Translational inhibition due to CHEAP RETIN-A the fact that the path of the excitation occurs Br neuron. recurrent inhibition     Carried intercalary brake cells (Renshaw). Axons of buy nolvadex online canada motor neurons often give collaterals (branches), ending with Renshaw cells. Renshaw cell axons terminate on the body or dendrites of the motor neuron, forming inhibitory synapses. Arousal that occurs in motor neurons travel in a straight path to the skeletal muscle, as well as collaterals to inhibitory neurons, which send impulses to motoneurons and inhibits them. The stronger the motor neuron excitation, the more excited Renshaw cells and the more intense they exert their inhibitory effect, which protects nerve cells from overstimulation. lateral inhibition    
 

 

[ Masterweb Reports: Comrade James Ezema reports ] - Nigeria's Chief of Army Staff, Lt. General Turkur Buratai has won the Africa Man of the Year 2017 Award for his personal commitment to anti-insurgency war in Nigeria and, by extension, West Africa sub-region as well "for being rare officer, a real gentleman, whose patriotic zeal in executing the war against Boko Haram is exemplary".
 
He was named as the Africa Man of the Year while the Nigerian Army won the Best Institution of the Year 2017 for their supreme sacrifices and relentless efforts to clear the country of not only the Boko Haram insurgents but all forms of criminal elements for citizens to coexist peacefully.
 
The confirmation of this prestigious honour on the Chief of Army Staff and the Nigerian Army as an Institution was announced in Abuja by the Pan-African amalgam, the Coalition For Governance and Leadership in Africa.
 
According to a statement signed by the group's Award and Privileges Committee Chairman, Okpokwu Ogenyi, the coalition also noted that as an infantry officer, Lt. General Tukur Buratai's "professional approach to operational planning to fight insurgency is highly plausible.
 
"For us, the successes so far made in the war against terrorism in Nigeria came as a combination of good leadership enhanced by motivation through enhanced troops morale by the land forces under General Buratai.
 
"Records available to to us show that, General Buratai's personal sacrifice, commitment, zeal, and determination towards eradicating insurgency in Nigeria, and by extension the whole of West Africa, have not only resulted in the defeat of Boko Haram in Nigeria but has promoted regional peace and stability across African Nations", the coalition stated.
 
The group added that "Pockets of attacks by degraded and fleeing Boko Haram insurgents not withstanding, the Nigerian military as an institution have made unquantifiable supreme sacrifices and given their all to ensure that we all coexist in peace and harmony in the year under review."
 
The Coalition For Good Governance and Leadership in Africa noted that the winners emerged after its Award and Privileges Committee "considered numerous nominations from various organizations and individuals across Africa, disclosing that after a tedious screening exercise, the two nominees came tops.
 
The leadership award is an annual Honour bestowed only on two African Leaders or institutions that have distinguished themselves in promoting regional peace, infrastructure, wealth creation, food security, education, and health, among others.
 
Some eminent Africans who have received the honour in the past included Chief Olusegun Obasanjo, Dr. Atta Mills (late), Mrs Ellen Johnson Sirleaf, Monday Riku Morgan, to mention a few.
 
Comrade James Ezema ( Email: jamesezema@gmail.com Phone: 08035823617, 08175047979 ) is a veteran journalist, Media Consultant, Social Engineer and Community Development Volunteer.
 
*Photo Caption - Lt. General Turkur Buratai
 

 
[ Masterweb Reports: Emma Elekwa reports ] - The Catholic Bishop of Awka Diocese, Most Rev. Paulinus Ezeokafor has recommended ranching as solution to the incessant herdsmen's attacks in the country.
 
Ezeokafor who stated this at the Blessed Iwene Tansi's Catholic Parish, Ebenebe, in Awka North council area of Anambra state, called for a revolution in the system of rearing cattle for livelihood.
 
He also enjoined Southeastern governors to expose youths in the area to mechanized system of rearing cattle by ranching, saying it would help to restrict Fulani cattle herders' encroachment into community farmlands.
 
