Monday, January 25, 2010

60 percent of citizens don't have access to banks

A former staff of the International Monetary Fund (IMF) and Adviser to the Central Bank of Nigeria (CBN) on the development and implementation of the Microfinance Certification Program in the country, Peter van Dijk, has revealed that 60 per cent of Nigerians are under banked.


Dijk, who made this disclosure in his paper "Inclusive Finance and Savings Mobilisation" presented at the 4th Annual Microfinance Conference and Entrepreneurship Awards at the weekend in Abuja advised the Nigerian government to use all the technology and knowledge it has to address the situation and reduce poverty among its citizens.


He said Nigeria has the best and most important precondition to build a sustainable and inclusive financial sector.


The country, Dijk added, has many people who are economically active with an economy of scale needed for an improvement outreach but government is yet to integrate this huge potential into building an inclusive financial sector.


"Nigeria has the resources financially and non financially to make a change" he observed, adding that "You now have to take it into you own hands: integrate the huge potential you have with around 60 per cent of your population still being un-under banked, use all the technology and knowledge you have and build an inclusive financial sector which will help to reduce the poverty among your citizens".


Dijk called on the highest executive level of government and in particular, the Federal Ministry of Finance to rapidly make the National Microfinance Policy a coherent document in the sense of the inclusive definition of microfinance and integrate it into the national financial sector development strategy FSS2020.


Leadership


Related story: Video - Nigerian banks




Sunday, January 24, 2010

Residents worry about their future in Jos, Nigeria



After the riots fueled by religious conflict between the Muslim and Christian community that left hundreds dead in Jos. Residents worry about their safety when security provided by the military eventually stops.


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Thursday, January 21, 2010

Prank call to Nigerian televangelist



A lot of funny stuff out there on the interwebs, but this definitely takes the cake for now. Rational conclusions for this fellow not to know anything about such pop-culture references are: he just watches The Ten Commandments and a couple of Nollywood movies on his Telly or he doesn't own one. At least, even a Nigerian televangelist thinks the whole midicholorian thing is rubbish.


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Tuesday, January 19, 2010

Kidnappers free foreign oil workers

Three British oil workers kidnapped in Nigeria have been freed, it has emerged.


The men and a Colombian colleague were seized at gunpoint last Tuesday on their way to work at a plant near Port Harcourt in the Niger Delta.


Nigerian police spokeswoman Rita Inoma-Abbey said the men, contractors working for Shell, were released on Monday night and "all of them look good". She did not say if a ransom had been paid.


Shell was unable to confirm the men had been freed.


A spokesman for the firm said: "We can't confirm it right now - we are looking into it and waiting for word."


The Foreign Office told the BBC it was aware of the reports and was making inquiries.


The men were kidnapped as they travelled by bus to the plant, and an ensuing gunfight left one police officer travelling with the workers dead and another man injured.


They were the first such workers seized from the unstable oil rich region in months.


Militants in the troubled Niger Delta have attacked pipelines, kidnapped petrol company employees and fought government troops since January 2006.


They want the federal government to send more oil industry funds to Nigeria's southern region, which remains poor despite five decades of oil production.


Ealing Gazette


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Jos death toll hits 40

The death toll in the crisis that hit Jos, Plateau State last Sunday, has risen to 40. This is as Muslim community in the city said it lost 16 of its members in the riot.


Also the Red Cross confirmed that about 4,000 refugees are now scattered in three refuge camps in the city.


According to a statement by M. S. Mudi on behalf of Jos North Muslim Ummah, over 150 women and children are now in the central mosque taking refuge, with another 35 receiving treatment, as a result of the attack by some youths.


Meanwhile, the Arewa Consultative Forum (ACF) has condemned the clashes which claimed several lives and property.


The forum in a text message by its national publicity secretary, Mr. Anthony N.Z. Sani said the renewed clash in Jos was senseless and asked government at all levels to formulate policies that will engage the youths in productive ventures.


It said violence of whatever form was not acceptable to God and Nigerians, pointing out that religious, political and community leaders must wake up and inspire cultural renaissance which should be based on core values of humanity.


