Wednesday, February 21, 2024

E-gates to be installed at all international airports in Nigeria

Nigeria’s Ministry of Interior has announced that biometric e-gates are currently being installed at Nnamdi Azikiwe International Airport in Abuja and at the e-border data and control center at the Nigeria Immigration Service headquarters.


Dr Olubunmi Tunji-Ojo, honorable minister of interior, said e-gates will be installed across all five of Nigeria’s international airports, providing Nigerians with streamlined arrival while the e-border system will enhance national security.


As of February 19, four out of the planned 10 gates have been installed at the airport. It is expected that the remaining six gates will be operational before the end of the month.

Dr Tunji-Ojo said the new gates will reduce waiting times for arriving passengers. “With an impressive clearance time of just 30 seconds per individual, the gates are set to establish a new standard for efficiency in airport processing, comparable to global benchmarks.”

They are also designed to enhance national security by providing an additional layer of scrutiny for inbound travelers. “Through advanced biometric scanning and automated flagging systems, the gates will swiftly identify individuals of interest or those on watchlists, bolstering the efforts of the Nigeria Immigration Service to safeguard the nation’s borders,” the minister said.

In total, the nationwide project aims to deliver a total of 40 e-verification gates across multiple airports by the end of the first quarter. These installations will include 10 gates in Abuja, 17 in Lagos, five in Kano and four each in Enugu and Port Harcourt.

By Kylie Bielby, Passenger Terminal Today 

Related story: Video - Aviation sector sees record growth in Nigeria

Video - Nigeria sees hundreds hit the streets over growing crisis



The protesters say they want immediate action from the government to help reduce the soaring cost of living in the country.

CGTN

Related story: Protests in Nigeria over skyrocketing inflation as local currency hits record low value

Naira hits record lows, stocks sink

 

 

Nigeria plans clampdown on Binance, other crypto firms

The Nigerian government is considering blocking the online platforms of Binance and other crypto firms to avert what it considers continuous manipulation of the forex market and illicit movement of funds, officials with knowledge of the policy option have told PREMIUM TIMES.

The recent unprecedented weakening of the Nigerian currency has seen the naira falling to all-time low of N1,800 to a dollar in the parallel market.

Presidency and regulatory sources say the government decided to move against Binance and other crypto firms following reports that currency speculators and money launderers were using them to execute criminal activities. Authorities believe the ‘criminal activities’ going on on platforms are contributing significantly to the weakening of the naira.

Binance, a digital assets platform, serves as a window for peer to peer transaction allowing users to advertise interest to sell or buy currencies of their choice.

In September 2023, Nigeria’s Securities and Exchange Commission (SEC) placed a disclaimer on Binance Nigeria Limited, saying the platform was “neither registered nor regulated by the Commission and its operations in Nigeria are therefore illegal”.

Despite the warning by the regulatory agency, the firm continued its operation, attracting huge patronage especially among urban youths and suspected speculators and money launderers.

Aside suspicions of economic sabotage, officials also speak of national security concerns as the platforms are often patronised by other criminal groups including for payment of ransom.

Law enforcement sources say the digital asset platforms are also routinely deployed for manipulation of forex values through fake deals that serve to prop up values or cause a fall.

A source at the Economic and Financial Crimes Commission (EFCC) involved in probing criminal complaint against digital asset platforms, who was however not authorised to speak to the press, described the process as a “sophisticated heist against the Nigerian economy”.


According to her, by allowing simultaneous opening of buy and sell windows for a single user, manipulators often fake interest to sell dollars which they then buy at a speculated rate to themselves through the buy window.


“This therefore gives the dollar a fake value against the naira which then sets a frenzy and mislead the market. This fake price is then often quoted by BDCs who raise their prices to meet the Binance benchmark even without any corresponding demand in that segment,” she said.

A senior executive at the Central Bank of Nigeria (CBN) described as “troubling” the bearish downward trade of the naira against the dollar in the last 10 days, attributing it to artificial devaluation caused by the speculative sites.

“Through manipulative rent seeking, Binance’s global reach results in higher USD to NGN exchange rates often being used as a benchmark for currency trading, misleadingly devaluing the Naira in global markets.”

But he added that trading on the platform is encouraged by activities of money-launderers and terrorist financiers “who have no qualms with the arbitrage”.

“We started noticing this sharp trend from February 9, and since then it has caused significant devaluation of the naira against the USD. This is simply criminal,” he said.

Binance has had similar accusations of currency manipulation and unethical conduct leading to sanctions in many countries and an ongoing lawsuit in the United States.

If the government decides to invoke a ban on the digital asset trading site it would be treading the path of countries like Malaysia, France and Malta, among others.

The Office of the National Security Adviser (ONSA) had announced Tuesday that it was joining forces with the Central Bank of Nigeria to clamp down on currency speculators and economic saboteurs.

The Head of Strategic Communication at ONSA, Zakari Mijinyawa, hinted in his Tuesday statement that individuals and organisations involved in wrongful activities in Nigeria’s Forex market would be identified, investigated and penalised.

Contacted on Thursday night on the planned clampdown on Binance and other crypto firms, Mr Mijinyawa said he was at an “important meeting”. He did not answer or return subsequent calls made to him.

Binance could not be reached Wednesday morning. Multiple calls to a customer service number listed for it rang out unanswered.

