₦airaland Forum

Dangote Industries Limited has resolved to borrow N112 billion from investors to complete its refinery project.

The company requires an additional $1.1 billion to be partly funded by the new bond this year to complete the project.

The N112 billion is the balance of the N300 billion bond raised by DIL in July last year.

Proceeds from the bond will be used to part-finance the refinery project which is scheduled to begin operations in the first half of 2023.

In a note to investors seen by Ripples Nigeria on Tuesday, Afrinvest West Africa Limited, the joint issuing house, said the latest N112,415,455,000 bond with a 10 years tenor would be open to the public in the next few days.

The Managing Director of Afrininvest Research and Consulting Limited, Abiodun Keripe, said the deal comprised two tranches of seven and 10 years tenors.

“Each tranche priced at the ‘higher range of the initial price guidance, of 12.25 percent to 12.75 percent and 13.00 percent to 13.50 percent for each tranche respectively,” he added.

The bond was oversubscribed with N10 billion demand for the seven-year tranche and N176 billion for the 10-year offering.

Although the Dangote refinery is yet to commence operations, the $2.5 billion petrochemical plant has been operational since March 22.


https://www.ripplesnigeria.com/dangote-to-borrow-n112bn-for-completion-of-refinery-project/

No light for alarm sef.......

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We are doomed....

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The federal government has assured Nigerians of safety and security for everyone in the country.

The Minister of Information and Culture, Alhaji Lie Mohammed, gave the assurance in Abuja during a ministerial session at the ongoing UNESCO Global Media and Information Literacy Week.

The government’s assurance is sequel to a security alert issued Sunday by the Embassy of the United States in Abuja.

The Embassy of the United States had said that there was an elevated risk of terror attacks in Nigeria, specifically in Abuja.

The Embassy of the United States also said targets may include but are not limited to, government buildings, places of worship, schools, markets, shopping malls, hotels, bars, restaurants, athletic gatherings, transport terminals, law enforcement facilities, and international organizations.

Mohammed however said that Nigeria’s security forces are doing everything possible to secure and protect Nigerians and foreigners living in the country.

Mohammed also said the military and other security forces have been very proactive in tackling security issues.

“I can assure all that our military and other security agencies have continued to do everything possible to secure and protect Nigerians and foreigners living in Nigeria.

“Terrorists have been hard hit and put on the run. Bandits have been decimated and scattered. Our country is safer today than at any time in recent times, thanks to the sacrifice of our men and women in uniform,” Mohammed said.

Mohammed also said while the government did not discountenance the fact that terrorists, bandits and their kind would always want to do whatever it takes to disrupt the nation’s peace, security and stability, Nigeria’s security forces are up to the task of protecting citizens and non-citizens alike.

“Nigerians too should continue to be alert, but must not panic. Like I said in a recent statement, as far as insecurity is concerned, the worst is over for Nigeria,” Mohammed also said.

Focusing on the topic: “National Media and Information Literacy Frameworks, Sustaining Beyond Disinformation,” the Minister said the threat of disinformation to national and global peace and stability is glaring, as it undermines the trust of citizens in the system.

He added that some media outlets and social media personalities are usually caught spreading unverified information on their platforms just for clickbait and the attendant monetary gain.

“Talking of clickbait, this may be what informed the spread of the supposed security alert issued recently by some foreign embassies in Nigeria. One would imagine that if indeed this kind of security alert was issued, it was for the attention of citizens of the issuing countries in Nigeria. Suddenly, this alert found its way into the media, both new and traditional, thus creating panic in the polity.

“Schools were shut. Businesses were closed. Travel plans were altered. Lives were disrupted. No one cared to find out about the authenticity of these alerts. They just published, got the benefit of massive clickbait and damned the consequences,” Mohammed stated.

Mohammed also said the deliberate spread of fake news has become more prevalent with the ease in access to connectivity over the digital space since there is available and affordable technology/software that can be used to distort digital content (audio, visual and images) such as photoshop, deep fake and voiceover software, which are readily available as open source/free or paid apps on the Internet.

He however said there is a ray of hope as the tech companies are increasingly involved in the development and deployment of technology to checkmate the spread of disinformation over their platforms, in addition to the availability of technology through text and reverse image search engines to decipher and verify such contents.


https://punchng.com/no-cause-for-alarm-over-security-threats-lai-mohammed/

https://cdn.punchng.com/wp-content/uploads/2021/05/27132517/Lai-Mohammed-new.jpg

Planting indian juju to block Boris Johnson...

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2050?

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Sai Buhari.....

A Non-Governmental Organization Nextier, has predicted that if business continues as usual, Nigeria will fail to achieve its development goals and the nation’s socio-economic conditions could further degenerate.

According to the prediction, Nigeria probably has the highest number of poor people globally and remain the “global poverty capital in 2050,”

Nextier in partnership with the International Institute for Security Studies (ISS) held a two-day development discourse titled “Nigeria in 2050: Major Player in Global Economy or Poverty Capital,” recently sponsored by the Canadian Fund for local initiatives.

