Tag Archives: Nigeria

A rabblerouser like Nnamdi Kanu cannot hijack our genuine struggle for a new Nigeria – Patrick Osagie Eholor

Says, ‘We will flush out all the bad leaders’

The Indigenous People of Biafra (IPOB) leader, Nnamdi Kanu cannot come in disguise to hijack the genuine #endsars protest. We will not allow him to do that. People fought for one Nigeria. We are going to remain one Nigeria. Our problem is not about tribe or ethnicity. Our problem is about bad leadership. Now the people have finally wake up to say they want their right because their right is their life. That’s what we should focus on not on Nnamdi Kanu. For me, I don’t take him serious. If you’re a serious person who wants to agitate for your people you should be here for the struggle just like as I am here for the struggle. That’s what they call a patriot and a democrat. Kanu is just a rabble-rouser.

You reap what you sow. Tinubu has not been a good person. He is finally reaping what he sowed. He is not the only thief we have. But the problem we always have in Nigeria is about ethnicity. When we were pursuing Abacha, the northerners would say “is it only Abacha that stole?” A thief is a thief. Tinubu is a thief. He has been taking money and milking the Nigeria citizens. That’s what has finally caught up with him. I have no sympathy for him. And don’t forget that most of these people are going to pay a very severe price especially for those who are there now who have not condemned the justification of the military shooting the unarmed civilians (at the Lekki Toll Gate).

Let me tell you, Nigeria is going to be a pacesetter because the world is watching Nigeria. I can assure you the commander, President or whoever gave the order(to shoot) because soldier doesn’t shoot without order. They are all going to the Hague. The International Criminal Court of Justice(ICCJ) and they are going to spend time with Charles Taylor(former Liberian President) and other notorious criminals who are already there (in jail). That’s going to be their last vacation point. Believe me. It is never going to be business as usual.

Let me come back and focus on Edo State. We saw Governor Godwin Obaseki and his security team patrolling everywhere which is commendable. It is good for our safety. Most of the soldiers are zombies same with the police. That’s why we want the police to be reformed. So, Obaseki patrolling the town with security agents cannot solve the problem. We don’t want the massacre that happened in Lekki to happen in Edo State. What he should do is to engage the people, not through Crusoe Osagie(the Special Adviser on Media and Communication Strategy to the Edo State Governor). We don’t need Crusoe to talk to us. We need the man we voted for to come and address the people. You will see the likes of Donald Trump who has issues with Americans, taxation, election rigging, Chinese, Covid-19 etc still address the press on a daily basis. When was the last time Godwin Obaseki addressed the press? There is what they call Meet the Press when you have to talk to the press and the press have to transmit what you are saying to the citizens to them. I am not the governor of this state but I speak more than the governor authoritatively.

Yesterday, I had a confrontation with the military men. They were going to whip me and I said they cannot do that as they’re going to repeat what happened in Lekki here. Soldiers are supposed to defend our sovereignty. They’re not supposed to police us. Police are supposed to police the people and the people are supposed to police the police. That’s the right thing in an ideal society. But because we have lost it here we don’t know what we’re doing. Thank God that finally we are going to flush out all the bad leaders. We don’t have environmental disasters. What we have over time is leadership disaster. Now, people are ready to take back power because power belongs to the people.

Patriot Patrick Eholor is the founder of One Love Foundation, a civil rights group advocating for a better Nigeria.
Over the years, One Love Foundation has taken proactive steps towards the reform of the Nigerian Police.

Nigeria is Doomed, Sitting on Time Bomb, says MASSOB

The Movement for the Actualization of the Sovereign State of Biafra (MASSOB) described the deteriorating situation of Nigeria as irredeemable and cancerous.

In a Press Statement signed by its leader Uchenna Madu, MASSOB said that the parasitic virus affecting the Nigerian state has eaten so deep into her bones and marrows and has left it permanently on a sick bed.

It read “Nigeria as an entity can no longer stand up or walk around. Nigeria is doomed forever. Nigeria await the explosion of her time bomb.

“The current End SARS protest going on in the southern and Middle Belt regions, ravaging the already dead entity called Nigeria is just the beginning of the end of the remaining carcass of Nigeria. The protest have exposed the beneficiary of the criminal activities of police SARS and Aso Rock SARS.

“President Mohammadu Buhari and his Fulani cabals are the real and dangerous SARS terrorizing the southern and Christian dominated Middle Beltan regions.

