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Nigeria Retains Third Most Attractive Investment Destination In Africa - Politics (4) - Nairaland

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Re: Nigeria Retains Third Most Attractive Investment Destination In Africa by AlphaCEO: 7:26pm On Oct 18, 2021
Cholls:
My brother I find this article really insightful.


Under the cover of counterterrorism, AFRICOM is beefing up Nigeria’s military to ensure the free flow of oil to the West, and using the country as a proxy against China’s influence on the continent.


Last month, Nigeria’s President Muhammadu Buhari wrote an op-ed in the Financial Times. It might as well have been written by the Pentagon. Buhari promoted Brand Nigeria, auctioning the country’s military services to Western powers, telling readers that Nigeria would lead Africa’s “war on terror” in exchange for foreign infrastructure investment. “Though some believe the war on terror [WOT] winds down with the US departure from Afghanistan,” he says, “the threat it was supposed to address burns fiercely on my continent.”

With Boko Haram and Islamic State operating in and near Nigeria, pushing a WOT narrative is easy. But counterterror means imperial intervention. So, why is the Pentagon really interested in Nigeria, a country with a GDP of around $430 billion – some $300 billion less than the Pentagon’s annual budget – a population with a 40 percent absolute poverty rate, and an infant mortality rate of 74 deaths per 1,000 live births, compared to 5.6 per 1,000 in the US?

A US Naval Postgraduate School doctoral thesis from over a decade ago offers a plausible explanation: the Gulf of Guinea, formed in part by Nigeria’s coastline, “has large deposits of hydrocarbons and other natural resources.” It added: “There is now a stiff international competition among industrialized nations including the United States, some European countries, China, Japan, and India.”

Since then, the US has been quietly transforming Nigeria’s police and military into a neo-colonial force that can support missions led by the US Africa Command (AFRICOM). Buhari’s offer makes US involvement in Nigeria appear as if Nigeria is asking for help, when in fact the stage is already set for AFRICOM.

The Pentagon’s broader aim is to stop China and Russia from gaining a foothold in the continent. In the meantime, it aims to crush any and all opposition groups that disrupt energy supplies so that oil giants can continue exploiting Nigeria’s resources.

A brief history of a complex country

It’s important to get an idea of Nigeria’s ethnic and regional complexities. The country’s 206 million people, nearly half of whom are Muslim and nearly half Christian, live north of the equator in West Africa. Their country has 36 states, seven of which are coastal. The country borders Cameroon in the east, Benin in the west, Chad in the northeast, and Niger in the north and northwest.

A US Strategic Studies Institute report from the mid-‘90s describes Nigeria as “an artificial state created according to colonial exigencies rather than ethnic coherence.” Its fragility explains the country’s susceptibility to ethnic, religious, and class warfare. The majority of Nigerian Muslims are Sunni, but Islam in the country spans the spectrum, from Sufism to Salafism. The Christian population is distributed among the Protestant majority as well as Anglicans, Baptists, Evangelicals, Catholics, Methodists, and Roman Catholics. Most of Nigeria’s Muslims live in the north in 12 states whose laws are based on sharia.

Nigeria boasts hundreds of languages and ethnicities, the largest groups being the Hausa (who make up 30 percent of the population), Yoruba (15.5), Igbo (a.k.a., Ibo 15.2), and Fulani (6 percent). There are, of course, exceptions, but in general the Hausa-Fulani and Kanuri peoples tend to be Muslim and the Igbo, Ijaw, and Ogoni Christian. Islam and Christianity tend to be mixed among the Yoruba. During the late-19th century “Scramble for Africa,” the British colonized the region, Christianizing the south and leaving in place the Islamic political structures in the north both for convenience and as a useful divide and rule technique.

Black gold, British rule

Drawing up “contracts” for energy companies, the Foreign Office (FO) created a monopoly for Anglo-Persian oil (later BP) and particularly for Shell. Prospecting contracts were awarded by the FO in the late-1930s, but it was as late as 1956 that financially viable amounts of black gold were struck. Most of the country’s oil is in the southern, Niger Delta region populated by the Ijaw and Ogoni peoples, hence there is little militant Islam in Nigeria’s illicit oil sector. Shell operations began in Ogoniland in 1958.

Nigeria gained slow and painful independence from Britain in 1960. Seven years later, armed Igbo fought a war of secession in the oil-rich south to try to form their own country, the Republic of Biafra. Under a One Nigeria policy, the British supported the central regime of General Yakubu Gowon during the Biafra War (1967-70). Fighting and blockade  led to three million deaths. Biafra failed to secede.

