Tag: Barack Obama

  • Battles rage ahead of Minsk talks

    Battles rage ahead of Minsk talks

    Fighting has surged in eastern Ukraine as government forces and pro-Russian rebels try to make gains ahead of expected peace talks today.

    Rebels carried out rocket attacks on a key military base and a residential area in Kramatorsk, officials say, killing at least seven civilians.

    Meanwhile, Ukraine’s volunteer Azov battalion has launched an offensive against separatists around Mariupol.

    More than 5,400 people have died since the conflict began last April.

    The leaders of Ukraine, Russia, France and Germany are due to meet in the Belarusian capital Minsk on Wednesday to hammer out a peace deal after months of fighting.

    Russia denies Western and Ukrainian accusations of sending troops and arms to support the rebels and has warned the West that sending arms to Ukraine would worsen the crisis.

    US President Barack Obama said on Monday that he had not ruled out supplying “lethal defensive weapons” to Ukraine if diplomacy failed.

    Earlier, Ukrainian President Petro Poroshenko told parliament that the government’s military headquarters at Kramatorsk airfield had been shelled by rebels.

    At least seven people were killed and 16 wounded when a residential area was also hit, the government-controlled Donetsk regional administration said. Ten people were injured at the military base, it added.

    Kramatorsk, some distance west of the current conflict zone, was the scene of major fighting until July, when pro-Russian separatists retreated.

    Local authorities said the rockets were fired from the rebel-controlled Horlivka area, which is about 50km (30 miles) away from the city. The separatists denied firing the rockets.

    Julia Dzuba, a resident of Kramatorsk who caught the shelling on film as it neared the apartment she lives in with her young child, told the BBC: “I was online, reading news, and then I heard boom, boom!”

    “This is much worse than last summer,” she said. “They are shooting at each other, and we are the ones who suffer.”

  • Barack and Michele’s love story headed for the big screen

    Barack and Michele’s love story headed for the big screen

    The love story of Barack and Michelle Obama is headed for the big screen.

    The forthcoming film, titled “Southside With You,” will center on the day young Barack first convinced Michelle to go on the couple’s now-storied first date.

    Actress Tika Sumpter from the movie “Get On Up” is slated to play the young Michelle Obama (nèe Robinson) in the flick, written and directed by Richard Tanne (“Worst Friends”). No actor has been named for the role of young Barack Obama, though The Guardian speculated possible stars could include musician Drake, actor Michael B Jordan or even “Saturday Night Live” Obama impersonator Jay Pharoah.

    Actress Tika Sumpter is slated to play Michelle Obama (nèe Robinson) in the forthcoming "Southside With You."
    Actress Tika Sumpter is slated to play Michelle Obama (nèe Robinson) in the forthcoming “Southside With You.”

    The indie film has a relative unknown in the director’s chair, but it has a double dose of veteran executive producing talent from women of color: Tracey Bing, a former executive from Warner Independent, and Stephanie Allain, the indie producer behind films like “Hustle & Flow” and “Black Snake Moan.”

    Michelle and Barack’s love story started at the prestigious Sidley & Austin law firm in Chicago where she was a 25-year-old attorney and he was a 27-year-old summer associate.

    On meeting the man who would become her husband, Michelle Obama previously told author David Mendell”So we had lunch, and he had this bad sport jacket and a cigarette dangling from his mouth, and I thought: ‘Oh, here you go. Here’s this good-looking, smooth-talking guy. I’ve been down this road before.’”

     

    These are the events that will be told in the movie.

  • Putin tops Forbes powerful persons’ list

    Putin tops Forbes powerful persons’ list

    For the second year running, Russian President, Vladmir Putin, has been voted the world’s most powerful person by Forbes.

    In a list of the planet’s 100 most powerful people published on Forbes website, the man who strong-armed his way into possession of Crimea and waged an ugly proxy war in neighbouring Ukraine led a strong list that included 17 heads of state, governing nations with a combined Gross Domestic Product of about $48 trillion and 39 company chief executives that control over $3.6 trillion in annual revenues.

    Putin pushed into second place, United States President, Barack Obama, who had topped previous lists, except in 2010, when Hu Jintao, the former political and military leader of China, was number one.

    Chinese President Xi Jinping, who some have described  as his country’s most powerful ruler since Mao Zedong, is number three, followed by Pope Francis in fourth.