"Developed countries like Ireland, Israel and Korea with small landmass, adopted ranching in their meat supply. With that improved method, cattle rearing is confined in enclosures which enhances cattle yield in both quality and quantity in meat and milk," he said.
 
According to the cleric, when Igbo youths use mechanized system of rearing cattle, it would motivate their Fulani/Hausa counterparts to emulate them, stressing that such move would also increase mutual advantages and coexistence between herdsmen and farmers.
 
*Photo Caption - As seen.
 

[ Masterweb Reports ] - Masterweb developed this page in a bid to daily keep you abreast of Nigerian and world news events so you are well informed and do not miss any news occurrence in Nigeria and around the globe. Most Nigerian newspapers are updated daily. Nigeria and World News Headlines are uptaded every ten minutes as events unfold in the world. 
 
This news page is a useful tool to both Nigerians and everybody irrespective of his or her nationality and country of residence in keeping abreast of current news around the world. We have millions of satisfied users of this page, some of who have made financial contributions in supporting the page and its component link sections.  
 
Use the links below to update yourself of today's news events - 
 
=> Click To Read Nigerian Newspapers
 
=> Click To Read Nigerian News Headlines
 
=> Click To Read World News Headlines
 
=> Click To Read Nigeria Radio & TV News
 
=> Click To Read World Radio & TV News
 
To adequately keep abreast of Nigerian and world news events daily, below is a guide to follow so you do not miss any single news event in Nigeria and around the globe. This means that the news guide is important to both Nigerians and everybody irrespective of his or her nationality and country of residence.
 
STEPS TO FOLLOW NOT TO MISS ANY SINGLE NEWS ITEM
 
1. STEP ONE - Start-off by subscribing to Masterweb RSS News Feed - This is a one time action. Subscription to Masterweb RSS News Feed allows for the automatic download of our news updates to your computer - that way Masterweb news updates come to you automatically. Click here to subscribe to Masterweb RSS News Feed
 
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2. STEP TWO - Start the day by visiting our Newspapers Section ( www.nigeriamasterweb.com/paperfrmes.html ) and read Nigerian and world news from different sources including Nigerian newspapers.
 
_______
 
3. STEP THREE - Visit both our Nigeria News Headlines ( www.nigeriamasterweb.com/NigeriaNewsHeadlines.html/ ) and World News Headlines ( www.nigeriamasterweb.com/WorldNewsHeadlines.html/ ) several times (up to 12 times) daily as the pages are updated every 45 minutes. During a visit, if the news is not updated, hit the F1 key on your keyboard to refresh the page for the latest news update.
 
_______
 
4. STEP FOUR - Check out what are on radio and TV in Nigeria and the world by visiting Nigeria Radio & TV News and World Radio & TV News
 
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5. STEP FIVE - Check out what our news contributors may have posted for the day at our Citizen News ( www.nigeriamasterweb.com/blog/ ) and Masterweb Reports Section ( www.nigeriamasterweb.com/Masterweb/ )
 
_______
 
6. STEP SIX - Revisit our Newspapers Section ( www.nigeriamasterweb.com/paperfrmes.html ) before bedtime for late updates and/or following day's early updates by Masterweb and Nigerian newspapers.
 
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7. YOU ARE NOW FULLY INFORMED FOR THE DAY - If you follow the guide above, you will never miss any news event in the world. This means that you will be fully equipped to engage in any news or current affairs discussion anywhere and any place in the world. Best of luck!
 
8. ALL NEWS LINKS ABOVE ORGANIZED ON ONE PAGE - Masterweb has put together a unique page that has all the news links above that you need to adequately keep abreast of Nigerian and world news events - Click here to go to the page ( the Link or URL is http://www.nigeriamasterweb.com/NeverMissNewsEvents.html ).
 
*Photo Caption - As seen.

