Author: The Nation

  • PenCom okays PenOp to carry out recapture

    PenCom okays PenOp to carry out recapture

    By Omobola Tolu-Kusimo

    Data recapture of contributors under the Contributory Pension Scheme (CPS)  has been a major challenge of the National Pension Commission (PENCOM), The Nation has learnt.

    The commission has, therefore, okayed the Pension Operators Association of Nigeria’s (PenOp) proposal for an Industry Shared Services Initiative (SSI) for conducting the recapture.

    PenCom Director-General, Mrs. Aisha Dahir-Umar said: “The Commission has approved the Pension Operators Association of Nigeria’s (PenOp) proposal for an Industry Shared Services Initiative (SSI), for conducting DRE.

    “The SSI entails engagement of two agents by PenOp to conduct the DRE on behalf of all Pension Fund Administrators (PFAs).

    “The DR exercise involves recapturing the personal data including biometrics of all existing registered RSA holders who must provide the National Identity Number (NIN), in line with the Federal Government Identification Policy. However, the non-issuance of the NIN to some RSA holders, among other challenges, had affected the speedy conduct of the DR exercise (DRE) by PFAs.”|

    She further stated that the agents would be deployed to some employers, to recapture RSA holders  who were yet to take part in the exercise.

    “In addition, the agents are also required to enroll RSA holders for the National Identity Number (NIN), where such is unavailable, prior to the recapture. Thereafter, the details of the RSA holder recaptured shall be transmitted to the relevant PFAs.

    “This initiative became imperative in order to ease the challenges being encountered by contributors in participating in the Data Recapturing Exercise. The exercise is also a pre-requisite for contributor for initiating RSA transfer.

    “The RSA Transfer System (RTS), was launched by the National Pension Commission on 16 November 2020. Following the deployment of the RTS, RSA holders commenced initiating RSA transfer requests through their chosen PFAs. A pre-requisite for initiating RSA transfer is to ensure that Data recapture (DR) is carried out by the RSA holder. This is applicable to all RSA holders who opened their RSA before 1st July 2019 and have not been re-captured”.

    The PenCom chief, however, requested the co-operation of  organisations for the smooth conduct of the exercise.

  • Lagos pays N1.49b  to 336 pensioners

    Lagos pays N1.49b to 336 pensioners

    By Omobola Tolu-Kusimo

    The Director-General (DG), Lagos State Pension Commission (LASPEC), Mr. Babalola Obilana has said the government has paid 336 pensioners N1.49 billion as benefits.

    He restated the  government’s commitment to the speedy resolution of pension issues, pledging to ensure the prompt payment of pensioners’ entitlements.

    Obilana, who spoke at the 83rd Bond Presentation to the pensioners in Lagos, said LASPEC is dedicated to the retirees’welfare having worked hard for the progress of the state.

    He said LASPEC was established to take care of the needs of retirees, a role the commission has been performing  and will continue to devote itself to.

    Expressing gratitude to the retirees for cooperating with the agency and adhering to the rules, the DG explained that this has resulted in a greater percentage reduction in delay of the payment of their entitlements.

    “We could have sent these bond certificates to everyone at home, but we deemed it proper for everyone to be here so that we can reiterate that LASPEC is open to all for questions. It gives us great joy that there has been a big reduction in reports of retirees being swindled of their entitlements.

    “This is because the retirees are better enlightened as a result of our constant advocacy as well as open door policy at LASPEC,” he added.

     

     

  • Stanbic IBTC Bank holds trade conference

    Stanbic IBTC Bank holds trade conference

    By Collins Nweze

    Stanbic IBTC Bank, a member of Standard Bank Group, is set to showcase its potential at the Global Trade Review (GTR) West Africa Conference themed ‘Connecting the region’s trade experts’.

    The financial organisation is a platinum sponsor of the two-day virtual event, which will hold today and tomorrow.

    A yearly regional event for trade discussions and networking among leading practitioners in trade, the conference is expected to attract over 600 participants from 300 organisations.

    Some of the topics to be tackled include market volatility and Decarbonisation, Mobilising development finance, Digitisation of trade finance, Counter-cyclical financing support.

