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Showing posts from August, 2020

TACKLING DIVERSION BY REVENUE GENERATING AGENCIES

  The situation at the Department of Petroleum Resources (DPR), as reflected in its recent presentation to the Senate’s Joint Committee on Finance and Planning, represents the corruption, mismanagement and ineptitude in virtually all federal revenue-generating agencies. The DPR, one of the agencies that have failed to remit good money to the Federation Account as expected, was queried by the Senate for sending a meagre N44.5 billion into the Consolidated Revenue Fund out of the N2.4 trillion it generated in 2019. The situation at the DPR is mind-boggling . The agency’s Head of Planning, Mr. Johnson Ajewole, who stood in for his DG, Sarki Auwalu, during the enquiry at the Senate, confirmed the frightening gap between what was realised and what they remitted. The DPR management deducted N88 billion from the N2.4 trillion generated last year as 4 per cent approved collection fee. A monstrous N88 billion as cost of collection in one year? I wonder who approved this. The DPR could not e...

VISIT NIGERIA, AFRICA'S HOME OF TOURISM

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WHY WE SHOULD INVEST IN CRYPTOCURRENCIES

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  Having emerged as a digital alternative to more traditional methods of exchange like cash or credit cards, cryptographic or cryptocurrencies have also generated alternative points of view. On the one hand, there’s the school of thought which sees cryptocurrencies as a financial medium for  fraudsters, terrorists, and criminals  – especially given their involvement in ransomware scams, and in trading on the Dark Web. On the other hand, recent upsurges in the value of Bitcoin have established cryptocurrency as a viable investment which – with the positive hype surrounding the blockchain technology that backs it up – can have a positive impact on the wallets and trading practices of mainstream investors, worldwide. In this article, we’ll be looking at the more positive aspects and  advantages of cryptocurrency , and considering the plus points that make it a workable alternative to more established forms of financial trade. Advantages of Cryptocurrency 1. Transactions...

NOW THAT NIGERIA IS POLIO FREE

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Poliomyelitis is an infectious disease caused by the polio virus. it literally causes the muscles weakness and in most times results in inability of victims most especially young people to walk. For decades, Nigeria and the rest of Africa have battled this disease without and in sight. This is partly due to the expletive tendencies of our health policies in solving our health challenges.    It would be fiendish and illogical if we blame government and her institutions alone for the endemic polio disease that has ravaged  our country in years and negatively swayed the future of millions of kids notably in Northern Nigeria. According to the   International Federation of Red Cross and Red Crescent Societies,  Nigeria’s northern states are the last reservoir of naturally occurring wild polio virus in Africa.  The states of Borno, Adamawa, Yobe, Kaduna, Kano and Katsina, are especially at high risk, mainly due to the mobile nature of the population. This me...