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17 September 2008
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FINANCIAL SPOTLIGHTS - Archive
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2007
December
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Fiscal Responsibility – Don’t Spend Money Unless You Have It
The Fiscal Responsibility Act, signed into law recently by President Umaru Yar’Adua, has been heralded as a measure that will oblige the government to spend its money in a more responsible manner. [more] |
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October
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2008 budget promises more efficient government spending
As President Umaru Yar’Adua prepares to announce the 2008 budget, his government is hinting that it plans to spend existing departmental allocations more effectively, rather than to simply spend more money. [more] |
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NEITI Needs More Bite to Plug Leakages From Extractive Revenues
Nigeria scored a first this year in the fight for extractive revenue transparency, becoming the first country to give legal backing to this initiative, but the agency it set up must have more bite to win the war, observers have said. Part of the bite will come from a redraft of the law setting up th [more] |
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September
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What Is the Next Agenda For the Naira?
Like an ill-fated flight, the Central Bank of Nigeria’s plan to re-denominate the naira ran into stormy weather. It was aborted suddenly on presidential orders soon after take-off. Critics of CBN Governor Chukwuma Soludo say this was the inevitable end of a needless journey. But the question remains [more] |
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July
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Asset Declaration: Nigeria's Real War Against Corruption?
By publicly declaring his assets, put at N945.4m, Nigeria’s President Musa Yar’Adua has opened a new flank on the war against corruption that if sustained, could lead to significant victories and release funds for the pursuit of public purpose. But this is a big IF, say observers. [more] |
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