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Nigeria experienced a significant decline in passenger vehicle imports in 2024, with total import value dropping to N1.26 trillion from N1.47 trillion in 2023, representing a 14.3% decrease according to the National Bureau of Statistics (NBS).

This decline follows a substantial import surge in 2023 when vehicle imports more than doubled compared to 2022 levels. The downturn reflects growing economic pressures that forced both businesses and consumers to reduce non-essential spending, with many Nigerians turning to the local second-hand market as an alternative.

Import Trends Over Five Years

Nigeria's vehicle import patterns have shown considerable volatility since 2020:

- 2020: N546.79 billion

- 2021: N695.40 billion

- 2022: N655.69 billion (slight decline)

- 2023: N1.47 trillion (124.7% increase)

- 2024: N1.26 trillion (14.3% decrease)

Key Economic Factors Behind the Decline

Two major economic challenges contributed to the reduced imports:

Record-High Inflation

Inflation reached a nearly three-decade high of 34.8% in December 2024, eroding purchasing power across the country. The annual average inflation rate for 2024 stood at 33.2%, significantly higher than the 24.7% recorded in 2023. This persistent rise in consumer prices forced many Nigerians to prioritize essential expenses over major purchases like vehicles.

Severe Currency Depreciation

The naira experienced dramatic depreciation against major currencies:

- Official exchange rate: N1,535/$ at the end of 2024, representing a 40.9% depreciation from N907.11/$ in late 2023

- Parallel market: N1,660/$ (26.8% depreciation from N1,215/$ at the end of 2023)

The World Bank identified the naira as one of the worst-performing currencies in Sub-Saharan Africa in 2024, citing strong dollar demand, limited forex inflows, and delays in foreign exchange disbursements by the Central Bank of Nigeria as contributing factors.

Despite the CBN's introduction of new forex policies intended to improve market transparency and attract foreign investment, the increased cost of foreign exchange continues to constrain import-dependent sectors like the automotive industry.​​​​​​​​​​​​​​​​

Natasha Akpoti-Uduaghan, the suspended senator representing Kogi Central, has escalated her legal battle against Senate President Godswill Akpabio to the international stage. During the Women in Parliament session at the Inter-Parliamentary Union (IPU) meeting held at the United Nations in New York, Akpoti-Uduaghan detailed her allegations of sexual harassment and abuse of office against Akpabio, seeking justice and the intervention of global democratic institutions.

The lawmaker described her suspension from the Senate as illegal and expressed fears that she could be detained upon her return to Nigeria for speaking out at the international forum. Her suspension came after she accused Akpabio of sexual harassment and abuse of office, allegations he has vehemently denied.

The conflict between the two lawmakers reached a boiling point last Thursday when the Senate suspended Akpoti-Uduaghan following a seat arrangement dispute on February 20, 2025.

Akpoti-Uduaghan filed a N100 billion defamation lawsuit against Akpabio and challenged her suspension in court. A Federal High Court in Abuja granted her an interim order restraining the Senate’s disciplinary committee from proceeding with its investigation, with the case adjourned to March 10, 2025.

However, on Wednesday, March 5, 2025, the Senate committee dismissed Akpoti-Uduaghan’s petition against Akpabio, citing procedural violations and legal constraints. The committee declared the petition “dead on arrival,” but Akpoti-Uduaghan re-submitted the petition the following day, vowing to continue her fight for justice.

Allegations and Counteractions

Akpoti-Uduaghan’s allegations have sparked a heated debate in Nigeria’s political landscape, with many calling for transparency and accountability in the Senate. Her decision to take the matter to the United Nations highlights the gravity of the situation and her determination to seek redress beyond Nigeria’s borders.

The Senate President has consistently denied the allegations, labeling them as baseless and politically motivated. Meanwhile, Akpoti-Uduaghan’s legal team has argued that her suspension and the dismissal of her petition are attempts to silence her and undermine her quest for justice.

Implications for Nigeria’s Democracy

The case has drawn significant attention to issues of gender-based violence, abuse of power, and the treatment of whistleblowers in Nigeria’s political system. Akpoti-Uduaghan’s bold move to involve international bodies underscores the challenges faced by women in politics and the need for stronger mechanisms to address harassment and discrimination.

