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NESG Holds Economic Summit Next Week, Cancels Presidential Debate 

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By Tony Obiechina, Abuja 

The Nigerian Economic Summit Group (NESG) has cancelled its planned Presidential debate among candidates in the coming 2023 elections.

The presidential debate was scheduled to hold next week in Abuja as part of the National Economic Summit (NES#28).

 

Organizers of the summit shelved the debate because of what they called “unfavorable climate”.

In place of the debate, NESG said it will organize a town hall meeting for presidential candidates of the political parties at a later date. 

NESG Chairman Mr. Asue Ighodalo confirmed the change of plan on Wednesday while responding to questions from journalists after a scheduled pre-summit press briefing by the Minister of State for Finance, Budget and National Planning, Prince Clem Agba.

 

 Asue Ighodalo said there must be a minimum level of issues which presidential aspirants must sign on to. 

He said the NESG had “hoped there was going to be a debate, but the prevailing climate wasn’t comfortable for it any more”.

“However we are planning a town hall arrangement. It’s fundamental each aspirant tells Nigerians how he intends to tackle each sector of the economy. The public can then take them up copiously sector by sector. There will be no aspirant that will say I don’t know. I promise this “, he said.

Speaking more on what this year’s summit will cover, Ighodalo projected that “in five years, Nigeria can become a leading industrializing and reforming nation in Africa that focuses on building its State capacity and capabilities”. 

Within that period, Nigeria he said, “can break free from decades-long political, policy, legislative and regulatory binding constraints”. 

“We can create an enabling investment climate and business environment, underpinned by a motivated, capacitated, well-resourced, world-class civil service that drives open, transparent, high-performance governance at all levels. 

We can move Nigeria decisively towards structural and institutional reforms required to unlock local content development, sub-national economic diversification, competitiveness, and growth in the medium term. 

“We can make moderate and incremental progress in poverty reduction and job creation, and we can make Nigeria the dominant shareholder of FDI inflows into the African continent.

Since the country is in full electioneering season, Ighodalo noted that “2023 presents another opportunity to demonstrate a strong political will to tackle Nigeria’s socio-economic challenges”  

According to him this year, the NESG “seeks to unveil the most critical challenges for urgent attention: these are unemployment surge, huge infrastructural deficit, fiscal weakness, human capital and skills gap, flawed security architecture, and corruption. This summit will delve into the causes and implications of these critical challenges”. 

Ighodalo lamented that “our nation is in a season of social discontent characterised by massive economic pressures and challenges on businesses and citizens. Macroeconomic instability is driven by stagflation pushing more people below the poverty line. More Nigerians are multidimensionally poor than are monetarily poor. The World Bank estimates that in 2022 alone, 7 million Nigerians will go into extreme poverty” .

“These socioeconomic pressures are accentuated by rising food inflation and a growing food insecure population that the World Food Programme puts at 61 Million as of October 2022. This situation has over 38% of our under-5 children experiencing chronic malnutrition and 70% of our children suffering from Learning Poverty (lacking basic literacy and numeracy skills). 

He said “Nigeria’s Internally Displaced Persons Index 2021 shows that we had 3.2 million IDPs as of last year. This year adds an additional 1 million IDPs triggered by flooding that has not only destroyed lives and livelihoods but threatens food sufficiency and security”. 

In his remark, the Minister of state for Budget and National Planning Prince Clem  Agba said NES #28, jointly convened with the Federal Ministry of Finance, Budget and National Planning, is anchored on imperative partnership. 

The Minister said 11 pre-summit events had been held between August and September across sectors and thematic areas in preparation for NES #28.

These he said covered fiscal policy, investment, financial inclusion, MSMEs, and Infrastructure, amongst others. 

“The Pre-Summit events also included a National Economic Dialogue for Youths focused on critical areas, including Economic Growth and Stability and Human Capital Development. 

“These events have kick-started the Summit discussions and will be examined in further detail at the Summit, with outcomes reflected in the 2022 green book”, Minister said.

Foreign News

U.S Will Start Revoking Visas for Chinese Students

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The United States says it will begin revoking visas of Chinese students and tighten screening for future applicants from China and Hong Kong, the US State Department said on Thursday.

“The U.S. will begin revoking visas of Chinese students, including those with connections to the Chinese Communist Party or studying in critical fields,” US Secretary of State Marco Rubio said on social media platform X.

