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Editorial Suite

Still a long shot to stable electricity By Chijama Ogbu

Facts and Figures

Again FG, States Share N354bn in November

FAAC: The Sharing of N266bn Statutory and VAT Allocation in Nov 09

FAAC: The Sharing of N27bn on Foreign Exchange Difference in Nov 09

Corruption Index: The Ranking of Nigeria from 1995 – 2009

Hurray… Nigeria is No More Most Corrupt Nation

Table of Clean and Corrupt Nations 2009

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Update on Banking Reforms

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Daring Scammers Forged Senate President’s Cheque … As EFCC Arraigned Nigerian Ambassador on Corruption Charges

Love Scam: Australian Victim Receives $9,300 from Unilag Graduate

Nigeria Canvases for Investment in Agriculture

Economists Call for Sincerity on Deregulation

NEMA Graduates Search and Rescue Officers

FG Earmarks N1.5bn for Year 2009 Pest Control Exercise

More Agitations over New Auditor General ...As Tenure of Acting Incumbent Expires

Nigerian Macroeconomics Improve- Minister ... As Baroness Chalker Commends Amnesty

Madam Rebranding Akunyili Confesses on Deteriorating Educational Sector

A Nigeria's Graduate in $2.5m Internet Scam ... As Hacker Attacks Police Website

Amnesty: Barrel of Crude Jumps to 1.84 million... As Koreans Opt Out-of-Court Settlement Over Oil Licence

Odey Urges States to Give Attention to Environmental Issues

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Kano has highest Allocation for Agriculture

Osun Presents N113bn budget to Legislators

Kaduna Rail Service Commended

Anambra Releases N100m for Laboratories

Delta to Rehabilitate FG Roads

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Global Economic Crisis an Opportunity to Reposition Nigeria- Minister

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Economic Confidential, November, 2009

FACTS AND FIGURES

Corruption Index: The Ranking of Nigeria from 1995 – 2009

In the last 15 years of the annual report on Corruption Perception Index by the Transparency International, Nigeria came last position in 1996, 1997 and 2000.

In an analysis and computation by Professor Mobolaji Aluko*, a guest columnist with the Economic Confidential magazine indicates that 2008 was Nigeria's best year when it had highest CPI (2.7) and highest number of countries below it (Nigeria). The country’s worst year was actually 2000 when it had lowest CPI (0.6) and being last and untied in that 90th position.

It is also important to note that 1995 was the inaugural year of the CPI report but Nigeria did not feature in the list of 41 countries assessed until the following year 1996 and 1997 when it was listed on the bottom of the ladder ranking 54 out of 54 countries and 52 out of the 52 countries respectively.

The table by Aluko, a Professor with University of Howard in the United States of America also shows that Nigeria was actually second-to-the-last-position in 4 different years: 1999, 2001, 2002 2003 and third-to-the-last in 2004.

The table below is self-explanatory:

S/N	Year	No. of Countries	Nigeria’s Rank Among Countries	# of Countries Below Nigeria	# of Countries Tied with Nigeria	CPI Score	Range	# of Surveys Used

1	1995 (first Year of CPI Index)	41	Nigeria not featured	n.a.	n.a.	n.a.	n.a.	n.a.
2	1996	54	54	0	0	0.69	-	4
3	1997	52	52	0	0	1.76	-	4
4	1998	85	81	3	1	1.9	-	5
5	1999	99	98	1	0	1.6	-	5
6	2000	90	90	0	0	0.6	0.6-2.1	4
7	2001	91	90	1	0	1.0	-0.1 – 2.0	4
8	2002	102	101	1	0	1.6	0.9 – 2.5	6
9	2003	133	132	1	0	1.4	0.9 – 2.0	9
10	2004	146	144	2	0	1.6	1.4 – 1.8	9
11	2005	159	152	5	2	1.9	1.7 – 2.0	9
12	2006	163	142	13	8	2.2	2.0 – 2.3	7
13	2007	180	147	31	2	2.2	2.0-2.4	8
14	2008	180	121	55	4	2.7	2.3-3.0	7
15	2009	180	130	42	8	2.5	2.2 – 2.7	7

*Professor Mobolaji Aluko (PhD), a professor at the University of Howard is a Guest columnist with the Economic Confidential and also publisher of www.nigerianmuse.com

SPECIAL FOCUS

List of Major Debtors in Nigeria

Questions and Answers on the Examinations of the 14 Banks by CBN

List of Bad Debtors in Federal Mortgage Bank of Nigeria (FMBN)

NEMA@10: The Story So Far

FEATURES

Still on El-rufai and Ribadu on President Umaru YarÁdua By Yushau A. Shuaib

El-Rufai’s Tantrums This Time Around By M. Sani Zorro

A Time for National Appraisal By McDonald Koiki

Prospects For Domestic Petroleum Refining In Nigeria- By Ekpen J. Omonbude Phd

Revitalizing Entrepreneurship in Ilorin Emirate By Engr. Yusuf O. Sagaya (MFR)

Exchange Programmes By Chinedu Vincent Akuta