Tuesday, June 7, 2016

Nigeria says it has recovered $9.1 billion in looted funds


The Nigerian government says it has recovered assets and funds totaling $9.1 billion as part of its anti-corruption drive. The recovered assets “include monies withheld by past government officials, monies kept in private accounts, monies diverted to private pockets and monies in possession of government officials not disclosed after leaving government,” a spokesman said. The funds were recovered during president Buhari’s first year in office.

The news of the recovered funds signals gains made by president Buhari’s anti-corruption drive as he remains intent on ensuring transparency in state institutions and agencies previously known for being opaque and corrupt.

The recovery will also likely enhance Buhari’s reputation internationally as being intolerant of corruption despite aspersions cast inadvertently last month by David Cameron, prime minister of Britain. Cameron had described Nigeria as “fantastically corrupt” in the run-up to an anti-corruption summit in London but Buhari responded strongly asking Britain to return Nigeria’s stolen assets kept in the country.

But while the news of recovered funds has been hailed as a major win by the government, it has been received with a healthy dose of skepticism from many Nigerians. The skepticism is because the government did not release any names of persons and officials the assets were recovered from. This was despite an earlier promise by president Buhari to “make a comprehensive report” on “what has been recovered in whatever currency from each ministry, department and individual.” The report was expected to come during the president’s democracy day address on May 29.

The government says it cannot release names of looters for legal reasons but various groups within the country have questioned and criticized the government’s decision to withhold the names. Critics say by not naming the looters, there is little deterrent to prevent others from looting funds as they suffer no reputational damage. “These people will do it again and again,” said a comment on one of the country’s biggest newspapers. “Because all you have to do in the eventuality that a government changes, is that you simply return the money and you wait until you can do it again.”

The timing of the recovery of the funds is crucial for Nigeria’s stumbling economy. The recovered funds are set to come in at a time when the government is doubling down on efforts to diversify its oil-dependent economy and fund a record $30.6 billion national budget. With oil prices falling and state revenue dwindling as a result, Nigeria’s economy has had a rough year typified by job losses, investor reticence and slowed GDP growth.

Germany to supply Nigeria with military hardware

The German Government on Monday confirmed that it would commence supply of military hardware to support Nigeria’s effort to address security challenges in the Northeast and Niger Delta, before the end of 2016.

The Permanent Secretary, German Foreign Office, Mr. Markus Elderer, said this in a chat with the News Agency of Nigeria (NAN) on the sideline of the defence session of the Nigeria-Germany Bi-National Commission meeting in Abuja.

He said the decision to support Nigerian security forces in their counter-insurgency operations was the German government’s response to a request made by President Muhammadu Buhari at the last G-7 summit hosted by the European nation.

Elderer said the equipment to be supplied to Nigeria are ground surveillance equipment, anti-mine equipment and gun boats, among others.

Monday, June 6, 2016

Video - Nigerian writers find creative ways to sell their books



In Nigeria, there's a growing number of authors, but not enough publishers.
Some companies are taking Nigerian books abroad to help boost writing in the country.

Video - Ramadan attack plot uncovered by Nigerian military




The Nigerian army says it's uncovered a plot by Boko Haram militants to attack the country during Ramadan. Apparently the group's been planning to set off several bombs. That's according to the Nigerian Defence Headquarters. Sunday's statement comes after at least 32 Nigerian soldiers were killed in a clash with suspected fighters from Boko Haram along the Niger Nigerian border.

Nigeria stalling in signing EU-ECOWAS trade agreement

Nigeria will continue consultations within the country regarding its stance on the Economic Partnership Agreement, EPA, between ECOWAS and the European Union, Vice President Yemi Osinbajo said at the just concluded Dakar meeting of West African leaders.

According to him “there are ongoing negotiations on it. We are discussing with the Manufacturing Association of Nigeria (MAN) and some other key economic players about it.”

In addition, the VP noted that “we understand some of the terms of this agreement are capable of restricting their-manufacturers-trading activities and we would not want this to happen.”

Prof. Osinbajo explained that in the consultation process “it is equally important that as we make the decision, we take into consideration the concerns of these critical stakeholders and tread cautiously.”

He noted at the meeting which ended later on Saturday that Nigeria is yet to fully endorse the agreement because of these concerns.

He stated that for now the federal government will continue to engage in wide consultations with relevant stakeholders before coming to a conclusion on the Economic Partnership Agreement.

While a number of West African nations have endorsed the deal, a few including Nigeria have raised issues regarding the implications of the deal, being championed by the European Union.

The EPA is a free trade deal that had been initialled by EU and ECOWAS negotiators covering trade in goods and development cooperation.

Speaking at the end of the 49th Ordinary Session of the Economic Community of West African States (ECOWAS) which took place in Dakar, Senegal this weekend where he represented President Muhammadu Buhari, Mr. Osinbajo stated that Nigeria cannot be committed to such an agreement without wide consultations.

Meanwhile, the Vice President also restated Nigeria’s constant commitment and obligations to the regional body having recently paid its dues. This is coming against the background of worries that some of the members of the body are not up-to-date in their financial obligations, with a call raised at the Dakar summit for such nations to do so.

Indeed Nigeria was openly commended at the summit for fulfilling its obligations by paying the community levies.

“We are also very committed to ECOWAS . As the largest economy in the region, we have constantly fulfilled our obligations and we intend to continue to do this, ” the Vice President declared.

Presidents, Prime Ministers and very top officials from the 16 ECOWAS members gathered in Dakar over the weekend to deliberate on important issues. The summit also witnessed the swearing-in of the new ECOWAS commission President, Marcel A. de Souza.

The meeting also featured commendations from ECOWAS leaders to the Nigerian President Muhammadu Buhari and the nation on the progress recorded by the country against terrorists.

At the end of the summit, Liberian President Ellen Sirleaf Johnson was chosen as the Chairperson of the ECOWAS Authority of Heads of State and Government taking over from her Senegalese counterpart, Macky Sall.

Nigeria sabotage push up oil prices

Brent crude oil prices rose on Monday, lifted by a plunge in the dollar that could spur demand just as attacks on Nigerian oil infrastructure tighten supplies, but signs of recovering U.S. output capped gains.

Brent crude futures LCOc1 were up 63 cents at $50.27 a barrel at 0941 GMT (05:41 a.m. EDT). U.S. crude futures CLc1 were up 60 cents at $49.22 a barrel.

Traders said oil prices rose on a sharp fall in the dollar .DXY on Friday after weak U.S. jobs data sparked concerns over the state of the world's biggest economy, cutting expectations of a near-term cut in U.S. interest rates.

A weaker dollar supports fuel demand in the rest of the world as it makes dollar-traded oil imports cheaper.

Traders will be watching Fed Chair Janet Yellen's speech at 1630 GMT (12:30 p.m EDT) on Monday for hints of a potential rate move.

"Futures have been trading in a small range for the last 10 days. If we want to see any more upward movement then we need to see strength from products...but so far the gasoline crack has been capped," said Olivier Jakob, oil analyst at Petromatrix in Switzerland.

The Muslim holy month of Ramadan starts on Monday and is seen as supportive of prices as driving demand picks up in most Muslim-dominated countries.

Traders said prices were also propped up by attacks on oil infrastructure in Nigeria, which has already sent the country's output to more than 20-year lows.

So far, supply cuts like those in Nigeria or Libya, have been met by rising output in the Middle East, especially Iran, which has ramped up output since the end of international sanctions against it in January.

But Iran is returning to international oil markets more quickly than expected and is quickly returning to its maximum capacity.

This means that further disruptions in global supplies might not be compensated by rising Iranian output.

Oil's price rally, however, was capped on signs of increased output in the United States where energy firms this week added rigs drilling for oil for the second time this year, energy services company Baker Hughes Inc (BHI.N) said on Friday.

Rising prices have encouraged producers to cautiously increase activity. Drillers added nine oil rigs in the week to June 3, raising the rig count to 325 but still well below the 642 at work a year earlier, Baker Hughes said.

"While not enough to materially change the outlook for U.S. production ... there are some early signs that rigs may be returning in the best acreage, namely the Permian Basin," Morgan Stanley said.

U.S. crude oil production has fallen by 5.4 percent since January and by almost 10 percent since mid-2015 to 8.74 million barrels per day.

Video - Aliko Dangote building world's largest oil refinery in Nigeria




Nigeria is Africa's top oil producer, yet it's in the middle of a fuel crisis. The missing link: oil refineries. To address this massive disconnect, billionaire businessman Aliko Dangote is building an oil refinery right outside Lagos.


Friday, June 3, 2016

Video - Nigeria's revenue dip on low global oil prices




CCTV's Sophia Adengo now tells us how Nigeria's heavy dependence on petroleum exports for revenue has seen a ripple effect in the economy.

