Tag: Economy

Nigeria: Stop Trying to Deceive Nigerians – PDP to Osinbajo
Economy, News, Nigeria

Nigeria: Stop Trying to Deceive Nigerians – PDP to Osinbajo

The People's Democratic Party has advised Vice President Osinbajo to stop trying to deceive Nigerians manipulated figures. According to the PDP, this was simply an attempt at covering the woeful performance of the APC led government of President Buhari. The party rather admonished Osinbajo to show Nigerians this administration's score card rather than try to confuse them with bogus figures. In a statement, Kola Ologbondiyan, the party's spokesperson said "the Buhari administration, which crippled our once robust economy, pushed it into recession, turned our nation from a growing economy to a debtor country and world’s poverty capital. "Despite being busted, Osinbajo is labouring to deceive Nigerians by converting domestic borrowings in Naira, under the APC, to US dollars, so that ...
Nigeria: N211 million Worth of Gold Seized at the Airport by the EFCC
Economy, News, Nigeria, Security

Nigeria: N211 million Worth of Gold Seized at the Airport by the EFCC

Gold worth about N211 million was prevented from being transported out of the country illegally by the EFCC at the Murtala Mohammed International Airport, Lagos State. Commenting on the issue, the acting head of EFCC's Media and Publicity, Mr Tony Orilade, said "following intelligence reports, the operatives on November 9, 2018, uncovered the gold weighing about 35kg just at the point of departure of a suspect currently in the EFCC’s custody." According to him, the gold was heading to Dubai when it was intercepted. He noted that the suspect was providing the agency with useful information that will help it get to the bottom of the syndicate behind the operation. He further added "It will be recalled that the EFCC also in March 2017, intercepted bags containing a total of N49 milli...
Nigeria: Reliance On Imported Foreign Food Fuels Hunger, Says FAO
Africa, Agriculture, Economy, Nigeria

Nigeria: Reliance On Imported Foreign Food Fuels Hunger, Says FAO

Nigeria and all the other developing countries of the world will continue to experience hunger if they fail to shift from depending on imported foreign food. This is the underlying conclusion tumbling out of the Food and Agriculture Organisation (FAO) seminar on achieving a world of zero-hunger. Going by what the experts say, making hunger history, will greatly depend on local food systems. Indigenous food systems and indigenous traditional knowledge have survived hundreds and sometimes thousands of years, therefore they may have some of the answers we are looking for, FAO Director-General José Graziano da Silva said on Friday. FAO, an agency of the United Nations, considers indigenous and tribal peoples as fundamental actors in the fight against poverty, hunger and all other form...
Nigeria: Warring Executive, Legislature Close Ranks To Combat Natural Resources Theft In Nigeria
Economy, News, Nigeria

Nigeria: Warring Executive, Legislature Close Ranks To Combat Natural Resources Theft In Nigeria

Despite the festering cold war between the Executive and the Legislative arms of the Nigerian government, the two organs of governance appear to be finding a common ground to rally together once more. The menace of piracy and theft of natural resources in the country’s territorial waters is bringing them together. Speaker of the House of Representatives, Yakubu Dogara, said in Abuja, Nigeria’s capital city on Tuesday that the bicameral National Assembly will collaborate with the Executive to make new laws and strengthen existing ones in order to smash incidences of piracy and theft of natural resources in Nigeria’s territorial waters. Dogara, a stalwart of the opposition Peoples Democratic Party (PDP) made this cherry deal public while speaking to a delegation from the Nigerian Ma...
Nigeria: Buhari Replaces Adeosun with a Northerner
Economy, News, Nigeria

Nigeria: Buhari Replaces Adeosun with a Northerner

Following the resignation of Nigeria's Finance Minister, Kemi Adeosun over the forgery of her NYSC exemption certificate, Buhari has replaced her with a Northerner, Mrs Zainab Shamshuna Ahmed. Read Also: Breaking News: Nigeria’s Finance Minister, Kemi Adeosun Resigns This is coming a few days after he replaced Matthew Seiyefa, a Southerner as the acting DSS boss  with Yusuf Magaji Bichi, a Northerner who had to be recalled from retirement to fill the position. Read Also: Breaking News: Buhari Appoints Another Northerner to Head the DSS Prior to becoming the new Finance Minister, Zainab Shamshuna Ahmed was the Minister of State for Budget and National Planning. She has held several positions including Deputy General Manager in charge of Corporate Treasury, Chief Finance Officer ...
Nigeria: Abuja Bound Train Crushes 52 Cows in Kaduna
Agriculture, Economy, Fulani Herdsmen, News, Nigeria, Security

