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In Search Of More Foreign Investors: Buhari Heads To Saudi Arabia

President Muhammadu Buhari, in search for more foreign investors in the Nigerian economy, leaves for Riyadh, the Kingdom of Saudi Arabia, tomorrow, October 28 attend the third edition of the Future Investment Initiative (FII) organised by Saudi’s Public Investment Fund (PIF).
Under the theme, “What’s Next for Global Business?”
The event, which holds from October 29-31, will focus on three key pillars:  Sustainable Future, Technology for Good and Advanced Society.
The three-day event, according to a statement by the presidential spokesman, Garba Sushi, will be held under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz of Saudi Arabia and chaired by Crown Prince Mohammed bin Salman bin Abdulaziz, deputy premier, chairman of the Council of Economic and Development Affairs and PIF.
The statement said that President Buhari will use the occasion to speak about the economic opportunities that abound in Nigeria, the effectiveness of his administration’s policies to improve the business environment, and invite investors to the country.
The statement recalled that the total value of capital inflow into Nigeria had increased from US$12 billion in the first half-year of 2018 to US$14 billion for the same period in 2019.
It said that the Nigerian delegation will leverage on the resources in Saudi’s PIF, which aims at becoming one of the largest and most impactful sovereign wealth funds in the world, to seek foreign investments in critical projects in the country’s oil and gas sector, particularly the Ajaokuta-Kaduna-Kano (AKK) gas Pipeline – the 614 km-long natural gas pipeline currently being developed by the Nigerian National Petroleum Corporation.
Nigerian officials will see also take advantage of the summit to accelerate discussions on the planned interest of the Saudi oil company, Aramco, to revamp Nigeria’s refineries and new investments in the oil and gas sector.
According to the organisers, the high-profile conference has proven to be a substantial international platform for expert-led debate among investors, innovators and governments as well as economic leaders, with the power to shape the future of global investment, since it was launched in 2017.
The conference is focused on utilizing investment to drive growth opportunities, enable innovation and disruptive technologies, and address global challenges.
More than 4,000 delegates from over 90 countries are expected to participate in the FII 2019, which will also host 12 workshops on different topics including cities, energy, climate, health, data, mobility, food, travel, sports, shopping and youth.
The President will be accompanied by Governor Babagana Zulum of Borno State, Governor Abubakar Bagudu of Kebbi State and Governor Aminu Bello Masari of Katsina State.
Also on the entourage are, Minister of State, Foreign Affairs, Zubairu Dada, Minister of Industry, Trade and Investment, Niyi Adebayo, Minister of State, Petroleum Resources, Timipre Sylva, Minister of Communications, Ibrahim Pantami, the National Security Adviser, Major General Babagana Monguno (rtd), Director-General, National Intelligence Agency, Ambassador Ahmed Rufa’i Abubakar, and the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kolo Kyari.
The statement said that after the investors’ conference in Riyadh, President Buhari will proceed to Makkah, accompanied by close personal aides, to perform the Umrah (lesser pilgrimage) before returning to Abuja.

Buhari To Golden Eaglets: I’m Proud Of You, Go For Gold

President Muhammadu Buhari has expressed happiness to the Golden Eaglets of Nigeria for making him and Nigerians proud over what he called the fantastic match they played last night (October 26) in the group opening match of FIFA World Cup Brazil 2019.
Nigeria Under-17 football team opened Brazil 2019 with a 4-2 win over Hungary, signaling their readiness to win the FIFA Championship for an unprecedented sixth time.
In a message to the team after the match, the  President commended the players for the determination to excel which they displayed throughout the match despite the brilliant performance of their opponents.
“It was a wonderful display that I am very proud of. You showed that there is nothing that cannot be achieved with determination and perseverance.
“I have followed your journey leading to your arrival in Brazil for the competition. I have equally noted your determination and confidence throughout your preparations.
“I have no doubt in my mind that you are determined to win the competition for an unparalleled sixth time.”
President Buhari assured them of his continuing personal support and that of Nigerians for the entire period of the tournament.
He advised the team to continue demonstrating the resilient spirit of the Nigerian, and bring the cup home, adding that he will personally be monitoring their progress in the tournament.
President Buhari also congratulated the handlers of the team, urging them to be sensitive to the needs of the youngsters in their burning desire to bring victory and honour to their fatherland.

