Wednesday, 22 October 2014

Oil Price Reduction: Nigeria is not broke – Okonjo-Iweala

Minister of Finance, Dr Ngozi Okonjo–Iweala
The Minister of Finance, Dr Ngozi Okonjo–Iweala, has assured Nigerians that the economy is growing positively in spite of the reduction of oil price in the international market. Okonjo-Iweala, who stated this on Tuesday at the 2014 Ministerial Platform in Abuja, said the nation was not broke as being speculated in the media.

She said “if you look back two years ago, that title `is Nigeria broke‘ was written in a newspaper article, it is like people are trying to force Nigeria into brokerage. “I think since two years, we have managed to keep things going, let me explain these; Nigeria is a country that depends on a stream of income.

“That income is being able to collect taxes from companies, individuals and our income is also based on selling a product and that product you take to market and you take whatever price a buyer is willing to pay.’’

According to her, government was doing everything within its power to ensure economic stability in the country. She said that presently, government had been budgeting below the existing oil price to help build buffers in case of uncertainty.
“We are operating an economy that depends on a product that fluctuates with oil price and we don’t have the right to control the price.

“Just like you have in your own household, when the quantity diminishes or the price drops, you remember in 2007 to 2008, the price of oil dropped from 140 dollars to 38 dollars.

“At that time, nobody asked if the country was broke because we had saved up to 22 billion dollars in the Excess Crude Account and we were able to continue spending and to stablise the economy.’’
The minister said that presently, Nigeria was faced with fluctuations in quantity and price of oil, adding that it had affected the amount paid into government coffers.
“Does that mean that the country is broke? We still have resources that we depend on; we still have the ability to tax.

“Sometimes, things need to be a little tighter, easier and we just have to weather it and manage ourselves but that does not amount to the country being broke.’’
The finance minister said if government was not able to pay salaries to people and continue to manage, “then we can say that the country is broke but we have not gotten there yet.’’


She urged Nigerians to bear with the nature of the economy, adding that it was the reason every effort was challenged to ensure the economy was diversified. Commenting on the management of the fiscal deficit, she said that the Ministry of Finance would continue to ensure that it was kept as narrow as possible.

She said that in 2013, the debt to Gross Domestic Product (GDP) ration was 1.4 per cent and 1.03 per cent in 2014 and projected to be one per cent in 2015 budget.  She added that borrowing had been on the decline and external debt stood at N1.46 trillion or 14 per cent of the total debt.

“The ministry had adopted prudence to debt management and Nigeria’s debt to GDP remained one of the lowest in the world”, NAN further reported her as saying.

Source: Dailypost

Oil Price Reduction: Nigeria is not broke – Okonjo-Iweala

Minister of Finance, Dr Ngozi Okonjo–Iweala
The Minister of Finance, Dr Ngozi Okonjo–Iweala, has assured Nigerians that the economy is growing positively in spite of the reduction of oil price in the international market. Okonjo-Iweala, who stated this on Tuesday at the 2014 Ministerial Platform in Abuja, said the nation was not broke as being speculated in the media.

She said “if you look back two years ago, that title `is Nigeria broke‘ was written in a newspaper article, it is like people are trying to force Nigeria into brokerage. “I think since two years, we have managed to keep things going, let me explain these; Nigeria is a country that depends on a stream of income.

“That income is being able to collect taxes from companies, individuals and our income is also based on selling a product and that product you take to market and you take whatever price a buyer is willing to pay.’’

According to her, government was doing everything within its power to ensure economic stability in the country. She said that presently, government had been budgeting below the existing oil price to help build buffers in case of uncertainty.
“We are operating an economy that depends on a product that fluctuates with oil price and we don’t have the right to control the price.

“Just like you have in your own household, when the quantity diminishes or the price drops, you remember in 2007 to 2008, the price of oil dropped from 140 dollars to 38 dollars.

“At that time, nobody asked if the country was broke because we had saved up to 22 billion dollars in the Excess Crude Account and we were able to continue spending and to stablise the economy.’’
The minister said that presently, Nigeria was faced with fluctuations in quantity and price of oil, adding that it had affected the amount paid into government coffers.
“Does that mean that the country is broke? We still have resources that we depend on; we still have the ability to tax.

“Sometimes, things need to be a little tighter, easier and we just have to weather it and manage ourselves but that does not amount to the country being broke.’’
The finance minister said if government was not able to pay salaries to people and continue to manage, “then we can say that the country is broke but we have not gotten there yet.’’


Monday, 20 October 2014

EBOLA: Liberia's President Writes the World over Catastrophic Effect of Disease

In a heart rendering Letter, the President of Liberia, Ellen Johnson Sirleaf articulated how Ebola has brought the country to a stand still. 
Here is the letter:
Dear World,In just over six months, Ebola has managed to bring my country to a standstill. We have lost over 2,000 Liberians. Some are children struck down in the prime of their youth. Some were fathers, mothers, brothers or best friends. Many were brave health workers that risked their lives to save others, or simply offer victims comfort in their final moments…
There is no coincidence Ebola has taken hold in three fragile states – Liberia, Sierra Leone and Guinea – all battling to overcome the effects of interconnected wars. In Liberia, our civil war ended only eleven years ago. It destroyed our public infrastructure, crushed our economy and led to an exodus of educated professionals. A country that had some 3,000 qualified doctors at the start of the war was dependent by its end on barely three dozen. In the last few years, Liberia was bouncing back. We realized there was a long way to go, but the future was looking bright.Now Ebola threatens to erase that hard work. Our economy was set to be larger and stronger this year, offering more jobs to Liberians and raising living standards. Ebola is not just a health crisis – across West Africa, a generation of young people risk being lost to an economic catastrophe as harvests are missed, markets are shut and borders are closed.The virus has been able to spread so rapidly because of the insufficient strength of the emergency, medical and military services that remain under-resourced and without the preparedness to confront such a challenge.

