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Politics'shameful' Nigeria: A Country That Doesn't Care About Inequality by AbiolaFawole(op): 9:32am On Jul 18, 2017
A t least 86 million people live in extreme poverty in
Nigeria. The country’s richest man, Aliko Dangote , is
said to earn 8,000 times more each day than a poor
compatriot would spend on their basic needs in a year.
“Income inequality is one of Nigeria’s most serious but least
talked about challenges,” says Matthew Page , formerly the
US intelligence community’s leading expert on Africa’s biggest
economy. “It is this disparity between rich and poor, more
than poverty itself, that generates anti-government sentiment
and could fuel civil unrest down the road.”
Page’s analysis is backed up by a new global index , produced
by Oxfam and Development Finance International, which
puts Nigeria outright last in a list of 152 countries ranked by
their “commitment to reducing inequality”. Nigeria’s social
spending (on health, education and social protection) is,
according to the report, “shamefully low” and “reflected in
very poor social outcomes for its citizens”.
The billionaire Dangote – also Africa’s richest man – is a 60-
year-old Nigerian cement tycoon and philanthropist. His main
residence in Lagos is on Banana Island, the country’s most
expensive residential estate and a hub for the super-rich.
“People always assume that everyone
who works in Banana Island earns a
lot of money – but it’s not true,” says
David Obi, who has worked among the
millionaires and billionaires of this
exclusive manmade island (built in the
shape of a banana) since 2006.
“The rich do not pay you well but they
make you work endlessly,” he says. “I once worked with a
rich man where, after I’d finished my work, the family would
call me back at one or 2am to come and serve the boss. Yet
at the end of the month, they would not pay me. I had to
leave because I was owed my salary for several months.”
Obi resides in a part of this gated community where workers
are not allowed to stay with their families. “While the rich
stay in their mansions, those who work for them will be
given a very small space in the boys’ quarters – sometimes
two or three workers are made to share one small room.
“The rich don’t want the poor to make progress,” he
concludes. “If you are a poor man working for them, they
prefer that you stay poor for the rest of your life. They think
if they enhance your life and you become rich, you may
refuse to work for them again. They want only them and
their families to be rich forever.”
A ‘scary level of wealth’
Noel Anago is a 32-year-old chef who cooks for rich clientele
at a variety of social events in Lagos. “I am often surprised at
the displays of wealth,” he says. “I see very rich
businessmen, former presidents, top politicians and
governors, many with police escorts and people from the
state security service. I am amazed by the expensive dresses,
the shoes and the high-quality bags the women carry. They
are worth thousands of dollars.”
Between 2004 and 2010, inequality in Nigeria significantly
worsened, according to Oxfam , with the upper class
benefiting from dubious tax wavers and legislators receiving
earnings that were among the highest in the world.
The number of people living in poverty, meanwhile, increased
from 69 million in 2004 to 112 million in 2010, despite an
average economic growth of more than 7%. In the same
period, the number of millionaires in Nigeria increased by
44%.
“The overlap between political and economic power in
Nigeria is near total,” says Page. “Politicians often use
businesses to siphon money from state coffers, and many
business moguls have grown rich on the back of close
relationships with top officials, juicy government contracts, or
protectionist policies. Nigeria resembles the United States in
this way – but with less transparency and minimal
independent scrutiny of what are often conflicts of interest.”
In 2014, a report by the former
minister of finance, Ngozi Okonjo
Iweala, found the Nigerian government
had lost approximately 800bn naira
(£1.9bn) to tax wavers and concessions
to businesses and corporations between
2011 and 2013. The report concluded
these wavers led to no measurable benefit for the Nigerian
economy.
“Sometimes you are scared by the level of wealth here,”
Anago says. “Inequality has an impact on my life: I am
working hard just to survive, whereas the rich have
everything. They can afford to go to hospitals abroad, while
many poor people remain at home with ill-health until the
situation gets out of hand. When you don’t have money to
even feed, you can’t think of your health – you only think of
how to feed the stomach.”
Nigeria has now slipped into its longest recession for more
than 25 years, and is grappling with one of the worst
humanitarian crises in the world – heightened by Boko
Haram’s violent insurgency . More than 4.7 million people are
facing food insecurity in the region, according to the UN,
while 49% of young people are either unemployed or under-
employed in insufficient or part-time work.
Yet according to Nonso Obikili, a Nigerian-based economist,
public debate about inequality has decreased in recent years.
“In times of economic growth under the last government,
there was more of a focus on ‘inclusive growth’ – but even
then, nothing significant was done to address it.
“Now there is a recession, the focus of the country is on
returning to growth,” he says. “The current government have
improved the situation in terms of corruption, but the
changes have not been systemic – and that is a problem.”
A high-profile anti-corruption campaign – a key pledge in the
election of President Muhammadu Buhari in 2015 – has
attempted to stem the country’s historic levels of corruption.
Several properties, assets and state funds have since been
seized and recovered, and investigations continue.
The rich prefer that you stay poor for the rest
of your life
David Obi
Talk to both Anago and Obi, however, and they are dubious
that much has changed. “Corruption is responsible for
inequality,” says Obi. “This country has a lot of resources
and if properly managed, there would be no poverty. But
people are taking all the country’s resources for themselves
and their families.”
According to Anago, “Corruption is the number one factor
that brings about the gap between the rich and poor in
Nigeria. Many of the rich became extremely rich due to
corruption.”
He offers a bleak example of the difference between rich and
poor here. “As a poor man, you can’t get justice in Nigeria.
For example, when the police arrest the poor, they ask them
to bring money to bail themselves. If you don’t have the
money, they will detain you.
“It happened recently to one of my cousins: the police
arrested him and demanded 45,000 naira (£109). We all had
to come together to contribute the money, and even beg the
police to reduce the amount. Money matters a lot with the
justice system, because money talks when it comes to getting
justice in Nigeria.”


