ARTICLES
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Follies of Raising Tax Revenue
By Thompson Ayodele
This Day,
February 13, 2007
Last year, the Federal Government indicated its desire to raise the Value Added Tax (VAT). To actualise this, it forwarded to the National Assembly a Bill asking it to increase VAT currently at 5% to 10 %. Fortunately for us the Senate acting on sound economic judgement rejected the ...
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Nigeria's Struggle with Corruption
Mallam Nuhu Ribadu U.S. House of Representatives Washington, D.C.
The history of corruption in Nigeria is strongly rooted in the over 29 years ofmilitary rule, out of 46 years of her statehood since 1960. Successive military regimes subdued the rule of law, facilitated the wanton looting of the public treasury, decapitated public institutions and free speech and instituted a secret and opaque culture in the running of government business. The result was total insecurity, poor economic management, abuse of human rights, ethnic conflicts and capital flight. Democracy was restored in Nigeria only in May 1999, with the election of the civilian government under the leadership of president Olusegun.... Read More
Redefining Nigeria's Foreign Policy Priorities
By Femi Adaramola*
The cold war has come and gone but the legacies of the war remain an integral part of the domestic and foreign policies of most third world countries. Nigeria's foreign policy establishments and intelligentsias continue to behave as if we are still in the midst of the cold war with the winners and losers yet to be decided.
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When Good Intention is not just Enough
By Tunde Oladosu*
Last year, the federal government handed down a fiat to the domestic flour millers to without failing include 10% cassava content in what used to be wheat predominated flour. To this end, all the flour millers were to comply with the instruction latest by last day of the year. The move, ostensibly aims at reducing the importation of wheat, and to boost the domestic demand for cassava.
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