 

[ Masterweb Reports: Emma Elekwa reports ] - Minister of Labour and Employment, Dr. Chris Ngige has assured Nigerian workers of speedy implementation of an enhanced minimum wage.
 
He said the National Tripartite Committee set up by President Muhammadu Buhari has swung into action and would likely conclude all arrangement about the minimum wage in the third quarter of 2018.
 
Speaking to newsmen in Awka, at the weekend, the minister said Buhari attached great importance to the committee with a close supervision to it, assuring that the committee would come out with an acceptable minimum wage.
 
"President Buhari is monitoring it strictly, and I am monitoring it too. I wear a double cap as minister of labour, who is the regulator and also as the deputy chairman of the committee.
 
"We had our inaugural meeting on 14th December and we did a frame work for our work. We will finish our job before the third quarters of this year, but we may finish earlier," he added.
 
 
On what Nigerians should expect as the minimum wage, Ngige declined to reveal what he had in mind, but promised to table it before the committee as well as back it up with productivity indices.
 
 
*Photo Caption - Dr. Chris Ngige
 

[ Masterweb Reports ] - Masterweb developed this page in a bid to daily keep you abreast of Nigerian and world news events so you are well informed and do not miss any news occurrence in Nigeria and around the globe. Most Nigerian newspapers are updated daily. Nigeria and World News Headlines are uptaded every ten minutes as events unfold in the world. 
 
This news page is a useful tool to both Nigerians and everybody irrespective of his or her nationality and country of residence in keeping abreast of current news around the world. We have millions of satisfied users of this page, some of who have made financial contributions in supporting the page and its component link sections.  
 
Use the links below to update yourself of today's news events - 
 
=> Click To Read Nigerian Newspapers
 
=> Click To Read Nigerian News Headlines
 
=> Click To Read World News Headlines
 
=> Click To Read Nigeria Radio & TV News
 
=> Click To Read World Radio & TV News
 
To adequately keep abreast of Nigerian and world news events daily, below is a guide to follow so you do not miss any single news event in Nigeria and around the globe. This means that the news guide is important to both Nigerians and everybody irrespective of his or her nationality and country of residence.
 
STEPS TO FOLLOW NOT TO MISS ANY SINGLE NEWS ITEM
 
1. STEP ONE - Start-off by subscribing to Masterweb RSS News Feed - This is a one time action. Subscription to Masterweb RSS News Feed allows for the automatic download of our news updates to your computer - that way Masterweb news updates come to you automatically. Click here to subscribe to Masterweb RSS News Feed
 
_______
 
2. STEP TWO - Start the day by visiting our Newspapers Section ( www.nigeriamasterweb.com/paperfrmes.html ) and read Nigerian and world news from different sources including Nigerian newspapers.
 
_______
 
3. STEP THREE - Visit both our Nigeria News Headlines ( www.nigeriamasterweb.com/NigeriaNewsHeadlines.html/ ) and World News Headlines ( www.nigeriamasterweb.com/WorldNewsHeadlines.html/ ) several times (up to 12 times) daily as the pages are updated every 45 minutes. During a visit, if the news is not updated, hit the F1 key on your keyboard to refresh the page for the latest news update.
 
_______
 
4. STEP FOUR - Check out what are on radio and TV in Nigeria and the world by visiting Nigeria Radio & TV News and World Radio & TV News
 
_______
 
5. STEP FIVE - Check out what our news contributors may have posted for the day at our Citizen News ( www.nigeriamasterweb.com/blog/ ) and Masterweb Reports Section ( www.nigeriamasterweb.com/Masterweb/ )
 
_______
 
6. STEP SIX - Revisit our Newspapers Section ( www.nigeriamasterweb.com/paperfrmes.html ) before bedtime for late updates and/or following day's early updates by Masterweb and Nigerian newspapers.
 
_______
 
7. YOU ARE NOW FULLY INFORMED FOR THE DAY - If you follow the guide above, you will never miss any news event in the world. This means that you will be fully equipped to engage in any news or current affairs discussion anywhere and any place in the world. Best of luck!
 
