Saturday, October 2, 2010

Have You Lost Your Job In America? How To Survive The Storm In A Tough Economy

Have You Lost Your Job In America? How to Survive the Storm in a Tough Economy.

By: Chuks "U.C." Ukaoma, Austin, Texas U.S.A Email: uukaoma@aol.comThis e-mail address is being protected from spambots. You need JavaScript enabled to view it

On September 20, 2010, the United States of America's National Bureau of Economic Research announced the recession ended in June 2009. However, the Organization for Economic Cooperation and Development stated the unemployment will remain above "the pre-crisis level until at least 2013, with long-term unemployment remaining a concern." That would be a sluggish job recovery by historical standards.

For millions of Americans, this economic crisis has been the toughest they have experienced, period. It has been called the worst economy for working Americans since the Great Depression of the 1930s. For Nigerians in America who are currently out of work things are even direr: this is their great depression. These our unemployed brothers and sisters don't need anyone to remind them how bad things are on the employment front, they feel it every day. During previous recessions, most people begin to see the light at the end of the tunnel within months of recession declaration. Landing a job in this current downturn continues to be daunting, to say the least, and the number of people without jobs seems to grow by the day.

With so much pessimism in the air, what is a Nigerian without a job in America to do? Should he or she throw in the towel and say to hell with this? Should the Nigerian pack his belongings and head on home to Nigeria? Should he or she resort to life of crime to make ends meet by all means, thinking wetin man go do now? Should one just pray to God and hope for a miracle? What should you do if you are a Nigerian who is out of work in America?

When a majority of us arrived in America in the 1970's and 1980's, we had one track goal of going to university, earning degrees, and returning to Nigeria to live in relative luxury ever after. Back then, anyone who stayed here two years after graduation was considered "lost in America." The norm was to graduate on Saturday and be back in Nigeria the following week, or as soon as you received your "asambodo" or diploma. Most of us did not fathom staying in America this long. But here we are!

Once the effects of then President Shehu Shagari's "austerity measures" choked off money supply of Nigerian students here (who depended on funds from home), these students suffered severely in a hurry. It took major adjustments for many to come to grips with the new reality of fending for them selves in these United States. Gradually, Nigeria has changed from a source of funds nation to a country where money earned abroad are remitted to the tone of several billion dollars every year. You cannot send money home if you are unemployed or underemployed here. The unemployed Nigerians in America should consider doing the following:

1. Tell your folks in Nigeria that you are out of work in America. This is easier said than done but you need to consider doing so to alleviate the financial pressure from Nigeria. For readers who are not domiciled here, in America your occupation is more than a means to make ends meet. For better or for worse, your identity is embedded in your profession here and the consequences of not having a job can be drastically felt more so here than in Nigeria. Scores of people here dangerously live from paycheck to paycheck, so any misstep triggers a disastrous domino effect. For immigrants, this problem is compounded by nauseating pressure from home. Some people there think dollars grow on 4-foot trees here where you can tower over them and pluck the dollars and Western-Union the dollars to them. Haba! They ask you if you are not in the same America where so and so send thousands of dollars to his or her family in Nigeria? Go jari! Send me dollars and laptop and digital camera, and I-phone quickly please. You need do tell them you having a tough time here because they have no earthly idea how precarious life can be in America, especially when you have children to support. The pressure you receive to send dollars home may subside when they know you are out of work here. During economic recessions in America, scores of people lose jobs through no fault of their own. There is nothing to be ashamed of when you happen to be laid off.

2. Re-examine your expenses: One should monitor where every dollar is going at all times; when one is out of a job, one should watch where every cent is going. Even important driving trips should be combined to save gas (fuel) and marginal trips should be avoided all together. Those $5 coffee treats are now luxuries you can no longer afford. Literally save every cent by unplugging that battery charger when not in use. If you have been using a gardener to mow your yard, roll up you sleeves and start cutting your own grass, edge and trim them too. There is no shame in doing that. I have always maintained my own lawn and take pride in doing so. The $30 I save every time I mow my yard is money I put in my children's college fund or use it to give micro loan to woman in my village In Nigeria. If you are married and your spouse is still working, encourage your working spouse to take his or her lunch to work if there is refrigeration and microwave availability. You don't need to be out of work to do this; I often take my lunch to work. Home-made food is cost-efficient and often more nutritious. Cut out soda or fast food! Take any worthy work you can find to keep busy and earn income.

3. Tell your friends and contacts you're looking for work: When you're out of work in America is when you know who your true friends are. There is an Igbo man named Athan Ugo who used to reside in Austin (and has now moved back to Imo State, Nigeria). During the early1990s economic recession, this man helped many Nigerians secure employment in Austin, Texas. He did it without fanfare. A guy he worked with years ago asked me a fortnight ago if I knew Athan Ugo. This Caucasian was the one that gave me a pleasant earful of how helpful Mr. Ugo was to fellow Nigerians who needed jobs then. It would have been beneficial to meet a fellow Nigerian like Mr. Ugo when my family relocated to Austin in 1993 from California. I met Mr. Ugo a couple of times times in 1996. He never mentioned assisting some Nigerians. I respect him more for quietly helping others in need. In this severe economic recession in America, we need to help our fellow brothers and sisters who are seeking employment. Gossiping and sowing seeds of disagreement are unbecoming. Don't allow your marriage to be ruined by those PHDs (Pull Him/Her Down) merchants of evil. Help build your fellow Man up, don't try to tear him or her down. It is better to help our fellow Nigerian in need while the person is living than to wake-keep after the person is dead. If you hear of any opening, contact an unemployed Nigerian and give him a heads up. And if you are the person receiving help, make the person giving you the help proud by performing above the call to duty in your new place of employment.

