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Since its inception in January 2007, the Economic Confidential has constantly beamed its searchlight on the economic and financial sector, focusing on the various kaleidoscope and indicators that measure the pulse of the economy and bringing these to our readers.

We undertake and employ the best tradition of journalism: objectivity, accuracy and fairness. Our editorials and reports remain Factual, Authoritative and Accessible.

 

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Nigeria Economic Regulators:

Federal Ministry of Finance (FMF)

Central Bank of Nigeria (CBN)

Federal Inland revenue Service (FIRS)

Debt Management Office (DMO)

National pencom Commission (PENCON)

Nigeria Deposit Insurance Corporation (NDIC)

Nigeria National petroleum Corporation(NNPC)

Securities and Exchange Commission(SEC)

Bureau of Public Enterprise (BPE)

Nigeria Extractive Industries Transparency Initiative (NEITI)

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*Home

 

*Mission

 

Editorial Suite

Odds against downstream deregulation - By Chijama Ogbu

 

Profile

Bar. Bello Mahmud: The New Registrar General for CAC

 

Cover

No 2nd Term for YarÁdua – Billionaire Debtors Vow

 

Facts and figures

Federation Account: How They Share N332bn in October

 

The Sharing of N27.8bn on Exchange Rate difference in October 2009

 

List of Federal Perm. Secs and their States - Non from Bayelsa

 

List of Major Debtors in Nigeria

 

Exclusive Interview

No more Needless Borrowing in Public Offices - Aliyu Yelwa, Boss of Fiscal  Commission

 

Monetary

CBN Supports Deregulation, Allows ETB to Rectify Lapses

 

Communiqué No. 66 of the Monetary Policy Committee Meeting

 

List of Major Debtors in Nigeria

 

National News

SMEDAN Advises Small Businesses on Good Idea

 

Odey Inaugurates Panel on IWMF in Niger Delta

 

Finally FG, States Share $2bn from Excess Crude Account

Honours for EFCC Boss in USA

 

State News

Kano Spends N1bn on Sports Development as Governor bagged ‘Sardauna’

 

IDB advances N3.15bn loan to KDSG as Governor Approves N18mn for Training 

 

 

ARCHIVES

Personalities/Interviews

Editorial Suite/Cover

Facts and Figures

National& States News

Mult/Business & Monetary

Features/Essays

Special Focus

January 2009 Edition

February 2009 Edition

March 2009 Edition

April 2009 Edition

May 2009 Edition

June 2009 Edition

July 2009 Edition

August 2009 Edition

September 2009 Edition

October 2009 Edition

November 2009 Edition

 

More in Archive

 
 

Economic Confidential, January, 2009

JANUARY 2009 CONTENTS

 

 

Editor’s Suite

Nigeria is a Roasted Yam…

 

Profile

Dr. Mansur Muhtar: Another First Class Finance Minister

 

Exclusive Interview

Over $100bn for Infrastructure Developments in Nigeria- DG ICRC

 

Features

Tackling Unemployment through Infrastructure Concession in Nigeria

Nigeria's department of homeland and economic security

Setting New Agenda for Science and Technology

Information Management: Between Odey and Akunyili

Thoughts on Affordable and Social Housing in Nigeria

Lessons from NigComSat and our technology policy

The Economics of Infrastructure Concession- By Salisu Suleman

 

 

Global Perspective

Bush: Farewell to legacy of ‘sorrow, tears and blood’

 

States

Kano proposes N109bn for 2009

Budget Proposals of Anambra, Gombe, Bayelsa, and Kwara

Approved Budgets of Abia, Osun, Enugu, Ondo, Lagos

Yobe needs N3.7bn to check flooding, environmental degradation

Ekiti Head of Service assures of job security

 

Facts and Figures

FEDERATION ACCOUNT:

A Detail Allocation of N495bn in December 2008

-       Statutory N389bn, Excess Crude N106bn

 

Special Focus

Kano’s Budget of Sustainable Economic Growth and Development II

Guiding Principles for Disaster Risk Reduction Strategies in Nigeria

No Chevron Tax Money was Diverted – FIRS

 

 

For the Record

The Making of Nigeria’s Budget 2009

Budget 2009: Dead on Arrival

Key Macroeconomic Developments in Nigeria

Ilorin Aviation School and Economic Development

 

National

Finally EFCC Declares El-rufai Wanted

How National Awardee Defrauds Nigerians of N700m

EFCC on Revenge Mission?

