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Senators have donated a sum of N74 million to support victims of the recent devastating flood that struck Maiduguri, the Borno State capital, last week. The flood, which resulted in the loss of lives and property, was caused by an overflow at the Alau Dam, located just over 10 miles south of Maiduguri. The donation
The World Bank has identified $32m in unaccounted funds in a Nigerian water sector project, raising concerns over likely embezzlement and mismanagement. According to the newly released FY2024 Sanctions System Annual Report, the Bank’s Integrity Vice Presidency (referred to as ‘INT’ in the report) flagged the discrepancies after a forensic review. The funds, intended to
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The World Bank has identified $32m in unaccounted funds in a Nigerian water sector project, raising concerns over likely embezzlement and mismanagement. According to the newly released FY2024 Sanctions System Annual Report, the Bank’s Integrity Vice Presidency (referred to as ‘INT’ in the report) flagged the discrepancies after a forensic review. The funds, intended to
Legal practitioners reflect on the tenure of the outgoing Chief Justice of Nigeria, Olukayode Ariwoola, who is set to retire…
Amid economic hardship and worsening poverty in the country, former Deputy Governor of the Central Bank of Nigeria, CBN, Kingsley Moghalu has stated that hope is not a strategy. This is even as he said that he’s hopeful about Nigeria despite sustained contemporary difficulties. Moghalu maintained that the country needed to improve state capacity for
Hardship: Hope not a strategy – Moghalu tells Tinubu’s govt
Amid economic hardship and worsening poverty in the country, former Deputy Governor of the Central Bank of Nigeria, CBN, Kingsley Moghalu has stated that hope is not a strategy.
This is even as he said that he’s hopeful about Nigeria despite sustained contemporary difficulties.
Moghalu maintained that the country needed to improve state capacity for effective governance.
According to him, Nigerians must learn to be honest with themselves and address the root causes of their problems.
In a post on his X handle on Friday, Moghalu wrote: “Despite sustained contemporary difficulties, I am hopeful about Nigeria.
“But hope is not a strategy. We need to improve state capacity for effective governance . We either fix our problems, or our problems will eventually ‘fix’ us. No alternative to a renegotiated union.
“We must learn to be honest with ourselves and address the root causes of our problems. Why ignore them, when the problem is actually quite solvable?
“The problem with continuing with this approach is that when the danger crystallizes, those who thought they were benefiting from the status quo will find that we ALL – they included- will be losers.”
Hardship: Hope not a strategy – Moghalu tells Tinubu’s govt