The Central Bank of Nigeria (CBN), again has injected another sum of $210 million into the inter-bank Foreign Exchange Market.
Figures obtained from the Bank today, Monday, showed that the apex bank offered $100 million to authorized dealers in the wholesale segment of the market, while the Small and Medium Enterprises (SMEs) segment received the sum of $55 million. Customers requiring foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others, were also allocated the sum of $55 million.
The Bank’s Acting Director, Corporate Communications Department (CCD), Isaac Okorafor, confirmed the figures, reassuring the public that the Bank would continue to intervene in the interbank foreign exchange market in line with its desire to sustain liquidity in the market and maintain stability.
He said that the steps taken so far by the Bank in the management of forex was paying off, as reflected by reduction in the country’s import bills and accretion to its foreign reserves which stood at $46 billion as at Friday, March 9.
It will be recalled that last Friday, the Bank injected the sum of $355.43 million into the Retail Secondary Market Intervention Sales (SMIS).
Meanwhile, the naira continued its stability in the FOREX market, exchanging at an average of N360/$1 in the BDC segment of the market today, Monday. [myad]
The National chairman of the Peoples Democratic Party (PDP), Prince Uche Secondus has made it clear that the party will return to Aso Rock Presidential Villa in 2019.
He said, in Duste, Jigawa state capital that the PDP is just waiting for the elections to dislodge the ruling All Progressives Congress (APC) from the Presidency.
Prince Secondus spoke today held a rally in Dutse to kick-start what he called ‘mass mobilization for 2019 general elections.
The PDP boss said, in a statement by his spokesman Ike Abonyi: “the people of Jigawa have made a bold statement that only a living and active party can make things work.
“Let the APC National Chairman, Chief John Oyegun who said that PDP is dead and buried, come here or call his governor ruling this state to give him report of what a dead party did in his state today.”
Secondus said that Nigerians have more than enough reasons why they should throw away the APC in their political life because it has been three years of hell and inactivity in governance.
“All the indices in all sectors of our national life in the past three years shows very clearly that Nigeria situation is getting worse and the people cannot wait to see off the APC.
“From corruption, to security, to the economy, the APC have woefully failed the people of Nigeria and they cannot wait to vote them out.”
The governor of Gombe state, Ibrahim Dankwambo, former Governor of Jigawa state and a Presidential aspirant, Sule Lamido were among key speakers. [myad]
Over the last few months, our nation has had to reopen a fresh chapter in the conversation on internal security, peace and unity in the wake of renewed violence in the North Central and North East of our country. These sad episodes have not only led to questions by Nigerians (and Nigerians as a whole) around the effectiveness of our security structure, but also questions about the integrity of Nigeria’s unity.
Unity is not something we just have because we are Nigerians, or because someone like me or any other weighs in asking Nigerians to be united. Unity is something we must deliberately work for. In order to unite Nigeria, me must consciously define the fundamentals of our nationhood, to ensure everyone feels safe, secure and carried along.
To build a truly united nation, we must address the issues which lead to insecurity at their roots. We must pay more than lip service to “poverty alleviation”, and truly get Nigerians working again. A person who has a job has less time for ethnic bickering.
Let truth be told, the people in the upper classes of our country rarely engage with each other with ethnicity in mind. When people have food to eat, they are less suspicious of each other and begin to focus on creating value. People who have food to eat and good homes to live in do not worry about the ethnicity of their business partners or co-workers. They are more worried about what value their business partners bring, rather than where those partners come from.
There is this joke which I get to hear often – when a small car hits another small car, the drivers come out to shout, because they don’t know which of them has money to fix the damage, but when two big cars hit themselves, the big men come out, shake hands and exchange cards. As people get better quality of life, they begin to place more value on life and wellbeing of others. This obviously means that if our people have better lives all-round, there will be fewer suspicion and confrontations between groups of people.
Now let me share a bit of experience with building unity. I come from Adamawa State, made up of almost an equal number of Christians and Muslims, Fulani and disparate people’s collectively called Chamba. In many ways, Adamawa is like Nigeria. I grew up as a Fulani boy. My grandmother and uncle were tradespeople, so it was not uncommon to have a lot of Christians and people of different ethnicities and religions in our home. Our neighbours were Christian and Muslim, so I grew up really not exposed to tribalism until I went to secondary school. There were two sociopolitical organizations then, one for Chamba people and the other for Fulani. I was a popular student, so was promptly invited to join the Fulani organization.
But privately I had been speaking with both my Fulani and Chamba friends about unifying both organizations before the invitation came, so it was difficult for me to go and join the Fulani organization. I publicly refused to join the organization, and instead worked with both sides to create the Adamawa Students Union, an umbrella union which collapsed both the Chamba and Fulani organizations into one.
This was the inspiration which would later lead to the creation of the Adamawa Peace Initiative, a non-governmental organization which brings together all the stakeholders in our state to work for peaceful coexistence. The API brings together scholars, clerics, youth, market women, businesspeople (many of whom are of Igbo extraction), representatives of security organizations, and co-chaired by Muslim and Christian leaders. This organization helps defuse conflicts in Adamawa communities, organizes entrepreneurship classes and sports events for young people, as well as coordinates relief projects whenever and wherever the need arises in Adamawa. API was the first organization to coordinate the absorption of internal displaced people from around the North East into Yola and surrounding towns.
