Late President Umar Musa Yar’Adua dreamt of fixing Nigeria’s power and energy sector by 2020.
Elected in 2007, Mr Yar’Adua planned to carry out infrastructural and institutional reforms in the sector but died three years into his tenure in 2010. However, 11 years after his death, Nigeria is still grappling with erratic power supply.
“In the first six months, it will be power and energy. That is what is so critical, and I have said publicly that I will declare the sector a national emergency because almost all the other sectors of our economic and social life, in trying to develop a modern nation, depend on it,” the late president said in an interview with The News shortly after his victory at the poll.
Poor electric power generation: Audit operations of NDPHC s Mgt- Stakeholders vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.
Does Privatisation Serve the Public Interest?, By Eric Teniola
The privatisation programme was just an opportunity by government to allow very few individuals to buy our common wealth at give away prices. Some of these companies privatised were established through loans procured by the central government on behalf of the people of Nigeria, and it is the people of Nigeria who will have to repay the loans. Of what benefit has this privatisation programme been to the people of Nigeria and what impact?
Between 1988 and 1993, Alhaji Hamzat Rafindandi Zayyad (1937-2002) dominated the headlines in this country. He was in the news not because he was the first chartered accountant from the old northern Nigeria. He became an accountant in 1963. He was in the news not because he was a mentor and godfather to many public officers, especially from northern states, including the current governor of Kaduna State, Mallam Nasir El-Rufai, a surveyor, who has been elected twice now.
IFLR podcast: in conversation with Olaniwun Ajayi
The winners of Most Innovative Nigerian Law Firm of the Year in 2020 discuss some of last year’s ground-breaking work and what lies ahead in the capital markets, power sector, telecoms and more March 11 2021
In the latest instalment of our podcast, IFLR speaks with Nigerian law firm partners Olaniwun Ajayi, Muyiwa Balogun, Yewande Senbore and Ibi Ogunbiyi.
Olaniwun Ajayi was named Nigerian Law Firm of the Year in IFLR’s inaugural Africa Awards. This award came off the back of its innovative work on several pioneering transactions.
One particularly notable deal was the initial public offering (IPO) of telecoms company Airtel. The IPO raised several first-of-its-kind challenges and was a huge milestone in the Nigerian capital markets. As Yewande Senbore explains, the listing was the first foreign inward IPO in Nigeria and the first to be executed in parallel with a capital raise on a second market (L