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Again, Yoruba Leaders Adamant on Nigeria’s Restructuring

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  • Again, Yoruba Leaders Adamant on Nigeria’s Restructuring

For justice, peace and tranquility in Nigeria, Yoruba leaders again thursday said there was no alternative to their calls for restructuring of the nation’s component parts.

Rising from a marathon meeting in Ibadan, the Oyo State capital, they renewed their agitation for restructuring of the country as prominent Yoruba leaders met to discuss issues of national importance.

They insisted that Nigeria must be restructured to reflect true federalism and promote regional and national development.

The leaders also charged the federal government to commence the process of implementing the report of the 2014 National Conference as a template for restructuring of the country.

The Yoruba leaders under the aegis of Yoruba Leadership and Peace Initiative warned that no nation has ever witnessed war twice and survived it, stating that Nigeria cannot afford another civil war.

According to them, the time has arrived for Yoruba people to put on the thinking cap and take a stand on the current agitation across the ethnic groups in Nigeria.

The leaders, who emphasised Yoruba unity, noted that there is a national consensus that Nigeria is overdue for restructuring, urging the Federal Executive Council (FEC) and legislative arm of government to begin the process of implementing or review of the confab report before the 2019 general election.

Present at the event were a former Deputy National Chairman of the Peoples Democratic Party (PDP), Chief Bode George; former Governor of Ogun State, Gbenga Daniel; Senator Bode Olajumoke; a legal luminary, Chief Niyi Akintola (SAN); Pro-Chancellor, Lead City University, Professor Gabriel Ogunmola, Mrs. Bola Doherty and Chairman, Afenifere Renewal Group (ARG), Hon. Olawale Oshun.

Others were the National Chairman, National Action Party (NAC), Mr. Olapade Agoro; Proprietor, Lead City University, Ibadan, Professor Jide Owoeye; a retired Archbishop of Methodist Church Nigeria, Archbishop Ayo Ladigbolu; National Coordinator of Oodua Peoples Democratic(OPC), Gani Adams; Chief Tokunbo Ajasin, the scion of former governor of Ondo State, the late Pa Adekunle Ajasin; Secretary General, Yoruba Council of Elders (YCE), Kunle Olajide; Oloye Lekan Alabi , and convener of the retreat, Deji Osibogun.

George in his remarks, warned that the mistakes of the past should not be allowed to be repeated, adding that there must be collective effort to avoid truncating the unity of the Yoruba race.

Speaking on the need for the restructuring of the country, the former Deputy National Chairman (South-west) of the PDP, said: “Restructuring Nigeria doesn’t mean we are going to scrap the national government. You can see the way Americans work. What you produce, you should keep 70 per cent, and then send 30 per cent to the national government. That will encourage development from the grassroots to the centre. It is the military government that made everything unitary. And that is the style in the military. We need to revisit it. There have been a lot of outcry about it. And for me, I was at the conference. I supported it at that time and I support it now. And I will continue to support it.”

While harping on the education and enlightenment of the younger generations, George stated that the thoughts of former Premier of the defunct Western Region, Chief Obafemi Awolowo, should be revisited in administering South-west states, adding that Awolowo’s methodology in education, health, and politics remained the best till date.

He urged South-west governors to pick it up and sincerely manage Yoruba states successfully.

In his submission, former Ogun State Governor, Daniel, threw his weight behind restructuring of Nigeria, and advocated that the report of the 2014 National Conference should be re-considered by the federal government and not confine it to dustbin.

Agoro, while speaking, however, urged the Yoruba race to stand with the Acting President, Prof. Yemi Osinbajo, especially at this period.

Earlier, the convener of the retreat, Chief Deji Osibogun, noted that after several years of debate on how to bring the Nigerian people together to agree on the modalities for restructuring the polity, the administration of former President Olusegun Obasanjo convened the National Political Reform Conference in 2005, but noted that the initiative failed to douse agitation in the country.

“And because of the agitation across the ethnic groups, the former President Goodluck Jonathan convened another national conference in 2014. The 2014 dialogue was acknowledged to have made very far-reaching decisions on the required constitutional reforms to effect the desired restructuring.

“Not only did the conference address major issues of concern such as devolution of power, relative autonomy, resource control and fiscal federalism, among others, participants from all over the country unanimously agreed to the final report of the conference, which was submitted by Justice Kutigi to the federal government.

“Today, there is no doubt that there is a national consensus that Nigeria is overdue for restructuring. Therefore, we urge the federal executive and legislative arm of government to begin the process of implementing, or reviewing for implementation, the report of the 2014 national conference and ensure that it is completed before the 2019 general election.

“The report is a working document already at hand. It contains the considered opinion of the people of Nigeria, represented by participants from various sections of the country on the issues concerned. It cannot be pushed aside or dumped in the ashes of history,” Osibagun said.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Lagos Eyes Investment Surge as Sanwo-Olu Unveils Growth Strategy

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Governor Babajide Sanwo-Olu of Lagos State is spearheading a bold push to attract significant investment inflow to boost the state’s economic growth.

During a Pre-Summit Investor Roundtable at the Africa Social Impact Summit (ASIS 3.0), held at Eko Hotels and Suites, the governor outlined strategic opportunities for investors.

With the theme “Invest Lagos – Investment Opportunities,” the summit was organized by the Sterling One Foundation in collaboration with the Ministry of Commerce, Cooperatives, Trade, and Investment.

Attended by business leaders, chambers of commerce, and industry captains, the event underscored Lagos’ potential as a hub for economic activity.

Sanwo-Olu highlighted Lagos’ positive economic outlook, citing an expanding population and sustainable infrastructure as key growth drivers.

Despite challenging business environments, the state’s economy has shown resilience, welcoming new investments while sustaining existing ones.

