Yushau A. Shuaib: January 2012

Nigeria Judiciary! A court clear ex-speaker Dimeji Bankole of misappropriating N40bn. Lest we forget: http://ping.fm/Ur6lF

Must Al- Mustafha die after all the years in detention in a seeming political trial? A piece in 2007: http://ping.fm/im3vw

Christian leaders disagree with Oritsejafor over IGP. They say new police IG, MD Abubakar was unbiased, professional during Jos crisis in 2001. http://ping.fm/9EIHI

Gwarinpa collapsed building rescue operation completed with 2 Death, 5 rescued as NEMA recommends punishments for offenders: http://ping.fm/6B3Cs

NEMA has been at a collapsed building in Gwarinpa, Abuja since 11 am today. One died, 5 serious injured. Operation continues. http://ping.fm/63hxl

When genuine Generals battle to defend Nigeria, I doubt further existence of any militant from Boko Haram, N/Delta, OPC, MASSOB etc: http://ping.fm/bICAj

Why attacks: Cos of name or Imam father or for protecting so-called settlers & indigines in crisis city? Enter Ag. IG MD Abu? http://ping.fm/BfRdk Lets be serious at least to protect this country

Boko Haram hates education but doesnt bomb schools, claims to be Muslim but kill more Muslims in Borno, Yobe & Kano. Who are they really? http://ping.fm/GHV0d

[News Update] Igbo-N/Delta Versus Arewa-Yoruba and How They Share Billions from FAAC

Latest from factual, authoritative and accessible economic magazine, the Economic Confidential. You can also join us on the Facebook http://www.facebook.com/economicconfidential and http://www.facebook.com/economicmagazine and Twitter : http://twitter.com/economicng

Igbo-Niger Delta versus Arewa-Yoruba on Fuel Subsidy: On Whose Interest?
At a period Nigerians from different ethnic groups and religious backgrounds were united in a nationwide protest against fuel subsidy removal and corrupt practices in the oil sector some ethnic groups and regional leaders were beating the drums for sectarian battle against other sections of Nigeria. Read: http://economicconfidential.net/new/features/895-igbo-niger-delta-versus-arewa-yoruba-on-fuel-subsidy-on-whose-interest

Nigeria: A Nation of Strong Believers - By Bishop Mathew Kukah of Sokoto Diocese
"A Christian woman went to her own parish Church in Bauchi and tried to set it ablaze... a man alleged to be a Christian, dressed as a Muslim, went to burn down a Church in Bayelsa. In Plateau State, a man purported to be a Christian was arrested while trying to bomb a Church. Armed men gunned down a group of Christians meeting in a Church and now it turned out that those who have been arrested and are under interrogation are in fact not Muslims and that the story is more of an internal crisis. In Zamfara State, 19 Muslims were killed. After investigation it was discovered that those who killed them were not Christians." Read the full text of Kukah on religious tolerance and peaceful coexistence in Nigeria here: http://economicconfidential.net/new/features/893-nigeria-a-nation-of-strong-believers

Budget 2012 - Broke country, Expensive Leaders- By Nasir Elrufai
The attempt by President Jonathan to withdraw the 'fuel subsidy' largely to raise revenues for a wasteful government united Nigerians across ethnic, religious and social strata for over a week.
One of the unintended consequences of the administration's unilateral action was bringing to the front-burner questions about the size of government, the excessive cost of governance, and the fraud and corruption in the oil sector.Read: http://economicconfidential.net/new/features/894-budget-2012-broke-country-expensive-leaders

Excess Crude: How They Share N143.6bn in December 2011
The table of the distribution of N143.6bn from Foreign Excess Crude savings account shared to tiers of government in December, 2011 where Akwa Ibom received N6.8bn, Rivers N6.2bn, Bayelsa N4.5bn, Gombe N1.2bn, Nasarawa N1.1bn, Ebonyi N1.1bn and Ekiti N1.2bn. See the full table: http://economicconfidential.net/new/financial/facts-a-figures/890-excess-crude-how-they-share-n1436bn-in-december-2011

Federation Account: How They Share N783bn in December 2011
The figure of distribution of 783bn from the statutory and VAT allocations shared to tiers of government in December 2011 where Akwa Ibom received N17bn, Rivers N16.4bn, Delta 14bn, Nasarawa N3.8bn, Ebonyi N3.5bn and Ekiti N3.9bn. See the full detail what Customs, FIRS and FG and other states also got from: http://economicconfidential.net/new/financial/facts-a-figures/889-federation-account-how-they-share-n783bn-in-december-2011-

