Business Eye

South-South Zone Setting the pace for strong Regional Economic Development

The South-South Economic Summit rolled out a catalogue of demands that, if met, could set the region on the path to economic transformation.  The South-South geo-political zone, a recent creation of the military under the leadership of late General Sani Abacha, comprising Akwa Ibom, Bayelsa, Cross River, Delta, Edo and Rivers States, is home to a large proportion of the nation's oil and gas reserves. Apart from the oil and gas reserves, the region has abundant agriculture, aquaculture and touris...

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The rule of law and the internet

The fact that the Internet has become the imposing phenomenon of the modern era is no longer news. What appears to be news is how it is defining the way we live, work, learn, share and govern. Talking about governance, I will be focusing on the rule of law on the Internet.

                The Internet, being a network of networks is a borderless online world without national boundaries that has given birth to new citizens called global citizens or online citizens. The absence of national boundari...

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Stakeholders call for full implementation of subsidy report

Reactions have continued to trail the report of Mr. Farouk Lawan led House of Representatives Ad Hoc Committee on fuel subsidy regime management, as some stakeholders in the industry are calling for the full implementation of the subsidy report. Head of the civil society, Save Nigeria Group, Pastor Tunde Bakare, believes the report is a key test for President Goodluck Jonathan’s government.

                The House is expected to vote on an amended version of the report and pass it on to the exe...

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Banks as channel for economic development

Historically, economists and policy makers accord great importance to the role of banks in the development of new markets and industries in an economy. That is why the relationship between the banking system and development remains very critical for any economy to realise its potential. Growth and development in any economy depends largely on the flow of funds from its banking system.

                In fact, the banking system plays the important role of promoting economic growth and development...

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