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Arewa Consultative Forum congratulates Jonathan

Arewa Consultative Forum congratulates Jonathan

The Arewa
Consultative Forum (ACF) has congratulated the President-elect,
Goodluck Jonathan over his victory in the just-concluded general
elections.

The forum has also condemned the call for the abolition of the National Youth Service Corps scheme (NYSC).

The ACF had
earlier opposed the candidacy of Mr Jonathan and the jettisoning of the
zoning arrangement of the Peoples Democratic Party (PDP), insisting
that the North should be allowed to complete its second term based on
the zoning arrangement.

In a communiqué
issued at the end of the meeting of the National Working Committee
(NWC) chaired by the chairman, Aliko Mohammed yesterday in Kaduna, the
body congratulated all the state governors, members of the National
Assembly as well as State Assembly members for their successes at the
polls.

The communiqué
signed by the National Publicity Secretary Anthony Sani, also commended
the chairman of the Independent National Electoral Commission (INEC),
Attahiru Jega for conducting what the forum described as “elections
that have been generally adjudged by both the local and international
observers to be better than previous elections.” “As to the losers, the
forum congratulated them for their spirited efforts in providing the
electorate with alternative platforms needed in a democracy, since
democracy without opposition is a sham.

“Losers should,
therefore, be magnanimous in defeat and seek redress through due
process of law where it is absolutely necessary. Victors on the other
hand should recognise the fact that governance is an art of balancing
competing demands among constituent parts of the united whole.” The
group continued, “While condemning the killings of some NYSC members
who were victims of the violence in some parts of the country, it is
the considered opinion of ACF that the NYSC scheme should not be
abolished. This is precisely because the ideas of fostering national
unity which informed the establishment of NYSC are still relevant.

“What is more,
scrapping NYSC is as good as saying people should not settle outside
their states of origin. Therefore, NYSC scheme should be retained and
spirited efforts be made to ensure the security of members.”

“The forum also
called on victors from the just concluded elections to have a realistic
appreciation of the circumstances of their emergence and make
consciously direct efforts by bringing Nigerians together and enable
them to unleash their synergy by way of living up their collective
challenges.

“This is very necessary because no nation thrives on the victory of
its factions but through their ultimate reconciliations. And in order
to make the desired results come to pass, governments must be peopled
by those with vision, conviction, public intelligence and with
patriotic courage needed to tell power not just what it wants to hear
but also what it needs no hear.” ACF emphasised.

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Governors not against minimum wage, says Obi

Governors not against minimum wage, says Obi

The Anambra State
Governor, Peter Obi has said that but for lean resources, every
governor in the country would be willing to implement the new minimum
wage structure approved by the National Assembly. Mr Obi, who is deputy
chairman of Nigeria’s Governor’s Forum, said yesterday in Awka that
though it is good for Nigerian workers to have a good wage structure,
the resources available to state governments might not be enough to pay
the approved packaged. He said a meeting of the Governors’ Forum had
unanimously agreed that the federal government takes too much of what
accrues to the nation and there is need to re-adjust, because what is
left to the states is not enough to enable them to pay.

“For instance,
where federal facilities located in some states are either privatised
or commercialised, the states lose those sources of revenue and get
poorer,” Mr Obi said. He said the sooner this was redressed, the better
for all Nigerians.

APGA did well

Asked if he was
satisfied with the performance of APGA in the state in the last general
election, where the party failed to win any of the three senatorial
seats, Mr Obi said: “The last general election was fairly a
representative of the wishes of the people,” he said. “The way you know
which party is more acceptable is result of election in strategic areas
of Onitsha, Nnewi and Awka. That is Awka North, Awka South, Onitsha
North, Onitsha South, Nnewi North, Nnewi South and that is how to
determine whether we do well or not.”

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Cote d’Ivoire’s quest for truth will hurt

Cote d’Ivoire’s quest for truth will hurt

As Cote d’Ivoire
becomes the latest African country to subject itself to a truth and
reconciliation commission, the lesson it can learn from past efforts is
two-fold: it is going to hurt, and it could take years.

