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Nigerian Youths Are Not Lazy But Intellectually Suppressed

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  • Nigerian Youths Are Not Lazy But Intellectually Suppressed

Youths across the Nigerian states have taken to the social media to refute President Muhammadu Buhari’s statement. While the president might not be right, the president is not entirely wrong either.

Nigeria has the largest youth population in Africa and one of the largest in the world but the youths have failed the nation and continued to do so without realization, and without realization, there is no actualization.

“We have a very young population. More than 60% of the population is below the age of 30. A lot of them haven’t been to school and they are claiming that Nigeria has been an oil-producing country, therefore they should sit and do nothing and get housing, healthcare, education free,” said president Muhammadu Buhari during Commonwealth event in London.

In America, Europe, Asia, etc youths are the backbone of the economy, governance and most importantly dictate the path to the future. Elon Musk, Mark Zuckerberg, Peter Thiel, Jeff Bezos, Emmanuel Macron, Sebastian Kurz, Larry Page, Jack Ma, etc disrupted their industries by charting a new course for national and global growth. But in Nigeria, youths have been successfully undermined and relegated to the bottom by the old, one percent, who strategically picked few youths and empowered them to fight tooth and nail to defend their positions.

It is illogical to blame economic rout on the old, one percent, when the youths have always been part of leadership. The youths were part of the Independent National Electoral Commission (INEC) accused of rigging elections, Nigerian National Petroleum Corporation fingered in over twenty billion dollars fraud, over seventeen billion naira was allegedly siphoned by Abdulrasheed Maina through Pension Reform Task Team (PRTT), even Reno Omokri was Special Assistant to President Goodluck Jonathan, while Fani Kayode was the Special Assistant to President Olusegun Obasanjo, later appointed the Minister of Culture and Tourism, before becoming the Minister of Aviation in 2007. Femi Adesina is the present special adviser on media and publicity to President Muhammadu Buhari.

The question is why are they not speaking when it matters? Simple, you don’t talk while eating.

It is a shame that the best response Nigerian youths have for the president were pictures of university graduates selling charcoal, painting, riding Keke Napep and Uber, that is working hard. The youths need to start working smart. Travis Kalanick was 32 when he co-founded Uber with a 30-year-old Garrett Camp. If there is anything the pictures depicted, it is the fact that Nigerian youths have now accepted their position, and proudly so!

In Rwanda, the youths took charge by voting 43 years old Paul Kagame in 2000 after one of the goriest genocides in the history. But eighteen years later, Rwanda emerged as one of the fastest growing economies in Africa with the economy growing at eight percent rate between 2001 and 2014 and predicted to grow at six percent in 2018 by the International Monetary Fund despite global economic uncertainty that plunged Nigeria into her first economic recession in twenty-five years. The nation has since reduced the percentage of people living below poverty line and substantially cut down its gender inequality with about 63.8 percent women in parliament.

Liberian youths have started their own change by voting in George Weah, when will Nigerian youths realize they are the change and not APC or PDP?

There is no era better equipped than the current Nigerian generation, with internet penetration higher than the global average, Nigerian youths are more informed than ever. Still, they are the most oppressed by any administration, the current administration allocated seven percent (N605.8 billion) of 2018 budget to education, about N435.1 billion of that amount is meant for recurrent expenditure while N61.73 billion was appropriated for capital expenditure. Meaning, mere N108.97 billion ($356.2 million) of 8.6 trillion was allocated to the sector in 2018 in a nation of almost 198 million people. While nations like Rwanda allocated 17 percent, and in South Africa, Finance Minister Malusi Gigaba declared education of South Africa’s youth as one of the top three national priorities in 2018, a total of 792 billion rands ($66 billion) in aggregate will be spent on basic education over the medium term. A nation of approximately 56 million people, yet no youth is screaming injustice in Nigeria. Maybe that is even why our graduates are proud riders!

Youth unemployment and underemployment rose from 47 percent to 52.65 percent in 2017, in a nation where youth constitute the largest workforce. 52.65 percent of them are either, jobless, unhappy, Boko Haram members, Kidnappers, Baddo members or even militants. Still, no youth is speaking up as celebrities and the few others they were gainfully employed are too scared to lose their jobs or endorsements. Forgetting that lack of economic productivity is the reason they are not selling out stadiums or getting pay rise like the rest of the world.

Low wages, high unemployment rate, and uneven wealth distribution will always result in low consumer spending, it doesn’t matter how hardworking you are or the number of pictures that prove so, consumer buying power is low. Konga, Jumia, etc are perfect examples.

Despite the obvious, the youths will once again vote in their usual manner, where tribe, party affiliation, and medium to long-term gain govern decision making. A situation where the future of tomorrow can no longer aspire because dreams are now expensive and only available to the kids of the oppressor, yet the children of the oppressed are the tools used in keeping oppressor’s dream alive. Next election, the children of the oppressed will once again be equipped to rig and protect the dream of the oppressor.

Until youths from the North to South, the East to West realized they are victims of a system built to intellectually suppressed and incapacitate them through tribal bigotry they will be seen as lazy and unfit to play a key role in modern world. Let’s upset them, get your PVC!

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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Netanyahu Stands Firm as US Halts Bomb Shipment Over Rafah Invasion Warning

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Amidst escalating tensions between Israel and the United States, Israeli Prime Minister Benjamin Netanyahu has adopted a defiant stance following the US decision to halt a shipment of bombs and warned against Israel’s potential invasion of the southern Gaza city of Rafah.

In a bold statement, Netanyahu declared, “If we have to stand alone, we will stand alone,” emphasizing Israel’s resolve to pursue its objectives despite opposition.