Ray Ekpu Describes Nigeria’s Bloggers As Rumour Merchants, Cyberbullies

Ray Ekpu

Former editor-in-chief of the defunct Newswatch magazine, Ray Ekpu, has described bloggers in Nigeria as rumour merchants, cyberbullies that have constituted themselves into what he called “a problem for truth.”
“We have the bloggers who seem to constitute a problem for truth. They speculate, exaggerate, distort, mislead, quote dishonest, misleading, unverified sources or no sources at all.”
Ray Ekpu who spoke in Uyo, Akwa Ibom state, during a programme for journalists called “Retool Houses” and organised by the Next Edition Centre for Investigative Journalism and Gender Advocacy, in partnership with Policy Alert, and the Nigeria Union of Journalists (NUJ), Akwa Ibom State Council, said the bloggers “are the smear campaigners, the lynch mobs, the rumour merchants, the cyberbullies, the anonymous tipsters, the trial judges by commentary, the purveyors of propaganda, the type that America’s Vice President Spirrow Agnew described as the ‘nattering nabobs of negativism”.
He made it clear that bloggers are not Journalists, explaining that journalism has a code of ethics to regulate the conduct of practitioners, as well as regulatory authorities such as the Nigerian Broadcasting Corporation and the Nigerian Press Council.
“So anyone of us who comes into Journalism must accept that he or she must practice the profession according to its professional canons and ethics.pla
“It does not matter whether we are print media, electronic media or online media Journalists. The rules of practice are the same and the obligations of truth-telling and the fair discharge of our responsibilities are the same.
“That means that in our reportage and commentary we must exhibit qualities that can lead to the truth and the fairness that can build a sane, stable, peaceful, inclusive, united and egalitarian society. Any report or commentary that is the opposite of that is in my opinion reckless.”
Ekpu said every story, in journalism, must meet the basic requirements of accuracy, completeness, and fairness, and that there must be correction once it is discovered a mistake has been made.
“It matters because if you do not correct the mistake it will lead to people being misinformed. Misinformation can lead to poor decisions, sometimes decisions that are detrimental to the peace and stability of our communities,” he said.
“Many respectable media organisations in the world go to great lengths to establish the accuracy of their stories. They have structures that enable stories that are slated for publication or broadcast to go through the eagle eyes of several experienced journalists before they get to the consuming public as news.
“In Newswatch we had what we called The Three Source Rule. If a major story did not come from a document that we had ascertained to be genuine we had to get a confirmation from three sources to convince ourselves of its factuality.
“An American magazine the New Yorker has seven checkers whose responsibility is to confirm the accuracy of the information it wants to publish. The Reader’s Digest has 20 checkers who do the same thing.
“Some years ago I was surprised to get a call from Readers’ Digest. The magazine wanted to confirm a quote they took from one of my articles which they wanted to use under their quotable quotes column.
“They went into that much trouble to get their quote right. If only they knew the kind of excitement I got from being quoted by Readers’ Digest, they would not have bothered that much. But of course they did so because they are consummate professionals. This happened many years ago when there were no mobile phones and communication with people in Nigeria was close to impossible.
“Now we have the benefit of advanced technology which has given us the cell phones. With a cell phone, we can do several things in our line of business. We can listen to the radio, we can record interviews and pictures, we can do telephone or online interviews. These immense advantages should help to improve the efficiency of our practice. On the contrary, we seem to have converted the phone and the internet into instruments for the spread of what has come to be known as fake news. Some call it junk news, or pseudo-news. This is what used to be known years ago as yellow journalism.”

The Takeaways From President Buhari’s Visit To Russia, By Garba Shehu

President Muhammadu Buhari has returned to Nigeria from his four-day visit to the Russian Republic extremely happy with the success of the visit, which outcome is the best response to a few skeptical audiences back home, including a toxic newspaper editorial, “Buhari, Stay On Your Job,” by the Lagos-based Punch Newspaper asking him to not travel.

Based upon the results, it must be concluded that the President’s mission was fully accomplished. The definite high point was the decision by the Russians to agree to a government-to-government understanding that would see them return to complete the Ajaokuta Steel Rolling Mill and commission it. Nigeria had expended well over USD 5 billion without it coming to fruition.