A few years ago, the API heard rumours that certain groups were spreading fake news that another group was planning attacks on the other from out of state. The organization quickly got together, assembled both Christian and Muslim leaders to address the issue. That Friday, the imams around the state had been briefed to speak about the issue to reduce tension, while the Christian churches did same on Sunday. Crisis was averted. This has been the template with which API has addressed issues since then.
The experience here shows that building peace and unity goes beyond goodwill messages. We should not be in denial about the weaknesses in our communities. We must actively pursue peace and unity by coordinating grassroots organizations. Fake news did not begin on the internet – rumours have led to unfortunate incidents of bloodshed in our communities around Nigeria. Inter-group grassroots organizations can provide a trustworthy partner in keeping everyone assured of their safety.
But the tasks of NGOs like API are only secondary. The primary needs of Nigerian communities are jobs and opportunities to build sustainable ventures. Our economy needs to grow to accommodate the population which has been growing faster than our GDP.
I was having a conversation about Nigeria’s population growth rate, and a friend of mine joked that I am probably not the right person to have this conversation with, seeing as I have a really large family. This is true in many ways. Many people in my generation grew up in large families, it was all we knew, but must we continue in what we knew, in the face of new information and reality? It is also often the case that the elite families can afford to train their children, so large families become a resource, but the reverse is the case with poorer families. It is easy to see how income inequality will grow even wider as our population grows further, especially in rural communities.
For the avoidance of doubt, there’s nothing wrong with huge population. It can indeed be an asset if properly harnessed, especially in situations where the citizens are exposed to good education and skills, ensuring that they get a head start in life, like it is the case with China. The challenge however is where population growth far outstrips GDP growth as is currently the case with our country. In this instance population becomes a liability by default.
It is important that we grow our economy at a rate to cope with our population growth. Our current population growth of 3 per cent when compared with our GDP growth of 1 per cent in 2017 and the expected 2.5 per cent in 2018, will see us ending up with a lower per capita income and becoming even poorer at the end of 2018. Our GDP growth needs to outpace our population growth to make the latter an asset and not a liability.
As a father (and one with a large family) on one hand and a promoter of education on the other, I will counsel that on a scale of balance that parents have children that they can train to acquire good education and skills that will give them a head start in life and make them productive members of society.
An alumnus of American University of Nigeria, Mr. Muhammed Zanna is a daily reminder of the nexus between education and job creation. The young man could not wait to graduate before venturing into the entrepreneurial world. He bought over a business that had served as a practical for their business management class. Today, the young man runs a personal business, a testimony that education can indeed be a tool for creating small businesses. The Zanna experience, incubated at AUN in Yola, is an apt reminder that when our young people are taught how to create small businesses, their creative energies are unleashed to the betterment of the individual, our economy and society.
Atiku Abubakar is a former Vice President of Nigeria and PDP chieftain. [myad]
The Dangote Academy has trained over 700 engineers and Technicians between 2011 and 2018 at its Junior Technicians Scheme (JTS), even as it offered most of them automatic employment.
The Group Executive Director, Capital Projects, Strategy and Portfolio of the Academy, Mr. D. V. G Edwin who spoke today, Monday at the induction of 100 new students, said that the Academy was established in 2010 to serve as the talent pipeline for the Dangote Group while filling in the industrial skills gap in Nigeria,
He said that the Academy has become necessary in view of the fact that Danhote Group and most industries in Nigeria cannot rely solely on Universities and Colleges of Technology to provide the specialized technical and managerial training required running major (modern) industrial factories.
According to him, the newly admitted Junior Technicians Batches 3 & 4 will be undergoing the eighteen months training programme in the hands of the most experienced Engineers in the world and in Cement Plants, with modern equipment and advanced technology.
“It is therefore expected that at the end of the 18 month training programme, these 100 young Nigerians being admitted today will become master technicians in any one or more of the following areas, namely Electrical Installation and Maintenance,Welding and Fabrication, Machining and Fitting, Mechanical Maintenance, Automobile Maintenance, and Instrumentation. All of these are critical skills area for the development of any community or nation.”
He said that the Group, through the Dangote Academy trained about 10, 000 employees in 2017 through delivered and supported training programmes.
He said that the Dangote Academy is partnering with the German Association of Equipment Manufacturers (VDMA), National Office for Technology Acquisition & Promotion (NOTAP), Technical Vocational Education and Training (TVET), and the National Board for Technical Education (NBTE), among others.
Also speaking at the event, the Head of the Academy, Hassan Salisu said that during the period 2011 –2017 more than 600 Trainees were admitted into different Technical Training, lasting 12 – 18 months at the Dangote Academy and most of them were employed by the Group at the end of their training.
