News
Vice President Shettima to Market Nigeria to Global Audience at Davos- Tuggar
Vice President Shettima to Market Nigeria to Global Audience at Davos- Tuggar
By: Michael Mike
Nigeria’s Vice President is expected to market the country to global audience at the 54th Annual Meeting of the World Economic Forum presently holding in Davos, Switzerland.
The Forum started on Monday 15th January and it is expected to end on Friday, 19th January, with series of meetings lined up for the leader of the Nigeria’s delegation, Vice President Kashim Shettima.
A statement by the Nigeria’s Minister of Foreign Affairs Ambassador Yusuf Tuggar on Monday, said Nigeria’s resilient business climate resonates with the agenda of the 54th Annual Meeting of the World Economic Forum; the 2024 edition with the theme Rebuilding Trust.
The statement which was signed by the spokesman of the Minister, Alkasim Abdulkadir noting that the intention of the meeting held annually in Davos, Switzerland, is to provide a crucial space that offers solutions to global challenges facing countries, especially transiting countries, said: “This year, the organizers of WEF have taken a step back and focused on the fundamental principles of driving trust, including transparency, consistency and accountability. All these soundly resonate with the Renewed Hope Agenda of President Bola Ahmed Tinubu, which is propelled by a commitment to unleashing the country’s full economic potential through focusing on job creation, access to capital for small and large businesses, inclusivity and, most importantly, the rule of law which underpins WEF’s theme for this year.”
Tuggar revealed that Nigeria’s Vice President Kashim Shettima, alongside 52 other Heads of State, including Xi Jinping, President of the People’s Republic of China, and Olaf Scholz, Chancellor of Germany, as well as over 1,500 CEOs and Chairpersons of the largest companies in the world, are expected at the global event.
He said the Vice President during the weeklong Forum is expected to engage with top global investors at the Meeting and participate in a series of programmes designed for Nigeria, including a Country Strategy Dialogue on Nigeria.
He added that the Nigeria’s delegation at Davos will be part of the Country Strategy Dialogue on Nigeria, which s a roundtable that will be chaired by Vice President Shettima – with the expected participation of 60 global CEOs/Chairs.
The Minister also said Nigeria is expected to have a stakeholder dialogue entitled “Transforming Energy Demand” to discuss what companies and governments can do to enable economic growth with less energy, where Minister of Petroleum Resources will be on the panel of discussants representing the Vice President.
The Vice President is also scheduled to hold a private meeting with Dolf van den Brink, Global Chief Executive Officer, Heineken to discuss areas of partnerships and collaboration and later in the same day attend another stakeholder dialogue entitled “Treating Soil as a Precious Resource to discuss ways of tackling the trilemma of food access and affordability, nutrition and health, as well as nature and climate, where he would be represented by the Minister of Industry, Trade & Investment, according to Tuggar.
Foreign Affairs Minister said the Vice President will privately meet James Quincey, Global Executive Chief Officer of Coca-Cola Company, with the engagement ending with a private dinner with Klaus and Hilde Schwab; noting that the dinner brings together Heads of State, Government, and International Organisations as well as members of the Board of Trustees, the International Business Council, and Strategic Partners.
Tuggar also revealed that the Vice President is scheduled to have a private breakfast entitled Driving Action Under the African Continental Free Trade Area, where the Forum Friends of the African Continental Free Trade Area (AfCFTA) coalition brings together heads of state, ministers, chief executives, and heads of international organisations to support the implementation of the AfCFTA agreement through public-private collaboration, and at noon, the Vice President will be represented at a private lunch event entitled “IGWEL: Lunch-Restoring Faith in the Global System” by himself (the Minister of Foreign Affairs).
Tuggar explained that this Informal Gathering of World Economic Leaders (IGWEL) convenes policymakers and business leaders to discuss what an effective multilateral system can look like and how to strengthen faith in global cooperation, adding that equally, the Vice President will host a private country-focused session entitled “Country Strategy Dialogue on Nigeria,” which will delve into the priorities of the Nigerian government and engage in a dialogue about the country’s economic path. He disclosed that the Nigeria Reception is a cultural and entertainment event to be hosted by Vice President Shettima and the ministerial delegation. It will feature Nigerian food, music, national ethos and culture. An estimated 600 participants are expected at the event.
Tuggar further stated that Nigeria’s participation at the Forum’s Annual Meeting provides an opportunity for Vice President Shettima to woo foreign investors to Nigeria. He also expressed optimism that Nigeria’s attendance holds great economic benefits for the country.
The World Economic Forum was established in 1971 as a not-for-profit foundation with its headquarters in Geneva, Switzerland, and the Forum engages the foremost political, business, cultural, and other leaders of society to shape global, regional, and industry agenda.
Vice President Shettima to Market Nigeria to Global Audience at Davos- Tuggar
News
Cuba Blames U.S. Sanctions for Deepening Energy Crisis, Responds Cautiously to Reported $100m Aid Offer
Cuba Blames U.S. Sanctions for Deepening Energy Crisis, Responds Cautiously to Reported $100m Aid Offer
By: Michael Mike
The government of Cuba has intensified accusations against the United States over the island’s worsening electricity and economic crisis, while cautiously welcoming reports of a proposed $100 million American aid package amid growing humanitarian concerns.
In separate statements issued this week, Cuban President Miguel Díaz-Canel and government officials argued that the country’s severe power shortages, fuel scarcity, and economic hardship are direct consequences of decades-long U.S. sanctions and what Havana described as an increasingly aggressive “energy blockade.”
The latest developments come as Cuba experiences one of its most difficult periods in recent years, marked by prolonged blackouts, shortages of food and medicine, rising inflation, and mounting public frustration.
