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Prisoner of Damascus
Prisoner of Damascus
In all my 50 years,
I have never held a passport. Other than visiting Lebanon, I’d never
left Syria when, in fall 2004, I was barred from leaving the country. I
tried many times afterward to get a passport, but to no avail.
I spent 16 years of
my youth in my country’s prisons, incarcerated for being a member of a
communist pro-democracy group. During the recent protests, many more
friends have been detained – most of them young — under the
government’s catch-all emergency laws.
The state of
emergency, under which Syria has lived for 48 years, has extended the
ruling elite’s authority into all spheres of Syrians’ public and
private lives, and there is nothing to stop the regime from using this
power to abuse the Syrian population. Today, promises follow one after
the other that these all-pervasive restrictions will be lifted. But one
must ask, will it be possible for the Baath Party to rule Syria without
the state of emergency that has for so long sustained it?
The official
pretext for the emergency laws is the country’s state of war with
Israel. However, restricting Syrians’ freedoms did no good in the 1967
war, which ended with the occupation of the Golan Heights, nor did it
help in any other confrontations with the Jewish state, nor in any true
emergencies. Because in the government’s eyes everything has been an
emergency for the last half-century, nothing is an emergency.
Syria’s struggle
against an aggressive Israel has encouraged the militarization of
political life – a development that has been particularly favourable to
single-party rule. And the suspension of the rule of law has created an
environment conducive to the growth of a new ruling elite.
In 2005, the Baath
Party decided, without any serious public discussion, to move toward
what was dubbed a “social market economy.” It was supposed to combine
competition and private initiative with a good measure of traditional
socialism. In reality, as the state retreated, new monopolies arose and
the quality of goods and services declined. Because local courts are
corrupt and lack independence, grievances could not be fairly heard.
Add to that a venal and idle bureaucracy, and the supposed economic
reforms became a justification for the appropriation of economic power
for the benefit of the rich and powerful.
Economic
liberalization was in no way linked to political liberalization. After
a half-century of “socialist” rule, a new aristocratic class has risen
in Syria that does not accept the principles of equality,
accountability or the rule of law. It was no accident that protesters
in the cities of Daraa and Latakia went after the property of this
feared and hated aristocracy, most notably that of President Bashar
Assad’s cousin Rami Makhlouf, a businessman who controls the country’s
cellphone network and, more than anyone else, represents the
intertwining of power and wealth in Syria. Today’s ruling class has
undeservedly accumulated alarming material and political power. Its
members are fundamentally disengaged from the everyday realities of the
majority of Syrians and no longer hear their muffled voices. In recent
years, a culture of contempt for the public has developed among them.
Although some argue
that the demonstrations are religiously motivated, there is no
indication that Islamists have played a major role in the recent
protests, though many began in mosques. Believers praying in mosques
are the only “gatherings” the government cannot disperse, and religious
texts are the only “opinions” the government cannot suppress. Rather
than Islamist slogans, the most prominent chant raised in the Rifai
Mosque in Damascus on April 1 was “One, one, one, the Syrian people are
one!” Syrians want freedom, and they are fully aware that it cannot be
sown in the soil of fear, which Montesquieu deemed the fount of all
tyranny. We know this better than anyone else.
A search for
equality, justice, dignity and freedom — not religion — is what compels
Syrians to engage in protests today. It has spurred many of them to
overcome their fear of the government and is putting the regime on the
defensive.
The Syrian regime
enjoys broader support than did Hosni Mubarak in Egypt or Zine El
Abidine Ben Ali in Tunisia. This is a source of strength, and one that
Assad appears not to consider when he relies on the security forces to
quell protests. If the regime is to keep any of its deeply damaged
legitimacy, it will have to answer the protesters’ demands and
recognize the popular longing for freedom and equality.
Whatever the
outcome of the protests, Syria has a difficult road ahead. Between the
pains of oppression and the hardships of liberation, I of course prefer
the latter. Personally, I want to live nowhere but in Syria, although I
am looking forward to acquiring a passport to visit my brothers in
Europe, whom I have not seen for 10 years. I also want, finally, to
feel safe.