The UK Labour government’s Commonwealth Minister, George Thomas, explained at the time: “The sole immediate British interest in Nigeria is that the Nigerian economy should be brought back to a condition in which our substantial trade and investment in the country can be further developed, and particularly so we can regain access to important oil installations.”

As the British Empire declined, the US gradually pursued the same policy in Nigeria. At first, the US considered supporting Biafra.

The Kennedy administration initiated $170 million in economic and military spending in Nigeria under a plan that continued until 1966, into the Johnson administration. William Haven North, who served as the Director for Central and West African Affairs for the US Agency of International Development (USAID) said: “The issue of supporting Biafra was also tied up with the question of oil interests; the major part of the oil reserves in Nigeria were in the Eastern Region with substantial American oil company investments.” In 1978, the US Navy’s Sixth Fleet began the regular exercises in the Gulf of Guinea that continue to the present.


Indigenous activist Ken Saro-Wiwa was arrested on phony charges and executed by a Nigerian military functioning as a private army for the Shell oil company

Enter Uncle Sam

In 1990, the Nigeria-dominated Economic Community of West African States (ECO) established a military wing, the so-called Monitoring Group (ECOMOG). The George H.W. Bush administration contributed $100 million. The succeeding Clinton White House said that for so-called peace-keeping operations in other African countries like Liberia and Sierra Leone, “Nigeria provided most of the ‘muscle’.” At this point, the seeds were sown for Nigeria’s use as a delegate for US wars in Africa.

By the dawn of the new millennium, the 3rd Special Forces Group (Army Command) was training Nigerian battalions to assist United Nations support missions. The Nigerian military enjoyed tens of millions of dollars-worth of US weapons.

Meanwhile, indigenous activists suffering under oil spills and environmental destruction established the Movement for the Survival of the Ogoni People. Nine of this group’s leaders, including Ken Saro-Wiwa, were later arrested on trumped up charges and executed by the national military that had been funded by Shell to act as its own private army.

The murders sparked international outrage and activists successfully pressured the US to terminate military aid. General Sani Abacha, under whose dictatorship the Ogoni Nine were hanged, established a Multinational Joint Task Force (MNJTF) to fight both activists and gangs. The MNJTF was later centered in Chad and used as a base from which to fight Boko Haram.

In 1999, Nigeria ended its military rule, at least on paper. By the mid-2000s, Human Rights Watch was wrote that, under the façade of parliamentary democracy, “the conduct of many public officials and government institutions is so pervasively marked by violence and corruption as to more resemble criminal activity than democratic governance.”

With the Ogoni, Ijaw, and other Niger Delta peoples crushed with force, some turned to violence. Following lobbying by Shell, Nigeria’s old colonial master, the UK, began spending taxpayer money on military operations to counter armed groups: £12 million between 2001 and 2014, when Campaign Against the Arms Trade (CAAT) co-authored their report. CAAT documents the UK exportation of nearly £500m-worth of weapons to Nigeria in that period, including missiles and grenades. It cites increased UK arms exports as a direct reason for the failure of the southern ceasefire. UK “security contractors” including Control Risks, Erinys, Executive Outcomes, and Saladin Security were embedded with mobile police units to crush protestors.

Nigeria and the “war on terror”

Western propaganda paid less attention to Shell’s systemic violence against the Ogoni and other peoples, focusing instead on the more headline-grabbing resistance, such as high-profile ransom kidnappings and pipeline disruption. State oppression in the drier, less fertile north, meanwhile, fed the narrative pushed by Islamic groups: that Western culture is toxic.

Founded in 2002 and led by Mohammed Yusuf who was later executed by the state, Boko Haram is officially called the Group of the People of Sunnah for Preaching and Jihad (Jamā’at Ahl as-Sunnah lid-Da’wah wa’l-Jihād). It emerged in the northeastern city, Maidugari, close to Chad and Cameroon, where it set up semi-autonomous communities. Religious graduates who studied in Sudan attempted to form similar communes but were attacked by the police. In 2009, Boko Haram members allegedly fired at a police station in Bauchi. The government response was to trigger civil war.

The MNJTF mentioned above, is described as “notorious” in a British House of Commons Library report. It was reactivated, this time to fight the Islamists. The report also notes how the Nigerian Armed Forces terrorized the civilian population with raids, arrests, and indiscriminate shelling.

The UK ramped up its training of Nigeria’s military while the US used Chad as a base for its “war on terror” operations: the Pan-Sahel Initiative (covering Chad, Mali, Mauritania, and Niger) and the Trans-Sahara Counterterrorism Partnership (which included Algeria, Morocco, Nigeria, and Tunisia). AFRICOM’s initial operations in Nigeria involved maritime training and integrating the country’s forces with those of other African nations to foster pan-African military alliances.

