Wednesday 30 December 2020

Obasanjo, Utomi, Other's New Year Message: FG Is Adopting Wrong Strategies To Address Nigerian Bad Economy

FG adopting wrong strategies to address bad economy – Obasanjo, Utomi, others

Punch Dec 30, 2020

Former President Olusegun Obasanjo on Tuesday said the country was not doing the right thing to improve its poor economy and tackle poverty.

The former president, who said this in his New Year message at the Olusegun Obasanjo Presidential Library, Abeokuta, Ogun State, cautioned Nigerian leaders to stop blaming God for insecurity, bad economy, poverty and other challenges confronting the country.

Obasanjo said this on Tuesday as the President, Major General Muhammadu (retd.), urged Nigerians to return to agriculture. He said the country’s oil industry was in turmoil.

But economic experts dismissed Buhari’s statement, saying government was not serious about diversification of the economy.

In November, Nigeria entered its second recession in five years. According to the National Bureau of Statistics, in its Gross Domestic Product report for third quarter, the GDP fell by 3.62 per cent in the three months to September. The GDP is the broadest measure of economic prosperity.

Obasanjo, who sent his New Year message to Nigerians in an interview with journalists, assessed economic strategies of government. He also explained how the country could improve its economy. He stated, “When we do the right thing; We are not doing the right thing now. When we do the right thing, the economy will be what it should be.”

The former president also advised leaders to stop blaming God for Nigeria’s woes. According to him, with enormous resources available in the country, Nigeria does not have to be poor and no Nigerian must go to bed hungry.

He described 2020 as a year of many challenges, but urged Nigerians to work and pray hard in order to achieve “a glorious 2021.”

Prayer must go with work –Obasanjo

Obasanjo said, “I like the motto of a school which says ‘work and pray.’ Some people say it should be ‘pray and work’, but it doesn’t matter to me in what order I put it, but prayer must go with work and work must go with prayer.

“And I believe we need to work hard in this country as we pray hard so that the coming year, the year 2021 will be a glorious year for us. But it will not happen unless we work to make it happen.

“We do not have to blame God for our situation. We have to blame ourselves. Nigeria does not have to be poor; no Nigerian must go to bed hungry. That we have a situation like that is a choice by our leaders and followers alike. My prayer is that God will make year 2021 a better year for all of us, but it will not happen without work.”

Describing 2020 as a challenging year, Obasanjo stated, “We have gone from one form of insecurity to bad economy and on the top of it is the COVID-19. Some people, either for insecurity or for bad economy or fo r COVID-19 have gone to the great beyond, I will say those who have departed, particularly in this year of challenges, may their souls rest in perfect peace.”

I will fight food inflation in 2021, oil industry in turmoil – Buhari

Also on Tuesday, Buhari said Nigerians must return to agriculture, saying the country’s oil industry was in turmoil.

Buhari also said his regime would fight food inflation in 2021, adding that Nigerians must be able to produce their food.

According to a statement by his Senior Special Assistant on Media and Publicity, Garba Shehu, the President spoke at the fifth regular meeting with the Presidential Economic Advisory Council at the Presidential Villa, Abuja.

The statement was titled “President Buhari: Government will wrestle food inflation in the coming year.”

Shehu quoted the President as giving his words that his regime would keep a keen eye on food inflation in 2021 while giving a directive to the Central Bank of Nigeria not to give any money for food importation.

He said Buhari directed that the CBN “must not give money to import food. Already, about seven states are producing all the rice we need. We must eat what we produce.”

The presidential aide said Buhari wondered where the country would have found itself in view of the devastating economic crisis brought about by COVID-19 if the country had not embraced agriculture.

The President stated, “Going back to the land is the way out. We depend on petroleum at the expense of agriculture. Now the oil industry is in turmoil. We are being squeezed to produce at 1.5 million barrels a day as against a capacity to produce 2.3 million.

“At the same time, the technical cost of our production per barrel is high, compared to the Middle East production.”

