FOREIGN EXCHANGE AUCTION NO. 64/2003 of 25TH AUGUST, 2003 FOREIGN EXCHANGE AUCTION SALES RESULT APPLICANT NAME FORM BID CUMM BANK Weighted S/N A
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Inequality and Development in Nigeria Inequality and Development in Nigeria
INEQUALITY AND DEVELOPMENT IN NIGERIA INEQUALITY AND DEVELOPMENT IN NIGERIA Edited by Henry Bienen and V. P. Diejomaoh HOLMES & MEIER PUBLISHERS, INC' NEWv YORK 0 LONDON First published in the United States of America 1981 by Holmes & Meier Publishers, Inc. 30 Irving Place New York, N.Y. 10003 Great Britain: Holmes & Meier Publishers, Ltd. 131 Trafalgar Road Greenwich, London SE 10 9TX Copyright 0 1981 by Holmes & Meier Publishers, Inc. ALL RIGIITS RESERVIED LIBRARY OF CONGRESS CATALOGING IN PUBLICATION DATA Political economy of income distribution in Nigeria. Selections. Inequality and development in Nigeria. "'Chapters... selected from The Political economy of income distribution in Nigeria."-Pref. Includes index. I. Income distribution-Nigeria-Addresses, essays, lectures. 2. Nigeria- Economic conditions- Addresses. essays, lectures. 3. Nigeria-Social conditions- Addresses, essays, lectures. I. Bienen. Henry. II. Die jomaoh. Victor P., 1940- III. Title. IV. Series. HC1055.Z91516 1981 339.2'09669 81-4145 LIBRARY OF CONGRESS CATALOGING IN PUBLICATION DATA ISBN 0-8419-0710-2 AACR2 MANUFACTURED IN THE UNITED STATES OF AMERICA Contents Page Preface vii I. Introduction 2. Development in Nigeria: An Overview 17 Douglas Riummer 3. The Structure of Income Inequality in Nigeria: A Macro Analysis 77 V. P. Diejomaoli and E. C. Anusion wu 4. The Politics of Income Distribution: Institutions, Class, and Ethnicity 115 Henri' Bienen 5. Spatial Aspects of Urbanization and Effects on the Distribution of Income in Nigeria 161 Bola A veni 6. Aspects of Income Distribution in the Nigerian Urban Sector 193 Olufemi Fajana 7. Income Distribution in the Rural Sector 237 0. 0. Ladipo and A. -
Interrogating Godfathers
Journal of Sustainable Development in Africa (Volume 19, No.4, 2017) ISSN: 1520-5509 Clarion University of Pennsylvania, Clarion, Pennsylvania INTERROGATING GODFATHERS – ELECTORAL CORRUPTION NEXUS AS A CHALLENGE TO SUSTAINABLE DEVELOPMENT AND NATIONAL SECURITY IN FOURTH REPUBLIC NIGERIA 1Preye kuro Inokoba and 2Chibuzor Chile Nwobueze 1Department of Political Science, Niger Delta University, Bayelsa State, Nigeria 2Department Of History & Diplomatic Studies, Ignatius Ajuru University of Education, Port Harcourt ABSTRACT In all modern democracies, election is not only an instrument for selecting political officeholders but also a vital platform for ensuring government legitimacy, accountability and mobilization of the citizenry for political participation. However, elections in Nigeria since independence have been bedeviled by electoral corruption characterized by such vices as election rigging, snatching of electoral materials, result falsification, political intimidation and assassination before, during and after elections. This situation has often brought unpopular governments to power, with resultant legitimacy crisis, breakdown of law and order and general threat to security. The paper, in explaining the adverse effects of electoral fraud and violence on sustainable development and national security, identified political godfathers as the main orchestrators, masterminds and beneficiaries of electoral corruption in Nigeria. Through the application of the descriptive method of data analysis, the study investigates how godfathers, in a bid to achieve their inordinate political and pecuniary interests, flout all known electoral laws, subvert democratic institutions and governance and as a result threaten national development and security. The paper therefore concludes that, to effectively address the undemocratic practice of electoral corruption, which is a threat to sustainable development and national security, there is need for the strengthening of the legal framework and democratic structures in Nigeria. -
