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Nov 6, 2024 | 
financialtrust.com.ng | Sam Amadi
This is a speech delivered at the 6th Annual Lecture of the Justfrends Club on Tuesday, November 5, 2024 at Bolingo Hotels AbujaGreetings and Compliments. First, let me express my deep appreciation to the leadership of the Just Friends Club for the honour of choosing me as the guest lecturer for this year annual lecture of the club. My interaction with some members of the club prior to the lecture convinces me that this is not another normal club. Yes, you are all friends.
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Oct 9, 2024 | 
lawandsocietymagazine.com | Sam Amadi
By Dr Sam AmadiA macabre drama is playing out prime time in Nigeria. The thing, though, is that this is not a fictional drama. It is a real event. The Nigerian Correctional Service (formerly Nigerian Prison Service) and the Economic and Financial Crimes Commission (EFCC) are in a meltdown on account of serious allegations of gross corruption.
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Oct 8, 2024 | 
financialnigeria.com | Sam Amadi
All criminals are not equal in Nigeria A macabre drama is playing out prime time in Nigeria. The thing, though, is that this is not a fictional drama. It is a real event. The Nigerian Correctional Service (formerly Nigerian Prison Service) and the Economic and Financial Crimes Commission (EFCC) are in a meltdown on account of serious allegations of gross corruption.
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Sep 3, 2024 | 
financialnigeria.com | Sam Amadi
Another way democracy dies After the first tenure of Mr. Donald Trump as the President of the United States of America, a cottage industry of democracy pessimism arose. Many political scientists wrote books about the end of democracy. Two most notable of the books of this new genre are ‘How Democracy Ends’ by David Runciman and ‘How Democracies Die: What History Reveal About Our Future’ by Steven Levitsky and Daniel Ziblatt. There was so much glib talk about how democracy ends and the such.
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Aug 1, 2024 | 
financialnigeria.com | Sam Amadi
Protests and the failure of democracy Nigeria has been in the throes of anxiety over a proposed national protest against bad governance. The federal government has unleashed every arsenal, including arrests and seduction, to stop the protest. The organisers of the protest tag it ‘Days of Rage’, invoking memories of the Kenyan protest that ended in violence and threatening to end President William Ruto’s presidency. Nigeria has been on this path before.
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Jul 9, 2024 | 
financialnigeria.com | Sam Amadi
From Kenya with anger The end of June 2024 was dominated by stories of violent protests by Kenyan youths against plans to increase tax on the people in the face of excruciating pains of inflation. The president of the Kenyan republic, President William Ruto, and the legislature were determined to pass the finance bill in spite of strong expression of disapproval by the civil society. At a point, the president threatened to arrest and deal ruthlessly with those opposed to the bill.
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Jun 4, 2024 | 
financialnigeria.com | Sam Amadi
Negotiating a living or starvation minimum wage The leadership of Nigeria Labour Congress and Trade Union Congress has been locked in a dispute with the federal government over a new national minimum wage for workers. Nigeria is one of the many countries in the world that have a national minimum wage legislation. The extant Nigerian legislation is the National Minimum Wage Act, 2019 which stipulates N30,000.00 as the lowest remuneration for workers.
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May 20, 2024 | 
financialnigeria.com | Sam Amadi
Reflection on electricity tariff review On 1 May 2024, the Nigerian Electricity Regulatory Commission (NERC) announced an increase of more than 260% in electricity tariff for electricity consumers in Nigeria. The commission declared that the increase only applies to customers on the class described as ‘Band A’. The increase moved the approved tariff for this consumer class from N66 to N225 per kwh. In industry parlance, the increase is a classic case of rate shock.
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May 16, 2024 | 
allafrica.com | Sam Amadi
In the last couple of weeks, two issues have dominated discussion about Tinubu's economy: the imposition of a cyber security charge on Nigerian bank customers by the Central Bank of Nigeria (CBN) and the demand by organized labour through the Nigeran Labour Congress (NLC) and the Trade Union Congress (TUC) for a minimum wage increase from N30,000 to N615,000. These issues are woven around the idea of taxation.
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Apr 16, 2024 | 
financialnigeria.com | Sam Amadi
Why electricity privatization failed (2) In the first part of this series, I argued that electricity privatisation in Nigeria failed partly because it was poorly designed. The poor design was a result of ideological fixation with privatisation and less attention paid to the differing contexts of the Nigerian electricity market. Privatisation was prescribed and hurriedly implemented without considering the weak regulatory and operational environment of the Nigerian electricity market.
