Tag: African

  • FirstBank backs African Business Conference

    FirstBank backs African Business Conference

    FirstBank of Nigeria Limited will be leading a discourse through its support for the African Business Conference 2016.

    The event with the theme “Africa Rising: Leveraging the power of a younger generation” will hold tomorrow at the Lagos Business School.

    The conference, in its fourth series, is a yearly forum that convenes business leaders across several sectors in Africa and investors seeking to do business to move Africa to the next level.

    The conference would build resourceful conversations on enhancing business practices as well as  proffer solutions to issues peculiar to doing business in Africa.

    The keynote address would be delivered by the  Ondo State Governor, Dr. Olusegun Mimiko, with speakers drawn from various experts. FirstBank has supported this conference through the years to facilitate capacity building among business owners, especially SMEs which are pivotal to economic growth and development.

    Meanwhile, the bank  has unveiled its new SME Campaign  designed to help Small and Medium Scale Enterprises (SMEs) grow their business with diverse product and service.

    According to FirstBank’s spokesperson, Folake Ani-Mumuney, the bank is passionate about driving the African Business terrain to enhance the sustainable growth of the African economy and create the right environment for investments. “We would continue to lead and support conversations as well as create opportunities that will make Nigeria and indeed Africa a better continent,” she said.

     

  • When Ooni challenges pupils about African culture

    When Ooni challenges pupils about African culture

    PUPILS of Queensland Academy, Okota, Lagos last week enjoyed the rare privilege of meeting the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi in his palace during a four-day excursion.

    Proprietress of the school, Mrs. Adenike Okudor, said  the excursion tagged: ‘Know your country’, was to help participants understand their cultural heritage.

    For the pupils, the experience would linger in their memory for a long time.

    The monarch, who encouraged them to study hard, also urged them to learn about their cultures and their parents’ home lands.

    Oba Ogunwusi conducted them round his palace, showing them interesting things, including a mysterious well, which he said from history is regarded as the first wife of every man who eventually becomes the Ooni.

    “This water is the wife of everybody who becomes Ooni in Ife. You can’t see her but I do see her. She is beautiful and nice. It is the wife of our great grandfather that turned out to be the water after she was offended and we must respect her because we inherited her in the palace,” he said.

    He advised school owners to include value for African culture in their curriculum, noting that civilisation started from Africa, and so  African culture, which he described as  ‘the richest in the world’ should not be neglected.

    Oba Ogunwusi, however, regretted that Africans are losing their values daily and challenged the youngsters to preserve them.

    He said: “It is one of my plans to create awareness about our cultural heritage from primary to secondary school and even to the tertiary institutions.

    “This is important because we are losing values and we must encourage our children to preserve it.

    “We need to understand where we hail from and the culture we are practising very well. We also need to derive joy in African culture because development started here. Africa is the oldest continent in the world.

    “There are proper documentation that shows that development started from Africa. We need to preserve this heritage. I also want to encourage you to aggressively embark on domestic tourism for our children to know that we have good things in Africa.

    “Children, I want to beg you for a favour: make sure you understand the culture of your tribe very well.

    “If you are from Igbo land, make sure you understand Igbo culture. If you are from Hausa, make sure you understand Hausa culture, and if you are Yoruba, make sure you learn Yoruba cultural heritage very well. That is who you are and what you should stand for.

    “I want you to understand that you are all Nigerians and we are one. We should be proud of our heritage. If we are proud of our continent, we won’t be regarded as second class citizens of the world.”

    Earlier, a Director of the school, Mr. Segun Akinyelure, who spoke on behalf of Mrs Okudor, said the visit was to establish a relationship with the monarch especially in the area of agriculture.

    He said the school chose Osun for excursion in the Southwest because it is one of the states certified by UNESCO for agricultural development and tourism in Nigeria.

    He said the school’s mission is to promote tourism and agriculture and inculcate self-reliance in the pupils early in life.

    “The school is also trying to help the pupils know their culture and where they come from. Some of them have travelled far and wide but they don’t really understand their culture. They have gone on excursion to Europe and USA but this time around, we felt it is good for them to know their culture. We also want to know how we can partner with Kabiyesi in the area of agriculture.

    An SS 1 pupil, Favour Ifechukwu-Okafor, was  awed by the cultural artifacts.

    “The kabiyesi has demonstrated high level of understanding on how to encourage children.

