LAGOS (Reuters) – Nigeria announced on Wednesday a target to double its manufacturing output to 20 percent of GDP within six years and will set up production hubs across the country in partnership with regional aid banks.
“Project MINE’s (Made in Nigeria for Export) strategic objectives are to increase (the) manufacturing sector’s contribution to GDP to 20 percent … and generate over $30 billion annually by 2025,” the ministry of industry, trade and investment said in a statement.
The government has set up Nigeria SEZ Investment Company, which will finance industrial parks in special economic zones in the commercial capital of Lagos, southeastern state of Abia and northern state of Katsina.
The government is currently raising capital of $250 million for Nigeria SEZ Investment Company. It plans to double its equity to $500 million over four years, the ministry said.
Lenders such as African Development Bank, Afreximbank, African Finance Corporation and Nigerian Sovereign Investment Authority have shown interest in co-investing with the Nigerian government, which would own a 25 percent stake. Two Chinese groups have also shown interest, the ministry said.
The West African country’s manufacturing and agricultural sectors have been neglected since the 1970s oil boom, when Nigeria began making easy money from crude oil sales.
Nigeria, where the vast majority of the population lives on less than $2 a day, recently emerged from a recession but growth is fragile and the government is trying to diversify its revenue away from its reliance on oil.
President Muhammadu Buhari, who is due to start a second four-year term next month, has pledged to revive the economy and is focused on building roads and expanding the railway network to lower production costs…
UN Africa Official Vera Songwe Calls BRI ‘Probably One of the Biggest Growth and Development Initiatives in the World’
In an interview with the Xinhua that appeared on April 10, Vera Songwe, executive secretary of the UN Economic Commission for Africa (UNECA), hailed the role that the China-proposed Belt and Road Initiative (BRI) would play in addressing Africa’s problems in infrastructure and job creation. She told Xinhua that the BRI will positively affect hundreds of millions of people in different countries, while it helps Africa develop infrastructure connectivity of varied types and creates job opportunities that are pressing issues on the continent.
“This (BRI) is probably one of the biggest growth and development initiatives that we have in the world,” the UN official said, adding that the BRI is essential to the continent. She believes that the initiative, in which many African countries “infrastructure today is one of the necessary requirements for Africa’s growth,” Xinhua reported.
I cannot verify all the information in the article below, nor do I think President Buhari will be removed from office and replaced by Atiku Abubakar. However, the machinations presented in this article are plausible. Although, President Trump has spoken out against regime change, his administration, led by National Security Adviser, John Bolton, and Secretary of State, Mike Pompeo, is in fact attempting to do just that in Venezuela. There, they are endeavoring to replace the current President of Venezuela by installing a member of the National Assembly as head of state, who was never elected as President. Some people in and around the Trump administration are trying to use this precedent in Venezuela to establish a new precedent for regime change. If the cited article below is true, it appears that there are unscrupulous people, who are being handsomely paid by the defeated, but wealthy Atiku, to make him President of Nigeria.
The idea of removing President Buhari from office-Venezuelan style, would not only illegally overturn the will of the Nigerian people, but it would be a catastrophe for all of Africa. Africa, especially North Africa, is still suffering horribly from the 2011 regime change and assassination of Libyan President, Muammar Gaddafi. Contrary to the misguided apologists of the Obama administration, there is no escaping the truth; Samantha Powers, Susan Rice, Hillary Clinton, and President Obama are responsible for the death and destruction of North Africa by their reckless action in overthrowing President Gaddafi and then killing him. Following the regime change collapse of Libya, thousands of Tuaregs, along with various extremists, drove out of Libya in their pick-up trucks filled with modern weapons and munitions. As a result, following the collapse of Libya, Mali’s sovereignty was undermined, the nation destabilized, and remains so today!
Nigeria is already familiar with the effects of western inspired regime change. Boko Haram’s growth and sophistication in lethality was also caused by the influx of new terrorist actors streaming across the desert after President Gaddafi was eliminated. Were those lunatics in the cited article ever to succeed in their fantasy to remove President Buhari, civil war accompanied by an exodus of millions of Nigerians would overwhelm West Africa especially, drawing the continent into new and deadly regional conflicts and massive internal displacement of people.
For the sake of Africa and the world, let’s put end to regime change, now!
“Enlisting the assistance of two high-powered Washington, D.C. lawyers, a Nigerian presidential candidate is looking for help in his legal challenge after his election loss. Atiku Abubakar, former vice president of Nigeria, lost in the country’s February presidential election to incumbent President Muhammadu Buhari. However, Abubakar swiftly filed a legal suit challenging the election results due to allegations of voting irregularities and violence.
