Trump slams Nigeria’s import ban, says it affects American exporters

CC™ PersPective

Nigeria’s import ban on 25 different product categories impacts U.S. exporters, particularly in agriculture, pharmaceuticals, beverages, and consumer goods, the United States Trade Representative said in a statement on Monday.

According to the statement posted on its X platform, Nigeria’s restrictions on items like beef, pork, poultry, fruit juices, medicaments, and spirits limit U.S. market access and reduce export opportunities.

These policies create significant trade barriers that lead to lost revenue for U.S. businesses looking to expand in the Nigerian market.

The country’s reaction comes at a time when tensions are rising over its sweeping tariffs imposed on several countries.

Last week, the Trump administration imposed various tariffs ranging between 10 per cent and 65 per cent on different countries across the world, including Nigeria which got a 14 per cent tariff on its exports to the United States.

Nigerian stocks on Monday recorded their biggest drop in recent times following the impact of U.S President Donald Trump’s tariffs on global trade markets.

Investors lost about N659 billion at the close of trading after the Nigerian Exchange’s All Share Index (ASI) decreased by 1.23 percent, its biggest single-day decline this month.

Stocks like Oando and Honeywell Flour Mills helped to push the market lower. Oando decreased the most, from N42 to N37.80, down by N4.20 or 10 percent, while Honeywell dropped from N11.32 to N10.19, losing N1.13 or 9.98 percent.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation decreased from the preceding day’s 105,511.89 points and N66.147 trillion, respectively, to 104,216.87 points and N65.488 billion. The Nigerian market’s return this year has decreased to +1.25 percent.

Countries such as China have since said they would retaliate from the imposed tariffs.

China vowed on Tuesday to “fight to the end” against fresh tariffs of 50 percent threatened by US President Donald Trump, further aggravating a trade war that has already wiped trillions off global markets.

The Minister of Finance, Wale Edun, on Monday said that the Federal Government will boost non-revenue as a means of cushioning the adverse effects to trade tariffs imposed on countries by President Trump.

Edun also assured that the Economic Management Team (EMT) will meet to assess the likely impact of the 14 per cent tariff on goods exported from Nigeria to the United States.

He said the EMT will afterwards, make recommendations to cushion its impact on the nation’s economy.

Edun, who was speaking at an event organised by the Ministry of Finance Incorporated on Monday, said that while the adverse effect on Nigeria will be through an oil price plunge, the government is intensifying efforts to ramp up oil production and boost non-oil revenues.

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Dominican Republic: Nightclub Roof Collapses, Kills 27 Including Governor

CC™ PersPective

The governor of the northern Montecristi province, Nelsy Cruz, was among those who have died.

Rescue workers have been searching for survivors in the rubble of the Jet Set club, director of the Centre of Emergency Operations, Juan Manuel Mendez, said.

There were 134 ambulance transfers to different hospitals, which Mr Mendez said could be the equivalent of 150 to 160 patients.

He added that many people were still expected to be alive, adding that authorities “will not give up until not a single person remains under that rubble”.

The cause of the roof collapse was yet to be ascertained.

Among the injured is Dominican singer Rubby Perez, who was performing when the roof collapsed.

His manager, Enrique Paulino, whose shirt was spattered with blood, told reporters at the scene that the concert began shortly before midnight, with the roof collapsing almost an hour later, killing the group’s saxophonist.

Mr Paulino said: “It happened so quickly. I managed to throw myself into a corner.”

He added that he initially thought there had been an earthquake.

Dominican Republic President Luis Abinader wrote on X: “We deeply regret the tragedy that occurred at the Jet Set nightclub. We have been following the incident minute by minute since it occurred. All relief agencies have provided the necessary assistance and are working tirelessly in the rescue efforts. Our prayers are with the affected families.”

Mr Abinader arrived at the scene and hugged those looking for friends and family, some with tears streaming down their faces.

HERITAGE TIMES

No country has developed under democracy — Burkina Faso President

CC™ PersPective

Captain Ibrahim Traoré, Burkina Faso’s interim leader, has dismissed the notion that democracy is a prerequisite to development.