By Abdulrahman Abdulmalik, Premium Times

Related story: Video - Central Bank of Nigeria gives guidelines on cryptocurrency

Tuesday, February 20, 2024

Davido commits ₦300 Million for orphanages in Nigeria

Grammy-nominated Nigerian musician Davido has announced plans to donate a sum of “300 million naira to orphanages around Nigeria as my yearly contribution to the nation details of disbursement tomorrow."


Davido made this revelation in an Instagram post on Tuesday.

The pledge on Tuesday, February 20 is an outcome of the Adeleke Foundation founded by Davido in 2022 with the help of other charitable organisations, in a bid to help vulnerable children.

In July 2023, he announced the foundation donated over 200 million to orphanages in the country and 13,818 children benefited from it. He also promised to donate some more money in 2024.

In the press release posted at the time he said: "I founded the DAF in 2022 with a strong desire and passion to continually assist and create a proper framework for the ongoing charitable works to benefit the good people of Nigeria...", arts and entertainment online portal xtribeafrica reported.

The charitable tradition began back in 2021 after the singer's birthday, when he made over ₦200 million in donations after sharing his bank account details on his Twitter (now X) page.

Africa News

 

Defense chief of Nigeria accuses nations withholding arms sales over abuses of ‘double standards’

Nigeria’s defense chief expressed frustration Tuesday with what he called the “double standards” of some countries that won’t sell his military weapons because of human rights concerns.

Gen. Christopher Musa’s comment underscores one of the biggest challenges for Africa’s most populous nation in combating a deadly and complex security crisis, from the Islamic militant insurgency in northeast to the dozens of armed groups targeting travelers and communities in the northwest and central regions.

“Even with our money, it is difficult getting equipment,” Musa told reporters in Nigeria’s capital of Abuja, acknowledging a huge need for items such as helicopters, drones and Mine Resistant Ambush Protected (MRAP) vehicles.

“Some say human rights, some say ‘You have killed’ … but again, sometimes, people pointing fingers at you have done worse and yet nobody is holding them to account. It is these double standards that (are) making the world more dangerous,” Musa said.

He declined to name the countries in question when asked by The Associated Press.

Nigeria’s security forces for many years have faced allegations of extrajudicial killings and illegal arrests. The United States and other major arms suppliers at one point or another have withheld the sale of weapons over those accusations.

In December, at least 85 civilians were killed when a Nigerian army drone erroneously targeted a religious gathering in northwest Kaduna state, the latest of several such incidents.

Musa said Nigeria’s military has continued to improve on its human rights record and is holding its personnel to account. Alleged abuses are often investigated, and a report on the December incident will be released soon, he said.

“The Nigerian Armed Forces have the capacity to secure Nigeria (and) the entire region,” Musa said, but added that the lack of needed weapons will continue to limit that capacity.

However, there is little evidence to show that Nigeria’s military has improved on its human rights record, according to Isa Sanusi, Amnesty International’s director in Nigeria.

“Protecting civilians should be their priority (and) they should look at all human rights violations they have committed to ensure accountability,” Sanusi said.

U.S. military support to Nigeria has at times included training on how to mitigate risks to civilians, according to a State Department statement in January on security cooperation. It said that in August, Nigeria delivered the first payment for 12 attack helicopters worth a total of $997 million.

By Chinedu Asadu, AP

Terrorists kill traditional ruler, five residents, burn down vehicles in Katsina, Nigeria

Six residents, including the ward head, Haruna Wakili, were killed when terrorists attacked Yar Nasarawa, a community in Faskari Local Government Area of Katsina State on Monday.

Residents said the terrorists abducted about 38 residents, including women and children and left 10 residents with gunshot injuries. They also burnt down six houses, eight commercial vehicles and shops in the community.

Yar Nasarawa is less than five kilometres away from the Army Super Camp situated in Faskari. The camp was established by the former Chief of Army Staff, Tukur Buratai, in 2018.

“The attackers came prepared. I have never seen them in such number,” a resident, Auwal Liman, who said he ran into the bush during the attack, said. “While some of them were shooting indiscriminately, others were putting vehicles and shops on fire.”

The terrorists stormed the community around 11 p.m. and blocked all entries and exits to ward off support from the military and members of the Community Watch Corps in the area.

The six dead residents were buried Tuesday morning in the community, according to Mr Liman.

“We are in a sorry situation. We can’t go to the farm. When we stay away from our farms and local markets, the terrorists follow us into our communities and kill us. Our lives hardly matter,” Mr Liman lamented.

Motorcycle-riding terrorists have been unleashing mayhem on residents in the north-west for over a decade. leading to layers of humanitarian crises in the sub-region.

“The terrorists were merciless in yesterday’s attack,” a resident, Abdullahi Adamu, said. “They burnt down a child. They took him inside his mother’s room set the room ablaze and slaughtered another old man in the same house. It was barbaric.”

Mr Adamu, who said he climbed a rock outside the community and waited till early morning, said he has lost hope in the government and security agencies.

The police spokesperson in the state, Abubakar-Sadik Aliyu, confirmed the attack to journalists in Katsina but did not provide the details.

“The Commissioner of Police, CP Aliyu Musa, had since deployed the command’s tactical, operational and intelligence to the scene, and currently combing the surrounding bushes for the possible arrest of the perpetrators for diligent prosecution,” Mr Aliyu said.