Video - President Buhari cancels visit to troubled oil producing Niger Delta




Nigeria has begun cleaning up decades of oil pollution in the Niger Delta region despite a last minute cancellation by the president to launch the exercise. No reasons were given for the cancellation. The Avengers militant group had however threatened oil companies with bloody attacks ahead of the planned visit by the President. He was represented by Vice President, Yemi Osinbajo.

Nigerian Mohammed Barkindo appointed Opec secretary-general

The Opec oil cartel said on Thursday that it had appointed Nigeria’s Mohammed Barkindo as its new secretary-general.

Barkindo, former head of Nigerian National Petroleum, will replace Libyan Abdalla El-Badri who has held the position since 2007.

El-Badri was due to step down in 2012, but has stayed in place because Opec has been unable to agree on a successor. Other candidates were Ali Rodriguez Araque, previously secretary-general in 2001-2002, and Mahendra Siregar of Indonesia.

"We’ve finally selected the secretary-general, which is good. He’s highly respected and qualified," said Saudi Arabian Energy Minister Khaled al-Falih.

Mohammed Barkindo, who was acting head of Opec in 2006, met ministers from Algeria, the United Arab Emirates (UAE), Kuwait, Venezuela, and Saudi Arabia in Vienna this week to garner support for his candidacy, according to a person familiar with the matter, who asked not to be identified because the talks were private.

Indonesia’s Siregar — a former deputy finance minister described by UAE Oil MinisterSuhail Al Mazrouei as the only other credible candidate for the post — did not make a public appearance in Vienna on Wednesday.

Angola, the only other member of Opec in sub-Saharan African, supported Barkindo, Minister of Petroleum José Maria Botelho de Vasconcelos told reporters on Wednesday.

The Nigerian candidate also met with Iraq and Iran prior to Thursday’s Opec meeting, according to a person familiar with the matter.

El-Badri was originally due to step down in 2012, after serving the maximum two terms permitted by Opec’s regulations.

Squabbling members were not able to agree on a replacement, as political rivals Saudi Arabia, Iran and Iraq blocked each other’s applicants, and El-Badri’s tenure was extended at successive meetings.

At Opec’s last meeting in December, the feud over the group’s role in managing oil markets spilled over into the selection of its most senior official.

Venezuela, Algeria, Iran and Ecuador — frustrated at their inability to press Saudi Arabia into cutting production — insisted that El-Badri’s term should not be extended another year. A compromise was reached, with the extension limited to July, and his title modified to acting secretary-general.

If no unanimous decision is reached to choose a new secretary-general, the position "shall be appointed on a rotational basis for a term of two years", according to article 28 of Opec’s statute.

This is what happened for much of the decade before El-Badri’s appointment, with the position filled by representatives from countries holding Opec’s presidency — a largely ceremonial role that is transferred alphabetically between members.

Barkindo spent more than 23 years at Nigerian National Petroleum, where he served in various capacities including deputy MD of Nigeria LNG, head of the international trading unit and manager of the state-run company’s London office. He also served for 15 years as Nigeria’s national representative to Opec. In January 2009, he was appointed group MD of Nigerian National Petroleum, only to be removed from the post a little more than a year later by then-president Goodluck Jonathan.

Land disputes fuel herdsmen violence in Nigeria

When Sarah Adaji's husband retired as a teacher two years ago, he kept himself busy tending to their farm, hoping to provide food for his family and make some money off the produce.

Three months ago, Adaji returned to their home in Nigeria's middle belt region to learn that armed herdsmen had stabbed her husband and dragged him through the fields until he died.

"The cattle herders came and wiped out my joy," the 44-year-old widow told the Thomson Reuters Foundation, recalling how her husband had relished working on the farm after his retirement.

"They wanted to kill every man in my village, and in the area," she said at Ocholonya village in Nigeria's Benue state.

Hundreds of people like Adaji's husband are killed each year in violent clashes over land use between semi-nomadic, cattle-herding Fulani people and more settled farming communities.

But the violence has surged this year as advancing desertification, overgrazing and lower rainfall drive the mainly Muslim pastoralists toward more fertile land in Nigeria's predominantly Christian south, farmers and activists say.

Raids by Fulani herdsmen armed with guns, bows and machetes on communities in Benue and Enugu state since February have destroyed villages, killed hundreds of people and forced tens of thousands to flee, according to the U.N. refugee agency (UNHCR).

The UNHCR said at least 340 people have been killed so far this year, 70 more than the number of deaths inflicted by the Islamist militants Boko Haram in Nigeria in 2016, according to the Council on Foreign Relations' Nigeria Security Tracker.

The Nigerian Senate is considering a bill to establish grazing reserves across the country, seeking to reduce violence and ease tensions between the herdsmen and farmers in a nation that is home to the largest equal mix of Christians and Muslims.

Yet opponents of the grazing bill say such a move - forcing farmers off their land and giving it to the Fulani - would defy Nigeria's land laws, under which all land belongs to the state.

"The bill is a strategy for territorial expansion, it is a disservice to non-Fulanis," said Stephen Obodoekwe of Nigeria's Centre for Environment, Human Rights and Development (CEHRD).

"The farmers will lose their farms, impunity of the herdsmen will increase, and there will be more violence," he added.

FARMING HIT HARD

Half of people in Nigeria work in agriculture, which accounts for around a quarter of its gross domestic product (GDP), according to the World Bank and Central Bank of Nigeria.

Yet rising violence in recent years has ruined harvests, driven many farmers from their land and prevented them from returning. Conflict has also deterred entrepreneurs and businesses from investing in Nigerian agriculture, farmers and activists say.

Conflict between farmers and herdsmen in just four Nigerian states could cost the country at least $14 billion annually in lost potential revenues, according to aid agency Mercy Corps.

"Farmers in the targeted communities keep away from farms as a result of attacks ... the herdsmen destroy farmlands and crops, making farming impossible," said Obodoekwe of the CEHRD.

There have been at least 370 clashes involving herdsmen and farmers in Nigeria in the last five years, compared to just 20 in the 15 years before that, according to data from the Lagos-based research firm SB Morgen.

The prospect of rebuilding farms and spending extra on security is a concern for many farmers, said Emeka Nwachinemere, whose land has been raided twice in the last three years.

"Building a small farmhouse, having someone stay at the farm permanently, buying a motorcycle and paying for their food ... that costs a lot of money - around 200,000 naira ($1,000) each year," he said at his farm in Nigeria's southwestern Oyo state.

The violence has uprooted more than 100,000 people in Benue and Enugu states, and many are staying with relatives or in makeshift camps, according to the UNHCR.

"In my 20 years of working as a humanitarian, I have never seen such levels of destruction," UNHCR representative Angèle Dikongué-Atangana said after the attacks in Benue in February.

The bursts of violence have displaced 400,000 people in the last five years, and while eight in 10 have since returned, many are still struggling to rebuild their lives, the UNHCR said.

TRIPLE THREAT

The herder-farmer conflict presents a further challenge for a government faced with the Boko Haram insurgency and recent attacks on oil pipelines by the Niger Delta Avengers militants.

Nigeria has made preventing attacks by armed herdsmen a security priority in Africa's most populous country, a spokesman for President Muhammadu Buhari said in April.

"The government ... must not let this sore fester like Boko Haram," said a government source on condition of anonymity.

The national grazing reserve bill, which was rejected by the previous Senate, is currently being debated in parliament.

The proposed law would create a commission with the power to seize land, and after paying compensation to the owner, assign it as a grazing reserve for use by the Fulani herdsmen.

Opponents of the bill, including politicians, civil society groups and activists, say such a move would be unconstitutional, as Nigeria's 1978 Land Use Act, which is enshrined in the country's constitution, nationalised all land.

The act intended to override customary land rights - where people have traditional rights but no legal recognition or protection of their land - in order to make land more accessible to all citizens, improve tenure security, and boost development.

Yet the act made allocating land discretionary, creating opportunities for state corruption, said Leena Koni Hoffman, an associate fellow at the London-based think-tank Chatham House.

It also made obtaining land occupancy certificates time-consuming and costly, contributing to the country's large informal land market, found a report on land tenure in Nigeria by the U.S. Agency for International Development (USAID).

"Like all state controlled resources, the management of land in Nigeria has been plagued by corruption and poor management," Hoffman told the Thomson Reuters Foundation.

The idea of grazing areas should be dismissed in favor of creating cattle ranches, to stop the Fulani from roaming and to curb violent clashes, several politicians and activists say.

"In a country where ethnic tensions are at an all-time high and where the fear of ethnic dominance is rife, there are other better and more efficient ways to start a deadly war," said Saatah Nubari of the Nigerian Nationalist Youth Movement.