“Abubakar has ties to those in Trump’s orbit, having hired political consultants like Riva Levinson, who worked with Paul Manafort, and Brian Ballard, a major Trump fundraiser. Like many other foreign leaders looking to bolster their standing with Trump, Abubakar stayed at the Trump International Hotel in Washington D.C”
“Abubakar himself has a rocky legal history. A Senate subcommittee report on foreign corruption cited Abubakar as a case study regarding his transfer of millions of dollars into the U.S. through shell companies. He was never prosecuted. In 2009, the FBI alleged that Abubakar demanded bribes from former Rep. William Jefferson (D-La.), who was convicted of corruption charges. At one point, Jefferson stored $90,000 in cash for Abubakar in his freezer.”
Below are excerpts from a useful presentation that provides an overview on crucial areas of development in Africa. It echoes many of the ideas I have written about over the years, and has helpful maps on energy, water, and rail transportation. The presentation concludes with a discussion on the Transaqua water project, which I have advocated for over 20 years with a modest level of success.
“In contrast, is the really exciting development of relations between China and the nations of Africa. Every three years, the Forum on China-Africa Cooperation meets, alternating between China and the capital of an African nation. At the last meeting, which was held in 2018, the meeting was in Beijing, and in 2021 it will be held in Senegal. What China has been doing with its cooperation with Africa, has been making available large amounts of credit for the kinds of projects that just make sense: rail lines, power systems, water systems, transportation, road networks, industrial parks—these kinds of significant investments.
“This is not charity; this is not a case of somebody saying “We’re going to step up to the plate and donate to those poor Africans who can’t help themselves.” That’s not the case. The United States is a bigger donor to Africa than is China. But I think if you speak to many African nations in terms of which nation is doing more at present to provide a long-term future, it’s not aid that lasts for a year; it’s taking the lid off and saying, “We’re going to develop a full economy here, not perpetually slightly alleviate poverty; that’s not a future…
“Compare that with National Security Study Memorandum 200, authored under Henry Kissinger in 1974, which stated, for about two dozen countries in the world, that the growth of their populations represented a threat to U.S. strategic interests. Because it would be more difficult, essentially, to get materials from countries that were developing and prosperous than countries that are disarrayed and poor.
“Compare this to when the British ran their official empire. Consider India, for example. Some people say that at least Britain helped develop India, building railroads, and so forth. No, Britain ruined India. India was one of the world’s leading manufacturers of cloth, for example, and had a major ship-building industry, which was destroyed by the British. Empire destroys the economic potential of its colonies, and that is the reason that development has been deliberately held back in the world
Plans are afoot to potentially use violence or other means to disrupt Nigeria’s Presidential election re-scheduled for Saturday February 23, 2018, in order to discredit President Buhari, and Nigeria. I am not making an idle prediction. Knowing Nigeria and its history as I do, and the intent of financial predators to weaken the Nation State of Nigeria, one must be prepared.
Hours before the polls were to open, the Independent National Election Commission postponed the voting for one week. Leading up to the originally scheduled vote on February 16, circles in the US and UK issued unprovoked condemnations warning President Buhari to conduct a “fair and transparent” election. Why such warnings delivered weeks in advance, when Nigeria had distinguished itself in 2015 by conducting, by most accounts, the most honest Presidential election in its history? The most dangerous threat against President Buhari came from George Soros’ Open Society of West Africa. Soros, a member of the financial globalist oligarchy is notorious for using his worldwide tentacles to foster regime change. Read: External & Internal Forces Fear Continuance of Buhari Presidency
Earlier this week, Republican Congressman Chris Smith, who is the party’s point man on Africa, issued a denunciation of President Buhari. In his statement Cong Smith said: “Responsibility for the delay of Nigeria’s presidential election lays squarely with President Muhammadu Buhari and those close to him.” He went on to accuse the President of “undermining confidence that this election and subsequent gubernatorial elections will be free and fair…” Smith is no friend of Africa. He is a proponent of regime change and has joined with anti-Muslims forces in the US in calling for the removal Sudanese President Bashir. In April of 2018, when Ethiopia was celebrating the selection of Dr. Abiy Ahmed as its new, young reformist Prime Minister, Smith’s subcommittee on Africa, passed a resolution denouncing Ethiopia for alleged human rights violations.
