Tag: worries

  • INEC worries over conflicting judgments, orders

    THE Independent National Electoral Commission (INEC) has expressed concern over the conflicting judgments and consequential orders emanating from courts, ahead of the forthcoming general polls.

    The inconsistency, INEC Chairman Prof. Mahmood Yakubu noted, is putting the commission in a difficult situation.

    In the last one week, there were two different court pronouncements on Zamfara State All Progressives Congress (APC) primaries – one coming from a High Court in Zamfara and an Abuja High Court issuing a different order concerning INEC decision excluding the APC from the state from the coming elections as a result of not conducting their primaries within deadline.

    Already, the commission has been sued into 396 pre-election cases pending court cases as a result of the fallout of the party primaries.

    Besides, the commission has so far received 302 requests for Certified True Copies (CTCs) of documents from primaries monitored, which serves as a prelude for more legal actions.

    Read also: DSS provided funds I gave Lawan, says Otedola

    This is aside the 52 petitions on protests from aggrieved party aspirants received by the commission – all have financial implications for INEC.

    INEC has fixed February 16 for the presidential and March 2 National Assembly polls been slated for the governorship, state assembly and council elections.

    Speaking yesterday at a workshop on election petition for justice and judges, Yakubu noted the inevitability of disputes in the course of democratic elections.

    He, therefore, explained that because democratic elections are adjudicated by the Judiciary, the commission has always been obeying court orders.

    He expressed the concern of the commission regarding conflicting orders from the court.

    Prof Yakubu said: “On our part, there are two major areas of concern. First is the issue of conflicting judgements arising from pre-election and post-election cases. As a firm believer in the rule of law, the commission always obeys court orders or, where it is considered necessary, appeals them in the interest of justice.

    “There have been over 1,200 cases involving the commission since the 2015 general elections and not in a single case has the commission disobeyed a court order. However, conflicting judgements, especially by courts of co-ordinate jurisdiction at the high court level, are putting the commission in a very difficult position and creating uncertainty in the process.

    ‘The court in one judicial division may order the commission on a particular course of action only to be contradicted by another court of coordinate jurisdiction from another division or even within the same division on the same subject matter. Conflicting court orders are negatively affecting the consistency, neutrality, and public perception, not only of the commission, but the judiciary as well. There is, therefore, the urgent need to address the issue of conflicting judgements in order to engender certainty in the electoral process.

    “Our second area of concern relates to the lack of consequential Orders by the courts after making findings on an issue and stating the position. In such cases, the Commission is compelled to take a position relying on previous decisions of the Court on the subject.”

  • Worries over insecurity back on front burner

    Providing security for Nigeria’s growing population of about one hundred and seventy million people has become a big issue in recent times and the outgoing year 2018 was no exemption. As a new year berths, an election year at that, concerns are being raised about the security challenges likely to confront the nation, writes Assistant Editor, Dare Odufowokan.

    AS we wind up 2018 and approach the brand new 2019, Nigerians across divides are worried about the security situation in the country and are hoping very strongly that the federal government will place the need to address their worries atop its wish list. Their anxieties are not unfounded, giving the many threats to national security in recent time.

    In the outgoing year, the tense security situation proved challenging for the government, forcing it to adopt various measures. In the end, much is still left to be done to improve the situation across the country. The headlines about insecurity that shaped the year 2018 in Nigeria include the Boko Haram crisis in the northeast, armed robbery, ethnic crises, cultism, cattle rustling, kidnapping and among many others.

    Sadly, most of these challenges are yet to be surmounted. To say the least, many of them have even escalated beyond what they were at the beginning of this current year.

    Meanwhile, 2019 is an election year and analysts say it is important for the government to make security a priority right from the first day of the New Year if the country’s challenges are not to be further complicated.

    Recently, the Minister of Defence, Mansur Dan-Ali, declared that the National Security Council was ready to curb every challenge during the forthcoming general elections. He said the council recommended the deployment of security agencies to the states, to enable the Independent National Electoral Commission (INEC) conduct the elections peacefully.

    He was hopeful that the deployment of security personnel would further douse the tension created by the outcome of the political parties’ primaries and “some desperate persons” to sabotage the electoral process.

    Similarly, federal legislators have approved expenditures for security agencies towards the success of the election. The Senate approved the security budget of N53.2 billion for the 2019 general elections. The approval of the budget followed a presentation of the report of the National Assembly Joint Committee on Appropriation at plenary. The lower chamber of the National Assembly, House of Representatives equally approved N831.3bn virement for INEC, security agencies.

    To benefit from this fund are INEC, ONSA, DSS, NSCDC, NIS and NPF based on the approved request by President Muhammadu Buhari for passage. Several other efforts geared towards putting adequate security measures in place ahead of the elections are either in the pipeline or being implemented as we speak.