"But the passing of the National Grazing Routes and Reserve Bill will be the fastest way."

South Korea beat Nigeria 1-0 in Suwon International football tournament

It was a bad start for the Dream Team VI in the Suwon Invitational Tournament as they were pipped 1-0 by hosts South Korea Thursday. 

The Samson Siasia-tutored side lost at the Suwon World Cup Stadium thanks to Choi Kyubaek’s 86th minute winner. 

The Nigerian team were looking to start the tournament on a good footing, by winning or grabbing a draw, but that was not to be as their hosts proved too strong for them. Coach Siasia named a strong squad with Emmanuel Daniel and Usman Mohammed starting. 

The likes of Saturday Erimuya and Erhun Obanor marshalled the defence line, and the belief was that the team was going to get something from the game. 

The Dream Team started the game on a frantic note and were by far the better side in the opening 20 minutes of the game, but failed to convert their chances. Choi Kyubaek broke their hearts with the late strike and the hosts managed to hold on until the final whistle. Siasia’s lads have a chance to redeem their image in the competition when they battle Honduras and Denmark in the next two games.


Thursday, June 2, 2016

Video - Rescued Chibok girl to complete school in the U.S.




The Nigerian government has announced that it will be taking over guardianship of two schoolgirls rescued from Boko Haram. The girls had been in captivity for over two years. Sophia Adengo has the latest.

Video - The lives shattered by the oil spills in Nigeria's Niger Delta




Nigerian President Muhamadu Buhari is expected to launch the clean-up of oil spills the Niger delta on 2nd June-It could take up to 30 years to restore the environment in affected areas. CCTV's Kelechi Emekalam reports on the struggles of fishermen in Ogoniland to get compensation.


President Buhari cancels visit to Niger-Delta

Nigerian President Muhammadu Buhari has canceled at the last minute a visit planned for Thursday to the oil-producing Niger Delta, which has been hit by a wave of militant attacks, a government source said.

Vice President Yemi Osinbajo will instead visit the restive southern region to launch a cleanup program of the Ogoniland, an area badly hit by oil spills, the source said, without giving a reason for Buhari's cancellation.

Buhari had already skipped a visit to the commercial capital Lagos in the south last month at the last minute. Posters with his picture had been already hung up to welcome the president before his spokesman cited "scheduling" difficulties.

It would have been the first visit of the former military ruler to the Delta since taking office in May last year. Critics have accused Buhari, a Muslim from the north, of ignoring the predominately Christian south.

The southern Delta swamps have been hit by a series of militant attacks on oil and gas pipelines which have brought Nigeria's oil output to a 20-year low.

Hours after the announcement of Buhari's visit to the swamps on Tuesday the Niger Delta Avengers militant group, which has claimed several attacks on Chevron and Royal Dutch Shell facilities, issued a warning to oil firms that their "facilities and personnel will bear the brunt of our fury".

The Avengers have accused Buhari of ignoring local problems.

Buhari said on Sunday the government would hold talks with leaders in Nigeria's main oil-producing region to address their grievances, in a bid to stop a surge in pipeline attacks.

Residents in the swamp areas have for years complained about oil industry pollution and about economic marginalization by the government.

Local officials and Western allies such as Britain have told Buhari that moving army reinforcements to the Delta region would not be enough to stop the attacks and that the population's grievances should be dealt with.



Nigerian military warns Avengers to end hostilities

Nigeria’s Defence Headquarters on Wednesday issued a warning to militants and oil pipeline vandals across the Niger Delta, saying the nation’s military would not abandon the confidence reposed in it by Nigerians.

The warning came ahead of President Muhammadu Buhari’s trip to the region on Thursday.

It also came hours after the militant group, Niger Delta Avengers, claimed responsibility for the destruction of two oil wells belonging to Chevron Corporation.

“The Defence Headquarters wishes to emphasize that the Nigerian Armed Forces will not relent in their efforts to flush out economic saboteurs masquerading under whatever guise to perpetuate evils in the Niger Delta,” Rabe Abubakar, the Acting Director of Defence Information said in a statement.

The Avengers, a new militant group that has claimed responsibility for a string of attacks on oil and gas installations across the Niger Delta since February, wrote on its Twitter page that it blew up the Chevron wells in the early hours of Wednesday.

“With the heavy presence of 100 gunboats, 4 warships and jet bombers, NDA blew up Chevron oil wells RMP 23 and RMP 24 3:44 a.m. this morning,” the group tweeted.

The group also ridiculed the Nigerian military, saying its successful activities had shown “the whole world that Nigeria military is good in harassing innocent civilians”.

In his statement, Mr. Abubakar said the military would not be intimidated by the tactics of the suspected militants.

“The military is not unmindful of the campaign of calumny against our soldiers by paid agents claiming that soldiers are harassing members of the public while performing their constitutional responsibility,” Mr. Abubakar, a brigadier-general, said.

“It is pertinent to state that it is the same group of people that are wreaking havoc on the critical national assets that are blackmailing the Armed Forces and other security agencies to divert attention.”

The military denied that it was harassing innocent people in Niger Delta communities.

“The security measure put in place is not meant to intimidate any innocent individuals but to bring normalcy to our land. We urge the communities and well meaning Nigerians to cooperate with the security agencies in their bid to apprehend the perpetrators.”

Mr. Abubakar, therefore, reinstated military’s commitment to discharge its duties within the ambiance of the law.

“The military and other security agencies will continue to discharge their lawful duties in the Niger Delta and any other part of the country in a most professional manner devoid of the claim by the criminal elements of harassment, intimidation and arrest. Our job is to secure infrastructural facilities and property of innocent citizens as well as containing the activities of criminal.”

Mr. Buhari’s journey would take him to Ogoniland where he is expected to flag-off the cleanup of the area which has been polluted for decades as a result of oil exploration there.

Nigeria's new militants - The Niger Delta Avengers

With a name that sounds like it has come from the pages of a superhero comic book, the Niger Delta Avengers (NDA) is the latest militant group to emerge in Nigeria - attacking oil installations in a campaign which threatens the economy of Africa's most populous state.

"We are a group of educated and well-travelled individuals that are poised to take the Niger Delta struggle to new heights that has never been seen in this nation before," the NDA proclaimed in one of their first statement's on their website in April.

"We have well-equipped human resources to meet this goal."

It was not an idle threat. The NDA has carried out a barrage of attacks on oil installations in the Niger Delta region, causing a huge decline in oil production, which is the mainstay of the West African state's economy.

"The renewed activities of the militants in the Niger Delta is seriously affecting our oil production," Minister of Finance Kemi Adeosun admitted on state-owned NTA television.

Who is their leader?

This is the first armed group to emerge in the region - where most people are poor despite the fact that it is rich in oil - since late Nigerian President Umar Musa Yar'Adua granted amnesty to militants there seven years ago.

At the time, militants in the region said they wanted a better deal for their people who have suffered environmental degradation and economic dislocation because of oil production by some of the world's leading firms.

Many of the militants were encouraged to drop their arms and agitation in exchange for some cash incentives and training. Former President Goodluck Jonathan, who comes from the Niger Delta, continued the scheme.

The amnesty programme, which provides tens of thousands of former oil militants with a monthly stipend from the government, stemmed the level of violence.

But in the latest budget, President Muhammadu Buhari reduced funding for it by 70%, and has spoken of phasing it out entirely by 2018.

It is difficult to identify or determine who the members of the NDA are - their Twitter handle currently has an AFP photo of a Movement for the Emancipation of the Niger Delta (Mend) militant taken in September 2008 as its profile picture.

Local people in the region believe members of the group are largely elements of previous militant groups like Mend - led by Henry Okah, who has been incarcerated in South Africa - or the Niger Delta People's Salvation Front led by the vocal Mujahideen Asari Dokubo. They were left out of the government's amnesty programme.

Many say the NDA militants are followers of former Niger Delta warlords like Government Ekpemupolo, who has the alias Tompolo.

He signed up to the amnesty programme but has been on the run since February, refusing to be questioned by Nigeria's anti-corruption agency in connection with $231m (Ј163m) in missing government funds.

Mr Ekpemupolo has dissociated himself from the group - but none of the former militant leaders have commented.

Others believe the new militants are criminal elements that want to draw attention to themselves now that their kinsman, ex-President Jonathan, is out of power.

Currently, it is not known who officially leads the group, although a Col Mudoch Agbinibo has been signing press releases on behalf of the NDA.

There are suggestions that "Mudoch" is a pseudonym, like the one-time "Jomo Gbomo" of Mend.

Whatever perceptions people might have of the group, its activities in the Niger Delta appear well co-ordinated with a high level of technical expertise.

