tv Business Deutsche Welle May 1, 2019 8:15pm-8:31pm CEST
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nigeria has huge oil reserves but still costs room for much of its fuel to find out why from the country's ambassador to china. and brazil the mojave storage on board and just among the five good. stories from people who've world over information provide. the means they want to express d.w. on facebook and twitter and up to date and in touch follow us. what's the connection between bread but home and the european union he knows gill
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contests e.w. correspondent and avid baker can stretch this quick and line with the rules set by the team. tots no smoking recipes or success strategy that make a difference. baking bread on d.w. . a blessing or a curse it's crude oil that's created africa's largest economy so why is nigeria still plagued with problems i'll speak to the west african nations ambassador to germany. the story behind why a transport company in ghana is only hiring female drivers. and is trouble off the coast of sierra leone and along. fishing business is suffering.
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business nigeria is full of paradoxes africa's top economy at heart it's people live in poverty it's the continent's largest oil producer and yet it imports ninety percent of its fuel from abroad as it doesn't have the facilities to process crude so when will the nation's fortunes rise like so many of its neighbors. the largest oil refinery in the world is being built here near lego's it will enable nigeria to process its own crude oil in the future so far the country has had to import oil products at high prices despite its own rich deposits. the nigerian state subsidizes gasoline and diesel with almost four billion dollars a year to make fuel affordable the international monetary fund recently criticized the move saying the country should reform its economy and diversify many experts agree this will require large scale investments. ordered against it is therefore.
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to say that this is being made and we need to confront the things that you know really contributes. to the injurious future interest in making sure. that we have seen just didn't do this shit is shit the challenges are growing steadily the country has almost two hundred million inhabitants and is africa's most populous country of them work in agriculture but the sector is underdeveloped the inadequate infrastructure slows down economic development the new refinery could make energy cheaper in the country in the future then more government funds can flow into development of other areas. and i have the pleasure of welcoming nigeria's ambassador to germany use of my talents of god thank you very much for coming in today a lot sounds like it hinges on this refinery which could be the biggest of its kind
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of the world when will it get built and will it get built it's already being built and it's well on its way to be commissioned. by twenty twenty next yeah of course you can never rule out in such huge complex projects you can never tell you rule out delays but you know six hundred fifty thousand barrels a day refinery nigeria currently has it's not like it's not that nigeria doesn't have any refining capacity it has an installed nameplate capacity of four hundred fifty thousand barrels but the wow four refineries what we've not been doing is. is expanding our refining capacity as our population and economy has been growing it's something you're doing now it's something with and something the government is trying to fast track in order to get something of this size ready by next year takes a lot of time and to do it safely of course it takes a lot of
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a lot of measures to ensure that things are go wrong. critics say it won't be up and running until twenty twenty two well they're always nice is and don't forget this is not don't need to find you project that is currently. two two if you pardon the pun in the pipeline at the moment so that is another finery project. probably not the same size with yeah we are you know determined to expand our refining capacity and this time around we're doing it high and in hand with the private sector because before refineries that we have the name plates capacity of one of forty five one of the two thousand barrels per day owned by the nigerian but it is that a problem when it comes to something like corruption well it was in the past but. the current administration the current president that we have
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a moment ago who was elected on a platform to fight corruption and he is known for that he's been head of state in the past and he took on venality back then and he's doing the same thing now and that's why nigerians voted for him overwhelmingly how effective is his battle against corruption a very very effective you know. they have been reforms that have changed the accounting system in nigeria we've got. institutions that have been put in place to fight corruption. strong presidential advisory committee on corruption that keeps on continues to churn out policies that have proven to be very effective for instance we have a whistle blower policy where was the brewers actually get a reward when they report on corrupt franks's so there's so much going on you know
