Stevie C. Chiakwelu

ideas have consequences

Stevie C. Chiakwelu

Stevie C. Chiakwelu is the CEO of Stebil Computers Ltd. He is a Senior Fellow and developmental analyst at AFRIPOL.Org

Graph News: Nigeria Debt to GDP Compared to US, UK, Swiss, EU

The Nigeria current recorded Debt to GDP ratio stood at 11 percent of the country's Gross Domestic Product in 2013. “Government Debt To GDP in Nigeria averaged 35.96 Percent from 2000 until 2013, reaching an all time high of 88 Percent in 2001 and a record low of 11 Percent in 2013. Government Debt To GDP in Nigeria is reported by the Central Bank of Nigeria.” Nigeria enjoyed one of the lowest debt to gdp ratio in the world. The country’s exit from Paris and London Clubs of Creditors via the payment of foreign debts in 2006, played a vital…

Nigeria: Inflation at 9.1%, Economy grows at 6.56%

Nigeria inflation rate in 2013 continues to be below 10 percent for the fourth month in a role. According to the numbers coming from The National Bureau of Statistics (NBS), the 2013 April inflation rate stood at 9.1 per cent, much higher that of March 2013 which was 8.6 percent. "Sanusi and his gang at Central Bank of Nigeria have made it their agenda to lower inflation rate below 10 percent since 2009. But that has been elusive, except in July and August 2011, when the inflation rate registered 9.4 and 9.3 per cent respectively. Since then the inflationary…

Stephen Keshi and Super Eagles: Afripol Persons Of The Month.

*I am so proud to be Nigerian – Moses *It’s a dream come true – Mba *I thank God for giving me this victory in my final appearance – Yobo It was nineteen years ago that Super Eagle last won the Africa Cup of Nations championship. But once again they made another history in the annals of African football landscape by defeating the Burkina Faso by a alone goal scored by Sunday Mba. This is a sweet and magnificent victory by The dominant Super Eagle, a breakthrough spearheaded by the great and enduring Coach of Super Eagle Stephen…

Nigeria police: Hyundai paid $187K to free workers

Hyundai Heavy Industries Co. paid about $187,000 to free four abducted South Korean workers and their local colleague, a lucrative ransom showing the continuing allure of kidnapping in Nigeria's oil-rich southern delta, police said Friday. South Korean officials declined to say whether they paid a ransom when announcing the hostages' release on Dec. 22, following the pattern of other foreign governments and companies operating in the Niger Delta when dealing with abductions. However, cash payments often represent the only safe way of getting back expatriate workers in the region since militants began attacks there in 2006. Police…

IMF Mission to Mali

Statement at the Conclusion of an IMF Mission to MaliPress Release No.12/437November 14, 2012 A mission from the International Monetary Fund (IMF), led by Christian Josz, visited Bamako from November 1 to 14 and reached preliminary agreement on providing support to Mali under the Rapid Credit Facility. The mission met with Cheick Modibo Diarra, Prime Minister; Tienan Coulibaly, Minister of Economy, Finance and Budget; Konzo Traore, National Director, Central Bank of West African States (BCEAO); and representatives from the National Assembly, civil society, unions, the private sector, and Mali’s development partners. Following the mission, Mr. Josz issued the following…

Oshiomhole decleared winner of Edo governorship election

Adams Oshiomhole of Action Congress of Nigeria (ACN) is the winner of the July 14th governorship elections in Edo State by land slide. “I, Prof Oshiodi as the returning officer, hereby certify that I was the returning officer of the July 14 governorship election and hereby declare that Oshiomhole having satisfied the requirement of the law and having scored the highest number of votes cast is hereby declared winner.’’ With these words, Vice-Chancellor of the University of Benin, Professor Osayuki Oshodi, The Independent National Electoral Commission (INEC)’s returning officer declared Adams Oshiomhole of Action Congress of Nigeria (ACN) the winner…

PhotoNews: Nigeria's plane crash

A Dana Airline passenger commercial flight crashed and killed all the 153 passengers on board "A commercial airliner crashed into a densely populated neighborhood in Nigeria’s largest city on Sunday, killing all 153 people on board and others on the ground in the worst air disaster in nearly two decades for the troubled nation. The cause of the Dana Air crash remained unknown Sunday night, as firefighters and police struggled to put out the flames around the wreckage of the Boeing MD83 aircraft. Authorities could not control the crowd of thousands gathered around to see the crash site, with some crawling over the…

Sudan says it pumping oil from Heglig field

Sudan said on Wednesday the Heglig oilfield, scene of intense fighting with South Sudan last month, has been repaired and has started pumping the oil that is the lifeblood of the north's economy. The two countries have been embroiled in weeks of fighting along their 1,800 km (1,200 mile) border, threatening to tip the region, which sits on one of Africa's most significant oil deposits, into a full-blown conflict. The United Nations Security Council approved a resolution that threatens both countries with sanctions if they do not stop fighting and resume negotiations within two weeks, as demanded by…

Africa is most profitable area in the World

Africa is most profitable area, say economists Africa is the world’s most profitable region, says Econometrix chief economist Azar Jammine. At a presentation in Johannesburg yesterday, he cited an analysis by the University of Oxford which showed that, adjusted for risk, Africa came out “way above” Asia and Latin America. Jammine, with Frontier Advisory chief executive Martyn Davies, presented the findings of the MasterCard Worldwide Insights report, entitled Taking Stock: The State of Sub-Saharan Africa. The report shows growth in the region has not been dominated by mining. Between 2002 and 2007, the fastest growing sectors were hotels and restaurants,…

What's Going On in Ivory Coast?

France based News Agency- AFP reported "Peacekeepers control Abidjan airport, French military says" AFP further reported that "UN and French peacekeepers have taken control of Abidjan airport, the French military said Sunday, as clashes in the city continued between forces loyal to rival leaders Alassane Ouattara and incumbent Laurent Gbagbo." http://www.france24.com/en/20110403-ivory-coast-france-takes-over-abidjan-airport-boosts-peacekeepers-unoci CNN reported that "The west African country of Ivory Coast - also known as Cote d'Ivoire -- has been rocked by civil conflict as forces loyal to opposition leader Alassan Ouattara seek to oust incumbent president Laurent Gbagbo after a disputed presidential election last November. Most of the international…