Sunday, November 18, 2018
Home Editorial

Not since the deaths of former Soviet Union leader, Boris Yeltsin and anti-apartheid icon, Nelson Mandela, in our modern times have so many world leaders gathered for the funeral of a world leader as happened for the burial of Lee Kuan Yew, former Singapore leader for over 31 years who passed on   last March, aged 91.

Assurances by Senate President, David Mark, on the resolve of the nation’s parliament to work towards the passing of the lingering Petroleum Industry Bill (PIB) is a very welcome development, coming against the background of spirited opposition by interest groups who have contrived to block the passage of a well thought-out policy that is meant to boost the revenue base of the country and better the lot of Nigerians.

As the heat of general electioneering campaigns intensified especially following the six-week postponement of the scheduled February 14 general election to March 28, a bizarre diplomatic row erupted between Nigeria and Morocco mid-March over whether or not President Goodluck Jonathan had a telephone conversation with king of Morocco, HM King Mohammed V1.

The Peace Accord signed recently in Abuja by the leadership of the 14 political parties that fielded presidential candidates in the March 28 election along with their candidates including President Goodluck Jonathan of the Peoples Democratic Party, PDP and General Muhammadu Buhari of the All Progressives Congress , APC was seen as a step in the right direction.

The drastic drop in the price of crude oil, a major source of revenue for Nigeria, has once again re-enforced the need for the country to urgently evolve an action plan for the diversification of the economy from near sole dependence on the commodity, in order to meet the ever-growing challenges of national growth and development.

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