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Politics / Re: Obafemi Awolowo Lying In State After His "Controversial" Death In 1987 by ludamix(m): 10:24pm On May 03, 2015 |
Baba ikenne, one of our greatest hero in Nigeria 66 Likes 2 Shares |
Politics / Obafemi Awolowo Lying In State After His "Controversial" Death In 1987 by ludamix(m): 10:23pm On May 03, 2015 |
Chief Obafemi Awolowo pictured lying in state in 1987, his trademark cap placed on glass casket. Chief Obafemi Jeremiah Oyeniyi Awolowo, GCFR was a Nigerian nationalist and statesman who played a key role in Nigeria's independence movement, the First and Second Republics and the Civil War. Some say he died peacefully in his hometown, Ikenne in Ogun state while others argue that the political heavyweight committed suicide after being allegedly betrayed by a loyalist to the military president -(then General Ibrahim Babaginda). Whatever the controversy may be, the foremost leader undoubtedly contributed to the upliftment and development of Nigeria. https://mobile.twitter.com/SeeMeSeeNigeria/media/grid?idx=0&tid=594942607949717504 12 Likes 6 Shares
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Politics / Re: NNPC Has No Record Of Nigeria's Actual Crude Oil Production Per Day by ludamix(m): 1:52pm On Apr 28, 2015 |
Sapeleboy: You are afool for calling my country, our country a zoo. Imagine oyinbos call our country zoo that's when you will say they're racists. Charity begins at home and take this; the name you call yourself is what people will call you #zoohabitant 15 Likes 1 Share |
Politics / Pwc NNPC Audit Report Exposes Double Subsidy Payments On Kerosene, Petrol by ludamix(m): 11:12pm On Apr 27, 2015 |
The audit was conducted by PricewaterhouseCoopers (PwC) following allegations that the NNPC did not remit $20 billion into the federation account in a letter written to President Goodluck Jonathan in September 2013 by the former governor of central bank, Sanusi Lamido Sanusi, who is now the emir of Kano. Sanusi initially put the figure at $49.8 billion, but after a reconciliation committee was set up following a media leak of his letter, he revised the figure to $20 billion. He was subsequently asked to resign by Jonathan and suspended when he refused to do so, but presidency said his suspension was based on a report by the Financial Reporting Council of Nigeria (FRC) on his misdemeanors at the central bank. The PwC report, which was ordered released to the public by Jonathan on Monday, did not corroborate Sanusi's figure but the findings were no less damning. PwC stated in the report that in the payment of subsidies for petrol (PMS) and kerosene (DPK) between January 2012 and July 2013, that there were gaps between what was paid and what was supposed to be paid. It put the difference at $980 million (about N195 billion) and alleged "duplicated discharges" in subsidy computation. "Our review of the subsidy documentation revealed that the subsidy due to NNPC between January 2012 and July 2013 on PMS and DPK import was $8.99billion compared to the $9.97 billion stated by the Reconciliation Committee. "The difference was due to the following: Exclusion of October 2011-December 2011 subsidy claims of $1.2billion. This does not relate to the review period of January 2012 to July 2013; $0.13billion increase in PMS subsidy claimed for the 19 months period, $0.09billion increase in DPK subsidy claimed for the 19 months period; duplicated discharges noted in subsidy computations "Our examination of the PMS and DPK import verified by PPPRA revealed that some discharges were apparently verified and subsidy advised to NNPC more than once," the report said. PwC alleged "repeated subsidy" for PMS amounting to N3,709,879,190 ($23,954,796) and another "repeated subsidy" for DPK amounting to N6,169,502,266 ($39,836,652). It said the there was another $36.05 million "over-statement" in PPPRA’s PMS subsidy payment advice to NNPC. The accounting firm said its review of the payment advice sent by PPPRA to NNPC for discharges