Buhari insists Nigeria is coming out of recession

President Muhammadu Buhari has said that Nigeria is coming out of recession and urged Nigerians to be patient with his administration.

‎Buhari stated this while making remarks at the inauguration of the North-West zone of the National Committee of Buhari Support Group in Kano on Thursday. He was represented by the Senate Leader, Senator Ahmad Lawan.

“We need to re-strategise, but the planning period is always very difficult in any organisation or nation.

“Already, as you can see, the country is coming out of economic recession, soon the prices of commodities will go down, and generally things will take a good shape.

‎”We call on Nigerians to be patient and not to lose hope.

“I urge us to be prayerful and by God’s grace we shall get better and stronger as a nation,” he said

Some of the world’s biggest countries have managed to reduce extreme poverty—except Nigeria

Despite its vast oil riches and impressive economic growth, Nigeria has struggled to lift its people out of poverty over the past three decades.

That fact stands out in the World Bank’s 2017 Atlas of Sustainable Development Goals, which shows that 35 million more Nigerians were living in extreme poverty in 2013 than in 1990. The Atlas tracks the progress countries are making to meet 17 development goals set out by the United Nations, such as reducing economic inequality, the use of clean energy, and literacy rates. 

Among the 10 most populous countries for which data is available, only Nigeria recorded an increase in the number of citizens who live in extreme poverty over the period of the study. The Atlas defines “extreme poverty” as living on less than $1.90 a day.

While the ballooning number can be linked to a population surge in Nigeria (the country grew from 96 to 174 million people between 1990 and 2013), this doesn’t fully account for the persistence of extreme poverty in the country. All 10 of the biggest countries in the World Bank’s report also registered population increases over that period, barring Russia. Nigeria’s 81% population increase was dwarfed by Ethiopia, which saw a 96% increase over the same period.

Nigeria’s progress has been significantly impeded by its inability to distribute the country’s immense oil wealth to citizens. This is corroborated by a recent report from the Legatum Institute, a London-based think tank, which measured “prosperity delivery” to citizens in comparison to a country’s actual wealth. Of the 38 countries covered by the research, Nigeria ranked 26th, with the report saying it was “under-delivering” prosperity to its citizens.

Corruption and incompetence are to blame, and last week served up another reminder of how much malfeasance costs the country. Emails leaked by anti-corruption charities Global Witness and Finance Uncovered suggested that a $1.3 billion payment by oil giants Shell and Eni in 2011 for a lucrative but undeveloped Nigerian oilfield never went to the public trust for which it was intended. Instead, almost all of the money (nearly half of that year’s national education budget) was divvied up as kickbacks between high-ranking government officials.

Dana Air plane aborts trip after mid-air collision with bird

A Dana Air aircraft en-route Port Harcourt on Friday morning, made an ‘air return’, some minutes after take-off from the Murtala Muhammed Airport II, Lagos.

The News Agency of Nigeria (NAN) reports that the aircraft, with registration number 5N-SRI returned after colliding with a bird mid-air.

Mr Kingsley Ezenwa, Communications Manager of the airline, confirmed the incident in a statement.

Ezenwa said the captain took a professional decision by returning to the Lagos airport.

“A bird strike is a collision between a bird and an aircraft that is airborne and as per standard safety procedure which is the hallmark of our operation, our pilot returned to base.

“Our guests have however been put on another aircraft to ensure that their itinerary is not entirely disrupted.

“The aircraft is currently being evaluated by our engineers to determine the effect of the bird strike on its affected engine,’’ he said.

The manager also assured Dana Air’s customers that the airline would continue to give priority to their safety and comfort.

The General Manager, Public Relations, Nigerian Civil Aviation Authority (NCAA), Mr Sam Adurogboye, told NAN that the air return was a precautionary measure to prevent any untoward occurrence.

Adurogboye said the pilot acted according to Standard and Recommended Practices (SARPs), as such the incidences should not be sensationalised.

“The pilot did the right thing by returning to base.

“The aircraft had already lost one engine as a result of the bird strike and the standard practice is that the pilot should land at the nearest airport.

“Once such incident occurs, it is mandatory for the airline to make a report to the NCAA,’’ he told NAN.

Adurogboye also restated NCAA’s commitment to the safety and security of Nigeria’s aviation sector.

NAN reports that this is the third incident recorded by the Nigerian aviation sector in the last 72 hours.

An Aero Contractors flight NG316 en-route Lagos, from Port Harcourt, was on Tuesday engulfed in smoke about 20 minutes after take-off, causing panic among the passengers.

Similarly, two aircraft belonging to Air Peace were on Thursday involved in a ground collision at the General Aviation Terminal of the Murtala Mohammed Airport, Lagos.

