Tuesday, April 23, 2024

Nigeria seeking up to $2.25 bln in World Bank loans

Nigeria is seeking up to $2.25 billion in World Bank loans and expects the bank's board to approve the request in June, the government said in a statement following the IMF/World Bank spring meetings in Washington, D.C.

Nigeria also aims to issue diaspora bonds later this year to attract much-need foreign exchange into the country, Finance Minister Wale Edun said in the statement.

The World Bank loans would comprise $1.5 billion in development policy financing and $750 million in programme-for-results financing, the statement said, adding the bank would meet in June to consider final approval of the package.

The World Bank did not immediately comment on the statement.

Nigeria, typically Africa's largest oil exporter, has faced a shortage of foreign exchange that pushed its naira currency to record lows versus the U.S. dollar this year, though it has since rebounded.

President Bola Tinubu also inherited an economy saddled with record debt, high unemployment and large central bank financing, though Edun, in an interview with Reuters last week, said the government had halved federal borrowing from the central bank.


By Maxwell Akalaare Adombila
, Reuters

Chess Master from Nigeria plays the royal game for 60 hours in New York — a new global chess record

A Nigerian chess champion and child education advocate played chess nonstop for 60 hours in New York City’s Times Square to break the Guinness World Record for the longest chess marathon.


Tunde Onakoya, 29, hopes to raise $1 million for children's education across Africa through the record attempt that began on Wednesday.

He had set out to play the royal game for 58 hours but continued until he reached 60 hours at about 12:40 a.m. Saturday, surpassing the current chess marathon record of 56 hours, 9 minutes and 37 seconds, achieved in 2018 by Norwegians Hallvard Haug Flatebø and Sjur Ferkingstad.

The Guinness World Record organization has yet to publicly comment about Onakoya’s attempt. It sometimes takes weeks for the organization to confirm any new record.

Onakoya played against Shawn Martinez, an American chess champion, in line with Guinness World Record guidelines that any attempt to break the record must be made by two players who would play continuously for the entire duration.

Support had been growing online and at the scene, where a blend of African music kept onlookers and supporters entertained amid cheers and applause. Among the dozens who cheered Onakoya on at the scene was Nigerian music star Davido.

The record attempt is “for the dreams of millions of children across Africa without access to education,” said Onakoya, who founded Chess in Slums Africa in 2018. The organization wants to support the education of at least 1 million children in slums across the continent.

“My energy is at 100% right now because my people are here supporting me with music,” Onakoya said Thursday evening after the players crossed the 24-hour mark.

On Onakoya's menu: Lots of water and jollof rice, one of West Africa’s best-known dishes.

For every hour of game played, Onakoya and his opponent got only five minutes' break. The breaks were sometimes grouped together, and Onakoya used them to catch up with Nigerians and New Yorkers cheering him on. He even joined in with their dancing sometimes.

A total of $22,000 was raised within the first 20 hours of the attempt, said Taiwo Adeyemi, Onakoya's manager.

“The support has been overwhelming from Nigerians in the U.S., global leaders, celebrities and hundreds of passersby," he said.

Onakoya’s attempt was closely followed in Nigeria, where he regularly organizes chess competitions for young people living on the streets.

More than 10 million school-age children are not in school in the West African country — one of the world’s highest rates.

Among those who have publicly supported him are celebrities and public office holders, including Nigeria’s former Vice President Yemi Osinbajo, who wrote to Onakoya on the social media platform X, “Remember your own powerful words: 'It is possible to do great things from a small place.’"

By Chinedu Asadu, AP

Related story: Tunde Onakoya attempts to break chess marathon record

 

Monday, April 22, 2024

Video - Domestic airlines in Nigeria struggle to stay afloat as price of aviation fuel soars



According to industry research, aviation fuel constitutes nearly 60 percent of operational costs for domestic airlines. The price has soared by 109 percent over the past two years, jeopardizing the survival of many of Nigeria's domestic air carriers.

CGTN 

Related story: Nigeria suspends permit of 3 private jet operators

 

 

 

Video - Nigeria President says no to ransom payment amid spike in kidnappings



Nigerian President Tinubu says ransoms will no longer be paid to kidnappers who have made the crime a business in the West African nation. He made the declaration during the commemoration of the 10th anniversary of the kidnapping of 276 school girls from the town of Chibok in the country's northern region.