    But with all these efforts, is it safe to say there should be no fear or concern with regards to preparation for the 2019 general elections?  Given the current state of insecurity across the country, it is difficult to answer that question in the affirmative.

    All through the outgoing year, the situation was so bad that analysts claimed the nation’s economy suffered immensely from the many effects of these security challenges especially as regards foreign investments.

    Billionaire businessman, Aliko Dangote, speaking earlier in the year, had said: “The security situation in the country is discouraging agribusiness investors. Most of the people that own large farms on the Kaduna-Abuja Road have abandoned their farms due to the menace of kidnapping.”

    His position underscores the seriousness of the problem as the very first day of the year marked the beginning of sorrow, tears and blood occasioned by insecurity. On that first day of January 2018, residents of six communities in two local government areas of Benue State began the year on a sad note when about 50 persons were cruelly murdered in cold blood by rampaging herdsmen.

    Casualties included women, children and some members of the Live Stock Guards who were assigned to enforce the anti-open grazing law. The affected communities are Gaambe-Tiev, Ayilamo and Turan all in Logo Local Government Area as well as Umenger, Tse-Akor and Tomatar near Tse-Abi in Nongov District of Guma Local Government Area.

    Few days later, at least three people were confirmed killed in a blast in the northeastern town of Madagali. Boko Haram terrorists were soon to claim responsibility for the dastardly act, in continuation of their reign of terror in the region. Then, the nation witnessed a return of the face-off between followers of Zaria, Kaduna State-based Shiite cleric, Ibrahim El-Zakzaky, who has been in detention for months now.

    Alongside widespread kidnapping, incessant armed robbery, worrisome ethnic clashes and frightening cult-related fracas and killings, the Boko Haram insurgency made headlines all through the year, giving strong indications that the nation’s security situation requires more stringent measures to put it on the track to peace.

    By the time 2018 entered its last month, the growing ambushment and killing of federal troops added to the growing concerns about safety across the country.

    Security threats

    Everywhere you look these days, it seems like a new problem is cropping up to impact the nation’s security. While many of the challenges have actually been with us for years now, the reality is, they have not been firmly dealt with and new ones, like election-related violence, renewed herdsmen killings and gang wars, are springing up day by day.

    The nation’s landscape is changing, as serious considerations about safety and security are now major priorities for businesses and travelers. In recent years, there has been the emergence of new developments that are fast changing our cities and roads; talk about Internally Displaced Persons’ (IDP) camps that now dot our landscapes and the heavy militarization of some of our major cities, especially in the northeast, and you will be right on track.

    The foregoing is a pointer to the fact that the security challenges of 2018, may remain the same for years to come, if left unattended to in 2019. The following are issues that whoever wins the February 16 presidential polls would contend with:

    Boko Haram

    Any conversation about security in Nigeria today must touch on the menacing activities of Boko Haram insurgents in the northeast. Though this terrorist organization has been unleashing havoc on the northeastern part of the country for years – coming into global limelight with the infamous abduction of over 200 schoolgirls from their dormitory in the sleepy town of Chibok in 2014 – the emergence of the Ansaru faction made its evil activities more pronounced in the year 2018.

    Analysts ascribe the increase in abductions, killings and deadly attacks by the insurgents to the nature of the leadership offered by the new splinter group by Abu Musab Al-Barnawi, son of the late founder of the group, Muhammad Yusuf.

    Initially he was thought to be less extreme than Abubakar Shekau in his approach to killings and other vices, but the young man in 2018 proved people wrong as his faction championed much of the slaughter and abductions by the sect.

    It has been argued that the resort to increased violence by factions of Boko Haram in spite of claims by the federal government that the insurgents have been ‘tactically defeated’, may not be unconnected with the intense rivalry among its leaders. A pointer to this is the hurried manner in which the Shekau faction joined in the kidnapping and ambushment game this year. Currently, it is as if a contest in viciousness is ongoing between the factions.

    The highlight of the activities of this group in 2018 remain the kidnap of the Dapchi schoolgirls and the continued detention of Leah Sharibu, the Christian girl who reportedly refused to renounce her faith as a condition for being freed alongside other abducted girls. The young schoolgirl, who turned 15 last May, was whisked away from her hostel along with 109 other girls. The others were later released a month later but Leah remains in captivity till date.

    In 2013, Boko Haram was designated a terrorist group by the US after it declared a caliphate in areas under its control and started kidnapping foreigners. But in spite of the designation, little was done in 2018 by the US and other world powers to help Nigeria combat this menace. Their realization of the need to do more to help Nigeria and other affected nations tackle this problem is one of the urgent steps that must be taken in 2019 if this terror is to be tamed.

    As talks on what government should do to end the menace in 2019 rages, one area observers are urging President Buhari to look into is the issue of the nation’s porous borders. Nigeria has borders that are poorly guarded. Insurgents from other countries can infiltrate easily, making it very difficult to curtail the reinforcement efforts of the insurgents when depleted by federal troops. This may partly explain why the insurgents are thriving in the Northeast.

