Archive for nigeriang

Top economy not achievable by 2020

Top economy not achievable by 2020

The
ambitious target to be among the top 20 economies by the year 2020 may
be farfetched after all, as Nigeria’s current growth trajectory does
not support such climb. World Bank country director for Nigeria, Onno
Ruhl, said Nigeria’s current gross domestic product growth of around
seven percent is not enough to achieve that feat.

“Vision
2020 is not about if it can be achieved by 2020, because any economist
will tell you at this point that would take you about 15 percent growth
every year and that has not happened in the history of mankind anyway.”

Do things differently

He
said instead of striving to be among the top 20 economies within the
time frame, the country should begin to do things differently in order
to grow the economy. “The point is, Nigeria should be among the 20
largest economies. Whether it is 2023 or 2024, it doesn’t matter. What
matters is that Nigeria should be ambitious and not accept second best.
Nigeria should aspire to be the best in everything it does on the
continent. That is the destiny of the largest country on the continent
as far as I can see.”

The
federal government in 2008, launched the Vision 2020 with a mandate
that “by 2020, Nigeria will be one of the 20 largest economies in the
world, able to consolidate its leadership role in Africa and establish
itself as a significant player in the global economic and political
arena.”

Implementing plans and visions

Mr
Ruhl said rather than discussing why Nigeria has not succeeded, the
emphasis should be on what the country needs to do in order to be where
it belongs.

“The
best example is China which achieved ten percent growth consistently
for 30 years. There is no reason Nigeria cannot achieve that and if it
does, it would be a different country very quickly and a much better
country by the year 2020.”

He
said the major challenge facing the country was implementing the plans
and visions that have been drawn over the years. “There is nobody that
does not know how to solve the power problems in Nigeria. It is not
rocket science. The issue is how we are going to do what needs to be
done.”

The
major focus of implementation of the vision include agriculture and
food security, business environment and competitiveness, corporate
governance, culture, tourism and national re-orientation, education,
employment, energy, health, housing, human development, information and
communications technology, judiciary and the rule of law and
manufacturing, among other.

Mr Ruhl said within the next few years, Nigeria will grow to be the
largest economy in Africa and must begin to position for that role.

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Agriculture scheme gets N133b in two years

Agriculture scheme gets N133b in two years

A total of N133.11
billion has been disbursed under the N200 billion Commercial
Agriculture Credit Scheme as at April, 2010 to 139 beneficiaries across
the country. The beneficiaries include 115 individuals/private
promoters and 24 state governments. The federal government in 2009
launched the scheme to intervene in the agriculture sector which
currently contributes over 40 per cent to the country’s gross domestic
product (GDP).

Under the scheme,
which is funded from the proceeds of the N200 billion bond raised by
the Debt Management Office, participating banks can access for onward
lending to their customers while state governments and Abuja could also
borrow for on-lending to farmers in their domain.

The participating
states have accessed N1 billion each for lending to farmers. According
to data posted on the website of the Central Bank of Nigeria, the
states are Adamawa, Anambra, Bauchi, Enugu, Gombe, Kebbi, Kogi, Imo,
Kwara, Nasarawa, Niger, Ondo, Sokoto, Taraba Zamfara, Akwa Ibom,
Rivers, Plateau, Edo, Kano, Benue, Bayelsa, Ogun and the Federal
Capital Territory – Abuja.

The funds are
disbursed through participating banks. The 13 banks participating in
the scheme are Access Bank, Fidelity Bank, First Bank, Guaranty Trust
Bank, Oceanic Bank, Skye, Stanbic IBTC, Union Bank, UBA, Unity Bank and
Zenith Bank. UBA has made the highest disbursement of N37.46 billion to
36 projects followed by Union Bank with N16.15 billion to 18 projects.
Zenith bank disbursed N13.84 billion to 10 projects while First Bank
disbursed N11.92 to 29 projects.

The Central Bank
stated that for failure to abide by guidelines, the regulator withdrew
fund from five banks with respect to 22 projects. The banks are UBA
N12.053 billion, Guarantee Trust Bank N581 million, Skye Bank N2
billion, First Bank N1.6 billion and Union Bank N2.166 billion.

