Archive for nigeriang

Taking on two missions impossible

Taking on two missions impossible

President Barack
Obama is embarking on something I’ve never seen before – taking on two
Missions Impossible at the same time. That is, a simultaneous effort to
heal the two most bitter divides in the Middle East: the
Israeli-Palestinian conflict and the Shiite-Sunni conflict cantered in
Iraq. Give him his due. The guy’s got audacity. I’ll provide the hope.
But kids, don’t try this at home.

Yet, if by some
miracles the Israeli-Palestinian peace talks that opened in Washington
on Thursday do eventually produce a two-state solution, and Iraqi
Shiites and Sunnis do succeed in writing their own social contract on
how to live together, one might be able to imagine a Middle East that
breaks free from the debilitating grip of endless Arab-Israeli wars and
autocratic Arab regimes.

Obama deserves
credit for helping to nurture these opportunities. But he, Secretary of
State Hillary Clinton, the Palestinian President Mahmoud Abbas, the
Israeli Prime Minister Bibi Netanyahu, and the newly elected leaders of
Iraq need to now raise their games to a whole new level to seize this
moment – or their opponents will.

Precisely because
so much is at stake, the forces of intolerance, extreme nationalism and
religious obscurantism all over the Middle East will be going all out
to make sure that both the Israeli and Iraqi peace processes fail.

The opponents want
to destroy the idea of a two-state solution for Israelis and
Palestinians, so Israel will be stuck with an apartheid-like,
democracy-sapping, permanent occupation of the West Bank. And they want
to destroy the idea of a one-state solution for Iraqis and keep Iraq
fractured, so it never coheres into a multi-sectarian democracy that
could be an example for other states in the region.

I hope that one of
my personal rules about the Middle East is proved wrong – that in this
region extremists go all the way and moderates tend to just go away.

Obama was right to
keep to his troop-withdrawal schedule from Iraq. Iraqi politicians need
to stand on their own. But this is tricky. The president will not be
remembered for when we leave Iraq but for what happens after we leave.
That is largely in Iraqi hands, but it is still very much in our
interest. So we need to retain sufficient diplomatic, intelligence,
Special Forces and Army training units there to promote a decent
outcome; because all the extremists are now doubling down.

Last week,
insurgents aligned with al-Qaida boasted of killing 56 innocent Iraqis.
On Tuesday, Palestinian gunmen murdered four West Bank Israeli
settlers, including a pregnant woman; Hamas proudly claimed credit. In
Israel, Rabbi Ovadia Yosef, who heads the largest ultra-Orthodox party,
Shas, used his Shabbat sermon to declare that he hoped the Palestinian
president and his people would die. “All these evil people should
perish from this world … God should strike them with a plague, them
and these Palestinians,” Yosef said.

Trust me, this is just the throat clearing and gun-cleaning. Wait until we have a deal.

Even if Israel
agrees to swap land with the Palestinians so that 80 percent of the
Jewish settlers in the West Bank can stay put, it will mean that 60,000
will still have to be removed. It took Israel 55,000 soldiers to remove
8,100 Jewish settlers from Gaza, which was never part of the Land of
Israel. Imagine when today’s Israeli Army, where the officer corps is
increasingly drawn from religious Zionists who support the settler
movement, is called on to remove settlers from the West Bank.

None of this is a
reason not to proceed. It is a reason to succeed. There is so much to
hate about the Iraq war. The costs will never match the hoped-for
outcome, but that outcome remains hugely important: The effort to build
a decent, consensual government in Iraq is the most important democracy
project in the world today.

If Iraqi Sunnis,
Kurds and Shiites can actually write a social contract for the first
time in modern Arab history, it means that viable democracy is not only
possible in Iraq, but everywhere in the region.

“Iraq is the
Germany of the Middle East,” says Michael Young, opinion editor of The
Beirut Daily Star and author of a very original book about Lebanon,
“The Ghosts of Martyrs Square.” “It is at the heart of the region –
affecting all around it – and the country’s multi-ethnic,
multi-sectarian population represents all the communities of the
region. Right now, what is going on in Iraq represents all the worst
trends in the region, but if you can make it work, it could represent
the best.”

