NAIJAFEED

Friday, February 3, 2012

Video - Boko Haram attacks keeping Christians in hiding

In Nigeria, Islamic militant attacks have Christian parents keeping children home from school.

United Nations says Boko Haram must not divide Nigeria

Video - Boko Haram leader declares war on Christians

President Goodluck Jonathan looking to increase Nigeria's refining capacity

President Goodluck Jonathan has begun moves to raise domestic petroleum refining capacity for the country in a bid to reduce importation of petroleum products.

Speaking when he received a delegation of Brazilian investors at the State House yesterday, the President assured them of government willingness to raise local production by issuing licenses for private refineries.

The delegation led by Chairman of the Voigt Group, Mr. Reuben Voigt, is in the country to explore means of investing in various sectors that include housing, power, petroleum refining and oil spillage clearing.

President Jonathan told the delegation that with four refineries, Nigeria is unable to provide enough petroleum products for its domestic use saying, "we are willing to approve applications for refining licenses."

He said Nigeria is "still a green area in terms of investments and government has opened up sectors of the economy, which were previously restricted to private sector investments."

The President therefore directed Coordinating Minister for the Economy, Ngozi Okonjo-Iweala to hold discussions with the Voigt Group to explore areas of mutual cooperation.

In his speech earlier, Mr. Voigt said his firm is donating 120,000 housing units to Nigeria in the next three years while exploring areas of investment.

The delegation was led to the State House by Mrs. Ngozi Olajeme of the Nigeria Social Insurance Trust Fund (NSITF).

Daily Trust

Video - Reaction to reinstated fuel subsidy

Wednesday, February 1, 2012

Doubts on Arsenal tour of Nigeria due to security issues

Passionate football lovers in Nigeria, who already look forward to the proposed Arsenal pre-season playing tour of the country in June, may have their hopes dashed if feelers emanating from the English Premier League club are anything to go by.

Stakeholders in the English Premier League side are beginning to query the rationale behind taking the players on a tour of a country 'plagued by terrorist bomb blasts.'

Arsenal officials had last month visited Nigeria to inspect facilities and met with the Nigeria Football Federation (NFF) to discuss the tour, scheduled for July.

Also, in mid January 2012, organisers of the proposed tour, DanJan Sports, which features Razaq Bello-Osagie, Shehu Dikko and David Omigie met with Arsenal officials at the Emirates Stadium to finalise details for the planned visit, which will be the club's first ever visit to Africa.

Arsenal Manager Arsene Wenger, according to the club, has ratified summer tour of Nigeria, but concerned members of the club wonder if safety is an issue.

'The powers that be who pull the purse strings are keen to cash in on the fact that Arsenal have the biggest fan base (in Nigeria) of any Premier League side (basically because of Nwankwo Kanu who played for the Gunners between 1999 and 2004) and they reason that taking the brand there makes sense for so many reasons,' said the stakeholders in a memo posted on Arsenal's website where posers were raised about the Nigeria tour.

'But is safety an issue? The country (Nigeria) has endured spates of sectarian violence over the years, though some of the conflict stems from economic and political factors as well.

'The militant group, Boko Haram claimed responsibility for multiple bombings in the northern city of Kano that killed at least 185 people.

Boko Haram killed more than 500 people last year and more than 250 in the first weeks of 2012 in gun and bomb attacks. President Goodluck Jonathan has said members of the Islamist sect have infiltrated the security services and all areas of government.

'Naturally, security must have been discussed and presumably the club is happy with the assurances they have received that their safety will be guaranteed. Will that change if troubles escalate?'

Despite plans that Arsenal matches during the pre-season tour would be played in Lagos and Abuja, which are relatively peaceful, the stakeholders pointed out that bomb blasts have occurred in Abuja, while soldiers were deployed on the streets of Lagos only a few weeks ago to quell protests against the removal of petroleum subsidy.

The stakeholders urged Arsenal to instead 'hop over the pond to the United States, given that owner Stan Kroenke is an American.'

Efforts made at reaching the Nigerian promoters of the pre-season tour for their reaction to the development proved abortive. Calls made to Shehu Dikko's mobile telephone repeatedly yielded a 'not available' feedback.

DanJan Sports had in 2008 facilitated a pre-season tour of Nigeria by Manchester United and Portsmouth.

