Connect with us

News

Former President Obasanjo Voices Concerns Over Nigeria’s Growing Debt

Ikechukwu Emmanuel

Published

on

In a recent interview , former Nigerian President Olusegun Obasanjo expressed grave concerns over the escalating debt of Nigeria, highlighting a stark contrast between his tenure and the current fiscal situation. Obasanjo, who served from 1999 until 2007, reflected on the economic conditions during his administration, revealing that he left Nigeria with a substantial financial cushion.

At the end of his presidency, Obasanjo noted that Nigeria’s debt had been significantly reduced. He recounted inheriting a debt overhang of approximately $36 billion, which he managed to decrease to between $3.5 billion and $3.6 billion. Additionally, he transformed the country’s foreign reserves from a mere $3.7 billion upon taking office to an impressive $45 billion by 2007

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Entertainment

Val Kilmer, Acclaimed Actor, Passes Away at 65.

Ikechukwu Emmanuel

Published

on

Hollywood mourns the loss of Val Kilmer, the acclaimed actor known for his diverse and memorable roles, who passed away in Los Angeles on Tuesday at the age of 65. His daughter, Mercedes Kilmer, confirmed the news.

Kilmer, a prominent figure in 1990s cinema, achieved widespread recognition for his performances in iconic films such as “Top Gun,” “The Doors,” where he embodied Jim Morrison, and “Tombstone,” where he portrayed Doc Holliday. He also donned the cowl as Batman in “Batman Forever.” His extensive filmography includes significant roles in “Heat,” “The Saint,” “Willow,” and the recent “Top Gun: Maverick.”

Beyond his on-screen achievements, Kilmer’s career was marked by periods of controversy and fluctuating box office success. He was reportedly diagnosed with throat cancer in 2014, though he later recovered.

Val Kilmer’s talent and dedication to his craft will undoubtedly be remembered by audiences for years to come.

Continue Reading

Foreign

Case Dismissed: Federal Charges Against Mayor Adams Dropped.

Ikechukwu Emmanuel

Published

on

On Wednesday, District Court Judge Dale Ho dismissed, with prejudice, the federal criminal case against New York City Mayor Eric Adams. This action effectively terminates the possibility of the Department of Justice (DOJ) resurrecting the five-count indictment against the Democrat in the US District Court in Manhattan.

The dismissal follows a controversial request by the Trump administration, nearly two months prior, to drop the corruption charges. The DOJ argued that prosecution would impede Mayor Adams’ ability to govern New York City and collaborate with the administration’s immigration enforcement policies.

The request prompted significant internal dissent, culminating in the resignation of seven federal prosecutors, including the acting Manhattan US attorney. Their departure underscores the contentious nature of the decision to seek dismissal and the ethical questions it raised within the Department. The “with prejudice” ruling solidifies the finality of this complex and closely watched legal battle.

Continue Reading

Entertainment

Mayorkun Considers Relocation Amidst Rising Trend of Nigerian Celebrities Abroad.

Ikechukwu Emmanuel

Published

on

Afrobeats artist Mayorkun, known for hits like “Mayor of Lagos,” has publicly expressed his contemplation of relocating abroad. In a recent post on X, the singer stated, “I dey reason to japa [relocate].”

Mayorkun’s sentiment echoes a growing trend among Nigerian celebrities. The past decade has witnessed a significant exodus, with notable figures such as Tacha, Eldee, and Genevieve Nnaji among those who have chosen to relocate. This trend, further exemplified by Banky W’s move to the United States for educational pursuits last year, highlights concerns regarding current socio-economic conditions within Nigeria. The reasons behind these decisions are multifaceted and warrant further observation as more prominent figures weigh similar options.

Continue Reading

Trending