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Trump, Biden Shake Hands In White House, Vow Smooth Transfer

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Donald Trump will make a triumphant return to the White House to meet President Joe Biden Wednesday, in the Republican’s first visit since departing under a torrent of scandal nearly four years ago.

Trump’s meeting with Biden comes as he moves swiftly to name his administration, including the world’s richest man Elon Musk as head of a new group aimed at slashing government spending.

Biden invited his sworn rival to meet in the Oval Office — despite the fact that 78-year-old Trump, who has consistently refused to admit his 2020 election loss, never afforded Biden the same courtesy.

Biden, 81, is expected to urge a smooth transition of power in the encounter at 11:00 am (1600 GMT) — and push for continued support for Ukraine.

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“He believes in the norms. He believes in our institutions,” White House Press Secretary Karine Jean-Pierre said Tuesday when asked why Biden was inviting Trump.

“The American people deserve this. They deserve a peaceful transfer of power.”

However, in a break with protocol, Trump’s wife Melania “will not be attending today’s meeting at the White House,” her office said on X.

National Security Advisor Jake Sullivan said Biden would go over top foreign policy issues when he meets Trump — including US support for Ukraine against Russia, which Trump has indicated he will end.

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The meeting may be a bitter pill to swallow for Biden, who branded Trump a threat to democracy.

The Republican leader of the House, Speaker Mike Johnson, said Trump may also visit the US Capitol, which a mob of his supporters stormed in 2021 to try to reverse his election loss.

Trump’s party looks set to take both chambers of Congress and consolidate his extraordinary comeback.

Tradition restored

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Biden’s Oval Office invitation restores a presidential transition tradition that Trump tore up when he lost the 2020 election, refusing to sit down with Biden or even attend the inauguration.

Then-president Barack Obama had welcomed Trump to the White House when the tycoon won the 2016 election.

But by the time Trump took his last Marine One flight from the White House lawn on January 20, 2021, he had also been repudiated by many in his own party for having stoked the assault on the Capitol.

That period of disgrace soon evaporated, however, as Republicans returned to Trump’s side, recognizing his unique electoral power at the head of his right-wing movement.

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Trump enters his second term with a near total grip on his party and the Democrats in disarray.

He has spent the week since the election at his Mar-a-Lago resort in Florida assembling his top team, as the world watches to see how closely he sticks to his pledges of isolationism, mass deportations and sweeping tariffs.

Trump named Space X, Tesla and X boss Musk, and another ally, businessman Vivek Ramaswamy, to lead a “Department of Government Efficiency (‘DOGE’)” — a tongue-in-cheek reference to an internet meme and cryptocurrency.

Musk’s out-sized influence within the Trump camp was underlined by multiple US media reports that the entrepreneur was accompanying the incoming president to his meetings with the Republican Party on Wednesday.

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Trump is moving quickly to fill out his administration, picking a host of ultra-loyalists.

Trump nominated Fox News host and army veteran Pete Hegseth as his incoming defense secretary. An outspoken opponent of so-called “woke” ideology in the armed forces, Hegseth has little experience similar to managing the mammoth US military budget and bureaucracy.

Trump named South Dakota Governor Kristi Noem — an ally who famously wrote about shooting her dog because it did not respond to training — as head of the Department of Homeland Security.

Florida Senator Marco Rubio is tipped for secretary of state, US media reported, while Trump has also confirmed Congressman Mike Waltz, a former special forces officer, as his national security advisor.

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John Ratcliffe, another figure who became prominent for defending Trump during his scandal-plagued first term, was named to head the CIA.

AFP

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FEC approves ₦47.9tn 2025 budget

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By Kayode Sanni-Arewa

The Federal Executive Council, FEC, has approved a proposed national budget of ₦47.9 trillion for the 2025 fiscal year.

Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this on Thursday while briefing State House correspondents after the FEC meeting presided over by President Bola Tinubu.

This was part of the Medium-Term Expenditures Framework, MTEF, for 2025 to 2027 and in line with the Fiscal Responsibility Act of 2007.

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“And equally, the fiscal objectives were conservative, because we want to ensure that we study the course much as we believe the projections will be exceeded.

“The budget size that was approved for presentation to the National Assembly in the MTEP is ₦47.9 trillion, with new borrowings of ₦9.2 trillion to finance the budget deficit in 2025,” Bagudu said.

“We need to sustain the market deregulation, commendable market deregulation of petroleum prices and exchange rate, and to compel the Nigerian National Petroleum Corporation Limited to lower its oil and gas production cost significantly, and even to consider the need to amend the relevant sections of the petroleum industry act 2021 to address the significant risk to Federation.