The Moment

Arsenal to tour Nigeria in 2012

Jose Mourinho begins tour of Nigeria

Non-Oil Sectors to Boost Economic Growth in Nigeria

Nigerian economy is expected to grow by 7 per cent in 2012 and 2013, thanks to solid performance in industries outside of its bedrock oil sector, a research by Reuters has revealed.

The forecasts, based on a poll of 11 analysts, painted a strikingly positive outlook for the nation's economy, which has started 2012 on a decidedly shaky footing.

The decision by the Federal Government to remove subsidy from the pump price of fuel sparked protest and a nationwide strike embarked upon by organised labour to force government to reverse its decision, a situation that resulted to a huge loss to the economy.

"President Goodluck Jonathan was forced to row back on the removal of costly fuel subsidies after a wave of strikes and protests, Boko Haram has dramatically stepped up a three-year insurgency.

The group, whose name means "Western education is sinful" in northern Nigeria's Hausa language, has killed nearly 1,000 people since 2009, including at least 178 last week in a series of gun and bomb attacks in Kano, Nigeria's second biggest city," reported Reuters

"The political battle to end the petrol price subsidy in January is in many ways a microcosm of the wider political battle within the political elite over the reform process," Citibank said in a note.

"Its eventual outcome will be a clear indication of the potential speed with which the current government can implement structural reforms in 2012." GDP growth in Africa's most populous nation dipped to 7.4 per cent in the third quarter of 2011, a year earlier, from 7.7 per cent in the second quarter. The government's forecast for 7.0 per cent in 2011 is in line with Reuters' consensus. Despite the political instability, analysts said the allure of such a huge consumer market will continue to attract investment.

"We expect to see strong growth in Nigeria, bolstered by robust expansion in the non-oil sectors, particularly retail, telecoms and construction," said Gregan Anderson of London-based risk consultancy, Business Monitor International.

The poll suggested inflation would average 10.7 per cent in 2012 before easing to 10.4 per cent next year. The main factors driving prices would be food and fuel, as well as the weak naira currency.

Consumer inflation edged down slightly in December to 10.3 per cent, although food inflation quickened to 11 per cent from 9.6 per cent the previous month. The central bank raised rates last year by 600 basis points to 12 per cent to support a struggling naira and keep inflation in single digits.

The naira is expected to ease slightly to 162.2 against the dollar by the end of the first quarter, firm to 161.8 three months later, and end finally firming to its current level of 160 at the end of the year.

This Day

Video - Navigating Nigeria's petroleum industry

Monday, January 30, 2012

Major Hamza Al-Mustapha sentenced to death by hanging

Embattled former Chief Security Officer, CSO, to late Head of State, General Sani Abacha, Major Hamza Al-Mustapha and a protocol officer in the MKO Abiola campaign organisation, Alhaji Lateef Shofolahan, today, at the Lagos High Court sitting in Igbosere, were sentenced to death by hanging for the conspiracy to murder and murder charge preferred against them.

Justice Mojisala Dada of Lagos High Court sitting in Igbosere delivered the judgment Monday afternoon.

“Evidence proves Al-Mustapha, Sofolahan killed Kudiratu Abiola”

Judge Mojisola Dada of the Lagos high court ruled that Army Major Hamza Al-Mustapha, chief security aide to Abacha, was guilty of conspiracy and murder of Kudiratu Abiola, wife of late presidential candidate Moshood Abiola.

“Evidence was manifestedly heavy that they killed Kudiratu Abiola. In view of this, they are guilty of conspiracy and murder,” Dada said in her ruling which lasted several hours.

“The prosecution has proved its case beyond all reasonable doubt. In view of this, they should be hanged.”

The annulment of the 1993 elections helped paved the way for Abacha’s rise to power.

Al-Mustapha was the powerful chief security officer to Abacha, who ruled Nigeria with iron hand from November 1993 to July 1998 when he died.

Abiola was a wealthy businessman and presidential candidate jailed in 1994 after he challenged the military’s decision to annul the vote. He died in jail a month after Abacha’s death in circumstances yet to be clarified.

The judge said Sofolahan “acted as Judas Iscariot. He was friend to the Abiola family in the open and enemy in secret. He sacrificed his master (Abiola) because of his personal greed. He was a viper.”

Al-Mustapha’s defence lawyer Olalekan Ojo said he would appeal the court judgement.

Vanguard