    German Chancellor Angela Merkel placed fifth, while U.S Federal Reserve chief, Janet Yellen, moved into sixth position, followed by Microsoft founder Bill Gates and European Central Bank chief, Mario Draghi.

    Google’s Larry Page and Sergey Brin are joint ninth and British Prime Minister, David Cameron, completed the top 10.

    There are 12 newcomers in the 2014 list, including two recently elected leaders – Narendra Modi of India and Egypt’s Abdel el-Sisi.

    Others are – Alibiba founder, Jack Ma and Abu Bakr al-Baghdadi, the leader of the Islamic State.

     

    The top 10 powerful people in the world

     

    S/N             Names                               Ages                Countries

    1               Vladmir Putin                      62                    Russia

    2               Barack Obama                     53                     U.S

    3              Xi Jinping                               61                    China

    4              Pope Francis                         77                   Argentina

    5    Angela Merkel                        60                    Germany

    6     Janet Yallen                            68                     U.S

    7    Bill Gates                                 59                      U.S

    8   Mario Draghi                            67                     Italy

    9   Sergey Brin                               41                     U.S

    9    Larry Page                                41                      U.S

    10     David Cameron                    48                     UK

     

     

  • American elections 2014: Barack the battered

    American elections 2014: Barack the battered

    The midterm elections hold today in the United States.  In this piece, Brian Brown, a former U.S. Consul-General in Lagos and The Nation columnist, contends that while President Barack Obama is not on the ballot, the elections are about him

    Politics is a war of words fought on the battlefield of lies.

    An eagle placed its nest in a high place as is the custom of his kind. Majestic is appearance, this eagle soared the highest skies. People marveled from the ground whenever he took to the air. Despite its rare skills and noble appearance, the eagle was possessed with the liver of a chicken. He quivered at the thought of hunters. Although he flew so high that neither arrow nor bullet could reach him, nightmares of being shot paralysed him with fear. Soon, he stopped flying. Though grounding himself, fear of the hunter persisted. He was struck by an idea he thought brilliant. He would clip his left wing thus rendering himself unable to fly. Upon seeing his sacrifice, the hunters would leave him alone because they would no longer see his high flights as an affront to their honor, the eagle reckoned.  The one-winged eagle thus presented himself to a gathering of hunters.

    After his heartfelt exposition, a hushed silence fell over the gathering.  Silence was quickly broken by flinty laughter. Each hunter grabbed his weapon, rushing toward the eagle as if one great mass with many arms. The startled bird, grabbed its severed left wing. Holding the severed appendage, the eagle could not even flap its lone right wing. Death was ordained. Pierced by dozens of arrows and bullets, the bird swiftly expired. The lead hunter gathered his limp body. He sewed the severed wing in place and mounted the eagle’s stuffed corpse on his wall as his most valuable trophy.

    Congressional elections take place in America today. While President Obama is not on any ballot, the elections are primarily about him. Because the elections will be a referendum on the President, his Democratic Party colleagues stand to lose most contests. Republicans anticipate winning enough congressional seats that they might capture the Senate and strengthen their stronghold on the lower House. Republican capture of the Senate would represent a harsh defeat for President Obama. He would have moved from a President in retreat to one under great siege with no respite and no clear escape except the expiry of his term.

    That the President and his party have come to this point is a disaster significantly of their own making. After winning the 2012 election, Obama and fellow Democrats entertained themselves with the hyperbole that demographic change had resulted in a secular shift in American politics. This shift would provide Democrats a decisive advantage for the foreseeable future. Blacks, Hispanics, youth and women had coalesced to forever throw elections the way of the Democrat. Meanwhile, Republicans had thrust themselves so far to the extreme right on social issues, from immigration to gay marriage, that they had ceased being a saleable commodity to anyone outside their own White conservative base.

    Folly is ubiquitous wherever one substitutes wishful thinking and fairy tales for sound policy and judgment. The Democrats’ belief that they had constructed a permanent winning coalition was more confection than cogent thinking. They dabbled in make believe and have been singed for this foolhardy excursion.

    Believing they had secured the winning edge by courting the abovementioned constituencies, the Democrats did the incomprehensible. They turned their backs on those whose support gave them victory, especially Hispanics and Blacks. Figuring these minorities had no option than the Democratic Party, President Obama and establishment Democrats unnecessarily tugged themselves rightward along the political spectrum.  Believing they had defeated and sealed the doom of the Republicans, Obama and his ilk in the Democratic Party did a silly thing.  They sought to imitate the policies of the Republicans they had laid low. They did this without a thought that they might suffer in 2014 the fate the Republicans experienced in 2012.  It never seemed to dawn on them that, if the choice were between Republicans in Republican garb or Democrats in Republican clothing, those willing to vote between the two obnoxious choices might just select the real thing.