between January 2012 and July 2013 revealed that PPPRA applied the pre-2012 Ex-Depot Price (N49.51) on some discharges in 2012 instead of the approved Ex-Depot Price of N81.51. A total of 174,449,778 litres of PMS were affected in these PPPRA computations, it said, concluding that the "error" resulted in an over-statement of PMS subsidy by N5.6 billion ($36.05 million). $205m DPK subsidy over-charge A review of a sample of the copies of the pro forma invoices (PFIs) issued to the other marketers of DPK across different geopolitical zones of Nigeria, PwC said, revealed that the other marketers bought DPK from NNPC/PPMC prior to arrival at NNPC depot in Nigeria at N40.90. It noted that the marketers were required to incur the Lightering expenses, NPA charges, Jetty Throughput Charge and Storage Charges before bringing the product into Nigeria. Subsidy is then calculated as Landing Cost minus Ex-Depot Price. "NNPC claimed that this cost is incurred by both NNPC and the marketers. For the purpose of this report, we have considered this cost as a cost incurred by the marketers. Over-charge of subsidy above depends on PPPRA’s decision to either consider this cost in favour of NNPC or in favour of marketers of kerosene," it reported. "Per PPPRA’s template, Landing Cost also includes the extra expenses incurred by the other marketers. "By selling DPK to marketers at N40.90 and claiming subsidy at an Ex-depot price of N34.51 without adjusting the Landing Costs for the extra costs borne by the marketers, NNPC had over deducted subsidies to an estimated amount of N31,522,234,881.06 ($204 million)." Under-recognition of NPDC lifting PwC said liftings by the Nigerian Petroleum Development Company (NPDC) were "under-recognised" to the tune of $0.82billion by the reconciliation committee. It reported: "The Reconciliation Committee put the value of liftings in favour of NPDC at $6billion. We did not receive any supporting documentation from NPDC to validate this figure other than the submission to the Senate by the former MD of NPDC, Mr Victor Briggs, who disclosed the total value of NPDC liftings from all its assets as $6.82billion. "While we were unable to verify the $6.82 billion directly at NPDC, we performed a recomputation of the values of liftings using information provided by COMD (NNPC's Crude Oil Marketing Department) and arrived at a value of $5.65 billion. Discussions with COMD revealed that lifting data captured by COMD for NPDC might not be complete as COMD does not capture liftings done directly by NPDC’s Strategic Alliance Partners. Volumes recorded by DPR for NPDC did not contain the necessary pricing information for valuation." PwC said cash payments of $863 million by NPDC to FIRS were not captured by reconciliation committee. Computation of Crude Oil loss PwC also raised observations on the computation method adopted by the NNPC to arrive at crude oil loss - a major source of revenue leak in the upstream sector. "NNPC used a conversion rate of $100/ barrel to value differences between the quantity of crude oil pumped at the terminals and quantity received at the refineries. We adopted the monthly average Platts price to value the losses, considering that the revenue generated from Crude oil lifted during the review period had been accounted for using such Platts information instead of a fixed rate. Applying the monthly average Platts price to value the crude oil losses amounted to $73,851,144.93," PwC said. TIMELINE 25 September 2013 Sanusi Lamido Sanusi, former CBN Governor, writes a letter to the President stating that from January 2012-July 2013, NNPC had lifted $65bn worth of crude on behalf of the FGN but remitted only $15.2bn, thus $49.8bn was outstanding. 13 December 2013 The former GMD NNPC (Andrew Yakubu) responds that no money is missing. A revenue reconciliation meeting was set up by the FGN to look into the allegations. 