The Nigerian central bank has imposed new foreign exchange controls to try to stem the flow of dollars out of the country. It means importers will not be able to get hard currency to buy a list of 40 items ranging from rice to cement. The list includes Indian incense, plastic and rubber products, soap and even private jets.It has also restricted access to the interbank currency market for the purchase of foreign currency bonds. In April, the central bank limited the amount that Nigerians could spend on credit cards abroad. The Nigerian currency, the naira, has plunged because of the fall in the oil price. Read More:&nbsp;

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Nigeria became a net importer of food and major importer of wheat, rice, sugar and fish.

Effect of food importation on Foreign Reserve

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Nigeria Country Report

As a Nigerian in the Diaspora I would love to go back after I finish my education to pursue my own dreams but realistically we are faced with obstacles that cause many diasporans to become reluctant to return back to Africa to start up a business. Here are my reasons why…

Nigeria in Diaspora

Nigeria in Diaspora by VENTURES AFRICA –  On one of my social media networks I spotted a comment that said “By the time Africans get featured in an article like this the gNigerians old rush will be over.”

In African culture and spiritual life, the conception of togetherness has grounded a categorical responsibility for caring for the community, addressing its needs, and safeguarding its communal essence.

International Seminar on Africa’s Ethics of Care Facing COVID-19

Nigeria became a net importer of food and major importer of wheat, rice, sugar and fish. Importation of these four commodities consumes over N1tn in foreign exchange every year since 2005. The Central Bank of Nigeria showed that Nigeria is the world’s largest importer of United States hard red and white winter wheat, with an annual food import of N635bn….Read More

Rights: Can view and downloadLicense: All Rights ReservedThis report has been published by Laurea University of Applied Sciences. Online version of this report can be accessed at http://www.laurea.fi/en/connect/results/Documents/Nigeria%20Country%20Report.pdf.All rights related to this document is being reserved by Laurea University of Applied Sciences.

Nigeria in Diaspora by <a href="http://venturesafrica.com/why-the-nigerian-diaspora-wont-return-home/" target="_blank">VENTURES AFRICA</a> – On one of my social media networks I spotted a comment that said “By the time Africans get featured in an article like this the gNigerians old rush will be over.” Of course you can easily interpret this statement in several ways but it spoke volumes about how Africans tend to always be last in everything.As a Nigerian in the Diaspora I would love to go back after I finish my education to pursue my own dreams but realistically we are faced with obstacles that cause many diasporans to become reluctant to return back to Africa to start up a business. Here are my reasons why…<h2>The Political Climate</h2>The political climate in Nigeria is one of the number top reasons why the Nigerian Diaspora refuse to go back to Nigeria. Despite a democratic society, the political system is still full of corruption and lack of transparency.If we compare our political history to a developing country such as Malaysia you will see some similarity as both countries received independence two years apart from each other from British rule. Even in the 1960’s Nigeria was ahead of Malaysia economically wise and had vast more natural resources. If we compare both countries as of today, Malaysia has been able to pull ahead in terms of development. In Malaysia, a person can literally start a business in less of week versus Nigeria which is 30 plus days. Interestingly enough there is an increasing Nigerian base in Malaysia. In other countries hard work can actually turn into a successful business like Chris Aire who has created a jewelry empire or Kase Lawal a well known business man in the oil sector. In Nigeria there are many businesses thriving based off their own work, but as well just as many growing because of ties these companies have with the government.<h2>Lack of infrastructure</h2>It is 2012 and Nigeria still does not have a stable power for companies to run businesses. Many companies in Nigeria use over 10% of their income to run power from day to Night. In other countries running power for the company is the least of one’s concern and normally amount to 1% to 2 %. Besides the power, roads are an eyesore and connectivity is still a problem among businesses. These issues have stifled Nigerians for decades who dream of building a business. Many Nigerians in the Diaspora have great ideas but are held back simply because Nigeria lacks the infrastructure to turn their idea into a viable business.<h2>Out of touch with Nigeria</h2>Let’s face it some people in the diaspora are just simply out of touch. They have no clue what is taking place in Nigeria and some do not even want to know. Other countries do a great job of connecting their people in the diapora to their home countries. In India a person from the Diaspora sits on parliament. Chinese have groups in the Diaspora that actually have influence in Chinese affairs. If we look in Liberia they allow they citizens in the Diaspora to vote in government elections. Yes, we can say we have “people” in the government who are suppose to handle Diaspora affairs, but what can we say they have done. We have groups in the Diaspora who are there to help Nigerian entrepreneurs invest back into Nigeria, but instead it becomes a power struggle of who will lead the group. In this area the Diaspora affairs must improve in order to create a better bridge between those in and out of Nigeria.<h2>The comfort of being overseas</h2>Time and time again I meet Nigerians who continue to say I want to back to Nigeria one day and it never becomes a reality. I remember jumping in a taxi cab on my way to a meeting and coincidentally the taxi driver was a Nigerian. He was telling me his journey from Nigeria and how he wishes to go back but he is just use to his routine in the US. Many people aspire to be entrepreneurs but some rather deal with the comfort of 9 to 5 rather than going back to Nigeria to deal with the headache. Nigerians who have left to go back to Nigeria get there to discover a pile of empty promises. People who said they will connect them with so and so end up being dead ends. Staying in the Diaspora may not be the ideal route, but to many Nigerians it is considered the safe route.Despite all of these roadblocks to go back to Nigeria I am still moved by the vast opportunities to try my luck and move back to Nigeria. There are many Nigerians who have gone back and have made a successful name for themselves. Nigeria is growing by leaps and bounds ripe for development. It will be difficult to assimilate back into the country, but anything great is not easy to obtain. The challenges of Nigeria should not discourage people in the Diasporas; it should in fact encourage us to transfer our skills to build up Nigeria. As a wise man once told me, “Nigerians are walking on money; the opportunities are far too great to not see them”. I call on Nigerians in the Diaspora to migrate back to Nigeria to take advantage of these opportunities. Do not wait for the gold rush to be over tap into Nigeria’s potential.Published by VENTURES AFRICA&nbsp;<a href="http://venturesafrica.com/why-the-nigerian-diaspora-wont-return-home/" target="_blank">Read More..</a>&nbsp;