Confessions of Hardliners on Fuel Subsidy Removal
President Jonathan should summon the courage to fight and punish corrupt criminals looting the system through the so-called fuel subsidy and attend to genuine advice from patriotic Nigerians rather than listening to singsongs from ethnic jingoists using his name to create divisions and disharmony in the polity. Though sectional leaders have the right to prove their love for their 'son-of-the soil' but Goodluck Jonathan is not a tribal leader but a Nigeria's President.Read: http://economicconfidential.net/new/features/892-confessions-of-hardliners-on-fuel-subsidy-removal

Oil subsidy, Government & Labour unions - The sweet-bitter pill.
The furore that has been ongoing about the removal of subsidy has shown the dogmatism, hypocrisy and inability of the key players and so-called stake-holders to articulate the key facts of the situation and proffer a solution. I will not elaborate on the various arguments proffered for and against the removal. And indeed, some of these arguments from both ends of the argument are quite valid.However, I will just enumerate my views on the facts as follows:Read: http://economicconfidential.net/new/features/891-oil-subsidy-government-a-labour-unions-the-sweet-bitter-pill

Nigeria Or President Jonathan's Cabal? By Leonard Karshima Shilgba, PhD
On January 8, 2012, I watched live as Prophet TB Joshua warned President Jonathan to allow Nigerians to talk some more about fuel subsidy rather than go ahead with removal of the subsidy, for which organized labor and civil society had called out Nigerians for mass action that was to commence the following day Monday, January 9, 2012. Read: http://economicconfidential.net/new/features

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killers in Kano bomb blast couldnt have religion or ethnicity as motives as majority of victims are Muslims. Who are they really? http://ping.fm/Dkkna

[News Update] Finally Facts and Lies over Fuel Subsidy Removal and Sanusi's Attacks Vs Attackers

Latest from factual, authoritative and accessible economic magazine, the Economic Confidential. You can also join us on the Facebook http://www.facebook.com/economicconfidential and http://www.facebook.com/economicmagazine

The 7 Hardliners behind Fuel Subsidy Removal

The Economic Confidential, in this report, presents the fallouts of the investigations carried out by its reporters on subsidy removal. Here are arguments of the major campaigners and hardliners who are promoting and supporting the removal of the fuel subsidy. Read: http://economicconfidential.net/new/news/national-news/867-the-7-hardliners-behind-fuel-subsidy-removal

Economic Confidential @5: Thanking You All
The Economic Confidential wishes to express its sincere appreciation to all its readers within and outside Nigeria for their loyalty over the past five years as we celebrate our fifth year in the practice of factual, authoritative and accessible journalism. Our readership cuts across all sectors of Nigeria as exemplified from the huge congratulatory messages and comments we received from our readers and stakeholder through social media, emails, direct mails, text messages and phone calls. While we could not publish all the goodwill messages, some of the encouraging comments are on this page: http://economicconfidential.net/new/component/content/article/886-economic-confidential-5-thanking-you-all

Where I Stand on Fuel Subsidy- By Sanusi Lamido Sanusi

This is an email response of Sanusi Lamido Sanusi to selected online groups, including the Economic Confidential over the removal of fuel subsidy. Some selected rejoinders and reactions to his position as well as similar incisive articles on the issue are also accessible from the Features column of this online publication. He also responds to those attacking his person and family. http://economicconfidential.net/new/features/881-where-i-stand-on-fuel-subsidy-by-sanusi-lamido-sanusi

Facts and Nagging Questions on Fuel-Subsidy Removal-By Professor Mobolaji Aluko

The recent abrupt subsidy removal, now increasingly dubbed deregulation in the downstream petroleum industry, is posing new challenges both to the Nigerian citizenry (in terms of direct increase in fuel price and of other essentials due to the impact of the petrol "macroproduct") and to the Federal Government (in terms of protests from various sectors of civil society). Read the facts and figures: http://economicconfidential.net/new/features/885-facts-and-nagging-questions-on-fuel-subsidy-removal

Labour Strikes: Expect Many More, Unless …!
It would be mischief on the part of this column if we subscribed to the bandwagon of elitist Nigerians whose stock in trade is the creation of false hope of a better year ahead at the end of every dismal year.Read: http://economicconfidential.net/new/features/884-labour-strikes-expect-many-more-unless-