    “He taught us how to secure a prosperous and fulfilling future. The most amazing thing is that of the mysterious water he showed us. It is an unforgettable experience. When I get home, I will tell my parents, friends and family to ensure they also visit here for more enlightenment about our culture,” she said.

  • African Basketball League: Two Americans join Lagos Warriors

    African Basketball League: Two Americans join Lagos Warriors

    To boost its chances of doing well in the inaugural African Basketball League (ABL), which is expected to begin next month, Lagos Warriors’ have signed two American players who arrived Nigeria yesterday.

    The players – Tony Freeland and Melvin Goins II – touched down at the Murtala Mohammed Airport into the waiting arms of the team’s delegation led by Joseph Apu. Others who were at the airport to receive the new signings are head coach of the team, Joseph Nomigo and team manager, Bimbo Mash.

    Apu said the arrival of the players would bring competition into the team, as players battle for places in the starting line-up. He also said the arrival of the Americans would create a healthy rivalry among the players and encourage them to be at the highest level always. He stated that the team would become stronger and compete for honours in the ABL.

    The players are expected to make their debut on March 9 when Warriors take on Stallions at the Landmark Centre in Lagos. Apu stated that the game was postponed to allow the new players settle down, while one or two other games might take place early next month in different centres in the continent.

    Freeland, a 6’7 forward is expected to bring bite to the Warriors attack, while Goins 5’11 will operate from the point guard position.

    Other teams that would be involved in the privately-run league are Lagos Islanders, Stallions, Lagos City Chiefs, Dakar Rapids (Senegal) Abidjan Ramblers ( Cote D’Ivoire) and Izobe Basketball Club from Libreville, Gabon.

    At the launch of the league, Ugo Udezue, CEO of the African Sports Entertainment, emphasised that the ABL was set up primarily for the purpose of improving socio-economic development of the African continent via Tourism and Sports.

    The former professional basketball star said much hard work had gone into making the ABL a huge success right from its first season and that he was confident the dream tied to the project would be realised soon.

    Ugo said: “Yes, we are the investors in ABL, but the credit does not belong to us. We are a private entity, but profits are not our motivation. If it was just about profits I won’t be in the project.

    “If it was profit we don’t have to pay players the way we are going to because the market value doesn’t dictate hat we do. Yes we have worked hard to put together this opportunity but the credit goes to the cities that we will represent like Lagos State, Abidjan, Libreville, Dakar. Our purpose is larger than ourselves; our purpose is not for today but to lay the groundwork in sports for our future generations. ‘’

    Ugo added that the goal of the ABL was to create jobs and build an ecosystem that benefits the African environment.

  • StarTimes secures African Basketball League right

    StarTimes has secured right to air live broadcasts of the the African Basketball League (ABL) on the TRACE Sports Stars channel from March 4.

    It said with the right, basketball fans will be able to watch the ABL including the All-Star Games, Play offs and behind the scenes show live on TRACE channels and TRACE Sport Stars, the first global entertainment channel dedicated to review of lives of stars in the world of sport.

    Its Group Managing Director, Media Department and VP, Michael Dearham,  said: “We are very excited to bring African basketball onto the StarTimes platform and believe the various matches will provide our sport loving subscribers with some high quality entertainment.”

    Also, the CEO of ABL, Ugo Udezue, said: “This is a historic moment for the ABL and will contribute greatly to the growth of professional basketball within the African continent. We are excited to feed the appetite of basketball lovers all across the world.”

    It said the TRACE Sports Stars is available on the StarTimes DTT channel 260 (Classic bouquet) and DTH channel 254 (Smart bouquet).

  • Making of an African giant (1)

    Making of an African giant (1)

    It is tough being a Nigerian. It is even tougher believing in Nigeria. I have a colleague who said he cannot “forgive Nigeria” for letting his late father die on his wheelchair in one of our teaching hospitals because of “lack of bed space.”

    How, for instance, would widows of Nigerian soldiers killed by terrorists be feeling now following allegation of diversion of funds meant for the purchase of arms for their late husbands to effectively defend themselves in the fight against Boko Haram? How would family members of hundreds that die on our terrible roads feel each time they hear of diversion of contracts funds for fixing these roads? One way or another, “Nigeria” has hurt, and still hurting many of her citizens.