The text message read: "Following yet another report of violent clashes in the precinct of Nasarawa Gwom of Jos town in Plateau state, the Arewa Consultative Forum (ACF) wishes to say enough of senseless violence leading top loss of lives.


"This is because violence, be it political, religious or ethnic differences are not acceptable to God or Allah as well as the peace loving people of Nigeria and to the atmosphere needed for socio-economic development. Surely, no society can thrive on the basis of its factions but by tolerant accommodation of one another.


"Religious, political and community leaders must brace up and inspire cultural renaissance by working hard to overcome differences that divide the people and this should be based on core values of humanity.


"Our leaders must also think and work harder in order to come up with policies and programmes that would preoccupy our youths in productive ventures.


"ACF commends the security agents and the Plateau state government for bringing the situation under immediate effective control. The government should also go further and investigate the incidences with a view to bringing the perpetrators to book.


"ACF also commiserates with those innocent people who lost lives and properties in the course of the violent clashes. May God provide them with the fortitude to endure the losses and means for replacement", he said.


Meanwhile, commercial activities were paralyzed in the early hours of Monday, with corporate bodies like banks shutting their doors to customers, because of growing tension which enveloped the city centre.


The Red Cross officials said they are in dire need of relief materials and vehicles to cater for the 4,000 refugees now taken refuge at the National Drug Law Enforcement Agency (NDLEA) regional academy in Jos.


The NDLEA Commander in Plateau, Mr. Ralph Igwe, said in Jos on Monday that many of the victims complained that their houses had been burnt.


"Those whose houses were not burnt are afraid of molestation by hoodlums. They are feeding themselves. We are constrained by the lack of fund to provide their immediate needs, because we didn't anticipate the crisis," he added.


Igwe said there might be food crisis in the camp, except normalcy returned, noting that the displaced persons had exhausted their foods.


He said the state government's delegation and officials of the Red Cross Society had visited the camp, but had yet to supply any relief materials.


"Many of the children, who slept outside yesterday in the cold, were coughing this morning," he added, and called for humanitarian assistance from well-meaning organisations.


Most of the affected persons alleged that those who attacked them in the Rikkos area of the city, were people they had lived peacefully with for several years.


They appealed for the supply of water and food items by well meaning Nigerians and organisations.


Muslim youths who stormed a church at Nassarawa Gwong Jos said the attacks by the Muslim youths are with out provocation.


They said it was "unfortunate that this hasty remark is coming from a very highly placed security personnel who is supposed to be the custodian of peace in the society who openly shows his bias against the Muslim Ummah when investigation had not commenced to ascertain what actually happen".


The statement said the hasty conclusion was nothing but an open instigation for reprisal attacks on the Muslims by the Christian pointing out that the Muslim Ummah has lost confidence of getting any protection of lives and their properties from the plateau state command under the leadership of the current commissioner of police in the state.


Also speaking, the man who was in the centre of the storm, Kabiru Mohammed said his house was burnt down in 2008 which necessitated it renovation.


He said he brought labourers to the site to effect the renovation and when work commenced on the site, some Christian youth stormed the site to prevent the labourers from working saying the area is mainly for Christian.


He said some people who call themselves indigene said he should be stopped from working on the site which prompted him to report the matter to some soldiers in the area.


He said when this was going on, one of the youths ran from the scene and went to mobilize others to the scene telling them that some Hausa youth beat him to a stage of comma and before he could say Jack Robbin the whole community invaded the site and problem started.


Mohammed added that the soldiers were pleading to the youth to be patient so that it could be sorted out but the youth insisted and there were stoning people in the area, all of a sudden we were told that they are fighting around Baptist that is all I know.


Similar, the Chief Immam of the Jos central Mosque Sheikh Balarabe Dawoud has appeal to politicians, religious and community leaders to caution their followers not to foment trouble in the state.


He also urged the youths to be patient with one another adding that no one should burn people's house or attack people on the street saying they should stop peddling unnecessary rumour which will also fuel the crises in the state.


Daily Champion


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