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Video: Nigeria’s Dangote refinery to generate over 135,000 jobs— Central Bank Governor

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In this video, Nigeria’s Central Bank Governor, Godwin Emefiele reeled out the numerous expected benefits of the recently commissioned world’s largest single-train refinery—the Dangote refinery—to the Nigerian economy.

According to Emefiele, the refinery is expected to generate 12,000 megawatts of electricity and over 135,000 permanent jobs. It will also save Nigeria $25b, and $30b forex annually, he stated. It will give the economy an inflow of $10b yearly, the apex bank chief added.

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Video: South African opposition leader wants accountability within parliament

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In this video, the Deputy President of South Africa’s opposition party, the Economic Freedom Fighters (EFF), Floyd Shivambu, talks about the politics of conflict resolution within parliament largely in favour of the ruling African National Congress (ACN).

Shivambu, while engaging members of the media at the 7th Central Elections Task Force (CETF) meeting, called for independent internal mechanisms and systems to hold members of parliament accountable away from the existing approach which he argued is extremely partisan and factional.

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Video: Kenya’s Ruto argues for reduced budget deficit, public debt

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In this video, Kenyan President, William Ruto, revealed that his country’s budget for the 2024/2025 financial year had been revised downward from Kes 4.23 trillion to Kes 3.7 trillion to minimize public debt and allow fiscal prudence.

“We need to manage our expenditure, that’s why I had a meeting with the parastatals because we have to live within our means…we cutting largesse and eliminating wastage

“We are reducing our budget from four points, almost 4.2 trillion (shillings) to 3.7 trillion, we need to live within our means… we are shedding off fat,” Ruto told Kenyans in Ghana in a video during a state visit on Tuesday.

In addition to lowering spending and the budget deficit, Ruto’s administration—which assumed office in 2022—has also been enacting additional taxes, which have infuriated certain people and organizations and prompted legal challenges.

The total amount of Kenya’s governmental debt as of December 2023 was around 11.1 trillion Kenyan shillings (Ksh), or 82.1 billion US dollars. Over the period, Kenya’s government debt has generally increased.

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