By Mohammed Babangida, Premium Times

Related stories: Gunmen kill four, abduct at least 40 in northwest Nigeria

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Nigeria police repel attack by gunmen, one officer dies

A group of armed men attacked a police division in Zurmi town, in Nigeria's northwest Zamfara state, but were repelled by officers with casualties recorded on both sides, the police said on Monday.

Gangs of heavily armed men referred to as bandits by locals have wreaked havoc across Nigeria's northwest in the past three years, kidnapping thousands, killings hundreds, and making it unsafe to travel by road or to farm in some areas.

Zamfara police spokesperson Yazid Abubakar said suspected bandits wielding sophisticated weapons attacked the division late on Sunday, killing a senior officer and wounding two others.

"The policemen on duty retaliated and repelled the attack after a serious gun duel in which many of the bandits were killed and some took to their heels with possible gunshot wounds," Abubakar said in a statement.

Abubakar said the police have begun an investigation and have deployed more men to fortify the town and arrest fleeing culprits.

Residents said at least seven people were killed during the shootout, including the divisional crime officer.
Ibrahim Mohammed, a resident of Zurmi who witnessed the attack, told Reuters by phone that an unspecified number of people were kidnapped and the police division was set ablaze.

"They ransacked the place and set ablaze some shops and cars near the police station," Mohammed said.
Another resident Usman Abubakar said, "as I speak with you, they also abducted some people whose numbers cannot be immediately ascertained."

Nigeria, Africa's largest economy, is grappling with a multifaceted security crisis, including kidnappings for ransom, which has reached alarming proportions.

The widespread insecurity is exacerbating a cost-of-living crisis caused in part by the reforms of President Bola Tinubu who has yet to detail how he plans to the tackle the situation. 

By Ahmed Kingimi, Reuters

Related story: 8 police officers killed by suspected rebels in Nigeria

 

Protests in Nigeria over skyrocketing inflation as local currency hits record low value

Nigerians are facing one of the West African nation’s worst economic crises in years triggered by surging inflation, the result of monetary policies that have pushed the currency to an all-time low against the dollar. The situation has provoked anger and protests across the country.

The latest government statistics released Thursday showed the inflation rate in January rose to 29.9%, its highest since 1996, mainly driven by food and non-alcoholic beverages. Nigeria's currency, the naira, further plummeted to 1,524 to $1 on Friday, reflecting a 230% loss of value in the last year.

"My family is now living one day at a time (and) trusting God," said trader Idris Ahmed, whose sales at a clothing store in Nigeria’s capital of Abuja have declined from an average of $46 daily to $16.

The plummeting currency worsens an already bad situation, further eroding incomes and savings. It squeezes millions of Nigerians already struggling with hardship due to government reforms including the removal of gas subsidies that resulted in gas prices tripling.
 

A SNAPSHOT OF NIGERIA’S ECONOMY

With a population of more than 210 million people, Nigeria is not just Africa’s most populous country but also the continent’s largest economy. Its gross domestic product is driven mainly by services such as information technology and banking, followed by manufacturing and processing businesses and then agriculture.

The challenge is that the economy is far from sufficient for Nigeria’s booming population, relying heavily on imports to meet the daily needs of its citizens from cars to cutlery. So it is easily affected by external shocks such as the parallel foreign exchange market that determines the price of goods and services.

Nigeria's economy is heavily dependent on crude oil, its largest foreign exchange earner. When crude prices plunged in 2014, authorities used its scarce foreign reserves to try to stabilize the naira amid multiple exchange rates. The government also shut down the land borders to encourage local production and limited access to the dollar for importers of certain items.

The measures, however, further destabilized the naira by facilitating a booming parallel market for the dollar. Crude oil sales that boost foreign exchange earnings have also dropped because of chronic theft and pipeline vandalism.


MONETARY REFORMS POORLY IMPLEMENTED

Shortly after taking the reins of power in May last year, President Bola Tinubu took bold steps to fix the ailing economy and attract investors. He announced the end of costly decadeslong gas subsidies, which the government said were no longer sustainable. Meanwhile, the country's multiple exchange rates were unified to allow market forces to determine the rate of the local naira against the dollar, which in effect devalued the currency.

Analysts say there were no adequate measures to contain the shocks that were bound to come as a result of reforms including the provision of a subsidized transportation system and an immediate increase in wages.

So the more than 200% increase in gas prices caused by the end of the gas subsidy started to have a knock-on effect on everything else, especially because locals rely heavily on gas-powered generators to light their households and run their businesses.


WHY IS THE NAIRA PLUMMETING IN VALUE?

Under the previous leadership of the Central Bank of Nigeria, policymakers tightly controlled the rate of the naira against the dollar, thereby forcing individuals and businesses in need of dollars to head to the black market, where the currency was trading at a much lower rate.

There was also a huge backlog of accumulated foreign exchange demand on the official market — estimated to be $7 billion — due in part to limited dollar flows as foreign investments into Nigeria and the country’s sale of crude oil have declined.

Authorities said a unified exchange rate would mean easier access to the dollar, thereby encouraging foreign investors and stabilizing the naira. But that has yet to happen because inflows have been poor. Instead, the naira has further weakened as it continues to depreciate against the dollar.
 

WHAT ARE AUTHORITIES DOING?

CBN Gov. Olayemi Cardoso has said the bank has cleared $2.5 billion of the foreign exchange backlog out of the $7 billion that had been outstanding. The bank, however, found that $2.4 billion of that backlog were false claims that it would not clear, Cardoso said, leaving a balance of about $2.2 billion, which he said will be cleared "soon."

