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‘Only Buhari Can Look Obasanjo In The Eye And Survive It’ – Adesina

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images 29 1 'Only Buhari Can Look Obasanjo In The Eye And Survive It' – Adesina

Femi Adesina, Special Adviser on Media and Publicity to the President, Major General Muhammadu Buhari (retd.), says only his principal has enough confidence to confront former President Olusegun Obasanjo, tell him his honest opinion on things “and survive it”.
Obasanjo and Buhari have a few things in common. Obasanjo was Nigeria’s military head of state between February 13, 1976, and September 30, 1979. He later became a civilian President from May 29, 1999, to May 29, 2007. Buhari also ruled as military head of state from December 31, 1983, to August 27, 1985, before returning as a democratically elected leader on May 29, 2015.
Adesina, in a piece titled, ‘Buhari Applause For Akinwumi Adesina’, compared Obasanjo to “America and some other world powers”, adding that “you have every right to shiver in the broiling sun” when they come after you.
But the President’s spokesperson, in the piece published on his website on Friday, said, “President Buhari stood against the wishes of America on AfDB Presidency” and supported the re-election bid of African Development Bank President, Akinwumi Adesina.
The African banking institution and its President were in the eye of the storm earlier this year over allegations of impropriety levelled against Akinwumi Adesina by some whistleblowers working in the bank.
However, the 60-year-old former Nigerian minister of Agriculture, who became the first Nigerian to helm the AfDB in 2015, had insisted he was “innocent” of the charges.
The bank’s Ethics’ Committee, which first investigated the allegations, gave him a clean bill that was accepted by the Board of Governors but the United States outrightly rejected the report and demanded a fresh probe by an independent body.
The independent panel headed by former Irish President, Mary Robinson, also cleared all allegations levelled against the AfDB President.
Akinwumi Adesina was then sworn in on September 01, 2020, for another five-year term after getting a 100 percent vote of all regional and non-regional members of the Bank.
Commenting on the development, Buhari’s spokesperson wrote, “The strife is o’er, the battle done. But it was by no means easy. It took so much: tact, diplomacy, guts, deft footworks, prayers, yes, prayers, and so many other things.
“But today, we can noise it all around. Dr Akinwumi Adesina is now elected for another five-year term as President of the African Development Bank.
“If America and some other world powers come after you, you have every right to shiver in the broiling sun. It’s like Chief Olusegun Obasanjo telling you to dismount from the horse of leadership in Nigeria. Only a Muhammadu Buhari can look him straight in the eyes, and say; No sir. And survive it.”
Quoting Buhari’s reaction to Akinwumi Adesina’s victory, the President’s spokesperson said, “He (Adesina) deserves it (re-election as AfDB president).”
He, however, noted that Buhari would not have supported the AfDB President if “Adesina had peradventure been tainted with the slightest whiff of corruption or any other unethical act.”

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The Emir of Zazzau Alhaji Shehu Idris has died l Fact Print

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Alhaji Shehu Idris,

The Emir of Zazzau, Alhaji Shehu Idris, has passed away this morning, August 20, in Abuja.

Earlier this year, the King celebrated his 45th year on the throne of Zazzau.

He was the 18th king of the Zazzau kingdom from the Fulani tribe, who died at the age of 84.

Sources in the kingdom said he had been rushed to hospital on Friday, where he succumbed to his injuries.

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How FG Delegation To Silicon Valley Benefited Nigerian Startups – Osinbajo

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images 13 4 How FG Delegation To Silicon Valley Benefited Nigerian Startups - Osinbajo

