Friday, August 10, 2012

Small business in Nigeria suffering from lack of electricity and corruption

A world investment report conducted by the World Bank on the investment climate in Nigeria, which focused on 26 states in the countrya, revealed that 4.3 per cent of sales in the manufacturing sector was lost as a result of power failure.

Lead Private Sector Development specialist at the World Bank, Mr Michael Wong, who presented the report in Abuja yesterday, called for urgent implementation of policies that would boost economic development in the country and arrest the situation.

The report also x-rayed some of the challenges confronting the growth of small businesses in the country and identified lack of funding, insufficient power supply, and corruption as some of the key factors militating against the economic growth of the country.

But in spite of these challenges the Minister of Trade and Investment, Dr. Olusegun Aganga, said there was hope for the country.

He said that despite the challenges, Nigeria's global ranking on investment flow rose to 47 per cent last year.

Aganga also said that the country's growth rate in the past 10 years had consistently remained at 7 per cent.

However, there was a consensus by experts at the presentation of the report that these figures and percentage had not translated into job creation nor addressed the widespread poverty in the land.

Wednesday, August 8, 2012

Video - Oil theft in Nigeria on the rise



A sophisticated criminal network has stepped up its operations in Nigeria's Bayelsa State costing state and oil companies as much as a billion dollars per month. Royal Dutch, Shell Oil Company's Nigerian subsidiary, says that between 150,000 and 180,000 barrels of oil are stolen daily from its pipelines and wells. Government estimates are twice this amount. The trade in stolen oil involves international traders who provide oil at discounted prices to refineries in other parts of the world. And as Al Jazeera's Mohammed Adow exclusively reports from Bayelsa State, the impact of oil theft on the environment is devastating.



57 percent of varsity lecturers in Nigeria don't have PhDs'

About 57 per cent of the 36,000 lecturers in 61 public universities in Nigeria which is 20,520 have no PhDs and it is crippling the quality of manpower in the system, Executive Secretary of the Tertiary Education Trust Fund (TETFund), Professor Mahmmod Yakubu, has said.

Yakubu, who spoke in Abuja yesterday at a meeting for heads of tertiary institutions, said after conducting the needs assessment of Nigerian universities, indi-cated a disproportionate number of students registered for undergraduate studies.

He said 85 per cent of students were enrolled for undergraduate studies, 5 per cent sub-degree, 5 per cent for postgraduate for diploma, 3 per cent for postgraduate masters and only 2 per cent PhD candidates.

The Federal Government had recently appealed to first generation universities to concentrate more on postgraduate studies to fill the dearth of quality manpower.

The University of Ilorin which now has a 60:40 per cent ratio in favour of postgraduate studies and the University of Ibadan are the only universities in compliance.

In July when the National Universities Commission (NUC) presented the benchmark minimum academic standards for Postgraduate Programmes, Education Minister Professor Ruqayyatu Rufai directed the commission to seek funding from TETfund to conduct a staff and student audit of all public universities in Nigeria to verify the number of shortfall of lecturers in the system.

The last verification exercise conducted by NUC was in 2007 where it was revealed that about 61 per cent of the 25,000 lecturers were Lecturer 1 and below with little capacity for research.

That survey also revealed that tertiary institutions have a shortfall of 61,738 academic staff especially in the areas of science and technology.

Tuesday, August 7, 2012

Church attacked in Kogi, Nigeria. 16 dead

Gunmen numbering about 10 last night stormed the Deeper Life Bible Church at Otite in Adavi Local Government Council of Kogi State, killing about 16 worshippers in the process.

The attack is coming on the heels of a similar one in Maiduguri, the Borno State capital on Sunday night, where four people were feared killed in their homes by suspected members of the Boko Haram sect.

Also, some unidentified gunmen Monday attacked a police station in Shagari Local Government Area of Sokoto State.

However, an eyewitness account said members of the Deeper Life Bible Church were attending night service when the gunmen struck.

The eyewitness further stressed that students of the Federal College of Education and motorists travelling across the town either to the Northern or Southern parts of the country had to take cover to avoid the rampaging of the gunmen.

The gunmen were said to have arrived the church in a Toyota Hiace bus and immediately started shooting sporadically as they made their way into the church.

The worshipers, who were caught napping could not escape immediately as the gunmen allegedly blocked the entrance of the church and then opened fire on the worshipers.

