Tuesday 29 March 2016

There’s A New Hypercar On The Block And It’s Called Zenvo TS1

The Danish manufacturer of one
of the most powerful hypercars
in the world introduces a
revised model called the Zenvo
TS1 in Geneva.

The Zenvo TS1 combines new and remarkable driving dynamics both on street and track, limitless options for customization, with luxury
and exclusivity.

The manufacturer is planning to
build just fifteen cars, making this car a
collector’s item.

The new Zenvo TS1 conforms to the traditions and principles of the Zenvo ST1 – the legendary Danish hypercar that took the automotive world by surprise in 2009 and was instantly nominated ‘Super Car of the Year’ after its debut at the Le Mans 24hrs ‘Drivers Parade’.  The Zenvo ST1 series was limited to 15 hypercars, with a starting price of 800 000 Euro.

The evolutionary model Zenvo TS1 has retained its futuristic, aggressive Scandinavian design, top speed of 375 km/h, and day to day drivability.

The refinements over the previous
version have been driven by the desire to fulfil the wishes of the clients and their desired driving experience.

The TS1 is powered by a new in-house
developed 5.9L lightweight fast revving Twin- Supercharged V8 flat-plane engine that provides high performance and reliability on the road.

The new hypercar is available with two types of gearbox: a 7-speed synchronized paddle shift gearbox with auto mode, and a 7-speed race- inspired paddle shift gearbox with dog-engagement.
This is the fastest shifting single
clutch gearbox available in any street car today.

TS1 comes with subtle changes to the design and it is a bit sharper and more aggressive in keeping with the more sporty credentials of the new engine.

In order to optimize downforce the front splitter, rear wing and diffuser have been  redesigned. The rear bumper and ex
haust system have also been modified.

The interior of the hypercar has
dramatically changed, from the seats to the dashboard and centre console. The new interior has unlimited customization options of leather, Alcantara, carbon fibre and aluminium finish etc.

Text culled and edited from luxurious magazine

Snipers to guard stadium during France v Russia match


Elite French snipers will surround the Stade de France in Paris to provide security for the football match between France and Russia on Tuesday.

The additional security measures come after the deadly November attacks at several venues in Paris, including the Stade de France, where an explosion was heard inside the stadium during a
match being played between France and
Germany.

With another terror attack taking place in
Brussels last week, there is huge concern
surrounding the upcoming 2016 European Championships, due to be held in France this summer.

As the first international football friendly to be hosted in Paris since the November 2015 attacks, Russia’s visit holds a special significance for the French government and its
perceived ability to provide adequate security for international football fans.

The deputy director at the French National Police's Central Directorate of Public Security, Laurent Simon, has said that 400 police officers in addition to the snipers will be involved in patrolling the arena to ensure fans' safety.

Since the November attacks, French football’s top league, Ligue 1, has successfully continued to
host matches, while French champions Paris Saint-Germain have also hosted their Champions League Round of 16 tie against Chelsea.

The French government is likely to provide the maximum possible protection for visiting fans and players to ensure that confidence returns ahead of the summer tournament, although given how football fans continued to flock to matches in France after the November attacks, the Euros are likely to be as popular as ever with fans, regardless of security concerns.

Rivers abandons monorail project


The RIVERS State Government may have abandoned the multi-billion naira monorail project embarked upon by the immediate-past administration.

Governor Nyesom Wike, who gave this hint on Monday while speaking on a national television programme, Sunrise, said the people of the state did not want the continuation of the project.

Wike explained that in spite of his administration’s commitment to the completion of the projects abandoned by the Rotimi Amaechi administration,
the monorail would not be one of such projects.

He said, “Rivers people have told me not to touch the monorail project left behind by the other government.”

Wike said his administration had taken measures to improve the security of the state through funding of security interventions and provision of logistics
for security agencies.

The governor lamented that the state had been affected by the regular transfer of security chiefs from the state, blaming Amaechi for the development.

He said, “I won’t make a promise that I will not fulfill I don’t politicise development. My interest is to deliver the best for Rivers people.

“In spite of distractions, we have succeeded in completing many projects abandoned by the previous government. We also have cleared the backlog of unpaid salaries and pensions left by the
previous government.

“We have succeeded in restoring the judiciary and reopening courts shut down by the previous government. The Federal Government needs to allow security chiefs remain in Rivers State to do
their jobs and ease tensions.

“I have had over three Commissioners of Police removed since I became governor,”
Wike, who lamented the death of a corps member in the state recently, added.

Reacting to the position of Wike on the monorail project, the immediate-past state Commissioner for Transport, Mr. Tolofari George, said, “The monorail is a laudable project that should be
continued because it is a catalyst to jump-start our local economy and place Rivers State at the
forefront of transport infrastructural development.

“The vision is to take the monorail up to the airport in future traversing the city. A lot of River’s taxpayers’ monies have been sunk into that project that it should not be allowed to die. But Wike has
chosen to play politics with that project and it is most unfortunate.”

Culled from The Punch

Monday 28 March 2016

Ukrainian lady calls for ban on gays in police after husband falls for male officer

A man from a Ukrainian city apparently got so
fed up with arguing with his wife that when a gay police officer appeared at their door, he decided it was time to try batting for the other team. The wife filed a petition to ban homosexuals from the
force.

“I went through two weeks of hell trying to get my husband back, but all I got was a fine for making threats to that gay officer,” the petition text stated.

“People should be aware that when calling the police, they run the risk of losing a husband,” the woman warned. “Gay policemen in our city should be banned,” she added.

“It is well known in gay circles” that there are at least two gay men and one lesbian in the Ivano-Frankovsk police, the woman also noted.

The unfortunate wife from the western Ukrainian city of Ivano-Frankovsk filed the petition against LGBT people working in law enforcement after her husband apparently left her for a gay police
officer. The woman had called the police during a domestic fight and the officer responding to the incident was gay.

The call to ban gays from working in the police was published on Saturday and has collected five signatures so far, which isn’t as few as it sounds, considering it needs only 245 signatures by the end of June to be reviewed by local authorities.

Just recently Ruslan Martsinkiv, mayor of Ivano- Frankovsk, made a public statement saying that homosexuals lack patriotic feelings, and urged Ukraine to keep in mind “traditional values” as it
heads towards European integration.

Culled from rt

The Game Reveals His ‘1992’ Album Won’t Have Any Features


The Game is making a bold move for his next album, 1992.

The Los Angeles native shared that his upcoming project will have no features; the rapper dropped the news on Instagram with the likely cover art. In
the caption, he made the announcement —
“#NOFEATURES.”

The featureless album comes as a step in another direction for The Game. The Documentary 2 (and The Documentary 2.5) was laden with guest appearances. Lil Wayne, Nas, Kendrick Lamar, Q-
Tip, Dr. Dre, Kanye West, Anderson .Paak and Busta Rhymes were just some of the artists who appeared on that album.

1992 ‘s possible cover art features a young Game with his infamous face tattoo — a star with the letters LA in the middle.

To release an album without featured artists nowadays is definitely ballsy. Last year, J. Cole’s 2014 Forest Hills Drive made history as the first rap album in 25 years to go platinum without any
features. It also nabbed three Grammy nominations.