    In the midst of all these however, I remain optimistic that things can still change. It is also gratifying that I’m not alone in my optimism as majority now feel we all need to do the right things to ensure our dear Nigeria finally joins the comity of real nations where justice and equity reign supreme.

    When I wrote a two part series on books (November 5th and 12th 2015), I received series of emails and text messages. Of all the messages I received, one stood out. Dr. Dan Mou, an accomplished political scientist and public servant with a firm grasp of national security and public policy sent me a short message which I ran in the second part.

    While commending me for the five books I featured, he inquired if I have come across his new book: “Making of an African Giant: State, Politics and Public Policy in Nigeria” which was published just a month before I wrote the article. I said no. He challenged me to order copies of the two volume book and let him know my thoughts. Though he didn’t say it, I guess he would’ve wondered – just like other readers – why I did not feature any book written by a Nigerian author in the articles.

    I took up the challenge of ordering the books but had to travel to Makurdi and Abuja for personal reasons. I wouldn’t know what propelled Dr. Mou to call me the very night I arrived Abuja – was it providence? I told him the next morning I was in Abuja but will be leaving that morning. “Why didn’t you let me know you’re in Abuja; can we meet?” he asked subtly. I obliged and we met that morning at his residence; and what a meeting it turned out to be!

    I did not only get autographed copies of the book, but a forty five minute ‘lecture’ on public policy and the state of affairs in Nigeria which incidentally is the focus of this excellent and well researched book filled with the authors contribution toward a better and prosperous Nigeria. Nigeria too may have “hurt” this gentleman too, yet I saw the optimism in him that things can change. I was glad I was in familiar territory.

    If not for that chance meeting how would I have known that this was the man that wrote a personal memo to former President Olusegun Obasanjo that led to the establishment of the Economic and Financial Crimes Commission (EFCC)? How would I have also known that he was equally the brain behind a personal memo that led to the establishment of the Ministry of Niger Delta Affairs and the Amnesty Programme that brought relative peace to that hitherto restive region?

    Guess what; he and Dr. Rose Abang-Wushishi, a retired AIG of the police who jointly wrote the memo were not even acknowledged when the EFCC was formally established; neither was he in the picture when the Ministry of Niger Delta Affairs came into existence.

    There and other private memos he wrote to former Heads of State from Abacha to Jonathan are included in this excellent book that all Nigerians should read. It can be quite painful doing the ‘donkey job’ without being appreciated. In all this, did I detect any hint of bitterness in Dr. Mou? Not at all, he is still contributing his quota to ensure Nigeria gets back on the right track. This is surely one optimistic Nigerian.

    In the book, he wrote that the performance of Nigeria has recently been vehemently criticised as not commensurate with her human and material potentialities. “The hope that Nigeria is, by destiny, the African Giant appears to be fading. Some analysts, seeing this, have blamed it on the character defects of the leadership in Nigeria. They argue that because the leaders are “predatory and corrupt,” they have preoccupied themselves with their interests, which are “primitive accumulation and luxurious lifestyles.” Meanwhile, the rest of the citizens are suffering.”

    Such character defects, he argues, may indeed exist in some of Nigerian leaders. However, these are not the main reasons for their dismal performance regarding the welfare of the citizens. The main problem is that “Nigerian leaders seem to have largely lost control over the state and its policies, which appear to have been captured by the dominant classes and groups—local and international. Nigeria’s main problem is, therefore, a structural one.”

    Nonetheless, the book notes that as the security, economic, political, and social crises intensify, Nigerian leaders, even if it is simply for self-preservation, will be forced by the objective conditions to move against the interests of these dominant classes and groups. It is only then that she can realistically be restored to the possibility of becoming an “African Giant.”

    So what is presently happening in the country? Is this present administration not moving against these dominant classes and groups? It is instructive to note that in the current and frontal attack against corruption I have not read about anyone denying allegation of receiving slush funds as is being revealed almost daily. What I read is that such funds were released for “services” rendered by the said individual or individuals – I stand corrected if there are denials.

    Dr. Mou rightly predicted what we are currently witnessing. He argues that this “was not what had been expected at independence. Post-independence national development plans preambles were based on broad egalitarian precepts, which were often an extension of the nationalistic rhetoric of independence struggle.”