Buhari was also said to have emphasised the place of agriculture in the efforts to restore the economy but agreed that measures must be put in place to curtail inflation in the country.

“We will continue to encourage our people to go back to the land. Our elite are indoctrinated in the idea that we are rich in oil, leaving the land for the city for oil riches.

“We are back to the land now. We must not lose the opportunity to make life easier for our people. Imagine what would have happened if we didn’t encourage agriculture and closed the borders. We would have been in trouble,” the President added.

According to the statement, the meeting, which was for a review of, and reflections on the global and domestic economy in the outgoing year, was attended by the Vice President Yemi Osinbajo, as well as ministers of finance and humanitarian affairs. It agreed on a number of measures.

The statement read, “In specific terms, it noted the sharp deterioration in international economic environment and its impact on Nigeria’s continuing but fragile economic recovery; that Nigeria’s economic growth continues to be constrained by obvious challenges including infrastructural deficiencies and limited resources for government financing. It emphasised the need to make the private sector of the economy the primary source of investment, rather than government.

“The meeting reviewed progress towards structural reforms in response to the economic crises, including the institution of the Economic Sustainability Plan, the changes in electricity tariff and fuel pricing regime, the partial re-opening of the Land Borders, the movement towards unification of exchange rates and budgetary reforms through Finance Bill 2020 and 2021.”

Govt not serious about diversification – Utomi

Meanwhile, economic experts have dismissed Buhari’s promise to tackle food inflation and encourage agriculture next year.

A Nigerian professor of political economy and management expert, Pat Utomi, said the government plans for diversification had become a refrain, something he said he had been hearing since he was a graduate student in the 1980s.

He noted that the government had always been insincere about a diversification plan from oil.

He said, “This refrain about agriculture has been going on for at least 35 years that I know of. As a graduate student in America in the 1980s, I was at the airport in New York and I saw Times Magazine and News Week had the same headline that oil prices as a result of the Iranian revolution had crossed the mythical $40 per barrel that was not possible.

“Within a few months, oil prices began to crash again. The economy was in a serious crisis in 1982 and at a time, Nigeria did not sell any barrel of fuel again.

“Over those years, the refrain of the Nigerian government has been to diversify away from oil and every year, nothing serious was done about it. You know when a country is going by a long term vision, then you will deduce if it will be dominant in the world.

“Nigeria never managed to put any prospective plan that will show a future to be built on the agricultural value chain. So whenever, I see a budget speech, I just decide that we are jokers and not serious about where we are going.

“The basic logic is that those who have run Nigeria are revenue driven, seeking easy cash to do the little they can and move on. There is nothing futuristic in the plan of Nigeria.

“Whenever there is a crisis like the times we are in now, we hear talks of diversification. The moment there is a rise in oil prices, we return to our bad habits.”

Suggesting a way forward, the professor said the citizens should get serious and honest people to rule.

We are facing hunger, insurgents dislodging farmers – Mailafia

On his part, a former Deputy Governor of the CBN, Dr Obadiah Mailafia, said it was no longer sustainable for the country to rely heavily on crude oil revenues.

He said, “That model is no longer going to work. Our public finances are on the verge of collapse. So, in that sense, I agree with the President on the urgency of what needs to be done. But by just saying that we should all go back to agriculture, it is a mantra that we have been hearing over the years and it is no longer interesting.

“Many farmers are finding it difficult to go back to their farms because of rural banditry. Just recently, we saw how insurgents slaughtered many farmers in Borno. What we are facing is looming hunger. There is hunger in the land. Food prices are getting out of control; the supply side is affected.

“Secondly, I think it is too simplistic to say, ‘Go back to agriculture.’ The kind of agriculture we are doing is not even sustainable. What will save this country is an agriculture-led mass industrial revolution that engages surplus labour both in the rural and urban areas through the process of industrialisation using agriculture as the base.”

Mailafia stressed the need for rural infrastructure, such as roads, rail and power, as well as access to affordable inputs, affordable credit and institutional support services.

