Category: Socialist Democracy November – December 2018

SOOT CRISIS IN RIVERS STATE: Failure of the Capitalist Government and the Exploitation of the Oil Companies By Daniel Akande According to reports, while residents of River States nay the Niger Delta region have helplessly become used to multiple oil spills which have damaged livelihoods and farmlands, they are currently facing a new kind of danger which is soot, black

UNEMPLOYMENT CRISIS: Only a Socialist Programme of Planned, Nationalised Economy can Stamp out Unemployment and Industrialise Nigeria By Wole Olabanji Engels As at the moment of writing this piece, the National Bureau of Statistics (NBS) has not updated its data to reflect the current rate of unemployment or underemployment in the country. However, in an interview with Sunday Tribune of

STRUGGLE PAYS: OAU Authorities Reinstate Omole Ibukun and 3 other Suspended Students’ Activists We demand a halt to all attacks on democratic rights and restoration of independent unionism By Wole Olubanji National Mobilisation Officer, ERC The authorities of Obafemi Awolowo University (OAU) have reinstated the studentship of Omole Ibukun, national secretary of the Education Rights Campaign (ERC) a platform of

Youth Restiveness in Ajegunle and Lagos at Large! By Lexan Ali There is an escalating crisis of the growing youth unrest, violent criminality, communal clashes, cult and gang wars and killings going on in Ajegunle, Agege, Lagos Island, Orile and many other communities in Lagos state. More recently, the crises between youths in Layinka and Olumoku, two neighbouring communities in

REFUSE CRISIS IN LAGOS By Chinedu Bosah The refuse crisis in Lagos lingers as the government has shown obvious incapacity to resolve the problem. It is now common to see refuse heaps in many places, waste bins of many residents are not picked for weeks creating a health hazard The crisis deepened when Visionscape Sanitations Solutions, (a private company) was

OSUN GOVERNORSHIP ELECTION: SPN thank all our supporters Nothing has changed, No Difference between APC and PDP The Socialist Party of Nigeria (SPN), Osun State wishes to appreciate all our members, supporters and those who voted for the party and its candidate, Barrister Alfred Adegoke, in the now inconclusive Governorship Election in Osun State that held on 22nd September, 2018.

MINIMUM WAGE: N30, 000 New Minimum Wage Signed by Tripartite Committee is Payable! Labour and workers must be prepared for a protracted struggle for enactment and implementation of the new minimum wage By Abbey Trotsky After over three years of foot-dragging and several relentless struggles of the Nigerian workers, the tripartite committee on minimum wage was compelled on November 5,

NIGERIA: Economic Recovery is Fragile as Another Crisis Looms Workers and the Masses Must be prepared to Resist Capitalist Attacks By Peluola Adewale Moody’s, a credit rating agency, describes Nigeria’s recovery as currently “slow and sturdy” following its exit from recession in the third quarter of the 2017. Truly, there are some statistical indications to buttress this assertion. Though, the

THE FAILURE OF SKYE BANK IS ROOTED IN THE CORRUPT CAPITALIST SYSTEM By Damilare Etti On the 21st of September, 2018, the Central bank of Nigeria (CBN) revoked the operating license of Skye bank (the eighth largest bank in the country) for failing to meet the regulatory capital and liquidity thresholds. A bridge bank, Polaris was established to assume both

FIVE YEARS AFTER: Privatisation of the power sector in Nigeria has deepened inefficiency and widespread darkness By Chinedu Bosah, Coordinator, CARE Fundamentally, there was no justification for the privatization of the power sector. In all ramifications, privatization has failed. We must understand that the private power companies acquired 60% shares of the generating and distributive power infrastructure that was worth