Tinubu, meanwhile, has directed the release of food items such as cereals from government reserves among other palliatives to help cushion the effect of the hardship. The government has also said it plans to set up a commodity board to help regulate the soaring prices of goods and services.

On Thursday, the Nigerian leader met with state governors to deliberate on the economic crisis, part of which he blamed on the large-scale hoarding of food in some warehouses.

"We must ensure that speculators, hoarders and rent seekers are not allowed to sabotage our efforts in ensuring the wide availability of food to all Nigerians," Tinubu said.

By Friday morning, local media were reporting that stores were being sealed for hoarding and charging unfair prices.
 

HOW ARE NIGERIANS COPING WITH TOUGH TIMES?

The situation is at its worst in conflict zones in northern Nigeria, where farming communities are no longer able to cultivate what they eat as they are forced to flee violence. Pockets of protests have broken out in past weeks but security forces have been quick to impede them, even making arrests in some cases.

In the economic hub of Lagos and other major cities, there are fewer cars and more legs on the roads as commuters are forced to trek to work. The prices of everything from food to household items increase daily.

"Even to eat now is a problem," said Ahmed in Abuja. "But what can we do?"

AP

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Unemployment rate in Nigeria surges to 5% amidst rising cost of living

This information was disclosed in the Nigeria Labour Force Survey (NLFS) report for Q3 2023, released on Monday. Per the NBS, this rate represents a 0.8% increase from the second quarter of 2023, where the unemployment rate stood at 4.2%.

The unemployment rate among men was 4.0% and 6.0 among women. By location, the unemployment rate was 6.0% in urban areas and 4.0% in rural areas. Focusing on young people, the youth unemployment rate was 8.6%.

In Q3 2023, 75.6% of Nigeria's working-age population were employed. When examining the data by gender, the employment-to-population ratio was 77.7% for males and 73.5% for females.

Further disaggregation by location revealed an employment-to-population ratio of 71.1% in urban areas and 80.7% in rural areas.

The report noted that 87.3% of employed Nigerians were predominantly self-employed, while the remaining 12.7% were primarily engaged as employees. 80.3% of employed people in urban areas were self-employed this is lower when compared with 94.5% of employed people in rural areas.

Informal employment

Informal employment in Nigeria and other developing countries seems to be very high when compared to the developed countries.

The percentage of employed individuals engaged in informal work was 92.3%, a slight decrease from the previous quarter's 92.7%. Interestingly, the rate of women involved in informal employment exceeded that of men.

"The rate of informal employment among people living in rural areas was 97.2% while the urban informality rate was estimated at 87.5%. Females are more likely to be in informal employment than males," the report said.

By Adekunle Agbetiloye, Business Insider Africa

Related story: Video - Graduates from Nigeria turn to creating jobs instead of looking for them

Lion kills zookeeper in Nigeria

A zookeeper at a Nigerian university has been killed by one of the lions he had been looking after for close to a decade.

Olabode Olawuyi, who was in charge of the zoo at Obafemi Awolowo University (OAU), was attacked as he was feeding the lions, the university said in a statement.

His colleagues were unable to save him as one of the lions had already fatally wounded him, the university added.

The lion has since been put down.

Mr Olawuyi, a veterinary technologist, had been "taking care of the lions since they were born on campus about nine years ago".

"But, tragically, the male lion killed the man who had been feeding them," the university's spokesman, Abiodun Olarewaju, said.

"We never knew what came over the male lion that it had to attack [him]," he added.

Nigerians on social media have been sharing graphic images of the mauling at the university in Osun state in the south-west.

The university community is in mourning, and a delegation has gone to the family of Mr Olawuyi to offer their condolences.

The university's vice-chancellor, Prof Adebayo Simeon Bamire, said he was "saddened" by the incident and ordered a thorough investigation the incident.

The students' union leader, Abbas Akinremi, told Nigeria's Vanguard newspaper that the attack was caused by "human error" after the zookeeper had forgotten to lock the door after feeding the lions.

He described the incident as unfortunate, while paying tribute to Mr Olawuyi as a "good and humble man, who attended to us nicely whenever we went to the zoo".

Abba Gandu, who has been feeding lions for more than 50 years at a zoo in Kano in northern Nigeria, described Monday's incident as unfortunate and said more safety measures were needed.

"This incident wouldn't in any way affect me personally as feeding lions is what I want to do until I die," said Mr Gandu, who started feeding lions in 1971.

He added that his worst experience was when a baboon he was trying to feed bit his finger. 

By Basillioh Rukanga & Mansur Abubakar, BBC

Related story: Lion removed from house near school in Lagos, Nigeria

School in Nigeria helps girls to heal after Boko Haram

What 19-year-old Binta Usman remembers most vividly about her early days at the Lafiya Sarari girls’ school in Maiduguri, the capital of Nigeria’s Borno state, are the frequent tears that made it hard for her to concentrate in class.


“We’d all be sitting in class and all of us would just be crying,” she says.

Like Usman, whose father was killed and family held captive by the militant jihadist group Boko Haram, all 100 women and girls at the school have either witnessed a parent’s murder or been kidnapped themselves.

Another pupil, 17-year-old Hassana, recalls being forced to join the militants, handling weapons and carry out acts of violence. “We drank blood,” she says.

