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The US-Africa Energy Summit 2017 to be held in Madison, Wisconsin, USA, on September 18-19, 2017, is a solution-driven summit that would offer firms and investors in the energy sector in sub-Saharan Africa the means and opportunities to seriously address the perennial shortage of electricity supply in their respective countries through collaborations and partnerships with US-based firms, funding from growth fund managers, and financial institutions that specialize in energy projects. In addition to these private sources of funding, federal and state governments in Africa, the World Bank, the IMF, and the Power Africa project led by the US government, have…
RATIONALE FOR THE SUMMIT The brutality and viciousness of recent terroristic and sectarian attacks on civilian populations in Nigeria, and around the world were previously unthinkable. The Boko Haram killings in Northern Nigeria, the be-headings by ISIS and their murderous assaults in Paris, and the Al Shabaab slaughters in Kenya, have compelled the international community, and Nigeria in particular, to rethink national security paradigms, prompting a reflection on the difficult questions of how, when and where the next deadly attack would occur. Mindful that modern terror groups now have at their disposal an array of vectors to choose from in…
Robert Orya, Former NEXIM Bank MD, Convicted of ₦2.4 Billion Fraud. The Economic and Financial Crimes Commission (EFCC) secured the conviction of Robert Orya, a former Managing Director of the Nigerian Export-Import Bank (NEXIM), for fraud involving about ₦2.4 billion. Orya served as Managing Director of NEXIM from 2011 to 2016. On November 25, 2021, the EFCC arraigned him before Justice F.E. Messiri of the Federal Capital Territory High Court in Abuja. He faced a 49-count charge. The charges included: ● Criminal breach of trust ● Impersonation ● Misappropriation ● Official corruption ● Fraud (including obtaining money by false pretenses)…
Click here to download the PDF version of this journal John O. Ifediora A purposive thought of a united Nigeria necessarily engages an Orwellian DoubleThink, the conscious effort to hold two completely contradictory positions at once on an issue, and simultaneously believing in both. The nation-state of Nigeria was never designed to succeed as an organic entity that independently meets the needs, visions and aspirations of its varied citizenry. It could not have, even if the British who cobbled it together executed its formation with the best intensions. As is true with all colonized geopolitical territories within the muscular domain…
The international community aims to eradicate extreme poverty and to do so in a sustainable manner. This chapter suggests that climate change poses a major obstacle to this challenge. Climate-related shocks and stresses – from natural disasters to agricultural impacts and health shocks – already prevent households from escaping poverty.
Africa contains about one-fifth of all known species of plants, mammals, and birds, as well as one-sixth of amphibians and reptiles. These species compose some of the world’s most diverse and biologically important ecosystems such as savannahs, tropical forests, coral reef marine and freshwater habitats, wetlands and montane ecosystems. These globally important ecosystems provide the economic foundation that many Africa countries rely on by providing water, food, and shelter.
Fleet of luxury cars including Ferraris and Lamborghinis worth more than $20m are sold at auction after Swiss authorities seized them from son of Equatorial Guinea’s president in money-laundering probe.
• Auction house in Switzerland sells off 25 luxury sports cars including rare Lamborghini Veneno roadster
• Vehicles were seized from son of Equatorial Guinea’s president of 40 years, Teodoro Obiang
The massive devaluation of the Naira by the CBN has left Nigerians scratching their heads and each others head. As they ponder the fate of the Naira, and why so many on fixed income see a rapid erosion of their purchasing power, the Council now feels compelled to provide elucidation. While this effort may not provide any relief of collective anxiety, it should provide a sense of direction.
It is now virtually certain that Australia and the world will experience significant climate change over the next century, as a result of human-caused emissions of carbon dioxide (CO2) and other greenhouse gases.