Author: InvestAdvocate

Nigerians strike, protest over fuel subsidy cut

* Unions plan “indefinite” strike, mass protests * No impact on crude oil production so far * Economists say subsidy was wasteful and corrupt Thousands of Nigerians took to the streets across Africa’s top oil producing nation on Monday, launching an indefinite nationwide strike to protest against the axing of […]

We Shall Start Stoning the Economists in Official Corridors- By Reuben Abati In 2009

Just three years ago, Dr. Reuben Abati, now Special Adviser to the President on Media and Publicity, was so incensed by the so called removal of fuel subsidy that he evinced the possibility of jungle justice for proponents of the idea in the corridors of power. Today, he has changed […]

Layman Economics of Jonathan Pallatives

President Goodluck Jonathan just informed us that there will be 25% cut in BASIC salary of all political office holders. Fair enough. But Let’s analyze the entire package of a senator. Basic Salary (BS) – N2,484,245.50 million. Unfortunately there are other packages apart from basic salary which are left untouched…unchecked. […]