Fast track development

The scheme was
meant to provide cheap funds to fast track development of the
agricultural sector, enhance national food security by increasing food
supply, reduce the cost of credit in agricultural production and
generate employment in the sector.

According to the
Central Bank, the key agricultural commodities to be covered under the
scheme are cultivation of target crops (rice, cassava, cotton, oil
palm, wheat, rubber, sugar cane, fruits and vegetable), Livestock
(dairy, poultry, and piggery), and fisheries.

Agriculture potential

The Managing
director of the World Bank, Ngozi Okonjo-Iweala stated recently that
African countries need to improve on agriculture potentials in order to
boost its growth trajectory and reduce poverty. “I think African
countries really have to sustain their efforts to use agriculture funds
to ensure food security,” she said.

According to her,
Nigeria needs “to think of agriculture in a modern way,” since,
according to her, it is a sector that can provide so much employment.

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FINANCIAL MATTERS: The choices before our new democracy

FINANCIAL MATTERS: The choices before our new democracy

I readily confess
to a fascination with the “theory of unintended consequences”. But, a
small clarification before anything further is written. My interest is
not in the certainty that everything that may go wrong about a policy
choice/decision is bound to. Confronted by almost six decades of inept
and often cynical management of this economy, it is to be expected that
we have come to associate “unintended consequences” with “negative
outcomes”.

In truth, put this
way, my central narrative is but a variant of Murphy’s Law. Instead, my
enthralment is with the benefits, losses, or wrong signals arising from
a particular action, but which were not conceived of in or intended as
part of the original action plan.

Newspaper headlines
on workers’ day, May 1, were all of one flavour. In their addresses to
the different labour rallies, state governors all pledged to implement
the new minimum wage. Not too long ago, the same persons had argued
that their state government budgets could not bear the extra financial
burden from paying the new minimum wage. What had changed since then? I
could think of only one proximate explanation: the events of late
April, this year.

On balance, the
last polls in the country appear to have moved the social engagement
envelope several notches up. The “voice” of the people was heard loud
and clear, amidst the din of many a strong man’s battered ego. That was
the intended consequence of the clamour over the years for a democracy
in which every vote is counted, and every vote counts.

To the extent that
it acts as counter-weight to the dominant culture of impunity that has
come to define our polity, a representative democracy ought to improve
both the collective capacity to choose, and the different cabinet’s
will to execute.

Perverse results

However, to the
extent that politicians interpret “re-election” as the main challenge
of a democracy, then even the best voting process could have perverse
results. One such result is the rise of populist politics. Because the
masses may now have the power of the vote, what is to stop unscrupulous
politicians from pandering to its basest instincts? To take but a few
examples, a thin line separates the need for higher taxes on the
affluent in aid of society’s redistribution responsibilities from a
restraint on commerce as part of an ill-advised process of
democratising poverty; a no less blurred space sits between the need to
protect employment for locals and xenophobia.

A less than honest
treatment of the policy choices at the heart of these two examples
could lead politicians in a race to the bottom of the dump yard; more
so in a democracy where people have only just begun to savour the power
that rightfully belongs to them. Our best bet is a lot more conviction
at the top. For leadership is not solely about bending resources and
capacity to the discharge of the popular will. It is more about shaping
the choice space. Agreeing a desired destination, and selling this to
the electorate. It is, in this very narrow sense, a question ultimately
of shaping the popular will. Of leading it down paths where only
visionaries have travelled previously.

Again as between a
visionary leader and a demagogue, the thinnest of lines demarcate. So
we arrive at the point where we must agree that even under the best of
representative democracies, the threat of continued misrule in this
country does not evaporate overnight. This danger is heightened by the
prevalent low levels of education in the country, both of the classroom
variety, and of the civic one, which can only come from a long thriving
civil society.

In the absence of such a society, then, our hopes for a better
tomorrow, in the short-term, at least still depend on the quality of
leadership we get. In the absence of a functioning democracy, a
benevolent caudillo almost became a popular fancy. One, who,
understanding the need for progress along modern lines, a la Singapore
and Malaysia, rammed that vision through society. Once we change the
rules of the game through trying to run elections properly, we deny
this possibility. Instead, the new need is for conviction politicians,
prepared to argue their corner as strenuously as the most modern
constitution permits, while eschewing popular lines.