The Real Cost Of Nigeria Petrol
On December 10, 2011, if you stopped at the Mobil filling station on Old Aba Road in Port Harcourt, you would be able to buy a litre of petrol for 65 naira or $1.66 per gallon at an exchange rate of $1/N157 and 4 litres per gallon. This is the official price. The government claims that this price would have been subsidized at N73/litre and that the true price of a litre of petrol in Port Harcourt is N138/litre or $3.52 per gallon.Get full detail on the fact from an academic that knows more: http://economicconfidential.net/new/features/883-the-real-cost-of-nigeria-petrol

IBB's Position on the Removal of Fuel Subsidy and Other Matters
Events happening in the country in recent times have once again called for serious concern by all Nigerians in view of our peculiar history, political orientation and the dynamics of our federation.Read the full text of Former President Ibrahim Badamasi Babangida on the removal of fuel subsidy and the security situation in Nigeria.Read: http://economicconfidential.net/new/features/875-ibbs-position-on-the-removal-of-fuel-subsidy-and-other-matters

Re: Where I Stand on Fuel Subsidy- Reaction to Sanusi Lamido Sanusi By Dr. Ola Kassim
Mr. Sanusi's arguments in favour of the removal of the subsidy are as cogent as they are clear to understand, considering he has not employed any economic jargons in his discourse.Read more: http://economicconfidential.net/new/features/879-re-where-i-stand-on-fuel-subsidy-reaction-to-sanusi-lamido-sanusi

Re: Where I Stand on Fuel Subsidy -An Online Reaction to Sanusi Lamido Sanusi By Ibrahim Sanyi-Sanyi
Malam SLS, Thanks for taking out time to share your thoughts on fuel subsidy removal policy of the FG. I have some inputs to make and questions to ask... Did Nigeria sell PMS at regulated price? What happened to N1.2 trillion subsidy said to be paid to jerk up the pump price to arrive at the 'landing cost'? Isn't the landing cost supposed to be 'market' price of the product? Why can't the subsidy model for imported PMS be adapted to suit the 'locally refined' petrol? Read: http://economicconfidential.net/new/features/880-re-where-i-stand-on-fuel-subsidy-an-online-reaction-to-sanusi-lamido-sanusi

Lies About Fuel Subsidy RemovalBy Leonard Karshima Shilgba, PhD
I urgently appeal to Nigerian labor, organized civil society, national assembly, and indeed all Nigerians to listen to me. I request Nigerians who either have agreed or are considering agreeing with government's arguments on the benefits of removal of fuel subsidy to please give me some attention.Read more: http://economicconfidential.net/new/features/882-lies-about-fuel-subsidy-removal

Fuel Subsidy: Sanusi Lamido, Please Stay Off Debate By Dr. Aliyu U. Tilde
It is difficult to justify the removal of this subsidy. Personally, i believe that the Nigerian government can afford the 220billion or so required to sustain it on behalf of its people. That is just about $1.4 billion or less, just a fraction of the commission (or earnings) it makes from oil companies annually. That the amount has reached over a trillion naira is not our fault, but that of the government that deliberately fails to carry out its responsibility of checkmating them.Read more: http://economicconfidential.net/new/features/878-fuel-subsidy-sanusi-lamido-please-stay-off-debate

Fuel Subsidy Pallatives and Past Rhetoric on Debt Relief in 2005
Similar promises were made in 2005 over debt relief as the administration of President Goodluck Jonathan has now listed a number of palliatives to cushion the harsh impacts of the fuel subsidy withdrawal on citizens. Some of the palliatives of Jonathan's team, the Economic Confidential was told, include delivery of mass transit buses, completion and rehabilitation of rail services, refineries, key federal highways, hydro stations, information technology and water. Read the praises and promises then on Debt Relief palliatives in 2005.Read: http://economicconfidential.net/new/news/national-news/888-fuel-subsidy-pallatives-and-past-rhetoric-on-debt-relief-in-2005

Why Fuel Subsidy Removal is Necessary- President Goodluck Jonathan
The full text of Speech of Presidet Goodluck Ebele Jonathan over the removal of fuel subsidy. "I had cause to address Nigerians on the security challenges we are facing in parts of the country, which necessitated the declaration of a state of emergency in 15 Local Government Areas in four states of the Federation."... Read more: http://economicconfidential.net/new/news/national-news/876-why-fuel-subsidy-removal-is-necessary-presdident-goodluck-jonathan

