According to Kristina Hooper, the chief global market strategist at Invesco.
The risk of a recession in America’s economy has gone up because of the ratcheting up of the trade war.
On Thursday, Trump tweeted that he plans to impose a 10% tariff on the remaining US imports from China and US stocks plummeted on the tweet, a selloff that deepened on Friday.
Cash rushed into ultra-save government bonds, sending Treasury yields to multiyear lows.
Then on Saturday, 20 people were killed and more than two dozen were injured in a mass shooting in Texas and it was said that Trump’s anti-migrant rhetoric led to El Paso shooting, also 9 people were killed and 16 injured in another shooting in Dayton, Ohia today, but no single American asking President Donald Trump to resign or call for a revolution even Trump asked four Democratic congresswomen of colour to leave the States because they criticize his rhetoric and policies.
I wonder what would have happened if one of these congresswomen called for a revolution, without no doubt, the person would be charged with treason and terrorism.
There is no country in the world that doesn’t have contemporary social problems confronting them, we shouldn’t think that the situation in Nigeria is the worse, we should always think positively.
Inspector General of Police, Mohammed Adamu, Saturday in Abuja reacted to a video circulating on the social media by the “s,” inciting Nigerians, home and abroad, to join a planned “revolution” march against the Federal Government on August 5, with the sole aim of forcing a regime change in the country.
Adamu unequivocally said such a call “amounts to treasonable felony and acts of terrorism and will therefore not stand idly-by and watch any individual or group in the society cause anarchy in the land.”
While acknowledging the rights of Nigerians to embark on protest, the police chief noted that
“such rights should not translate to a violent and forceful change of government which clearly is the meaning of revolution.”
He added that Nigeria is a democratic republic and has well-defined processes for change of government, exercised periodically during various cycle of elections.
Adamu, in a statement by the Police Public Relations Officer, Frank Mba, warned
“the organisers, sponsors, allies, supporters, associates and sympathisers of the group ‘Global Coalition…”.
It’s high time Nigerian youths should know that protest or revolution is an outdated and ineffective strategy to bring about a political change in the country, try another strategy.
Instead of Sowore Omoyele and his party, the African Action Congress (AAC) to strengthen the activities of their party through grassroots development programs towards the 2023 General election, by that, they can contribute to the development of the people at the grassroots level, they thought of revolution.
When the Nigerian government and security forces proclaimed the Islamic Movement in Nigeria (IMN) a terrorist organisation, nobody begs them before they suspended the demonstrations.
Initially, IMN was confronted with one problem, how to free its leader, Ibrahim El-Zakzaky but now the group is confronted with two problems, i.e. how to free its leader and how to challenge the government’s proscription in the court even the Iranian government can’t secure the release of Ibrahim El-Zakzaky.
If the African Action Congress (AAC) should go on with its proposed revolution despite the arrest of its chairman, Sowore Omoyele, what befall IMN and IPOB might befall the African Action Congress (AAC), with that the INEC will deregister the party and that would be the end of the African Action Congress (AAC).
The statements made by Atiku Abubakar, Fela Durotoye and Obiageli “Oby” Ezekwesili regards to the arrest of Sowore Omoyele by DSS operatives are worrisome, I asked myself do these people have another country apart from Nigeria or they didn’t know the difference between a call for protest and a call for revolution because if they do, they wouldn’t condemn the arrest of Sowore Omoyele except they are being sentimental.
Meanwhile, the IGP, Mohammed Adamu, has warned that a planned revolution march organised by the Global Coalition for Security and Democracy in Nigeria is an act of treason and terrorism, if Atiku Abubakar, Fela Durotoye and Obiageli “Oby” Ezekwesili thought that to march for revolution is constitutionally guaranteed, then they should join on Monday.
Sowore Omoyele inciting self-immolations, like what helped incite the Arab Spring and some people saying Sowore‘s right to protest is constitutionally guaranteed, maybe those people should set themselves on fire, to show their support for him.
When the World Health Organization (WHO) recommends exclusive breastfeeding up to 6 months of age with continued breastfeeding along with appropriate complementary foods up to 2 years of age or longer, likewise, Mothers should be encouraged to breastfeed their children for at least 1 year, some Nigerians are saying the milk ban policy would rapidly increase the infant mortality rate in Nigeria.
