Introduction
1. State and class in pre-colonial West Africa
2. Tribalism, colonialism and capitalism
3. Religion, racism and class
4. Sharia in Nigeria: a class analysis
5. The poverty of education in Ghana
6. South Africa in the twentieth century
Commentary and analysis to persuade people to become socialist and to act for themselves, organizing democratically and without leaders, to bring about a world of common ownership and free access. We are solely concerned with building a movement of socialists for socialism. We are not reformists with a programme of policies to patch up capitalism.
Introduction
1. State and class in pre-colonial West Africa
2. Tribalism, colonialism and capitalism
3. Religion, racism and class
4. Sharia in Nigeria: a class analysis
5. The poverty of education in Ghana
6. South Africa in the twentieth century
Further to this post from SOYMB, 5 March, comes news that women in Nigeria are being targetted to become more capitalism friendly and contribute toward the profits of Nigerian capitalists.
‘The World Bank, formed at the 1944 Breton Woods Conference is meanwhile concerned that women's rights and gender equality need to progress at a faster pace. Lest anyone think that this organisation’s motives are exclusively altruistic the World Bank says, ‘Closing the gender gap could boost global GDP by over 20%, doubling the world’s growth rate over the next decade.’
‘Women have the power to turbocharge the sputtering global economy,’itother said.
Further, ‘Today, barely half of women participate in the global workforce, compared with nearly three out of every four men. This is not just unfair – it’s wasteful,’
‘The development organization argues that the transition to a gender-equal world could be fast-tracked through accelerating efforts in reforming laws and enacting public policies that empower women to work, as well as to start and grow businesses.’
In other words, on behalf of the global capitalist class the World Bank wants a situation where, along with men, more women can be exploited to produce more surplus value (profits) for capitalists. Women are also part of the majority working class and their interests are best served by working toward the abolition of capitalism and its replacement by a social system where quality goods and services are produced for free use not profit.’
https://socialismoryourmoneyback.blogspot.com/2024/03/russia-women-and-musk.html
‘An initiative to promote the role of women in local Nigerian businesses will receive a grant of 600 million naira ($376,000) that will benefit 1,000 female entrepreneurs, a foundation run by major mobile operator MTM Group has announced.
During the launch of phase two of what is called the Y’ellopreneur Initiative in the city of Lagos on Tuesday, Odunayo Sanya, the executive director of MTN Nigeria Foundation, highlighted gender inequality as a significant cause of hunger and poverty.
The initiative aims to decrease female unemployment and promote women’s development as entrepreneurs by offering capacity-building programs and providing access to loans, grants, and advisory services to ensure long-term business sustainability.
“MTN is investing 600 million naira in the second phase of the initiative. The sum of $282,000 (N450 million) is available at $1800 (N3 million) each for the top 150 qualified Y’ellopreneurs to access as equipment loans at a low 2.5% flat interest rate. Upon full repayment of the loan, the sum of $70,000 (N112 million) will be refunded between all 150 Y’ellopreneurs as grants,” Sanya explained.
The initiative is tailored to support female entrepreneurs at medium-sized enterprises who possess at least a secondary education and prefer self-employment. Eligible applicants need to have been operating an existing business for at least two years in sectors such as manufacturing, processing, agriculture, ICT, digital services, waste management, and energy generation.
Sanya emphasized that sustained female participation in entrepreneurship and business administration will not only generate income for their families but also significantly contribute to Nigeria’s socioeconomic progress.
The submission period for applications for the Y’ellopreneur program commenced on Tuesday and will run through March 30.
MTN Group Limited, formerly known as M-Cell, is a South African mobile communications company that operates across numerous African and Asian nations but derives a third of its revenue from Nigeria, where it holds an approximately 35% market share.
The MTN Foundation was established in 2004 and, according to its website, works with “disadvantaged and rural communities” to help them “become self-sufficient.”’
Promoted by the Socialist Party of Great Britain, 52 Clapham High Street, London, SW4 7UN.
Was Nigeria the victim of a 419 fraud, or advance fee fraud?
We’re shocked, shocked we tell you to find that an African country appears to may have been the victim of a scam. Our faith in capitalist enterprises seeming not to be models of virtue, rectitude and probity in their dealings with capitalist states has been deeply shaken. To take advantage of a government like that goes far beyond the pale.
For new readers to SOYMB, let it be noted that the above is sarcasm. Capitalism as a whole is a cut-throat social system that would leave seventeenth and eighteenth pirates gasping at its audacity.
‘ABUJA, Nigeria (AP) — A London judge on Monday overturned an arbitration award that would have required Nigeria to pay $11 billion over a failed gas project, finding the contract was obtained through fraud.
The High Court ruling by Justice Robin Knowles reverses the award to the British Virgin Islands-based Process & Industrial Developments Ltd. over the 2010 gas deal. The payment would have dealt a massive blow to Nigeria’s ailing economy.
The judge said although he did not accept all of Nigeria’s allegations discrediting P&ID and the contract, “the awards (of the contract) were obtained by fraud … and the way in which they were procured was contrary to public policy.”
Knowles said three things showed the case as an “irregularity”: P&ID providing evidence it knew was false in a witness statement, the company’s bribery or corrupt payment to a Nigerian civil servant and the company’s ”improper retention” of Nigeria’s legal document which it received during arbitration.
P&ID in 2017 secured the compensation award, which originally was $6.6 billion but is now estimated to be $11 billion with accrued interest. The company’s main claim in the arbitration was for loss of profit for the 20 years the agreement covers.
The contract signed with Nigeria's government in 2010 was for the company to build a gas processing plant in the south eastern port city of Calabar. The project collapsed not long after it was signed, and P&ID took the Nigerian government to arbitration, alleging a breach of contract.
