States Endorse Probe of NNPC’s N1.15 trillion Subsidy Claims

 …Insists CBN to Refund 1% Charges on Paris Club Debt Exit

 The Federation Account Allocation Committee (FAAC) which has representatives from each state of the federation and Federal Capital City, has endorsed an independent audit of subsidy claims by the Nigerian National Petroleum Corporation (NNPC) estimating at N1.155 trillion by the Federal Government.

NITEL Panel Takes Over from Transcorp Finally

The newly constituted but yet to be inaugurated technical board on Nitel and its mobile arm would meet at the Bureau of Public Enterprises BPE to take over and chart a course for its management of the ailing enterprises after the government revoked revoked the sale to Transnational Corporation of Nigeria (Transcorp).

FG Approves Another N348 Billion for Power Supply

The Federal Government has taken additional measures towards improving the power supply situation in the country. The Federal Executive Council [FEC] has approved and ratified nine contracts totaling N348 billion at an Extra-ordinary FEC on Power convened by President Umaru Musa Yar'Adua.

Nigeria and Britain Sign MOU on Climate Change

… As it Commences Green campaign

 The Minister of Environment, Mr. John Odey has stated that an effective global response to climate change remains an important international objective for Nigeria.

Exciting features:

*AFC YarÁdua and the Rule of Law - By Les Leba

Banking consolidation which ‘decreed’ larger banks into existence, created amalgams of strange bedfellows and the promises of an energized banking sector that would stimulate economic growth and investments have been largely unfulfilled, such that only the banks seem to be dancing magnificently…

*What Maketh A Northerner?  - By Abubakar Suleiman  

A Negro and an African, a Nigerian and a Northerner and, yes most definitely a Muslim… I think Ngozi is good (brilliant) and Ndidi is bad (disastrous), I hold Bode Agusto as exemplary and Bode George a shame, I know Sanusi to be straight and Shamsudeen a sham…

*Crude oil and Nigeria’s failed development - By Moses Braimah

Crude oil and gas exports accounts for more than 98% of our export earnings and about 83% of federal government revenue, as well as over 40% of GDP. It also provides 95% of foreign exchange earnings, and about 65% of government budgetary revenues.

*Efforts to Combat Climate Change in Nigeria -By John Odey

Climate Change impacts could pose great dangers with consequences of desertification, sea-level rise, flooding and water salinity among others. These impacts could manifest in food security challenges, damage to infrastructure and social dislocation. Additional impact is threat to Health as rising temperature could bring about diseases like Cerebro – Spinal Meningitis (CSM), Malaria and other related illnesses.

*Muslims, the Internet and Messengers?  -By Nurain H. Ibrahim   

Muslims use the Internet to send and receive emails on Islamic teachings, for discussion of local and international politics, to find answers to theological questions and even for personal issues (such as the Muslim dating websites that single men and women are increasingly resorting to, to find Mr. or Mrs. Right).

*Still on Sanusi Lamido’s Suitability for CBN -By Abbas Liman

*Reminiscences of Nigeria -By Akintokunbo A Adejumo

*Between Ladi Lawal and Taju AbdulRaheem- By Boniface Kassam

*That World Environment Day - By Lawrence Adebayo Thomas

*Nigeria e-passport Costs- Akintokunbo A. Adejumo

Economic Confidential