₦airaland Forum

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The chairman of the West African bloc ECOWAS said a surge of coups since a military government took power in Mali in 2020 must be contained before it devastates the whole region.

At the opening of a second ECOWAS summit on dealing with the January coup in Burkina Faso, chairman and president of Ghana Nana Akufo-Addo said the resurgence of coups in West Africa is worrying and must be stopped.

"It's with a heavy heart that I welcome all of you today back to Accra after our virtual meeting last week," Akufo-Addo said. "Your presence here is a strong indication of your willingness to find a sustainable solution to the resurgence of the cancer in our region. Let us address this dangerous trend collectively and decisively before it devastates the whole region."

West Africa in the past year has seen a series of coups and attempted coups in Burkina Faso, Chad, Guinea and Guinea-Bissau.

The Economic Community of West African States suspended Burkina Faso, Guinea and Mali from the 15-member bloc and imposed sanctions on Guinea and Mali after military takeovers. The African Union also suspended the three countries.

But analysts question if the sanctions are effective when the coups are being driven by popular concerns about security and the fight against Islamist militant groups linked to Islamic State and al-Qaida.

Dean of the Ghana Armed Forces Command and Staff College Vladimir Antwi-Danso told VOA that ECOWAS must be more proactive in helping member-states deal with insecurity.

"The 21st century is a century of terrorism," he said. "It's festering. And that is what we should be thinking about rather than the AU and ECOWAS being seen condemning coups and closing borders. What are we talking about? Let's be serious."

Former director of the U.N. Economic Commission for Africa Takyiwaa Manuh was more critical of the African groups of nations. Speaking on Ghana's Asaase Radio, he said ECOWAS and the AU had failed to condemn elected leaders who change the law to extend their rule.

"When somebody changes the rules and runs for a third term we didn't hear ECOWAS condemning that. Why did ECOWAS not condemn that? Why did the Africa Union not condemn that? Right now, everybody is laughing, when ECOWAS imposes sanctions is like 'There you go again, where were you when this was happening?' And what it does is that it eats into the credibility of ECOWAS and the African Union," Manuh said.

Regardless of the causes behind the coups, analysts say the military takeovers will scare investors away from West Africa.

Daniel Amateye Anim, an economist at the Ghana-based Policy Initiative for Economic Development, told VOA the culture of coups could have dire economic consequences if foreign direct investments, or FDIs, dry up.

"Investors may be deterred from bringing in investment into the region because the region will be considered no longer safe for investors," he said. "Those who are already on the ground may be thinking of redirecting their investment into other economies where those places could be considered safe. And once FDIs are not coming into the equation what it means is that it may affect the overall GDP growth of the economies in the sub-region."

Meanwhile, West African leaders must decide how best to discourage more coups and get militaries to return to the barracks while countries are dealing with growing insecurity.

https://www.voanews.com/a/west-african-bloc-coup-contagion-must-be-contained-before-region-devastated/6425275.html

https://gdb.voanews.com/c2960000-0aff-0242-bb4f-08d9e741d611_w1023_r1_s.jpg

Who fck up?

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Nigerians needs steady distractions from everyday realities...........

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....otherwise there would be a revolution!

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A professor of Virology, Oyewale Tomori has said Nigeria is now depending on international agencies such as International Monetary Fund (IMF) and World Bank to pay workers salaries.

Tomori spoke on Thursday while delivering a lecture on the topic “Science, Scientist and Society” at the 79th Interdisciplinary Research Discourse of the Postgraduate College, University of Ibadan.

Professor Tomori who is a member of the World Health Organisation Technical Advisory Group on COVID-19 vaccine composition, also disclosed that Nigeria has become a beggar for COVID-19 vaccines.

He regretted that the country has failed to consistently invest in education, science and technology despite the vast number of natural resources.

He said while other countries are enjoying a return on investments, Nigeria is reaping a return on iniquity and immorality.

He said this is the main reason the country depends on loans from international donor agencies such as IMF and World Bank to pay salaries of workers.

The University Don lamented that the current democratic system in the country is full of corruption and immorality.

“While other countries are getting sumptuous results on their investments, we are wallowing in our own return on iniquity and on return on immorality.

“That is why we have 10.5 million of our children out of school, 4.5 million under-vaccinated, we become the poverty capital of the world.

“We are investing hugely in corruption and disdain for science and technology.

“And we now depend on IMF loans and world bank to pay our workers’ salaries, to import food which we should be producing.”

https://dailypost.ng/2022/02/03/nigeria-now-depends-on-imf-world-bank-to-pay-salaries-of-workers-prof-tomori/

kingjiss:
Poor people hate


Lol

Poor people like fake!