Oil production down

The NDA has stated unambiguously what it is setting out to achieve: "Our goal is to cripple Nigeria's economy."

After declaring what it called "Operation Red Economy" in February, it blew up an underwater pipeline forcing Royal Dutch Shell to shut down a terminal which normally produces 250,000 barrels of oil a day (bpd).

Last month, Shell declared a force majeure, which excuses a company from contractual agreements because events beyond its control, on exports of high grade crude oil after an attack on one of its trunk lines.

A few days later, US firm Chevron shut its Valve Platform following another attack, also claimed by the Avengers.

And ahead of President Buhari's first expected visit to the region on Thursday, the NDA said it had blown up two Chevron export terminals.

These attacks have dealt a huge blow to the revenue of the Nigerian government, which says the renewed activities of the militants are seriously affecting oil production.

In fact the country's production has dropped to 1.65 million bpd, as against the projected 2.2 million bpd.

The military has issued a stern warning that it will deal decisively with any group fermenting trouble in the country, including those it has described as "criminal elements in the Niger Delta".

But this appears to have emboldened the Avengers into more attacks that have had a knock-on affect on the supply of electricity that depends on gas from the oil-producing companies.

For President Buhari, who just marked one year in office, the NDA presents another fresh security challenge to the government which has been grappling with Islamist insurgency in the north-east of the country.



Wednesday, June 1, 2016

Nigeria working to boost aviation infrastructure development




Demand for air transport services in Nigeria has significantly increased by up to 40% in the last decade. Plans are currently underway for infrastructure development to enhance rapid movement of passengers, goods and services to boost growth.

Video - Nigeria's imports and exports plunge to record lows




Nigeria's trade account headed south in the first quarter of 2016 after exports fell by almost half. Data from the national bureau of statistics show the value of its exports, mostly crude, plunged 52% to 6.4 billion dollars in the three months to March from a year ago. First-quarter imports dropped 15.8% to 7.3 billion dollars pushing the balance of trade to negative 925.13 million dollars.

Nigeria defeats Luxembourg 3-1 in football friendly

Nigeria's Super Eagles rounded off their two-game international friendlies with a comfortable 3-1 win over the Red Lions of Luxembourg on Tuesday.

Goals from Brown Ideye, Kelechi Iheanacho and Odion Ighalo ensured Nigeria won their second straight game in four days.

A sparse crowd at the Stade Josy Barthel in Luxembourg City watched the Super Eagles take on the Luxembourg side for the first time at full senior level with Nigeria doing the early running.

Luxembourg did have a sight at goal early in the game but did not make hay as Nigeria dominated for majority of the first half.

Aminu Umar was a live-wire down the right for Nigeria as they pressed forward to get a goal. Kelechi Iheanacho had a chance to get Nigeria ahead but was denied by a well-timed tackle as Luxembourg goalkeeper Moris Anthony was kept busy.

Nigeria eventually got the first goal in the 35th minute of the game. A mazy run by Aminu Umar created a chance for Ogenyi Onazi whose shot was parried by Anthony but Brown Ideye was on hand to tap home his first international goal in three years.

The Super Eagles continued their dominance in the second half and were rewarded when Moses Simon capitalised on a poor clearance by the Luxembourg goalkeeper to square the ball to Kelechi Iheanacho to score his second goal in two matches to put Nigeria 2-0 up in the 68th minute.

Luxembourg thought they had clawed their way back into the game when Kenneth Omeruo’s mistake in defence gifted youngster Vincent Thill the opportunity to reduce the deficit in the 89th minute.

Odion Ighalo though sealed the game for Nigeria in added time to make it 3-1 and earn the Super Eagles a comfortable win.

Tuesday, May 31, 2016

GoMyWay platform helps Nigerians tackle traffic and fuel shortage




A rideshare service is offering Nigerians some relief from high fuel prices after months of scarcity. GoMyWay is a car-pool platform that connects travellers with drivers going along the same route.

Video - Nigeria's economy strained by decreased crude oil output




Militant problem in West Africa is not new. Delta residents, most of them poor, have long demanded a greater share of oil revenues since most of Nigeria's crude comes from their region. The latest militant group call themselves the Niger Delta Avengers.

Nigeria partners with Russia for nuclear technology

Nigeria yesterday signed Memorandum of Understanding, MoU, with the government of Russian Federation, on cooperation in construction of centre for nuclear science and technology in the country. 

The MOU, which was signed between representatives of the two countries, Mr Sergey Kirienko, Director Russian Rosatom State Corporation and Dr Erepano Osaisai, Chairman/Chief Executive, Nigeria Atomic Energy Commission, was part of the high points of Nigeria’s participation in the ongoing 2016 ATOM Expo, in Moscow, Russia. International Forum, ATOM EXPO is the largest exhibition and business venue for meetings and negotiations of the world leaders in nuclear energy. 

Immediately after signing the MOU, Dr Osaisai said that Nigeria’s intention to acquire nuclear technology followed the realization that nuclear energy contributes quite a chunk of global electricity. 

He noted that Nigeria, with its huge population, could not afford to miss out in the current trend. He also admitted that the project would come with a huge cost but added that the cost of not having clean energy and adequate electricity would be higher for those who failed to join the fray. 

Osaisai said: “Nuclear acquisition has come to stay. It is well known that it contributes quite a chunk of global electricity. ‘’Although Nigeria does have other sources of energy, but this is about a balanced and diversified energy basket. 

Nuclear happens to be the one we considered. “The preference is because it is environmentally friendly and leads to a better conservation of other resources.” 

Recall that Nigeria was first in Africa to establish a research reactor when in 2004, it enabled a Chinese-origin research reactor at Ahmadu Bello University. The country is also reportedly seeking collaboration with the International Atomic Energy Agency, IAEA, to develop plans for up to 4,000 MW of nuclear capacity by 2027.

President Buhari gives go-ahead on flexible Naira

Faced with an economy nearing recession and inflation at the highest in almost six years, Nigerian President Muhammadu Buhari has backed down on his refusal to allow the naira to weaken.

Buhari has given the central bank the go-ahead to introduce a more flexible exchange-rate system even as he remains opposed to devaluation of the naira, said Garba Shehu, his spokesman.

“The president is opposed to devaluing the naira, he has said so repeatedly,” Shebu said in an interview on state-controlled NTA Television on Monday. “He has given them leeway to introduce what he has called ‘flexibility in managing’” the currency’s value, he said, referring to the central bank.

Buhari said at the weekend he supported a stable currency, though he would keep “a close look at how recent measures affect the naira and the economy.” The comments, made four days after the Central Bank of Nigeria said it planned to introduce a more flexible exchange-rate regime, left traders guessing whether he supported those measures.

“We see this as a welcome development as it will help reduce the uncertainties regarding the expected policy framework on foreign-exchange flexibility announced by the CBN governor last week,” analysts at Lagos-based Investment One said in an e-mailed note Tuesday. “We see the move towards a market-determined exchange rate from both fiscal and monetary authorities as a catalyst for increased economic activities.”

Nigeria has held the naira at 197-199 per dollar since March 2015, even as other oil exporters from Russia to Colombia and Malaysia let their currencies drop amid the slump in crude prices since mid-2014. Foreign reserves dwindled as the central bank of Africa’s largest oil producer defended the peg, while foreign investors, fearing a devaluation, sold Nigerian stocks and bonds.

Three-month non-deliverable naira forwards have weakened 35 naira to 285 per dollar since the central bank announced its change of direction, suggesting traders anticipate the currency may trade near that level in the event of a devaluation.

Central bank Governor Godwin Emefiele said on May 24 policy makers were considering a two-tier currency system, with the naira trading nearer a market-related level in the interbank market while the central bank would continue to allocate dollars to strategic industries at a fixed rate. He said the new system would be implemented “in the coming days.”

Mobile data prices finally coming down in Nigeria

Africa’s mobile internet market has grown steadily over the last decade and new forecasts show mobile data revenue, will double over the five years to 2019—topping $22 billion. On the other hand, mobile voice revenue, though still significantly higher ($50 billion in 2014), will only grow by 10% in the same period. It means the continent’s telecoms operators will likely intensify efforts to grab more mobile data market share in coming months.

In Nigeria, the continent’s biggest mobile market, the race for more mobile internet users has already kicked off with a shift in telco marketing strategies away from voice minutes to data package offers. And with this has come a sharp drop in mobile data prices.

Nigeria’s internet usage numbers has grown rapidly in the last few years and is now pegged at 92 million, down by a few million owing to a recent sim card registration exercise that cut off unregistered users due to security concerns.

Over the course of the last month, the country’s leading mobile operators have announced cuts in mobile data prices. The price cuts were primarily made possible by the deregulation of the data prices by the Nigerian Communications Commission last October when the regulator announced a removal of a data floor price, leaving telcos to set prices as low as possible.