    Consequently, Obama and team did nothing material to advance the core interests of the voting coalition that kept him in office and secured the Senate majority for his party in the prior election. He rewarded those who voted for him with the gift of his indifference. On domestic policy, Obama made sounds about economic reform to revive the middle class and grow the type of jobs that would advance people into the middle class. He also made noise about gun control and immigration. Halfway into his term, he has done little on these promises. Speeches now ring hollow because the people can’t see, eat or clothe themselves in mortal words. They need action. On that front, Obama has seemed a lesser being. Most of his policy actions still lean toward appeasing his political enemies instead of helping his base. He continues mauling his left, most loyal wing.

    He had the opportunity to present an ambitious jobs and infrastructure revitalisation program that would have cemented and inspired his political base into believing once again that positive change was possible during his watch. Even if the proposal would not have passed the Republican-controlled House, it would have served as a banner around which to rally support this election. However, he did nothing of the type. Thus, the most debated domestic issue remains Obamacare. Because the President forwarded the measure, Republicans now abhor it although years ago it was cooked in their kitchen. Their conviction against it is unyielding. Meanwhile, those who would vote Democratic are confused. They are undecided whether the measure helps or hurts them. They don’t rally to it as they would a flag. They peer at it as one does a complex puzzle. No one ever won an election by offering the voters a puzzle.

    Regarding foreign policy, his efforts have been more disastrous. He has faithfully adhered to the advice of neo-conservatives Republicans and interventionist Democrats aligned to international Money Power and the war business machine. They have led him into the bog. This is half true. He knows their advice is terrible but their clout in Washington is immense. This makes their wrath as terrible as their advice. Afraid of incurring their anger, he accepts their counsel knowing full well where it leads. While they are pushing him, he also allows himself to be pushed. History will not provide him the minor solace of claiming he was guided astray. He has assumed the risk of taking advice of those from whom advice is not to be taken. As such, he cast himself into the arms of reckless danger abroad.

    After Russian leader Putin rescued him from error in Syria regarding the chemical weapons dispute, Obama allowed the American hegemonic movement to buffalo him into ushering confrontation and crisis right to Putin’s doorstep in the Ukraine. Still, longing to wring the neck of Syria’s Assad, the neo-conservatives pressed Obama to wage war against a nation that presented no strategic threat to America and a nation that stood as a bulwark against violent jihadists gaining a territorial foothold in the Middle East. For more than two years, American intelligence services have been organizing, arming and equipping anti-Assad fighters in Syria.  A good portion, if not the majority of these fighters, have flittered off to join ISIL, al-Nusra or other extreme groups. Without assistance from America and American allies in the Middle East, ISIL could not have grown into the marauding force it has become. Because of neoconservative legerdemain and Obama’s deficit of policy fortitude, his Administration is trapped in a situation where it  helped armed a dangerous group in one nation, Syria, only to  fight that same group to protect America’s fragile yet costly and diminishing diplomatic-military achievements in neighboring Iraq.

    Last, the Administration’s desultory handling of the Ebola crisis allowed the Republicans to exploit the issue. They spread hysteria, making people believe the White House had fallen asleep in handling the matter although only four Americans have been affected. This reminded people of the clumsy roll-out of Obamacare and of the more recent chaotic influx of immigrants from Central America, casting a shadow of incompetence over the man and his manner of governance.

    Faced with all of this, key aspects of the Democrats’ winning voting coalition were struck with a disturbing realization. They recognized the Democratic establishment saw them only as integral to their electoral coalition but not as key members of a governing pact. They needed Black and Hispanic numbers to win elections but did not think these same people and their interests were valuable enough to give them a place in shaping policy. Obama needed them to get him through the door yet wanted them to remain outside. This was tantamount to driving to the dance in a girlfriend’s car but asking her to remain at the wheel while you go inside to enjoy the festival with another. While engaged to the former, the man is making wedding plans with the latter. No one can blame the loyal girlfriend if she has departed by the time the philanderer emerges from the dancehall. He is left to walk alone.