First Bank of Nigeria Plc Head Office: 35, Samuel Asabia House, Marina, Lagos First Bank of Nigeria Plc | Annual Report & Accounts 2009
First Bank of Nigeria Plc Head Office: 35, Samuel Asabia House, Marina, Lagos www.firstbanknigeria.com First Bank of Nigeria Plc | Annual Report & Accounts 2009 Registration No. RC6290 First Bank of Nigeria Plc | Annual Report & Accounts 2009 ABBREVIATIONS ALCO – Assets & Liabilities Management Committee KRI – Key Risk Indicator ATM – Automated Teller Machine LAD – Loans and Advances BARAC – Board Audit and Risk Assessment Committee LASACS – Large Scale Agricultural Credit Scheme BDO – Business Development Office mbd – million barrels a day ANNUAL CAGR – Cumulative Annual Growth Rate MDAs – Ministries, Departments and Agencies CAM – Classified Assets Management Dept MFBs – Microfinance Banks CAP – Credit Analysis & Processing Dept MFR – Member of the Order of the Federal Republic CBN – Central Bank of Nigeria mni – Member National Institute CCO – Chief Compliance Officer MPA – Mortgage Plan Account CON – Commander of the Order of the Niger MPC – Monetary Policy Committee REPORT CPFA – Close Pension Fund Administrator MPR – Monetary Policy Rate CRM – Credit Risk Management N – Naira CRO – Chief Risk Officer NSE – Nigerian Stock Exchange CSA – Children Savings Account OFR – Officer of the Federal Republic CSCS – Central Securities Clearing System OPL – Open Position Limit CSR – Corporate Social Responsibility ORM – Operational Risk Management Division ACCOUNTSIntroduction 2 Business Review 23 & EAR – Earnings At Risk OTC – Over The Counter Financial Highlights 2 Operating Environment 24 Chairman’s Statement 4 Industry Review and Outlook -
The Nigerian Wars, Regional Crises and Ethnic Disturbances: Policy Responses and Democratic Implications
Munich Personal RePEc Archive The Nigerian Wars, Regional Crises and Ethnic Disturbances: Policy Responses and Democratic Implications Nwaobi, Godwin 4 October 2006 Online at https://mpra.ub.uni-muenchen.de/96/ MPRA Paper No. 96, posted 04 Oct 2006 UTC THE NIGERIAN WARS, REGIONAL CRISES AND ETHNIC DISTURBANCES: POLICY RESPONSES AND DEMOCRATIC IMPLICATIONS GODWIN CHUKWUDUM NWAOBI ASSOCIATE PROFESSOR OF ECONOMICS http://myprofile.cos.com/gcnwaobi [email protected] 234-8035925021 QUANTITATIVE ECONOMIC RESEARCH BUREAU 107 0KIGWE ROAD P.O.BOX 7173, ABA, ABIA STATE NIGERIA WEST AFRICA ABSTRACT Nigeria was incorporated in 1914 when Frederick Lugard (First Governor – General) amalgamated the two British protectorates of Northern and Southern Nigeria and the Crown Colony of Lagos into a single entity. The primary reason for amalgamation was economic rather then political. It is therefore, a matter for great regret that this country (Nigeria) has sulfured as a result of the all-pervasive disunity that has characterized all government action since our accession to independence in 1960. This disunity has distorted, complicated and to a large extent stultified every development effort undertaken by government. This paper therefore argents that the much-celebrated Nigeria reform progress might be rhetoric or much ado about nothing. And that the “BB-, BB and B” rating of the Nigerian economy might have been a baseless exercise. Consequently, the paper recommends the adoption of e-governance (development) as a therapy for a heterogeneous and divisible nation such as Nigerian (Ceteris Paribus). 