    Herdsmen killings

    The killings in Benue State that heralded the New Year with sorrow, tears and blood remained in the headlines for much of 2018 as bloodletting by suspected herdsmen continued.

    To underscore the menace that killer herdsmen were in 2018, the International Crisis Group (ICG) in its half year report issued last July, said armed herders were six times deadlier than Boko haram insurgents.

    The report then recommended urgent steps that the Nigerian government must take to stem further attacks. “What were once spontaneous attacks have become premeditated scorched-earth campaigns in which marauders often take villages by surprise at night,” the non-profit think-tank said. “Now claiming about six times more civilian lives than the Boko Haram insurgency, the conflict poses a grave threat to the country’s stability and unity, and it could affect the 2019 general elections.”

    The report also found that the anti-open grazing statutes recently enacted by state governments in Benue and Taraba States also contributed to the escalation in latest attacks. “The Benue State government should freeze enforcement of its law banning open grazing, review that law’s provisions and encourage a phased transition to ranching,” the ICG said. It suggested that that Buhari’s approach to solving the crisis is acceptable but largely insufficient.

    Similarly, the International Society for Civil Liberties and the Rule of Law, Intersociety, claimed that 1,750 Christians and other non-Muslims fell to the weapons of rampaging killer herdsmen and Boko Haram insurgents in the first six months of 2018.

    “From our general evaluation too, no fewer than 2,360 innocent Nigerians were killed. 1,750 by herdsmen, 250 by Boko Haram and 360 by Zamfara bandits in the first six months of 2018 (Jan-June 2018),” it reported.

    “No fewer than 13,221 defenseless Nigerians also got killed by the trio as well as the security agencies in the past three years. “The total death toll in Plateau State following the 23rd and 24th June 2018 coordinated attacks and killings in eleven villages may most likely have hit 300, from its present 250, out of which 218 bodies have been recovered and buried in mass graves. Dozens of people are still missing after the head count was carried out,” the society claimed last July.

    The federal government says ranching is one way out of the crisis. It promised that will take off soon but it is yet to start as the year rolls to an end.

    In 2019, beyond ranching, security measures that will curtail the deadly activities of the herdsmen are expected from the country’s political leadership. Buhari will be expected to walk his recent talk on how he intends to checkmate killer herdsmen if the security situation of the country is to improve.

    Kidnapping

    With the arrest of wanted kidnapper, Chukwudi Dumeme Onuamadike a.k.a. Evans, and other members of his gang in Lagos, there were high hopes that the menace of kidnapping will be curtailed in 2018. Alas, such hopes were dashed as the menace became pronounced in the outgoing year. Beyond high profile abductions, criminals now kidnap for as low as a few thousands, making both the rich and the poor possible victims of kidnappers.

    When snatching people for ransom began in the creeks of the Niger Delta some years ago, nobody thought it would become the menace it is today. It was largely seen as a tactic in the agitation back then. But today, it is one of the most ‘lucrative businesses’ among the nation’s teeming bands of criminal-minded and jobless youths across the nooks and crannies of the country.

    From January, the nation witnessed several cases of kidnapping. The most bizarre was the abduction of a busload of passengers coming from Enugu to Lagos last September. The passengers were released after their relatives paid ransom to the kidnappers. The ‘God is Good Motors’ transport company vehicle they were traveling in was intercepted at Ore in Ondo State around noon. The passengers were taken to an unknown destination.

    To Musa Ahmed, the Secretary General, Association of Licensed Private Security Practitioners of Nigeria (ALPSPN), the poor state of the economy condition should be blamed for the rising wave of kidnaps.

    He said: “Some people are even tired of living. If you look at the crop of people involved in kidnapping today, most of them are not educated; even the educated ones among them don’t have jobs. So, they see crime as a way out.

    “The economic situation in the country is now strangulating. It is driving many people into doing a lot of things. It is now obvious that both the literate and the illiterate are finding life tough. So, some people are going into crimes, kidnapping in particular, because it is paying. Also, we have enormous security challenges plaguing the country. So, people are taking advantage of everything happening around them,” he said.

    Election violence

    In 2019 the government must be prepared to deal with possible violence that will be a fallout of electioneering campaigns. Already, the nation has witnessed flashes of what can befall it when politicians fully take to the hustings in the New Year. From Port-Harcourt to Ilorin, from Kano to Owerri; Kaduna to Oyo and Yola to Asaba, election violence has reared its ugly head.

    Just days back, the sleepy town of Ilorin was almost thrown into chaos when supporters of political parties disrupted an annual event that had the respected Emir of Ilorin, Alhaji Sulu Gambari, in attendance. Expectedly, the two leading parties are now exchanging words over who is to blame.