Nigerian officials said the contract was signed under questionable circumstances while late President Umaru Musa Yar’Adua was critically ill and Goodluck Jonathan, his deputy, was acting president. Officials accused P&ID of bribery and corruption in securing the contract and during arbitration, which the company denied.
https://qz.com/a-british-court-ruling-frees-nigeria-from-paying-11-bi-1850949923
1000 Nigerian Naira equals £1.03
‘Nigerian President Bola Tinubu addressed the nation in an evening broadcast on Monday, acknowledging the economic hardship caused by the removal of a subsidy on petrol.
He however said the country would save "trillions of naira" yearly by scrapping the subsidy and that the money would be used to implement reforms that would help boost the economy.
Ending the decades-long subsidy has more than doubled the price of petrol and raised prices for food and other essentials.
But Tinubu said the government had created a fund to use the savings to build much-needed infrastructure and supply cheap loans to farmers, small businesses and students.
He said the government would monitor petrol prices and intervene if and when it was necessary to do so.
"I assure you, my fellow countrymen and women, that we are exiting the darkness to enter a new and glorious dawn," he said at the end of his address.’
https://www.africanews.com/2023/08/01/nigerian-president-justifies-removal-of-fuel-subsidy/
Related?
‘A total curfew was imposed on Sunday in a state in northeastern Nigeria where hundreds of residents engaged in massive looting of shops and public warehouses where food was stored, authorities said.
Teenagers living on the street started the looting , but were soon joined by hundreds of residents who entered these places where food, especially cereals, was stored before taking them away.
"Adamawa State Governor Ahmadu Umaru Fintiri has issued a 24-hour curfew...with immediate effect ," his spokesman, Humwashi Wonosikou , said on Sunday . "With the curfew imposed, there will be no movement statewide" .
Local police also said security personnel had been deployed to enforce the curfew and prevent future looting.
Nigeria , the most populous country in Africa and the continent's largest economy, has been facing a serious economic crisis since 2016, aggravated by the coronavirus pandemic , then the Russian offensive in Ukraine.
Nearly half of its 215 million people live in extreme poverty (on less than $2 a day) despite its huge oil reserves .
For the past two months, poverty has worsened in the country as the new president Bola Tinubu has taken a series of economic measures aimed at reviving long-term investments, but with serious effects on household wallets.
Last month, the president notably ended fuel subsidies , causing gas prices to quadruple, and indirectly skyrocketing food prices.
In mid-July, he announced a "State of emergency on food security" , promising massive investments in agriculture, and money transfers to the poorest.
Earlier this year, the UN already predicted that more than 25 million Nigerians would be at "high risk" of food insecurity in 2023, not counting recent inflation .
Northeast Nigeria is particularly affected by food insecurity, as a 14-year-old conflict between the army and jihadist groups has displaced millions of people there and driven farmers away from their land’.
https://www.africanews.com/2023/07/31/nigeria-curfew-in-adamawa-state-after-massive-looting/
Nigerians experienced an almost twenty five per cent increase in their food bills in May.
Following on here from a post on poverty in Nigeria, 5 July, it is now reported that:
‘A state of emergency has been declared in Nigeria as a result of food shortages and surging prices, with the country’s government announcing a range of measures to address the crisis.
On Thursday, it was announced that fertilizers and grains will “immediately” be released to farmers, and 500,000 hectares of farmland and river basins will be activated for year-round farming.
The move will also expand the central bank’s role in financing the agricultural value chain.
“We declared a state of emergency and unveiled a comprehensive intervention plan on food security, affordability, and sustainability, taking decisive action to tackle food inflation,” President Bola Tinubu said on Twitter.
Tinubu emphasized that the goal of the intervention was to promote agriculture and increase job creation, pledging that “no one will be left behind” in his government’s efforts to ensure “affordable, plentiful food.”
Attahiru Bafarawa, a former governor of Nigeria’s Sokoto State, had warned earlier this month about banditry in the country’s north, saying it threatens food security and was a “serious disaster.”
Africa’s largest economy has seen a surge in the cost of food and transportation due to the president’s removal of fuel subsidies and sweeping exchange-rate reform since May.
In a statement on Thursday, government spokesperson Dele Alake said “savings from the fuel subsidy removal” would be directed at revamping the agricultural sector.
A National Commodity Board will be established and charged with reviewing food prices and maintaining a “strategic food reserve that will be used as a price stabilization mechanism for critical grains and other food items,” Alake said.
The cost of food in Nigeria had increased by 24.82% in May compared to the same time last year, according to the National Bureau of Statistics (NBS). It explained that the year-on-year increase in food inflation was caused, among other things, by price hikes in oil, yam, bread, cereals, and fish.’
We will keep on saying it; the solution is socialism.
‘Nigeria has the awful distinction of being the world capital of poverty, with 71 million people living in extreme poverty today (World Poverty Clock, 2023) and a total of 133 million people classed as multidimensionally poor according to National Bureau of Statistics data.
About 828 million people will wake up every day having no idea when or where their next meal will come from, and many will go to bed that day without eating anything. This is according to a 2021 UN report. The UN further states that of these 828 million people, 25,000 will die today, including more than 10,000 children.
The T200 Foundation’s report shows that Nigeria has a serious hunger problem with a Global Hunger Index score of 27.9, but there are significant variations in the score across states.
Executive Director of T200 Foundation, Amb. Emmanuel Osadebay stressed the need for collaboration among stakeholders to end hunger in Nigeria by 2030 in line with the Sustainable Development Goals.'
https://punchng.com/71-million-nigerians-extremely-poor-world-poverty-clock/