He said that the “phenomenal expansion of the Group’s business all over the world, especially in Africa, has also created opportunities for the Dangote Academy to expand both in geography and scope.”
According to him, the training is part of the Group’s Corporate Social Responsibility and contribution to the employability of Nigerian Engineers and Technicians.
Monday’s inauguration of 100 new students under the Junior Technicians Scheme (JTS) Batches 3 and 4, further supports host communities of Obajana and Ibese in Kogi State, as 50 of the newly inducted trainees were drawn from the two communities.
The JTS Batch 3 is a regular run with candidates drawn from the whole country while the JTS Batch 4 is a special intervention by the Group to support the Obajana and Ibese Communities through provision of technical and entrepreneurial skills and invariably empowerment. [myad]
The Yoruba have a way of describing social deviance and allied deviant behaviours. While growing up in the ancient town of Owo in Ondo state in the late 60s, one or two cases of missing children upped the ante of parental guidance and protection. As children, we were warned not to lurk around the idyllic and isolated bush paths at the back of the homesteads because of the evil of gbomogbomo (transliterated as stealer of children).
I cannot remember if any child I knew then was a victim. I cannot also remember that anybody was arrested by the police in connection with child theft. Perhaps, those in the nefarious trade did so with some tinge of mystique. Yet, the mantra: “beware of gbomogbomo” became a compulsive cautionary refrain in security alertness that compelled parents and wards to resort to obligatory self-help.
Indeed, the societal concerns then were neither corruption nor badly-managed economy. Parents and wards were concerned about the damage gbomogbomo could cause to the home. Today, due to degeneration of values in government, the concerns have morphed from child theft to mind-boggling corruption that has become endemic in our body-politic, breeding large-scale abject poverty among the vast majority of Nigerians.
The resultant dysfunctional socio-economic and political system has continued to produce some dialectics that put our polity on perpetual edge. Samplers: our rigged federal system with its concomitant foibles and the Boko Haram insurgency with its associated vagaries are veritable instances. Even, the idea of restructuring which is a proposed panacea for curing the mischief of our rigged federalism is an indicted intellectual capital in the rash of polemics for recalibration and redefinition of the wheel. Yet, arguments largely point to restructuring as the best way to go in the quest for a new political order.
Nigeria’s current political system, which unremittingly promotes cries of marginalisation by some sections of the country and feeds ethno-religious conflicts in addition to nepotistic considerations by leadership in appointments to strategic national offices, location of financially-viable infrastructure projects and distribution of our commonwealth in mute disdain for fairness, is nothing but a mockery of true federalism.
For a new Nigeria to emerge from the old order, it is about time we gravitated in the popular trajectory of power devolution. Over-concentrated powers in the national government must be devolved to the state for deliberate achievement of precise and target-specific projects in order to promote fast-paced development at that level and thus put an end to the monster of wastefulness that Nigeria’s federal government has become.
The powers vested in the president are almost absolute. Little wonder that the presidential race has become an emotive issue. The prehistoric mindset – that Nigeria’s presidency is the beginning and the end of the quest for political identity and power – continues to reinforce itself. This explains the characteristic politicking that has always defined the contestation for the presidential niche.
Entrenched interests have consistently fanned regional, religious and ethnic embers in desperate bids to appropriate the position. The grand conspiratorial alliance against Goodluck Jonathan in the 2015 presidential election thrived on such primordial considerations. He did not survive the contrivance of national insecurity as well as the created perception of incapacity of his administration to deal with it. Boko Haram, our modern day gbomogbomo, having previously made episodic incursions into Abuja and its environs, had put the greater part of the northeast zone to rout.
The crown capping of the insurgents’ casus belli was the abduction of 276 Chibok schoolgirls on April 14, 2014. The Chibok debacle happened about a year to the March 28, 2015 presidential election. The Dapchi shame, involving the stealing of 110 schoolgirls, happened on February 19, 2018 about a year to the scheduled February 16, 2019 presidential poll. Our Chibok and Dapchi schoolgirls have become objects for political bargain in the hands of our modern day real or prearranged gbomogbomo.
The Chibok incident shattered the Jonathan administration. The Dapchi farce has ridiculed Muhammadu Buhari’s presidency. In my first article on the abductions of our schoolgirls in Chibok and Dapchi, in which I sardonically described the existential incidents as the whoredom of karma, some inevitably cruel fates, I had hinted of my second article with which I would explicate my suggestion that the Dapchi schoolgirls’ abduction, in particular, might after all be contrived.
Some fifth columnists in the administration may be involved in the farce for self-serving agenda. It may also be a contrived schema to launder the administration’s image that has ebbed due to the president’s cold response to and shambolic handling of the genocide unleashed on farmers by Fulani herdsmen in Benue, Plateau and Taraba. Nevertheless, it is a chimera to think the reign of Boko Haram is going to end anytime soon. It will outlive the Buhari administration. Jonathan had heavily funded military operations against it, but unfortunately, some former military chiefs had turned the war into money-making bazaar. The Buhari administration has been recouping the billions of naira for hardware that went into private pockets. That was how insensitive some former military chiefs acted to over-maximise the opportunity presented by the war for pecuniary gains. We now have, in addition to sophisticated gbomogbomo, a band of crude gbewiri (thieves in Yoruba).
