How Not to Kill the ‘Hustle’ of Nigerians, By Simon Kolawole

Do you know how many bakeries I have shut down today? That was the sadistic boast of an official of the National Agency for Food and Drug Administration and Control (NAFDAC) on an “inspection” visit to a bakery in the Federal Capital Territory (FCT) some years ago. To her, it is a lifetime achievement to […]

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Yoruba Muslims and the Fifth Columnists, By Simon Kolawole

A Yoruba Muslim engineer recently alleged that because of his Islamic faith, he was denied a job by Femi Osibona, the real estate tycoon behind the collapsed 21-storey building. Since then, there has been an intense debate over allegations of pervasive discrimination against Yoruba Muslims by their Christian kith and kin. I, however, find it […]

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The Naira and Its Many Enemies, By Simon Kolawole

When you sow the wind, you reap the whirlwind. This always comes to mind anytime there is an outbreak of debate over the naira. It is a discussion we have been having since, I think, 1986 when Gen Ibrahim Babangida, then military president, launched the structural adjustment programme (SAP) essentially to develop the non-oil sectors. […]

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Devaluation is Grossly Overrated, By Simon Kolawole

On Monday, Vice-President Yemi Osinbajo might have made his boldest pitch yet for his expected presidential bid in 2023. Speaking at the administration’s midterm retreat — with President Muhammadu Buhari and Mr Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), in the room — Osinbajo appeared to have broken ranks with the […]

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The Trouble with Revenue Allocation, By Simon Kolawole

As we speak, the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) — set up in 1989 to, among other functions, “review, from time to time, the revenue allocation formulae and principles in operation to ensure conformity with changing realities” — is consulting round the country to do a tough job: review the revenue allocation formula. […]

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Romancing the Frankenstein’s Monsters, By Simon Kolawole

The brutal murder of Dr Chike Akunyili by the so-called “unknown gunmen” — I call them “the Boko Haram of the south-east” — has torn my heart to pieces. I was an associate member of the Akunyili family, having related closely with his wife, Prof Dora Nkem Akunyili, who did an amazing job as director-general […]

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Public Officers as Ethnic Champions, By Simon Kolawole

My decision to vote for Candidate Olusegun Obasanjo in the 1999 presidential election was influenced by many factors, one of which was his acceptability across regions and religions. Here was a southerner acceptable to northerners, a Yoruba acceptable to Hausa-Fulani and Igbo, a Christian acceptable to Muslims, and a civilian acceptable to the military. Although […]

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The Fallacy of Ethnic Homogeneity, By Simon Kolawole

At the centre of separatist campaigns in Nigeria, and possibly around the world, is the desire to have “homogenous” nations, or nations where an ethnic group is overwhelmingly in the majority, thereby leaving little room for rivalry, conflict and instability. When an ethnic group is overwhelmingly dominant in a country, the tendency for ethnic conflicts […]

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PIA and the Triumph of Mischief, By Simon Kolawole

Have you heard the news? The Petroleum Industry Act (PIA) signed by President Muhammadu Buhari is the most anti-Niger Delta legislation in history, conceived and designed to further exploit the oil-producing region in favour of the north. How can PIA allocate a mere 3% to host communities while giving a whopping 30% of the profit […]

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Dear God, Let Oil Price Fall to $44, By Simon Kolawole

If you think this is a satire, then you are taking life too seriously. It is time to start thinking about unusual solutions to Nigeria’s unusual problems. There is no use following the regular route to address our irregular situation. For instance, conventional wisdom says Nigeria needs higher oil prices to address its cyclical budgetary […]

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