4. Foster or re-establish professional relationship with sales people, such as the Realtor who helped you purchase your home. Sales people by the nature enjoy finding solutions and they know a lot of people of various professional backgrounds. The higher the ticket item the sales person markets, the more people in hiring positions the sales person will know. If you don't know any sales person, drive around the expensive part of town and obtain the contact information of the real estate agent whose name you see the most on "For Sale" signs. Call the agent in a positive voice and right off the bat express you're out of work and seeking help in finding a job. Tell the agent when you get back on your feet enough to buy a home, that you will want him to help you buy a home. Make it a win-win situation and do keep your word and call the Realtor when you get ready to buy a home or rental property. If the sales person helps you land a job, show your appreciation by doing an outstanding job and by referring people to that sales person.

5. Safe-guard your integrity and credit report: It is easy to get mad and depressed when you are out of work. But there is never a good time to let your integrity go. As you know in America, your reputation is everything. Try to pay your bills on time and if you cannot pay for any reasons, be the first to contact your creditor and explain your situation to them. Make partial payments if you must, to show good faith. Don't try to hide from your creditors. Be nice to them even if they are rough with you. Document everything you are doing for your records. If you allow your situation to damage your credit history, you might find it very difficult in securing another meaningful job in the future. Most employers now check your credit before hiring you. They rightly figure, if you cannot take care of your personal finances, then you would not be able to take good care of the company's funds. Moreover, those under financial stress at home may be more likely to steal or cheat or under-perform at work. Some of these latent decisions (by employers) are made behind the scene where you are not present to defend your case. So protect your integrity and your credit report at all costs.

6. Exercise: Engaging in strenuous exercises are very critical at all times, especially when you are facing lots of stress and financial problems. Unless there is a medical reason why you cannot work out, put daily exercises on top of your list. Bad habits are hard to break! We come from a culture that encourages people to be overweight. Big beer belly and thick neck are evidence of good living and wealth. A skinny person is regarded are being malnourished and poor. Many of us are still living that myth in America after all these years and with full knowledge of the adverse health effects of obesity. With so many Nigerian medical professionals in America, we should know better!

There are plenty of exercises to perform: you can jog, bicycle, lift weights, play tennis, soccer, racket ball, basketball, brisk walk, yoga, etc. I happen to enjoy bicycling, weight-lifting, mowing my yard, and practicing yoga. In the past several years I have really become an avid bicyclist. I started riding for just 3 miles and I am now up to 25 miles a trip and I often ride 6 days a week during non-Winter months. Like everything, you have to learn the rules of the game and be passionate about practicing your craft. Don't buy a used bicycle regardless of how cheap it is! I suggest buying your new bicycle from a local shop (not Wal-Mart, Target, Costco, etc), nothing against these big boxes. The local shop will properly fit you with your new bike, helmet, trip meter, night lights, bike pants, shirt, gloves, pump with gauge, water bottle and holder. These are the basics you must have to bike safely. Investing less than $500 on a bike is not a good idea for a beginner. Start with a hybrid bike. As you gain experience and your finances allow, you can buy the often pricey bike shoes and other gears. To save money, learn how to perform minor tune-ups on your new bike at the local free workshops. Take your spouse and children to exercise with you. Yoga and Pilates great too. You will love them! Give them a try to your delight and enlightenment.

7. Muster Positive Mental Attitude (PMA). As the adage goes, "the down fall of a man (woman) is NOT the end of his (her) life". Think positive and surround yourself with positive people. Count your blessings all the time. Regardless of how bad things get in life, there are always silver linings to hold on to and appreciate: your spouse, your children, your life, your siblings, your friends, etc. If some friends want to lighten your mood by supplying you alcohol, politely turn down their good but misplaced intentions. Drink in moderation, if you must drink at all! Face reality sober and don't compound your problem by chancing being caught driving drunk or causing a wreck that could hurt or kill yourself or others. Tough times don't last forever! You will overcome this situation and shine again. Stay strong! Stay positive!!. PMA all the way!!!

8. Make a personal pledge to give back to people who are not related to you when you recover from this situation. Promise to invest a percentage of your income on others in need in Nigeria or here in America or both. Write down your pledge and keep it to yourself. Or you can share your pledge with your spouse and loved ones, so that they keep you accountable while encouraging you to succeed. When you feel low, recall and re-read your pledge to help the needy when you get back on your feet. The joy you derive from giving to people who are not related to you and those who cannot repay you, is enormous. The more you give to others, the greater the joy you garner. I often say, giving is a selfish act where the giver receives more than the he or she gives away. No wonder the Book say, "it is better to give than to receive". Pledge to give $100 or more to a woman in your village or town you come from in Nigeria. Surprise the woman or women with the gift. Find one of your elementary or high school teachers and give him or her $30 watch. Tell your former teacher "thank you" for helping educate you. Fill your mind with these positive thoughts of how you will give back. Be a person of your word and help the needy later.

9. Relocate: Good things often happen when one changes locations.

Relocate and change careers, if you must! If you cannot find what your family needs where you are, consider moving to a new city or state in America. You don't need anyone's but your own imprimatur to move to another area in the United States. America is a huge place with lots of diversity in living costs and standards. You don't have to live in Kansas or California all your life in America. Moving is a good thing: it rekindles your spirit, enlarges your pool of friends and broadens your horizon.

Let me tell you my personal story so you know I have been where you are: As much as I enjoyed living in California, I wanted to raise my family in a different environment. So when my wife arrived from Nigeria and soon after became pregnant, I had to quicken the pace to relocate. We did our research and found Austin the ideal place. Not only did I not know anyone in Austin, I had never even visited Texas before then. I had a very good and relatively safe job with the City of Oakland, California. Remember in 1993, the economic recession was raging and President Bill Clinton had just taken office, the employers were reducing their workforce and houses were not selling well in the Bay Area. All these factors made it more daring to attempt a move.

To make matters dicer, during a send off party they organized in our honor, my good friends and fellow California State University alumni (Frank Clark III, Norma Thompson, Don Harris, Robert Scotlan and others) tried to discourage us from moving to Texas. They meant well! Some of them teased us if we ever watched movies, referring to how Texas was portrayed on the screens. Frank told us, he would reserve a bedroom in his home for us should we come back to California after giving Texas a try. Even the Realtor, Eugene, who sold our houses there, jokingly told us Texas was so big and hot that it would take us two days to drive from El Paso to Austin. He told us the bugs in Texas are so big they need a runway to land and take off. Of course, Eugene told all these after we had accepted the offers on our houses in Oakland. You can imagine what was going through my wife, Christiana's, mind after hearing all these about Texas. She had just arrived in the States four months prior! Yet somehow she maintained her faith in me and almost two decades later, God continue to crown our efforts. We love it here in Central Texas!