http://fawoleblog..co.ke/2017/07/nigeria-country-that-doesn-care-about.html?m=1
CrimeRe: Nyanya Residents Fix Disconnected Light Wires With Bare Hands (photos) by AbiolaFawole(m): 1:44pm On Jul 17, 2017
That's not Nyanyan that's maraba outside Abuja
WebmastersRe: My One Week And Three Days Experience Of Blogging by AbiolaFawole(m): 7:04am On Jul 16, 2017
whack blog
CelebritiesRe: Mugshot Of Lola Margaret Oladipupo Arrested In US For Fraud (Photo) by AbiolaFawole(m): 4:43pm On Jul 15, 2017
Tenim47:
she go soon release her own movie now, titled "crime in U.K"
Even to learn how to read you can't undecided
Tenim47:
she go soon release her own movie now, titled "crime in U.K"
Even to learn how to read you can't
PoliticsMan Deported To Ghana ‘because He Is Not Gay Enough’ by AbiolaFawole(op): 7:09am On Jul 15, 2017
A man was allegedly deported from Belgium this
week ‘because he wasn’t gay enough’.
Boyfriend Jurgen Hendrickx issued a public plea for
help on Wednesday after Festus was sent to
Ghana – where homosexuality is illegal.
The pair, who met on a
dating app in Antwerp in
2015, have been in a
relationship for two years.
However Mr Hendrickx said
‘immigration in Belgium
didn’t want to believe he
was gay’ and ‘refused to let
him stay despite being given evidence’.
Speaking about it, he said that he and
Festus had handed over dozens of pictures as well
as evidence that Festus had been with other men
before they met.
He said: ‘We have appeal so many times, we have
done everything.
‘Immigration in Belgium don’t want to believe he is
gay. They say he is not gay enough.
‘I have spoken to him today,
he is very scared, he has
nobody there. I want to go
to him.
‘Over the last two years our
relationship has grown and
grown and grown, it is so
good.
‘I have autism and it’s not easy for me to find love
but I have.
‘I can’t stop crying, being gay is illegal in Ghana
and I fear they are going to kill him.
‘Festus and I cry from morning to evening, we love
each other so much.’
In Ghana, residents face up to three years in prison
if convicted of being gay.
Mr Hendrickx now hope to travel to Ghana next
week to reunite with his partner.
He said: ‘I have lung
disease, so I need to see a
doctor on Monday to see if I
am fit to fly.
‘Then I need my
vaccinations on Tuesday.
‘Immigration don’t believe
Festus is gay but he is and we are a couple.
‘Last year I was in hospital and he sat with me for
eight hours a day from 2pm to 10pm just so we
could be together.

http://fawoleblog..co.ke/2017/07/man-deported-to-ghana-because-he-is-not.html?m=1

BusinessFood Prices Drop In Nigeria For The Month Of June by AbiolaFawole(op): 4:53pm On Jul 14, 2017
Against indication of moderation in the upwards
movement in food prices in the month of June,
2017, inflation rate, Year-on-Year (YoY) has been
projected to significantly drop further to 15.64 per
cent; a 61 basis point decline from 16.25 per cent
recorded in the preceding month.
According to FSDH Merchant Bank research report,
increase in the price of food items moderated in the
month of June compared with May 2017. However,
the research indicated that increases were observed
in some divisions that contribute to the Core
Inflation Sub-Index, with the highest price observed
in the clothing and footwear divisions.
Supporting this domestic price index, the monthly
Food Price Index (FPI) released by Food and
Agriculture Organization (FAO) of the United Nations,
indicated the Index advanced further in June 2017.
The Index averaged 175.2 points, 1.43% higher than
the revised value for May 2017, and 6.89% higher
than the June 2016 figure. Movement in the food
prices were in varying directions. Even as Dairy,
cereal and meat prices were mostly responsible for
the uptick in the value of the Index, sugar and oil
prices depreciated.
Significantly, prices of all dairy products which
include milk powders, cheese and butter appreciated
during the period. The FAO Dairy, cereal, and meat
Price Indices appreciated by 8.26%, 4.21% and
1.85%, respectively in June 2017.
On the flip side, the FAO Vegetable Oil Price Index
was down by 3.88%, driven by falling quotations for
both palm and soy oils. Good production prospects
and bumper harvests contributed to the fall in
prices.
The Sugar Price Index dropped by 13.45% in June
2017 on the heels of weak global import demand
and improved supply conditions in the main sugar
producing regions in Brazil. FSDH also noted that
the appreciation of the Naira in the parallel market
is expected to counter the effect of the rising prices
of food at the international market.
Hence, this should lead to a moderation in the pass
through effect of imported prices on consumer
goods in Nigeria,” the report highlighted. The food
items FSDH Research monitored in June 2017
exhibited general price increase. “The prices of
onions, yam, tomatoes, Garri, sweet potatoes, palm
oil, vegetable oil, Irish potatoes and rice were up by
33.89%, 24.6%, 11.11%, 6.67%, 4.76%, 4.62%,
3.03%, 2.96% and 2.69% respectively.
According to the research report, prices of beans,
meat and fish were stable. It also indicated that the
movement in the prices of food items during the
month resulted in 1.25% increase in our Food and
Non-Alcoholic Index to 243.34 points.