In Nigeria, Boko Haram Is Not the Problem- American Professor
Since the May inauguration of President Goodluck Jonathan, a Christian from the Niger Delta in the country's south, Boko Haram has been blamed for virtually every outbreak of violence in Nigeria.But the news media and American policy makers are chasing an elusive and ill-defined threat; there is no proof that a well-organized, ideologically coherent terrorist group called Boko Haram even exists today. Evidence suggests instead that, while the original core of the group remains active, criminal gangs have adopted the name Boko Haram to claim responsibility for attacks when it suits them. Read more: http://economicconfidential.net/new/features/865-jean-herskovits

A Former Minister's Piece on Resource Allocation and Economic Potentials in the North
Agreed, the 1963 constitution advocated, provided for and applied the principle of Derivation. Its insertion must be informed then by the period of learning and gaining experience of living together and perhaps the desire to lay a solid foundation for the Unity in Diversity. Even at that, the Northern part of the country was giving money to help its sister regions to balance their budget. Aware of the paucity of resources of the Niger-Delta, the then Federal Government under Sir Abubakar Tafawa Balewa, set up the Niger-Delta Development Commission (NDDC). The initial oil development industry was funded by the resources from the "Arid North"... Read the piece of former Agric Minister on the above: http://economicconfidential.net/new/features/872-resource-allocation-and-economic-potentials-in-the-north

Still on Agricultural Potentials from Oil Revenue
Prior to the discovery of crude oil at Oloibiri Oilfield in Niger Delta in 1956, Nigeria had showed a remarkable record as one of the major exporters of agricultural produce across African continent. The nation witnessed a new era of socio-economic tardiness after the take-off of oil exportation in 1960s.Read more: http://economicconfidential.net/new/features/871-still-on-agricultural-potentials-from-oil-revenue

Gimba Kumo: A Mortgage Banker's Dream for Affordable Houses
Since his appointment as the Managing Director, Federal Mortgage Bank of Nigeria (FMBN) Gimba Ya'u Kumo has been actively engaged in ensuring that Nigerians derive optimum benefits from the mortgage institutions in country. He was at the National Assembly, Abuja where he implored the lower House to enact necessary legislations and laws that would facilitate the creation of mortgages that could consequently increase the rate of housing delivery in the country. Read his profile: http://economicconfidential.net/new/component/content/article/866-gimba-kumo-a-mortgage-bankers-dream-for-affordable-houses

PenCom tasks bureaux to report defaulting States, LG
As part of efforts to ensure the success of contributory pension scheme in Nigeria, the National Pension Commission (PenCom) has mandated the State Pension Bureaux to report to the commission, should any State or Local Government fail to remit pension contributions on behalf of their employees.Read: http://economicconfidential.net/new/news/state-news/869-pencom-tasks-bureaux-to-report-defaulting-states-lg

NEMA: Disaster situations in 2011 and beyond
The year 2011 wrapped up on disastrous note with the occurrences of separate deadly explosions on Christmas morning that claimed many lives in Madala, near Abuja and Damaturu in Yobe State.Black curtain drew over the grim year which had earlier dawned with similar explosive situations at the Mummy market of Mogadishu Cantonment, Abuja and in Jos, Plateau State as well as several other disasters in-between to make it one of the most challenging in recent time. The blasts at the Mogadishu Cantonment actually occurred on the eve of the 2011, taking the people by surprise and raising fears about the future. Read more: http://economicconfidential.net/new/news/national-news/887-nema-disaster-situations-in-2011-and-beyond

NDIC Launches Special Help Desk for Microfinance Banks
The Nigeria Deposit Insurance Corporation (NDIC) has established a Special Help Desk for depositors, employees, shareholders and other stakeholders of microfinance banks (MFBs) and primary Mortgage institutions (PMIs) in Nigeria.Read: http://economicconfidential.net/new/financial/monetary/868-ndic-launches-special-help-desk-for-microfinance-banks

FIRS Advocates Taxation in Curriculum
Mrs. Ifueko Omoigui Okauru, the executive chairman, Federal Inland Revenue Service (FIRS) has appealed to the Federal Ministry of Education to fast track the entrenchment of taxation in the nation's education curriculum. Read: http://economicconfidential.net/new/financial/tax-matters/870-firs-advocates-taxation-in-curriculum-

Traps in Sovereign Wealth Fund
Let me state right away that I am not in favour of the establishment of the so-called Sovereign Wealth Fund (SWF). Yet, I believe in planning and saving for the future. Read http://economicconfidential.net/new/features/873-traps-in-sovereign-wealth-fund