Tag: Nigeria

  • The French invasion of Nigeria by proxy

    The French invasion of Nigeria by proxy

    Richards Murphy

    Nigeria has indeed seen tough times, tough times that have lasted over six years, with accompanying wanton destruction of lives and properties running into billions of naira.

    While it is argued in some quarters that the Boko Haram crisis has some international sponsors, I nonetheless think there is more than just foreign sponsorship of the activities of the sect.

    In my opinion, there is an international conspiracy to either destroy the economy of Nigeria, or payback for constituting a hindrance to a grand plot.

    Firstly, Nigeria is surrounded by former French colonies, called francophone countries.

    These countries share borders with Nigeria, especially the Northeast, where the activities of the Boko Haram sect is domiciled.

    But curiously, it was observed that Boko Haram terrorist often get their supplies from these countries especially Chad and Mali. That is not the catch.

    The catch is that there is a strong presence of French troops stationed in these countries.

    For instance, in Mali, there are over 3,000 French soldiers under the auspices of Operation Barkhane, a task force, dedicated to tracking Islamist rebels against the wider sub-Saharan area.

    But this is the same Mali that hundreds of Boko Haram members stayed at training camps with Malian militants for months in Timbuktu, learning to fix Kalashnikovs and launch shoulder-fired weapons, under the full glare of Operation Barkhane.

    It didn’t stop there, in Chad, Operation Barkhane has 1,200 troops stationed in that country.

    Yet, activities of Boko Haram terrorists and roving bands of Chadian deserters and former rebels who have made the region south of Chad their base of operations continued, all in the full glare of Operation Barkhane.

    Let me digress to give some foundation for the continuous presence of French troops in its former colonies.

    In some quarters, it is stated that the francophone countries entered into an agreement with France to provide security against a coup.

    So mainly the presence of French troops in these countries is to provide cover for their various business interests somewhat. And part of these activities is ensuring a steady supply of crude oil.

    But the usual cover story they would tell you is that the presence of French troops in Africa is part of a global mission to tackle militancy across Africa.

    However, there have been some reactions to France’s deepening engagement in West Africa.

    Some people say that rather than preventing terrorists from coming to this part of the world, they attract them. According to a Chatham House expert, Paul Melly, France wields a level of influence in sub-Saharan Africa that it cannot command anywhere else in the world.

    Analysts used to refer to the “vested interests” that France had in West Africa in the post-colonial period, and how Nigeria constituted a stumbling block in its quest for outright dominance in Africa.

    However, the odd angle to the whole counter-terrorism narrative as propagated by France is suspect. Suspect in the sense that on three occasions, France has called for a Boko Haram summit.

    The first was in 2014, tagged the Paris Security Summit, which saw leaders from Nigeria, Niger, Cameroon, Chad, and Benin agree to share their technical know-how with Western allies France, as well as the U.S and Britain to defeat Boko Haram. Did anything come out of the summit?

    The answer is a huge no. Instead, Boko Haram activities thrived, they acquired more and more sophisticated weapons that are suspected to have been moved through intermediaries from some of the neighboring countries.

    In 2015, French President François Hollande offered to host a summit of countries fighting Nigeria’s Boko Haram armed Islamists on a visit to Cameroon, as a follow-up to the 2014 summit.

    This again didn’t yield anything tangible. In 2016, there was another summit, where leaders of Lake Chad countries along with French President Francois Hollande, US Deputy Secretary of State Antony Blinken and British Foreign Secretary Philip Hammond gathered in Abuja to discuss a way of defeating Boko Haram. Nothing tangible was achieved.

    This is what happens when you follow the story, only to find the most cynical of intentions from every player involved, and indeed the regional politics and geopolitics of West Africa as a whole.

    Second is the political and economic chessboard in West Africa, where a few interested parties stand to gain from Boko Haram’s ongoing attacks and destabilization of the entire Nigerian state.

