Sobowale On Business

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Dangote Refinery IPO is not for you, by Dele Sobowale

Alhaji Aliko Dangote said he wants millions of Nigerians to share in the wealth which will be generated by the Dangote Refinery by buying at least ten shares priced at N525 each. That amounts to N5250 for each minimum investor. The impression was given that wealth sharing is guaranteed once the investment is made. Even […]

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Stealing from the poor is Abuja’s favourite game

By Dele Sobowale Two former Ministers of Humanitarian Services – one sacked but allowed to go home and the other now on the run – symbolize how public servants in Abuja view Nigeria’s poor people. They are not to be helped; they are to be robbed. President Tinubu, like his predecessors, Jonathan and Buhari – […]

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FG and Umahi’s roads to hell – 2

By Dele Sobowale The Benin-Agbor-Asaba highway to sudden death symbolizes everything wrong with how the Federal Government and Minister David Umahi have been managing Nigerian roads. The horrors of that road are being replicated everywhere – as will be demonstrated shortly. Umahi obviously is the wrong man for one of the most important assignments. Nigeria’s […]

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FG and Umahi’s roads to hell

By Dele Sobowale Vanguard recently published pathetic pictures of the Benin-Sapele-Warri Expressway; and Punch revealed to us what happens to the Lagos-Calabar Expressway, not even 15 per cent completed, each time there is a heavy downpour in the Lekki peninsula. The road becomes so flooded, it becomes barely usable. Morning shows the day. If Tinubu-Umahi’s […]

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FG: Budgeting or barefaced robbery?

By Dele Sobowale FG budgets N1tn for empowerment, SUVs amid rising borrowing pressure – Report, July 27, 2026 Veterans monitoring the formulation and execution of annual budgets can honestly admit one truth. Military regimes were more disciplined. Every annual budget ended on midnight December 31 of the year. Funds not spent by that time were returned to […]

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FG alleviating poverty with propaganda, by Dele Sobowale

“Economic policies should be assessed based on their impact on the welfare of citizens. Any economic policy that does not improve on the welfare of the people is inherently ineffective.” Emir of Kano,  Alhaji Muhammadu Sanusi II, July 16, 2026.  Tinubunomics, based on HRH Sanusi’s measure of economic policy effectiveness, has, so far, been a resounding failure […]

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Don’t be fooled, states are not richer

By Dele Sobowale Most Nigerians are being fooled right now, as they often are, by the Federal Government; with regard to the monthly allocations to states. Unfortunately, because the hands of many of the State Governors are not clean, they are allowing the FG to blame them unjustly for overall poor performance. Granted, there are a […]

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Why akara and kulikuli trap always succeed

By Dele Sobowale It is another election year; and suddenly, “free” money is being given at every convenient gathering. Givers, usually politically exposed individuals, call it empowerment; their paid megaphones in the media hail the altruism and, naturally expect widespread gratitude. Those of us, who have experienced this sort of grand deception before, know the truth […]

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Economics of state police: Matters arising

By Dele Sobowale Trust Nigerian leaders and My Fellow Citizens (“I am beginning to wonder how many fools it takes to make the term ‘My fellow citizens”, Honore de Balzac, 1799-1850) to leave undone what should have been done decades ago; and then to rush out to do it without considering one of the most important […]

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