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Does privatisation serve public interests? (3)

Does privatisation serve public interests? (3)
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Does Privatisation Serve the Public Interest?, By Eric Teniola

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. ....

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OPINION: 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. ....

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Does privatisation serve public interests?

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. ....

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Beyond CBN's restructuring of Nigeria Commodity Exchange

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Beyond CBN’s restructuring of Nigeria Commodity Exchange
Mustapha Temidayo
By Sola Oni
On Tuesday, January 26, 2021, the Governor of Central Bank of Nigeria (CBN) , Mr Godwin Emefiele addressed the first press conference in the year where he unfolded the decision of the Monetary Policy Committee (MPC) on the rates that will drive operations in the money market. Expectedly, all the key indicators were retained. Monetary Policy Rate ( MPR) stays at 11.5 percent, Liquidity Ratio, 30 percent, Cash Reserve Ratio (CRR) and Asymmetric Corridor were also retained at 27.5 percent and +100 and-700 basis points respectively. The rationale for retaining the monetary policy instruments rates is not a rocket science. It may be a costly gamble for the apex bank to adjust any of the rates while the economy is trapped in stagflation. The bank has chosen a path of honour through gradual synchronization of monetary and fiscal policies to rescue t ....

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