On February 19, John Campbell (retired US Ambassador to Nigeria), published a blog for the Council of Relations raising suspicions of President Buhari’s involvement in the postponement of the February 16 election. Campbell reports that many Nigerians “are seeing the postponement as part of a strategy to throw the elections, most often to incumbent President Muhammadu Buhari.” He goes on to say: “Nigerians are also concerned that the postponement provides more opportunity for the incumbent powers to buy votes and deploy security services to intimidate voters.”
Campbell in his blog, retails the allegation from President Buhari’s opponent, Atiku Abubakar, “claiming that the Buhari administration postponed the vote to ensure a lower voter turnout.” He also repeats the accusation that President Buhari’s plan: “is to provoke the public, hoping for a negative reaction, and then use that as an excuse for further anti-democratic acts.”
Violence: A Political Weapon
There are forces inside and outside Nigeria, who would like to undermine the nation’s sovereignty, preferring a malleable government that would permit the continued exploitation of Nigeria. Since Royal Dutch Shell descended on Nigeria with its first oil well in 1956, Nigeria has never been truly sovereign. Mega oil companies and their financial cohorts, conspiring with a cabal of corrupt “middlemen,” have looted Nigeria’s oil for decades, resulting in economic and political instability for Africa’s largest populace.
The Buhari administration has not yet acted to fully mobilize the Nigerian economy as forcefully as required to end abject poverty and generate productive jobs for millions of unemployed youth. Not nearly enough has been done to reverse the British nurtured deep ethnic divisions that have instilled great mistrust in Nigerian society. Sadly, these volatile ethnic, religious, and geographic fault lines have been easily manipulated into wanton violence. However, President Buhari has displayed a nationalist commitment for economic development, initiating the largest expansion of vitally needed infrastructure in Nigeria’s history. He has also demonstrated his determination to alleviate the horrible conditions of life in the Lake Chad Basin (where Boko Haram recruits), through his steadfast support to replenishing the shrinking Lake Chad.
The next President of Nigeria should be decided by the Nigerian people. One cannot dismiss the likely probability that violence will be instigated as means to undermine the legitimacy of the election. Not only is there a history of violence in Nigerian elections, but Boko Haram, which has brutalized the Nigerian people, is dedicated to using violence as a political weapon. In the last two weeks leading up to this Saturday’s election, over one hundred Nigerians have been killed or injured. Not just by Boko Haram, and other extremists, but also from clashes between the APC and PDP, ethnic conflicts, and attacks by suspected herdsman. This has created an opportune environment that provocateurs may exploit in their scheme to disrupt the voting process in this all-important election.
The article below, “Nigeria’s balanced and diverse relationship with China is key to sustainability,” provides a useful examination of the healthy bilateral relationship that China has developed with Nigeria, especially during the administration of President Buhari. It is also important to note that Nigeria has officially joined China’s Belt and Road Initiative in January of this year. (excerpts below followed by a link to complete article)
Nigeria has one of the largest infrastructure deficits in the world; two thirds of the population still does not have access to safe water and over half of the population has no access to reliable electricity. Logistics costs are also extremely high; it costs more to transport a good from Lagos in Nigeria’s South to Kano in the North (1000km), than it does to ship a good from Shanghai to Lagos (over 12,000 km).
Nigeria’s government is investing in infrastructure, but external funding is needed. As cited in the National Integrated Infrastructure Master-plan (NIIMP) developed by Nigeria’s Ministry for Planning in 2015, it is estimated that the country requires $3 trillion over the next 30 years, with $500 billion required in the first 10 years. This estimate, which has wide sectoral scope, is reached by comparing Nigeria’s core infrastructure stock of around 20-25% GDP to international benchmarks of around 70%. Yet, even as the government increased its budget allocation for capital expenditure to 30% in 2017, this remains at least 80% short of the annual amount prescribed by NIIMP.
Alongside self-funding new infrastructure, Nigeria has also looked to the World Bank, European Commission and African Development Bank as sources of infrastructure capital. Yet while they might have the risk tolerance and investment horizons, their capital remains diluted over a number of countries. In its 60 years of operation in Nigeria, the World Bank has invested on average $100 million on infrastructure a year – significant but still a drop in the ocean versus Nigeria’s needs…
While Nigeria is the richest economy in Africa, with the largest population and one of the better educated work forces, 4 in every 10 people still remain unemployed. Nigeria needs more inclusive industrialization that creates jobs for all, as opposed to focusing solely on sectors such as oil. Opportunities lie in the manufacturing sector, which creates more jobs through stronger forward and backwards economic linkages than any other sector.
