Economic

Nigeria’s “Vampire Elites, Ruling Class” In Catalogue Of Lootings Subject Nigerians To Excruciating Economic Pains, By Femi Falana, SAN

4 months ago8429 min

Globally subsidies, whether for food, transportation, energy or housing, are part of good governance. So, the issue is not subsidies but who benefit from them. In Nigeria, subsidies are primarily of the rich, by the rich and for the rich. I will highlight a few, how they are being manipulated and how huge sums of money can be recovered not just to subsidize fuel but also provide funds for development. ...

by Probitas

Data Shows Nigeria’s Fuel Imports From Malta Jumped 43 Times In 10 Years Amid NNPC Economic Sabotage Allegations By Dangote

5 months ago1214 min

Following Aliko Dangote’s allegations of illegal activities in the petroleum sector, involving blending plants in Malta, data shows that Nigeria’s oil imports from Malta have skyrocketed in recent times. According to Trade Map, a global trade statistics database, the value of Nigeria’s petroleum imports from Malta increased by 43 times over the past decade, rising from $47.5 million in 2013 to $2.08 billion in 2023. This represents a staggering 342% increase, with Nigeria...