As the legal battle continues, the case serves as a litmus test for Nigeria’s commitment to upholding democratic principles and protecting the rights of its citizens, particularly women in leadership positions. The outcome of this high-profile dispute could have far-reaching implications for accountability and governance in the country.

Conclusion

Natasha Akpoti-Uduaghan’s decision to bring her case against Senate President Godswill Akpabio to the United Nations marks a significant escalation in her fight for justice. Her allegations of sexual harassment and abuse of office have ignited a national conversation about power dynamics, gender equality, and the rule of law in Nigeria. As the legal proceedings unfold, the case will undoubtedly remain a focal point in the ongoing struggle for transparency and accountability in Nigerian politics.

Israeli fire kills four Palestinians in Gaza, amid new ceasefire talks

An Israeli air strike killed four Palestinians in Gaza on Tuesday, the territory's civil emergency service said, as Arab mediators and the United States tried to hammer out differences between Hamas and Israel over a January 19 ceasefire agreement.

The Israeli military said its air force attacked "terrorists who were engaged in a suspicious activity on the ground in central Gaza and posed a threat to the force."

Israel sent a delegation to the Qatari capital, Doha, for more ceasefire talks, and Hamas leaders ended a round of talks in Cairo earlier this week. But there has been no sign of a breakthrough to resolve the disputes that threaten a return to armed conflict.

Fighting in Gaza has been halted since January 19 under a first phase of the truce, and Hamas has exchanged 33 Israeli hostages and five Thais for some 2,000 Palestinian prisoners and detainees.

Hamas wants to begin talks on a second phase that was supposed to reach an agreement over Israel's full pullout from the enclave. Israel demands that Hamas free the remaining hostages without beginning phase two negotiations.

On Tuesday, Hamas accused Israel of trying to cause famine in Gaza by continuing to suspend the entry of aid and also by its decision to sever its last working line of electricity to the enclave, a move that impacted a water desalination and sewage treatment facility.

"We call on mediators to pressure the occupation to abide by its pledges and open the crossings immediately, to ensure the flow of humanitarian aid and end the policy of collective punishment pursued by the occupation authorities against our people," it said in a statement.

Israel cut aid flows of food, medicine, and fuel imports earlier this month, a move it said was designed to pressure militant group Hamas in ceasefire talks. On Sunday, it announced an electricity cut, which aid groups say would deprive Gazans of clean water.

There is a risk that Gaza will experience another hunger crisis if Israel continues to block aid, the head of the U.N. Palestinian relief agency (UNRWA) in Gaza said on Monday, warning the situation is quickly deteriorating.

"I think the more we go ahead (with aid blockages), the more we will see the impact increasing on the population. And obviously, the risk ... is that we go back to situation we experienced months ago about deepening hunger in the Gaza Strip," said UNRWA Commissioner-General Philippe Lazzarini.

The Islamist militant group carried out a cross-border raid into southern Israel on October 7, 2023, triggering an Israeli offensive into the Gaza Strip that has killed more than 48,000 Palestinians, according to Gaza health officials.

Hamas militants killed 1,200 people and took 251 hostages, according to Israeli tallies.

 

Reuters

WESTERN PERSPECTIVE

US to resume security support to Ukraine as Kyiv says it is ready to accept ceasefire proposal

The United States agreed on Tuesday to resume military aid and intelligence sharing with Ukraine after Kyiv said it was ready to support Washington's proposal for a 30-day ceasefire with Russia, the countries said in a joint statement.

After more than eight hours of talks with Ukrainian officials in Jeddah, Saudi Arabia, U.S. Secretary of State Marco Rubio said the U.S. would now take the offer to Russia, and the ball is in Moscow's court.

"Our hope is that the Russians will answer 'yes' as quickly as possible, so we can get to the second phase of this, which is real negotiations," Rubio told reporters, referring to U.S. President Donald Trump.

The Kremlin launched a full-scale invasion of Ukraine three years ago, and Russia, which has been making advances, now holds around a fifth of Ukraine's territory, including Crimea, which it annexed in 2014.

Rubio said Washington wanted a full agreement with both Russia and Ukraine "as soon as possible."

"Every day that goes by, this war continues, people die, people are bombed, people are hurt on both sides of this conflict," he said.

How Moscow would respond was far from certain.

Russian President Vladimir Putin has said he is open to discussing a peace deal, but he and his diplomats have repeatedly stated they are against a ceasefire and would seek a deal that safeguards Russia's long-term security.

