BUSINESS \15
Bl1siness MoneyWatch P23
Compulife P25
The place of customer in Nigeria's retail h<l.,Ir,nld
Wiring the economy through broadband Lagos boosts rice prodUction, commissions
processing lactory
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By F.tiIn om.. ... Gbqa '1'1iEt...agosSGIte~nt
.l yHterda~~lssioned . FactOJ}t
lmota Rke
[n tkoroduaru oftht: statr, as
pan of its commIonent to the
Wi~t of food St:O.Uity ~tofthe~(admlnh-
1Ta1l0n.
It also commissioned ,1 Poultry Esule in Erikorodo .and 4.65 ki~ ~ access road ,1t Ikocodu Flsh Fam Estat~
'Nigerian power finns to receive $25bn lifeline from U.S. bank ..
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Nigeria is truly hungry for elecmc power.• .!n tenns
"11iE United SLlt~ of .lAmtric;a's Export-Import Bank will soon IrlCJUSe 1[5 rnWl support If .... the Nlgerim ftnns oprraon!, In the counny's ~ S«":OI" to bi1lion (~bout NO bUllon), up from StS billion (Um billion). earlier pmmlri me Feder.I.I ~mmtn t gJd,)'Hterday: TIlt crrdit fa cUitvfrotn the bank is comll1g oulhc httls of
of per capita power capacity measured in watts per person, Nigeria's record is anything but inspiring.!t is 29 waHs per person.
n.s
JlOW'!r $KlOl'"WilS about to wit· nes a ~ dawn, going by the quality of ongoing proj«a and ~nts In the sector. He said It was quite Inl1!resting that the Emrn Bank was ~ to ~ the O1!dlt line a MtmOr;1ndum or to idd the prlvilte lmtitmenl Undc~ndln! lilt bank needed In the nalion's ~r sI£Oed with Ni!.e-~'s Mlnlsuy orPowtt, ra::mtly. According to him, The The Mlnist~ lor Power. &n Extm bank fudlity to the Nnaji. Silid yestm.by ill iI pub- whole of Sub Silh;uO'l AfrIGJ In lic lecture In ..bula. that mil' 1010 waJ I1A biIllion, out of
u.s
"""'.
us.
which only $200 mUlioo arne to Nigeria. He announced tNt the bank Is naw~adytO rnaJozilVoilllabie betweftI S'L5 billion ,100 5.l.S
billion (0 Nlgedol 's ~r 5«. lOr this time. "Nigma Is ~ hungry for elKtlic po~r, he said.. ilddlngma[ the nation's maxi· mum ou~t of 4,400 Me1.a Watts (MW) was grossly lnadtq~
...
"Ourl Is a nation of 167 mil·
lion people. 50mh Africa, a. nation of 47 million people, which mterestingly h.1d siner 2008 p~ InsuffidtnL As you kn~ South Afria Is the worId'slargm 20th KOIVJ(Il)t Br.illzl~ .anothtr emerging «DOOmy with a population of 194 milHon. generatll!!'l about ~enentes 047,OOOMW,
I3S,OOOMW.
'n tenn! of per capita power meilSuRd In WOIW per penon, Nlgtri<1's m:otd Is anything but lnspidng.lt Is 29 Wiltu per pe.rson. Compa:~ th15 figure with Brnll's 0490WUU pecr pecoon or Glpacl~
Amma'sl,9OOwatts per per.
500 M India's UOWiltts pet" per.
son.
