Friday, January 18, 2019
Home Editorial

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.

Notwithstanding the 2015 pre-election, election and post-election ‘non-violence’ agreement that was witnessed with fanfare by the likes Chief Emeka Anyaoku, a former Secretary General of the Commonwealth, Kofi Anan, former United Nations Secretary General and several international bodies and observers, the spate of verbal and physical attacks between political parties and their supporters have marked the scene in the last few weeks.

The sad fact that the 30th edition of the month-long African Cup of Nations, AFCON, competition, officially kicked off on Saturday, January 17, in the Central African nation of Equatorial Guinea without three-time winners, the Super Eagles of Nigeria, in contention must be serious food for thought for football administrators in the country who must start now, early in the new year, to put machinery in motion to ensure that such a situation never recurs.

THE gruesome killing of 12 people, among them eight top journalists, including four cartoonists and Stephane Charbonnier, the editor of Paris-based French satirical newspaper, Charlie Hebdo, by two gunmen is, clearly, a condemnable assault on the freedom of the Press which must not be tolerated anywhere in the world.
We join all those who have risen in strong condemnation of the attack and hope that such a senseless attack will not befall men of the pen profession anywhere in the world again, Nigeria inclusive.

The sad fact that the 30th edition of the month-long African Cup of Nations, AFCON, competition, officially kicked off on Saturday, January 17, in the Central African nation of Equatorial Guinea without three-time winners, the Super Eagles of Nigeria, in contention must be serious food for thought for football administrators in the country who must start now, early in the new year, to put machinery in motion to ensure that such a situation never recurs.

The recent release of N213 billion to the Power Generation Companies, Gencos, by the Federal Government is a welcome and timely intervention in the operations of a sector that was already burdened by huge debts to banks and gas supply companies, but this lifeline must impact positively on power consumers across the country for the initiative to be meaningful.
The intervention has come at a time the Gencos were said to be owing banks over N250 billion and were, as a result, losing their capacity to repay or attract further loan facilities.  

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