Boko Haram has targeted schools as part of its campaign of atrocities in north-eastern Nigeria since 2010. It has carried out massacres and multiple abductions, including 2014’s killing of 59 schoolboys, the kidnapping of 276 schoolgirls in Chibok in 2014 and 101 girls in Dapchi in 2018.

Between 2013 and 2018, according to the UN, Boko Haram abducted more than 1,000 children, using them as soldiers and domestic or sex slaves. Amnesty International has estimated that 1,436 schoolchildren and 17 teachers were abducted between December 2020 and October 2021.

The Lafiya Sarari school was set up in response to the terror Boko Haram has inflicted. Established in 2017 by the Neem Foundation, a Nigerian charity set up to help communities affected by violence, the school is designed to provide support and education to those who have suffered trauma.

“What we do is a trauma-informed learning approach,” says Dr Fatima Akilu, a psychologist who helped set up the foundation. “It’s not a set programme.”

She says: “Some people have post-traumatic stress disorder, some come in with depression, some come with anxiety – it changes.

“We used to have a psychologist in the early days when we first started, but now all we have is a full-time counsellor who knows the girls, who has been with them throughout.”

Akilu initially envisioned Lafiya Sarari as a model of reconciliation, where children of victims, perpetrators and the security forces could receive education together.

But the conflict disrupted education, leaving gaps in learning for children too old for traditional primary school classes. “I didn’t even know ‘ABC’ when I came here,” says Usman, who enrolled aged 12.

The selection process involved interviewing girls aged between 11 and 14 from displaced communities and in refugee camps. “We selected girls who were tenacious and could become something because this was going to be quite a long project.

“Quite a few of the girls had come out of captivity at the time, so some of them were really in a bad state [and] needed trauma support. That was also one of the criteria because we could give them long-term treatment,” says Akilu.

Funding for the ongoing pilot programme for 100 girls came from a grant by the US Catena Foundation. Initially, the students learned together, but as they progressed they were streamed by academic achievement. Thirty pupils have successfully passed national exams and are preparing for university this year.

It is a far cry from how they arrived, fearful and distrustful. They struggled to interact or form friendships with other children and often resorted to violence at the slightest provocation. “They only knew how to fight,” says Yakubu Gwadeda, the deputy headteacher.

“They didn’t know how to interact with each other peacefully, how to queue,” he says.

Those who had been involved with Boko Haram, like Hassana, used to try to intimidate their peers with the threat of violence.

“They went through intervention sessions, coping, resilience, expressive therapy,” says the school counsellor, Hauwa Abdullahi Zaifada. “Some could not talk about their experience but we got to hear their stories through drawings and music.

“Sometimes,” she adds, “they would come to the sessions and not say a word, and we would have to reschedule.”

One of Zaifada’s primary goals was to overcome Boko Haram’s indoctrination against education. She found an opportunity when several girls spoke of their desire for revenge against those who had killed their parents or exploited them.

“I told them that you don’t have to be a soldier or hold a gun for revenge,” Zaifada says. “Education can be their revenge.

“They realised that education is valuable and can help them. That’s how they started picking up in school and doing well.”

Falmata Mohammed Talba, 20, found the daily therapy at school so beneficial that she began replicating the sessions with her two brothers, who attend a government-run school.

She helped them cope with the trauma they collectively experienced after witnessing their father’s murder by Boko Haram and then being held captive with their mother.

“When I first started, I used to see her one-on-one almost every day for about six months. Sometimes, I would even run out of the class. Talking to the psychologist helped me a lot,” Talba says.

“I helped my brothers the way Lafiya Sarari helped me. I tell my brothers, ‘This is what they told me. Why don’t you too start practising it?’ That’s how they changed.”

Talba says she and her brothers can now openly discuss their father without succumbing to tears or anger. “We now say, ‘Remember this when we were with Dad’, and we can laugh,” she says.

Hassana’s psychological progress has been notable, even though her academic advancement has been slower than that of some of her peers. She still relies on an interpreter to express herself in English.

“My relatives were so worried about my behaviour that whenever I started acting out, they would start shouting out passages of the Qur’an to calm me down,” she says. “But all that has stopped. The nightmares have also stopped.”

Seven years after the launch of Lafiya Sarari, Zaifada still has daily sessions with her students.

“Now I don’t have to look for them. They come to me if they have any issues,” she says. “Most of the issues now are environmental – peer-group influences, family issues.”

As for Usman, the crying has stopped. She smiles broadly as she shares her aspirations of winning a scholarship to study law at Cambridge University.

“I hear it is a good school,” she says.

By Adaobi Tricia Nwaubani, The Guardian 

Related story: Nigeria set to recover £6.9m looted during Boko Haram incursions

Monday, February 19, 2024

Video - Super Eagles players receive state honors in Nigeria



Nigeria's Super Eagles returned home to a heroic welcome earlier this week, despite losing last Sunday's AFCON final to hosts Cote d'Ivoire. Though low-spirited for not bringing home the trophy, the Super Eagles stars were encouraged by being awarded one of the highest national honors by the state.

CGTN

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Nigerian students are no longer interested in studying in the UK, new report finds

Nigerian students are increasingly turning away from pursuing their undergraduate studies in the United Kingdom. Official statistics released last week reveal that the number of applicants from Nigeria has declined by a staggering 46 per cent, more than any other country in the period under review.