This is what happens when we allow sentiment to take over our mindset, though the Central Bank of Nigeria (CBN) has made it clear that it only restricting foreign exchange (FOREX) allocation for the importation of milk into the country, not that it plans to ban the importation of milk into the country that it had no legal power to take such action.
According to the World Cattle Inventory (FAO) 2019, Nigeria has 20m head, also Nigeria has signed the African Continental Free Trade Area agreement, with these, the government has no choice than to aim at increasing Nigeria’s self-sufficiency for dairy, or else other African countries would flood Nigeria’s dairy market when the trade agreement begin.
Nigeria’s dairy market in 2017 was estimated at $1.5bn with over 85% met through imports and the country’s dairy market potential is estimated at approximately 2 million tons worth about $6.5bn.
Following the signing of the AfCFTA Agreement, President Buhari has approved the establishment of a National Action Committee (NAC) for implementation of the AfCFTA Agreement.
The Committee will be comprised of representatives of Ministries and Agencies with competent and relevant jurisdiction, and selected stakeholder groups from the private sector and the civil society to coordinate the implementation of all the AfCFTA readiness interventions. The Committee will undertake a process of engagement with stakeholders to sensitize them on the opportunities and challenges of the AfCFTA, with preparedness plans for the Nigerian economy.
Upon ratification, Nigeria will domesticate the Agreement by incorporating it into existing laws or enacting new laws, as appropriate engagement shall shortly start with the Ninth National Assembly. On the list of the President’s approval are: fast-tracking domestic work, for the implementation of AfCFTA readiness interventions to enhance productivity, competitiveness and facilitate trade which includes policies to grow local capacity to produce and export goods and services; infrastructure projects, trade facilitation, ease of doing business and trade rules enforcement initiatives. And support, actively, Micro- Small and Medium Enterprises.
Despite persistent political, economic and security challenges across Nigeria, the Consumer Price Index (CPI) which measures inflation rate dropped to 11.22% in June 2019, according to the National Bureau of Statistics.
The inflation dropped by 0.18% points year-on-year basis from the 11.40% recorded in May, likewise, the average price of major food items in Nigeria, like yam, eggs, rice and tomatoes, reduced in June according to the National Bureau of Statistics (NBS).
The country seems to make big leaps forward in manufacturing and technological developments, and boasts huge natural resources, including natural gas. All in all, Nigeria and its inflation seem to be on the upswing – or on the path to stabilization, as it were.
This was part of my response to the Director of Business and Marketing of PT Siantar Top Tbk when he asked how is the situation with kidnapping in Nigeria? Just as I wrote a few days ago that entrepreneurs are pro-government, entrepreneurs help the government to bring in investment either local or foreign investments. If Aliko Dangote has being anti-government, he wouldn’t have been the richest man in Africa.
The Nigerian Postal Service (NIPOST) is a government-owned and operated corporation responsible for providing postal services in Nigeria. It has more than 20,000 employees and runs more than 5,000 post offices and the government want to restructure and commercialise the operations of NIPOST, which will, in turn, give Nigerians six new companies.
The reforms, which include reforming the top management of the organisation, creating commercial business units, diversifying the range of services, and rightsizing the workforce, are aimed at making the postal system self-financing in four years.
One of the six companies expected to break out from the restructuring and commercialisation of NIPOST is microfinance bank, the NIPOST microfinance banks would have structures in the 774 local governments, banking services will be extended to all the under-banked and unbanked communities across the country.
According to the World Bank, only about 40% of adult Nigerians owned bank accounts as of 2017, the proposed NIPOST microfinance is expected to reduce the number of financially excluded persons and provide those in that locality with an opportunity to take a loan of (N)50,000 to do small business and help grow their business.
The other six companies are NIPOST Property and Developing Company, a NIPOST transport and logistics company, a NIPOST e-commerce company and a NIPOST e-government services company apart from the NIPOST digital services company.
Air pollution is one of the biggest threats for the environment and affects everyone: humans, animals, crops, cities, forests, aquatic ecosystems. Here today we are going to look in deep the causes, present air pollution rate in Nigeria and the most importantly, what are the possible solutions to tackle this treat to nature caused by the inhabitants of the earth?
Let’s begins with this; Water, I mean water. Yes, it is no longer enough simply to kill the bacteria contained in a water in order to make it drinkable, since the pollution produced by man has altered the very chemical composition of the natural water supply.