EFCC probe: Discovered N6b belongs to Niger State – Governor Bello

Governor Abubakar Bello of Niger State has claimed that the N6 billion discovered by the Economic and Financial Crimes Commission (EFCC) belongs to the state government.


The governor made this known to newsmen after joining President Muhammadu Buhari and hundreds of other Muslim faithful to perform the Juma’at prayer, at the Aso Rock Mosque, Abuja.

The Economic and Financial Crimes Commission had invited a former governorship aspirant on the platform of the Peoples Democratic Party, PDP, in Niger State, Kantigi Liman for interrogation over the discovery of N6 billion traced to his account.

According to Bello, the funds are believed to have been siphoned by the suspects through inflated Hajj subsidies offered by the state government to Pilgrims within the periods he (suspect) served as the Chairman of the Niger State Pilgrims’ Agency.

He also acknowledged the efforts of the EFCC towards the recovery of the misappropriated ecological funds by the previous administration in the state.

“I’m aware that the EFCC is investigating the ecological funds. At the inception of this administration we realised that the ecological funds disappeared.

“I did not have any evidence that it was utilised to address any ecological issues and we are faced with major ecological problems especially in Mokwa, Agaie, Bida, part of Minna, Rafin Gora and Mariga.

“We are doing our best to address the ecological problems. We need funds and unfortunately the N2 billion that was given to the state was not judiciously used to address the ecological challenges.

“If it had been used properly maybe our burden might have been reduced by now, but we are having sleepless nights over ecological issues and we are still approaching the Federal Government to assist us,’’ he added.

Access and Quaint sign InfraCo financing for Nigerian solar

Access Infra Africa and Quaint Global Energy have signed for $1.25 million in financing from InfraCo Africa for the 50MW Abiba solar plant in Nigeria

Buhari nominates Prof. Momoh as NERC Chairman

President Muhammadu Buhari has nominated Prof. James Momoh as Chairman of the Nigerian Electricity Regulatory Commission (NERC).

The President’s nominee is a Professor of Electrical Engineering and Computer Science; and Director of Energy Services and Controls at Howard University, United States.

A statement issued by the President’s Senior Special Assistant on Media and Publicity, Garba Shehu, said Prof. Momoh, a Life Fellow of the Institute of Electrical and Electronics Engineers and Fellow of the Nigeria Society of Engineers, has over three decades of teaching and research experience in power system, smart grid, optimisation and power communications.

The 1987 recipient of the National Science Foundation-US White House Presidential Young Investigator Award is a widely published scholar and has held several leadership positions in the academia.

Prof. Momoh has a Doctorate degree in electrical engineering from Howard University; Master’s degrees in systems engineering from the University of Pennsylvania; and electrical engineering from Carnegie University.

He obtained his Bachelor’s degree in electrical engineering in 1975 from Howard University.

President Buhari believed that Prof. Momoh has the technical knowledge, capacity and integrity to lead the Commission’s effort to bring about the much needed change in Nigeria’s power sector.

SA still open for business

South African government has assured international investors that the renewed drive for accelerated radical economic transformation will not serve as a deterrent to foreign direct investment.

This comes as the Emir of the State of Qatar, Sheikh Tamin Bin Al-Thani, concludes his two-day state visit to South Africa.

The Emir is on a mission to strengthen bilateral trade and investment between Doha and Pretoria.

Qatar is South Africa's seventh largest trade partner in the Middle East region.

Bilateral trade between South Africa and Qatar is valued at just above R7 billion.

Petro-chemical giant Sasol is the only South African company which has entrenched its investment presence in the Qatari energy market.

President Jacob Zuma and Sheikh Tamin Bin Al-Thani reviewed progress on the implementation of short-term trade and investment projects in the fields agriculture, tourism, defence and the oceans economy. 

The plunge in the oil prices has forced the oil-rich Gulf State to diversify its economy.

The South African government is positioning itself as the preferred African investment destination for Qatar's multi-billion rand trade deals.

Addressing the Qatar-South Africa business forum, Small Business Development Minister Lindiwe Zulu, moved to calm fears over concerns that the planned radical economic transformation will erode investor confidence.

“May I take this opportunity to say that when we talk about Radical Economic Transformation others think what's the meaning of it. This should not scare our investors, your investments will be safe.  We will make sure that your investments are protected.”

Qatari Economic Development Minister Sheik Ahmed Bin Jassim Al-Thari has urged South African companies to use the Gulf State's strategic location as a gateway to the Middle Eastern, Asian and European markets.

“Qatar can be a gateway for South African products in the free trade zone.  Qatar investors can invest more in South Africa's competitive sectors like tourism, agriculture and other sectors.”