The late Israeli
leader Yitzhak Rabin used to say he would pursue peace with the
Palestinians as if there were no terrorism and fight terrorism as if
there were no peace process. That dual approach is one that Iraqi,
Arab, Palestinian and

Israeli moderates are all going to have to adopt.

I hope the forces of moderation are up to it.

© 2010 New York Times News Service

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Much more than vanity

Much more than vanity

In July some
African First Ladies met at a summit called ‘Forum of African First
Ladies against breast and cervical cancer’ in Accra, Ghana. According
to them, the reason for the summit is to draw the attention of leaders
in the region to what they described as, ‘‘the growing burden of
women’s cancers, especially cervical and breast cancer-in the world’s
poorest nations,’’

The ladies are
wives of presidents and heads of state and include – Ernestina Naatu
Mills (Ghana), Djibo Saalu Fati (Niger), Momsa Matsebula (Swaziland),
Tobeka Zuma (South Africa), Zainab Yayah Jammeh (The Gambia), Janet
Museveni (Uganda) and Thandiwe Banda (Zambia).

At the meeting
they all decried the rising wave of breast and cervical cancers among
women on the continent where studies have shown that the two diseases
are the commonest and leading causes of death among women.

In a statement at
the end of the summit they lamented, ‘‘cervical, breast and other
women’s cancers take a tremendous toll on women’s health in developing
countries. Over 80% of all cervical cancer deaths occur in developing
countries where girls and women do not have access to prevention
services such as education, vaccination and lifesaving pre-cancer
screening and early treatment. Breast cancer, once relatively unknown
in developing countries, is rising rapidly, often appearing in women 10
to 15 years earlier than in developed countries.’’

This observation
needs proper and detailed attention and one study after the other in
the last two years has endorsed this fact: It is no longer an ailment
of the West or of those accustomed to that lifestyle.

We agree with that
enlightenment on cancer issues is very poor in Africa and there is a
crying need for our health authorities to step up education on the risk
factors that predispose our women to breast and cervical cancer.
Because many do not know what they should do or how to check themselves
for signs the ailment is allowed to fester and patients only report at
hospitals at a point when the case has become terminal.

At the Ghana
summit the ladies pledged to mobilise their diplomatic and public
health leaderships to ensure women’s cancers feature prominently at
this month’s United Nations General Assembly Development Summit on the
Millennium Development Goals and at the United Nations High Level
Summit on non-communicable Diseases (NCDs) scheduled for September next
year. They also stated their plan to work with other international
agencies to help champion and focus on these challenges of bringing to
the fore the need to see cancer as a threat to the health of women and
the populace in general.

To our mind, the
important thing is not for the United Nations to discuss it at its
summit, the home front is where the real action is. By now the seven
first ladies who attended the Ghana summit have returned to their
bases. What they do with and how they push the Accra commitment forward
is what should be of concern. Too often summits are held and
declarations made are soon forgotten. This should not be.

As much as we are
wary of the use to which the office of first spouse, let us not forget
that Liberia made history by electing Ellen Johnson Sirleaf president,
has been put in some parts, our hope is that this initiative will not
be allowed to become another avenue for vainglory and little else. It
is far too serious and much too important.

It is regrettable
that some initiatives to combat cancer have been launched with fanfare
in the past and have not survived beyond the razzmatazz of the launch.
A case in point is the billions of naira that was donated to Mrs. Turai
Yar’Adua, wife of the late president, for her much hyped International
Cancer Centre, which was to be built in Abuja. As of the last count,
land had been allocated for the project and a board constituted to
oversee the running of the centre. However, shortly after the launch
Mrs. Yar’Adua’s attention was understandably diverted by her husband’s
sickness from which he never recovered.

We believe that since the money was collected from government
ministries and companies it is important for purposes of accountability
for an account to be rendered and if Mrs. Yar’Adua is no longer
interested in carrying out the project it should be handed over to
another group or agency that can. This is the only way this project can
be of benefit to the majority of Nigerians and make the Accra
declaration a reality for all.

