Archive for nigeriang

AfDB to increase private sector lending in 2011

AfDB to increase private sector lending in 2011

The African
Development Bank (AfDB) expects to lend $2.2 billion to the private
sector in 2011, up from the $2 billion forecast for this year, a senior
bank official said on Wednesday.

The bank’s
president said earlier this year that he expected overall lending to go
up after the AfDB’s backers gave it a three-fold increase in its
capital base, partly in recognition of its role in softening the impact
of the global slowdown.

“In 2011 we have
many projects for the private sector in infrastructure, energy,
transport, telecommunications and agriculture,” Tim Turner, director of
the AfDB’s private sector department, told Reuters.

AfDB President
Donald Kaberuka said last year the AfDB would lend about $7 billion to
African governments and firms in 2010. The bank’s shareholders are
Africa’s 53 nations and 24 non-African donor countries.

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Equinox sees Zambia uranium exports in 2-3 years

Equinox sees Zambia uranium exports in 2-3 years

Equinox Minerals
Ltd. plans to start exporting stockpiled uranium from its Lumwana mine
in Zambia in about two to three years, when prices rise, the head of
the company said on Wednesday.

Chief executive
officer, Craig Williams, said Equinox had so far stockpiled 4.2 million
tonnes of uranium at the mine and would continue doing so until prices
rise to commercially viable levels.

Equinox estimates
that the Lumwana ore body has about 8 million tonnes of uranium as well
as its copper resource of 900 million tonnes and is mining them
together, he said.

The company
produced 109,413 tonnes of copper at Lumwana in 2009, and Mr. Williams
said it was maintaining the production estimate of 135,000 tonnes of
copper at the mine for 2010.

Equinox said in
January 2009 it was delaying construction of a uranium processing plant
at Lumwana, due to low uranium prices and difficulty in raising finance.

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Stock market performance remains wobbly

Stock market performance remains wobbly

The upbeat trading
recorded at the Nigerian Stock Exchange (NSE) on Tuesday could not be
sustained at the close of Wednesday’s proceedings.

The NSE market
capitalisation and the All-Share Index, the two market measuring
parameters, were down by 0.09 percent yesterday after appreciating by
0.39 percent on Tuesday.

Stock analysts
attributed the free falls to investors’ low-confidence in the market
following the recent development in the banking sector.

Dimeji Akintayo, an
equity analyst at Resource Cap, a portfolio management firm, said the
past few weeks have witnessed mass selloffs of bank stocks in line with
the Central Bank directive that banks must reduce their capital market
exposure to 10 percent by September 1st (yesterday).

“This development
has further created more uncertainties in the market because investors
really don’t know what direction the market is heading. We are all
trading with caution,” Mr. Akintayo said.

The market
capitalisation of the 199 First-Tier equities closed yesterday at
N5.941 trillion, after opening the day at N5.946 trillion, reflecting
over N5.19 billion losses. Meanwhile, about N23.15 billion was gained
the preceding day. The All-Share Index also shed 21.19 units on the
previous day’s figures of 24,268.24 basis points, to close at 24,247.05.

At the end of
Wednesday’s trading, the number of gainers closed lower at 31 compared
with the 36 recorded on Tuesday, while losers closed higher at 30
against the 26 recorded the previous trading day. African Petroleum
topped the gainers chart for the day with 5 percent price appreciation,
while Livestock topped the losers chart with 5 percent depreciation.

Sectoral review

In spite of
investors’ low patronage in the market, the banking subsector still led
the most active subsectors’ chart yesterday with 129.20 million volumes
of shares, valued at over N1.31 billion exchanged in 3,392 deals.
Volume in the subsector was driven by Guaranty Trust Bank, Zenith Bank,
Access Bank, and United Bank for Africa.

The breweries
subsector, yesterday, recorded one gainer to one loser, just as one
gainer to one loser was also recorded in the last two trading days. The
share price of Nigerian Breweries inches up by 2.01 percent while
Guinness share price lost 1.22 percent after Wednesday’s trading.

The conglomerates
subsector recorded three losers to two unchanged prices, compared to
two gainers to three unchanged prices recorded on Tuesday. The share
prices of PZ, UAC Nigeria, and Unilever Nigeria all lost by 3.99
percent, 2.00 percent, and 0.41 percent respectively, while the share
prices of Transnational Corporation of Nigeria and AG Leventis Plc
remained unchanged.

Meanwhile, the
management of the Exchange on Wednesday marked down the price of NCR
Plc for a dividend of 5 kobo; the payment date is 30th September. Also,
the price of National Salt Company Plc was marked down for a dividend
of 50 kobo; payment date 4th October, while the price of Associated Bus
Company Plc was marked for a dividend of 3 kobo.