Once the regulators removed the artificial floor the Nigerian market was always likely to follow a similar trend seen in the United States and Europe with data eventually becoming a far valuable proposition for mobile operators than voice. But cheaper mobile data is likely to have a far more significant impact in a country with very low fixed line broadband internet penetration.

Once the regulators removed the artificial floor the Nigerian market was always likely to follow a similar trend seen in the United States and Europe with data eventually becoming a far valuable proposition for mobile operators than voice. But cheaper mobile data is likely to have a far more significant impact in a country with very low fixed line broadband internet penetration.

Nigeria is Facebook’s biggest African market and only Egypt registered more tweets than Nigeria in 2015. As a result of the popularity of these apps which offer both messaging and voice services, telcos have created specific plans for various OTT services “as a means to lure customers in and then up-sell them to full plans once they get hooked,” says Sanusi. Some have even offered special packages for Netflix users.

Amid falling prices, the strategy will not be any different. By making mobile data cheaper than it’s ever been, telcos are hoping to gain more users who might later upgrade to more expensive plans.

The hope is that the trend catches on in other African countries as a PwC report shows mobile data prices need to drop significantly as only 43% of the world can afford 500 megabytes per month.

In fact prices in Nigeria need to drop by 97% to become affordable for the majority of the country’s 180 million people. With the price for 500 MB of data in Nigeria falling 50% in the last month alone, it appears Africa’s biggest mobile market could be on its way to meeting that target.

Monday, May 30, 2016

Video - The technology ecosystem in Nigeria



Video - Has President Buhari delivered on his promises




A year of triumph, consolidation, pains and achievements is how Muhammadu Buhari describes his first year in office.In an anniversary speech on Sunday, the Nigerian President promised to boost the economy, eliminate corruption, build roads and bridges and defeat Boko Haram.They are similar to the pledges made in his presidential election campaign.Buhari inherited several problems from the previous government when he took over a year ago.Since then, a new threat has emerged, which is attacking the heart of the economy.The Niger Delta Avengers are an armed group sabotaging pipelines in southern Nigeria, home to most oil and gas fields.The Avengers are demanding more of the national oil revenue to benefit the population of the poor and polluted Delta region.How will he deal with the threat and the many problems Nigerians face?Presenter: Martine DennisGuests:Lai Mohammed, Nigerian Minister of Information.Donu Kogbara, Nigerian journalist and former member of the Presidential Committee on Oil & Gas.Manji Cheto, Nigerian security consultant and political risk analyst.

Friday, May 27, 2016

Video - Nigeria's currency falls to N350 per dollar in parallel market




Earlier this week, Nigeria's Central Bank said it would set up a more "flexible" exchange rate policy, but so far the details of how it will be implemented, are not clear. On Thursday, the Central Bank told currency traders to submit bids for dollars at the current, fixed rate of 197 Naira to the Dollar.

Video - The cake master of Lagos, Nigeria




A young Nigerian is causing quite the stir in the country with his unique cake designs. Kema Abuede is popularly known as the "Cake Priest", and he got into the industry after failing to secure an admission to a polytechnic to study mass communication.


Nigeria Delta Avengers attack oil facility, vows to "shock the world"

Niger Delta Avengers, the new militant group that has launched multiple attacks on oil and gas installations in the Niger Delta region, has struck yet again.

The group announced its latest assault on Friday, saying it blew up a gas and crude trunk line belonging to the Nigerian National Petroleum Corporation, NNPC, in Warri, Delta State, late Thursday.

The Avengers announced the attack via its Twitter handle.

The group said that the facility was “heavily guarded” by the Nigerian military, in an apparent attempt to mock the Nigerian armed forces’ capacity to check its activities.

“At 11:45pm on Thursday.@NDAvengers blew up other #NNPC Gas and Crude trunkline close to Warri. Pipeline that was heavily guarded by Military,” the group tweeted.

The NNPC is yet to comment on the attack. Its spokesperson, Garbadeen Mohammed, told PREMIUM TIMES he was still collating information on the incident.

The group rejected a meeting recently convened in Abuja by the federal government, warning of its readiness to carry out an attack that will “shock the whole world”.

“The Niger Delta stakeholder’s meeting is an insult to the people of Niger Delta. What we need is a Sovereign State not pipeline Contracts.

“To the IOC’s, Indigenous Oil Companies and Nigeria Military. Watch out something big is about to happen and it will shock the whole world,” the group said.

The new group has launched several attacks on oil and gas infrastructure since February 2016, demanding a sovereign nation of the Niger Delta people.

On Thursday, the group claimed responsibility for another attack on a gas pipeline belonging to Chevron in Delta state.

“We warned Chevron, but they didn’t listen. NDA just blew up the Escravos tank farm main electricity feed pipeline,” it said.

The militants said the oil facilities were sabotaged following attempts by Chevron to carry out repairs of main Escravos crude oil pipeline it blew up earlier.

A spokesperson for the group, Mudoch Agbinibo, had earlier this month warned the Nigerian government of further attacks if their demands were not met.

Last week, Chevron’s Makaraba crude oil line was attacked on the offshore Okan manifold in the region.

The attack followed previous ones on the company’s facilities at Abiteye, Utunana and Makaraba platforms in Warri South-West area of Delta State resulting in the loss of over 40,000 barrels of oil per day.

The Management of Chevron Nigeria Limited declined comments on Wednesday’s attack.

Sola Adebawo, manager communications and government relation at CNL said the oil firm would not immediately comment.

“We are not able to comment at this time,” Mr. Adebawo said in a text message on Thursday.

Residents in the area said that an explosion occurred on Wednesday night.

Eric Omare, Spokesman for Ijaw Youths Council confirmed the incident but did not provide details.



Vincent Enyeama extends contract with Lille

Former Nigeria Captain Vincent Enyeama has extended his contract with French club Lille till 2019, suggesting that the shot-stopper plans to see out the rest of his career at the French club.

Enyeama has made just under 200 appearances for Lille after joining from Israeli club Hapoel Tel Aviv in 2011.

The Nigerian, before now, had been linked with a move away from Lille, but this renewal outs an end to any transfer rumours.

“LOSC is pleased and proud to announce the extension of Vincent Enyeama contract for two more seasons. The Nigerian goalkeeper, 33 years, will continue to defend the post of LOSC until 2019,” Lille OSC announced on their official website on Thursday.

The French club further explained that they have decided to agree a renewal with Enyeama because he is a big influence in their dressing room in terms of “his experience in international games, his leadership, and of course, his immense talent”.

Lille OSC training centre director, Jean-Michel Vandamme, believes that keeping Enyeama at the club is “fantastic” news considering his quality.

“Vincent is an exceptional lad both on the field, and also outside. Continuing to work with a player of his calibre and a man of his quality is something fantastic for the club. He still has a bright future and showed that again this season. He is happy at LOSC and feels like home (for him),” said Vandamme.

Enyeama kept 17 clean sheets this season in the league for Lille, making 93 saves including 53 from inside the box.

United Airlines canceling flights to Nigeria

Chicago-based United Airlines is the latest casualty of Nigeria’s economic slowdown as the company has announced that it will stop flights to the country after June 30th. A United spokesman cited a “downturn in the energy sector” as well as difficulties with repatriation of its dollar profits amid tight foreign currency controls by the Nigerian government.

United, the third largest US carrier by revenue, currently flied from Houston to Lagos everyday.

Since the turn of the year, Nigeria has struggled with dwindling foreign reserves as a result of a drop in the price of oil, its main revenue source. To curtail outflow of foreign exchange, the government put in place strict controls, including limiting repatriation of dollars out of the country. Airlines operating in the country have been badly hit by the policy which has left Nigeria owing airlines, including United, around $575 million according to International Air Transport Association.

The airline’s decision to cut flights in a market where government’s policies, including currency controls, have affected its business is not without precedent. In 2014, United reduced its Venezuelan operations by 43% in similar market conditions. The airline’s withdrawal from Nigeria weakens the countries strength as an aviation hub in Africa as it is now left with only Delta Air as the remaining major international carrier flying direct to Nigeria from the United States.

The news is also likely do more harm to Nigeria’s poor reputation as a conducive business environment. It already ranks 20 places from bottom in the World Bank’s most recent Ease of Doing Business report.

The effect of president Muhammadu Buhari’s economic policies will once again be questioned as he closes in on completing his first year in office this weekend. The president’s firm refusal to devalue the Nigerian naira, despite a steep fall in value against the dollar, plus bans on imports of several items has seen investors grow increasingly cautious about operating in the country. The impact of the policies was particularly felt in the first quarter of 2016, as the economy shrank for the first time in two decades with analysts warning of an impending recession.