    Recently, the United States Government expressed fear that the 2019 elections in Nigeria are likely to be characterised by violence. It said the conduct of the elections could have significant consequences for the democratic trajectory of the country, West Africa, and entire continent. It, however, said the public disturbance that the elections would cause might not be “large-scale nationwide conflict” but “localised violence.”

    The US Assistant Secretary of State for the Bureau of African Affairs, Tibor Nagy, disclosed this in his presentation during the US Congressional hearing on Nigeria’s forthcoming elections in Washington DC. Senate President, Bukola Saraki; Vice Chairman, Senate Committee on Media and Public Affairs, Ben Murray-Bruce; and the Chairman, House of Representatives Committee on Foreign Affairs, Nnena Ukeje, were present at the hearing titled, “Nigeria at a Crossroads: The Upcoming Elections.”

    Bishop Matthew Kukah of the Sokoto Catholic Diocese who is the Secretary of the General Abdulsalami Abubakar-led National Peace Committee, has also expressed worries over the next elections, urging the government to ensure that peace reigns before, during and after the polls across the country. He called on politicians and political parties to always think of the larger interest as they mount the podium to campaign.

    No doubt, as the election approaches, apprehension will increase. One good news is that the Inspector-General of Police (IGP), Ibrahim Idris, has warned Commissioners of Police in the 36 states and the FCT and other senior officers against partisanship during the upcoming 2019 general elections. He also directed them to arrest and prosecute any party member or supporters in possession of firearms or dangerous weapons during campaigns and rallies.

    The IG said that the Force would not condone hate speeches, indecent and criminal conducts from any individual or groups.

    If the police and other security agencies all back their words with action, the country may witness a peaceful election. But if they don’t, their partisanship and meddling may lead to a chaotic election that could further deepen the security challenges of Nigeria in the New Year..

  • Terror in Europe: Worries and fears

    SIR: For over five years I have been living in Europe, and I have never at any time been as worried as I am right now for humankind. I have never had any reason to be more apprehensive or more disturbed about the future than I am today, at this very moment. This is because the trend of events seems to be whittling away hope for a better and brighter future for humanity. The recent spate of attacks, killings and bloodshed in Zurich, Ankara and Berlin in recent days worries me immeasurably.

    These attacks disturb me because they portend a dismal future for humanity. These assaults play into the hands of right-wing politicians and other racist and xenophobic ideologues in Europe and the western world. The killings provide justifications for their anti-immigration stance.

    These attacks breed and legitimise fear, suspicion and mistrust between people who regard these cities and countries as their home and foreigners and immigrants who live and reside there. These killings make one fear for one’s safety since nobody knows where the next attack would take place. Will it happen on the plane or the train, in a bus or in a park, at the airport or at the train station, at the market or at the stadium, in a restaurant or in a nightclub, in a church or in a mosque?

    Nobody knows who the next attacker is – is it that driver or that pilot? Is it that police officer standing beside me or that passer-by? Is it the co-passenger or co-traveller in a bus? Is it the person sitting beside me in train or in an aeroplane? Nobody knows who the next victim would be. It could be me. It could be you. We all are potential victims. I am worried because there is so much fear and uncertainty in the land. Nobody is safe. Nowhere is safe.

    I am afraid the situation is likely to get worse especially for immigrants and foreigners because these countries and their citizens are going to take urgent measures to defend and protect themselves, and to forestall future attacks. I am worried that these measures would be used to justify racism and xenophobia because people will be made to go through some processes merely because of how they look or where they come from, and yes because of the religion they profess.

    Religion is especially a critical issue in this case. These attacks will lead to a profiling of Muslims and Arabs who are living in Europe. I am worried because many innocent people are going to suffer because of this. Each spate of attacks or killings affirms a strong link with jihadists, Islamists or aggrieved persons from Middle East and North Africa. Some of the militants did not disguise their intention to conquer Europe and impose sharia law.

    I worry; yes I worry for the future of humanity and the prospects of peace in the world.

     

    • Leo Igwe,

    Bayreuth Germany.

  • LMC 60 days ultimatum worries Dolphins’ Austin Festus

    LMC 60 days ultimatum worries Dolphins’ Austin Festus

    • Thanks Rivers Govt for release of funds
    • Odinga praises Governor Wike too

    Dolphins’ captain, Austin Festus has expressed his worry at the 60-day ultimatum given to the club to pay up all the entitlements owed the Pride of Rivers’ players. He has appealed to the Rivers’ Governor, Nyesom Wike to speed up action on the threat from the League Management Company(LMC).

    Dolphins players are still owed salaries for the last season but the Rivers State Government has managed to offset some of the debt arrears owed by immediate past administration of Rotimi Chibuike Amaechi.

    Festus in a chat with SportingLife thumbed up the state governor, Wike for offsetting some part of the debts and keeping to his words that they would be paid some money this week. The former U-23 invitee told SportingLife that something fast should be done so that the club does not incur the wrath of the LMC.

