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IMF: INCREASING SDR CAN BENEFIT AFRICA
Region: NigeriaEconomic perspective and analysis by Emeka Chiakwelu International Monetary Fund (IMF) will substantially increase its Special Drawing Rights (SDRs) from its lower original reserve to 204 billion which is proportionate to $324 billion. In the last G-20 summit held in America, the members of this important group of the largest economies gave the IMF the green light for creation of significantly larger SDRs. ... more
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GOVERNOR SHEKARAU BAGS AFRIPOL ACHIEVEMENT AWARD
Region: NigeriaThe Board of Directors, Management and Staff of Afripol Organization (Africa Political and Economic Strategic Centre) have awarded His Excellency Malam Dr. Ibrahim Shekarau, The Executive Governor of Kano State, Nigeria the AFRIPOL Achievement Award – THE ENVROMENTAL GOVERNOR. His Excellency Malam Dr. Ibrahim Shekarau was honoured because of his vision and effort in embarking on integrated environmen... more
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Nigerian Banks Receive $4B Infusion
Region: NigeriaAnalysis by Emeka Chiakwelu strategist@afripol.org Central Bank of Nigeria (CBN) have infused the total sum of N600 billion naira ($3.96 billion) into the Nigerian banking sector to recapitalize the banks that have been plagued with liquidity crisis and credit crunch caused by excessive lending, profligacy and corruption. The recent audits of the Nigerian banks by the Cen... more
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With mixed feelings we celebrate Nigeria’s independence anniversary
Region: NigeriaBy Emeka Chiakwelu strategist@afripol.org Nigeria is 49 years today. On October 1st, 1960 the colonial master Great Britain lowered down her union jack and Nigeria raised her green-white-green flag, simultaneously singing her new national anthem written by a British expatriate, Lillian Jean Williams. Nation building has not been easy for Nigeria, for she have gone through tra... more
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AFRIPOL SUPPORTS GOV. SCHWARZENEGGER’S GLOBAL CLIMATE SUMMIT
Region: NigeriaThe second global climate summit summoned by Governor Arnold Schwarzenegger of California will take off September 30th - October 2nd. The ramification of climate change is real and the world community must be organized and pro-active to tackle the effects and impacts of the climate change. At this rudimentary stage, the impact of the climate change might be minimal but continent of Africa is being impacted sternl... more
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CORRUPTION ELIMINATION IN NIGERIA AND AFRICA
Region: NigeriaCommentary and Analysis Africa Political and Economic Strategic Center (Afripol) supports and encourages a genuine, candid and sincere fight against corruption in Nigeria and Africa in general. Economic and Financial Crimes Commission (EFCC) is the premier agency that was mandated by presidential executive order to investigate, fight and establish the fundamental premise for c... more
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What Africa Needs from the West
Region: NigeriaBy Emeka Chiakwelu www.afripol.org strategist@afripol.org At Glenglades in Scotland 2005, the G8 nations under the leadership of former Prime minister of Britain, Mr. Blair proposed to increase foreign aid to African countries to the tune of $50 billions in the next decades. The G8 nations pledged to effectuate debt remission for most highly indebted nations in the developing nations. Fourteen n... more
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Nigeria payment of foreign debt: The largest transfer of wealth in modern time
Region: NigeriaBy Emeka Chiakwelu www.afripol.org strategist@afripol.org Nigerian government in the year 2006 paid almost $20 billion to two giant international syndicates: Paris Club and London Club of Creditors to settle her foreign debts. This transfer of wealth by a relatively poor nation contradicts the entire prudent financial judgment and rudimentary economic disposition preached to Nigeria by Internatio... more
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Central Bank of Nigeria needs to reform the banking system
Region: Nigeriawww.afripol.org strategist@afripol.org Things have fallen apart in Nigerian banking system and it is beginning to look like the center cannot hold anymore. Nigerian banking is in deep crisis and pragmatic steps must be taken to arrest the ugly situation. Central Bank of Nigeria (CBN) has just announced the dismissal of managing directors of five ... more
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NIGERIA VENTURING INTO NUCLEAR AGE: PRECAUTIONARY MEASURES ARE NECESSARY
Region: NigeriaBy Emeka Chiakwelu strategist@afripol.org www.afripol.org Nuclear energy and nuclear technology can be of great aid to Nigeria in her endeavor to supply steady, reliable and clean energy for her domestic electric consumption. Without doubt Nigeria at this stage of her industrial stage must do something about the paucity of electricity to power her industries and residential homes. Nuclear technology with its entire pr... more
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