Yassin al-Haj Saleh is a writer and political activist. This essay was translated from the Arabic.
New York Times
OPINION: Two good men
OPINION: Two good men
Despite a rather
shaky start, the April national elections have kicked off and
indications so far suggest that they will be fairer and more credible
than Nigerians expected. It is true that we have only just voted in the
first of three major polls, but the account of the voting in these
elections has been fairly positive so far.
The turnout was
encouraging, though not as high as it could have been. For instance, in
Kano, a place with seven million registered voters, only two million
came out to vote. Clearly, there is room for improvement but it is a
good start, and it is likely that more voters will turn out for the
most important poll — the presidential.
Across the country,
voters seem satisfied with the conduct of the election.
When I asked a
friend in Kano — a loyal supporter of one of the parties expected to do
well in the state but which performed woefully — for his assessment, he
said: “We lost fair and square”. He didn’t make any reference to
rigging and admitted that his party’s loss was more to do with its
inability to connect with voters.
Although there were
reports of intimidation, violence, voters who couldn’t find their names
on the register, underage voting and even attempted rigging, it seems
these incidents were not widespread.
The Independent National Electoral
Commission has announced that it will be holding rerun elections in
some wards across three councils in the Anambra Central senatorial
district. Undoubtedly, over the next few days, we will see more
election cancellations in a few other places.
Results are already
being challenged in certain areas, with candidates and parties sending
petitions to the electoral umpire. Some of these cases will certainly
end up in front of election tribunals and the courts but indications
are they will be in the minority. The general consensus is that by and
large, the votes of those who went to the polls counted. The European
Observer Mission said of the polls, “We observed an overall encouraging
conduct of the elections in a generally peaceful atmosphere. Our
observers reported that the majority of visited polling units were
operational, and that accreditation and voting were mainly conducted in
a timely manner. However, problems such as inaccurate voter’s registers
and inconsistent implementation of electoral procedures were observed
and need to be addressed before the next elections.”
The architect of
this relatively free and fair poll is President Goodluck Jonathan.
Time
and time again, he has reiterated his commitment to ensuring that
people’s votes count. Many, including me, were sceptical of the
president’s utterances. It’s not surprising really because Nigerians
have become wary of listening to politicians make promises they never
fulfil. But as the English like to say, the taste of the pudding is in
the eating. So it has come to pass that the incumbent government does
not appear to have launched a rigging machine as was seen in the 2007
elections.
In order to fulfil
his promise, President Jonathan relied on Attahiru Jega to deliver
credible polls.
This, to an extent, the man has done. Last week, some
Nigerians were calling for his head; today, they are singing his
praises to the high heavens. However, the job is just starting. The
bigger test will be with the presidential polls where the stakes are
higher. Mr. Jega must use the days he has left to ensure that his
logistics arrangements are effective. That he minimises the late start
in the polls as experienced in some places last Saturday. That voter
register anomalies are corrected and also as important, make it clear
that he will have no hesitation nullifying polls which fall short of
acceptable standards.
True, our standards are low to begin with but if the presidential
and gubernatorial polls are conducted in an atmosphere of peace devoid
of massive rigging, and the majority of those who come out to vote are
able to do so, many Nigerians, even those whose candidates lose would,
I am certain, be satisfied. These polls can be the foundation upon
which we build a more credible electoral system and the winner in all
this will be Nigeria.
Things are looking up
Things are looking up
Some will remember that Omega Bank
advert with the caption ‘Things are looking up’, some years back.
Tentatively, and cautiously too, we can adapt that line for our dear
country, Nigeria, based on last Saturday’s National Assembly elections.
For a set of people that are overtly cynical of their government, and
justifiably so many times, one may be tempted not to see the new ground
the Independent National Electoral Commission has covered. Elections
have always been contentious in Nigeria right from the first set
conducted in 1959 when the country wanted to set up an independent
government preparatory to Independence, down to the 2007 elections.