1.0 INTRODUCTION “The 2007 election in Nigeria would be the most important election on the African Horizon and the speculations that Mr. -
The Impact of Ethnic Rivalry and Gulf of Trust on Nigerian Politics
Journal of Sustainable Development in Africa (Volume 16, No.5, 2014) ISSN: 1520-5509 Clarion University of Pennsylvania, Clarion, Pennsylvania THE IMPACT OF ETHNIC RIVALRY AND GULF OF TRUST ON NIGERIAN POLITICS: THE CASE OF THE FOUR-PARTY ALLIANCE, THE PROGRESSIVE PEOPLES’ PARTY AND THE PROGRESSIVE PARTIES’ ALLIANCE, 1979-1983 Emmanuel Oladipo Ojo Department of History & International Studies, Faculty of Arts, Ekiti State University, Ado-Ekiti, Ekiti State, Nigeria ABSTRACT Ethnicity was the most recurring decimal and dominant feature of Nigerian politics between 1951 and 1983. Since each of the ethnic groups – particularly the three major ones: Igbo, Hausa-Fulani and Yoruba – almost always held one another in utter suspicion, the basis of enduring political collaboration and partnership was almost always exactly nil. Thus, political collaboration between the three major ethnic groups became almost unachievable and when and where circumstances compelled some forms of political partnerships, they floundered over irreconcilable differences that revolved around ethnic rivalries and vagaries. This gulf of trust characterized the entire political process in Nigeria up to 1983 with very few instances of rapprochement among the major ethnic nationalities. While appreciable literature is available on the impact of ethnicity on Nigerian politics in the period before and after the attainment of independence and indeed up to the outbreak of the Civil War; not much is available in print on the rivalry that prevented the formation of a Four-Party Alliance, a Progressive Peoples’ Party as well as a Progressive Parties’ Alliance between 1979 and 1983. This almost entirely neglected aspect of Nigeria’s political history is the focus of this paper. -
Foreign Exchange Auction No. 72/2003 of 22Nd September, 2003
1 CENTRAL BANK OF NIGERIA, ABUJA TRADE AND EXCHANGE DEPARTMENT FOREIGN EXCHANGE AUCTION NO. 72/2003 OF 22ND SEPTEMBER, 2003 FOREIGN EXCHANGE AUCTION SALES RESULT APPLICANT NAME FORM DID CUMM. BANK weighted S/N SUCCESSFUL BIDS M/A NO R/C NO APPLICANT ADDRESS RATE AMOUNT AMOUNT PURPOSE NAME Average 1 BAYO OWOLAFE HOLDINGS LTD MF0061695 RC30678 18 TINUBU CLOSE PALMGROVE, LAGOS 130.0000 17,441.00 17,441.00 BICYCLE SPARE PARTS PRUDENT 0.0225 2 KAKAWA DISCOUNT HOUSE LIMITED AA1202082 RC264978 20 MARINA LAGOS. 130.0000 231.50 17,672.50 BOOKS PRUDENT 0.0003 3 NAMOH INDUSTRIES NIGERIA LIMITEDMF - 0483304 RC 305526 PLOT 5 OLUBADAN IND. ESTATE IBADAN 129.5800 41,400.00 59,072.50 AUDIO BLANK TAPES HABIB 0.0533 4 ROLLED STEEL PRODUCTS LTD MF0320208 RC21386 KM 16, OLD LAGOS ROAD, ALOMAJA IBADAN,OYO STATE.129.5100 101,788.00 160,860.50 ZINC METAL INGOTS DBL 0.1310 5 HERCULES MANUFACTURING NIGERIAMF0437092 LIMITED 355663 122 AWOLOWO ROAD IKOYI LAGOS 129.5100 12,490.00 173,350.50 USED PNEUMATIC TYRES ETB 0.0161 6 BEAMCO NIGERIA LTD MF0068126 16175 1 ONIRU STREET,APAPA,LAGOS 129.5100 83,102.44 256,452.94 FIRE HYDRANTS ASSEMBLY GUARANTY 0.1070 7 BEAMCO NIGERIA LTD MF0167072 16175 1 ONIRU STREET,APAPA,LAGOS 129.5100 107,710.00 364,162.94 INDUSTRIAL PUMPS GUARANTY 0.1387 8 BEAMCO NIGERIA LTD MF0167069 16175 1 ONIRU STREET,APAPA,LAGOS 129.5100 188,718.75 552,881.69 INDUSTRIAL CENTRIFUGAL PUMPS GUARANTY 0.2430 9 MRS OLARENWAJU JUMOKE AA0771020 A1668377 26 OMOTAYO OJO STR,OFF ALLEN AVENUE,IKEJA,LAGOS129.5100 12,805.08 565,686.77 SCHOOL FEES GUARANTY 0.0165 10 B.T. -
