Day: August 16, 2019

Why Nigeria has restricted food imports

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AFP

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Nigeria has invested a lot in boosting rice production in recent years

President Muhammadu Buhari has directed the Central Bank of Nigeria to block food importers' requests for foreign currency in a bid to boost local agriculture in Africa's most populous country.
It is a continuation of a policy that the president began after coming to office in 2015, when he banned the use of foreign exchange to import dozens of items including the staple food, rice.
Since then, domestic rice production has increased, but the policy has been criticised for not taking the low capacity of local farmers into consideration. The policy has also coincided with a rise in food prices, which has been blamed on insecurity in some of the country's main food producing areas.
How much is Nigeria spending on importing food?According to data from Nigeria's National Bureau of Statistics (NBS), the amount of money the country has been spending on importing..

Nigerian government ordered to pay $9bn to private gas firm

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Getty Images

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A natural gas pipeline in Nigeria – P&ID agreed with the Nigerian government in 2010 to build a gas plant

A British judge has ordered the Nigerian government to pay $9bn in assets to a small private company.
The firm, P&ID, had reached a deal with the Nigerian government in 2010 to build a natural gas plant – but the deal fell through two years later.
P&ID then sued the government for failing to provide the gas or install the pipelines it had promised to build.
The firm was first awarded $6.6bn (£5.4bn) in 2017, but the London court has now added $2.4bn in interest.
According to the firm's website, the deal would have allowed it to “build a state-of-the-art gas processing plant to refine natural gas…[that] Nigeria would receive free of charge to power its national electric grid”.

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A la Une de l'actualité, le Zimbabwe, où au moins 91 opposants ont été arrêtés. Leur rassemblement a été dispersé à coup de gaz lacrymogène. Et aussi : Huawei espionne-t-ils les opposants ougandais pour le compte du gouvernement ? C'est ce qu'affirment en tout cas nos confrères du Wall Street Journal dans une enquête publiée cette semaine . Les autorités ougandaises démentent toute implication.

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A la Une de l'actualité du continent, le Zimbabwe où au moins 91 opposants ont été arrêtés. Leur rassemblement a été dispersé à coup de gaz lacrymogène.Huawei espionnent-ils les opposants Ougandais pour le compte du gouvernement ?C'est ce qu'affirment en tout cas nos confrères du Wall Street Journal dans une enquête publiée cette semaineLes autorités ougandaises démentent toute implication.