Latest News
“Africa to the West: Keep Your Aid, We Want Fair Trade!”
There has been a wave of concern across Africa following the dramatic decision by former U.S. President Donald Trump to cut off USAID funding, particularly in vital areas such as health, education, food security, and humanitarian relief. However, former Nigerian President Olusegun Obasanjo has laid part of the blame on African leaders, criticising their chronic dependence on Western aid. According to NIVONEWS, Obasanjo made these remarks during a panel session at the Afreximbank Annual Meeting, themed “African Renaissance in an Era of Turbulence: Are the Lions Still on the Move?”....KINDLY READ THE FULL STORY HERE▶
Obasanjo posed a provocative question: “We have lived too long on aid. Is aid what Africa should be expecting? I don’t believe so.” He went further to challenge the logic behind African leaders constantly seeking support from nations like China and Japan, arguing that the sums they chase—such as $20 billion from China—are amounts African countries could generate internally if they harnessed their resources effectively. His remarks align with his broader ideological stance against conventional democracy in Africa and his push for a form of communal governance rooted in dialogue, concession, and collective responsibility.
Although his views on democracy remain contentious, Obasanjo’s condemnation of Africa’s dependence on aid has gained traction. According to NIVONEWS, Africa received less than $20 billion from the U.S. and under $60 billion from all European donors combined in 2023. Meanwhile, the continent earned approximately $610 billion in exports to wealthy countries—much of which remains abroad to fuel Western economies. This imbalance hinders strategic decision-making in critical sectors such as health, education, and agriculture, as donor dependency weakens internal accountability and planning.
To address this, one of the most urgent measures Africa must take is to curb illicit financial flows (IFFs). The Economic Community of West African States (ECOWAS) estimates that nearly $88.6 billion is siphoned annually through corruption, misinvoicing, and criminal networks—over four times the aid Africa received from the U.S. in 2023. The World Bank acknowledges that such capital flight drains tax revenues and resources needed for poverty-reduction and infrastructure programmes.
Furthermore, African nations must ramp up local production of essential goods like medicines, fertilisers, solar technologies, and other items commonly provided through aid. Lessons from countries such as China, India, Malaysia, and South Korea show that escaping aid dependency is achievable through deliberate industrialisation. Historically, African countries have neglected pharmaceutical manufacturing due to reliance on imported medical supplies. With USAID support dwindling, this oversight is already causing dangerous gaps in medicine availability. Africa must now invest in SMEs and startups to power innovation and job creation, emulating successful Asian models.
Finally, Africa should shift its relationship with the West from dependency to equitable partnerships. Developed nations must be encouraged to support Africa through fair trade rather than token donations. This includes paying just prices for raw materials and backing value-added production within Africa. Such changes would boost GDP, create employment, and reduce reliance on foreign aid.
If African leaders adopt bold reforms and embrace long-term planning, the continent can move beyond handouts and begin shaping a future of sustainable development—on its own terms.
Latest News
Tears For A Titan: Family Unveils Emotional Three-Day Funeral Plan For Iconic Actor Kola Oyewo!.
The funeral arrangements for the celebrated Nigerian actor, theatre scholar, and traditional ruler, Chief Dr. Adekola Gabriel Oyewo (Kola Oyewo), have been finalized by his family, with interment scheduled for Friday, August 7, 2026, in Osun State. The veteran actor passed away at age 80, leaving behind a legacy as a prominent figure in stage, television, and academia.....KINDLY READ THE FULL STORY HERE▶
The three-day farewell, organized by the Balogun Oyekola Oyewo Memorial Committee, follows this schedule:
-
Wednesday, August 5, 2026: A wake-keep and service of songs will be held at St. Mary’s Catholic Church, Igboya, Ile-Ife.
-
Thursday, August 6, 2026: A commendation mass is scheduled at St. Mary’s Catholic Church, followed by an artistes’ night at the Obafemi Awolowo University (OAU) Oduduwa Hall. An exhibition celebrating his works and photographs will also open at the Pit Theatre, African Studies Building, OAU, running through Friday.
-
Friday, August 7, 2026: After a morning departure from his residence, a requiem mass will take place at St. Joseph Catholic Church, Oba-Ile. He will be laid to rest in a private ceremony at 12:45 p.m. at Labaluyegbe Villa, followed by a reception at Aderonmu Grammar School Field.
The Bangbola Oyewo family of the Ese-Ola Royal House remembered him as a beloved family man, traditional leader, and an inspiration to generations of theatre practitioners. His passing is regarded as the end of an era for the Nigerian theatre community, where he served as an Associate Professor of Drama and a long-standing mentor.