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Electoral body in Cross River presents certificates of return

Electoral body in Cross River presents certificates of return

Politicians in
Cross River State who won election into the National Assembly and the
state House of Assembly were yesterday presented with certificates of
return at an elaborate ceremony organised by the Independent National
Elelctoral Commission (INEC) in Mangel Hotel in Calabar.

Re-elected senate
deputy leader, Victor Ndoma Egba led 35 others to receive their
certificates of return. Each of the legislators-elect had in two
personal aides and supporters who made the venue come alive with their
praise singing.

Those to join him
at the Senate who also got their certificates were: Ben Ayade (Cross
River North) and Bassey Edet Otu (Cross River South). Those for the
House of Representatives include: Francis Busam Adah, Rose Oko, Chris
Ettah, John Owan Enoh, Bassey Ewah, Daniel Asuquo, Nkoyo Toyo and
Essien Ayi.

All the 25 members
elected into the Cross River State House of Assembly also got their
certificates. The certificates were handed over by Thelma Iremiren,
INEC national commissioner who represented the chairman of the
commission, Attahiru Jega. On hand to assist her was a legal adviser
from the commission and the state resident electoral commissioner, Mike
Igini.

Mr Igini in his
speech commended the people of Cross River State. “Although there were
problems in isolated places, these problems arose from overzealous
supporters than from key political actors themselves, and thus on that
note, I must commend the political groups in Cross River State for the
maturity they showed in electioneering. It goes to show that a
competitive political process need not necessarily be adversarial.” Mr
Igini said

Mistakes as lessons

Mr Igini advised
them to make their tenure memorable by doing those things that will
impact positively on the lives of the people, stressing that whatever
he did before and during the elections was to ensure transparency and
also “to ensure that the trust which the public reposes on us as public
servants is not betrayed.”

He acknowledged
that the exercise had its imperfections but promised to use “the useful
lessons learned to improve on these imperfections well in time for the
next elections. We also hope that the public and other stakeholders
will learn from the lessons of these elections to develop the process
for the benefit of Nigeria and Nigerians.

“As for those who
flouted the electoral laws during the registration and voting process,
I can assure the general public that unlike previously, the full weight
of the judiciary will be brought down on them, and the lessons they
will learn from the consequences of their misdeeds will form useful
touchstones for strengthening an enduring political culture in
Nigeria,” he said.

The Senate deputy
leader elected for a third term and who spoke on behalf of others,
commended INEC for conducting free and fair elections to the admiration
of the international community. He stressed that the success of the
exercise will make Nigeria stand tall in the comity of nations.

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Amaechi okays special account for oil revenue

Amaechi okays special account for oil revenue

The governor of
Rivers State, Chibuike Amaechi, has said that he supports the lodgment
of revenue accruals from the disputed oil wells between Rivers and Akwa
Ibom into an escrow account.

In a statement
given in Port Harcourt on Thursday, the governor stated he hoped that
revenue accruable to the state would be paid beginning in June. The
Supreme Court recently gave a judgment returning 86 oil wells belonging
to the state, which were previously ceded to Akwa Ibom. In the
statement signed by the acting chief press secretary to the governor,
Blessing Wikina, the governor said lodging the money into an escrow
account would not at all mean denial as the judgment was explicit on
what should be done.

Final judgment

“The Revenue
Mobilisation Allocation and Fiscal Commission will have no reason not
to commence payment to the state in line with the judgment of the
Supreme Court on the 86 oil wells from June this year.

“What happened is
that last month, we asked them to put it in an escrow account and they
refused, saying that they had not gotten a copy of the judgment, and
then the federal government finally got a copy of it and served them.

“They have no
reason this month to pay Akwa Ibom, they have to put it in an escrow
account, before the end of the month they should round up, by the grace
of God. So I hope that by June, we will be able to receive this month’s
money, and that of June,” he said.

The governor
expressed the hope that the committee set up by the commission to look
into the judgment of the Supreme Court would do a good job.

