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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 |
That's not Nyanyan that's maraba outside Abuja |
whack blog |
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
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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 |
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 |
Kai those pictures are Mumbai pictures abeg get sense |
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 |
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
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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. |
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
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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 |
see more photos.......http://fawoleblog..co.ke/2017/07/new-photos-of-buhari-aisha-kayode.html?m=1
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lucky999:why not |
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
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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.
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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 |
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 |
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 |
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 |
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
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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
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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 |
Una mumu just start mad people |
CIOSYLVA:Don't joke with the other side hell or Paradise |
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 |
The Acting President, Yemi Osinbajo, has asked the Senate to approve $1.5 billion loan.https://www.google.com.ng/amp/www.premiumtimesng.com/news/headlines/233189-breaking-osinbajo-seeks-senate-approval-for-1-5-billion-loan.html/amp
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ezenwajosh:you are already worthless |
The second time in 6 days in Rivers |
MaaziNnamidiot:Abi even Ghanaian bukum banku get |