    He went on to elaborate that they included commitment to equal opportunities, poverty eradication, and full employment. Others were protection of human rights and good governance. Agriculture was to receive the highest priority attention since majority of people were involved in it for their livelihood and prosperity.

    These promises fired the imagination of different sections of the population, especially the urban dwellers which it was assumed, stood directly to gain from independence. But what is the critical challenge here? “When it came to fulfilling these promises, it became clear that a gulf separated reality from expectations.”

    Everywhere on the African continent, he argues, there is high level of poverty, unemployment, blatant abuse of human rights, insecurity, poor infrastructure and several other problems. “Nigeria, for one, blessed abundantly with human and natural resources, was expected, and is being widely expected, to be the shining light in Africa. Many have long expected Nigeria to assume her manifest destiny of the ‘Giant of Africa.”

    t is tough being a Nigerian. It is even tougher believing in Nigeria. I have a colleague who said he cannot “forgive Nigeria” for letting his late father die on his wheelchair in one of our teaching hospitals because of “lack of bed space.”

    How, for instance, would widows of Nigerian soldiers killed by terrorists be feeling now following allegation of diversion of funds meant for the purchase of arms for their late husbands to effectively defend themselves in the fight against Boko Haram? How would family members of hundreds that die on our terrible roads feel each time they hear of diversion of contracts funds for fixing these roads? One way or another, “Nigeria” has hurt, and still hurting many of her citizens.

    In the midst of all these however, I remain optimistic that things can still change. It is also gratifying that I’m not alone in my optimism as majority now feel we all need to do the right things to ensure our dear Nigeria finally joins the comity of real nations where justice and equity reign supreme.

    When I wrote a two part series on books (November 5th and 12th 2015), I received series of emails and text messages. Of all the messages I received, one stood out. Dr. Dan Mou, an accomplished political scientist and public servant with a firm grasp of national security and public policy sent me a short message which I ran in the second part.

    While commending me for the five books I featured, he inquired if I have come across his new book: “Making of an African Giant: State, Politics and Public Policy in Nigeria” which was published just a month before I wrote the article. I said no. He challenged me to order copies of the two volume book and let him know my thoughts. Though he didn’t say it, I guess he would’ve wondered – just like other readers – why I did not feature any book written by a Nigerian author in the articles.

    I took up the challenge of ordering the books but had to travel to Makurdi and Abuja for personal reasons. I wouldn’t know what propelled Dr. Mou to call me the very night I arrived Abuja – was it providence? I told him the next morning I was in Abuja but will be leaving that morning. “Why didn’t you let me know you’re in Abuja; can we meet?” he asked subtly. I obliged and we met that morning at his residence; and what a meeting it turned out to be!

    I did not only get autographed copies of the book, but a forty five minute ‘lecture’ on public policy and the state of affairs in Nigeria which incidentally is the focus of this excellent and well researched book filled with the authors contribution toward a better and prosperous Nigeria. Nigeria too may have “hurt” this gentleman too, yet I saw the optimism in him that things can change. I was glad I was in familiar territory.

    If not for that chance meeting how would I have known that this was the man that wrote a personal memo to former President Olusegun Obasanjo that led to the establishment of the Economic and Financial Crimes Commission (EFCC)? How would I have also known that he was equally the brain behind a personal memo that led to the establishment of the Ministry of Niger Delta Affairs and the Amnesty Programme that brought relative peace to that hitherto restive region?

    Guess what; he and Dr. Rose Abang-Wushishi, a retired AIG of the police who jointly wrote the memo were not even acknowledged when the EFCC was formally established; neither was he in the picture when the Ministry of Niger Delta Affairs came into existence.

    There and other private memos he wrote to former Heads of State from Abacha to Jonathan are included in this excellent book that all Nigerians should read. It can be quite painful doing the ‘donkey job’ without being appreciated. In all this, did I detect any hint of bitterness in Dr. Mou? Not at all, he is still contributing his quota to ensure Nigeria gets back on the right track. This is surely one optimistic Nigerian.

    In the book, he wrote that the performance of Nigeria has recently been vehemently criticised as not commensurate with her human and material potentialities. “The hope that Nigeria is, by destiny, the African Giant appears to be fading. Some analysts, seeing this, have blamed it on the character defects of the leadership in Nigeria. They argue that because the leaders are “predatory and corrupt,” they have preoccupied themselves with their interests, which are “primitive accumulation and luxurious lifestyles.” Meanwhile, the rest of the citizens are suffering.”