This would have been the case whether the confrontation was with Ebola, another infectious disease, or a natural disaster.But one thing is clear. This is a fight in which the whole world has a stake. This disease respects no borders. The damage it is causing in West Africa, whether in public health, the economy or within communities – is already reverberating throughout the region and across the world.The international reaction to this crisis was initially inconsistent and lacking in clear direction or urgency. Now finally, the world has woken up.
The community of nations has realized they cannot simply pull up the drawbridge and wish this situation away.This fight requires a commitment from every nation that has the capacity to help – whether that is with emergency funds, medical supplies or clinical expertise.I have every faith in our resilience as Liberians, and our capacity as global citizens, to face down this disease, beat it and rebuild. History has shown that when a people are at their darkest hour, humanity has an enviable ability to act with bravery, compassion and selflessness for the benefit of those most in need.From governments to international organisations, financial institutions to NGOs, politicians to ordinary people on the street in any corner of the world, we all have a stake in the battle against Ebola. It is the duty of all of us, as global citizens, to send a message that we will not leave millions of West Africans to fend for themselves against an enemy that they do not know, and against whom they have little defence.The time for talking or theorizing is over. Only concerted action will save my country, and our neighbours, from experiencing another national tragedy. The words of Henrik Ibsen have never been truer: “A thousand words leave not the same deep impression as does a single deed.
Yours sincerely,Ellen Johnson Sirleaf

EBOLA: Liberia's President Writes the World over Catastrophic Effect of Disease

In a heart rendering Letter, the President of Liberia, Ellen Johnson Sirleaf articulated how Ebola has brought the country to a stand still. 
Here is the letter:
Dear World,In just over six months, Ebola has managed to bring my country to a standstill. We have lost over 2,000 Liberians. Some are children struck down in the prime of their youth. Some were fathers, mothers, brothers or best friends. Many were brave health workers that risked their lives to save others, or simply offer victims comfort in their final moments…
There is no coincidence Ebola has taken hold in three fragile states – Liberia, Sierra Leone and Guinea – all battling to overcome the effects of interconnected wars. In Liberia, our civil war ended only eleven years ago. It destroyed our public infrastructure, crushed our economy and led to an exodus of educated professionals. A country that had some 3,000 qualified doctors at the start of the war was dependent by its end on barely three dozen. In the last few years, Liberia was bouncing back. We realized there was a long way to go, but the future was looking bright.Now Ebola threatens to erase that hard work. Our economy was set to be larger and stronger this year, offering more jobs to Liberians and raising living standards. Ebola is not just a health crisis – across West Africa, a generation of young people risk being lost to an economic catastrophe as harvests are missed, markets are shut and borders are closed.The virus has been able to spread so rapidly because of the insufficient strength of the emergency, medical and military services that remain under-resourced and without the preparedness to confront such a challenge.

Why we need a foreign coach – NFF President

NFF President, Amaju Pinnick
The Nigeria Football Federation (NFF) President, Amaju Pinnick has explained why his Board  prefers a foreign coach to replace the last indigenous coach, Stephen Keshi who was relieved of his assignment last week by the federation.

Pinnick while speaking on a radio programme in Abuja said the steady downward slide of football in the country has necessitated the decision which he insisted was to rescue the beautiful game from total collapse.
The president who also spared a thought for the domestic league and its poor state explained that the coach when engaged would work with some experienced Nigerian coaches with the intention to to expose them to some new techniques of the dynamic game.

According to Pinnick, the foreign coach that would be employed must be a sound person who must in addition to his primary responsibility of coaching the national team would equally monitor the Nigerian league and select gifted players.
The NFF boss who said he shared in the sentiments of those who were calling for the hiring of a local coach however stressed that this might be the last foreign coach to work in Nigeria because ‘’by the time he is through with his assignment a lot of Nigerian coaches would have learnt a lot from him and ready to succeed him.

“We are not going for low quality coach this time around. We are shopping for a sound coach who will present before us a comprehensive programme of how he intends to turn around the Super Eagles as well as the Nigerian league. Our choice of a foreign coach would be one who will be ready to look into the league, travel to Warri to watch Warri Wolves, to Lafia to watch Nasarawa United etc.

“Any experienced foreign coach will certainly value his name more than the money he is to earn. He will invite and pick the best of players and that is what we are going to give Nigerians with the coming of a new foreign coach in our mind”.

Pinnick also spoke on the existence of a rival board led by Chris Giwa and efforts he has made to restore peace in the nation’s football. He said that he has spoken to Giwa, Chief Rumson Baribote and other aggrieved stakeholders pleading with them to sheath their sword in the interest of Nigerian football.
“I won an election that was recognized by both FIFA and CAF.  I beg Nigerians to beg Giwa for me. I have made overtures to Giwa, Baribote etc. Let them know that this position is meant for only one person and I am the one today. I have begged them to team up with the board for the interest of Nigerian football.” Pinnick concluded.

Source: Vanguard

Why we need a foreign coach – NFF President

NFF President, Amaju Pinnick
The Nigeria Football Federation (NFF) President, Amaju Pinnick has explained why his Board  prefers a foreign coach to replace the last indigenous coach, Stephen Keshi who was relieved of his assignment last week by the federation.

Pinnick while speaking on a radio programme in Abuja said the steady downward slide of football in the country has necessitated the decision which he insisted was to rescue the beautiful game from total collapse.
The president who also spared a thought for the domestic league and its poor state explained that the coach when engaged would work with some experienced Nigerian coaches with the intention to to expose them to some new techniques of the dynamic game.

According to Pinnick, the foreign coach that would be employed must be a sound person who must in addition to his primary responsibility of coaching the national team would equally monitor the Nigerian league and select gifted players.
The NFF boss who said he shared in the sentiments of those who were calling for the hiring of a local coach however stressed that this might be the last foreign coach to work in Nigeria because ‘’by the time he is through with his assignment a lot of Nigerian coaches would have learnt a lot from him and ready to succeed him.

“We are not going for low quality coach this time around. We are shopping for a sound coach who will present before us a comprehensive programme of how he intends to turn around the Super Eagles as well as the Nigerian league. Our choice of a foreign coach would be one who will be ready to look into the league, travel to Warri to watch Warri Wolves, to Lafia to watch Nasarawa United etc.

Dele Momodu: Buhari vs Jonathan – In search of mathematicians

Fellow Nigerians, time changes everything indeed. In 2011, I would have said worse things about General Muhammadu Buhari. In truth, I actually wrote Buhari off completely, not without cogent reasons that I considered valid and relevant at that time. The first was that Buhari was too old to lead us. I was biased by the Obama Presidency and the emergence of David Cameron in Britain. I felt Buhari as a former dictator should be totally expunged from the race. I was also brainwashed by the relentless propaganda that he was a religious fundamentalist of the worst kind. If I was good in Fine Arts, I would have painted him in the lurid and monstrous image of Lucifer. That was how bad it was.