18 December 2013 After the reconciliation meeting, a joint press statement was issued by all the parties. Actual value of crude lifted over the period was $67bn which was accounted for as follows: Revenues which directly accrued to NNPC (for the Federation Account) of $14bn. Additional revenues lifted by NNPC on behalf of other parties as follows: FIRS ($15bn), DPR ($2bn), NPDC ($6bn), Other third party financing ($2bn), domestic crude lifted by the NNPC ($28bn). The Ministry of Finance acknowledged that all crude lifted was remitted apart from domestic crude remittances with a shortfall of $10.8bn, made up of: Unpaid subsidy claims – USD 8.77billion, Holding costs of strategic reserves – $0.46billion, crude oil and product losses – $0.76bn, Pipeline and management costs – $0.91billion. CBN governor stated that the shortfall is $12bn because, of the $28bn due from the domestic crude, NNPC had only remitted $16bn. NNPC insisted that the shortfall is $10.8bn and the difference was due to $1.2bn subsidy payments it claimed to have made between Jan-Mar 2012 (relating to October – December 2011 discharges), and which had been certified by the PPPRA. CBN did not recognize it as no documents were provided by NNPC to support the explanation. 4 February 2014 The CBN Governor appearing before the Senate Committee on Finance stated that NNPC needs to account for $20bn discounting some of the initial explanations provided by NNPC (the lifting in favour of NPDC, other third party financing and certified subsidy claims). The Governor stated that out of the $67billion worth of crude oil lifted by the NNPC, only $47billion had been appropriately accounted for as follows: · NNPC payment for FGN crude - $14bn FIRS crude - $15bn · Domestic crude - $16bn · IOC payment (Royalty) - $2bn · Total - $47bn 13 February 2014 The NNPC accounted for the $20bn shortfall as follows: NPDC $6bn, Other third party financing $2bn, Jan – Mar 12 certified subsidy $1.2bn, DPK subsidy $3.5bn, PMS subsidy $5.25bn, Crude oil product losses $0.76bn, Maintaining the strategic reserves $0.46bn, Pipeline maintenance and management costs $0.91bn, Total $20.08bn. The Minister of Finance and Coordinating Minister of the Economy, recommended that there should be an independent forensic audit of the amounts constituting the $10.8bn as stated on 18 December 2013. Source: THE CABLE |
Crime / Re: ISIS Militants Take Their Madness To Another Level (see Photos) by ludamix(m): 3:52pm On Apr 27, 2015 |
This people get cockroach for head They should be castrated and fed to the vultures |
Crime / ISIS Militants Take Their Madness To Another Level (see Photos) by ludamix(m): 3:46pm On Apr 27, 2015 |
A sickening propaganda image linked to the Islamic State terrorist group has surfaced showing a newborn baby sleeping next to a grenade, a handgun and what appears to be a birth certificate. The image, which has not been verified, was re-posted by anti-ISIS activists in Syria with the warning: 'This child will be risk to you not just to us'. The image bears a strong resemblance to earlier ISIS propaganda, such as this image of a baby lying on an ISIS flag surrounded by weapons. 1 Share
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Politics / Gunmen Kidnap University Of Ado Ekiti Ex-registrar, Fapohunda by ludamix(m): 2:13pm On Apr 27, 2015 |
A former registrar of University of Ado Ekiti, now Ekiti State University, Modupe F. Fapohunda, was reportedly kidnapped on Sunday night in Ondo State. The woman’s daughter, Lola, revealed this on Twitter: She said: “This is the picture of my mum, Chief Mrs. Modupe F. Fapohunda. Armed men broke into the house and took her away “She hasn’t been found or heard from since last night. If any one has any info please call 07086197695 or 07065583074. “She was taken away in her car, Lexus RX 350 (red) licence plate Lagos FST 837DD in Akure, Ondo State. Please retweet.” dailyindependentnig.com/2015/04/gunmen-kidnap-university-ado-ekiti-ex-registrar-fapohunda/ 1 Share
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Jokes Etc / Check Out The Name Of This Restaurant by ludamix(m): 5:26pm On Apr 26, 2015 |
Will you eat here?