According to reports, the notable decrease in applications from Nigerian students is believed to be closely associated with the weakening of the naira and the visa restrictions preventing them from bringing along dependents or close family members to the UK. The report highlighted that Nigerian students had the highest number of dependents brought in by international students as of September 2023.

The Economic Times of India also reported a mirroring trend observed among Indian students who are increasingly losing interest in pursuing their undergraduate studies in the United Kingdom. The report noted that Indian student applications fell by 4 per cent compared to the previous year, amounting to 8,770 applications.

In comparison, Nigerian applications witnessed a sharp decline of 46 per cent, totalling 1,590 applications, more than any other country.

Data from the UK Universities and College Admissions Service (UCAS) on undergraduate student applicants for the 2024-25 academic year also revealed a 1% decline in UK applicants from a year earlier. However, the overall number of applicants remains well above pre-pandemic levels.

"While today's data shows a decline in applications from mature students, which will be more keenly felt in some subjects such as nursing, we know that these applicants are more likely to apply later in the cycle," Dr. Jo Saxton, Chief Executive at UCAS, said.

"For any students who missed the deadline or are still undecided on their next steps into higher education, they can still apply until June 30, and afterwards directly to Clearing, and plenty of choices still remain. There is a wealth of support, guidance, and tips on the UCAS website to help anyone make informed choices about their futures," she added.

In December 2023, the Rishi Sunak-led government announced a review of the Graduate Route visa, allowing graduates to stay and gain work experience in the UK for at least two years after completing their degree. According to experts, potential changes to the UK's visa policy may reduce the appeal of UK universities to overseas students.

By Victor Oluwole, Business Insider Africa

Related story: Frustrated Nigerians 'flee' abroad in punishing pre-election brain drain

Naira hits record lows, stocks sink

The Nigerian naira fell to record lows on both the official and unofficial markets on Monday, while stocks posted their biggest one-day fall in more than a year, as jittery investors sold off local assets.

The currency dropped to 1,712 naira per dollar in late trades on the official market and to around the same level on the unofficial market after extending losses.

Africa's largest economy has been experiencing crippling dollar shortages that have pushed its currency to record lows, though central bank Governor Olayemi Cardoso has said that foreign exchange liquidity is improving.

The latest fall on the currency and stock markets comes after data showed on Thursday that the country's inflation rate had accelerated further in January, reaching almost 30% in annual terms, driven by soaring food costs.

"Without policy moves in sight to rein in inflation, the naira will continue to devalue simply on a purchasing power basis. There are also risks that it could further deter foreign investors, given the increasingly negative real yield found in Nigerian debt securities," said Kyle Chapman, FX markets analyst at London-based Ballinger & Co.

Stocks on Nigeria's All-Share Index fell 3.15% on Monday after banking, consumer goods and industrial shares dropped, to post their single biggest fall since Oct. 2022.

Heavyweight Dangote Cement and MTN each fell the maximum 10% allowed on the bourse, to help drag the index to 102,395.21 points.

Stocks had been acting as a hedge against inflation for investors.

Cardoso has hiked open market rates to draw investors to bills which had lost their shine to equities as inflation climbed, but treasury rates still lag the benchmark policy rate and the fall in the naira means yields would have to rise further. 

By Chijioke Ohuocha, Reuters

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Video - Nigeria caps foreign exchange position for banks

Friday, February 16, 2024

Nigeria considering state policing to combat growing insecurity

Nigeria is considering the introduction of state police in its 36 states to bolster its national police force as it struggles to contain widespread violence and insecurity, the information minister said on Thursday.

An Islamist insurgency in the northeast, kidnappings for ransom, deadly farmer-herder clashes in the central belt and separatist and gang violence in the southeast are some of the challenges faced by Nigeria's police force.

President Bola Tinubu met the country's state governors to discuss insecurity, which is hurting farmers and contributing to high food prices and inflation.

The federal government and the state governments agreed that a state police force was necessary, marking "a significant shift" in approach, Information Minister Mohammed Idris told reporters after the meeting.

This is the first time that Nigeria's federal and state governments have agreed on the need to set up state police to reinforce the more than 300,000-strong national police force in Africa's most populous nation.

Nigerian Police Inspector General Kayode Egbetokun said last year at least 190,000 more officers were needed to secure the country adequately. He said the force was well below the United Nations' recommended ratio of one police officer to about 450 citizens.

Some states, like Lagos, have annual budgets the size of small African countries, and have long advocated for their own state police, saying this would help combat insecurity.

Ikemesit Effiong of risk consultancy SBM Intelligence said establishing state police would not solve the whole problem.

"Expanding the police force is one thing, fundamentally reframing the architecture and focus of policing from retribution and state control to investigation and crime prevention is quite another," Effiong said. 

By Felix Onuah, Reuters

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President Tinubu picks son-in-law to run housing agency

President Bola Tinubu has appointed his son-in-law as the head of the Federal Housing Authority (FHA), sparking concerns about nepotism.

Oyetunde Oladimeji Ojo is married to Mr Tinubu's eldest daughter, Folashade.

This is the first time President Tinubu has selected a relative for a position in the federal government.

Announcing his appointment, the presidency said Mr Ojo had "over a decade of work experience in the housing and hospitality industries".

He is also a former member of the House of Representatives.

But there has been a strong reaction on social media with some arguing that there were more qualified and deserving candidates than Mr Ojo.

"Blatant nepotism is a leadership weakness. It's unfortunate Nigerian leaders don't see it as a form of ethical failure," one person posted on X.


