Jonathan: We Shall Never Go Back to the Old Ways

Total Page:16

File Type:pdf, Size:1020Kb

Jonathan: We Shall Never Go Back to the Old Ways SPECIAL PUBLICATION ON THE 2015 ELECTIONS JONATHAN: WE SHALL NEVER GO BACK TO THE OLD WAYS ARE YOU BETTER OFF TODAY THAN IN 2011? FACTS AND FALLACIES ABOUT THE PRESIDENT LAUGH IT OFF: 10 OBVIOUS REASONS 11 SPOOF QUOTES ATTRIBUTED TO VOTE FOR GEJ TO FAMOUS POLITICIANS WHAT THEY SAID... A MODEL OF THE SECOND NIGER BRIDGE. WORK HAS COMMENCED CONTENTS 06. TEN REASONS TO VOTE FOR GEJ 10. VITAL STATISTICS - PROJECTS 46. FOOTPRINTS - TRANSFORMATION AT A GLANCE 78. A DOZEN FAMOUS LIES 120. WHAT THEY SAID 128. FLASHBACK - COMMENTS AND ASSESSMENTS 164. PRESS REPORT 184. LAUGH IT OFF 26 96 108 126 THEN AND IN HIS OWN THE BIOGRAPHY INTERNATIONAL NOW WORDS LEADERS 4 FORWARD WHAT THEY SAID... FROM THE CO-ORDINATOR You’re holding a very important But, as you would find out in document ─ a publication that highlights this publication, he has recorded all that is good about Nigeria in the unprecedented strides in all the sectors last three or so years when President of the economy. It is said that ‘fact is Goodluck Ebele Jonathan assumed sacred and opinion is free’. Everybody has office.W e at the One Nigeria Coalition their opinion about the performance of (ONC) are interested only in the progress President Jonathan in his first term, but of Nigeria, and we are always very happy ISOKEN OMO we at ONC work with the facts. And the to associate with success. National Co-ordinator, facts are very encouraging. Facts are better We are convinced that President One Nigeria Coalition appreciated when you consider where you Jonathan represents a great forward are coming from to where you are now. leap in the leadership of Nigeria, and Clearly, we have more motorable federal this publication documents important roads today, from 4,500 kilometres in strides by his administration which, we believe, should 2010 to 25,000 kilometres today; we have expanded automatically recommend him for a second term ─ since our tertiary education infrastructure and instructional performance is a key factor in elections. capacity; Nigerians are playing a bigger part in the Improving the quality of life is the responsibility of oil & gas sector; Nigerian farmers are enjoying the any government, and President Jonathan has shown harvests of their lives; food importation bill has gone courageous and visionary leadership which has down dramatically; Nigeria is now a cement-exporting produced results that speak not just to today but will country; the airports are wearing a new look; the also lead us to a greater tomorrow. power sector is off on a firm footing with the successful privatisation; and so on and so forth. As the 2015 He met a lot of inadequacies on the ground: millions elections draw near, this is not the time to start risking of children out of school, insufficient infrastructure for the experience of trial and error by a new government tertiary education, thousands of kilometres of non- that may be more interested in politics and vengeance motorable federal roads, a retarded agricultural sector, than development. Having been in office for the last a fraud-ridden civil service payment structure, fading few years, President Jonathan is more in tune with the glory in sports, a troubled power sector, a convoluted current realities. This is no time for experimentations political system and several other challenges that made and reversals. life difficult for the average Nigerian. Nigeria has to move forward, not backward. FORWARD is a publication of the One Nigeria Coalition, a non-profit, non-partisan group committed to promoting the political and economic development of Nigeria. ONE NIGERIA COALITION Address: 8 Abriba Close off Yola Street, Area 7 Garki Abuja Email: [email protected] Phone: +234 (0) 9099705934, +234 (0) 9099705935 SPECIAL THANKS to the Office of the Special Adviser to the President on Research, Documentation and Strategy for providing the highly valuable information reproduced in this collectors’ publication. We also thank The Lady Kaduna Foundation for its support ******* Magazine Design: Cover and Interior by Sunny Hughes ‘Sunza’ FORWARD 5 10 REASONS TO VOTE JONATHAN AGAIN There are at least a thousand and one reasons why President Jonathan deserves to be re-elected. Below is a selection of just 10 of the obvious ones. NIGERIA SHOULD PROMOTING ONE GO FORWARD, NOT NIGERIA IS NON- 1BACKWARD 2NEGOTIABLE One of the major setbacks for the In the history of Nigeria, President development of Nigeria is the trend Jonathan ranks among the most whereby a newly elected government committed in terms of uniting the nation. reverses or abandons the policies of Forget the propaganda of the opposition the previous government, especially and the mischief of the disgruntled: if both do not belong to the same President Jonathan has the most diverse party. This is very common