NIGERIA JOINS MIDDLE INCOME COUNTRIES

Monday, November 29, 2010

When the World Bank last classified countries along income lines in 2007, Nigeria was listed as a low income country. However, the latest classifications have now come out in the Migration And Remittances Factbook 2011, and Nigeria is now considered a middle income country.

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NIGERIA: 2011 ELECTION SCHEDULE

Wednesday, November 24, 2010

Nigeria's Electoral Act became law on August 20th, 2010. Despite that months passed with no information on when the 2011 elections would take place. After much uncertainty however, Nigeria's Independent National Electoral Commission (INEC) finally revealed the dates for the country's upcoming elections.




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NIGERIA'S CORRUPTION FATIGUE

Monday, November 22, 2010

There is no doubt that corruption is one of Nigeria's most challenging issues. This is because, corrupt practices are intricately woven into every one of Nigeria's problems. Kidnappings for instance, would not be as much of a scourge if many in the police force , who are charged with protecting citizens, did not take bribes to either protect kidnappers and/or did not demand bribes to help citizens retrieve their loved ones. Similarly, the electricity sector would not be in such demise if politicians and officials did not steal money meant to buttress power as revealed by the power probes of 2008. These examples of how corruption contributes to national malaise come a dime a dozen. Consequently, it is no surprise that many Nigerians now experience corruption fatigue - whereby people still worry about corruption, but are simply exhausted by the sheer magnitude and impact of corruption on their daily existence. That exhaustion, in turn, disables the ability to be shocked and awed by recurring corruption scandals. 

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AKUNYILI VS. 'NAIJA': MISPLACED PRIORITIES

Wednesday, November 17, 2010

It took everything in me to contain my disgust and disappointment at reading that Dora Akunyili's latest opponent is the term 'Naija'. Akunyili is Nigeria's Minister of Information and the nation's rebranding czar. She was once widely known as a champion of he people for standing up to importers and sellers of fake drugs and other items. Unfortunately, she is now also known for sometimes making inappropriate outbursts such as those made during the underwear bomber scandal that almost jeopardized already tense Nigeria-US relations. And now, Akunyili has set her sights on 'Naija' in what can only be further evidence of failed Nigerian leadership.

N. Naija until i die.jpg

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NIGERIA: TOP 10 REMITTANCE COUNTRY, AGAIN (2010)

Friday, November 12, 2010

In 2009, Nigeria received $10 billion in remittances from citizens living in the diaspora. One year later, the country is in the top 10 of remittance-recipient countries, having again received at least $10bn from the diaspora.

 

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NIGERIA'S AMENDED CONSTITUTION IS INVALID

Wednesday, November 10, 2010

Nigeria's constitution was amended earlier this year. The amendment process required the participation of all 36 state legislative bodies and governors. Additionally, the 360-member House of Representatives & the 150-member Senate equally wrestled with the contents of the modified document. And in July 2010, an amended Constitution was created. Unfortunately, the final document was not presented to the President for his signature and as a result the validity of the amended constitution became questionable. As such, the former head of the Nigerian Bar Association (NBA), Olisa Agbakoba, sued to force the National Assembly to present the amended constitution to the President in August 2010. The NBA also filed its own suit on similar grounds. On November 8, 2010, a Federal High Court in Lagos declared that the amended Constitution is invalid without the President's signature.



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MEND ACTIVITY & DIVESTMENT IN NIGERIA'S OIL SECTOR

Monday, November 8, 2010

After months of relative calm in the creeks of the Niger Delta, the Movement for the Emancipation of the Niger Delta (MEND) opted to recommence its offensive with a bang. As such, on October 1st, 2010, MEND set off two car bombs during Nigeria's 50th independence celebrations. Since then, the militant group has attacked various pipelines and continued on a violent quest to interrupt oil production, Nigeria's main source of income. But, recent events by certain oil majors begs the question of whether MEND is beginning to have it's intended effect of making Nigeria an unpalatable location for foreign companies seeking to make money from the country's sweet crude.


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THE POLITICS OF WATER: RIVER NIGER

Monday, November 1, 2010

What is a country to do when an important water source is to be dammed upstream? 

The River Niger is to Nigeria what the River Nile is to Egypt. It feeds various estuaries and waterways that in turn nourish the lands that feed Nigeria. In fact, the country gets its very name from the river. In addition, the river also fuels a dam that is an essential part of Nigeria's electricity network. As the country is experiencing power problems and aims to improve the power sector, plans by neighboring countries to manipulate the flow of the Niger can negatively impact Nigeria's future electricity aspirations. And, the Nigerian government has announced it's intention to stop these developments.

 

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