SANMI ADEKOLA BLOG

EMEFILIAN  MONETARY POLICY THROUGH NAIRA REDESIGN: A CALL FOR CELEBRATION OR CONCERN? "Some things may be right, but still wrong" - Anonymous If there is any item the Nigerian people have scored the government of the day low, it is in the area of the economy, and arguably deserved to be so, since after security of lives and property, one easy way people feel the pulse of the government in power is in their purchasing power - how much of their disposable income is enough to meet their basic needs? Since coming of age, I doubt if there is anytime the prices of goods have skyrocketed like we have in the last seven years. There has been a over 100 percent in the prices of consumer goods and luxury goods. For instance, when this government came on board, the price of a family size bread was between #150 to #200, today, same loaves of bread is being sold for #1000 to #1200. What a stagflation! Similarly, a bag of rice which used to be #18000 as at 2015, if my memor

OUR GROWING INSENSITIVITY AND RELIGION INTOLERANCE - MAKING CASE FOR APOSTLE SULEIMAN  Some days ago, it was Apostle Suleiman, it may be someone else's tomorrow but our prejudice won't allow us to see it in this light. We make light of everything and make mockery of every situation we should wholeheartedly condemned because we are not affected directly.  An authority figure (whose memory I can't recall now) said 'the death of every man diminishes me because I'm part of humanity', but in these days and age, we don't see it like that. We hardly see how interwoven and interconnected we are.  While it may even be understandable for non-christians to make a jest of men of God, but for professed christians to take upon themselves the role of the Chief judge to determine who belongs to God and who doesn't when the Holy Scripture enjoined us not to judge, for with the same measurements we judge, the same way we shall be judge.  For instance, in the parable of wh

PMB's BUDGET OF CONSOLIDATION AND TRANSITION, AND WHY YOU SHOULD CARE! Apologies to my readers, I must confess that I've not fully digested the 2023 Federal Government Budget of Consolidation and Transition as tagged by President Muhammodu Buhari in his presentation to the National Assembly last week, but one item that has generated a lot of controversy is the plan of the government to borrow more money to finance its expenditure.  According to the breakdown of the budget, the total budget is 20.5 trillion.The expected revenue is 9.7 trillion.The Government planned borrowing is 8.8 trillion. The country current debt profile is 42 trillion.Thus, if the budget is strictly adhered to, the country total debt will not be less than 50.8 trillion. The question then is if there is any reason for concerned?  The answer is both Yes and No. One of the immediate reason why we should worry is that some of the money to be borrowed is to refinance some of the previous loans borrowed. Secondl

It was Aristotle who said ' if education is expensive, try ignorance'.  Methinks,  we've settled for ignorance as a country, and as a people by our actions and inactions. For over eight months, the doors of our highest citadels of learning have been shut. The significance of this anomalies cannot be understood at the moment. One thing is cleared: education is not as important to us as we claimed it to be. To the government, there are more serious things to expend money on compared to the education of the citizens. What this means is that the government cannot see the correlation between the productivity of the Nigeria State and the education of the students. And I think, the government may be right in certain regards, but I will come back to this point later.  To the universities lecturers under the umbrella of ASUU, the lives of the students being wasted is of no concern. Their salaries and emoluments must occupy the pride of place, and who can blame them? Yoruba elders sa