in states but cabinet, electing to appoint more people also happens at the federal level, both from other parts of the country rather “ONE OF THE MAJOR in military and civilian dispensations. than his own ethnic group. Unlike in the Nigeria would most probably have past when heads of state and presidents SETBACKS FOR THE overcome many of its challenges in always gave certain positions to their sectors such as power, education, oil kinsmen and women, President Jonathan DEVELOPMENT OF NIGERIA and transportation if previous plans had bucked the trend by making critical not been altered and implementation appointments, especially in security and IS THE TREND WHEREBY truncated by successive governments. finance, from across the nation. Federal A NEWLY ELECTED The reasons for this trend are many, most projects and appointments are evenly of which are political. A new government spread. He refused to play one part of GOVERNMENT REVERSES OR wants to say it has its own ideas, the country against the other - although thereby jettisoning good ideas of the his political opponents constantly accuse ABANDONS THE POLICIES OF predecessor. Having criticised a sitting him, without substance, of playing ethnic government in the quest for power, the and religious politics. For someone who THE PREVIOUS GOVERNMENT, successor will almost certainly jettison comes from a minority group and has that government’s plans just for the sake close friends from all religious divides, ESPECIALLY IF BOTH DO of it, so as not to be seen as endorsing President Jonathan’s desire is to see a ideas it had fiercely criticised.T o avoid country where people talk less about NOT BELONG TO THE SAME a reversal of key policies of President sectional issues but focus on one PARTY” Jonathan such as the privatisation of the indivisible nation. He demonstrated power sector, agricultural transformation his belief in uniting and strengthening and industrial revolution, wise voters will Nigeria by successfully convening the give him another term in office. National Conference in 2014. 6 FORWARD WHAT THEY SAID... GOING FOR A MAN OF PREFERRING A BIRD IN 4HUMILITY 5H AND Humility is, ordinarily, a virtue. With Anybody who listens to the opposition will humility, there is a down-to-earth conclude that they have the magic wand WE HAVE A disposition, a readiness to listen to to solve Nigeria’s problems. They criticise PRACTICAL, others, a willingness to accord honour virtually every programme and policy of 3HANDS-ON LEADER to whom honour is due and a desire to the Jonathan administration. They criticise forge co-operation even with those who the administration’s records in education, In spite of a very demanding and disagree with you. For President Jonathan, power, healthcare, roads, agriculture, unforgiving work schedule, President humility is a defining value which cannot job creation, anti-graft war and, in fact, Jonathan has earned the reputation of be compromised. Coming from a humble everything. They promise that if they are a public administrator who shows more background in Otuoke, Bayelsa State, elected into power, they will solve all of than a passing interest in the practical he grew up going to school without Nigeria’s problems. Not so fast! Charity, side of the work of his administration. shoes. This is a part of his story that he they say, begins at home. The governors Those who work closely with him often is ever willing to tell in order to inspire that were elected on the platform of the marvel at the barrage of questions he hope in millions of Nigerians who also opposition - or those who defected to the asks them concerning the progress of have humble beginnings. As President party along the line - can hardly claim to projects, be it a road construction, a of Nigeria, he has done the unthinkable have solved these problems of their states. retreat or a book. Commenting on the many times - bowing in reverence to How many of them have transformed administration’s initiative to reform men of God, elder statesmen and other healthcare and education in their states? sports after Nigeria’s failure at the 2012 senior citizens. To his opponents, this is How many of them have vigorously fought Olympics, former Minister, National “demeaning”. His humility is, in their corruption in their states? How many of Sports Commission (NSC), Mallam Bolaji judgment, devaluing the office of the them have created jobs for their youths? Abdullahi, said in a media interview: “We President of Nigeria. This easily calls to How many have done rural electrification? were lucky we have a President Goodluck mind the story of King David in the Holy Is it when they get to Aso Rock that they Jonathan that understood the significance Bible also known as Prophet Dauda in the will suddenly become magicians? Wise of sports and he immediately convened Holy Quran. When the Ark of Covenant voters will give President Jonathan a a presidential retreat.