The Prime Minister’s comments, delivered via social media and a subsequent interview with American talk show host Dr. Phil, underscore Israel’s determination to address security threats posed by the Gaza Strip, particularly by Hamas militants operating in Rafah.

Netanyahu reiterated the necessity of military action in Rafah to eliminate the remaining Hamas battalions, condemned Hamas’s history of violence and reiterated Israel’s commitment to achieving victory and ensuring the safety of its citizens.

The US administration, led by President Joe Biden, expressed concerns over the potential humanitarian impact of an Israeli invasion of Rafah, prompting the decision to withhold additional offensive weapons shipments to Israel.

Biden’s statement echoed broader international apprehensions about the escalation of violence and civilian casualties in the conflict-stricken region.

However, Netanyahu remained resolute in Israel’s approach, asserting the country’s right to defend itself against security threats. He emphasized Israel’s efforts to minimize civilian casualties and facilitate the evacuation of civilians from Rafah before any military action.

Despite the US’s decision to pause the bomb shipment, Netanyahu affirmed Israel’s commitment to its longstanding alliance with the US. He acknowledged past disagreements between the two nations but expressed optimism about resolving current tensions through dialogue and cooperation.

In response, White House officials reiterated the US’s support for Israel’s security while urging restraint and emphasizing the need to avoid actions that could exacerbate the humanitarian crisis in Gaza.

The administration clarified that the decision to halt the bomb shipment was aimed at preventing potential civilian casualties in Rafah.

The confrontation between Israel and the US underscores the complexity of navigating regional conflicts and balancing strategic interests. As tensions persist, both nations face the challenge of reconciling their respective security imperatives with broader humanitarian concerns, seeking to avert further escalation while addressing the root causes of the conflict in the Middle East.

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EFCC Declares Former Kogi Governor, Yahaya Bello, Wanted Over N80.2 Billion Money Laundering Allegations

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Yahaya Bello

The Economic and Financial Crimes Commission (EFCC) has escalated its pursuit of justice by declaring former Kogi State Governor, Yahaya Bello, wanted over alleged money laundering amounting to N80.2 billion.

In a first-of-its-kind action, the EFCC announced Bello’s wanted status in connection with the alleged embezzlement of funds during his tenure as governor.

The commission, armed with a 19-count criminal charge, accused Bello and his cohorts of conspiring to launder the hefty sum, which was purportedly diverted from state coffers for personal gain.

The declaration of Bello as a wanted fugitive came after a series of failed attempts by the EFCC to effect his arrest.

Despite an ex-parte order from Justice Emeka Nwite of the Federal High Court, Abuja, mandating the EFCC to apprehend and produce Bello in court for arraignment, the former governor managed to evade capture with the reported assistance of his successor, Governor Usman Ododo.

This latest development shows the challenges faced by law enforcement agencies in holding powerful individuals accountable for their actions.

However, it also demonstrates the unwavering commitment of the EFCC to uphold the rule of law and ensure that justice is served, irrespective of the status or influence of the accused.

In response to the EFCC’s declaration, the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, issued a stern warning to Bello, stating that fleeing from the law would not resolve the allegations against him.

Fagbemi urged Bello to honor the EFCC’s invitation and cooperate with the investigation process, saying it is important to uphold the rule of law and respect the authority of law enforcement agencies.

The EFCC’s pursuit of Bello underscores the agency’s mandate to combat corruption and financial crimes, sending a strong message that individuals implicated in corrupt practices will be held accountable for their actions.

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Concerns Mount Over Security as National Identity Card Issuance Shifts to Banks

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NIMC enrolment

Amidst the National Identity Management Commission’s (NIMC) recent announcement that the issuance of the proposed new national identity card will be facilitated through applicants’ respective banks, concerns are escalating regarding the security implications of involving financial institutions in the distribution process.

The federal government, in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS), introduced a new identity card with payment functionality, aimed at streamlining access to social and financial services.

However, the decision to utilize banks as distribution channels has sparked apprehension among industry stakeholders.

Mr. Kayode Adegoke, Head of Corporate Communications at NIMC, clarified that applicants would request the card by providing their National Identification Number (NIN) through various channels, including online portals, NIMC offices, or their respective banks.

Adegoke emphasized that the new National ID Card would serve as a single, multipurpose card, encompassing payment functionality, government services, and travel documentation.

Despite NIMC’s assurances, concerns have been raised regarding the necessity and security implications of introducing a new identity card system when an operational one already exists.

Chief Deolu Ogunbanjo, President of the National Association of Telecoms Subscribers, questioned the rationale behind the new General Multipurpose Card (GMPC), citing NIMC’s existing mandate to issue such cards under Act No. 23 of 2007.

Ogunbanjo highlighted the successful implementation of MobileID by NIMC, which has provided identity verification for over 15 million individuals.

He expressed apprehension about integrating the new ID card with existing MobileID systems and raised concerns about data privacy and unauthorized duplication of ID cards.

Moreover, stakeholders are seeking clarification on the responsibilities for card blocking, replacement, and delivery in case of loss or theft, given the involvement of multiple parties, including banks, in the issuance process.

The shift towards utilizing banks for identity card issuance raises fundamental questions about data security, privacy, and the integrity of the identification process.

With financial institutions playing a pivotal role in distributing sensitive government documents, there are valid concerns about potential vulnerabilities and risks associated with this approach.

As the debate surrounding the security implications of the new national identity card continues to intensify, stakeholders are calling for greater transparency, accountability, and collaboration between government agencies and financial institutions to address these concerns effectively.

The paramount importance of safeguarding citizens’ personal information and ensuring the integrity of the identity verification process cannot be overstated, especially in an era of increasing digital interconnectedness and heightened cybersecurity threats.

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