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FRANKLY SPEAKING: Sowing the seeds of African philanthropy

FRANKLY SPEAKING: Sowing the seeds of African philanthropy

That those who have been blessed with high rank or great wealth
should help the numerous less fortunate is an ancient dictum. Noblesse oblige-
privilege entails responsibility! Modern philanthropy, as illustrated in the
activities of the Gates Foundation or the Rockefeller Foundation, walks in that
old tradition. It is the essence of philanthropy to be a voluntary contribution
from the private sector.

Expanding government services to the indigent or the helpless
are not a substitute for the personal gifts or donations of a continent’s
elite. A country’s public services guaranteeing a minimum amount of decent
education or decent healthcare at public expense should be a complement to the
donations of its elite. As denizens of a continent teeming with the poor, the
uneducated, and the hungry, when should Africa’s wealthy entrepreneurs and
investors conduct their philanthropic activities? What activities should be
nurtured by their donations?

My point of departure is that philanthropy has deep roots in the
cultures of several African countries. For example, there has been a long
tradition of community leaders donating land or money to educational causes. In
1876, financial contributions from local businessmen, combined with teaching
staff and other forms of support from the Methodist Missionary Society in
London, resulted in the establishment of Ghana’s oldest boys secondary school,
Mfantsipim, then known as the Wesleyan High School of Cape Coast. I have little
doubt that similar tales of philanthropic support from eminent Nigerians lie
behind the development of schools such as the Methodist Boys High School and
Abeokuta Grammar School.

It does not seem that Africans established permanent collective
institutions for collecting gifts and dispensing those gifts. The modern
vehicle for those institutions, today, is the foundation. America was a pioneer
of the foundation, eponymously named after its settlor-Andrew Carnegie or Bill
Gates. It spread to other countries like India which got one of its first
foundations in 1919 with the creation of the Sir Ratan Tata Trust, thus forging
an ongoing link between the Tata group of companies and India’s world of
charities. Africa is following in those footsteps with foundations such as the
TY Danjuma and the Dangote Foundations in Nigeria, the Mo Ibrahim Foundation in
the United Kingdom, or the Tiso Foundation in South Africa.

Americans tend to establish foundations after they amass a
fortune. Our needs are so pressing that it would be preferable if foundations
were established alongside the growing fortunes of African benefactors. The
Tiso Foundation embodies my preference. It was set up at the birth of the Tiso
Group, a black-controlled and managed investment companies, with a 16% equity
stake in the Tiso Group donated by its founders.

Led by two consummate and unassuming professionals, Nkululeko
Sowazi from South Africa and David Adomakoh from Ghana, the Tiso Group has made
several successful investments in South Africa between 2001 and 2010.
Consequently, the Tiso Foundation’s endowment has risen rapidly in value,
alongside the success of the Tiso Group, from 5 million Rands (61.2 million
Nairas) to 500 million Rands (10.35 billion Nairas) today. This model of
granting equity stakes in new businesses at their birth can generate large
charitable endowments in rapid order on a fast growing continent.

The Tiso Foundation has chosen skills development and education
as focus areas. By choosing those areas, it is fighting to defeat the apartheid
legacy of mediocre human capital levels among black South Africans. For
example, one of its current programmes is an artisan development system under
which it is providing financial assistance to train 500 competent artisans in
appropriately accredited training institutions. The selection of artisan
development illustrates a major advantage of philanthropy-the ability to
encourage and nurture activities of major social benefit that both governments
and free markets may fail to finance in adequate quantities.

The Mo Ibrahim Foundation’s focus on improving the quality of
governmental and political governance in Africa, by instituting a Mo Ibrahim
prize for wise leadership in Africa and creating an Ibrahim Index to measure
the quality of African public governance, is another example of private
foundations treading where governments and the free markets have been
noticeably absent. Africans should use their charities to tackle festering
intransigent social problems which can yield gargantuan social benefits upon
their resolution.

All of us can make our contributions, no matter how modest. An independent
Africa needs more of its wealthy and powerful to emulate the examples of a Tiso
or a Mo Ibrahim. Then, peace and prosperity will germinate a little more
quickly in Africa’s soils.

