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Saudi Arabia plans to invest $600bn in new US trade over 4 years

By Kayode Sanni-Arewa
Saudi Arabian Crown Prince Mohammed bin Salman told President Donald Trump that the kingdom wants to put $600 billion into expanded investment and trade with the United States over the next four years, the Saudi State news agency said early on Thursday.
In a phone call between the two leaders, the crown prince said the Trump administration’s expected reforms could create “unprecedented economic prosperity”, the state news agency reported.
The report said Saudi Arabia wants its investments to capitalize on these conditions. It did not detail the source of the $600 billion, whether it would be public or private spending nor how the money would be deployed.
The investment “could increase further if additional opportunities arise”, the agency quoted Bin Salman as telling Trump.
Trump fostered close ties with Gulf states including Saudi Arabia during his first term. The country invested $2 billion in a firm formed by Jared Kushner, Trump’s son-in-law and former aide, after Trump left office.
Trump said following his inauguration on Monday that he would consider making Saudi Arabia his first destination for a foreign visit if Riyadh agreed to buy $500 billion worth of American products, similar to what he did in his first term.
“I did it with Saudi Arabia last time because they agreed to buy $450 billion worth of our product. I said I’ll do it but you have to buy American product, and they agreed to do that,” Trump said, referring to his 2017 visit to the Gulf kingdom.
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Reporting by Hatem Maher; Editing by Leslie Adler and Cynthia Osterman
News
Bakare criticizes Tinubu, says his ‘motor park’ politics has destroyed NASS

Senior Pastor of the Citadel Global Community Church (CGCC), Pastor Tunde Bakare, has accused President Tinubu of promoting a crude ‘motor park’ style of politics that has destroyed Nigeria’s political institutions.
Speaking during his state of the nation address in Lagos, themed: ‘Let the people know the truth and the country is safe,’ on Sunday, April 20, Bakare blamed the President for turning the National Assembly into a rubber-stamp institution, saying Tinubu’s influence had undermined the separation of powers as lawmakers now blindly approve the president’s decisions in sycophantic loyalty.
He said this has resulted in the weakest and most compromised National Assembly since Nigeria’s return to democracy in 1999.
“At the centre of this political banditry is the motor park brand of politics nurtured by the old brigade politicians, and in recent times, by President Tinubu. Mr. President, it is through your influence that the National Assembly has become a haven for legislative rascality. Mr. President, it is under your watch that the National Assembly has become an extension of the executive, grossly violating the principles of separation of powers and rubber-stamping the whims and caprices of your office, while singing the international anthem of sycophants -On your mandate we shall stand.
“Mr. President, thanks to your political machinations, Nigeria is now bedevilled by a captured National Assembly, the most ineffective in its checks-and-balances role since the start of the Fourth Republic.
“In 2006, the Fourth National Assembly had the audacity to reject the tenure extension bid of a sitting president. In 2010, the Sixth National Assembly summoned the courage to stand against a power-hijacking cabal and restore Nigeria to the path of constitutionality by invoking the Doctrine of Necessity. “In 2011, the House of Representatives of the Seventh National Assembly had the courage to elect its leaders, as did the Senate of the Eighth National Assembly in 2015, defying executive interference.
“This National Assembly has by its unconstitutional endorsement of the president’s abuse of powers proven to be the most spineless in our recent history. Through its actions and inactions, it has, in effect, become the 48th member of the president’s cabinet, while a cabinet minister has, more or less, become a third-term state governor in Rivers State, pampered by the indulgences of the president,” Bakare said.
He also said the past few months had shown that those responsible for steering the course of the nation lack the humility and character demanded of leaders and what the country has seen is a descent into tyranny and brazen abuse of power.
“From the theatre of the absurd staged in Rivers State, with puppets on strings controlled by directors in Abuja, to the dance of shame performed by the National Assembly in their rush to suspend the constitution and endorse, through the backdoor, the usurpation of powers by President Tinubu; from the Senate’s shameless bid to silence Senator Natasha Akpoti-Uduaghan for demanding that the President of the Senate upholds the moral standards required of that office, to the uncouth outbursts of an undistinguished senatorial misfit who tried in vain to silence the distinguished citizens attempting to testify on behalf of Senator Akpoti-Uduaghan, it is clear that our so-called leaders are determined to turn Nigeria into a mafia state.
“The two main contenders in the ongoing institutional immorality Olympics are the executive and the legislature. While it is not in dispute that our institutions and constitution are inadequate, it has become obvious that our biggest problems are the occupiers of these institutions and executors of the constitution. “The quality of leadership in Nigeria has become so repugnant that citizens must declare a state of emergency on governance, demanding that every aspiring public officeholder undergoes rigorous psychiatric evaluation.
News
Sad as hotelier slumps, dies at wife’s 60th birthday thanksgiving

A prominent Lagos hotelier, Otunba Kunle Akinyele, died suddenly on Saturday after collapsing during a church thanksgiving held to celebrate his wife’s 60th birthday.
The tragic incident occurred at Christ Apostolic Church, Oke-Iyanu, Odemuyiwa District Headquarters, in Egbeda, Lagos State.
In a now-viral video shared on Facebook by Ayoade Ojeniyi on Sunday, Akinyele was captured seemingly gesturing for help, possibly asking for water or an inhaler, before slumping in the middle of his testimony.
The video showed the late businessman visibly distressed and gesticulating moments before he collapsed.
The thanksgiving service was held in honour of his wife, Deaconess Catherine Adejoke Akinyele. A reception had been scheduled to follow immediately at Noble Castle Events Centre in Igando.
One of the event vendors, who shared their experience on Facebook, revealed that they had arrived at the reception venue by 10am for a party that was billed to commence at 2pm.
The celebrant, her husband, their children, and guests had earlier gone to the church for the thanksgiving and were expected to head to the reception afterwards.
Those plans were, however, disrupted when news broke that Akinyele had collapsed in church. Efforts to resuscitate him were unsuccessful.
“Variety of foods were set, decoration, cocktail, emu oguro, and many more,” the vendor wrote, explaining that the live band had already arrived and mounted about 25 speakers.
Still reeling from the shock, the vendor added that the Master of Ceremony had spoken with Akinyele around 1:23 pm, but less than an hour later, the devastating news of his death had emerged.
The reception was immediately cancelled, and guests were seen departing the venue in confusion and disbelief.
“This is how people die?” the vendor lamented in the post.
“I can’t possibly ask for my balance for the job,” the vendor added.
As of the time of this report, the exact cause of death had yet to be officially confirmed.
News
WAEC bars 574 schools from conducting 2025 WASSCE over examination malpractices

The West African Examinations Council has revoked the licences of 574 secondary schools in Nigeria.
WAEC announced that the affected schools were found to have committed examination malpractices.
The examination body also stated that the schools will not be allowed to conduct examinations even as the 2025 West African Senior School Certificate Examination, commences from Thursday, April 24, 2025.
This was disclosed by the Head of WAEC’s National Office, Dr. Amos Dangut, during a press briefing on Thursday at the headquarters of the examination body in Lagos.
Dangut said WAEC had forwarded the list of the affected schools to the Nigerian government.
“This year, we have shared with them a total of 574 schools that have had their recognition withdrawn, and that is also going to be the same for all examining bodies.
“So, these are those that have got their license revoked as far as the examination centre is concerned. So we will not conduct examinations there. We don’t know them as far as conducting examinations,” Dangut said.
For the forthcoming 2025 WASSCE, Dangut stated that 1,973,253 candidates registered for the examination from 23,554 schools.
Speaking further, he said 979,228 males and 994,025 females would take part in the examination.
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