Recommended publications
  • BIAFRAN GHOSTS. the MASOB Ethnic Militia
    Biafran Ghosts DISCUSSION PAPER 73 BIAFRAN GHOSTS The MASSOB Ethnic Militia and Nigeria’s Democratisation Process IKE OKONTA NORDISKA AFRIKAINSTITUTET, UPPSALA 2012 Indexing terms: Nigeria Biafra Democratization Political development Ethnicity Ethnic groups Interethnic relations Social movements Nationalism The opinions expressed in this volume are those of the author and do not necessarily reflect the views of Nordiska Afrikainstitutet. Language checking: Peter Colenbrander ISSN 1104-8417 ISBN 978-91-7106-716-6 © The author and Nordiska Afrikainstitutet 2012 Production: Byrå4 Print on demand, Lightning Source UK Ltd. Contents Acknowledgement ................................................................................................................. 5 Introduction ............................................................................................................................ 7 Chapter 1. ‘Tribesmen,’ Democrats and the Persistence of the Past ................................ 10 Explaining Democratisation in ‘Deeply-divided’ Societies ............................................ 13 ‘Tribesmen’ and Generals: ‘Shadow’ Democratisation and its Ethnic Double ............. 16 Methodology ..................................................................................................................... 20 Chapter 2. MASSOB: The Civic Origins of an Ethnic Militia ............................................... 23 Chapter 3. Reimagining Biafra, Remobilising for Secession .............................................. 33 ‘Go Down,
    [Show full text]
  • The 'MMT' Model of Peace-Building for Actualization of Sustainable
    African Journal of Law, Political Research and Administration ISSN: 2689-5102 Volume 3, Issue 2, 2020 (pp. 52-78) www.abjournals.org THE ‘MMT’ MODEL OF PEACE-BUILDING FOR ACTUALIZATION OF SUSTAINABLE DEVELOPMENT IN THE NIGER DELTA REGION OF NIGERIA Ambily Etekpe1, Fie D. Dan-Woniowei2, Epoweide I. Koko3, Stella E. Ogroh4 1Professor of Political Science and former Head, Department of Political Science is presently Director, Institute of Niger Delta Studies, Niger Delta University, Wilberforce Island, Bayelsa State, Nigeria. Email: [email protected] 2PhD International Relations, Deputy Registrar/Lecturer, Department of Political Science, Niger Delta University, Wilberforce Island, Bayelsa State, Nigeria. Email: [email protected] 3Assistant Lecturer, Department of Political Science, Niger Delta University, Wilberforce Island, Bayelsa State, Nigeria. Email: [email protected] 4Lecturer II, Department of Political Science, Niger Delta University, Wilberforce Island, Bayelsa State, Nigeria. Email: [email protected] ABSTRACT : The Nigeria’s Niger Delta region has since the uprising of Isaac Boro in February 1966 witnessed renewed conflicts. The region, devastated by oil and gas exploitation for over 60 years and the people still prevented from benefiting from the huge revenue, have raised an army from the abandoned youths to disrupt oil and gas facilities, kidnap and hostage taking of oil/gas companies’ staff. The action is meant to attract positive response from the federal government and multinational oil companies (MNOCs) that are allegedly inducing the conflict. Instead, they (federal government and MNOCs) have resorted to counter-insurgence measures, thereby creating high degree of insecurity and instability in the region and country. The scenario has been compounded by the lack of an appropriate model of peace-building since the Fourth Republic in 1999.