Díaz-Canel said the situation affecting Cuba’s National Power System had become “especially tense,” with authorities forecasting a deficit of more than 2,000 megawatts during peak evening demand.
According to the Cuban leader, fuel shortages alone were responsible for preventing the generation of at least 1,100 megawatts of electricity, significantly worsening blackouts across the country.
He accused Washington of deliberately obstructing fuel supplies to Cuba by threatening sanctions and punitive measures against countries and companies willing to trade with Havana.
“This dramatic worsening has a single cause: the genocidal energy blockade that the U.S. has imposed on our country,” Díaz-Canel declared.
The Cuban president argued that recent improvements in electricity supply during April demonstrated the direct relationship between fuel imports and power generation capacity.
He noted that the arrival of a single fuel tanker — out of the eight Cuba reportedly requires monthly — temporarily reduced electricity deficits and mitigated blackouts, though outages did not disappear entirely.
Díaz-Canel further accused sections of the U.S. media and political establishment of attempting to portray Cuba’s economic crisis as solely the result of government mismanagement while ignoring the impact of sanctions and economic restrictions.
According to him, neither the decades-old U.S. embargo nor the additional sanctions imposed during the administration of former President Donald Trump had succeeded in overthrowing the Cuban Revolution.
He alleged that more recent executive measures targeting fuel supplies, foreign trade, and investment in Cuba were specifically designed to increase suffering among ordinary citizens and provoke unrest against the government.
Despite the criticism, Havana has also reacted cautiously to reports that the United States Department of State had formally proposed an aid package valued at $100 million for Cuba.
In a separate government statement, Cuban authorities said it remained unclear whether the proposed assistance would come in the form of direct financial support or material aid such as fuel, food, or medicine.
The Cuban government said it was prepared to consider foreign aid offered in good faith and expressed openness to working with the Catholic Church in implementing humanitarian support efforts.
“We are willing to hear the details of the offer and how it would be implemented,” the statement said, while warning against any attempt to use humanitarian assistance for political leverage.
Havana maintained that the most meaningful support Washington could provide would be the easing of economic, commercial, financial, and energy restrictions imposed on the island.
Cuban officials argued that sanctions had intensified “as never before” in recent months, severely affecting nearly every sector of the economy and worsening living conditions for millions of citizens.
The latest exchange reflects the complicated and often confrontational relationship between Havana and Washington, which has remained strained for more than six decades despite intermittent attempts at diplomatic rapprochement.
While Cuba insists that U.S. sanctions are the central driver of its current crisis, critics of the Cuban government continue to point to structural inefficiencies, state control of the economy, and policy failures as major contributors to the country’s prolonged economic difficulties.
Nevertheless, the apparent willingness of both sides to discuss humanitarian assistance suggests a potentially significant, though cautious, opening for limited engagement amid escalating hardship on the island.
Cuba Blames U.S. Sanctions for Deepening Energy Crisis, Responds Cautiously to Reported $100m Aid Offer
News
Troops Arrest Suspected Gunrunner in Taraba State
Troops Arrest Suspected Gunrunner in Taraba State
By: Zagazola Makama
Troops of Operation Whirl Stroke (OPWS), in collaboration with Defence Intelligence Agency operatives and local vigilantes, have arrested a suspected gunrunner in Ardo-Kola Local Government Area of Taraba State.
Security sources said the arrest was made at about 7:45 a.m. on May 13 during an intelligence-led operation at Iware community in the area.
The suspect was reportedly apprehended following credible intelligence linking him to arms trafficking activities within the Amaseyo general area.
Preliminary interrogation revealed that the suspect was allegedly involved in illegal arms dealing, prompting his immediate arrest by the joint security team.
The suspect is currently in custody and undergoing further investigation, while security agencies say efforts are ongoing to dismantle arms trafficking networks operating within the state and surrounding areas.
Troops Arrest Suspected Gunrunner in Taraba State
News
Troops Rescue Kidnap Victim During Patrol in Kogi
Troops Rescue Kidnap Victim During Patrol in Kogi
By: Zagazola Makama
Troops of the Nigerian Army under Operation MESA have rescued a kidnap victim abandoned by suspected terrorists along the Obajana–Jakura–Tajimi axis in Lokoja Local Government Area of Kogi State.
Security sources said the rescue operation was carried out at about 9:00 a.m. on May 13 by troops of 12 Brigade during a fighting patrol along the old Obajana–Jakura–Tajimi road.
According to the report, the troops discovered the victim after suspected kidnappers abandoned him while fleeing from the advancing security personnel.
The rescued victim was subsequently reunited with his family after the operation.
Security patrols and clearance operations have continued along the route and adjoining communities as part of ongoing efforts to combat kidnapping and other criminal activities in the area.
-
News2 years agoRoger Federer’s Shock as DNA Results Reveal Myla and Charlene Are Not His Biological Children
-
Opinions4 years agoTHE PLIGHT OF FARIDA
-
News1 year agoFAILED COUP IN BURKINA FASO: HOW TRAORÉ NARROWLY ESCAPED ASSASSINATION PLOT AMID FOREIGN INTERFERENCE CLAIMS
-
News2 years agoEYN: Rev. Billi, Distortion of History, and The Living Tamarind Tree
-
Opinions4 years agoPOLICE CHARGE ROOMS, A MINTING PRESS
-
ACADEMICS2 years agoA History of Biu” (2015) and The Lingering Bura-Pabir Question (1)
-
Columns2 years agoArmy University Biu: There is certain interest, but certainly not from Borno.
-
Opinions2 years agoTinubu,Shettima: The epidemic of economic, insecurity in Nigeria