In its early years, AFRICOM paid little attention to Boko Haram. But this changed as the profile of attacks got bigger.

In 2011, Boko Haram launched a formal insurgency. A report published that year by the US House of Representatives Homeland Security Subcommittee on Counterterrorism and Intelligence outlined Boko Haram’s roots and the reasons for its popularity. They included “a feeling of alienation from the wealthier, Christian, oil-producing, southern Nigeria, pervasive poverty, rampant government corruption, heavy-handed security measures, and the belief that relations with the West are a corrupting influence.” It added that “[t]hese grievances have led to sympathy among the local Muslim population despite Boko Haram’s violent tactics.”

These grievances were met with the kind of violence that further fuels grievances.

The US escalates involvement

In the context of the “war on terror,” the Pentagon saw Boko Haram as an opportunity to train Nigeria’s military and employ it for its objectives. The primary US goal was ensuring that the oil-rich regions did not fall into enemy hands.

The Congressional Research Service noted that by the time AFRICOM was founded in the late-2000s, Africa “supplie[d] the United States with roughly the same amount of crude oil as the Middle East.” An Armed Services Committee report in 2011 noted: “Nigeria’s oil rich Niger Delta is a major source of oil for the United States outside of the Middle East.” The US Energy Information Administration states: “Nigeria is the largest oil producer in Africa. It holds the largest natural gas reserves on the continent and was the world’s fifth–largest exporter of liquefied natural gas.” The country has 37 billion barrels of proven crude, second only to Libya, which was bombed to pieces by the US and NATO in 2011.

Nigeria’s forces summarily executed Boko Haram’s leader Yusuf in 2009. A thesis published by the US Naval Postgraduate School notes that in addition to the assassination, “security forces killing or displacing thousands of Nigerian Muslims, is credited with swelling [Boko Haram BH]’s ranks.”

Yusuf’s deputy, Abubakar Shekau, took over and escalated a suicide bombing campaign. The Navy thesis also notes that “the actions of BH, along with other militant groups such as the Movement for the Emancipation of the Niger Delta (MEND), have reduced the country’s oil production, displacing Nigeria from 5th to 8th on the list of America’s largest foreign oil suppliers.”

In 2013, the states of Adamawa, Borno, and Yobe imposed emergency powers. The Pentagon announced a $45 million-dollar budget to counter Boko Haram by training troops in Benin, Cameroon, Chad, Niger, and Nigeria. One of the consequences is that Nigeria has been transformed from a peripheral US interest to a proxy force. Years of war, mostly in the north and border regions, have led to 2.1 million internally displaced people. The World Food Program calculates that 3.4 million face hunger and that 300,000 children are malnourished.

Building a Sparta state

In June 2014, it was reported that a 650-person unit, the Nigerian Army’s 143rd Battalion, was set up on the ground and trained by US Special Forces from the California Army National Guard’s Special Operations Detachment-US Northern Command and Company A, 5th Battalion 19th Special Forces Group (Airborne). By then the Nigerian Army was active in 30 out of the country’s 36 states.

Chief of the US Army Africa’s Security Cooperation Division, Colonel John D. Ruffing, said: “It is not peacekeeping … It is every bit of what we call ‘decisive action,’ meaning those soldiers will go in harm’s way to conduct counterinsurgency operation[s].” One US soldier said: “This is a classic Special Forces mission—training an indigenous force in a remote area in an austere environment to face a very real threat.”

In 2015, Boko Haram’s leader Shekau reportedly pledged allegiance to Islamic State, rebranding the organization IS West African Province (ISWAP). A Congressional Research Service report notes that ISWAP “has surpassed Boko Haram in size and capacity, and now ranks among IS’s most active affiliates.”

It’s not as if strategists don’t understand that violence doesn’t work. They understand that violence escalates violence which can then be used as pretexts for more violence. A US Council on Foreign Relations article from 2020 notes: “the last two years have been deadlier than any other period for Nigerian soldiers since the Boko Haram insurgency began.”

As the war against Boko Haram waged on, Niger Delta gangs in the south threatened to resume attacks on oil infrastructure. US “aid” expanded to include training the Nigerian Police Force (NPF) across the country. In November 2016, 66 officers graduated from the Fingerprint Analysis and Forensics training program, an initiative run by the US Embassy in collaboration with the Office of International Narcotics and Law Enforcement and Atlanta Police Department.