    [Show full text]
  • Ndiigbo and 2015 Election
    Middle-East Journal of Scientific Research 26 (2): 160-174, 2018 ISSN 1990-9233 © IDOSI Publications, 2018 DOI: 10.5829/idosi.mejsr.2018.160.174 Politics of Ethnicity: Ndiigbo and 2015 Election 12Obiakor Ethel Ebere, Onuora Ngozi Theresa and 2Nnebedum Theodora Ngozi 1School of General Studies Alvan Ikoku Federal College of Education Owerri, Nigeria 2Department of Languages, Linguistics Literary Studies Theatre Arts Federal University Ndufu-Alike, Ikwo, Nigeria Abstract: Politics of Ethnicity: Ndigbo and the 2015 Election. Nigeria by design of its founding father Lord Lugard after its amalgamation in 1914 brings today various ethnic groups as one nation. The Lugard amalgamation of expedience with time promotes agitation for ethnic agenda as Politics and politicking use ethnicity as its toga. In order to maintain the amalgamation and check the excesses of the ethnic cliché, policies like federal character is put in place for inclusiveness of all shades of ethnic interest in the system. Unarguably, Nigeria federal system of government made activities at the centre seen as national cake where each ethnic group struggles to get its share. Ethnic lining plays vital role in the Sharing of power, distribution of wealth, employment and admissions one can now understand its assumed positivism. Attention is more on ethnic interest as against the collective interest of the entity called Nigeria. This work will briefly touch the ethnic politics that played out between Nigerians post independence leaders/first republic, the intrigues that gave birth to Obasanjo regime and the just concluded 2015 general elections. This work further tries to probe the genuine intentions of ethnic progenitors.
    [Show full text]
  • 2021Usmanphd.Yu
    Bangor University DOCTOR OF PHILOSOPHY The Renewal of Hostilities in the Nigerian Delta Region in 2016 and the Failure of the Presidential Amnesty Usman, Yusuf Award date: 2021 Awarding institution: Bangor University Link to publication General rights Copyright and moral rights for the publications made accessible in the public portal are retained by the authors and/or other copyright owners and it is a condition of accessing publications that users recognise and abide by the legal requirements associated with these rights. • Users may download and print one copy of any publication from the public portal for the purpose of private study or research. • You may not further distribute the material or use it for any profit-making activity or commercial gain • You may freely distribute the URL identifying the publication in the public portal ? Take down policy If you believe that this document breaches copyright please contact us providing details, and we will remove access to the work immediately and investigate your claim. Download date: 07. Oct. 2021 The Renewal of Hostilities in the Nigerian Delta Region in 2016 and the Failure of the Presidential Amnesty Yusuf Usman A thesis submitted in fulfilment of the requirements for the Degree of Doctor of Philosophy (Criminology and Criminal Justice) School of History, Philosophy and Social Sciences College of Arts, Humanities and Business July 2021 1 Dedication To my Mum and Dad 2 Abstract This thesis titled ‘The Renewal of Hostilities in the Nigerian Delta Region in 2016 and the Failure of the Presidential Amnesty’ investigated the renewal of the hostilities, the alleged sponsor(s) of the perpetrators, the impact of their activities on the oil and gas sector and their environment.