The fact that Buhari, a military general, is in the saddle, has not completely changed the narrative. The Boko Haram war has become a big government business. Despite the claim by the administration that the sect had been technically degraded and defeated, it is still intermittently attacking soft targets. And, this is the point in issue. How come the sect still had the capacity to move to Dapchi where it seamlessly hauled away 110 schoolgirls?
It is metaphoric that the military would allow the underbellies of their commanders-in-chief to be exposed in the comparative contexts of the Chibok and Dapchi schoolgirls’ abductions. The ease with which the girls were evacuated in both instances has taken conspiracy beyond the realm of mere theory. In Chibok, it was easy for the gbomogbomo to purportedly move the girls into Sambisa forest in Borno state. But in Dapchi, those who know the Yobe state terrain very well say there is no forest to move the girls into. They claim that it is a wide expanse of desert land with thick layers of sand that make vehicular movements impossible.
A prompt pursuit of the insurgents by military troops would have, therefore, mediated spatial distance that the insurgents had gained for about two days after the incident before the information was released to the media for reportage. This aspect needs to be investigated by the 12-man committee set up to find out the circumstances surrounding the Dapchi schoolgirls’ abduction.
Contrary to the original assurance, there is an increasing loss of confidence in the ability and commitment of the Buhari administration to completely obliterate the Boko Haram insurgents. The insurgency now plays a “political bargaining role” in our presidential politics. Besides, fifth columnists may continue to deploy it to force successive administrations to appropriate humongous sums for the battle. This means big arms supply contracts from which pecuniary interests would be serviced.
Some elements in government, whose responsibility it is to negotiate the release of abducted girls anytime the need arises, would wish that the multi-billion-naira-cash-for-captors’-exchange racket continues. This is the irony of our nation, which craves citizens’ patriotism in the face of contrived national insecurity.
Postscript: The Buhari administration may announce at some point in the future that it has secured the release of the Dapchi 110. That will be good news. But I hope it does not turn out as a deliberate gambit to gain critical mileage in the 2019 presidential poll. That will be extreme political brinkmanship.
Ojeifo contributed this piece via ojwonderngr@yahoo.com [myad]
Ordinarily, I ought to have forwarded this letter direct to your table at the presidential villa, but I have my reservation. It may not get to you or get to you, by which time some of the issues may have become “burnt-out.”
I therefore beg of you to tolerate my impertinence for making it open, and please do not consider it a sign of disrespect or disdain to you and your exalted office. Certainly this is not my intention. I understand you want to be simply addressed – Muhammadu Buhari, President, Federal Republic of Nigeria. However, sir, I shall be uncomfortable with that. Therefore, on this occasion, allow me to simply address you as Mr. President.
By a way of introduction, Mr. President, I am one of your compatriots, who proudly gave you his vote in 2015, and do not regret doing so until recently. I am under serious threat, not the kind of Boko Haram threat but threat from friends and family members. This is not a satiric stuff but hard truth. And they have a valid reason.
They are unhappy with me because in 2015, I encouraged them to cast their votes for you and the APC. I voluntarily did that and no one encouraged or persuaded me to do so. I did so out of my personal conviction that you are a man of Spartan discipline and integrity. A man of high moral standing, I was further encouraged, when I stumbled on the many good things Prof Tam David-West said and wrote about you on his page in the Google platform. Therefore, with you sir on the presidential seat to drive the Nigerian’s economy, CHANGE, a purposeful change will become manifest in our individual lives and the country at large. That dream has become a mirage.
Permit me Mr. President, to proudly tell you that in 2011, I voted against you. My vote went to former President Goodluck Ebele Jonathan, who in my human judgment at that time, was a better candidate. In 2015 my decision premise changed and my vote and those of my friends and family members went in your favour but that does not in anyway make GEJ, a bad man. He is certainly not. I have tremendous regard and respect for GEJ, anytime, anyday. Just that the pendulum had pulled to the other side and that is the dynamism of nature, it constantly and regularly evolve.
Mr. President, I am sad, very sad to say that my family, friends and admirers are angry with me. They angrily accused me of encouraging them to vote for PMB and APC in 2015 with the hope that the economic condition in the country will improve, and Change, which was the mantra of APC at that time, will manifest in their total wellbeing on the Home-Front. I am afraid, I may not have the needed temerity to tell them to vote for PMB or APC in 2019, meaning I have lost my pride, respect and colour. I am therefore anxious to redeem my image and respect in the eyes of these worthy family members and friends. I beg you, Mr. President, to give me your support so that I can talk with them to hear me clearly.
These compatriots have asked me to ask you, Mr. President:
What is the position of the 2018 Budget now? – they are hungry but the discussion at NASS does not reflect the seriousness it deserves and it is riddled with many talks and discordant voices. Nigerians want to know the status of the budget but the legislators appear to be insensitive to the hunger in the land. No government functions without money.