It has always been filled with ballot
box-snatching, spiced with thumb printing in huts and sheds, away from
the real voters and the voting centres. In 1999, my colleagues and I,
in the course of duty as journalists, visited some places in Delta
State, and we saw people who queued patiently waiting for polling
officials and materials that never arrived. At the state capital,
Asaba, later in the night, I was stupefied to see results from those
areas. This scenario was replicated in many areas of the country. A
taxi driver once told me of how in 2007, he was among those who chased
away all the party agents at a ward in Mushin, Lagos State before
“capturing” the ballot boxes and “voting” for the party who hired them,
having bribed security agents.
But, by and large, Attahiru Jega and
INEC, under his watch, have performed better than we saw in previous
elections. Many have always referred to the June 12, 1993 elections as
the freest in our nation’s history; however, last Saturday’s elections
went well too in most places. Though the jury is still out as there was
violence, bomb explosions, and isolated unpleasant incidents across the
land, the political science professor and his staff did not do badly
especially when viewed against the fact that a logistics logjam
threatened the elections initially fixed for April 2. Clearly, things
are surely looking up.
And for those who are fond of using the
United States of America as a yardstick in these matters — conveniently
forgetting the number of years it had taken the country to get to where
she is on the democratic journey — the words of Johnnie Carson, the
assistant secretary of state on African affairs in Abuja to journalists
last Sunday, are instructive. “It is good to acknowledge the good work
of Jega and Nigerian Youth Service Corps members. People went to the
polls, they were accredited, and they voted without any hindrance. I
saw no malfeasance in any of the polling stations we visited,” said Mr.
Carson.
It might not be the tectonic shift some
Nigerians wanted in our march towards a credible democratic experience,
but it is a mighty drop in our national ocean. Just a week ago, all
eyes were on Jega as he ate that tasteless pastry that is most
unpopular with our leaders in this part of the world, humble pie, and
addressed an angry nation that elections had been postponed. Now, his
beatification process has commenced.
By the way, we ought to give credit to
Goodluck Jonathan too. He has received a lot of flak, some rightly so,
for blatantly refusing to take decisive steps needed to get Nigeria
moving in the right direction. He will, however, not be forgotten for
appointing Jega. Findings from INEC and the presidency reveal that
truly, he has given a free hand to the electoral commission to operate.
Gone was the regular executive overbearing attitude particularly
designed to give the ruling party undue advantage. We can hold him by
his words that nobody should rig for him, as he has demonstrated this
so far.
It’s the hallmark of statesmen and stateswomen that countries are
usually put above self, and we can only hope that the man from Otuoke
will demonstrate this attitude come Saturday. Resisting the pressure of
party hawks to tinker with INEC to give a helping hand (read rigging)
should be throughout the entire gamut of elections. Nigeria will be
better for it and we’re all going to be winners. Jonathan will go down
in history as a true statesman, bad performers will be voted out, and
victors will know that non-performance will earn a red card in four
years’ time while more decent people will have no qualms about entering
public service.
S(H)IBBOLETH: The guns of ‘Murderland’
S(H)IBBOLETH: The guns of ‘Murderland’
Nigeria is one of
the countries that consider the freedom to acquire, carry, and use
offensive weapons inimical to national security as well as the security
of lives and property. The basic argument underlying this arms control
is that granting citizens the freedom to carry arms in an already
volatile environment is to make the state of insecurity in the country
worse.
Contrary views on
the prohibition argue that: the law only caters for the security of
those in power as well as that of the rich and supposedly important
people in society, while making worse the insecurity of ordinary
unarmed Nigerians; the law makes the possession of arms in an insecure
society rather attractive, as citizens would secretly seek to acquire
such arms “in case” the law is unable to protect them; the law
ironically provides a boost to the illegal arms trade across Nigeria’s
porous borders with other African countries, just like it happens when
commodities are banned; and so on.
These arguments
made for and against the possession of offensive weapons are now well
known to many people. The point that should interest us is that many
Nigerians have generally ignored the prohibition and have gone ahead to
acquire and keep arms, sometimes using them openly, believing either
that the law itself is unfair or that their personal protection is
their own business, not that of the agents of the law.