    Head, Trade, Stanbic IBTC Bank, Jesuseun Fatoyinbo, is expected to moderate the session on Mobilising development finance: A necessity for Africa’s economic resurgence.

    Chief Executive, Stanbic IBTC Bank, Wole Adeniyi, said: “As a leading end-to-end financial services organisation with solid trade financing footprints across Africa and beyond, we are constantly exploring opportunities to leverage our knowledge, expertise and extensive connections to deliver world class services to our clients in ways that will help them stay ahead of the curve.”

  • FirstBank CEO: Innovation key in post COVID-19 business growth

    FirstBank CEO: Innovation key in post COVID-19 business growth

    By Collins Nweze

    The Chief Executive Officer, First Bank of Nigeria Limited, Adesola Adeduntan, has said technology, innovation and enhanced capabilities are keys to achieving significant business growth in the post-COVID-19 era.

    Speaking at a Digital Disruption Series webinar organised by the Surrey Business School of the University of Surrey, England, the bank chief said the Central Bank of Nigeria (CBN) has for years encouraged innovation of the financial sector and that has reflected on the positive growth seen in the sector.

    He said if there is any part of the  economy, where there is significant progress in terms on innovation, it is in the financial services sector, and that has allowed the Financial Technology (Fintech) firms to thrive.

    The webinar was themed: “Digital disruption: How can companies thrive in Africa post-COVID-19.”

    According to Adeduntan, there was need to study the environment and leverage the digital space to meet the needs of the public.

    He said FirstMobile, the bank’s mobile banking and *894# USSD platforms, remained some of the digital disruptions that had impacted positively on the financial institution, the industry and the financial ecosystem.

    “We have the largest bank agents – close to 90,000 – of them spread across the country, helping to bring in people that were financially excluded into the financial system,” he said.

    On barriers to growth in creating innovative and indigenous knowledge, the CEO cited capital constraint, social infrastructure and cultural approach as some of the  factors.

    “In Nigeria, to solve the capital constraint, the Central Bank of Nigeria and the Banker’s Committee contribute certain percentage of our profit to a pool of fund to serve as equity for entrepreneurs,” he said.

    According to the FirstBank CEO, the absence of social infrastructure in African countries has denied citizens the ability to lead better and quality life, thus leading to the migration of many young and brilliant minds from the continent.

    He said the bank evolved a deliberate approach in its employment, remuneration, exciting work roles and talent development to inspire and retain its young workforce..

    Also,  Thought Leader, University of Edinburgh, Scotland, Prof. Kenneth Amaeshi, said the pandemic has unravelled the need to realign Africa’s institutions, and convert challenges to opportunities.

    Amaeshi said African governments should evolve more favourable policies and incentives that would encourage renewed innovation, increase investment in education, research and development and intellectual property protection.

    “As much as we want to celebrate technology development in Africa, we need Africans to participate and contribute to the knowledge going on in the digital space,” he said.

  • Seplat seeks new capital to settle old debts

    Seplat seeks new capital to settle old debts

    By Taofik Salako, Deputy Group Business Editor

    Seplat Petroleum Development Company Plc has launched a process to raise new debt capital from the international capital market to enable it debts and finance corporate growth plan.

    In a regulatory filing, Seplat, which is quoted on the London Stock Exchange (LSE) and Nigerian Stock Exchange (NSE), stated that it had mandated major global investment bankers and financial institutions to launch the process.

    According to the indigenous oil and gas company, Citi, J.P. Morgan, Standard Bank and Standard Chartered Bank were mandated as global coordinators while Natixis, Rand Merchant Bank and Société Générale were as mandated as bookrunning managers.

    The professional parties were expected to organise a global investor call and one-on-one meeting with fixed-income investors, after which Seplat will issue new debts.

    Seplat plans to issue dollar-denominated, senior unsecured guaranteed notes, subject to market conditions. The company is rated B2 by Moody’s, B by  S & P and B- by Fitch.

    The net proceeds of the new capital raising, according to the company, will be used “to redeem the existing Seplat 2023 notes, repay drawings under the revolving credit facility, for general corporate purposes, and to pay transaction fees and expenses”.

    The Board of Seplat had earlier this month recommended payment of $58 million to shareholders as cash dividends for the 2020 business year, despite running into a major loss during the period.