When he campaigned early in the year for his re-election, which he won with a majority of four million votes, marking a difference of 14 per cent against his closest rival, President Buhari reiterated an earlier promise to complete Ajaokuta to provide jobs and the steel backbone that the nation’s industrial complex needed so desperately. Could this have been achieved if he had locked himself inside the Aso Rock Villa? The answer is obviously a “no.”

Yet, this was not all that he secured. Presidents Buhari and Vladimir Putin opened a “new chapter” in the historically important relationship between the two countries as they both agreed to expand cooperation in energy sector, petroleum and gas, trade and investment, defence and security, mining and steel development, aluminium and phosphate, education and agriculture and a plethora of other issues which, to my pleasure had been spelled out in an elaborate manner by Tonye Princewill, an astute leader in the All Progressives Congress, APC in an opinion article he widely circulated.

President Putin noted that the traditional friendly relationship between Nigeria and his country has gained a new momentum, symbolized by a 93 per cent growth in trade between the two nations in 2018, promising that “Russian companies are ready to offer their scientific and technological developments to their African partners, and share their experience of upgrading energy, transport and communications infrastructure.”

In President Buhari’s view, this summit was a necessary anchor “to kick start what has been a very cordial and mutually beneficial relationship in past years…there are similarities between Russia’s journey under your leadership (Putin’s) and Nigeria’s aspirations for the future. We can learn a lot from the experiences of Russia’s ongoing reforms of transitioning from an oil dependent economy to a modern, diversified and inclusive economy.”

Russia is clearly seeking to reconstruct the important role the country played in its Soviet era. They had traditionally supported African countries in their fights for independence and sought to build industrial infrastructure and develop national economies.

In another sense, the focus of the summit on multilateralism, the advocacy for the reform of the United Nations and climate change action is a direct response to Trump era unilateralism.

It is noteworthy that Nigeria got everything our delegation asked for. When German Chancellor, Angela Merkel visited President Buhari in Abuja in August last year, she made reference to a pertinent defect in the relationship between Europe and Africa when it comes to the promotion of projects.

“When we give you a project, we show you the door to a bank. We tell you to go and obtain financing. The Chinese give you the project, they give you financing. That is something we will have to look at,” she said to President Buhari.

Before the Europeans make up their minds on this, the Russians are now having a go at the idea. For every viable project Nigerian officials suggested in the course of this summit, the chances of the financing appeared within sight.

It is in the light of this that one of Russia’s leading rail line service providers, MEDPROM indicated their interest in undertaking the 1,400-kilometer Lagos-Calabar rail track that will pass through all the states in the South-South sub-region.

The agreement and MoU signed between the NNPC and the Russia’s Lukoil is another spectacular agreement along these lines. Lukoil owns seven refineries and a record turnover of USD 38 billion.

The two oil giants will upgrade their commercial relationship to a government-to-government backed partnership, to work together in upstream operations and in revamping Nigeria’s ill-functioning refineries. The signing ceremony was witnessed by Timipre Sylva, Minister of State for Petroleum Resources. The Group Managing Director of the NNPC, Mele Kyari signed for the Nigerian side while Vagit Alekperov, President, signed on behalf of Lukoil.

In support of this, President Buhari made clear that he wished to work with Russian businesses to improve the efficiency of our oil and gas sector, giving a strong assurance that his administration will “ensure this initiative is implemented within the shortest possible time.”

Of no less significance is the MoU resolving past issues, paving the way for the revival of the rested joint venture between the NNPC and Russia’s gas giants, GASPROM for the development of Nigeria’s enormous gas resources and its infrastructure.

In that waggish but poisonous editorial, the newspaper in question raised concerns about terrorism, kidnapping and general insecurity in the country. It asked a question, wondering why the President would travel abroad when there is, in the country, the problem of kidnapping and fire from oil tankers had caused the loss of life and devastation of shops. Yes, these are sad and unwelcome. This is a President who is praised for his prompt response to the Onitsha fire, first by releasing a message of commiseration same evening and thereafter, dispatching the Minister of Humanitarian Affairs on a condolence mission. The minister gave directive on the spot to the National Emergency Management Agency, NEMA for the immediate deployment of emergency assistance to the Southeast.

