AMANDLA NEWSPAPER NOVEMBER 2011

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Amandla

Founded October 2003 Volume 10 Issue 11 Global African Newspaper Telephone: 973-419-0073 / 973-731-1339

November 15 - December 16, 2011

Nigeria’s Economy to Overtake South Africa by 2025 – Frank Nweke, Jr. By Kwabena Opong Nigeria’s former minister of Information, Frank Nweke, Jr. declared at a Plenary Session of the 2nd Nigeria Investment Summit & Exhibition organized by the African Business Roundtable on September 22 that his country’s economy has the potential of overtaking South Africa by 2025. Mr. Nweke was among a number of panelists who spoke at the Plenary Session on Nigeria’s Economic Outlook. The former minister expressed his pride as a Nigerian adding that it is a country that cannot be ignored. It is Africa’s largest market with an estimated population of 160 million. According to Mr. Nweke, Goldman Sachs has picked Nigeria as one of the world’s largest economies in the world ahead of Canada. One advantage is that Nigeria has a predominantly young population, a sentiment earlier expressed by former British Prime Minister Tony Blair. Nweke acknowledged the infrastructural problems of Nigeria, particularly in the area of energy, and said even in the absence of the energy deficiency, the economy is growing at the rate of 7.6 percent per annum. Further growth is expected this year. The potential to ease the total reliance

on oil is fuelled by the agricultural sector’s productive capacity of 42 percent, making the economic outlook of his country brighter. In addition to agriculture and oil is the country’s wealth in solid minerals which is yet to be exploited. Added to the potentials Mr. Nweke enumerated is the role of technology in helping to provide the right atmosphere for an economic take-off. The cabinet selected by President Goodluck Jonathan is an added force for growth. It is youthful, knowledgeable, and efficient, he said. “Nigeria has beaten all the odds of the objections raised against its growth,” the former minister concluded his submission. Mrs. Farida Waziri, Chairperson of the Economic and Financial Crimes Commission who took the podium after Mr. Nweke spoke about the image problem of her country as a result of the infamous 419 incidents and corruption. She told the gathering made mostly of young Nigerian entrepreneurs and American investors interested in investing in the country that her commission is dealing effectively with corruption and the 419 problem. She advised individuals, banks and other multinationals to be circumspect and inquire about the backgrounds of people who contact them for business. The

federal government, she said, is working with international law enforcement organizations to fight graft. Mrs. Waziri appealed to the Diaspora for their expertise and money in fighting crime. The EFCC is working on money laundering frauds, offenses of international corruption, the chairperson declared. Several criminals and purveyors of 419 and other crimes are serving jail sentences. The EFCC is working with the FBI, the Scotland Yard and the Metro Police of Britain and others elsewhere. Mr. Robert Orya, President of Nigerian Export Import Bank (NEXIM Bank) explained the role of his bank in formalizing and deepening trade among ECOWAS member states. All sectors of the Nigerian economy is under the radar of NEXIM Bank. The bank is helping to find means of storing agricultural produce. Nollywood, the Nigerian film industry is making strides in exporting its products and the bank is playing an active role in the entertainment and the creative arts industry. Ways are being explored to ensure a more efficient transportation system in the sub-region to support the export import sector of his country. The session was chaired by Dr. Bamanga Tukur, President, African Business Roundtable and Chairman, NEPAD Business Group.

Ejeviome Eloho Otobo, Director and Deputy Head, United Nations Peacebuilding Support Office, New York moderated the event

Solicit local inputs for development – International students suggest by Kofi Ayim Ghana and China seem to have certain things in common: both do not solicit local inputs and are insensitive to the needs and/or plight of the people they claim to help when it comes to development. This observations were made when 12 international students from Drew University, New Jersey embarked on a three-week study tour to all 10 regions of Ghana May 15 to June 7 this year under the theme “China In Africa: The Ghanaian Experience of a New Development Model.” China has more than 800,000 of its citizens currently living, working and/or running businesses in Africa, and over 800 small and medium businesses involved in manufacturing and bidding for construction of ports, railways, hospitals, administrative buildings and other facilities, usually at a very competitive price, and using comparatively advantageous cheaper labor and other factors of production. Chinese expansion especially in Africa, no doubt, is making the U.S. and the West edgy. In a special “share your experiences and welcome back from Ghana” ceremony held at the First Presbyterian Church, Irvington, New Jersey October 23, the students consensually agreed that it is counterproductive and serves no one’s interest for international (aid) projects to be foisted on Africans because “what the international community thinks Africans may need, may be different from what they (Africans) think they need.” Using the LEKMA Hospital at Teshie in Accra

and the Bui Dam Resettlement Project built by the Chinese and the Ghanaian governments respectively as case studies, the students after interacting with government officials, civil, traditional leaders, as well as NGOs and stakeholders concluded that international aid and global partnership must be critically analyzed from conception, scoping, and implementation for its merits or otherwise. They claim local input (from doctors, engineers, etc) was not adequately solicited in the construction of the LEKMA Hospital. Ghanaian health professional and managers therefore have to struggle with Chinese specifications that they know very little about. For example, they pointed out, for unknown reasons, X’ray equipment do not work. To buttress their point, the students pointed to the Kumasi Youth Center, near Asokwa also a “gift” from the Chinese as a White Elephant. They believe China is in Ghana not necessarily to help it (Ghana) develop, but to exploit its resources, albeit creating local employment in the process. They therefore challenged the Government of Ghana to step up to the plate to play China on an even field in order to be self reliant. “Teach a man how to fish, rather than giving him the fish,” cut in Professor Keyser referring to Chinese aid to Africa. The students were convinced that China is no different from previous foreign powers that exploited Ghana and Africa for its resources. “It is déjà vu neo-colonialism shrouded in Continued on page 2

Hard road to travel: This is the highway between Tamale, Northern Region capital and Hohoe, a metropolis in the Volta Region, all in Ghana

Rawlings and Kufuor Rock Lumba’s Show See page 2 Visit our link at http://issuu.com/african-views/docs/amandla to read the latest issue of Amandla

PUBLIC OTICE

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AMANDLA NEWSPAPER NOVEMBER 2011 by African Views - Issuu