When is this nagging and recurrent issue of fuel scarcity come to an end? Nigerians think your score-card in this respect is dismally low. This is the feelings of Nigerians, which they asked me to bring to your notice. The people at the top
do not feel the heat the common people experience at the filling station during fuel scarcity. Yet this same common people you find in long queue inside the sun or rain during election days. This “top-to-bottom” approach should be reversed. The pains and load is too heavy at the bottom of the rung.
The power situation in Nigerian is so discouraging and hampers development. It also negates the good purpose of your administration. The small businesses such as barbers and hairdressing saloons, welders, pepper-grounders, including young computer repairers are grumbling in the harsh economic situation for lack of electricity to propel their businesses and the exorbitant cost of buying fuel to fire their generators. Your government seems not to be taking any concrete steps to improve or alleviate the situation. One example will suffice. There is an injunction sub-station by Dantata Housing Estate, along Arab Road by the overhead bridge, around a place called Byhazin, within Kubwa district. If this substation is functional, power situation in Kubwa, Byhazin area and its environs shall have an improved electricity supply. My source told me, confidently, that they need less than N5-million to put that injunction sub-station into effective use. Honourable Minister, Works, Housing & Power, are you listening please, I believe?
Our country men and women, both young and old, asked me, Mr. President, to tell you that there is hardship and hunger in the land. You are aware of this? And there is no work. Able men and women are roaming from one Ministry to another, one construction site to another in search of elusive jobs. The Federal Civil Service Commission is overwhelmed with large numbers of applications, yet no opening in the various Ministries.
Traders across the country are bitterly complaining of lack of sales. What is your relationship with the Governors across the country? Despite the first & second bail-out funds, first and second Paris Club Refunds, CBN Loans to some States and such other relief packages, most of the Governors have refused to pay their civil servants and they do so with impunity. There is lull in commercial activities all over the country. Consequently, the hue and cry is getting louder by the day. Mr. President, what are you doing to reduce the gap between the fantastically rich and the growing number of poor Nigerians?
Permit me to suggest that you invite these Governors, individually to your office and express your displeasure to them as their lackadaisical attitude to pay their respective workers may affect your electoral chances in 2019, if indeed you will re-contest. And I am genuinely concerned, a fact the cabals around you would not tell you sir.
President, are you aware in the heat of unpaid salaries one of the Governors “opened his mansion” in his hometown with funfair. I questioned the timing of “opening the mansion” but one of his aides ignorantly told me “the young-man had made his money before he became a Governor”. That is true. For me, I feel it is inappropriate to “open the mansion” when his workers are on strike for non-payment of workers’ salaries for many months and the State, just like other States in the Federation, are in serious economic lull. My fear and this is genuine, would this Governor be able to maintain this gigantic structure when he leaves office? Your guess is as good as mine. And this is not bad-belle talk sir. It amply demonstrates the level of insensitivity of these Governors to the welfare of their workers. “The state of mind governs one’s responses to work”.
Still on the issue of insensitivity of some of these Governors.
One of the South West governors had just acquired “Cessna 172 Private Aircraft with registration VH-BSV for N1.5billion yet this Governor owing his workers, across board many months’ salary. God dey.
President, I understand there is an agricultural loan programme, which the Central Bank (CBN) is currently promoting. Do you know the true story, the beneficiaries are the sons and daughters of the “so-called big men in the society”. The children of “nobody”, who are the true target of this programme are being denied the loan, so I am told.
The litany of complaints is endless. Permit me to share this experience with you, an experience that may not be new to you. In 1945 after the atomic bomb in Hiroshima & Nagasaki (after Emperor Hirohito had “announced his country’s unconditional surrender – courtesy Google) decided to give free and compulsory education to all and then focus on Agriculture programme, in a rebuilding the two cities endeavour – to provide food for its hungry people. Just two programmes to bring the people out of the sad experience. The people erupted in anger and in utter disagreement with the Emperor – why not focus on reconstruction of the damaged bridges and roads, rebuild the damaged houses and reconnect and provide electricity. The emperor addressed the people – let us provide food for the people to give them strength and energy. Let us educate our children, from them shall emerge engineers to reconstruct and rebuild, get doctors, engineers, etc. who in turn will reconstruct the damaged bridges, roads and buildings. The economists will rebuild the economy, etc. Today, we can get to see the answers to that decision.
Permit me, Mr. President, to respectfully advise, please devote your next one year to the provision of electricity and make petroleum products available. There will be respite in the country; commercial activities will become boosted, robust and enterprising. Availability of fuel across the country, the effect and benefit will be unimaginable. The citizens will consequent think less of government as they shall become productively engaged in their respective pursuits and activities.
That in a nutshell is for the government. The second leg of this conversation is an appeal to the Nigerian populace for an attitudinal change. As I was concluding this narrative, I got a message about Nigerians and their attitude to work, corruption-induced, just like in other parts of some Africa countries.
Recently I visited Accra and had a talk with an executive of the Swedish Ghana Medical Centre established in 2013. The Centre uses state‐of‐the‐art radiation cancer treatment equipment and techniques that is absolutely not available anywhere in Nigeria.
