The BN Village  
Home Register FAQ Members Calendar Search Today's Posts Mark Forums Read


Welcome to the African and Caribbean Social network.

You are currently are in guest mode which gives you limited access to view most discussions and access other features. By joining this free African Caribbean Social utility you will have access to post topics, communicate privately with other members (PM), upload images, add videos, respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free, join the African and Caribbean community today!

If you have any problems with the registration process or your account login, please contact contact us.
Go Back   The BN Village > Welcome to The Black Forum - The Black net Village > The Village Square.
Reload this Page Wow, Nigeria the future of Africa!

Reply
 
LinkBack Thread Tools Display Modes
imported post
(#1 (permalink))
Old
Prince_of_Punt1 is Offline
Villager
Prince_of_Punt1
 
Posts: 199
Join Date: Dec 2004
Location: , ,
Post imported post - 20-04-06, 01:38 AM

I was literally gobsmacked by the beauty of Nigerias capital city Abuja. The following link is a collection of pictures taken from the 1st planned city of Nigeria Abuja.

I hope they keep moving forward and improve, Insha Allah (if God wills)

http://www.bnoack.com/photopages/abuja/

Economic overview.

Oil-rich Nigeria, long hobbled by political instability, corruption, inadequate infrastructure, and poor macroeconomic management, is undertaking some reforms under a new reform-minded administration. Nigeria's former military rulers failed to diversify the economy away from its overdependence on the capital-intensive oil sector, which provides 20% of GDP, 95% of foreign exchange earnings, and about 65% of budgetary revenues. The largely subsistence agricultural sector has failed to keep up with rapid population growth - Nigeria is Africa's most populous country - and the country, once a large net exporter of food, now must import food. Following the signing of an IMF stand-by agreement in August 2000, Nigeria received a debt-restructuring deal from the Paris Club and a $1 billion credit from the IMF, both contingent on economic reforms. Nigeria pulled out of its IMF program in April 2002, after failing to meet spending and exchange rate targets, making it ineligible for additional debt forgiveness from the Paris Club. In the last year the government has begun showing the political will to implement the market-oriented reforms urged by the IMF, such as to modernize the banking system, to curb inflation by blocking excessive wage demands, and to resolve regional disputes over the distribution of earnings from the oil industry. In 2003, the government began deregulating fuel prices, announced the privatization of the country's four oil refineries, and instituted the National Economic Empowerment Development Strategy, a domestically designed and run program modeled on the IMF's Poverty Reduction and Growth Facility for fiscal and monetary management. GDP rose strongly in 2005, based largely on increased oil exports and high global crude prices. In November 2005, Abuja won Paris Club approval for a historic debt-relief deal that by March 2006 should eliminate $30 billion worth of Nigeria's total $37 billion external debt. The deal first requires that Nigeria repay roughly $12 billion in arrears to its bilateral creditors. Nigeria would then be allowed to buy back its remaining debt stock at a discount. The deal also commits Nigeria to more intensified IMF reviews.
Digg this Post!Add Post to del.icio.usBookmark Post in Technorati Share On Face Book!Stumble this Post!
Reply With Quote
Remove advertisements
Advertisement
Advertisement Sponsored links

imported post
(#2 (permalink))
Old
Pele's Avatar
Pele is Offline
Villager Senior
Pele
 
Posts: 3,274
Join Date: Dec 2004
Location: Land of 10,000 Lakes & Seattle, , USA
Post imported post - 20-04-06, 05:10 AM

Niceeeeeeeeeee. banana.gif

I have said many times........Nigeria has to lead Africa............


Digg this Post!Add Post to del.icio.usBookmark Post in Technorati Share On Face Book!Stumble this Post!
Reply With Quote
imported post
(#3 (permalink))
Old
Abissinia's Avatar
Abissinia is Offline
Villager Senior
Abissinia
 
Posts: 4,607
Join Date: Apr 2004
Location: London, , United Kingdom
Post imported post - 20-04-06, 09:00 AM

WOW the scenery is breathtaking and made me home sick


Digg this Post!Add Post to del.icio.usBookmark Post in Technorati Share On Face Book!Stumble this Post!
Reply With Quote
imported post
(#4 (permalink))
Old
Sir_2Fine is Offline
Village Newbie
Sir_2Fine
 
Posts: 72
Join Date: Sep 2005
Location: , ,
Post imported post - 20-04-06, 09:56 AM