    For example, Chad sees in Nigeria potential oil profits as it expands its oil extraction capabilities throughout the Chad Basin. Of course, major oil companies, not to mention powerful western nations such as France, have a vested interest in maintaining their profits from West African oil.

    Today, France’s dominant role continues as its port of Le Havre is the final destination for the unrefined oil extracted from under the feet of West Africans. Are we getting somewhere? Is it now clear why French troops stationed in these francophone countries have continued to turn blind eyes while Boko Haram fighters continue to set up camps, train and launch attacks in Nigeria?

    Your guess is as good as mine. Like I mentioned earlier, the interest of France is the business. For them, since Chad is drilling oil from the Lake Chad basin and the final destination is Le Havre, the insurgency has to continue so the oil can continue to flow. But for how long the French deceit will last is left to be imagined.

    Murphy is a forensic psychologist and contributed this piece from Calabar, Cross River State.

  • Nigeria’s debt profile now $57.39bn — DMO

    The Debt Management Office, DMO, on Sunday said the nation’s total debt profile currently stood at $57.39 billion.

    Director-General of DMO, Dr. Abraham Nwankwo disclosed this when he appeared before the Senator Shehu Sani’s Committee on Foreign and Local Debts to defend his agency’s budget proposal.

    The DG said the total debt stock comprised external and domestic debts of the federal government, those of the 36 states of the federation and the Federal Capital Territory, FCT, as at December 31, 2016.

    Nwankwo explained that of the total debt stock, external debt stood at $11.41 billion, while domestic debt stock was put at $45.98 billion.

    According to him, the 36 states and FCT accounted for about 32.45 percent of the total external debt as at December 31,2016, while the federal government accounted for about 67.55 percent.

    He added that the disaggregated external debt stock of the 36 states and FCT as at June 2016 was $3.65 billion, while the disaggregated domestic debt stock of the states and the FCT as at September 2016 was N2,822.89 billion.

    Explaining the increase in the debt profile, Nwankwo said: “We observed that the increase was about 6.5 percent and this was as a result of additional disbursement because we don’t disburse a good number of the external loan we take at a go.”

    Nwankwo who noted that the domestic debt stock by instruments as at 31st December, 2016 stood at N11,058,204,296,592.00, adding that federal government bonds were N7,564,937,465,592.00; Nigerian Treasury Bills, N3,277,278,831,000.00; and Treasury bonds, N215,988,000,000.00.

    When chairman of the committee, Senator Sani asked why the debt profile had not been forgiven, at least with the goodwill of the present government, the DMO boss said Nigeria would not beg for debt forgiveness, since the economy was in good shape.

    Senator Sani, who was apparently not comfortable with the position of the DMO Director- General, said: “It is shocking that in 2016, people don’t find it easy to feed their families, pay the fees of their children, pay their rents.

    ‘’Now things are in very bad shape, but not typical of somebody who lives with the people, but somebody speaking from an expert point of view to say we are not in a bad position to ask for forgiveness.

    ‘’These are two things, if you are talking from the point of how our people live nowadays, you will not be able to say such things. But you are speaking naturally as an expert.

    ‘’Our most concern is the fact that most of the states simply collect money, piled up so many debts for their children and grandchildren and there is nothing to show for it. Many of them couldn’t pay salaries and we have seen how some new sets of cash disbursement were done to them from excess crude account to ecological funds.”

     

  • Rolls-Royce loses $5.7bn to corruption in Nigeria, others

    Rolls-Royce loses $5.7bn to corruption in Nigeria, others

    Rolls-Royce has reported £4.6bn ($5.7bn) annual loss largely due to currency depreciation and payment of $808m fine to affected countries where it was involved in corrupt practices.

    According to a news agency, The Nerve, the motoring company had last month (January) apologised for the corruption case that centred around allegations that the group hired middlemen to broker deals in a number of countries including Nigeria, South Africa and Angola.

