Boko Haram members killed at least 69 people and razed a village to the ground in northern Nigeria’s Borno state on Tuesday afternoon. Three sources told Reuters that the men attacked the village of Faduma Koloram, in Gubio local government area of Borno state, starting about noon in vehicles and on motorcycles, shooting with AK-47s. The insurgents razed the village after stealing 1,200 cattle and camels. The same account was confirmed by a Civilian Joint Task Force (CJTF) member and a soldier each confirmed the same account. They said the men attacked because they suspected residents of sharing information on Boko Haram’s movements with security authorities. No military spokesman could be reached to confirm the attack.
Content streaming service providers, Netflix and Amazon, and pay television channels, iROKOtv and Africa Magic are considering halting further investments in the Nigerian content industry. The 6th Broadcast Code recently released by the National Broadcasting Commission is the reason the platforms have been forced to consider discontinuation of investments in the country. The platforms, which have invested enormously in local content production that are exclusive to them, are convinced that the new broadcast code is a huge threat to their investments, as it seeks to end exclusivity to broadcast properties and compel re-sale or sub-licensing to other broadcasters, including direct competitors. The new code makes exclusivity illegal, compels content sub-licensing and aims to regulate the prices at which content is sub-licensed. The breakdown according to an industry source, the broadcast platforms view Sections 9.0.1 to 9.0.3 of the broadcast code represent a direct assault on investors, as it erodes the possibility of reaping dividends on their investments. An Enugu-based industry source also reasoned that Sections 184.108.40.206 to 220.127.116.11 of the Code are most injurious to investors in the industry. The implication of this, explained the source, is that investors, who fund the development of hit movies, series and shows, will be forced to sub-license that programme irrespective of whether or not they have recouped their investments.
The Nigerian government recorded a revenue shortfall of about ₦1.01 trillion in the first quarter of 2020. The drop in revenue, according to documents from the Budget Office of the Federation, was primarily due to the dwindling revenue inflow into the federation account. This was part of the negative impact of the coronavirus pandemic, which has also led to an unprecedented drop in global crude oil prices. The outbreak of the pandemic in the country had resulted in the lockdown of many states, a development that has paralysed economic activities. For instance, out of the prorated revenue target of ₦1.96 trillion set for the first three months of this year, the FG could only earn about ₦950.55 billion. The analysis showed that the revenue projection, the ₦1.01 trillion shortfall represents a decline of about 52 percent. For oil revenue, the impact of the pandemic resulted in a shortfall of ₦195.37 billion or 30 percent from the prorated revenue target of ₦659.4 billion. The actual revenue generated during the three-month period from oil was put at ₦464.03 billion. Revenue sources such as Nigeria Liquefied Natural Gas was also impacted by the pandemic. Revenue target from NLNG was ₦31.07 billion, while signature bonus/renewals was ₦234.83 billion, domestic recoveries, ₦59.25 billion, grants and donor funding ₦9.1 billion mining and mineral revenue was targeted at ₦470 million. A shortfall was also experienced in the area of Companies Income Tax where revenue dipped by ₦80.1 billion from the target of ₦209.83 billion to ₦129.72 billion while Value Added Tax dropped by ₦30.92 billion from ₦73.14 billion to ₦42.23 billion.
Some 300,000 pigs have been killed by an outbreak of African swine fever in Nigeria’s largest pig farm co-operative in the south-west of the country. A farmer, Ayo Omirin, told the BBC that the most affected farm provides a source of livelihood to some 3,000 farmers. According to the president of the cooperative, Adewale Oluwalana, it has been 12 years since the last case of African swine fever hit Oke Aro farm. Although the virus disease is harmless to humans, it can kill pigs within a few days, according to the World Organisation for Animal Health. The virus can be passed on by direct contact with infected pigs and wild boars, through infected animal feed and on clothing and farm equipment. At least six million pigs were culled after the virus hit Asian countries last year. The outbreak has hit Oke Aro farm, a co-operative settlement managed by the Lagos State government, affecting 99 percent of the pig pens, said Omirin. The farm, despite being a key supplier of pig products, struggles to meet the demands of more than 50 million consumers in the region.