Experience from
post-apartheid South Africa to post-war Sierra Leone shows such
exercises can help a country draw a line under the past, even when many
victims are left dissatisfied.

But Ivorien
President Alassane Ouattara must ensure all sides are heard and must
avoid rushing the pace for the sake of political expediency if he is to
heal wounds ripped open for the second time in a decade.

“Although the truth
side of it is very important, very often what actually happened is
known by many people,” said Yasmin Jusu-Sheriff, first executive
secretary of Sierra Leone’s 2002-2004 Truth and Reconciliation
Commission (TRC).

“It’s how you deal
with it, and how you live with it after it happens … While it can’t
go on for ever, it shouldn’t be too much of a time-bound process,” she
told Reuters.

Yet Ouattara seems
to be in a hurry to get things going after the April 11 ousting from
power of rival Laurent Gbagbo, whose refusal to accept defeat in a
November election triggered a fourth-month power struggle in which
thousands died.

He has pledged to set up a South African-style TRC within two weeks and has already filled the key post of chairman.

“It is positive
that the President has announced plans for a commission, but we urge
him not to rush,” Desmond Tutu, who chaired South Africa’s TRC in the
1990s, warned after talks with Ouattara in Cote d’Ivoire this week.

Curing Ivorien ills

The mandate,
structure and aims of Cote d’Ivoire’s TRC process will all help
determine whether it can succeed in rooting out an ill which may prove
harder to diagnose and cure than the trauma of apartheid inflicted on
millions of South Africans.

Although Ivoriens
rubbed along for years following independence from France in 1960, a
debate over nationality exploded in 1999, culminating in a 2002-2003
civil war marked by ethnic bloodshed and which split the country
between north and south.

The November 28
election was hoped to seal reunification but the southerner Gbagbo’s
refusal to accept the victory of Ouattara, a northerner, only made
matters worse.

When pro-Ouattara
troops headed south to Abidjan in late-March, hundreds died in an orgy
of ethnically-motivated violence still not fully explained.

Ouattara’s choice
for TRC chairman of ex-premier Charles Konan Banny appears designed to
show neutrality. Ex-banker Banny is an uncontroversial figure from the
central Baoule ethnicity and will be flanked by one Christian and one
Muslim deputy.

But the TRC’s mandate has not yet been publicly defined. It is not
clear whether Banny will have the right to subpoena alleged wrongdoers
to give testimony, nor what will happen to them afterwards —
forgiveness or criminal proceedings.

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US says Osama bin Laden unarmed when shot dead

US says Osama bin Laden unarmed when shot dead

Osama bin Laden was
unarmed when US special forces shot and killed him, the White House
said, as it tried to establish whether its ally Pakistan had helped the
al Qaeda leader elude a worldwide manhunt.

Pakistan faced
national embarrassment, a leading Islamabad newspaper said, in how to
explain that the world’s most-wanted man was able to live for years in
the military garrison town of Abbottabad, just north of the capital.

Islamabad vehemently denies it gave shelter to bin Laden.

“There is an
intelligence failure of the whole world, not just Pakistan alone,”
Prime Minister Yusuf Raza Gilani told reporters in Paris. “(If there
are) … lapses from the Pakistan side, that means there are lapses
from the whole world.” The revelation that bin Laden was unarmed
contradicted an earlier US account that he had participated in a
firefight with the helicopter-borne American commandos.

Al Arabiya television went further, suggesting the architect of the 9/11 attacks was first taken prisoner and then shot.

“A security source
in the Pakistani security quoted the daughter of Osama bin Laden that
the leader of al Qaeda was not killed inside his house, but had been
arrested and was killed later,” the Arabic television station said.

White House
spokesman Jay Carney on Tuesday cited the “fog of war” – a phrase
suggested by a reporter – as a reason for the initial misinformation.

Bin Laden’s killing
and the swift burial of his body at sea have produced some criticism in
the Muslim world and accusations Washington acted outside international
law.

“The Americans
behaved in the same way as bin Laden: with treachery and baseness,”
Husayn al-Sawaf, 25-year-old playwright said in Cairo. “They should’ve
tried him in a court. As for his burial, that’s not Islamic. He
should’ve been buried in soil.”