    In 2016, Rolls-Royce and its agent company in Nigeria, PSL Engineering and Control, ordered to supply gas turbines to power plants in the oil states of Bayelsa and Delta, were accused of various projects, especially to Oghareki power plant in Delta that cost $100m but was never completed.

    Findings from an investigation conducted by the Guardian and the British Broadcasting Corporation had uncovered leaked documents and testimony from insiders that suggested that Rolls-Royce might have benefited from the use of illicit payments to key officials and politicians to boost profits for years.

    The Guardian/BBC investigation, called Panorama, revealed that Nigeria, Angola and South Africa were part of the 11 countries the company had hired intermediaries.

    The investigation also revealed Rolls-Royce hired Fana Hlongwane, who is close to South Africa’s ANC government, in 2008 to help broker deals in the country.

    Although, Nigeria or South Africa have yet to get any amount from the agreement, the company revealed last month it had agreed to pay £671m to settle corruption cases with the United Kingdom, the United States and Brazilian authorities.

    The company’s Chief Executive, Warren East, took the helm in 2015 and has been tasked with turning around the company.

    East said, “While we have made a steady start, more remains to be done. The addition of new management and a renewed focus within the business leadership teams, with clear goals and stronger accountabilities, should provide a strong platform for further progress in 2017.”

    He added he would reveal further plans about the firm’s direction later this year.

    Rolls-Royce is a luxury automobile driven by very influential Africans, politicians, businessmen and religious leaders, notably from Nigeria and South Africa.

  • Nigeria’s 3 refineries performed below 15% in 2016 — NNPC

     

    The Nigerian National Petroleum Corporation has said the consolidated operational performance of Nigeria’s three refineries based on their capacity utilisation was below 15 per cent in 2016.

    TheNewsGuru.com reports that the three refineries are the Warri Refining and Petrochemical Company located in Delta State, Port Harcourt Refining Company in Rivers State, and the Kaduna Refining and Petrochemical Company in Kaduna State.

    The facilities got 445,000 barrels of crude oil on a daily basis for the 12-month period, but refined less than 15 per cent of this volume on average

    Specifically, the NNPC stated that the combined capacity utilisation of the plants from January to December last year was 13.75 per cent.

    Their worst performance was recorded in February, after they recorded a capacity utilisation of 1.72 per cent for the month, the national oil firm said.

    It stated that the refineries’ best operational delivery with respect to crude refining was in October as they posted a capacity utilisation of 23.53 per cent.

    On individual performance, an analysis of the NNPC’s latest report showed that the WRPC was dormant for five months last year as it did not refine or process a drop of crude oil in January, February, July, November and December.

    Similarly, the KRPC was dormant for six months in 2016; it failed to process any crude oil in February, March, June, July, November and December.

    Only the PHRC was able to process crude oil for 11 months in 2016. It did not process crude oil in September last year.

    The NNPC stated that the total crude processed by the three local refineries for December 2016 was 141,998 metric tonnes (1,041,129 barrels).

    This, it said, translated to a combined yield efficiency of 82.44 per cent compared to crude processed in November 2016 of 232,768MT (1,706,655 barrels), which translated to a combined yield efficiency of 87.08 per cent.

    It said, “For the month of December 2016, the three refineries produced 121,555MT of finished petroleum products out of 141,998MT of crude processed at a combined capacity utilisation of 7.55 per cent compared to 12.78 per cent combined capacity utilisation achieved in the month of November 2016.

    The adverse performance was due to crude pipeline vandalism in the Niger Delta region coupled with ongoing refineries revamp. However, the three refineries continue to operate at minimal capacity. Only the PHRC processed crude during the month of December 2016.”

    Commenting on the development, the Director, Emerald Energy Institute, University of Port Harcourt, Prof. Wumi Iledare, told our correspondent that the oil and gas sector needed to be restructured in order to enhance not just the output of refineries but that of the industry as a whole.