Nigeria is again leveraging its relationship with China here. Some Chinese manufacturers have started relocating production to Nigeria, partly in response to rising wages in China and to take full advantage of the size of Nigeria’s domestic market. Sun Ceramics is one such example; they produce ceramics the size of 10 football fields every day, employ over 1,000 locals and also source all their raw materials from Nigeria. If it weren’t for Nigeria’s difficult business environment, Chinese firms claim they would commit greater amounts of investment.
Stronger ties to stand the test of time.
Nigeria, however, has managed to…build a balanced and more diverse relationship with China. Nigeria’s relationship with China extends beyond resources and infrastructure to security, financial planning and sharing of best-practice in manufacturing, to name a few areas of cooperation. Particularly in the realms of security cooperation; the Chinese have found an area that helps win them local support on the ground in Nigeria given a near-universal desire to eliminate insurgent forces. Nigeria also recognizes that the size of its domestic market offers the largest opportunity in Africa for Chinese companies; and that has helped to improve the balance in the relationship.
It is this combination of balance and diversification that is key to a sustainable relationship with China.
President Buhari removed Chief Justice Walter Onnoghen last week, after it was found that Onnoghen had violated the Code of Conduct, failing twice to appear before the Code of Conduct Tribunal. Buhari’s opponent in the Presidential race has accused him of not following constitutional procedures, by which he should first obtain two-thirds in the Parliament vote or a request by the Supreme Court itself. There is a provision in the Constitution under which the President can suspend or dismiss the Chief Justice. That is, in a situation where the Chief Justice is found to have contravened the Code of Conduct. In this regard, the President does not require any Senate vote or recommendation from the National Judicial Council. The Nigerian Supreme Court has jurisdiction and final say in challenges against election results.
Internationally forces based in the City of London- financial capital of the world-do not want to see President Buhari succeed in a second term as Head of State. His commitment to fight against corruption, and develop the Nigerian economy with collaboration from China threatens the internal and external enemies of Nigeria, who oppose the nation’s progress. The announcement this past week that Nigeria has become an official member of China’s Belt and Road portends success for Nigeria, as the country frees itself from domination by the International Monetary Fund.
The British government issued a statement of concern on January 26, which says “we are compelled to observe that the timing of this action, so close to national elections, gives cause for concern. It risks affecting both domestic and international perceptions on the credibility of the forthcoming elections.”
In the US establishment’s Council of Foreign Relations blog, Udo Jude Ilo from the Open Society Initiative for West Africa and Yemi Adamolekun of Enough Is Enough Nigeria (EIE) attacked President Buhari. They wrote among other things: “the timing of [Onnoghen’s] replacement is so troubling. Many analysts, including the authors of this piece, see the move by the President as a calculated attempt to gain some electoral advantage should an election petition between the President and the main opposition party end up in the Supreme Court.”
Open Society Initiative was created by billionaire George Soros, who is member of the global financial elite. Open Society is a vehicle for regime change around the world. Enough is Enough is funded by Soros’ Open Society. The authors of this blog are not just concerned Nigerian citizens, but part of a of a nasty operation to aimed at disrupting/tainting the Nigerian Presidential election and potentially destabilizing Nigeria to prevent the re-election of President Buhari.
In recent weeks media outlets in the West have been voicing allegations of violence and other actions to be instigated by the government of Nigeria in order to insure a victory for President Buhari. The British are undoubtedly the driving group behind this scenario, but we cannot rule out US involvement. President Trump to his credit has come out against regime change, however US support for the removal of the President Venezuela raises doubts about that commitment.
Not accidentally, the terrorist thugs from Boko Haram have resurfaced in force lately, scoring unexpected victories against Africa’s Nigerian led Multinational Force, and the Nigerian army, spawning a new wave of refugees in the Lake Chad region.
Those of us who have studied Nigeria’s political-economy over decades understand that the efforts directed against President Buhari are intended to derail the momentum for the industrial development of Nigeria. This includes the President’s commitment to Transaqua, a vital water-transfer project to save the shrinking Lake Chad.
The Guardian of Nigeria published on Monday, January 28, 2019, my article: “Proposal for Nigeria’s Future” with included pictures of President Trump, President Xi, and myself that were omitted from the on-line article.
