Legitimacy to Govern.
Every four years, we have individuals present themselves to us as candidates for a political office. Political parties field candidates and present them to the populace as qualified candidates to run a political office. But the question is what legitimate right do they have to govern the population within their domain or territory?
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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.
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
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 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
On this day in 1867, the U.S. formally takes possession of Alaska after purchasing the territory from Russia for $7.2 million, or less than two cents an acre. ($0.02 in 1867 is equivalent in purchasing power to $0.33 in 2017, a difference of $0.31 over 150 years) The Alaska purchase comprised 586,412 square miles, about twice the size of Texas, and was championed by William Henry Seward, the enthusiasticly expansionist secretary of state under President Andrew Johnson.
The news all over town, is the decision of the Oyo State Government to rebuild the demolished Music House of popular Musician, Yinka Ayefele. This came about, after a reconciliation meeting spear-headed by notable, influential citizens of Oyo State and the pictures of the meeting is all over the social media.
While it seems a good gesture from the Oyo State Government, it leaves more questions to be asked about the rational behind the demolition in the first place and more Continue reading
Over the course of the weekend, i had cause to visit my alma mata to celebrate 20 years of graduating from Secondary School. And from Thursday to Sunday, several of us, representing others who couldn’t make it gathered at Mayflower School Ikenne Remo to not only celebrate 20 years, but to give back to the school and above all honor our teachers.