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Politics / Re: Party Members Escaping From The House Of Assembly During Riot In 1962 by ludamix(m): 5:05pm On Apr 26, 2015 |
Politics / Re: Party Members Escaping From The House Of Assembly During Riot In 1962 by ludamix(m): 5:02pm On Apr 26, 2015 |
Check the similarities to 2014
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Politics / Party Members Escaping From The House Of Assembly During Riot In 1962 by ludamix(m): 5:01pm On Apr 26, 2015 |
History always repeats itself.....Guess the idea of scaling through the gates and walls of the National Assembly didn't start in recent times...The Western House of Assembly members pictured while trying to escape a tear gassed assembly during the 1962 Western Political crisis. The incident which occurred years back draws a "striking resemblance" to the National Assembly invasion which happened last year in Abuja with the only difference being that the lawmakers were trying to get into the tear gassed complex rather than get out.... In 1962, the leader of the Action Group (AG), Chief Obafemi Awolowo accused his deputy, Samuel Ladoke Akintola (Premier of Western Nigeria) of trying to supplant him as Leader of the party.. In May 1962 with the Western House of Assembly set to remove Akintola after the party had earlier passed a vote of no confidence in the premier in a party meeting, crisis erupted on the floor of the house. 1 Share
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Politics / Historical Photos Of Biafran Soldiers At A Military Base Near Owerri by ludamix(m): 4:50pm On Apr 26, 2015 |
Pictured are Biafra "soldiers" undergoing routine drills at a military training camp near Owerri in August 1968 during the Civil War. After the Igbos claimed to have suffered through years of suppression under Nigeria’s military government, the breakaway state of Biafra proclaimed its independence from Nigeria which led to the infamous war between Nigeria and Biafra in July 1967. Photo Credit: AP 24 Likes 6 Shares
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Politics / What Do You Think Is The Reason For Ex IGP Sack? by ludamix(m): 9:29pm On Apr 25, 2015 |
After so much controversies on the reason why Ex IGP Suleiman Abba was sacked, I grew more confused so I decided to seek public opinion to ask well meaning Nigeria what do they think caused it. |
Politics / Nigerian Army Spokesperson Give Cause Of Jos Barrack Bombing by ludamix(m): 5:29pm On Apr 25, 2015 |
The Nigerian Army has confirmed the explosion near its 3rd Armoured Division barracks at Bassa Local Government Area of Plateau State on Saturday. The army said the explosion occurred as troops authorized to destroy some unserviceable ammunition moved it for destruction in a bush. Although the military barracks or neighbouring communities were not affected, the spokesperson for the Nigerian Army, Sani Usman, a colonel said two soldiers died in the accident while one sustained injuries. Mr. Usman also said normalcy has returned to the area. The explosion near the facility occurred at about 9:45 a.m. on Saturday, scaring residents. The state has witnessed a series of deadly bomb attacks in recent months. A blast at a bus station in Jos, late February killed 13 people and injured 14 others. www.premiumtimesng.com/news/top-news/182039-update-unserviceable-ammunition-caused-jos-explosion-army.html |
Crime / Two Nigerian Convicts To Face Firing Squad Abroad On Tuesday by ludamix(m): 5:16pm On Apr 25, 2015 |
Seven of 10 death row convicts placed in isolation cells on Nusakambangan prison Island will be executed on Tuesday, lawyer Utomo Karim said after visiting his client, Nigerian Raheem Agbaje, on Saturday. "Yes, I have received the notification, as has Raheem, that the execution will be held on Tuesday," he said at the Wijaya Pura Pier in Cilacap, Central Java. "All convicts have been placed in isolation cells. In total, there are seven convicts [to be executed on Tuesday]." In total, 10 have been placed in isolation cells: Zainal Abidin (from Indonesia), Serge Atresi Atlaoui (France), Rodrigo Gularte (Brazil), Silvester Obiekwe Nwaolise alias Mustofa and Okwudili Oyatanze (Nigeria), Martin Anderson alias Belo (Ghana), and Andrew Chan and Myuran Sukumaran (Australia) and Mary Jane Veloso (Phillipines), in addition to Raheem. When asked who of the 10 were not scheduled for execution, Utomo said he had not noticed Atlaoui's name on the list. "There are seven names on the list, but I don't remember who they were," he said. www.thejakartapost.com/news/2015/04/25/convicts-face-firing-squad-tuesday-lawyer |
Education / Artist Turns Ford Into Library "Weapon Of Mass Instruction". See Photos by ludamix(m): 4:47pm On Apr 25, 2015 |
The 'Weapon of Mass Instruction' is called a Bookmobile tank which enables the transportation of books. The tank was built by Argentinian artist, Raul Lemesoff, who re-configured an old Ford Falcon to look like a military tank. But instead of carting around ballistics, the tank has built-in shelves that can carry about 900 books. He’s dubbed his creative mobile library as the “weapon of mass instruction.” 1 Like
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Celebrities / Throwback: See Faze And Niyola Before Fame by ludamix(m): 7:23pm On Apr 23, 2015 |
Pictured below are Faze of Plantashun Boiz and Nigerian singer and songwriter, Eniola Akinbo, professionally known by her stage name Niyola, years back when the "things were not equal". Now both have risen to be famous and wealthy https://instagram.com/p/1z57vby3nF/ 6 Likes 2 Shares
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Politics / Throwback: See Traditional Wedding Of Olusegun Obasanjo by ludamix(m): 7:09pm On Apr 23, 2015 |
The day Olusegun Obasanjo said bye bye to bachelorhood; (from left to right) The Late Justice Somolu Chief Judge Western Region, the well groomed Groom in Aso Oke, Olusegun Obasanjo, his beautiful bride, Miss Okanlawon (Mama Iyabo) the Late Chief D.S. Adegbenro (Segun Obasanjo's uncle) father of the groom.