CGTN

Related stories: Video - Abductions in Nigeria surge despite raft of measures by authorities

Gunmen abduct 287 students in northwestern Nigeria in latest school attack

 

 

Cybercrime reforms in Nigeria leave journalists at risk

The officers treated journalist Saint Mienpamo Onitsha as if he was violent and dangerous. Guns drawn, they arrested him at the home of a friend, drove him to the local police station in Nigeria’s southern Bayelsa State, and then flew him to the national capital, Abuja.

A week later, they charged Onitsha under the country’s 2015 Cybercrimes Act and detained him over his reporting about tensions in the oil-rich Niger Delta region. This was in October 2023. He was released on bail in early February and is due to appear before a court on June 4.

The Cybercrimes Act is tragically familiar to Nigeria’s media community. Since its enactment, at least 25 journalists have faced prosecution under the law, including four arrested earlier this year. Anande Terungwa, a lawyer for Onitsha, described the law to me as a tool misused to “hunt journalists”.

For years, media and human rights groups had been calling for the act to be amended to prevent its misuse as a tool for censorship and intimidation. Then, in November last year, Nigeria’s Senate proposed amendments and held a public hearing to help shape changes. The Committee to Protect Journalists (CPJ), alongside other civil society and press groups, submitted recommended reforms.

On February 28, Nigerian President Bola Tinubu signed amendments to the act, including revisions to a section criminalising expression online, according to a copy of the law shared with me by Yahaya Danzaria, the clerk of Nigeria’s House of Representatives. The changes, which have yet to be published in the government gazette, have buoyed hopes for improved press freedom, but the law continues to leave journalists at risk of arrest and surveillance.

“It’s better, but it’s definitely not where we want it to be,” Khadijah El-Usman, senior programs officer with the Nigeria-based digital rights group Paradigm Initiative, told me in a phone interview about the amended law. “There are still provisions that can be taken advantage of, especially by those in power.”

One of the primary concerns has been Section 24 of the law, which defines the crime of “cyberstalking”. It is this section that authorities repeatedly used to charge journalists, and it is one of the sections that was amended.

Under the previous version of the law, Section 24 criminalised the use of a computer to send messages deemed “grossly offensive, pornographic or of an indecent, obscene or menacing character”, and punished such offences with up to three years in prison and a fine. The same punishment applied for sending knowingly false messages “for the purpose of causing annoyance” or “needless anxiety”. In practice, this meant journalists risked jail time based on highly subjective interpretations of online reporting.

The amended version maintains the heavy penalty, but refines the offence as computer messages that are pornographic or knowingly false, “for the purpose of causing a breakdown of law and order, posing a threat to life, or causing such messages to be sent”. While the narrower language is welcome, the possibility for abuse remains.

“It could have been more specific in wording,” Solomon Okedara, a Lagos-based digital rights lawyer, told me after reviewing the amended section. He said it was an improvement because the burden of proof to bring charges is higher, but still leaves room for authorities to make arrests on claims that certain reporting has caused a “breakdown of law and order”.

It remains to be seen exactly how these changes will affect the cases of journalists and others previously charged under now-amended sections. “It is now for the lawyers to use,” Danzaria explained. “You cannot use an old law to prosecute somebody…if [the case] is ongoing, the new law supersedes whatever was in place.”

For Onitsha’s case, Terungwa said he would seek to incorporate the amendments into his defence in court. CPJ continues to call for authorities to drop all criminal prosecutions of journalists in connection with their work.

Another issue with the law – even after the recent amendments – is how it may permit surveillance abuses. Section 38 of Nigeria’s Cybercrimes Act fails to explicitly require law enforcement to obtain a court-issued warrant before accessing “traffic data” and “subscriber information” from service providers. This oversight gap is particularly concerning given how Nigeria’s police have used journalists’ call data to track and arrest them.

“I’m looking towards a future cybercrimes act that respects human rights,” El-Usman emphasised, noting the need for laws that guard against abuses, not just in Nigeria, but across the region. From Mali to Benin to Zimbabwe, authorities have used cybercrime laws and digital codes to arrest reporters for their work. Journalists’ privacy is also broadly under threat.

Jonathan Rozen, Al Jazeera

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British-Nigerian hacker pleads guilty to $6m fraud in US court