Putin told his Security Council on January 20 that there "should not be a short truce, not some kind of respite for regrouping forces and rearmament with the aim of subsequently continuing the conflict, but a long-term peace."

He has also ruled out territorial concessions and said Ukraine must withdraw fully from four Ukrainian regions claimed and partly controlled by Russia.

"Any agreements - with all the understanding of the need for compromise - on our terms, not on American," an influential Russian lawmaker said on Wednesday.

The Russian foreign ministry said after the U.S-Ukraine talks on Tuesday only that it did not rule out contacts with U.S. representatives.

Ukrainian President Volodymyr Zelenskiy, who was in Saudi Arabia but did not participate in the talks, said the ceasefire was a "positive proposal," that covers the frontline in the conflict, not just fighting by air and sea.

WILL RUSSIA AGREE?

The Ukrainian leader said the ceasefire would take effect as soon as Russia agreed.

"When the agreements come into force, during these 30 days of 'silence,' we will have time to prepare with our partners at the level of working documents all the aspects for reliable peace and long-term security," Zelenskiy said.

Rubio said the plan would be delivered to the Russians through multiple channels. Trump's national security adviser, Mike Waltz, was due to meet his Russian counterpart in the coming days and Trump's special envoy Steve Witkoff plans to visit Moscow this week to meet Putin.

On Tuesday, Trump said he hoped for a swift ceasefire and thought he would talk to Putin this week. "I hope it'll be over the next few days," he told reporters at a White House event to promote his close adviser Elon Musk's Tesla car company.

The U.S.-Ukraine agreement was a sharp turnaround from an acrimonious White House meeting on February 28 between the new Republican U.S. president, who has long been a Ukraine aid skeptic, and Zelenskiy.

In Tuesday's joint statement, the two countries said they agreed to conclude as soon as possible a comprehensive agreement for developing Ukraine’s critical mineral resources, which had been in the works and was thrown into limbo by that meeting.

Following that encounter, the United States cut off intelligence sharing and weapons shipments to Ukraine, underlining Trump's willingness to pressure a U.S. ally as he pivots to a more conciliatory approach to Moscow.

Trump said on Tuesday he would invite Zelenskiy back to the White House.

Ukrainian officials said late on Tuesday that both U.S. military assistance and intelligence sharing had resumed.

EUROPEAN PARTNERS

A top aide to Zelenskiy said options for security guarantees to Ukraine were discussed with U.S. officials. Security guarantees have been one of Kyiv's key aims, and some European countries have expressed willingness to explore sending troops to Ukraine if necessary as part of the guarantees.

In the joint statement, Ukraine reiterated that European partners should be involved in the peace process. NATO Secretary General Mark Rutte will be at the White House on Thursday.

Ukrainian Foreign Minister Andrii Sybiha, who took part in the Jeddah talks, said that afterwards he talked to several European foreign ministers "about the outcomes of the milestone meeting."

On Wednesday, Sybiha travels to Poland, Ukraine's neighbour and a NATO member, that has been a steadfast supporter of Kyiv since the start of the war.

"It seems like the Americans and Ukrainians have taken an important step towards peace. And Europe stands ready to help reach a just and lasting peace," Polish Prime Minister Donald Tusk said on X.

Waltz said the initial resumption of military assistance for Ukraine would involve equipment from U.S. stockpiles approved by former U.S. President Joe Biden and stopped by Trump.

As the diplomacy plays out, Ukraine's battlefield positions have been under heavy pressure, particularly in Russia's Kursk region where Moscow's forces have launched a push to flush out Kyiv's troops, which had been trying to hold a patch of land as a bargaining chip.

Ukraine overnight launched its biggest drone attack on Moscow and the surrounding region yet, showing Kyiv can also land major blows after a steady stream of Russian missile and drone attacks, one of which killed 14 people on Saturday.

The Tuesday attack, in which 337 drones were downed over Russia, killed at least three employees of a meat warehouse and caused a short shutdown at Moscow's four airports.

 

RUSSIAN PERSPECTIVE

Civilian death toll from Ukrainian mass-drone attack rises

The death toll from a major multi-wave Ukrainian drone attack on civilian sites in the area of the Russian capital has risen to three, after a 43-year-old man succumbed to his injuries in the hospital, Moscow Region Governor Andrey Vorobyov reported on Tuesday.