Either out of ignorance or mischief, the Punch failed to see how important it is for the President to seek international support in tackling home grown terrorists, the Boko Haram, reinforced by 2000 ex-ISIS fighters as disclosed by Mr. Putin.

Not only did President Buhari get that needed support to fight Boko Haram terrorists, he got the two countries to cooperate extensively in the strategic fields of defence, civil nuclear energy and in dealing with piracy and oil pipeline vandalism in the Gulf of Guinea.

The Nigerian leader also got a deal for the technological upgrade and timely delivery of the balance of seven, out of an existing order for 12 Attack Helicopters. These, and an assortment of military hardware are direly needed by Nigeria to deal with the new wave of crime bedevilling the country.

Interestingly, one of the three key themes of the whole conference is security. African states with Russia’s support have, as an outcome, drawn up a regional security architecture that would use new technological solutions to ensure security for cities, securing the borders and creating a buffer against the illegal movement of explosives, weapons, drugs and smuggling to reduce terrorist danger to the continent.

Still on security, the Nigeria-Russia Military Technical Agreement that lapsed a few years ago without being renewed will be given due attention by Nigeria. Russia had been ready with her part. President Buhari gave a response to this, saying, “I have directed the Minister of Defence to work with the Ministry of Justice to conclude this matter within the shortest possible time.”

The significance of this agreement lies in the fact that it opens the door to the procurement of military hardware, on a government-to-government basis, eliminating middlemen and reducing cost, as well as the training of military personnel, modernization of the armed forces, refurbishment and renewal of infrastructure and equipment, which President Putin said he is ready to assist Nigeria to undertake.

The one perennial business and, if you like emotional topic between the two countries is the protracted issue of the Aluminium Smelter Company of Nigeria, ALSCON, Ikot-Abasi, Akwa-Ibom State. It too, will be resolved. President Buhari announced that he had asked the Ministry of Justice, “to submit a comprehensive report on the UC Russel (the Russian owners of the plant) matter…I want to assure you that the aim of our reforms is to ensure such investments are concluded and actualized in a professional and painless manner.”

There are many of our citizens who do not reckon with the fact that this country has a nuclear programme for about 40 years, one however, that has not gone beyond the setting up of research stations. Arising from these discussions, President Putin invited President Buhari to join him in taking the next step in the implementation of the project by commencing the construction of the nuclear power plant.

The two Presidents also addressed issues in education and agriculture. Russia said she would give additional scholarships. There are currently 100 Nigerian students studying under her scholarship and so far, 797 students from Nigeria have benefited from scholarships for training in Russia in various academic fields.

On agriculture, Russia agreed to support Nigeria in laying a solid foundation for food security. This will partly come through raw materials (phosphate) supply for President Buhari’s very impactful Presidential Fertilizer Initiative that has seen the reopening of dozens of blending plants and the return to work of thousands of employees.

Russia, now the world’s largest producer of wheat according to President Putin, will work with Nigeria in growing wheat to meet domestic and market needs.

This is in response to President Buhari who made a request to Putin, that “we seek your Government’s support especially in the area of wheat production. Today, Nigeria produces less than one hundred thousand metric tons of wheat locally while our imports are projected to exceed five million tons in 2020. We therefore need your support to bridge the deficit which will create jobs and save our foreign exchange for other important areas like security, defence and infrastructure.”

The two leaders also discussed regional and international issues of mutual interest, with President Buhari pointedly asking for Russia’s support for Nigeria’s aspiration to assume a permanent seat in the United Nations Security Council, in the envisaged reform of the UN.

Realizing that the relationship between our two countries had suffered the loss of the momentum characteristic of the Soviet era, President Buhari said “to move forward, may I suggest that our countries organize the fifth Joint Commission meeting to review and ratify all the agreements (about 40) contained in the Inter-governmental Nigeria-Russia Joint Commission on Economic, Scientific and Technical Cooperation Protocol of November 11, 2016,” to which his Russian counterpart agreed.

For the African continent that been looked at as a potential bright spot in the world economy for a long time, the flurry of summits between the leaders of the major economies of the world and the Heads of African states and government is a clear indication of Africa coming of age.