NAN

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Group wants Ogun government’s support in AIDS fight

Group wants Ogun government’s support in AIDS fight

The AIDS Prevention Initiative of
Nigeria (APIN) yesterday gave assurance of its readiness to assist the
Ogun State government in tackling the spread of HIV.

The chief executive officer of the
NGO, Prosper Okonkwo, spoke at a stakeholders’/advocacy meeting on the
expansion of Prevention of Mother-To-Child Transmission services to
primary healthcare centres, held in Abeokuta, the Ogun State capital.

He noted that the task of curbing the menace was the collective responsibility of all stakeholders in the health sector.

More facilities needed

Speaking further, Mr Okonkwo noted that
Nigeria was ranked high among countries with the highest number of
people living with AIDS owing to a dearth of maternity hospitals. He
solicited the state government’s support in order to achieve the
organisation’s set objectives.

“In 2009, around 400,000 children
under the age of 16 became infected with HIV, mainly through
mother-to-child transmission. Nigeria has the second highest number of
people living with HIV in the world, after South Africa. There are low
numbers of hospitals and maternity homes in Nigeria, most mothers
deliver at homes or church,” he stressed.

“The reason we are here today is to
solicit for a partnership with the state government so as to improve
healthcare services for our people,” he added.

Shortly after the stakeholders’
meeting, APIN donated CD4 machines to the Ijebu-Ode General Hospital
and the Sacred Heart Hospital in Abeokuta, where he said 25 primary
healthcare centres would spring up in the state before September.

In his response, Oluyemisi Ajibawo, the government representative
at the occasion, promised maximum cooperation from the state
government, identifying funding as a major challenge in reaching out to
the grassroots people.

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Akwa Ibom rehabilitates abandoned children

Akwa Ibom rehabilitates abandoned children

Akwa Ibom State
government has concluded arrangements to rehabilitate 21 abandoned
children who were taking refuge in two different locations in the Eket
local government area.

The action of
government is in response to media reports on the neglect and abuse of
the children who were forced to flee their homes owing to maltreatment,
and those who were driven away by their families on the allegations
that they were witches.

The commissioner
for information and social re-orientation, Aniekan Umana, in a
statement yesterday in Uyo, warned parents, guardians and other people
in the habit of maltreating children, especially labeling them as
witches to desist from the act.

Maintaining
government’s determination to do everything within its power to ensure
that children were protected and their safety guaranteed, Mr Umana,
said the government would stop at nothing to ensure that defaulters
were prosecuted in line with the provision of the Child Rights and
Protection Law.

Explaining why the
government delayed in relocating the children, Eunice Thomas, the
commissioner for women affairs and social welfare said they received
information on the state of the children, who were they residing at the
premises of the Eket Sports Stadium and the abandoned Qua River Hotel,
late.

She promised to
work expeditiously to re-integrate them with the society, noting that
the ministry has previously been involved in the rehabilitation and
integration of children who were abandoned by their families for
several reasons.

Mrs Thomas said a
temporary accommodation would be provided for the newly discovered
children at the women development centre, pending when the government
would make permanent provisions for them.

She took immediate custody of one of the female children, Jane
Bassey, who was four months pregnant, and mentioned that the children
would be given immediate medical attention, while plans were on ground
to ensure that they were enrolled in schools.

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Professor advocates single tenure for vice chancellors

Professor advocates single tenure for vice chancellors

The out-going Vice Chancellor of
Obafemi Awolowo University (OAU), Ile-Ife, Michael Faborode yesterday
said a five-year single term should be enough for any Vice Chancellor
willing to perform in office and that those seeking for elongation are
not actually serious about service.

Mr Faborode, who spoke yesterday in
Osogbo during a thank-you visit to the Nigeria Union of Journalists
(NUJ) Correspondents’ Chapel, Osun State Chapter, said:
“Infrastructures of the university are nothing to write home about when
I took over as the vice chancellor. Many projects are in the state of
abandonment and as responsible leaders, we had to work very hard to
revert the institution to its lost glory and set it on a high pedestal.
“When I took over, I came to the realisation that you cannot inherit
such an edifice as OAU and mess it up. The general maintenance on
campus now revealed that we are living better than the way we met it.
All moribund companies on the campus have been revived to secure the
future of the university.