    This is what has happened to Obama and the Democrats. Since the 2012 election, they have largely ignored the voters who comprised their margin of victory.  Now they ask these people to gear up and vote for them again.  Not enough Blacks and Hispanics are buying the potion. Neither or young voters or women. Obama’s popularity with all these groups has suffered materially. Greater numbers of Black people are voicing disenchantment that two years ago would have been seen as racial treason by the very people now expressing resentment. More women will vote Republican than in 2012.

    As it stands, Republicans will be uncorking champagne and toasting to their return from the dead. Democrats will be lamenting how swiftly victory has redressed itself as defeat. They will be left to eat the bitter gruel of their hubris. For they hated those who helped them and gave themselves over to those who plotted against them. Rarely has the leadership of an entire party been so complicit in the demise of its good fortune.

    Should the Republicans capture the Senate and anneal their grip on the House, there is an even chance that President Obama will face impeachment proceedings before the end of his tenure. If a major crisis intervenes between now and then, the risk climbs to over sixty percent. While some Republicans want him gone now, mostly their intent will not be to thrust him from office but to make his last two years a living hell. Beyond the impeachment threat, Republicans will block even the little things he might have done and will seek to undo the one thing of which he is proudest and which bears his name. They want to attach to his Administration such a messy legacy that no one in his proper mind will contemplate another Black president for decades to come. The destruction of his Administration shall become their great trophy.

    There is always a slight chance the election will not be as harsh for Democrats as predicted. If anything we must learn that electoral politics is dynamic; there are no eternal truths. To assume full knowledge is as foolhardy as to take for granted the blind loyalty of other human beings, especially those you have serially disappointed. No man stands still for long if the place where he stands is sinking sand. To win elections, one must create a decisive coalition. After establishing such a coalition one must govern in a matter that maintains it. The only way the voter maintains faith is for the office holder to remain faithful to the interests of the voter. Democratic governance is essentially quid pro quo. Obama took the quid but withheld the quo.

    President Obama and the Democrats face a bleak Tuesday because they ignored basic principles. Guided by a strange admixture of haughty personal ambition yet fear of Republican conservatism, President Obama and his team came to believe that they could get away with inaction or even the tawdriest of deeds executed for the pettiest of reasons because of the sheer majesty and visible excellence of who they were. Everything becomes excusable because they meant well and are great people; it was just that superior force or irresistible pressure cause them to bend the untoward way. In their arrogance, they believed they could not be blamed for their shortcomings because they saw their failings as those of the great and the anointed. Obama and his group presented the people a false picture of who they were; then they believed the people would stick with them once they exposed their truer, lesser selves.

    But the people did not vote for the Obama that existed, they voted for the Obama that was portrayed. Today, he has asked them to vote for his party once more. If they do so in numbers that will salvage the party in the Senate, it will not be an act of affirmation. It will be an act of forgiveness rivaling in dimension the one the carpenter’s son gave the woman at the well so many years ago.

     

    •08060340825 (sms only)

  • Obama makes rare campaign for Md dem

    Obama makes rare campaign for Md dem

    President Barack Obama made a rare appearance on the campaign trail on Sunday with a rally to support the Democratic candidate for governor in Maryland, though the event was marred somewhat by early departures of crowd members and a yelling heckler.

    With approval levels hovering around record lows, Obama has spent most of his campaign-related efforts this year raising money for struggling Democrats, who risk losing control of the U.S. Senate in the Nov. 4 midterm election.

    Many candidates from his party have been wary of appearing with him during their election races because of his sagging popularity.

    Not so Lieutenant Governor Anthony Brown of Maryland, who is running for governor, and Governor Pat Quinn of Illinois, who is running for re-election.

    “You’ve got to vote,” Obama repeated over and over at a rally for Brown in Upper Marlboro, Maryland, near Washington.

    Democrats have a history of not turning up to vote in midterm elections.

    “There are no excuses. The future is up to us,” Obama said.

    Some 8,000 people turned out for the event, held in a noisy school gymnasium. But a steady stream of people walked out while he spoke, and a heckler interrupted his remarks.

    Obama’s help, or lack thereof, may not matter much to Brown, who is 11 points ahead of Republican opponent Larry Hogan, according to an average of polls by RealClearPolitics.

    Quinn’s race is tighter. He is ahead of Republican Bruce Rauner by 1.8 points, according to the RealClearPolitics average.

    The governor, echoing the president at other Democratic events, encouraged the crowd at Chicago State University to get to the polls.

    Obama picked out people from the crowd whom he knew, and seemed to relish being back in Illinois.