For Nigeria and President Buhari in particular, the Russia-Africa Summit had served the desire the two countries to diversify and further strengthen the bonds of our robust bilateral relations. A solid foundation has indeed been laid for the promotion of the mutually beneficial cooperation between both nations.

  • Garba Shehu, is the Senior Special Assistant to the President on Media & Publicity

6 Kidnapped Kaduna Students Regained Freedom

IGP, Mohammed Abubakar Adamu

Six students of a school in Kaduna state and two staff members kidnapped a fortnight ago  from their dormitories were said to haven been.
Armed assailants had kidnapped the six students, school vice principal and matron in a dawn raid on their mixed boarding school on October 3.
A statement by the state commissioner for internal security and home affairs, Samuel Aruwa said:”the students and staff of the Engravers College who were abducted have regained their freedom today.”
Samuel Aruwan did not say how the kidnapped students were released or if a ransom was paid eventhough the state governor, Mallam Nasir El-Rufai had told reporters days after the abduction that the kidnappers had made contact demanding ransom payment.
Although the governor declined to give details of those demands, some parents of the hostages said the abductors had demanded 50 million naira ($140 000) for the release of their daughters.

Bishops Protest To Pope, Demand That Married Men Be Allowed To Be Priest In Amazon

Catholic bishops gathered at a special Vatican assembly today, October 26 and called on Pope Francis to open the priesthood to married men in the Amazon, as well as giving women a greater role to play and making damaging the environment a sin.
The bishops issued a list of recommendations at the close of a three-week “synod” on the Pan-Amazonian region which highlighted challenges such as the destruction of the rainforest, the exploitation of indigenous peoples and a scarcity in priests.
This was even as pontiff said that he would addressing the issues before the year ends.
The text could have repercussions not only for the vast, isolated territory, but the whole of the Roman Catholic Church.
The synod brought some 184 bishops to the Vatican, over 60 percent of whom hail from the nine Amazon countries.
Together with representatives of indigenous peoples, experts and nuns, they discussed a multitude of regional concerns, from climate change to poverty, land-grabbing, mercury-polluted waters and violence against women.
The most hotly-debated question was whether or not to allow “viri probati” — married “men of proven virtue” to join the priesthood in remote locations, where communities seldom have Mass due to a lack of priests.
It would not be necessary to rewrite Church law; the bishops simply asked Francis for an exemption to the rules — like the one already granted to married Anglican pastors who later converted to Catholicism.
“Sometimes it takes not just months but even several years before a priest can return to a community to celebrate the Eucharist, offer the sacrament of reconciliation or anoint the sick,” the synod document said.
It suggested ordaining as priests “suitable and esteemed men of the community” who had “a legitimately constituted and stable family”.
But the ultra-conservative wing of the Catholic Church — particularly in Europe and North America — has spoken out strongly against the idea, warning that making exceptions could pave the way to the abolition of celibacy globally.
The bishops also urged the Argentine pope to make “the acts and habits of pollution and destruction of the harmony of the environment” an “ecological sin” or the breaking of a divine law.
It called for the Church to lead the battle against “our culture of excessive consumption”, saying “we must reduce our dependence on fossil fuels and the use of plastics.
They also proposed creating a “world fund” to protect the Amazon and its indigenous communities from “the predatory compulsion to extract their natural resources by national and multinational companies”.
The document also called for an official recognition by the Church of the key role played by lay women in the evangelisation of indigenous people by creating a formal specific role, or “ministry”, called “woman leadership of the community”.
There are some in the Church who would even like them to be allowed to become deacons, a function currently reserved for lay men.
A representative of one of the Amazon rainforest’s ethnic groups reads a document
Male deacons, who can be single or married, are able to baptise, witness marriages, perform funerals and preach homilies.
Pope Francis said that he would reconvene a commission to study the history of female deacons in the early Catholic Church, after the body’s initial report – delivered to the pontiff this year – was inconclusive.
Two thirds of the indigenous communities without priests are guided by women.
“We still have not grasped the significance of women in the Church. Their role must go well beyond questions of function,” Francis said.

