Does Privatisation Serve the Public Interest?, By Eric Teniola
The privatisation programme was just an opportunity by government to allow very few individuals to buy our common wealth at give away prices. Some of these companies privatised were established through loans procured by the central government on behalf of the people of Nigeria, and it is the people of Nigeria who will have to repay the loans. Of what benefit has this privatisation programme been to the people of Nigeria and what impact?
Between 1988 and 1993, Alhaji Hamzat Rafindandi Zayyad (1937-2002) dominated the headlines in this country. He was in the news not because he was the first chartered accountant from the old northern Nigeria. He became an accountant in 1963. He was in the news not because he was a mentor and godfather to many public officers, especially from northern states, including the current governor of Kaduna State, Mallam Nasir El-Rufai, a surveyor, who has been elected twice now.
ON THE GO
Resident permit: Immigration warns Nigerians against fake marriages to foreigners Muhammed Babandede, comptroller-general of the Nigeria Immigration Service (NIS), has warned Nigerians against marrying foreigners in the attempt to procure resident permits.Advertisement Speaking at a meeting with journalists in Abuja.
Kaduna closes case against El-Zakzaky, asks court to convict him The Kaduna state government has asked a high court in the state to convict Ibrahim El-Zakzaky, leader of the Islamic Movement in Nigeria (IMN).Advertisement El-Zakzaky and his wife, Zeenat, are.
‘It’s utterly naïve’ Buhari speaks on attempted Niger Republic coup President Muhammadu Buhari has condemned the attempted coup in Niger Republic, describing the action as “utterly naïve”.Advertisement There were reports of heavy gunfire near the presidential palace of Niger Republic.
The company stated this in its audited result released on the floor of the Nigerian Stock Exchange on Monday. The profit after tax represented an increase of 33.2 per cent when compared with N22.36 billion recorded in the corresponding period of 2019, reflecting management s unrelenting goal to deliver consistent shareholder value. The company s group revenue increased by 33 per cent to N214.30 billion in contrast to N161.09 billion in 2019. Gross profit increased by 40.4 per cent to N53.75 billion, against N38.29 billion posted in 2019. In spite of the disruptions in the economy due to coronavirus pandemic, Dangote Sugar Refinery recorded an increase in production, which rose by 13.7 per cent to 743,858 tonnes compared with 654,071 tonnes posted in 2019.
By Onimisi Alao
The new Hama Bachama, the paramount ruler of the Bwatiye (Bachama) people of Adamawa State, made a 10-page tightly written speech at his coronation on Wednesday, December 23, 2020.
Half the speech was about the things which trouble his mind as Governor Ahmadu Fintiri gave him his staff of office that day to lead a people who have always had probably more than their share of issues of insecurity and unsatisfactory pace of development.
“I am concerned about the increasing availability, affordability and rampant use and abuse of illicit substances, mainly alcohol, narcotic drugs, psychotropic and new psychoactive substances by mostly our young people,” the new Hama Bachama said.