Underdevelopment, Capitalism, Traits and Poverty of the Future

By Jerome-Mario Utomi Recently, precisely on Tuesday, November 21, 2023, I participated as a panellist at the Institute for Housing and Urban Development Studies (IHS), Erasmus University, Rotterdam, Netherlands, a panel discussion on The role of multi-stakeholder engagement in achieving environmental justice. The gathering, which was held in Victoria Island, Lagos, formed part of training on Environmental Justice: Reducing Ecological and Social Inequalities through Effective and Participatory Land Governance. Essentially, in my private study/preparation for the programme, the need to domesticate the subject became paramount to me. To achieve this objective; the following questions came flooding; what is environmental justice?

By Emmanuel Udom Today, most contract security guards are earning slave wages, putting their lives in danger while ensuring the safety of other people, corporate bodies, government agencies, etc, 24/7. It is noted that all over the world, security business is deadly, risky, slippery, dangerous and sophisticated. Like in other business concerns, owners of registered and yet-to-be-registered private security companies are in for raw deals. They are driven by profits, the laws of supply and demand and the desperate hustle for big, juicy contracts, our investigations have shown. Private contract security companies hire all sorts of people, give them one

By Ike.S Anison Historically, the formal banking sector’s penetration in Africa has been relatively low. And, while there has been significant improvement in this area in recent years, there is still a significant portion of the population on the continent who are unbanked or lack access to financial services. According to the World Bank, approximately 350 million adults in sub-Saharan Africa are still unbanked, accounting for 17% of the 2 billion global unbanked population. This has largely been due to a struggle to tap into the continent’s low-income segment, the widest proportion of the population. Consumers within this market feel

By Jerome-Mario Utomi There exists a time-honoured notion among management experts that for every given task, there is always a strategy to achieve the desired results. In planning, you may have more than one strategy which could be labelled as ‘Plan-A’ and ‘Plan-B’ or even more. Chiedu Ebie, Chairman of the newly constituted Governing Board of the Niger Delta Development Commission, recently demonstrated the understanding that NDDC as an interventionist agency is not left out in clarion formulation of strategies needed for getting hold of stakeholders and converting their support to a springboard for the right vision that will set

Entertainment options online refer to any form of media or content that is designed to provide enjoyment, amusement, or relaxation through digital platforms. This includes video streaming services, online gaming platforms, social media, music streaming services, podcasts, and more. With the rise of the internet and the proliferation of digital media, there are now countless entertainment options available online. Entertainment is an essential aspect of our lives. It allows us to relax, unwind, and escape from the stresses of our daily routines. It can also serve as a means of socializing and connecting with others who share our interests. Whether

By Investors Hub Most Asian stocks fell on Monday, following steep losses on Wall Street on Friday, after a strong jobs report for January helped fuel expectations that the Federal Reserve will lift interest rates more than the three times initially expected this year. Chinese shares bucked the weak regional trend to end notably higher after data showed that China’s private sector activity expanded at the fastest pace in seven years in January, driven by accelerated rates of growth across both manufacturing and services. The Caixin composite PMI rose to 53.7 from 53.0 in December. The benchmark Shanghai Composite index

By Adedapo Adesanya The Lagos State House of Assembly has asked the immediate past Governor of the state, Mr Akinwunmi Ambode, to appear before it this Wednesday to answer allegations of unauthorised discounting of promissory note and purchase of 820 buses. In a notice, the state parliament said Mr Ambode should present himself for grilling on Wednesday, October 30, 2019, by 1pm. Mr Ambode was first summoned two weeks ago alongside persons that served under his administration. These persons included the former commissioners for Finance, Economic Planning, Justice and Attorney General, and Permanent Secretary. The House had set up an

By Modupe Gbadeyanka Following the recently concluded promotion exercise conducted by the Federal Road Safety Commission (FRSC) where 36 senior officers were promoted to their next rank, the Corps Marshal, Mr Boboye Oyeyemi, has approved the posting of the newly promoted officers and others to different formations of the Corps across the country. According to the Corps Public Education Officer, Mr Bisi Kazeem, this posting is part of concerted efforts by the Corps to ensure proficiency, dynamism and excellence in service delivery to the motoring public. Speaking further, Mr Kazeem gave the list of the officers posted as: Deputy Corps

By Ebitonye Akpodigha The Nigerian Senate has promised to prioritize and fast track the passage of the controversial Petroleum Industry Bill (PIB) and other legislations capable of contributing to the quick recovery of the economy, and provide favourable level playing environment for both local and foreign investors. This was part of the 20 points resolution passed by the Senate as its legislative intervention to speedily pull Nigeria out of the current economic recession, and put the economy on the path of sustainable growth. Apart from the PIB, other bills that will enjoy priority attention include the National Development Bank of

By Modupe Gbadeyanka **As Denis Hasdenteufel takes over Chairman of the Nigerian Aviation Handling Company PLC (NAHCO Aviance), Mallam Suleiman Yahyah, has resigned from the board. His letter of resignation has been communicated to the regulators. Mr Yahyah cited the urgent need to attend to his failing health as the reason for his decision to bow out. With the resignation of Mr Yahyah, the Vice Chairman, Mr Denis Hasdenteufel, would take over the leadership of the Board in an acting capacity and will preside over all meetings of the Board pending the approval of regulators and further announcements from stakeholders.

By Dipo Olowookere Newly installed Aare Ona Kakanfo, Mr Gani Adams, has described his new position as a huge responsible because of what is expected of him. Speaking at his installation ceremony in Oyo town on Saturday, Mr Adams, who doubles as leader of the Oodua Peoples’ Congress (OPC), a pan-Yoruba group, emphasised that his first task would be to preserve the Yoruba culture. While paying homage to the 14 occupants of the post before him, the new Yoruba war leader lamented that the Yoruba culture was fast losing its relevance because of civilisation. However, he promised to look into

By Dipo Olowookere The All-Share Index (ASI) of the Nigerian Stock Exchange (NSE) reduced to 26,660.44 points on Tuesday from 26,695.18 points from Monday after a reduction of 34.74 points during the session. This was mainly influenced by the selloffs witnessed in industrial goods sector, which contributed to the N16 billion decline in the market capitalisation, which settled at N12.868 trillion against N12.884 trillion printed on Monday. Dangote Cement led the losers’ chart after a decline of N2 to finish at N140 per unit, while NASCON lost 75 kobo to settle at N13.25 per share. International Breweries depreciated by 60