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Obi decries Nigeria’s economic decline, calls for urgent action

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By Francesca Hangeior

The 2023 Labour Party Presidential Candidate, Peter Obi, has expressed deep concern over the country’s economic trajectory since 2015.

In a statement on Monday via X, Obi highlighted the contrast between Nigeria’s economic performance in the early years of its return to democracy and its current state.

“When Nigeria returned to democratic governance in 1999, it maintained an average GDP growth of about 6.72% for 16 years from 1999-2014,” Obi wrote.

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However, he pointed out that this growth was not sustained, with GDP growth collapsing to 2.79% in 2015 and the economy slipping into recession in 2016.

He said, “In 2014, just before the inception of a new administration a year later, Nigeria had the biggest economy in Africa with a Gross Domestic Product of $568.5 billion and a GDP Per Capita of about $3,200.”

In contrast, he noted that by 2023, Nigeria had fallen to the 4th largest economy in Africa, with a GDP of $375 billion and a per capita of $1700.

Accordingly, the situation worsened in 2024, with the GDP further declining to an estimated $253 billion and per capita dropping to $1087.

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This is according to data obtained from StatiSense, an AI data company specialising in financial report analysis, bank statement evaluation, and AI chatbot services.

Subsequently, the former governor expressed alarm at the current state of affairs, saying, “Today, poverty is pervasive and on the increase. Unemployment is rising. Food inflation has skyrocketed to over 43%. Foreign and local investors are losing faith in the future growth of our economy and are leaving in large numbers. Businesses are shutting down.”

Obi called for urgent action to prevent further economic collapse and move it from consumption to production as he criticised the current leadership.

Obi said, “Urgent actions need to be taken to salvage the nation from further economic collapse and move it from consumption to production.

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“However, instead of concerning ourselves with all these challenges threatening our collective existence and finding ways to recreate an inclusive and sustainable economy, pull millions of people out of poverty, and return our nearly 20 million out-of-school children to schools, our leaders are more concerned with funding their selfish luxuries and individual lavishness, while throwing blames at others who are only committed to solving the nation’s problems.

“In the face of all these challenges, we the leaders should commit to inclusive and sustainable growth to end the hardship which has continued to burden our fellow Nigerians. Only through that can we achieve a peaceful and secure society.”

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Trump fails at Apex Court to stop hush money sentencing

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By Kayode Sanni-Arewa

The United States Supreme Court on Thursday denied a last-minute bid by President-elect Donald Trump to halt sentencing in his hush money case.

The top court, which includes three justices appointed by Trump, rejected his emergency application seeking to block Friday’s sentencing by a 5-4 vote.

The court, in a brief unsigned order, said the “burden that sentencing will impose on the President-Elect’s responsibilities is relatively insubstantial” and noted that Trump will be allowed to attend virtually.

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The court also noted that the judge who presided over the hush money case has already said he plans to impose a sentence of “unconditional discharge,” which does not carry any jail time, fine or probation.

Trump is scheduled to be sentenced in Manhattan at 9:30 am (1430 GMT) on Friday after being convicted by a New York jury in May of 34 counts of falsifying business records to cover up a hush money payment to porn star Stormy Daniels.

Trump, 78, who is to be sworn in as president on January 20, filed an emergency application with the Supreme Court on Wednesday seeking to halt his sentencing.

Four justices — Clarence Thomas, Samuel Alito, Neil Gorsuch and Brett Kavanaugh, all conservatives — were in favor of granting Trump’s request to halt his sentencing.

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Chief Justice John Roberts and Justice Amy Coney Barrett, also conservatives, joined the three liberal justices in rejecting the president-elect’s bid.

Barrett, Gorsuch and Kavanaugh were appointed by Trump.

Trump’s lawyers made several legal maneuvers in an effort to fend off sentencing arguing that it would be a “grave injustice” and harm “the institution of the presidency and the operations of the federal government.”

Trump’s attorneys also claimed that the immunity from prosecution granted to a sitting president should be extended to a president-elect.

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Manhattan District Attorney Alvin Bragg rejected their arguments in his response on Thursday, saying Trump was a private citizen when he was “charged, tried, and convicted.”

– Convicted felon –

Bragg also said the Supreme Court “lacks jurisdiction over a state court’s management of an ongoing criminal trial” and preventing sentencing would be an “extraordinary step” by the top court.

“There is no basis for such intervention,” Bragg said.

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In the order, the Supreme Court said Trump can still appeal his conviction through the New York state courts.

