Skip to main content

Posts

Showing posts from January 14, 2025

President Yoon of South Korea Explains Why He Agreed to Appear Before Corruption Investigation Office

President Yoon Suk Yeol explained that his decision to appear before South Korea’s Corruption Investigation Office (CIO) was because of his choice to avert violence and further political instability amidst the nation’s ongoing turmoil. Despite labeling the investigation as illegal, Yoon stated his willingness to comply in order to "prevent any unsavoury bloodshed," signaling his recognition of the broader stakes involved. His appearance comes as part of an inquiry into charges of insurrection following his controversial declaration of martial law in early December, a move that plunged the country into a constitutional and political crisis reminiscent of authoritarian eras long thought to be in the past. The political landscape of South Korea was dramatically reshaped within two weeks in December, a period marked by swift and intense upheaval. On December 3, President Yoon unexpectedly declared martial law, citing the need to protect democracy from perceived ...

Media Reports Explain Why Eric Chelle Decided to Meet Top Super Eagles Players Abroad as He Takes Over

Media reports explained that Eric Chelle, the newly appointed coach of Nigeria’s Super Eagles, is embarking on a strategic European tour in order to build relationships with the team’s senior players and set the foundation for a cohesive squad under his leadership. This decision reflects his intent to establish personal connections with key players and communicate his tactical vision directly. His approach is aimed at fostering trust and unity within the team, critical for achieving success on the international stage. The tour follows his official unveiling by the Nigeria Football Federation (NFF) in Abuja, marking a proactive start to his tenure. Before departing for Europe, Chelle will spend time observing the home-based Super Eagles squad as they prepare for the 2024 African Nations Championship (CHAN). This early engagement allows him to assess local talent and explore the potential for integrating home-based players into his broader team strategy. His presence in dom...

Research Firm Explains Why Nigeria's Economy Lost Its Position As the Biggest Economy in Africa

According to a report from CFG Advisory, a Lagos-based research and advisory firm, Nigeria’s economy lost its position as the largest economy in Africa due to a combination of factors, primarily driven by the prolonged devaluation of the Naira, low productivity, and stagflation. Stagflation, a troubling economic condition marked by high inflation, stagnant economic growth, and elevated unemployment, has significantly eroded the nation’s economic standing. CFG Advisory said that these challenges have collectively led to a massive $310 billion reduction in Nigeria’s Gross Domestic Product (GDP) over the last decade. Nigeria’s economy, which stood at $510 billion following the GDP rebasing in 2014, had shrunk to $199.7 billion by 2024, according to data from the International Monetary Fund (IMF). This contraction pushed Nigeria down to the fourth-largest economy in Africa, now trailing South Africa, Egypt, and Algeria. The devaluation of the naira has been identified as a k...

NIMC Explains Why They Started a 3-Day Training for 388 Personnel

The National Identity Management Commission (NIMC) initiated a three-day training program for 388 personnel in order to enhance the efficiency of National Identification Number (NIN) enrolment and integration with the National Social Register. This strategic move aims to bolster the commission’s capacity to improve service delivery, increase enrolment accuracy, and promote secure digital identification across Nigeria. According to NIMC, this initiative is critical for ensuring that its enrolment staff possess the latest technical and operational skills needed to handle the complexities associated with NIN registration and identity management. Abisoye Coker-Odusote, the Director-General and Chief Executive Officer of NIMC, emphasized that the training aligns with the broader goals of the ‘Renewed Hope’ social initiatives. By strengthening the technical capacity of personnel, the commission seeks to foster secure and reliable digital identification systems. Represented by h...