Football in Greater Banjul Area in the Gambia

They come in the form of football academies dotted along the major towns in the Greater Banjul Area. In all, over a dozen academies are enrolling young people from age six upwards with a view of getting them to acquire skills in the game that is hugely popular among the tiny nation’s 1.5 million people.

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Football Secret Slave Business on Africa Players

In the Ghanaian capital of Accra, football is a religion and the soccer schools offer the path to nirvana. They are also at the beginning of a dangerous production line. Young players here many barefoot are the raw material, each harbouring a dream to play in Europe.

The President of The Federal Republic of Nigeria is Dead

Information has reached me that the president of Nigeria Umar Musa Yaradua is dead in saudi Arabia during a surgery.

The Nigerian government claim he is ok, but have not been able to prove like they did the last time he was rumored to be dead, all they had to do the last time was to have a live telephone call broadcasted .

But the Nigerian government cannot prove this.

confirmed Information reached me from an top ranking executive in goverment.

Check more info at the irepor

INVESTMENT PROCEDURES IN NIGERIA EXPORT PROCESSING ZONES (NEPZ

i) Any company, person or group of persons wishing to carry out approved activity within a zone shell apply to the Nigerian Export Processing Zones Authority NEPZA using the prescribed forms and shall submit such documents and information in support of the applications. The forms shall specify the application fees and such other details as the Authority may stipulate from time to time. A feasibility study in respect of the investment project which the applicant wishes to undertake in the zone shall be attached as an annex to the application and shall contain the following among others:

- Project description;

- Market survey;

- Funding proposals;

- Financial projections;

- Environmental impact statement and control measures.

ii) Application to undertake approved activity in the zone duly received, shall be considered by the Authority within 30 days of receipt and the Authority shall notify the applicant in writing og its decisions to grant the said approval or otherwise. The approval shall be subject to such terms and conditions as may be imposed by the Authority.

iii) If the application is approved the investor may proceed to carry out the following:

(a) Apply for company registration

(b) If outright purchase of factory building is desired

- Payment of 10% deposit of the selling price of the standard factory building within 3 months of approval;

- Payment of the balance 90%, 5 months after;

(c) Renting of factory building

- Down payment of one year rent required not exceeding 3 months after signing the rental contract. Thereafter, rental charges shall be paid in the first quarter of every year.

(d) Leasing the standard factory

- Payment of 40% lease value on approval

- Payment of 30% at the end of the 5th year

- Payment of 30% balance at the end of the 10th year.

(e) Leasing of serviced plots

- Down payment of 40% on completion of factory building

- 30% at the end of the 5th year

- 30% at the end of the 10th year

Construction must be completed within a period of one year which can be extended for another 6 months.

A plan of the building shall be submitted to the Authority for approval. The land lease contract shall be signed within 2 months after allocation of land. The area occupied by such building shall be between 60%-70% of the leased land and construction shall start within 3 months after signing the lease contract.

iv) With condition(s) in (iii) fulfilled, the investor may proceed to carry out the following:
Remittance of Investment Capital through banks in the zone and notify the Authority on arrival

v) When the factory building is ready, investor(s) may bring in machinery for installation and workers employed. Therefore, the Authority shall be required to carry out pre-inspection, and if found satisfactory, a certificate to commence production will be issued.

vi) Companies intending to sell the permitted 25% of their total production in the domestic market, will be required to notify the Authority for necessary documentation and payment of appropriate levies and charges as applicable.

vii) The company shall apply to the Authority for assessment of invested capital for later repatriation purposes. This is applicable to companies which are 100% foreign owned and those with part foreign

COMMUNICATIONS

The deregulation of the telecommunications sector in 1992 through Decree 75 was to allow for private sector participation in the sector and expand the nation’s communication facilities. The Nigeria Communications Commission (NCC) was established consequently to regulate the performance of the sector. The liberalization thrust was further strengthened by the Nigeria Communications Commission (Amendment) Decree No. 30 of 1998 which deleted those provisions in the first decree that inhibited competition in the sector thus enhancing the expected role of private sector enterprises.

The functions of Nigerian Communications Commission include:

* Regulating the privatized sector of the telecommunications industry.

* Facilitating entry into the telecommunications market by private entrepreneurs.

* Creating a regulatory environment for the supply of telecommunications equipment and facilities.

* Issuing of telecommunications licenses.

* Promoting fair competition and efficient market conduct among all players in the telecommunications industry.

* Arbitrating disputes between participants in the telecommunications industry and protecting consumers against unfair practices.

INVESTMENT OPPORTUNITIES IN TELECOMMUNICATIONS INDUSTRY IN NIGERIA

1. LOCAL MANUFACTURE OF EQUIPMENT

The telecommunications industry in Nigeria is far from being developed. There is a dearth infrastructural facilities and this has placed a constraint on the provision of services to existing and potential customers. There is therefore an urgent need to expand the infrastructures in this sector if it is to effectively play its role in the economic, social, plotical, cultural and in fact overall development of the Nigerian society and properly integrate it into the international community. Such desired expansion can not be achieved under the present dispensation where the needed equipment are usually imported with attendant problems of foreign exchange procurement, freighting cost, long delivery period etc. There is therefore no other realistic option thanthe local manufacture of these equipment and spares.

SWITCHING AND TRANSMISSION EQUIPMENT

Local manufacture of switching and transmission equipment is requird since no single company exists in Nigeria or even neighbouring countries for this purpose. Hence any company that goes into the venture will have its market beyond the frontiers of Nigeria.

CABLES

In Nigeria, there are three companies engaged in the production of telecommunication cables using imported copper and other local resources like poly vinyl chloride materials for insulation. There is no company that is cuurently producing fibre optic cables in the country.

The copper cable producing companies are producing only low pair capacity of 50, 100, 200 pairs. There is need for a plant that will produce high pair capacity cables that will enhance massive provision of lines to the teaming population.

2. FACILITIES AND SERVICES PROVISION

With Nigeria’s population that is over 108 million people, an installed telephone capacity of about 700,000 lines and a telephone penetration of 0.65 lines to 100 persons, it is abundantly clear that telephone service to the populace is grossly inadequate. Even with the Government introduction of competition in the sector and the subsequent licensing of Private Telecommunications Operatos. (PTOs), the market has not experienced any noticeable chang. Although some of the PTO’s have commenced operation for over two years, they have not been able to collectively introduce up to 100,000 telephone lines into the country’s telecommunictions network.

Hence, the sector is still a virgin land for investors wishing to provide and operate private network links employing cable, radio communications, data services, INTERNET Business and Satellite communication, Payphone services and Cellular radio phone services.

3. JOINT VENTURE FUNDING OF INVESTMENTS

Apart from the absence of local manufacture of equipment and inadequate services, another major problem that has seriously affected the growth of the industry is insufficient financial resources. The industry is a capital intensive one and the banks in the country appear no to have strong financial muscle to handle massive investment in the sector. The industry has not also attracted individuals’ cooperative initiative probably as a result of the low level of income per capital in the economy. Hence joint venture partnership between foreign investors and Nigerians will be a veritable source of investment capital for the sector. At present there is no joint venture enterprise in the sector. The Nigeria-Turkey joint venture for the local manufacture of telecoms equipment initiated over five years ago was not concluded as a result of the plotical climate during this period. It is hoped that with the return of democracy in Nigeria, negotiation will once more commence on this issue.