President Mohammadu Buhari, his fulanistic cabals, Chief of Army staff, Chief of Naval staff, Chief of Air Staff, Chief of Defense Staff, Inspector General of Police, Comptroller General of Nigeria Custom Service, Comptroller General of Nigeria Immigration service, the Senate president, Speaker of National Assembly and MIyetti Allah are the real and original SARS like that are terrorizing the citizens and also making public caricature of the Nigeria state.

“MASSOB reminds the youth of Southwest, Southeast, Southsouth and North Central (Middle Belt) that their counterparts from Arewa land (Northeast and Northwest) are the real beneficiaries of president Mohammadu Buhari’s partial governance. We must keep the tempo of this constitutional and legal protest. It is our inalienable rights and heritage.

“Nigeria can never be redeemed again, president Mohammadu Buhari has finally buried the remaining carcasses of Nigeria with his primitive fulani terrorist agendas. His Fulani terrorist activities unleashed against the rest of indigenous ethnic people has awoken the spirit and consciousness of their future survival and existence.

“The high spirits of self determination has engulfed the people of Middle Belt, Southwest, Southeast and South south regions respectively. President Mohammadu Buhari remains the last president of Nigeria.”

Comrade Uchenna Madu,
Leader of MASSOB.

Nigeria: Days of Crude Oil Are Numbered – Govt

STRONG indications emerged Monday that hardship looms in Nigeria following the nation’s over-reliance on oil as the Federal Government has raised the alarm that the days of crude oil are numbered.

According to the Federal Government, it has become imperative for Nigerians to start making effective utilization of its oil wealth when it matters most before the commodity becomes worthless.

Speaking Monday in Abuja at an interactive meeting with the leadership of the National Assembly, Minister of State for Petroleum, Timipre Sylva cautioned that based on a forecast in the global oil industry, oil will in the next 20 years become less relevant in the global energy mix as the world looks beyond oil and seeks alternative sources.

The meeting, which was presided over by the President of the Senate, Senator Ahmad Lawan, with the Speaker, House of Representatives, Femi Gbajabiamila and other leaders of the National Assembly in attendance is aimed at discussing the details of a draft copy of the Petroleum Industry Bill(PIB).

Sylva who pleaded that Nigeria should make use of the best of the remaining days of the relevance of petroleum in the global market, however, sought the cooperation of the National Assembly for speedy passage of the Petroleum Industry Bill ( PIB) forwarded to both the Senate and the House of Representatives.

The Minister who spoke on the intendment of the bill said that having wasted 20 years in putting in place required laws for the regulation of the oil industry, the country needs to quickly pass the PIB to make the best of investments from the sector before 2040, already forecasted for 50 per cent loss of relevance of crude oil in the global market.

The Minister said: “It is quite unfortunate that since the year 2000 when attempts were made to come up with a draft copy of PIB, to 2007, 2009 and 2012 when draft bills were submitted to different sessions of the National Assembly by the executive arm of government without passage, up till 2018 when the legislators came up with one; that we are yet to put on the ground required laws for effective regulation of the oil industry.

“Twenty years have been wasted in putting the laws in place for a sector that has 20 more years of full relevance going by forecasts already made.

“Forecasts in oil industry circles indicate that oil will play less and less role in the global economy.

“Specifically, by the year 2040 which is 20 years away, the relevance of oil in the global economy will reduce by 50 per cent”

According to Sylva, the PIB as drafted and passed to both Chambers of the National Assembly, if expeditiously considered and passed, will serve as the foundation of investments, adding that one of the central aims of the bill, is to make Nigeria an attractive investment destination.

He warned saying, “The days of oil are numbered; deposits of coal did not run out before the world moved away from it. Today the world is talking about alternative energy and we should also move we should take advantage of making hay while the sun shines.”

Earlier in his opening remarks, the President of the Senate, Ahmad Lawan, said that though the PIB seemed to be jinxed since 2007 and 2019, the fresh effort will surely see the light of the day, adding that it is difficult to put a time frame on when the jinx would be broken through the passage of the bill because details of its contents must be understood and thoroughness applied in its consideration.

Lawan who disclosed that President Muhammadu Buhari’s communication will be read today said that the Ministry must be around to educate the National Assembly on the content of the Bill, adding, “the essence of this meeting between the leadership of the National Assembly and officials of the Ministry of Petroleum and NNPC is to discuss the essence and focus of the Petroleum Industry Bill that has been sent to the National Assembly about two weeks ago.