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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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Executive Council approves N3.59b for Code of Conduct office

Executive Council approves N3.59b for Code of Conduct office

The Federal
Executive Council yesterday approved N3.59 billion for the construction
of a modern and more befitting headquarters for the Code of Conduct
Bureau (CCB) in Abuja.

The nine-storey
building will cost N3.59 billion, although N594 million has been set
aside for it in the 2010 Budget. The balance will be appropriated for
as an ongoing project over the next two years, at N1.5 billion for 2011
and 2012.

Minister of
Information and Communications, Dora Akunyili, disclosed this while
briefing alongside the minister of state, Labaran Maku, after the 29th
session of the FEC meeting, which was chaired by Goodluck Jonathan.

She said the
president had “presented a memo to FEC seeking for approval for the
award of contract for the construction of one block of nine-storey
office complex as headquarters for the code of Conduct Bureau in Abuja”.

According to her, “the present office space for the Code of Conduct Bureau is grossly inadequate”.

The nine-storey
headquarters building to be completed in 26 months is expected “to
decongest the present overcrowded office and end separation of staff at
the annex complex”, she noted.

A boost for education

The FEC also
approved N1.71 billion for the purchase and supply of Primary 6 English
language, mathematics and science textbooks for distribution in public
schools nationwide.

The project will be
funded by the Universal Basic Education Commission (UBEC) from the 2010
supplementary budget under the Millennium Development Goals (MDGs)
textbooks initiative for the procurement of textbooks.

Mrs Akunyili said
the contract will be funded by UBEC, for which N438.6 million has
already been earmarked in its 2010 Supplementary Budget 2010, as part
of its efforts to meet the MDG’s textbooks initiative of the UBEC.

The minister of
education had gone to the FEC with a memo “seeking council’s approval
for the award of contract for the printing and distribution of English
language, mathematics and activity-based science books for Primary 6
pupils in public primary schools nationwide, under the MDG’s textbook
initiative by UBEC”.

Mrs Akunyili stated
that “in efforts to consolidate on the achievements made in the
provision of textbooks to public primary schools, the federal
government appropriated N4 billion under the MDGs Textbooks Initiative
for the procurement of textbooks for pupils in public schools
nationwide.

“The textbooks will be customized with the inscription: “MDGs-UBEC TEXTBOOK INITIATIVE 2010 – NOT FOR SALE”.

The contract is awarded to a total of seven companies, with a completion period of six weeks.

The FEC also
approved the ratification of the extension of contract for operation,
maintenance and staff training for the Wupa Basic Sewage Treatment
Plant in Abuja which was commissioned in May 2007. The 12-month
contract valued at N733.31 million is to be funded from the N800
million provision made in the FCT Statutory Appropriation for the
maintenance of the plant.

Mrs Akunyili said the extension of the one-year contract will “allow
sufficient time for the development of local expertise to grasp the
rudiments of the operation and maintenance of the plant”.

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ANPP leadership crisis deepens

ANPP leadership crisis deepens

The crises rocking
the All Nigeria Peoples Party (ANPP) took a turn for the worse
yesterday as a faction of the party headed to court to stop the meeting
of the National Executive Council (NEC) slated for today.

John
Odigie-Oyegun, a member of the splinter faction which last Friday said
it has sacked the National Working Committee (NWC) of the party, said
it wants the court to stop the meeting because it is an illegal
assembly.

He told NEXT in an
interview that, “The tenure of Edwin Ume-Ezeoke’s leadership of the
party expired today (yesterday) having assumed office on September 2,
2006. Our constitution allows a four -year tenure. So, we are in court
already and we joined INEC.”

Court can’t stop us

However, Emma
Eneukwu, the publicity secretary of the party, said these allegations
will not stop the congress, adding, “We’ve not got any court paper. In
any case, what is the big deal in going to court?

It is you media
that is making these people important. Come to the meeting tomorrow
(today) and see for yourself.” The leader of the faction, Muhammed A.
Muhammed, a senator, could not be reached as calls to his mobile
telephone yesterday went unanswered.

“Our NEC meeting is still holding tomorrow (today). We are going ahead and there is nothing stopping us,” Mr Eneukwu insisted.

The group which
announced the dissolution of the Ume-Ezeoke-led working committee is
believed to be loyal to the Kano State governor, Ibrahim Shekarau, who
has announced his intention to contest as presidential candidate of the
party. It appointed Mr. Muhammed to head a transition committee
mandated to run the party pending the conduct of its national
convention where new officers are expected to emerge.

Divided interest

Members of the
splinter group include a former governor of Kogi State, Abubakar Audu,
and chairmen of the party from Anambra, Nasarawa, Kebbi, Rivers, Kano
and Ebonyi.