Vice President Yemi Osinbajo has outlined how is trip to the Silicon Valley in the United States has benefitted Nigerian start-ups, some of whom have gotten funds to grow their business.
Osinbajo disclosed this milestone when he spoke on the Fire Side Chat with Nick Clegg, Facebook VP of Policy and Communication, a former Deputy Prime Minister of the United Kingdom.
He explained that there have been active partnerships between Nigerian start-ups and some US tech firms, assuring Nigerians that more investment is expected to pour in.
“Both tours were extremely successful. At the Silicon Valley, Nigerian start-ups got a chance to pitch their products to tech sector investors, that was very good, in fact before we left Silicon Valley, one of our venture platforms was able to sign a deal of about $10m with the Nigerian US Council, even before we left,” he said
“Since then we have seen tremendous activities post-trip. We were also at the Facebook campus, which was an absolute delight, we enjoyed being around there, seeing the excitement and a great deal of energy that was encouraging for many start ups seeing at close quarters what a comparable giant was doing, and I think this was very helpful.”
He explained that the entertainment sector has also benefitted from his trip to Hollywood. “Asides from that, we think that the visit helped in showing our seriousness of the tech sector and through the entertainment industry also, we did quite a few meetings also with the entertainment industry.”
“In fact, as of 2018/2019, we had gotten about $377million in investments in the tech sector. This is excellent even though it is still scratching the surface if one considers the size of our economy and the size of the country, but there were very significant gains and I am very happy to have been able to do it.”
“Of course, two visits or one visit doesn’t ever answer the various challenges, but I think we started the interactions that have been very useful and we will continue to engage.”
Speaking on how government will fix the challenges and manage the peculiarities of Nigeria’s tech and creative industry, he said, “With regulation, we are dealing with uncharted territory, because quite a few of what we are seeing are entirely new, and I must say that the regulatory authorities have done quite a decent work, trying to grapple with some of the newness of the things that they are seeing.
“For example, we worked on the payment services licenses, these are licenses for fintech companies that are doing some kind of banking type jobs but are not deposit banks, we had to create some room for them, and what has happened is that a collaborative effort of government, and the tech and entertainment sector worked on this and set up a technology and creativity advisory group, and these are young innovators, entrepreneurs etc. who worked with us on the industrial and competitiveness council to craft some of these regulations and to think through some of these problems.”
“Those licenses were particularly important because it carved out space that was previously dominated entirely by deposit money banks. Of course you know that they are the least willing to have their lunch taken away from them.”
“There have been other ways that the government is trying to fix the issues such as access to credit, which we have worked very hard to ensure that there is some access to credit for innovators, we’ve spoken a bit about foreign investments in Nigeria, but more importantly, what the Bank of Industry is doing is creating a tech fund, the CBN has also established a technology fund and we are working with the AfDB which has a $500m fund which we are at the final stage of trying to bring that into existence.”
“So there is quite a bit going on in order to ensure that there is access to funding while we are improving the environment for business as well as the environment for tech companies to operate. I think that one thing that is certain is the change in the technology space which is so rapid that you know, regulators are practically chasing after the innovation, to see how best to regulate without stifling these companies.”
Speaking on the amended National Broadcasting Commission code, he said, “The NBC code you mentioned is one where there is activity around and we are trying to take a second look at it, there are those who say it is anti-competitive and there are those who claim that it is pro competition.”
“It is one which I think we should take a second look at. Basically what it says is that if you have a licensed product, for TV or film, you are expected to share it with other platforms.”
“I understand the argument of those who say it is a violation of copyrights and intellectual properties in other ways which is a very strong point and which is why I think it deserves to be given a second look and see where there are ways of moderating that to be more acceptable, so as not to stifle the works of very hardworking creative people who are creating content in film, music etc.”

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Osinbajo , Facebook ‘ s Vice President To Hold Informal Chat Today

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images 2020 09 18T102448.124 Osinbajo , Facebook ' s Vice President To Hold Informal Chat Today

Vice President Yemi Osinbajo and Facebook’s Vice President, Policy and Communication, Nick Clegg, are set to hold a virtual informal chat on Facebook on Friday.
Facebook, in a statement issued on Thursday, said the chat would be held as part of its activities during the United Nations General Assembly (UNGA).
The 75th session of the U.N. General Assembly commenced on Tuesday with a moment of silence against the unprecedented backdrop of the Coronavirus pandemic.
It will close on Sept. 22.
Facebook said that the event, which would be moderated by Omowale David-Ashiru, Vice President, Global Operations at Andela, would explore the growth of digital economy in Nigeria.
According to the statement, the session will also highlight Facebook’s role in economic development across Sub-Saharan Africa.
“As the Chair of Person of Nigeria’s Economic Sustainability Committee, Vice President Osinbajo will highlight the importance of digital technologies, innovation hubs and private equity funding in ensuring economic growth and development in the country,” it said.
The session would also provide Osinbajo a platform to share further insight into Nigeria’s Post-COVID Economic Recovery Plan (ERP), Facebook said.
The company stated that the 45-minute virtual event will be streamed on Facebook Live.

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