http://fawoleblog..co.ke/2017/07/food-prices-drop-in-nigeria-for-month.html?m=1
PoliticsExpect To See More Electricity Supply Next Month, Says Fashola by AbiolaFawole(op): 4:40pm On Jul 14, 2017
Nigeria ’s Minister of Power,
Works and Housing, Babatunde
Fashola, has assured Nigerians
that electricity supply to homes
will improve from next month.
Mr. Fashola said this while
delivering a lecture at the
University of Lagos on Thursday.
In his lecture titled “Power sector
reform In Nigeria: challenges and
the way forward”, the former
Lagos state governor said, “We
are working round the clock to
solve the (power supply)
problem. We are going to get
more power by August.
“How we get equipment,
transformers, and all of the
equipment needed within the
next cycle of 60 to 90 days is
critical so that we don’t lose all
that energy that is coming from
the raining season,” he added.
Commenting further, Mr. Fashola
said “If you don’t pay for
electricity, you have violated a
law. But we are now trying to
make that law stronger, and we
are looking at how to include
fines and to increase the
consequences. We want to make
it easier to comply than to
violate.”
“There are different types of
consumers and therefore they
require different kinds of meters.
Meters are calibrated differently
for each distribution company.
So, the meter that Ikeja disco has
– if you move them from Ikeja
disco, they must be recalibrated
before you can use them. If you
use the wrong meter, you’ll pay
the wrong tariff,” he stated.
On the agitation to cancel the
privatisation of the power sector,
Mr, Fashola said, “Instead of
saying ‘cancel the privatisation,’ I
would rather say, let us rework
the privatisation and re-engineer
it to make it work.
“When people ask us to cancel
the privatisation, I ask them how
that impacts our moving forward
when we demonstrate that we
are a nation that cancels a
respecting contract. Where are
we going to get the dollars to
refund (the contractors)? Because
they paid in dollars and I don’t
think they would accept naira.”
The minister assured that the government
would ensure that it makes the system work,
adding that cancellation is not the best step
to take.
“We cannot keep canceling, there must be a
point where we can make things work and I
guess that is what this administration is
about. We can make it work,” he said.

http://fawoleblog..co.ke/2017/07/expect-to-see-more-electricity-supply.html?m=1
TravelRe: UNTOLD Story About Dubai With PHOTOS - Dubai Is Not As Rich As UAE Govt. Portray by AbiolaFawole(m): 2:29pm On Jul 14, 2017
Kai those pictures are Mumbai pictures abeg get sense
HealthGambia Could Become The First Country In Sub Saharan Africa To Eliminate Malaria by AbiolaFawole(op): 5:46pm On Jul 12, 2017
Experts say Gambia could become the first country in sub- Saharan Africa to eliminate malaria on its track record of combating the mosquito-borne disease. The prevalence of the malaria parasite in children under five has plunged to 0.2 per cent from four per cent in 2011, according to the National Malaria Control Programme, NMCP. NMCP data shows that the total number of new malaria cases across the West African nation has fallen by about 40 per cent in that time, to 155,450 in 2016 down from 262,000 in 2011. Head of NMCP Balla Kandeh, said Gambia is aiming to achieve the milestone of having no new malaria cases by 2020, but donor fatigue is a concern with a funding gap of over $25 million. “This last mile is the most difficult, we need more support to sustain the gains we have made yet donors often turn their attention elsewhere as cases drop,” he said. Mr. Kandeh said that malaria rates in Gambia may rebound if more funding is not secured soon. He hoped that Gambia’s new leadership under President Adama Barrow, who won a December election to bring an end to 22 years of autocratic rule under Yahya Jammeh, will attract back donors after many left during the previous regime. “There is a better working environment under Barrow, with less constraints and less political uncertainty,” he told the Thomson Reuters Foundation

http://fawoleblog..co.ke/?m=1
PoliticsArmy Dislodges Boko Haram Terrorists (PHOTOS) by AbiolaFawole(op): 4:17pm On Jul 12, 2017
In continuation of ongoing efforts to rout Boko
Haram terrorists in its area of responsibility, troops
of 7 Brigade Special Forces, 8 Task Force Division
have dislodged terrorists who have been gathering
in Dawashi Gari village, in an area bordering the
Lake Chad.
In an engagement this morning, gallant soldiers of
the division killed 4 terrorists, while others fled,
abandoning their motorcycles, which were
recovered and destroyed, to prevent their being
used to perpetrate terror on innocent villagers.
Similarly, as part of the theater wide and ongoing
clearance operations, troops of 145 Bn, 5 Brigade,
8 Task Force Division have cleared Gashigar,
Asaga, Bukarti and neighbouring villages. In the
process, troops made contact with terrorists in
Kanama village and killed 2 terrorists, arrested 2
more, while 1 AK 47 riffle, 4 magazines and 4
motorcycles were recovered.
Col Timothy Antigha Deputy Director Public
Relations
8 Task Force Division.