“We announce that the Bill is now in the National Assembly even though it is not before the National Assembly. By tomorrow when the letter of transmission is read on the floor of the Senate and House of Representatives, we will know what it is the Bill.

“The essence of this meeting is for us to understand what is in the Bill. That is the essence and purpose of the meeting.

This is just for us to interact with you on the content of the Bill so that we have some first-hand information, understanding, and idea of what is in there and of course from there the interaction will continue maybe at another level with our committees for the processing of the Bill by the National Assembly leading to its eventual passage by the grace of God.

“The PIB is said to be jinxed. Actually for a long time, roughly from 2007 to 2019, it was either the Bill was sponsored by the executive and not passed by the legislature as was the case in 2007 and 2011 in the 6th and 7th Assembly.

“In the 8th Assembly, the legislature sponsored the Bill by breaking it into three Bills which were passed but there was no assent.

Now the Bill is an executive Bill sent to the National Assembly. The two chambers promised even during our campaigns that we want to break that jinx.

We want to see an oil industry in Nigeria that is properly regulated and that does not only sustains the investments we have but attract even more investments. We want to see an oil industry that is very competitive and oil resources that are beneficial to Nigerians.”

Speaking in the same vein, the Speaker of the House of Representatives, Hon Femi Gbajabiamila, said that though the bill will be considered and passed speedily, thoroughness will not be sacrificed.

Gbajabiamila said, “Oil represents the livewire of our Nigeria’s economy, making the PIB the most important piece of legislation that will come out of the 9th National Assembly in months or years to come.

“We will pass the bill speedily, but not sacrifice thoroughness at the altar of speed. We have assembled a crack team of legislators who are versed in the workings of the industry.”

Vanguard

BREAKING NEWS! Biafra & Ambazonia groups hold talks for freedom from Nigeria and Cameroon

By Dennis Agbo (Vanguard)

THE Biafra Nations Youth League, BNYL, has formed an alliance with Southern Cameroon’s separatist group, Ambazonia, in pursuant to secession from their respective countries to become independent nations.

Arising from BNYL’s convention in Enugu, during the weekend, attended by representatives of Cameroon’s Ambazonia, BNYL leader, Princewill Chimezie said that the collaboration of the two agitating groups had been on for a long time but was being re-engineered to give stronger voice for their self-determination pursuits.

Chimezie disclosed that the Enugu convention was predicated on how to re-strategize and encourage self-defense mechanisms for Biafrans and Ambazonians in the escalating security challenges facing the people of Eastern Nigeria and Southern Cameroon.

He noted that BNYL was a multi-national pro-Biafra group whose membership were drawn from all the ethnic nationalities in the former Eastern Nigeria that were parts of the defunct Republic of Biafra led by General Chukwuemeka Odumegwu-Ojukwu between 1967 and 1970.

Chimezie said: “We resolved to defend ourselves by any means possible and we are not afraid to say that because we can’t continue to sit down and watch enemies massacre our people. I am afraid we may resort to guerilla movement.

We have been most prominent in the Bakassi areas where we developed partnership with Ambazonia because we found out that Biafra has a similar problem with southern Cameroon.

“Ambazonia needs our help just as we need theirs. We have both had affinity to achieve independence in different ways and the collaboration is meant to hear one another’s cry.”

One of the Ambazonia’s representatives and President of Universal Negro Improvement Association, UNIA in Calabar Cross River state, Comrade Enow Arrey said he was a refugee in Nigeria because of the horrible killings of Ambazonians in Southern Cameroon.

Arrey said: “I found out that my brothers in Nigeria have the same problem with Southern Cameroon people.

My mission is to speak that Africa has the right to decolonize their place. We’ve decided that our people must be one as they were before colonization.

“UNIA will support the Biafra movement before we can deserve respect. We are fighting for peace in Cameroon and if that peace needs a separate state, we will do that.

The peace is either for federalism or separation, just like we are in support of self-defense.”

6 top oil servicing companies in Nigeria. Number 4 will shock you!

Ten years ago, on the 2nd of April 2010, the Nigerian Local Content bill received presidential assent and thus became a law to provide for a framework that would guide indigenous content and participation in the Nigerian oil and gas industry.