Trust me, I’m supposed to be one of the most liberal and tolerant human beings but it was just difficult for me to accept Buhari as a Presidential candidate at this time and age. I nearly clashed with my dear friend and brother, Simon Kolawole, after reading an article he had penned on Buhari and practically endorsing him at that time. I was so livid that I did not wait for Simon to get out of church before I started bombarding his lines with frenetic calls. When he eventually got back to me, and in his usual humble manner said “Egbon, I missed your calls, hope all is well?” I responded that all was not well as he had spoilt my appetite and breakfast that morning with his effusive praise of someone I considered a red-faced tyrant.

Simon was as cool as cucumber. He was incredibly blunt as he instantly confessed his unrepentant love, admiration and support for Buhari. He gave plenty reasons and regurgitated some of the offensive sentiments already expressed in his emotional article but I wasn’t impressed. I eventually dropped the matter as neither of us was prepared to yield any ground. Rather than abate, my anger got exacerbated. But that encounter challenged me to look more critically at Buhari and probe deeper into how he acquired such stupendous cult-following.

Without doubt, Buhari is a modern-day wonder. The story of his life is a stuff of thriller novels. In a country where money fixes most things and people, how did he manage to control the bodies and souls of his fanatical supporters? What is it that makes him such a dual personality that draws so many people to him while others withdraw as if to run away from a victim of Ebola? What can Buhari do or achieve at his age in this modern world where life itself has become computerised? I suffered from this interior monologue for a long time.


Some of my fears started evaporating one night in Abuja when I was invited over to meet him at the instance of Prince Lanrewaju Tejuoso, one of his godsons. I was dazed at the ease Prince Lanrewaju was able to get him to meet with me at such short notice. I was impressed that there were no intruders during our heart-to-heart talk. Perhaps, because he had no money to share, the usual parasites crawling all over the corridors of power were not in sight. He spoke calmly but firmly. He had this childlike innocence around him. It was difficult to imagine this man sitting across me could hurt a fly even as a soldier. There were no airs around him or chips on his shoulders. What you saw was what you got; take it or leave it. Many had confessed to similar reaction upon meeting him.
We took pictures together without much ado. And I actually found him more charismatic than my jaundiced eyes could have permitted. What I saw was that raw Fulani beauty and handsomeness. I and my aides left the place liking him a bit.

Of course the election came as usual and Dr Goodluck Ebele Jonathan trounced Buhari mercilessly. But most of us got so carried away that we failed to appreciate how well the man had performed against all odds. Here was a man without loads of cash. He didn’t have a preponderance of powerful Governors behind him. He could not mobilise so many billionaires to fund him. He lacked the power of incumbency. He could not secure the much needed coalition with ACN at the time. Many Christians saw him as Satan on earth. Many youths considered him too old. The super-rich saw him as the sword of Damocles dangling over them. All the odds were stacked up against him. Yet this poor man, as I like to describe him, recorded a whopping 12,214,853 votes while President Jonathan scored 22,495,187 votes.

Let’s break it down into simple Maths. Jonathan had a good spread scoring 25% or more in 31 States. Buhari managed to score 25% or more in 16 States and yet got a cumulative result of over 12 million votes. A good Mathematician should be able to help us here because I wish to show our President’s handlers that they will pay heavily for complacency if they assume and take it for granted that they can beat Buhari easily like PDP had always done in the past. Let me explain it further. A man who won the mandatory 25% in about half of the States secured by the President still went ahead to poll over half of what the President got. Now this is the tricky part.

Let me begin with the most obvious. Buhari had only 37.96% in Adamawa while Jonathan had 56%. The registered voters were 1,816,094 but the voter-turnout was a miserable 49.98%. With the way the country is right now, PDP would require a miracle to win Adamawa with a landslide. If Buhari secures the APC ticket, it is almost certain that he would clean up that State. And in case the voters turn out much bigger, it means that State can wipe off some of the deficits Buhari suffered in 2011. The two leading parties can still jerk up about one million extras which won’t be a bad idea even if PDP still gets 25% or more.

Let’s walk across to another interesting State, Bauchi where Buhari recorded 1,315,209 against Jonathan’s 258,404 despite the avuncular presence of PDP Governor, Isa Yuguda. The registered voters here were 2,523,614 but only 1,610,094 voters chose to vote with nearly 1,000,000 voters hibernating somewhere. I hope you’re patient enough to follow this Maths lesson.
Benue would certainly be a major battle ground this time for the candidates because the State has over 1.3 million voters (out of a total registration of 2,390,884) buried somewhere for the strongest candidate to resurrect. Here ethnicity and religion would play critical roles more than ever before. It is presently a virtual PDP State with Jonathan polling 694,776 against Buhari’s 109,680 and ACN (Nuhu Ribadu) 223,007. Benue had always been a State of enlightened voters and it may swing in favour of a serious candidate.

Let’s keep moving and find somewhere to land in the troubled spot of Borno State. This is a treasure ground with 2,380,957 out of which more than half of the voters have absconded and vanished into thin air. In 2011, Buhari 909,763 against the President’s humble 207,075 votes. Now this State is under fire but is NOW largely controlled by the new alliance known as APC.

Let’s saunter across to Gombe where Buhari scored 459,898 against Jonathan’s 290,347 votes out of a total registration of 1,318,377. All the parties combined recorded 770,019 voters. The implication of this is that if this State decides to be generous, it may dash out about 548,358 votes. We are still moving and scavenging for the votes wherever they are hiding.

Let’s say some quick Hello to our Brother, Governor of Jigawa State, Sule Lamido, who couldn’t hold Buhari down despite his equally tall physique. Here Buhari polled 663,994 against Jonathan’s 419,252. Total votes cast came to 1,140,766 out of 2,013,974 total registrations. Do not say I told you, this State has some 873,208 unseen registered voters probably perambulating as we write. This journey is still long and arduous.

Kaduna is a major war zone for the candidates because of its peculiar characteristics. Buhari’s supremacy was hotly challenged as Jonathan polled 1,190,179 against Buhari’s 1,334,244 votes . Total votes cast were 2,569,963 out of 3,905,387 total registered voters. Now wait for the good news of the kingdom; this beautiful State has 1,335,424 voters that it can conjure whenever needed or ready.

If you think Kaduna was super, please, wait for the almighty Kano where no serious candidate can play silly pranks with the energetic and fearless Governor, Rabiu Kwankwaso. In 2011, Buhari massacred Jonathan with 1,624,543 against 440,666. The then Governor and Presidential candidate, Ibrahim Shekarau even scored more than the President with his 526,310 votes. The total votes cast came to 2,673,228 out of 5,027,297. In case your Maths is poor like mine, let’s find a calculator before the brains explode. Kano alone can conveniently and benevolently donate 2,354,069 potential voters out of the skies.

