FUEL SUBSIDY SCANDAL PROBE: WILL IT MAKE ANY DIFFERENCE By Lanre Arogundade When the House of Representatives ad-hoc committee probing the fuel subsidy scandal rounded off its public sittings recently, the committee’s chair Farouk Lawan boasted that “our recommendations will certainly bring about the running of a better oil industry in Nigeria. Some of the recommendations will have judicial implications.
MASS SACK IN BANKING SECTOR: Workers Must Struggle To Reclaim Their Unions and Fight Back By Chinedu Bosah Similar to Joseph interpretation of Pharaoh’s dreams – a crisis period coming after a boom period and the need to prepare ahead – smaller and less viable banks have taken over more viable banks. Intercontinental Bank was taken over by Access Bank;
SENEGAL ELECTIONS: NO HOPE IN PRO-CAPITALIST SALL By Kola Ibrahim The mass enthusiasm and celebration that accompanied the recent run-off elections in Senegal, in which the incumbent, now outgoing, president, Abdoulaye Wade, was roundly defeated by his former protégé, Macky Sall, has again brought to the fore the increasing but unquenchable quest for change by the working and oppressed people
NO HOPE UNDER CAPITALISM: TIME FOR SYSTEM CHANGE NIGERIA: AN INTRACTABLE SOCIO-ECONOMIC CRISIS By Segun Sango, General Secretary, Democratic Socialist Movement Left alone to imperialist/capitalist analysts, Africa and Nigeria’s economy in particular are passing through the best of time. For instance, the Financial Times of London in its November 23, 2011 special edition on Nigeria reports: “African economies have been
CURRENT FUEL PRICE HIKE: Socialist Democracy special fuel hike edition, January 2012 Labour Must Adopt Strategy and Tactics That will Ensure Total Victory The declaration of “indefinite strikes, mass rallies and street protests” by both NLC and TUC leaders, against the so-called fuel subsidy withdrawal by the government, which had instantly hiked the price of a litre of petrol from
INDEFINITE STRIKE: Struggle until Victory Form Action Committees In Workplaces, Communities And Campuses Demand The Public Ownership Of The Oil Sector Under Democratic Control And Management Of Workers And Consumers End The Rule Of The Thieving Elite For A Workers’ And Poor Peoples’ Government The Democratic Socialist Movement (DSM) welcomes the decision of the Nigeria Labour Congress (NLC) and Trade
BOKO HARAM’S CONTINUING BOMBINGS: Working Masses Must Unite against Descent into Anarchy On the sidelines of the renewed mass struggle against President Jonathan’s government New year day announcement of the popularly-hated neo-liberal policy of removal of fuel subsidy/fuel price hike, the dreaded Islamist fundamentalist sect, Boko Haram has continued its dastardly attacks in the North East of Nigeria. The statement