     

  • U.S. rejoices with Nigeria

    The United States (U.S.) has rejoiced with Nigeria on the occasion of the 54th independence anniversary.

    A statement yesterday by the Secretary of State, John Kerry, said: “On behalf of President Barack Obama and the people of the United States, I congratulate Nigerians as you celebrate your Independence Day on October 1.

    “Our people enjoy an enduring partnership founded on shared values of democracy, security, and respect for human rights and the rule of law. The United States and Nigeria must continue working together to thwart destabilising forces that will use violence to undo gains achieved to date through efforts.

    “I was honoured to speak with President Goodluck Jonathan at the United Nations General Assembly last week, and to welcome him to Washington, DC, this summer for the U.S.-Africa Leaders’ Summit. We discussed how our two countries can deepen our partnership through trade and collaboration.

    “I wish all Nigerians a prosperous future on the 54th anniversary of your independence.”

  • White House evacuated after man jumps fence

    A man triggered an evacuation at the White House late Friday after he scaled a fence and made it into the building before being captured.

    US President Barack Obama and his family were not at the White House at the time, though officials and journalists were rushed out of the building during the disturbance that began on the North Lawn around 7:20 pm (2320 GMT) Friday, the Secret Service said.

    Minutes earlier, the first family had left by helicopter from the South Lawn headed for Camp David, the presidential weekend retreat.

    Secret Service spokesman Brian Leary identified the suspect as Omar Gonzalez, 42, from Copperas Cove, Texas.

    “It appeared to responding officers that he was unarmed, which turned out to be true,” Leary added.

    “Gonzalez ignored the commands of those officers to stop and ultimately was apprehended by officers just inside the North Portico doors of the White House.”

    Leary said the suspect was taken to George Washington Hospital for a medical evaluation.

    Gonzalez was suffering from chest pains, according to a law enforcement official.

    “Any time someone jumps the fence, there is a security breach and the Secret Service has to balance security with access and reasonableness,” the official added.

    “The location of the arrest — the White House — is not acceptable to the Secret Service.”

    The official noted the incident would be reviewed closely.

  • Nigeria to lift trade frontier in U.S.-Africa relations

    Nigeria to lift trade frontier in U.S.-Africa relations

    President Barack Obama deserves commendation for instituting a new engagement with Africa. Bringing trade relations to the fore, even if the traditional concerns for security and good governance remain on his agenda, is especially laudable.

    For some, the recently concluded U.S.-Africa Leaders Summit, represents a fitting recovery from what had appeared as general apathy towards Africa. When finally he decided to broadly engage with African leaders, President Obama looked beyond the traditional model that has been criticised as paternalistic.

    In the past, the focus was on dolling out U.S. aid to Africa, in a relationship in which the hand of the giver was always on top. Even more commendable is that, as the U.S. contemplates deepening commercial relationship with Africa, it looked beyond the traditional sector of trading oil and few other extractive commodities.

    Nevertheless, Africa commands this new attention. In the last ten years, Africa has significantly shed the image of war and deprivation. Economic growth has been steady, averaging estimated five per cent yearly, according to the International Monetary Fund (IMF) and the World Bank. Constitutional democracy has taken root in most African countries. Evidence of improved governance is seen across Africa, and economic reform initiatives — like the ones enunciated in the Transformation Agenda of President Goodluck Jonathan of Nigeria — have improved market performance, unlocked private sector resources and, consequently, helped to expand the middle class.

    Africa remains resource-rich. But the new attraction for the continent, especially from China, recognises so much that Africa has to offer and what it needs for further progress. Africa has become more aspirational than it had ever been or even taken to be, aware it has the capacity to give even as it takes from development partners. As a result, a win-win approach is being realised in engaging the African continent.

    China has gained the head start advantage over the United States and Europe in commercial relations with Africa this new term. Indeed, as the West loses the momentum for trade with Africa, even so has China pushed its appetite for African economic engagement.  It is an open secret; China’s trade with Africa has been on the increase. It rose from $166 billion in 2011 to $210 billion in 2013. In the same period, U.S. trade with Africa dwindled from $125 billion to $85 billion. Africa has opened the door to China’s knock on the door of African opportunities. While this is happening, for debatable reasons, the U.S. beats a retreat. The policy justification for U.S. exit cannot be because of the traditional concerns of insecurity and bad governance. These issues have improved significantly over the past decade. Perhaps, the changing structure of U.S. trade interest, because of increased energy security at home, provides an explanation. Nevertheless, the $33 billion investment commitment by the Obama administration and U.S. investors in power and other industries during the recent meetings in Washington DC is a commendable reawakening.