The Independent
National Electoral Commission (INEC) which reportedly sent two
representatives to last Friday’s NEC meeting however turned around to
say that the splinter group did not give it the mandatory 21-day notice
required by the Electoral Act before holding the NEC meeting.

In its reply, the
splinter group accused INEC of “double standard” insisting that the
21-day notice was required only for national conventions and not NEC
meetings.

According to it, only a seven-day notice was required, which it gave.

The ANPP had
earlier in the year, postponed its national convention twice over the
inability to meet the electoral commission’s notice requirement. But
there were reports that the disagreement over the zoning of party
offices, particularly those of chairmen and secretary, actually
informed the postponement.

At its meeting in
Abuja late July, the national caucus of the party, adopted a zoning
formula which will allow the South East geo-political zone to produce
the chairman while the North East zone retains the post of the national
secretary.

However, some
members of the party, including Mr Shekarau’s loyalists, reportedly
expressed dissatisfaction with the formula, which has the backing of
two of the party’s governors, Ali Modu Sheriff of Borno State and
Ibrahim Geidam of Yobe.

The two governors are said to be opposed to the presidential
ambition of Mr Shekarau. They are also said to prefer Harry Akande, a
billionaire from Oyo State as the party’s national chairman in the
South West.

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Be computer literate or lose your job

Be computer literate or lose your job

The Ondo State
governor, Olusegun Mimiko yesterday directed the state Head of Service
to immediately start compiling a list of workers who are not computer
literate for retirement.

The governor gave
the directive while declaring open the maiden edition of Council of
Information summit, held in Akure, the Ondo State capital.

Mr Mimiko said the
affected civil servants – from grade level 12 upwards – who have no
computer education, have a December deadline to learn how to use the
computer or face the sack. He said despite all appeals to civil
servants to enroll in computer schools, many of them have failed to do
so.

“Since the world
was now a global technological village, harbouring computer illiterate
as senior bureaucrats will be a disservice to the people of the state,”
he said. “The December deadline for all Grade Level 12 officers in the
state civil service to get computer education or leave the service for
new set of vibrant graduates who are well equipped, stands.

“The Head of
Service is here, and I am now giving him a directive to start compiling
the names of those without computer training. They should leave the
service so that we can inject news bloods into the system.”

The governor stated
that for a nation to be free from massive unemployment, efforts must be
geared towards revolutionising agriculture and technology so emphasis
must be placed on creation of jobs through agriculture, a field now
neglected by Nigerians.

“Specifically, when
youth who are jobless are directed towards development of technology,
the nation will reap from it,” he said, adding “That is why Ondo State
recently trained about one hundred graduates on technology advancement.
These youths after six weeks of training, the youths assembled a panel
of solar powered component which is still functioning today”.

The state
commissioner for Information, Ranti Akerele, said the programme was
organised to ensure that government information are properly managed.
He added that the programme would go a long way in ensuring that
government information managers are exposed to modern day training.

The Guest Speaker,
Yinka Lanihun, an associate professor at the University of Ibadan, said
the world has become a global village where information is disseminated
through the aid of Internet, and urged state governments to make use of
ample opportunities provided by the new technology.

“Government should make use of available opportunities on the
Internet, like facebook, twitters and other sites to inform the
populace about government activities,” Mr Lanihun said.

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Action Alliance adopts Gbemi Saraki as governorship candidate

Action Alliance adopts Gbemi Saraki as governorship candidate

Action Alliance has declared its support for Gbemisola Saraki to run for the governorship of Kwara State.

Ms Saraki, a serving senator from Kwara State, is a sister of the current governor of the state, Bukola Saraki, who has declared his interest to run for the presidency in the next general elections.

While the party supports Ms Saraki, its chairman, Suleiman Salawu, said they do not support the ambition of her brother, Mr. Saraki.

Mr. Salawu told reporters on Wednesday that Mr. Saraki is
inexperienced for the presidency of Nigeria.

“He is not experienced at all,” he said.

He argued that of the current gubernatorial aspirants in the state, Ms Saraki is the best despite claims that her emergence will enshrine lordship of the Sarki dynasty in the state.

Mr. Salawu claimed that 57 political parties, including his, met and adopted the candidacy of Ms Saraki.

“Ms Saraki is one of the 15 gubernatorial aspirants and for her track record which have become open to the people of Kwara State, she is hereby adopted as our sole candidate under your People’s Democratic Party (PDP) platform for the coming 2011 gubernatorial elections,” Mr. Salawu said in a letter he wrote to the chairman
of PDP, on Monday.

He urged the PDP to also adopt Ms Saraki as their candidate.

Support for Jonathan The party leader also added that his party will not be fielding any candidate in the presidential election and will support the ambition of President Goodluck Jonathan.

The group’s support is an addition to the already 1027 independent groups campaigning for the president to run in the coming election even though he is yet to declare his interest in the job.

