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Tinubu enthuses at AU’s membership of G-20 *Says, better days ahead

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President Bola Tinubu has congratulated the African Union for joining the G20 platform, a global economic platform, a development that became the hallmark of the global body in its summit in New Delhi, where the Indian Prime Minister Narendra Modi, invited the continental bloc to take its seat as a permanent member.

Tinubu, while enthusing on the development, in which the AU chairman Azali Assoumani, was accompanied to his seat with a thunderous applause from the audience using his official X page, stated that the inclusion of the African Union as a permanent G20 member remained a pivotal moment for unity and progress, adding: “Nigeria is eager to collaborate with India and the rest of the world for the enhancement of the Global South.”

Also, reacting via the official X handle of the Office of the President, the Nigerian government tweeted that the G20 will further advance Africa’s interests, saying: “Congratulations to the @_AfricanUnion on becoming a permanent member of the #G20. As a continent, we look forward to further advancing our aspirations on the global stage using the G20 platform,” the government wrote.

Responding to the Nigerian government, Modi tweeted that AU’s involvement in G20 will further bring progress to member states, adding: “India is elated to welcome @_AfricanUnion as a permanent member of the G20. Together, let us foster global unity and progress. Let us also do whatever we can for the development of the Global South,” the PM replied to the tweet from the Nigerian government.

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Before now, the G20 comprises of 19 countries namely, Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, United Kingdom and United States) and the European Union.

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As disclosed in its official website, the G20 takes pride in representing “around 85 per cent of the global GDP, over 75 per cent of the global trade, and about two-thirds of the world population.”

The development comes amid the expansion of the Brazil, Russia, India, China and South Africa (BRIC) economic bloc in August this year.

The bloc had in its summit in South Africa, admitted Argentina, Egypt, Ethiopia, Iran, United Arab Emirates, and Saudi Arabia as members out of 23 applications.

Russia, a founding member of BRICS, had revealed through its foreign affairs minister, Sergey Lavrov, that exposing and disagreeing with the alleged hegemony of the West led by the United States, remain core objectives of BRICS.

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BRICS was created in 2009 to dislodge what it described as US global dominance.

At its summit in South Africa, Nigeria did not apply to join BRICS even though, Vice President Kashim Shettima was in attendance.

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Tough economy: Trouble in APC, as staff plan strike

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A loud grumbling has enveloped the 40 Blantyre Crescent, Wuse, Zone 2, Abuja, headquarters of the All Progressives Congress (APC), where staff across different departments are threatening to down tools in protest of poor welfare and biting economic hardship.

Daily Trust, is reporting that the staff are specifically asking the party’s top echelon to make provision for their housing and other allowances, stressing that the economic situation of the country had become quite unfavourable to them.

The paper quoted one of the staff, who spoke on condition of anonymity, as saying that the party’s executive members had left them to suffer, while taking home humongous amounts of money as salaries and allowances.

Though Abdullahi Umar Ganduje, National Chairman of the party, is said to have commenced payment of N35,000 provisional wage award to them in January 2024, they argued that the largesse would in June, and they would be back to square one and therefore, they needed more stable welfare packages.

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In a swift riposte, Felix Morka, spokesman of the party, was quoted as dismissing the agitation, saying: “Those matters I don’t really discuss them. As you can see, there are many important things to discuss; at the national level, in Edo State. We are battling with all that. So, any in-house matters are not my focus right now.”

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BREAKING: Davido ups the ante, doles out N300million to orphanages

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David Adeleke Nigerian music sensation, otherwise known as Davido is stamping his giant feet with which he has mesmerised his audience across the world in the arena of philanthropy, with an announcement of a fresh donation of a whopping N300million to some orphanages across the country.

The latest is an increase of N63million up from the N237million the popular singer, who disclosed the largesse in a statement on his social media accounts on Tuesday, dolled out last year as part of the gesture in what is now turning out a yearly programme since it started a few years ago.

The gesture is coming at a time Nigeria is under an intense weather of deprivation and poverty, with the prices of food and other commodities hitting the roof and citizens, unable to afford basic items mostly going to bed on empty stomachs as a result.

In recent weeks, demonstrations had erupted in many parts of the country, including Niger, Kano, Ogun and Oyo States, where residents trooped into the streets to demand an end to the parlous situation, which they blamed on the insensitive policies of the government of Bola Tinubu, the Nigerian President.

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The singer, who first gave out N250m to 292 orphanages in October 2022, said the this year’s donation would be done through The David Adeleke Foundation (DAF), adding: “I and my foundation pledge the sum of 300 million Naira to orphanages around Nigeria … as my yearly contribution to the nation. Details of disbursement tomorrow.”

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BREAKING: Tinubu set to probe Buhari’s N23trillion Ways and Means debt

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At last, President Bola Tinubu, may be going through the N23trillion Ways and Means debt obtained by his predecessor, Muhammadu Buhari, with a fine comb to determine what the funds, which is attributed to a major part of the current debt overhang in the country, went into.

The Nation, quoted Wale Edun, Minister of Finance and Coordinating Minister for the Economy as revealing this much to participants at the ongoing Public Wealth Management Conference organised by the Ministry of Finance Incorporated (MoFI).

Besides, the Minister reportedly said the Federal Government would also present a bill to the National Assembly, soon to authorise the removal of “all taxes and levies that constitute nuisance from the country’s tax system, as a measure to wean itself from future Ways and Means indebtedness.

The government, Edun added, will vigorously pursue policies that will allow it harvest revenue in real time from Government Owned Enterprises (GOEs) and Corporate entities.

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It was also on the same day that the Minister explained that Tinubu’s administration inherited a surge in food and general commodity prices from the previous government, but emphasised the government’s commitment to reducing food prices and tackling the nation’s high inflation rate.

Outlining the measures government was taking in tackling the situation, he revealed that, the government had released 42,000 metric tons of grains, with an additional 60,000 metric tons scheduled for release soon.

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