In 1392King Charles VIof France published an edict that outlawed the emission of foul smelling gases in Paris.
Still on the agenda
Air pollution is caused by the presence in the atmosphere of toxic substances, mainly produced by human activities, even though sometimes it can result from natural phenomena such as volcanic eruptions, dust storms and wildfires, also depleting the air quality.
Nigeria produces more than 3 million tons of waste annually, and uncontrolled waste burning is one of the practices that contribute to deteriorating air quality. Almost every Nigerian is exposed to air pollution levels exceeding WHO guidelines and inflicting significant air pollution damage costs.
Air pollution was responsible for about a million premature deaths in Africa in 2016. Nigeria has a mortality for air pollution of 307.4 for every 100,000 people, the second worst in all of Africa. More people die from air pollution in Nigeria than in South Africa, Kenya, and Angola, combined.
Air pollution is a critical risk factor for noncommunicable diseases (NCDs) worldwide, causing about 24% of all adult deaths from heart disease, 29% from lung cancer, 25% from stroke, and 43% from chronic obstructive pulmonary disease (COPD).
Major sources of air pollution in Nigeria include tailpipe exhaust from cars and trucks, smoke from the open burning of residential trash, diesel generators, road dust, industry, and soot from the use of biomass-fuelled cook stoves indoors.
The air pollution levels in cities such as Lagos, Abuja, Port Harcourt, Kano, and in particular Onitsha, a port city on the bank of the Niger River in southern Nigeria, is still at health-damaging level.
Onitsha recorded the world’s worst levels of PM10 (particles of less than 10 micrometers) air pollutants in 2016 with an annual mean concentration of 594 micrograms per cubic meter (μg/m3 ). This was 30 times above the World Health Organization (WHO) annual guideline of 20 μg/m3 for PM10.
Combustion of fossil fuels, like coal and oil for electricity and road transport, producing air pollutants like nitrogen and sulfur dioxide.
Emissions from industries and factories, releasing large amount of carbon monoxide, hydrocarbon, chemicals and organic compounds into the air.
Agricultural activities, due to the use of pesticides, insecticides, and fertilizers that emit harmful chemicals
Waste production, mostly because of methane generation in landfills.
Nigerian government can control Air pollution through the following ways:
1. Renewable fuel and clean energy production
The most basic solution for air pollution is to move away from fossil fuels, replacing them with alternative energies like solar, wind and geothermal.
2. Energy conservation and efficiency
Producing clean energy is crucial. But equally important is to reduce our consumption of energy by adopting responsible habits and using more efficient devices.
3. Eco-friendly transportation
Shifting to electric vehicles and hydrogen vehicles, and promoting shared mobility (i.e carpooling, and public transports) could reduce air pollution.
4. Green building
From planning to demolition, green building aims to create environmentally responsible and resource-efficient structures to reduce their carbon footprint.
In addition, monitoring air pollution levels has become very important to detect pollution peaks, better control air pollution and eventually improve air quality.
To this end, learn how to measure air quality ?
With measuring devices using laser-based technologies, chemiluminescence, flame ionization, etc. These devices are, for instance, located close to the traffic, far from the traffic and close to industrial zones. All the collected data are compiled into a value scale, called the Air Quality Index (AQI).
Indonesia is not a developed country, but an emerging middle-income country which has made enormous gains in poverty and Indonesia has the largest economy in Southeast Asia, just as Nigeria has the largest economy in Africa even Nigeria had an annual average growth of 6.8% from 2005 to 2013, but couldn’t make enormous gains in poverty.
Indonesia continues to be a rising power both in the Association of Southeast Asian Nations (ASEAN) and the G20 because Indonesia has been ably maintained political stability and sustainable economic development is only possible if there is political development. Indonesia learned bitter lessons moving from authoritarian rule to a robust and vibrant democracy and building a dynamic economy after being crippled by the 1997-98 Asian financial crisis.
Indonesia’s reformasi after the Asian crisis of 1997-98 transformed the country and according to McKinsey, Indonesia is poised to become the 7th largest economy by 2030, ahead of the UK and Germany. Their bitter experience has made them drew lines for CORRUPTION and SENTIMENTS, though not 100%, at least to a very low level. If Nigeria can draw lines for corruption and sentiments, it would maintain political stability and that would transform Nigeria into a middle-income country.