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Shettima aborts US trip as Presidential Jet develops technical fault
Vice-President Kashim Shettima who was scheduled to represent President Bola Tinubu at a Summit in Dallas, Texas has aborted the trip following a technical fault with his aircraft.
Shettima was to represent the President at the 2024 US-Africa Business Summit organised by the Corporate Council on Africa.
Mr Stanley Nkwocha, the Senior Special Assistant to the President on Media and Communications, Office of The Vice-President, disclosed this in a statement on Monday in Abuja.
Nkwocha said the Minister of Foreign Affairs, Amb. Yusuf Maitama Tuggar, will represent the President at the Summit, as Shettima could not be able to make the trip
He stressed that the technical fault forced the Vice President to make a detour on the advice of the Presidential Air Fleet.
According to Nkwocha, the Vice President will carry on with other national duties.
He stated that the high-profile summit, taking place at the Kay Bailey Hutchison Convention Center, would bring together political and business leaders from across Africa, the United States, and other regions.
Nkwocha added that the summit would features high-level dialogues, networking sessions, and plenary.
He said that the African leaders expected at the summit include, the President, Republic of Liberia; Joseph Boakai, President, Republic of Malawi; Lazarus Chakwera and the President, Republic of Angola, Joao Lourenço.
Nkwocha said other African leaders that would grace the summit are the President, Republic of Botswana, Mokgweetsi E. K. Masisi, President, Republic of Cabo Verde, José Maria Neves, and the Deputy Prime Minister, Kingdom of Lesotho, Nthomeng Majara.
He said that the US-Africa Business Summit is expected to foster economic cooperation and explore investment opportunities between the United States and African countries.
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By Gloria Ikibah
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Obasanjo narrates how he escaped becoming drug addict
Former President Olusegun Obasanjo has revealed how he almost became a drug addict.
He spoke in Abeokuta over the weekend at the second edition of ‘Fly Above The High’ anti-drug campaign conference organised by the Recovery Advocacy Network.
Obasanjo stated that smoking during his youthful age led to chronic coughing and almost became an addiction.
The former President, while lamenting the increase in drug abuse among Nigerians and other West Africans, urged Nigerian students and young people to refrain from abusing psychoactive drugs, saying that they ruin life rather than enhance it.
“If I had persisted, I could have become addicted. Once you get involved, it is difficult to get out.
“There’s nothing drug can do for you except destruction.
“We found out that West Africa has equally been a centre for drug consumption in a very bad way. That was more than 10 years ago, so the situation has since gone worse. And whatever applies to West Africa applies to all other parts of Africa,” Obasanjo said.
He cautioned against stigmatization and urged individuals who are already addicted to psychoactive drugs to get help.
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We saved $20bn after Petrol Subsidy Removal and FX Rate Reforms, Says Finance Minister
Wale Edun, minister of finance and coordinating minister of the economy, says Nigeria has saved $20 billion from petrol subsidy removal and market-based pricing of the foreign exchange rate.
Edun spoke at a ceremony recently held to mark the first 100 days in office of Esther Walso-Jack, head of civil service of the federation, in Abuja.
“An amount of five per cent of GDP is what those two subsidies were costing when there was a subsidy on PMS; when there was petroleum product generally for a long time and when there was a subsidy of foreign exchange. Between them, they were costing five percent of GDP,” he said.
“If you say GDP was on average, let’s say $400 billion. We all know what five percent of that is – $20 billion of funds that could be going into infrastructure, health, social services, education.”
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