According to the Russian Defense Ministry, a total of 337 Ukrainian drones were neutralized on Tuesday night, with 91 of them intercepted over Moscow Region.

In a Telegram post, Vorobyov stated that the deceased man suffered a stomach wound, a broken shoulder, and a shin injury from shrapnel after drone debris fell into a parking lot. “Doctors fought for his life until the very end,”he wrote.

The man is survived by his wife and five-year-old son. “We will make sure the family is well taken care of,” Vorobyov said.

Like the other two victims of the drone attack, he was an employee of the Russian company Miratorg. A security guard was killed instantly, while two other men succumbed to their wounds in the hospital.

Moscow was hit by the largest-ever wave of Ukrainian kamikaze drones on Tuesday night. Russian air defenses intercepted hundreds of UAVs, according to officials.

At least one residential high-rise in the capital sustained damage from falling debris, Moscow Mayor Sergey Sobyanin confirmed. Outside the city, multiple buildings were also damaged, according to Vorobyov.

The Russian Investigative Committee has officially classified the Ukrainian operation as an act of terrorism. Moscow claims Kiev has resorted to such tactics due to setbacks on the battlefield.

First Deputy Chairman of the State Duma Defense Committee Aleksey Zhuravlev told RIA Novosti that the “Kiev regime is close to its death throes” and will increasingly desperately attack Russia to escalate the conflict.

The attack came just hours before high-level discussions between US and Ukrainian officials are set to start in Saudi Arabia. The Trump administration has accused Vladimir Zelensky of stalling Washington’s efforts to broker a truce with Moscow by refusing to compromise.

 

Reuters/RT

Europe has been warned, and warned again.

Still, it has been reduced to a near-fainting fit — and, in the case of one German official, actual tears — over the Trump administration’s tough words about its deficient military spending and its moves to begin negotiating on its own with Russia over the Ukraine war.

In response, French President Emanuel Macron called an emergency summit of European leaders, which his advisers insisted wasn’t an emergency summit at all, but merely a rapidly assembled informal meeting.

Whatever the nomenclature, there are signs that Europe is beginning to get the memo — or, more precisely, beginning to read a memo that it’s been sent repeatedly for years and buried somewhere under piles of documents celebrating its own so-called soft power.

Back in 2011, Europe received a stern talking-to from a bumptious US official who insisted that it faced “a dim if not dismal future” and that NATO was headed for “irrelevance.”

This rude American was none other than President Barack Obama’s defense secretary, Robert Gates.

As a holdover from the George W. Bush administration, Gates was a figure with unassailable bipartisan credentials, yet sounded a little like Vice President JD Vance and Defense Secretary Pete Hegseth.

“The blunt reality,” Gates said in his speech, “is that there will be dwindling appetite and patience in the US Congress — and in the American body politic writ large — to expend increasingly precious funds on behalf of nations that are apparently unwilling to devote the necessary resources or make the necessary changes to be serious and capable partners in their own defense.”

In the form of the second Trump administration, the patience has dwindled to almost nothing. 

Serious countries need serious militaries, and a military alliance like NATO depends on the capabilities of its member countries.

This is so obvious, it should go without saying, but it’s been an inconvenient truth for a Europe that has preferred to spend on everything else while relying on the might of the United States for security and power projection.

NATO countries vowed that they’d spend at least 2% of GDP on defense back in 2014, yet only 23 of 32 NATO members have reached the threshold.

Poland and the Baltic states are among the top spenders, while France and Germany barely make 2%, and Canada and Italy are beneath it.

The trend has been upward but nowhere near adequate. According to the New York Times, “There is consensus among officials and analysts that Europe lacks crucial elements of defense like integrated air and missile defense, long-range precision artillery and missiles, satellites and air-to-air refueling tankers.”

Is that all?

President Trump is calling for 5% of GDP for NATO members, which has all the hallmarks of a tactic to get Europe as high as possible even if they don’t reach this benchmark (the US itself spends about 3.4%). NATO is planning to make 3% or 3.5% its goal later this year.

Trump and his team prefer vinegar to honey in making their case around the world. It may be needlessly abrasive, but there’s no doubt that it gets people’s attention.

