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Wealth of five richest men in Nigeria could end extreme poverty in country yet 5 million face hunger Publicado: 16th Mayo 2017 The combined wealth of Nigeria’s five richest men - $29.9 billion - could end extreme poverty in that country according to a new report published by Oxfam today. The report, ‘Inequality in Nigeria,’ exposes the large and growing gap between rich and poor. It reveals how the benefits of economic growth have been captured by a wealthy elite at the expense of ordinary Nigerians. Economic inequality is a key factor behind the conflict that has led to the severe food crisis in Nigeria’s north-eastern states. The UN estimates that five million people in north-east Nigeria will suffer from severe food shortages this year. The report finds that: Nigeria’s richest man earns 8,000 times more in one day than a poor Nigerian will spend on basic needs in a year. More than 112 million people are living in poverty in Nigeria, yet the country’s richest man would have to spend $1 million a day for 42 years to exhaust his fortune. Despite a rapidly growing economy, Nigeria is one of the few countries where the number of people living in poverty increased, from 69 million in 2004 to 112 million in 2010 – a rise of 69 percent. The number of millionaires increased by 44 percent during the same period. Celestine Okwudili Odo, Good Governance Programme Coordinator for Oxfam in Nigeria, said: “It is obscene that the richest Nigerian has amassed more money than he can ever hope to spend in a country where five million people will struggle to feed themselves this year. Extreme inequality is exacerbating poverty, undermining the economy, and fermenting social unrest. Nigerian leaders must be more determined in tackling this terrible problem.” The report highlights significant levels of inequality between states. 69 percent of people now live below the poverty line in north-eastern states where the food crisis has hit hardest, compared to 49 percent of people in the more politically powerful regions of the southwest. It also shows that women are least able to capture the benefits of economic growth because they tend to be employed in low-skilled, low-paid informal jobs. Women represent between 60 and 79 percent of Nigeria's rural labor force but are five times less likely to own their own land than men. Women are also less likely to have had a decent education; for example, over three-quarters of the poorest women in Nigeria have never been to school. The report says that that poor people are unable to benefit from Nigeria’s wealth because of high levels of corruption and the excessive influence that big business and a wealthy elite have over government policy making. For example, public officer holders stole an estimated $20 trillion from the treasury between 1960 and 2005. And while multinational companies receive tax incentives worth an estimated $2.9 billion a year – three times more than Nigeria’s entire health budget – small and medium-sized businesses and workers in the informal sector face multiple taxes. Despite being Africa’s biggest economy, the share of the national budget allocated to education, health, and social protection is one of the lowest in the region. In 2012, Nigeria spent just 6.5 percent of its national budget on education and just 3.5 percent on health. By comparison, Ghana spent 18.5 percent and 12.8 percent respectively in 2015. As a result, 57 million Nigerians lack safe water, over 130 million lack adequate sanitation and the country has more than ten million children out of school. Okwudili Odo said: “Nigeria is not a poor country yet millions are living in hunger. The government must work with the international community to get food and aid to hungry people now but it can’t stop there. It must free millions of Nigerians from poverty by building a new political and economic system that works for everyone and not just a fortunate few.” “The government can make a start by tackling corruption, ensuring big business and wealthy individuals pay their fair share of tax, investing in vital public services, and protecting the rights of women,” said Okwudili Odo. Notas para editores Download the report ‘Inequality in Nigeria: Exploring the Drivers.’ According to the United Nations Office for the Coordination of Humanitarian Affairs, more than 4.8 million people in north-east Nigeria are experiencing severe food shortages - this is predicted to rise to 5.1 million this year, without further interventions. According to Forbes the 5 richest Nigerians are: Aliko Dangote (net worth US $14.4 billion), Mike Adenuga (net worth US $9.9 billion), Femi Otedola (net worth US$1.85 billion), Folorunsho Alakija (net worth US$1.55 billion), Abdul Samad Rabiu (net worth $1.1 billion). Oxfam is part of the international community’s response to help more than 6 million people in Nigeria, Chad, and Niger who are suffering from severe and chronic hunger. Oxfam has reached nearly 245,000 people in Nigeria with water, sanitation and hygiene kits. Cc lalasticala |