I was curious: Why Ghana? Why not Nigeria? The story goes that the Swedes originally preferred Nigeria: big country, big market and large number of cancer patients. But demand for bribes by Nigerian officials frustrated the initiative to establish the Centre. So Accra gained, Nigeria lost. Nigerians fly in droves (medical tourism) to Accra to get treatment at the Accra Centre. But this is not an isolated case. There are many such cases. Indeed during the President Obasanjo administration, strong efforts were made to attract foreign investors to the communication and real sectors.
But bribery and corruption frustrated many of the foreign investors and put paid to industries that ought generate massive revenues, create jobs and world class services. Promise of a great national future was sacrificed on the alter of bribery by greedy, corrupt men.To this end, see below, excerpts of the opinions by three foreign investors on their experience of frustration with the bribery that destroyed dreams. Read and be sad:
Lamentation from a UK Airline Group Operator
“We put together a very good airline, the first airline in West Africa that was IOSA/IATA, operational safety audit accredited but unfortunately it got tied down to the politics of the country.”We led the airlines for 11 years, we fought a daily battle against government agents who wanted to make a fortune from us, politicians who saw the government’s 49% as a meal toseek for all kinds of favours.”Watchdogs (regulatory bodies) thatdidn’t know what to do & werepersistently asking for bribes at anypoint. Nigerians are generally nice butthe politicians are very insane. That may be ironic because the people make up the politicians but those politicians are selfish.”
Lamentation from a Foreign Network Provider
“1 assembled a consortium of 22 mostly institutional investors: leading banks with Lagos and Delta States in 2011. The license was $285m. We were No. one with about 57% market share. “Then I was told that our company must pay $9m in bribes to senior politicians (in state government) who facilitated the raising of the money for the license. I refused to authorise the illegal payments. Meeting after meeting was held to try to get me to agree, but I would not. The money would not be paid as long as Econet was the operator and I had signing authority.
“The shareholders met and voted Econet Wireless Nigeria out of management. They cancelled our management contract. I had to withdraw all my staff and their families: 200 people in all. We left Nigeria. Most of our people had to be retrenched. The loss of the contract almost drove us to bankruptcy as a group.”
Lamentation from a Foreign Integrated Rice farmers.
“In August of 2011, I was contacted by the Nigerian Minister of Agriculture and begged to come to Nigeria. We were offered 30,000 hectares of land under the Upper Benue River Authority, paved road, low interest government loans, streamlined import procedures, and help directly from the President.
“What was supposed to happen in six months is still in the process over 3 1/2 years later. It has been a calamity of failed promises. The promised financing from Taraba State and Government of Nigeria was all talk but no money. The President gave a waiver for all duty on Agricultural equipment for all, not just us. But Treasury and Customs quickly hid the waiver and hid it in their “Secret Files”.
“We fought for a year to get the promised exemptions and only after tape recording the direct demands for bribes from high officials in the Treasury did we even find out about the “Secret File”. The Treasury attempted direct extortion from our manager and he recorded it and gave the copy to the highest law enforcement agency in the land but the culprits scoff at us with impunity. But nobody has been prosecuted to date. “In every facet of Nigerian society money does all of the talking, corruption reigns supreme, and nothing moves without dirty money to grease the way. As our equipment arrived at the ports, bribes were demanded. New rules were put into place as we attempted to bring in 120 shipments of supposedly exempt tractors, rice mills, and the like. The agents ignored the President’s directive”The Minister of Agriculture tried to intervene many times but to little or no avail. In the end we paid massive amounts of duty not budgeted for, but NOT ONE BRIBE! Delays added up so much demurrage that finally it was necessary to quit the fight.
“We have totally experienced Nigeria. I have been extorted, arrested, detained, lied to, and about anything else one can imagine. We have held to our convictions, not paid bribes, obeyed the law, and kept our dignity, with our frustration levels continuing to rise on every occasion. Nonetheless, we have plodded on through years of delays, because we will not compromise our standards. It has cost us dearly in both interest and in valuable time. We have battled to import around 120 loads of equipment. “Virtually everything is finally there for the making of a fantastic farm but it is years late in getting there. Every shipment was a struggle and a shakedown.
“Nigeria is in a crisis. In reality it is much easier for an investor to leave Nigeria than to come and invest in such a stressful climate. The people of Nigeria need massive support and huge investments. These precious people lack desperately for every need of life. What will you do for them when their children are hungry, and there is nobody to turn to?”
As citizens of this great country, let us, individually and collectively, patriotically do our own bit to grow the country. Finally, our personal interest should be subordinate to the larger interest of the country. With that attitude we, as Nigerians, can proudly rise our heads in the comity of Nations.
This is food for thought.
Bernard Balogun (BenPino) writes from Wuse Zone 2, Abuja. 0803.787.9275. [myad]
The U.S. Secretary of State, Mr. Rex Tillerson, who has been on a week-long visit to some African countries, will arrive in Abuja tomorrow, Monday for his first official visit to Nigeria.
