Comment & Analysis



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    The Next CBN Governor: Whom Does the Cap Fit?

    Mallam Sanusi Lamido Sanusi whose five-year term as governor of the Central Bank of Nigeria (CBN) terminates May 31, 2014 has served an exit notice. Sanusi had at a number of fora said that he would not seek a second term as CBN governor. This leaves President Goodluck Jonathan with the task of looking for a suitable successor to Sanusi. If the search for a suitable governor for the Bank of England could take the British Prime Minister, David Cameron, to far away Canada, we can bet that the search for a new CBN governor must be a daunting task for President Jonathan.

    A Revolution Foretold

    Olusegun Obasanjo, former president of Nigeria had warned recently that the high rate of graduate unemployment in the country could spark a revolution someday. To be sure, that was a clear case of right message, wrong messenger.

    There are two levels from which we can view the State pardon.

    Introduction

    The granting of state pardon to eight Nigerians who have hitherto been generally regarded as ex-convicts by President Goodluck Jonathan through the institution of National Council of State three weeks ago set the polity aglow with controversy, nay sharp criticisms against the President.

    Tokunboism: Descent to Underdevelopment?

    Time was in Nigeria when second hand (used, whether fairly or not) items were anathema to majority of the populace. People using them were more often than not treated with contempt. A child putting on, for example, a used cloth usually attracted derisive comments from peers and turned into butt of taunts and unbridled ridicule. A fresh graduate then would not think of working for about five years before buying a fairly used vehicle (aka Tokunbo vehicle). He had a brand new one waiting for him on taking up an appointment! The issue then was what brand of vehicle to take and not whether it was new or fairly used.

    Eko Atlantic City let thy kingdom come!

    Nigeria today presents test ground for numerous conjectures.   There have been many frightening interpretations of happenings in our nation, almost foreboding an inevitable catastrophe.
    The reasons for such fears are natural. Security incidents and upscale ethnic-inspired violence are common signs of weak cohesive strengths, if not breakdowns.

    The Expected Project Facilities

    The Port complex was planned to have the following port and ancillary facilities: a break-water inland labour or other structures designed to provide protection against swell from the Atlantic Ocean; a linear quay measuring 1750 meters; a 400x 1600 meters container yard; an appropriate number of gantry cranes and other equipment for container handling; adequate storage and gate facilities; administrative and operations buildings and support infrastructure; good quality access to interstate highways.

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