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Car Talk / Re: Photos Of The New LASTMA Cabs Set To Be Launched by ludamix(m): 6:43pm On Apr 23, 2015 |
Photos 3 Likes 1 Share
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Car Talk / Photos Of The New LASTMA Cabs Set To Be Launched by ludamix(m): 6:16pm On Apr 23, 2015 |
Pictured are the new vehicles purchased by the Lagos State Traffic Management Authority (LASTMA) which is set to be launched by the state governor, Gov. Babatunde Fashola. 23 Likes 1 Share
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Politics / Can You Rock This Wear? Caption This Photo by ludamix(m): 6:00pm On Apr 23, 2015 |
The Broom Revolution, a new group or what? Guess with the All Progressives Congress APC at the helm of affairs in the country, the broom is even mightier than the sword. Can you rock this wear?
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Politics / INEC Set To Commence Distribution Of Pvcs by ludamix(m): 5:44pm On Apr 23, 2015 |
The National Independent Electoral Commission INEC has revealed plans to start distribution of Permanent Voter Cards (PVCs) that were not collected by distributed before the general elections. INEC boss, Prof Attahiru Jega made this known this afternoon through his Twitter handle as he posted; Regrettably, INEC were unable to print over 20,000 PVCs before the general elections.INEC is making plans to start distribution of PVCs that were not distributed before the elections.
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Politics / Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by ludamix(m): 11:19am On Apr 23, 2015 |
Who is Allison Madueke deceiving? Which report is she talking about? Is it not the same report dem no release make we see? She no well. I just pity her ajebo body for kuje prison |
Politics / U.S. To Sanction Top Politicians Over Election Incitement, Rigging -see Lists by ludamix(m): 5:55pm On Apr 20, 2015 |
The United States government appears set to sanction a former Niger Delta minister, Godsday Orubebe, and governor of Katsina State, Ibrahim Shema, and other Nigerians accused of either disrupting the just concluded elections, or instigating violence. The U.S. said Monday, that it will impose visa restrictions on any Nigerian found to have incited violence or interfered with the electoral process. The U.S. Assistant Secretary of State for African Affairs, Linda Thomas-Greenfield, said in an op-ed that the U.S. will shut its doors on people involved in any form of violence during the polls. “Anyone found to have incited violence or interfered with electoral processes will be unwelcome in the United States and subject to visa sanctions,” Ms. Thomas- Greenfield said. Although Ms. Thomas- Greenfield did not give names of those considered for sanctions, Mr. Orubebe, appears one of the most likely targets. The former minister openly disrupted the process of collation of the presidential election results in Abuja on March 31, as the event was broadcast live by the international media. Accusing the head of the Independent National Electoral Commission, Attahiru Jega, of bias, Mr. Orubebe for several minutes asked Mr. Jega to stand down before the process could continue. The former minister received worldwide condemnation for his actions, and later apologised. The sanctions may also target Mr. Shema of Katsina state, who was caught on tape prodding his supporters to attack and kill opposition members and their supporters. He described members of the opposition as “cockroaches”. It is however unclear if Mr. Shema’s comments resulted in any specific case of violence. The U.S. may also target the former militant leaders in the Niger Delta who threatened war if President Goodluck Jonathan lost the elections. Several other politicians may also be sanctioned after investigations into dozens of election-related violence are completed. Ms. Thomas-Greenfield said, while the elections were generally without a significant scale of violence, and irregularities in some parts of Nigeria, some people were resolved to undermine the will of Nigerians and interfere with electoral processes, resorting to violence and voter intimidation. She said the U.S. regretted any loss of life and property during the process, adding that violence and rigging was unacceptable in a democratic electoral process. She commended the Independent National Electoral Commission and its chair, Attahiru Jega. She also encouraged Nigeria and other nations to continue to explore the use of relevant technologies in future elections. She said, “Despite