We finally arrive in Buhari’s homestead of Katsina where he expectedly polled 1,163,919 against Jonathan’s 428,392. It is either many Katsina people didn’t dig their own son, since prophets hardly get honoured at home, or Buhari just didn’t employ artful dodgers to manipulate the votes in his favour. In all, 1,639,532 voters performed their civic duty out of 3,126,898 registered voters. By fire, by force, Katsina on a good day can still conjure some 1,487,366 votes.
Please, permit me to fast forward to the State of the Sokoto Caliphate where a floodgate can still be opened. Strangely, Buhari pulled merely 540,769 shots against Jonathan’s 309,057. A total of 909,808 voters came out of 2,267,509 registered voters. No one is able to explain this anomalous situation to us properly but some 1,357,701 unseen voters may decide to show up in 2015. Please, bear with me, you must be getting tired but we need to do this together because of my over-confident friends in Abuja who must have had F9 in Mathematics like me.

Let me now give you the shock treatment and take you straight to the biggest theatres of war. I must warn that this not for the faint-hearted. Welcome to the heartbeat of Nigeria known as Lagos State where Jonathan polled 1,281,688 against Buhari’s 189,983 and Nuhu Ribadu’s 427,203. Wait for this, only 1,945,044 voters turned up out of 6,108,069 voters. In effect, Lagos can, in its true majesty, produce additional 4,163,025 out of its bag of magic.

I wish there was space to display all the figures but it won’t be possible. But let me continue with the random sampling. Many of the States won by Jonathan or PDP or both, depending on why you voted in 2011, are not so easily available at this time. Take Oyo for example under the control of APC beyond the next Presidential election may prove too tough to handle. Only 863,544 out of 2,572,140 voters appeared in public but we don’t know the whereabouts of 1,708,596 potential voters.

Ogun State is another interesting territory where 543,715 people voted out of 1,941,170 who registered to vote. Meanwhile, the largest turnout of voters was recorded in areas controlled by Jonathan but let’s examine the figures. Abia has used up 1,188,333 out of 1,524,484; Akwa Ibom 1,232,395 out of 1,616,873; Anambra 1,157,239 out of 2,011,746; BAYELSA 506,693 out of 591,870; Cross River 726,341 out of 1,148,486; Delta 1,398,579 out of 2,032,191; Edo 621 out of 1,655,776; Ebonyi 502,890 out of 1,050,534; Ekiti 261,858 out of 764,726; Enugu 814,009 out of 1,303155; Imo 1,409,850 out of 1,687,293; Kwara 414,754 out of 1,152,361; Ondo 486,837 out of 1,616,091; Osun (lost by Jonathan) 512,714 out of 1,293,967; Rivers (the largest State in South South) 1,854,116 out of 2,429,231 and so and so on.

This should give you a fair representation of what is at stake in the 2015 election. Politics is not exactly Maths but it is still a game of numbers. Those who think an incumbent President cannot be defeated should wake up from their self-induced coma. The mood of the Nigerian nation is very similar to that which swept Obama into power. Lagos and Kano combined account for 11,135,366 registered voters out of a grand total of 73,528,040. Only 38,199,219 people voted in all the States. There are 35,328,821 floating somewhere. Most of them are comfortably resident in APC States.

My free advice to the Jonathan campaigner is simple; stop projecting our President as a sectional leader whose only qualification is where he comes from. Stop raining insults on Northerners and avoid maligning innocent Muslims. The religious card you wish and hope to play will never play out in favour of President Jonathan. You should concentrate on projecting the positive work and his Transformation Agenda. A President is the father of the nation. A lot of damage has been done by portraying him as a victim who’s derided by everyone except his own.
The President’s handlers should worry more about how the goodwill of 2011 got frittered away in such a jiffy. Above all, they should urgently search for competent Maths teachers.

Believe me, the figures are no longer adding up.

Source: Dailypost

Dele Momodu: Buhari vs Jonathan – In search of mathematicians

Fellow Nigerians, time changes everything indeed. In 2011, I would have said worse things about General Muhammadu Buhari. In truth, I actually wrote Buhari off completely, not without cogent reasons that I considered valid and relevant at that time. The first was that Buhari was too old to lead us. I was biased by the Obama Presidency and the emergence of David Cameron in Britain. I felt Buhari as a former dictator should be totally expunged from the race. I was also brainwashed by the relentless propaganda that he was a religious fundamentalist of the worst kind. If I was good in Fine Arts, I would have painted him in the lurid and monstrous image of Lucifer. That was how bad it was.

Trust me, I’m supposed to be one of the most liberal and tolerant human beings but it was just difficult for me to accept Buhari as a Presidential candidate at this time and age. I nearly clashed with my dear friend and brother, Simon Kolawole, after reading an article he had penned on Buhari and practically endorsing him at that time. I was so livid that I did not wait for Simon to get out of church before I started bombarding his lines with frenetic calls. When he eventually got back to me, and in his usual humble manner said “Egbon, I missed your calls, hope all is well?” I responded that all was not well as he had spoilt my appetite and breakfast that morning with his effusive praise of someone I considered a red-faced tyrant.

Simon was as cool as cucumber. He was incredibly blunt as he instantly confessed his unrepentant love, admiration and support for Buhari. He gave plenty reasons and regurgitated some of the offensive sentiments already expressed in his emotional article but I wasn’t impressed. I eventually dropped the matter as neither of us was prepared to yield any ground. Rather than abate, my anger got exacerbated. But that encounter challenged me to look more critically at Buhari and probe deeper into how he acquired such stupendous cult-following.

Without doubt, Buhari is a modern-day wonder. The story of his life is a stuff of thriller novels. In a country where money fixes most things and people, how did he manage to control the bodies and souls of his fanatical supporters? What is it that makes him such a dual personality that draws so many people to him while others withdraw as if to run away from a victim of Ebola? What can Buhari do or achieve at his age in this modern world where life itself has become computerised? I suffered from this interior monologue for a long time.


Falling oil prices pose challenges for Nigeria – CBN Governor

CBN Governor, Godwin Emefiele
The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, has said the current decline in crude oil prices globally presents some risks to the country.
Global oil prices are down around 25 per cent to $86 per barrel from $112 in June this year, putting pressure on oil-exporting countries, including Nigeria.

Emefiele, who spoke at the 2014 investiture of the Chartered Institute of Bankers of Nigeria in Lagos on Saturday, however, said efforts were being made by the relevant authorities to ensure that the country remained strong and healthy.
He said the central bank would continue to build and maintain a healthy external reserves position by improving accretion to the reserves through fiscal buffers and continue to insist on fiscal discipline.