NATO Secretary-General Mark Rutte told member countries to stop “complaining” and come up with concrete, positive ideas, while Ursula von der Leyen, president of the European Commission, said “Europe’s security is at a turning point” and Europe needs “an urgency mindset” and “a surge of defense.”

Even if Trump were less insistent about spending and had warmer feelings about the alliance, the fact is the United States may at some point be consumed with responding to a crisis in the Pacific, and Europe will have to be prepared to defend its backyard regardless.

If Europe won’t spend more for the sake of its own security or the good of the alliance, it should — when its embarrassing panic subsides — at least do it out of self-respect.

 

New York Post

Laura Bicker

Head in hands, eight-year-old Timmy muttered to himself as he tried to beat a robot powered by artificial intelligence at a game of chess.

But this was not an AI showroom or laboratory – this robot was living on a coffee table in a Beijing apartment, along with Timmy.

The first night it came home, Timmy hugged his little robot friend before heading to bed. He doesn't have a name for it – yet.

"It's like a little teacher or a little friend," the boy said, as he showed his mum the next move he was considering on the chess board.

Moments later, the robot chimed in: "Congrats! You win." Round eyes blinking on the screen, it began rearranging the pieces to start a new game as it continued in Mandarin: "I've seen your ability, I will do better next time."

China is embracing AI in its bid to become a tech superpower by 2030.

DeepSeek, the breakthrough Chinese chatbotthat caught the world's attention in January, was just the first hint of that ambition.

Money is pouring into AI businesses seeking more capital, fuelling domestic competition. There are more than 4,500 firms developing and selling AI, schools in the capital Beijing are introducing AI courses for primary and secondary students later this year, and universities have increased the number of places available for students studying AI.

"This is an inevitable trend. We will co-exist with AI," said Timmy's mum, Yan Xue. "Children should get to know it as early as possible. We should not reject it."

She is keen for her son to learn both chess and the strategy board game Go – the robot does both, which persuaded her that its $800 price tag was a good investment. Its creators are already planning to add a language tutoring programme.

Perhaps this was what the Chinese Communist Party hoped for when it declared in 2017 that AI would be "the main driving force" of the country's progress. President Xi Jinping is now betting big on it, as a slowing Chinese economy grapples with the blow of tariffs from its biggest trading partner, the United States.

Beijing plans to invest 10tn Chinese yuan ($1.4tn; £1tn) in the next 15 years as it competes with Washington to gain the edge in advanced tech. AI funding got yet another boost at the government's annual political gathering, which is currently under way. This comes on the heels of a 60 billion yuan-AI investment fund created in January, just days after the US further tightened export controls for advanced chips and placed more Chinese firms on a trade blacklist.

But DeepSeek has shown that Chinese companies can overcome these barriers. And that's what has stunned Silicon Valley and industry experts – they did not expect China to catch up so soon.

A race among dragons

It's a reaction Tommy Tang has become accustomed to after six months of marketing his firm's chess-playing robot at various competitions.

Timmy's machine comes from the same company, SenseRobot, which offers a wide range in abilities – Chinese state media hailed an advanced version in 2022 that beat chess Grand Masters at the game.

"Parents will ask about the price, then they will ask where I am from. They expect me to come from the US or Europe. They seem surprised that I am from China," Mr Tang said, smiling. "There will always be one or two seconds of silence when I say I am from China."

His firm has sold more than 100,000 of the robots and now has a contract with a major US supermarket chain, Costco.

One of the secrets to China's engineering success is its young people. In 2020, more than 3.5 million of the country's students graduated with degrees in science, technology, engineering and maths, better known as STEM.

That's more than any other country in the world - and Beijing is keen to leverage it. "Building strength in education, science and talent is a shared responsibility," Xi told party leaders last week.

Ever since China opened its economy to the world in the late 1970s, it has "been through a process of accumulating talent and technology," says Abbott Lyu, vice-president of Shanghai-based Whalesbot, a firm that makes AI toys. "In this era of AI, we've got many, many engineers, and they are hardworking."

Behind him, a dinosaur made of variously coloured bricks roars to life. It's being controlled through code assembled on a smartphone by a seven-year-old.

The company is developing toys to help children as young as three learn code. Every package of bricks comes with a booklet of code. Children can then choose what they want to build and learn how to do it. The cheapest toy sells for around $40.

"Other countries have AI education robots as well, but when it comes to competitiveness and smart hardware, China is doing better," Mr Lyu insists.