Once a fairly common occurrence, major hip-hop albums that gained the platinum status without features include Run-D.M.C.’s Raising HellI, LL Cool
J’s Bigger and Deffer, Wu-Tang Clan’s Enter the Wu-Tang (36 Chambers) and Beastie Boys’ Paul’s Boutique.

No word yet on when the album will drop; The Game only promises that it’ll be here “soon.” In the meantime, the Compton rapper has been hanging
out with hip-hop royalty. On Sunday (March 27), Game posted a photo of him with Nas, captioned
“Hurricane x God Son.”

Check out The Game’s cover art above and let us
know what you think in the comments below. Also,
check out the dope photo of The Game and
Nas below.


Culled from theboombox.com

Tyrese Presents Emotional Love Story With ‘Black Book’ Short Film


Last year, Tyrese released his soulful opus Black Rose and in 2016, he’s following that up with his short film, The Black Book .

The veteran R&B singer wrote and directed the 25-minute movie, which was inspired by popular romantic flicks like The Notebook. In The Black Book, an elderly couple are celebrating their 45th
wedding anniversary. Due to his wife’s Alzheimer’s, the aged version of Ty recounts their journey into matrimony — from the break-ups to the make-ups
and, eventually, their wedding.

R&B singer and Empire star V. Bozeman plays the wife and joins Tyrese on three songs: “Can’t Break Me,” “Waiting on You and “Prior to You” featuring Tank.

“I feel like some of the best movies I’ve seen have some type of resolve to it,” Tyrese told Billboard.

“We’ve all experienced trauma and being in dark places, whether it’s relationships, family [or] losing family members.”

“We’ve all been in that dark place that most of us hope never to have to go back to, but I feel like there should always be something positive, something beautiful,” che continued. “It was just my
way of complimenting God. When challenges present themselves, I often say that you will grow through what you go through.”

Boxer Nick Blackwell in coma after title fight defeat


The British boxer Nick Blackwell is in an
induced coma after suffering a bleed on the brain following a domestic title fight defeat on Saturday night.
The referee stopped the largely one-sided fight against Chris Eubank Jr in the 10th round after Blackwell, who had taken heavy punishment in most rounds, was deemed unable to continue by a doctor, due to swelling over his left eye.
Boxing is a sweet science but Nick Blackwell was too brave for his own good
Shortly after the bout, for Blackwell’s British middleweight title, which was televised live on Channel 5, the 25-year-old, from Trowbridge, Wiltshire, collapsed and had to be taken out of the ring on a stretcher with oxygen.

The British Boxing Board of Control (BBBC) general secretary, Robert Smith, said: “I spoke to one of the doctors this morning and he said there is a bleeding of the brain.
“He’s in intensive care, he’s in an induced coma and he is resting and being looked after by the
experts.
“It’s a very normal procedure. They put you in a coma to get the swelling to go down. There’s no timescale. Now it’s just a matter of waiting and seeing.”
Press Association Sport quoted a source close to the Blackwell team as saying the boxer was stable and there was no swelling overnight.
Peter Fury, the trainer and uncle of the world heavyweight champion Tyson Fury, tweeted that he had spoken to Blackwell’s promoter
Mick Hennessy and that the prospects of
recovery were encouraging.

The BBC said on Sunday that surgeons were not planning to operate on Blackwell.

After the fight, Eubank said: “I was hitting him with some big shots and the referee saw fit to let the fight go on. Looking back now, maybe he should have stopped it earlier.”
On Sunday, he paid tribute to his opponent’s courage and wished him a speedy recovery.
Eubank’s father, Chris Eubank Sr, who was in his son’s corner for the bout, said the incident brought back painful memories of his world title fight with Michael Watson in 1991, which left his opponent with severe brain injuries.
Watson nearly died as a result of injuries
sustained in the fight and the incident forced the BBBC to boost safety at bouts to ensure that boxers who suffer such injuries get speedy assistance, including oxygen.
Eubank Sr said he was banging on the canvas during the Blackwell fight urging the referee to stop it. At one point, he could be heard on television telling his son in the corner in between rounds: “If he [the referee] doesn’t stop it, and you keep beating him like this … he’s getting hurt.”
A number of British boxers, past and present, have tweeted their support for Blackwell, including Fury, who accompanied Blackwell into the ring on Saturday night.

NNPC spends N103.4 billion to protect oil pipelines in one year


• Corporation loses N57.71b to vandalism
• 2,832 vandalised points recorded in 13
months, 400 in 2016
• Ghana may dump Nigeria, looks
elsewhere for gas supply

It may be virtually impossible for the
Nigerian National Petroleum Corporation
(NNPC) to operate its refineries, crude oil and products pipelines nationwide profitably, unless government takes drastic measures to eliminate all acts of pipeline vandalism, according to an investigation by TheGuardian.

This is coming in the light of a report titled “Report on Improving Local Refining
Capacity in Nigeria”, prepared by the
Managing Director, Matwims Consult Limited, Mark Tubotein, which reveals that the repeated repairs by Petroleum Pipelines and Marketing Company (PPMC) after each act of vandalism for several years calls to question the integrity of existing pipelines that are
over 35 years in operation without adequate maintenance on them.

Before this report, there were revelations by the NNPC that the huge spending by
government for the purpose of protecting
Nigeria’s vital petroleum products’ pipelines seemed not to be having any positive effects on the security of the country’s oil and gas resources after all.
This is because despite spending N103.4
billion for pipeline repairs and management between January and December 2015, data from the NNPC shows that the Federal Government actually recorded crude oil and
product losses of N57.71 billion to pipeline vandalism.

According to Tubotein, the repeated repairs by the Petroleum Pipelines and Marketing Company (PPMC) after each act of vandalism for several years call to question the integrity of existing pipelines that are over 35 years of operation without adequate maintenance on
them.

He noted that reports from the NNPC reveal that as from January to August 2015 alone,
there have been over 1,824 cases of line
breaks on PPMC pipelines. “The corporation at least, spends billions of naira each year to
maintain and secure pipelines with the
assistance of security personnel and
community personnel in the Niger Delta.
With this level of financial expenditure on
dilapidated pipelines coupled with low
capacity utilisation of local refineries, there is no way the corporation can remain profitable.”

He said since the transportation of products through pipelines cost less than the alternative modes, viz, rail, road and sea, “providing marketing companies the access of pipelines for a reasonable fee is essential to protect the consumer interests. All product
pipelines need to be treated as utilities and ‘common carrier principle’ made applicable to all of them. The tariff for the usage of pipelines may be fixed by the regulatory body such as Department of Petroleum Resources (DPR).”

Due to the series of pipeline vandalism,
Nigeria has suffered setbacks in meeting its gas obligation to Ghana and other West African countries through the West Africa Gas Pipeline Company. It was learnt that Ghana has already started making alternative
arrangements to get gas in order to provide regular electricity, which has been epileptic for several months due to the deficit in Nigeria’s supply.

