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FG Bans 91 Billionaires, Vips’ Jets, Insists On ₦30bn Duty

2019: Rising Air Fares, Shrinking Operating Airlines

December 27, 2019 4:36 am

The aviation industry in 2019 recorded less number of operating airlines than the previous years; few number of operating aircraft; fewer number of people employed in the aviation industry, as many airlines went under and their workers lost jobs; but the industry still kept high record in air safety, which is a significant progress made since 2014.

Also, the cost of airfares both in the domestic and international routes were relatively high because in the domestic routes. Also, there were few operating aircraft; while on international routes, foreign carriers continued to hold sway and determine the fares, as local airlines …

PRP Condemns Rising Debt Profile, VAT Increase

December 3, 2019 2:19 pm

The Peoples Redemption Party (PRP), on Tuesday, decried the country’s rising debt profile, stating that there is need for the federal government to take urgent steps to reduce the debts.

President Muhammadu Buhari in separate letters to the two chambers of the National Assembly last is seeking the lawmakers approval to borrow $30billion.

However, the National Chairman of the party, Falalu Bello, who spoke at a press briefing in Abuja, said it is unfortunate that the All Progressives Congress (APC) led federal government has nothing concrete to show for the many loans, it has taken since its inception in 2015, …

Again, IMF Warns Nigeria Against Rising Debts

November 28, 2019 2:22 pm

The IMF Senior Resident Representative and Mission Chief for Nigeria, Mr Amine Mati, has said that Nigeria’s debt to gross domestic product ratio at 28 per cent has increased but is still below the average sub-Saharan Africa and Africa as a whole.

He said this at the public presentation of the ‘Fall 2019 issue of the regional economic outlook for sub-Saharan Africa,’ in Lagos on Wednesday.

While mentioning that the revenue to GDP was low, he urged the Federal Government to increase its drive to create more jobs and revamp its fiscal consolidation.

He said, “Nigeria’s debt has increased but …

A New Politics Is Rising In Lebanon

November 16, 2019 10:30 am

Beirut, Lebanon – In the unlit parking lots around Martyr’s Square in downtown Beirut, the darkness is illuminated only by lightbulbs strung from camping-style tarps. Thousands have gathered here every evening for the last few weeks. Rows of plastic chairs are full, others sit on the floor or jostle among those standing to get a good view.

From afar, it resembles an outdoor festival, but this is no fairground. These private parking lots lie in the heart of the upscale Beirut Central District run by a private corporation, Solidere, which has effectively transformed the heart of the Lebanese capital into …

Roma Holocaust: Amid Rising Hate, Victims Remembered

October 31, 2019 7:05 am

Margarethe Kraus was just a teenager in 1943 when she was deported from her home in Czechoslovakia to Auschwitz.

While imprisoned in the concentration camp, she endured extreme maltreatment and was subject to medical experiments.

She survived the Holocaust. Her parents did not.

They were among the 250,000 to 500,000 Roma and Sinti people – between 25 and 50 percent of the minority’s entire population in Europe at the time – murdered by Nazis and their collaborators during the second world war.

Kraus’s story features in a new exhibition at London’s Wiener Holocaust Library.

Read Also: Hostages ‘Killed’ As Rakhine

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Concerns Mount Over Rising Foreign Funding For Boko Haram

October 17, 2019 4:33 am

Obasanjo, military chiefs warn of prolonged war against insurgency
Buhari directs service chiefs to promptly settle fallen soldiers’ entitlements

There are growing concerns that the insurgency war in the North-east is being prolonged by massive external funding from fundamentalist groups and foreign nations, investigations have revealed.

Former President, Chief Olusegun Obasanjo also added his voice to these concerns Wednesday, saying foreign funding for Boko Haram has risen to 50 percent.

However, in a bid to boost troops’ morale, President Muhammadu Buhari has ordered service chiefs to take urgent steps to settle the entitlements of soldiers affected by insurgency across the …

Unemployment rate rising to 33.5 percent by 2020 – FG

May 2, 2019 12:13 pm

The unemployment rate may increase from 23.1 percent to 33.5 percent by 2020, the Federal Government announced on Thursday.

The Minister of Labour and Employment Senator Chris Ngige disclosed this while declaring open a two-day workshop on breaking the resilience of high unemployment rate in the country in Abuja.

He described the incessant increase of unemployment in the country was alarming.

The Minister said the high unemployment rate of 23.1 per cent, and underemployment of 16.6 per cent presented by the National Bureau Statistics (NBS) in its 2019 report was alarming.

Ban on Okada in Anambra and the rising crime

March 20, 2019 8:37 pm

By Odumodu Gbulagu

When Governor Willie Obiano banned the activities of commercial motorcycle operators, popularly called OKADA in Anambra state, I wrote that the ban was ill informed, and would bring high rate of crime in the state.

The reason why the ban was ill timed was because there was no clear cut plan for integrating hundreds of those Okada operators into another trade, or any means of livelihood; and there was no plan to cushion the fallout of the ban.