The 1999 Constitution allows State legislatures to make laws enabling former Governors and Deputy Governors to receive pensions. So, on April 18th, 2005, former Governor Donald Duke, assented to the Cross River State Gubernatorial Pension Law, to provide a pension to any person who has held office as a Governor or Deputy Governor in Cross
Debt Management Strategy: Senator Prince Otu should develop a comprehensive debt management strategy that focuses on reducing the debt burden over time. This strategy could include measures such as debt restructuring, renegotiating loan terms, and exploring options for refinancing at lower interest rates. It is important to prioritize debt repayment while ensuring the sustainability
The article by my friend Agba Jalingo raises concerns about Cross River State’s increasing debt burden and questions the strategies that Sen. Bassey Otu, the incoming governor, plans to adopt to address this issue. Agba highlights key statistics from the National Bureau of Statistics and the Debt Management Office, indicating the growth of both external
The Nigeria Deposit Insurance Corporation NDIC has been saying that only two percent of the 70 million bank account holders in Nigeria have up to N500k in their bank deposits and that even the N500k is usually in transit. That translates to only 1.4 million people. That also means, no matter how posh or how
Getting money cannot be disconnected from a skill, a product, a service or value addition. Unless you want to live on alms or charity. Even if it is inherited fortune, someone must have used a skill, sold a product or offered a service or added value, in the past, to earn that which you have
Recently, these two incidents have caused quite a stir in the society. The first being the case of Oseni Rufai, who broke traffic laws and then threatened to report the policemen to the governor. The second being that of Seun Kuti, who slapped a policeman and then justified his actions. Oseni Rufai’s case is disheartening
In 2019, despite being the only State out of the 36 states of the Federation that exceeded the borrowing ceiling due to a high debt burden, Cross River State Government went on to acquire loans including an unapproved foreign loan of N1.4 billion for what it tagged “AFD CRS National Program for Food Security”. The
Throughout history, loyalty has been more a virtue demanded by the strong than a spontaneous act on the part of an individual or a segment of society. In the strictest sense, allegiance which is demanded, or purchased, is not really loyalty and is an unpredictable factor in human relationships. The allegiance of armies, of workers,