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Shettima Off To Nairobi For IDA Heads Of State Summit

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Vice President Kashim Shettima will depart Abuja on Sunday to represent President Bola Tinubu at the crucial International Development Association (IDA21) Heads of State Summit taking place on Monday in Nairobi, Kenya.

The high-level gathering hosted by Kenyan President William Ruto will see African leaders unite to call for an ambitious replenishment of the World Bank’s International Development Association (IDA) concessional lending arm.

According to a statement by his spokesman, Stanley Nwkocha, Shettima is expected to take a lead role in advocating for Nigeria’s vision of a transformative IDA21 financing package to accelerate development across the continent over the 2024-2026 period.

In the draft “Nairobi IDA Communique” to be considered at the summit, African heads of state outline urgent priorities for IDA’s next three-year funding cycle, including building human capital, creating jobs, enhancing energy and digital access, building climate resilience, and promoting sustainable growth.

While thanking donors for contributing $23.5 billion to the current IDA20 cycle, the communique states that this level of financing is inadequate to meet the massive investment needs.

It calls on “IDA partners/donors to step up and ensure a robust replenishment for IDA21.”

Vice President Shettima is expected to emphasise that partners like IDA will be critical to realising Nigeria’s economic transformation agenda, with the country’s young population requiring substantial investments in sectors like job creation, energy access, and human capital development.
The Nairobi summit follows previous IDA gatherings in Abidjan in 2022 and Dakar last year where African leaders united to call for an ambitious IDA20 replenishment from donors.

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Elon Musk Contributes Nearly $75 Million To Boost Trump’s Presidential Campaign

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According to recent filings with the Federal Election Commission (FEC), Billionaire Elon Musk has contributed almost $75 million to a political action committee (PAC) he established to back Donald Trump’s 2024 presidential campaign.

The donation underscores Musk’s growing involvement in Trump’s bid for the White House.

Musk, the world’s richest man, has become increasingly active in the Republican campaign.

He joined Trump on stage at a Pennsylvania rally and regularly criticizes his Democratic opponent, Kamala Harris, on social media.

Trump has praised Musk at campaign events and promised to appoint him to a committee to reduce government bureaucracy if re-elected.

Musk’s America PAC raised $74.95 million between July and September, focusing on grassroots efforts to boost voter turnout in key battleground states like Pennsylvania.

The PAC’s website offers volunteers $30 per hour to help increase voter participation, with performance bonuses available.

In contrast, Kamala Harris’s Harris Victory Fund PAC raised $633 million during the same period.

Harris, who entered the presidential race after President Joe Biden’s withdrawal, has energized the Democratic base with a strong campaign focused on swing states.

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Orji Uzor Kalu reveals amount he earns monthly as senator

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The lawmaker representing Abia North in the Senate, Orji Uzor Kalu, has disclosed that he earns a total of N14 million every month as a Senator.

The Senator, who was a guest on Channels Television’s Politics Today on Thursday, dismissed the belief among some Nigerians that lawmakers are living in affluence while the masses live in poverty.

“I earn N14 million for everything in a month. That is everything encompassing, the overhead, the worker’s salary, everybody,” Uzor-Kalu said.

Uzor Kalu, who is a former governor of Abia State, argued that the N14 million is not enough to buy petrol to travel to his constituency, maintain the constituency office among other things.

No official vehicles for lawmakers
One of the most controversial issues that have always been raised against the national assembly is the luxury cars given to lawmakers as their official vehicles.

However, Senator Uzor Kalu denied that lawmakers are given official personal vehicles, saying that the only the various committees in the national assembly that are given vehicles.

“I am in the Senate and a lot of things are said about the Senators and I sit there quietly and watch, and most of these things are not true. All I know is that committees get vehicles, no lawmaker is given any vehicle,” the Senator said.

On the economic hardship in Nigeria, Senator Uzor Kalu said it is not peculiar to Nigeria as the impact of COVID-19 is still affecting economies globally. He said the only reason some countries are no longer feeling the COVID-19 impact the way Nigeria is feeling it is because they have built a robust economy for a very long period.

According to him, President Bola Tinubu is aware of the country’s unstable economy and is taking steps to address the challenges facing Nigeria.

“The president himself knows that Nigerians are suffering and hungry. He is a street person; he knows the street very well.

“The president some nights uses his car to go around and know what is happening in Abuja here,” he said.

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NATO opens its doors: Putin is furious

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NATO opens its doors: Putin is furious © Pixabay
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NATO Secretary General, Mark Rutte , said on Thursday that Ukraine would be a NATO member state in the future.

He also acknowledged that he was unable to say exactly when the country would join the transatlantic organization.

Arriving at the meeting of the Atlantic Alliance’s defense ministers in Brussels from today to Friday, Rutte said that at the moment, it seemed that Ukraine would become the 33rd ally, with NATO currently having 32 members, while admitting that another country could join the transatlantic organization before Kiev. A demonstration of NATO’s determination to thwart Moscow’s plans.

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