With the oil price below $60 per barrel and with the significant collapse of Nigeria’s oil market as a result of the US’s zero importation from Nigeria since July 2014, it is clear that the Nigerian economy is facing a serious crisis. This situation has been made even more serious by the fact that the crisis comes at a time when Nigeria’s foreign reserves stand at less than $34billion.
The dust still has not to settled after the stormy start to this year’s parliamentary year. The extraordinary events of 12 February and in the days which followed it, have thrown South Africa into a maelstrom of political crisis, which is at bottom a reflection of the crisis of the capitalist system.
The number of civic protests in South Africa has skyrocketed to new record highs. New figures which were released by the Civic Protest Barometer of the University of the Western Cape on 19 February 2015 show that the number of protests by communities, so-called ‘’service delivery’’ protests, more than doubled between 2007 and 2014. The researchers also show that 2014 was the year with the highest number of these protests on record.
The political, tribal, and religious divisions in Libya, which have been fuelled for many years by imperialism, are dragging the country into a bloody civil war, never seen before. Just as in Iraq, military intervention by the imperialists rather than stabilise the country enormously destabilised it.
Over the last couple of days Kinshasa, the capital of the Democratic Republic of the Congo, has been rocked by a series of protests against the weak, reactionary and corrupt government of Joseph Kabila. Through mass mobilisations, the predominantly student movement has dispelled any notion of the democratic credentials of the Kabila regime and has exposed its true dictatorial nature.
Over the weekend of 13-16 December 2014 the Economic Freedom Fighters held their first national congress. The event was attended by more than 2000 delegates, representing more than 500 000 members. This was an excellent turnout for a party which is just over one year old!
Boko Haram has carried out a number of suicide bomb attacks, such as the one that took place in Maiduguri in northern Nigeria earlier this week, in which 78 people were killed. Over the last four years, suicide bombings have become one of the avowed weapons of the right-wing Boko Haram insurgency campaign in Nigeria, especially in the northern part of the country. Musa Atiku explains the background to all this.
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