Nigeria: Abuja Bound Train Crushes 52 Cows in Kaduna

The Kaduna state commissioner of police sunday confirmed that 52 cows were crushed to death by an kaduna-Abuja bound train. Addressing a press conference in Kaduna, police Commissioner Ahmad Abdurahaman said the incidence happened in Kasarami in Kagarko local government of the state. According to him, the command received a distress call of the accident and he personally led principal staff of the Command to the spot. “When we got to the spot we found out that contrary to earlier calls of insurgents attack, what actually happened was an accident involving cows. The Fulani Herdsmen who passed the night at kasarami asked if they could cross over with their cattle and were misinformed that there was no rail services on Sunday. “It was when they were half way that a fast moving tra...
Nigeria: God Has Used Buhari and Some of Us to Make Nigeria Work – Ngige
Economy, News, Nigeria

Nigeria: God Has Used Buhari and Some of Us to Make Nigeria Work – Ngige

The Minister of Labour and Employment, Dr Chris Ngige on Sunday said Nigeria would have been in ruins if President Muhammadu Buhari was not elected to pilot the affairs of the country in 2015. Ngige who spoke with journalists in Onitsha, Anambra State, said the All Progressives Congress met the country in tatters when it took over from the Peoples Democratic Party about three years ago. He expressed surprised that Nigerians were not “clapping” for Buhari for reviving the economy of the country from what he called a state of comatose. Reminded that the general feeling was that Buhari had failed in areas of security and economy, Ngige said “Don’t just talk about that. We are wonderful with the economy; nobody, I mean no person would have done better than this present government in t...
Africa: Africans Deserve to Know Details of Deals their Leaders Sign with China
Africa, Economy, Nigeria

Africa: Africans Deserve to Know Details of Deals their Leaders Sign with China

China's footprints are all over the African continent, signing deals with many countries. However, the finer details of China-Africa loans are often kept secret. There are concerns that African countries are mortgaging their natural resources as collateral for the loans. The China-Africa deals ought to be transparent, and the public has the right to scrutinise the agreements. The news of China taking over Sri Lanka’s port and 15000 hectares of land on a 99 year lease recently raised questions and debate on the African continent about the kind of agreements African presidents are signing with China. The deal which has raised eyebrows was signed between two state firms, Sri Lanka Ports Authority (SLPA) and China Merchants Port Holdings. The South African parliament, led by the minority...
Opinion: Chris Ngige Fights for Oppressive Multinational ExxonMobil Instead of Oppressed Nigerians Workers Femi Aribisala.
Economy, Justice, News, Nigeria

Opinion: Chris Ngige Fights for Oppressive Multinational ExxonMobil Instead of Oppressed Nigerians Workers Femi Aribisala.

The message Chris Ngige delivered to ExxonMobil loud and clear is that it does not have to be subject to Nigerian laws. It can operate here in Nigeria as a law unto itself. Last week, I complained that 860 Nigerian workers at ExxonMobil (Nigeria) are being treated like orphans in Nigeria; their home-country. They have fought this injustice with fortitude and resilience in the courts for 18 long years, during which 171 of them have died along the way (one more since last week). In court, ExxonMobil denied that the workers are its employees. It claimed instead that they are “SPY Police” in the attempt to circumvent its lawful commitments to them. The Nigerian workers, on the other hand, maintained they are directly employed by ExxonMobil and, therefore, should be treated as ExxonMobil ...
Opinion: ExxonMobil Should Not be Allowed to Show Contempt for the Supreme Court of Nigeria – Femi Aribisala
Economy, Environment, Judiciary, News, Nigeria

Opinion: ExxonMobil Should Not be Allowed to Show Contempt for the Supreme Court of Nigeria – Femi Aribisala

To Chris Ngige, Minister of Labour and Productivity. EXXONMOBIL Should Not be Allowed to Show Contempt for the Supreme Court of Nigeria!! The message must be sent to ExxonMobil loud and clear that, as long as it is operating within the sovereignty of the Federal Republic of Nigeria, it must be subject to Nigerian laws. If you were to visit the Lagos headquarters of ExxonMobil (Nigeria) in Victoria Island, Lagos today, you would immediately notice that something strange is going on. You will find a number of people camped outside the building; sometimes chanting, sometimes dancing, sometimes shouting slogans. They are there 24/7; day and night. Surely, this is anomalous to the activities of an international oil company. You will also notice that there are placards hanging everywher...