Some have come out to defend the naming of Mr Ojo for the role, saying his relationship with the president should not bar him from government jobs.

His appointment was part of the president's move to overhaul the management of the housing ministry.

The FHA, which falls under the ministry, is supposed to help deliver affordable homes across Nigeria.

The government did not immediately comment on the criticisms raised about the appointment.

By Wycliffe Muia, BBC 

Thursday, February 15, 2024

Video - Nigerian palm farmers eye lucrative opportunities in domestic market



While Nigeria consumes nearly three million metric tonnes of palm oil annually, domestic output is only around 1.3 million metric tonnes, with a considerable portion being imported. Recognizing the immense potential, Nigerian palm farmers believe that with proper support, the sector could significantly contribute to the country's earnings.

CGTN

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Video - Nigeria eyes $2 billion annual revenue boost from a surging coffee demand



The West Africa Specialty Coffee Association notes a surge in global demand for Nigerian coffee, especially in countries like Japan and Canada. While current revenues hover around $2 billion, the association projects that with governmental support, Nigeria could further tap into the sector's potential.

CGTN

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Nigeria to remove ‘political farmers’ from database

The federal government, on Wednesday, announced that it is making efforts to modify farmers’ databases to get rid of “political farmers” as it plans to kick off the second phase of dry season farming.

The Minister of Agriculture and Food Security, Abubakar Kyari, disclosed this in a maiden press briefing organised by the Minister of Information and National Orientation to regain public confidence.

According to him, only genuine farmers will benefit from government-subsidised interventions.

PREMIUM TIMES reported that the Bola Tinubu administration earlier announced that a lot of agricultural policies meant for farmers were enjoyed by ‘political farmers’: persons linked to politicians but who were not real farmers.

Last year, the ministry launched the first phase of dry season farming under the National Agricultural Growth Scheme Agro-Pocket (NAGS-AP) project. The first phase focused on 15 wheat-growing states.
 

I50,000 hectares of rice to be cultivated in second phase

Mr Kyari said following a key evaluation of the first phase of dry season farming, measures have been taken to ensure the success of the subsequent phase.

He said 150,000 hectares of rice would be cultivated during the second phase, noting that 300,000 genuine farmers are targeted for this. The farmers, he said, would benefit from the government’s subsidised interventions such as fertilisers, herbicides and micronutrients among others.

According to him, the farmers would get three bags of these agro-inputs for free after purchasing half bags.

In addition, he said, 30,000 hectares of maize would be cultivated across the 36 states of the federation. The minister expressed optimism, noting that some state governors have shown interest in the scheme.

Mr Kyari also clarified that 42,000 metric tonnes of grains earmarked for distribution to vulnerable households would be at no cost.

“The 42,000 metric tonnes of food from the national food reserves is free,” he clarified. “We’re trying to crash down the prices of food and make it available.”

“So these 42,000 metric tonnes of food will be given to the needy free of charge. It would go directly to the needy at no cost at all.

“We’ve met with the DSS and NEMA to give us the index. This is to gather intelligence on where it is needed the most, and we are going to look at those indices,” Mr Kyari added.

Idris unveils five-pillar agenda to regain public confidence

In his remarks, the information minister, Muhammed Idris, said his ministry has developed a five-pillar agenda in line with President Bola Tinubu’s Renewed Hope vision.

Mr Idris said the agenda is targeted at restoring trust, amplifying policies and programmes, reorienting national values, modernizing technology and talent, and creating an enabling environment for the media.

“The Ministerial Press Briefing Series (MPBS) that we are kicking off today, are in line with our ‘Restore Trust’ and ‘Amplify Policies and Programmes’ pillars. This is a chance for you, the distinguished members of the press, to engage with senior officials of the federal government, on behalf of the good people of Nigeria,” the minister told journalists.

“You will hear first-hand about what the federal government is doing, policies, programmes, targets and objectives, and you will be able to ask questions and receive relevant clarifications. We have also made efforts to ensure that this Briefing Series receives the widest possible coverage, through traditional and digital platforms,” the minister explained.

Mr Idris said the ministry is “determined to restore trust, confidence and credibility to public communications, by engaging in a timely, proactive and consistent fashion with all our stakeholders, across government, the media, private sector and international community, deploying all available platforms and media.”

He noted that the press briefing will subsequently feature other ministers who will be brought before the press to highlight the government’s efforts in stabilising the country.

ByYakubu Mohammed, Premium Times

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New Dangote refinery in Nigeria to export first fuel cargoes

Nigeria's Dangote oil refinery has issued tenders to sell two fuel cargoes for export, the first from the newly commissioned refinery, trading sources with knowledge of the matter told Reuters.

The refinery, Africa's largest with a nameplate capacity of 650,000 barrels per day, was built on a peninsula on the outskirts of the commercial capital Lagos by the continent's richest man Aliko Dangote.

Nigeria has for years relied on expensive imports for nearly all the fuel it consumes but the $20 billion refinery is set to turn it into a net exporter of fuel to other West African countries, in a huge potential shift of power and profit dynamics in the industry. Dangote declined a Reuters request for comment.

The first cargo is 65,000 metric tons of low-sulphur straight run fuel oil, which Dangote has awarded to Trafigura and is due to load at the end of February, three of the sources said. Trafigura declined to comment.