The law also provided for the establishment of the Nigerian Content Monitoring Board (NCMB), charged with the responsibility of managing the coordination, monitoring and implementation of the new local content law.

The law also provided for the establishment of the Nigerian Content Monitoring Board (NCMB), charged with the responsibility of managing the coordination, monitoring and implementation of the new local content law.

Why did Nigeria need a local content law? The quick answer is that the Nigerian oil and gas industry had matured with a thriving marginal field regime run by Nigerians and it was time for the service industry to open up to Nigerians as a means of further increasing indigenous participation in the sector by prescribing a minimum threshold for the use of local services and materials while promoting technology and skill transfer to Nigerians in the industry.

To put this in context, before the coming of the local content act, the oil services industry was almost the exclusive preserve of the top 3 – Schlumberger, Haliburton and Baker Hughes with a handful of Nigerian companies providing ancillary support services.

The act however states that “(1) Nigerian independent operators shall be given first consideration in the award of oil blocks, oil field licences, oil lifting licences and in all projects for which contract is to be awarded in the Nigerian oil and gas industry subject to the fulfilment of such conditions as may be specified by the Minister.

(2) There shall be exclusive consideration to Nigerian indigenous service companies which demonstrate ownership of equipment, Nigerian personnel and capacity to execute such work to bid on land and swamp operating areas of the Nigerian oil and gas industry for contracts and services contained in the Schedule to this Act.

Ten years after the signing into law of the act, a consideration of the oil services industry will indicate the emergence of thriving, technologically savvy and financially stable Nigerian companies treading where only foreign companies dared to tread many years before.

These companies have become veritable local content champions and this piece focuses on the Top 6 in no particular order.

AOS Orwell:
The company has over 30 years’ experience in oil well construction, Process Automation, instrumentation & control; OCTG, Conductor Casing & Machine Shop Services in Nigeria. Formed in 2011 as a result of a merger between Africa Oilfield Services (AOS) and Orwell International Limited, the company has grown her capacity and is now offering numerous products and services. The company is able to deliver based on its unfettered access to the world’s best technology through long-standing relationships with world class OEM’s such as Emerson, Tercel, EATON, 3P, and others, as well as robust local content expertise gained through its investment in Nigeria.

Tecon Oil Services:
A wholly indigenous company, Tecon was originally set up in the Isle of Man as a company controlled by an American Investor group through Alliance Oil of Houston, Texas. Tecon became a 100% Nigerian Company through acquisition in 1991, whilst still retaining its Isle of Man identity. Tecon is a leader in the business of Oilfield Equipment Rentals and Provision of such specialized services as Oil Well Fishing, Casing and Tubing Running, Oil Well Snubbing/Hydraulic Work-over Services, Machine shop/Tool fabrication and Redressing e.t.c.

Ciscon:
Established in 1986, Ciscon now operates from offices in Port Harcourt, Warri, Lagos and Houston. The company provides geological, engineering, training and consulting services in addition to its core oilfield service lines. Ciscon’s Quality Management System conforms to ISO 9001:2008, ISO TS 29001, API Spec Ql having been duly certified by the American Petroleum Institute (API).

Century Energy Services Limited (CESL) is Nigeria’s leading oil and gas service company and has operated in Nigeria and the West African sub-region, since 2002. CESL, a member of the Century Group is one of the largest providers of O&M services, executed in conjunction with partners in the Gulf of Guinea. CESL provides training and manpower services as well as community liaison and logistics support for FPSO operations and other IOCs operating in the Niger Delta.

A true Local Content Champion, Century Energy Services Limited is the only indigenous company in Nigeria that wholly owns two (2) FPSOs. CESL is expanding its operations beyond the West African Coast while carving a niche in the global market. The company offers a range of services to the oil and gas industry in Nigeria including: Operation and Maintenance (O&M) of offshore production and storage facilities including EPS, FPSO MOPU, FSO and Drilling Rigs/Jack up; Operation / Maintenance of Flow Stations; Drilling / Drilling Support Services; Field Development Solutions; Engineering, Procurement, Construction and Installation (EPCI) of Oil and gas facilities; Mooring and Installation; Chartering and Management of Offshore Support Vessels, Anchor Handling, Tug Supply Vessels, Platform Supply Vessels, Utility Vessels, Accommodation Barges, Fast Support Intervention Vessels, Crew boats, Procurement and Materials Supply services, Offshore and Onshore Logistics Support Services, Training and Manpower Development, Community Affairs, Bunkering Services and Tank Farm Operations.