http://fawoleblog..co.ke/2017/07/nigerian-army-dislodges-boko-haram.html?m=1

BusinessAfrica's Richest Man Invests $4.6bn In Nigeria Farming by AbiolaFawole(op): 4:00pm On Jul 12, 2017
Lagos - Dangote Group, controlled by Africa’s richest man, Aliko Dangote, plans to invest $3.8bn in sugar and rice and $800m in dairy production in the next three years as the company seeks to expand and deal with a shortage of dollars in its home market of Nigeria. The conglomerate plans to increase its production of sugar to 1.5 million metric tons a year by 2020 from 100 000 tons now and is seeking to add 1 million tons of rice, Edwin Devakumar, executive director at Dangote’s industries unit, said on Tuesday in an interview in Lagos, Nigeria’s commercial hub. The company also plans to have 50 000 cattle producing 500 million litres of milk a year by 2019, he said. A lack of foreign exchange means companies are struggling to pay for imported goods, increasing the burden on local agriculture to meet demand for food from Nigeria’s population of more than 180 million, Devakumar said. “All raw sugar has to be imported today, same thing for flour milling,” he said. Dangote, whose cement unit is Nigeria’s biggest listed company, has been investing in agriculture as the country’s government seeks to diversify away from oil, which accounts for 90% of the nation’s export earnings and the bulk of revenue. The economy, which plunged into its first recession in a quarter-century last year amid falling crude prices, is forecast by the World Bank to expand by 1.2% this year. The company has established Dangote Rice and will list the unit on the Nigerian Stock Exchange “at the appropriate time,” Devakumar said. Dangote plans to cultivate 350 000 hectares of land for sugar cane and add 200 000 hectares for rice, according to the executive director. The company has ordered five plants for sugar milling and 10 for rice from Switzerland to be located in the north of the country, he said. Sourcing funds The Lagos-based company will finance the projects through “internal resources or equity funding” and loans from banks and export-credit agencies, Devakumar said. The funds will be used mainly to procure “farm- development equipment” as well as sugar and rice mills, he said. Dangote is “at the planning stage’’ to invest in other agricultural projects including production of soybean, oil palm, palm kernel and corn, according to the executive director. It will support rice cultivation by supplying high- yield seeds, pesticides and fertilizers to contract farmers, he said. Aliko Dangote, 60, has a net worth of $12.1bn, according to the Bloomberg Billionaires Index. That ranks him just inside the top 100 worldwide.
Politics'God Needs Dollars, Pounds,' Pastor Tells Christians by AbiolaFawole(op): 6:34pm On Jul 11, 2017
The Anglican Chaplain for Uganda's
parliament, Reverend Canon Christine Shimanya, has
reportedly urged Christians to give their regular offerings
in dollars and pounds.
According to Daily Monitor , Shimanya said this while
delivering her sermon at the Namugongo Martyrs Church
of Uganda.
"Some Christians have dollars and pounds earned from
international conferences; instead they change the money
to Shillings before bringing it to church as offertory. Bring
those dollars and pounds, God needs the, Simanya was
quoted as saying.
She was supported by another clergyman Canon Henry
Ssegawa, who said that the church needed money with
higher purchasing power.
This came amid reports that one Ugandan pastor landed
himself in hot water after he set a pile of bibles on fire
in April.
According to All Africa.com , the renowned city pastor,
Aloysius Bugingo, of the House of Prayer Ministries
International was summoned to court to defend himself
on why he set the bibles on fire.
The celebrated preacher allegedly burned Bibles of King
James Version (KJV) and Good News version which he
collected from his 6 000-strong flocks on Easter Sunday.
He reportedly burnt the Bible versions because they
contained the words 'Holy Ghost' as opposed to 'Holy
Spirit'.
http://fawoleblog..nl/2017/07/needs-dollars-pounds-pastor-tells.html?m=1