Specifically, NNPC disclosed that a total of 2,832 vandalised points were recorded
between February 2015 and January 2016.
According to data from the corporation, the Mosimi pipeline recorded 103 breaks in February last year; 60 breaks in March; 101 breaks in April; 146 breaks in June; 78 in July; 79 in August; 44 in September; 66 in October; 57 in November; 93 in December; and in January this year, it recorded 59 breaks.

In January alone, Kaduna and Port- Harcourt recorded 59 and 247 breaks respectively,
while Warri recorded 32 incidents.

The government initially hired community
members as guards, but then brought in the security personnel when there was no
improvement with the local guards. Not even the intervention of the security personnel could stop the unrepentant vandals.

It was learnt that NNPC then adopted a new strategy in 2011, reportedly signing pipeline protection contracts worth at least $39.5
million a year. Government had touted the deals as effective tools in the fight against oil theft, yet NNPC’s own data show pipeline losses actually went up after the new contracts started.

In the last five years, things only appeared to get worse. In the Niger Delta, as many as 5,280 oil wells are linked by 7,000 kilometres of pipelines and are vulnerable to attacks by organised gangs.

The NNPC said in its report that pipeline
vandalism, refinery capacity utilisation which is below commercial threshold due to prolonged Turn Around Maintenance (TAM) issues, and products losses, had continued to cost the corporation huge amounts of money.

Although the NNPC has not released the
January 2016 claimable Pipeline Repairs/Management Cost and Crude and Product Losses due to vandalised pipelines, The Guardian learnt that the country has already recorded over 400 breaches on pipelines between January and March.

The corporation said that comprehensive
reform of the pipeline security situation
would unlock several industry upsides which include improved upstream oil production due to reduced pipeline disruptions, improved refinery utilisation due to increased crude oil feed from restored pipelines, and reduction of crude oil and product losses.

The Minister of State for Petroleum, Dr
Emmanuel Kachikwu, had expressed the
determination of the corporation to eradicate oil theft and pipeline vandalism in the next eight months.

The NNPC boss said the measure was part of efforts to enhance transparency and accountability in the oil and gas industry, to boost production capacity of the corporation.

According to him, oil theft and pipeline
vandalism have greatly affected the revenue generation and image of Nigeria at the international arena.

He disclosed that as part of ways to
find a lasting solution to the lingering oil
theft, NNPC would establish a company that would be saddled with the responsibility of securing pipelines in the country.
Text Culled and edited from The Guardian

Muslim shopkeeper who wrote loving Easter posts stabbed to death in ‘religiously prejudiced’ attack


A Scottish-Muslim shopkeeper was violently stabbed to death in Glasgow in front of eyewitnesses. The brutal attack took place hours after he wrote a heartfelt Easter message of peace and tolerance to Christians.

Tributes poured in from the local community in
Glasgow and around the world for Asad Shah, who was a popular figure in the city’s multicultural south-side.

Scotland’s First Minister Nicola Sturgeon
attended a vigil to pay tribute to the fun-loving shopkeeper.
A 32-year-old suspect has been arrested in connection with the attack, which took place around 21:00 local time on Thursday. While the suspect’s name has not been released, Scottish police have said that both the attacker and victim
were Muslim, BBC reported.

“A full investigation is under way to establish the circumstances surrounding the death, which is being treated as religiously prejudiced,” Police
Scotland said.

An eyewitness reported seeing a man violently stamp on Shah’s head outside his shop.
The shopkeeper was taken to Queen Elizabeth University Hospital in Glasgow where he was pronounced dead on arrival.

In his last Facebook post before his death, the victim wrote: “Good Friday and a very Happy
Easter, especially to my beloved Christian nation.
Let’s follow the real footstep of beloved holy Jesus Christ and get the real success in both worlds.”

A proud Scotsman, he was a devout Ahmadi Muslim who regularly posted videos from his shop with messages of peace and unity.

5 Things To Know Before Buying Stocks in Nigeria.


There is a saying that “investing in stock is easy, but investing successfully is difficult.” Investors, particularly those who lack basic capital market
knowledge, reportedly end up on the losing end of bargains every year. This is not because there is a lack of profit-taking opportunities (there is an abundance of opportunity), but because investors often fail to gather the right information before
sinking their fortunes into the stock market.
To avoid such pitfalls, here are five things you should know before delving in the world of stocks.

1. Why the stock market?

The first question fresh investors should ask is why am I choosing to put my money in stocks?
The stock market comes with healthy risks and attractive rewards, both for short and long term players. Investors are said to prefer the stock market because the offer the greatest returns in the short term. But stocks are also very volatile as they are driven by speculations regarding market activities, the value sometimes can fall below the
price you purchased. Hence chasing stocks of companies with good reputation is often your best bet.

2. Hiring a Broker

Now that you understand a bit of what you going into, the next step is to employ the services of a stock broker. A broker, or brokerage firm, is a licensed to access the stock exchange. Once you
have hired one, he or she will receive orders from you (to sell or buy stocks) and process on the exchange. They also help provide guidance on which company’s shares you should consider
purchasing or relinquishing.

3. Building your portfolio

Given that the market is littered with risks and rewards, it is important to keep the word “balance” in mind when building your portfolio. Ensure you have a mix of highflyers (stocks with high growth
rate), slow-and-steady (shares with high prices but steady yields) and a few gamblers (those that can either plummet or soar quickly). This allows you
manage enjoy the gains of investing in stocks as well as absorb unusual shocks.

4. Making Money

Most people invest to make money, and it’s no different for those who put their money in the stock market. The capital offers two key ways of making
money: the first is by receiving dividends from a company whose shares you acquired. Dividends are small payments made to shareholders by
the investee company. It is done mostly when the company declares a profit for an operating year.
Another way is to cash-in on your shares by selling them. You can turn in a profit when you sell at a higher price than you initially purchased them.

5. Alternatives

No doubt stocks are very attractive to investors, but there are other alternatives that are also very rewarding. Bonds, mutual funds, and treasury bills
are interesting investment prospects to explore.
Some though take a longer time to germinate provide higher and safer yields than stocks.
Investing is a great way to build wealth and enjoy a stable financial status, so you can try other investment products like bonds, mutual funds, treasury instruments and other money market
funds.

Why Instagram Is A Big Deal For Your Business


You must have heard that Instagram is the hottest
trend in social media for businesses. What you do not know is that it is not just a photo sharing app.

Instagram has redefined the way in which we view and share photos to create awareness, association and engagement. There is a lot to gain from having
your business on the platform. Researchers have found out that visuals increase people’s willingness to pay attention to a piece of content and are more likely to remember it than those with only text.

No wonder 85% of the world’s top brands are live on Instagram, as shown in a report by Simply Measured. People connect better with photo images and videos than they do with text. Why do you think Facebook spent such a huge fortune on buying Instagram? From a small start-up in 2010 to having
over 300 million active users around the world today, it has become one of the most influential social media tools today.