The consequence of
the ignoring of the gun law is that in recent times citizens,
especially the rich and influential, keep a private armoury the same
way they buy and keep pieces of furniture in their houses; hire, arm,
and maintain private armies to guard themselves and their property; and
no doubt have guardrooms where they could detain or make their victims
disappear from the face of the earth. Some professional unions have
also gradually metamorphosed into armed militant gangs that could move
around showing off their weapons and shooting at whim, sometimes
engaging the police in a test of firepower.
The police know
these gangs stock arms but appear reluctant to take decisive measures
to ferret out the weapons and arrest the union members. As expected, if
these gun-toting union members shoot and kill non-members that they
have problems with, they turn the guns on their own members whom they
want out of the way. The union leader, who himself lives by the gun,
may easily fall by the gun, especially because assassinating him is one
quickest way of getting him out of the way so that someone else would
take his position and continue stealing the funds of the union.
Perhaps the
difficulty of the police to deal decisively with these private armies
of some unions in Nigeria is as a result of the fact that such unions
offer contract services to Nigerian politicians and the nouveau riche
in the country. They appear easy and cheap to hire for contract
killings, as well as the dirty business of causing mayhem and
terrorizing the population during elections. How would a state governor
who has been using such private armies suddenly turn and fight them? It
would take a special tactician in government to demobilize or crush an
army that has helped him in capturing power.
Under the excuse of
keeping vigilante groups, some states and communities in Nigeria
acquire and put dangerous weapons — pump action, AK47, revolvers, etc —
in the hands of retired and serving criminals who, once in a while,
snuff out the lives of innocent citizens. Of course, such vigilante
groups, in living up to “expectation”, make sure they protect the
interest of the big men that have created the local “army.” Vigilante
groups also sometimes have the secret mandate of watching oga’s
political opponents, making sure their vigilance means that such
targets are crippled, if they cannot be made to disappear. Who knows,
sometimes vigilante could try out a war game on a helpless bank, at
least to help the money in the vault regain its freedom. And, once in a
while, vigilante eats the bone hung on its neck, kidnapping some
relatives of the ogas, to find out whether some handsome naira could
make the panic journey from the mansion vault to the inner recesses of
the African jungle.
No one teaches the
wild dog when and how to reverse its roles when it thinks that enough
crumbs are not falling from oga’s table. And like any mafia
arrangement, any oga that whacks people should expect to be whacked
someday, sometimes by the very hit men in his employ.
Now the elections are here again and one could see the private
armies servicing the weapons and getting them ready for action. One
could hear the crackle and rattle of the guns of “murderland” as they
clear their throats to speak death to targets in the political
struggle. Let us hope your innocence, as a Nigerian, is more innocent
than mine.
AGAINST THE TIDE: Killing the PHD spirit
AGAINST THE TIDE: Killing the PHD spirit
Over the past few
months, I have spent an inordinate amount of time counselling people
who believe that their colleagues are attempting to sabotage their
efforts at work. Perplexed by these experiences, I consulted a range of
experts in the human resources field, who explained this growing
phenomenon in corporate Nigeria called the PHD — Pull Him/Her Down.
People who work in
PHD environments live with constant suspicion, distrust and fear. They
often believe that most of their co-workers, superiors and subordinates
are out to undermine them — that everyone is out for their own best
interest and the only way to move ahead in the company is to look out
for themselves at all costs.
This growing
epidemic troubles me deeply. You may choose to blame it on our
country’s history of ‘kleptocracy’ in all sectors of the economy, or
the growing fundamentalist Pentecostal movement, where even a cockroach
might be the enemy and deserves to die. However, regardless of the
source of this growing culture, I am convinced that our economy cannot
possibly thrive if most employees are infected by the PHD spirit.
While trying to
understand and unpack this phenomenon, I have come to appreciate that
it is hinged on the belief that someone can only move up by pulling
others down — the survival of the fittest. It is akin to the jungle
existence, where there are extremely limited resources, and people are
eventually compelled to kill others to ensure that there is enough for
them.