    Such character defects, he argues, may indeed exist in some of Nigerian leaders. However, these are not the main reasons for their dismal performance regarding the welfare of the citizens. The main problem is that “Nigerian leaders seem to have largely lost control over the state and its policies, which appear to have been captured by the dominant classes and groups—local and international. Nigeria’s main problem is, therefore, a structural one.”

    Nonetheless, the book notes that as the security, economic, political, and social crises intensify, Nigerian leaders, even if it is simply for self-preservation, will be forced by the objective conditions to move against the interests of these dominant classes and groups. It is only then that she can realistically be restored to the possibility of becoming an “African Giant.”

    So what is presently happening in the country? Is this present administration not moving against these dominant classes and groups? It is instructive to note that in the current and frontal attack against corruption I have not read about anyone denying allegation of receiving slush funds as is being revealed almost daily. What I read is that such funds were released for “services” rendered by the said individual or individuals – I stand corrected if there are denials.

    Dr. Mou rightly predicted what we are currently witnessing. He argues that this “was not what had been expected at independence. Post-independence national development plans preambles were based on broad egalitarian precepts, which were often an extension of the nationalistic rhetoric of independence struggle.”

    He went on to elaborate that they included commitment to equal opportunities, poverty eradication, and full employment. Others were protection of human rights and good governance. Agriculture was to receive the highest priority attention since majority of people were involved in it for their livelihood and prosperity.

    These promises fired the imagination of different sections of the population, especially the urban dwellers which it was assumed, stood directly to gain from independence. But what is the critical challenge here? “When it came to fulfilling these promises, it became clear that a gulf separated reality from expectations.”

    Everywhere on the African continent, he argues, there is high level of poverty, unemployment, blatant abuse of human rights, insecurity, poor infrastructure and several other problems. “Nigeria, for one, blessed abundantly with human and natural resources, was expected, and is being widely expected, to be the shining light in Africa. Many have long expected Nigeria to assume her manifest destiny of the ‘Giant of Africa.”

  • Aubameyang dethrones Toure as Glo African Footballer of the Year

    Aubameyang dethrones Toure as Glo African Footballer of the Year

    Panthers of Gabon Captain Pierre-Emerick Aubameyang last night dethroned Manchester City midfield maestro Yaya Toure to emerge as the 2015 Glo Africa Footballer of The Year.
    At a glamorous ceremony at the International Conference Centre (ICC) in Abuja , the Gabonese striker was picked based n his exploits in the German Bundesliga where he plays.
    Apart from his outing for his club, the light skinned striker was also instrumental in Gabon’s qualification for the last round of qualifiers for the 2018 World Cup.
    Nigerian players won awards in other categories at the impressive ceremony co-hosted by  broadcaster Robert Marawa and top Ghanaian actress Juliet Ibrahim.
    Teenage sensation Victor Osimhen won the award for the Youth Player ahead of his compatriot and captain in the Golden Eaglets squad, Kelechi Nwakali and Mali’s duo of Adama Traore and Samuel Diarra, Mali.
    Another Nigerian, Etebo Oghenekaro emerged the Most Promising Talent of the Year after his five goals at the CAF U-23 Africa Cup of Nations helped Nigeria’s Dream Team VI to win the tournament which served as qualification for the Rio 2016 Olympic Games.
    Golden Eaglets coach Emmanuel Amuneke lost out to Herve Renard in the Coach of the Year category. Renard led the Elephants of Cote d’Ivoire to win the 2015 Africa Cup of Nations in Equatorial Guinea.
    Cote d’Ivoire emerged the National Team of the Year having won the 2015 Africa Cup of Nations for the first time in 23 years and already in the final round of the 2018 World Cup qualifiers.
    Tanzanian striker Mbwana Samatta was adjudged the Africa Player of the Year based in Africa. The forward scored seven goals for his club TP Mazembe of Congo DR as they lifted the CAF Champions League for a record fifth time.
    The Women National Team of the Year went to the Lionesses of Cameroon for getting to the knock out stages of the last edition of the Women’s World Cup held in Canada last year in their their debut appearance.
    The Woman Player of the Year also went to Lionesses of Cameroon forward,Gaelle Enganamouit for her exploits at the Women’s World Cup in Canada which assisted the Lionesses to get to the knock out stages of the tournament.
    TP Mazembe of DR Congo were named the Club of the Year after winning their fifth CAF Champions League title,beating USM Algiers 4-1 on aggregat in the final.
    The Referee of the Year went to Gambia’s Bakary Papa Gassama while Allez Casa,the Supporters’ club of the Senegalese National team got the CAF Fair Play Award.
    Charles Kumi Gyamfi of Ghana and Cameroon’s Samuel Mbappé Léppé grabbed the African Legend award.