Using the International Futures Modelling Platform, the report’s authors, Yeboua Kouassi and Jackie Cillers, modelled what Nigeria would look like in 2050, given her current policy and environmental conditions.

However, the report discussed an integrated set of interventions across different sectors that could propel Nigeria to prosperity.

The discourse was held in two formats: a public webinar and a high-level policy round table. At both events, senior officials from the government, academia, private sector and international development organisations explored policy interventions to address Nigeria’s socio-economic and political challenges.

Participants deliberated on why Nigeria has failed to implement development plans successfully and to achieve sustained impact.

They explored choices and practical interventions that the current and incoming government must employ to reverse Nigeria’s downward trajectory and shape a better future.

Speaking at the round table event, the Canadian high commissioner, James Christoff, expressed optimism that Nigeria could make progress given the drive and talent of Nigeria’s young population.

He reiterated Canada’s commitment to supporting Nigeria towards achieving its development goals.

The Nigeria in 2050 report identified that Nigeria has made some socio-economic progress but still faces severe social, economic and security challenges, adding that the nation has one of the highest poverty rates in the world, given that more than eighty million Nigerians live in extreme poverty.

The group further noted that Nigeria fared poorly on health, nutrition and education indices, as shown by its low ranking of 161 out of 189 countries on the United Nations Human Development Index.

The region faces increasing instability from security challenges such as the high occurrences of banditry, kidnapping, farmer-herder crises, communal clashes and terrorism, he said.

The authors identified Nigeria’s leadership failure, weak institutions and policy missteps as one of the reasons for Nigeria’s inability to achieve its potential. With a score of 1.5 out of a maximum of 5 in 2019, Nigeria’s low government effectiveness reflects its high corruption level, low resource mobilisation, inefficiency in spending, poor service delivery and a weak social contract between the government and the people.

Other factors identified by the report include a rapidly growing population, low human capital arising from the weak health and education system, deplorable infrastructure, insecurity, undiversified export, inadequate investments in the agricultural sector, the macroeconomic instability, and an unstable business environment

The Nigeria in 2050 report showed that projecting from current policies and environmental conditions, if bold and transformative actions are not taken, Nigeria will continue to lag in various economic and human development indicators. For instance, Nigeria will likely have the highest number of poor people globally by 2050, with more than 100 million people.

Pathway to the Desired Nigeria in 2050
The Imagine Nigeria report paints a great picture of Nigeria we want by 2050. The African Giant Awakes Scenario models a renewed Nigeria that harnesses its latent, untapped strengths and opportunities.

The report describes a reinforcing pathway towards the envisioned future that revolves around solving entrenched problems, catalysing environmental innovation, creating economic opportunity, and a strong leadership and governance system. Nigeria in 2050 report and participants at the policy discourses highlighted the following sets of choices and actions that must be taken to create Nigeria

Nigeria Must Strengthen its Governance System: The report authors and event participants discussed the need for visionary and effective leadership as a significant factor in achieving a prosperous Nigeria.

In addition, they emphasised the importance of strengthening not just the federal government but the state and local government. According to them, governance at the sub-federal tiers is often neglected despite the central role they play in implementing policy. Also, deemphasising the federal position would make it less attractive, encouraging genuine political contests and propelling good leadership.

Civil Service Reforms is Essential to Effective Service Delivery: Event participants bemoaned Nigeria’s unresponsive civil service system. They explained that Nigeria must create a more accountable and transparent recruitment process in the civil service because unqualified civil servants hinder effective service delivery. Furthermore, they encouraged the need for Nigerians to have a paradigm shift and adjust the damaging mentality of choosing ethnic and religious representation over merit.

Nigeria’s Elite Must Reach a Consensus to Invest in Development: Participants at the event discussed the need for Nigeria’s elite to gambling on Nigeria’s development. In addition, religious and ethnic organisations and civil society organisations must utilise their influence to get the government’s attention, engage the government in meaningful conversations and hold the government accountable for their actions.

Nigeria’s Government Must Invest in its Human Capital: Nigeria must invest in human capital to harness the potential of its burgeoning young population. Investing in human capital involves investing in better education systems. Such a system involves extending beyond literacy goals to a focus on skills acquisition and real-world experiences to develop a competitive workforce that can harness opportunities in the country and compete effectively in the global economy.

Investing in education also leads to well-informed citizens who can think for themselves and not be manipulated during elections. High illiteracy and poverty levels leave people vulnerable to manipulation during elections and decision-making. Investing in human capital also involves strengthening the health system. Nigeria must improve its health system to provide quality and affordable health care because robust health is the foundation for individuals to lead productive and fulfilling lives.

Nigeria’s Government Must Build Resilient Economic Structures: Participants discussed the need for Nigeria to have a strong economic structure that makes the economy less vulnerable to changes in the world’s market. For instance, Nigeria’s past economic recession was due to shocks in oil prices.