Hydroserve:
This indigenous oil services company began operations in the year 2000 in the oil rich Niger Delta area of Nigeria. The company was founded as a result of market demand for a nimble and innovative service provider capable of quality and superior service delivery to the oil and gas industry.

Hydroserve has morphed from an indigenous company in Nigeria into an international company with subsidiaries in the West African region. Committed to the highest standards of safety, efficiency, ethics, and social responsibility, Hydroserve has demonstrated itself as a serious organization through its investment in personnel, equipment, facilities, as well as appropriate business operating systems, processes and procedures.

Petrok Oil And Gas Services Limited:
A project support company registered in 2012, Petrok Oil and Gas Services Limited focuses on reducing clients’ risks by providing Manpower Supply and Development, Equipment/Material Supply Services, Marine Vessel Supply and Offshore Operations, Heavy Duty Equipment Supply & Maintenance and Technical Consultancy Services. Petrok Oil and Gas Service Limited provides services to clients in the Oil & Gas industry, Energy, Engineering and others. Petrok Oil And Gas Services Limited focuses on ensuring that clients get value for their money by leveraging on their comparative advantage which enables them save money and time by outsourcing needs to a highly efficient and skilled team.

Intl Youth Day: The Way Forward for Nigerian Youths -Patrick Eholor

The world celebrated the 2020 edition of International Youth Day a few days ago, amidst the pandemic.

President of One Love Foundation, and civil rights defender, Comrade Patrick Eholor in this interview, enumerates ways through which Nigerian youths can positively move forward.

The International Youth Day (IYD) has been celebrated across the globe including Nigeria, what is the Day to you?

The day is a day of sober reflection. It’s a day the word ‘betrayed’ shows on my face, it’s a day that it dawned on me how much the so called political elites have robbed the youths so blindly.

What do you think is the missing link in youth development in Nigeria?

The missing link is that the politicians hasn’t shown any manner of patriotism to this our beloved country, so the youths now also believe in getting rich quick without showing any sense of patriotism to the country.

Nigerian youths over the years have been relegated to the back-bench in the scheme of things, and are only used and abandoned or dumped, what can One Love Foundation do to assist young people stop the trend?

One Love Foundation will help in the area of public awareness to reassure them that Nigeria belongs to us all, and they should stop making themselves available for election malpractices, and also reassure them that what isn’t worth living for isn’t worth dying for.

I have advised the youths to go out there and vote for a candidate that the believe in his agenda and manifestos and also discourage them not to take the part of violence and election rigging because this election war they didn’t start it and they won’t end it. If there’s any reason to cause any civil disturbance, the politicians’ children should be at the forefront because they are the beneficiaries.

What is your vision and aspiration for young people in Nigeria?

Young people in Nigeria are very smart and blessed. When they leave this country, they excel in all ramifications. We don’t suffer natural disasters like earthquake, but one thing is for sure we’ve always had leadership disaster.

What advice do you have for young people in Nigeria?

My advice is that a better Nigeria is possible. They should get involved in politics both the men and women, otherwise they will end up having these old brainless men and educated illiterates and thugs to govern them.

You have been in the vanguard to ensure Nigerians live a better life with the abundant resources God has blessed this country with, what is your message to parents, political and public office holders, traditional rulers, community leaders, religious leaders, academic leaders in giving a better future to young Nigerians?

My advise to them is to support my campaign for capital punishment, public execution for those who steal our common patrimony whether it’s the police, military or even civil servants so they can take a clue from the Chinese government whose exploiting the whole world today because if not for the capital punishment the Chinese government chose the whole world would have been in crisis.

If the UK can feed school children during lockdown, why can’t Nigeria? – Onyema Dike

A June 12 report by the BBC informs us that – “About 1.3m children in England will be able to claim free school meal vouchers in the summer holidays, after a campaign by footballer Marcus Rashford.

The Manchester United forward, 22, welcomed the six-week voucher for eligible children, saying: “Look at what we can do when we come together.”…Prime Minister Boris Johnson praised Mr Rashford’s “contribution to the debate around poverty”.