    There is no doubt that Africa’s trade with the West, particularly the United States, has important and unique values. Well-recognised is sharing of best practices. Even if African leaders had been reticent towards policy prescriptions, the evidence now is that the continent shares the values of representative government, open and transparent policy and economic freedom for the private sector to drive growth and prosperity. Moreover, the riches of Africa’s diversity accommodate multiple, external players, on the basis that Africans themselves are also investing in the continent and are establishing functional commercial partnerships. Yes, we have abundant natural resources. But even more importantly, we have the population to support production of consumer products. Africa’s demography — about one billion people which comprises a higher youth population — tells that long-term viability of investments cannot be in doubt. In Nigeria, the services sector is now the biggest contributor to our Gross Domestic Product. The opportunities seem boundless.

    Because U.S. businesses have largely overlooked African opportunities, and the U.S. press have yet to shed the old stereotypes in reporting the continent (although the European press have made better progress with objective and balanced reporting of Africa), it will be useful to highlight some of the attributes of the African growth story and the investment opportunities. Nigeria is a fitting example, because of scale, homogeneity of policy around private sector development and commonality of Africa’s aspirations. The Federal Government protects private investment. One of the ways this is affirmable is respect for contract. Competitive bidding has been the hallmark of licensing and sales of public assets in the country after the last of the military interregna 15 years ago. This ensures deals are transparent and valid. The reform of the legal and regulatory frameworks has been pursued with vigour since 1999, helping to define engagement, making contracts binding and making rules clearer and less whimsical.

    As we affirm at the Nigerian Export-Import Bank, the Nigerian opportunities are not concentrated in oil and gas. At NEXIM Bank, we have identified manufacturing, agro-processing, solid minerals and services as areas of big opportunities; not just for commercial profit, but also for socially impactful businesses through local employment and empowerment. In these sectors, Nigeria seeks to create opportunities for a vibrant youth population with realistic wage structures. Broader investment in these high growth and job-rich sectors will enhance wealth creation, broader base prosperity and increase demands, in a virtuous cycle.

    General Electric is one of the U.S. major businesses that have recognised the business potentials in the infrastructure gap in Nigeria and the bright policies of the Jonathan Administration to harness the potentials. GE is investing in the Nigerian power sector where we intend to increase output five folds over the next decade. The ripples of substantial progress in meeting Nigerian power sector demands will prove that the country is very well able to grow in double digits for a long time, given current seven per cent GDP growth at a time industrial activities and enterprises are stifled by power shortage from the national grid. But in pursuing progress, public investments in infrastructure have been substantial even as private sector investment in power generation and distribution has towered, in contradistinction to when it was zero up till a few years ago. However, more private sector investment is necessary in infrastructure and power to accelerate progress.

    Partnerships are working in Nigeria. Public-private partnerships have delivered projects and unlocked potentials. Similarly, private sector partnerships are thriving. GE has been operating in Nigeria through business partnerships with local investors, who themselves are successful, savvy and understand the local environment. In Washington DC last month, GE and Heirs Holding led by Nigerian Mr. Tony Elumelu, further demonstrated the working of private sector partnerships by deepening relationship with the new deals they announced.

    Similarly, Africa’s richest man, Aliko Dangote entered project partnership with Blackstone-backed Black Rhino, in a $5 billion investment in infrastructure development. With policy support from the administration of President Jonathan, Nigerian small and medium scale businesses are growing. They are viable prospective partners to U.S. SMEs who want to invest abroad to generate new businesses and develop new markets.

    It is in the area of private sector partnerships that Nigeria will provide the lift for the new commercial engagement of the United States with Africa. Using the familiar proclivity of the Nigerian diaspora to succeed, and the achievements of those in the U.S., the average Nigerian at home is self-motivated to succeed. We have embraced the principle for self-actualisation in business. Nigerian businesses are successfully raising capitals in the international markets. A number of Nigerian banks and non-financial services providers are multinationals in their own rights, having subsidiaries in several countries in Africa. A few are listed in the London Stock Exchange, the Johannesburg Stock Exchange and in Canada, closer to the US. These vibrant businesses will help U.S. businesses to quickly gain traction and gain market share as partners.