In a press release, the State Department stated that it would also revise visa criteria to enhance scrutiny of all future visa applications from the People’s Republic of China and Hong Kong.

It was not immediately clear how many students currently in the United States would be affected or whether any exemptions would apply.

According to the Institute of International Education (IIE), about 277,000 Chinese students were enrolled at U.S. universities during the 2023-2024 academic years, making them the second-largest group of international students after those from India.

The U.S. already applies strict visa rules for Chinese nationals in certain academic disciplines, particularly in science and technology.

China’s Foreign Office said it filed a complaint against the unjustified step.

Washington’s discriminatory actions expose the lie of freedom and openness that the U.S. has always boasted about, said spokeswoman Mao Ning in Beijing.

The new measures come amid reports that the State Department has halted new visa interviews for international students and exchange visitors while it reviews screening procedures, including expanded checks on social media activity.

The pause reportedly affects F, M and J visa categories, including those for students, interns and au pairs, with further instructions expected in the coming days.

However, relations between Washington and Beijing have deteriorated further since U.S President Donald Trump took office in January.

The two economic powers are engaged in a deepening trade dispute and competing for global influence across multiple fronts.(dpa/NAN)

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Education

How female Medicine Degree Holder Abandoned Certificate for Carpentry- Bugaje

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The Executive Secretary, National Board for Technical Education (NBTE), Prof. Idris Bugaje has expressed the need to promote inclusivity, especially for women and persons with disabilities in technical education.

Bugaje stated this in Abuja while assessing the impact of President Bola Tinubu’s administration after two years in office.

He appealed for greater gender inclusivity in vocational and technical education, stressing that deliberate policies such as scholarships and incentives could help bridge the gender gap.

In support of his position, Bugaje shared an inspiring story of a female medical doctor who abandoned her medical career to pursue carpentry.

“There is a story I want to share with you, about a girl who was interested in becoming a carpenter.

“The father was a carpenter and they were four children in the family, three boys and herself.

“Whenever she joined the boys to the workshop, the father would send her away, saying, `you are a girl, go back to the house, you are not supposed to be a carpenter’’.

“Without giving considerations to the passion of the young girl, the father sent her to a medical school.

“She graduated with the MBBS, went and did the one-year internship after graduation, and chose a role as a medical doctor.

“After that, she came back to the father, returned the MBBS certificate to him, and thanked him.

“Afterward, she told the father that her passion is in carpentry, not to practice as medical doctor,” Bugaje narrated

He added that after spending seven years on medical training, the father had no option but to send her to Turkey to learn how to make furniture.

Addressing cultural and societal barriers often faced by young women in technical fields, Bugaje appealed to parents to support their daughters’ interests in trades like plumbing, electrical installation, and carpentry.

He also called on policymakers to prioritise passion and skill development among youth, especially girls, noting that such encouragement could lead to greater innovation and self-reliance.

“If they want to become carpenters, ICT experts, or POP artists, allow them.

“In skills’ training, passion is very important. That’s what motivates children and helps them innovate.

“We need to harness these innovations if the country is to move forward and rise beyond being a third-world nation,” he said.

He emphasized the need to have deliberate policies to encourage women to come into TVET through scholarships and other incentives. (NAN)

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Education

WAEC Apologies for Conducting English Exam Late, Cites Leakage  Prevention

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The West African Examinations Council (WAEC) has apologized for delay in conducting  English Language Paper 2 in the ongoing 2025 West African Senior School Certificate Examination (WASSCE).

 The took place on Wednesday evening.

In a statement by Moyosola Adesina, Acting Head of Public Affairs Department of
WAEC, the council said that it encountered challenges.

”While maintaining the integrity and security of our examination, we faced considerable challenges primarily due to our major aim of preventing leakage of any paper.

“We recognise the importance of timely conduct of examinations and the impact of this decision on candidates, their schools and parents, and we sincerely apologise for any inconveniences caused,” WAEC stated.

It said that it successfully achieved its objective but it inadvertently impacted the timeliness and seamless conduct of the examination.

“In spite of our best efforts, we encountered logistical hurdles, security concerns and socio-cultural factors that negatively influenced our operations,” WAEC said.

The council re-affirmed its commitment to upholding the highest standard in examination conduct, and pledged to continue to promote academic excellence. (NAN)

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