Here are four reasons why you need to put your business on Instagram:
1. Create a brand personality for your business
A brand personality is a set of human attributes a customer can relate to a brand. Instagram allows you to share aspects of your business that
customers will not ordinarily see and these customers love to follow up on day-to-day routines of a business that can tell them certain things about
that brand. Before you know it, your customers become attached to your brand and customer loyalty is generated.
2. Engage your audience
Instagram provides a platform for businesses to tell their stories using visuals and this is what social
media users crave for. They want to be able to share their reactions and experiences with brands they follow. From photos and short videos showing
your business behind the scenes to posting infographics, image quotes, sale promotions and organising competitions, you are able to engage your audience and get them interested in your brand. A report from Forrester showed that
Instagram users have a higher engagement rate of 4.21%, which is 58 times more engagement per
follower on Facebook and 120 times on Twitter.
This simply means that Instagram users are more
likely to like, comment and repost on Instagram
than to Facebook and Twitter.
3. Know your customers
By engaging your audience, you get to develop a more intimate and personal knowledge of your customers. You can interact with them and share
their experiences, and from their reactions and comments, you are able to keep up with trends and what they expect from you as a brand.
4. Your competitors are using it
If your competitors are using it, then why shouldn’t you? As a business, it is important to keep up with
trends and adapt fast as well as you can so you are not left hanging. This is a great way to check out your competitor’s audience, how they relate with
them and how you can also engage them yourself.
These are how top brands are engaging their audience on Instagram and how you can learn from them:
The whole purpose of your business is to market your products to compel a change in people’s behaviour towards purchasing from you and where
else should you be other than where people are spending a lot of time networking and connecting.
Now is the time to pay attention and move your business a step higher by putting it on Instagram.
Don’t forget to tag us in your posts when you do so.

Source 635.gtbank.com

Friday 25 March 2016

Full text of Buhari’s speech at APC NEC meeting


[PMB speaking @ the APC NEC Meeting_1]
We are members of the legacy party, plus APGA
and DPP. We realized since 2005 that to remove the PDP from power, we must sink our differences, come together and form a party. God willing, that eventually happened and that is why we are where we are today, coming together in spite of our differences, both personal and
ideological. We must not forget that. Having identified that as members of the legacy party, we again identified three fundamental things facing us. First, security, second, economy and
unemployment and thirdly, corruption. We campaigned throughout the country on these three fundamental issues and nobody successfully challenged us and these issues remained relevant.

On security, we have made progress. It was a very courageous decision that the party took and executed by the Executive by removing most of the military hierarchy and appointing those to take
over from them, acquiring some new hard and soft ware and raising the morale of the military to go secure the rest of the country which was then 14 out of 774 local government. I have said it
often that as far as I know and the service Chiefs who are on ground, they are not holding any local government. But they still have some capability especially on soft targets by using technology.

For Niger Delta, the militants are sending some conflicting messages. Some have said they are ready to drop their arms and join the rest of the nation to build it. But part of them are still sabotaging installations which is making investments in that lucrative area of Nigeria difficult because nobody will submit his riches to
financial institutions, get money only to suffer huge loss. So, the environment for investment is being sabotaged by our own selves, Nigerians.
We are doing our best with the military by trying to persuade them to join the rest of the country because in unity lies our strength.

Of course the leadership of INEC has been changed, but I appeal to the leadership of the military, security agents and INEC that what I want Nigerians to remember me for, even if I have to leave the Presidency tomorrow is that I
respect them. I want all Nigerians to believe and hold their PVC as personal entitlement as Nigerians and use it the way the like, and vote for
whoever they like at which ever election. If they voluntarily sold it, it is part of their right and so, let them sell it and remain at home and not participate in any election. But let the law enforcement agencies give them the confidence that nobody will come out who has money to hire
thugs, give them drugs and stop them from exercising their fundamental right.

I am afraid I did not succeed in the election in Kogi, Bayelsa, Rivers. I think that more Nigerians are killed or killed themselves in Rivers than in
any particular state. At this stage of our political development, to remain brutal is shameful and as a government, I promise we will do something by the next general election.

On the economy, the fall of oil prices after Nigeria has made itself a mono economy is a disaster. I wonder why people could not believe that in Nigeria, about 27 out of 36 states have difficulty in paying basic salaries of their workers. If from 1999 to at least 2003, oil is above 100 dollars per
barrel and an export of about 2 million barrel per day, how come Nigeria failed to make some arrangement to cushion the effect of a probably volatile oil market? Again, it show failure of the last administration. But we are now to pick the pieces as an APC government and so, there is no need complaining, but let us concentrate and see how much we can do with whatever remains of the economy. We realized that agriculture and solid minerals are two areas that can quickly come to help us to recover economically, at least in terms of employment and feeding ourselves
and more importantly, saving the hard currency to make sure that what is left our industries remain open, employing Nigerians and producing goods and services which is very important.

The policy we are trying to implement is TSA. When we insist that we have to know what comes in and what goes out for us to make a comprehensive amendment to the economy. If you go and see the Central Bank Governor, he
will tell you that in the TSA, we have more than N3 trillion. Where would this money have been if TSA was not in vogue? I was made to understand that vouchers would have quickly been raised towards the end of the financial year and checks made. Whether they are going into projects or
private pockets, nobody can prove it to you. But that money is there, it is identified, if is quantified and when the budget comes back eventually, the Ministry of finance will see how to allocate it to the rest of the country.

We have tried to make sure that NNPC is
reorganized, so that we know how much of our crude is taken, how much it is sold and to which account the money is going. But I tell you that up to the time we came, if anybody told you that he knows how much of crude exchanges hands either on the high sea or reaching their destination
and the accounts the money goes into, that person is not telling you the truth. We are getting the cooperation of countries that has received this crude. But we have to be sure of the facts in our hands before we start prosecution so that Nigerians will believe what we have been telling
them.

Again, I have to repeat myself here for you to appreciate what I am going through because you are closer to the people than myself. I was telling a British team that came to supervise the training
team they sent, that when I was in uniform, you took the perceived corrupt ones and put them in safe custody and quietly told them they were guilty until they can prove themselves innocent.
But now under multi-party democratic system, I see some of them ride Rolls Royce, some of them have built estates here, but they are innocent until we can prove them guilty. This situation is true
and you don’t need to stress your imagination to find out. If you can find out, you discover that a level eight officer has five houses, while you, as a Permanent Secretary or Commissioner is still living in a rented house. We have to get credible evidence to carry out successful prosecution and get judgement from the Judiciary. But effort is being made to give a list of recoveries in whatever currencies so far so that Nigerians will know that it is not all about long stories.

For the party, I will like you to continue to make sacrifice. I know you are being harassed since the election that they haven’t seen anything on the ground. Well, if you have any explanation that
could be accepted, is that you have three more years to go. When we came in after 16 years of PDP, each government had 42 ministries. We reduced them to 24, removed 21 Permanent Secretaries. We sat down and reflected seriously. We were all in the process of taking over at a timenof national budget. So, imagine the volume of work and with what happened in the National Assembly, the padding, it would appear that below the
Permanent Secretaries, there are still a lot of bureaucracies that are still with them. So, you have to appreciate the position we are in. Having cut 42 to 24, correspondingly, the parastatals will
be cut down to some size and realigned and the boards reconstituted. We gave a blanket order which we had to rescind when we said all boards are suspended or dissolved. We had to go back
and lick our vomit in terms of university boards because we found out that according to their laws, they cannot choose Vice Chancellors unless
the Boards seat down, interview prospective candidates who wants to be VCs. So, there is nothing wrong in saying sorry and going back on your decision. So, we said sorry and allow all the universities to continue with their boards. But for the rest, eventually, we will make it. So, please, try to bear with us as we reflect on where we found ourselves.