    Nigeria is not just the biggest economy in Africa; it is the regional hub for West Africa. For businesses looking at Africa, Nigeria provides the base for further outreach to cover West and Central Africa. The two sub-regions account for over 400 million population. Intra-regional trade amongst these two sub-regions is significant when we consider Africa’s trade without factoring in extractive commodities. The traditional trade relation is receiving a boost by the efforts of NEXIM Bank to facilitate a private sector shipping company to provide maritime trade links between West and Central Africa. The Sealink project is coming to financial close, following investment interests by African investors. This initiative will help remove non-tariff barriers to intra-Africa trade.

    Moreover, the past five years have witnessed NEXIM Bank’s funding interventions in Nigerian SME manufacturers who now export to West Africa and beyond.

    In the short term, a security challenge exists with the insurgency in the North Eastern part of the country. Efforts are being made to contain the threats. Longer-term, the efforts of the Federal Government will come into fruition with its recognition that a society that promotes prosperity through the right combination of investments in its people and infrastructure will remove the desperation and some of the other incentives that drive criminal activities.

    Lastly, Nigeria recognises the importance of civil society engagement. Civil engagement has been the hallmark of the administration of President Jonathan, which promoted the national conference that recently concluded. Under the Administration, elections have become more transparent, conclusive and less acrimonious. Opposition parties freely engage, and have criticised the government without any untoward consequences. It is this civility and democratic ethos that further assures that Nigeria is the place to do business, even as Africa is ready for business.

  • Obama to  discuss  US response  to Ebola

    Obama to discuss US response to Ebola

    US President Barack Obama will discuss the country’s response to the Ebola virus disease outbreak in West Africa with health officials on Tuesday, the White House has said.

    Obama will travel to the US Centres for Disease Control and Prevention (CDC) in Atlanta on that day to receive a briefing on the spread of the Ebola virus and discuss the US response to the crisis, White House spokesman Josh Earnest said.

    The president would also thank scientists, doctors and healthcare workers who were helping those affected by the disease.

    The US government has already committed more than $100 million to help combat the Ebola outbreak, which has killed more than 2,400 people in West Africa.

    In addition, Obama will also receive an update from CDC officials on the respiratory illness that’s been reported in several states across the US Midwest, Earnest said.

  • U.S. surveillance planes fly over Syria

    U.S. surveillance planes fly over Syria

    President Barack Obama has authorised surveillance flights over Syria in order to gain intelligence on the activities of Islamic State (IS), marking the first step towards US air strikes inside Syria, where the jihadist group controls vast swathes of territory.

    The US is already carrying out strikes against IS in neighbouring Iraq.

    On Monday, the Syrian government said it would work with the international community in the fight against IS.Western governments have so far rejected suggestions that they collaborate with President Bashar al-Assad in an attempt to counter the growing regional threat posed by IS.They have repeatedly called on Mr Assad to step down since the beginning of the three-and-a-half year uprising against his rule, in which more than 191,000 people are believed to have been killed.

    On Monday evening, US officials said Mr Obama had approved over the weekend reconnaissance flights by unmanned and manned aircraft.

    One official later told the Associated Press that they had already begun.

    The US military has been carrying out aerial surveillance of IS – an al-Qaeda breakaway formerly known as Isis – in Iraq for months and launched air strikes on 8 August.

    The president cited the threat to US diplomats and military personnel and the humanitarian crisis in the north, where hundreds of thousands of people have fled their homes since June as IS fighters and allied Sunni rebels have taken control of dozens of cities, towns and villages.

    Mr Obama has resisted taking military action in Syria, but Pentagon officials are said to have advised him that the only way the threat from IS can be fully eliminated is to go after the group there.

    A spokesman for Gen Martin Dempsey, chairman of the US Joint Chiefs of Staff, said the Pentagon was “preparing options to address Isis both in Iraq and Syria with a variety of military tools including air strikes”.

    The options reportedly include targeting IS leaders in and around their stronghold of the northern Syrian city of Raqqa, as well as in the east near the Iraqi border.

    Last week, IS published a video showing it killing the American journalist James Foley, who was abducted in Syria in 2012. The group threatened to kill other US citizens it was holding in retaliation for US air strikes.

    It later emerged that US special forces had attempted to rescue the hostages in July, but that they were not at the location in Syria where the military thought they were being held.

    One Obama administration official told the New York Times that the US did not intend to collaborate with the Assad government or inform him in advance of any operation.