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Editorial Suite

Odds against downstream deregulation - By Chijama Ogbu

 

Profile

Bar. Bello Mahmud: The New Registrar General for CAC

 

Cover

No 2nd Term for YarÁdua – Billionaire Debtors Vow

 

Facts and figures

Federation Account: How They Share N332bn in October

 

The Sharing of N27.8bn on Exchange Rate difference in October 2009

 

List of Federal Perm. Secs and their States - Non from Bayelsa

 

List of Major Debtors in Nigeria

 

Exclusive Interview

No more Needless Borrowing in Public Offices - Aliyu Yelwa, Boss of Fiscal  Commission

 

Monetary

CBN Supports Deregulation, Allows ETB to Rectify Lapses

 

Communiqué No. 66 of the Monetary Policy Committee Meeting

 

List of Major Debtors in Nigeria

 

National News

SMEDAN Advises Small Businesses on Good Idea

 

Odey Inaugurates Panel on IWMF in Niger Delta

 

Finally FG, States Share $2bn from Excess Crude Account

Honours for EFCC Boss in USA

 

State News

Kano Spends N1bn on Sports Development as Governor bagged ‘Sardauna’

 

IDB advances N3.15bn loan to KDSG as Governor Approves N18mn for Training 

 

 

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Economic Confidential, December 21, 2008

NEWS UPDATE

 

Niger Bridge Won't Collapse-NEMA

-As Security beefed up Against Any Disaster During Yuletide

 

The National Emergency Management Agency NEMA has allayed the fear of travelers during the yuletide that the old Niger Bridge in Onitsha, a gateway to the South-Eastern part of the country will not collapse as being speculated.

 

The Director General of NEMA, AVM Mohammed Audu-Bida said that necessary actions have been taken by government to ensure the safety of commuters, especially during this yuletide. He disclosed this during an assessment of level of preparedness of the combined security networks that have been deployed to mount surveillance and protect lives and properties during the exercise.

 

The agency is spearheading Operation Eagleye, a joint effort of security agencies in the country in providing adequate security on major highways to control traffics and combat criminal activities through out the yuletide period.

 

He pointed out that the reason for the maximum security alert at this period was influenced by past experiences of high road accidents and increased rate of criminalities during such festivities.

 

Audu-Bida added that heavy penalties await offenders who fail to observe strict lane discipline, overspeeding, overload, obstruction of traffics, indiscriminate use of fire crackers and acts that threaten human lives and security of the country.

 

He enjoined Nigerians to avoid actions that can ruin their life. According to him “As 2009 is just around the corner, we should avoid recklessness that may deny us the joy of witnessing the New Year. All the security agencies are collaborating and on full alert to deal ruthlessly with undesirable elements who may foment trouble. ”

 

Some of the agencies involved in the Operation Eagleye include the Federal Road Safety Commission, the Nigeria Police, Nigeria Security and Civil Defence Corps, Fire Services, Red Cross, Federal Ministry of Health, FERMA and Vehicle Inspection office.

 

At the local level, members of the Grassroots Vanguard Volunteers which was initiated by NEMA in collaboration with state emergency committees will complement the effort of security agencies for search and rescue in cases of outbreak of fire incidents or disasters.

 

There had been anxiety over unusual noises and vibrations of the Bridge, which lies on a critical economic route carrying traffic far in excess of its earlier design of the sixties. A joint visit to the foot of the bridge in November 2008 by NEMA and other stakeholders discovered that vandals were removing bolts, nuts and other structural elements from the bridge. The situation prompted the government to mount more security for the bridge while necessary repaired were made to the bridge.

   

SPECIAL FOCUS

List of Major Debtors in Nigeria

 

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

 

NEMA@10: The Story So Far

 

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

 

FEATURES

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

* 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