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SECTION 39: Everyman’ and the Police

SECTION 39: Everyman’ and the Police

When dirty linen
is left unattended for so long that it becomes aromatic, it doesn’t
help to insist that your private washing efforts are working: everybody
can smell that they aren’t; nor is there any point quarrelling with
neighbours for holding their noses when they pass your house. After
all, the unfortunates actually living in the house have been gasping
for air for years!

Such were my
thoughts as I pondered the response of the Nigeria Police Force to the
report by the US-based non-governmental organisation, Human Rights
Watch: “Everyone’s in on the Game.” (Apologies are due for seeming to
notice the problem only because a Western NGO has discussed it, but my
concern here is the response by those whose conduct is under scrutiny.
The sad reality is that reactions to the work of Nigerian NGOs – e.g.
the report on checkpoint extortion in the south-east by Intersociety –
are usually either more nonchalant, or given far less media coverage
than reactions to work by their overseas counterparts.)

Force
spokesperson, Emeka Ojukwu, recited the expected party line of
criticising the report and giving numbers of police personnel
‘sanctioned’: 764 senior officers and 8,831 junior officers for
“various acts of indiscipline”.

The trouble is,
that even assuming that “acts of indiscipline” includes checkpoint
extortion (rather than, for example, resisting sexual harassment by a
squadron commander, as Corporal Emcy Munlip is presently experiencing)
no matter how many policemen officers are dismissed for mounting
‘toll-gates’, on any single inter-city journey in this country, you
will still come across checkpoints at which bribes are openly,
routinely and efficiently collected, particularly from public transport
vehicles. This alone tells every person who sees them – from
wearily-conditioned citizens to shocked open-mouthed foreigners – that
those who were sanctioned must have done something more than- ordinary
checkpoint extortion. Moreover, when many checkpoints on ‘expressways’
are semi-permanent installations with logs, spiked bars and big oil
drums, there cannot be any pretence that what is going on is ‘unknown’
to the police hierarchy.

HRW suggested, as
many have before, that the NPF’s X-Squad must be revamped. Without
this, and expansion of the Independent Corrupt Practices Commission’s
‘sting’ operations, it will be difficult to take official protestations
seriously, since for even a half-hearted anti-corruption effort on
checkpoint extortion, catching offenders should be like shooting fish
in a barrel.

Against the
angrily defensive police response, it’s easy to forget that the
personal anecdotes in HRW’s report are what ordinary Nigerians go
through every day. Although the NPF dismissed the report, saying it
“lacked merit and should not be relied on”, nobody reading the
experiences it details can doubt their authenticity. An ear at any of
the Network on Police Reform in Nigeria and Human Rights Commission’s
Public Tribunals on Police Abuse will unearth stories as bad as, or
worse than those in HRW’s report. Even the ‘biggest’ man in the country
will have had someone ask for help with similar scenarios: seeking
either intercession with the police, or money with which to pay their
way out of (often unjustified) trouble.

The reality for
many is that it is indeed only with money, connections or influence
that they can extricate themselves from police wahala. Our congested
prisons are full of people who had neither. The NPF may genuinely
aspire to “maintain an effective internal control mechanism to check
abuses of human rights or professional misconduct”, but the case of
young Comfort Monday, who recently gave birth in prison after being
incarcerated at the instance of the man who claims to have purchased
her, is only the tip of the iceberg when it comes to those who can’t
pay, arrested at the behest of those who can.

Only the rich or
famous should expect any different treatment, and possibly not even
then: after all, an attorney-general of the federation was gunned down
in his bedroom and “nothing happened”. But the NPF must know that even
if today, it begins to show a serious commitment to the lives and
security of every Nigerian, it cannot succeed without the support of
ordinary people.

And right now, few
ordinary citizens feel that their security is a police priority, or
that the police are on their side; not because HRW tells them, but
because that is their experience.