PataAlhajaKeji:what of transport workers Delivery workers � |
oyeb15:Hmm |
IlovePMB:And if he is yoruba muslim or igbo? |
thebosstrevor1:Most christains and muslims are idiots |
My 2021 Budget
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Help! ![]()
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Traviscottt:Are u serious? am about to study this course |
iamcee:wow that's impressive |
iamcee:You learnt all this! where? |
iamcee:What skills? help a bro |
OscarJaden:call hisbah ![]() |
Coldie:what is ur present age |
Rosskivvy:I like this, u are full of knowlege |
And u say they are animals
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How Africa’s most powerful warship became a floating wreck November 4, 2019 Ekene Lionel Nigeria, NNS Aradu In Africa today, only a handful of countries have a true blue water navy. These countries can count on their naval forces to conduct maritime operations far from their shores. These fortunate countries are Egypt, Algeria and South Africa, maybe even Morocco. The importance of owning a true blue water navy cannot be over-emphasized. From power projection far from home to fishery protection near the coastline. These are the roles of a country’s navy. However, an integral component of this role is operating modern surface combatants capable of meeting and exceeding the security needs of a country. One of such modern surface combatant is the NNS Aradu (F89), a Meko 360 class multipurpose frigate. The Aradu (Hausa for “Thunder”) can be easily identified as the most heavily-armed warship in service with any African nation. The NNS Aradu given its heavy firepower and armaments was truly a unique ship, often classified as a destroyer. Africa’s first multipurpose destroyer capable of simultaneous anti-air, anti-surface and anti-submarine warfare. Based on the Blohm & Voss MEKO 360 design pattern, although, specifically designated by the manufacturer as MEKO 360H1. NNS Aradu started her life as ‘The Republic’, laid down at the Blohm Voss shipyard in Hamburg on December 1, 1978, and launched on January 25, 1980, two years later. She was to spearhead Africa’s most powerful fleet at that time, comprising of a smaller, older frigate, the NNS Obuma, four corvettes of the Dorina and Erin’mi classes and six missile boats – three Ekpe class of German design and three Siri class of French design. In addition to these vessels, there was a capable force of minesweepers, seaward defence boats and patrol craft. At that time, the Nigerian Navy was, at least on paper, a potent force. The Nigerian Navy was tasked to guard and defend the new nation, and to show the world that a new black power has emerged. On a national level, the protection of Nigeria’s 856km coastline as well as various oil and gas installations dotting the landscape was paramount. NNS Aradu armaments To fulfill this monumental tasks, NNS Aradu was armed to the teeth. Aradu’s main gun is an OTO Melara Compact 127 mm/L54 dual-purpose gun. It fires 31 kg projectiles at up to 40 rounds/minute, out to a maximum range of 23,130 m and an anti-aircraft ceiling of 7 000 m. Capable of engaging ships, land targets, aircraft, and even some anti-ship missiles. At that time, it was one of the most capable dual-purpose guns in the world. For air defense, it was armed with four Breda “Twin Fast Forty” CIWS turrets, each with two Bofors 40 mm/L70 automatic cannons, with one mounted at the four corners of the ship. Each turret fires a 2.5 kg projectile at up to 900 rounds/minute out to a maximum range of 12 500 m and an anti-aircraft ceiling of 8 700 m. These anti-aircraft guns was so devastating that it is capable of destroying a supersonic cruise missile at up to three kilometers. To complement the anti-aircraft guns, an Albatross surface to air missile system was mounted. The Albatross SAM is a variant of the United States Raytheon RIM-7 Sea Sparrow. Similar to AIM-7E, with Selenia monopulse semi-active seeker and SNIA-Viscosa solid-propellant rocket motor. This version was popular with export customers, and sold to 17 countries. (MBDA) The Albatross is a 230 kg semi-active radar homing missile with a 33 kg continuous rod warhead, and has an effective range of 18.5 km (10 nm). Thirty-two Albatross was usually carried. In case of a squabble with enemy ships, the NNS Aradu was armed with eight Otomat Mk 1 anti-ship missiles. The Otomat Mk 1 is a short-range subsonic anti-ship missile developed by the Italian company Oto Melara jointly with Matra. It is capable of reaching around 180 kilometres at an average speed of 1,100 kilometres per hour. Other equipment and weapons carried includes a 6 x 324 mm torpedoes and a depth charge rack. Both were for anti-submarine warfare. An ECM suite is fitted, with a Decca RDL-2 ESM system, and two chaff mortars. A Lynx helicopter was usually carried onboard the ship during operations. NNS Aradu: The pride of the nation In 2005, NNS Aradu brought glory to Nigeria when it participated in the commemoration of the 200th