From California, we rented an apartment in Round Rock, connected all the utilities, shipped most of our belongings to Round Rock, near Austin. The move to Texas was smooth, but the summer heat and humidity were almost unbearable. It seemed hotter than anything I experienced growing up in Nigeria, or while attending Emporia State University, Kansas years earlier. In all my calculations, I did not fully anticipate how difficult it would be to land a job that paid near what I was making while working for the City of Oakland. All of a sudden, I did not have the connections I had in California and even the lower paying positions were very difficult to obtain. I worked for both UPS and FedEx as driver part-time helper. I guess that if I planned for every eventuality, the analysis would have paralyzed me from relocating.

To make matters more hairy, three days into our move to Austin, my wife and I stumbled on this extraordinary new homes salesperson Mr. Darrel Voigt. Darrel knows no stranger. He has the fatherly demeanor and people skills that are difficult to explain. But when you feel it, you know it! To make this story short, before we knew it, we were already signing a contract to build a new home. This is very much unlike me to make such a reckless decision, but I was being guided by providence. Darrel overcame every objection I raised against a home. I told him we were new to Austin and that I did not have a job yet. Without a second thought, he asked me to bring him my resume, and that he would help me find a job before construction was completed on the home. He had faith in me!

When after two months in Austin, I could not find a good paying job. Darrel offered me a job as a new home salesperson. He said I would be "great" at it, and would enjoy the profession more than working for the City of Austin or the State of Texas. I refused the offer and pursued working for the City of Austin because I wanted the stability of income in lieu of the inconsistency of a commissioned career. Having worked in the insurance industry for six years in California and being quite good at it, I knew about commissioned professions. With our first child on the way I was cautious about being able to provide for my family. So I worked with the City of Austin until we moved into our new home, and continued after the birth of first child.

However, in 1995, I had a change of mind and decided to go into new homes profession. True to his word, Darrel got me hired before the company knew me as a person. As I was introduced at the company general meeting, you could hear a pin drop as the president of the company called (mispronounced) my name to stand up. Everyone was shocked to see me! The president said he was told (by Darrel Voigt) I was one of the "most motivated persons he has ever met." He concluded by saying, "We will see what he does." He had the right to feel that way because not only was I the only African American in the sea of white people that day, I was the only African American in new home sales in Austin, Texas for years to come. Almost 16 years later, I remain one of the two steadfast African Americans in the Austin new home business. Some have come and gone, but we remain the duo that has been at it for the long haul. Believe it, my accent (identity) and passion are my greatest assets in my profession. I am very proud of my Nigerian heritage!

From day one, I worked with heightened passion, superior dedication, and first class integrity. I was driven to succeed, not just for myself but to clear the path for every other Nigerian or African that stumble onto this same trail. If one passionately works hard, defers gratification, conserves resources, treats people right, and above all God blesses one, one will succeed.

So my brothers and sisters out of work now in American, hold your heads and shoulders up, not in arrogance or foolish pride but in believing you will overcome your current plight. You will thrive again and be better than you were before you lost your job.

True success is not based on the size of your bank account or your home or the type of vehicle you drive, it should be measured by the positive impact you have on others, including those you are not directly related to by blood.

Chuks "U.C." Ukaoma and his wife and children reside in Austin, Texas. He's a Senior Market Manager for Drees Homes

Some Misinforming ‘informants Of Sports’

It is bad enough for those who do not have access to information because they do not know how to access such information even though they know what value it will be for them. Their cases are like those who know that there are ‘resources’ beneath the surface upon which they dwell that could be of huge economical benefits to them; but could not access it because of technological know-how or other restrictive reasons. It is even worse for those who do not even know what information is because of ignorance. Though they are not at fault, they trample upon the ‘resources’ beneath them without realising what it is or how useful it could be to them. However, the worst of the lot are those few people who are the ‘supposed’ custodians of information because of their knowledge of its importance, accessibility and dissemination but out of sheer laxity or lack of ‘cranium’ abilities; they choose to misinform both the aware and un-aware audiences. Of course their cases are like those who are aware of the usefulness of the resources underneath them, have the accessibility to these resources but misuse or abuse the resources.

You see, of all the audience that gets information from any media source; it is the unaware who suffers most. Why? Well because they take in whatever they are told hook line and sinker mostly without corroborating the information. They are fed anything like a helpless baby who eats whatever is given to it by whomever. Let us not forget that the people behind the black ink on white that we read either online or in the newspapers are humans like ourselves who have ideas that could be sitting within fantasies or imaginations. Often times fantasies and imaginations are lofty and lazy traits exhibited by writers; which are often punctured and soured by realities. So when writers in their fantasies concoct a tale or two to serve the public, it is the duty of their Editors to put a reality check on such fantasies especially when it concerns fact based reporting.

