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There was drama of sorts at the public hearing on Finance bill on Tuesday which bordered on the constitutional mandates and extant laws on whether the ....
By Levinus Nwabughiogu-Abuja House of Representatives has said it was not favourably disposed to the bid by the Federal Government to purchase new scanners for the Nigerian Customs Service, NCS when the 22 old ones procured at the cost $120 million were lying fallow. The House said it would rather prefer that the old ones be repaired and put to use instead spending another taxpayers money. Members of the House Committee on Customs and Excise expressed the position at a public hearing, Monday, on the lack of transparency on the transfer of technical know-how from Cotecna Destination Inspection Limited, Societe Generale De Surveillance, to Nigeria Customs Service and Global Scan Systems which led to the collapse of multimillion dollar scanners at Nigeria’s Ports and Border Stations. ....
Punch Newspapers Sections Sodiq Oyeleke The Minister of Finance, Zainab Ahmed, has said the Federal Government planned to sell public assets to the private sector for the benefit of Nigerians. Speaking on Channels Television’s Sunrise Daily, Ahmed noted that assets being sold could not be managed by the government. The Minister of Budget and National Planning said some government assets are moribund and are not providing any benefit to Nigerians in their current state. She said, “There are some government assets that are dead that can be sold to the private sector to be reactivated and put to use for the benefit of Nigerians. ....
Assetsâ Stripping Beyond Idiocy Listen to article I belong to a school of thought that holds firmly to the idea that the sovereign state should be wealthy, prosperous and sustainable virtually ad-infinitum. Philosophically, the connotation and denotation of a sovereign entity conveys the immediate and empirical impression and evidence of a big institution that is wealthy enough to collectively enhance the well being and welfare of the citizenry. Part of my Ideological conviction on what a nation state should be, has found empirical anchor on what some scholars see as the meaning of the concept of sovereignty as encompassed in the encyclopaedia Britannica thus: “Sovereignty, in political theory means, the ultimate overseer, or authority, in the decision-making process of the state and in the maintenance of order. The concept of sovereignty one of the most controversial ideas in political science and international law is closely related to the difficult conce ....