Traoré said it is difficult to pinpoint a country whose development is attributable to democracy as a system of government.

According to him, it is false to believe any country has developed under a democratic system.

The military leader said this recently during a flag-raising ceremony at the Koulouba Palace.

He clarified that Burkina Faso practices what he called “a popular, progressive revolution,” adding that democracy has no place in his country.

“If we have to say it loud and clear here, we are not in a democracy, we are in a popular, progressive revolution.

“We must necessarily go through a revolution, and we are indeed in a revolution. So this question of democracy or libertinism of action or expression has no place. As much as you think you are free to speak and act, the other is also free to speak and act, and there we end up with a society of disorder.”

“It is impossible to name a country that has developed in democracy. Democracy is only the result,” Traoré said.

The 37-year-old military officer emerged as Burkina Faso’s interim leader following the September 2022 coup d’état that ousted interim president Paul-Henri Sandaogo Damiba.

Fulani Terrorists Declare War on Edo State With The Acquiescence

 CC™ VideoSpective

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The Corruption at CAF and Patrice Motsepe’s agenda against the West African Football Union (WAFU)

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In leaked audio, Atiku allegedly admits to setting up channels for corruption

CC™ Politico

The presidential candidate of the Peoples Democratic Party (PDP) Atiku Abubakar, has been accused of complicity regarding bribery and misappropriation of public funds.

This came to light in a viral audio shared by Atiku’s former aide, Michael Achimugu, where the former vice-president allegedly admitted to having collected N100 million bribe from Mr Joshua Dariye, a former Plateau State governor, which was paid directly to Marine Float, one of the three firms he registered.Play audio 

In the audio recording which Achimugu claimed was with Atiku, the former Vice President is heard explaining how he set up an ‘SPV -Special Purpose Vehicle’ to receive monies from corruption-related dealings.

During his tenure as governor from 1999 to 2007, Dariye was found to have stolen N2 billion in public funds. He was found guilty of criminal misappropriation and criminal breach of trust.

“When the governor sent donations, he sent it to Marine Float. It stayed in Marine Float. One of the subscribers of Marine Float was Otunba Fasawe. That was where the N100 million went to. It did not go to Atiku Abubakar. It went to Marine Float. Marine Float was a special-purpose vehicle,” Atiku revealed in the YouTube phone recording.

Atiku said the Economic and Financial Crimes Commission had afterwards “very thoroughly” investigated Marine Float accounts but had still not “discovered anything” connecting him to the company’s fraudulent practices.

The former vice president also described how he was in charge of establishing onshore shell companies to operate as a conduit for taking large sums of money from public works contracts for himself and former President Olusegun Obasanjo.

He said, “What happened was when we came into office and I advised the president against open corruption.

“I told him to give me three people you trust and I will prepare three companies in which they will be subscribers or rather the directors.

“So that if there is any contract that we give they will act like consultants and they are given a fee. That fee is what we use to fund the party.”

Atiku was accused by Nigerian senators in 2007 of misusing more than $100 million (£51 million) in taxpayer money for personal gain.

A Senate investigation suggested that Atiku be prosecuted for diverting funds to businesses he was associated with.

After the then-president, Obasanjo, transmitted accusations made against Atiku by Nigeria’s anti-corruption agency, the Senate opened the investigation.

The investigative panel acknowledged in a report given to the Senate that it concurred with the conclusion that Atiku had abetted in the transfer of $145 million from Nigerian government accounts to banks.

The panel’s research and conclusions, though, had no effect.

The Orphan That Killed Tesla

CC™ VideoSpective

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Barbarians at the gate - How America mortgaged its future on the altar of MAGA

CC™ Editor’s Review

By Editor-in-Chief

The administration of Donald J. Trump has predicated its policies on ‘cleaning the swamp’. 

Here are the facts:

1) 8 of Trump’s cabinet picks donated almost half-a-billion dollars to his (Trump’s) re-election campaign. While the influence of large campaign donors on policy making is a recurring concern across administrations, the scale of these donations with regard to the incoming Trump administration, raises valid concerns about cronyism and how these relationships might shape policymaking. 