  • Akwaaba: Selling African destinations

    Akwaaba: Selling African destinations

    THE Akwaaba tourism fair launched with cautious optimist 11 years ago with the aim of becoming the market place for tourism products and business in West Africa. There was a certain level of mooted pessimism on the ability of the fair to thrive considering the misadventures of those who tried to float travel fairs in the past. The list of fairs that could not be sustained included the Abuja Tourism Expo, WATTS, and many others.

    In 2015, and eleven years down the line, the Akwaaba Travel Market has not only established itself as the most consistent industry-recognised fair in West Africa, it has been globally recognised as the fair for travel and tourism business in West Africa.

    The 2015 edition of Akwaaba travel fair proved that the fair garnered acceptance in West Africa, Africa and beyond. About 15 countries from Africa and beyond were represented at the event, including United Arab Emirates, South Africa, Ghana, Gambia, Rwanda, Kenya, Ethiopia, Morocco, Benin Republic, Liberia, Sierra Leone and others.

    The fair was declared open by former Nigerian ambassador to Spain and wife of the late Igbo leader, Mrs Bianca Ojukwu. The fair kicked off with the wedding expo.

    Akwaaba demonstrated a rebound from last year’s Ebola scare when the scourge brought the nation’s hospitality and tourism industry to its knees. It also proved that the huge population of Nigeria and the insatiable appetite of Nigerians for travelling would continue to make the country a market for many destinations. Akwaaba also proved that it has  become an authentic window into the Nigerian market. Top among the exhibitors were the Dubai tourism board who came to promote the city’s shopping fair and give Nigerians the opportunity to win free trip to Dubai.

    Akwaaba 2015 underscored the need for intra-Africa travel and the need for Africans to visit other African countries. This point was made as most top African destinations have liberal visa conditions making travel to the destinations economical, less strenuous and authentic.

    Destinations like Kenya, The Gambia and Rwanda also entertained visitors with national cuisines and cultural troupes at the event.

    Top on the list of activities at the fair was the award night where the Akwaaba Award Committee honored Kenya’s Waturi Wa Matu with a Tourism Legend Award for efforts in making East African countries a single visa country.

    The highpoint of the fair was, however, the visit of Cross Rivers State Governor, Professor Ben Ayade. He came as the special guest of honour and to promote the annual Calabar Festival billed to kick off December 1.

    Ayade was full of praise for the fair and promised support. He said: “I am here to specially witness Akwaaba. It has been part of history and culture. I have known Ikechi (the organiser) for the last 15 to 20 years. If I recall, in 2003, I won his Tourist Man of the Year – the most travelled man of the year – because I have been in tourism. I have invested in tourism and I do recognise the value of tourism, and today I am the governor of the number tourism state of this country.

    “Akwaaba has done great. Akwaaba has brought integration among African states. Akwaaba has created an opportunity for us to recognise the value of African travel. For most of us who have travelled round the whole world, but with very little travel

  • Tackling ethnicity in African politics

    Tackling ethnicity in African politics

    A firm of legal practitioners and arbitrators has organised its 2015 annual lecture under the theme, ‘Politics, Democracy and Ethnicity’ in Lagos. Guest lecturer Prof. Bolaji Akinyemi and other participants proffered solutions to the challenges of ethnicity in politics. Deputy Political Editor RAYMOND MORDI, who was at the event, reports.

    After a comprehensive analysis of the make-up of many countries, former Minister of External Affairs Prof. Bolaji Akinyemi said very few countries are populated by one ethnic nationality and that ethnicity is a global problem.

    Akinyemi, who was the guest speaker at the 2015 annual lecture of Aelex, a firm of legal practitioners and arbitrators, in Lagos, noted that ethnicity has been over flogged in African politics and that the political class should borrow a leaf from the way the problem has been managed in Europe and elsewhere in the world.