8. ALL NEWS LINKS ABOVE ORGANIZED ON ONE PAGE - Masterweb has put together a unique page that has all the news links above that you need to adequately keep abreast of Nigerian and world news events - Click here to go to the page ( the Link or URL is http://www.nigeriamasterweb.com/NeverMissNewsEvents.html ).
 
*Photo Caption - As seen.

[ Masterweb Reports ] - Youths from the northern region, said they would back the Southeast region to produce the president of Nigeria in 2019, adding that their support would weaken the agitations for a Biafra Republic in the country.
 
The declaration was made during their summit at Arondizuogu in Imo State. The groups included Arewa Youths Forum, Arewa Youths Coalition for Peace, Northern Central Youth Club, as well as Youths for One Nigeria, among others.
 
This came as the Indigenous People of Biafra, IPOB, said it has successfully launched a new Radio Nigeria Hausa station for the oppressed people of the North.
 
According to IPOB, the new station would start its maiden broadcast by 7pm tomorrow on Short Wave 15110 KHz 19 Meter Band, and would be received in the West, East and Southern Africa.
 
Speaking on their supoort for Igbo presidency, the Spokesperson of Arewa Youths, Alhaji Haruna Waziri, revealed that the convener of the youth summit, Mr. Iheanachor Ezeakor, has been endorsed by the group for 2019 presidency.
 
Part of the reason given by Waziri, was that with an Igbo man as president of Nigeria, Biafran agitations would be slackened, while peace and unity of the country would be strengthened.
 
He said: "Today, we are making history by endorsing a youth to run for the number one seat in Nigeria. Mr. Iheanacho Ezeakor is a youth, who has broken the barriers of ethnicity and religion, a youth the Northern youths believe in; a youth who is a true Nigerian.
 
"We do not believe in things not working out; we believe that this is the time to change the narrative in Nigeria. This community, Arondizuogu is a place where democracy started in the country and that is why we are here today to correct all that had gone wrong.
 
"We made this statement in Enugu, Lagos and Abuja; today the climax of it all is taking place in Ezeakor's village here in Arondizuogu.
 
"We took this step because our leaders have failed us; they are old and tired; we can do it because the youths contribute the major votes.
 
"It is no longer about ethnicity or religion now; it is about who you have confidence in. Ezeakor is a detribalized Nigerian; we don't want fanatics; we want a true Nigerian."
 
Waziri was of the view that Ezeakor's victory will not only quell the agitations for Biafra, but will also further unite Nigerians, whether from the South or the North," he noted.
 
Ezeakor who accepted to run for presidency, said he was not going to do that on the platform of PDP or APC, saying that the parties were for old politicians. He hinted that he was going to tell Nigerians soon the party on which he would vie for the presidency.
 

Ezeakor said: "So, I'm just acting as the catalyst, to motivate the youths; we are not fighting the government, but we want them to understand that we have come of age.

 
"My own as the convener of Nigerian Youth Summit is to make sure that things will not remain the same because we can't continue with the arrangement that youths are the leaders of tomorrow."
 
IPOB launches new Radio Nigeria Hausa Service
 
Meantime, IPOB has said that its new Radio Hausa station would expose all the misinformation and manipulations by northern leaders to keep the Indigenous Populations of Northern Nigeria, IPNN, backward in a bid to continue to oppress and lord over them.
 
This was contained in a statement signed by the Media and Publicity Secretary of IPOB, Comrade Emma Powerful. It also said that those with the illusion that IPOB had been weakened by the absence of its leader, Mazi Nnamdi Kanu, would be disappointed this year, as it would soon increase the tempo of its activities.
 
 
The statement read, "In keeping with our promise to facilitate the creation of an unbiased and informative platform to take the message of liberation to the down trodden and oppressed Indigenous Populations of Northern Nigeria, we the family members of the IPOB, worldwide and it's indomitable leadership, wish to happily announce the official launch of the much anticipated IPOB sponsored Radio Nigeria Hausa Service. "The maiden daily broadcast will hit the airwaves on Saturday, January 6, 2018 at 7pm Nigerian time on Short Wave 15110 KHz 19 Meter Band."
 