The fundamental
problem with this belief system is that it comes from a position of
lack, and a myopic vision of what the future could possibly hold. The
vantage point that there is a finite pyramid, and that we only have one
option which is to claw our way up and push others down in the process,
is a sad one. An alternative viewpoint would be to imagine that by
working with others, we could enlarge the pyramid, thereby creating
more space at the top, or even join others to create new and better
pyramids. I believe in growing the pie instead of fighting with others
to get a piece of a very small, and sometimes shrinking, pie.
Clearly, creating a
culture with a shared vision and values that do not allow or encourage
the PHD syndrome is tough, especially in our current context; however,
leaders in corporate Nigeria must discourage the PHD syndrome from
taking root in their organisations. Indeed, we have the responsibility
to attempt to change the mindsets of every new employee that walks in
the door, about the possibility of growing a pie so that everyone can
get a bigger piece, instead of fighting for a shrinking pie by pulling
others down.
We should strive to establish an open and transparent culture where
there is no time and no place for backbiting, infighting and office
gossip. We should celebrate team work, accountability and integrity.
This seems like utopia, but it is a culture that is possible to build.
My favourite African proverb states: “If you want to go fast, go alone.
If you want to go far, go with others.” I think it is time we started
going far in Nigeria. It is time to kill the PHD syndrome and decide to
go with others.
Investors snatch up Transcorp shares
Investors snatch up Transcorp shares
Following the
recent acquisition of billions of shares of the Transnational
Corporation of Nigeria (Transcorp) by Heirs Holdings, an investment
company, some investors are now “taking position” in the conglomerate’s
stock.
Transcorp’s shares
were the most traded stock at the Nigerian Stock Exchange (NSE) on
Tuesday with over 54.208 million volume of shares traded, while the
share price rose by 4.61 per cent to close at N1.59 per share.
Olugbenga Emmanuel,
a finance analyst at WealthZone Company, a portfolio management firm,
said, “The stock (Transcorp’s shares) is presently attractive because
of the development in the company. A new board member is expected in
the company to turn around activities,” adding that “retail investors
are currently taking position in the stock for better reward.”
Market rebounds
The market capitalisation of equities at the close of trading session on Tuesday rebounded marginally by 0.03 per cent.
The NSE market
capitalisation of the 194 First-Tier equities closed yesterday at
N7.885 trillion after opening the day at N7.883 trillion, reflecting N2
billion gains. The market had lost over N19 billion after Monday’s
transaction.
The number of
gainers on Tuesday closed higher at 31 stocks compared to the 25 stocks
recorded on Monday, while losers closed at 26 stocks; the same figure
recorded the previous trading day.
May & Baker
Nigeria and Airline Services & Logistics topped the price gainers’
table with an increase of five per cent each, to close at N4.20 and
N1.89 per share, respectively. International Breweries and First
Aluminium followed on the gainers’ table with an increase of 4.86 and
4.84 per cent, to close at N6.47 and 65 kobo per share.
On the losers’
side, UAC Property, Costain West Africa, and National Nigeria Flour
Mill led the price losers’ chart with a loss of five per cent each, to
close at N15.20, N5.32 and N19.97 per share. Glaxo Smithline Consumer
followed with a loss of 4.98 per cent, to close at N27.08 per share.
The Exchange
yesterday marked down the prices of Access Bank and Unilever stocks for
final dividend of 30 kobo and N1.10 per share respectively, as proposed
by the companies’ managements.
At the close of
trading yesterday, the Banking subsector led the most active
subsector’s chart with 199.381 million quantities of shares, valued at
N1.903 billion. Volume in the subsector was largely driven by Zenith
Bank, followed by Stanbic IBTC, Guaranty Trust, Skye, and Access Bank.
The Conglomerates
subsector was second in the most active subsectors’ chart with 55.346
million volumes of shares, valued at over N119.432 million. Transcorp,
the most traded stock for the day, largely boosted volume in the
subsector, followed by UAC Nigeria and Unilever.
Trading activities
in the Insurance subsector was third in the chart. Investors in the
sector exchanged 6.885 million volumes of shares, valued at N6.795
million. Deals in shares of Aiico Insurance, Law Union & Rock
Insurance, and Custodian & Allied Insurance boosted volume in the
subsector.
Meanwhile, the
management of the NSE yesterday reiterated its position on the
execution of “large volume/block divestment transactions” by
stockbroking firms.