    Iledare noted that the governance structure of the sector was weak and that this had permeated virtually all the facets of the oil and gas industry, adding that a functional regulatory framework should be put in place.

    He urged the Federal Government to seek the inputs of professionals, as well as train operators manning key positions in the industry in order to get the best from them and boost the performance of the sector.

     

     

  • Don’t wish Buhari dead, pray for his return – Imam begs Nigerians

    The Chief lmam of lmale, llorin, Alhaji Abdullahi AbdulHammed, has urged Nigerians to intensify prayers for the quick recovery and safe return of President Muhammadu Buhari instead of wishing him dead.

    AbdulHammed, a former lslamic Studies lecturer at the Kwara College of Education, llorin, gave the advice in an interview with the News Agency of Nigeria (NAN) on Saturday in Ilorin.

    He condemned insinuations from some Nigerians that Buhari would not return to the country alive, urging such people to desist from what he described as sinful talks.

    “The medical trip of the president is normal. Being a septuagenarian demands a regular medical check-up,” he said.

    He recommended that prayers be offered continually for the nation’s leaders, regardless of their religion, tribe, language and culture.

    He prayed for the quick recovery and safe return of the president to enable him continue his good intention to bring about the total transformation of the country.

    AbdulHammeed particularly praised Buhari’s fight against corruption since his assumption of office, praying God for its logical conclusion.

    “The nation is endowed with all potentials to be great, but corruption, which has reached an alarming stage, is retarding the progress of the country in all sectors of the nation’s economy,” he regretted.

    He appealed to Nigerians to shun destructive tendencies capable of retarding the progress of the nation.

  • Only Africans will buy African oil – Emperor Baywood

    Amidst global uncertainty about the future of crude oil and its implications on oil-dependent economies like Nigeria, the President and CEO, Baywood Group, Emperor Chris Baywood Ibe, has called for a more integrated continental trade structure amidst African countries, saying “Africans are the only ones that will buy their oil.”

    Speaking in Lagos during a press conference to unveil the 2017 agenda of Baywood Group, a multifaceted oil and gas technical service group of companies, Emperor Baywood Ibe said that Nigerian businesses have shown resilience despite the current economic downturn.

    “If we do things right, and global oil price rises, we [Nigeria] will be fine. However, beyond taking our products to the developed world, which is currently not in high demand, we should note that Africans are the only ones that will buy their oil”.

    Reflecting on the over twenty-eight years of business operation in Nigeria, Emperor Baywood Ibe said “Doing business in Nigeria as a Nigerian comes with a lot of things. But, what we have seen is that with determination, expertise, and honesty, things get better over time.”

    He shared the company’s plan to expand its operations both within and outside of Nigeria.

    “The future for Baywood Continental Ltd is extremely exciting, and we are looking to upscale our operations especially, Marginal Fields, acquisition of matured Oil fields from Oil Majors and explore new frontiers in the Energy sector such as cluster power generation using abundant gas for upcoming new cities and towns. Baywood Continental Limited is re-branding to achieve a brand equity balance between current and projected profile of the company.”

    “We have developed the broad and specific elements of the company strategy to actualize this vision. Therefore, the BCL organizational brand is one to watch out for, we will be more active across the print, electronic and social media platforms within the nearest future.”

    Baywood
    L-R: Greg Ugwueze, GM Business Development; Ine Wiche, Company Secretary; Osita Ngwu, Chief Operating Officer; Emperor Chris Baywood Ibe, President and CEO; Gbenga X-adebija, MD, Ashton and Layton; Regina Obanya, Company Secretary/Legal Adviser, during the Press Conference in Lagos, today.

    Commenting on the activities of militants in the oil and gas Niger Delta region, Emperor Baywood, noted that due to unchecked militancy, companies are forced to take on the responsibility of project executors and community managers, which is often not included in the agreement with the International Oil Companies, IOC.