Home sweet Home



"Flattery is like perfume, so smell it but don\'t swallow it"
Digg this Post!Add Post to del.icio.usBookmark Post in Technorati Share On Face Book!Stumble this Post!
Reply With Quote
imported post
(#5 (permalink))
Old
chi is Offline
Villager Senior
chi is an unknown quantity at this point
 
Posts: 2,120
Join Date: Jun 2004
Location: , ,
Post imported post - 20-04-06, 12:34 PM

Prince_of_Punt1 wrote:
Quote:
I was literally gobsmacked by the beauty of Nigerias capital city Abuja. The following link is a collection of pictures taken from the 1st planned city of Nigeria Abuja.

I hope they keep moving forward and improve, Insha Allah (if God wills)

http://www.bnoack.com/photopages/abuja/

Economic overview.

Oil-rich Nigeria, long hobbled by political instability, corruption, inadequate infrastructure, and poor macroeconomic management, is undertaking some reforms under a new reform-minded administration. Nigeria's former military rulers failed to diversify the economy away from its overdependence on the capital-intensive oil sector, which provides 20% of GDP, 95% of foreign exchange earnings, and about 65% of budgetary revenues. The largely subsistence agricultural sector has failed to keep up with rapid population growth - Nigeria is Africa's most populous country - and the country, once a large net exporter of food, now must import food. Following the signing of an IMF stand-by agreement in August 2000, Nigeria received a debt-restructuring deal from the Paris Club and a $1 billion credit from the IMF, both contingent on economic reforms. Nigeria pulled out of its IMF program in April 2002, after failing to meet spending and exchange rate targets, making it ineligible for additional debt forgiveness from the Paris Club. In the last year the government has begun showing the political will to implement the market-oriented reforms urged by the IMF, such as to modernize the banking system, to curb inflation by blocking excessive wage demands, and to resolve regional disputes over the distribution of earnings from the oil industry. In 2003, the government began deregulating fuel prices, announced the privatization of the country's four oil refineries, and instituted the National Economic Empowerment Development Strategy, a domestically designed and run program modeled on the IMF's Poverty Reduction and Growth Facility for fiscal and monetary management. GDP rose strongly in 2005, based largely on increased oil exports and high global crude prices. In November 2005, Abuja won Paris Club approval for a historic debt-relief deal that by March 2006 should eliminate $30 billion worth of Nigeria's total $37 billion external debt. The deal first requires that Nigeria repay roughly $12 billion in arrears to its bilateral creditors. Nigeria would then be allowed to buy back its remaining debt stock at a discount. The deal also commits Nigeria to more intensified IMF reviews.
Quote:
President Obasanjoannounced repayment to be accomplish by Friday( announced on bentv)......Go Naija!!!!!!
Digg this Post!Add Post to del.icio.usBookmark Post in Technorati Share On Face Book!Stumble this Post!
Reply With Quote
Remove advertisements
Advertisement
Advertisement Sponsored links

imported post
(#6 (permalink))
Old
Seabiscuit is Offline
Villager
Seabiscuit
 
Posts: 301
Join Date: Jan 2005
Location: , ,
Post imported post - 20-04-06, 09:39 PM

Beautiful as it may be but where is the wisdom in spending billions building such glass palaces and illusions of grandeur when the rest of the country is crumbling?


Still going...
Official Member Of dimoke\'s Coconut Club
Digg this Post!Add Post to del.icio.usBookmark Post in Technorati Share On Face Book!Stumble this Post!
Reply With Quote
Remove advertisements
Advertisement
Advertisement Sponsored links

Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
The Igbos of Nigeria (West Africa) chilia87 Black Roots Village 74 25-06-07 04:28 PM
Anyone going to Nigeria or West Africa this year...............? chi Entertainment Village 10 31-01-07 04:24 PM
'Nigeria Could Feed Africa' defyfear News and Politics Village 6 08-03-06 06:54 PM
Things to do in Nigeria ( or other Africa Nations) Burning Monk The Village Square. 0 06-02-05 01:15 AM
REALITY TV SHOW..AFRICA(Nigeria) Black-pride The Village Square. 0 03-02-05 10:33 AM


All times are GMT +1. The time now is 01:39 PM.


Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.1.0
Internet Marketing by: Firm SEO
Ad Management by RedTyger