A professor of Economics at the Ekiti State University, Abel Awe, described the budgetary allocation to the agriculture sector as “abysmally low”.

He asked, “Who are the people that will go to farms? What stimulate packages does the government have to encourage them to go back to agriculture? If they are ready to go to farms, is the government ready to create the enabling environment? What of the issue of insecurity and harassment by herdsmen?

“People cannot go farms these days because of insecurity. The President said we should go to farms; has he addressed the insecurity there? We say people should go to farms; how secured are the farms now? Look at the Middle Belt now which is the food basket of the nation; do you do agriculture in a terrible environment?”

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N;B

(1) The plots for hostel at amaokpala treckable to oko polytechnic school are as follows :

#8m, #7m, #6.5m, #6m, #5m, #4m, #3.5m. Depending on the location

(2) The plots for hostel at ifite, awka, closer to unizik school are as follows : #12m, #10m, #9m,

#8m, #8.5m, #7.5m, #7m.

NOTE :

Some are before school gate area and also after school gate area, ifite, awka.

Also...some of them can be negotiated

[10/29, 9:09 AM] Aguluezechuk Chuks Latest: 2 plot fenced with gate behind CBN/Roban stores area, green tower junction nodu, Awka. Its on the tarred road. Very good for residential ( duplex or block of flat), plaza, eatry, hotel or any other commercial purpose.

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Title: C of O

Price: #320m Asking

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Title: C of O

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[10/29, 9:09 AM] Aguluezechuk Chuks Latest: There's 3plots of land reside at Awka,Old INEC road, Okpuno Awka near odokwu Awka hostel,at the back of Roselife Resorts.Awka Anambra state,#15million per plot, all is #45million.

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HIGHLY STRATEGIC LAND FOR-SALE.

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Price: #35m Asking

Direct brief.

[10/29, 9:09 AM] Aguluezechuk Chuks Latest: *FOR SALE*

1 PLOT OF LAND FOR SALE AT UNIZIK JUNCTION (TEMPSITE) ALONG ENUGU-ONITSHA EXPRESSWAY, AWKA.

PRICE: #50M

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HIGHLY STRATEGIC LAND FOR-SALE.

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Price: #250m.

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(Selling all together)

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Price: #60m Asking

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Price: #45m Negotiable.

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Price: #8m

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Price: #150m Negotiable

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Price: #60m Asking

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LOCATION: Commissioners quarters, Awka, Anambra state

TITLE: C of O

PRICE: #70m

[10/29, 9:14 AM] Aguluezechuk Chuks Latest: 2 storey building consisting of 30 self-contained rooms well built.

Located before unizik school gate, ifite, Awka.

Price: #50m

[10/29, 9:15 AM] Aguluezechuk Chuks Latest: 2 unite of 3 storey building consisting of 3 bedroom flat each in same compound few poles to the tarred road by Epo filling station/ former Mr bigbs at ziks Avenue, Awka.

Title: C of O

Price: #150m Negotiable

[10/29, 9:16 AM] Aguluezechuk Chuks Latest: Double 3 storey building hostel consisting of "153" self-contained rooms, each with balconies, also with shops at the front of the building facing the tarred road and just few blocks away from back school gate, ifite, Awka.

Price: #120m Negotiable.

[10/29, 9:17 AM] Aguluezechuk Chuks Latest: Newly built 3 bedroom bungalow for sale.

LOCATION: Located at isuaniocha, behind Globex spring int'l Academy.Not too far from the tarred road.

FEATURES: 3 bedroom all ensuites, Parlour with dinning, mordern fittings, spacious kitchen, POP, interlock compound, borehole water, gate house, sliding gate in a serene environment.

Price :#20m Asking (soon to be completed)

Direct brief

[10/29, 9:19 AM] Aguluezechuk Chuks Latest: 4 story and 2 story building in same compound space for sale. Located at nkpor . Has enough packing space and shops at the front street of the house.

NOTE:

Main building 10 flats of

3 bed room and parlour with 3 toiler, two masters bed room

Second building 6 flat of 1 room and parlour.

