HOW NIGERIA-MOROCCO GAS PIPELINE PROJECT WILL HARM AFRICAN’S INTEREST

In December 2016, an announcement was made of a nearly 5000 km Nigeria-Morocco offshore gas pipeline which at today’s prices will cost an estimated 20 billion US dollars. In reality, the actual costs will likely be much higher. This pipeline would be a continuation of the existing 678 km long West African Gas pipeline (WAGP) […]

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NIGERIA: ITS NOT ABOUT TRIBE, ITS ABOUT FAILED LEADERSHIP By Ugo Chikezie:

When I hear people saying one tribe or the other is being marginalized in Nigeria, I just laugh. Because the truth is that every tribe in Nigeria is marginalized. In my opinion there are only TWO TRIBES in Nigeria; 1) THE RULING CLASS 2) THE PEOPLE. It does not matter which language you speak….. if […]

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Why Nigeria may Collapse soon – Atiku Abubakr

Atiku Abubakar, former vice-president, says the current economic situation has exposed the weaknesses in having a central government. An advocate of restructuring, Atiku said the responsibilities of the federal government needs to be reduced to avoid it collapsing “under the weight of too many responsibilities it burdens itself with”. He questioned the rationale behind having […]

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External reserves declines by $4.7bn

Sustained shortages of US Dollar has forced Nigeria’s external reserves into a massive decline hitting a new low of USD29.746 billion yesterday while Naira value deteriorated in the unofficial foreign exchange market. At current level which shows that the reserve position has completely eroded the gains it made shortly after the inauguration of President Mohammadu […]

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IMF ranks Nigeria as the 22nd largest economy in the world.

According to International Monetary Fund’s World Economic Outlook database figures released yesterday, Nigeria’s gross domestic product (GDP) is set to total $1.105trn in 2015, representing a 5% growth from last year. Despite global falling crude oil prices falling over the last year, Nigeria has defied the negative growth that afflicted several crude-producing countries. Nigeria, was […]

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The only thing that had kept Nigeria united was the oil in the Niger Delta – Fani-Kayode

A former Minister of Aviation, Femi Fani-Kayode, says Nigeria has refused to develop because it was built on a ‘satanic’ foundation. Femi Fani-Kayode The former minister said this in a Facebook post titled, ‘Lord Lugard’s Magic and Flora Shaw’s Spell.’ Fani-Kayode, who also served as the Minister of Tourism under former President Olusegun Obasanjo, said […]

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