“We expect the naira to remain strong and give foreign investors the clarity to guide future investment decisions,” he said, adding that in the area of financial system stability, the CBN hoped to sustain the effective management of potential threats and avoid systemic crisis.
He said fiscal deficits had continued to decline from 1.4 per cent of the Gross Domestic Product in 2013 to a projected 1.03 per cent in 2014 and 0.99 per cent in 2015.

“I am aware that crude oil prices are dropping and no doubt this presents some form of challenges to Nigeria. I can assure you that the fiscal and monetary authorities are taking action to ensure that we take steps that will enable Nigeria to withstand the shocks that we see,” he said.
Emefiele, who was conferred with the honorary fellowship of the CIBN, added, “A number of actions will be unveiled; in fact, some have already been unveiled and more will be unveiled in the next few weeks by both the monetary and fiscal authorities to ensure that Nigeria continues to remain strong and healthy to be able to support growth and development.”

Noting that the country had become a leading destination for Foreign Direct Investment in Africa, he said Nigeria had received direct investment of over $67bn since the return to democratic governance between 2000 and 2013, compared to an average of $41.5bn in the 1990s.
“Despite this impressive and consistent investment inflows, the myriads of inherent opportunities for high returns in the Nigerian economy remain largely untapped,” he said.

The CBN governor further said that with a Gross Domestic Product of over N80tn, average growth rate of about five per cent between 2010 and 2013, and economic expansion that was being driven by the non-oil sector, it was obvious that the Nigerian economy was not only growing, but was diverse with opportunities across multiple sectors such as services, e-commerce, arts and crafts, manufacturing, entertainment and agriculture.

Emefiele said countries around the world must compete for investments by creating enabling environment to attract such.
Source: punch

Falling oil prices pose challenges for Nigeria – CBN Governor

CBN Governor, Godwin Emefiele
The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, has said the current decline in crude oil prices globally presents some risks to the country.
Global oil prices are down around 25 per cent to $86 per barrel from $112 in June this year, putting pressure on oil-exporting countries, including Nigeria.

Emefiele, who spoke at the 2014 investiture of the Chartered Institute of Bankers of Nigeria in Lagos on Saturday, however, said efforts were being made by the relevant authorities to ensure that the country remained strong and healthy.
He said the central bank would continue to build and maintain a healthy external reserves position by improving accretion to the reserves through fiscal buffers and continue to insist on fiscal discipline.

“We expect the naira to remain strong and give foreign investors the clarity to guide future investment decisions,” he said, adding that in the area of financial system stability, the CBN hoped to sustain the effective management of potential threats and avoid systemic crisis.
He said fiscal deficits had continued to decline from 1.4 per cent of the Gross Domestic Product in 2013 to a projected 1.03 per cent in 2014 and 0.99 per cent in 2015.

“I am aware that crude oil prices are dropping and no doubt this presents some form of challenges to Nigeria. I can assure you that the fiscal and monetary authorities are taking action to ensure that we take steps that will enable Nigeria to withstand the shocks that we see,” he said.
Emefiele, who was conferred with the honorary fellowship of the CIBN, added, “A number of actions will be unveiled; in fact, some have already been unveiled and more will be unveiled in the next few weeks by both the monetary and fiscal authorities to ensure that Nigeria continues to remain strong and healthy to be able to support growth and development.”

Friday, 17 October 2014

Ebola outbreak: What is risk of catching it on a flight?

The Ebola outbreak has caused anxiety among some airline travellers. One woman was photographed at Washington Dulles airport wearing a full hazardous materials suit.

On one level, it's easy to see why fears are so widespread. Aeroplanes are confined spaces. A traveller will touch surfaces like trays, armrests, pillows and television screens that have been handled by hundreds of others.

Passengers wielding wet wipes and face masks are a familiar sight.

Amber Vinson, the second person infected in the US, flew from Cleveland, Ohio, to Dallas, Texas, on Frontier Airlines flight 1143. The US Centers for Disease Control and Prevention (CDC) said it wanted to interview the 132 other passengers.

It raises the question - how worried should they be about catching the deadly disease?

The answer, according to William Schaffner, an infectious diseases specialist at Vanderbilt University School of Medicine, is not very much.

"I am sure they are concerned but the risk is essentially zero," he says.

Amber Vinson -undated photo
Likewise, the CDC says the risk to "any around that individual on the plane would have been extremely low".

This is because the virus is not airborne like flu. Anyone on the same flight as a patient would not be at risk from breathing in the same cabin air. And it's extremely unlikely that someone would catch Ebola from an armrest, a touch-screen television, or a tray, says Schaffner.

Instead, Ebola is spread by direct contact with contaminated body fluids such as blood, vomit, saliva and faeces. The virus can enter the body via infected droplets through broken skin or mucous membranes such as the eyes, the lining of the nose or the mouth.


The virus "is ferocious in the body but it is a wimp when it is on an inanimate surface", he adds. "As soon as it has arrived on the inanimate surface it has started to die off."

On inert surfaces, the virus does not last for long - "I would imagine no more than a few minutes", according to Peter Hotez, dean of the National School of Tropical Medicine at Baylor University. The exception would be "if you see visible blood or visible secretion".

CDC guidelines on tackling Ebola say that a carpet or seat cover that is dirty from blood or body fluids should be discarded in the same way as bio-hazardous material.

Source: BBC

Ebola outbreak: What is risk of catching it on a flight?

The Ebola outbreak has caused anxiety among some airline travellers. One woman was photographed at Washington Dulles airport wearing a full hazardous materials suit.

On one level, it's easy to see why fears are so widespread. Aeroplanes are confined spaces. A traveller will touch surfaces like trays, armrests, pillows and television screens that have been handled by hundreds of others.

Passengers wielding wet wipes and face masks are a familiar sight.

Amber Vinson, the second person infected in the US, flew from Cleveland, Ohio, to Dallas, Texas, on Frontier Airlines flight 1143. The US Centers for Disease Control and Prevention (CDC) said it wanted to interview the 132 other passengers.

It raises the question - how worried should they be about catching the deadly disease?

The answer, according to William Schaffner, an infectious diseases specialist at Vanderbilt University School of Medicine, is not very much.

"I am sure they are concerned but the risk is essentially zero," he says.

Amber Vinson -undated photo
Likewise, the CDC says the risk to "any around that individual on the plane would have been extremely low".

