Tuesday 28th April 2015 03:55 PM
The effort of the Federal Government over the years to fast-track its developmental plans and programmes devoid of bureaucratic bottlenecks informed the establishment of most of the existing Parastatals, Commissions and Agencies. Over time, with the increase in the number of parastatals their functions became overlapping and, in some cases, duplicated,
thereby increasing the cost of Governance. To check this, particularly in the context of the global economic downturn, the President, Dr. Goodluck Ebele Jonathan, GCFR, constituted a seven-man Committee on the Restructuring and Rationalization of Federal Government Parastatals, Commissions and Agencies on Thursday, 18th August, 2011.
Wednesday 23rd October 2013 10:21 AM
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
Wednesday 23rd October 2013 10:02 AM
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