Credible elections

He lauded the press, Independent
National Electoral Commission (INEC), the NYSC and others for a good
job during the just-concluded general elections.

“Everybody was apprehensive that the
exercise will end up in disaster and one can see that INEC has very
good intention,” he said.

On how to secure food security, Mr
Faborode advocated for proper organisation of agriculture policies.
“The construction of Natural History Museum sponsored by Leventis
Foundation, New Post-graduate building constructed by an alumnus of the
institution, ICT building sponsored by Skye Bank and others were not
part of the original plans when we took over the administration of the
university,” he said.

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Saraki’s aides spurn court order

Saraki’s aides spurn court order

An attempt by the
National Assembly election tribunal to serve an order from the Ilorin
High Court bailiff on the Kwara Central senator-elect and serving
governor, Bukola Saraki, at the state government house on Monday was
allegedly resisted by the governor’s security detail.

The court bailiff,
Saka Adetoro, in an eight-paragraph affidavit averred that he and two
others were ordered by the security men to remove “an order from the
tribunal vide the motion ex-parte, moved by the counsel to the
petitioners, to paste all the court processes on the gate of Government
House, Ilorin, through the substituted means. Order of 20 May 2011,
duly signed by the chairman and the secretary of election petition
tribunal.”

The bailiff added,
“the secretary assigned me to paste the said order and all the
processes at the gate of Government House, Ilorin.”

Barring the way

He said he was
accompanied by two others, a Mr John and Mr Ali, saying that both of
them had reached the second gate of the government house, where they
pasted the order, but were ordered to remove it by the security men.

Mr Adetoro said,
“We told the security and showed them the said order, that it is the
court order, not our own making; that there is a signature of ‘my
lord’, the chairman of the National Assembly election petition
tribunal. He said he does not know [my] lord; what he knows is his
oga.”

Mr Adetoro said
they were subsequently summoned to the government house security base
to address a police inspector, who also refused to let them paste the
order.

However, the
affidavit omitted Monday’s speculation that the court officials were
beaten up by security men on the orders of government house officials.

When contacted, the chief press secretary to Mr Saraki, Mas’ud
Adebimpe. confirmed that they were aware of the matter but added that
the state attorney general and commissioner for justice, Kamaldeen
Ajibade, would react to it accordingly.

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Jonathan to commission Kwara State University

Jonathan to commission Kwara State University

President Goodluck
Jonathan will on Tuesday, May 17, visit Ilorin, the Kwara State capital
to commission the Kwara State University (KWASU), Malete.

The university
which was established by the Kwara State governor, Bukola Saraki, is
located in the Moro local government area in the northern senatorial
district of the state and commenced academic session since 2010.

Briefing newsmen in
Ilorin on the preparation of the presidential visit to the institution,
the Vice-Chancellor of the University, AbdulRasheed Na’Allah said the
institution will use the opportunity to sell the new university to the
entire world as arrangements had been concluded to make the president’s
visit a historic one.

Fielding questions
from reporters, Mr Na’Allah said, “The main objective of the
institution was to move its host community and environs from poverty to
wealth.”

According to him,
“for Nigeria to attain greatness, efforts must be made to make
universities agents of development especially at the grassroots.” He
said it was in recognition of this that the KWASU management created
the centre for entrepreneurship to teach students the practical aspect
of their studies so that they could be self-employed after graduating.

“Our goal in this
university is to produce global citizens who will be able to compete
favourably with their peers in any part of the world. This is the
reason why we recruited our academic staff from home and abroad,” he
added.

Mr Na’Allah who
condemned the post-election violence in parts of the country, urged the
government to urgently put machinery in place to forestall a recurrence
of the killings recorded in the violence where innocent youth corps
members lost their lives.

While mourning the
late corps members, Mr Na’Allah added that “the violence was uncalled
for, it is sad, it is barbaric. It is a sad story for Nigeria”.

“Though demonstrators must be allowed to ventilate their grievances but that must never be allowed to turn violence.” He said

Mr Na’Allah
commended Mr Jonathan for supporting the deceased youth corps members’
families with a compensation of N5m each and automatic employment for
their siblings with the federal service.

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