    Emperor Baywood, however, said that despite the economic recession, business politicking amongst other challenges, Baywood Continental Ltd, has maintained a global repute with many industry first achievements including the construction of the largest on-shore gas pipeline in Nigeria; foremost membership of Petroleum Technology Association of Nigeria, PETAN, winning the 2014 Industry Achievement Award.

  • Buhari will rule Nigeria till 2023 – SGF

    The Secretary to the Government of the Federation, Babachir Lawal, has said the President Muhammadu Buhari will rule the country for eight years.

    Lawal noted that the plethora of challenges facing the country now was temporary and that things will improve within the next “one year”.

    The SGF said this while addressing a pro-Buhari crowd gathered at the Unity Fountain, Abuja, on Tuesday, at the beginning of a series of protests in support of the President.

    He told the crowd that President Buhari feels the pains of Nigerians and was encouraged by the show of support to work to improve their lot.

    In his words: “I’m here to thank you for the support you have been giving to this government. As a government, we are encouraged by your support. It is this type of support that encourages the President to do more.

    “We want to assure you that this government is on top of the situation. As much as we understand the challenges that we are facing, there is no cure without medicine.

    “It is for no reason that quinine is very bitter, but after you have taken it, you get well. I assure you that by the grace of God, in the next one year, Nigeria will have a booming economy. We know what they were doing to try to sabotage the activities of government to bring Nigeria back to economic prosperity, they will fail.

    “Nigeria will never go back to the position it was before 2015. The foundation being laid by the government is solid. And nobody, even after the President has finished his eight years, can ever take us back to the pre-2015 days.”

    He expressed optimism that President Buhari would outlive those who wish him dead.

    Also addressing the crowd, the Senior Special Assistant to the President on Media and Publicity, Malam Garba Shehu, apologised for an earlier face-off between the Buhari protesters and security agents at the gate of the Presidential Villa; he blamed the situation on “a communication gap.”

    In his address, Mr. Moses Abdullahi, who is the convener of the Citizens Support for Good Governance in Nigeria, the organisers of the event, absolved the Buhari administration of blame for the current difficulties Nigerians are passing through.

    He said “Nigeria is going through a difficult phase, a phase which is not the making of this administration. It is rather a consequence of decades of bad governance, decay and maladministration by a few under a banner now synonymous with corruption.”

    “Nigeria can only change when we support the government and do our bit and not allow ourselves to be used as agents of destruction and political thuggery.”

    TheNewsGuru.com reports that President Muhammadu Buhari’s first tenure expires on May 29, 2019.

  • Nigeria, U.S. firms partner to power 25 communities

    Nigeria, U.S. firms partner to power 25 communities

    In a bid to seek alternative source of power supply in the country, a Nigerian firm, Community Energy Social Enterprises Limited (CESEL) has signed a 767, 512 dollars (about N241.6 million) Memorandum of Understanding (MoU) with Renewvia Energy Corporation, a U.S. firm.

    Dr Patrick Tolani, Managing Director of CESEL, a Nigerian privately owned firm signed on Tuesday in Abuja, on behalf of the company while Mr Clay Taber, Managing Director Renwvia, signed for his company.

    Tolani said that the MoU was for development of solar microgrids in 25 communities in Bayelsa, Ondo, Ogun, and Osun.

    He said the communities to benefit from the projects are those that had no access to electricity for more than ten years which includes Braz in Bayelsa and Magboro in Ogun State.

    Others, he said included Ilaje areas and Igbokoda in Ondo State; and a community which was completely cut off the grid because of isolation in Osun State.

    Taber in his remarks said Renewvia would install and operate microgrid systems with solar photovoltaic generation capacity and battery storage in 25 communities in Nigeria.

    According to him, the design of the microgrids for the project will include PV panels, string inverters, aluminum racking and energy storage backup power.

    “It is expected that the majority of the power off takers for the project will be residential and commercial end users located within one kilometer of the microgrid generation units that will be connected at the time of project construction.

    “Renewvia and CESEL will sell microgrid customers electricity by KiloWatts through a “pay as you go” structure.