How My Uncle Adopted Me, Made Me What I am Today, Plateau Gov

Plateau State Governor, Simon Lalong

Governor Simon Lalong of Plateau has narrated how his uncle, Stephen Sule adopted him and contributed greatly to making him what he is today.
The governor who spoke today, October 26 at  a memorial Mass in Shendam for Stephen Sule, and other deceased relations, said that the late Stephen Sule adopted him as his son.
“Late Sule went to his brothers in the village and told them that he wanted a male child to train because there was no primary school in Ajikamai, my village, then.
“Quickly my father gave me to him, saying take this one, he is your son, henceforth.
“I met other children in his house and all of us were using his name.
“It was my uncle that told me when I was in form five that I had now grown up,  and that I should change to my father’s name.
“He told me that I am the first son, if I don’t change it, my siblings would be confused.
“I changed to my father’s name and today it has become a subject of litigation.”
The governor prayed to God for the repose of the soul of his uncle whom God used to help him to become what he is today.

Tony “Mr Fix It” Anenih: One Year After, By Sufuyan Ojeifo

Tony Anenih

“So say it loud and let it ring; we are all a part of everything; the future, present and the past; fly on proud bird; you’re free at last.” ~Charlie Daniels, an American singer, songwriter and multi-instrumentalist
On October 28, last year, the curtains fell, bringing the life and times of the Iyasele of Esanland, Chief Anthony Akhakon Anenih, to a celebratory terminus; and so, he joyfully departed this terrestrial plane for a place in the celestial realm that typifies the future.  Anenih passed on a few weeks after his 85th birthday, which he soberly marked on August 4 (2018) in a low key-fashion.
Perhaps, beyond the economic reason that he had cited for not celebrating as he was wont to do, he had, unknown to us, begun a transcendental journey characterised by self abnegation, a detachment from the social and the worldly, for an immersion in the spiritual and the celestial. I remember how, in the twilight of his life and in his quietude, Anenih had always listened to gospel songs, his favourite being Steve Crown’s “You are Great”.
He had, in fact,  requested that the song be played for him while giving his address on the occasion of the reception he organised at the International Conference Centre, Abuja, in 2016 to thank God for giving him a second chance to live after his major heart operation in 2015.  He had taken the opportunity of the thanksgiving to present to the public his autobiography titled: “My Life and Politics”.
Those of us who were very close to the influential political warhorse knew that the colossus would one day go the way of all mortals. We carried on and helped him to play his part well while here. We contributed our little quotas in helping him to define his eon with the magnitude of his politics.  At different intersections, he had the benefits of having committed men to work closely with him in government and out of government.  In politics, where he became something like an avatar, he had tended to the needs of his tribe of loyalists, becoming a formidable rallying point.
The exertions that came with that responsibility were not going to last forever, though. Yet his expected transmutation at some point, when it came on October 28, 2019, was like the passage of a Comet. He left behind a body of legacies in business and politics. It was in politics that he cut a national niche for himself. But interestingly, it was in politics that he was caught up in the fundamental contradictions of real and imagined identities.
Certainly, it was not an identity crisis.  It was a crisis of perception by the significant others, which manifested in the garb of a somewhat deconstructed persona.  This was a comfortable resort to those who were at the receiving end of his political legerdemain; they were quick to deprecate and demonise him as “Mr Fix It”.  To those who were beneficiaries of his eleemosynary acts, he was a benevolent political leader who was touched with the feeling of their infirmities.
It was thus not surprising that a rash of controversies was spawned around his personality and his politics. The contextualization of his personality within his politics or vice versa had brought him fame; it had also brought him scorn. In keeping fidelity with the obligation to document his odyssey for posterity, he had through the medium of his autobiography summed up his essential politics, clearing a  number of misconceptions in some quarters.
