G8 and Nigeria's Oil Wealth: Corruption and Wealth of a Nation
Region: Nigeriahttp://afripol.org It is all over the news that G-8 leadership gathering in Northern Ireland in June will discuss the issue of corruption in the management of Nigeria's oil wealth. The problem of corruption in Nigeria and indeed Africa is an old and tiring story not because it has lost its importance but for the fact that the level of hypocrisy associated with it, is overwhelming. Many a t... more
Views: 1569The World Economic Forum: De-Risking of Africa in Davos
Region: NigeriaWhen the first class global economists, politicos, and business leaders gathered in Davos for the World Economic Forum, the last thing they want to do was to give an impression that Africa does not belong to the elite group of world who-is-who. Sprinkles of African elites were present and there was a discussion session at Davos that was set aside for the review of Africa’s political economy. ... more
Views: 533Oscar Awards: Nollywood is Standing Tall without Nominations
Region: NigeriaA Nollywood without Oscar nominations in 2013 When Hollywood announced its 2013 Oscar Award nominations earlier this month, it was said that many Nollywood stars braved the time difference and were wide awake to hear the nomination row-call. When it came to nominations for Best Foreign Language Films, no single Nollywood or Nigerian movies were nominated. Some of the Nollywood stars were said to be little... more
Views: 1024Nigeria on becoming Top 20 economies by 2050
Region: NigeriaNigeria to be Ranked 13th among World’s Top 20 Economies by 2050, says PricewaterhouseCoopers Report. PricewaterhouseCoopers (trading as PwC), a major international accountancy and multinational professional services firm has issued a report that predicted that Nigeria will be ranked one of top 20 largest economy in the world by 2050. With a projected GDP of almost $4 trillion by 2050, 6 perc... more
Views: 1228Nigeria Economic Maturity by 2030: NIC Economic Postulation and Reality
Region: NigeriaThe United States based global economic and political intelligent agency, National Intelligence Council (NIC) recently had a radiant prediction on Nigeria’s economic prospects by 2030. According to NIC report, Nigeria and many other developing economies including Colombia, Indonesia, South Africa and Turkey will play a vital role in the global economy by the 2030 and beyond. The report also made an already... more
Views: 703Nigeria’s Wellbeing and Political Economy
Region: Nigeriahttp://afripol.org The economy of 21st century will not be plausible to dissect and analyze in the absence of politics because both politics and economic activities are entwined and reinforced each another. This is where political economy of Nigeria becomes significant due to consequential co-existence of the two enmeshed entities. Political economy is at the epicenter of state capitalism, an interaction between free ... more
Views: 1028Ifeanyi Ubah’s Capital Oil and AMCON: Renegotiate and Restructure Debt
Region: Nigeriahttp://afripol.org/ Oil business be it distribution, trading or exploration is capital intensive that requires enhanced technical know-how and optimal efficiency in management. Without tactical and strategic planning and implementation, it becomes quite easy to go into debts. The problem of debts that was accumulated by Ifeanyi Ubah and its Capital Oil is an indicative of a management lapses that can be co... more
Views: 809Nigeria: The Best and Worst living Side by Side
Region: Nigeriahttp://afripol.org/ Less than a week after Forbes Magazine chronicled the list of 40 richest Africans in which 11 of them were Nigerians; another different list emerged that was unfavourable to Nigeria. The quantification and tabulation by Forbes, maintained that Aliko Dangote was still the richest person in Africa for two consecutive years, 2011 and 2012 respectively. Many Nigerians were prob... more
Views: 1431Fareed Zakaria: Messenger of political economy speaks to Nigeria’s future
Region: Nigeriahttp://afripol.org Fareed Zakaria belongs to a class of public figures that needs no introduction in this increasingly smaller global village. But for those who are hiding under a rock and in caves, Fareed Zakaria is the United States television personality and newspaper columnist. Zakaria is the host of CNN worldwide programme, Fareed Zakaria GPS. Zakaria is an Indian immigrant to United States with a P... more
Views: 1398ECOWAS and Mali: Military Intervention should adopt Powell Doctrine
Region: Nigeriahttp://afripol.org/ The Economic Community of West African States (ECOWAS) leaders in Abuja made a resolution to militarily intervene in the Islamist stronghold of northern Mali, to liberate and stabilize the undersigned land. A stipulated contingency plan of 3200 force were assembled principally from Nigeria, Niger, Burkina Faso and non-ECOWAS countries in Africa to carry out the liberation and stabilization m... more
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