In the today’s World of internet highways, information and mis-information fly everywhere and we all are sometimes guilty of buying whatever suits our fantasies online. Like a case when one Arsenal fan wrote of Thiery Henry’s seemingly decline in football fortunes because he transferred this summer to the Major League Soccer (MLS) outfit, New York Red Bulls after he had left Arsenal for Barcelona. The article ‘typically’ appropriated the judgement to sell Henry by Arsene Wenger 3 years ago as a sound decision because Henry nowadays cannot match the lofty heights of his Arsenal days and Wenger spotted that 3 years ago to allow him leave . It further went on to link Wenger’s sales of Edu, Vieira, Hleb and Flamini as reasons of justification. The report understandably, was massively skewed and sentimental towards Arsenal and its teeming supporters. It went further to deify Wenger in a general football context rather than the usual context of Arsenal’s World. Agreed Wenger was right to do away with dissenting players who wanted to move on and he sure cashed in on those moves. But as in the whole case, the author should have balanced the report with the core reasons why these players left and; their achievements away from Arsenal as compared to what Arsenal achieved after they had gone. Then we would be able to assess the facts and make our judgements as audience and readers. Henry was reported to be hugely limited with a serial back pain even whilst at Arsenal. He probably looked at his playing achievements and thought the policy at Emirates might not help him achieve his desired Champions League laurel so he moved to Barcelona. Statistics and history showed his decision was very right to leave Arsenal as at the time he left in 2007; and if he now found the rigours of European League to be too much, one should easily understand his decision to cross the Atlantic for New York. Thiery Henry is quite fulfilled as a Professional Footballer. He won League titles in 3 Countries in Europe, the European Championship and the World Cup as well as the Champions League. Of note is that he won the same amount of laurels won in 8 years of football in England in just 3 seasons of football in Spain, scoring 35 goals in 80 games ( better than his earliest career records at Monaco of 105 games and 20 goals). Better for Henry is also the fact that while he accumulated more ‘feathers to his football hat’ at Barcelona, Arsenal have not won nothing since 2007. To crown it all he ranks 33rd amongst the greatest ever footballers according to the list of the Association of Football Statisticians

Sure we all have sentiments as humans and football is a very difficult issue to discuss or write about without showing these sentiments. But when the Medium of which we chose to write our reports is deemed as neutral; then proper care should be taken as not to be seen as biased. Henry Winters of the Daily Telegraph wrote a piece a day after Jermaine Defoe of Tottenham Hotspurs used his hand to control the ball to score a pivotal goal in the encounter against Young Boys of Switzerland in the 2010/11 Champions League Qualifier. He wondered why Defoe did not get the Thiery Henry treatment from the Press with the hindsight on Thiery Henry’s outcry. He even pointed out that some English or British Commentators of the match “chuckled” after replay showed Defoe controlled the ball with his hand before firing in the 2nd goal. Yet they were the ones who led the campaign to slaughter Theiry Henry following last year’s game in Paris against Ireland Republic.

I want to believe that an outfit like a Media House that pays wages to its staff for serving information to the populace should at least have an Editor and a Proof reader to validate the authenticity of stories or report and also correct tenses. I do also want to believe that a big outfit like the BBC should have at least gotten their facts right when they reported Egypt as the first African team to defeat Italy’s National team in the Confederations Cup last year; whereas Zambia defeated Italy 4-0 in Seoul 88 Olympics back in the days when National Teams were still allowed to play Olympic Football Tournaments. Worst still was the NTA’s (Nigeria Television Authority) repeated scrolling of the report that a recent friendly match between South Africa and Ghana ended 2-1 instead of 1-0. The worst cases in Nigeria are the so called or self styled ‘Football Encyclopaedias’. Rarely do they string facts together as they churn out info filled with fantasies rather than realities. They discuss football issues without qualitative examples and they often times do not seek improvement of delivery. Because there are no regulatory bodies to monitor, evaluate and reward proper sports casting in Nigeria; does not mean mediocrity should rule the airwaves. Someone once said the outcome of a match would either be a “draw, defeat or victory”. One wonder what other outcome should be expected of a match other than draw, win, or lose? A ‘clown’ on ITV Abuja’s Global Sports kept hammering on why Nigeria require a Coach with the “Mourinho tactics” each time the issue of Nigeria’s Coach or how Nigeria should play comes up. He never considers the cost of his demands nor even the reality that how many National Teams do have the luxury of a ‘Mourinho minded Tactical Manager’? Even Portugal, Mourinho’s Country of birth cannot presently enjoy the luxury of his tactics.

Such are the nightmares some of the audience are being subjected to by several Sportscasters. Mitchel Obi the veteran Sports Journalist yesterday in his Sports Extra Programme on AIT ridiculed India not only because of the shambles they have put in place for hosting the 19th Edition of the Commonwealth Games but also by calling India “Impossible India” instead of the “Incredible India” slogan we see on their advert to boost tourism. This was despite the fact that, the information was not necessary and useful for the presentation at hand. It was outrightly done out of ignorance and the inability to think right. i.e how can a Country call itself “impossible” through its own campaign? When you wake up on any morning and tune your radio to Brila FM. You will be awed by the several Larry Izamuje clones who despite having microphones at their disposals always attempt to damage people’s eardrums all in the name presenting sports information. The awfulness continues when the presentations comes in dodgy Western accents that are completely alien to Nigerian culture.

The worst of the lot in Nigeria I am afraid is NTA’s Tunde Orebiyi of the BON studios which aired the just concluded World Cup in South Africa and currently, some of Saturday’s EPL matches through AIT. Tunde Orebiyi occurs to viewers most times absentminded. He would return to half time Studios of live games giving the wrong scoreline (no exaggeration). Last week, in the Champions League match between Manchester United and Rangers, he called the Scottish outfit “Rangers International” (that is the name of Enugu Rangers) whilst using the term “Glasgow” more than once during the process of questioning his Guest Analysts. He would look at the sheet of paper in front of him and still finds the pronunciations difficult. He mostly cuts a picture of someone very unprofessional whose only business with football should be just by watching.

Again just yesterday, goal.com an online football website, titled its report on last Wednesday’s Barca’s victory over Sporting Gijon as “Villa fires Barcelona to their first win of the Season”. Logically, the heading was wrong on two fronts and could have been right on a front had it been reported according to its fact. The first essentially is that yesterday’s victory wasn’t Barca’s first victory of the Season as they have beaten Racing Satander, Athletico Madrid and Panathinaikos prior to that game. Secondly, it wasn’t Barca’s first home victory of the Season because they defeated Panathinaikos in the Nou Camp 2 weeks ago in a Champions League match. Rather it was Barca’s first home victory of the season in La Liga. There are clear definitions to follow if a writer wants to sensationalize a report or article. They also said Villa’s goal was his first for Barcelona meanwhile it was actually his third. Professionalism cannot be bought by any individual but it can be perfected or attained to the very best level if the commitment is there. Mistakes are permissible as human beings, but when mistakes become persistent because of poor planning and lazy fact referencing; then it becomes an issue of gross ineptitude. Effort is all that is required.