    “We thank the state government for coming to the aid of the three clubs, it shows that he is a man of his word but I will like the state government to address the situation of our salaries so that we do not get sanctioned. The 60 day threat is real and we must do something to avert the ban. presently, we are still struggling and if six points are deducted from the ones we have it will have adverse effect on our league position.

    “We believe in the new government and we are sure that things will be put in the right perspective to avert a ban or sanction,” Festus told SportingLife.

    Festus, however, assured the state government that Dolphins are still in the hunt for the Federation Cup title which they narrowly lost to Enyimba in last year’s final.

    Meanwhile, the skipper of Sharks, Odinga Odinga has also praised the state governor, Nyesom Wike for his magnanimity at releasing some part of the debts owed the players of the three teams in the state. He also implored the State Government to take the threat of sanction from the LMC very serious.

    Dolphins and Sharks are 17th and 20th on the log with 12 and 10 points in that order after 13 matches. The Pride of Rivers will take on Kano Pillars on Sunday while Sharks will be at home to Heartland on the same day in Glo Premier League Week 13 ties.

  • Worries over Nigeria’s diminishing oil wealth

    Worries over Nigeria’s diminishing oil wealth

    The fate of Nigeria’s oil wealth may be hanging on the precipice as the country’s refining capacity keeps shrinking abysmally compared to other countries within sub-Sahara Africa, a development, experts have argued, could spell dire consequences for Nigeria’s socio-economic development in the short and longer term, reports Ibrahim Apekhade Yusuf

    Several decades ago some petroleum experts had in their forecast of Nigeria’s rich oil wealth observed that it was only a matter of time that the country would suffer a misfortune of sorts as her enormous oil wealth dries off. But rather than take the necessary heed, the government and its spin-doctors saw the whole thing as a ruse at the time. However, unfolding events in the past few years may have proved the bookmakers right after all.

    If there was any iota of doubt as to whether the fears over the nation’s oil-wealth were real or imagined, the World Oil and Gas Review 2014 report released recently literally exacerbated that fear.

    According to the report, despite its status as Africa’s top crude oil producer and exporter, Nigeria continues to trail behind other African countries such as Algeria, Egypt, Libya and South Africa in terms of refining capacity.

    The report showed Egypt as having the highest primary refining capacity in 2013 among the five countries, followed by Algeria and South Africa.

    Specifically, the report indicated that the primary capacity in Egypt was put at 840,000 barrels per day, in Algeria 607,000 bpd, South Africa 520,000 bpd and Libya 380,000 bpd.

    While in Nigeria, primary capacity was 342,000 bpd as at last year, as against 345,000 in 2005, according to the report.

    It is also instructive to note that Nigeria is arguably the biggest importer of refined petroleum products on the continent, creating a lucrative market for refineries particularly in Europe and the United States.

    The country, which is home to over 170 million people, imports more than 80 per cent of its refined petroleum products for the servicing of its economy.

    A serious cause for worry

    Naturally, for some discerning members of the public, the report by the world body is not cheery news after all.

    Piqued by the development, Rt. Hon. Imo Itsueli, CEO, Dubril Oil, had last week at a public presentation of an industry book called for a paradigm shift in the sector.

    “We need a paradigm shift in the oil and gas industry. As the United States stops buying our crude oil and set to become an exporter of crude oil, I think it is a call to action. We need to start to look at value addition in terms of refining, petrochemicals and others,” he said.

    “Singapore has no crude oil, but they have many refineries. Why can’t we be a refining hub for the rest of Africa? Why can’t we export petroleum products to Europe instead of crude oil? We are still talking about crude oil, not value addition out of crude oil that is our challenge,” he lamented.

    Data from the latest monthly report of the Nigerian National Petroleum Corporation showed that the country’s four refineries operated at an average of 10.46 per cent of their combined nameplate capacity of 445,000 barrels per day in June.

    According to the data, 244,000 metric tons of dry crude oil, condensate and slop was received by the three refineries, Kaduna Refining and Petrochemical Company, Port Harcourt Refining Company and Warri Refining and Petrochemical Company.

    “With an opening stock of 428,000 mt, total crude oil available for processing was 672,000 mt, out of which 221,000 mt was processed. The respective average capacity utilisation during the month was 0.00 per cent, 17.96 per cent and 13.44 per cent for KRPC, PHRC and WRPC respectively,” the NNPC said.

    Kaduna refinery in the month had total available crude oil of 169,301 mt, but nothing was processed. Out of 289,852 mt, the Port Harcourt refinery processed 152,889 mt, while Warri processed 68,098 mt out of 213,352 mt.

    The country’s refineries have long been operating well below installed capacity as they are in different states of disrepair. They operated at an average of 31.1 per cent capacity in 2012, according to data from the Central Bank of Nigeria.

    In a related development, the Airline Operators of Nigeria (AON) has appealed to the federal government to resuscitate the Aviation Turbine Fuel (ATF) at Warri refinery and the pipeline-hydrant system of supplying aviation fuel to the Murtala Muhammed Airport (MMA), Lagos.

