LES LEBA's Blog – June 2010 Archive (3)

CBN AND PETROLEUM SUBSIDY! - BY: LES LEBA

The issue of the removal of petrol subsidy is one area that has exposed our government’s characteristic indecision and prevarication. On the one hand, government’s claim to subsidy values of over N600bn per annum is considered outrageous and unsustainable as this expenses subhead alone usually exceeds the consolidated capital votes for health, education and transportation each year. Meanwhile, Nigerians continue to bemoan the huge infrastructural deficits in these critical areas of social… Continue

Added by LES LEBA on June 28, 2010 at 10:43am — No Comments

2-POINT AGENDA FOR MR. PRESIDENT! - BY: LES LEBA

In an attempt to encourage Nigerians to see the Jonathan Presidency as a continuation of Yar’Adua’s ‘legacy’, the Federal Executive Council recently announced their adherence to the late President’s controversial 7 Point Agenda.

There appears to be some consensus amongst critics that adequate power provision and electoral reform are probably the most critical areas to which resources and efforts should be skewed. It is expected that adequate power provision would stimulate industrial and… Continue

Added by LES LEBA on June 16, 2010 at 12:43pm — No Comments

ECONOMY: NIGERIANS TO THE SLAUGHTER SLAB?

BY: LES LEBA

“The Ministry of Finance may seek parliamentary approval to alter key 2010 budget assumptions to better reflect global energy prices and the country’s crude oil output.The Minister of State for Finance, Mr. Remi Babalola disclosed this in Abuja on Thursday. “The Minister had raised the alarm earlier this month that government revenues, mostly from oil sales were not enough to fund this year’s expansionary spending plans and could force the Federal Government to use its entire… Continue

Added by LES LEBA on June 1, 2010 at 1:00pm — No Comments

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