But there has been
no sign of mass protests or violent reaction on the streets in South
Asia or the Middle East, where Islamist militancy appears to have been
eclipsed by pro-democracy movements sweeping the region.

Washington will
weigh sensitivities in the Muslim world when it decides whether to
release photographs of bin Laden’s body which could provide proof for
skeptics of his death.

Bin Laden was shot
in the head. “It’s fair to say that it’s a gruesome photograph,” Carney
said. “I’ll be candid. There are sensitivities here in terms of the
appropriateness of releasing photographs.”

Pakistan has
welcomed bin Laden’s death, but its foreign ministry expressed deep
concerns about the raid, which it called an “unauthorized unilateral
action.”

The CIA said it
kept Pakistan out of the loop because it feared bin Laden would be
tipped off, highlighting the depth of mistrust between the two supposed
allies.

US helicopters
carrying the commandos used radar “blind spots” in the hilly terrain
along the Afghan border to enter Pakistani airspace undetected in the
early hours of Monday.

The Pakistani
newspaper Dawn compared the latest humiliation with the admission in
2004 that one of the country’s top scientists had sold its nuclear
secrets. “Not since Abdul Qadeer Khan confessed to transferring nuclear
technology to Iran and Libya has Pakistan suffered such an
embarrassment,” it said.

The streets around
bin Laden’s compound in Abbottabad remained sealed off on Wednesday,
with police and soldiers allowing only residents to pass through.

“It’s a crime but
what choice are you left with if I’m not handing over your enemy who is
hiding in my house?” said Hussain Khan, a retired government official
living nearby, when asked about the apparent violation of Pakistan’s
sovereignty. “Obviously you will go and get him yourself.”

Unarmed resistance

Carney insisted bin Laden resisted when U.S. forces stormed his compound in the 40-minute operation. He would not say how.

“There was concern
that bin Laden would oppose the capture operation and, indeed, he
resisted,” Carney said. “A woman … bin Laden’s wife, rushed the US
assaulter and was shot in the leg but not killed. Bin Laden was then
shot and killed. He was not armed.”

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Foreign investment in Africa to reach $150b by 2015

Foreign investment in Africa to reach $150b by 2015

Africa could
attract billions of dollars in new investment over the next few years
as emerging market investors search for higher returns and foreign
perceptions of risk improve, Ernst & Young said on Tuesday.

The global
accounting firm said in a report titled “It’s time for Africa” that
foreign direct investment (FDI) into the continent was forecast to
reach $150 billion by 2015 from $84 billion in 2010, driven by strong
growth in new projects from next year.

Ernst& Young
surveyed over 562 global executives on where they would invest over the
next decade and 42 percent of them were considering investing further
in Africa while an additional 19 percent confirmed maintaining
operations in the region.

The report said the
continent was becoming increasingly attractive to international
investors planning new developments and expanding existing ones and
that perceptions were becoming increasingly positive over the longer
term.

It identified Asia as the only continent ahead of Africa in terms of investors’ perceptions.

“While Africa’s
challenges are well documented, there is an increasing recognition that
the continent is on an upward trajectory; economically, politically and
socially,” Ernst & Young’s said in its 2011 Africa attractiveness
survey.

It projected GDP to
grow to $2.6 trillion by 2020 from $1.6 trillion in 2008 and consumer
spending to increase 62 percent to $1.4 trillion over the same period.

Investors’ interest

Key sectors
targeted by investors include consumer products, construction,
telecoms, financial services and mining and metals — perceived to have
the highest growth potential over the next few years.

The survey showed
emerging market investors were positive about Africa’s attractiveness,
viewing the region as critical to their own growth, while developed
markets investors were cautious, saying that the region still needed to
develop further.

The African
continent, home to one billion people, had long been ignored by
international investors who only thought of the region in terms of
political instability and corruption.

But as the majority
of the 54 countries which make up Africa embrace democracy and install
reform-minded governments, analysts say the world’s poorest continent
and least tapped frontier markets could fast become a diamond in the
rough.