    The AON Chairman, Capt. Nogie Meggison, made the appeal  while speaking at MMA, Lagos at the weekend on the increasing price of aviation fuel also known as Jet A-1,which is sold between N160 to N170 per litre by oil marketers.

    The AON boss, who lamented that most airline operators in the country are spending approximately 40 per cent of their operation cost on aviation fuel, added that sometimes some airlines spend beyond 40 per cent on Jet A-1.

    He called on the Federal Government to intervene on the issue by ensuring that it revives the Warri refinery, Atlas Cove and Mosemi pipelines -hydrant system for supplying aviation fuel, pointing out that the pipeline that supplied aviation fuel to the airport before it was shut down by the late General Sani Abacha led military regime in January 1996 were fully functional.

    Warri refinery, he posited has the capacity to produce ATF, calling on the government to look into the issue, as this would further help to reduce the cost.

    The global community is also mindful of what the future portends for Nigeria if her rich-oil reserves is to dry off, which is why it has continued to drum it in the leaders’ ears to strike while the iron is still hot.

    The World Bank Group and the International Monetary Fund (IMF) had urged Nigeria to take proactive steps in readiness to match the expected drop in revenue, arising from the continuous drop in the prices of crude oil.

    The Minister of Finance and the Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala, who made this known penultimate Sunday in Washington DC, saying the drop in oil prices is of great interest to Nigeria, since the economy is largely driven by revenue from oil.

    Mrs Okonjo-Iweala, who addressed the Nigerian press at the World Bank Group headquarters, said the development will naturally arouse interest and lead to questions being asked as to how Nigeria would manage if oil prices continue to decline.

    She said as a consequence of these developments, the IMF and the World Bank Group are asking that countries, especially like Nigeria, the emerging markets and lower income countries, should be ready with contingency plans to be able to continue to manage their economies, “should the mediocre growth continue and oil prices continue on the decline trajectory.

    She said the World Bank Group President, Dr. Jim Yong Kin and his IMF counterpart, Christine Largard, have urged that “we should have the right mix of policies, including building up our buffers to be able to sustain the economy.”

    She said the Nigerian team to the conference, including the Central Bank Governor, Godwin Emefiele, Director of Budget, Dr. Bright Okogu, the Central Bank Deputy Governor, Economic Policy, Dr. Sarah Alade, and others have been strategising and articulating the options open to Nigeria, in conjunction with the global financial institutions so as to be able to come up with strategies on how to manage the economy.

    “They said we should be ready with contingency plans and that we need to continue with our structural reforms, as well as build up buffers and be ready with a contingency plan,” Okonjo-Iweala, stated.

    A private initiate to the rescue                                                                                                                                      It does appears that the strident calls for private initiative to support the nation’s refinery capacity is being explored by Dangote Industries Limited, which is building a $9 billion refinery/petrochemical/fertiliser complex in Lagos.

    The refinery, which is expected to be completed by 2016, will initially have a capacity of 400,000 bpd, doubling the country’s refining capacity as well as cut imports of refined petroleum.

    “Subsidies have also contributed to low capacity utilisation at refineries. In Nigeria, for example, current subsidy schemes lead producers to sell crude overseas rather than to local refineries and therefore add to increasing volumes of refined product imports, which present a large cost to the economy,” said KPMG in its 2014 Africa Oil and Gas Report, while noting that problems in the refining industry on the continent include corruption, poor maintenance, theft, and other operational problems.

    Last month, oil workers in the NNPC embarked on an industrial action with their demands including taking immediate steps to carry out turnaround maintenance on the refineries and restoration of crude supply to the refineries.

    Echoing similar sentiments, Dr. Peter Ozo-Eson, the General Secretary of the Nigeria Labour Congress, in a report entitled ‘Pricing of Petroleum Products in Nigeria’, empahsised that: “Our domestic refineries must be made to work. Appropriate incentives need to be worked out to attract new investment in refining. While domestic refining by itself is not sufficient to guarantee product price stability, there are clear gains to be derived from domestic refining as opposed to imports.”

    Hope in the horizon

    Worrisome as the situation seems, there is hope at the end of the tunnel.

    This optimism is shared by no other agency than the International Energy Agency (IEA). According to the IEA Executive Director Maria van der Hoeven, “A better functioning energy sector is vital to ensuring that the citizens of sub-Saharan Africa can fulfil their aspirations.”

    “The energy sector is acting as a brake on development, but this can be overcome and the benefits of success are huge.”

    In the IEA’s first comprehensive analysis of sub-Saharan Africa, it finds that the region’s energy resources are more than sufficient to meet the needs of its population, but that they are largely under-developed.