Nigeria in Diaspora by VENTURES AFRICA – On one of my social media networks I spotted a comment that said “By the time Africans get featured in an article like this the gNigerians old rush will be over.” Of course you can easily interpret this statement in several ways but it spoke volumes about how Africans tend to always be last in everything.As a Nigerian in the Diaspora I would love to go back after I finish my education to pursue my own dreams but realistically we are faced with obstacles that cause many diasporans to become reluctant to return back to Africa to start up a business. Here are my reasons why…<h1>The Political Climate</h1>The political climate in Nigeria is one of the number top reasons why the Nigerian Diaspora refuse to go back to Nigeria. Despite a democratic society, the political system is still full of corruption and lack of transparency.If we compare our political history to a developing country such as Malaysia you will see some similarity as both countries received independence two years apart from each other from British rule. Even in the 1960’s Nigeria was ahead of Malaysia economically wise and had vast more natural resources. If we compare both countries as of today, Malaysia has been able to pull ahead in terms of development. In Malaysia, a person can literally start a business in less of week versus Nigeria which is 30 plus days. Interestingly enough there is an increasing Nigerian base in Malaysia. In other countries hard work can actually turn into a successful business like Chris Aire who has created a jewelry empire or Kase Lawal a well known business man in the oil sector. In Nigeria there are many businesses thriving based off their own work, but as well just as many growing because of ties these companies have with the government.<h1>Lack of infrastructure</h1>It is 2012 and Nigeria still does not have a stable power for companies to run businesses. Many companies in Nigeria use over 10% of their income to run power from day to Night. In other countries running power for the company is the least of one’s concern and normally amount to 1% to 2 %. Besides the power, roads are an eyesore and connectivity is still a problem among businesses. These issues have stifled Nigerians for decades who dream of building a business. Many Nigerians in the Diaspora have great ideas but are held back simply because Nigeria lacks the infrastructure to turn their idea into a viable business.<h1>Out of touch with Nigeria</h1>Let’s face it some people in the diaspora are just simply out of touch. They have no clue what is taking place in Nigeria and some do not even want to know. Other countries do a great job of connecting their people in the diapora to their home countries. In India a person from the Diaspora sits on parliament. Chinese have groups in the Diaspora that actually have influence in Chinese affairs. If we look in Liberia they allow they citizens in the Diaspora to vote in government elections. Yes, we can say we have “people” in the government who are suppose to handle Diaspora affairs, but what can we say they have done. We have groups in the Diaspora who are there to help Nigerian entrepreneurs invest back into Nigeria, but instead it becomes a power struggle of who will lead the group. In this area the Diaspora affairs must improve in order to create a better bridge between those in and out of Nigeria.<h1>The comfort of being overseas</h1>Time and time again I meet Nigerians who continue to say I want to back to Nigeria one day and it never becomes a reality. I remember jumping in a taxi cab on my way to a meeting and coincidentally the taxi driver was a Nigerian. He was telling me his journey from Nigeria and how he wishes to go back but he is just use to his routine in the US. Many people aspire to be entrepreneurs but some rather deal with the comfort of 9 to 5 rather than going back to Nigeria to deal with the headache. Nigerians who have left to go back to Nigeria get there to discover a pile of empty promises. People who said they will connect them with so and so end up being dead ends. Staying in the Diaspora may not be the ideal route, but to many Nigerians it is considered the safe route.Despite all of these roadblocks to go back to Nigeria I am still moved by the vast opportunities to try my luck and move back to Nigeria. There are many Nigerians who have gone back and have made a successful name for themselves. Nigeria is growing by leaps and bounds ripe for development. It will be difficult to assimilate back into the country, but anything great is not easy to obtain. The challenges of Nigeria should not discourage people in the Diasporas; it should in fact encourage us to transfer our skills to build up Nigeria. As a wise man once told me, “Nigerians are walking on money; the opportunities are far too great to not see them”. I call on Nigerians in the Diaspora to migrate back to Nigeria to take advantage of these opportunities. Do not wait for the gold rush to be over tap into Nigeria’s potential.Published by VENTURES AFRICA –<a href="http://venturesafrica.com/why-the-nigerian-diaspora-wont-return-home/" target="_blank">Read More..</a>&nbsp;