anniversary of the Battle of Trafalgar by sailing to Great Britain. NNS ARADU also took part in “Operation Seadog” in 1985 and “Operation Odion” in 1987. During the Second Liberian Civil War, NNS Aradu patrolled Liberian waters, showing the flag. During her prime, she undertook extensive diplomatic visits to countries like Gabon, Congo, Zaire, Equatorial Guinea and numerous European countries. She has also participated in joint exercises with visiting ships of the German, Indian, French and the Brazilian Navies. The fall of NNS Aradu Although, the Nigerian navy was arguably the best equipped surface fleet in sub-Saharan Africa. NNS Aradu, is sitting at the naval Dockyard limited in Victoria Island, Lagos. (Twitter) However, training and maintenance culture plummeted compounded by financial problems brought about by the falling oil prices. More so, corruption and negligence at the leadership level didn’t help matters. The current state of NNS Aradu At this moment, NNS Aradu, is sitting at the naval Dockyard limited in Victoria Island, Lagos. The same ship acquired, almost at the same time, by Argentina are still functional while the pride of Nigerian Navy and flagship of Nigeria is in the doldrums. NNS Aradu, is sitting at the naval Dockyard limited in Victoria Island, Lagos. In June 2017, the Nigerian Chief of Naval Staff (CNS), Vice Adm. Ibok-Ette Ibas, said the Nigerian Navy needs 250 million dollars to refit NNS ARADU for maritime operations. “We desire to have the ship at sea but as soon as the navy is properly funded, we should be able to refit that vessel and have it at sea,” he said. Vice Adm. Ibok-Ette Ibas later revealed that refitting NNS ARADU was not an option for now. Nigeria’s Navy: the way forward Although, the Nigerian Navy may have lost the remarkable capabilities of the NNS Aradu however, not all is lost. With the trend in recent naval acquisitions moving towards smaller littoral vessels, it appears that the Nigerian Navy is foregoing its traditional power projection capability for regional security and Defence. The Nigerian Navy has acquired two second-hand Hamilton class OPVs have been delivered to Nigeria and now form the country’s largest operational naval assets. Also, two P18N Offshore Patrol Vessels were procured from CSOC in April 2012 for US$42 million each. These are based on the Chinese Navy’s Type 056 missile corvettes but have a dramatically reduced armament of a single 76mm gun, with a secondary armament of two 30mm and two 20mm guns. These two Chinese OPVs, alongside the two Hamilton class vessels represent the most potent surface assets available to the Nigerian Navy. Fortunately, Nigeria faces little or no conventional military threat from any of its neighbours and while the prestige of having missile frigates like the NNS Aradu and a force of missile boats is undoubtedly attractive however, coastal security is more important. The Nigerian Navy is slowly inching its way back to being a viable force capable of performing critical missions in respect of EEZ surveillance and patrol. This makes perfect sense because most of Nigeria’s revenue comes from the oil and gas sector, a lot are based offshore. To further protect it’s Economic Exclusive Zone (EEZ), Nigeria is planning on procuring a wide variety of naval vessels in the short and medium term including a general-purpose frigate valued at $350 million, a long-endurance Offshore Patrol Vessel (OPV) valued at $120 million, a medium-endurance OPV estimated at $60 million, a landing platform dock (LPD) ship worth $350 million and a landing ship-tank valued $90 million. Also, other assets earmarked for long-term procurement includes a submarine worth $300 million, a Seaward Defence Boat (SDB) worth $10 million and a specialised naval security helicopter at an estimated cost of $25 million. These would help the navy fully secure the country’s territorial waters against piracy, armed robbery at sea, crude oil theft and illegal bunkering, poaching, smuggling, vandalism, kidnapping, proliferation of small arms, illegal waste dumping and oil pollution. Besides these, since the security of our neighbours Benin, Togo, Cameroon, Sao Tome and Principe and Equatorial Guinea in particular, largely depend on the Nigerian Navy, it is hoped that these lofty acquisition will not fall the same way NNS Aradu fell. |
If you had the chance to bring back one of these legends from retirement who would he be Remember just one
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Detective skill test
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This is arguably Africa's best xi |
This is arguably Africa's best xi
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Which of the following is your best front three ever
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Covid19 is ? |
Daum: |
Mine was odemwingie against de maria that dribble lingers in my memory till now although I have seen better dribbles but that was kinda special may be due to the time it was played Share yours! |
Igbos At It Again |

