₦airaland Forum

Nothing is more annoying and painful to APC almajiris than the committee assignments they will not get. Imagine PDP keeping all the important Senate committees to themselves. All those billions in kickbacks disappearing right before their eyes.

Events have already overlapped this story.

The Nigerian problem on display here. There is no rigging here and almajiris don't vote.

You lost, give it up and move on. No court will get involved in this messy political play. Nigeria Judges don wise.

frankyychiji:
Trash!

Only our APC fools did not see this coming.

AreaFada2:
.

The only beneficiaries will be policemen. They will just be raiding ogogoro communities to extort money.

Millions use ogogoro as solvent for local herbal medicines to get herbal tinctures. Most of these communities have no hospital nor dispensary nor even a chemist.
Ogororo made from natural sugar sources using native processes are hardly harmful if not abused.
Untrained & greedy makers add modern ingredients to speed up or increase yield.
That produces harmful by-products, especially methanol, instead of just ethanol (normal ogoro/gin).

Ogogoro means thousands of jobs in my area, people use ogogoro to send their children to school, build houses and make names for themselves. I am so sick and tired of government thinking banning a product without zero knowledge of what's on line.

Police raid will only lead to more firearms in the hands of the producer. Somebody should call this government to order asap. Ogogoro is big business, yes billions of Naira monthly. Regulate it and leave people to make their living, as they have done for donkey years.

Nelsonegware, when is the new election for the PDP party leadership?

Ban is dead on arrival. Ogogoro has been produced for years, better regulate it and stay off people's way of life.

Please, Iraq, Syria, Libya and Yemen need the miracle drugs they are offering Buhari.

Waiting for the assembly to due the needful to the local government election.

Please come serve and show Nigerians all those trillions you wrote about. Abi, they can only be found in your maggot head.

https://www.nairaland.com/2363850/ethiopia-topples-nigeria-foreign-investment#34533584

Africa has a hot new investment destination and it’s not Nigeria.

Headlines like this will become normal in Nigeria.

https://www.nairaland.com/2363850/ethiopia-topples-nigeria-foreign-investment#34533584

Headlines like this will become normal in Nigeria.

APC supporters must be stupidd to expect anything but the same actions they displayed in this country. Come on people, you spent 4 years destroying Nigeria in the name of opposition, please allow us our own 4 years of destruction. Whatever is left in 2019, will be salvage.

I thought Buhari and APC were going to stop this kind of traffic blockage. Noooooooooooooooo, only their alamjiris believed that crap.

Africa has a hot new investment destination and it’s not Nigeria.

The buzz at the World Economic Forum on Africa, an annual summit of the continent’s rich and powerful, is all about Ethiopia, where the economy is flourishing and the government is embracing select foreign capital. Executives from General Electric Co., Dow Chemical Co., Standard Bank Group Ltd. and MasterCard Inc. attending the June 3-5 gathering in Cape Town all singled out the East African nation as a market with strong potential.

Ethiopia was Africa’s eighth-largest recipient of foreign direct investment last year, up from 14th position in 2013, a report released by accounting firm EY on June 2 showed. The number of projects in Ethiopia surged 88 percent, the most of all countries ranked, while those in Nigeria slumped 17 percent.

“It’s got a government that is managing economic development in a very deliberate, cautious manner,” Ross McLean, Dow’s president for sub-Saharan Africa, said in an interview on Thursday. “It’s the second-most populous country in Africa. It hasn’t urbanized like other African countries, but it’s going to. It’s a very exciting place.”

Ethiopia’s economy is expected to expand 8.6 percent this year and 8.5 percent in 2016, compared with 10.3 percent growth last year, the International Monetary Fund said in its World Economic Outlook released on April 14. Nigeria, which has Africa’s largest economy and is grappling with energy shortages and the fallout of an oil price slump, is forecast to grow 4.8 percent this year and 5 percent next year.
Construction Boom

Ethiopia’s capital, Addis Ababa, shows all the signs of a construction boom. Private developers are erecting scores of office blocks and luxury housing estates, while the government is clearing slums to build low-cost apartments. Radisson Hotels International Inc. and Marriott International Inc. are among global chains that have opened hotels to cater for an influx of business travelers.

A Chinese-built railway line that snakes alongside the capital’s main roads is part of a nationwide infrastructure development program that’s helping entice investors. In April, Chinese company Huajian Group began work on a $400 million shoe-manufacturing park on Addis Ababa’s southwestern outskirts, while companies including Taiwan’s George Shoe Corp. have opened plants in an industrial zone in the Bole Lemi district.
On Thursday, Dangote Group, the Nigerian company controlled by Aliko Dangote, Africa’s richest man, said it will spend $500 million expanding its cement plant in Ethiopia, adding to $600 million already invested.