For globetrotting, sometimes, you need to present your case on personal basis to your economic colleagues and neighbors. Nothing is better than personal touch and I believe that we are learning a lot and eventually, the nation will realize so, I
don’t envy you on the harassment you are going through from your constituencies. Take it with a lot of determination and we will be all right, God willing.

Senate PDP Caucus Asks INEC to Release Results of Rivers Rerun


The Peoples Democratic Party (PDP) caucus in the Senate on Thursday demanded for the release of the results last Saturday’s rerun elections in River
State by the Independent National Electoral Commission (INEC).

Rising from a meeting held in Abuja, the caucus asked the electoral commission to release all the results collated in polling units, wards and local
government areas of the state at the weekend.

According to a communique issued at the end of the meeting and signed by Senate Minority Leader, Godswill Akpabio, the caucus resolved to visit the
state Governor, Nyesom Wike, and the families of those who lost their lives in the rerun polls. It also condemned the violence which marred the conduct
of the polls.

The caucus called on President Muhammadu Buhari to support the constitution of a commission
of inquiry to investigate the violence which accompanied the rerun elections in the state with a view to bringing perpetrators to justice.

The communique which said the meeting was attended by the National Chairman of PDP, Ali Modu Sheriff, also asked INEC to conduct the rerun election ordered in Imo North senatorial district, noting that the 90 days ordered by the court for the
conduct of the election has expired.

It also advised the commission to re-schedule the rerun election in Kogi East senatorial district just as it passed vote of confidence on Sheriff whom it said briefed the caucus on the forthcoming
congresses and national convention of the party as scheduled.

The communique read: “The caucus noted the reports from the just concluded rerun elections in the state particularly the declaration of results in units, wards and local government area collation
centres and resolved accordingly:
That lNEC should as a matter of urgency release the outstanding results in the state re run elections particularly results that were collated from all polling units/wards/local government areas in their
possession with immediate effect.

“The caucus reviewed the decision of NEC of our party, PDP, and agreed that the timetable of the party congresses and national convention remains sacrosanct. This was reiterated by the national
chairman of the party, who attended the caucus and briefed members accordingly.

“The caucus agreed to send a delegation to visit Rivers State with a view to congratulating Wike on the electoral victories, and also to commiserate
with the wounded and families of people who lost their loved ones in the re run elections in the state particularly the youth corps member who was slain
in the imbroglio.

The caucus called on lNEC to as a matter of urgency, reschedule the lmo North re-run senatorial election without further delay as the 90 days ordered by the court had since lapsed.

“It also called on lNEC to reschedule similar rerun elections in Anambra Central and Kogi East senatorial districts.

The caucus condemns in its totality the acts of violence perpetrated by enemies
of democracy during the rerun elections in the state.
A vote of confidence was passed on the
national chairman of the party as well as the leadership of the eight Senate PDP caucus of the National Assembly.

“The caucus called on President Buhari to support the ongoing commission of enquiry investigating the killings in the Rivers State rerun elections with
a view to bringing the perpetrators of the violence/ killings to justice.
The caucus urged the political
class to exhibit tolerance for multi-party
democracy in the nation to discourage political impunity in all ramifications.”

However. the Rivers State chapter of All
Progressives Congress (APC) has apologised to the management of National Youth Service Corps
(NYSC) for the death of a corps member, Samuel Dumebi Okonta.
The Director General of Nigerian Maritime Administration and Safety Agency (NIMASA) and gubernatorial candidate of the party in the 2015
general election, Dakuku Peterside, rendered the apology yesterday in Abuja while leading other party leaders on a condolence visit to the national
secretariat of NYSC.

Dakuku said it was unfortunate that the state had been in the news for negative reasons, adding that it was worst of that a youth corps member was killed during an election in the state.

Okonta, who hailed from Illah community in Idemili North Local Government Area of Delta State, was killed during last Saturday’s rerun elections in the
state.

The deceased served as an Assistant Presiding
Officer (APO II) at Ukpeliede Town Hall, Ward 6, Unit 5 in Ahoada West Local Government Area.

“We have come as a delegation of APC Rivers State chapter to pay our condolence to NYSC on the loss of a patriotic young man who offered to
serve his fatherland, instead of being rewarded, he has been sent to early grave.
He died in the course of national assignment in the
state, I am not sure he bargained for early death.
“We are here to pay our condolence that the death
of a young man who had a great dream, who was promising, who spent the best part of his life acquiring education hoping to contribute his own quota to the development of our country, instead of
being given that opportunity, today he has been killed at the course of national assignment. We are saddened that it happened in our state,” Dakuku
lamented.

He noted that Nigeria owes the families of corps members who had died in the course of conducting election in the country.
“We think that Nigeria owes Okonta a lot and all
those who were injured in the course of election in
state. Rivers is not only the state in the country,
we don’t know why our own case will be peculiar, we feel very bad, we feel saddened, and on behalf
of all our people, we want to say sorry to the entire family of the NYSC.
“We appreciate that you lost one of your own but
first he is a citizen of Nigeria before enrolling in the youth service corps and so it is not your loss alone, it is our collective loss,” the NIMASA DG
said.

He, however, pledged that the party would support the family of slain corps member in all ways.

The Director-General of NYSC, Brigadier General
Johnson Olawumi, who was represented by Director of Corps Welfare and Inspectorate, Mrs. Rhoda Kwaki, noted that Okonta’s death was a huge loss but prayed against any re-occurrence.
Culled from Thisday Newspaper

Thursday 24 March 2016

Football Mourns As Johan Cruyff Passes On

In what has turned out to be a sad day for football, the website of Dutch legend Johan Cruyff announced his death after a long battle with cancer, aged 68.


The announcement which came as a shock to the football community has led to outpour of tributes.

Cruyff made his name with Ajax, The Dutch National team who he led to finals of the 1974 Word cup and F.C Barcelona.

The Dutch Football Federation(KNVB) President Michael Van Praag said in statement" We have lost our best soccer
player ever, our number 14 and our football friend.
We are devastated by Johan's death, he brought the Dutch football to greater heights and the KNVB are eternally grateful, personally I say.... Johan, my friend, I miss you. "

Manchester city captain Vincent Kompany described Cruyff as "a true Football royalty" who influenced the game like no other.
F.C Barcelona who shelved £900,000 for the player from Ajax prayed he "Rests in Peace"
Cruyff is widely considered as one of the
game's greatest ever players, winning three back-to-back European Cups with Ajax and managing Barcelona to their first triumph in the competition while also winning four consecutive LA liga titles from 1990 to 1994. He is credited as the man behind the Barca playing style, helped in developing the famous La masia academy and the famous Ajax Academy.
#R.I.PJohanCruyff

posted from Bloggeroid

Nigeria needs to hands-off Macroeconomic Policies

This is an op-ed by Rebecca Enobong Roberts. A blogger, an economist and a development professional.

