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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

 

Monetary

Update on Banking Reforms

 

National 

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

 

States

Kano has highest Allocation for Agriculture

 

Osun Presents N113bn budget to Legislators

 

Kaduna Rail Service Commended

 

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Delta to Rehabilitate FG Roads

 

Global

Global Economic Crisis an Opportunity to Reposition Nigeria- Minister

 

 

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Economic Confidential, November, 2009

NATIONAL

 

 

Madam Rebranding Akunyili Confesses on Deteriorating Educational Sector

 

In her first public confession over the deteriorating condition of the Nigerian universities, the country’s ambassador of Rebranding campaign, Professor Dora Akunyili has stated that a visit to a typical Nigerian university today would reveal the decadence in the system. 

 

The Minister expressed her sincere opinion while delivering the maiden convocation lecture of the University of Mkar in Gboko Local Government Area of Benue State. Strangely, as the Economic Confidential gathered, the new university which is Christian-based is operated by the Church of God in Sudan.

 

According to Professor Akunyili who is the Minister of Information and Communication: “the (academic) environment (today) is so dirty and most times unfit for humans to live. Crowded classrooms, inadequate hostel accommodation, non-existent library services, unfulfilled lecturers, elongation of academic calendars and sessions as a result of consistent strikes, the woes are endless.

 

The result, of these maladies, Prof Akunyili noted, is the craze for foreign education. Rich Nigerians today prefer sending their children to schools in Europe, America and even to neighbouring Ghana to acquire quality education.  The educational sector seems to be totally in shambles.

 

The title of her lecture going by her pet-project on rebranding is also titled: “Rebranding Nigerian Education for National Development.” She stated that “It is common knowledge that our University system has degenerated to the extent that it needs re-burbling, resuscitation or re-branding. For Nigerian to regain its lost glory in the area of university education, the country must re-brand the entire educational sector in general and the university system in particular.”

 

Prof. Akunyili noted with nostalgia how it was to be an undergraduate of a Nigerian university in the 1960’s, 1970 and even the early 1980s- the years which she termed the glorious years of our educational system.

 

Going down memory lane, the Hon. Minister stated that even though there were many scholarships including those of government for studying abroad, many parents and their wards preferred studying at home. She said that it was great fun to be studying in a typical Nigeria university then; one could easily calculate how long he would spend in the university upon entry because strikes were non existent then.

 

Prof. Akunyili noted with delight how spacious classrooms were then with fewer students in each lecture room, how comfortable the hostel rooms were, with two or at most three people in a room, which is totally different from what, obtains today.  There were also a well equipped Library for research and learning with knowledgeable librarians at one’s beck and call and ready to assist at every moment.   She added that the foods available to the students then would only be compared to what one could find in top class hotels today. The students were well cultured, took their studies very seriously while looking forward for a glorious future upon graduation. There was uninterrupted power and water supply. Everything was simply in abundance. 

 

Sadly, Prof. Akunyili observed those glorious years are now behind us, in contrast to what obtains today. The era of qualitative university education seem to have been lost forever in the country.

   

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

 

The limit of Sanusi’s capitalist reforms By Kola Ibrahim

 

The Other Side of Recapitalisation By Abubakar Jimoh

 

 

Africa's Foreign Reserves: In Reserve For Who?By Chika Ezeanya

 

Churches and Mosques Should Pay taxes - Mcdonald Koiki

 

Deregulating Robbery in Nigeria By Kola Ibrahim

 

Understanding Monetary Policy By Abubakar Jimoh

 

The Making of Ideal Economic Policies By: Salim Salihu Muhammed

 

The Putrid Mess Also in CBN By Les Leba

 

Still on Early Warning Alert System in Nigeria By Yushau A. Shuaib

 

District 9 and the Can of Wild Paradox by Segun Imohiosen

 

Nigeria: Time to Check to the Drift By Dansulieman Mohammed

 

Golden Casket: Between Gani Fawehinmi and Wacko Jacko- By Yushau A. Shuaib

 

NIGERIA@49: Tracing the Economic Intervention- By Abubakar Jimoh

 

NASENI: Striving to end Nigeria’s reliance on foreign good – By Umar Kari

 

Macroeconomic Framework for an Independent Economic Recovery- Salihu Muhammad

 

When Sony Undermines Campaigns of Akunyili and Aoandoka- By McDonald koiki

 

Archetypal Resurgence: The Lamido Sanusi Revolution- By Segun Imohiose

 

Banks and Money Laundering- By Les Leba

 

Oronsaye’s Civil Service reform- By hussaini Sani kagara

 

New Policy in the Civil Service: Hypocrisy at Work? –By Tope Ajakaiye

More Features

 

TAX MATTERS

*Re: Churches and Mosques Must Pay Taxes By Dr. John Edemode

* Church and Mosque Not Exempted from Tax - FIRS

… Use of Consultants for Tax Collection is an Aberration

*Finance Minister Advocates Partnership on Tax Issues

*FIRS Reopens PAN, Vows to Prosecute Defaulters

*How We Generate N808bn in Tax Revenue Within Six Months- FIRS Boss

*FIRS Generates Taxpayers Numbers for Bank Customers

*Historical Milestone as Online Tax Payment Begins

*FIRS Seals Two Oil Companies Over $610m Tax Arrears

*Firms Owed Govt N260b in Taxes

*Tax Identification Number to Reduce Tax Evasion- FIRS Boss

*Revenue Agencies to Make Full Disclosure- Finance Minister

*FIRS Delists 2 Banks over Non-Remittance of Tax