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Tinubu Releases Lagos Governorship Primary Statement After Ambode’s Brickbats

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Tinubu Releases Lagos Governorship Primary Statement After Ambode’s Brickbats

1. Tomorrow, our party and the people of Lagos will have an encounter with destiny. We shall hold our governorship primary.

2. With the holding of direct primaries to elect governorship candidates in Lagos and other states, the APC takes a groundbreaking step toward greater internal democracy and progressive governance for the benefit of all people.

3. While our party is young, it has grown fast and has travelled far in a short time. This speaks well of the character of you, the party’s rank-and-file members. What, in other nations, has taken political parties generations to achieve, we have done in a few brief years.

4. No other party in Nigeria dare attempt what we have already dedicated ourselves to do. I thank and commend all APC members and all Lagosians who have lent their support to this historic and humane mission upon which our party has embarked.

5. We are democrats in the truest sense of the word. As such, we forever search for what is good and right for the people. With this ideal as our guide, tomorrow’s primary cannot be shaded by selfish ambition or the perceived personal grievance between this or that person.

6. Something much greater waits in the balance. What is at stake is nothing less than the future of the people of this state and how we can best maximise our collective destiny. By resort to direct primaries, the party places the people’s future soundly in their hands.

7. As democracy would have it, you shall be the authors of the party’s nomination and hopefully our next state government. I trust in the wisdom of the people and will abide it. However, as a leader of the party and as a former governor of our beloved and excellent Lagos,

8. I would be remiss if I did not make a few observations regarding the primary. My goal is and shall always be a better Lagos. To this objective, I have dedicated the greater part of my public life.

9. Roughly 20 years ago, a corps of dedicated and patriotic Lagosians, put aside personal interests and rivalries, to put their minds and best ideas together for the good of the state.

10. Out of this collaborative effort, was born a master plan for economic development that would improve the daily lives of our people. Bestowed on me was the honour of a lifetime when I was elected to be your governor in 1999. My administration faithfully implemented that plan.

11. The government of my immediate successor, Tunde Fashola, also honoured this enlightened plan. Where state government remained true to that blueprint, positive things happened.

12. During my tenure and Governor Fashola’s, Lagos state recorded improvements in all aspects of our collective existence, from public health to public sanitation, from education to social services, from the administration of justice to the cleaning of storm and sewage drains.

13. Businesses, large and small, invested, hired millions of workers and thrived. All Lagosians were to fully participate and justly benefit from the social dividends and improvements wrought by this plan.

14. From the common labourer, to business leaders, to professionals and our industrious civil service. We all were to be partners in a monumental but joint enterprise.

15. None was to be alienated. None was to be left out. And none were to be pushed aside. This is especially true for those who contributed so much to our development, whether as a business leader who has invested heavily in Lagos…

16. the homeowner who struggles to pay his fair share of taxes or as someone employed in the hard work of keeping our streets and byways clean so that others may go about their daily tasks unimpeded.

17. I make no pretence that the master plan is perfect. It can always be fine-tuned. However, whenever a government departed from this plan without compelling reason, the state and its people have borne the painful consequence of the improper departure.

18. I am encouraged by the emergence of a candidate in this primary who has served the state in senior positions in my administration, the Fashola administration and even in the current one.

19. While possessing a wealth of experience and exposure, he is a young man endowed with superlative vision and commitment. Most importantly, he understands the importance of the blueprint for development…

20. …He esteems it as a reliable and well-conceived vehicle for the future development of the state. He also knows the value of reaching out and working with others in order to maximize development and provide people the best leadership possible.

21. We walk into this primary strong and confidently believing in the right course we are to take. We shall emerge from this primary even stronger and more confident that we have taken that course by returning Lagos and our party to their finest path.

Asiwaju Tinubu

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

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UAE Commits $30 Billion as COP28 Climate Talks Kick Off in Dubai

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UAE President Sheikh Mohammed bin Zayed inaugurated the COP28 United Nations climate talks in Dubai on Thursday with a groundbreaking commitment of $30 billion to bolster climate solutions.

Notable world leaders, including Saudi Crown Prince Mohammed Bin Salman, German Chancellor Olaf Scholz, and Brazil President Luiz Inacio Lula da Silva, are scheduled to address the summit.

The unprecedented scale of this year’s COP is evident with tens of thousands of delegates in attendance, making it one of the largest gatherings in COP history.

Beyond politicians and diplomats, the summit attracts campaigners, financiers, and business leaders, providing a diverse platform to address pressing climate challenges.