Reforming Micro Financing In Nigeria

Across the globe, the Banking Sector plays a vital role in the growth and development of any nation. Since independence to date, there had been various policies and reforms geared towards strengthening the economic backbone; from indigenization to Consolidation in recent past, and Bail-outs, Recapitalization and Institutionalization of Banking Ethics, and the Acquisition of Toxic Assets from banks’ books to avert possible collapse in present times. This feature is a consolidation of a previous publication, Micro Financing in Nigeria: A Dire Need for “Sanusitization”, eliciting the attention of the Apex bank and the public towards some needed drive in checking the excesses of this Banking Sub-Sector of the Economy. Even though the CBN’s Hurricane audit that exposed top banks last year should have served as an eye cleaner to the Micro Finance Institutions (MFIs), continued sharp practices in the MFIs have resulted in loosing depositors’ funds to non credible customers who have no available means of repaying the loans; leading to MFI’s inability to pay depositors on demand.

One determinant of the success of MFIs is the level of financial regulation and supervision a government puts in place. This can be both prudential and non-prudential regulation and supervision. While prudential regulation directly sanctions and assumes the responsibility for the soundness of the system, non-prudential regulation only offers guidelines and standards. Prudential regulation brings in benefits by avoiding banking crises, protecting depositors and encouraging financial sector competition and efficiency. The degree of financial regulation and supervision depends on the country context. Nigeria’s regulations have been characterized by numerous weaknesses and flaws. For instance, there are a number of controversial issues regarding regulatory incentives for MFIs such as exemption from Value Added Tax (VAT) on lending, or tax on interest income or revenue.

Giving the roles and responsibilities as provided in the Microfinance Policy, Regulatory and Supervisory Framework for Nigeria, the government must ensure a stable macro-economic environment and providing basic infrastructures like electricity, and setting aside an amount not less than 1% of the annual budgets of state governments for on-lending activities of MFBs in favour of their residents. Although it is hard to make generalisations about Africa's microfinance sector because of its regional and institutional diversity, Nigeria’s MFIs operate in ‘difficult’ financial terrain with a weak rule of law, open and latent conflicts and corruption affecting everyday live. Knowing that regulation of microfinance has become a hot topic internationally in recent years, it is advocated that the Central Bank of Nigeria (CBN) follows a right path as did by the Central Bank of Sri Lanka (CBSL) in drafting a Microfinance Institutions Act which should be passed into law.

At present, regulation and supervision of the microfinance sector in Nigeria occurs within a complicated structure. Much of the provisions of the regulatory guidelines and frameworks are not strictly adhered to in recent times. For instance, there is the requirement to curtail the outstanding principal amount of all loans, Portfolio-At-Risk (PAR), at 2.5% by MFBs, rendition of returns and the publication of audited financial statements. In some MFBs, the PAR stands at 9%, while in some detrimental cases, 15%. Some lists of borrowers in the MFBs were felonious from the commercial banks. Very little of the reasonable hundreds of MFBs in the country publish their audited financial statements for public consumption; publication of financial statements had assisted the public in identifying “big” banks with negative net assets after the CBN’s audit of commercial banks. The non-compliance to the regulatory guidelines does not only serve as a violation of rules, but also puts the depositors into the claws of their unethical practices and poor corporate governance.

Although Corporate Governance is a system of checks and balances whereby a board is established to manage the managers, Governance is sometimes conceived as a virtuous circle that links the shareholder to the board, to the management, to the staff, to the customer, and to the community at large. Above all, governance should be a product of character, one the Cs of credit that banks fail to reckon with. However, governance in the Nigerian MFBs is one which confuses control with ownership. Good governance engenders trusts that allow a financial institution to attract depositors and investors. Governance provides assurance to government officials and, in the case of financial institutions, to bank superintendents. One way to create trust in the governance process is to eliminate conflicts of interest. Board members should not receive any personal and clear objectives. It is important that board members do not have political agendas that could influence the direction of the organization.

The need for a reform of this financial intermediary cannot be restricted to the creation of law, prudential guidelines and Acts alone. There must be proactive steps and measures at dealing with the “Charles Ponzis” of our MFIs. As the reform continues, the review of governance and micro-finance raises more questions than it answers. Indeed, there are no easy answers, particularly in an infant industry that has yet to establish governance guidelines. Further, it would be required to develop a recruiting kit to assist a board in identifying its role and the skills necessary for an MFI board; training board members about the hybrid objectives of micro-finance; preparing guidelines about the appropriate role of board members to avoid conflicts of interest; and conducting research to suggest ways of aligning incentives and compensation for senior management and board members with the social objective of the institution.

Salim Salihu Muhammed

Government Accountability In Africa, A Question Of Choice

Unlike what is obtainable elsewhere, many African governments do not see the need for accountability. The average African leader sees no need to be accountable to the governed and the masses themselves do not know or care that the governments they voted in is supposed to be accountable to them, an institutionalised apathy has had significant impact on the macroeconomic performance of African states, especially south of the Sahara.

The inability or unwillingness of most African governments to formulate or implement programs that will force political office holders to embrace accountability as a way to stem endemic corruption have been seen by experts as a glaring example of the governments culpability in the processes that encourages corruption. While the economies of their countries flounders, most African governments, instead of doing the sensible thing – checking the root cause – go cup in hand to donor nations, in search of aid. This situation was highlighted recently by Zambian economist Dambisa Moyo, who called for a financial market-led approach to development.

Moyo, who wrote the book ‘Dead Aid’, criticised aid flows, arguing instead for increased trade, foreign direct investment, and use of capital markets through bond issues.

Former British Prime Minister, Tony Blair, recently said that developing countries needed to do more to promote government accountability, battle graft and create a “one-stop shop” for frontier investors.