    Shareholders will receive a final dividend of $0.05 per share, in addition to interim dividend of $0.05, bringing to dividend for the year to $0.10 per share.

    The audited report and accounts for the year ended December 31, 2020 showed Earnings before interest, taxes, depreciation, and amortization (EBITDA) at $265.8 million while operating profit stood at $121 million, before non-cash impairments and unrealised fair value losses.

    The report also showed cash position of $259 million after $100 million RCF repayment, $58 million dividends paid in the year, and $150 million capital expenditure. Net debt stood at $440 million with most maturities after 2021.

    FSDH Group, an investment banking group, described Seplat’s performance as “weak” in 2020 with revenues declining 10.8 per cent and a loss of N30.7 billion in 2020 compared with a profit of N85 billion in 2019.

    According to the report, total revenue in 2020 was N190.9 billion as against N214.2 billion in 2019. The crude oil revenue declined 1.0 per cent to N150.4 billion while gas revenue slipped 34.9 per cent to N40.5 billion in 2020.

    The report noted that the fall in oil revenue reflects lower realised oil prices of $39.95/bbl for the period as against $64.4/bbl in 2019, offset by added production primarily from the Eland assets.

    Following its acquisition, Eland’s revenues and costs are included in the full year 2020 accounts but not reflected in 2019. Brent remained volatile throughout the year, following the twin shocks of the Saudi Arabia – Russia price war and the COVID-19 pandemic, trading between a high of $68.91/bbl in January and a low of $19.33/bbl in April, before ending the year at $51.80/bbl.

    Gas sales revenue declined by 34.9 per cent to N40.5 billion in 2020, due to lower gas sales volumes of 37.1 Bscf compared to 47.8 Bscf in 2019.

    The lower gas sales volumes reflect lower-than-expected gas production due to constrained demand due to the pandemic’s impact and delays in completing the Oben-50 gas well, following restoration in demand. There were no gas-processing revenues in 2020, compared with the one-off gas-processing revenue of N20.5 billion in 2019, the Oben gas plant tolling payment by NPDC. The average realised gas price was slightly higher, at $2.87/Mscf as against $2.84/Mscf in 2019.

    According to the report, following a reassessment of the business models and assumptions to establish their reasonableness and practicality, particularly in the current and expected oil price environment, Seplat booked a non-cash provision of N52 billion across assets in 2020. Including all adjustments, the operating loss for the year was N11.4 billion as against operating profit of N95.8 billion in 2019.

    “The loss reflects lower oil prices realised and an impairment provision of N52 billion booked in the period, which includes a non-financial asset charge of N41.2 billion (IAS 36) and financial asset charges of N10.8 billion (IFRS 9). The financial asset charge includes charges against a deposit made for a potential investment that the company no longer plans to pursue. Other income of N30.2 billion includes an adjustment for an N18.0 billion underlift position, shortfalls of crude lifted below Seplat’s share of production, which is priced at the date of lifting and recognised as other income. The higher net finance charge of N18 billion in 2020 includes interest on the $350 million RCF in December and the consolidation of Eland finance,” the report stated.

    Further analysis showed that loss before tax was N28.9 billion in 2020, compared to a profit before tax of N89.9 billion in 2019. The group’s tax charge for 2020 was N1.8 billion, compared to N9.0 billion for 2019. The reduction in the effective tax rate was principally due to the recognition of tax losses available for utilisation against future profit. Consequently, the loss for the year was N30.7 billion as against profit after tax of N85 billion in 2019.

    The resultant basic loss per share was N46.42 per share in 2020, compared to an earnings per share of N149.35 per share in 2019. The reduction was mainly due to lower oil prices and impairment charges. The board recommended a final dividend of N19 per share in line with the dividend policy, bringing the total dividend to N37.32 per share as against N30.70 per share in 2020.

     

     

  • We’re retaining earnings to drive  growth, says Afriland

    We’re retaining earnings to drive growth, says Afriland

    By Taofik Salako, Deputy Group Business Editor

    Afriland Properties Plc has explained its conservative dividend payment policy as a deliberate strategy to drive growth and ensure better returns to shareholders.

