Editorial

As governments at the three tiers continue to share more revenues from FAAC allocations, a dire crisis unfolds in the northern part of the country. Médecins Sans Frontières (MSF) has reported a dramatic rise in the number of severely malnourished children, with admissions at their facilities doubling in some areas compared to last year. This alarming situation calls into question the allocation and utilisation of Nigeria's financial resources, especially given the backdrop of opulent living among government officials and widespread corruption. The Grim Reality of Malnutrition in Northern Nigeria In Northern Nigeria, the severity of child malnutrition has reached unprecedented…
The proposal by the Federal Government to raise the national minimum wage to N62,000, amidst objections from state governors who argue they cannot afford even N60,000, highlights a critical flaw in the uniform minimum wage policy. This editorial advocates for a non-uniform minimum wage approach, taking into account each state's financial capacity and cost of living. Federal Allocation and Internally Generated Revenues Nigeria's states exhibit significant disparities in their financial capabilities. Reports indicate that Lagos State, with an internally generated revenue (IGR) of N651 billion, vastly outperforms many other states combined. Conversely, states like Bayelsa, Katsina, and Akwa Ibom struggle…
The commissioning of a N21 billion official residence for the vice president, Kashim Shettima, by President Bola Tinubu is a glaring example of government insensitivity and profligacy in the face of widespread economic hardship. At a time when the nation is grappling with a staggering poverty rate and soaring inflation, the decision to allocate such a colossal sum to an opulent project is both tone-deaf and irresponsible. According to the World Bank, Nigeria's poverty rate has surged to 46% in 2023, translating to 104 million citizens living in poverty. Compounding this dire situation, the National Bureau of Statistics (NBS) reports…
The news that the federal government will spend N5.4 trillion on petrol subsidies in 2024, despite previous denials, underscores the complexities and contradictions in the country’s fiscal policies. The government's acknowledgement, made during a presentation by the Minister of Finance Wale Edun, contradicts earlier statements by key officials, including President Bola Tinubu, who had declared an end to the subsidy regime during his inauguration in May 2023. This revelation marks a significant shift from the government’s previous stance on fuel subsidies. The administration had asserted that subsidies were removed to promote a deregulated market. The declarations by officials like Heineken…
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