Nigeria’s economic mess: Road to 30trn Ways and Means probe

By securitising ways and means, rather than paying back to the CBN, the Federal Government simply places too much money in the capital market, thereby creating the availability of more funds in the economy and fuelling inflation.  The 10th National Assembly is set to investigate the Ways and Means approved by the last government as it, on Tuesday, set up an ad hoc committee, chaired by Senator Jibrin Isah (APC, Kogi East), to probe the...

Senate to probe N30trn Ways and Means secured under President Buhari

The CBN is expected to use the Ways and Means, a kind of loan facility, for financing the federal government’s budget shortfalls. The Senate has resolved to probe how former President Muhammadu Buhari‘s government got and used the N30 trillion Ways and Means loans from the Central Bank of Nigeria (CBN). This is in response to its recommendation that the federal government give priority to liquidating its N30 trillion Ways and Means liability over 40...

COVID-19: No succour in sight as IDPs wait in vain for promised palliatives

This investigation by Titilope Fadare and Majeed Bakare reveals that the outbreak of COVID-19 has brought drastic changes to the lives of peoples and nations across the world as they are forced to adapt, creating various forms of safety nets for the poor and vulnerable. This is because while many can try to navigate through current realities, the poor and vulnerable groups, especially those living with disabilities, or affected by natural disasters, armed conflicts, among...

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