For this reason,
the arrest in Lagos of a couple alleged to have killed their young
houseboy, Emmanuel Azuka (perhaps they chose not to ‘spare the rod’ in
order not ‘to spoil the child’) is at least as important as the song
and dance being made about arresting a couple of technicians just
because a rich man got stuck in a lift. With disturbing questions
raised about police power to protect or to oppress being available to
those who can pay for it, it will be important for any genuine effort
to bring ordinary people onside, to see who ends up getting justice. Of
course, ‘everymen’ Celestine Ononobi and Moses Oluremi, suspects in the
‘attempted murder by elevator’ case aren’t pregnant teenage girls, so
we may not hear much more about them. But what about the trial and
verdict over ‘everyboy’ Azuka’s death?

We’ll be watching and waiting.

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It’s Corolla all the way

It’s Corolla all the way

The latest Corolla
from Toyota does more than generally getting the job done. It is
meticulously built to provide users the extra mile. The new king of
smooth ride for 2010 comes packed with newer technologies and design,
capable of leaving riders breathless.

Ever since the
Corolla’s debut in 1966, it has showcased consistency in high standard
and this is what the 2010 Toyota Corolla offers.

Design

The new car is
showcased in five trim levels of the base, LE, S XLE and XRS Model. The
XRS is the highest model range among all types and comes with a larger
engine compared to other models. It also steps with 17-inch alloy
wheels for good balance and speed and is mainly distinguished from
other models with its steering cruise control, rear deck spoilers, and
chrome trims.

The XLE model
stands a step before the XRS model. It comes with 16 inch wheels. Other
minor abilities it packs are variable intermittent wipers, keyless
entry, centre armrest. The Base Corolla model comes standard with
15-inch wheels.

Other enjoyable
qualities riders get to derive from the car are solid sound system with
satellite radio and Bluetooth connectivity, power windows, telescopic
steering wheels, and Navigation system for location finding. Its
control layout is intuitive.

Inside the latest
Corolla is plenty of space to conveniently seat five adults with driver
inclusive. It is built with a double glove box which increases its
storage capacity in front.

Engine Power

Apart from the XRS
Model whose engine built comes with a 2.4 litre four cylinder packs and
an output of 158 horsepower of 162 Ib-ft of torque. Other models are
built with a 1.8 litre four cylinder engine rated with output of 132
horsepower and 128 pound feet of torque.

The engine is fully
integrated with a standard five-speed manual transmission and an
optional four speed automatic. The XRS model muscles up with both five
speed manual and automatic transmission.

The 1.8 litre
engine of the Corolla covers 0-60 mph in 10 seconds, while XRS model
with 2.4 litre engine covers 0-60 mph in 9.1 seconds.

Safety

The 2010 Corolla is
built with standard safety features like antilock brakes, stability
control, front-seat side airbags, full-length side curtain airbags and
active front head restraints. The XRS model features four-wheel disc
brake while other Corollas have rear drums.

Price

Prices vary
according to models. The Corolla standard goes for $15,450 (about N2.3
million)The LE goes for $16,850 (about N2.5 million) XLE goes $17,750
(about N2.66 million) while the S model and XRS model goes for $16,520
(about N2.48 million) and $18,960 (about N2.8 million).

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Nigeria’s microfinance policy review underway

Nigeria’s microfinance policy review underway

Nigeria’s
microfinance sector has failed to make the expected impact on the
economy due to misconception by the operators, but this will soon
change.

Lamido Sanusi, the
Central Bank governor, said the bank will come up with a reviewed
policy framework in order to make it more effective.

Akintunde Sowunmi,
deputy director, development finance, who represented Mr. Sanusi at a
conference organised by Credit Awareness yesterday in Lagos said less
than three percent of the rural population of Nigeria have access to
microfinance services.

Mr. Sowunmi said
one of the challenges is to create awareness about credit acquisition
in order to make more people interested in accessing it.

“Despite the
importance and benefits of credit, there are socio-economic barriers
inhibiting access to financial services such as education, gender, age,
irregular income, poor infrastructure, and even geographical location,”
he said.

He said after five
years of operating the current microfinance policy, there was an urgent
need to make it more effective. Some of the concerns that would be
addressed in the revised framework are the location as well as the high
profile exhibited by operators.

“They are
urban-biased and many of them are not in the rural areas, which they
are supposed to serve. It will actually take a while for a paradigm
shift. That is why the CBN has taken the initiative five years after to
do a total review of the policy, to see the challenges and the reality
on the ground,” he stated.