This is because the virus is not airborne like flu. Anyone on the same flight as a patient would not be at risk from breathing in the same cabin air. And it's extremely unlikely that someone would catch Ebola from an armrest, a touch-screen television, or a tray, says Schaffner.

Instead, Ebola is spread by direct contact with contaminated body fluids such as blood, vomit, saliva and faeces. The virus can enter the body via infected droplets through broken skin or mucous membranes such as the eyes, the lining of the nose or the mouth.


Chibok Shame - The Nation

The Chibok kidnap saga, in its six months, is a test the Goodluck Jonathan Presidency continues to fail. The latest threat to arrest Bring Back Our Girls (BBOG) protesters, led by Oby Ezekwesili, former education minister, is an empty bluff to cover clear impotence.

Mike Omeri, director-general of the National Orientation Agency (NOA), getting whiff of the BBOG lobby’s planned march on Aso Villa to meet the president, issued the threat.

He went into adjectival overdrive, dismissing the protests as “inconsequential” and “unpatriotic”; and climaxed with a flourish that the protests were a “distraction.”
Mr. Omeri did not end his tantrums without the reflex charge that the protests were opposition-driven — the same allegation President Jonathan was levying when the kidnap was still fresh, and a prompt reaction could perhaps have saved the girls. Mr. Omeri then bared his fangs that the BBOG protesters risked arrest.

Mr. Omeri clearly thought his threat would abort the march. Well, it didn’t — which is some good news from a very bad situation. The BBOG protesters have done well by pressing their right to free and lawful assembly. They have proved that in a republican democracy, even the president and his high office are bound by the laws of the land — these same laws that created his office and raised its occupier above co-equal citizens, so the president can deliver on his duties — cannot be taken away by a lowly official of state, which Mr.  Omeri is.

But even the BBOG march only gifted the Jonathan presidency the chance to further belittle itself. First, a contingent of police women cordoned off the gate of Aso Villa. The president apparently was too busy to meet with a group of citizens, among them hurting mothers of the kidnapped girls. The protesters were told to contact Mr. Omeri — the same Omeri that had earlier threatened them with arrest — to read the president’s body language on the matter!

In fairness to the president, he sent a quad of female ministers — Zainab Maina (Women Affairs), Sarah Ochekpe (Water Resources), Lawrentia Mallam (Environment) and Ekon Eyaakenyi (Lands, Housing and Urban Development). But even that proved a cold comfort.  One of the ministers rather trivialised issues, thus underscoring the administration’s crass insensitivity on Chibok.

Told by Dr. Ezekwesili that one of the escaped Chibok girls would address the gathering in Hausa (she was not proficient in English because of Nigeria’s educational collapse), Mrs Ochepe fired back that it was under Ezekwesili’s tenure as education minister that the educational system collapsed. Talk of leaving the ball and going for the leg!

True, Dr. Ezekwesili should not have added the caveat of collapsed education, true as it is. Still, should Mrs Ochekpe have been so insensitive as to launch a spiteful personal attack on Dr. Ezekwesili — an attack that drew stinging rebuke from the protesters? So, because the Chibok girls were no use educationally anyway, their country should not protect them from terrorists? Or did she think attacking Ezekwesili would remove the perceived impotence of the Jonathan Presidency on the Chibok affair?


That attack was simply reckless and Minister Ochekpe did her government no credit by it.
But then so had the First Lady, Dame Patience Jonathan, done her husband no credit, when she tried to put the Chibok kidnap victims in the dock on prime time television. That, of course, backfired in the infamous “Dia ris God ooo …” tragi-comedy.

The president too had lost precious lead time letting himself be misguided that the Chibok kidnap was an opposition ploy to discredit his government. On Chibok, the Jonathan government becomes more discredited by the day — which is a pity: because the government manifests lack of rigour and compassion, which questions the president’s competence to continue holding on to his job.
Let Mr. Omeri be warned: not even the president can take away the rights of citizens guaranteed by the Constitution.

The president too should do the needful and bring the Chibok girls back home, however difficult that is.  The Chibok stain would not go away, despite the childish and contemptible grandstanding by the administration’s officials.
Source: The Nation

Chibok Shame - The Nation

The Chibok kidnap saga, in its six months, is a test the Goodluck Jonathan Presidency continues to fail. The latest threat to arrest Bring Back Our Girls (BBOG) protesters, led by Oby Ezekwesili, former education minister, is an empty bluff to cover clear impotence.

Mike Omeri, director-general of the National Orientation Agency (NOA), getting whiff of the BBOG lobby’s planned march on Aso Villa to meet the president, issued the threat.

He went into adjectival overdrive, dismissing the protests as “inconsequential” and “unpatriotic”; and climaxed with a flourish that the protests were a “distraction.”
Mr. Omeri did not end his tantrums without the reflex charge that the protests were opposition-driven — the same allegation President Jonathan was levying when the kidnap was still fresh, and a prompt reaction could perhaps have saved the girls. Mr. Omeri then bared his fangs that the BBOG protesters risked arrest.

Mr. Omeri clearly thought his threat would abort the march. Well, it didn’t — which is some good news from a very bad situation. The BBOG protesters have done well by pressing their right to free and lawful assembly. They have proved that in a republican democracy, even the president and his high office are bound by the laws of the land — these same laws that created his office and raised its occupier above co-equal citizens, so the president can deliver on his duties — cannot be taken away by a lowly official of state, which Mr.  Omeri is.

But even the BBOG march only gifted the Jonathan presidency the chance to further belittle itself. First, a contingent of police women cordoned off the gate of Aso Villa. The president apparently was too busy to meet with a group of citizens, among them hurting mothers of the kidnapped girls. The protesters were told to contact Mr. Omeri — the same Omeri that had earlier threatened them with arrest — to read the president’s body language on the matter!

In fairness to the president, he sent a quad of female ministers — Zainab Maina (Women Affairs), Sarah Ochekpe (Water Resources), Lawrentia Mallam (Environment) and Ekon Eyaakenyi (Lands, Housing and Urban Development). But even that proved a cold comfort.  One of the ministers rather trivialised issues, thus underscoring the administration’s crass insensitivity on Chibok.

Told by Dr. Ezekwesili that one of the escaped Chibok girls would address the gathering in Hausa (she was not proficient in English because of Nigeria’s educational collapse), Mrs Ochepe fired back that it was under Ezekwesili’s tenure as education minister that the educational system collapsed. Talk of leaving the ball and going for the leg!

