Posts

Showing posts with the label poorest nations

The Dogs and the Pigs in Nigeria

There are political subjects I deliberately ignore in Nigeria, because it would be a waste of time to discuss them. The primitive nature of the so-called Chief Adedibu and the political prostitution of Patricia Etteh, are enough to show us the stock-in-trade of the notorious People's Democratic Party of Nigeria. When I read that a Nigerian bank has won an award as the best bank in Africa, I chuckle and smirk, because only fools would be impressed. To those giving kudos to the PDP led government, I feel sorry for their conceit and deceit. If you really want to know the quality of the leadership of the PDP led government, please go on tour of the NYSC Camps in Nigeria and ask yourself if any sane government in the world would subject the future leaders of the country to such inhuman conditions and reduce Nigerian graduates to the state of animals in a ranch. When I see the administrators of the National Youth Service Commission, I feel like hanging them if not to have them shot. The ...

Congressional Hearing to Examine Why Many of the World's Poorest Countries Are the Richest in Natural Resources

Congressional Hearing to Examine Why Many of the World's Poorest Countries Are the Richest in Natural Resources WASHINGTON, Oct. 24 /PRNewswire-USNewswire/ -- The following is being issued by Publish What You Pay United States: WHAT: Public Hearing -- House of Representatives Committee on Financial Services Hearing entitled "Transparency of Extractive Industries: High Stakes for Resource-Rich Countries, Citizens and International Business" WHERE: 2128 Rayburn House Office Building WHEN: Thursday, October 25th, 10 a.m. BACKGROUND: Natural resource-dependent countries almost always develop more slowly than non-resource-dependent countries, are more susceptible to the outbreak of civil war (i.e., blood diamonds) and experience a high incidence of corruption. This is often known as the "resource curse." The natural resource sector, including diamonds, oil, gas and other minerals, is one of the most secretive sectors, with citizens of many countries (typically ...