    The professor of Political Science, who spoke under the theme, “African Countries: Politics, Democracy and Ethnicity”, said it is the failure of the African political system to fully interrogate the ethnic conundrum that still constitutes the major stumbling block to nation-building. He said: “The main issue which confronts ethnicity in the electoral conundrum in Africa is how to build an inclusive electoral system which turns the ethnic kaelodoscopy into a positive factor.”

    The guest speaker called for the adoption of the two-party system, whether imposed by the constitution or evolving naturally, as the best antidote to mitigate the negative consequences of ethnicity in African politics.

    With reference to Nigeria, he said the principle of rotation between the North and the South at presidential elections is another convention that has crept into use since 1999. Prof Akinyemi blamed the military for this development, saying those who fought for the restoration of democracy were not consulted before the decision was reached to hand-over power to a Yoruba to appease the Southwest for the annulment of the June 12, 1993 election.

    Akinyemi, who was the deputy Chairman of the 2014 National Conference, said he opposed the idea of rotation, as well as the principle of Federal Character, because of the way noble concepts are distorted and implemented in a ludicrous manner in Nigeria.

    He said other African countries have in one form or the other adopted the issue of rotation in politics. His words: “For example, in Tanzania, you had President Julius Nyerere from the mainland (Tangayika) succeeded by Ali Hassan Mwinyi from Zanzibar who in turn was succeeded by Benjamin Mkapa from the mainland who was in turn succeeded by Jakaya Kikwete, a Moslem but from the mainland.

    “Another example is Kenya where the first President Jomo Kenyatta, a Kikuyu, was succeeded by Daniel Arap Moi, a Kalenjin, who was in turn succeeded by Mwai Kibaki, a Kikuyu, with Raila Odinga, a Luo, as a Prime Minister and who in turn was succeeded by Uhuru Kenyatta, a Kikuyu.”

    The former Director-General of the Nigeria Institute of International Affairs (NIIA) said the issue of tackling the influence of ethnicity in politics would remain work in progress, because the interrelation between African politics, democracy and ethnicity is a complex one. “There is no evidence to suggest that African governments have not been sincere in addressing the issues, even in the face of clear evidence of the continuing crisis posed by the issues,” he added.

    Former Minister of Foreign Affairs, Gen. Ike Nwachukwu, who chaired the lecture, said it could not have come at a better time because the issue of ethnicity in politics is the biggest problem currently being faced by many African countries.

    Nwachukwu asked rhetorically: How do you deal with the trust deficit caused by ethnic and religious differences? Why is the African politician dependant on ethnicity and religious sentiments, rather than the ethos of democracy, to win elections? He said ethnicity has so permeated the society that its manifestations are now beyond the realm of politics.

    The former Foreign Affairs Minister called on President Muhammadu Buhari to implement the recommendations of the 2014 National Conference, saying that it provides workable solutions to most of Nigeria’s problems.

    Elder statesman, Mr. Femi Okunnu, who was part of the audience, said if Nigeria had sustained the political trend of the 1930s and the 1940s, where ethnicity played no role, it would have become a great nation today.

    Okunnu said socio-cultural organisations like Ohana’eze Ndigbo, the Afenifere and Seriki Hausawa should stop dabbling in politics.

    The consensus of the gathering was that the problem revolves round the current warped concept of citizenship in the Nigerian federation; that the settler-indigene dichotomy should be abolished and the idea of compelling Nigerians to disclose their local government and state of origin anytime they fill a form is an anathema to the unity and progress of the country.

     

  • African pension funds create investment capital pool

    With pension funds in some parts of Africa growing at a remarkable pace, the continent has become its own biggest investor.

    This is according to RisCura’s 2015 Bright Africa report, an on-going research effort aimed at assisting investors into the continent.

    Africa has experienced tremendous growth in pension assets over last five years. Assets in East Africa, for example, have grown in excess of 20 per cent on a consistent basis only overshadowed by Nigeria, which has seen growth between 25 per cent and 30 per cent.

    In much of sub-Saharan Africa where pension systems are older and more established, growth rates have been lower, but still strong, ranging between eight percent and 18 per cent over the previous five years. These trends are set to continue as this young continent moves towards increased coverage, and more inclusive and comprehensive systems.