Niger Bridge Won't Collapse-NEMA

 

Editor’s Suite

As the Economic Confidential celebrates its second anniversary in January 2009, we have commenced the circulation of its print edition to all the 774 local government councils in Nigeria to make it truly accessible. We have been encouraged by the supports and encouragement of our patrons, advertisers, subscribers and readers to embark on this new frontier… Read

 

Dr. Mansur Muhtar: Another First Class Finance Minister

The new Minister of Finance, Dr. Mansur Muhtar was in the team of technocrats who negotiated the exit of Nigeria from emasculated foreign debts from multilateral institutions… He obtained First Class in B.Sc. Economics from Ahmadu Bello University, Zaria and passed with Distinction in postgraduate programme (M.Phil), Economics and Politics of Development from University of Cambridge United Kingdom. He also holds Ph.d. in Economic from University of Sussex…. Read

 

EXCLUSIVE INTERVIEW: Over $100bn for Infrastructure Developments in Nigeria- DG ICRC

Engineer Mansur Ahmed is the Director General of the newly inaugurated Infrastructure Concession Regulatory Commission ICRC. Before his new appointment he had served as Director General/Chief Executive Officer of the Nigerian Economic Summit Group (NESG) since 2004 where he became a great advocate for public private partnership toward revitalization of the economy. He believes neither the public institution nor the private sector can solely shoulder the responsibility of providing the required infrastructures for a teeming populace like Nigeria. In this exclusive interview granted to the Economic Confidential he bares his mind on the newly inaugurated Infrastructure Concession Regulatory Commission (ICRC) and expectations… Read

 

Bush: Farewell to legacy of ‘sorrow, tears and blood’

Today, few days to inaugurating the new President elect Barrack Obama the world is far from being a better place. As I am talking to you, an all out war is going on in Palestine where we are witnessing the 20th century Holocaust – a victim turned oppressor. Even Iraq, where we are told the country is free from the clutches of a despot, the country was better of during Saddam than during the time of American imposed government of Nouri Elmaliky… Read

 

FEDERATION ACCOUNT: A Detail Allocation of N495bn in December 2008 -       Statutory N389bn, Excess Crude N106bn

From documents obtained by Nigeria’s economic journal, the Economic Confidential, the highest recipients are mostly oil producing states of Rivers which receives N15.5bn, Akwa Ibom N11.2bn, Delta N8.2bn, Bayelsa N7bn and Ondo N5bn. The lowest recipients with less thanN3bn in the table are Ekiti N1.3bn, Nasarawa N2.5bn, Gombe N2.5bn and Ebonyi N2.9bn… Read

 

Kano’s Budget of Sustainable Economic Growth and Development II

The total size of the proposed Budget of Sustainable Economic Growth and Development II is N108,731,536,152:00 made up of a recurrent expenditure of N40,442,000,940:00 and capital expenditure component of N68,289,535,212:00. The recurrent size of the budget is made up of N20,407,564,988:00 of Personnel cost and N20,034,435,952:00 as Overhead cost. The proposal is expected to be funded from a total recurrent revenue receipt of N81,863,920,879:00 (Federally Collected Revenue and IGR) and capital receipts of N26,867,615,273 (Grants and Miscellaneous Capital Receipts). It is a balanced budget… Read

 

Information Management: Between Odey and Akunyili

Other sensitive ministries like that of justice, health, finance, science and technology have always had relevant professionals with requisite qualification as ministers. Since the reemergence of democratic dispensation in 1999 some of the past ministers of Federal Ministry of Information were Emeka Chikelu, a lawyer; Frank Nweke Jnr., a zoologist and John Odey a banker by qualifications… Read

 

Celebrating Shekarau as Man of the Year

By Saka Raji Audu

Born on 5th November, 1955 in Kano, Shekarau acquired both Islamic and Western knowledge, graduating into seasoned administrator, civil servant and a well thoughtful teacher of all times. By dint of hard work, patience and perseverance, Malam Shekarau went through the various rudiment of his life... Read

 

 

 

 

 

   

SPECIAL FOCUS

List of Major Debtors in Nigeria

 

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

 

NEMA@10: The Story So Far

 

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

 

FEATURES

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

* 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