BusinessFG Vows To Reduce Inflation Rate To Single Digit By 2020 by AbiolaFawole(op): 8:53pm On Jul 10, 2017
The Federal Government has reiterated its
determination to bring down the inflation rate to a
single digit by 2020, the Minister of Budget and
National Planning, Sen. Udoma Udo Udoma, has
disclosed.
The National Bureau of Statistics (NBS) in its
Consumer Price Index (CPI) May 2017 report, released
in Abuja on June 14, indicated that the country’s
inflation dropped to 16.25 per cent in May from 17.24
per cent in April.
According to the report, this is the fourth consecutive
decline in the rate of inflation since January.
The bureau stated that the headline index increased
by 1.88 per cent in May 2017, 0.28 per cent points
higher than the rate of 1.60 per cent recorded in April
2017.
However, Udoma, who featured on a
programme,“Guest of the Week’’ on Liberty Television
and Radio, expressed government’s commitment to
further contain the inflation rate so as to make life
more meaningful to the citizens.
According to him, the Central Bank of Nigeria (CBN)
is saddled with the responsibility of achieving the
single digit inflation rate by 2020.
“We are targeting to bring the inflation to single digit
by 2020 and it is the role of the CBN to do that,’’ he
said.
The minister expressed optimism that the single digit
inflation rate would be achieved in spite the
allegations of policy inconsistencies being leveled
against the CBN in some quarters.
He said: “I don’t think there are inconsistencies, you
have different objectives and you have to balance, it’s
a balancing thing, it’s not inconsistencies.’’
On plans to submit the 2018 budget to the National
Assembly by October, the minister said government
was determined to return to the January-December
Budget Year cycle.
“We want to move back into a January-December
budget year because even though the Act that the
NASS passed and signed into law allows 12 months
which means that this budget just signed has a 12-
month lifespan, but it is not the best.
“People need to plan carefully with the January-
December budget cycle.
“After the budget was passed, we engaged with the
leadership of the NASS, the executive team led by the
Acting President and we agreed that we will bring the
2018 budget by the beginning of October.
“This will enable them to work on it and possibly
passed it before the end of December so that by
January 2018 we can start implementing the budget,’’
he added.
Udoma also explained why the 2017 budgetary
allocation to the nation’s agricultural sector was low
when compared to other sectors of the economy.
According to him, agriculture is for the private sector
and the government has no plan to take over the
farms and factories from the farmers.
He specifically noted that the role of government was
to provide the enabling environment for the farmers to
succeed.
The minister said: “Agricultural production is for the
private sector; we don’t want to take over that from
the private sector; we don’t want to take over farms
from the farmers.
“We want the farmers to produce; we don’t want to
take over factories from their owners.
“What government does is to provide an enabling
environment because government is not as efficient as
the private sector ,when we say we want to support
agriculture, it does not mean we are going to do it
ourselves and what is required is to support
agriculture.’’ (NAN)


http://fawoleblog..co.ke/2017/07/fg-vows-to-reduce-inflation-rate-to.html?m=1
PoliticsNew Photos Of Buhari, Aisha, Kayode Fayemi In London Emerge by AbiolaFawole(op): 5:09pm On Jul 09, 2017

CrimeRe: Female Suicide Bomber Pictured Holding Baby Moments Before Detonating Bomb by AbiolaFawole(op): 11:20am On Jul 09, 2017
lucky999:
Do she know she is holding a bomb
why not
CrimeFemale Suicide Bomber Pictured Holding Baby Moments Before Detonating Bomb by AbiolaFawole(op): 11:11am On Jul 09, 2017
A female suicide bomber has been pictured
carrying her baby moments before detonating a
bomb that killed them both in Mosul.
Shortly after the picture was taken the mother, who
is holding the baby in her arms, detonated the
bomb she was carrying as she walked past Iraqi
troops in the soon-to-be liberated city.
The woman was walking
past the soldiers with a
group of fleeing civilians in a
part of the city that has
recently been freed from
ISIS.
The bomb failed to go off as
she walked past the troops,
detonating some distance away instead, killing
herself, her child and injuring several others.
ISIS have been left occupying just 600 square
metres with around 200 fighters and suicide
bombers hidden with the ancient city.
More than 20 female suicide bombers have
detonated belts in the last two weeks
Lieutenant General Sami al-Aridi, of the Iraqi Army,
said: ‘The women are fighting with their children
right beside them.
‘It’s making us hesitant to use air strikes, to
advance. If it weren’t for this we could be finished
in just a few hours.’

see more photos.........http://fawoleblog..co.ke/2017/07/female-suicide-bomber-pictured-holding.html?m=1

Foreign AffairsTrump, Merkel, Putin... The Gang's All Here At G20 Summit(Photo) by AbiolaFawole(op): 3:29pm On Jul 07, 2017
The leaders of the world's twenty largest economies
gathered for the traditional 'family photo' at the G20
summit in Hamburg, Germany on Friday (7 July).
The world's eyes are on the summit as it forms the
backdrop for the first meeting between US President
Donald Trump and Russian President Vladimir Putin.

BusinessNigeria’s Debt Profile Rise To N19trn by AbiolaFawole(op): 10:30am On Jul 07, 2017
The current debt profile of Nigeria has risen to
N19trn as the Federal Government says there is no
going back on plans to borrow additional N2trn.
Minister of Budget and National Planning, Senator
Udoma Udo Udoma, said yesterday that the
government is desperate to borrow the sum of N2
trillion to finance the 2017 Budget.
The minister, who spoke to newsmen after he pre­
sented his reports on the current Federal Govern­
ment’s economic recovery plans to the National
Working Committee of the All Progressives Con­
gress (APC) at the party’s headquarters in Abuja on
Wednesday night, argued that the government was
not committing any economic blunder by borrow­
ing to finance the budget.
Udoma noted that there was a great wisdom be­
hind funding the budget with the proposed bor­
rowing plan, adding that Nigeria does not have
debt problem, but revenue problems.
He also said that efforts are in top gear to increase
the country’s internally generated revenue through
the recent moves to implement the laws of
taxation, adding that the nation’s debt profile is not
threatening, as it is less than 20% of the Gross Do­
mestic Product (GDP).
“Every country borrows and the level of borrowing
in Nigeria is not excessive at all. The Federal Gov­
ernment is going to borrow about N2 trillion to
finance the 2017 budget.
“Our debt currently is about N19 trillion which is
less than 20 per cent of our Gross Domestic
Product (GDP). It is quite moderate. So, we don’t
have a debt problem, what we have is a revenue
problem and that is why we are taking steps to
increase our revenue”, he said.
On how the government intends to increase its
revenue earnings, Sen Udoma said: “One of the
things we are doing, as you are aware, is to get
people who have not been paying their taxes to pay
their taxes. Right now, our tax collection from GDP
is only about six per cent of GDP.