In March 2017, 28 Nigerian officers graduated from courses offered by the International Narcotics and Law Enforcement Affairs division, led by US police from Prince William County, Virginia. The program also provided “equipment, training, mentoring, and capacity-building support to various Nigerian law enforcement and justice sector institutions.”


U.S. Army soldiers deployed to Nigeria Army’s School of infantry trained more than 200 Nigerian soldiers in 2018

Expanding AFRICOM’s role

In what the US State Department calls a “whole of government” approach, military operations continued as police training expanded. In early-2018, 12 US Army soldiers, led by Captain Stephen Gouthro, trained 200 Nigerians at the Nigerian Army’s School of Infantry. Facilitated by the US Army Africa, eight Security Assistance and Training Management Organization soldiers and four 1st Brigade Combat Team soldiers shared “ground-combat tactics” with the Nigerian Army’s 26th Infantry Battalion.

In July this year, US Army Special Forces trained 25 officers of the Nigerian Navy Special Boat Service as part of JCET: a five-week Joint Combined Exchange Training program.  The Acting US Consulate Political and Economic Chief, Merrica Heaton, says that the training is designed to help the Nigerian military stop crime in the Gulf of Guinea and “counter violent extremists in the Northeast and enforce the rule of law throughout the region.”

As observers seemingly spotted the top-secret US stealth drone—Northrop Grumman’s RQ-180—over the Philippines, the Department of Defense sold nearly $500 million-worth of propeller planes to Nigeria, marking what the US Embassy and Consulate describes as “an historic level of cooperation …  between the U.S. and Nigerian militaries.” AFRICOM recently confirmed that the inauguration of twelve A-29 Super Tucanos into the Nigerian Air Force will serve a “critical role in furthering regional security and stability.”

The Pentagon allocated $36.1 million to the US Army Corps of Engineers to renovated Kainji Air Base, which will host the Super Tucanos. In addition to training simulator and small arms storage units, the Base includes “aircraft sunshades, a new airfield hot cargo pad, perimeter and security fencing, airfield lights, and various airfield apron, parking, hangar, and entry control point enhancements.”

To be continued on request!!!!!!
Re: Nigeria Retains Third Most Attractive Investment Destination In Africa by Ovamboland(m): 6:40am On Oct 20, 2021
Grayoso:


You would appreciate what is attractive about Nigeria, despite all her 'issues' , if you were a foreign investor looking for a profitable outlet to deploy your investment capital.

As it is, you're Nigerian so you can't see anything good about Nigeria.

Nigerians want to run away to foreign countries to go and sweep the road and earn dollars that will become plenty naira when exchanged. Foreigners want to come and invest in Nigeria to get a profit margin they can only dream of in their own country
Re: Nigeria Retains Third Most Attractive Investment Destination In Africa by Ovamboland(m): 6:45am On Oct 20, 2021
South123:
[color=#550000]
See your life, what makes you the so called "giant of Africa"then if you can't lead in African economy? Abi na only mouth una get.

USA is world largest economy giant, but are they leading every country in every economic development indices? Do they have the best education, healthcare, security, per Capita income in the world?


Which Ghanian or South African or foreign investor can match Dangote $16bn investment? BUA is investing in 200,000 barrel refinery, another up to $8bn investment. Govt is investing $30bn in rail development.
We are now wailing because Ghana got $5bn fdi.

Local investments is more valuable and should be encouraged and developed
Re: Nigeria Retains Third Most Attractive Investment Destination In Africa by Ovamboland(m): 2:22pm On Oct 20, 2021
AlphikkaTech:


During GEJ tenure, Nigeria was first in Africa. We are going backwards. This is most likely politically motivated article.

Nigeria was never first in Africa in all economic parameters. We however remain number 1 till today.

The difference between Nigeria GDP and number 2 South Africa is bigger than the total economy of Ghana.
Difference oh!
Re: Nigeria Retains Third Most Attractive Investment Destination In Africa by Ovamboland(m): 2:42pm On Oct 20, 2021
learnedman:
Lies lies lies! I hope lying Mohammed is not the sponsor of this fake news! shocked

If they tell a homeless man on the streets of New York that USA is the richest country in the world, he will think and respond like you, and retort it's a lie, otherwise why should he be homeless?
Re: Nigeria Retains Third Most Attractive Investment Destination In Africa by Ovamboland(m): 2:45pm On Oct 20, 2021
iKingsley:
China is doing well, you chose to use India to do the comparison so it will suit your excuse. Rubbish!

On how many economic indices is China number one or two?
They are low on income or GDP per Capita, HDI is not highest in the world,
Re: Nigeria Retains Third Most Attractive Investment Destination In Africa by Ovamboland(m): 3:05pm On Oct 20, 2021
Grayoso:


That is your own view and one you have perhaps because you have written off your own Country and blinded yourself to the opportunities available there.