Alternative Perspectives and Global Concernes (ap-gc.net)By Dr. Mahmoud MasaeliThe 6th International SeminarAfrica’s Ethics of Care Facing COVID-19In African culture and spiritual life, the conception of togetherness has grounded a categorical responsibility for caring for the community, addressing its needs, and safeguarding its communal essence. This responsibility is best manifested in African ethics of care in such a way that it is fundamentally different from the Western-based version of such ethics. In this particular ethics, taking care of other’s life is interwoven with not only a pathway to the formation and consolidation of the identity but also a sense of brotherhood and responsibility for the common good. In responding to the urgency of the COVID-19 calamity, and moving toward the construction of social life in the Post COVID-19 era, Africa’s ethics of care must play a role which is essentially different from the response to the pandemic by the western societies. It is quite evident that Africa complies with science and new discoveries in coping with the tough and unsettled situation. However, Africa enjoys a rich cultural and spiritual character that can help its people extend beyond the scientific aspects of dealing with the situation and provide complimentary assistance for the affected and vulnerable people. The questions raised for discussion in this seminar are:<ul><li>Would ethics of care in Africa’s culturally diverse perception, affect the current and standard scientific efforts in dealing with the COVID-19 Pandemic?</li><li>What is the essence of this ethics and what implication could it have for the pandemic and the Post COVID-19 era?</li><li>Could Africa’s spiritual and cultural worldview share its achievements with the rest of the world in the time of crisis? How?</li><li>In what way could ethics of care become a source of inspiration in fostering capacity-building, empowering vulnerable individuals, and restoring their dignity?</li><li>Given the experience learned from the COVID-19 pandemic, what advice could these ethics provide for social protection policies related to the affected people?</li></ul>This topic and exemplary questions raised will be discussed by our participants who are experts in Ethics, spirituality, politics, social activism, and politics. This seminar format webinar will be held via a Zoom teleconference and will be broadcasted live. It will also be recorded for offline social media.We encourage our speakers to submit a short paper of 1500-2500 words to be published on the website of APGC. The collected paper will also be published in a public e-book by APGC.Date: Friday, July 10th, 2020 Time: 13h00 East Canada and the US, 20h20 Central Europ, and 17h00 in NigeriaRegistration and Participation: Free of chargeZoom informationTopic: Africa’s ethics of careTime: Jul 10, 2020 01:00 PM Eastern Time (US and Canada)Join Zoom Meeting<a href="https://us02web.zoom.us/j/86000667724?pwd=eW1FdDQrcmtrWmkwRzhUME90WitLdz09" target="_blank">https://us02web.zoom.us/j/86000667724?pwd=eW1FdDQrcmtrWmkwRzhUME90WitLdz09</a>&nbsp;Meeting ID: 860 0066 7724Password: 875117The panelistsDr. Stanley Uche Anozie teaches at Indiana University Kokomo, Indiana. He is also an adjunct professor at University of Indianapolis, Indiana. In 2007, he was awarded a Master’s Scholarship from SSHRC and a Doctoral Fellowship from Ontario Graduate Scholarship (Canada) for 2011-2012. Anozie is Vice-President APGC (ap-gc.net). He has published extensively, among them is the 2020 Hans-Georg Gadamer and African Hermeneutic