The current complicated nature of macroeconomic conditions in Nigeria is putting a lot of pressure on Nigeria’s growth prospects. Granting, the oil price decline is largely beyond Nigeria’s control,  governance, and management crisis are deepening with the 2016 budget fiasco, the frequent Central Bank of Nigeria regulatory changes and the policy directions uncertainty.

These domestic “wrong moves” are avoidable. However, irrational and haphazard policy decisions are leaving foreign investors confused, and businesses struggling to survive in a volatile economic environment.
In times of economic vulnerabilities, it is normal that citizens are expecting their government to intervene with measurable and practical interventions ─ as the ability to maintain market stability becomes one of the things beyond

government control in turbulent times. If there is anything economic uncertainties does not require is stringent interventions and market control.  Notwithstanding, the current economic realities shows exactly the opposite is true in Nigeria. The government has become irrational, unreasonable and erratic with its monetary policy and stubborn of trying to control the inevitable; Naira devaluation.

To stabilize and avoid further mishap,  policy-makers should be put under scrutiny as drastic experimentation with policy conundrum will carry a high risk for the rest of the year, with negative impact towards stabilization and further growth.
This is clearly displayed in the Central Bank of Nigeria’s daily experiment with FX restrictions, bans-unbans and bank charges. Inflation has persistently been on a soaring increase since October 2015. This has triggered stagnation and in most cases a collapse of small businesses, even multinationals companies are struggling to cope.

Despite having assumed office in May of 2015, President Muhammadu Buhari took over six months to appoint a cabinet, leaving the most important ministry in the country; finance ministry without a minister and opening doors for the CBN to assume using economic policies for trial and error re-runs. In October, President Buhari on the realization that the CBN was directionless and the Naira was left to its own device decides to do exact what he did as a military head of state over thirty years ago; controlling monetary policies and the market.

History is repeating itself; President Buhari has again gone back to what didn’t work; in turn lead to Naira overvaluation, job cuts, lower imports a and weakening economic growth. These uncertainties are seeing many foreign investors on the defense by becoming risk averse; sitting on the sidelines awaiting majors changes and clarity on policy directions.

Inducing artificially support to the Naira has attracted harsh criticism by two former CBN governors Charles Soludo and Sanusi Lamido Sanusi. Soludo noted in his interview on the subject matter that “for the better part of last year the external shocks to the economy had been complicated by the “tried and failed”

command and control policy regime: a de facto fixed exchange rate; crude capital controls; veiled forms of import bans through a long list of “ineligible for foreign exchange” items; and the de facto scrapping of domiciliary accounts established by law”.

President Buhari’s priority on the war against corruption had sparked investor’s confidence earlier. However, when JP Morgan removed Nigeria from the emerging-market bond index, the inevitable became the obvious. Foreign investor’s perception of Nigeria has been negatively affected by policy makers, economic managements and Buhari’s lack of progressive economic reforms ─ interest rates reduction in an uprising inflation and the missing 2016 budget makes the situation worse. The MTN versus the Nigerian Communication Commission has increased global attention to the overall risk and volatility of the Nigerian business environment.

In the case of MTN, while such practices are globally defendable, the current conditions of a functional government in Nigeria have seen the abuse of penalties of the alleged wrongdoing. As the issue is as a result of a lacking uniformed agreement between various regulators. But in this crisis period, the government cannot afford to distract itself from real issues by focusing on fines and creating hostility in the Nigerian business environment. Perhaps, Nigeria is following the path towed by China since the Chinese stock market crash in July last year which wiped 30% off the Shanghai index.

As Nigeria is currently doing, the Chinese policy makers responded to the market shocks with drastic measures for market intervention. Such actions,  however, inspired no tangible confidence but rather, had direct opposite effect by prompting a wave of shattering of local and foreign investors and panic selling.

To create resistance to the current realities, policy makers should limit policy flexibility while paying attention to the external shocks already threatening stability and growth outlook.

Nigeria’s growth future is still very hopeful, if the president can hands-off economic policy and policy makers are independent enough to reduce avoidable mishaps. As economic tough times more often than not, require less policy tweaking and control and more of free markets practices, precision and support.
https://rebeccaidd.wordpress.com

posted from Bloggeroid

Wednesday 23 March 2016

Are You On LinkedIn Yet?

Are You on LinkedIn Yet? - http://wp.me/pUTUc-3VN

posted from Bloggeroid

EFCC Too Powerful, Judge Protests

Peter Affen, justice of an Abuja high court, on
Wednesday flayed the Economic and Financial
Crimes Commission (EFCC) as “carrying too
much physical power everywhere”, for the
tactics it employed in trying to stall a case
involving the agency and Wolfgang Wolfgang,
an Austrian security contractor who sued the
anti-graft agency for detaining him without
trial.

According to PRNigeria, Wolfgang had been in
the custody of the EFCC since December 2015 in connection with the trial of Sambo Dasuki, former national security adviser (NSA).

Afam Osigwe, Wolfgang’s lawyer, had
approached the federal capital territory high court for the enforcement of his client’s fundamental rights, but at the hearing of the matter, the EFCC through its counsel, Ibrahim Audu, told the court that it never detained the
plaintiff.

The EFCC urged the court to dismiss it for gross incompetence and for lack of
jurisdiction. It argued that there was no
evidence to show that it arrested Wolfgang.

The proceedings took a twist when the EFCC lawyer filed a preliminary objection to Wolfgang’s application.

Justice Affen, who reserved ruling on the objection, stated that the plaintiff had the right to sue the EFCC.

Irked by the use of words of the EFCC counsel,the judge berated the anti-graft agency for attempting to intimidate the court, advising it to drop its toga of arrogance.
“You are in court, and I am the dominis litis here. This is not EFCC office. You must comport yourself. The problem is that you people (EFCC) have too much physical power and you carry it to everywhere you go,” he said.
“This is not a motor park and you must not be throwing your hands anyhow and be shouting.
When you come before me, you will never remain the same. You owe the court a duty of deference. Leave your policeman or EFCC
powers at the door. Didn’t they teach you that in law school?”

Wolfgang is asking the court to declare that his arrest and detention by EFCC since the December 28, 2015 is unlawful, unconstitutional, illegal and a violation of his fundamental rights guaranteed by section 35(1) & (4) of the 1999 constitution of the federal republic of Nigeria.

He is also asking the court to award a cost of N2bn against the EFCC for aggravated damages.
Culled from the cable.

Tuesday 22 March 2016

Brussels explosions: Dieumerci Mbokani 'unharmed but shaken'

Norwich striker Dieumerci Mbokani was "unharmed
but shaken" in Tuesday's explosions at Brussels
Airport.
Mbokani, 30, was at the airport when the two blasts
took place, but Norwich say the DR Congo player is
now home.
At least 31 people have been killed or seriously
injured in terror attacks at the airport and a city
metro station, says Belgium's prime minister.