Title: C of O

Price: #75m Negotiable

[10/29, 9:20 AM] Aguluezechuk Chuks Latest: 5 bedroom duplex at ngozika Estate phase 2, Awka.

It has boys quarter and a security house.

Land mass: 800sqm

Title: Allocation papers, Deed , and survey plan.

Price: #80m Asking.

[10/29, 9:21 AM] Aguluezechuk Chuks Latest: 3 storey building consisting of 40 rooms of self contained. Its located opposite five decking in ifite, Awka.

Just 2 poles to the tarred road.

Price: #60m Negotiable

[10/29, 9:24 AM] Aguluezechuk Chuks Latest: 3 storey building consisting of 8 flats of 3 bedroom each. Located before ukwu-Aki from Aroma going to ifite, Awka.

Titled: C of O

Price: #60m Asking

[10/29, 9:25 AM] Aguluezechuk Chuks Latest: Located at ifite Awka, before school gate area.

2 storey building consisting of nine(9) flats.

5flats= 2bedroom

4flats= 1bedroom

Price: #50m Asking

[11/4, 9:46 AM] Aguluezechuk Chuks Latest: 6 & half plot of land after joburg hotel street, okpuno, Awka. Its about 6 poles to the tarred road.

Good for Hotel, mini estate, school, hospital, etc.

Title: C of O

Price : #58m asking

[11/4, 11:53 AM] Aguluezechuk Chuks Latest: 3 storey building consisting of 8 flats at Ifite, Awka, on a plot & some fraction, after 2nd market.

Price: #35m Negotiable

[11/7, 3:18 PM] Aguluezechuk Chuks Latest: A Standard bungalow of 3 rooms and parlour, all ensuite. The house is a year 11months old.

Location: Amansea.

Price: #25m Asking

Latest: 14 plot after wonderland event place before the fenced 100 plot on the major road. Its few poles to the road.

Price: #7m each.

(#98m for All)

Latest: 1 & half plot at Meloch hotel Area, ifite Awka.

Title: C of O

Price: #26m Asking

Latest: Two storeys(office complex) for sale.

Location: Along the tarred Ziks avenue Amawbia, Anambra state.

Title: C of O.

Price: #35m

Latest: * (1).....is 25 plots :#15m per plot

* (2).....is 35 plots :#20m per plot

The plots are inbetween kwata/opposite udoka Estate.

Its Facing the Enugu-onitsha express way, Awka.

Latest: Distress sale

Land measuring 820sqm for sale at udoka housing Estate, Awka.

The land is located at udoka phase 1, Road 30.

Note: The owner is a professor and in need of money urgently.

Call if interested....

Price: #15m.

Latest: ONE AND HALF PLOT OF LANDED PROPERTY LOCATED AT NNAMDI AZIKIWE UNIVERSITY AWKA BY IFITE IS FOR SALE, IT'S JUST FOUR POLES FROM THE SCHOOL GATE. WELL FENCED AND SECURED, REGISTERED SURVEY PLANE AS A TITLE.

PRICE: #15m

Latest: 39 self-contained rooms of Student hostel for sale at federal polytechnic oko

Price: #60m Asking

Latest: 6 bedroom Duplex

*Main parlour

*Waiting parlour 2

*Three staircases (one leading to the Masters bedroom)

*The second one leads from parlour to waiting room upstairs.

*Plus the main step.

*All rooms are Masters ( 12'×12 ) in size .

*Main master room is 15×15 in size.

*Big kitchen with store,

*Spacious lobby

*POP

*Boys quarter(a room and parlour)

*Security house.

*Borehole

*Interlocking with enough space of about 1300 Sqm

LOCATION: Chief Afunwa Thaddeus Avenue, behind new general hospital, Asaba.

Price : #55m

Latest: Two storey building for sale at Ziks Avenue Awka. Ground floor is warehouse and the first and 2nd floor are shop and offices.

Title: C of O

Price: #90m

[12/11, 11:49 AM] Aguluezechuk Chuks Latest: 3 plot not far from mummy's pot area, Tempsite, Awka.