Though some worshipers were lucky to have escaped during the attack, which lasted for about 20 minutes, others, however, could not.

When THISDAY called on the Police Public Relations (PRO) Unit, one of the spokesperson, Mr. Ajayi Okasomi, confirmed the attack but said they are still awaiting official report from the Divisional Police Officer in Okene.

Also confirming the attack, the Joint Task Force Commander in the state, Lt Col. Gabriel Olorunyomi, confirmed the attack.

Olorunyomi said 15 worshippers died on the spot while the attack lasted, stressing that another died on the way to the hospital.

The commander said many of the injured persons were rushed to hospitals in Lokoja, a distance of 40 minutes drive from Okene.

He said the casualty figure might rise considering that some of the worshippers sustained serious injuries.

It would be recalled that in the last few weeks there is hardly a day without two or more people being killed in their residences.

The killings, which include the low and mighty, seem to be a change of strategy by the Islamic fundamentalist group.

The new strategy is believed to have been evolved by the group to keep them in the consciousness of the public after they have been prevented from wreaking havoc on military and strategic installations including markets and places of worship by the presence of heavy security.

Meanwhile, the Joint Task Force (JTF) Monday alerted the public of plan by Boko Haram members to undertake massive snatching of vehicles in Maiduguri and its environs, which they would later use for their suicide mission.

The vehicles, according to the task force, would be laden with explosive and used to bomb strategic locations and cause beach of peace in the town and perhaps neighbouring towns.

The statement signed by the task force Field Operations Officer, Col. Victor Ebhaleme, read: "The JTF wishes to alert members of the public of the desperate moves by Boko Haram terrorists to steal and snatch vehicles for suicide bombings."

Ebhaleme in the statement further asked those whose vehicles have been stolen to immediately report such incidents to the nearest police station or to the JTF.

In Sokoto, THISDAY checks revealed that the gunmen arrived the police station on motorcycles when residents of the area were about to break their fasting and engaged the policemen in a gun duel.

It was also gathered that the exchange of gunfire lasted for about one hour after which the gunmen detonated the bomb at the station.

Unconfirmed reports from the area revealed that some policemen on duty were injured.

When contacted, the state Police Public Relations Officer (PPRO), DSP Sani Sanusi, declined to comment on the attacks.

He maintained that the state Commissioner of Police had mandated him not to comment on the issue until today.

"Please I am not in a position to confirm the incident to you because my boss has mandated me not to say anything till tomorrow," Sanusi said.

Meanwhile, President of the Senate, Senator David Mark, Monday lamented the killing of six soldiers and two police officers serving with JTF in Damaturu, Yobe State.

The eight security personnel lost their lives at the weekend when a suicide bomber riding on a Sports Utility Vehicles (SUV) rammed into them at a security post.

Mark described their death as shocking and commiserated with the Chief of Army Staff, Lt. Gen. Azubuike Ihejirika, and the Inspector General of Police (IG), Mr Mohammed Abubakar, on the loss.

He also expressed condolences to the Government and people of Yobe State as well as the families of the officers and men who died in the attack.

Monday, August 6, 2012

Nigerian footballer dies in Romania

A young Nigerian football, Henry Chinonso Ihelewere on Sunday slumped and died while playing for his club Delta Tulcea in Romania.

The 21-year-old striker suddenly collapsed with no one around him after 15 minutes of the game involving division two teams Delta and FC Balote?ti. Medics battled for an hour trying to resuscitate the player, he never regained consciousness and was pronounced dead at the hospital.

"What can I say? We're all shocked," Universitatea Cluj boss Cristian Dulca, who previously coached the player, was quoted as saying. "It's a tragic day for Romanian football.

"I trained him for a year and a half and I can tell you he was a real example in training. He could've become a very good player."

Ihelewere had been playing in Romania since 2007, when he was transferred to FC Farul. He was part of a group of Nigerian players brought to play in Romania's second division. Abdul Razak Mansur is the other Nigerian player at the club.

Just few months back, Fabrice Muamba a midfielder for Bolton Wanderers in UK collapsed on the football pitch in a match against Tottenham. Muamba stopped breathing and many thought he death his heart 're-started' again after 78 minutes at the London Chest Hospital.

Vanguard