Credit must be generated locally

Ismail Ridwan, a
senior economist with the World Bank, said the amount of credit needed
to take Nigeria into the top 20 economies by the year 2020 would have
to be generated internally.

Mr. Ridwan hinged
the amount on five pillars: improvement in banking supervision,
improved credit information, and conventional banks diversifying by
introducing new products, credit guarantee schemes, and business
development services to scale up business training for entrepreneurs.

He said the World
Bank was convinced that the intervention by the Central Bank in the
banking sector last year was necessary in order to save an already bad
situation.

“We went to the
Central Bank two years ago and we had done a diagnostics of the banking
industry, which revealed lots of issues with banks’ portfolio. We are
glad that the Central Bank has gone ahead to remove some of the bank
chiefs,” Mr. Ridwan said.

He explained that it is worrisome that less than one percent of small companies in Nigeria have access to credit.

“Small companies
have the biggest obstacle in terms of access and cost. Nigeria is
behind Ghana in terms of access to credit,” he said.

Rilwan Akiolu, Oba
of Lagos, said the level of poverty in the country is unacceptably
high, blaming it on bad leadership and bad management.

“Only ungodly people will condemn CBN reforms,” he said.

Alabi McFoy, Lagos
State Microfinance Initiative (LASMI) chairman, said the state was in
support of creating awareness about availability of credit so that more
poor people can have access to it.

“So far, Lagos
State has disbursed over N1.3 billion through microfinance banks in
Nigeria and will inject more so that more people can benefit,” he said.

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Africa prospects lure investors, but is the continent ready?

Africa prospects lure investors, but is the continent ready?

Africa offers among
the world’s best investment prospects as emerging markets grow ever
more important, although its economies risk being destabilised by the
slew of capital they stand to attract in coming years.

Energy-producing
continental giant Nigeria was identified as a top pick by some of the
most influential figures in emerging markets finance who spoke to the
Reuters Emerging Markets Summit in Sao Paulo last week.

Africa withstood
the financial crisis better than many predicted, and the region’s
economic growth is forecast at 4.75 percent in 2010. Next year, half of
the world’s 10 fastest growing economies are expected to be in Africa,
and it is now attracting more than just the most intrepid investors.

“The latent
interest in Africa is enormous,” said Stephen Jennings, chief executive
of Russian investment bank Renaissance Capital, speaking to the Reuters
meeting by video link from Moscow.

“Before the crisis
there were probably 40 people or groups establishing Africa funds. In
3-4 years you’ll have 100 Africa funds and the biggest one won’t be $2
billion, it’ll be $20 billion.”

Fund tracker EPFR
reports 43 consecutive weeks of net inflows to Africa equities funds,
reaching $484 million in the first half of 2010 – nearly double those
to India over the same period.

Africa’s advocates
say the inflows stand to accelerate rapidly as a dearth of attractive
returns in the developed world pulls investors in while a more stable
political and economic environment indicates diminishing risks.

BRIC links

A shift of global
economic power to emerging giants such as Brazil, Russia, India and
China – known collectively as the BRICs – benefits Africa as surging
economies seek its resources and push up commodity prices and
investment.

Brazil, Russia and
India still trail China, which last year became Africa’s biggest trade
partner, but they have been rapidly expanding trade and putting more
money into Africa.

“What’s absolutely
striking is how much change there’s been between the BRIC countries and
Africa,” said Jacko Maree, chief executive of South Africa’s Standard
Bank, which is Africa’s biggest.

“We like to think
that the whole story has only just begun.” Brazilian firms with a large
African presence may soon issue bonds in South African rand to seize on
growing interest, said Standard Bank’s chief executive in the Americas,
Eduardo Centola.

Nigeria top pick

Nigeria’s market of
about 140 million people – nearly three times bigger than South
Africa’s – as well as its energy resources and bigger, more liquid
markets, makes it the top choice for many eyeing Africa.

On the Goldman
Sachs’ growth-environment index, which measures a mixture of economic
and social development indicators, Nigeria’s score has nearly doubled
over the past decade.