Price: #70m

Latest: 4 plot fenced with gate behind mopo base, about 3 poles to the major road of wonderland events centre, Awka.

Price: #30m

Latest: 14 plots with dwarf fence after wonderland event place before the fenced 100 plot on the major road. Its few poles to the road.

Price: #7m each.

(#98m for All)

Negotiable

Latest: *DISTRESS SALE*

2 plots of land with 1 storeys building FOR-SALE.

Is located close to Ekwueme & Roban store

Price: #25m

Latest: Christmas sale

Only cheapest 2 plots in commissioner qtrs, behind diamond pizza, highly develop, with high rentage

Documents: deeds and survey plan

Price: #16m for both

Latest: This land is worth buying

Location: Isu aniocha

5 poles away from tared road, very strategically located, street road pricisely

Price : #3m only

Latest: DISTRESS SALE

3 Nos Bungalows on 3 plots of land with C of O at Udoka Housing Estate phase 2 Awka

Price: #80m

Latest: 1 plot fenced with gate after immigration office, Agu-awka.

Price : #11m

Latest: 1 plot fenced after immigration office area, Agu-awka.

Price : #13m

A plot of land measuring 499sqm fenced with gate at miracle junction, ifite, awka. Its not far from the road.

Price : #8m

1 plot of land at agu-aba layout, wonderland area, agu-awka.

Price: #6m

1 plot of land fenced besides Eagles Hill Estate,Awka.

CLOSE LANDMARKS:

Ngozika Estate

Dozzy Estate

Smith City Estate

Udoka Estate

Road safety Headquarters.

Title: Irrevocable power of Attorney

Price: #11m

2 plot of land located at enuofor layout, oko amakom, Asaba , Delta state.

#2.5m Asking

Fenced 2plots of land at miracle junction road with front and back gate @ Ifite Awka, Anambra State. #15m

41 self contained rooms and 7 mini flats at infant jesus area, Asaba, Delta state.

Land Area: 950sqm

Title: C of O

Price: #80m Asking

Tuesday 29 December 2020

French Fashion Designer, Pierre Cardin Dies at 98

French fashion designer Pierre Cardin is dead

•Late French fashion designer, Pierre Cardin

French-Italian fashion designer Pierre Cardin, hailed for his visionary creations but also for bringing stylish clothes to the masses has died.

According to his family, he died at the age of Tuesday.

He was aged 98.

Cardin who was born in Italy in 1922 but emigrated to France as a small child, died in a hospital in Neuilly in the west of Paris, his family said.

“It is a day of great sadness for all our family. Pierre Cardin is no more,” the statement said.

It said after a lifetime spanning a century he had left France and the world a “great unique artistic heritage” and not only in fashion.

Born into poverty in 1922 near Venice in northern Italy, his family emigrated to France when he was a small child.

“Italian by birth, Pierre Cardin never forgot his origins while bringing unconditional love to France,” said his family.

– From Apprentice to Global Empire –

He grew up in the French industrial town of Saint Etienne and was apprenticed to a tailor in Vichy at the age of 17, already specialising in women’s suits.

Moving to Paris, he designed the mesmerising sets and costumes for the film “Beauty and the Beast” with poet, artist and director Jean Cocteau in 1947.

After a stint with Christian Dior, he had already set up his own fashion label in 1950.

He quickly established a name as an innovator, creating the now legendary bubble dress in 1954.

He also broke new ground commercially, ruffling feathers in the fashion establishment for producing a ready-to-wear collection for the Paris department store Printemps.

His 1964 “Space Age” collection remains a landmark in fashion history with its cut-out dresses, knitted catsuits, tight leather pants, close-fitting helmets and batwing jumpers.

His global empire had a strong presence in Japan and also signed production deals with Cold War-era Soviet Union in 1978. He also became the first French designer in 1979 to cement links with China.

He was also the first designer to hold a fashion show in Red Square in Moscow in 1991, drawing a crowd of 200,000.