The success of DeepSeek turned its CEO Liang Wenfeng into a national hero and "is worth 10 billion yuan of advertising for [China's] AI industry," he added.

"It has let the public know that AI is not just a concept, that it can indeed change people's lives. It has inspired public curiosity."

Six homegrown AI firms, including DeepSeek, have now been nicknamed China's six little dragons by the internet – the others are Unitree Robotics, Deep Robotics, BrainCo, Game Science, and Manycore Tech.

Some of them were at a recent AI fair in Shanghai, where the biggest Chinese firms in the business showed off their advances, from search and rescue robots to a backflipping dog-like one, which wandered the halls among visitors.

In one bustling exhibition hall, two teams of humanoid robots battled it out in a game of football, complete in red and blue jerseys. The machines fell when they clashed – and one of them was even taken off the field in a stretcher by their human handler who was keen to keep the joke going.

It was hard to miss the air of excitement among developers in the wake of DeepSeek. "Deepseek means the world knows we are here," said Yu Jingji, a 26-year-old engineer.

'Catch-up mode'

But as the world learns of China's AI potential, there are also concerns about what AI is allowing the Chinese government to learn about its users.

AI is hungry for data - the more it gets, the smarter it makes itself and, with around a billion mobile phone users compared to just over 400 million in the US, Beijing has a real advantage.

The West, its allies and many experts in these countries believe that data gathered by Chinese apps such as DeepSeek, RedNote or TikTok can be accessed by the Chinese Communist Party. Some point to the country's National Intelligence Law as evidence of this.

But Chinese firms, including ByteDance, which owns TikTok, says the law allows for the protection of private companies and personal data. Still, suspicion that US user data on TikTok could end up in the hands of the Chinese government drove Washington's decision to ban the hugely popular app.

That same fear – where privacy concerns meet national security challenges - is hitting Deepseek. South Korea banned new downloads of DeepSeek, while Taiwan and Australia have barred the app from government-issued devices.

Chinese companies are aware of these sensitivities and Mr Tang was quick to tell the BBC that "privacy was a red line" for his company. Beijing also realises that this will be a challenge in its bid to be a global leader in AI.

"DeepSeek's rapid rise has triggered hostile reactions from some in the West," a commentary in the state-run Beijing Daily noted, adding that "the development environment for China's AI models remains highly uncertain".

But China's AI firms are not deterred. Rather, they believe thrifty innovation will win them an undeniable advantage – because it was DeepSeek's claim that it could rival ChatGPT for a fraction of the cost that shocked the AI industry.

So the engineering challenge is how to make more, for less. "This was our Mission Impossible," Mr Tang said. His company found that the robotic arm used to move chess pieces was hugely expensive to produce and would drive the price up to around $40,000.

So, they tried using AI to help do the work of engineers and enhance the manufacturing process. Mr Tang claims that has driven the cost down to $1,000.

"This is innovation," he says. "Artificial engineering is now integrated into the manufacturing process."

This could have enormous implications as China applies AI on a vast scale. State media already show factories full of humanoid robots. In January, the government said that it would promote the development of AI-powered humanoid robots to help look after its rapidly ageing population.

Xi has repeatedly declared "technological self-reliance" a key goal, which means China wants to create its own advanced chips, to make up for US export restrictions that could hinder its plans.

The Chinese leader knows he is in for a long race – the Beijing Daily recently warned that the DeepSeek moment was not a time for "AI triumphalism" because China was still in "catch-up mode".

President Xi is investing heavily in artificial intelligence, robots and advanced tech in preparation for a marathon that he hopes China will eventually win.

 

BBC

March 6, 2025 – The 2025 Ọbafẹmi Awolọwọ Memorial Webinar, themed “Our 21st Century World: Reflections and Projections,” brought together a distinguished gathering of thought leaders, policymakers, and academics from around the world to reflect on the challenges and opportunities shaping the 21st century. Held on March 6, 2025, the event was chaired by former South African President Thabo Mbeki and featured keynote speaker Jeffrey Sachs, a globally renowned economist and sustainable development expert.

The webinar, organized by the Ọbafẹmi Awolọwọ Foundation, aimed to honor the legacy of Ọbafẹmi Awolọwọ, a visionary leader whose commitment to knowledge-driven leadership, economic self-reliance, and social justice remains deeply relevant today.