    [Show full text]
  • Important Notice
    IMPORTANT NOTICE IMPORTANT: You must read the following disclaimer before continuing. The following disclaimer applies to the Base Prospectus following this notice, and you are therefore advised to read this disclaimer carefully before reading, accessing or making any other use of the attached Base Prospectus. In accessing the attached Base Prospectus, you agree to be bound by the following terms and conditions, including any modifications to them from time to time, each time you receive any information from the Issuer, the Arrangers and the Dealers as a result of such access. Confirmation of Your Representation: By accessing the attached Base Prospectus you have confirmed to Citigroup Global Markets Limited and Standard Chartered Bank (together, the “Arrangers” and “Dealers” and each an “Arranger” and “Dealer”) and the Federal Republic of Nigeria (the “Issuer”) that (i) you understand and agree to the terms set out herein, (ii) you are either (a) a person who is outside the United States and that the electronic mail address you have given is not located in the United States, its territories and possessions, or (b) a person that is a “Qualified Institutional Buyer” (a “QIB”) within the meaning of Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), (iii) you consent to delivery by electronic transmission, (iv) you will not transmit the attached Base Prospectus (or any copy of it or part thereof) or disclose, whether orally or in writing, any of its contents to any other person except with the consent of the Arrangers and the Dealers, and (v) you acknowledge that you will make your own assessment regarding any legal, taxation or other economic considerations with respect to your decision to subscribe for or purchase any of the Notes.
    [Show full text]
  • Political Parties, Ideology and the Nigerian State
    International Journal of Advanced Academic Research | Social & Management Sciences | ISSN: 2488-9849 Vol. 4, Issue 12 (December 2018) POLITICAL PARTIES, IDEOLOGY AND THE NIGERIAN STATE Ogunnoiki, Adeleke Olumide Graduate Student, Department of Political Science, Faculty of Social Sciences, University of Lagos, Akoka, Lagos State, Nigeria. +234 803 528 63 53 [email protected] Abstract A political party is an organised group of people with a sui generis label and possibly an acronym that, primarily recruit, train and field candidates to be elected to vacant public offices by eligible electorates through the constitutional means of periodic election. As an agent of democracy, party ideology remains an essential feature. Reason being that a party’s manifesto is drafted based on the adopted ideology which its candidates, if elected, would execute for the greater good of the country. In the Nigerian State, this has not always been the case from the colonial to the post-colonial era. Hence, this informative research paper examines critically the origin and proliferation of political parties in Nigeria from 1923 to 2018, studying closely the first generation political parties that began with a good ideological footing in the 20th century to most of the 21st century political parties in the country which are ideologically barren. Embedded in this study is an exposé on the incursion of the military in Nigeria’s politics which curtailed the development of political parties and the consolidation of democracy in the country. A major finding of mine was that there is a protracted dearth of ideology in political parties as indicated by most parties’ ideologically-unguided manifesto and the defection of their members to another party since the fourth republic began on the 29th of May, 1999.
    [Show full text]
  • Analysing the Discourse on Corruption in Presidential Speeches in Nigeria, 1957- 2015: Systemic Functional Linguistics and Critical Discourse Analysis Frameworks
    Analysing the Discourse on Corruption in Presidential Speeches in Nigeria, 1957- 2015: Systemic Functional Linguistics and Critical Discourse Analysis Frameworks Hakeem Olafemi Ogunmuyiwa A thesis submitted in fulfilment of the requirements for the degree of Doctor of Philosophy in the Department of Linguistics, University of the Western Cape. April, 2019 Supervisor: Professor Bassey E. Antia http://etd.uwc.ac.za/ Key Words Corruption Presidential speeches Nigerian presidents Systemic Functional Linguistics (SFL) Critical Discourse Analysis (CDA) Discourse Appraisal Transitivity Ideology i http://etd.uwc.ac.za/ Abstract Corruption as a concept is viewed differently by various disciplines, but there seems to be consensus that it relates to the misuse of public office for private gain. Studies in the social sciences, mainly political science, economics, sociology and law, have provided valuable insights into the subject, for example, its causes, manifestations and consequences. In a country such as Nigeria, corruption is said to have cost the country up to $20 trillion between 1960 and 2005, and it could cost up to 37% of its GDP by 2030 if the situation is not urgently addressed. The paradox, however, is that although all successive leaders of the country have consistently articulated their anti-corruption posture in national speeches, they get accused by their successors of not being tough on corruption both in word and in deed. Regrettably, there have been relatively few close textual analyses of presidential speeches carried out within analytical frameworks in linguistics that have the potential of revealing how presidents can simultaneously talk tough and soft on corruption, a contradiction that could well explain the putative anti-corruption posture of the country’s leaders and the ever deepening corruption in the land.