2) Department of Government Efficiency (DOGE)

The establishment of the DOGE with figures like Elon Musk (and Vivek Ramaswamy at the onset), underscores broader concerns about potential conflicts of interest. Tesla’s historical receipt of government funds to innovate in clean energy contrasts with any policy that undermines competitors like Rivian. Canceling Biden-era funding for Rivian, as Ramaswamy had intimated, could:

•Stifle competition in the EV market, undermining innovation.

•Harm Georgia’s economy if the promised 8,000 jobs fail to materialize.

•Reinforce perceptions of favoritism, potentially benefiting Tesla.

3) Regulation Rollbacks

A loosening of regulatory oversight, particularly in critical sectors like healthcare and aviation, could indeed have far-reaching consequences. Historical examples suggest that deregulation:

•May increase corporate profits but often at the expense of public safety or service quality.

•Risks weakening consumer protections, as seen in sectors like banking and energy following similar moves in the past.

4)  Broader Implications

My concern (and that of many well-meaning folks) is about how concentrated wealth and political influence can blur the lines between public service and personal gain. While Trump’s policies have long championed deregulation as a driver of economic growth, the balance between efficiency and accountability will ultimately define public perception of his governance.

Policy Implications for the EV Industry as a result of the possible actions of DOGE and the impact of deregulation, using the Healthcare and Aviation industries as test cases:

Policy Implications for the EV Industry

The competition between Tesla and newer players like Rivian is central to understanding the potential effects of DOGE’s decisions. Here are the key points:

1. Market Competition and Innovation

•Favoritism Risks: If Rivian loses the $6 billion promised by the Biden administration while Tesla continues benefiting from previous subsidies, the playing field could tilt significantly in Tesla’s favor. This reduces competition, which is vital for innovation and cost reduction in the EV market.

•Job Loss and Economic Impact: The proposed Rivian factory in Georgia would generate around 8,000 jobs, directly boosting the local economy. Its cancellation could harm not only the state’s workforce but also U.S. efforts to expand domestic EV manufacturing capacity.

2. Global Leadership in EVs

•Policies favoring one company over others may hinder the U.S.’s ability to compete globally, especially with countries like China, which dominates the EV supply chain and production. A diverse domestic EV ecosystem is critical to achieving energy independence and global competitiveness.

3. Public Perception and Policy Credibility

•Rolling back Rivian’s funding while Tesla remains dominant could spark accusations of bias or corruption, undermining public trust in government energy policies.

Impact of Deregulation

Deregulation in sectors like healthcare and aviation often has mixed results, with both short-term gains for businesses and long-term risks for consumers and workers.

1. Healthcare

•Impact on Safety Standards: Deregulation could loosen controls on drug approvals, hospital standards, and medical device quality. While this might accelerate innovation and reduce costs for companies, it risks patient safety if oversight is weakened.

•Access and Affordability: If deregulation leads to the consolidation of insurance companies or healthcare providers, patients may face fewer options and higher prices in the long run.

2. Aviation

•Safety Concerns: The aviation industry is highly regulated to ensure passenger safety. Reduced oversight could increase the risk of accidents or mechanical failures, as was seen in the aftermath of deregulation in the 1980s. We have already seen that with the tragic air mishaps in Washington D.C. and Philadelphia. 

•Cost vs. Quality Trade-offs: While deregulation might lower ticket prices, it often comes at the cost of service quality (e.g., reduced legroom, increased fees, or overbooked flights).

With no guard rails in place for the incoming Trump administration, balancing efficiency and oversight will be a tall order as Trump will not be favorably disposed to the concept of independent watchdogs. 

Furthermore, policies that support fair competition, especially in the EV industry, through the encouragement of a diverse marketplace that engenders innovation across multiple players, will be abandoned for archaic and authoritarian policies that promote favoritism and stifle competition.

The basic premise for the creation of DOGE was to promote  transparency around funding and policy decisions. It was supposed to help rebuild trust and reduce perceptions of corruption.