The same Nigeria many of you curse and plot to escape 24/7 is the same nation folks from Lebanon, India, China etal are trooping into daily to invest in, make money from and conduct business in.

Some of these guys come here to package drinking water for us, some fry ordinary plantain chips, or supply flavoured drinks for our kids, or bake biscuits and sweets. Some of these production units can be set up with funds we use to import used SUV or throw large parties.
Yet we complain of nothing to do in Nigeria.
Our problem is more of lack of ideas and acumen to see it to reality.

The foreigners too face the same local realities
Re: Nigeria Retains Third Most Attractive Investment Destination In Africa by Ovamboland(m): 3:14pm On Oct 20, 2021
SocialJustice:
See the kind people you dey call. They come here to exploit and enslave Nigerians, I don't regard that as doing business. I mean proper business that employ Nigerians with good job benefits not those slave camps they call business.

Even the people you mentioned goes a long way to show the toxic business environment. Omo, if Americans and western Europeans are not in your country enmasse doing business, just forget it. Na scavengers, you dey call business people. grin

I haven't written Nigeria off o, sometimes I want to but the country nerds all the help and reforms it can get. Currently, I need help so make I dey my lane first.

See the type of mentality that has kept us where we are.

Our middle class will save 20m and the next thing they are thinking of is how to relocate their family abroad. If 2 of such nigerians team up, they will have 40m to start what most Lebanese indians set up. Let them enslave Nigerians with low wages, it's better than leaving them unemployed and a burden to another low wage person. Rather than take this money abroad to help their economy to repay their debt while searching for demeaning jobs.
Re: Nigeria Retains Third Most Attractive Investment Destination In Africa by Ovamboland(m): 3:29pm On Oct 20, 2021
Torture2020:
Are you aware there are more poor people in Nigeria than any other country in the world, according to the United Nations? Nigeria took that title from India.

What is the point in having millionaires and billionaires when the vast majority of the people are desperately poor?

By the way, Ghana has a bigger per capita GDP than Nigeria.


There are 14 countries with higher per capita GDP compared to USA, it doesn't necessarily mean they're all more advanced than USA.

The difference in per Capita gdp (PPP) of Nigeria and Ghana is insignificant, maybe about $250 from a baseline of $5000
Re: Nigeria Retains Third Most Attractive Investment Destination In Africa by AlphikkaTech: 3:52pm On Oct 20, 2021
Ovamboland:


Nigeria was never first in Africa in all economic parameters. We however remain number 1 till today.

The difference between Nigeria GDP and number 2 South Africa is bigger than the total economy of Ghana.
Difference oh!
Don't quote me again if you don't understand the parameters we are comparing.
There is a difference between GDP and FDI. The article clearly wrote about FDI - Foreign Direct Investment and not GDP. Nigeria became Africa's largest economy during President GEJ's tenure and had the highest FDI too during the same period. Nigeria has fallen from being the first Investment destination to being the third hence my conclusion that the article was politically motivated.
Re: Nigeria Retains Third Most Attractive Investment Destination In Africa by SocialJustice: 4:48pm On Oct 20, 2021
Ovamboland:


See the type of mentality that has kept us where we are.

Our middle class will save 20m and the next thing they are thinking of is how to relocate their family abroad. If 2 of such nigerians team up, they will have 40m to start what most Lebanese indians set up. Let them enslave Nigerians with low wages, it's better than leaving them unemployed and a burden to another low wage person. Rather than take this money abroad to help their economy to repay their debt while searching for demeaning jobs.
Omo make your money and do business, people who want to leave should leave.
Re: Nigeria Retains Third Most Attractive Investment Destination In Africa by Nobody: 6:55pm On Oct 20, 2021
Ovamboland:


Some of these guys come here to package drinking water for us, some fry ordinary plantain chips, or supply flavoured drinks for our kids, or bake biscuits and sweets. Some of these production units can be set up with funds we use to import used SUV or throw large parties.
Yet we complain of nothing to do in Nigeria.
Our problem is more of lack of ideas and acumen to see it to reality.

The foreigners too face the same local realities

God bless you my commonsensical brother. Foreigners face exactly the same problems Nigerians face and perhaps even more.

Nigerians who train themselves to think outside the box are still innovating and providing solutions while winning financially in the process. Everyone to their own sha.
Re: Nigeria Retains Third Most Attractive Investment Destination In Africa by Nobody: 1:01pm On Dec 05, 2021
Buhari says Nigeria is number 1,can we sue these guys?

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