    “The competitiveness of the system helps to ensure payment, as the project would provide consistent and reliable power at a less expensive price than current rural power generation by diesel,” he said.

    He said Renewvia and CESEL also planned to facilitate the transaction through mobile payments.

    He said the companies would employ local and remote resources to support the needs or the power plant for each microgrid.

    The project was supported by Power Africa, a U.S. energy project initiated in 2013 to assist nations in African accessing energy.

    The U.S. Trade and Development Agency would provide grant funding support to CESEL for feasibility study that would access the rollout of 25 solar microgrids in rural and peri-urban communities across Nigeria.

    It is expected that the project would provide up to 10 megawatts and connects over 10, 000 households.

  • FG releases over N844m for 7 states School feeding progamme

    The Federal Government has released N844, 360, 550 to seven states for the provision of at least one meal per day to students.

    Also, a total number of 11,775 cooks have been employed to prepare the meals in those states, while local farmers in the states are also the ones producing the food prepared and served.

    The states include: Anambra, Ebonyi, Enugu, Oyo, Osun, Ogun and Zamfara. While Anambra, Enugu, Osun, Ogun, and Oyo, have commenced the feeding programme, others have not actually started the implementation at the moment. Ebonyi and Zamfara are expected to start this week.

    Senior Special Assistant on Media & Publicity to the President, Office of the Vice President,Mr. Laolu Akande, disclosed this while giving an update on the Social Investment Programme of the present administration.

    Akande in a statement, said: “That means the Buhari Presidency’s Homegrown School Feeding Programme would be feeding this week a total of 1,043, 205 pupils in those seven states.”

    Of all the states, Anambra, which was the first state to receive the funding late last year, has now received three full funding tranches covering 30 school days, totaling N188, 769,000.

    The state, which has a total of 937 cooks, feeds 96,489 pupils. Giving details of the funds, Akande disclosed that in Ebonyi, the Federal Government had also released N115, 218, 600, while 1466 cooks had been engaged to cook for 164,598 pupils.

    Also in Enugu State, the government has released N67,244,800 to feed 96,064 pupils, engaging 1128 cooks. Similarly, in Ogun State, N119, 648, 900 was released to feed 170, 927 pupils, after 1381 cooks had been employed, while in Osun, N92, 425, 400 was released to feed 142,193 pupils.

    2688 cooks were engaged. For Oyo State, N72,288,300 was released by the federal government to feed 103,269 pupils, with 1437 cooks engaged, while Zamfara got N188,765,500 to feed 269, 665 pupils, engaging 2, 738 cooks.

     

  • Corruption is bane of Nigeria’s economic recession – Magu

    Corruption is bane of Nigeria’s economic recession – Magu

     

    The acting chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has said Nigeria slipped into recession because of the massive looting that took place in both public and private organisations.

    He said this accounts for why federal government was hell bent on retrieving all the stolen funds.

    Speaking in an interview with Arise TV, Magu said: “I maintain that the economic recession is caused by corruption.”

    About 90 per cent of the cause of recession is corruption, because there was fund and people stole the funds and kept them where they cannot be reached.

    If we can lay hands on this hidden wealth, we won’t stay for more than three months in this recession. It is sufficient for us to get out of economic recession”, he added.

    Magu advised those still holding looted money to voluntarily return such.

    I think they should just come out and approach the government and say, ‘this is what I have.’ Our emphasis now is on the recovery of the looted fund. People should come out and give us full disclosure, we would go after it”, he added.

    On possible amnesty for looters, he said, “I’m not sure of that. But we encourage recovery if you can voluntarily bring out this thing, disclose this thing. It is the government that would decide. We encourage people to come out and disclose the looted funds.

    They should cooperate with the government. They should come forward and declare what they have looted and the government will take its decision.

    Everybody must join in the fight against corruption. It’s very necessary for the future of this country, for a better tomorrow.”