Ernst& Young
said investments in the continent by African countries grew 21 percent
between 2003-2010, but actual amounts were less than invested by other
emerging economies.

It highlighted the
high levels of risk involved in investing in Africa but said the
profitability levels compensated for the risk and that some sectors had
little competition.

“Despite the
improving perceptions of Africa, it is in competition for the
international capital and resources that will help drive and sustain
growth and social development,” it said.

“It is currently ranked in the same category as Latin America and Eastern Europe in terms of attractiveness for investors.”

REUTERS

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Government bickers with National Assembly over budget deficit

Government bickers with National Assembly over budget deficit

The
federal government said it plans to cut budget deficit from 4.1 percent
of deficit recorded last year to about 3.6 percent in 2011. Bright
Okogwu, director general in the budget office said the determination to
achieve this cut is at the heart of the non passage of the 2011 budget
into the second quarter of the year.

The
federal government had sent a budget proposal of N4.23 trillion to the
National Assembly for consideration. Out of this amount, N2.48 trillion
or 58.8 percent was earmarked for recurrent expenditure while N1.01 was
for capital expenditure. This figure was upped by 17.7 percent to N4.97
trillion, an increase of over N745 billion by the legislators, thereby
inflating the budget above the threshold set by government.

The
President had based his estimates on crude oil benchmark of $65 per
barrel which was raised to $75 by the Senate which also increased the
allocation to the National Assembly from N111.24 billion to N 232.74
billion, representing 4.7 percent of the total budget.

Trimming the budget

Answering
questions yesterday on the delay in the passage of the budget at the
regional economic outlook summit organised by the International
Monetary Fund (IMF) in Lagos, Mr Okogwu said the executive was still
meeting with the lawmakers on ways of trimming the budget to acceptable
level.

“We
are currently in negotiation with the National Assembly. The idea is to
restructure the budget. We believe that it needs to be changed to some
extent. As part of the fiscal consolidation, we proposed a budget
deficit of 3.6 percent of GDP (Gross Domestic Product) which means that
in reality, we are looking to come to about 3 percent of GDP.” He said
part of the fiscal consolidation of government includes improving the
revenue generation side and to block leakages. “What came out was about
4.1 per cent and that is why the minister for finance has said the
budget is not implementable. We had a meeting with the leadership of
the National Assembly and we have agreed that the budget will be
amended to some extent to a level that will fit in with our suggestion
about fiscal consolidation. The idea is not to spend all that comes to
you but to save some for the future years when things may not be so
good and for future generation,” Mr Okogwu said.

He
admitted that the election programme also affected the budget
negotiation adding that now that the elections are over, the parties
would return to finding the middle ground.

Increase interest rates

In
its outlook, the IMF said sub-Saharan African countries need to
increase interest rates in order to encourage foreign investment
inflows and stimulate growth, in the aftermath of the global financial
crisis. Abebe Selassie, divisional chief, African department of the IMF
said though many countries in the region have demonstrated resilience
during the crisis, it was time for them to move ahead. “Fiscal policies
should move away from supportive stance to more neutral stance. Rates
have been accommodative but now that there is recovery, rates should be
more neutral,” he said.

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Stock Exchange’s new executive director resumes

Stock Exchange’s new executive director resumes

The Nigerian Stock
Exchange (NSE) yesterday announced that Adeolu Bajomo, the newly
appointed executive director in charge of the Exchange’s Market
Operations and Information Technology Department, has resumed duty.

The Exchange’s
spokesperson, Wole Tokede, said Mr Bajomo’s resumption from Barclays
Bank, where he worked as the head of Replatforming Programme for Africa
and Indian Ocean region, would be a boost to the management of the
Exchange.

Oscar Onyema, the
chief executive officer of the Exchange, who also resumed last month,
in a statement yesterday said, “This is a key addition to the NSE
management team, and we are excited about the potential to rapidly move
the NSE transformational agenda forward.”

The new executive
director said that he sees his employment at the Exchange as a
privilege and opportunity to use his professional experience spanning
over 23 years to contribute his quota to the growth and development of
his fatherland.