    At the Annual General Meeting (AGM) in Lagos, shareholders of Afriland Properties approved payment of N68.7 million as cash dividend for the business year ended December 31, 2020, representing a dividend per share of 5 kobo.

    Chief Executive Officer, Afriland Properties Plc, Uzoamaka Oshogwe, said the company was ploughing back most of its funds to be able to generate more profits for its business and the shareholders.

    She assured that Afriland will continue to explore more ways to ensure that its business remains profitable.

    She pointed out that last year, the company started and completed the construction of some offices nationwide while significant progress was made on other non-proprietary projects.

    “We have positioned your company to take advantage of government’s policy direction; optimise future rental income from our proprietary properties and to actively pursue an aggressive development of select properties for residential and commercial purposes, with a view to maximising shareholders wealth,” Oshogwe said.

    She said the company will continue to explore the possibility of partnering with reputable organizations with a view to optimizing its property portfolio and thus delivering superior value to shareholders.

    Chairman, Afriland Properties, Emmanuel Nnorom, said the real estate industry was affected negatively by the coronavirus pandemic as public and private properties such as offices, apartments, hotels, sports, and entertainment venues were singled out as potential spreading locations for the coronavirus.

    He said the company commenced and completed several projects during the year such that by the end of the year it had more than 41 projects in different locations in the country and at various stages of completion.

    “Our performance during the year was affected by the events in the larger economy, however, we will further strengthen our balance sheets and business model this year by tapping into the opportunities that will be created in the building and construction sector,” Nnorom said.

    In the year under consideration, the company recorded revenue of N1.42 billion, representing a marginal decline of four per cent from N1.48 billion recorded in 2019. Profit before tax stood at N1 billion in 2020 as against the N1.3 billion in 2019. Total assets stood at N27.07 billion, representing an increase of nine per cent as against N24. 86 billion recorded in 2019.

    A shareholder, Sir Sunny Nwosu, who spoke at the meeting, commended the management of the company for keeping up with activities despite the Covid-19 pandemic and its resultant effect on major businesses.

    While advising the company to gear up efforts to increase dividends in the next financial year, Nwosu praised Afriland’s effort at increasing its retained earnings as well as its efforts at resuscitating the former Raymond House building into the iconic building now known as Afriland Towers,  which according to him holds a pride of place in the Lagos business district.

    Another shareholder, Bisi Bakare, commended the fact that the business kept busy during the peak of the pandemic, as it recorded the completion of several projects during the year under focus, which culminated in its declaration of a modest profit at the end of the financial year.

  • Union Bank insists on sale of UK subsidiary

    Union Bank insists on sale of UK subsidiary

    By Taofik Salako, Deputy Group Business Editor

    Union Bank of Nigeria (UBN) Plc has restated its commitment to the sale of its United Kingdom’s (UK) subsidiary, Union Bank UK (UBUK) Plc, despite the delay in the transaction process.

    Chief Financial Officer, Union Bank of Nigeria (UBN) Plc, Joe Mbulu said UBUK remains classified as “available for sale” as the sale process continues, although delayed due to the pandemic-induced lockdowns.

    Union Bank had entered into a share sale and purchase agreement to divest its 100 per cent equity stake in UBUK more than a year ago. The delay had generated concerns within the investing public.

    The Board of Union Bank had stated that the sale was in line with the bank’s strategy to geographically streamline its business operations to focus on growth opportunities in Nigeria.

    According to the bank, following a competitive bid process, MBU BidCo Limited (MBU), an acquisition vehicle owned by MBU Capital Limited (MBU Capital), was selected as the preferred bidder. The completion of the sale is, however, still subject to regulatory approvals from the relevant regulatory authorities in Nigeria and the UK.

    MBU Capital is an investment management firm founded in 2013 and based in Mayfair, London. MBU Capital has active interests in financial services, healthcare, education, real estate and technology. MBU Capital (UK) LLP is authorised and regulated by the Financial Conduct Authority.

    Chief Executive Officer, Union Bank of Nigeria (UBN) Plc, Emeka Emuwa said the bank decided that as the banking landscape shifts towards digital and agency banking to drive financial inclusion, the Nigerian market presents robust long-term opportunities for it.