A Press Advisory from the U.S. Embassy, in a statement today, Sunday, said that Tillerson would hold talks with President Muhammadu Buhari on Tuesday.
“When he arrives, Tillerson will become the highest ranking official in the Trump administration to visit Nigeria. The secretary is expected to hold a press conference at the Presidential Villa on Tuesday by 11.45 a.m
”Tillerson is expected to be joined by Minister of Foreign Affairs, Geoffrey Onyeama,” the embassy said.
Tillerson has already visited the Horn of Africa just days after he announced a new $533 million aid package for Africa, out of which $128 million was earmarked for Nigeria and countries of the Lake Chad region.
When Tillerson meets Buhari, both men are expected to discuss counter terrorism efforts and humanitarian issues in Nigeria’s Northeast and the Lake Chad basin.
He is also expected to discuss how to advance peace and security, promote good governance, and spur mutually beneficial trade and investment with the president
During his trip, he is expected also to meet with U.S. Embassy personnel and participate in events related to U.S. government-supported activities.
Chinese Parliament has abolished presidential term limits, allowing President Xi Jinping to rule the country for life. Members of National People’s Congress, today, Sunday, lifted the two five-year term limits for the presidency.
The amendment was sealed with 2,958 in favour, two against and three abstentions despite an unusual bout of online criticism that censors have scrambled to extinguish. It was the first constitutional amendment in 14 years.
The Lawmakers said that the action was taken to allow the leader, who would have had to leave in 2023 to pursue a vision of transforming the nation into an economic and military superpower.
Head of the parliament’s Standing Committee, Zhang Dejiang, said that the amendments “will ensure the constitution improves and develops in step with the times and provide a firm constitutional guarantee for upholding and developing socialism with Chinese characteristics in the new era.” [myad]
Lightning was reported to have struck no fewer than 16 worshipers dead at the Seventh-Day Adventist church in Rwanda, a local official said today, Sunday.
Report reaching us said that 14 worshipers were killed on the spot as lightning hit the church in the Nyaruguru district in the Southern Province yesterday, Saturday.
A local mayor, Habitegeko Francois told AFP over the phone that two other worshipers died later from the injuries they sustained.
He added that 140 people who were involved in the incident have been rushed to hospital and district health centres, but that many have already been discharged.
“Doctors say that only three of them are in critical condition but they are getting better.”
According to the mayor, a similar accident took place on Friday when lightning struck a group of 18 students, killing one of them.
The Central Bank of Nigeria (CBN) has announced that the nation’s external reserves currently stand at $46 billion from $42.8 Billion in February this year.
According to figures obtained from the CBN at the weekend, indicate that the reserves grew by about $3.2 billion between February and March 2018. The reserves, at the beginning of 2018 stood at $39.3 billion then rose to $42.8 in February before hitting the new high of $46 billion as at the close of work on Friday, March 9.
Confirming the figures, the CBN Acting Director in the Corporate Communications Department, Isaac Okorafor, attributed the continued accretion to the country’s reserves to the Bank’s effort at vigorously discouraging unnecessary importation and reducing the nation’s import bill; inflow from oil and non-oil exports, as well as the huge inflows through the investors and exporters window of the foreign exchange market, which he said had attracted over $33 billion since April last year, when it was created.
At the close of commodities trading on Friday, March 9, Brent Crude sold at $65.49 a barrel, up by 2.54 per cent.
According to him, the Bank’s interventions in the foreign exchange window had also helped to moderate the pressure on the FOREX reserves by sustaining liquidity in the market and boosting production and trade.
Okorafor said that the CBN policy restricting access to FOREX from Nigeria’s foreign exchange market to importers of some 41 items had made a huge impact on the status of Nigeria’s reserves and boosted the supply of local substitutes for imported goods, created jobs at home and enhanced the incomes of farmers and local manufacturers.
Central Bank Governor, Godwin Emefiele, at the Annual Bankers’ Dinner of the Chartered Institute of Bankers of Nigeria (CIBN) held in Lagos in November 2017, had projected that Nigeria’s external reserves would hit the $40 billion mark in 2018. That conservative projection has since been surpassed. [myad]
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How Jobs, Stronger Economy Can Unite Nigerians, Stem Sectarian Strife, By Atiku Abubakar
Over the last few months, our nation has had to reopen a fresh chapter in the conversation on internal security, peace and unity in the wake of renewed violence in the North Central and North East of our country. These sad episodes have not only led to questions by Nigerians (and Nigerians as a whole) around the effectiveness of our security structure, but also questions about the integrity of Nigeria’s unity.
Unity is not something we just have because we are Nigerians, or because someone like me or any other weighs in asking Nigerians to be united. Unity is something we must deliberately work for. In order to unite Nigeria, me must consciously define the fundamentals of our nationhood, to ensure everyone feels safe, secure and carried along.
To build a truly united nation, we must address the issues which lead to insecurity at their roots. We must pay more than lip service to “poverty alleviation”, and truly get Nigerians working again. A person who has a job has less time for ethnic bickering.