    The region accounted for almost 30% of global oil and gas discoveries made over the last five years, and it is already home to several major energy producers, including Nigeria, South Africa and Angola. It is also endowed with huge renewable energy resources, including excellent and widespread solar and hydro potential, as well as wind and geothermal.

    The report finds that investment in sub-Saharan energy supply has been growing, but that two-thirds of the total since 2000 has been aimed at developing resources for export. Grid-based power generation capacity continues to fall very far short of what is needed, and half of it is located in just one country (South Africa). Insufficient and unreliable supply has resulted in large-scale ownership of costly backup generators.

    In the report’s central scenario, the sub-Saharan economy quadruples in size by 2040, the population nearly doubles (to over 1.75 billion) and energy demand grows by around 80per cent. Power generation capacity also quadruples: renewables grow strongly to account for nearly 45 per cent of total sub-Saharan capacity, varying in scale from large hydropower dams to smaller mini- and off-grid solutions, while there is a greater use of natural gas in gas-producing countries.

    Natural gas production reaches 230 billion cubic metres (bcm) in 2040, led by Nigeria (which continues to be the largest producer), and increasing output from Mozambique, Tanzania and Angola. LNG exports onto the global market triple to around 95 bcm. Oil production exceeds 6 million barrels per day (mb/d) in 2020 before falling back to 5.3 mb/d in 2040. Nigeria and Angola continue to be the largest oil producers by far, but with a host of other producers supplying smaller volumes. Sub-Saharan demand for oil products doubles to 4 mb/d in 2040, squeezing the region’s net contribution to the global oil balance. Coal supply grows by 50 per cent, and continues to be focused on South Africa, but it is joined increasingly by Mozambique and others.

    The capacity and efficiency of the sub-Saharan energy system increases, but so do the demands placed upon it, and many of the existing energy challenges are only partly overcome.

    In 2040, energy consumption per capita remains very low, and the widespread use of fuelwood and charcoal persists. The outlook for providing access to electricity is bittersweet: nearly one billion people gain access to electricity by 2040 but, because of rapid population growth, more than half a billion people remain without it. Sub-Saharan Africa also stands on the front line when it comes to the impacts of climate change, even though it continues to make only a small contribution to global energy-related carbon dioxide emissions.

    “Economic and social development in sub-Saharan Africa hinges critically on fixing the energy sector,” said IEA Chief Economist Fatih Birol. “The payoff can be huge; with each additional dollar invested in the power sector boosting the overall economy by $15.”

  • Low grade cement worries lawmakers

    Low grade cement worries lawmakers

    Lawmakers conducting a Public Hearing on the composition and pigmentation of cement have expressed their worry over the continuing production of low-grade and substandard cement in the country.

    The House of Representatives Ad hoc Committee on the composition and pigmentation of cement in the country led by its chairman Hon Yakubu Dogara opened a Public Hearing yesterday aimed at addressing the phenomenon of collapse building in the country.

    Speaking, the Committee chairman reasoned why Nigeria should continue to produce low-grade 32.5 cement while the rest of the world including India and China are producing 42.5 grade.

    In his opening remarks, Hon Dogara said:” There is no gainsaying the fact that the serial incidence of building collapse in the country has become a source of anxiety.”

    He said: “ Some have blamed substandard material including cement, while others have blamed it(collapse building) on lack of regulatory framework.”

    Contributing, President of the Cement Manufacturers Association of Nigerian, Engr Joseph Makoju, said the 42.5 grade is superior cement over 32.5 and that Nigeria used to produce and import 42.5 before the coming of 32.5 grade.

    Contributing, Hon Ayi Essien, a member of the ad hoc committee said Nigerians are worried about the quality of cement as well as the professional administration of the cement in construction work.

    Speaker of the House of Representatives Hon Aminu Waziri Tambuwal had said while declaring the Hearing open that Nigeria would not relent in its effort to unraveling the causes of collapse building in the country.

    It would be recalled that the Dangote Cement Plc had announced that it has upgraded its cement to 42.5R, making it the only cement manufacturer in the country that produces that higher grade in line with the specification and requirement of Standard Organisation of Nigeria (SON).

  • Growing crime worries NCC

    Growing crime worries NCC

    Regulator of the telecoms sector, the Nigerian Communications Commission (NCC) has expressed worries over the increasing spate of sophistication in criminal activities in the country, lamenting that as technology changes, criminals also explore ways to beat the changing technologies.

    Its Executive Vice Chairman/Chief Executive Officer, Dr Euegen Juwah, who spoke on the sideline at the opening of this year’s edition of Securex Exhibition held at Eko Hotel & Suites, Victoria Island, said while those in pursuit of high technology solutions are not relenting in efforts to break new grounds, criminals are also becoming more ingenuous in their attempt to run away from the long arm of the law.

    Represented at the event by Director, Public Affairs of the NCC, Tony Ojobo, Juwah said this development has made it near-impossible to wipe out criminalities from the earth surface, adding that even in developed countries, criminals continue to perpetrate their evil acts.