Philosophy. Anozie’s areas of research include Western Philosophy, African Philosophy and Religions, Africana Studies, Applied Ethics, Hermeneutics, Continental Philosophy, Hermeneutic of Political Belongingness, Social and Political Philosophy.Dr. Aderemi Oladele specialises in international development policy, Africa’s geopolitics, governance and public sector management. He works as a Senior Research Officer at the Permanent Delegation of Nigeria to UNESCO in Paris. His research interests are in Africa’s geopolitics and political economy; sustainable development; results culture in international development management; and the linkages between internationally development policy, national and local development.Aderemi is the Founder and Lead Analyst at 3psmars International, a nonprofitthink tank focused on capacity building and knowledge management for development effectiveness, with special focus on Africa.Dr. Kanakulya Dickson is a Lecturer in the Department of Philosophy, Makerere University. He holds a PhD (Makerere-Uganda); Licentiate (Linköping-Sweden); MA Philosophy (Bergen-Norway) and BA (Makerere-Uganda). He has research interest in bioethics, governance philosophy, sustainability studies, social justice, philosophy of peace, and futures research. Dickson has been involved in national, regional and international collaborative research and has several published works to his credit. He’s also a member of various research networks including: Alternative Perspectives on Global Concerns (APGC) group; Africa Policy Centre (APC) think tank; the European Society for Research in Ethics (Societas Ethica); and the Academic Network on Legal Empowerment of the Poor (ANLEP).Dr. Ikechukwu Anthony Kanu is a Professor of African Religion and Cultural Studies. He is currently the Rector of Villanova Polytechnic, Imesi Ile, Osun State and a Visiting Professor to the University of Jos, Plateau State and the Augustinian Institute, Makurdi. He is a member of the Governing Council of Veritas University Abuja, Nigeria; the Global President of the World Cultural Studies Research Association (WCSRA) based in India and the President of the Association for the Promotion of African Studies (APAS). Kanu is the Editor-in-Chief of IGWEBUIKE: An African Journal of Arts and Humanities (IAAJAH); Journal of African Studies and Sustainable Development (JASSD); Villanova Journal of Arts, Humanities and Social Sciences and AMAMIHE: Journal of Applied Philosophy.Dr. Mahmoud Masaeli is a Canadian Iranian political philosopher, ethicist, spiritualist, poet, and a global think tank leader. His area of research interest includes Global Ethics, Global Justice, Hermeneutics of Selfhood, Human Rights, Human Development, and universal spirituality. Mahmoud is the Founder and Executive Director of APGC (ap-gc.net). Mahmoud has published extensively in global ethics, global development, spirituality and ethics of globality. He also a visiting professor at Ottawa University. He will chair and speak in this seminar.<a href="https://ap-gc.net/events/" target="_blank">Read more on APGC’s Website.</a>&nbsp;

Rights: Can view and downloadLicense: CC Attribution-NonCommercial-ShareAlike LicenseAPGC (Alternative Perspectives and Global Concern) 6th International Seminar on Africa’s Ethics of Care Facing COVID-19Date: Friday, July 10th, 2020Time: 13h00 East Canada and the US, 19h00 Central Europe, and 17h00 in NigeriaRegistration and Participation: Free of charge

Nigeria tightens controls on foreign exchange

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