http://fawoleblog..nl/2017/07/nigerias-debt-profile-rise-to-n19trn.html?m=1
CrimeNigerian Christian Pastor Forgives Machete Attackers by AbiolaFawole(op): 9:56am On Jul 07, 2017
A pastor has been attacked by Fulani herdsmen in
Nigeria – just the latest in a line of violent assaults
suffered by Christians in the middle belt of the country.
Ibrahim Maisaje, a pastor at the Evangelical Church
Winning All (ECWA), visited his family farm in the
village of Panwasa Mada on 26 June. According to a
report from World Watch Monitor, he then saw cattle
eating his crops.
Upon approaching herdsman, he was slashed with a
machete. Fortunately, he was eventually able to
overpower the man. The Fulani herdsman and his
brother, who owned the cattle, were arrested.
'The father to the two boys accepted the damages and
pleaded with me for settlement between me and him,'
Maisaje told World Watch Monitor. 'It took the grace of
God upon me to forgive the Fulani man for what his
children had done to me and my crops.'
Fulani herdsmen are being driven away from the Sahara
region by increasing desertification, but that means they
often encroach onto land owned by Christian farmers.
Nigeria is broadly split between a Christian south and a
Muslim north and there have been frequent violent
attacks in the border regions. Last year a pastor in a
neighbouring state was hacked to death by herdsmen
as he collected wood.


http://fawoleblog..nl/2017/07/nigerian-christian-pastor-forgives.html?m=1
BusinessOil Prices May Crash Further As France Plans To Ban Petrol, Diesel-driven Cars by AbiolaFawole(op): 8:53am On Jul 07, 2017
France is set to ban the sale of any car that runs on
petrol or diesel by 2040.
Nicolas Hulot, France ecology minister, stated that the
planned ban on fossil fuel vehicles was part of a renewed
commitment to the Paris climate deal.
BBC quoted Hulot as saying that France also planned to
become carbon neutral by 2050.
Hybrid cars make up about 3.5% of the French market,
with pure electric vehicles accounting for just 1.2%.
The drop in demand for diesel and petrol driven cars will
go a long way in reducing the demand for oil, and in turn
drive a decline in global crude oil price
“The fight against climate change cannot depend on the
result of elections in one country of another. When a
country signs an international agreement it has to fulfil its
commitments,” Macron said.
“There will be new administrations. I’m pretty sure
President Trump hasn’t read the articles of this treaty.
There is nothing to renegotiate here.
“France has decided to become carbon neutral by 2050
following the US decision,” Hulot said, adding that the
government would have to make investments to meet that
target."
Earlier this week, car manufacturer Volvo said all of its
cars would be at least partly electric from 2019, an
announcement referenced by Hulot.
He said he believes French car manufacturers including
brands such as Peugeot-Citreon and Renault would
meet the challenge, although he acknowledged it would
be difficult.

http://fawoleblog..co.ke/2017/07/oil-prices-may-crash-further-as-france.html?m=1
Nairaland GeneralNigerian Air Force Jet Crashes In Maiduguri by AbiolaFawole(op): 8:10am On Jul 07, 2017
The Nigerian Air Force, NAF, has confirmed the crash of
its helicopter on Thursday.
NAF disclosed that the helicopter crashed into a pool of
water in Maiduguri, Borno State.
Spokesperson of NAF, Olatokunbo Adesanya, who made
the disclosure said no life was lost in the incident.
In a statement he signed, Adesnaya said the Chief of Air
Staff, Sadique Abubakar, has constituted a panel of
inquiry to unravel the cause of the crash.
The statement reads, “A Nigerian air force (NAF) Agusta
109 light utility helicopter has suffered a mishap while
undertaking a liaison mission targeted at further
enhancing the synergy between the Nigerian army and the
NAF in the ongoing counter-insurgency operation in the
north-east.
“The incident, which occurred today, 6 July 2017, was as
a result of an airborne technical fault with the helicopter.
“The experienced NAF pilots, however, successfully
ditched the helicopter into a pool of water to minimise
damage and loss of lives.
“Consequently, there were neither any injuries nor loss of
lives to anyone on board or on the ground.
“The chief of air staff has immediately directed the
constitution of a board of inquiry to determine the exact
cause of the incident while efforts are ongoing to recover
the helicopter and members of the board are already in
Maiduguri to commence work.
“The NAF continues to solicit the understanding and
support of the general populace as it daily strives to
ensure the security of Nigeria and Nigerians.”