"The broadcast will have the widest coverage of any radio signal in Africa. It will be received all over West, East and Southern Africa.
 

"Every Hausa speaking community in Africa will be able to receive it. In our opinion, we feel it has become imperative to educate the poor masses of northern Nigeria, whom the ruling class have cleverly enslaved and impoverished... by keeping vital information and knowledge away from them. This information deficit is what Radio Nigeria Hausa Service has come to remedy.
 



"All the hitherto hidden history of the conquest of indigenous Hausa speaking populations of the North will be laid bare for the world to know. More importantly, enslaved minorities of Arewa North, brutally savaged by Fulani terrorist herdsmen, through this unbiased platform, will acquire the necessary education needed to liberate themselves from the suffocating stranglehold of the caliphate or the born to rule class.
 
"What we hope to demonstrate through the launch of this liberation radio station is to prove beyond every conceivable doubt that IPOB is not a selfish movement concerned only about the well-being of Biafrans, but are also genuinely concerned about the plight of all oppressed people in Nigeria as stated by our leader Mazi Nnamdi Kanu on countless occasions. "Regardless of ethnicity, religion or creed, IPOB is pursuing an agenda of freedom for all. Our message is very simple, 2018 will be like no other in the history of Nigeria and will prove to be the year of liberation for those brave enough to confront the evil that Nigeria has become in the lives of millions of people.
 
"Our quest for the total and unadulterated liberation of Biafraland is unstoppable; this we shall demonstrate in the coming months. Those deluding themselves with the laughable and perverse notion that IPOB has been weakened because of the absence of our leader are in for a shock.
 
"This move today is the beginning of a mass revolution against our oppressors that will spread outside the borders of Biafra land.
 
"The coming of this new revolutionary Radio Nigeria Hausa Service will expose centuries old/ dark secrets through education of the oppressed Hausa Fulani youths that IPOB and Biafra mean well for them contrary to the lies being peddled by their corrupt leadership.
 
"We will not fail to let all Northern youths understand that their political leaders, elders and fathers like those in Biafra land are the real oppressors that have, over the years, kept them in the dark through a carefully crafted and systematic regime of misinformation and propagation of falsehood. Every Hausa speaking Northerner is advised to tune to 15110 KHz every night from 7 pm, starting from this Saturday, January 6, 2018, to be educated in order to be liberated."
 
Emeka Mamah and Chinonso Alozie filed above news.
 
*Photo Caption - As seen.
 

[ Masterweb Reports ] - Masterweb developed this page in a bid to daily keep you abreast of Nigerian and world news events so you are well informed and do not miss any news occurrence in Nigeria and around the globe. Most Nigerian newspapers are updated daily. Nigeria and World News Headlines are uptaded every ten minutes as events unfold in the world. 
 
This news page is a useful tool to both Nigerians and everybody irrespective of his or her nationality and country of residence in keeping abreast of current news around the world. We have millions of satisfied users of this page, some of who have made financial contributions in supporting the page and its component link sections.  
 
Use the links below to update yourself of today's news events - 
 
=> Click To Read Nigerian Newspapers
 
=> Click To Read Nigerian News Headlines
 
=> Click To Read World News Headlines
 
=> Click To Read Nigeria Radio & TV News
 
=> Click To Read World Radio & TV News
 
To adequately keep abreast of Nigerian and world news events daily, below is a guide to follow so you do not miss any single news event in Nigeria and around the globe. This means that the news guide is important to both Nigerians and everybody irrespective of his or her nationality and country of residence.
 
