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May 14 -May 20, 2012
...Governors should cultivate the traditional African virtues of honesty and integrity: they should stop stealing...If they do, then would they have any need to fear the EFCC and the ICPC or, indeed, the Law and the Day of Judgment?Check our Column this week

How Govs can make states richer

  • No reason for unemployment, hunger in the states
  • No need to depend solely on FG
  • State-by-state listing of mineral deposits
By Cosmas Okocha, Jubrilu Lado & Jerome Azubuko

Nigeria continues to be subsumed by poverty and unemployment, yet abundant wealth surrounds her.
“There is no reason why Nigeria should remain poor, considering the vast mineral resources she is blessed with”, Dr Ngozi Okonjo – Iweala, Minister of Finance and Coordinating Minister for the Economy, said recently.
Investigation by FRESH FACTS shows that if her leaders were proactive, inward-looking and honest, there is no reason why the nation’s main dependence should be on crude oil which scientists say may dry up in 2051. Professor Agbaji Ogezi, geologist and head of PTDF Professorial Chair Endowment on Geology, University of Jos, recently announced that unless exploration was stepped up and new oil wells found and exploited, Nigeria’s main source of revenue, crude oil, will dry up in 40 years.

<<read more>> 

What has the RMRDC got to do with it?

The Raw Materials Research and Development Council, RMRDC, is another agency of government whose activities governors should ordinarily pay close attention to and take advantage of its work and, make more money to better the lives of their people. This can be done if they pro-actively partner the private sector and work towards the commercialization of its research findings. These raw materials are, after all in the states. The council’s mandates are to: <<read more>>

Time to exploit our underground wealth?

The table below shows the distribution of N152,745,169.59 from the Foreign Excess Crude Account being the differential between budget & actual revenue generation. The disbursement was made to the beneficiaries at the meeting of the Federation Account in March, 2012 after the meeting of the Federation Account Allocation Committee.
Despite these huge allocations to the states, governors are still unable to do much in the empowerment of their people. Is now not the time to look inwards and exploit our underground wealth?
<<read more>>

Every Nigerian state is rich

ABIA STATE
Gold
Lead/Zinc
Limestone
Oil/Gas
Salt

<<read more>>

Editorial: Scrap EFCC, ICPC? Questions for Governors

...Nigerians and Nigeria have been so hopelessly misgoverned in the past 50 years, that we do not even know the shape and colour of good governance.            ...we are glad that the DG, NOA and the DG, BPP, are thinking in tandem with us. They are patriots, even though their suggestion that public prayers be discontinued will not make the leaders of the two religions happy,                        Our National Assembly, like the presidency, is a bastion of corruption...“oversighting" is the lucrative, distractive and much-abused pastime of National Assembly members...,                                                                                                                                            Evil men hate the TRUTH. But it is the TRUTH that can set our nation free...

...Governors should cultivate the traditional African virtues of honesty and integrity:
they should stop stealing...If they do, then would they have any need to fear the EFCC
and the ICPC or, indeed, the Law and the Day of Judgment?

 <<read more>>

PLACES:
Greatest palaces around the world
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Blenheim Palace, Oxfordshire, United Kingdom
     FOREIGN

South Sudan accuses Khartoum of bombing its territory

Congo arms cache found on 'Terminator' Ntaganda's farm
    Events

Pension scam: Ex-director granted bail
Former Director of Pension office and ex-PDP governorship aspirant in Kogi state, Dr. Sanni Shuaibu who was arraigned with four others by the Economic and Financial Crimes Comission(EFCC), before Justice Adamu Bello over the charge of fraud, conspiracy to commit fraud and concealing the illicit origin of N439million stolen pension funds, was granted a N50million bail with one surety by justice Adamu of the Federal High Court, Abuja,               
<<read more>>

       BUSINESS
 

FMBN clears pension arrears of N364m By Nafisat Makinde

Global fund gets $1.6bn for projects Stories by Nat Amogu

 
    MARITIME
  Cabotage Act review: Foreign ship owners lobby NIMASA, others Stories by Richards Adeniyi
Delta Shippers Association urges FG to dredge lower Niger River  By Francis Sadhere, WARRI

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