Mr Blair statement summarises the problem as well as points to the solution. Graft is the root cause of Africa’s problems, without it accountability would not be an issue. It is the need to cover up the proceeds of corruption that causes government officials and civil servants, who regard government office as a business from which they extract extra income, to avoid any form accountability.

Though government corruption is not peculiar to Africa, as even western nations have had to deal with this hydra headed monster, the added problem of little or nonexistent government and bureaucratic transparency in most African economies makes it harder to trace and almost impossible to combat. African countries have had to turn again and again to the west for prosecution of corrupt government officials. This is solely because there are usually no hardcore evidence available to backup prosecution, as such African governments – the few willing enough to take the fight against corruption that far – turn to the western nations – where the proceeds from corruption are stashed – for help.

An alien lifestyle

Corruption in Africa is believed to have arisen from the clash or conflict between traditional values and the imported norms that accompany modernization. African traditional lifestyle frowned on vice of any kind and several checks were in place to checkmate any tendency to flirt with the negative. But the advent of colonialism and the importation of new religious beliefs effectively killed the age old beliefs, making it easy for people to spurn the checks that tradition placed on the society.

In an Africa where traditional values are sacrosanct the following statement would not ring true; “People in Africa see corruption as a practical problem involving the outright theft, embezzlement of funds or other appropriation of state property, nepotism and the granting of favours to personal acquaintances, and the abuse of public authority and position to exact payments and privileges" (Harsch 1993: 33), But those values have since gone the way of the traditional religions that spawned them, leaving the average African without a distinct identity.

The way forward

Though many African countries have vowed, in principle, to fight corruption and ensure accountability in their states, how far they are willing to take is exemplified by the Nigerian and South African example.

In Nigeria, with two anti-corruption agencies the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), there has been very little incidents of conviction in cases involving political office holders charged with corruption and even when there are convictions, the guilty parties either strike deals with the anti graft bodies to forfeit some of their loot and walk away, or got ridiculous jail terms.

South Africa, seen by the West as an example of a thriving African democracy, has had to deal with issues of corruption and accountability. Current President Jacob Zuma was accused of money-laundering and racketeering, stemming from a controversial $5bn (£3.4bn) 1999 arms deal, but the charges were thrown out just weeks before the elections that brought him to power.

According to Tom Lodge, a Professor in the Department of Political Studies, University of the Witwatersrand: “Public opinion suggests that political corruption is entrenched in South Africa. Comparative experience does not indicate that the historical South African political environment was especially likely to nurture a venal bureaucracy; as a fairly industrialized and extremely coercive state the apartheid order may have been less susceptible to many of the forms of political corruption analysts have associated with other post-colonial developing countries.”

It can be inferred from the above that the enforcement of state regulations and statutes in most African countries is poor, arbitrary, capricious, and ineffective. In many African countries, The Political elites have significant influence over the allocation of resources, so they behave like interest groups (cabals) whose primary objective is to put pressure on the political system in an effort to redistribute wealth to themselves.

Therefore, for African governments to embrace accountability and consequently break the shackles of corruption that is holding them down, they need to move beyond formulating policies and pay better heed to their implementation strategies while also checking the undue influence of the aforementioned cabals.

Also of utmost importance is the overdependence of African leaders on advice from the West that mostly seeks to protect its interests when dishing out advice. African leaders need to better understand the need of their economies and equate that with the advice received from the West, thereby ensuring the acceptance of only those policies useful to their countries.

Africa’s problems might seem insurmountable, with root causes that might appear very vague when viewed from the perspective of the West. The West may be undeniably right when it says that Africa’s problem s stems from bad leadership, but it fails again in that same regard when the fact that most of these leaders only succeeded because of support from Western states that claim they are the lesser evil is taken into consideration. That is to say that the west contributes in more ways than one to Africa’s perennial problems.

If these issues are tackled holistically, African economies will be the better for it and will see the sort of direct foreign and local investment that is needed to move them from third world economies to emerging economies.

alt

www.fredrnwonwu.blogspot.com

Hollywood And The African: Whither Our Culture

It has become accepted norm for Hollywood to assign a singular, peculiar speech pattern and mannerism to the African character regardless of geographical origin. These movies also go out of their way to avoid modern Africa, choosing instead to lay emphasis on slums or build throw back African villages, images of what was obtainable a hundred years ago – It appears Hollywood allow for time shift in movies about the west but refuse to do same for those set in Africa.

One might try to trivialize this Tarzan and King Kong mentality, and argue that those movies about Africa stem from another era, but how does one explain the bastardization of traditional African society in recent movies like Wonderful World, Phat girls, Sahara, when the sun sets and the blockbuster Wolverine (though one might give Wolverine some kudus, it still toed that sour line).

One recalls with unabashed horror a housemaid, supposedly in urban Lagos, near the end of ‘Phat girls’, who conveniently couldn’t understand basic English, the official language of Nigeria for decades (she naturally should be able speak the common pidgin variant) and how the Lagos disappeared in ‘Sahara’ replaced by a dirty little sparsely inhabited islet – very insulting, methinks, to depict a very modern city with two airports, several harbours and millions of inhabitants, this way.

It gets worse, in ‘wonderful world’ where only a small airstrip with a single engine airplane represents Dakar airport, making one wonder if the crew could not get hold of a clip of the country’s international airport or even one of several local airports? Then, again conveniently, a single-room house represented a village in Senegal, how obtainable is that.

Then a five hour trip from Lagos to eastern Nigeria became ‘a two day trip’ in ‘Wolverine’ and the heroes of ‘Sahara’ managed to navigate by boat from Lagos to Mali through a Niger River that aside from being dammed in Nigeria, is wildly known to be not navigable after Lokoja in central Nigeria, at least by a boat the size they used – Makes one wonder if the director bothered to surf the net to find out stuff about Nigeria at all or if as usual it was just convenient to portray Africa through the West’s eye, no apologies given.

Some of the constant goofs Hollywood make about Africa, aside from being hurtful, appear to be somewhat deliberate, as if Hollywood is saying: ‘we don’t have to be factual when portraying you because you don’t really matter.’ Why else would they spend millions of dollar making sure sundry props are up to date and as factual as possible, but yet depict Africa constantly like post stone age society. I am not talking about racism and other like prejudices here (that will come), but simple truth about African realities and lifestyle.