The urgency of the discussions is underscored by the UN’s declaration of 2023 as the hottest year on record, coupled with the ongoing rise in greenhouse gas emissions.

One early success at COP28 is the agreement among nations on details for managing a fund designed to aid vulnerable countries in coping with extreme weather events intensified by global warming.

Also, rich countries have pledged at least $260 million to initiate this facility.

UAE’s COP28 President, Sultan Al Jaber, announced the launch of ALTERRA, the largest private finance vehicle for climate change, in collaboration with BlackRock, Brookfield, and TPG.

ALTERRA aims to mobilize $250 billion by the end of the decade, with $6.5 billion allocated to climate funds for investments, particularly in the global south.

As the summit unfolds, other pivotal topics include agreements to expand renewables, commitments to phase out fossil fuels, rules for a forthcoming UN carbon market, and the first formal evaluation of global progress in combating climate change since the signing of the Paris Agreement in 2015.

The UAE’s decisive move in financing climate solutions sets a significant tone for COP28, emphasizing the imperative for collective action to address the escalating climate crisis.

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Nigeria Eyes BRICS Membership within Two Years as Foreign Minister Emphasizes Strategic Alignment

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In a strategic move towards global economic collaboration, Nigeria is aspiring to join the BRICS group of nations within the next two years.

The Minister of Foreign Affairs, Yusuf Tuggar, affirmed that Nigeria is open to aligning itself with groups that demonstrate good intentions, well-meaning goals, and clearly defined objectives.

Tuggar stated, “Nigeria has come of age to decide for itself who her partners should be and where they should be; being multiple aligned is in our best interest.”

He emphasized the need for Nigeria to be part of influential groups like BRICS and the G-20, citing criteria such as population and economy size that position Nigeria as a natural candidate.

BRICS, comprising Brazil, Russia, India, China, and South Africa, stands as a formidable bloc of emerging market powers.

In a recent move to expand its influence, BRICS invited six additional nations, including Saudi Arabia, Iran, Egypt, Argentina, Ethiopia, and the United Arab Emirates, to join the group.

Nigeria, as Africa’s largest economy, has been absent from the BRICS alliance, prompting discussions on the potential economic and political advantages the bloc could offer the country.

Analysts have noted that BRICS membership could provide Nigeria with significant leverage on the global stage.

Vice President Kashim Shettima clarified that Nigeria did not apply for BRICS membership after the bloc’s announcement of new members in August.

Shettima emphasized the principled approach of President Bola Ahmed Tinubu, highlighting a commitment to consensus building in decisions related to international partnerships.

As Nigeria eyes BRICS membership, the move is seen as a strategic step towards enhancing its global economic and diplomatic influence.

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Nigeria Spends N231.27 Billion on Arms Procurement in Four Years Amidst Rising Security Challenges

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The Federal Government of Nigeria has disbursed a total of N231.27 billion for arms and ammunition procurement over the past four years.

Despite this significant investment, security agencies argue that the allocated funds are insufficient to effectively tackle the myriad security challenges afflicting the nation.

Chief of Defence Staff, General Christopher Musa, defended the substantial budget for arms purchases during a session with the House of Representatives.

He emphasized that Nigeria’s dependence on foreign countries for military hardware, which are priced in dollars, diminishes the impact of the substantial budget when converted to the local currency.

General Musa explained, “We don’t produce what we need in Nigeria, and if you do not produce what you need, that means you are at the beck and call of the people that produce these items. All the items we procured were bought with hard currency, none in naira.”

He further illustrated the challenges faced, citing that a precision missile for drones costs $5,000, underscoring the magnitude of the expenses associated with arms procurement.

An analysis of the annual budgets for the Ministry of Defence and eight other armed forces from 2020 to 2022 reveals allocations of N11.72 billion, N10.78 billion, and N9.64 billion, respectively.

In 2023, N47.02 billion was disbursed for arms procurement, supplemented by a recently passed budget of N184.25 billion, resulting in a total of N231.27 billion.

Security expert Chidi Omeje raised concerns about the Defence Industries Corporation of Nigeria (DICON), which is tasked with manufacturing arms locally. Omeje criticized DICON’s underperformance, urging the government to revamp the agency to reduce reliance on foreign nations for arms and ammunition.

Omeje stressed, “The new government must make sure that DICON lives up to its responsibilities,” highlighting the urgency of fostering self-sufficiency in arms production to address the country’s security challenges effectively.

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