Belgium's football team cancelled their training
session on Tuesday out of respect for the victims of
the attacks.

They are scheduled to play Portugal in a friendly at
Brussels' King Baudouin Stadium on 29 March, but
the fixture is now in doubt.

The Portuguese Football Federation said: "We're in
contact with the Belgian authorities and we'll
continue to study the situation at this time."

Mbokani was in the DR Congo squad for their Africa
Cup of Nations qualifying double-header against
Angola on Saturday and next Tuesday.

It is believed he was on his way to Kinshasa from
Brussels to join up with his international teammates.

Injured Belgium and Manchester City captain
Vincent Kompany said he was "horrified and
revolted" and tweeted: "I wish for Brussels to act with dignity. We are all hurting, yet we must reject
hate and its preachers. As hard as it may be."

Belgium have qualified for Euro 2016 in France and
will face Italy, Republic of Ireland and Sweden in Group E.

European football's governing body Uefa said it will continue to "regularly monitor the level of risk for
the tournament" and its organisational plans.

Uefa said it would take "all necessary measures" to "guarantee a safe and secure tournament".

posted from Bloggeroid

Thursday 3 March 2016

NDDC, Auditor-General Bicker over N70Billion Contracts

The Niger Delta Development
Commission (NDDC) openly disagreed with the Office of
the Accountant General of the Federation (OAGF) over an
alleged N70billion contract fraud between 2008 to 2012.

Appearing before the Senate Committee on Public
Accounts on Monday, officials of the Office of The Attorney General Of The Federation had alleged
that over N70 billion worth of contract by the NDDC
between 2008 and 2012 were unaccounted for.

The Attorney General of The Federation had in 2015, submitted its report to the senate
committee alleging that the NDDC paid the amount for
about 1723 contracts and paid mobilization fee while the
contractors didn’t report to site.

According to the report: “further scrutiny of the records
revealed that 90 per cent of these contracts were
awarded between 2011 and 2012 and some of these
contractors had about four jobs.

“The N70 billion did not even include some contractors
who went to site but had very minimal achievements and
those whose contract had been declared as stalled,” the
report further said.

The AGF therefore said that the blame should not only
go to the contractors but also to the management of the
NDDC who were awarding contracts without site
identification.

However in a swift reaction, Mr. Jimoh Egbejule, Director
of Finance of the NDDC said that it discovered in its
records that only N11 billion was paid as mobilization fee
during the period referenced by the OAGF.

He said that the commission had contracted a consultant
to look into its books and only N11 billion was discovered
as mobilization paid within the period under review.

However, representatives of the Accountant General’s
office, who were at the public hearing insisted on the
initial figure of N70 billion.
In view of the disagreements, the committee chaired by
Sen. Andy Uba gave the institutions four weeks to meet
and reconcile their records and report back to the
committee.

Sen. Ubah while noting that the Managing Director of the
NDDC was still new and had no knowledge of the issues
said the committee would reconvene in one month to
consider the matter.

The senator said: “I want to assure Nigerians that the 8th
Senate Public Accounts Committee will ensure that there
is transparency, probity and accountability in the
management of public funds.

“All government financial transactions must be conducted
according to financial regulations, extant acts and the
constitution. The committee will like to urge all MDAs to
respond promptly to its requests and summons to avoid
sanctions.”

While responding to questions after the public hearing,
Mrs Ibim Semenitari, Acting Managing Director of the
NDDC said that there could be some errors in the report.

While apologizing for the discrepancies, she said that the
commission would immediately get to work and
investigate the details of the Auditor General’s report.

The acting MD added that the commission under her
leadership would not shield any contractor that is found
to have defaulted in contract execution.

She said: “Government is a continuum and there are
documents to look at: quite frankly the Auditor General’s
queries are in the interest of the country.

“The Senate Public Account Committee is to hold
institutions accountable to the people of Nigeria. For us
we will go back we sit with the Auditor General’s office,
we will look through our records and respond to each
query one after the other.

“You also have to understand that sometimes in
documentations, there will be inconsistencies but not
necessarily indicative of fraud. Once the Auditor General’s
Office finishes a check, they will raise queries and it is for
the institution to respond to those queries and once they
respond the AGF will then produce a report.

“So as it stands we are at the level of looking at those
queries and responding to them. Even though I wasn’t
there at the time, I can assure you that this is a
government that is committed to transparency there will
be no reason to hide if there are things to expose.

“We welcome this and we can assure you that there will
be no sacred cow, there will be no hiding place, we will
respond in all honesty, we will not shield any contractor.”

Text culled and edited from orderpaper.ng

Saraki, Tinubu Tension Echoes in Senate

Echoes of the political unease
between Senate President Bukola Saraki and national
leader of the All Progressives Congress (APC), Bola
Tinubu echoed Tuesday in the Senate.

This time like other occasions, wife of the APC leader,
Sen. Remi Tinubu (APC, Lagos Central), received the cold
shoulders of Senator Saraki.

The mild drama occurred on the floor of the Senate during
the debate of a motion tagged “Nigerians involvement in
illicit global drugs trade and increase in domestic drug
abuse by Nigerian youth” which was sponsored by
Senator Gbenga Ashafa (APC, Lagos East).

Senator Tinubu had made an additional prayer to the
motion and had urged her colleagues to mandate the
federal government to set up drug rehabilitation centres in
every state of the federation.
No lawmaker however seconded her additional prayer.

The Senate president was about to entertain more
contributions from other lawmakers, when Senator Tinubu
interrupted him.
She quipped: “Mr. President, why is my additional prayer
not accommodated? Why is it not being considered Mr.
President?”

Responding, Saraki said no lawmaker seconded the
amendment, hence, he had to move on.
Tinubu remained on her feet when Saraki ignored her and
moved ahead to entertain other contributions. “We have
gone past that. Let us move on,” the senate president
said.

ORDERPAPER.NG reports that this is the third time since
the inauguration of the 8th Senate that a mild drama
would play out between Saraki and Mrs Tinubu.

The first drama occurred on the 9th of June, 2015 during
the inauguration of the Senate, when Senator Tinubu
declined to exchange a handshake with Saraki after his
controversial emergence as Senate President.

Mr. Tinubu and other APC leaders had supported Sen.
Ahmed Lawan as the party’s candidate for the senate
presidency but were trumped by Saraki’s political game
plan.

Saraki and Tinubu have continued on both divides of the
political spectrum ever since in spite of a meeting last
week of top leaders of the ruling party to broker peace .

The second incidence between Senators Saraki and
Tinubu occurred on the 18th of November, 2015, a day
after an alleged attempt was made on the life of the
Deputy Senate President, Senator Ike Ekweremadu.

Senator Tinubu was contributing to a motion, when she
left her seat and temporarily occupied Ekweremadu’s
reserved chair. The action elicited negative reactions
from Peoples Democratic Party (PDP) lawmakers.

Apparently displeased, Saraki declined to accommodate
her contributions while she was still ‘occupying’ the seat.
Culled from Orderpaper.ng

British Parliamentarians Urge Nigeria To Develop Free Trade Zones

MEMBERS of the British Parliament yesterday
advised the Federal Government to establish and
develop more Free Trade Zones (FTZ) in the
country as part of measures to tackle growing
unemployment.

