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Editorial Suite

Still a long shot to stable electricity By Chijama Ogbu

 

Facts and Figures

Again FG, States Share N354bn in November

 

FAAC: The Sharing of N266bn Statutory  and VAT Allocation in Nov 09

 

FAAC: The Sharing of N27bn on Foreign Exchange Difference in Nov 09

 

Corruption Index: The Ranking of Nigeria from 1995 – 2009

 

Hurray… Nigeria is No More Most Corrupt Nation

Table of Clean and Corrupt Nations 2009

 

Monetary

Update on Banking Reforms

 

National 

Daring Scammers Forged Senate President’s Cheque … As EFCC Arraigned Nigerian Ambassador on Corruption Charges

 

Love Scam: Australian Victim Receives $9,300 from Unilag Graduate

 

Nigeria Canvases for Investment in Agriculture

Economists Call for Sincerity on Deregulation

 

NEMA Graduates Search and Rescue Officers

 

FG Earmarks N1.5bn for Year 2009 Pest Control Exercise

 

More Agitations over New Auditor General ...As Tenure of Acting Incumbent Expires

 

Nigerian Macroeconomics Improve- Minister ... As Baroness Chalker Commends Amnesty

 

Madam Rebranding Akunyili Confesses on Deteriorating Educational Sector

 

A Nigeria's Graduate in $2.5m Internet Scam ... As Hacker Attacks Police Website

 

Amnesty: Barrel of Crude Jumps to 1.84 million... As Koreans Opt Out-of-Court Settlement Over Oil Licence

 

Odey Urges States to Give Attention to Environmental Issues

 

States

Kano has highest Allocation for Agriculture

 

Osun Presents N113bn budget to Legislators

 

Kaduna Rail Service Commended

 

Anambra Releases N100m for Laboratories

 

Delta to Rehabilitate FG Roads

 

Global

Global Economic Crisis an Opportunity to Reposition Nigeria- Minister

 

 

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Economic Confidential, November, 2009

FEATURES

Exchange Programmes

By Chinedu Vincent Akuta

 

The greatest challenge will be how to raise the standard of education in Nigeria with minimal or no government involvement. Please do not ask me why, because events in and around our educational sector has shown us how serious our government can be when it comes to improving the educational standards. Part of the reason why our “rulers” do not give education the required attention is because some of their children are studying overseas. Many are studying in nearby Ghana and other African countries. This reminds me of a suggestion that I made earlier that all government functionaries should have their children study in Nigeria while they are still in government positions. Exception should be for people on foreign services.

 

It should be an unpatriotic act to have your children studying abroad while you’re holding a government position. Nigerians should take this matter to the National Assembly and all states Houses of Assembly to pass a law prohibiting children of government functionaries from studying abroad while their parents are still holding government positions. Same should apply to health care. Perhaps a policy in the above direction might bring some seriousness on the part of government officials and thus usher in changes in our education and healthcare system.

 

Having said the above, I want to propose exchange programmes between the private universities and government universities. I want the 41 private universities, polytechnics, and other privately owned higher institutions to design an exchange programmes particularly for the students of public universities. The idea will be to cross exchange ideas, learning skills, study experiences, share books, journals etc. I want the private universities to take up the challenges of improving the standard of education, by assisting the students of public universities using the mechanism of exchange programmes. On the fallen standard of education in Nigeria , private institutions (universities, polytechnics etc) cooperation with government institutions provides a viable option that can improve the quality of education. Exchange programmes should also be encouraged between government and private owned primary and secondary schools.

 

A lot has gone wrong with the public schools. The lack of funding (below the UNESCO standard of 26% of annual budgets) is a big factor. The industrial disputes between the government, Academic Staff Union of Nigerian Universities (ASUU), Senior Staff Association of Nigerian Universities (SSANU), Non Academic Staff Union of Universities (NASU), National Association of Academic Technologists (NAAT) etc, has taken its toll on Nigerian students. Let us also factor in the internal university crisis, like the tussle to become the University of Benin Vice Chancellor etc.  All these have negative effects on the students.  Obviously, when two elephants fight, the grass will suffer. The grasses in this case are the Nigerian students who are paying the price.

 

As it stands, I appeal for a rescue plan from the private sector. Education is light and knowledge will forever govern ignorance. Ignorance is also a disease. I want the private sector (parents, teachers, non governmental organizations, business community, churches etc) to embark on a massive campaign to raise the culture of reading. Let the private sector do whatever it will take to get Nigerians reading. We need to read more to improve our standards. Let the Nigerian people take this as a challenge to encourage children and youths to read, as this will have a clear and positive effect on academic achievements in school and outside the school. Another fact we need to understand is that, low levels of literacy can lead to poor outcomes amongst students, which in turn can lead to high unemployment, crimes, etc.

 

Nigerians need to encourage their children and the youths to read more science and technology courses. It gave me serious concern when I learnt that South African government is recruiting mathematics and sciences teachers from Nigeria . This is an area we need most. This is also another brain drain, but again they will remit foreign exchanges back home. In the absence of our oil revenue, remittances from Nigerians abroad are the second largest source of foreign exchange. Though that I will not blame any teacher that leaves Nigeria , but my advise is, let them fashion a way of transferring their foreign experiences back to Nigeria . 

