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President Tinubu’s economic diplomacy Flourishing – Federal Gov’t
President Tinubu’s economic diplomacy Flourishing – Federal Gov’t
Mr Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, says the economic diplomacy carried out by President Bola Tinubu around the world is generating the desired results.
The Minister said this while briefing State House Correspondents after a meeting with the president in Lagos on Sunday.
Edun said the president had embarked on fruitful economic diplomacy on all the continents: Brazil in South America; China and India in Asia as well as Germany and France in Europe, and elsewhere.
He said, as a follow up on economic diplomacy, he led a delegation to Riyadh, Saudi Arabia, recently, to ensure the success of the developing relationship between him and Mohammed bin Salman, the Crown Prince.
The News Agency of Nigeria (NAN) reports the delegation included Sen. Abubakar Bagudu, the Minister of Budget and National Planning and Mr Wale Tinubu, a member of the Presidential Economic Coordination Council.
Others were: Ms Sanyade Okoli, Special Adviser to the President on Finance and the Economy and Mr Muhammad Abdullahi, Deputy Governor, Central Bank of Nigeria (Economic Policy).
The delegation held talks with Saudi EXIM Bank, the Saudi Development Fund and the Saudi Agricultural and Livestock Investment Company (SALIC) to advance ongoing conversations about their investments in Nigeria.
“Twice in the last year, Mr President has been in Saudi Arabia, had meetings with the Crown Prince and talked about trade, economic cooperation, financial cooperation and collaboration.
“We just followed up on some of those leads across the various opportunities for foreign direct investment, trade partnerships and for even financial investment,” said Edun.
He said the Saudi Agricultural Livestock Investment Company had on December 23 increased its investment in Olam by $1.2 billion.
Edun said the president had taken steps to stabilise the Nigerian macroeconomic environment to encourage such investments in the country.
The minister said the takeaways from the visit included prospective investments, foreign exchange and jobs for Nigerians.
“If you look at the demographics of Saudi Arabia, to the extent that they are investing abroad, they are not going to be exporting their people, they’re not like some of the other big, populous countries of Asia.
“So, clearly, where they invest, that is jobs for Nigerians. That’s the simplest way I would put it.
“The Olam transaction was a long time in the works; it was first discussed at the first Business Council Meeting held last year in Saudi Arabia, and it materialised this year,” said Edun.
Also speaking with State House correspondents, Bagudu said the Saudis saw in Tinubu somebody who was changing his country, just like they had transformed their own country.
He said Salman, the Crown Prince of Saudi Arabia, was faced with a people who believed they were wealthy, and felt entitled.
“He came as a leader and he said, well, you might be rich, you might be entitled, but our economy is not passing the right direction.
“So, he introduced reform measures, which were unusual then in Saudi Arabia; removal of oil subsidies, introduction of VAT legislation, among others.
“I have a receipt here, when I ate food, I noticed that the VAT was 15 per cent. But today, Saudi Arabia is turning into a wonderland, an amazement in investment; money is flowing,” said Bagudu.
According to him, the Saudis appreciate Tinubu, who is facing a greater challenge, but yet took on those reforms.
“You can see clear confirmation that they want to stand by this leader, because he has taken risks that are unusual and they celebrate his courage and capacity.
“For me, that is the number one achievement for our country. The relationship will blossom such that our reserves and our economic ties will improve with the kingdom,” he said.
Bagudu said he was confident that more investments would follow the engagements of the Nigerian delegation to Saudi Arabia.
On the prospects of the economy in 2025, he said the economy had turned the corner.
“I think we have made the tough choices, we have seen the worst we could see and is not unexpected.
“So, what we expect to see in 2025 is a better economy, lower inflation, more employment opportunities, more support for businesses, more infrastructure development.
“We also expect more funding of security and better security, and all those priority areas; human capital development, education, health.
“We’re sure to see more in that direction, and the quality of life will get better,” Bagudu said. (NAN)
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Thirteen-year-old Boy dies after ‘attempting a stunt he saw on Social Media
A Southern California family is mourning the loss of their 13-year-old son, Nnamdi Glenn Ohaeri Jr., who they believe died after participating in a dangerous social media challenge similar to a past trend that claimed multiple young lives.
The teen was found unresponsive in his bedroom in Murrieta on the morning of February 3, just a day after spending time with his family watching the Grammy Awards.
When his parents discovered him, his mother immediately began performing CPR while his father, Nnamdi Ohaeri Sr., sought help from a neighbor and called emergency services.
Despite their efforts, the boy was later pronounced dead. While initial signs suggested the possibility of suicide, his parents were unconvinced and began their own investigation. They soon learned that their son may have been influenced by a hazardous social media challenge circulating among his peers.