Somehow Hollywood seems to derive a lot of joy – and money – making the world believe that Haggard, H. Ryder’s ‘King Solomon's Mines’ Africa existed and do still exist. Plain stupid or acute laziness, be the judge of that.

Most people in the west know next to nothing about Africa and seem to enjoy this ignorance. Perhaps it allows them to continue to see us as those half nude savages their history books tells them we are.

As a writer with a little online presence, one has had his fair share of stupid questions. A college graduate from the US once asked me how I managed to cure my guinea worm infection and dodge been drafted as a child soldier. It took all my strength to control my ragging anger and educate him a little. Apparently all he has ever heard about Africa were negative. The fact that I have never seen guinea worm firsthand or and knows nothing about child soldiers baffled him. But you live in Africa? He asked. Yes, I replied. But in Nigeria there are no child soldiers and I live in a modern city where Guinea worm does not exist.

This overgeneralization where Africa is concerned brings me to the issue of unabashed racism that the west seems to have inculcated into Hollywood movie culture. I recently watched the controversial Hollywood sponsored movie ‘District 9’ and came off feeling numb. For a movie set in Africa and directed by an African – presumably – there was very little about Africa on display aside from place names and black faces. As a Nigerian I was peeved at the constant referral to ‘Nigerian gang’, and wondered why the director wanted to make sure that tag stuck to the viewers mind. As a black man, I was also bothered by the fact that that future South Africa appeared to be the dream land the Afrikaners had wanted, the one with black servants, factory workers and white rulers.

Also, this movie very much followed the usual Hollywood cultural script (do little or no research about the Africans characters you portray) as the so-called Nigerian gangs spoke South African languages which Western ears will definitely hear as Nigerian languages. No wonder the movie got the nominations it did (I hear it just got nominated for both the Hugo and nebula.). Seems like Neil Blombank is receiving a lot of kudus for this rape of Africa in a movie where, for me, he killed the chance to really tell and African tale, at least a political correct one.

As for Hollywood, it is time they stop portraying us as ignorant savages that should be poked fun of in movie after movie. The producers and directors should spare a little expense on creating factual African characters that are synonymous to real life figures, just like they do for western characters. It is time Hollywood accepts that we do have home grown heroes here in Africa.

On a lighter note, one thinks Africa has come of age; we don’t need western heroes saving us movie after movie.

http://fredrnwonwu.blogspot.com/

Savouring Zambia's Grandeur

A landlocked country in Southern Africa bordered by the Democratic Republic of the Congo to the north, Tanzania to the northeast, Malawi to the east, Mozambique, Zimbabwe, Botswana, and Namibia to the south and Angola to the west, Zambia is a vast country. At 752,614 km2 (290,586 sq mi) – which is almost half the size of Europe – it is the 39th-largest country in the world (after Chile).

With 19 national parks and 6 major lakes (Zambia shares the incredible Victoria Falls with Zimbabwe); Zambia is also home to more than 20 different tribal groups and rich animal life.

The capital city, Lusaka, is located in the south-central part of the country. The population of Zambia is concentrated mainly around the capital Lusaka in the south and the Copperbelt to the northwest.

Geography

The country has vast wetland areas feeding a countless number of rivers, tributaries of some of the biggest rivers in Africa.

Zambia has a tropical climate and consists mostly of high plateau, with some hills and mountains, dissected by river valleys.

Zambia is drained by two major river basins: the Zambezi basin in the south covering about three-quarters of the country; and the Congo basin in the north covering about one-quarter of the country. A very small area in the north-east forms part of the internal drainage basin of Lake Rukwa in Tanzania.

The Zambezi falls about 100 metres (328 ft) over the 1.6 km (0.99 mi) wide Victoria Falls, located in the south-west corner of the country, subsequently flowing into Lake Kariba. The Zambezi valley, running along the southern border, is both deep and wide

Lake Tanganyika is the other major hydrographic feature that belongs to the Congo basin. Its south-eastern end receives water from the Kalambo River, which forms part of Zambia's border with Tanzania. This river has Africa's second highest uninterrupted waterfall, the Kalambo Falls.

Climate

The climate of Zambia is tropical modified by elevation. In the Köppen climate classification, most of the country is classified as humid subtropical or tropical wet and dry, with small stretches of semi-arid steppe climate in the south-west and along the Zambezi valley.

There are two main seasons, the rainy season (November to April) corresponding to summer, and the dry season (May/June to October/November), corresponding to winter. The dry season is subdivided into the cool dry season (May/June to August), and the hot dry season (September to October/November). The modifying influence of altitude gives the country pleasant subtropical weather rather than tropical conditions during the cool season of May to August.[13] However, average monthly temperatures remain above 20 °C (68 °F) over most of the country for eight or more months of the year.

Top 8 reasons to visit Zambia

1: The Victoria Falls

2: White water rafting on the Grade 5 Zambezi River

3: The South Luangwa National Park is one of the greatest wildlife sanctuaries in the world. The concentration of game around the Luangwa River and its ox-bow lagoons (danbo’s) is one of the most spectacular in Africa

4: Kafue National Park, the largest game reserve in Africa

5: Bird watchers paradise, Lochinvar National Park has over 400 known species of birds. The rare shoebill stork and the Taita Falcon may be seen in other parts of Zambia

6: The highest uninterrupted waterfall in Africa – The Kalombo Falls (221m)

7: 28 different cultural ceremonies each year including the 300 year old Ku’omboka ceremony

8: David Livingstone’s memorial

Uncovering Nigeria At Fifty

Uncovering Nigeria at Fifty

By Leonard Karshima Shilgba, PhD

The ritual is on October 1. Nigeria attained political independence on October 1, 1960. So, October 1 is a day of usual speech-making and “celebration.” This year’s ritual has attracted the most interest in years because of its “golden jubilee” characterization. I will not take up a lamentation on Nigeria in this essay. I shall rather concentrate mainly on analysis of what Nigeria is and who Nigerians are. I will talk about what we can and should do if we genuinely want to move farther ahead of our self-inflicted retarded social position.