Under Trump, with Musk as the main anchor, realizing that aforementioned noble premise will be at best, an illusion. 

America and Americans are in for a long and painful ride. 

Scott Bessent - Access to cheap goods is not the essence of the American dream”

CC™ VideoSpective

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CC™ Investigative: The Northern "usual suspects" behind Boko Haram as Nigerians search for answers to the violent insurgency

CC™ Investigative

By Tayo Busari

When then National Security Adviser, late Rtd. General Andrew Owoye Azazi  blamed the rise of insurgence by the fundamentalist sect, Boko Haram in the country on the internal wranglings of the ruling People’s Democratic Party (PDP) and other political parties, he naturally made many in the corridors of power uncomfortable, at the time.

Not surprisingly and rather mysteriously, he was "killed" when his helicopter exploded over the skies of Bayelsa State after having been let-go by then President Goodluck Jonathan.

The late General Azazi (shown below) was obviously privy to information regarding the real details behind Boko Haram. His position as the National Security Adviser at the time, put him at the head of that information. If anyone were to be in the know regarding the real truth behind the upsurge in the Islamic sect's violent insurgence, it had to be someone like Azazi as the nations top security head.

Former President Goodluck Jonathan had on several occasions admitted that they knew who was behind Boko Haram, and these were top level officials, mostly of Northern extraction.

Gen. Azazi explicitly declared to his audience, who was behind the unrest. He narrowed it down to the result of ‘unconstitutional’ PDP convention regulations, which determined who could run for President vs who could not run.

He went on further:

"The extent of violence did not increase in Nigeria until there was a declaration by the current president that he was going to contest. PDP got it wrong from the beginning, from the on-set by saying Mr A can rule, Mr A cannot rule, Mr B can rule, Mr B cannot rule, according to PDP’s convention, rules and regulation and not according to the constitution {applause} and that created the climate for what has manifest itself, this way. I believe that there is some element of politicization. is it possible that somebody was thinking that only Mr. A could win, and if he did not win, there will be problems in this society. Let’s examine all these issues to see whether the level of violence in the North East just escalated because Boko Haram suddenly became better trained, better equipped and better funded, and in any case how did they get it all done…{warning of Boko Haram becoming snipers – who could potentially target elite}
But, then I must also be quick to point out that today, even if all the leaders that we know in Boko Haram are arrested, I don’t think the problem would end, because there are tentacles. I don’t think that people would be satisfied, because the situations that created the problems are not just about the religion, poverty or the desire to rule Nigeria. I think it’s a combination of everything. Except you address all those things comprehensively, it would not work."

Intelligence sources have informed CC™ that although former President Jonathan knew (and still knows) exactly who the sponsors of Boko Haram are, he lacked the courage and political will to bring them to task as the "usual suspects" were actually aligned with Jonathan on ensuring that he got re-elected in the 2015 elections as long as he (Jonathan) "played ball".

One name did however stand out of the three "usual suspects" CC™ was able to gather credible information about. It was that of then Minister of Defense, Rtd. General Aliyu Mohammed Gusau. 

Gusau was always an ambitious man and those who know him very well not only say he is very "loyal", but they also pointed to a rather glaring trail in his professional dossier - he (Gusau) had always been in the "thick of the action" in just about every administration in Nigeria, from Babangida (a serial coup plotter himself) to Jonathan.

However, one thing always stood out, more-so in the administration of Nigerian Christian leaders from the South, namely Obasanjo and Jonathan; there was always insecurity of a religious nature that he (Gusau) although placed in charge of managing, had seemingly always found a way to allow spiral out of control. 

Gusau's history with Boko Haram is a rather interesting one. According to  TheNationOnline, 01/01/2012, "hardline allies of Jonathan’s went further, suggesting that northern rivals within the PDP – such as Generals Ibrahim Babangida and Aliyu Mohammed Gusau – have covert ties to Boko Haram." Ironically, Jonathan however continued to have the ear and vice-versa of Ibrahim Babangida and Aliyu Gusau.

