Tag: Kingsely Moghalu

Recycling Poverty: “Nigeria under incompetent economic management” – Moghalu 

Aminu Imam

…Says future looks difficult Former Deputy Governor of the Central Bank of Nigeria, (CBN), Kingsley Moghalu, has said Nigeria has since 2014 fell under completely incompetent economic management and has not recovered. Moghalu, in a statement posted on his X handle, told President Bola Tinubu’s administration that palliatives will never reverse poverty. According to him, “The immediate future looks difficult”, insisting that “throwing money that is not creating wealth will not solve the nation’s problems”. He said, “Nigeria’s economic distress is simply part of a 40-year downward trajectory that was broken…

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Kano Governorship tussle: ‘Nigeria’s judicial, electoral systems collapsing’ – Kingsley Moghalu

Aminu Imam

Former Deputy Governor of the Central Bank of Nigeria, (CBN), Kingsley Moghalu has warned that Nigeria’s judicial and electoral systems are collapsing. Moghalu, who spoke in a post on his X (formerly Twitter) handle yesterday, stated that the development has threatening implications for Nigerians’ aspirations for democracy. The statement follows the ensuing controversy over the judgement of the Appeal Court which nullified the election of Governor Abba Yusuf, of Kano State. Recall that a certified true copy of the Appeal Court judgement on the Kano State Governorship Election, however, affirmed…

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$1.5bn World Bank loan: “Nigeria becoming a carcass” – Moghalu kicks

Aminu Imam

A former Deputy Governor of the Central Bank of Nigeria, (CBN), Kingsley Moghalu, has kicked against the Federal Government’s plan to borrow $1.5 billion from the World Bank. Recall that the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, while speaking with newsmen at the 2023 Annual Meetings of the World Bank and the International Monetary Fund (IMF) in Marrakech, Morocco, confirmed the loan. Edun, who promised that there would be a coordination of monetary and fiscal policies, pledged that President Tinubu’s administration will not breach Ways and…

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Why security votes must be scrapped – Moghalu

Aminu Imam

Former Deputy Governor, Central Bank of Nigeria (CBN), Prof. Kingsley Moghalu, has lamented the growing insecurity situation in the country amidst huge sum of money budgeted as security votes. Moghalu, who spoke in Awka, Anambra state at an event organized by a socio-political pressure group, Kwechiri N’oganiru Anambra, with the theme: “Anambra: The Quest For Excellence in Governance”, called for the scrapping of security votes, stressing it was not part of accountable governance. He said, “When you understudy the level of insecurity in the country, one begins to wonder what…

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