    [Show full text]
  • Biafran Ghosts
    Biafran Ghosts DISCUSSION PAPER 73 BIAFRAN GHOSTS The MASSOB Ethnic Militia and Nigeria’s Democratisation Process IKE OKONTA NORDISKA AFRIKAINSTITUTET, UPPSALA 2012 Indexing terms: Nigeria Biafra Democratization Political development Ethnicity Ethnic groups Interethnic relations Social movements Nationalism The opinions expressed in this volume are those of the author and do not necessarily reflect the views of Nordiska Afrikainstitutet. Language checking: Peter Colenbrander ISSN 1104-8417 ISBN 978-91-7106-716-6 © The author and Nordiska Afrikainstitutet 2012 Production: Byrå4 Print on demand, Lightning Source UK Ltd. Contents Acknowledgement ................................................................................................................. 5 Introduction ............................................................................................................................ 7 Chapter 1. ‘Tribesmen,’ Democrats and the Persistence of the Past ................................ 10 Explaining Democratisation in ‘Deeply-divided’ Societies ............................................ 13 ‘Tribesmen’ and Generals: ‘Shadow’ Democratisation and its Ethnic Double ............. 16 Methodology ..................................................................................................................... 20 Chapter 2. MASSOB: The Civic Origins of an Ethnic Militia ............................................... 23 Chapter 3. Reimagining Biafra, Remobilising for Secession .............................................. 33 ‘Go Down,
    [Show full text]
  • Compensation Mechanisms for Fuel Subsidy Removal in Nigeria
    Compensation Mechanisms for Fuel Subsidy Removal in Nigeria GSI REPORT Nigerian Institute of Social and Economic Research (NISER) © 2014 The International Institute for Sustainable DevelopmentDecember 2016 © 2016 International Institute for Sustainable Development | IISD.org/gsi Compensation Mechanisms for Fuel Subsidy Removal in Nigeria © 2016 The International Institute for Sustainable Development Published by the International Institute for Sustainable Development. International Institute for Sustainable Development Head Office The International Institute for Sustainable Development (IISD) is one of 111 Lombard Avenue, Suite 325 Winnipeg, Manitoba the world’s leading centres of research and innovation. The Institute provides Canada R3B 0T4 practical solutions to the growing challenges and opportunities of integrating environmental and social priorities with economic development. We report on Tel: +1 (204) 958-7700 international negotiations and share knowledge gained through collaborative Website: www.iisd.org projects, resulting in more rigorous research, stronger global networks, and Twitter: @IISD_news better engagement among researchers, citizens, businesses and policy-makers. IISD is registered as a charitable organization in Canada and has 501(c)(3) status in the United States. IISD receives core operating support from the Government of Canada, provided through the International Development Research Centre (IDRC) and from the Province of Manitoba. The Institute receives project funding from numerous governments inside and outside Canada, United Nations agencies, foundations, the private sector, and individuals. About GSI Global Subsidies Initiative GSI is an initiative of the International Institute for Sustainable Development International Environment House 2, (IISD). GSI is headquartered in Geneva, Switzerland and works with partners 9 chemin de Balexert located around the world. Its principal funders have included the governments 1219 Châtelaine of Denmark, the Netherlands, New Zealand, Norway, Sweden and the United Geneva, Switzerland Kingdom.
