Category: Economics – Others
-
OGWUMA, Paul Agbai; Economist, Chartered Accountant, administrator and Governor of Central Bank of Nigeria, CBN between 1995 and 1999. He is a recipient of the national honour of the order of the Federal Republic, OFR. Born in Isiala Ngwa, Abia State in April 24, 1932, Ogwuma was at various times, Managing Director/Chief Executive Officer of…
-
Cotton; Plant grown and woven into cloth in western Nigeria and many parts of West Africa. Cotton was second to groundnut among cash crops through which farmers in northern Nigeria made their income[i]. Cotton had long been grown by the people of the western region for their own manufacture of cloth, but its cultivation was…
-
Ifueko Omoigui-Okauru; Tax practitioner and accountant, Chairman of Nigeria’s Federal Inland Revenue Service, FIRS during President Obasanjo years. Ifueko was the first female professional staff hired by Arthur Andersen, a leading accounting firm in 1983, rising through the ranks to become the first female professional manager as well as the first female national partner. As…
-
Ngozi Okonjo-Iweala; Economist, as cabinet minister belonged to the crop of energetic technocrats of President Obasanjo’s second term in her position as Nigeria’s finance minister. Before her appointment, Okonjo-Iweala was Vice-President of the World Bank. While in office, she headed a team of 13 other ministers largely responsible for fashioning the administration’s series of economic…
-
Free Enterprise, as an economic principle, features minimum intervention of government and greater participation of private individuals in business management. This system, idealised by early political associations such as the People’s Union, endured in the tenets of the educated elites that Ademola II, Alake of Abeokuta, had recommended at his coronation in 1920 that “all…
-
Corruption, according to the World Bank and Transparency International, is the abuse of public office for private gains for the benefit of the holder of the office or some third party. Nigeria has been ranked from the most corrupt to the sixth most corrupt for countries surveyed between 1996 and 2005 in the TI’s Corruption…
-
Osborne F.G. was a merchant of the Anglo-Colonial Trading Corporation Limited, called Alagbon in Lagos of the nineteen-tens. Born in 1852, Osborne came to Lagos in the 1870s as a clerk of another firm, later embarking on a big trading venture with a colleague under the name of Hutton & Osborne. This business flourished for…