News
Warren Buffett’s $143 Billion Fortune to Be Donated After His Death
Warren Buffett, the 6th richest person in the world, has chosen to donate his entire $143.1 billion fortune to charity after his death.
His three children, Howard, 69, Susie, 71, and Peter, 66, will be in charge of distributing the money to charities of their choice over the course of 10 years.
Howard, set to become Berkshire Hathaway’s nonexecutive chairman, acknowledged the challenge, stating, “It’s not so easy to give away money if you want to do it smart.”
Despite the difficulty, he expressed gratitude for the opportunity, noting that they would work together as a family to ensure the funds are used wisely.
Since 2006, the siblings have donated over $15 billion of their father’s money through their own foundations.
Howard also emphasized that he believes wealthy people should give away their fortunes during their lifetimes, rather than leaving it in perpetual foundations.
News
Ngozi Okonjo-Iweala Says Nigeria Lacks a Maintenance Culture
The Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, has spoken on Nigeria’s economy, stating that the country lacks a good maintenance culture.
She said “The fact is that endowments alone do not add value. Budgetary allocations alone do not lead to new roads or good maintenance.”
“We lack a maintenance culture in the country. I have to say that. I’m Nigerian, but we need that. We need better ports and digital infrastructure, and lower trade costs. Execution is what matters, and successful execution requires focus. It requires prioritisation.”
News
Peter Obi Criticises President Tinubu’s Statement on Hunger
Politician and former presidential candidate Peter Obi speaks on President Bola Tinubu’s comments regarding the rising hunger and worsening economic situation in Nigeria.
It can be noted that the President recently stated that hunger has always existed in Nigeria.
Peter Obi responded “I watched with deep concern the statement made by President Bola Tinubu to the Catholic Bishops, that there has always been hunger in Nigeria, even before he was born.”
“While it is true that hunger has been a part of human life and has existed in our country for decades, such a statement appears insensitive to the plight of the millions of Nigerians who face worsening economic hardship today.”
News
Nigerian Army Launches New IED Training Programme
Reports have been shared stating that the Nigerian Army has launched a new programme designed to train and improve the skills of engineers in tackling threats posed by Improvised Explosive Devices (IEDs).
The seminar is being organised by the 41 Engineer Brigade of the 1 Division Nigerian Army.
It was stated “Improvised Explosive Devices have become one of the greatest security threats confronting the Nigerian Army in ongoing counter-insurgency operations. Their widespread use has complicated military operations and humanitarian activities in conflict-affected areas.”
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