How Nigeria has changed under the Buhari regime


President Muhammadu Buhari came to power promising Nigerians "change". Novelist and writer Adaobi Tricia Nwaubani gives five examples of what has changed in Nigeria since 29 May 2015 when he was sworn in.

1. Are we safer?

Those of us who travel regularly in Nigeria's north-east had become used to what should be a 15-minute journey turning into an hour-long ordeal.

You had to stop dozens of times at roadblocks and disembark, while heavily armed soldiers inspected your vehicle for traces of the Islamist militant group, Boko Haram.

Today, the number of checkpoints has fallen significantly - even on the road to Chibok - thanks to enhanced confidence in the security of the entire region.

The army has regained swathes of territory that the Islamist militants had occupied as part of their so-called caliphate.

Boko Haram has been considerably weakened, resigned to attacking soft targets using suicide bombers.

Thousands of women and girls kidnapped by the group have also been rescued, including one of the 219 schoolgirls from Chibok abducted in April 2014.

But while there is progress in the north-east, trouble in the Niger Delta, the country's oil-producing region, is resurfacing.

Recent attacks on oil facilities have caused a drop in production and helped push up the global price of crude oil.

2. Where's my money?


In the months preceding last year's elections, the popular chant on the streets was "Sai Buhari, Sai Buhari", which means "Only Buhari" in Hausa - the most widely-spoken language in the north where the president originates.

"Sai Buhari" became an almost magical greeting, capable of earning you a discount from the sweaty chap pushing a wheelbarrow of tiger nuts or sugar cane.

It could even elicit a smile followed by permission to move along, from the miscellaneous airport officials who usually ensure that your passage through Nigerian customs and immigration is fraught with agonising delays.

A year later, the chant has changed to "Buhariya", which roughly translates to "Buhari's way" or "Buhari's time".

The slogan is now used to explain every unpleasant evidence of Nigeria's troubled economy and a time of austerity.

Q: "A basket of tomatoes has gone up from 3,000 naira ($15) to 18,000 naira?"

A: It's "Buhariya!"

Q: "How come the naira is plummeting against the dollar on the black market?"

A: It's "Buhariya!"

3. Where's our money?

This time last year, friendship with Sambo Dasuki, the former national security adviser, could have altered your economic circumstances forever.

He would have been besieged with invitation cards to be the chief guest at various events.

When he entered a room, almost everyone would stand in respect.

Today, he sits in an Abuja jail, awaiting trial for the alleged mismanagement of billions of dollars meant for the war against Boko Haram - charges he denies.

Several other big men, previous untouchables, such as former service chiefs, top politicians and government officials, are also sitting in jail awaiting corruption trials, or out on bail.

And, if you're looking for a second-hand luxury car to buy, now may be the time.

A number of people formerly linked to the government are desperate for cash and selling off their fleets.

It would seem as though the leaking taps that gushed dollars to be spent carelessly have stopped flowing since President Buhari came to power.

4. Where are the women?

Ensuring women's participation at all levels in political, economic and public life is one of the targets of the UN's sustainable development goals (SDGs).

But oly six out of Mr Buhari's cabinet of 37 are women, a meagre 16% and way down on the previous administration's 31%.

The president's wife, Aisha, is also the most silent first lady Nigeria has had in decades, barely seen or heard - except maybe when she is visiting unkempt children in a refugee camp or donating food items to victims of Boko Haram. She appears as the stereotypical good African wife.

Her invisibility is suspicious when you consider that President Buhari, during his election campaign, said he would abolish the office of the first lady - but then retracted the suggestion when challenged by feminist voters.

5. What are we wearing?

In Abuja the government in power influences the style of dress throughout the administration.

Staff of the government, friends of the government and aspiring friends of the government all aim to dress like the person at the top.

Northerners ruled Nigeria for most of the country's first three decades after independence from the UK in 1960.

Over time, their traditional outfits, babarigas (flowing gowns) and kaftans, became firmly entrenched - even when a non-northerner was elected in 1999.

Olusegun Obasanjo is an ethnic Yoruba from the south but throughout his eight-year presidential tenure, he mostly wore babarigas.

Cartoons depicting a typical Nigerian "big man" will usually feature him dressed in the flowing robes, his potbelly distorting the layers of cloth.

All this changed in 2011, with the election of Goodluck Jonathan.

He was Nigeria's first president from one of the country's smaller ethnic groups, and also the first from the oil-producing Niger Delta, in the south.

Mr Jonathan preferred the long shirt and trouser outfit that is traditional among his Ijaw community.

Suddenly, the babariga was nowhere to be seen.

Government offices and hotel lobbies began to feature an inordinate number of men dressed in the presidential style of the time.

Some even went as far as the fedora hats and walking sticks that go with the outfit.

Eventually, the style gained its own special nickname - "resource control" - in reference to the fact that most people who wore it seemed to be the ones controlling Nigeria's oil resources.

Indeed, it seemed to be the preferred outfit of many of Nigeria's newest millionaires.

Not any more. Within a year of Mr Buhari, "resource control" outfits have almost completely vanished from view. The babariga is back.

Beyond these five areas, there are many more profound changes that Nigerians are expecting from our government, but those will take time.

The structure of corruption and mismanagement which previous governments left behind must first be dismantled before a new foundation of progress can be laid.

And President Buhari is no modern-day Hercules.

Cleaning Nigeria's equivalent of the fantastically filthy Augean stables of Greek myth is certainly not a one-year job.

Thursday, May 26, 2016

Video - Nigeria to issue Islamic bond to address gap




Nigeria plans to generate nearly 5 billion dollars to help fund a budget deficit through issuing the country's first sovereign Sukuk or Islamic bonds this year. The budget gap is a result of a slump in oil revenue.

Nigeria owes airlines $575 million in fares

Nigeria owes airlines more than half a billion dollars in outstanding air fares as the oil-price slump depletes reserves of the U.S. currency and prompts the government to limit the amount of money that can be moved abroad.

Some $575 million was due to carriers as of March 31, according to the International Air Transport Association, even after the Central Bank of Nigeria released funds to pay off part of the backlog.

Nigerian Vice President Yemi Osinbajo told IATA Chief Executive Officer Tony Tyler this week that airlines must agree “a realistic and achievable payment schedule,” the trade body said. Carriers could begin severing links if the issue isn’t resolved, damaging Lagos’s standing as an aviation hub, IATA said.

The Nigerian economy contracted for the first time since 2004 in the first quarter as the drop in crude prices eroded the value of oil exports. Foreign-currency reserves have slipped to $26.5 billion, the lowest in more a decade, prompting the limits on dollar repatriation.

Carriers including United Airlines, Delta Air Lines Inc. and American Airlines Group Inc. pulled capacity from Venezuela during a similar dispute in 2014 as a 61 percent inflation rate limited the state’s access to dollars. Airlines had the equivalent of $3.9 billion trapped in Venezuelan bolivars, IATA estimated.

British Airways parent IAG SA and Air France-KLM Group said in March they were unable to access ticket proceeds in Egypt as political instability there eroded foreign exchange reserves, and demand for the Egyptian pound faded.

IATA said Wednesday it’s still “optimistic that a solution will be found.”

Nigeria to sign visa-free pact with 8 African countries

The Minister of Foreign Affairs, Mr Geoffrey Onyeama, says plans have been concluded to sign visa-free pacts with a bloc of eight African countries to promote economic partnership on the continent. 

Onyeama announced this in Abuja on Tuesday at a news confernce to mark one year of President Mohammadu Buhari’s Administration. 

The minister, who did not disclose the names of the countries making up the bloc, noted with concern that trading among African countries had been very low. 

He, however, said that with the new idea by the President Mohammadu Buhari led administration, “it is expected that there will be upsurge in economic activities.

“ Africa is the centrepiece of our foreign policy but it is a paradox that as a Nigerian, you cannot go to an African country without a visa unlike what is obtainable in Western Europe. 

“To address this as a leader in the continent, the country is at a point of introducing an initiative to promote African trade as part of the country’s foreign policy of Africa as the centrepiece”, he said. 

Onyeama said Nigeria was trying to come up with an initiative, like the one in Western Europe where one could enter any sister country without a visa. According to him, what we are trying to do at the ministry is to promote visa-free, free movement of business people. 

“We want to start with about eight countries or see if they come up as a group of eight countries. At the presidential level, they agreed to that, and signed up to free movement. 

“If we can achieve that within a year, then other countries may want to join and we believe this is a better way to go than institutional ECOWAS etc, as countries take so long to ratify agreements. 

“We believe we can just start off, eight countries and they agree among themselves, then others will come in,” he said. 

Onyeama also added that it would not help if the continent continued to export just raw materials to developed nations. 

