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Odds against downstream deregulation - By Chijama Ogbu

 

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Bar. Bello Mahmud: The New Registrar General for CAC

 

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No 2nd Term for YarÁdua – Billionaire Debtors Vow

 

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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

 

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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

 

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Odey Inaugurates Panel on IWMF in Niger Delta

 

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

Honours for EFCC Boss in USA

 

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

 

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Economic Confidential, June, 2009

FEATURES

 

Still on Sanusi Lamido’s Suitability

By Abbas Liman (limanabbas@yahoo.co.uk)

 

I have been prompted to make a few comments following the one made by one George a member of Trustwriters Forum. His comment was on Sanusi Lamido Sanusi as Alhaji Umaru Musa Yar’adua’s nominee then for the replacement of Prof Charles Soludo as Governor, Central Bank of Nigeria (CBN). He expressed an opinion that a former Deputy Governor of the Bank, Dr Obadiah Mailafiya is more suitable.

 

As far as I see it, Professors are not better than their Senior Lecturer colleagues save in one aspect. It is that the Professor is smarter. On many occasions there are lecturers who are junior to the Professor and who have attended international conferences and workshops thereby making them as exposed if not more than the Prof in the advancement attained in the various areas of human development. I know some lecturers in foreign universities who submitted application for promotion to the rank of Senior Lecturer but external assessors returned the recommendation that they were above the Senior Lecturer position they were seeking to be promoted to. The recommendation stated that they were to be elevated to the rank of Professor. The Senate of their respective universities had no option than to do act accordingly.

Furthermore, it is well known that the highest level one could reach while learning in an institution where he/she would take instruction from a teacher in form of tutoring or lectures is the Masters degree. PhD is earned by research.

 

In exceptional cases people with Masters Degree who have no PhD have become Professors. One of those in this category is Adamu Baikie. He became a Professor of Education and was appointed Vice Chancellor at the University of Benin and then later Vice Chancellor at the University of Lesotho in Southern Africa.

 

There are those who did not even have a Masters degree yet did extremely well in their chosen carriers. These include the Black (African) American George Washington Carver. He was a Botanist/Agricultural Chemist. He developed hundred uses of Peanuts (Groundnuts), Soyabeans and Potatoes.

 

Another in this category also was Grunville Woods, also a Black (African) American who developed synchronous Multiplex Railway Telegraphs among others. The Telegraph system helps to prevent collision of trains traveling on the same track in opposite direction. He did not have a university degree. All he had was formal schooling till the age of 10 years. Gregory Mendel, the Austrian monk who carried out his extensive work in genetics that is still applicable in various branches of modern science like Food Technology, Genetic Engineering etc. He was neither a Professor nor a PhD.

 

In the category of those who had no exposure to western education but still did very well in their carriers are Lamidi Fakeye the Sculptor from Ila Orangun in Western Nigeria. From his little workshop where he was making his wood carvings, he rose to become a Visiting Professor of Art at the University of Michigan in the United States. Mallam (Dr) Aliyu Namangi, Zaria was another man in this category. He became blind at a very tender age following an illness (?Measles). He authored three books, one of which was used one time for undergraduate students of Hausa at the Ahmadu Bello University.

In my opinion what makes the difference between the person who has a degree and the person who has not is that the acquisition of degree widens the horizons of intellectual ability hence the person is able to do or achieve more. Sanusi Lamido has a first and a second degree. In addition to that he was a lecturer before he joined the Banking industry. He rose to the position of Executive Director of one of the largest and strongest banks in this country, the First Bank of Nigeria. I believe, quite rightly, that he has gained sufficient experience for his new job and would be equal to the task.

 

In conclusion, all the new CBN Governor requires is our prayers and support for him to join Mr President’s economic team in order to bring us out of the present economic predicament in this country. Perhaps Mr. George has apathy for the Northern Nigerians similar to what the Whites in Jamaica had for the Black rural dwellers in that country like Bob Marley so much so that they commented "Can anything good come out of Trenchtown?" in his music titled Trenchtown (in the album "Confrontation"). Or perhaps George has doubt in the capability of Northern Nigerians. Who knows? Sanusi Lamido might turn out to be a "Kashimawo" like the late Alhaji MKO Abiola whose parents probably thought that he might not even live. He surprised them by not just remaining alive but also becoming a very successful International Businessman.

 

Abbas Liman

Abuja, Nigeria

   

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