STEPS TO FOLLOW NOT TO MISS ANY SINGLE NEWS ITEM
 
1. STEP ONE - Start-off by subscribing to Masterweb RSS News Feed - This is a one time action. Subscription to Masterweb RSS News Feed allows for the automatic download of our news updates to your computer - that way Masterweb news updates come to you automatically. Click here to subscribe to Masterweb RSS News Feed
 
_______
 
2. STEP TWO - Start the day by visiting our Newspapers Section ( www.nigeriamasterweb.com/paperfrmes.html ) and read Nigerian and world news from different sources including Nigerian newspapers.
 
_______
 
3. STEP THREE - Visit both our Nigeria News Headlines ( www.nigeriamasterweb.com/NigeriaNewsHeadlines.html/ ) and World News Headlines ( www.nigeriamasterweb.com/WorldNewsHeadlines.html/ ) several times (up to 12 times) daily as the pages are updated every 45 minutes. During a visit, if the news is not updated, hit the F1 key on your keyboard to refresh the page for the latest news update.
 
_______
 
4. STEP FOUR - Check out what are on radio and TV in Nigeria and the world by visiting Nigeria Radio & TV News and World Radio & TV News
 
_______
 
5. STEP FIVE - Check out what our news contributors may have posted for the day at our Citizen News ( www.nigeriamasterweb.com/blog/ ) and Masterweb Reports Section ( www.nigeriamasterweb.com/Masterweb/ )
 
_______
 
6. STEP SIX - Revisit our Newspapers Section ( www.nigeriamasterweb.com/paperfrmes.html ) before bedtime for late updates and/or following day's early updates by Masterweb and Nigerian newspapers.
 
_______
 
7. YOU ARE NOW FULLY INFORMED FOR THE DAY - If you follow the guide above, you will never miss any news event in the world. This means that you will be fully equipped to engage in any news or current affairs discussion anywhere and any place in the world. Best of luck!
 
8. ALL NEWS LINKS ABOVE ORGANIZED ON ONE PAGE - Masterweb has put together a unique page that has all the news links above that you need to adequately keep abreast of Nigerian and world news events - Click here to go to the page ( the Link or URL is http://www.nigeriamasterweb.com/NeverMissNewsEvents.html ).
 
*Photo Caption - As seen.

[ Masterweb Reports: Press Release For Immediate Release ] - It has been brought to my attention that a number of fake news items with my photo and fake voice recordings of me making political utterances are circulating on social media.
 
I want the public to beware of such fake news items. They are being put out by politically motivated people with malicious intent.
 
It is the 2019 political season and such people are desperate to destroy and distract for power.
 
I want to state categorically, as I have always done, that I will not be distracted from the focused international assignments I am engaged with.
 
Signed.
 
Ngozi Okonjo-Iweala
 
*Photo Caption - Ngozi Okonjo-Iweala
 

[ Masterweb Reports: Comrade James Ezema reports ] - In line with the resolve of the leadership of the Nigerian Army to domesticate manufacturing of its wares, Nigeria indigenous motor manufacturing company, Innoson Motors has entered into partnership with the Army for modification of some of its equipment, local production of armoured fighting vehicles and other military hardwares.

 
The partnership follows the satisfactory performance of three Innoson vehicles deployed in the troubled North Eastern region found to be durable.
 
According to a statement signed by the Director, Army Public Relations, Brig Gen SK Usman and made available to The Nigerian online news portal on Tuesday, the partnership was entered during a meeting between the management of the company let by the Chairman, Dr. Innocent Chukwuma and the leadership of the Nigerian Army led by the Chief of Army Staff, Lieutenant General TY Buratai at the Army Headquarters, Abuja.
 
Speaking on the essence of the partnership, the Chief of Army Staff said was to formalize the business relationship between the Nigerian Army and Innoson Vehicle Manufacturing Company.
 
"The Nigerian Army being patriotic and in a bid to encourage local entrepreneurs asked Innoson Motors to supply 3 vehicles early last year which were found to be durable and performing very well as they were employed in combat and proved to be useful, comfortable and convenient in military operations.
 