Participants encouraged the need to create a diversified economy primarily through investment in Agriculture.
Furthermore, participants urged the need to invest in new sectors and industries such as technology and entertainment industries. Diversification of Nigeria’s economy is essential, especially with the rapid changing world. Diversification will also reduce import concentration and lead to human capital development.

Other event participants’ suggestions include designing an incentive system to combat corruption and drive development, consistency in data used for measurement of development indices, and improving the business climate, addressing the infrastructure gap and security challenges.

The Nextier Development Discourse is an initiative by Nextier to catalyse public debate and synthesise action points on pressing development challenges in the continent.

https://www.vanguardngr.com/2022/10/nigeria-may-remain-poverty-capital-till-2050-experts-warn/

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“I’m 43% Nigerian”: Duchess of Sussex Meghan Markle Stirs Reactions, Opens Up on Exciting Next Line of Action

The Duchess of Sussex, Meghan Markle, has dropped a new revelation about her genealogy, and it is exciting news for Nigerians Markle, in a statement, revealed she is 43 per cent Nigerian while announcing her next plan of action

The announcement has stirred reactions in the Nigerian social media space, with many expressing their willingness to receive the Duchess with open arms

The Duchess of Sussex, Meghan Markle, is making headlines after she revealed that she is 43% Nigerian, an announcement that has been met with jubilation and applause from many Nigerians.

Meghan made this revelation public during the latest episode of her podcast, Archetypes, via the Mirror UK during a conversation with Senegalese-American actress and comedian Issa Rae, Nigerian-American comedian and writer Ziwe Fumudoh, and Professor Emily Bernards.

Meghan Markle says she will be digging deeper into her genealogy. According to the Duchess, she took a genealogy test and discovered she is 43% Nigerian. "I just had my genealogy done a couple years ago. I'm 43% Nigerian" Meghan announced proudly.

Ziwe, a Nigerian-American, who was shocked by the revelation, asked: "Are you serious? This is huge. Igbo, Yoruba, do we know?" Duchess of Sussex reveals her next line of actions Meghan revealed she would take further steps into discovering more about her genealogy. She told her listeners:

"I'm going to start to dig deeper into all of this because anyone that I've told, especially Nigerian women, are just like, what?"

https://www.legit.ng/entertainment/celebrities/1499947-im-43-nigerian-duchess-sussex-meghan-markle-stirs-reactions-opens-exciting-line-action/

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Half portion of 'Agbado'....

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The one wey resemble 'count dracula'

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.......O Ga Di 'bloody'



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APC = PDP = APC = PDP.........

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Tyrant......just imagine Wike as a vice?

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He go catch aids this year,,,,

Na Kwasi cause this debacle......

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Prevention Plan?

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A.nother

P.athetic

C.ircumstance

If this is guaranteed........Igbo's go vote 'Jagaban'!

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The Governor of Edo State, Godwin Obaseki, has advised Nigerians to vote for the candidate of the Peoples Democratic Party, PDP, Alhaji Atiku Abubakar come 2023 presidential election.

Obaseki disclosed this at the inauguration of the Edo State Peoples Democratic Party’s Campaign Council in the state.

He emphatically noted that Nigeria would break up if the candidate of the All Progressive Congress, APC, Bola Ahmed Tinubu, wins the election.

Why giving reasons Nigerians should vote for his party candidate, Obaseki said that APC has plunged Nigeria to debt.

He stated that Nigeria’s debt is going to about sixty trillion, (60 trillion). He warned that Nigerians should not make the mistake of voting Tinubu, noting that APC has destroyed the country.

His words: “I believe that this will be an easy election for us if we campaign right, because honestly, our heads should be examined as citizens of Nigeria if we contemplate voting for a government like APC.

“In fact like I said, God forbid APC comes into power, this country will break up. This country will fail. It has already failed because nobody has done the kind of damage the APC government has done to this country. I don’t know how we will recover. For us my heart is beating by the time Atiku gets in, we will not be able to sleep day and night.

“As I speak to you today, the debt of Nigeria is going to 60 trillion. When are we going to get out of it? Every day, every month they are printing. When I spoke more than a year ago, I did not know it was as bad as this.

“What they have done, what will happen to the naira, only God will help us. They have destroyed the bases of this country…

“They have threatened the existence of this country. And by the grace of God our candidate will win. We will bring back Nigeria, unify this country, we will reduce the differences we have.

“And we will begin to build our country to what God said it should be. This election is also very important for us in government, we cannot be in opposition again.”

https://www.vanguardngr.com/2022/10/nigeria-will-break-up-if-apc-wins-obaseki/

He's white inside....

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What fool would buy Nigeria?

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Upon all Soludo's destructions.......?

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BoJo don acquire too many enemies......

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My own is 'Ewu'....

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Crack down on Agberoism.....

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Agbero's marching for Agbado............

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