Word: nigerias
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...past few years now face a reckoning. Governments that didn't set aside any of their windfall, or shortsightedly budgeted on sky-high prices - and more than a few fall into both categories - are grappling with tumbling revenues. The reality of lower oil prices for countries such as Iran, Nigeria, Russia and Venezuela in 2009 is likely to include political unrest, massive cuts in public spending, and rocketing inflation and unemployment. "The brutality and speed of the price decline is a huge shock economically and politically for some of these countries," says Didier Houssin, director of energy markets and security...
Among the up-and-coming Cardinals from Africa, Vatican watchers cite Peter Turkson of Ghana, 60 and Cardinal Wilfrid Fox Napier, 67 of South Africa, as potential papal material. Archbishop John Onayiekan of Nigeria, who may soon be up for a Cardinal slot, is considered "strong here and back there," says one Rome insider, referring to Onayiekan's knowledge of the Third World and his skills navigating the ins and outs of the Holy...
...Bill Gates (and I dare say Madonna) are doing a great job in Africa. But surely there are African philanthropists and social entrepreneurs who also deserve a spot in the limelight - even if the power of their checkbooks is nowhere near that of the aforementioned? Tolu Ogunlesi, ABEOKUTA, NIGERIA...
...Bill Gates (and I dare say Madonna) are doing a great job in Africa. But surely there are African philanthropists and social entrepreneurs who also deserve a spot in the limelight - even if the power of their checkbooks is nowhere near that of the aforementioned? Tolu Ogunlesi, Abeokuta, Nigeria...
...Somalia has overtaken Nigeria as a piracy problem spot, as it claims the title of Ultimate Failed State. It is a haven for Islamic terrorists, currently poised to take Mogadishu and already expanding their operations to neighboring states (for example, killing more than 30 people with five car and suicide bombs at U.N. and foreign government buildings in the autonomous northern regions of Puntland and Somaliland); a departure point for hundreds of thousands of refugees (a refugee camp over the border in Kenya is now the biggest in the world); a center for human trafficking to the Middle East...