We have good visionary and capable people. This is not in doubt. But how many of these people have political power to change things, move things, and make things happen? Not many. But why is this so? Not many Nigerians have the patience for visionary Nigerians who don’t have a deep pocket. You may as well “go to hell” with your vision if you don’t have the cash to “spray”. Many of Nigerian visionaries cannot even afford the “brown envelops” that usually go with attracting the attention or patronage of the mainstream Nigerian news media, that should play a key role in examining and giving publicity to such needed visions in order to steer up an appropriate national or regional reaction.

A Nigerian visionary or intellectual who tries to reach out to those he considers the Nigerian elite, whom he assumes would not find it difficult giving him a right hand of fellowship, having possessed the intellectual dexterity to analyze social realities and appropriate remedies, finds out by hard and distasteful experience that although many may express sedentary “support” and “agree with” him, all ends just at that—bland “solidarity”. He finds out to his chagrin that the nation is not ready for change. You don’t try to convince a truly hungry man that he needs to rise up and eat the food you have placed on the dining table. When simple invitation to help himself to the meal starts getting irritating to him, you must be wise enough to trouble him no more, for your assumption of his hunger might be one in error. In Nigeria, a professor of pragmatic visions may as well grow grizzled and die with his vision. Worst still he may attract insolent remarks such as “He is a hungry man seeking attention.”

But why are Nigerians not ready for change? Some claim that it is lack of “education”. Although this is a plausible reason to advance, and maybe I have myself given such in the past, I am not sure anymore. My problem with this excuse is that the “education” has not been defined to me. Is it the formal western education that Nigerians need in order to realize they are hungry? I have interacted with many well-educated Nigerians (so defined in terms of certified western education). I have come away with the perception that many of them don’t even understand Nigeria’s problems and cannot transfer situations by mental inference into future perspectives. Simply put, they lack realization of consequences. Is it a general orientation about our “oneness as a people” that Nigerians need? Do Nigerians need at this time persistent jarring of the eardrums about the fact that “religion and ethnicity must not divide us”? If someone steals my money, I don’t need to enquire about his religion and ethnicity before I take judicial (and maybe extra-judicial) steps to recover my money; if I do, I have by that act defined myself against the limits of nature. I have come to the realization that a man chooses to be deceived; there are always warning signals, some emanating from the natural gift of conscience. Do we need “voter education” in Nigeria? I think not, except we define that “education” in a way that does not mean sermonizing on the virtues of going out to “vote and defend” their votes. I am not sure such education is necessary when Nigerians are sufficiently hungry for good governance. This “democracy” is perceived differently by Nigerians, many of whom think it is an opportunity to make a killing from politicians’ “generosity”. How do you expect them to “defend” their votes? In the first place, how do they “defend” their votes who hardly can defend their children from kidnappers? How can they “defend” their votes who cannot defend themselves from police brutality in their country? How can they defend their votes who are not fully persuaded about the value of those votes?

Our need as a nation is hunger-reality. We, by our actions, have not shown sufficient hunger yet. If we shall seek good governance with all our heart, we shall find it. Presently, we seek it half-heartedly. We have chosen to be deceived. The very people who have shown little or no promise in positions of power, both in our past and immediate present, are those we go to listen to during inane anniversaries; we listen as they “lecture” us about our “promise” and sermonize about our “challenges”. A man uses a public office of the past to amass ill-gotten wealth. Once out of office, he uses the same wealth to launder his image through the unwholesome help of the Nigerian mainstream news media. Because we are perennially taking leave of our memories as a people, it does not take much intelligence to re-invent such individuals. We are deceived. The enemy of the people cannot fight his friends. It is becoming apparent that the doors have been shut against any resistance to the status quo, and it takes a hungry people to break down such resistance; history has taught us so.

Politicians “rent” huge crowds because the people are not hungry. You don’t get a truly hungry people to act against their true selves. Civil rights movements ride on the waves generated by the people. Now, here is the education that Nigerians need—to open their eyes to know the enemy; to tell them how much is the share the majority is permitted against the unjust portion of the minority; to draw the line so clearly before their eyes that they will awake their senses to the apartheid and socially segregating realities in our midst. But here is the truth. This is not the kind of education that those with political powers would like. But this is the kind of education that imams and pastors can help give. This is the kind of education that TV and radio stations in Nigeria can help spread. This is the education labour unions and student unions should give. By my personal experience, they will avoid those that have this kind of message. Those social power zones have collapsed; only the people—sufficiently hungry—can revive the stones out of the heaps.

Fighting corruption in Nigeria has become a sing-song in Nigeria. I see a strong deception even in this mantra. All claims to fighting corruption are a ruse if there is no connection between the so-called fight and improvement in quality of life. From 2003 (when the Economic and Financial Crimes Commission was established by law) to this time that Nigeria has turned 50, you cannot find a one-to-one correlation between fighting corruption and improvement in quality of life of the Nigerian. Rather, we are witnessing more strikes by Nigerian workers over poor conditions of service; we have seen more children out of school and more dying before they attain the age of 5 (not 50). If corruption denies the people of what is rightfully theirs—a good life—then fighting it must restore that good life. Until such avowed efforts accomplish this, they are yet a sham, and undue adulations should be cautioned.

As Nigeria turns 50, I have no wishes for her, I am her wish; I have no advice for her, she has not used up the helpings thereof I have served her already; I have no regrets, I expected little. But I would speak to Nigerians in her centenary. When you read all I have professed over the years fifty years later, let it be that where your forebears lacked hunger you excelled in its demonstration by deeds that made yours a uniquely pleasant story that the whole world shall take note of. I sincerely hope to celebrate with you then as a “young” Nigerian who has seen it all—both the sweet and bitter days. I always write, having you in mind, my dear children.



Leonard Karshima Shilgba is an Associate Professor of Mathematics with the American University of Nigeria and President of the Nigeria Rally Movement