True, Dr. Ezekwesili should not have added the caveat of collapsed education, true as it is. Still, should Mrs Ochekpe have been so insensitive as to launch a spiteful personal attack on Dr. Ezekwesili — an attack that drew stinging rebuke from the protesters? So, because the Chibok girls were no use educationally anyway, their country should not protect them from terrorists? Or did she think attacking Ezekwesili would remove the perceived impotence of the Jonathan Presidency on the Chibok affair?


Oil Price Decline Opens Window for Subsidy Removal, Increased Savings

Dr. Okonjo-Iweala, Minister of Finance
As oil prices continue to make their descent and are expected to fall below $80 a barrel, oil market analysts have called on the federal government to seize the window of opportunity provided by the decline to remove the subsidy on petrol and kerosene.

They added that the removal of subsidies on both products would increase distributable revenue to the three tiers of government, especially to cash-strapped states and local governments, from the savings that will be made.

However, under the 2015-2017 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Policy (FSP) submitted by the executive to the National Assembly this week, the federal government has proposed a subsidy budget N971.4 billion for petrol and N250 billion for kerosene for the three years under review. The market analysts recalled that in January 2012 when the federal government removed the subsidy on petrol, oil prices averaged $113.81 a barrel during the month and $111.67 a barrel for the entire year, making it inexpedient and unpopular for the government to have tampered with subsidies at the time.

While acknowledging that removing subsidies just before the elections might not be politically expedient for the Jonathan administration, they said if the policy is properly handled and the price of petrol drops, it could work out to the advantage of the government. “With the price of crude oil sliding to almost $80 a barrel, a price parity has been achieved as the price of refined petroleum products would also decline and this gives the government the opportunity to remove the subsidy on petrol and kerosene.

“Already, the price of diesel, which is a deregulated product has started to decline gradually at fuel stations, as importers are buying it a lower price from traders and refiners overseas. This means that prices of other refined products would also fall,” said one analyst.
When his attention was drawn to the fact that the government is proposing N1.167 trillion as its subsidy bill between 2015 and 2017, he said this was too preemptive in the face of lower crude oil prices, which might not rise for a while due to slowing growth in China and rising shale oil production in the US, which are respectively the highest consumers of crude oil in the world.

“As your paper has already reported, Saudi Arabia, the swing producer, is not in a hurry to cut output, neither is Russia, another major oil producer. So we may have to get used to the idea of lower prices for some time to come.

“This is the time the government should capitalise on the opportunity offered by lower oil prices to remove the subsidy burden which has been serially abused by fraudsters, has cost the country trillions of naira and put undue pressure on the naira by fuel importers who constantly need to buy foreign exchange from the Central Bank of Nigeria.

“Besides, with lower crude oil prices, Nigeria’s foreign exchange earnings are bound to drop, but with a lower or zero subsidy bill, the savings can offset the drop in earnings,” he explained.

He also called on the Federation Accounts Allocation Committee (FAAC) comprising finance commissioners of the states and the Federal Ministry of Finance, which has been agitating for the removal of subsidies to increase their campaign now as the timing couldn’t have been better.

Under the MTEF/FSP submitted by the executive, the federal government has also proposed N570 billion for borrowings in 2015 and plans to spend N259 billion on Subsidy Reinvestment and Empowerment Programme (SURE-P) next year.
It also put states' share from the Federation Account during the next fiscal year at N1.675 trillion and local governments' share at N1.291 trillion.

The document also contains N750 billion estimates for debt service and N11.1 trillion as the total federally collectible revenue in 2015.
In a related development, the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, has warned against the effects of falling oil prices and called for increased prudence by the three tiers of government in the management of resources.


The minister, who spoke at the National Council for Finance and Economic Development (NACOFED) conference in Enugu yesterday, also gave an update on the state of the global economy, a subject which she told her audience was extensively discussed at the just concluded annual meetings of the World Bank and International Monetary Fund (IMF), and how it affects the Nigerian economy.

The IMF had lowered its growth projection for the global economy citing increased uncertainty over sluggish growth and stagnation especially in Europe. Specifically, she spoke about the implication of the decline of the oil price on Nigeria’s economy against the backdrop of other revenue challenges such as oil theft.
She said the executive arm of government had consistently pushed for a lower benchmark price in its discussions with the National Assembly, because price-sensitive country’s like Nigeria which depend on a single commodity like oil for most of their revenue, cannot afford to take things for granted, warning that a steep fall in oil prices could have serious economic consequences.

“We have been preaching prudence in the management of oil revenues because whether the price is high or low, with prudence you can’t go wrong,” she said.

Essentially, the country is facing both price and quantity challenges which deserve serious attention, she said. The minister, however, added that the cooperation between the federal and state governments had helped the country to cope quite well in spite of the challenges.

She urged both tiers of government to quickly draw up contingency plans to deal with the serious challenges posed by the decline in oil prices on the economy, adding that the federal government would soon announce its own contingency plan to deal with the revenue challenges.

Source: Thisday

Oil Price Decline Opens Window for Subsidy Removal, Increased Savings

Dr. Okonjo-Iweala, Minister of Finance
As oil prices continue to make their descent and are expected to fall below $80 a barrel, oil market analysts have called on the federal government to seize the window of opportunity provided by the decline to remove the subsidy on petrol and kerosene.

They added that the removal of subsidies on both products would increase distributable revenue to the three tiers of government, especially to cash-strapped states and local governments, from the savings that will be made.

However, under the 2015-2017 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Policy (FSP) submitted by the executive to the National Assembly this week, the federal government has proposed a subsidy budget N971.4 billion for petrol and N250 billion for kerosene for the three years under review. The market analysts recalled that in January 2012 when the federal government removed the subsidy on petrol, oil prices averaged $113.81 a barrel during the month and $111.67 a barrel for the entire year, making it inexpedient and unpopular for the government to have tampered with subsidies at the time.

While acknowledging that removing subsidies just before the elections might not be politically expedient for the Jonathan administration, they said if the policy is properly handled and the price of petrol drops, it could work out to the advantage of the government. “With the price of crude oil sliding to almost $80 a barrel, a price parity has been achieved as the price of refined petroleum products would also decline and this gives the government the opportunity to remove the subsidy on petrol and kerosene.

“Already, the price of diesel, which is a deregulated product has started to decline gradually at fuel stations, as importers are buying it a lower price from traders and refiners overseas. This means that prices of other refined products would also fall,” said one analyst.
When his attention was drawn to the fact that the government is proposing N1.167 trillion as its subsidy bill between 2015 and 2017, he said this was too preemptive in the face of lower crude oil prices, which might not rise for a while due to slowing growth in China and rising shale oil production in the US, which are respectively the highest consumers of crude oil in the world.

