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U.S Deputy Secretary Adeyemo Offers Insights On Nigeria’s Economic Prosperity

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U.S Deputy Secretary Adeyemo Offers Insights On Nigeria’s Economic Prosperity....KINDLY READ THE FULL STORY HERE▶

Mr. Wally Adeyemo, Deputy Secretary of the United States Department of the Treasury, has called upon the Federal Government to ensure the stability of the naira, emphasizing its pivotal role in reviving the nation’s economy.

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Adeyemo, accompanied by a U.S. envoy delegation, made these remarks in Lagos during a Fireside discussion titled “U.S.-Nigeria Economic Relations: People, Entrepreneurship, and Investment,” hosted by the Lagos Business School (LBS).

As the first black U.S. Deputy Secretary of the Treasury, Adeyemo assured of President Joe Biden’s commitment to bolster the socioeconomic relationship between the two nations.

He emphasized that for Nigeria’s economy to prosper, the Federal Government must address four key critical areas that hold the potential to elevate the country’s status.

Adeyemo stressed the necessity of a stable naira and the unification of Nigeria’s exchange rates to ensure macroeconomic stability, thereby attracting investment and sparking transformative opportunities.

Furthermore, he called for the government to articulate a clear fiscal strategy that fosters credible investment, both for local and foreign investors, while asserting that, with the right macroeconomic framework, Nigeria can become the preferred destination for foreign capital, including from the United States.

Adeyemo urged the government to demonstrate greater commitment to combating corruption, holding public officials accountable, which, in turn, could stimulate investments into the country.

He expressed his presence at the event as an opportunity to discuss how the U.S. can collaborate in Nigeria’s economic reform programs, emphasizing that a prosperous Nigeria is mutually beneficial for both nations and the entire continent.

Acknowledging Nigeria’s vast economic potential, Adeyemo highlighted its significance to the country’s citizens, the continent, and the United States as a whole. He affirmed President Biden’s dedication to strengthening the U.S.-Nigerian relationship due to shared values.

Adeyemo noted the significant contributions of Nigerians globally, including the success of companies like the Dangote Group and Globalcom, as well as their contributions to culture, arts, entertainment, fintech, healthcare, and more.

With over 40 million MSMEs in Nigeria, predominantly operated by the youth, he emphasized the importance of implementing policies that would drive the growth of these businesses and further stimulate the nation’s economy.

The Vice Chancellor of the Pan Atlantic University, Prof. Enase Okonedo, expressed Nigerians’ eagerness to strengthen socioeconomic ties with the USA, particularly in vital sectors such as healthcare, security, infrastructure, and support for wealth creation.

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“Breaking: Natasha Akpoti-Uduaghan Emerges PDP Candidate For Kogi Central Senatorial Race”.

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Senator Natasha Akpoti-Uduaghan has secured the Peoples Democratic Party (PDP) ticket for the Kogi Central Senatorial District ahead of the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶

The announcement was contained in a statement released in Abuja on Thursday by her Special Assistant on Media and Publicity, Mike Idoko.

Idoko explained that party members and supporters took part in an affirmation exercise conducted across all 57 wards in the senatorial district.

He noted that the process was held simultaneously in the wards, after which results were collated at Kahal Cinema in Okene, where party leaders, stakeholders, and supporters gathered to conclude the exercise.

According to the statement, officials of the Independent National Electoral Commission (INEC) monitored the process alongside journalists to ensure transparency and compliance with electoral guidelines.

Reacting after the collation of results, Natasha expressed appreciation to party members and supporters for what she described as a strong demonstration of unity and confidence.

She said the exercise reflected the trust the people of Kogi Central continue to place in her vision for progress, inclusion, and development.

“I am deeply humbled by the massive turnout across all 57 wards. This is not just about one individual; it is about our people coming together in unity to deepen democracy and build a stronger and more prosperous Kogi Central,” she said.

The senator added that the large turnout showed the commitment of party members to strengthening democratic participation across the district.

She also pledged to remain focused on delivering development, justice, and opportunities to constituents, while maintaining close engagement with communities across the senatorial zone.

Natasha said she accepted the nomination with gratitude and renewed commitment, promising to serve with dedication and accountability if elected.

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“Egypt Name Mohamed Salah In 2026 World Cup Squad As Star Leads National Team Charge”.

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Egypt have included captain Mohamed Salah in their provisional 27-man squad for the upcoming FIFA World Cup in North America, with the experienced forward expected to once again lead the national team on football’s biggest stage.....KINDLY READ THE FULL STORY HERE▶

The 33-year-old Liverpool star remains the central figure in coach Hossam Hassan’s selection, despite reports linking him with a possible exit from Anfield after nine successful years at the club.

Salah, who has scored 67 goals in 115 appearances for Egypt, will carry the nation’s hopes as they aim for a strong run in the tournament.

Manchester City forward Omar Marmoush also made the squad following an impressive season, while 18-year-old Barcelona U19 striker Hamza Abdelkarim earned a surprise call-up despite not yet making a senior international appearance. Nantes striker Mostafa Mohamed was among the notable omissions.

Egypt will reduce the squad to the FIFA-required 26 players after their friendly against Russia in Cairo on May 28, before facing Brazil in another warm-up match on June 6 in Cleveland.

The Pharaohs have been drawn in Group G, where they will begin their campaign against Belgium on June 15, followed by matches against New Zealand and Iran.

The squad also includes goalkeepers Mohamed El Shenawy and Mostafa Shobeir, along with experienced midfielders Mahmoud Trezeguet and Emam Ashour, as Egypt prepare for the expanded 48-team World Cup across the United States, Canada, and Mexico.

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“Wike: Fubara Joined APC Too Quickly But Failed To Consolidate Power – Rufai Oseni”.

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Anchor of Arise Television’s Morning Show, Rufai Oseni, has criticised Governor Siminalayi Fubara’s political move to the All Progressives Congress (APC), saying it failed to achieve the expected political consolidation.....KINDLY READ THE FULL STORY HERE▶

Oseni made the remarks on Thursday during the programme while reacting to Fubara’s withdrawal from the APC governorship primary.

He described the political situation in Rivers State as troubling for Nigeria’s democracy, arguing that it further highlights the influence of Minister of the Federal Capital Territory, Nyesom Wike, in the state’s political structure since the 2023 elections.

According to him, Wike has become a dominant force in Rivers politics, with influence that appears to cut across party lines.

However, Oseni questioned how sustainable such political dominance could be, warning that excessive concentration of power in one individual could undermine democratic growth.

He said, “As regards Rivers, what do I say? It’s a shame on our democracy. Rivers has become two-factor authentication.”

He added that political alignments in the state appear heavily influenced by Wike, suggesting that recent developments reflect his continued control over key decisions.

“You quickly went to join the APC, you couldn’t get consolidation there,” he said, referring to Fubara’s political move.

Oseni further speculated on future political dynamics in the state, questioning whether Wike’s influence would extend to other political figures and structures.

He argued that Wike’s level of dominance raises concerns about political plurality, noting that democracy suffers when power becomes overly centralized.

According to him, while Wike’s influence is evident, the bigger question is whether such a system is sustainable in the long term.

Oseni also warned that similar political patterns could emerge in other states if not checked, stressing the need for stronger democratic institutions and balance of power.

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