In her welcome address, Ọlatokunbọ Awolọwọ Dosumu, the only surviving child of the late sage and Executive Director of the Foundation, emphasized the timeliness of the theme, noting the rapid technological advancements, shifting economic paradigms, and evolving geopolitical realities defining the 21st century. She highlighted the need for critical discourse to navigate these changes and shape a more prosperous and equitable future. The webinar focused on four critical sub-themes: the economy, technology (with a special emphasis on artificial intelligence), North-South dynamics, and Africa’s options for development.

Key Observations: A World in Flux

The discussions at the webinar underscored the complex challenges facing Africa and the world. The global economy, while resilient, is fraught with risks, including inflation, debt market instability, and declining productivity. The rise of the BRICS nations, now comprising 10 countries, including Egypt and Ethiopia, is reshaping international trade and finance, challenging the dominance of the G7 and the US dollar. However, the political risk of rising populism in the West and its implications for global economic policies were also noted.

Artificial intelligence (AI) emerged as a central theme, with participants recognizing it as the most consequential development of our time. While AI has the potential to boost global GDP, it also poses significant challenges, including workplace displacement, economic inequality, and the risk of digital authoritarianism. The uneven distribution of AI’s benefits, particularly in the Global South, was highlighted as a pressing concern. Participants warned that without inclusive AI governance, existing global disparities would deepen, reinforcing the dominance of a few nations in the AI economy.

Africa’s unique challenges were also a focal point. The continent faces a multifaceted situation marked by political, economic, and social transformations. Despite its vast mineral resources, Africa’s ownership structures often favour foreign interests, limiting its ability to harness its wealth for sustainable development. The webinar also addressed the urgent need for long-term, low-cost financing for economic programmes, as well as the importance of investing in education, infrastructure, and human development.

Recommendations: A Roadmap for Africa’s Transformation

The webinar concluded with a series of recommendations aimed at positioning Africa for success in the coming decades. Key strategies included:

1. Leadership and Governance: Africa must cultivate competent leaders committed to tackling the continent’s development challenges. The African Union (AU) should play a central role in driving an Africa-wide economic vision.

2. Education and Human Development: Investing in education, particularly for young people, is critical. A 20% return on investment in education makes it a key driver of economic growth. School curricula should be upgraded to equip the youth with skills relevant to the 21st century.

3. Economic Transformation: Africa should aim for an 8% annual growth rate over the next decade, following the economic trajectories of China and India. Regional development banks should be strengthened to provide long-term financing for infrastructure and industrialization.

4. Technology and Innovation: Africa must develop a bold, indigenized AI agenda to avoid digital colonialism. The continent should invest in cutting-edge strategies and plans to transition from being a consumer to a producer of technology.

5. Regional Integration: The Continental Free Trade Area (CFTA) is a vital step, but regulatory barriers must be addressed. Africa should act as a unified bloc, leveraging its collective strength to negotiate better terms in the global economy.

6. Sustainable Development: Africa must shift to more sustainable economic models, prioritizing environmental conservation and climate resilience. The continent should also develop new funding models to reduce dependence on humanitarian aid.

7. Global Engagement: Africa should engage more actively in the global financial market to secure funding for its development. Partnerships with countries committed to long-term development, such as China and India, should be prioritized.

A Call to Action

Awolọwọ Dosumu emphasized that the webinar was more than an academic exercise—it was a call to action. She expressed hope that the discussions would spark innovative ideas and forge pathways toward a more just, prosperous, and technologically empowered world. The Foundation also announced its intention to partner with the Thabo Mbeki Foundation to implement the recommendations from the webinar.

In closing, the Board of Trustees and the Executive Director of the Ọbafẹmi Awolọwọ Foundation extended their gratitude to all participants, including Mbeki, Sachs, and the distinguished panel of guest speakers, for their invaluable contributions. The event served as a fitting tribute to Awolọwọ’s legacy and a clarion call for Africa to claim its rightful place in the 21st century.

The Nigerian National Petroleum Company Limited (NNPC Ltd) has issued a clarification regarding reports about the crude oil sales agreement with Dangote Refinery.

In a statement released Monday evening, NNPC's chief corporate communications officer, Olufemi Soneye, explained that the Naira-denominated crude oil contract was originally structured as a six-month agreement that will expire at the end of March 2025. Soneye confirmed that discussions are currently in progress to establish a new contract.