“I am excited about
being back in Nigeria and joining the Exchange at this critical point
of the economic development of our great country. I am looking forward
to contributing to the transformation of the Exchange and repositioning
it for sustainable growth and wealth creation for the benefit of our
operators, and realising its full potential both regionally and
globally,” Mr Bajomo said.

The appointment of
a substantive chief executive officer and executive directors for the
Exchange was part of agenda put in place by the Securities and Exchange
Commission, the capital market regulator, following its intervention in
the management of the Exchange last year.

Trading performance

Meanwhile, the
value of equities at the Exchange yesterday rebounded appreciably after
recording losses on Monday. The Exchange market capitalisation of the
194 First-Tier equities closed yesterday at N8.014 trillion after
opening the day at N8 trillion, reflecting 0.18 per cent or N14 billion
gains.

A total of 27
stocks appreciated in price on Tuesday lower than the 28 recorded the
previous trading day, while 27 stocks depreciated in value higher than
the 23 of last Friday.

Neimeth
International and Custodian & Allied Insurance topped the price
gainers’ table with an increase of five per cent each, to close at
N1.47 and N3.15 per share, respectively. Berger Paints and Cement
Company of Northern Nigeria followed in the chart with an increase of
N4.96 and N4.95, to close at N12.48 and N10.60 per share.

On the flip side,
Glaxo Smithkline and Paints & Coating Manufacturer led on the price
losers’ chart with a loss of 4.96 and 4.92 per cent respectively, to
close at N24.13 and N2.32 per share. Eterna Oil and International
Breweries followed with a decrease of 4.88 and 4.79 per cent, to close
at N4.68 and N5.76 per share.

The Banking
subsector maintained its lead as the most active with 204.857 million
quantities of shares, valued at N1.805 billion. The subsector’s volume
was largely driven by shares of United Bank for Africa, First Bank and
Guaranty Trust Bank.

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Entrances and Exits: a personal journey

Entrances and Exits: a personal journey

In December of
2010, I left Lagos for a week to go back to my village, the scenes of
my childhood and my ‘primary colours’, with the sole purpose of
discovering what has influenced my art over the years. Some things I
could pull from memory, but there were many I had forgotten or never
really experienced. With a keen eye and a camera, I set to work; and
what I discovered about my heritage and ancestral home was shocking to
me. Until then, I did not realise that, over the decades of my art
practice, I have unconsciously been feeding off of what was always
there as part of my everyday life when I was growing up, which I never
paid much attention to. The numerous shrine walls in neighbouring
villages, the painted mud walls of my grandmothers’ homes, my uncles’
decorated rooms and other villagers’ walls were all beaming with
different kinds of art. I photographed as many as possible, because it
was obvious that many people no longer care about these ‘primitive and
pagan’ arts.

With some of the
walls and art already gone, and a very few left, I set to work on what
remained. Some of the bold use of earth tone colours on walls reminded
me of Mark Rothko’s large canvasses. The valour with which colours,
patterns and designs were engraved or drawn on walls, doors and other
surfaces fueled my drawings with chalks on the bare, dilapidated walls.
Because I considered the chalk on wall drawings temporary, I decided to
photograph them for posterity; and perhaps in so doing, I could show
the world things that may not ordinarily be seen in their natural
state.

I thought I would
stop at the drawings on walls and doorways. However, I found myself
thinking about the history behind the walls and the doors I drew on in
the village, and so I decided to extend the experience to my studio in
Lagos. People that have come and gone in my life over time through the
passageways kept playing in my memory. My grandmothers, my father and
many of my uncles who have left, came alive again. The doors I
rejuvenated through art, were the same ones they traversed while alive.
I began to look at the duality of the doorway, a passageway for entry
and exit, life and death, night and day. Life itself is full of doors,
whether real or imagined. I am yet to see any human that hasn’t gone
through a door. Whatever we do when we enter or exit from any door in
life is what shapes our lives as humans on earth.

It is also
pertinent to say that the works in ‘Entrances and Exits’ go beyond
physical doors; they signify transitions in life. In between the
comings and goings, memories are built constantly. Memories of how we
move from one phase of life to another, from childhood to adulthood,
boy to man, girl to woman, life to death, etc. The events that
orchestrate these transitions are mystical, not physical, and sometimes
invisible, yet they manifest as some kind of door.