President of the Black Business Council, Dr. Danisa Baloyi, has welcomed growing trade and investment ties between South Africa and Qatar.

“We have resources that could turn this country around.  If we begin to interact with countries like them we will learn how possible to succeed because we have resources.”

About 6 000 South Africans expatriates work in various sectors in Qatar.

Fwayo eyes 2018 Chan qualification

Zambia striker Fwayo Tembo says he is desperate to finally play in an Afcon or Chan tournament.

Strangely, the 27-year-old Power Dynamos player, who enjoyed seven-year stint overseas, that took him to Tunisia, Switzerland and Romania, has only graced the Caf U20 Cup and Fifa U20 World Cup in 2007.

Fwayo said he is eager to firstly help Zambia qualify, to next year’s Chan tournament in Kenya.

“I have never won anything at the national team, now the Chan is near so I hope I can win something with the national team,” Fwayo said.

“It is not going to be an easy year with the Chan, Africa Cup and World Cup qualifiers but we will do our best.”

Fwayo is one of the 27 players called-up by Zambia coach Wedson Nyirenda for the preliminary phase of the 2018 Chan qualifiers preparations that began this week with a three-day camp in Lusaka.

Swaziland will host Zambia in the Chan first leg qualifiers during the weekend of July 16 while the return leg will be played on July 22.

The winner will advance to the final qualifying stage in August to play either South Africa or Botswana for a place in next January’s finals in Nairobi.

Nigerian Senate won’t interfere with any religion – Saraki

Senate President, Dr. Abubakar Bukola Saraki, has said that the Senate will not make laws that interfere with the religious creeds of Nigerians.
Saraki, according to a statement by his Chief Press Secretary, Sanni Onogu, disclosed this when the Council of Ulama (Muslim clerics) in Nigeria visited him in Abuja.
“I say that again, whatever laws we pass here, will be respectful to the religious beliefs of our people. We will not do anything that will in anyway go against that.

“We are trying our best to ensure that we pass laws that will make direct positive impact on Nigerians. I want to also use this opportunity to assure you that whatever laws we pass here, will be sensitive to the religious values of the whole Nigeria”, Saraki said.

The Senate President also commended the Council for uniting all Islamic scholars under one umbrella, a development he said has contributed immensely to the stability and progress of not only the Islamic religion but that of the nation.
He expressed the commitment of the Senate to make the country better by passing laws that make positive impact in the life of the citizenry.

He further stated that the Senate is working hard to replicate the successes achieved in the fight against terrorism, in the fight against corruption and the revival of the economy.
“We thank God for the success we have made in the fight against corruption and I am sure that the progress will be extended to the economy in order to put this country in a better place,” he said.
On his part, the Chairman of the Council of Ulama in Nigeria, Sheik Abdullahi Abubakar Tureta, commended the Senate President for his patience and perseverance in the face of political adversity since his emergence as Senate President.
“We praise you for that and we are not surprised looking at your family background and we urge you to continue to be patient and persevere as the Almighty Allah promised to be with the patient one,” Tureta said.

R​eminding the Senate President about the burden of leadership, Tureta said the responsibility for the welfare of all Nigerians has been placed on both the executive and the legislative arm of government.
“If the two of you cooperate, everything will go well with the country, but if you work at cross-purposes, only the Almighty God knows what will befall the country.”
On his part, the Secretary General of the Council, Professor Mohammed Sadiq Abubakar, lauded the cooperation between the Senate and the Executive in the fight against terrorism in the country.
He noted that the cooperation contributed in no small measure in defeating terrorists and insurgents in the North East.
Abubakar urged the two arms of government (executive and legislature), to further strengthen their relationship​.
“We are happy about the fence mending and reconciliation efforts of the President with the Senate. I was happy when I read that the Senate President in a newspaper interview said that there is no quarrel between the executive and the Senate.
The Council of Ulama of Nigeria, he said, was established 31 years ago to unite the Ulamas from all the Islamic sects for the purpose of stability within adherents of the Islamic religion and the nation in general, saying that, “our membership is drawn from all Islamic sects without any form of discrimination.”

Kenya seeks cheaper oil from Saudi Arabia.

This was discussed during a meeting between President Uhuru Kenyatta and the visiting delegation from Saudi Arabia, on Wednesday at Sate House Nairobi.

Kenya is also hoping to export cattle and beef products to the middle-east oil-rich nation.