Let truth be told, the people in the upper classes of our country rarely engage with each other with ethnicity in mind. When people have food to eat, they are less suspicious of each other and begin to focus on creating value. People who have food to eat and good homes to live in do not worry about the ethnicity of their business partners or co-workers. They are more worried about what value their business partners bring, rather than where those partners come from.
There is this joke which I get to hear often – when a small car hits another small car, the drivers come out to shout, because they don’t know which of them has money to fix the damage, but when two big cars hit themselves, the big men come out, shake hands and exchange cards. As people get better quality of life, they begin to place more value on life and wellbeing of others. This obviously means that if our people have better lives all-round, there will be fewer suspicion and confrontations between groups of people.
Now let me share a bit of experience with building unity. I come from Adamawa State, made up of almost an equal number of Christians and Muslims, Fulani and disparate people’s collectively called Chamba. In many ways, Adamawa is like Nigeria. I grew up as a Fulani boy. My grandmother and uncle were tradespeople, so it was not uncommon to have a lot of Christians and people of different ethnicities and religions in our home. Our neighbours were Christian and Muslim, so I grew up really not exposed to tribalism until I went to secondary school. There were two sociopolitical organizations then, one for Chamba people and the other for Fulani. I was a popular student, so was promptly invited to join the Fulani organization.
But privately I had been speaking with both my Fulani and Chamba friends about unifying both organizations before the invitation came, so it was difficult for me to go and join the Fulani organization. I publicly refused to join the organization, and instead worked with both sides to create the Adamawa Students Union, an umbrella union which collapsed both the Chamba and Fulani organizations into one.
This was the inspiration which would later lead to the creation of the Adamawa Peace Initiative, a non-governmental organization which brings together all the stakeholders in our state to work for peaceful coexistence. The API brings together scholars, clerics, youth, market women, businesspeople (many of whom are of Igbo extraction), representatives of security organizations, and co-chaired by Muslim and Christian leaders. This organization helps defuse conflicts in Adamawa communities, organizes entrepreneurship classes and sports events for young people, as well as coordinates relief projects whenever and wherever the need arises in Adamawa. API was the first organization to coordinate the absorption of internal displaced people from around the North East into Yola and surrounding towns.
A few years ago, the API heard rumours that certain groups were spreading fake news that another group was planning attacks on the other from out of state. The organization quickly got together, assembled both Christian and Muslim leaders to address the issue. That Friday, the imams around the state had been briefed to speak about the issue to reduce tension, while the Christian churches did same on Sunday. Crisis was averted. This has been the template with which API has addressed issues since then.
The experience here shows that building peace and unity goes beyond goodwill messages. We should not be in denial about the weaknesses in our communities. We must actively pursue peace and unity by coordinating grassroots organizations. Fake news did not begin on the internet – rumours have led to unfortunate incidents of bloodshed in our communities around Nigeria. Inter-group grassroots organizations can provide a trustworthy partner in keeping everyone assured of their safety.
But the tasks of NGOs like API are only secondary. The primary needs of Nigerian communities are jobs and opportunities to build sustainable ventures. Our economy needs to grow to accommodate the population which has been growing faster than our GDP.
I was having a conversation about Nigeria’s population growth rate, and a friend of mine joked that I am probably not the right person to have this conversation with, seeing as I have a really large family. This is true in many ways. Many people in my generation grew up in large families, it was all we knew, but must we continue in what we knew, in the face of new information and reality? It is also often the case that the elite families can afford to train their children, so large families become a resource, but the reverse is the case with poorer families. It is easy to see how income inequality will grow even wider as our population grows further, especially in rural communities.
For the avoidance of doubt, there’s nothing wrong with huge population. It can indeed be an asset if properly harnessed, especially in situations where the citizens are exposed to good education and skills, ensuring that they get a head start in life, like it is the case with China. The challenge however is where population growth far outstrips GDP growth as is currently the case with our country. In this instance population becomes a liability by default.
It is important that we grow our economy at a rate to cope with our population growth. Our current population growth of 3 per cent when compared with our GDP growth of 1 per cent in 2017 and the expected 2.5 per cent in 2018, will see us ending up with a lower per capita income and becoming even poorer at the end of 2018. Our GDP growth needs to outpace our population growth to make the latter an asset and not a liability.
As a father (and one with a large family) on one hand and a promoter of education on the other, I will counsel that on a scale of balance that parents have children that they can train to acquire good education and skills that will give them a head start in life and make them productive members of society.
An alumnus of American University of Nigeria, Mr. Muhammed Zanna is a daily reminder of the nexus between education and job creation. The young man could not wait to graduate before venturing into the entrepreneurial world. He bought over a business that had served as a practical for their business management class. Today, the young man runs a personal business, a testimony that education can indeed be a tool for creating small businesses. The Zanna experience, incubated at AUN in Yola, is an apt reminder that when our young people are taught how to create small businesses, their creative energies are unleashed to the betterment of the individual, our economy and society.
Atiku Abubakar is a former Vice President of Nigeria and PDP chieftain. [myad]