All materials used
in producing these paintings and drawings are physically cut in the
shape of doors, in order to reveal another side of the same work. This
is symbolic of the openings and closings that are associated with
doors. Birth and death have doorways, be it a woman’s birth canal or
the gaping grave on the earth.

Victor
Ehikhamenor’s ‘Entrances & Exits: In Search of Not Forgetting’
opens at the Centre for Contemporary Art (CCA), 9 McEwen Street, Sabo,
Yaba, Lagos on Saturday, May 7, and will be on display until May 28.

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Fadahunsi launches book

Fadahunsi launches book

“There
are autobiographies and there are autobiographies. When a person who is
more than 91 years old writes his autobiography, that in itself is
worth celebrating.” These were the words of Dupe Olatunbosun, chair of
the Book Presentation Committee of ‘Reflections on the Events of My
Life’, the autobiography of Samuel Babatunde Fadahunsi.

Olatunbosun was
speaking at a press conference for the book, which is set for launch at
11am on Thursday, May 5, at the Agip Hall of the Muson Centre in Lagos.
Fadahunsi is respected for his contribution to the growth and
development of engineering in Nigeria. He retired in 1972 as the first
Nigerian chief executive officer of the Lagos Executive Development
Board. He is credited with planning and town development in the Lagos
metropolis, including the Lagos Island, Surulere and Ilupeju areas of
the city.

Also at the press
conference was Olu Falomo, the chair of Reckitt Benckiser Nigeria Ltd,
who said the book is a reflection on the past that gives insight into
the future. He further described it as a celebration of the life of a
humble, respected public servant whose career spanned 60 years.

Olatunbosun commended the author for taking the trouble to write
about his life at the ripe old age of 90. “This is a call to Nigerians
from all walks of life, particularly the younger generation, to come
and learn from Mr Fadahunsi’s excellent life of service to his
community and his nation,” Olatunbosun said. The special guest of
honour at the launch will be former head of state, Yakubu Gowon, while
Reuben Abati of the Guardian newspaper, will review the book.

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Salif Keita in Lagos this week

Salif Keita in Lagos this week

Malian music
superstar Salif Keita will headline the first VIP Club Nite of
Francophone World Music, which holds at the Oriental Hotel in Lagos
this week.

Known as ‘the
golden voice of Africa’, Salif Keita is one of the most successful
exponents of African music on the international scene. In addition to
his infectious Afro-pop sound, Keita is also an activist on behalf of
his fellow albinos, who are targets of ritual killings in many African
countries.

Jimi Sadare of
Effrakata Entertainment, promoters of the show, which commences at 8pm
on Friday, May 6, said the event is part of activities for the
re-branding of the company’s former ‘Francophonynite’ into a VIP night
of Francophone world music. “The event will be a night of blending the
Francophone with Anglophone; it will be fun. I have been friends with
Salif for close to 10 years, his music has a therapeutic effect on me.
That is why am bringing him for Nigerians to enjoy what I have been
enjoying,” he said.

When asked about
his company’s focus on Francophone artists, the soft-spoken Sadare
said, “It will be my joy to bring recognition to Nigerian acts also. I
discovered Francophone musicians when I was exploring countries like
Mali, Togo. There was so much peace and fun there, and the music is so
soothing, that is what am trying to transport to Nigeria.” He told
reporters that he was the first person to promote a Nigerian artist in
Francophone countries. “Flavour performed in Lome through my company,
and am willing to sell more Nigerian acts.”

According to the
travel and entertainment boss, the VIP Club Nite is targeted at mature
minds, members of the diplomatic corps, expatriates, celebrities and
others. The Salif Keita show will be the first of quarterly VIP Club
Nites, while the Francophone World Music night will hold monthly,
attracting both foreign and indigenous artists to perform for select
audiences.

Also on the bill for the Oriental Hotel show are music acts like the
Afrobeat/jazz band, Ayetoro, as well as deejays from Togo and the
Republic of Benin.

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