He said the Ministry of Industry, Trade and Investment was working towards enhancing doing business with ease in Nigeria. 

Onyeama said the ministry was working with the immigration to see rise in the number of visa issued to businessmen and investors.

“It is one of the cardinal strategies for the Ministry of Industry, Trade and Investment to facilitate investors doing business in Nigeria”, he said. Onyeama said the Ministry of Industry, Trade and Investment had been mandated to ensure that there was reduction in the time it took to register companies.

Spain dragged into Nigeria's tomato crisis

The streets of the eastern Spanish town of Bunol turn red and gooey every year on the last Wednesday of August, as tens of thousands of people gather to celebrate La Tomatina. It's not an event that has caused much of a stir on social media outside the country, but in the past few days Nigerians have been been distracting themselves from their own tomato crop crisis by making good-humoured jabs aimed at the European festival.

The topic of tomatoes - a staple of the Nigerian diet - is currently not a laughing matter outside the digital realm in Nigeria. A state of emergency has been declared in the tomato sector in Kaduna state, in the north of the country and farmers are said to have lost up to 80% of their tomato crop.

The culprit is a moth called Tuta Absoluta. The agriculture commissioner in Kaduna state said the price of a punnet has risen from $1.20USD to more than $40. Some reports said that in three local government areas, about 200 farmers lost 1 billion naira ($5.1 million) worth of their tomatoes.

Nigeria's Minister of Agriculture and Rural Development, Audu Ogbeh, told local media that his office had commissioned experts to look at the issue as "ordinary pesticides cannot tackle the disease because the tomato moth multiplies so fast."

The situation is so bad that it was dubbed 'Tomato Ebola' and the term trended on Twitter for hours on Wednesday.

But what's all this got to do with Spain and La Tomatina?

Well, if you've not heard of the festival, tens of thousands of people from all over the world gather in Spain to take part in an enormous tomato fight. Some estimates say that more than 100 tonnes of tomatoes are thrown during the event. And this has not been lost on Nigerian social media.

One Nigerian news site even posted an article entitled "Five tomato photos that will make Nigerians cry" which featured shots of revellers mucking about in the red gold at La Tomatina.

But what does Bunol think of this reaction? The town's mayor told BBC Trending that the festival "should not be blamed" for Nigeria's tomato crop crisis and that he is "open to (see) how we can help, but the problem is very big and we are very small."

Rafa Pйrez Gil told us that he was aware that Nigerians had taken to Twitter and Instagram recently to lament (albeit in a very tongue-in-cheek manner) the waste of tomatoes in La Tomatina, but he wanted to assure them that most of the tomatoes used in the August food fight were past their sell-by-date and on the verge of rotting.

"Their problem would exist whether our festival happened or not," the mayor said. He added that he would be open to talking about the issue with Nigerians but was unsure what they as a town could do about it. He conceded that food wastage was an issue that merited a wider discussion. "If you look at the garbage bins in Spain, there is more waste thrown away every day than tomatoes used at La Tomatina."

We are not certain whether this information will comfort Nigerians or make more of them see red.

Wednesday, May 25, 2016

Video - Nigeria adopts flexible foreign exchange rate




Nigeria has adopted a flexible foreign exchange rate policy signalling a policy U-turn as the country teeters on the brink of a recession. The move is expected to boost exports and attract foreign currency to an economy badly hurting from the low global prices of oil. Central Bank Governor Godwin Emefiele said that details of the new rules would be published in coming days.

Video - Nigeria facing the worst economic hardship of its time




CCTV's Kelechi Emekalam talked with Nigeria's presidential spokesperson to get the president's thinking on the exchange rate and other aspects of the economy.

Nigeria receives largest donation in combating worm disease

Merck, a science and technology company, announced Tuesday that the largest single delivery of praziquantel tablets in the history of the Merck Praziquantel Donation Program recently arrived in Abuja, the Nigerian capital.

The West African country has received around 34 million tablets for mass distribution to school children.

With this, Merck has donated more tablets to a single country than it did to the entire continent in 2012 (27 million).

Today in Geneva, Nigeria’s Minister of Health, Prof. Isaac Folorunso Adewole, expressed his country’s thanks to Merck and the World Health Organization (WHO) for their joint efforts in the fight against the neglected tropical disease schistosomiasis.

Stefan Oschmann, Chairman of the Executive Board and CEO of Merck, met the minister on the occasion of the 69th World Health Assembly (WHA), the decision-making body of WHO, in Geneva. The participants included Dr. Kesetebirhan Admasu, Minister of Health of Ethiopia, as well as WHO Assistant Director-General Dr. Ren Minghui.

“We want to eliminate the insidious worm disease and give children the opportunity to participate in the economic development of their home countries. Our donation of 34 million tablets to WHO for Nigeria – enough to treat 13.6 million school children – shows that we are on the right track. However, millions of children still suffer from schistosomiasis. And we know that we alone cannot solve the problem with our tablets,” said Mr. Oschmann.

In Africa, Merck is supporting educational and awareness programs, researching schistosomiasis therapies for very young children and cooperating with partners in the Global Schistosomiasis Alliance, among other things.

“Furthermore, in the future we will collaborate even more closely with our partners to finally eliminate schistosomiasis,” Mr. Oschmann continued.

“With more than 235 million people requiring treatment, schistosomiasis is one of the most prevalent tropical diseases in Africa. The worm disease is widespread in all regions of Nigeria, above all among children. We are therefore grateful for every sustained initiative that supports us in fighting schistosomiasis,” said Mr. Adewole.

Mr. Admasu added, “Merck’s commitment not only helps children who are ill – it also relieves the public healthcare systems of the affected countries.”

In his own comment, WHO Assistant Director-General, Minghui, said, “Medicine donations such as this are essential to the fight against neglected tropical diseases. If we are to meet the ambitious sustainable development goals, we need the strong engagement of the private sector, sectors outside health and all development partners.”

As part of its responsibility for society and within Health, one of its corporate responsibility strategic spheres of activity, Merck is supporting WHO in the fight against the worm disease schistosomiasis in Africa.

Praziquantel is well tolerated and the most effective treatment to date for schistosomiasis. Since 2007, more than 74 million patients, primarily school children, have been treated. To this end, Merck has donated over 340 million tablets to WHO.

According to WHO, Nigeria is the world’s most endemic country for schistosomiasis. It is estimated that around 37% of the overall population (64.1 million people) requires treatment. Nigeria has been participating in the Merck Praziquantel Donation Programme since 2008.

Schistosomiasis, WHO says on its website, is a disease of poverty that leads to chronic ill-health.

“Infection is acquired when people come into contact with fresh water infested with the larval forms (cercariae) of parasitic blood flukes, known as schistosomes,” the world health body said.

“The microscopic adult worms live in the veins draining the urinary tract and intestines. Most of the eggs they lay are trapped in the tissues and the body’s reaction to them can cause massive damage.

“Schistosomiasis affects almost 240 million people worldwide, and more than 700 million people live in endemic areas. The infection is prevalent in tropical and sub-tropical areas, in poor communities without potable water and adequate sanitation.

“Urogenital schistosomiasis is caused by Schistosoma haematobium and intestinal schistosomiasis by any of the organisms S. guineensis, S. intercalatum, S.mansoni, S. japonicum, and S. mekongi.”

To date, through WHO Merck has donated nearly 105 million tablets to Nigeria, making it the main beneficiary country of the donation program. In total, nearly 20 million Nigerian patients have been treated to date, primarily school children.

Nigeria doing everything it can to get a permanent seat in the UN

The Federal Government said on Tuesday in Abuja that it was doing everything possible for Nigeria to get a permanent seat at the UN Security Council. 

The Minister of Foreign Affairs, Mr Geoffrey Onyeama, stated this while on a familiarization tour of the Institute for Peace and Conflict Resolution (IPCR), Abuja. 

Onyeama said that Nigeria had played important roles in peacemaking, peacekeeping and peace enforcement globally, and had contributed and sacrificed human and financial resources. 

“We are doing everything possible to get a permanent seat at the UN Security Council; we are looking at its materialisation. 

“Africa is being prospected to have two permanent seats and we are saying that Nigeria should naturally have one.

“It is part of our foreign policy that West Africa and Africa have peace and we are spending money that we don’t even have to achieve on that mission,” he said. 

Onyeama regretted the various conflicts confronting the country, notably, the Boko Haram insurgency, the renewed Niger Delta militancy and the farmers/herdsmen conflicts. 

According to him, violent conflicts have been a major bane of Africa’s development and no enduring development can be achieved in an atmosphere devoid of peace. 

“Since independence, conflicts have been the bane of our development in Africa and we as a country play very important roles in peacemaking, peacekeeping and peace enforcement on our continent. 