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apart from the new technology advances going on and if you look at our banking system we have bob's one of the most effective online and mobile platform banking systems so payment systems are very effective. very efficient all that said why then doesn't nigeria have a growth rate similar to some of its neighbors ethiopia say or guyana which is full custody by close to nine percent this year nigeria seems to be doing a lot if it really is tackling corruption and changing around its fortunes when it comes to the oil industry why then isn't it hitting those higher growth rates like other workers i think you know comparing us to ghana with all due respect would be unfair because you know the states that in nigeria we have thirty sixty and one
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or two of the states is almost as large as ghana so who are talking about the population of one hundred ninety three million people we have had. challenges in the past but we're well on our way we're transforming honeyed so it's a huge it's a very huge country that requires a lot of reform but we're well on the part of reform and don't forget we're also a democracy we've had a sixth election since one thousand nine hundred ninety two and in a democracy you can't just. ruled by fear that you have to negotiate you have to engage you know when you do so things take time and that's what is happening about it thank you very much for coming in today pleasure talking to pleasure. well tunisia's prime minister use of chaffetz heads international workers day to announce a six and a half percent increase in the minimum wage it's the industrial and agricultural
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sector as well as construction workers pensioners to following the raise the monthly minimum pay will reach the one of one hundred thirty four us dollars tunisia's struggled with an economic slowdown and growing public on restaurant lack of improvement since the uprising of twenty eleven the country has been under pressure from lenders maybe the international monetary fund to revamp its economy. top trade negotiators from the u.s. and china resume talks aimed at ending a months long tariff war between the world's leading economies washington is pressing beijing to roll back industry development plans it says a based in part on solar technology aging signal they have full of unjustified regulations subsidies and practices that impede fair competition and to stall the market u.s. treasury secretary steven the new sions said talks were entering into a decisive phase. the transport industry is
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a big employer in ghana and it's riddled with valuable cargo often goes missing which has led recruiters to think that maybe women could do a better job. commercial trucks are a common sight on ghana's roads female truck drivers however are less so ladybird logistics is looking to change the landscape it only hires women to operated vehicles there are just twenty one of them so far but they're actively recruiting. i think the female drivers are more cautious they're really careful maybe it's a female thing because we are always thinking about the children that we have at home. making sure that you don't want to tech sector with some of the company's clients think women are less inclined to cheat their employers at least that's what zen petroleum says explaining why he trusts women more with deliveries some of do a mowers job is to bring forty seven thousand liters of gas to
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a gold mine so if this were proud to hate me in knots so i'm courage and you see we have company that's all female. not gonna. soon and we can we have a woman who our day to join the county ways to empower we need to change. the journey is seven hours long the road to morgan named women in the logistics sector might be longer though but have a gala summer do america is glad to be part of it. sierra leone has been trying to replenish its waters by banning industrial fishing for a form of expired shoes day the government realizing the bad was pretty much ineffective and hurt local fishermen instead. sierra leone's fishermen were no position to stop foreign trawlers from looting their waters despite
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a month long ban on industrial fishing. and these thought. trawlers don't give us a chance they bankrupted my business i mean they destroyed my properties i'm left with nothing zero that. there are more than one hundred foreign trawlers in the waters off of sierra leone more than half of them are chinese owned and beyond the reach of inspection teams. only local fishermen were arrested during the ban. three of them for using illegal nets and three others for trying to sell fish to export hers. fish accounts for eighty percent of the animal protein intake in the sierra leonean diet the fisheries sector employees five hundred thousand of sierra leone's population of seven point five million people fishing accounts for twelve to fifteen percent of the country's g.d.p. . but experts say the fish caught by locals are becoming few and
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far between and they're much smaller than they used to be. with respect to the completion to get rid of the very sport of size fish and. i mean it's good to. the do in doing fish stocks have for sierra leone's fisherman to seek their catch in rocky areas and that puts their lives in danger. nice doing business with him.
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a conflict zone which jim says matches hong kong to. qatar. this is. coming out in the next fifteen minutes. ruling out how the huge impact was decades to come along pick gold medalists. lost her fight against reducing head to still strong level to compete with women we get reactions from them on who helped bring has success. also coming up german chancellor angela merkel has begun to three d. tool of africa region we speak to a security expert on the growing miller.
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