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fake population.....

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Chinko full the place....

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Foolish nigga's.......

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CHIMAOBICCU:
Pls nairaland I have the intention of being a wicked man but I, don't know how to be,
Can anyone give me tips on how to be a wicked man thanks.

Find a Wike'd mentor....

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.....cash for trash!

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A vibrant political group in Ekiti State operating under the banner Ekiti Progressive Front (EPF) has saluted the contributions of the Chairman, Ekiti State Board of Internal Revenue Service, Mr Muyiwa Eleazar Ogunmilade to the economic developement of the state.

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The group stated that a man with these intimidating credentials would do Ekiti proud if elevated to a more sophisticated position where he would display his mettle as a man of substance and intellectual prowess.

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So they're planting land mines?

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Waste of cement.....

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Benue farmers......

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.....cashing out!

The Central Bank of Nigeria, CBN has secured the help of Nigeria Security and Civil Defence Corps (NSCDC) Anti Corruption and Transparency Unit to help recover N296.6 million from farmers in Benue State.

Speaking during a meeting with members of Rice Farmers Association of Nigeria (RIFAN) that received CBN 2018/19 Wet Season Farming loan on Wednesday, the state commandant of the NSCDC, Mr Philip Okohin the farmers should pay back without further delay or face the wrath of the law.

The meeting was also attended by the state RIFAN executives and representatives of some commercial banks.

Okoh disclosed that a loan of N301.8 million was disbursed by the CBN to Benue Rice Farmers through RIFAN but only N5.1 million has so far been repaid, leaving a balance of N296.6 million.

He disclosed further that most of the beneficiaries of the loan were not paying back because of the viral misconception that the loan was COVID-19 free loan not to be paid back.

“We are here to inform the public that the loan is not free but a rotatory loan which must be paid back.

“Beneficiaries are not paying back and that’s why the bank cried out to NSCDC to help; if nothing is done to ensure the recovery of this loan, it will threaten the food production of the state and exponentially reduce the status of Benue as the food basket of the nation,” Okoh said.

The commandant also warned council chairmen as well as RIFAN executives at the local government levels who had collected a repayment of such loans from farmers but refused to refund such monies to the bank, insisting that those loans must be repaid.

He gave a grace period of March ending for all defaulters to pay back, warning that at the expiration of the grace period, anyone who refused to pay would be dealt with accordingly.

The state Chairman of RIFAN, Mr Fidelis Akosu, who explained that the association secured loan for 2,264 farmers, said that less than one per cent of those who got the loan had paid back.

“When the loan came, people thought it was not a repayable loan and so they collected for their wives and children and now, it is difficult for them to repay the loan,” Akosu said.

He disclosed that even some members of executives who bought into the misconception collected the loans for themselves, their wives and children and have yet to begin a process of repayment of the loan.

Also speaking, a representative of the CBN, Mr Usman Abraham, noted that the loan given to RIFAN was to ensure food security in the country and to empower small holder farmers.

Abraham said that the programme had, over the years, succeeded in Bauchi State, Jigawa, Yobe, Gombe State, Kebbi and FCT, among others.

He wondered why the Benue farmers who got the loan could not pay back as expected, urging all those who got the loans and had yet to repay to do so to pave ways for others to benefit from the scheme.

“From the figures available to CBN in terms of repayment of these loans, Benue is termed to be a bad state when it comes to loan repayment and if this trend is not curbed, over time, the CBN will have no other choice than to stop giving such loans to Benue farmers”, he said.

While thanking those beneficiaries who had paid back the loan, Abraham commended the NSCDC for its involvement in ensuring that efforts were made to ensure that defaulters pay back the loans.

Responding on behalf of RIFAN local government areas chairmen, Mr John Adeka, promised to take the message back home and sensitise farmers to ensure that those who took the loans pay back.(NAN) (www.nannews.ng)

https://pmnewsnigeria.com/2022/02/02/n296m-loan-cbn-sends-civil-defence-after-benue-rice-farmers/

https://cdn.pmnewsnigeria.com/2021/03/Ahmed-Abubakar-Audi.jpg

Nosayer:
....is made up of a cursed people. I believe you count yourself as a cursed person?

Wetin be your own?

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Cursed nation....

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To hell with naijeria!

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Failed state....

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He is not well....

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inoki247:
Goan arrest dem nd lock dem up for forgery...

I think it is blank letterheads they stole.....

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