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The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that companies’ liabilities to the Federation as of December 31st 2020 was

By Olusegun Adeniyi From Olusegun Obasanjo to Goodluck Jonathan and now Muhammadu Buhari, ‘triumphalism’ by members of the ethnic group whose ‘son’ is in power has become the defining ethos of their relationship with other Nigerians. This display of arrogance of power—even without deriving any ‘benefit’ beyond the fact that the president speaks their language—not only causes problems for their man, but creates needless tension for our fragile nation. However, at no period in the past 21 years has our country descended to the level of inter-ethnic animos...

 By Olusegun Adeniyi, The stewardship of my friend and brother, Waziri Onibiyo Adio, as the Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI) ends today after five excellent years. It is non-renewable single term. I am proud of his achievements at the institution that also means a great deal to me. NEITI was established in 2003 to institutionalise transparent and accountable management of extractive resources as a response to the pervasive resource curse syndrome experienced by countries like Nigeria. Appointed by President Olusegun Obasanjo to represe...

4 min read Before transmitting the 2021 budget to President Muhammadu Buhari, the National Assembly added several controversial projects, as well as increased and slashed the budget of some ministries, departments and agencies (MDAs), a PREMIUM TIMES appraisal of the budget has shown. The 2021 budget proposed by President Buhari to the lawmakers was N13.08 trillion. But upon passage, federal lawmakers used their legislative powers over the budget to up the bill to N13.6 trillion, an increment of over N500 billion. By this increase, the legislators made the proposal larger than...