“If it were to show
the same increase in its growth-environment score over the next decade,
many investors will look back and say why the hell didn’t I invest in
Nigeria,” said Goldman Sachs’ global head of economic research Jim
O’Neill, who coined the term BRICs.

Ethiopia and Rwanda
are among the smaller African economies seen as promising. They show
how previously ignored countries scarred by war are emerging as
possible investment magnets alongside those such as Ghana, a relatively
stable democracy which is soon to become an oil producer.

There are risks, though, with concerns over political stability even in bigger economies such as Nigeria and Kenya.

Africa experts
underline the fact that new mineral riches have rarely been shared
widely, and suggest reliance on such income for national coffers could
discourage establishing tax bases that would put states on a sounder
footing.

“Where I think the
real caution has to come in is the quality of the growth,” said Patrick
Smith of the Africa Confidential newsletter. “It would be pretty silly
to say success is certain.”

A big influx of
investment funds could in itself pose a problem for African countries
less prepared to cope than those in other rapidly growing regions that
have felt the pain of such flows in the past.

“Africa has no
experience of huge capital inflows,” said Renaissance’s Jennings.
“Under the scenario I’m painting, the capital inflows will be way above
and beyond the ability of those countries to absorb them.” Most African
countries have small, illiquid markets and little financial
infrastructure, raising the chances of economic distortions and asset
bubbles that could lead to currency crises and long-term damage.

“People look at how
certain African economies have been getting their act together and
there is a risk you will get significant capital inflows,” said Mohamed
El-Erian, chief executive of PIMCO, the world’s largest bond investor.

“That will provide quite a challenge to policy makers.”

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‘China still floods Nigerian market with substandard products’

‘China still floods Nigerian market with substandard products’

We Chuanzhoug, Chinese minister of quality supervision, inspection and quarantine, on Monday said that Nigerian and Chinese businessmen have been colluding to import substandard products from China.

Mr. We said this when he visited Josephine Tapgun, minister of state for commerce and industry, at her office in Abuja. He said the Chinese government is already inspecting some markets in Nigeria to ascertain the level of substandard products imported from China. He said a high-level discussion is already on between the two governments to fine-tune ways of curbing the menace.

“The impact of the influx of substandard products from China to Nigeria has become a disturbing practice to the Chinese government,” he said.

Obstacles

“There are grey areas which both countries have to address before signing the agreement,” said Mr. We. He urged the ministry to set up a technical working group to look into the terms of the agreement and harmonize them for endorsement.

Ms. Tapgun said the ministry is working towards improving the trade relationship between the two countries.

She noted that a few months ago, President Goodluck Jonathan approved the signing of a Memorandum of Understanding (MoU) with the Chinese government in relation to product quality assurance.

She commended the visiting Chinese delegates for their efforts in ascertaining the level and impact of the menace themselves, “We urge that you step up the supervision and monitoring of the market, and by the time that is done, the result will yield a better insight into the origin of the problems and how quickly they can be addressed,” she said.

The Chinese have already signed a similar agreement with countries such as Ethiopia and Egypt, with impressive results said Mr. We.

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Artisans to get certificates

Artisans to get certificates

The federal government on Monday announced plans to create a certification system for unskilled labour in Nigeria. Musa Abdullahi, chairman of the National Board for Technical Education (NBTE), made the announcement at a meeting on the National Vocational Qualification Framework. Mr. Abdullahi said the traditional system of qualification does not appropriately address the informal sector, though most jobs and vocational trainings were located there.

“National recognition is not given to the skills and competencies acquired in this important sector,” he said. “The system does not allow individuals who might not have any certificates, but have gained useful relevant experience or competence, to secure formal qualification for additional improvement.”

Lifelong learning

Mr. Abdullahi said the framework will improve vocational education and training while providing incentives to individuals to continue learning through life.

“This implies that mechanics, vulcanizers, carpenters, caterers, tailors, will be tested based on their competencies and issued certificates by the federal government which they can use even outside Nigeria to get jobs, when the relevant legislative procedures are in place.” He added that Nigeria needed skilled craftsmen, technicians and technologists in large numbers, if the country was to be one of the top 20 economies of the world by 2020.