    He pointed out that the divestment allows the bank to channel its focus and capital towards mining the Nigerian opportunities fully.

    “Through the sale, we are better positioned to deliver greater value to the organisation and its stakeholders as well as continue to build the future of banking in Nigeria. The terms of the sale of UBUK delivers substantial value to our shareholders, while also entrusting its customers and trading partners to a high-quality financial services institution which will work with existing management to deliver a stronger and more profitable entity,” Emuwa said.

    Founder and Chief Executive Officer, MBU Capital, Mohammed Iqbal said the investment group was delighted with the acquisition, describing it as a huge opportunity to build on UBUK’s strengths in international markets to create a new-style bank which is focused on the needs of UK and international SMEs and entrepreneurs.

    According to him, many customers are seeking a bank which truly understands the needs of entrepreneurial, fast-growing businesses.

    “We believe that our acquisition and vision for UBUK offers the potential for significant growth for the bank. We look forward to working with our new colleagues at UBUK to continue to service the needs of its clients. We also look forward to sustaining and deepening relationships with UBUK’s existing trading partners,” Iqbal said.

  • Nigerian oil-rich poverty

    Nigerian oil-rich poverty

    By Tochukwu Ezukanma

    History has demonstrated that democracy is a fount of political stability, social justice, rule of law, principled distribution of wealth and overall societal progress. It has improved the standards of political morality, elevated societal ethics and refined the value system in many countries of the world. Lamentably, in the topsy-turvy world of our beloved country, Nigeria, democracy has not been attended with any of these laudable outcomes. It has been fraught with social injustice, lawlessness, inequity, poverty, repression of free speech, and most disturbingly, insecurity and the demeaning of human lives.

    Most Nigerians are not politically fastidious; our concerns are limited to the mundane and pedestrian. We long for the basic essentials of life: jobs, food on the table, education for children, electricity, water, security from criminal predators, and protection from the inhumanities of governing officials and agents of government. Unfortunately, after more than 20 years of democracy, our basic expectations of democracy continue to elude us.

    In their hypocrisy, our rulers posture as democrats and sentinels of the public good, but are, in essence, tyrannical and voracious feudal lords. Shelter in their cocoons, they live in islands of affluence and extravagance in an ocean of poverty, gloom and misery. Their thievery and profligacy make it impossible for most Nigerians to share in the general prosperity of the country. So, while the political elite and their cronies maintain life-styles that amaze even the rich and the famous of the wealthiest countries of the world, a frightening proportion of Nigerians are trapped in extreme poverty.

    A onetime United States of American Secretary of State, Warren Christopher, once called Nigeria “the poorest oil-rich nation in the world”. What an oxymoron – oil-rich poverty? It was an appropriate characterization of Nigeria because despite her oil wealth, she ranks with the poorest and war-torn countries of the world in life expectancy, child mortality, and other social indices. Life is a cruel grind for countless Nigerians; so many are consumed by the drudgery for daily existence. Many families can barely eat one square meal a day. Many survive as scavengers, rummaging through trash dumps for edibles, reusable items and sellable scraps; and as street hawkers, thronging the streets hoping to eke out a living by selling water, soft drinks, fruits, etc. to motorists and pedestrians.

    Many Nigerians, even in urban areas, do not have access to clean drinkable water. Consequently, dirt borne diseases, like malaria and Typhoid fever, are very prevalent; people suffer and die from these readily preventable and treatable diseases. Many, especially, in urban areas, are homeless: living in open air and under the bridges. Some of the supposedly lucky ones that can afford housing inhabit decrepit and dilapidated houses, just hovels and pigsties. In them, people are crowded, sometimes, up to 10 persons in one room in dusty, filthy, festering, trash strewn neighborhoods, with gutters clogged with filth and debris, and streets pock-marked with pot holes.

    While we generally train our focus and criticisms on the federal government, the state governors are just as corrupt, irresponsible and dictatorial. Without financial independence, state legislatures lack the independence and intrepidity of a serious parliament; they are rubber stamp parliaments. The governors are essentially provincial despots; their powers are uninhibited. Each governor appropriates from state coffers, at least, N500 million every month, as security vote. The security vote is unaccounted for; it is spent strictly at the discretion of the governor. In their avarice and wastefulness, some state governors refuse to pay state employees for months, sometimes, for more than twelve months. And those that demand a partial payment of their backlog salaries are severely punished.

