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“We Must Clothe Nigeria in the Garment of Productivity” – Peter Obi Urges At Liverpool Event

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Peter Obi, the former Governor of Anambra State and presidential candidate in Nigeria’s 2023 elections, served as the guest speaker at Liverpool John Moores University (LJMU) on Wednesday.

The event, organized by The Liverpool Commonwealth Association, drew a host of notable attendees, including Mr. Mark Blundell, Lord-Lieutenant of Merseyside and representative of King Charles in Liverpool, Richard Kemp, Lord Mayor of Liverpool, and Tim Nicholl, Vice-Pro Chancellor of LJMU Business School.

Garth Dallas, Chair of The Liverpool Commonwealth Association, and Cllr Vanessa Boateng JP, General Secretary of the Liverpool Commonwealth Association, were also present.

In his address, Peter Obi spoke passionately on the theme “Harnessing the Commonwealth Advantage for Trade and Investment.”

He emphasized the potential of the Commonwealth, a global political and economic alliance comprising 56 member nations, most of which are former territories of the British Empire.

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With over 2.5 billion people—representing nearly a third of the world’s population—and a combined GDP of over $13 trillion, the Commonwealth, Obi said, offers vast opportunities for growth and development.

He noted that this figure is projected to grow to $20 trillion by 2030, providing an unparalleled opportunity for member states to tap into.

Obi stressed that over 60% of the Commonwealth’s population is under 30 years old, representing a vast pool of energy, talent, and innovation.

According to him, this youthful demographic presents a unique advantage for the Commonwealth, which can be leveraged for sustainable economic prosperity.

He called for deeper cooperation between member states to harness the Commonwealth’s resources, promoting inclusive growth, fostering innovation, and driving sustainable development.

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He argued that lowering barriers to trade, encouraging investment, and fostering collaboration across borders would significantly benefit all member states.

Focusing on Nigeria, Obi provided a critical analysis of the country’s low trade contributions to the Commonwealth, attributing it to a lack of productivity that has long hindered Nigeria’s potential.

“For us in Nigeria, this is a wake-up call,” Obi said, urging that Nigeria must break free from the chains of a consumption-driven economy and embrace a production-led model.

He warned that without a focused and aggressive push toward productivity, Nigeria would continue to lag behind, unable to contribute meaningfully to the Commonwealth’s growing economic power.

To turn the tide, Obi proposed practical solutions aimed at jumpstarting Nigeria’s economy.

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He advocated for heavy investment in agriculture and a focus on supporting micro, small, and medium-sized enterprises (MSMEs) through favorable fiscal and monetary policies.

He highlighted the importance of creating an enabling environment for businesses by adhering strictly to the rule of law.

Obi stressed that both foreign and local investors are more likely to invest in Nigeria if they trust that the business climate is stable, predictable, and corruption-free.

In calling for reforms, Obi said that Nigeria should aspire to transition from its current model of heavy consumption to a more productive economy.

“We must clothe our nation in the garment of productivity and set the wheels of production in motion,” he declared.

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According to Obi, this transition is vital for Nigeria to realize its full potential and take its rightful place as a significant contributor to the economic power of the Commonwealth.

Beyond Nigeria, Obi’s speech also echoed a broader call to action for all Commonwealth member nations.

He urged leaders and policymakers across the Commonwealth to recognize the alliance’s potential as a vehicle for mutual prosperity.

“The Commonwealth is uniquely positioned to lift multiple nations by ensuring that the prosperity of one member state has ripple effects on others,” he said.

He underscored the need for member states to leverage their shared history, cultural ties, and economic relationships to deepen trade and investment cooperation.

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The Lord-Lieutenant of Merseyside, Mark Blundell, and Richard Kemp, Lord Mayor of Liverpool, praised Obi’s insightful speech, emphasizing the importance of strengthening Commonwealth ties, especially in the face of global economic challenges.

Garth Dallas, Chair of the Liverpool Commonwealth Association, echoed Obi’s views, stressing the need for greater collaboration among Commonwealth nations to drive sustainable growth.

Peter Obi’s message was clear: a new Nigeria is possible, but the road to achieving that vision requires decisive action.

His speech resonated not just with Nigerian attendees but with Commonwealth leaders as well, many of whom see the Commonwealth as an underutilized engine for global development.

Obi’s words serve as a reminder that, with the right leadership and policies in place, Nigeria and other Commonwealth countries can tap into their collective potential to foster economic advancement and social development.

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His vision of a “new Nigeria” and a stronger Commonwealth echoed loudly in the halls of Liverpool John Moores University, leaving the audience inspired and hopeful for the future.


 

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El-Rufai Says Tinubu Didn’t Like Him and He Was Closer to Buhari

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Former Kaduna State Governor, Nasir El-Rufai, has revealed that President Bola Tinubu never liked him, even when they were both part of the ruling All Progressives Congress (APC). El-Rufai made the comment during an interview on Arise Television’s ‘Prime Time’ on Monday.