“In various ways, we have contributed; through the ECOMOG, formation of AU Peace and Security Commission, Nigeria is there,” he said. 

He said that Nigeria was the sole Permanent Member of the AU Peace and Conflict Commission, in recognition of the roles the country had played towards a peaceful Africa. 

The minister regretted that the conflicts in the country had persisted till now, and said that IPCR needed to fashion out how to be in proactive mood rather than adopting fire-brigade approach. 

“We need IPCR to be able to provide policy makers with very useful roadmaps to follow and I don’t think we have given enough of attention to the institute to carry out those tasks. 

“You (IPCR) need resources to be a Centre of Excellence; of course, your centre of excellence means peace and security for us in Nigeria,” he said. Earlier, the Director-General of IPCR, Prof Oshita Oshita, said that the institute had the mandate to conduct empirical researches that would lead to peace and conflict resolution in Africa. 

“The first work of IPCR was Strategic Conflict Assessment of Nigeria, which received the UN’s commendation and has been used as a recommendation for other countries,” he said. 

Oshita said that the publication had been updated till 2012, but that paucity of funds stalled subsequent publications, including the launch of the National Peace Architecture, recommended by the UN. 

He said that there was no better time that Nigeria, Africa and the world needed the institute than now, that crises had created unprecedented humanitarian crisis around the world. 

He appealed to Onyeama to intervene in the zero capital budgetary allocation to the institute so that it could attain its status of a Centre of Excellence in Africa.

Nigeria hit with critical tomato shortage

A state of emergency has been declared in the tomato sector in Kaduna state, northern Nigeria, local media report.

A moth called the Tomato Leaf Miner, or Tuta Absoluta, has ravaged 80% of tomato farms, Commissioner of Agriculture Daniel Manzo Maigar said.

He said 200 farmers together lost at least 1bn naira ($5.1m; Ј3.5m) over the past month.

The price of a basket of tomatoes has increased from $1.20 less than three months ago to more than $40 today.

In Nigeria, officials declare a state of emergency to indicate they are taking drastic action to deal with a problem, the BBC's Muhammad Kabir Muhammad says.

In this case the state sent government agricultural officials to Kenya to meet experts on the Tomato Leaf Miner to learn how to deal with the pest.

Kaduna is in the north of the country, where according to the UN most tomato production takes place,

A tomato paste manufacturing business in northern Kano state owned by Africa's richest man, Aliko Dangote, suspended production earlier in the month due to the lack of tomatoes, reports Forbes.

Tomatoes are a basic part of most Nigerians' diets and the word tomato has trended on Twitter as people discuss the rising price.

One of the memes being shared is a tongue-in-cheek look at Nigerian pain over discovering the annual festival in Spain where people throw tomatoes at each other.

Oil marketers set to flood Nigerian market with petrol

The Independent Petroleum Marketers Association of Nigeria (IPMAN) says it is ready to flood the market with fuel as it has gotten credit line from outside investors to access foreign exchange to import petroleum products into the country.

Alhaji Danladi Pasali, IPMAN National Secretary, disclosed this in an interview on Tuesday in Abuja.

He said that IPMAN was willing to continue to work with government to ensure availability of products in the country.

“We have foreign investors that we work with; they gave us a credit line that enables us to get our products and import to the country.

“Right now, we have many cargoes that will enter the country under IPMAN, so we have a good arrangement with our partners,’’ he said.

According to him, in a couple of days, about 10 cargoes will arrive in the port.

He said that government had done well to open up the market and called on others to look for various avenues to get forex to import products.

He said that sourcing forex from the parallel market in Nigeria might not be the best option but what affected that price was where one got the product.

He said that complete deregulation of the sector would go a long way to ensure efficiency and competition in the system.

Meanwhile, the Depot and Petroleum Products Marketers Association of Nigeria (DPPMAN) had on Friday called on government to assist in making Forex available for importation of petroleum products

The president of the association, Mr Dapo Abiodun, said members were currently having a tough time converting some of the Naira payments made by the government to dollars.

He said their inability to convert the payments from the Federal Government from Naira to dollar was making it difficult for them to meet their obligations to their foreign partners.



Tuesday, May 24, 2016

Video - Nigeria increases electricity generation to 12,000 megawatts




Nigeria's government says it is looking to increase electricity generation to 12,000 Megawatts in the shortest time possible. Inadequate power is a major stumbling block in the government's attempts to win foreign investors, and though 12,000 Megawatts is far less than what Nigeria needs, the government says it will be the first phase of continued investment towards the improvement of electricity services.

Boko Haram drugged woman for suicide bomb attack

A Nigerian woman has described being kidnapped and drugged by suspected Boko Haram jihadists who planned to use her as a suicide bomber at a market.

Khadija Ibrahim, 30, told reporters she had been waiting for a bus to hospital in the north-eastern city of Maiduguri when she was seized by two men in a car who had offered her a lift.

While drugged, the mother of three was stripped and a suicide belt attached, she is quoted as saying.

She managed to flee her abductors.

Ms Ibrahim said after getting into the car, she fell unconscious when something was placed over her nose.

But she woke up, apparently without her captors realising, to hear one of them whispering to her that she was "going to do God's work".

The kidnappers told her she was being taken to the city of Kano to attack the Kantin Kwari textile market.

But when the car engine overheated, both kidnappers were distracted - one was examining the engine while the other went to look for water.

Ms Ibrahim then managed to flee and a man in the Hotoro neighbourhood of Kano took her to the police.

She was also brought before the Kano state governor, Umar Ganduje, who told the media: "If this woman had not regained consciousness the story would have been different by now."

The woman is now in "safe custody....undergoing post-traumatic rehabilitation," Kano police spokesman Magaji Musa Majiya told the BBC's Hausa service.

Police are trying to track down the vehicle in an attempt to find a second kidnapped girl, thought to be about 15 years old, he added.

The other woman in the car with her may also have been drugged, Ms Ibrahim suggested.

Boko Haram has staged numerous attacks using young women in the past year.

Monday, May 23, 2016

Video - Nigeria's GDP contracts by 0.36% in first quarter of 2016




Nigeria's gross domestic product contracted by 0.36 percent in the first quarter of the year, as the worst crisis to grip Africa's biggest economy in decades continues to deepen. The contraction compares with growth of 2.11 percent in the fourth quarter of 2015 and 3.96 percent in the same period last year, heightening expectations that the central bank will take action when its Monetary Policy Committee meets next week.

Nigeria labour union calls off strike

The Nigeria Labour Congress (NLC), the umbrella body for union workers, has suspended its three-day general strike.

The strike was called to protest the 70 percent increase in the price of petrol by the federal government.

Nigeria’s oil dependent economy is facing recession following the drop in oil prices in the international market, which has left little or no choice for President Muhammadu Buhari to raise the price of petrol. 

Nigeria, which is the seventh oil producer in the world, subsidises petrol for its citizens.

When that subsidy was removed, Nigeria's main labour union protested by calling for a nationwide strike, which many people have described as largely ineffective in most parts of the country.

So, after three days of sporadic protest across the country, union leader Ayuba Wabba said they're suspending the industrial action to resume negotiations with government.

“Congress will resume negotiations with government on the twin issues of the hike in electricity tariff and an increase in the pump price of petroleum products,” he said, adding that the union “remains committed to genuine dialogue.”

The Nigeria Labour Congress (NLC)'s action had little impact nationwide.

A second union, the Trade Union Congress (TUC), had also planned to take part in the strike but abandoned its plans in response to the court ruling.

A wave of strikes the last time Nigeria tried to cut fuel subsidies, in 2012, ensured that authorities eventually reinstated some of the subsidies.

A fall in oil prices has eaten into the foreign reserves of Nigeria, which relies on crude sales for around 70 percent of national income. The central bank has adopted a fixed exchange rate in an attempt to prevent further depletion of its reserves.

Last week, Vice President Yemi Osinbajo said President Muhammadu Buhari had been “left with no choice” but to raise petrol prices.

Despite being a major oil producer, Nigeria has to import nearly all of its fuel as its refineries are largely out of action after years of neglect and mismanagement.

At the same time, Nigeria’s President on Friday said he ordered a heightened military presence in the restive Niger Delta region to deal with a resurgence of attacks on oil and gas facilities, a day after yet another pipeline explosion.

British Foreign Minster Philip Hammond warned on Saturday military action would not end a wave of attacks in the southern swamps because it did not address rising anger among residents over poverty despite sitting on much of Nigeria's oil wealth.

The rise in attacks in the Delta in the last few weeks has driven Nigerian oil output to a more than 20-year low, worsening a drain on public finances.

A group calling itself the Niger Delta Avengers has claimed responsibility for several sophisticated attacks.