    In line with global trends, the vast majority of retirement income in Africa is funded by governments, derived from taxes or other forms of government revenue (essentially a pay-as-you-go system or PAYG). With a large proportion of formal sector workers concentrated in the civil service, pension funds for public sector workers are well established and benefits are often more substantial compared to the private sector.

    Coverage on the continent however, is much lower compared to the rest of the world. Data from the Labour Office’s 2014, 2015 World Social Protection Report estimates that currently only 16.9 per cent of older people in sub-Saharan Africa receive an old age pension. Although this number is higher in North Africa at 36.7 per cent, it is still considerably lower than much of the developed world, 90 per cent in North America and Europe. A recent report on the pension sector in the East African Community estimates that between 80-90 per cent of the population is not reached via public or private pension fund schemes.

    In part, this is due to the unique circumstances in Africa including demographics, young population, a large informal employment sector, and migration with limited pension portability, and dependency on government finances. The pace of regulatory reform has also led to divergent coverage trends between countries and regions.

     

    Pension funds as investors

    Pension funds globally have become significant investors, both as fiduciaries in global capital markets and in their capacity as investors in local and international development projects. At the end of 2014, global pension fund assets were estimated at USD 36,119 billion, representing a 6.1 per cent rise from the 2013 year-end value. On average, these assets account for 84.4 per cent of these countries’ GDP.

    • Courtesy: RisCura analysis

  • Nigeria tops African medical tourism to India chart

    Nigeria tops African medical tourism to India chart

    Nigeria is leading the chart of Africans seeking medical care in India, with about 42.4 per cent.

    Others prominent on the chart are Tanzania, Kenya, Sudan, Mauritius, Egypt and South Africa.

    India’s pharmaceutical exports to Africa increased from $247.64 million in 2000 to $3.5 billion in 2014.

    But medical tourism by Africans to India was said to be on the increase due to poor facilities on the continent.

    According to a 2013 statistics (the latest available) released by the New Delhi-based Research and Information System for Developing Countries (RIS), of 275,271 tourist arrivals in India, Nigeria accounted for 34,522.

    The report showed that 42.4 per cent of 34, 522 Nigerians, who visited India, came for medical treatment.

    The breakdown of African tourist arrivals in India and medical treatment percentage is as follows: Tanzania-23,345(18.5 per cent); Kenya- 40,484(9.2 per cent); Sudan-8,778(9.1 per cent); Mauritius-27,418(5.1 per cent); Egypt-15,062(1.1 per cent); South Africa-58,023 (0.9 per cent) and others-67,639 (13.9 per cent).

    The report said: “India, known mostly for its cost-effective medical treatment with high standards in cardiology, orthopedics, nephrology, oncology and neuro-surgery, is suitable for an average African customer, who can’t afford to purchase high-end products from the West.

    “Share of African tourist arrivals in India was 3.95 per cent in 2013, of which 14.2 per cent tourists came for medical treatment, mainly from Nigeria, Tanzania, Kenya, Sudan, Mauritius, Egypt and South Africa.”

    It explained why Africans  come to India for medical treatment.

    The report added: “For want of expertise in medical services, finance and governance, health infrastructure in Africa is facing problems.

    “India is one of the top destinations for medical tourism due to favourable climatic conditions, availability of herbal medicines and high quality super speciality hospitals.

    “Traditional and alternative medicines, such as Ayurveda, Naturopathy, Yoga and Homeopathy facilitate medical tourism.”

    To save cost, medical groups in India have been encouraged to set up hospitals and health centres in Africa.

    The report said: “Indian entities have also been engaged in setting up health infrastructure facilities within Africa.

    “In 2003, Apollo group of hospitals was the first private hospital to offer its consultancy services to hospitals in West Africa, Ghana and Nigeria.

    “Apollo has been the project consultant for setting up a 100-bed multi-speciality hospital in Ghana.”

    On pharmaceutical exports to Africa, the report showed significant increase in the last 14 years.

    It added: “It is evident from our analysis that India’s exports of pharmaceutical products to Africa has been significantly growing from $247.64 million in 2000 to  $3.5 billion in 2014.

    “At present, India’s  exports of formulation to Africa are almost five times higher that that of the bulk drugs.

    “From the statistics, India is exporting pharmaceutical products mainly to Eastern region of Africa (40 per cent), followed by Western (25 per cent ) and Southern (22 per cent) in 2014.”