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Ekweremadu Proposes Single Term of Five Years for Presidents

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  • Ekweremadu Proposes Single Term of Five Years for Presidents

The Deputy Senate President, Dr Ike Ekweremadu, has advocated a single-term presidency of five or six years for Nigeria and other African countries to deepen democracy and good governance.

Ekweremadu spoke while delivering a lecture entitled: ‘Constitutionalism and the Challenges of Leadership in Africa: an Evaluation of Tested Models’ on Tuesday.

The event was organised by the Centre for Media and Peace Initiatives, a New York-based international NGO to mark its 10th anniversary.

He said, “A more modest proposal seeks not the abandonment of the presidential system per se but the re-designing of term limits for political chief executives.

“This is in order to reduce the acrimonious conflict, divisiveness and instability arising from partisan or factional competition for executive offices in the federation.

“I support the proposals to transform the current tenure of two four-year terms into a single term of five or six years.

“Among other advertised benefits, single terms would avoid the distractions, manipulations and divisiveness of re-election campaigns while facilitating a more rapid circulation or rotation of power among the various groups.”

According to him, a single term of four years is also less costly as it will reduce the cost of conducting general elections every four years.

Ekweremadu urged Nigeria and other African countries to learn from the failures and successes of older democracies, particularly, the Latin American democracies.

He noted that many of the Latin Americans transited from autocratic regimes to democracies, discovering that the politics of succession, including incumbents’ penchant for self-perpetuation, was overheating the system.

As a solution, they adopted the single term presidency until such a time their respective democracies matured and stabilised, he said.

“It is for this reason that the Senate Committee on the Review of the 1999 Constitution, which I chair, felt, in 2014, that a single term would serve the ends of our current democracy.

“Unfortunately, the recommendation failed because ethnic suspicions and parochial interests prevented reasonable and good faith evaluation of our worthy proposal,” he said.

Ekweremadu also suggested a rotational presidency among the ethnic groups or geographical zones, saying it might prove reassuring to ethnic groups and promote loyalty to the nation.

According to him, the rotational presidency will reassure every constituent part that power will come their way at a given interval.

“Therefore, it may well be time to re-visit the idea of rotational presidency that was first muted in Nigeria by late military Head of State Sani Abacha.”

He suggested a modification of the present presidential system to curtail presidential excesses, and importantly, create greater overlap and affinity between the executive and the legislative arms of government.

“To this end, a hybrid of both the presidential and parliamentary systems will go a long way in keeping the presidency in check, while also reaping the benefits inherent in presidential system.”

He advocated such modification as the introduction of `Question Time’ in the parliament to hold the ministers consistently accountable and the replacement of impeachment with a procedure for vote of no-confidence, among others.

He called for measures to check imperial presidency in Africa and the excesses of many leaders who are allegedly tyrannical and abusive as the military and civilian despots they criticised and replaced.

Earlier, Dr Uchenna Ekwo, the President of the centre, said it had fostered more critical journalism devoted to peace building and holding practitioners accountable.

“We are building a media system that supports peace, dialogue, non-violence and democracy,” Ekwo said.

The representative of the Permanent Observer of AU to the UN, Amb. Omer Mohamed, said Africa should be allowed to adopt a version of democracy peculiar to the continent.

Mohamed, who is also the Permanent Representative of Sudan to the UN, said Africa had had its peculiar challenge and particularly expressed regret over the sectarian crises in many parts of the continent.

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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