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Odds against downstream deregulation - By Chijama Ogbu

 

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Bar. Bello Mahmud: The New Registrar General for CAC

 

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No 2nd Term for YarÁdua – Billionaire Debtors Vow

 

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Federation Account: How They Share N332bn in October

 

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

 

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List of Major Debtors in Nigeria

 

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

 

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Communiqué No. 66 of the Monetary Policy Committee Meeting

 

List of Major Debtors in Nigeria

 

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Odey Inaugurates Panel on IWMF in Niger Delta

 

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

Honours for EFCC Boss in USA

 

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

 

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

 

 

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Economic Confidential, March 2008

OPINION

 

NOI-Gallup Polls: Nigerians Want Power And Jobs

79 % of Nigerians Don’t Know The Yar’adua Seven Point Agenda

For the second year running, Nigerians have asked the federal government to put the improvement of the nation’s epileptic electricity supply and job creation at the very top of its policy priorities. This was one of the key findings of the latest NOI-GALLUP Polls whose results were released in February 2008.

NOI Polls is a Nigeria-based opinion research organisation that works in partnership with Gallup Poll (USA) to conduct periodic scientific opinion polls in Nigeria. These polls survey citizens’ views, attitudes, and perceptions on a variety of social and economic issues such as governance, market trends, management of the economy, health and welfare, and the performance of government and private sector institutions.

In the survey of various government priorities, respondents who were selected through a scientific process of random sampling were asked the question: Which of the following is the most important issue the government should address in the next 12 months? Respondents were provided with a number of options, namely: electricity, water, road system, rail system, agriculture, education, healthcare, corruption, security, creating new jobs, and ‘other’.

Electricity was identified as the most vital national need by the greatest proportion of respondents (23%); job creation was second with 17%.

According to the findings of the survey, other areas which the administration should also give attention to are the road system (14%), education (14%) and water (11%). In the last poll, released May 2007, power and jobs were also identified as being of pre-eminent concern to majority of Nigerians.

Corruption fared poorly. It came in 6th having been identified by just 7% of Nigerians as a top priority. Given the fact that the issue has been on the front burner of national discourse for the past four years this is indeed a surprise. There are several possible ways of looking at this result. It can be interpreted as a consequence of battle fatigue, a perception that the struggle against corruption has either substantially been won or a belief that substantial progress has been made in containing it.

The rail system did even worse than corruption. Less than one percent of respondents identified it as a worthy national priority. This is likely to be a product of apathy. After so many failed starts and very little progress, Nigerians seem to have given up hope that the rail system would ever be resurrected. Security did only marginally better, voted by only 2% of respondents as top national concern.

The results also show that there exists a consensus of Nigerians across all educational levels about the importance of electricity and creating jobs. Men (at 15%) place more importance on water than women (8%). The highest support for electricity can be found in Lagos and Kano which is not surprising given that they are both industrial hubs and also large urban centres.

A related survey also found that an overwhelming 79% of Nigerians are ignorant of the economic blueprint of the Yar’adua government known as the Seven-Point Agenda. Only 15% of those polled could name at least two of them.  According to the Seven-Point Agenda, the government’s expenditure priorities are to be focused on the following areas: Power and Energy; Food Security and Agriculture; Wealth Creation and Employment; Mass Transportation; Land Reform; Security and Qualitative and Functional Education

This finding suggests that the federal government needs to do a lot more to sell its vision in order to make Nigerians full partners in its quest to raise living standards and improve the welfare of the people.

   

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