The Action Alliance chairman berated other contestants who have expressed their interest in the race saying they are selfish and not good enough for the nation.

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Electoral body to reject faulty party primaries

Electoral body to reject faulty party primaries

The Independent National Electoral Commission has
promised to punish political parties who mock their internal democratic
rules and illicitly substitute candidates after college nominations.

Attahiru Jega, the INEC chairman, said part of the
commission’s approach to delivering credible elections will be to
ensure there is internal democracy in parties.

“If you don’t follow the rules of conducting
primaries, by law we can decide not to accept it,” he told a women
rights advocacy team yesterday.

“We want parties to be serious and respect their own rules.”

The group, led by Women Affairs Minister, Josephine
Anenih and the chairpersons of the Senate and House committee on Women
Affairs, Eme Ekaete and Binta Garba respectively, said it needs the
support of the commission to help scale up women’s participation in
politics nationwide, and part of the bane disallowing that, is the
culture of arbitrary replacement of candidates after primaries, in
which women, the team said, are often the victims.

Not shy to punish

Responding to questions on how that will be tackled,
Mr. Jega said parties breaking their internal basic guidelines will not
escape sanctions.

“We will not be shy to apply the sanctions if and
when it becomes necessary to do so. Anything we are permitted to do by
the law, we will do,” he said.

He said the commission is “working extra hard” and
“examining and re-examining” options driven at improving issues of
logistics vital to curbing the late arrival of election materials at
polling centres, another challenge that has helped mar Nigeria’s polls.

“It is possible to do it and we are applying our mind and energy to
getting that right,” he said. Mr. Jega said he still believes securing
good elections, “is not an impossible task, it is doable and we will do
our best.”

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South African envoy explains hostility to Nigerians

South African envoy explains hostility to Nigerians

Although Nigeria
contributed much to liberate South Africa from the stranglehold of
apartheid and, thereafter, threw her economic doors wide open for South
African investors and goods, these actions have not stopped a low
estimation of her citizens by South Africans, the South African High
Commissioner to Nigeria, Kingsley Mamabola, said on Tuesday, in Abuja,
at a meeting with the minister of interior, Emmanuel Ihenachor.

Answering a
question from NEXT at the meeting planned to explore ways of broadening
the existing bilateral relationship between both countries, Mr.
Mamabolo gave reasons for the increasing hostilities and physical
attacks launched against Nigerians in South Africa.

According to him,
the regard for Nigerians in South Africa is very low because the
criminal activities of a few Nigerian citizens there are the most
visible things to the hosts. He denied, however, any insinuation of
government backing for the attacks, insisting that a lot of effort was
being made to offer Nigerians in South Africa more protection under the
law.

“There is a lot
that needs to be done about the perception of South Africans about
Nigerians. The perception South Africans have about Nigerians is not
good at all. Those Nigerians of a very tiny percentage – I will say
just about one percent – engage in crimes that are generally seen by
all and which overshadow the good works of the majority of Nigerians.

“South Africa is a
law abiding society. There is law and order in our country. There is no
lawlessness. South Africans as a whole fight for human rights in
general. So, it is not true that the government is not doing anything
on the situation. It is only in the newspapers that you see that (the
hostility against Nigerians),” Mr. Mamabola said.

Responding, Mr.
Ihenachor openly refuted a tag of ‘haven of piracy’ and related
criminal activities wrongly placed on Nigeria in the global maritime
industry.

Poor perception

The minister
denounced the poor perception and challenged promoting the perception
to either show evidence of the high activities of pirates in Nigeria or
stop the image smear.

“I remember that he
said that when he (Mr. Mamabolo) was posted here (to Nigeria), people
were saying: ‘why are they punishing you? Why are they sending you
here?’

“Now, he is enjoying Nigeria. It is an issue of perception,” the Nigerian minister said.

“If you read the
papers and go on the Internet, you will never want to come to Nigeria
because they say Nigeria is the second piracy capital in the whole
world. This is untrue. I, as a master mariner, I have always been
saying that I have not seen even one pirate in Nigeria. I do not know
where those reports are coming from. If you report that Nigeria is a
piracy nation, then there is a tendency that insurance on all the goods
coming to Nigeria will rise,” Mr. Ihenachor said.

Mr. Mamabolo
promised to look into the case of the deportation of a Nigerian from
South Africa for non-possession of yellow card, with a view to
preventing a future occurrence.

Apart from
immigration issues, other areas the FG is planning to explore through
the meeting with the South African government include prison management
and maritime enterprise.

The South African
government says it hopes to learn from Nigeria how it has successfully
engaged in international peacekeeping for years now, as well as how it
has effectively managed the conflicts of its federating units to form
unity in diversity.

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