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Nigeria’s New President Inherits a Country Without its Black Gold

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Paralyzed by gasoline shortages, Nigerian authorities appear close to reaching a solution. The crisis began in early March, weeks before the 29 March election that elected Muhammadu Buhari as Goodluck Jonathan’s replacement. Nigeria has long paid oil importers subsidies to control price and guarantee a steady supply. That, however, no longer seems to be working.

Oil suppliers’ credit lines were tightened amid the falling global price of oil, a slump in Nigeria’s currency, the naira, and the unpaid debt by the former President’s government. Suppliers claim that more than 900 million euros are owed in back-payments of government subsidies.

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Nigeria’s new president vows to fight endemic corruption

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muhammadu buhari

Along with security and unemployment, Nigeria’s new president Muhammadu Buhari, has declared corruption as one of the top three challenges he plans to tackle during his term.

The 72-year-old former military ruler took office on 29 May after defeating incumbent Goodluck Jonathan in the race to run a country struggling with a waning economy, endemic corruption, rampant unemployment, and the on-going security threat from Boko Haram.

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Al-Shabab uses dirty energy to get dirty money

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Al-Shabaab fighters

In 2012, the United Nations banned wood charcoal imports from Somalia. Almost no-one took notice of the United Nations’ stand against terrorism in the horn of Africa: al-Shabab, the militant organization responsible for the horrifying attack on Garissa University in Kenya this April among other atrocities, funds the majority of its activities through the sale of wood charcoal.

Al-Shabab receives an estimated $50 million per year from charcoal exported through Somalia’s major ports.

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Why Morocco intervened in Yemen?

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In light of the downing of a Moroccan F-16 jet in Yemen, the question “Why is Morocco intervening in the Yemen crisis?” must be asked. The Foreign Ministry has abandoned its legendary discretion and The Royal Air Force – along with a Saudi Arabia led coalition- is engaging in Yemen against Houthi Shiite rebels. Why does Morocco have an interest in this? Here are some explanations.
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