The governor emphasized reforms aimed at improving the ease of doing business. He mentioned that digitizing services had reduced bureaucratic hurdles, fostering a stable business climate.

Sanwo-Olu assured potential investors of the state’s commitment to creating a supportive environment that ensures returns and security for investments.

“In the last five years, Lagos’ GDP has grown by 50 percent,” Sanwo-Olu stated. “We aim to sustain this growth and ensure the gains of the past years are not reversed.”

Sanwo-Olu identified sectors ripe for investment, including transportation, tourism, health insurance, and waterways. He expressed the government’s dedication to advancing development plans in these areas.

Commissioner for Commerce, Cooperatives, Trade, and Investment, Mrs. Folashade Ambrose-Medebem, highlighted Lagos’ economic strides, noting that the state’s GDP had increased from N27 trillion to N41 trillion in five years.

She detailed strategic investments, particularly the allocation of N550.7 billion for infrastructure in 2024, and the commitment of N44.33 billion to food security initiatives.

Sterling Bank’s Managing Director, Mr. Abubakar Suleiman, pointed out that economic growth in Africa is often hindered by an unstable investment climate.

The summit aimed to build investor confidence by fostering trust and transparency in business environments.

“Lagos remains a leading destination for investors,” Suleiman noted. “The state provides clarity and access to markets, maintaining consistency in its investment strategies.”

Sanwo-Olu’s administration continues to focus on diversifying Lagos’ economy through strategic investments in various sectors.

The state’s proactive approach has positioned it as a global city and an emerging African financial center.

The governor’s initiative is expected to further solidify Lagos’ reputation as a prime investment destination, paving the way for sustained economic growth and development.

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Vice-President Harris Gathers Momentum as Democratic Nominee

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Vice-President Kamala Harris has secured the support needed to become the Democratic nominee for president.

This was after President Joe Biden announced he would not seek re-election, endorsing Harris as his successor.

According to CBS News, Harris has received endorsements from over 1,976 delegates, surpassing the threshold needed to clinch the nomination in the first round of voting at the Democratic National Convention (DNC) scheduled for August.

Delegations from at least 27 states have expressed full support, showcasing a strong backing across the nation.

In her address to campaign staff in Wilmington, Delaware, Harris expressed gratitude for the widespread support, adding that she committed to uniting the party and the country.

“We have 106 days until Election Day, and in that time, we have some hard work to do,” she stated.

Harris laid out her vision for America, contrasting it with that of her likely opponent, Donald Trump.

Speaking on the direction of the campaign thus far, she said “Our campaign has always been about two different versions of what we see as the future of our country. One focuses on the future, the other focuses on the past.”

She acknowledged the accomplishments of the Biden administration, highlighting her pride in serving as vice-president.

“My time serving as vice-president was one of the greatest honors of my life,” Harris said, underscoring her dedication to continuing the work they started.

In a phone call to his campaign team, Biden praised Harris, urging his supporters to rally behind her. “I’m hoping you’ll give every bit of your heart and soul that you gave to me to Kamala,” he said.

Despite stepping back from the race, Biden vowed to remain actively involved in supporting Harris and emphasized the importance of defeating Trump, calling him “a danger to this nation.”

Harris’s nomination marks a significant milestone, but challenges remain. The campaign will focus on addressing key issues such as healthcare, climate change, and economic inequality.

With millions of dollars pouring into her campaign since Biden’s announcement, Harris aims to capitalize on the momentum and build a coalition that appeals to a broad spectrum of voters.

As the DNC approaches, Harris is expected to formally accept the nomination, solidifying her position as the Democratic leader.

The coming months will be crucial as she works to unite the party and reach out to undecided voters. With her historic nomination, Harris stands poised to make a lasting impact on the future of American politics.

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President Declines Nomination, Endorses Harris for 2024

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In a significant political announcement on his X.com account, President Joe Biden has decided to forgo the opportunity to seek re-election in 2024, instead throwing his full support behind Vice President Kamala Harris.

The surprise move, shared with the public this morning, represents a pivotal moment in the Democratic Party’s journey toward the upcoming presidential election.

In his statement, Biden said that his choice to step aside is driven by a desire to concentrate on his remaining duties as President.

He expressed gratitude for the opportunity to serve alongside Harris, calling her selection as his Vice President in 2020 “the best decision” he has made. “My fellow Democrats,” Biden began, “I have decided not to accept the nomination and to focus all my energies on my duties as President for the remainder of my term.”

The President’s announcement signifies a strategic shift in the 2024 election landscape. By endorsing Kamala Harris, Biden not only aims to consolidate support within the party but also to set the stage for a unified front against former President Donald Trump.

“Today I want to offer my full support and endorsement for Kamala to be the nominee of our party this year,” Biden declared. “Democrats — it’s time to come together and beat Trump. Let’s do this.”

This endorsement comes as a surprise to many, given Biden’s earlier commitment to seeking re-election.

However, it reflects a broader strategic maneuver to ensure party unity and strengthen the Democratic position in the face of a formidable opponent. By focusing on Harris, Biden aims to leverage her growing popularity and political acumen to fortify the party’s chances in the upcoming election.

Kamala Harris, who has served as Vice President since January 2021, will now be thrust into the spotlight as the presumptive Democratic nominee.

Her campaign is expected to build on the legacy of the current administration while addressing key issues facing the nation.

The move also raises the stakes for the Republicans, who will need to prepare for a robust campaign from a seasoned political leader in Harris.

As the 2024 election cycle ramps up, Biden’s endorsement is likely to reshape the dynamics of the race, influencing both Democratic strategies and Republican responses.

The coming months will be critical as Harris and her team work to solidify their platform and rally support from voters across the nation.

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