Thursday, November 8, 2018
Video - Nigeria labour unions call off nationwide industrial action
Nigeria's organized labour unions have called off the nationwide industrial action meant to press home workers' demand for a new national minimum wage. The National Chairman of the Nigeria Labour Congress says all parties have agreed on an $83 minimum wage deal.
Nigeria will benefit from Google Artificial Intelligence lab in Ghana
By Prince Osuagwu (Hi-tech Editor) reporting from Netherlands Amsterdam—Head Google AI, Ghana, Moustapha Cisse, yesterday revealed that there are ongoing plans to see that Artificial Intelligence, AI, helps in managing Nigerian and other African economies, particularly in the areas of flood, disaster management, technological inn ovations, and health among others.
The Senegalese born Research Scientist, made the revelation at the Google Making AI event in Amsterdam, Netherlands.
According to him, a lot of collaborations between Google and some higher institutions of learning, Research centres and some professors in Nigeria are ongoing and will help drive down the benefits of AI and other new technologies to the country.
The Senegalese born Research Scientist, made the revelation at the Google Making AI event in Amsterdam, Netherlands.
According to him, a lot of collaborations between Google and some higher institutions of learning, Research centres and some professors in Nigeria are ongoing and will help drive down the benefits of AI and other new technologies to the country.
He said although Google is building an AI lab in Ghana, Nigeria was also in pole position to benefit because science and technology do not create barriers.
He advised African countries to design a common collaborative template so that the continent doesn’t play catch up with the wave of technogical innovations sweeping across the globe.
He said: “There are a lot of Google tech initiatives in Africa, from Nigeria to Ghana and the rest, partnerships and collaborations are needed to exploit potentials” Reacting to the development, National Coordinator, Office for ICT Innovation and Entrepreneurship, National Information Technology Development Agency, NITDA, Dr Amina Sambo- Magaji who also participated at the forum, said government was ready to absorb the outcome of the collaborations and use same for common good of Nigerians. She said: “The National Information Technology Development agency is developing technology hubs in collaboration with the NSIO, where over 80 digital job creation centres are annually deployed across the country.
“NITDA has empowered its two subsidiaries, Office for the Nigerian Content (ONC) and Office for ICT Innovation and Entrepreneurship (OIIE) to ensure the enforcement of the local content policy and create an enabling environment for the Nigerian Technology Entrepreneurship ecosystem respectively.”
Wednesday, November 7, 2018
The 'Mona Lisa' of Nigeria returns back home
The Nigerian Mona Lisa, a painting lost for more than 40 years and found in a London flat in February, is being exhibited in Nigeria for the first time since it disappeared.
"Tutu", an art work by Nigeria's best-known modern artist, Ben Enwonwu, was painted in 1974. It appeared at an art show in Lagos the following year, but its whereabouts after that were unknown, until it re-surfaced in north London.
The owners - who wished to remain anonymous - had called in Giles Peppiatt, an expert in modern and contemporary African art at the London auction house Bonhams, to identify their painting. He recognized Enwonwu's portrait.
"It was discovered by myself on a pretty routine valuation call to look at a work by Ben Enwonwu," said Giles Peppiatt, director of contemporary African art at Bonhams. "I didn't know what I was going to see. I turned up, and it was this amazing painting. We'd had no inkling 'Tutu' was there."
How it got there remains a bit of a mystery, Peppiatt said.
"All the family that owned it know is that it was owned by their father, who had business interests in Nigeria. He traveled and picked it up in the late or mid-70s."
The family put the portrait up for sale, and it was auctioned for 1.2 million pounds ($1.57 million) in February to an anonymous buyer. The sale made it the highest-valued work of Nigerian modern art sold at auction.
"Tutu" was loaned to the Art X Lagos fair, held from Friday to Sunday, by Access Bank, the organizers said in a statement. Peppiatt said Access arranged the loan but is not the painting's owner.
"'Tutu' is referred to as the African 'Mona Lisa' by virtue of this disappearance and re-emergence, and it is the first work of a modern Nigerian artist to sell for over a million pounds," said Tokini Peterside, the art fair's founder.
The original Mona Lisa, Leonardo da Vinci's masterpiece, was stolen from the Louvre in 1911. The thief, Vincenzo Peruggia, eventually took it to Italy, where it was recovered and in 1914 returned to the Louvre.
The Nigerian painting is a portrait of Adetutu Ademiluyi, a grand-daughter of a traditional ruler from the Yoruba ethnic group. It holds special significance in Nigeria as a symbol of national reconciliation after the 1967-70 Biafran War.
Enwonwu belonged to the Igbo ethnic group, the largest in the southeastern region of Nigeria, which had tried to secede under the name of Biafra. The Yoruba, whose homeland is in the southwest, were mostly on the opposing side in the war.
Enwonwu painted three versions of the portrait. One is in a private collection in Lagos, while Peppiatt is hunting the third in Washington D.C., the expert said. Prints first made in the 1970s have been in circulation ever since and the images are familiar to many Nigerians. Enwonwu died in 1994. ($1 = 0.7649 pounds)
"Tutu", an art work by Nigeria's best-known modern artist, Ben Enwonwu, was painted in 1974. It appeared at an art show in Lagos the following year, but its whereabouts after that were unknown, until it re-surfaced in north London.