“The Federal Executive Council approved the Medium Term Expenditure Framework and the physical strategy paper, and it will be submitted to the National Assembly.

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“This is in addition to bills that are already at the National Assembly, the economic stabilization bills and tax reform bills, which we believe we will have a very, very strong growth in 2025.”

During the meeting, the FEC approved its submission to the National Assembly as required by the 2007 Fiscal Responsibility Act.

The framework projected a gross domestic product (GDP) growth rate of 4.6 percent, an exchange rate of $75 to the naira, and oil production of 2.06 million barrels per day. [Channels TV]

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Nigeria to get 6,000 power generation by December-Power Minister vows

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By Kayode Sanni-Arewa

The Minister of Power, Adebayo Adelabu, has expressed his unwavering optimism that the government will successfully meet its ambitious target of generating 6,000 megawatts of electricity by December 2024, despite the numerous challenges currently affecting the power sector.

The Special Adviser on Strategic Communication and Media Relations, Bolaji Tunji, conveyed this assurance at the fourth edition of the Power Correspondents Association of Nigeria’s annual workshop, themed “Ending the Talk, Moving the Action,” held on Thursday in Abuja.

Nigeria’s power generation currently ranges between 3,500 and 4,000 MW for a population of approximately 200 million people. For instance, on Thursday, the country’s power generation was 3,556.38 MW as of 8 am.

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Earlier this year, Adelabu pledged that power generation in Nigeria would reach 6,000 MW by the end of the year, citing improvements in the sector over the past year.

However, the frequent collapse of the nation’s electricity grid and the vandalisation of towers have raised concerns about the stability of the Nigerian Electricity Supply Industry and its ability to achieve the target.

In his goodwill address, the Special Adviser emphasised that the minister’s primary focus remains on achieving the goal of increasing generation and ensuring its efficient distribution to consumers.

Tunji said, “The minister aims to achieve what seems to be an intractable goal—improving generation and ensuring that what is generated reaches the final consumers. There are challenges, but they are surmountable.

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“The minister has promised that by December this year, we will reach 6,000 megawatts; yes, we still hope to get there.

“We are confident that we will get there, but we are aware of the current issues with grid collapse. Efforts are being made to resolve these problems. Day and night, teams are being dispatched to address the various issues, and we remain hopeful that we will achieve the 6,000 MW target by December.”

The Director of Renewable Energy, Sunday Owolabi, also reiterated that the government is committed to ensuring 24-hour power supply for Nigerians.

Owolabi, another representative of the minister, stressed that the government’s policies are focused on resolving the challenges facing the country’s electricity transmission, distribution, and generation sub-sectors.

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“We are fully committed to transforming the country’s power sector. We are focused on ensuring that our policies are practical and sustainable. We are resolute in ensuring power supply for every Nigerian.

“The government remains fully committed to transforming Nigeria’s power sector through meaningful and actionable reforms.

“We are focused on ensuring that our policies are not only visionary but also practical, impactful, and sustainable. From the ongoing efforts to address infrastructure gaps, enhance power generation, and improve transmission networks, to vital reforms in distribution and the full implementation of the electricity market, we are resolute in our mission to improve power supply for every Nigerian.”

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Just in: Wike sends FCDA Executive Director on indefinite suspension

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By Kayode Sanni-Arewa

Minister of the Federal Capital Territory, Nyesom Wike has suspended the Executive Secretary, Federal Capital Development Authority (FCDA), Engr. Shehu Hadi Ahmad indefinitely.

According to a statement on Thursday, by Lere Olayinka, Senior Special Assistant on Public Communications and New Media to the Minister of Federal Capital Territory (FCT), the suspension of Engr Hadi Ahmad is with immediate effect.

The suspended Executive Secretary has consequently been directed to hand over to the Director of Engineering Services, in the FCDA.

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Meanwhile, Nyesom Wike has revealed that President Bola Tinubu ordered the construction of houses for judges in Abuja.

The former Rivers State governor said the project is part of the government’s plan to provide secure housing for judges and strengthen the judiciary’s independence.

Speaking during a media chat on Wednesday, the former Rivers Governor clarified that the housing project is not his personal initiative.

Wike explained that the housing scheme was included in the 2024 budget, approved by the National Assembly, and is not his personal decision.

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He added that judges currently live in rented homes, which could make them vulnerable.

He compared this to similar projects he carried out as Rivers State governor and expressed surprise at the criticism, especially from legal professionals.

Wike insisted the project is lawful and should be welcomed as a step in the right direction.

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