http://fawoleblog..co.ke/2017/07/nigerian-air-force-jet-crashes-in.html?m=1
PoliticsBoko Haram Attacks Military Bases Cast Doubt On Fg’s Claim by AbiolaFawole(op): 2:19pm On Jul 06, 2017
Boko Haram jihadists believed to be from the IS-
supported faction loyal to Abu Mus’ab Al-Barnawi have
attacked three military bases in northeast Nigeria,
destroying one and killing a soldier, according to the
military and vigilantes.
1: President Buhari receiving Captured Boko Haram
terrorist flag
The attacks cast doubt on the Nigerian government’s
claim that the jihadist group is on the back foot and
may mark an end to a lull since April of Al-Barnawi’s
deadly attacks on military targets.
In the latest attack late Tuesday, Islamist fighters in
pickup trucks raided and razed a military base in
Kamuya village in Nigeria’s ravaged Borno state.
Boko Haram “attacked the (military) base around 5:30
pm (1630 GMT) and the troops engaged them in
battle,” a military source from the town of Biu told AFP.
“The base was burnt from RPG (rocket propelled
grenade) shelling and two soldiers were injured,” said
the military officer, who asked not to be named as he
was not authorised to speak on the incident.
The jihadists were later pushed back after military
reinforcements arrived 30 kilometres (18 miles) away
from Buni Yadi in neighbouring Yobe state, said the
military source.
http://fawoleblog..co.ke/2017/07/boko-haram-attacks-military-bases-cast.html?m=1

SportsRivers United Sign Former Bahrain League Player by AbiolaFawole(op): 6:51pm On Jun 15, 2017
Rivers United have completed the signing of Malian
attacker Abdoulaye Kanoute.
Kanoute, a free agent, joins the ‘Pride of Rivers’ on a one-
year deal after a four-year spell at Lebanese Premier
League club Shabab Al-Sahel.
The 26-year-old, who is in line to make his debut for
Rivers United in Friday’s Nigeria Professional Football
League (NPFL) game against Lobi Stars in Makurdi, spoke
about his happiness at sealing the deal.
“I am happy to join this club which has a family
atmosphere and I have been accepted by the rest of the
squad,” Kanoute told supersport.com on Thursday.
“The coach (Stanley Eguma) saw my video and believed I
can help the club, especially in the Caf Confederation Cup.
“I hope to do my best to help the club,” he said.
Eguma, on his part, explained that Kanoute brings
"something special" to the team.
“It is not always that I sign players that I have not watched
in person but after watching his videos, I was convinced.
“Also, our scouting team, led by Bright Ogude, was
impressed with him so it was not a unilateral decision.
“Having watched him closely these past few days, I can
say that Kanoute brings something special to the team
and we only hope he can adapt quickly to Nigerian
football.
“I will decide (on Friday) whether or not he will play
against Lobi Stars but he has done well in training this
week and has been included in the matchday squad,” he
said.
Kanoute joins other foreign nationals like Yaovi Douhadji
(Togo), Zoumana Doumbia (Mali), Godbless Asamoah
(Ghana), Aliassou Sanou (Burkina Faso) and Guy Keumian
(the Ivory Coast) at the Rivers United set-up.
Born on May 14, 1992, Abdoulaye has previously played
for Bahrain First Division League club, Malkiya and
National Football League (India) club Churchill Brothers
SC.


https://www.supersport.com/football/nigeria/news/170615/Rivers_United_sign_Kanoute

PoliticsDisappearance Of Boko Haram Bride Sparks Concern About Return To Militants by AbiolaFawole(op):
ABUJA, June 15 (Thomson Reuters Foundation) - The
disappearance of a former Boko Haram bride who
recently
returned home after three years in the militants'
stronghold
in northeast Nigeria has stoked concern about the
difficulty of deradicalising and reintegrating women
seized
by the jihadists.
The wife of a Boko Haram commander, 25-year-old
Aisha,
was among 70 women and children who in February
finished a nine-month deradicalisation programme, having
being captured by the army in a raid on the militants'
Sambisa forest base last year.
Last month Aisha vanished from her family home in
Borno's state capital Maiduguri, taking the baby boy
fathered by her Boko Haram husband and some of her
clothes, according to her younger sister Bintu Yerima.
"Before she left ... she had received a phone call from a
woman who was with her (in the programme)," 22-year-
old
Yerima told the Thomson Reuters Foundation by phone
from Maiduguri. "The woman said that she had returned
to
the Sambisa forest."
Phone calls to Aisha after she disappeared went
unanswered, and her mobile has since been switched off,
her sister added.
Fatima Akilu, a psychologist and head of the Neem
Foundation, an anti-extremism group which ran the state-
backed programme, said she had heard that some of the
women who were under her care, including Aisha, had
gone back to Boko Haram.
"Rehabilitation, reintegration is a long process ...
complicated by the fact we have an active, ongoing
insurgency."
Boko Haram's bloody campaign to create an Islamic
state
is now in its eighth year with little sign of ending, and
has
claimed more than 20,000 lives and uprooted 2.7 million
people.