The owners - who wished to remain anonymous - had called in Giles Peppiatt, an expert in modern and contemporary African art at the London auction house Bonhams, to identify their painting. He recognized Enwonwu's portrait.
"It was discovered by myself on a pretty routine valuation call to look at a work by Ben Enwonwu," said Giles Peppiatt, director of contemporary African art at Bonhams. "I didn't know what I was going to see. I turned up, and it was this amazing painting. We'd had no inkling 'Tutu' was there."
How it got there remains a bit of a mystery, Peppiatt said.
"All the family that owned it know is that it was owned by their father, who had business interests in Nigeria. He traveled and picked it up in the late or mid-70s."
The family put the portrait up for sale, and it was auctioned for 1.2 million pounds ($1.57 million) in February to an anonymous buyer. The sale made it the highest-valued work of Nigerian modern art sold at auction.
"Tutu" was loaned to the Art X Lagos fair, held from Friday to Sunday, by Access Bank, the organizers said in a statement. Peppiatt said Access arranged the loan but is not the painting's owner.
"'Tutu' is referred to as the African 'Mona Lisa' by virtue of this disappearance and re-emergence, and it is the first work of a modern Nigerian artist to sell for over a million pounds," said Tokini Peterside, the art fair's founder.
The original Mona Lisa, Leonardo da Vinci's masterpiece, was stolen from the Louvre in 1911. The thief, Vincenzo Peruggia, eventually took it to Italy, where it was recovered and in 1914 returned to the Louvre.
The Nigerian painting is a portrait of Adetutu Ademiluyi, a grand-daughter of a traditional ruler from the Yoruba ethnic group. It holds special significance in Nigeria as a symbol of national reconciliation after the 1967-70 Biafran War.
Enwonwu belonged to the Igbo ethnic group, the largest in the southeastern region of Nigeria, which had tried to secede under the name of Biafra. The Yoruba, whose homeland is in the southwest, were mostly on the opposing side in the war.
Enwonwu painted three versions of the portrait. One is in a private collection in Lagos, while Peppiatt is hunting the third in Washington D.C., the expert said. Prints first made in the 1970s have been in circulation ever since and the images are familiar to many Nigerians. Enwonwu died in 1994. ($1 = 0.7649 pounds)
Tuesday, November 6, 2018
Nigeria reaches agreement with Labor union's 66% minimum wage demand
Nigeria’s biggest labor union reached an agreement with the government to increase the minimum wage by 66 percent, adding to inflationary pressures and reducing state funds for infrastructure.
The Nigeria Labour Congress called off its threat to hold a nationwide strike from Tuesday in the wake of the accord, spokesman Benson Upah said by phone from Abuja, the capital. A report on the agreement will be presented to President Muhammadu Buhari on Tuesday afternoon.
The accord comes before Buhari seeks a second term in presidential elections scheduled for February.
Raising the minimum wage to 30,000 naira ($83) a month adds to inflation pressures at a time when the government is being urged to stop capping the cost of gasoline and curb spending on subsidies. Price-growth, which has been above the authorities target of 6 percent to 9 percent for more than three years, has led the central bank to keep the benchmark interest rate at a record high of 14 percent since July 2016.
Buhari has already set aside 160 billion naira to provide for wage increases next year. That will weigh on the state’s ability to sustain its pledge of increasing investment in roads, ports and power that’s needed to spur growth, according to analysts including Cheta Nwanze, head of research at Lagos-based risk advisory SBM Intelligence.
“An increase in the minimum wage may provide a temporary lift to spending, but as we saw in 2011, it rarely brings about a sustained improvement in the economy,” said Razia Khan, head of macroeconomic research at Standard Chartered Bank Plc. “If anything, the risk is that it will serve as an additional drag on public finances.”
The Nigeria Labour Congress called off its threat to hold a nationwide strike from Tuesday in the wake of the accord, spokesman Benson Upah said by phone from Abuja, the capital. A report on the agreement will be presented to President Muhammadu Buhari on Tuesday afternoon.
The accord comes before Buhari seeks a second term in presidential elections scheduled for February.
Raising the minimum wage to 30,000 naira ($83) a month adds to inflation pressures at a time when the government is being urged to stop capping the cost of gasoline and curb spending on subsidies. Price-growth, which has been above the authorities target of 6 percent to 9 percent for more than three years, has led the central bank to keep the benchmark interest rate at a record high of 14 percent since July 2016.
Buhari has already set aside 160 billion naira to provide for wage increases next year. That will weigh on the state’s ability to sustain its pledge of increasing investment in roads, ports and power that’s needed to spur growth, according to analysts including Cheta Nwanze, head of research at Lagos-based risk advisory SBM Intelligence.
“An increase in the minimum wage may provide a temporary lift to spending, but as we saw in 2011, it rarely brings about a sustained improvement in the economy,” said Razia Khan, head of macroeconomic research at Standard Chartered Bank Plc. “If anything, the risk is that it will serve as an additional drag on public finances.”
Monday, November 5, 2018
Video - UN condemns recent violence on Borno communities in Nigeria
The United Nations has condemned an attack on villagers in Northern Nigeria by Boko Haram militants. The spokesperson for the United Nations Office for the Coordination of Humanitarian Affairs, Jens Laerke appealed to the authorities to ensure the safety of vulnerable communities. On Wednesday, Boko Haram attacked several villages in Maiduguri, killing at least 15 people.
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