    It has been written that, “Money is like muck, not good unless it is spread”. As such, “the best antidote for political upheaval is equitable distribution of wealth”. Corollary, the most potent trigger of political turmoil is inequitable distribution of wealth. The social injustice and income disparity in Nigeria will inevitably lead to political turmoil. In our present political passivity and docility, we seem to have forgotten that we have, in the past, risen up, in protest, against exploitative and oppressive powers. Long ago, we successfully rallied against a colonial power and wrested the country from its grip. More recently, we rose up in protest against the repudiation of the collective will of the people – the annulment of the June 12 election – by gun-toting generals.

    Nigerians need to break the vicious grip of our evil rulers, and bring to an end their looting and tearing down the country and deliberate impoverishment of the Nigerian masses. To do these, we must unite in agitation against the iniquitous cabal that rules this country. It is collective, courageous, sustained and strategically directed agitation that will break its ruthless grip on the country and force it to reform its ways.

    The killing of peaceful, flag waving, national anthem-singing protesters was to intimidate Nigerians into passivity. However, Nigerians must muster the guts and gumption to start another more elaborate, better organized and protracted protest against maladministration. After all, has the cudgel of the International Criminal Court (ICC) not fallen on many dictators that wantonly murdered the innocent? Secondly, has history not demonstrated that those that wanted to maintain their power, with guns and bayonets in defiance of the legitimate aspirations of the people have always kissed the dust?

    • Ezukanma writes from Lagos.
  • China’s Xinjiang: Facts speak louder than noise

    China’s Xinjiang: Facts speak louder than noise

    By Charles Onunaiju

    As China’s comprehensive national aggregates soar and with outcome in the overall improvement in the quality of lives of its people of all ethnic nationalities, the social system justifies itself by practice and results and not by obtuse abstraction.

    Against the previous grim and cynical predictions of some western experts and pundits, that the China’s development model would atrophy at some point, and ultimately seek economic and social redemption with all its political ramifications, in the western model of development did not happen and would likely never happen, ideologically fixated politicians in the western countries and their media surrogates seemed to have invented another soft belly which like Hong Kong and Taiwan, it would seek to embarrass and pile pressure and even attempt to contain China: the Xinjiang Uygur Autonomous Region.

    But history has consistently demonstrated that such measures designed to exert pressure on Beijing are usually dead on arrival. Why the West persists in the old path that leads to nowhere can only be explained, in the increasingly dysfunctional and extremely polarizing domestic political process resulting in racist and fascist violence that is becoming commonplace, especially in the United State of America. To be seen to be pontificating liberal values abroad while the home front is in a state of lethargy and disarray is an old trick of the Western ruling establishments.

    The new fad of Western humanitarian concern is the China’s Xinjiang Uygur Autonomous Region, of a population of over 25million for which about 60% is from ethnic minorities with the Uygur ethnic group constituting appropriately 46.11%. The Uygur ethnic group, which are mainly Muslims are the target of western fabrications and slander against China. However, statistics show that the population of Uygur ethnic group has grown rapidly at a rate of 25.04% which is not only higher than the population growth of the entire Xinjiang region at 13.99% but of all minority ethnic groups and even considerably higher than the population of the ethnic Han majority which only grew at 2.0%.

    Since the 18th National Congress of the Communist Party of China (CPC) in 2012 when Xi Jinping was elected the General Secretary of the Party and consequently elected to the presidency in 2013, eliminating poverty in Xingjiang as in other parts of the country was given a high priority. Substantial progress has been recorded in the region through measures ranging from industrial development, relocation, education and infrastructure development to implementing urban and rural affordable housing projects, building potable water safety and ecological conservation facilities.

    Between 2016 and 2020, all the administrative villages across the Xinjiang region were connected to the power grid and were all accessible by tarred concrete roads. More than 40,000 apartments were built for the relocation of nearly 170,000 people to more hospitable places where they would shake off the pangs of poverty and key into the road map of increased prosperity for all the Chinese people. In addition to this, potable water facilities were made available to a total of 1.52 million impoverished population and measures were taken to ensure that not a single child dropped out of school on account of poverty. Basic medical insurances and critical illness insurances became universal not only in Xinjiang region but across all China covering the entire previous poor population, with per-capital net income of registered poor households in Xingjian increasing by 32.32% per annum.