The NSE, in a
statement said, “Broker must write to seek approval in writing and
explain the intention behind the transaction” while such application
“must be supported with mandates from both the buyer(s) and the
seller(s).”
This was in response to the controversy generated last week by the purchase of shares of Transcorp by Heirs Holdings.
Customers ignore many uses of ATM cards
Customers ignore many uses of ATM cards
A recent report has
shown that many Nigerians still do not know that their debit (Automated
Teller Machine, ATM) cards can be used for more than just withdrawing
cash from bank ATMs.
Over 74 per cent of
the respondents surveyed by ThinQThanQ, a research and database unit of
financial technology, a financial services technology publication that
circulates in 16 countries, said they have used their ATM cards for
only cash withdrawals.
The report also
shows that only 14 per cent of the respondents use their cards to make
purchases on the web or topped up airtime on the web, or at point of
sale (PoS) terminals or ATMs.
The publication
said data for the customer usage pattern for the ATM in 2010 were
collected from surveys conducted through random questionnaires applied
to 600 debit card holders across Nigeria. These were administered to
the survey population in Lagos, Abuja, and Port Harcourt, three leading
commercial cities in the country.
Lack of understanding
Temilayo Ojo, a finance consultant, said she was not aware that her card could perform various transactions.
“I just thought
that the options I had for the card were the ones at the ATM machines,
checking balances, topping up my airtime, and all that,” she said.
Key findings from
the survey are that the migration of the payment cards from the
magnetic stripe to chip and PIN EMV platform has been smooth and hugely
successful in Nigeria. Also, efforts of the CBN, banks, card schemes,
and other stakeholders have yielded positive results.
Sola Fanawopo,
editor-in-chief, Financial Technology Africa, said the drive towards a
cashless payment system in the country has yielded very poor results,
as very few bank customers use their ATM cards for end to end payment
transactions. Majority of the card holders said they only use their
cards to withdraw cash.
“No wonder most respondents referred to debit cards as “ATM cards”.
“Most card holders
in the country are unaware that they can use their ATM cards for
payment transactions on other channels from ATM withdrawals. Some of
the card schemes are also culpable as their cards are not acceptable on
some of the channels,” he said.
Seven per cent also
use their cards for funds transfer from one bank account to another.
However, only four per cent of the survey’s respondents used their
cards to make bill payment on touch points.
Network challenges
ATM downtime and
fear of fraudulent activities have been cited as major factors
inhibiting the frequent use of debit cards for payment transactions by
bank customers.
More than 52 per
cent of bank customers surveyed said ATM downtime was the major reason
that prevented them from using their cards more frequently for payment
transactions. Similarly, about 43 per cent of the respondents affirmed
that concerns about fraud posed another hindrance for using their cards
more regularly.
Only 52 per cent of
bank customers surveyed have actually used their debit cards for any
form of payment transactions, while 48 per cent have refused to do so.
To deepen the
culture of card usage, banks and card schemes need to focus on
marketing strategies that will encourage card holders to activate and
use their cards as frequently as the need arises for all relevant
transactions.
73 per cent of the
respondents actually feel more secure using the new chip and PIN EMV
cards. Incidence of payment card fraud was on the increase before the
change over to the PIN EMV platform. 19 per cent of the people surveyed
have actually experienced fraudulent activities with the use of their
debit cards for financial transactions.
Mr. Fanawopo said
awareness of the availability of loyalty and rewards schemes from usage
of payment cards is low. He, however, said that the assurance that Chip
and PIN EMV payment cards are not fraud-prone like the magnetic stripe
cards is gradually restoring the cardholders’ confidence over fraud
concerns.
A banker at Zenith
Bank, however, said a good number of customers are actually enlightened
about the various uses of their cards.
“Many of them
utilise their cards to an encouraging capacity, especially during
public holidays. In fact, we receive calls for directives as regards
internet banking and online transactions from customers. I can say out
of about 100 customers, about 20 or 30 of them actually know about the
other functions their cards can perform, like the payment of their
utility bills, DSTV, and all of that and more,” she said.