Latest News
Nation In Shock! Herders’ King Brutally Murdered: Cops Race Against Time To Catch Killers!.
Authorities have initiated a comprehensive investigation into the murder of Risku Mohammed, the Benue State Chairman of the Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN), and his associate, Yakubu Isa. The two men were reportedly ambushed by unidentified attackers near Ahimeni in the Okodu area while traveling back from a peace summit in Otukpo.....KINDLY READ THE FULL STORY HERE▶
Benue State Commissioner of Police, Cletus Nwadiogbu, condemned the act as a “senseless and criminal” effort to destabilize local peace and security. Through PPRO DSP Udeme Edet, the Commissioner announced that tactical and intelligence teams have been mobilized to hunt down the perpetrators. CP Nwadiogbu has urged the public to avoid spreading rumors or pursuing vigilante justice, instead appealing for any useful information to be shared with the police to assist in the swift arrest and prosecution of those responsible.
Option 2: Concise News Style
Police in Benue State are hunting for the gunmen who killed MACBAN State Chairman Risku Mohammed and Yakubu Isa. The victims were attacked near Ahimeni in the Okodu area while returning from a peace meeting in Otukpo.
State Commissioner of Police Cletus Nwadiogbu denounced the killings and vowed that the command would “leave no stone unturned” in bringing the culprits to justice. Tactical units have been deployed to the area to track down the assailants. The Commissioner extended his condolences to the bereaved families and called on residents to remain calm, law-abiding, and to report any leads to the nearest police station. He reiterated the command’s firm commitment to ensuring the safety of all citizens and holding the criminals accountable.
Option 3: Action-Oriented
Following the tragic assassination of Benue MACBAN Chairman Risku Mohammed and Yakubu Isa, the State Police Command has launched a full-scale investigation. The victims were killed by unknown assailants near Ahimeni, Okodu, following a peace engagement in Otukpo.
Commissioner of Police Cletus Nwadiogbu has directed tactical and intelligence units to track down and arrest the attackers immediately. In a public statement, the command emphasized that such criminal acts will not be tolerated and that every effort is being made to secure justice for the victims. The public is encouraged to assist the investigation by reporting any relevant information through official channels and is cautioned against fueling tensions by sharing unverified reports.
Latest News
Currency Watch: Dollar Holds Firm Against Naira At ₦1,378 Amid Economic Uncertainty!.
On June 26, 2026, the dollar-to-naira exchange rate at the Lagos parallel market, commonly referred to as the black market, saw sellers offering the dollar at ₦1402, while buyers were purchasing it at ₦1391, according to Bureau De Change (BDC) sources. It is important to note that the Central Bank of Nigeria (CBN) does not officially recognize this market and advises individuals to conduct foreign exchange transactions through their respective banks.....KINDLY READ THE FULL STORY HERE▶
Additionally, the CBN’s official rates for the same period ranged from a high of ₦1385 to a low of ₦1376. Please be aware that actual transaction prices may vary and might differ from the figures provided in this report.
Exchange Rate Summary (June 26, 2026)
-
Parallel Market (Selling): ₦1402
-
Parallel Market (Buying): ₦1391
-
CBN Official Rates: ₦1376 – ₦1385
What specific aspect of the current foreign exchange market or its impact on consumer trends would you like to discuss further?
-
latest10 months ago“Social Media Erupts As Jim Iyke Declares Rita Dominic Nollywood’s Most Beautiful”
-
latest2 years agoEdo Political Showdown: Oshiomhole Appears At Presidential Villa As Tinubu Hands APC Gubernatorial Flag To Okpebholo (Photos & Video)
-
entertainment2 years agoLove Knows No Age American Woman Defends Marriage To Young Nigerian Man “I’m Not 70”
-
latest2 years agoOlumide Akpata Strikes Again: Drops Killer Track, Sends Edo State Into Frenzy!(Video)
-
Politics3 years agoNigerians React As Pastor Adeboye Foresees Passing Away On A Sunday After Enjoying A Satisfying Meal Of Pounded Yam
-
latest2 years agoFG Identifies 31 States At Risk Of Heavy Flooding In 2024: See Full List
-
Politics3 years agoBREAKING: Inspector-General Of Police Summons Top Police Commanders For Crucial-Security Challenges
-
latest2 years ago5 NYSC Corpers Perish In Fatal Road Accident Returning From Camp