EVl'n
neighbouring
Ghana has a superior rrcon:I beaUS(' It has 1,800MW fM Its llmlllon people, which amounts to 85Wims per pet". son. 1b statr the obvIoU"i, per capit.t ~ capadty is an Indicator of a country's f'COnomic perl"omu.ncr.• he said. He' ~ saki Nigma's powfisituation was not~ 1es5, as a num~r of ~r p lana. transmission substaUons. tnnsml"islon lints ;iIIld dlstrlbution fucllitles ur bdng buIIt.across \he countr)l. Also, he said the Frder.ti GoYemmwt alone wa5 buildIng 10 ~plants.lncludlng tr.msmlssIon'lines and sulJ:m:-
The ulm-modt:m rice pit> cesslng faaory. which Wil"i commissioned by the state G<M:mor, &bnunde R.ljl Fashola, In compa.ny of t:ht: Minister of St;lte for ~rlcultlJre, A1haji Bub TIl.lni, WilS also gJOIad by the St:nator ~t:SVltJng lagos East St:natori.al District., Gbenga Asluf;a, member. House of R.t:presItnt.ttiYts rq> resenting tkorodu, Abike Dablrl ~ ;rnd the Ob;a of lmota., Ajl~ Bakarr-Agoro, ,1mong other dignitaries. Fashola Slid lagos was rudy to sa the pKe In the counny In wulth CR',1don tim:rugh ~culture, adding Wt If Nl~ I'oIIow$ the pa.th CDfl. SCIentJously. the count1)"s tcOIlOmJc problem would in no timr be addrased. He said 51no: hunger ,1nd poverty do not know ,1ny poIil;lc;tl pa.rt)I the step takm by the "iUte govemmt:nt to bOost food prOduction. WilS 01 puspo.sc;fuI coI~tion for natIOnal tkYdoomt:nt. Fashola. described the commisslonlngas thelcingoo the cakt, beQu$t: the project stant:d four yean: ago whel1 ht:d~1oped thedrM forritt produaJon capacity In \he state, addIrur: the state has wrinrn OIn 0Ilida1 kttt:r-to the Minister of Agriculture, Akinwuml Adesilloil to 8M: them morr bnd under the Ogun OSUn River Basin AUlhOfity. "For the youlhs, the time for I1liscreancy ls over, tiOlt: without v.ork is 0Ytt This is OM of the placa" to amte wmith. if we go badt to tinning. OUr youths "ihoukl roll up thdr slt:t:YeS and f.ann. We Me rudy
we
CONTINUED ON PAGE 16
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FGto ban public sector purchase of foreign computers
... an. ..A 5 p01no( dram togiYr loa! By . . . . . ......,IU~
Ilcol1rrnt drI.'eiopment In Nigeria ,1 boose. the Ftderal Government may soon I~ ban on the purchase of fomgn computm and ,""""""" producu by oW> lie institUiions ilnd schOols In
".""un"" The N,1l;1olloill
~tor-Gt:nt:nl,
Information
Tt:ehnol~
~lo'pment
. . ."'" (Nnn,o.~ _
a.op..
""",,..--""""" aaron lnlt:rlded was to gM: Indigenow Original Equrpment Manuf,1cturers (oEMli) the challCf: to devdop the local lllilrkd. ;md guam .against [nousing caplcli flights, due to productS' ImporutkJn. Anga)'t, who ded.uN opm a two-day mreat on draft guide-
An",,., who _ Ihrougjo mndilltls to nWcr: thml com"""""'" d"-",don by prtitM.and ~ with- the director. Scmw,rds md "" the~tofostt:r~ m .and outsIdt: the couull'} ReguLuion, NITDA InY" of loG! ICr products and sa¥"'" of ......,..,.".....,••_ Hestld It Wi!.S In the Inte~ of Kt:tn<1bon~ saki the rr ~ Meanwhlle.lndlgenous OEMs and fost:eT growth1n tht: kx:.al the country [0 d~1op MW tory ~ will In the next Infonnation CommunlCiu:lor1$ mndatds and JtUiddtnes lOr IOrtnight laUnch ~ monitoring at the retrut opressrd mnllmmputt:r I11iIllU'bcturing. denc~ In govemmwt's scht:nw: to t:nSurr complWKr Tt:danoklgy( tCT) Ind~ The' mnlslt:r said It would by ,111 public InstituLions rt~ dTorts to d~1op the: Accordlng to hbn, .llI gDYmlIT Indus~ m,ne empl!,>Y' mmt's .accndftildon for com- ~mount to sabotage If n,"'oowlde. putu assmlbly pL1nts had Ministries, ~ts i!.nd He Si!.Id under the existing mrnt throUgh loa( as:smtbIy e:xpInd.. He .wid Nigntiln rr Age:nclts continued thrlr bws of NITtlI.. It will bt: m of ~tm; .and build thf.o: oUma punishable by ~ prisOn caj»dty for Mgman IT enDl'prixtuas would now 6t: bt:nch....... of """'" IT prod- tmn, fblt: or both If Rolitt:d In urn. inarlcrd ,1g;Un5( intrrn;ltiolloill "'
lines for home grown rr hard-
~ productS, gJd the Mtion WiI.S nt:assaJ}' to mcourage
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