 

We need also to encourage our people to study skills acquisition in addition to their normal academic programme. We can design skills acquisition courses at the end of every academic year for our children/youths etc. This will take away their mind from crimes etc. An idle mind is a devils workshop. Let us also encourage our people to take overseas distance learning courses. Exposure to overseas distance learning might be a better way for people to experience the standards of education in the western world. Quiz competitions amongst students should be encouraged as well.

 

I will recommend adult education for parents and families who are not educated. There is need to educate our uneducated parents and families. I have said these because, the child’s first and most important teachers are the parents or the family members. Educated parents will likely engage in their children’s education. Better still, there could be home study programmes if parents are educated. In a report on Time Magazine of November 23 2009 edition, many Chinese students spend twice as many hours doing homework than their United State counterparts, partly due to family involvement. I will ask private educational providers to design programmes whereby tutors can visit people at their work places or business places to deliver lecture. I understand some people might be too busy to leave their offices/business to attend adult education centers, in such situation, tutors can visit such people.

 

I will also propose the establishment of community libraries and learning centers in every community. This project should be undertaken by the communities. It could be a room or two. Nigerian communities/villages should build community libraries the same way they established community banks. Many communities established community banks, same spirit should adopted to build community libraries. It should be equipped and managed by the communities. Nigerians at home and abroad should donate books to these libraries.

 

I will recommend an arrangement whereby the federal, state and local governments will grant tax waivers to private institutions in return for them to increase their yearly students’ enrolment, offer scholarships, studentships, funding, etc. Let me also propose more private sector (companies, banks etc) collaboration and funding of research projects in private universities.

 

Finally, I wish to appeal to Nigerians to participate and join the fight against global warming. Turn off your electrical appliances/lights when not in use. Plant a tree or sponsor one to plant on your behalf. Government and companies should send less paper work and do more email, telephone, and sms. May God bless Nigeria .

 

 

Chinedu Vincent Akuta

An activist and leader of “Support Option A4 Group” Leicester-UK

akutachinedu@yahoo.com

http://briefsfromakuta.blogspot.com/

   

SPECIAL FOCUS

List of Major Debtors in Nigeria

 

Questions and Answers on the Examinations of the 14 Banks by CBN

 

List of Bad Debtors in Federal Mortgage Bank of Nigeria (FMBN)

 

NEMA@10: The Story So Far

 

FEATURES

Still on El-rufai and Ribadu on President Umaru YarÁdua By Yushau A. Shuaib

 

El-Rufai’s Tantrums This Time Around By M. Sani Zorro

 

A Time for National Appraisal By McDonald Koiki

 

Prospects For Domestic Petroleum Refining In Nigeria- By Ekpen J. Omonbude Phd

 

Revitalizing Entrepreneurship in Ilorin Emirate By Engr. Yusuf O. Sagaya (MFR)

 

Exchange Programmes By Chinedu Vincent Akuta

 

The limit of Sanusi’s capitalist reforms By Kola Ibrahim

 

The Other Side of Recapitalisation By Abubakar Jimoh

 

 

Africa's Foreign Reserves: In Reserve For Who?By Chika Ezeanya

 

Churches and Mosques Should Pay taxes - Mcdonald Koiki

 

Deregulating Robbery in Nigeria By Kola Ibrahim

 

Understanding Monetary Policy By Abubakar Jimoh

 

The Making of Ideal Economic Policies By: Salim Salihu Muhammed

 

The Putrid Mess Also in CBN By Les Leba

 

Still on Early Warning Alert System in Nigeria By Yushau A. Shuaib

 

District 9 and the Can of Wild Paradox by Segun Imohiosen

 

Nigeria: Time to Check to the Drift By Dansulieman Mohammed

 

Golden Casket: Between Gani Fawehinmi and Wacko Jacko- By Yushau A. Shuaib

 

NIGERIA@49: Tracing the Economic Intervention- By Abubakar Jimoh

 

NASENI: Striving to end Nigeria’s reliance on foreign good – By Umar Kari

 

Macroeconomic Framework for an Independent Economic Recovery- Salihu Muhammad

 

When Sony Undermines Campaigns of Akunyili and Aoandoka- By McDonald koiki

 

Archetypal Resurgence: The Lamido Sanusi Revolution- By Segun Imohiose

 

Banks and Money Laundering- By Les Leba

 

Oronsaye’s Civil Service reform- By hussaini Sani kagara

 

New Policy in the Civil Service: Hypocrisy at Work? –By Tope Ajakaiye

More Features

 

TAX MATTERS

*Re: Churches and Mosques Must Pay Taxes By Dr. John Edemode

* Church and Mosque Not Exempted from Tax - FIRS

… Use of Consultants for Tax Collection is an Aberration

*Finance Minister Advocates Partnership on Tax Issues

*FIRS Reopens PAN, Vows to Prosecute Defaulters

*How We Generate N808bn in Tax Revenue Within Six Months- FIRS Boss

*FIRS Generates Taxpayers Numbers for Bank Customers

*Historical Milestone as Online Tax Payment Begins

*FIRS Seals Two Oil Companies Over $610m Tax Arrears

*Firms Owed Govt N260b in Taxes

*Tax Identification Number to Reduce Tax Evasion- FIRS Boss

*Revenue Agencies to Make Full Disclosure- Finance Minister

*FIRS Delists 2 Banks over Non-Remittance of Tax