"Based on that the Nigerian Army acquired over 70 more variants of the Innoson vehicles which were deployed in the North East for Operation LAFIYA DOLE", Gen Buratai stated.
 
He further explained that the Nigerian Army desires to deepens its cooperation by partnering with Innoson Vehicle Manufacturing Company Limited to conceptualize, design, modify and produce military hardwares.
 
According to the Army Chief, the specific areas of partnership between the Nigerian Army and the company include immediate supply of 100 vehicles, supply of appropriate gears, engines and chassis required for immediate modifications and repairs of armoured fighting vehicles in the North East Theatre of Operations.
 
Other areas according to the statement include identifying requirements for production of armoured fighting vehicle in Nigerian Army Central Workshop in Kaduna and enhancing capacity of Nigerian Army personnel to actively participate on the successful implementation of the joint ventures.
 
Responding, Doctor Innocent Chukwuma expressed happiness that the Nigerian Army has found his vehicles working perfectly and commended the Chief of Army Staff for his great sense of patriotism.
 
He promised to assist the Nigerian Army in its quest for better vehicles for its troops and resuscitation of its Special Vehicle Plant and Workshops.
 
Dr.Chukwuma further thanked the Chief of Army Staff for the commendation, maintaining that his company would continue to improve and expand its capacity in vehicle manufacturing and commended the Nigerian Army for the critical role it is playing in national development through the fight against insurgency in the North East and Nigeria in general.
 
Highlight of the occasion was inspection and handing over of 3 of the newly manufactured vehicles by the company for trial by the Nigerian Army. These newly manufactured vehicles are; IVM G80 Bigger Jeep, IVM G40 Smaller Jeep and IVM Granite Pickup.
 
Comrade James Ezema ( Email: jamesezema@gmail.com Phone: 08035823617, 08175047979 ) is a veteran journalist, Media Consultant, Social Engineer and Community Development Volunteer. He is also the Director of information at Citizens Rights and Empowerment Advocacy Initiative (CREMA Initiative).
 

*Photo Caption - Innoson Motors Chairman, Dr. Innocent Chukwuma hand over keys of vehicles already paid for by the army to Chief of Army Staff, Lieutenant General TY Buratai.

 

 

[ Masterweb Reports: Isiaka Wakili reports ] - The Chinese Exim Bank has agreed to pay the $550 million Nigeria needs to procure two new satellites, Communications Minister Adebayo Shittu said on Wednesday.
 
The minister disclosed this to State House correspondents after meeting with President Muhammadu Buhari.
 
Shittu said the Chinese bank agreed to this following the federal government’s inability to meet up with its 15 percent counterpart funding.
 
"Initially, the agreement was that they will provide the cost of the two satellites, $550m minus 15% which is the counterpart funding. Because we could not afford this 15%, we’ve renegotiated with the China EXIM Bank and the China Great Walls who are the manufacturers and they’ve happily agreed to pay the entire $550m to procure two new satellites.
 
"The two new ones will ensure that the Nigerian satellite company which is NICOMSAT can conquer the entire African continent with regards to the provision of satellite communication services. This is a very big business opportunity and I’m sure that the Chinese appreciate the potential market which is so vast and that’s why they’ve agreed that even without our ability to contribute 15%, they’re prepared to pay the entire sum of $550m for the procurement of the two new satellites for Nigeria," he said.
 
The minister said "it’s not a loan. It’ll be equity participation of the Chinese company into our business. NICOMSAT is a limited liability company owned entirely by the federal government. So, they’re paying that to finance these highly required facilities and we’ll agree on the percentage sharing. Of course, Nigeria has nothing to lose because we’re not putting anything into it in terms of financial resources."
 
Asked when will Nigeria launch the two new satellites, he said: "It takes two years to produce because it’s when we sign the papers they’ll start production. We hope that before the end of this month, we’ll sign the papers and then they’ll commence the production. It’s upon the completion of the production that the two satellites will be launched.
 
*Photo Caption - As seen.