  • Bees away record worries Alhassan

    Bees away record worries Alhassan

    Ranchers Bees head coach, Julius Alhassan has expressed discomfort over his side’s inability to pick a point on the road in the six-week old Nigeria National League (NNL).

    The Kaduna-based side have made their ground, Kaduna Township Stadium a fortress maintaining 100% record but have failed woefully to replicate the feat on the road.

    Bees will be the guests of Niger Tornadoes in the NNL Division A match day 7 tie on Saturday at the Bako Kontagora Stadium, Minna and the former Kaduna United gaffer said the duel offers him a rare opportunity to end the away point jinx.

    “The situation is giving me great concern after Week 6 games we’re yet to pick at least a point. I know inexperience of the players is contributory to the problem, we play quality football on away but has no point to show for it.

    “We score goals as well as concede goals showing that the defence is too porous.

    “We’ve done lots of work in that area aimed at correcting the mistakes but against Niger Tornadoes we’ve resolved to make amends and win our first game on the road right there in Minna. It’ll be a tough challenge but we’re determined to pick at least a point, we can’t lose to Tornadoes,” said Alhassan to supersport.com.

    Alhassan disclosed that the side have pencilled down five new players to recruit during the Week Seven window transfer which starts from March 24 to April 4.

    “We’ve pencilled down five experienced players to bring into our fold immediately the Week Seven window transfer commences. We’re keeping their identities close to our chest to allow for proper clearance from their sides.

    “I’m sure the fortune of the side will improve tremendously once we’re able to patch up the loose ends in the team.

    “We’ve three straight away matches at Wikki Tourists, Adamawa United and Plateau United. We have to fortify the team to be able to withstand the challenges,” said the former Grays International Schools coach.

    Bees have garnered nine points from a possible 18 in the six-week old Nigeria National League (NNL).

  • Kaduna Utd’s PFL position worries Ambrose

    Kaduna Utd’s PFL position worries Ambrose

    Kaduna United central defender, Emmanuel Ambrose has frowned at his side’s 18th position in the five-week old Nigeria Professional Football League (NPFL).

    Ambrose said the position is unacceptable for a side poised to challenge for the league title.

    “None of us is happy with our position on the log at the moment. It doesn’t speak well of us nor position us well as a side determined to challenge for the title or pick a slot to the continent. We’ve vowed to give our best in all the matches to ensure we move up the ladder.

    “In fact, our target in the next three or four matches is to move up to the 10th position and take it further up from there,” said the captain of his side to supersport.com.

    The Kaduna-based side hosted Enyimba in the NPFL’s Matchday 6 on Thursday at the Kaduna Township Stadium and Ambrose said his team are ready to put in concerted efforts to shore up their fortunes and will start with the clash against the People’s Elephant.

    “Of course, Enyimba won’t escape defeat, we’ll make them pay for the defeats at Nasarawa United and Enugu Rangers. We need the points badly to improve on our position on the log. Enyimba shared points with Warri Wolves on Matchday 5 in Aba and will come all out to fight for points but we’ll surely turn them back empty-handed,” he said.

  • No injury worries for me, says Emenike

    No injury worries for me, says Emenike

    Despite the injury scare to Super Eagles striker and leading scorer in the on-going Africa Cup of Nations, Emmanuel Emenike, the Spartak Moscow of Russia bulky striker has told soccer loving Nigerians that he would be ready for the final battle against Burkina Faso in the final match against Mali slated for the National Stadium, Johannesburg, South Africa on Sunday.

    “The injury is not a major one and I don’t want Nigerians to panic or worry about it. It was just a minor brush and I will be ready for the Mali match. Nothing can stop me from playing with God’s backing”, he told SportingLife in Durban.

    He also reiterates his ambition to help the Eagles to win the 2013 AFCON as well as emerge the Highest Goal Scorer of the tournament. Firstly I thank God for helping the team to this stage and I am happy for the four goals I scored already. But like I said I want help Nigeria win this (AFCON) Trophy and I want to win the Highest Goals scorer award at the end of the tournament. This is my ambition. I have been working hard with the team to this stage and I am ready to do more to achieve my ambition”, Emenike declared.

    He was also elated for playing in his first ever Nations Cup that he even went straight to the final. “I have played in the club competition against a top side like Barcelona and we excel. I am now going to play in my first ever Nations Cup final, there is nothing to compare with the joy in me now. I have prayed to God I want it to be memorable,” he prayed.

    He, however, warned his teammates not to treat Burkina Faso with kid-gloves. “We had a very good game in the semi-final match against Mali. I really enjoyed myself in the match. The match against Burkina Faso will be tougher than Mali and we need to work very hard to be able to beat Burkina Faso. We were lucky to convert most of the scoring chances that came our way in the match against Mali and I pray that this should happen in the final match. But I am confident that we will win the Cup by the grace of God,” he prayed.