The Central Bank
has on several occasions stated its efforts to address card fraud. At a
recent event in Lagos, Emmanuel Obaigbona, who represented the
director, banking and payments, said apart from a migration directive
of card types, the apex bank has also mandated all banks to set up
effective help desks for handling card-related complaints.
He also said that
the regulatory body also ordered the issuance of relevant rules and
regulations in order to provide a level playing ground for all
concerned parties in the retail payment industry, which include the
electronic banking guidelines, guidelines on transactions switching,
stored value card and prepaid card operations, and others for the
operations of credit bureau.
“These guidelines are aimed at fostering consensus and cooperation
amongst a broad spectrum of payments service providers and increase
public confidence in the system, among others,” Mr. Obaigbona said.
India plans stronger trade ties with Nigeria
India plans stronger trade ties with Nigeria
The government of India has said it is looking into addressing the lopsided economic relationship between it and Nigeria.
Figures of trade
released by the country show that bilateral relations between both
countries for the year ended March 31, 2010 is $8.7 billion. Nigerian
export to the Asia country is around $7.3 billion, while that of India
to Nigeria is around $1.2 billion. The trade between the two countries
is greatly in Nigeria’s favour, thus making it enjoy the trade surplus
of $6 billion.
Vishnu Prakash,
India’s joint secretary and spokesperson of the ministry of external
affairs, told journalists on Monday that both countries have adequate
potentials to attract investment that will boost their economic
relations.
Important trade partners
“For India, energy
security is a very important consideration and we import almost 80 per
cent of our energy from the global market. In Africa, Nigeria and Sudan
are two key countries from which we import significant amount of
petroleum products.
“It is natural that
when we are importing hydrocarbons from Nigeria that the trade will be
in their favour. I can tell you categorically that we want more trade
with Nigeria,” Mr. Prakash said.
He also that there are a number of areas that India and Nigeria can work together to have more trade.
“Pharmaceuticals
are one of them because we are global leaders in production drugs which
are high quality and of cheap price, and I know that Indian drugs are
in high demand in Nigeria.
“Some other areas
are in the service sector like the information and communication
technologies, the automobile centres, equipment and machinery, and
textiles. Increasingly, I find Nigeria is figuring prominently amongst
other countries on the business ladder of the Indian companies in terms
of investments and trade. I am quite sure of the opportunities that we
have,” he added.
Already, there are
about 30,000 Indians in Nigeria, less than 1.5 per cent of the total
Nigeria population. On the continental scene, the external affairs
spokesperson said India had $45 billion of trade with the African
continent last year and there are similar number of investments, which
are more than $45 billion.
Growing partnership with Africa
$2.3 billion out of
the 5.4 billion credit earmarked for Africa in a five-year period has
been made available, according to Mr. Prakash. The credit is meant to
address the challenges of infrastructure, capacity building, and human
resources issues. The upcoming India-Africa Summit in Addis Ababa is
part of this collaboration.
The Indian
authorities said Africa now has a growing partnership with the country,
though it started long back, but acquired considerable substance and
momentum only recently.
“With the involvement of Indian business giants such as Tatas,
Mahindras, Kirloskars, Ranbaxy, RITES, IRCON, NSIC, TCS, OVL and
others, our bilateral ties have impoved a lot, making us the second
largest trading partner with them. The India Africa Conclaves and the
upcoming Summit in Addis Ababa in May are some of the additional
feathers in the cap,” Mr. Prakash said.
Petroleum marketers want development of rail system
Petroleum marketers want development of rail system
The Independent
Petroleum Marketers Association of Nigeria (IPMAN) has urged the
Federal Government to hasten the development of the rail system to
enhance effective petroleum products distribution across the country.
Olumide Ogunmade,
the chairman of south-west chapter of the association, told the News
Agency of Nigeria (NAN) in Lagos on Monday that rail system was one of
the best and cheapest means of haulage in the world. He said that a
trip by rail could take what 30 to 50 trucks would carry.
Mr. Ogunmade said
that high-speed trains have become important mode of transportation,
and advised the federal government to partner with private sector
operators to achieve the objective.