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Federation, Confederation or What?
In the Northern region, we had the groundnut pyramids that was the hallmark of trade there with several developments and growth occurring in that region, symbolized by several institutions and in the Eastern region we had palm oil and coal, used to advance the region in terms of development and growth and symbolized by the Nnamdi Azikwe University and several institutions there. We essentially ran a federating system that ensured equity in the allocation and distribution of resources that led to equitable development of Nigeria, until the Military stepped in and introduced a Unitary system and the whole thing went south. Right now, we purportedly are running a federal system in a democratic setting, but what we run is a quasi-unitary-federal system with the states going bowl in hand to the center, Abuja to beg for allocations and the instrument of state, Continue reading
“The country was at one time very prosperous, and powerful, but there is probably no other country on this earth more torn and wasted by internal dissensions, tribal jealousies, and fratricidal feuds, a state of things which unhappily continues up to the present time.”
Dr. O Johnson, History of the Yorubas, Published 1921
This is the sad reality of our nation this day. Even though, the above quote was directed at the Yorubas as at then, it in no small measure fits into the modern reality of our beloved Nation Nigeria.
It is not far-fetched nor hearsay that our nation is on the brink of a second civil war with imminent breakup going by the various agitations all around the country and deep-seated mistrust to other ethnic groups and nationalities and amongst ethnic configuration as well.
To catch up on previous posts
Select Performance Indices of the Nigerian Capital Market (Continued)
2. Total Equity Listed
Every corporation that wants to trade in the Nigerian Capital Market, must be listed and their data and numbers reported accurately and timely as much as possible. And this process often requires an intermediary to validate and verify all equity transactions to be listed.
If all the equities to be listed are on a smart contract in a decentralized ledger system, numbers, data and information would be readily available at the speed of light. This would drive efficiency and effectiveness in the Nigerian Capital Market and boost Continue reading
To Catch up on Previous Post
The Nigerian Capital Market
“The Nigerian capital market has since been the meeting point for buyers and sellers of shares,
bonds, stocks and for the exchange of other intrinsic commodities for the purposes of raising capital for
the running the business operations…” (Praise & Maria, 2019) . The Capital Market is regarded as
the cornerstone for every financial system since it provides the much-needed funds for financing,
economic growth and government spending. This position was opined by (Nwankwo, 1991) , that
By Sanya Otuyalo
Just had the heart-breaking task of seating through my cousin’s funeral, Captain Omitola Falana. He died in active service in Katsina on the 24th of September 2020. His wife couldn’t even see his body as he was shot in the head at close range after being Continue reading
According to reports, most organizations and successful firms are owned by “whites” who employ only their own kind into management but keep “blacks” on the lower rungs of the ladder. But it’s not always the case, we have “blacks” as well in certain organizations doing well in the management level making an impact. So what is the problem again?
The news is washed with the ongoing xenophobic attacks in South Africa against Nigerians and fellow African Citizens by South African Citizens. Social media is awash with several facts, verified and unverified of Nigeria’s role in the liberation of South Africa from the throes of apartheid. And videos throng the cyberspace of Nigerians being killed, mobbed and the counter-attack by Nigerians on South African interests in Nigeria. But all these begs a question, where did things go horribly wrong? Continue reading
By Orahachi Onubedo
When corrupt politicians in the opposing party are arrested, you hear people (those in the opposition and the gullible few that follow them) say the government is harassing them.
3-4 Rehoboam assembled Jeroboam and all the people. They said to Rehoboam, “Your father made life hard for us—worked our fingers to the bone. Give us a break; lighten up on us and we’ll willingly serve you.”
5 “Give me three days to think it over, then come back,” Rehoboam said.
6 King Rehoboam talked it over with the elders who had advised his father when he was alive: “What’s your counsel? How do you suggest that I answer the people?”
By Adeolu Akinyemi
Everyday I engage with our generation and the one coming after it, I see that we are quite politically ill informed. The average young person has bought an ideology that makes them uninterested in politics. We somehow hibernate for 45 months in 4 year cycles. We become active for 3 Continue reading