    Last year, despite the impact of the Covid-19 pandemic, over three million rural poor residents of the region were lifted out of poverty. All the 3,666 villages and 35 counties previously designated as extremely impoverished were delisted from the national register of poor people.

    On the February 25, China declared the end of poverty among its 1.4 billion people, 10 years ahead of the UN target of 2030, with President Xi Jinping declaring that “the sunshine of poverty alleviation has shined to every corner, the destines of numerous people have hence changed, the dreams of millions were hence realized and happiness of countless individuals was hence accomplished.”

    Xinjiang has the largest land area, longest land borderline among all provinces and equivalent administrative units in China.

    Covering 1.66 million square kilometers, Xinjiang accounts for nearly one-sixth of China’s total land area. Its land borderline of over 5,700 kilometers accounts for nearly one-fourth of China’s total and bordering eight countries – Mongolia, Russia, Kazakhstan, Tajikistan, Kyrgyzstan, Afghanistan, Pakistan, and India.

    With the Eurasia continental bridge running through, Xinjiang is clearly identified as the core area of the Silk Road Economic Belt of the Belt and Road” framework of international cooperation initiated by China. As a priority locality in China’s national strategy of large-scale development of the western region, it serves as an important gateway for China’s west-ward opening up as well as an important energy base and transport thoroughfare for China.

    Perhaps for its geographic and strategic location, the colourful mix of its ethnic composition, the western fabrications about human right and other alleged abuses, were designed to obliterate the fact of a region and its ethnically diverse residents, who have joined the rest of their compatriots in a fast train of inclusive development and shared prosperity.

    Delegations upon delegation, including some from majority Muslim countries have visited the region to see and confirm the fact of all-round development of the region and its people. Vocational training centers provided in the region to build capacity and help wean off, those affected by extremist radical propaganda were claimed by some western politicians and media as detention facilities. While the CPC and the Chinese government believe that the problem of extremist violence should be dealt with more broadly by improving living conditions and giving people the opportunity to pursue better life for themselves, extremist ring leaders and their anti-social agenda must be dealt with according to law. The West and specifically United States of America, with the Guantanamo Bay detention facility of extremist violent Jihadists is the most exemplary fact, of the efforts to rein in, the excesses of violent extremists.

    The fact on the ground in the Xinjiang Uygur Autonomous Region of China, speaks louder than ideologically-motivated noise of western political establishment and its media outlets that is yet to reconcile itself to the fact of modern China, which proclaimed itself over seven decades ago to have stood up; and “will never again be an insulted nation.”

    The United States has more to do for its for its native American population who still lives in reserve area without access to life improving basic amenities and any rudiment of self -governing mechanism for cultural expression and resource control. One only of the indigenous Native Americans was recently appointed to cabinet level position in the more than 200 years history of the US.

    The political status of Puerto Rico which is considered a U.S territory but is citizens have no voting representation in the US federal government, except for one non-voting resident commissioner in the House of Representatives, has remained a conundrum for the US ruling establishment who care so much for distant Xinjiang region of China but has refused to ameliorate the situation in its own Puerto Rico.

    • Onunaiju, is director of the Centre for China Studies, CCS Abuja.
  • Wanted: ‘ECOMOG’ or Commando-AT-HOME

    Wanted: ‘ECOMOG’ or Commando-AT-HOME

    By Tony Marinho

    COVID-19 deaths approaching 2,730,000 among 124,000,000 diagnosed cases worldwide, Nigerian cases approaching 163,000 and 2,050 deaths.

    The world fought World War 1 and 2 in four years each. Each war called for the recruitment and equipping of hundreds of millions of men and women to man the war machine including weapons and also to run military and civilian supply chains in munitions and kitting the forces, feeding the forces and the suffering populations and transportation across land, sea and air.