The Manchester United forward, 22, welcomed the six-week voucher for eligible children, saying: “Look at what we can do when we come together.”…Prime Minister Boris Johnson praised Mr Rashford’s “contribution to the debate around poverty”.

During the Coronavirus lockdown the government was providing food vouchers to families whose children qualify for free meals. But the UK government had insisted that free meals would not continue outside of term time.

Rashford’s campaign led to a policy U-turn with the UK prime minister directing that vouchers be provided to indigent families outside school term and during the summer.

In the UK, this special Covid-19 intervention is called the “Covid Summer Food Fund” while in Nigeria a similar initiative has been dubbed the modified Home Grown School Feeding Programme and was launched in Abuja on May 14, 2020 following a presidential directive asking the minister of Humanitarian Affairs, Disaster Management and Social Development to come up with strategies to keep school children fed during the lockdown.

Following the presidential directive the minister held wide ranging consultations with the Nigerian Governors’ Forum following which it was resolved that Take Home Rations remained the most viable option for feeding children during the lock down.

That collective decision based on a presidential directive to feed school children while at home during the pandemic seems to have become an albatross around the neck of the Honorable Minister Sadiya Umar Farouq with many traducers asking why and how school children were fed while others have bandied around figures with some alleging that N697m is being spent daily to feed “invisible’ school children.

Before we go further and because money is always at the root of many contentions let us make a quick comparison. In the UK, school children on the “Covid Summer Food Fund” get weekly food vouchers worth £15. That comes to £60 per month or N30,402. In Nigeria, the primary school pupil enrolled on the school feeding programme gets free meal worth N70 daily. Multiply that by 20 school days per month and you have N1,400.

Sadiya Umar Farouq addressed what she described as “rumours and innuendos and speculations around one of our key interventions; the Home Grown School Feeding Programme” during her briefing at the Covid-19 Presidential Task Force on August 3, 2020.

Reeling out figures and proof to show how the programme was prosecuted she noted that “it was a joint resolution of the ministry and the state governments to give out Take Home Rations and the stakeholders also resolved that we would start with the FCT, Lagos and Ogun states as pilot cases. Each Take Home Ration is valued at N4,200 and that figure was not arrived at without proper consultation. It was not invented.”

At this juncture it is pertinent to consider two core issues attackers of the minister have with the modified school feeding programme.

The first is why feed children during the lockdown? The answer is a simple one. The president made a directive and because ministers serve at the pleasure of the president they are bound to obey directives. While that may well be the case it is important to note that Nigeria is not the only country offering Take Home Rations during the lockdown. Liberia was and the UK too.

The second issue is that of cost and a lack of comprehension amongst so called critics and commentators. The ministry had noted in a press release that it was targeting a total of 3,131,971 households under the modified Home Grown School Feeding. Using that number and the cost of N4,200 per Take Home Ration a figure of N13,154,278,200 was arrived at but what the so called critics failed to realise is that it was a target but the programme has only run in the FCT, Lagos and Ogun States and impacted only 124,589 broken down as follows: FCT 29,609, Lagos 37,589, Ogun 60,391.

If 124,589 households were impacted in 3 states at a cost of N4,200 per Take Home Ration we would be looking at a total figure of N523,273,800 far below the figures being bandied around without any iota of proof.

The case of the UK is particularly interesting because it is not a poor African country neither is it a 3rd world country. So, why is it giving out food vouchers? Because governments around the world have recognized the need for school children, especially the vulnerable, to get adequate nutrients for physical and mental development. Giving them food has also been identified as key to keeping them in school and reducing absenteeism caused by hunger.

Finally, isn’t the figure of half a billion naira too much? Well, the first thing to consider is that if there was no Covid-19 and children were still in school, they would be getting free meals but as things stand only a fraction of the budgeted sum has been spent.

But ultimately the question we may have to ask ourselves is why is it that a British child gets N30,000 per month in free meals while his Nigerian peer gets a mere N1,400. Shouldn’t we be up in arms?

Onyema Dike, a public analyst wrote in from Lagos

No contract clause cedes Nigeria’s sovereignty to China-Chinese Foreign Ministry

The Chinese Foreign Ministry, on Monday, denied that China had any clause in its loan contracts ceding Nigeria’s sovereignty to China. Recall that last week members of the House of Representatives claimed they had uncovered clauses in a loan obtained by Nigeria from China that conceded Nigeria’s sovereignty to China.