“As your paper has already reported, Saudi Arabia, the swing producer, is not in a hurry to cut output, neither is Russia, another major oil producer. So we may have to get used to the idea of lower prices for some time to come.

Friday, 10 October 2014

MALALA becomes youngest person to win a Nobel Prize

Malala Yousafzai, the Pakistani schoolgirl and education activist, Malala has become the youngest Nobel Peace Prize winner. She was  along with Indian children's rights activist, Kailash Satyarthi jointly awarded the 2014 Nobel peace prize.

She was shot in the head by the Taliban on her way home from school after campaigning for more access to education for girls and has since become recognisable worldwide. 
Malala has travelled far and wide representing hope for children.

The Norwegian Nobel Committee cited the two "for their struggle against the suppression of children and young people and for the right of all children to education.''

Awarding the prize, the committee said that peaceful global development could only come about if children and the young are respected.

Source: Aljazeera

MALALA becomes youngest person to win a Nobel Prize

Malala Yousafzai, the Pakistani schoolgirl and education activist, Malala has become the youngest Nobel Peace Prize winner. She was  along with Indian children's rights activist, Kailash Satyarthi jointly awarded the 2014 Nobel peace prize.

She was shot in the head by the Taliban on her way home from school after campaigning for more access to education for girls and has since become recognisable worldwide. 
Malala has travelled far and wide representing hope for children.

The Norwegian Nobel Committee cited the two "for their struggle against the suppression of children and young people and for the right of all children to education.''

Awarding the prize, the committee said that peaceful global development could only come about if children and the young are respected.

Source: Aljazeera

Why we won’t sell arms to Nigeria, by US Govt.

DESPITE the urgent need for external support for Nigeria to defeat Boko Haram, the United States (U.S.) has declared that it will not sell arms to the Federal Government.

The position of the U.S. was disclosed by the country’s Ambassador to Nigeria, James F. Entwistle.

Entwistle, who spoke in Yola Thursday in an interactive session with journalists after addressing American University of Nigeria (AUN) students and staff on his mission to Adamawa State, explained that the decision of the U.S. government not to sell arms to the country was due to what he described as massive human rights abuses by the Nigeria military.

  “The U.S. government is against human rights abuse by any country in the world. So it will be ungodly for the U.S. to sell arms to Nigeria, a country that its military is notoriously known for human rights abuse. We cannot sell our arms to a country that will use our technology which is meant for defence of the helpless people to harass the helpless citizens”, he said.

  On the Boko Haram’s killings in the north-eastern part of the country, he said that the crisis was getting stronger due to the political undertone and internal sabotage by the people of Nigeria.

  “In the past six months it is very clear the manner Boko Haram is getting stronger that there is internal sabotage. The deadly gang has efficient military operations, the way they operate is clear that they receive military training based on the tactics they employ to operate”, he maintained.

  He said that U.S. government had been training Nigeria military in different fields including information management and war tactics to improve the productivity of both the personnel and officers.

  The U.S. ambassador maintained that Nigeria and his country had a good relationship and that President Barrack Obama was building a stronger friendship between the two countries for economy prosperity of Nigeria.

   “President Jonathan is the only African President that has meetings twice with Obama and another meeting with Obama’s deputy. This is to show that the U.S. government has special interest to support Nigeria to grow fast. The fact that Obama is yet to visit Nigeria cannot be used as a sign that the relationship between the two countries is sour”, he stated.


Entwistle, who said that he was in Yola to monitor the aborted governorship by-election in tomorrow, pointed out that the major problem militating against the development of Nigeria

was corruption, which he said had detained the growth of both democracy and the economy of the country.

  “Corruption is a huge problem in Nigeria, everybody knows about this. Corruption can be tackled in Nigeria only when there are strong institutions like the security agents, judiciary and others.  Individuals should be bold to challenge public office holders on how they get money to buy big cars, build houses in Abuja, Lagos and other parts of the world. The members of the media should be courageous to put Nigerian leaders on the public scale for members of the public to judge their activities in office”, he said.

  On the 2015 general elections, the U.S. ambassador insisted that the Independent National Electoral Commission (INEC) must fashion out modalities that could allow the Internally Displaced Persons (IDPs) to vote.

  “It will be constitutionally wrong for INEC to deny these people from voting, if they are excluded from the election it means the election result cannot be credible because some Nigerians are denied their rights to vote. The power of any individual is his rights to vote for the leader of his choice, if you deny him that right, you have taken away his power to question or caution the person in office.  So it is very important for INEC to include the IDPs in the 2015 general elections”, he maintained.

    Entwistle, who rated the American University of Nigeria, Yola as among the best institutions in the world, noted that the school would contribute to the fast development of the country and other African countries.

Source: GUARDIAN

Why we won’t sell arms to Nigeria, by US Govt.

DESPITE the urgent need for external support for Nigeria to defeat Boko Haram, the United States (U.S.) has declared that it will not sell arms to the Federal Government.

The position of the U.S. was disclosed by the country’s Ambassador to Nigeria, James F. Entwistle.

Entwistle, who spoke in Yola Thursday in an interactive session with journalists after addressing American University of Nigeria (AUN) students and staff on his mission to Adamawa State, explained that the decision of the U.S. government not to sell arms to the country was due to what he described as massive human rights abuses by the Nigeria military.

  “The U.S. government is against human rights abuse by any country in the world. So it will be ungodly for the U.S. to sell arms to Nigeria, a country that its military is notoriously known for human rights abuse. We cannot sell our arms to a country that will use our technology which is meant for defence of the helpless people to harass the helpless citizens”, he said.

  On the Boko Haram’s killings in the north-eastern part of the country, he said that the crisis was getting stronger due to the political undertone and internal sabotage by the people of Nigeria.

  “In the past six months it is very clear the manner Boko Haram is getting stronger that there is internal sabotage. The deadly gang has efficient military operations, the way they operate is clear that they receive military training based on the tactics they employ to operate”, he maintained.

  He said that U.S. government had been training Nigeria military in different fields including information management and war tactics to improve the productivity of both the personnel and officers.

  The U.S. ambassador maintained that Nigeria and his country had a good relationship and that President Barrack Obama was building a stronger friendship between the two countries for economy prosperity of Nigeria.

   “President Jonathan is the only African President that has meetings twice with Obama and another meeting with Obama’s deputy. This is to show that the U.S. government has special interest to support Nigeria to grow fast. The fact that Obama is yet to visit Nigeria cannot be used as a sign that the relationship between the two countries is sour”, he stated.