Global Journal of Human Social Science
Online ISSN : 2249-460X Print ISSN : 0975-587X DOI : 10.17406/GJHSS The Politics of Labeling An Appraisal of Voters National Election of Ethiopia Implications on Nigeria Democracy VOLUME 17 ISSUE 1 VERSION 1.0 Global Journal of Human-Social Science: F Political Science Global Journal of Human-Social Science: F Political Science Volume 17 Issue 1 (Ver. 1.0) Open Association of Research Society Global Journals Inc. *OREDO-RXUQDORI+XPDQ (A Delaware USA Incorporation with “Good Standing”; Reg. Number: 0423089) Sponsors:Open Association of Research Society Social Sciences. 2017. Open Scientific Standards $OOULJKWVUHVHUYHG 7KLVLVDVSHFLDOLVVXHSXEOLVKHGLQYHUVLRQ Publisher’s Headquarters office RI³*OREDO-RXUQDORI+XPDQ6RFLDO ® 6FLHQFHV´%\*OREDO-RXUQDOV,QF Global Journals Headquarters $OODUWLFOHVDUHRSHQDFFHVVDUWLFOHVGLVWULEXWHG 945th Concord Streets, XQGHU³*OREDO-RXUQDORI+XPDQ6RFLDO Framingham Massachusetts Pin: 01701, 6FLHQFHV´ 5HDGLQJ/LFHQVHZKLFKSHUPLWVUHVWULFWHGXVH United States of America (QWLUHFRQWHQWVDUHFRS\ULJKWE\RI³*OREDO USA Toll Free: +001-888-839-7392 -RXUQDORI+XPDQ6RFLDO6FLHQFHV´XQOHVV USA Toll Free Fax: +001-888-839-7392 RWKHUZLVHQRWHGRQVSHFLILFDUWLFOHV 1RSDUWRIWKLVSXEOLFDWLRQPD\EHUHSURGXFHG Offset Typesetting RUWUDQVPLWWHGLQDQ\IRUPRUE\DQ\PHDQV HOHFWURQLFRUPHFKDQLFDOLQFOXGLQJ G lobal Journals Incorporated SKRWRFRS\UHFRUGLQJRUDQ\LQIRUPDWLRQ 2nd, Lansdowne, Lansdowne Rd., Croydon-Surrey, VWRUDJHDQGUHWULHYDOV\VWHPZLWKRXWZULWWHQ SHUPLVVLRQ Pin: CR9 2ER, United Kingdom 7KHRSLQLRQVDQGVWDWHPHQWVPDGHLQWKLV ERRNDUHWKRVHRIWKHDXWKRUVFRQFHUQHG -
Spatial Variations of Values of Residential Land Use in Lagos Metropolis (Pp
An International Multi-Disciplinary Journal, Ethiopia Vol. 3 (2), January, 2009 ISSN 1994-9057 (Print) ISSN 2070-0083 (Online) Spatial Variations of Values of Residential Land Use in Lagos Metropolis (Pp. 381-403) Leke Oduwaye -Department of Urban and Regional Planning, University of Lagos, Akoka, Lagos. [email protected] ; [email protected] Abstract The cost of land has very strong influence on the quality and type of development that can be sustained on such land. Residential areas are no exception. This is more pronounced in economically vibrant. Lagos being the economic nerve centre of Nigeria fall into this category cities. This study is therefore to further enrich existing literature in this area but focusing on residential land values in Metropolitan Lagos. In the study, the actual prices of various components of residential land use are established which the study classified into rent, purchase price of residential apartments and purchase price of residential plots of land. This was done for different residential land use types which the study classified into three: namely high density, medium density and low density areas. The study concludes that residential land values are high in the low density areas and lower at the high density areas. The paper suggests the need to improve both physical and economic access to residential properties, privatization of the supply of infrastructural facilities, improvement in the quality of the environment and the need to release lands under public ownership to make more land available for residential use. Keywords: Residential, Land Value, Neighbourhood, Rent, Cost, Land. Copyright: IAARR, 2009 www.afrrevjo.com 381 Indexed African Journals Online: www.ajol.info African Research Review Vol. -
