Economic Confidential

Nigeria Losing $8bn in Tourism Revenue – RenCap

The Global Chief Economist, Renaissance Capital, Mr. Charles Robertson, says Nigeria is losing at least $8bn in tourism receipts. Robertson, who stated this in an emailed note, stressed the need for improvements in airport quality and visa policy. He said, “Why...

$35bn Spent on Fuel Subsidy in Five Years – Ex-NNPC Director

Nigeria spent an estimated $35bn as subsidy on petroleum products out of the $300bn earned from crude oil from 2010 and 2014, a former Acting Group Executive Director of the Nigerian National Petroleum Corporation, Dr. Tim Okon, has said. This...

CRYPTOCURRENCY: OneCoin Goldmine

There is an opportunity that is the 7th disruption of the world. It is poised to create the next set of billionaires in the world. Disruption here refers to a change in global lifestyle as a result of a new...

NACTEST: Osinbajo and Counter-Insurgency Campaigns

  NACTEST Osinbajo and the Revised Counter-Insurgency Campaign By Yushau A. Shuaib The Vice President of Federal Republic of Nigeria is not just an ordinary person. Professor Yemi Osinbajo is an accomplished scholar, award-winning legal practitioner, a respected Church Pastor and man...

AHMED IDRIS: Moving Beyond the Rhetoric of Transparency and Accountability

As far back as 350 BC, the importance of transparency and accountability in the management of the public finance has been put to the fore. Aristotle in one of his classics, “The Politics” underscored the importance of these principles...

FAAC Distributes N493.8 Billion in August

The Federation Account Allocation Committee (FAAC) shared the sum of N493.8 billion among the three tiers of government in August, this year being the statutory allocation for the month of July. The distributable monthly allocation slightly decreased below N559 billion...
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