Italian Prime Minister Conte Discusses Development with Presidents of Chad and Niger
Giuseppe Conte made a two-day visit to Niger and Chad, two countries members of the Lake Chad Basin Commission, to discuss short and long-term measures to fight terrorism, migration, and their causes on Jan. 15-16. In both countries he discussed development perspectives with national leaders.
At the joint press conference in Ndjamena with Chad President Idriss Déby, Conte referred to the Transaqua project for the revitalization of Lake Chad as an example of development programs.
European countries, Conte said, “cannot remain insensible to the drying up of Lake Chad. If it goes on, there will be increased misery and thus increased emigration and terrorist threat,” Conte remarked. “If we don’t have a vision on those issues, we will be overwhelmed. I reminded President Déby that the possibly oldest project to tackle the drying out of Lake Chad has been made by Italian experts. There is a project of dams and canals to provide irrigation.
This means laying the basis for the development of those territories and therefore better controlling migration flows.”
Both in Niger and Chad, Conte said that Italy will be “the ambassador” of the Sahel region at the EU, to promote a larger effort to finance development. The EU Trust Fund for Africa must be enlarged, Conte said.
At the joint press conference in Niamey, Niger President Mahamadou Issofou thanked Italy for the support of the Sahel-5 Multinational Force to fight terrorism, but repeatedly stressed that “the solution is developing Africa, industrializing Africa.” This goes for defeating terrorism as well as for controlling immigration flows.
Conte thanked Issofou for its support to Italy in the stabilization plan for Libya. Although this was the first visit ever of an Italian Prime Minister to Niger (and Chad as well), Conte remarked that this was his third meeting with Issofou, following meetings in Rome and Palermo, the latter at the International Libya conference. Stabilizing Libya is key to defeat terrorism, Conte remarked.
Nigerian President Buhari Reiterates His Commitment To Refilling Lake Chad
Nigerian President Muhammadu Buhari called for more commitment from the international community on redirecting water to Lake Chad on Jan. 14, warning that the 40 million people who rely on the lake in the region would pose adverse migration and security challenges to the world.
The Transaqua project to refill Lake Chad was approved at the Feb. 26-28, 2018 International Conference on Lake Chad in Abuja and soon the feasibility study financed by the Italian government should start. The cost of the entire 2400 km system of dams and canals will be in the order of several dozen billion dollars.
Receiving Letters of Credence from the High Commissioner of Canada to Nigeria Philip Baker at the Presidential Villa, President Buhari said the tragedy of the shrinking Lake Chad would continue to fuel more illegal migrations, banditry and provide willing hands for terrorism since majority of the people have lost their means of livelihood.
A statement by the special adviser to the President on media and publicity Femi Adesina said that Buhari warned that “the about 40 million population in the region will pose adverse migration and security challenges to the world” if the lake should dry up completely. The President pointed out that banditry, illegal migration and terrorism would worsen if the lake were not rescued. He said: “An academic rightly predicted that unless there was a redirection of water to Lake Chad, it would dry up. Now, whenever I go for any global meeting or visit a country, I will always draw the world’s attention to the adverse effect of climate change on the lake, and the resulting negative effects.”
Nigeria Outflanks Climate Conference with Call for Transaqua, Expresses Gratitude to Italy
Dec. 6, 2018 (EIRNS)—Nigerian President Muhammadu Buhari outflanked the green-fascist lobby at the ongoing COP24 climate summit circus, in Katowice, Poland, by calling on the international community to help build the inter-basin water transfer infrastructure to replenish Lake Chad (Transaqua) and thanking the Italian government for financing the feasibility study.
As the Nigerian daily Independent reported,“President Muhammadu Buhari lauded the Italian government for providing a grant of € 1.5 million towards conducting feasibility studies on the Lake Chad basin. Buhari said:
“With water receding in the Lake which provides livelihood to over 40 million people, the federal government in conjunction with [Lake Chad Basin Commission] member nations are proposing inter-basin water transfer from the Congo basin to revive it.”
“Nigeria would build on the success of an International Conference [on Lake Chad] held earlier in February this year in Abuja to create additional awareness globally on the serious environmental and security challenges facing the Lake Chad region.”
Buhari reminded the COP24 Summit that a consensus was reached at the Abuja conference that an inter-basin water transfer from the Congo Basin remains the most sustainable option available to save Lake Chad. With that, he referred to the conference resolution endorsing Transaqua by name as the only available option.
“I once again call on the international community to support this worthy project, for the benefit of nearly 40 million people who depend on the Lake for their livelihood, and to guarantee future security of the region,” Buhari said.