But the Minister of Transportation, Rotimi Amaechi, had said he was ashamed that people can’t understand that the clause ‘waiving sovereignty’ in China’s loan agreement with Nigeria is only a contract term, a sovereign guarantee that assures payback according to the terms and conditions of any loan.

Amaechi made the clarification while answering questions about the loan controversy on a TV programme. He had also explained that the Nigerian government has the capability to pay back loans collected for the construction of rail projects within the stipulated period of 20 years.

However, explaining the Chinese loan on Monday, its Foreign Ministry, in a statement, said: “We follow a ‘five-no’ approach in our relations with Africa: “No interference in African countries’ pursuit of development paths that fit their national conditions; no interference in African countries’ internal affairs; no imposition of our will on African countries; “No attachment of political strings to assistance to Africa; and no seeking of selfish political gains in investment and financing cooperation with Africa,” the ministry quoted President Xi Jinping, as saying at the FOCAC Beijing Summit in 2018.

The Foreign Ministry said: “China is committed to enhancing investment and financial cooperation with African countries based on their needs to help them improve infrastructure and extradite socio-economic development.

“By funding infrastructure and other areas that lag behind for short of money, we have helped the relevant countries break bottlenecks, enhance their capacity for independent development, realise social and economic sustainable development, and improve people’s livelihood.

“Such cooperation has delivered tangible benefits to African countries and peoples.

“In the process, China always gives full consideration to debt sustainability and seeks mutually-acceptable proposals through equal and friendly consultations.

“That is the fundamental reason behind the enormous popularity of China-Africa cooperation in Africa.”

We’re Not Leaving Nigeria: ShopRite Debunks Exit Rumours

Africa’s biggest grocery retailer ShopRite has debunked rumors making the rounds that they’re quitting Nigeria. The news broke during the early hours of Monday, August 2nd stating that ShopRite was packing up operations within the country.

This development was attributed to a sharp plummet in sales, resulting from the Covid-19 pandemic.

However, Shoprite Nigeria has now refuted the information, saying there is no truth in it. In a phone conversation with Vanguard, the country director for Chastex Consult, Ini Archibong, in a telephone conversation with Vanguard, said:

“We have only just opened to Nigerian investors which we have also been talking to just before now. We are not leaving, who leaves over a $30billion investment and close shop? It doesn’t sound right. We only just given this opportunity to Nigeria investors to come in and also help drive our expansion plan in Nigeria. So we are not leaving.”

I have tried to say this as too many people as I can. There should be no panic at all and all of that. There is no truth in that report”.

In a now circulating statement from ShopRite Holding, the company had said it was changing its model of business and hinted at quitting its operations in Nigeria.

Part of the statement read:

“Following approaches from various potential investors, and in line with our re-evaluation of the group’s operating model, in Nigeria, the Board has decided to initiate a formal process to consider the potential sale of all, or a majority stake, in Retail Supermarkets Nigeria Limited, a subsidiary of Shoprite International Limited,” the company said in a statement”.

The news was greeted with distress from Nigerians as many are already grappling with unemployment and suspected exit may leave a staggering vacuum.

Breaking: Shoprite says its done with Nigeria, announces plans to leave

South African retail giant Shoprite has announced it is leaving Nigeria 15 years after it began operation in Africa’s most populous country.

In a statement on Monday, the Cape Town-based retailer said it has commenced a formal process to consider the potential sale of all or a majority stake in its supermarkets in Nigeria.

The company said the results for the year do not reflect any of their operations in Nigeria as it will be classified as discontinued operation.

“Following approaches from various potential investors, and in line with our re-evaluation of the group’s operating model in Nigeria, the board has decided to initiate a formal process to consider the potential sale of all, or a majority stake, in Retail Supermarkets Nigeria Limited, a subsidiary of Shoprite International Limited. As such, Retail Supermarkets Nigeria Limited may be classified a discontinued operation when Shoprite reports its result for the year,” the statement read.

International supermarkets (excluding Nigeria) contributed 11.6 per cent to group sales, and reported 1.4 per cent decline in sales from 2018.

South African operations contributed 78 per cent of overall sales and saw 8.7 per cent rise for the year.

Due to the coronavirus-induced lockdown, customer visits declined 7.4 per cent but the average basket spend increased by 18.4 per cent.

South African retailers have struggled in the Nigerian market and most recently Mr Price exited the market after Woolworths did the same six years ago.