According to the statement, NNPC Ltd has supplied over 48 million barrels of crude oil to Dangote Refinery since October 2024 under the current agreement. In total, the refinery has received more than 84 million barrels from NNPC since beginning operations in 2023.

"NNPC Limited remains committed to supplying crude oil for local refining based on mutually agreed terms and conditions," Soneye stated.

The clarification follows a July directive from the Federal Executive Council (FEC), led by President Bola Tinubu, instructing NNPC Ltd to engage with Dangote Refinery and other local refineries to resolve disputes over crude oil supply. The FEC mandated that crude oil be sold to Nigerian-based refineries in Naira, with an expectation that refined products would likewise be sold domestically in the local currency.

The federal government officially started implementation of Naira-based sales of crude oil and refined petroleum products in October.​​​​​​​​​​​​​​​​

In a series of violent attacks across Nigeria, gunmen and terrorists have left a trail of devastation, killing at least 33 people and displacing numerous others in Ondo and Kebbi states.

In Ondo State, suspected bandits attacked four communities in Akure North Local Government Area (LGA) on Sunday, killing at least 20 people. The affected communities—Aba Alajido, Aba Sunday, Aba Pastor, and Ademekun—were targeted in a brutal assault that began last week and escalated on Friday night. A resident, identified as Sunday, recounted the horror, stating that the attackers opened fire indiscriminately while residents were asleep, forcing many to flee into the bush for safety.

"So many ran into the bush, but some unlucky ones were killed in the villages," he said.

Security personnel later recovered several bodies, with many residents still missing and feared dead. Funmilayo Odunlami, the Ondo State police spokesperson, confirmed the incident and stated that investigations are ongoing, with efforts to restore normalcy and apprehend the perpetrators.

Meanwhile, in Kebbi State, the Lakurawa terrorist group launched a deadly reprisal attack in Birnin Dede village, Arewa LGA, killing 13 people and burning eight nearby villages. The attack was reportedly in retaliation for the killing of their leader, Maigemu, by combined military forces supported by Kebbi State Governor Nasir Idris. A villager, Malam Umar, explained that the terrorists spared only one village, which was under military protection.

"We seek protection from Allah against this dreaded group," he said. The Kebbi State Police Command could not be reached for comment at the time of reporting.

These attacks highlight the escalating security challenges in Nigeria, with communities increasingly vulnerable to violence from bandits and terrorist groups.

Rubio says US hostage envoy's direct meeting with Hamas was 'one-off'

President Donald Trump's hostage envoy Adam Boehler's direct meetings with Palestinian militant group Hamas on the release of hostages in Gaza was a "one-off situation" and as of now "hasn't borne fruit," U.S. Secretary of State Marco Rubio said on Monday.

"That was a one-off situation in which our special envoy for hostages, whose job it is to get people released, had an opportunity to talk directly to someone who has control over these people and was given permission and encouraged to do so. He did so," Rubio told reporters en route to Saudi Arabia.

"As of now, it hasn't borne fruit. Doesn't mean he was wrong to try, but our primary vehicle for negotiations on this front will continue to be Mr. Witkoff and the work he's doing through Qatar," Rubio said, in reference to Trump's special envoy for the Middle East, Steve Witkoff.

The discussions between Boehler and Hamas broke with a decades-old policy by Washington against negotiating with groups the U.S. brands as terrorist organizations.

A senior Hamas official on Sunday told Reuters that the meetings between Hamas leaders and Boehler in recent days focused on the release of an American-Israeli dual national being held by the militant group in Gaza.

Boehler told CNN on Sunday that the talks were "very helpful" and, in an interview with Israel's N12 TV channel, he said that the Trump administration was focused on getting all the remaining 59 hostages out and ending the war.

Witkoff told reporters at the White House last week that gaining the release of Edan Alexander, a 21-year-old from New Jersey believed to be the last living American hostage held by Hamas in Gaza, was a "top priority for us".

The Islamist militant group carried out a cross-border raid into southern Israel on October 7, 2023, triggering an Israeli offensive into the Gaza Strip that has killed more than 48,000 Palestinians, according to Gaza health officials.

Hamas militants killed 1,200 people and took 251 hostages, according to Israeli tallies.

 

Reuters

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