Exit Date the U-Turn LETTERS
May Day: Labour in Limbo Adolphus Karibi-Whyte Exit Date The U-Turn LETTERS country and the delay by the ministry of obtained approval to pay relevant fées Shabby Treatment external affairs to provide a realistic rate demanded by school authorities based of conversion for expenses incurred in on the practice in Nigeria. This policy Whatever offence General Olusegun the local currency to the Naira for affected the children of all home-based Obasanjo, former head of state and purposes of making returns to officers in Buenos Aires. The officers General Shehu Musa Yar'Adua, his one headquarters. It might interest your concerned of course had to pay all extras time deputy, might have committed, their readers to note that when we first went to outside the approved practice. I wonder manner of arrest, detention and the initial Buenos Aires in 1987, the local currency why the ambassador's daughter is being denial of military authorities that they was exchanging at three to one dollar. By singled out when the practice, which I were aware of the former's arrest goes in 1991, the rate had jumped to ten thousand incidentally inherited, covered all no small way to show that Nigeria, nay Australes to one US dollar. The embassy children of home-based officers. Nigerians do not have any iota of respect still had to file returns up to 1992 using The conference in New York in for their former leaders. (Cover March the conversion rate approved for 1988, August, 1992, was a Nigerian federal 27). thus giving the false impression of over government approved activity under the John A. -
Frequent Health Travels Raise Questions Over Buhari Fitness for Office
businessday market monitor Commodities NSE Bitcoin E verdon Bureau De Change FMDQ Close Brent Oil Biggest Gainer Biggest Loser BUY SELL FOREIGN EXCHANGE TREASURY BILLS FGN BONDS FO 3,398,037.71 -0.33pc $74.45 Mobil $-N N188 4.21pc N40.85 -5.00pc 360.00 363.00 Market Spot $/N 3M 6M 5 Years 10 Years 20 Years Cocoa Powered by £-N 493 .00 503.00 -0.10% 0.16% 0.00% 41,155.80 I&E FX Window 360.64 0.81 -0.59 US $2,773.00 €-N 425.00 435.00 CBN Official Rate 305.75 11.52 12.60 13.15% 13.30% 13.02% NEWS YOU CAN TRUST I **WEDNESDAY 09 MAY 2018 I VOL. 15, NO 50 I N300 @ g Oil volatility FG codeine ban, seen as Trump Emzor Pharma withdraws US from closure a knee jerk Iran nuclear deal response – experts DIPO OLADEHINDE, with agency reports … Open season for smuggling and black-market operations ANTHONIA OBOKOH he recent ban on codeine- containing cough syrup Tby the Federal Govern- ment, shutting down Emzor Pharmaceuticals Ind. Ltd., Peace Standard Pharmaceutical Lim- n what marked the most ited and Bioraj Pharmaceutical significant foreign policy Limited is a knee jerk response Imove of his presidency, US to the drug abuse problem ex- President Donald Trump has perts have said. announced the pulling out of the The ban is echoing in the pub- Iran nuclear deal saying he will lic space over the drastic mea- reinstate economic sanctions on sure. Experts want a more logical the Islamic Republic. -
