Skip to main content

Posts

Showing posts with the label national development

Nigerian Senators Earn N1.4 Billion Annually, Says RMAFC

 In a country where economic disparities are glaring, the earnings of public officials often come under scrutiny. Recently, the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) disclosed that Nigeria’s 109 senators collectively earn an astonishing N1.4 billion annually. This revelation has sparked widespread debate, with many questioning the appropriateness of such high earnings, particularly in a nation where poverty and unemployment rates are alarmingly high. Understanding the Numbers The RMAFC is the body tasked with determining the remuneration of public officials in Nigeria, including the President, Vice President, governors, and members of the National Assembly. According to the RMAFC’s latest report, each Nigerian senator receives approximately N13.3 million annually. This figure includes a basic salary, allowances, and other entitlements. While the basic salary may seem modest compared to global standards, it is the allowances and other benefits that significan...

Obasanjo Reveals Cabals Sabotaging Dangote Refinery: A Threat to Nigeria’s Economic Progress

 Introduction Former Nigerian President Olusegun Obasanjo has recently made a startling revelation regarding the ongoing challenges faced by the Dangote Refinery, one of the most ambitious industrial projects in Nigeria's history. According to Obasanjo, powerful cabals within the country are deliberately frustrating the refinery's progress, posing a significant threat to Nigeria’s economic future. This detailed report delves into Obasanjo's claims, the potential impact of the Dangote Refinery, and the broader implications for Nigeria's economic and political landscape. Background of the Dangote Refinery The Dangote Refinery, located in Lekki Free Trade Zone, Lagos, is poised to become Africa's largest oil refinery and the world's biggest single-train facility upon completion. With a projected capacity of 650,000 barrels per day, the refinery aims to transform Nigeria’s oil sector by reducing dependency on imported petroleum products, creating jobs, and fostering...