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Africa’s poverty not an act of God — Obasanjo

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Former Nigerian President Olusegun Obasanjo has stated that the widespread poverty in Africa is man-made and not an act of God.

Obasanjo made this statement on Monday at the opening ceremony of the FESTAC Africa Festival at the Jomo Kenyatta Stadium in Kisumu, Kenya.

The former head of state remarked that, given the continent’s abundant resources, there is no reason for its poverty.

He said, “Africa has no reason to be poor. Our poverty is not an act of God. We are steeped in poverty due to our poor mentality. We need to wake up because we have a wealth of resources.

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“If you look back in history, you will see that whenever others needed to get work done, they came to Africa to transport black people to the so-called New World to make others rich. And that hasn’t stopped. The slave trade led to colonialism. We enrich others while remaining impoverished. We need to awaken.

“Structural adjustment was the idea of the World Bank. However, I disagreed because we lacked the structure. What exactly were we adjusting? They were simply deceiving us.”

Obasanjo also expressed nostalgia at the return of the Festival of Arts and Culture, whose second edition was held in Nigeria during his tenure as military head of state in 1977. The first edition of the widely acclaimed festival was held 11 years earlier in Dakar, Senegal, in 1966.

Recalling his experience when the festival was held in Nigeria 47 years ago, the former president said, “I am here to express my appreciation and thanks, first to the governor of Kisumu County, Anyang Nyong’o, for hosting FESTAC here and contributing to what I call a renaissance and rebirth of FESTAC. I feel a bit emotional because, as you heard, the first festival was held in Senegal in 1966, and there was no other for 11 years.

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“Nigeria agreed to stage another edition of the festival in 1975. Despite preparations, a change of government led some people to suggest cancelling it. However, I insisted that we should proceed and successfully hosted it.”

He added that the event attracted black people from all over the world, including Papua New Guinea, Australia, and the United States, and was a success.

Obasanjo also acknowledged that the event was suspended for over four decades because “it was left entirely in the hands of the government.”

Returning as a democratically elected president from 1999 to 2007, Obasanjo commended Yinka Abioye, Chairman of FESTAC Africa International, for his tenacity and commitment.

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He said, “At this juncture, I would like to commend Yinka (Abioye) for his efforts and determination in reviving FESTAC during my lifetime.”

At one point in his speech, Obasanjo called on former Kenyan Prime Minister Raila Odinga to join him on stage.
“My brother, come and join me on stage. You cannot bring me here and then abandon me,” he joked.

Calling for support for Odinga’s ambition to become Chairperson of the African Union Commission, Obasanjo said, “At FESTAC ’77, black people who were marginalised and exploited came together. Sadly, that marginalisation continues. I believe it will persist until we unite. The renaissance of FESTAC is part of the process of unification.

“Unless the AU as a continental organisation achieves success with the continental free trade agreement, we won’t progress. The AU itself needs reform. How can they develop programmes and wait for the European Union to provide funding? I was appointed as the AU’s High Representative for the Horn of Africa (a region in East Africa consisting of Kenya, Ethiopia, and Somalia). When appointed, the AU had no funds for me to perform my role.

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We waited for the US, EU, Germany, and other countries to provide money. Due to my connections, I approached the head of the African Development Bank, who provided some funds, enabling us to achieve progress in Ethiopia. Yet, the AU could not provide even that $500,000.

“We need individuals who understand Africa’s problems and the role the AU should play. I believe Raila Odinga is that person. He understands Africa’s issues because we have worked together on these problems before.”

He also stated that although Africa has achieved political liberation, it has not yet attained economic freedom.

“That’s why we need someone like Odinga to lead the AU and provide the reform and leadership necessary to achieve economic liberation for Africa,” he added.

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Further, he advised African leaders to stop accepting Western ideas that do not work for the continent.

He said, “We have everything needed to create wealth. No one will do it for us. We must do it ourselves. If we don’t act, we are sitting on a keg of gunpowder. Our youth are restless, unhappy, bitter, angry, unemployed, and dissatisfied.

“They cannot wait for a long-promised future. They want action now. If we fail to deliver, we will be in trouble. However, we can meet their needs because we have the capability.”

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Umahi Frowns At Slow Pace Of Suleja-Minna Road Construction

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The Minister of Works, David Umahi, has expressed sadness and disappointment over the slow pace and poor quality of the Suleja-Minna federal road construction, which has been ongoing for 14 years.

Despite reports of 84% completion, Umahi stated that the work executed does not match the reported progress.

Umahi’s comments came during a Town Hall Meeting and stakeholders’ engagement on the construction of the 1,068-kilometer Sokoto-Badagri superhighway in Minna, Niger State.

The minister emphasized the need for improved quality and speed in the project’s execution and added that all contractors handling federal government projects in Niger State will be invited for assessment.

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The Minister had passed through the Suleja-Minna Road to attend the meeting and express disappointment over the snail pace of work.

In addition to addressing the Suleja-Minna Road project, Umahi announced that the Federal Government is redesigning the Kano-Abuja Expressway. The new design will feature the use of concrete, which is expected to increase the road’s lifespan to between 50 to 100 years.

Governor Umaru Bago praised the value addition captured along the corridor of the road, particularly the irrigation potentials that the proposed 68 dams will avail farmers in the State. He also declared support for the choice of concrete in road construction.

Other stakeholders at the event raised concerns over funding and completion time of the projects.

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Bitcoin hits $90,000 for the first time as Trump backs crypto

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Bitcoin reached a record high above $90,000 on Wednesday, as the world’s largest cryptocurrency gained from President-elect Donald Trump’s pledge to ease regulation on digital assets.

Bitcoin surged to a peak of $91,000 before settling at $90,670.

The volatile asset has soared since Trump’s US presidential election victory last week, repeatedly setting new records.

Trump had pledged during his campaign to make the United States the “Bitcoin and cryptocurrency capital of the world.”

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His previous term included corporate tax cuts that boosted market liquidity, encouraging cryptocurrency investment.

In September, Trump announced he and his sons, along with entrepreneurs, would launch a digital currency platform called World Liberty Financial. However, its sales launch earlier this month was lacklustre, with only a fraction of tokens sold.

Cryptocurrencies have drawn global attention, marked by extreme volatility and the collapse of major industry players, including the FTX exchange.

In the lead-up to the election, Trump reportedly became the first former president to use Bitcoin in a transaction, buying burgers at a New York restaurant that hailed it as a “historic transaction.”

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NYSC announces date for ‘2024 Batch C’ registration

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The management of the National Youth Service Corps, NYSC, on Wednesday, announced the date for the online registration of prospective 2024 batch C stream I corps members.

The management said the exercise will commence on Thursday, 14 November, 2024.

This was made known in a post on the official X handle of the NYSC on Wednesday.

“Online Registration for 2024 Batch ‘C’ SC Stream I commences 14th November 2024,” the statement read.

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The orientation course will commence later on a date to be announced by the NYSC management.

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