Competence invaluable than zoning in Nigeria Nigeria is coming of age, part of growth and maturity is self examination. This issue of zoning in People’s Democratic Party (PDP) deserves the re-visitation and re-examination in order to determine its relevance at this present polity. The great thing about democracy is the coming together of free people with free will, thus making decisions that are binding to their vision and aspiration. Hot debate in Nigeria on this issue of zoning must be carried out in way that it promotes the ideals of the country, ultimately enhancing goodwill. This debate must be…

Nuclear energy and nuclear technology can be of great aid to Nigeria in her endeavor to supply steady, reliable and clean energy for her domestic electric consumption. Without doubt Nigeria at this stage of her industrial stage must do something about the paucity of electricity to power her industries and residential homes. Nuclear technology with its entire prospect has its challenges that must be appreciated and be given the requisite attention in order to avoid any catastrophe. Nigeria must do thorough feasibility study, and comprehend the convoluted technology, and implement the intricate precautionary measures and mechanisms required to operate a…

Analysis and commentary by Emeka Chiakwelu     This e-mail address is being protected from spambots. You need JavaScript enabled to view it Central Bank of Nigeria (CBN) have infused the total sum of N600 billion naira ($3.96 billion) into the Nigerian banking sector to recapitalize the banks that have been plagued with liquidity crisis and credit crunch caused by excessive lending, profligacy and corruption. The recent audits of the Nigerian banks by the Central Bank of Nigeria (CBN) have exposed the inefficiency of the banking sector. When the new governor of Central Bank came in he found out that some major banks were poorly managed and that corruption has eaten deep into the fabric of…

Economic perspective and analysis by Emeka Chiakwelu International Monetary Fund (IMF) will substantially increase its Special Drawing Rights (SDRs) from its lower original reserve to 204 billion which is proportionate to $324 billion. In the last G-20 summit held in America, the members of this important group of the largest economies gave the IMF the green light for creation of significantly larger SDRs. SDR is a form of proxy or representative currency created by IMF. This "quasi currency" can be converted into four established and chosen currencies referred as "basket of currencies" - dollar, euro, pound and yen. Every member-nation…