Corruption, most terrible monster confronting Nigeria —Carrington

Former United States ambassador to Nigeria, Mr. Walter Carrington has said that until Nigeria begins to rely less on capital intensive sectors of the economy and more on labour intensive ones, the country will find it difficult to meet its ambitious goals of being one of the world’s 20 most important economies.

Ambassador Carrington spoke, yesterday, in Ilorin, the Kwara State capital while delivering the 29th convocation lecture of the University of Ilorin, UNILORIN.

He pointed out that,”diversification is urgently needed to make the economy less vulnerable to downswings in the petroleum prices. Even when oil prices were historically high, the unemployment rate, instead of falling rose from 21 per cent in 2010 to 24 per cent in 2011.” Continue reading…

Bad governance behind Nigeria’s poverty – Ezekwesili

A former Vice-President of World Bank (Africa Division) and former Minister of Education, Mrs. Oby Ezekwesili, has blamed the prevailing poverty level in the country on poor leadership and corruption in the public sector.

In a keynote address on the theme: “Literature and the creative economy”, she delivered at the opening of Port Harcourt Book Festival in Port Harcourt yesterday, Ezekwesili said it was sad that Nigeria, which should have blazed the trail of development in Africa and the entire Third World, was still struggling to survive after 53 years of independence.

She described Nigeria as the best example of an African paradox, adding that the enormous revenue the country had earned from oil has become a source of sorrow to the citizens. Continue reading…

Politicians have not hijacked strike, says ASUU

Yenagoa – The Academic Staff Union of Universities (ASUU), Niger Delta University (NDU) chapter, says it will not allowed opposition politicians to hijack the ongoing nationwide strike by the union.

The Chairman of university chapter of the union, Dr. Beke Sese, gave the assurance on Tuesday while speaking at a solidarity rally at the premises of the Law Faculty of the university in Yenagoa.

The union has been on strike since July 1. Continue reading…

Aviation: Authorities change story on N255m car scandal

Nigeria’s aviation authorities on Friday changed an earlier version of a story surrounding the purchase of two BMW 760 Li armoured series cars by the Nigerian Civil Aviation Authority, NCAA, for the minister of aviation, Princess Stella Oduah.

The spokesperson for the minister, Joe Obi, had earlier said in an interview that the cars were purchased for the minister of aviation because her life was in danger having stepped on toes while she ‘transformed’ Nigeria’s troubled aviation industry.
However, according to the new version, the cars were not purchased for the minister of aviation. Rather they were procured for special assignments and to protect foreign dignitaries whenever they visit the NCAA. Continue reading…