http://fawoleblog..co.ke/2017/06/disappearance-of-boko-haram-ride-sparks.html?m=1
PoliticsRe: Ladies Join Topless Protest In Lagos #OurMumuDonDo (Photos) by AbiolaFawole(m): 12:09pm On Jun 12, 2017
Una mumu just start mad people
PoliticsRe: Bianca Ojukwu At The Burial Of Ozua Okoye (Photos) by AbiolaFawole(m): 2:06pm On Jun 08, 2017
CIOSYLVA:
I know Ojukwu would still be admiring his wife from the other side..
Don't joke with the other side hell or Paradise
BusinessNaira Watch: It’s Now N363/$1 by AbiolaFawole(op): 7:44am On Jun 07, 2017
The Naira, Tuesday, appreciated to N363 per dollar in the parallel market due to a combination of weak demand and increased dollar supply. Vanguard survey revealed that the parallel market exchange rate dropped to N363 per dollar from N371 per dollar on Monday, indicating N8 appreciation for the Naira. Confirming this development, President, Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, said it was due to increased confidence in the foreign exchange market due to consistent dollar injection by the Central Bank of Nigeria (CBN). “Most of the huge demand for dollars and spike in the rate were fuelled by speculation and hoarding. The sustained dollar injection by CBN has eliminated these types of demand, hence low level of demand and appreciation of the Naira,” he said. On Monday the CBN injected $190 million dollars into the interbank market. This comprised $100 million for wholesale interventions, $50 million for SMEs for forex window, and $40 million for Business/Personal Travel Allowances, tuition and medical fees, among others. Also the Senate on Tuesday mandated its Committee on Banking, Insurance and other Financial Institutions to hold roundtable with Central Bank of Nigeria(CBN) and other stakeholders over high interest rate. It directed the committee to meet with experts in the finance industry to find immediate and sustainable solutions that would usher in a new interest rate regime that supported enterprise development in the country. The decision followed a motion by the Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Sen. Rafiu Ibrahim, at plenary. Ibrahim said that it was disturbing that in spite of all the negative economic indices in the country, banks had continued to declare huge earnings and profits. “The current regime of high interest rate continues to place a major burden on business investments and household consumption spending in Nigeria, thereby negatively impacting on the survival of Nigerian businesses. “This is perpetuating the indicator which shows that only about three per cent of Small and Medium Enterprises (SMEs) starting up, have access to credits from banks. “This insignificant percentage ironically employs about 88 per cent of our workforce and therefore the backbone of the economy. “It is disturbing that lending rates to the private sector has hovered between 28 per cent and 30 per cent across board,’’ he said. In his contribution, the Deputy Leader of the Senate, Sen. Bala Na’Allah, said that there was an urgent need to discuss with all relevant stakeholders on the way forward. According to him, it is worrisome that in spite of the current economic situation, which has largely affected Nigerians, the interest rate is high. Na’Allah said “there is a dire need for a stakeholders’ roundtable to address increasing interest rates in Nigeria. “I wonder why the interest rates are outrageously high, in spite of the fact that the country is yet to get out of the recession. `The banks are run by a powerful cartel. They do what they like and jerk up interest rates. “Over the years, we have seen the exchange rates go up, but it is not the same in other economies of the world. “Nigeria has the most unpredictable economy in the world and we have to be worried about this,’’ he said. In his remarks, the President of the Senate, Dr Bukola Saraki, gave credence to the claims by criticising what he described as the twin evil of interest and exchange rates. He said that it was unreasonable for companies to continue to lay off staff, while declaring huge profits annually. Saraki, however, assured that the Senate would step in and ensure that the right thing was done. He said “there has always been the twin evil of exchange rate and interest rates. “We cannot live in a country where companies are folding up, yet organizations are declaring mega profits. The committee should swing into action.” He assured that the senate would not hesitate to see to the implementation of the committee’s resolutions.

http://fawoleblog..com/2017/06/naira-watch-its-now-n3631.html?m=1
PoliticsOsinbajo Seeks Senate's Approval For $1.5 Billion Loan by AbiolaFawole(op): 2:41pm On Jun 06, 2017
The Acting President, Yemi Osinbajo, has asked the Senate to approve $1.5 billion loan.

The loan is part of the 2016-2018 External Borrowing Plan of the federal government and is meant for projects in 10 states, the News Agency of Nigeria reports.

Details later…
https://www.google.com.ng/amp/www.premiumtimesng.com/news/headlines/233189-breaking-osinbajo-seeks-senate-approval-for-1-5-billion-loan.html/amp

PoliticsRe: Proposed N5 Petrol Levy A Huge Joke – NUPENG by AbiolaFawole(m): 9:35pm On Jun 03, 2017
ezenwajosh:
I SUPPORT THIS.....I WANT THE SITUATION WHERE Nigerian WILL WORTH NOTHING
you are already worthless
CrimeRe: Headless Body Found In Rivers State At NTA Road (Disturbing Photo) by AbiolaFawole(m): 4:08pm On May 31, 2017
The second time in 6 days in Rivers
SportsRe: Bash Ali Reacts To Evander Holyfield's Invitation To Nigeria, Slams Lagos Govt. by AbiolaFawole(m): 1:17pm On May 26, 2017
MaaziNnamidiot:
World Boxing Champion that doesn't have a Wikipedia page, should that one even be called a boxer?
Abi even Ghanaian bukum banku get

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