From his foray into politics in the second republic where, as State Chairman of National Party of Nigeria (NPN) in  old Bendel State, he was instrumental to the emergence of Samuel Ogbemudia as governor the State, Anenih’s tactical role in politicking and electoral matters received public approbation and appreciation subsequently.
His functionality would later receive further validation as Chairman of the Social Democratic Party (SDP) under whose leadership Chief MKO Abiola won the June 12, 1993 presidential election that was annulled by the General Ibrahim Babangida’s administration. His leadership was understandably harangued by some persons who felt that the SDP leadership traded off Abiola’s mandate. Anenih’s autobiography serves as his living voice in the eternal controversy and complex narratives that will continue to dog the annulment of the June 1993 presidential election, regardless of the fact that the President Muhammadu Buhari administration has declared it as Nigeria’s Democracy Day, instead of May 29.
Anenih’s role in Nigeria’s presidential politics was writ large.  It continues to enjoy historical reference even after his demise. Posterity will glean from historical accounts how the retired Police Commissioner turned businessman-politician rose through the haze of the nation’s cloak and dagger politics to become an executor of campaign and electoral strategies that had, in the fourth republic, produced as presidents, at different intersections, Olusegun  Obasanjo, the late Umaru Yar’Adua and Goodluck Jonathan.
Like an Octopus, Anenih’s ubiquity in the nation’s political waters was legendary.  His political opponents loved to hate him; whereas, his political circles had always found comfort and strength in his leadership.  He was always trusted to deliver. Where he was not trusted to deliver, and thus denied the free reins to assume the command room, the result had always been disastrous.
To appreciate, somewhat, the politics of Anenih and how he deployed his deftness in moderating the dialectics that it produced, a run through his autobiography would provide some understanding. The autobiography represents the essential summation of Anenih’s political trajectory. In a most significant way, Anenih had, before his transmutation, defined his eon with the enormity of his politics.  His moniker as “Mr Fix It” measures the complexity of the narratives that were woven around his individuality as a consequence.
Without a doubt, Anenih meant different things to different people.  Like the proverbial elephant that was subjected to the appreciation of some  blind folks, his persona continues to be differently described, dependent on the part that each blind person was able to touch.  It was interesting that it was in his departure lounge of life that he made the greatest impact on party politics in Nigeria and also on humanity.
Anyone above 70 years is considered to be in the departure lounge of life.  But Anenih became Minister of Works and Housing in 1999 at the age of 66.  He was a standard bearer of an enduring leadership that played an influential role on the political turf until 2015 when Nigeria witnessed an unusual outcome in that years’ presidential election.
To be sure, Anenih enjoyed the grace of good health. He was therefore able to ply his political trade without much difficulty.  He was consistent and persistent to the end. At 82, after stepping aside as Chair of the Board of Trustees of the Peoples Democratic Party (PDP) following the defeat of President Jonathan by President Muhammadu Buhari, he had a major heart surgery that slowed him down. He survived the 23-hour operation in a UK hospital where he was dubbed the “Miracle Man”.
Since no one can cheat nature, at over 80, the body and the elements within would naturally and steadily depreciate. That became the lot of the Iyasele of Esanland until the domestic accident that culminated in his transition.  On Monday, 28, 2019, the Anenih family holds the one-year remembrance thanksgiving Mass at St. Anthony Catholic Cathedral, Uromi and a reception in the family house at Uzenema, Arue, Uromi, thereafter in his honour.
The late Chief Anthony Akhakon Anenih left behind good legacies for posterity and continues to live in the hearts of those of us that he affected positively with the fountain of his humanity. Rest in peace, Owaren!