Credit Rating
“We will leave no stone unturned to make this country a suitable destination for foreign investment,” Prime Minister Hailemariam Desalegn said at the opening of the plant at Mugher, about 80 kilometers (50 miles) west of Addis Ababa.
The country was assigned its first credit ratings in May. Moody’s Investors Service rates it a non-investment grade B1 with a stable outlook, while Standard & Poor’s and Fitch Ratings awarded the country a B, one grade lower.
Yields on the nation’s debut $1 billion Eurobond have climbed to 6.77 percent from 6.625 percent when they were sold on December 4.
Business Obstacles
“We’ve done quite a lot of Ethiopian business,” said David Munro, head of corporate and investment banking in Standard Bank, which has applied for a license for a representative office. “We see it as a prospective place to grow our business. There’s the possibility of significant resources and it’s within an economically significant zone, the east African trade area.”

Obstacles to doing business in Ethiopia remain. The Ethiopian Peoples’ Revolutionary Democratic Front has ruled the country for the past two decades and the state continues to dominate the financial services, telecommunications and transport industries. Foreign exchange is in short supply, because the government uses inflows to finance its infrastructure program and exports remain meager.
Razia Khan, Standard Chartered Plc’s head of Africa macroeconomic research, said Ethiopia’s economy has a “hollow” structure because it doesn’t have a big enough middle class to enhance economic growth.

Poverty Data
Only 18 percent of Ethiopia’s 94.1 million people are urbanized and the economy is worth just $48.9 billion, according to the Abidjan, Ivory Coast-based African Development Bank. About 30 percent of the population live in poverty, according to 2010 data from the World Bank, down from 46 percent in 1995.

Pan-African lender Ecobank Transnational Inc. has a representative office in Ethiopia. Equity Group Holdings Ltd., owner of Kenya’s second-biggest bank, will prioritize its Ethiopian business as part of an expansion into nine other African nations, Chief Executive Officer James Mwangi said in an interview in Cape Town.
Dow doubled its sales in Ethiopia last year and sees more growth to come.
“There are some significant challenges,” said McLean. “We manage them. We think we are in at the right time.”

http://www.bloomberg.com/news/articles/2015-06-05/ethiopia-s-hot-nigeria-s-not-for-investors-targeting-africa

The days of bad news have returned.

You got punked by the alamjiri liar By the way N900M is still a false declaration.

Badgers14:
The problems with Niger Delta is there leaders, they only care about there selfish interests. Check 'em all Edwin Clark, Dokubo, Tompolo e.t.c what have they done for there people They just collect there share and cut out. Don't be surprised that the leaders have collected plenty of bribe from this lawsuit that was why it was delayed this long.

Some of you are beyond stupid in this country. Did your father or government start this case since 1983?

The dumbass op must take himself real serious. Buhari is a certified 419er, like 99% of his supporters. Almajiris mass murderers, lying, with every word that comes from their mouths. Calling that cow head Buhari, president of Nigeria is an insult to cows.

Mystiqme:
Is this the case?I hope so, if not, then Shell has won again.

It was N30M from the original court order, I expect their solicitors to ask for a clarification of this judgement asap.

It has to be N30M in 1983 value. This judgement needs to clarified again. The payout should be about N14B in today's money.

opeiiwo:
I know you are a TANite spy

Almajiris don't quote me.

tucky200:
People shud knw that..
Am sure they(boko haram) are getting their weapons through chad/niger border....
But tanoids would not knw that due to cluelessness

I hope you did not arrive Nigeria last week?

Funny, funny, funny starting from boko haram to petrol subsidy, Jonathan's decisions and actions will become the template used by these fraudsters called APC. Who is the clueless one now?

nonaira:
You called warri people, speficially based on your comments you were referring to urhobo and iteskiri, militants. Atlwireless is urhobo and obviously felt insulted from your comment hence the reply to your comment.
Apologize and move on. That's all

I'm not mad, but he needs to insult the moniker and not a whole tribe. Also, he should be smart enough to read between the lines of these monikers.

Macelliot:
I wasn't insulting him..
He tagged me "greed set of people." I never got angry...
He tagged me an "Edoitic animal." I never insulted back...

Truth must be told...
Greedy militants killing themselves because of oil...
I guess, you are naive... Go to south south and see for yourself...

See what? Please tell me.

For the sake of clarification please ignore the insults from the impostor called Goodboiyy, his last moniker was Ogagamic. Don't fall for divide and rule.