His family praised how he had plunged “early on into the flow of globalisation”.

But the much-used and franchised Cardin brand later showed signs of wear and, in 2011, he put his fashion label up for sale although it failed to sell.

“We are all proud of his tenacious ambition and the daring he has shown throughout his life,” his family said. (AFP)

Source: News Express

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Saturday 26 December 2020

Bill Gate--We still Don't Understand why Covid-19 rate/number is not high in Africa

Home Africa Bill Gates: We still don't understand why COVID-19 numbers are not high...

Africa Health World

Bill Gates: We still don’t understand why COVID-19 numbers are not high in Africa

Byadmin

December 26, 2020

8117

Bill Gates, a co-chair of the Bill and Melinda Gates Foundation (BMGF), says the world still does not have enough data to understand why COVID-19 numbers have not been as high as predicted in Africa.

The American philanthropist who invests heavily in healthcare in Africa said he is, however, happy to have been wrong about COVID-19 rates in Africa.

“One thing I’m happy to have been wrong about—at least, I hope I was wrong—is my fear that COVID-19 would run rampant in low-income countries,” he wrote in his end of the year note.

“So far, this hasn’t been true. In most of sub-Saharan Africa, for example, case rates and death rates remain much lower than in the U.S. or Europe and on par with New Zealand, which has received so much attention for its handling of the virus.

“The hardest-hit country on the continent is South Africa—but even there, the case rate is 40 percent lower than in the U.S., and the death rate is nearly 50 percent lower.”

According to Gates, “more than 1.6 million people have died in the COVID-19 pandemic, with more than 75 million cases and tens of trillions of dollars in economic damages”.

The US has been the hardest-hit country in the world — while South Africa, the continent’s most industrialised nation, has been the most affected in Africa.

Bill Gates had warned early 2020 that Africa could be the worse hit by COVID-19, stating at a conference that the virus would overwhelm health systems in the world’s poorest continent.

Melinda Gates, also a co-chair at BMGF, said the developing world will be hard-hit, she added that she foresees bodies lying aroundin the street of African countries.

But this has not been the case –and the world does not understand why.

WE STILL DON’T UNDERSTAND WHY

Bill Gates said, “we don’t have enough data yet to understand why the numbers aren’t as high as I worried they would get” — but gave probable reasons Africa was not as affected as expected.

“It helped that some countries locked down early. In Africa, another reason may be that the population is young compared with the rest of the world’s, and young people are less susceptible to the virus.

“Another reason could be that its large rural population spends a lot of time outside, where it’s harder to spread the virus. It is also possible—though I hope this is not the case—that the true numbers are higher than they look because gaps in poor countries’ health care systems are making it hard to monitor the disease accurately.”

Gates said one of his fears that have been justified is that “COVID-19 is having a ripple effect with other diseases. Last month, I was surprised to learn that it was only the 31^stmost common cause of death in Africa. By comparison, it has ranked number four around the world, and number one in America.”

“Why does it rank so low in Africa? It’s not just the relatively low incidence of COVID-19 there. It’s also because shifting health workers to focus on the coronavirus disrupted efforts to detect and treat HIV/AIDS, malaria, tuberculosis, and other diseases. As a result, COVID-19 stayed low on the list of health threats, but other problems came roaring back.

“Another reason is that patients are more reluctant to go to clinics for fear they might become infected—and that means more severe conditions are going undiagnosed. In India, for example, the diagnosis rate for tuberculosis has dropped by roughly a third. With more undetected cases, more people will probably die from the disease.

“This is another reason why the world’s goal should be to make sure that lifesaving tools reach—and are practical for—every country, not just rich ones.”

Gates said 2020 has been a year of scientific advances and failures, “but there is good news coming in 2021”.

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Wednesday 30 December 2020

Obasanjo, Utomi, Other's New Year Message: FG Is Adopting Wrong Strategies To Address Nigerian Bad Economy

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Tuesday 29 December 2020

French Fashion Designer, Pierre Cardin Dies at 98