Ade Aimola, acting executive secretary of NBTE, said that, “the education system is facing a lot of challenges, chief among which are quantity, quality and relevance of training and training opportunities in both formal and non-formal sector.” It is against this backdrop that the National Board for Technical Education is seeking to introduce and develop the national vocational qualification framework,” Mr. Aimola said.

Need for the system

The framework has to do with the development, classification and recognition of skills, knowledge and competencies acquired by individuals irrespective of where and how the training or skill was acquired.

“The system gives a clear statement of what the learner must know to be able or be able to do whether the learning took place in a classroom, on-the-job, or less formally. The framework indicates comparability of different qualifications and how one can progress from one level to another.” Mohammed Aminu, a director at Industrial Training Fund, said there was a need to certify artisans in the country, because this lack of certification has deprived them of certain privileges. “This framework meeting is timely. It is going to help not only the Fund but other organizations and help for the development of the country,” Mr. Aminu said.

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Pakistan credibility reaches breaking point

Pakistan credibility reaches breaking point

The corruption
scandal that exploded this week is the latest damaging blow to Pakistan
cricket and former players fear it could be the one that finally
crushes the credibility of the sport in the South Asian nation.

Over the last few
years, ball-tampering accusations, doping scandals, security problems
and dressing room intrigues have all contributed to a volatile cricket
culture without severely denting the popularity of the game among
Pakistanis.

However, the
British police investigation into allegations that players Salman Butt,
Mohammad Amir and Mohammad Asif took bribes to fix incidents during the
fourth test against England last week looks like stretching that
loyalty to its limits.

“We have one of the worst cricket systems in place,” former test captain Aamir Sohail told Reuters.

Sohail and his
fellow former captain Javed Miandad fear this latest scandal might be
the straw that breaks the camel’s back for Pakistan’s millions of
cricket fans.

“I think even the people have had enough of this indiscipline in the team,” Miandad said.

Political interference

Political analyst
Kamran Khan believes Pakistan is so regularly haunted by controversy
largely because of political interference in the running of the game.

The country’s president is chief patron of the Pakistan Cricket Board (PCB) and has the authority to appoint its chairman.

“In no country does the president or prime minister appoint someone to head a sports body,” he said.

“In Pakistan merit
is ignored when appointing people to run the board and they remain
unaccountable and that is root cause of the problems we see in our
team.”

In March, the board
banned and fined seven players for indiscipline and misconduct on the
Australian tour but political clout as well as public and government
pressure saw five return to the national team after just three months.

Imran Khan, who led
Pakistan to a World Cup triumph in 1992 and is now a politician,
believes the problems of Pakistani society are reflected in the cricket
set-up.

“When the players
see corrupt politicians in governance, when they see people pardoned in
financial scams, they think we can also get away with this,” he said.

“Unfortunately this
scandal has come as a demoralising blow for many Pakistanis, wherever I
go people ask me what is going on, it is a heartbreaking situation.”

Even though
security issues have meant no home international cricket for the last
17 months, thousands of fans still pack the stadiums for the national
Twenty20 tournament.

As further
testament to the game’s importance, even reporting of the floods which
have killed more than 1,600 people and made at least six million
homeless has been sidelined by coverage of the cricket scandal over the
last few days.

“Cricket is one
thing that still binds together the Pakistani people, who have to cope
regularly with major problems like terrorism, rising inflation,
religious intolerance and now these devastating floods,” cricket
analyst Saad Shafqat added.

Talented players

The country also
continues to produce a string of talented players, among them the trio
at the centre of the allegations currently being investigated.

Songs berating the
players and officials and hot-tempered discussions have dominated the
airwaves in Pakistan with one lawmaker demanding the players be brought
home in handcuffs.

Pakistan cricket
has always been a passionate affair, however, with victories sparking
all-night celebrations and defeats prompting sometimes violent
reactions.

Even if the
allegations prove to be unfounded and the fans remained loyal, the
scandal would do nothing to improve Pakistan cricket’s reputation
outside the country, said another former captain.

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