    [Show full text]
  • Language, Rhetoric, and Politics in a Global Context: a Decolonial Critical Discourse Perspective on Nigeria’S 2015 Presidential Campaign
    Michigan Technological University Digital Commons @ Michigan Tech Dissertations, Master's Theses and Master's Reports 2017 LANGUAGE, RHETORIC, AND POLITICS IN A GLOBAL CONTEXT: A DECOLONIAL CRITICAL DISCOURSE PERSPECTIVE ON NIGERIA’S 2015 PRESIDENTIAL CAMPAIGN Yunana Ahmed Michigan Technological University, [email protected] Copyright 2017 Yunana Ahmed Recommended Citation Ahmed, Yunana, "LANGUAGE, RHETORIC, AND POLITICS IN A GLOBAL CONTEXT: A DECOLONIAL CRITICAL DISCOURSE PERSPECTIVE ON NIGERIA’S 2015 PRESIDENTIAL CAMPAIGN", Open Access Dissertation, Michigan Technological University, 2017. https://doi.org/10.37099/mtu.dc.etdr/400 Follow this and additional works at: https://digitalcommons.mtu.edu/etdr Part of the African Languages and Societies Commons, Comparative Politics Commons, Discourse and Text Linguistics Commons, International and Intercultural Communication Commons, Rhetoric Commons, and the Speech and Rhetorical Studies Commons LANGUAGE, RHETORIC, AND POLITICS IN A GLOBAL CONTEXT: A DECOLONIAL CRITICAL DISCOURSE PERSPECTIVE ON NIGERIA’S 2015 PRESIDENTIAL CAMPAIGN By Yunana Ahmed A DISSERTATION Submitted in partial fulfillment of the requirements for the degree of DOCTOR OF PHILOSOPHY In Rhetoric, Theory and Culture MICHIGAN TECHNOLOGICAL UNIVERSITY 2017 © 2017 Yunana Ahmed This dissertation has been approved in partial fulfillment of the requirements for the Degree of DOCTOR OF PHILOSOPHY in Rhetoric, Theory and Culture. Department of Humanities Dissertation Advisor: Victoria Bergvall Committee Member: Craig Waddell Committee
    [Show full text]
  • THE FEDERAL REPUBLIC of NIGERIA US$500,000,000 5.125 Per Cent
    THE FEDERAL REPUBLIC OF NIGERIA US$500,000,000 5.125 per cent. Notes due 2018 Issue Price 98.917 per cent. and US$500,000,000 6.375 per cent. Notes due 2023 Issue Price 98.193 per cent. Application has been made to the Financial Conduct Authority in its capacity as competent authority under the Financial Services and Markets Act 2000 (the “UK Listing Authority”) for the US$500,000,000 5.125 per cent. Notes due 2018 (the “2018 Notes”) and for the US$500,000,000 6.375 per cent. Notes due 2023 (the “2023 Notes” and, together with the 2018 Notes, the “Notes”) issued by the Federal Republic of Nigeria (the “Issuer”, the “Federal Republic” or “Nigeria”) to be admitted to the Official List of the UK Listing Authority and to the London Stock Exchange plc (the “London Stock Exchange”) for the Notes to be admitted to trading on the Regulated Market of the London Stock Exchange. The Regulated Market of the London Stock Exchange is a regulated market for the purposes of Directive 2004/39/EC (the Markets in Financial Instruments Directive). The 2018 Notes will, unless previously redeemed or cancelled, be redeemed at their principal amount with payment in full on 12 July 2018. The 2023 Notes will, unless previously redeemed or cancelled, be redeemed at their principal amount with payment in full on 12 July 2023. See “Terms and Conditions of the Notes—7. Redemption and Purchase”. The 2018 Notes will bear interest from and including 12 July 2013 at the rate of 5.125 per cent.
    [Show full text]