A delegation of over 30 top Saudi investors led by Saudi Arabia’s Commerce and Investment Minister Majed Bin Abdulla Alqassabi expressed their growing appetite to invest in the country, noting the improved business environment created by President Uhuru Kenyatta’s administration.
“We have taken deliberate efforts to create a conducive environment for foreign and domestic investment to thrive side by side. We urge you to take advantage of the huge opportunities that we have created, key among them being infrastructure projects,” the President said.
President Kenyatta welcomed the Saudi business people to set shop in Kenya, assuring them of his administration’s commitment to facilitate the smooth operation of their companies.
He acknowledged the significant growth of trade between the two countries but emphasized the need for Saudi investors to make Kenya their investment destination of choice to bridge the balance of trade that is currently tilted in favour of the Arabian Peninsula State.
Kenya’s exports to Saudi Arabia include tea, coffee, vegetables, textile materials, fruits, nuts and beef among others while major imports include oil, molasses, chemical products and paper.
Leading Saudi companies present at the meeting included Al Mobty Group of Companies which was represented by its chairman Eng. Abdullah Al-Mobty, Alkorayef Group represented by Saad Abdullah Alkorayef and Hmood Al Khalaf Trading and Transportation Group whose General Manager Hmood Al Khalaf attended the meeting.

Gov. Badaru sacks 108 Jigawa hotel workers

Governor Muhammed Badaru Abubakar Badaru of Jigawa State has ordered for the immediate disengagement of 108 workers of the state-owned hotel, ‘ Three Star Hotel Dutse’.
Investigations revealed that Governor Badaru’s government was not happy with the way the state-owned hotel is being run especially as it could not pay its workers salary.

To correct this anomaly, the state government took the decision to lay off the affected workers leaving 16 workers behind, while the employment of 108 others were terminated with immediate effect.
It was, however, learnt that a Memorandum of Understanding was signed between the Jigawa State Government and the affected staff that 50 percent of their entitlements would be paid to them with the promise to re-engage them  as casual workers and posted to other government agencies.
One of the affected staff,  Umar Y.  Dutse, said government failed as it only paid them 30 percent as against 50 percent agreed with them in the MoU.
His words, ” Government issued us with a termination of appointment letter and promised to pay us 50 percent of our entitlement but  to our surprise we received only 30 percent while some 35 percent”.
When contacted,  Commissioner for Commerce and Industries, Aminu Sidi Yalleman, confirmed the development  saying, government was planning for a total rehabilitation of the facility.
The commissioner, who spoke through the Public Relations Officer of the ministry,  Mal. Zubairu Suleiman, said government would look into the possibility  of reengaging the sacked workers and post them to other government ministries and other agencies as casual.

Nigeria: NNPC, Customs, Others Shun U.S.$17 Billion Missing Oil Probe

The House of Representatives Ad-hoc Committee on the $17 billion missing from undeclared crude oil and liquefied natural gas exports to global destinations on Tuesday commenced its public hearing into the matter.

Declaring the hearing open, the Speaker of the House, Hon. Yakubu Dogara, said incidence of missing oil money had become a recurring decimal in a sector which is the mainstay of the economy.

Represented by the House Minority Whip, Hon. Yakubu Bade, the Speaker said the National Assembly's interest in investigating the sector stemmed from a deliberate effort to cleanse the industry of the rot which had become the hallmark of its existence over the years.

But curiously, progress of the hearing was hampered by the failure by heads of relevant agencies to turn up or provide for formal representation despite receiving correspondence from the committee.

Individuals who showed up supposedly for the Central Bank of Nigeria (CBN), the Nigeria Petroleum Development Company (NPDC) and the Department of Petroleum Resources (DPR) do not have formal authorisation to represent their chief executives, a situation which infuriated the committee members who refused to have any engagement with them unless their chief executives are present to address areas of interest in the probe.

Arik Air owes banks, others N387bn – AMCON

The Asset Management Corporation of Nigeria (AMCON) on Wednesday put the total debt of Arik Air at N387 billion, saying there is no way the carrier could have remained in profitable without the takeover of the business by government.
This came just as AMCON said it has injected over N1.5 billion into the troubled carrier since it took over on February 8, 2017.
The Receiver Manager of Arik Air, Oluseye Opasanya (SAN), disclosed this in an affidavit deposed to at the Federal High Court, Lagos.
He said the airline was indebted to many financial institutions, insurance companies, aviation agencies, aircraft lessors and other creditors for services rendered.
He said upon the takeover of the airline two months ago, there were no spares in the aircraft stores, a development that could have threatened the safety of its operations, save for the timely intervention of AMCON.
He said the new team at Arik Air is piqued by the unfolding rot still being discovered at the airline which was recently taken over by the Federal Government through AMCON.
He listed many infractions by the former owner of Arik Air to include unprofessional practice, huge indebtedness, non-existent records and lack of corporate governance, among others.