Petro-Violence and the Geography of Conflict in Nigeria's
Spaces of Insurgency: Petro-Violence and the Geography of Conflict in Nigeria’s Niger Delta By Elias Edise Courson A dissertation submitted in partial satisfaction of the requirements for the degree of Doctor of Philosophy in Geography in the Graduate Division of the University of California, Berkeley Committee in charge: Professor Michael J. Watts, Chair Professor Ugo G. Nwokeji Professor Jake G. Kosek Spring 2016 Spaces of Insurgency: Petro-Violence and the Geography of Conflict in Nigeria’s Niger Delta © 2016 Elias Edise Courson Abstract Spaces of Insurgency: Petro-Violence and the Geography of Conflict in Nigeria’s Niger Delta by Elias Edise Courson Doctor of Philosophy in Geography University of California, Berkeley Professor Michael J. Watts, Chair This work challenges the widely held controversial “greed and grievance” (resource curse) narrative by drawing critical insights about conflicts in the Niger Delta. The Niger Delta region of Nigeria has attracted substantial scholarly attention in view of the paradox of poverty and violence amidst abundant natural resources. This discourse suggests that persistent resource- induced conflicts in the region derive from either greed or grievance. Instead, the present work draws inspiration from the political geography of the Niger Delta, and puts the physical area at the center of its analysis. The understanding that the past and present history of a people is etched in their socio-political geography inspires this focus. Whereas existing literatures engages with the Niger Delta as a monolithic domain, my study takes a more nuanced approach, which recognizes a multiplicity of layers mostly defined by socio-geographical peculiarities of different parts of the region and specificity of conflicts its people experience. -
The Politics of News Reportage And
THE POLITICAL ECONOMY OF NEWS REPORTAGE AND PRESENTATION OF NEWS IN NIGERIA: A STUDY OF TELEVISION NEWS BY IGOMU ONOJA B.Sc, M.Sc (Jos). (PGSS/UJ/12674/00) A Thesis in the DEPARTMENT OF SOCIOLOGY, Faculty of Social Sciences, Submitted to the School of Postgraduate Studies, UNIVERSITY OF JOS, JOS, in partial fulfillment of the requirements for the award of the degree of DOCTOR OF PHILOSOPHY (Ph.D) of the UNIVERSITY OF JOS. August 2005 ii DECLARATION I, hereby declare that this work is the product of my own research efforts, undertaken under the supervision of Prof. Ogoh Alubo, and has not been presented elsewhere for an award of a degree or certificate. All sources have been duly distinguished and appropriately acknowledged IGOMU ONOJA PGSS/UJ/12674/00 iii CERTIFICATION iv DEDICATION To my wife, Ada, for all her patience while I was on the road most of the time. v ACKNOWLEDEGEMENTS I am most grateful to Professor Ogoh Alubo who ensured that this research work made progress. He almost made it a personal challenge ensuring that all necessary references and corrections were made. His wife also made sure that I was at home any time I visited Jos. Their love and concern for this work has been most commendable. My brother, and friend, Dr. Alam’ Efihraim Idyorough of the Sociology Department gave all necessary advice to enable me reach this stage of the research. He helped to provide reference materials most times, read through the script, and offered suggestions. The academic staff of Sociology Department and the entire members of the Faculty of Social Sciences assisted in many ways when I made presentations.