He described himself as a loyal supporter of former President Muhammadu Buhari during their time in the party and mentioned that he was much closer to APC chieftain and former Osun State Governor, Bisi Akande. “Tinubu never really liked me. We didn’t have that relationship. In the APC, I was seen as Buhari’s boy,” El-Rufai said. “The person I worked closely with was Baba Akande.”

Speaking further, El-Rufai expressed doubts about the possibility of a new coalition political party emerging under the current leadership of the Independent National Electoral Commission (INEC), led by Prof. Mahmoud Yakubu. He compared the current INEC boss to his predecessor, Prof. Attahiru Jega, who oversaw the registration of the APC during his tenure, hinting that the political environment now is less open to such developments.


 

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Tension Eases as Trump Declares “Complete and Total” Israel-Iran Ceasefire

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After nearly two weeks of rising clashes between Israel and Iran, former U.S. President Donald Trump has announced what he called a “complete and total” ceasefire between both countries. He made the declaration on Monday evening, saying the agreement would officially take effect within 24 hours. This announcement follows a chaotic period that saw the U.S. launching heavy airstrikes on Iranian nuclear sites, while Iran fired missiles at Al Udeid Air Base in Qatar, a location used by U.S. forces.

While Trump shows his confidence in the ceasefire deal, things on the ground suggest otherwise. Iranian officials quickly denied agreeing to any formal truce. Their foreign ministry did hint, however, that they might reduce military action; but only if Israel also holds back.

Israel, on the other hand, claimed they picked up fresh missile launches from Iranian territory shortly after the ceasefire was announced. In response, Israel reportedly prepared new airstrikes, though Iran denied any fresh attacks from their side.

International observers say the situation remains very fragile. There’s still no clear written agreement detailing how both sides will back down, especially concerning Iran’s nuclear activities, which was the cause of the dispute.

The news of the ceasefire brought quick reactions from the global economy. Oil prices dropped sharply, sliding more than 3% as traders relaxed over possible disruptions in the Middle East, especially around the vital Strait of Hormuz, a key route for global oil supplies. Stock markets also rallied. U.S. futures climbed nearly 1%, while Gulf country’s financial markets bounced back by up to 3%. European and Asian stocks posted gains as well, as investors bet on lower risks in the region. Meanwhile, gold prices and U.S. treasury yields dropped, and the dollar weakened, signaling that traders are betting central banks

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US Bombs Iran’s Nuclear Sites as Iran Fires Missiles Back and Tensions Rise in Gulf

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The tension between the United States and Iran has taken a serious turn after both countries exchanged military strikes in the past few days, putting the entire Gulf region on edge. It all started on Friday, June 21, when the U.S. military carried out a heavy airstrike operation called Operation Midnight Hammer. Using stealth bombers, submarines, and precision-guided missiles, the U.S. hit three of Iran’s major nuclear sites located deep underground in Fordow, Natanz, and Isfahan. According to U.S. officials, those sites were targeted to weaken Iran’s nuclear program and stop any further development.

The U.S. government later said the mission was successful, claiming significant damage was done to Iran’s nuclear facilities. President Trump also warned that America was ready to strike again if Iran pushed back.

Not long after, Iran responded.

In the early hours of Sunday, June 23, Iran launched several missiles toward U.S. military bases in Qatar and Iraq, calling their counterattack Operation Tidings of Victory. Reports from Qatar confirmed that most of the missiles were intercepted, and no casualties were recorded, but Iran described the strike as a strong warning to Washington.

Additionally, Iran’s parliament passed a controversial bill threatening to shut down the Strait of Hormuz, a vital sea route where almost a quarter of the world’s oil passes through daily. If Iran follows through with this threat, it could disrupt global oil supply and send fuel prices soaring.

Meanwhile, the U.S. is not taking chances.

Thousands of American troops have been deployed to the Gulf region, alongside warships, submarines, fighter jets, and missile defense systems. Two major aircraft carriers; the USS Carl Vinson and the USS Nimitz; are already stationed in nearby waters, ready for action if needed. The situation has left countries in the region on high alert. Leaders in Saudi Arabia, Qatar, the UAE, and other Gulf states are calling for calm while strengthening their own security. There are also concerns that Iran might use allied groups like Hezbollah or militias in Iraq to launch attacks indirectly.

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Globally, Russia and China have openly criticized the U.S. strikes, describing them as dangerous. The United Nations held emergency talks, urging both sides to avoid further violence. However, oil prices surprisingly dipped slightly, as many traders believe the situation might cool down through diplomacy before it disrupts oil supplies.

In the U.S., political debates have broken out. Some lawmakers, including Republicans and Democrats, have raised questions about whether the President had the authority to carry out the strikes without full approval from Congress. Others argue the strikes were necessary to prevent Iran from advancing its nuclear program. For now, both sides appear to be watching each other closely. The U.S. has made it clear they are ready for further military action, while Iran has promised more retaliation if provoked.


 

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