    The war machine is no joke. Who dare forget Nigeria’s military and police contribution to UN activities including the Congo in the 1960s and effects of the Civil War 1967-1970 and more recently the ECOMOG saga, still of questionable quality, [Google please] and support from home. At the Lagos airport, I witnessed five-foot yams pallets, like bombs, air-cargo to ECOMOG troops in Liberia and Sierra Leone. Estimates of our personnel deaths range from 500+ to 3,000+. Whichever, they are mostly unsung heroes leaving poorly cared-for widows and children. The true numbers of situational dead in Nigeria resides in total delusional political and tribal confusion and truth denial or figure falseness and ever since 1956 leading to the ‘OVER 200M’ total population claims today, maybe 30% overstated.

    Judge the real Nigerian voter turnout and compare with actual voters in accurately censused countries. Phantoms citizens! Nothing is counted accurately be it the dead, dying, living, newly born, budget, toilets, school wall posters, functional school libraries, covid cases or the vaccinated. Every number is politicised or ethicised. During ECOMOG, I attended a Sango Cemetery funeral when a green bus drove into the clearing and a lady in a pink dress, unusual for a cemetery, jumped out and ran to the site of a small military. As she ran towards the funeral she screamed ‘So, you could not even tell me my husband is dead’ just as the final blank ‘3-Volley Salute’ was fired, signalling ‘Duty, Honour, Country’ and as in war history, the resumption of hostilities following the clearing of the battlefield of the dead and wounded and the bugle mournfully disseminated ‘The Last Post’ among the leaves of the weeping trees crisscrossing the cemetery. Someone said she was probably second wife and not Next-of-Kin manifest. But if she was first wife nko?

    My late Aunty Bola lived behind Atan Cemetery and used to talk about ECOMOG burials, often in shallow graves at night, in the military section of that burial sanctuary. I had the honour of visiting that cemetery to read the gravestone names of ‘Our Heroes Past’ from Private to a Major General. It is a very sobering action which I recommend to all Nigerians especially those in politics and our youth to spend a solitary 15 minutes in respect to those who represent the thousands who have given their lives for a Nigeria which has let most of us down badly, failing to meet our legitimate aspirations and expectations. The Nigerian military has certainly paid the price for the continuance of the Nigerian state as have millions of civilians, too many in even a war situation- declared on the citizens but undeclared so far by government. With our victories abroad we deserve peace at home. But no!

    Where is the local application of ‘Commando’ or the ECOMOG experience so costly in lives and $8b in spite of accusations of poorly late paid troops? Or will we need a foreign ECOMOG with non-Nigerian West African troops eager to payback for perceived and real transgressions of ECOMOG in the past??????

    It is mindboggling that wars declared against Nigeria have lasted longer than the lifetime for this government five years and most of the previous government’s eight years and ECOMOG. Shamefully, this government in five years with a teeming unemployment rate among the youth has not been able to recruit and train the 3-400,000 additional troops and police needed by Nigerians against ISIS-WA, herders with AK-47, bandits with military machine guns and robbers with dynamite and now bye-election mayhem killing hard-working police woman and two others and the repeated razing of a Police HQ and now an attack after Governor Zulum x2, on Governor Ortom who ran from his farm in spite an armed guard -like thousands of attacks on farms and roads across Nigeria against an unarmed population.

    The division of Nigeria into violent terror, bandit, herders or kidnapper territory is unhelpful. We live in a security disaster involving miscreants trained daily to become experienced killers, like their leaders, in all tribes and religions but some killers are protected. No educational facility, road or farm is off limits in this security-deprived country. Even as the minister told us that we have 5,831MW of electricity, we had no power for four days. Only in Nigeria are ‘Generation’ and ‘Transmission’ strange bedfellow and not twins. Meanwhile South Africa, population 46m has 45,000Mw since the 70s from the black-hating apartheid regime!!!

    Nigeria seeks to spend $1.5b on Port Harcourt Refinery planned for sale. For how much, please?? How many modular plants can $1.5b provide? How much solar energy equipment could a $1.5B ‘Revolving Solar Loan Scheme’ for solar factories and new direction solar technology youth employment for genuine renewable energy?

    Tokyo 2021 the first ZZooooomed Olympics, no foreign fans??? One day athletes worldwide will just record their achievements and zoom them in for placement on the medals table.