At least one refiner said they had been offered the cargo by Trafigura without elaborating further.
The second tender is for about 60,000 tons of naphtha, three other sources said. Two of them added that the tender closes on Feb. 15. Loading details were not immediately available.

Sources told Reuters last week that the refinery was preparing to deliver its first fuel cargoes to the domestic market within weeks.

The two fuels on offer are typical products of running light sweet crude through a crude distillation unit (CDU) in a refinery without further upgrading capacity. It is expected to take months for upgrading units to be brought online, experts have said.

The refiner began buying crude in December last year and Nigeria's state-owned oil firm NNPC Ltd has been the main supplier. Dangote has also purchased some U.S. oil and is expected to receive 2 million barrels of U.S. WTI Midland in early March, according to LSEG and Kpler ship tracking.

By Ahmad Ghaddar, Reuters 

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Nigeria to clear debt, fix gas shortages in plan to end power woes

Nigeria plans to fix its chronic power woes by settling outstanding debts of about $2.16 billion to energy producers and tackling gas supply shortages to generating firms, the power minister said on Wednesday.

Africa's largest economy has 12,500 megawatts of installed capacity but only produces about a quarter of that, forcing households and businesses, including manufacturers to resort to diesel and petrol generators.

Power Minister Adebayo Adelabu told reporters on Wednesday that outstanding debts, inadequate gas supplies and ageing equipment were the key barriers hampering optimal power output.

Adelabu said power generators are currently owed 1.3 trillion naira ($858.65 million), in addition to a $1.3 billion legacy debt from a decade ago.

"Part of preparation to turn around and transform the sector is the settlement of existing outstanding debt obligations to the gas supply and power generation companies using partly cash payments and guaranteed debt instruments," he said.

Last week, Adebalu proposed a naira payment for gas sales to power plants as a solution to solve dollar shortages as costs are expected to balloon after a second currency devaluation in less than a year.

Natural gas is sold in dollars to power plants because investments tied to building gas processors and pipelines are priced and paid for in dollars.

Grid power is erratic in Nigeria, Africa's most populous nation. The grid collapsed on Feb. 4, causing a national blackout, and at least three times in 2023, which authorities blamed on technical problems. 

By Camillus Eboh, Reuters 

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Wednesday, February 14, 2024

Video - Nigerians adopt unbanked saving system amid mounting economic challenges



Thrift saving, commonly known as Ajoo in Nigeria, is deeply ingrained in the country's informal community culture. Participants contribute a fixed amount every month. The entire sum is then handed to one member until the cycle completes, empowering them to pursue their financial aspirations without going through the bank.

CGTN

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Government of Nigeria asks Interpol to place three Nigerians on watchlist over Buhari's signature forgery

The special investigator appointed by President Bola Tinubu has requested the International Criminal Police Organization (Interpol) to add three suspects to its watchlist for their alleged involvement in a $6,230,000 fraud.

The individuals in question are Adamu Abubakar, Imam Abubakar, and Odoh Eric Ocheme.

The federal government has filed extradition charges against the trio for allegedly forging the signature of former President Muhammadu Buhari and documents attributed to Boss Mustapha, the former Secretary to the Government of the Federation (SGF).

These documents were purportedly used to facilitate the payment of $6,230,000 from the Central Bank of Nigeria (CBN), ostensibly intended for foreign election observers, The Cable reported.

On February 12, 2024, the special investigator wrote a letter requesting Interpol to issue a red notice for the three suspects.

The letter reads:

“In the course of the Special Investigator’s assignment, Mr. Odoh Eric Ocheme, (a staff of the CBN) now at large and the other two accomplices, also now at large, were discovered to have conspired and forged documents in the name of the President, Federal Republic of Nigeria with which they stole about US$6,230,000 (Six Million, Two Hundred and Thirty Thousand Dollars, in cash, from the coffers of the CBN.”

On January 18, 2024, Judge Inyang Ekwo of the Federal High Court in Abuja issued a warrant of arrest against the three suspects.

Former CBN Governor Godwin Emefiele is also implicated in the alleged fraudulent payment of $6,230,000.

Mustapha stated on Tuesday that neither he nor former President Muhammadu Buhari authorized the disbursement of $6,230,000 to international election observers.

Mustapha testified as the second prosecution witness in the trial of Emefiele.

By Adekunle Agbetiloye, Business Insider Africa

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Disney's enticing limited series 'Iwájú' is set in a futuristic Nigeria



Journey to a world where nothing is as it seems with #Iwájú, an all-new limited series from Disney Animation and @Kugalimedia. All episodes are available February 28 on @disneyplus. 

“Iwájú” is an original animated series set in a futuristic Lagos, Nigeria. The exciting coming-of-age story follows Tola, a young girl from the wealthy island, and her best friend, Kole, a self-taught tech expert, as they discover the secrets and dangers hidden in their different worlds. Kugali filmmakers—including director Olufikayo Ziki Adeola, production designer Hamid Ibrahim and cultural consultant Toluwalakin Olowofoyeku—take viewers on a unique journey into the world of “Iwájú,” bursting with unique visual elements and technological advancements inspired by the spirit of Lagos. The series is produced by Disney Animation’s Christina Chen with a screenplay by Adeola and Halima Hudson. “Iwájú” features the voices of Simisola Gbadamosi, Dayo Okeniyi, Femi Branch, Siji Soetan and Weruche Opia.

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Love for Anime grows in Nigeria with second Eko Anima Festival

Tuesday, February 13, 2024