Earlier as the NSA under former President Olusegun Obasanjo, Gusau had told Obasanjo that "there was no evidence of such a group as Boko Haram in 2006 although there had been evidence to the contrary as far back as 2005. 

Here is an excerpt:

PMNews, September 14, 2011: Sources, however, indicated that the Azazi’s predecessor as NSA cannot be absolved of blame. It was gathered that the the issue of al-Qaeda affiliated cells in the North-East part of the country was pointed out to former President Olusegun Obasanjo as far back as 2006. It was noted for instance that Boko Haram, termed the “Nigerian Taliban”, had been operating in the clear since 2005 when General Aliyu Gusau (rtd.) was NSA. The former president was said to have in turn asked Gusau to investigate the issue. But Gusau, according to reports, told Obasanjo that no such group existed in the country.It was gathered that the same issue of Taliban presence in Nigeria was raised with the late President Umaru Yar’Adua in July 2007. “Goodluck Jonathan became President of Nigeria upon the death of Umaru Yar’Adua in May 2010. Former NSA Aliyu Mohammed Gusau was once again made National Security Adviser. Gusau could not possibly have missed the threat of Boko Haram. If his security operatives failed to raise the matter in their reports then the public statements released by Boko Haram and printed verbatim in Nigeria’s national newspapers should have raised questions from the NSA, if not alarm,” said Steven Davis, a public commentator. “The handling of the Boko Haram matter while Gusau was NSA resulted in a dramatic escalation in the conflict to the stage that it threatened the nation’s security,” he added.

Many media articles accused Aliyu Mohammed Gusau et al of being the terror mastermind(s) behind Boko Haram. 

An arms cache at the time in Kano with Hezbollah agents was linked to him and according to sources, he was under investigation with the result once again swept under the rug. 

It was under Gusau as NSA that Boko Haram acquired all their weapons and reigned terror. Gusau did nothing to check these terrorists. He even, according to Steven Davis as reported in PM News on Sept. 14, 2011, protected Boko Haram by telling then President Obasanjo that the group did not exist. 

This, despite series of attacks by the group. Gusau did not make any security report on the group, then called “Nigerian Taliban,” the paper alleges and Gusau even ordered the release of captured terrorists on the request of some Northern leaders, namely the Sultan of Sokoto, Muhammadu Sa'ad Abubakar III, a former security detail of former dictator, Rtd. General Ibrahim Babangida. 

This is not surprising as Sultan Abubakar is on record as having condemned the crackdown on Boko Haram.

In his capacity as NSA (three times to be precise) in Nigeria’s history, Gusau failed woefully and invariably assisted Boko Haram in becoming the menace they now are, with hundreds of thousands of deaths to their credit to date.

It remains puzzling that Jonathan appointed a man who actually retired as NSA to contest for the Nigerian Presidency against him (Jonathan), as Defense Minister when everything pointed to the fact that Gusau, in addition to being grossly inept (as his record had shown), had a history of being "soft" in his response to Islamic militant insurgencies in the past and was therefore not the logical answer to ensuring the outright defeat of Boko Haram.

Gusau and his Northern mischief makers, who are nothing short of avaricious predators, are now witnessing the proverbial chicken coming home to roost, with the recent trend of events.

The fact remains that Northern feudalism and its staunch protagonists remain the secret hands behind Boko Haram, the Fulani Herdsmen terrorists and all Islamic fundamentalist movements. Former President Buhari, the Sultan of Sokoto, Muhammad Sa’ad Abubakar, and Nasir El-Rufai, just to name a few, were the most recent ‘incumbent’ facilitators of these violent and murderous terrorists. That is a fact!

Asking the thief to watch the house was essentially what Nigerians were doing, by expecting the Buhari administration to safeguard the lives and property of Nigerians.

The soft response (born out of parochial mischief) of the Buhari administration to the menace of the Fulani and Islamic terrorists, while at the same time engaging in extra-judicial killings of IPOB members in the South-East of Nigeria, was evidence of a clandestine acquiescence to the activities of the Northern terrorists by the Buhari government.