According to them, maritime facilities, especially
the ones associated with FTZs, promote trade,
jobs, tackle poverty and inequality, among others.

Inspecting facilities at the Lagos Deep Offshore
Logistics (LADOL) in Lagos, seven members of the
parliament who came to Nigeria on trade mission,
described maritime facilities as critical to
economic development.

Led by a member of the parliament for Liverpool
West Derby and chair of the International
Development Select Committee, Stephen Twigg,
the parliamentarians pledged to strengthen
existing business relationship between Nigeria and
United Kingdom (UK).

The parliamentarians, who were accompanied by
representatives of the British High Commission,
Jason Molel and private sector development
adviser, Alessandra Lustrati, said projects like
LADOL attracts businesses and promotes
opportunities for all cadres of society.

Responding, LADOL’s Executive Director in charge
of business development, Jide Jadesimi, said first
class facilities are in place at the facility, adding
that the firm, in partnership with other
stakeholders, has concluded plans to commence
training and capacity development through its
academy.
According to Jadesimi, LADOL’s facility is
designed to add value to the nation’s economy
and create numerous.
He said that the company has a vision of
providing next growth opportunity that is aimed at
changing the entire economic landscape, noting
that the mission of LADOL is to emerge as an
industrial hub.

Ese Oruru Is Five Months Pregnant

Indications emerged on Wednesday that the 14 year old
Ese Oruru who was abducted by Yunusa Dahiru last
August and taken to Kano might be carrying a 5 month
pregnancy.

A source at the Force Medical unit, where Ese was made
to undergo check up, told THISDAY that the teenager was
discovered to be five months pregnant.

The source said obviously, she was already pregnant
before agreeing to move to Kano with Yunusa, but quickly
added that the girl is not in the best form medically.

It was also discovered that the white Hijab dress she
wore on her arrival from Kano on Tuesday, was used to
cover the pregnancy even though her physical condition
and looks created a suspicion.

Inspector General of Police, IG, Solomon Arase had issued
a directive that she should be handed over to the Gender
and Child Protection Unit and later, a team from the
Medical Department of the Force to carry out a
comprehensive medical examination of the girl-child at
the Police Medical Facility in Area 1, Garki, to certify her
medical status and emotional state.

When contacted, the Force Spokesperson, Olabisi
Kolawole, Assistant Commissioner of Police, said she
could not confirm the report, claiming that she is not a
medical officer.
When asked further, as a mother, if she noticed any sign
of pregnancy in the girl-child, Kolawole said she only saw
her for the first time when she was brought to the Force
Headquarters, Abuja and could not state if Ese had a new
look or not.

Meanwhile, the IG has directed the Bayelsa State Police
Command to take over investigation in the child
abduction saga because the offense was committed in
Bayelsa which is the place of residence of the abductor,
Yunusa Dahiru.
Yunusa will be moved to Yenegoa to face interrogation
and prosecution for kidnapping and child abuse as well as
violence against a girl-child.

Arase also paid for the flight of both mother and daughter
back to Yenagoa via Port Harcourt, Rivers State
Culled from Thisday

Tuesday 1 March 2016

It’s the Economic Incentives, Stupid

An op-ed by Okwu Nwachinaemelu.

Let us talk about milk in Nigeria. Yes, milk. We consume
about 1.1 billion litres of milk every year. Out of that
amount, about 400 million litres are produced locally. We
import between 700 – 750 million litres of milk annually,
spending a lot of scarce foreign exchange in the process.

We have cows, and cows produce milk, but our cows are
not very productive. Our cows produce 0.6 – 1.5 litres of
milk per day. This pales in comparison with imported high
performance cows who can do about 30 litres of milk per
day. Our cows cannot simply compete with their cows, so
you can do the maths, we end up importing.

But that should not be the end of the story; we could do
artificial insemination, cross breed our low-performance
cows with high performance cows – through a process of
trial and error, gradually improve the output from 1.5 litres
per day to 4 litres per day. Eventually we could get to 15
litres per day (or thereabouts). If we had been consistent
about doing this since the 1970s, we would have gotten to
that point and probably exceeded it.
So why have we failed to do stuff like this? There are no
incentives to do so.

This lack of incentives lies at the heart of Nigeria’s
economic dysfunction. Nigeria is one nation where it can
be said that “the whole is less than the sum of its
component parts”. We made a decision during the 1970s to
build a “federal structure” based on allocation of crude
rents to the so-called “federating units”. It is not working,
it does not create incentives to do anything else except;
Demand more crude rents.

Dambisa Moyo wrote “Dead Aid” about how Western aid
had denied African governments’ of their agency. Her
argument was that aid is like welfare, welfare does not
create incentives for economic productivity. Having said
that, Nigeria has something worse than “Dead Aid”. I will
explain.

Nigerian state governors depend on crude oil rents from
the federation allocation account (FAAC). They are
guaranteed FAAC allocations every month (except in very
rare occasions when they get into trouble with the sitting
president – e.g. Lagos vs Abuja).

The point is that unlike
Western aid that comes with some conditions, the “federal
dole” from the FAAC account is (like we say in Nigeria),
“awoof”. If Western aid makes African leaders “lazy”, then
the “federal dole” makes Nigerian state governors twice as
lazy and twice as unimaginative about building their local
economies.

Now let’s go back to milk. Several states have competitive
advantage in dairy production. Unfortunately, the way the
present system is configured, a governor can get by
without understanding anything about the local economy of
his state, let alone seeking ways to improve it. I am told
that one of the governors of the states in question is
“demanding 13% derivation” (just like the Niger Delta
states).

In a system that creates incentives for state governors to
be managers of their state economies, not merely “cost
centre managers”, the driving force for dairy production
would have come from the states. The operating principle
would have been “produce or die”. That system existed in
the 1960s; that is why we had groundnut pyramids and
cocoa and oil palm plantations. Regional premiers did not
have assured inflows from crude oil rents to fall back on,
the success of their regions depended on the success of
the local regional economy. They did not depend on the
price of a barrel of crude, as obtains today.

What is likely to happen today is a “Federal Government
initiative for dairy production”. Money from crude oil rents
is devoted to some dairy development scheme. State
governors who should drive the development of the dairy
sector end up being spectators. The program ends up
being unrealistic and poorly implemented. Nothing
changes. We continue importing vast quantities of milk.

This has happened so many times in the past, and will
continue to happen until we realise this fundamental truth;
The current internal political architecture and the Nigerian
Constitution do not create the right incentives for
economic productivity at the state level.

It is extremely difficult to explain to the average educated
Nigerian that not all Nigeria’s problems are due to
“corruption”. That the solution to all of our problems does
not lie in the hands of a mythical messianic disciplinarian.

Some problems are structural. Our constitution is a
problem; no sane intelligent person genuinely believes our
constitution with its emphasis on oil, oil money and sharing
oil money is the best guide for managing a nation of
almost 200 million people.

The solution to some of our structural problems is a
federal system which creates incentives for economic
productivity. A true federal system, fit for purpose.