Nigeria: Amid Worsening Insecurity, Investment Firm Backs Agitation for Restructuring
Nigeria: Amid Worsening Insecurity, Investment Firm Backs Agitation for Restructuring
In its macroeconomic note, an investment firm says the central policing system in Nigeria has failed given the country’s landmass and population.
Investment experts at Cowry Asset Management are of the view that Nigeria’s deteriorating situation provides enough grounds for the country to be restructured.
This is coming as a Committee of the Red Chamber of the National Assembly on Constitution Review holds public hearings amid calls for restructuring.
For Cowry Asset, the undying agitation for restructuring, creation of state police, devolution of power to states, and fiscal federalism were on the front burner at the two-day zonal public hearings organised in 12 venues nationwide by the Senate committee on constitution review.
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Daily Post Nigeria
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Good morning! Here is today’s summary from Nigerian Newspapers:
1. The Christian Association of Nigeria (CAN) has requested for the immediate establishment of Ecclesiastical Courts in Nigeria. CAN’s chairman in Kano State, Reverend Adeolu Adeyemo made the request at the House of Representatives Public Hearings on the Review of the 1999 Constitution (As amended) taking place in Kano.
2. Former President, Olusegun Obasanjo, yesterday, lamented the deplorable state of Nigeria, saying the country now flows with bitterness and sadness, rather than milk and honey. The former president spoke at the unveiling of a book in his honour at the Olusegun Obasanjo Presidential Library (OOPL) in Abeokuta, Ogun State capital.
Getting new constitution almost impossible, says National Assembly punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.
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Dayo Johnson – AkureGovernor Rotimi Akeredolu of Ondo state has said he decided not to stay in the multi-billionaire naira governor’s lodge built by his predecessor, Dr Olusegun Mimiko because it had a structural defect.
Akeredolu said this at the groundbreaking of the building of a new Governor’s lodge in Akure, the state capital.
He said that the former governor did not fix the defect before leaving office.
The governor noted that the former governor’s lodge built by the colonial officers and used by late Dr. Olusegun Agagu was termites infected.
According to him former Governor Mimiko converted an office into a lodge adding that it had structural defect that it would take a superman to live in.