Judge Juan Merchan said last week he was leaning towards giving Trump an unconditional discharge that would not carry jail time, a fine or probation. He also agreed to allow Trump to attend Friday’s Manhattan sentencing virtually instead of in person.

Trump is the first former US president to be convicted of a crime and will be the first convicted felon to serve in the White House.

Trump potentially faced up to four years in prison, but legal experts — even before he won the November presidential election — did not expect Merchan to incarcerate him.

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Trump was certified as the winner of the 2024 presidential election on Monday, four years after his supporters rioted at the US Capitol as he sought to overturn his 2020 defeat.

AFP

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Rising star Amad Diallo signs new Man United contract

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By Kayode Sanni-Arewa

Amad Diallo set his sights on making “history” with Manchester United after the Ivory Coast winger signed a new contract that will keep him at Old Trafford until 2030.

Diallo has been in impressive form since Ruben Amorim took over as United manager in November, scoring three times in his last six games.

The 22-year-old, whose previous deal had been due to expire at the end of this season, has made 50 appearances and netted nine times since arriving from Atalanta in 2021.

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‘We aren’t just a band of blind musicians; we have journalists, teachers and computer…0:00 / 0:00

After loan spells at Rangers and Sunderland raised questions about his future with United, Diallo is finally emerging as one of the club’s brightest young stars.

“I’m really proud to have signed this new contract. I have had some incredible moments with this club already but there is so much more to come,” Amad Diallo said.

“I have huge ambitions in the game and I want to achieve history at Manchester United.

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“I have learnt so much since arriving here four years ago. I am very grateful to the coaches and staff who have helped me to develop and to the fans for driving me forward every day.

“It has been a difficult season for everyone, but I fully believe that we are on the right path and the future is going to be really special.

“I am ready to give everything to help the team and make our supporters proud again.”

Diallo scored United’s stoppage-time winner at Manchester City in December and netted their equaliser in the 2-2 draw at Liverpool on Sunday.

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Having made just nine appearances in his first three seasons with United, Diallo first earned cult hero status with a late winner against Liverpool in the FA Cup last year.

United’s technical director Jason Wilcox believes Diallo will be a great asset to the club’s long-term future.

“Everyone is delighted with Amad’s development – his quality on the ball, versatility and determination makes him a key part of the future of Manchester United,” Wilcox said.

“The best years of his career are ahead of him and we all look forward to helping Amad to reach his immense potential and achieve success at the club in the coming seasons.”

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Despite Diallo’s fine performances, United are languishing in 13th place in the Premier League table with just six wins from 20 top-flight games.

Amorim’s side travel to Arsenal for their FA Cup third round tie on Sunday.

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MEET Silas Adekunle, world’s highest-paid robotics engineer

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By Kayode Sanni-Arewa

Let’s talk about Silas Adekunle, a brilliant Nigerian inventor and entrepreneur who made waves by creating the world’s first intelligent gaming robot.

Born in Nigeria, Silas moved to the UK at 12 and went on to earn a first-class robotics degree and an honorary Doctor of Technology degree from the University of the West of England, Bristol.

Silas co-founded and led Reach Robotics, a UK-based company that combined augmented reality gaming with STEM education. The star of the company’s creation was MekaMon—a four-legged robot with lifelike movements. It wasn’t just a toy; MekaMon brought video games to life with robotics and augmented reality. Alongside the robot, Reach Robotics developed an app that controlled MekaMon and served as a gateway to even more digital fun.

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Silas raised $12 million in investments, growing the company to about 65 employees at its peak. In 2018, he landed a major deal with Apple to sell MekaMon in the U.S. and UK.

Adekunle is regarded as the highest paid in the field of robotic engineering, after being credited for building the world’s first gaming robot. Adekunle was able to achieve this feat after signing a mouth-watering deal with Apple Inc.

Despite these achievements, Reach Robotics faced challenges in the consumer robotics industry and closed its doors in September 2019. Later in 2022, the name “Reach Robotics” was revived by a company called Blueprint Lab.

But Silas Adekunle didn’t stop there. He turned his focus to robotics education across Africa, using MekaMon to inspire the next generation of tech innovators. He also started Awarri, a company promoting AI and robotics technology on the continent. By January 2020, he became the co-founder and CEO of R.I., a company helping developers create cloud solutions to remotely manage robots, industrial systems, and IoT devices.

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Silas’s work has earned him well-deserved global recognition. In 2018, he was named one of the Financial Times’ “Top 100 Minority Ethnic Leaders in Technology” and featured on Forbes’ 30 Under 30 Europe: Technology list.

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