·Ojeifo contributed this piece from Abuja via ojwonderngr@yahoo.com

U.S. Annual Budget Deficit Nears $1 Trillion, Trump Cuts Taxes

The United States budget deficit widened to almost $1 trillion in the latest fiscal year, surging to the highest level since 2012 as President Donald Trump cut taxes and boosted spending.
The gap increased by 26 percent to $984 billion in the 12 months through September, representing 4.6 percent of gross domestic product, the Treasury Department reported Friday. The fourth straight increase confirms that the deficit under Trump is on pace to expand to historic levels.
Few economists outside the administration expect the GOP’s $1.5 trillion in tax cuts to deliver a sustainable economic boost that would narrow the gap. The deficit — which has little precedent at these levels outside recessions or wartime — is set to widen further as spending increases for mandatory programs and interest payments.
The ballooning gap has stirred vigorous debates over how much the government can borrow and spend without driving up interest rates or inflation. At the same time, price gains and yields remain historically low despite the expanding deficit.
For the 12-month period, spending rose 8.2%, the most since 2009, totaling $4.45 trillion on increased outlays for the military, health care and education. Revenue advanced 4% to $3.46 trillion, helped by $70.8 billion in customs duties. For September alone, the surplus was $82.8 billion, compared with $119.1 billion a year earlier.
“President Trump’s economic agenda is working,” Treasury Secretary Steven Mnuchin said in a statement accompanying the release. “In order to truly put America on a sustainable financial path, we must enact proposals — like the president’s 2020 budget plan — to cut wasteful and irresponsible spending.”
The non-partisan Congressional Budget Office has forecast that the deficit will top $1 trillion in 2020, with estimates showing a shortfall of about $1.2 trillion each year over the next decade. That would amount to nearly 5% of total gross domestic product, a measure that puts the deficit in context of the overall economy.
Trump’s 2020 election bid is beginning to ramp up and he’s eager to show that his three-pronged economic agenda of tax cuts, deregulation and new trade deals have spurred growth. However, key indicators, such as business investment in equipment and machinery, have cooled lately despite incentives from tax policy. In addition, the trade tariffs are causing businesses to become hesitant with spending, while research has shown that the tax cuts are most favorable to higher-income Americans.
The president has repeatedly blamed the Federal Reserve for hampering the economy by raising interest rates too high last year and failing to cut quickly enough. The central bank is projected by economists to cut interest rates next week for the third time in three months. Officials may also telegraph that they are likely to pause for some time before making another rate move.
Fed Chairman Jerome Powell has repeatedly warned that the U.S. is on an unsustainable fiscal path. But economists are revisiting traditional ideas about how much debt can be issued, and markets don’t appear worried.
Democratic candidates seeking to challenge Trump in 2020 are pushing plans to widen access to health care and education that could cost trillions of dollars. And yields on U.S. Treasuries have fallen sharply this year to the lowest level since 2016 amid a weaker growth outlook as well as investors seeking better returns than even lower-yielding bonds from overseas.
The deficit may have exceeded $1 trillion had it not been for the trade war with China, where Trump has escalated levies over the past year. The customs-duties revenue represented a 71% increase from 2018, as American companies paid more at the border for Chinese imports, steel and other goods. While the countries came to a preliminary agreement that’s delayed at least one planned increase in levies, current tariffs aren’t being rolled back yet.
Government outlays have provided a sizable boost to U.S. GDP amid a slowdown in business investment. Federal spending rose at an annualized pace of more than 5% in the first half of the calendar year, more than double growth in the economy as a whole, according to the Commerce Department. That was helped particularly by military spending.
The tax cuts have also been credited with helping juice economic growth last year. Yet the effects of the reductions have since faded.
Even without the tax cuts and higher defense spending, outlays are increasing at a relatively fast clip. Mandatory allocations, which include Medicare and social security payments, are growing amid an aging population and with one of the world’s least efficient health-care systems. Interest payments are also adding up, now comprising about 8.4% of total outlays.
Source:Bloomberg News.

Bayelsa Commissioner Who Resigned, Returns, Says There’s Communication Gap Between Him And Gov

Markson Fefegha | Credit: Vanguard

Bayelsa State Commissioner for Mineral Resources, Markson Fefegha who resigned his appointment and membership of the Peoples Democratic Party (PDP), has returned to his post, blaming his resignation in the first place on Communication gap between him and the State governor, Seriake Henry Dickson.
In a letter announcing his return to the party today, October 24, Markson Fefegha said: “it is with a deep sense of responsibility that I address my colleagues, political associates and supporters through this medium.
“You will recall that I resigned my appointment as Commissioner for Mineral Resources on the 18th of October, 2019 because of what I perceived as ‘political uncertainty’ and other considerations.
“This was due largely to the communication gap between me and His Excellency, Henry Seriake Dickson, Governor of Bayelsa State at the time. Having met and discussed with him, I have reconsidered my decision to remain in the party and the government.
“Over the years, we have a shared bond of friendship and the mystic cord of brotherhood, which cannot be sacrificed on the altar of political exigencies.
“I shall continue to lavish adulation to his developmental efforts and quality of leadership to Bayelsa State and the Ijaw nation
“I urge all my supporters to remain steadfast and continue to support the Peoples Democratic Party.
“Let us join hands together to build a prosperous Bayelsa State.
I thank you for your understanding.”

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