some technical glitches, it is clear that technology and use of social media-INEC’s online posting of results for each polling unit, live tweeting of results, the use of biometric permanent voter cards and electronic card readers- improved efficiency and limited fraud.” The US President, Barack Obama, had before Nigeria’s general elections said successful elections and democratic progress will help Nigeria meet the urgent challenges Nigerians face today. Ms. Thomas-Greenfield said, “Now more than ever, it is up to all Nigerians to stay united so that Nigeria can move forward with a clear set of priorities for the future”. She said the U.S. welcomed all commitments made by the outgoing and the incoming presidents towards a peaceful transition process. “This next phase is critical as the world continues its hopeful watch for what happens in Nigeria,” she said. She said the conclusion of a peaceful electoral process in Nigeria will serve as an example to other nation preparing for elections. She said, “Nigerian democracy will be a beacon across the continent and beyond”. Ms. Thomas-Greenfield said the US looked forward to the inauguration of the president elect, Muhammadu Buhari, on May 29 and the beginning of a new chapter of the relationship between the two countries. www.premiumtimesng.com/news/headlines/181762-u-s-likely-to-sanction-orubebe-shema-others-over-election-incitement-rigging 1 Like |
Crime / Xenophobic Attacks: What Do South Africans Really Want? by ludamix(m): 7:26am On Apr 18, 2015 |
This one wey South Africa start so, them no fit finish am o. But they have law enforcement agencies and they are doing nothing about the killing and looting of my brothers in their country. So, I'm asking What do South Africans really want from Us? Because, it seems their President Jacob Zuma is enjoying it |
Satellite TV Technology / Re: Startimes Slashes Bouquet Prices by ludamix(m): 7:23am On Apr 18, 2015 |
This one wey South Africa start so, them no fit finish am o. But they have law enforcement agencies and they are doing nothing about the killing and looting of my brothers in their country 1 Like |
Politics / Zibabwean News: Boko Haram Gives South Africa 24 Hours To Stop Xenophobia by ludamix(m): 8:02pm On Apr 16, 2015 |
Boko Haram has released a tape stating that they are giving South African government 24 hours within which to make the Xenophobic attacks come to an end. Boko Haram gives South Africa 24 hours to stop Xenophobia. If South African government does not contain the situation they will execute all South Africans living in Nigeria, Chad, Niger and other surrounding countries, even the South African Embassies in the African countries. www.thezimbabwean.co/news/africa-news/75573/boko-haram-gives-south-africa |
Politics / Re: Where Is Major Hamza Al-mustapha? by ludamix(m): 5:01pm On Apr 16, 2015 |
That's a question I've been asking people around me but no answer was given to me |
Politics / Re: You Must Run Far From OBJ If You Want To Succeed As President, Owie Tells Buhari by ludamix(m): 8:51am On Apr 16, 2015 |
Story for the gods. No one need his advice, out of OBJ and people like him who surrounded GEJ, who destroyed GEJ's Administration? 7 Likes |
Investment / Lagos Ranked Seventh City Of Opportunity In Africa by ludamix(m): 5:00am On Apr 16, 2015 |
Hinging its position on five indicators observed by investors before investing in an economy, a recent report on ‘Africa’s cities of opportunity’ has ranked Lagos state the seventh city of opportunity in Africa, behind Accra, Ghana. According to the report by PricewaterhouseCoopers, the indicators represent concrete and pragmatic determinants of a city’s social and economic development, Gross Domestic Product (GDP), inequality, middle-class growth, ease of doing business, and foreign direct investment. Specifically, the indicators border on current development or future potential, location, nature of the opportunity, “must- have” or “Knock-out” factors and time scale (time for achieving return on investments). With a score of 321, Lagos ranked 77 in infrastructure, 43 in human capital, 109 in economics and 92 in society and demographics. The report also showed that the ranking of cities in Africa benchmarked against the ranking of countries is markedly different. Indeed, the attractiveness of cities on the continent is sometimes stronger than the country itself and the cities, which are performing well, are those that have succeeded with the challenge of diversifying their economy and creating an ecosystem conducive for the middle class to grow. The top five cities according to the ranking are Cairo, Tunis, Johannesburg, Casablanca and Algiers. The preponderance of North African cities is explained by their longevity, which has allowed for the development of their infrastructure and human capital over time. “The question we asked at the outset of this report was, ‘What makes a city suitable to exploit an opportunity?’ The point, in a nutshell, is that to discover different opportunities, investors often need to look through different lenses: different strategies demand different perspectives. “Africa is at an exceptional historical crossroad. The growing middle class, strong demographic growth with improving age mix, the technological innovation, growing choice of investment partners from the global south and fast-paced urbanisation are shaping what the future of Africa could look like. These trends twinned with the generally accepted economic data that cities are the world’s engines of growth, makes the report not only necessary but extremely timely. “Most of our African Cities of Opportunity are on a path of real achievement, however, and can rise to the highest levels in our rankings with some effort and planning. Many, indeed, have become regional hubs in a variety of areas: Dar es Salaam and Douala as ports (and the latter as a transshipment centre); Accra for telecommunications; Lagos in culture (music, as well as an essential venue for Nollywood); and Nairobi in financial services (along with the more obvious Johannesburg)”, the report stated. Speaking on the report, Chief Executive Officer of PwC Nigeria, Uyi Akpata stated: “In 2030 half of the population will live in cities in Africa where economic activity and growth will be focused and which will become communication centers and hubs for social trends. This presents a major challenge to local authorities, city governments and also for businesses.” Commenting further, Akpata noted that: “Lagos ranked 7th in the overall rankings and was identified as a regional hub for culture especially for music and also as the destination for African Cinema (Nollywood). It was also listed as one of the top 5 cities that are conspicuous sites for investment at the moment along with Dar es Salaam, Lusaka, Nairobi, and Accra. “Lagos equally tied with Accra in 5th place in terms of Economic index which measured such variables as GDP per capita, Rate of real GDP growth, Headquarter of top 500 companies in Africa and Ease of doing business but the infrastructure challenges which for example hinders easy movement and increases journey time in the city was identified as one of its weak points. “Infrastructure and human capital take time to develop but are often critical to success. Cities like Lagos, which are upcoming fast developing opportunity cities, face significant human capital and infrastructure challenges, which limit their economics. “The role of the public sector policy makers (and related development of institutions) in guiding a city is important to the private sector. The building blocks are infrastructure, human capital and also security. Where these are in place, culture and society starts to flourish.” The report also noted the extraordinary opportunities in the short, medium, and longer term and for virtually any kind of economic enterprise on the continent, from commodities to manufacturing to consumer goods to telecommunications and high tech. PwC expects that the consistent growth of Africans cities as a whole over the next decade will not only alter the continent’s socioeconomic landscape but will also permanently alter the rest of the world’s perception of Africa in an historic and transformative way. www.ngrguardiannews.com/2015/04/report-ranks-lagos-seventh-city-of-opportunity-in-africa/ |
Politics / Election Update: Rivers Election Petition Tribunal Relocates To Abuja by ludamix(m): 4:44am On Apr 16, 2015 |
The Rivers Election Petition Tribunal has relocated to Abuja for security reasons. This is contained in a statement made available to the News Agency of Nigeria (NAN) on Wednesday in Abuja. The statement was issued and signed by Mrs Deborah Musa, the Secretary of the tribunal. The statement said that the relocation was approved by the President of the Court of Appeal, Justice Zainab Bulkachuwa. The statement said Justice Ishaq Bello, the acting Chief Judge of the FCT High Court, approved the FCT High Court, Apo, as the secretariat and trial court for the tribunal. www.vanguardngr.com/2015/04/rivers-election-petition-tribunal-relocates-to-abuja/ |
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