The challenge, similar to the infamous “Blackout Challenge,” reportedly dares participants to render themselves unconscious. This trend has been linked to several deaths in recent years, prompting warnings from parents and authorities alike.
However, Ohaeri Jr. had no social media accounts, and his phone was equipped with strict parental controls, leading his parents to believe he learned about the challenge from classmates or friends.
The grieving parents now hope their son’s story will serve as a wake-up call for other families. They urge parents to be vigilant about the content and trends their children may encounter, whether online or through peer interactions.
Ohaeri Sr. reflected on the tragedy, acknowledging that while he had been proactive in discussing topics like drugs with his sons, he hadn’t considered the dangers of social media challenges.
“We don’t talk about not following social media trends or playing social media games,” he said. “And maybe we need to.”
In the aftermath of their son’s death, the family is left grappling with guilt and unanswered questions. “I’m going through the Rolodex of guilt now, wondering if we checked in enough or if I should have been less strict years ago,” Ohaeri Sr. shared.
The family hopes their heartbreaking experience will encourage other parents to have open conversations with their children about the hidden risks of social media and peer pressure.
Authorities have not yet released an official cause of death, and it remains unclear whether the incident is being investigated as a suicide or an accidental result of the social media challenge. The Murrieta Police Department has not provided further details on the case.
News
Several gunmen neutralised as Military personnel hit suspected Bandits in major ambush
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Several people neutralised as Military personnel hit suspected Bandits in major ambush
Nigerian Air Force (NAF) soldiers have killed a number of bandits in Tsafe Local Government Area (LGA), Zamfara State, in a decisive operation that involved targeted airstrikes.
The strike came after a well-planned intelligence operation, according to a report from “Zagazola Makama,” one of the top counter-insurgency publications in the Lake Chad region.
According to sources, the robbers had left Tsafe LGA and were thought to be connected to the notorious bandit boss Ado Aliero.
Their mission was to rustle cattle from nearby communities, a crime they successfully carried out before attempting to escape with the stolen livestock.
However, their retreat was cut short when they encountered resistance from local security forces. As the bandits moved into a mountainous area, security forces, tracking their movements, set up an ambush. Upon confirming the bandits’ location, the Nigerian Air Force was promptly alerted.
With precision, air assets were deployed to engage the fleeing bandits. Eyewitness accounts confirmed that numerous bandits were neutralized, though the precise death toll remained unverified at the time of the report.
Sources further revealed that at least 23 bandits were killed, with several others suffering injuries. Additionally, a significant number of rustled cattle were recovered by the troops, dealing a severe blow to the criminal operation in the region.
This successful strike underscores the growing effectiveness of coordinated intelligence and military operations in the ongoing fight against banditry and insurgency in northern Nigeria.
News
President Tinubu’s Minister takes on Ganduje as fesh crisis rocis APC
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President Tinubu’s Minister takes on Ganduje as fesh crisis rocis APC
The Minister of State for Housing, Yusuf Abdullahi Atta, has cautioned the National Chairman of the All Progressives Congress, APC, Dr Umar Abdullahi Ganduje against any attempts to allow the current Chairman of the APC in Kano to continue in office for a fourth term.
The Minister was quoted to have warned that any attempt to gives the current Chairman of the APC, Abdullahi Abbas another chance, would lead to serious crises in the party.
The Minister issued the threats at a caucus meeting in Fagge Local Government Area of Kano, on Saturday.
The Minister said, “we will not take it lightly with anybody trying to return Abdullahi Abbas to office after the expiration of his tenure, because it violates the constitution of the party”.
“We would not accept the Chairman, Abdullahi Abbas to be imposed on us for the fourth term, this will surely result in us decamping immediately from the party”, he threatened.
“We are saying loud and clear, I swear if Abdullahi Abbas is given another chance all of us will decamp from the party and APC will crash and lose 2027, this is my message to anybody who cares to listen”.
Yusuf Atta alleged that the arrogant and misguided disposition of Abdullahi Abbas as state Chairman is among the many negative tendencies that crippled and made the party to lost power in 2023.
“And up till today, the same person has not changed, therefore we are strongly warning that in any case and anyhow Abdullahi Abbas is given another chance everyone should consider the Party losing 2027.
” We were given good training by our parents and we know who God is, we never dare him but this man doesnt know that, therefore with him as Chairman APC is a foregone party in Kano.”
Atta said in 2023, APC won the governorship contest with Gawuna and Sule Garo as candidate and deputy but that Anti God remarks of Abdullahi Abbas truncated their victory.
There are reports that the National Chairman of the APC, Abdullahi Ganduje is planning on reimposing Abdullahi Abbas to continue as the state chairman of the party for the fourth term.
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