Metro

Nigeria’s Presidency apologises for UNGA goof

Published

7 months ago

September 23, 2023

The Nigerian Presidency has apologised over a blunder it made when announcing that President Bola Tinubu was the first African leader to ring the bell at the close of trade at the National Association of Securities Dealers Automatic Quotation System (NASDAQ) in the United States.

Tinubu had, on Wednesday, rang the closing bell at the NASDAQ headquarters in New York City on the sidelines of the 78th edition of the United Nations General Assembly (UNGA), and used the opportunity to advance his foreign investment push in front of financial markets at the famous stock exchange.

“It’s a great honour for me to be here. I am happy to bring Nigeria to your doorsteps and I am honoured that we are here, today, with a bubbling Nigerian stock market that will evolve in the West African sub-region,” he said.

‘’The greatest economy in Africa is Nigeria. There is an immense opportunity in Nigeria, where you can invest your money without fear,” the president added.

Shortly after the ringing of the bell, the Presidency released a statement claiming that Tinubu had entered the history books as the first leader of an African country to get the honour of ringing the NASDAQ bell.

“In honour of President Bola Tinubu’s determined global push to aggressively attract foreign direct investment into Nigeria.

“The world’s second largest stock exchange, the National Association of Securities Dealers Automatic Quotation System (NASDAQ), on Wednesday in the world’s financial capital, invited President Tinubu to ring the closing bell. Making him the first African President to ever receive the honour,” the statement, issued by presidential spokesman, Ajuri Ngelale said.

However, following a backlash, and fact-finding by Nigerians and media outlets that revealed that Tinubu was not the first African leader to ring the bell, the presidency, in a statement on Friday, retracted its claim and tendered an apology.

In the apology issued by Ngelale, the presidency said it later found out that a former African leader had previously rung the bell at NASDAQ, thereby debunking the initial claim of Tinubu’s historic achievement.

“We inadvertently referred to President Bola Tinubu as the first African leader to ring the bell at NASDAQ on Wednesday in New York, based on the information provided by a third-party event organiser.

“We have since found out that this information was/is incorrect as a former African leader has indeed had the privilege. This error is sincerely regretted,” the statement said.

Related Topics:#Presidency Apology Featured NASDAQ President Bola Tinubu UNGA

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Metro

‘Cyber Act fails to protect the vulnerable,’ Student demands media inclusivity for persons with disabilities

Published

17 hours ago

April 26, 2024

Akanimoh Etim

Peter Libila, a student at Icof University’s Chipata campus, highlights the lack of awareness among individuals with disabilities and those residing in rural areas about their digital rights, resulting in limited access to media platforms for free expression.

Libila underscored the marginalization of people with disabilities in discussions on community development, leading to their exclusion from voicing their perspectives.

In an interview with Zambia Monitor in Eastern Province, Libila discussed the discrimination and stigma faced by individuals with disabilities in the media landscape.

Read More: Differently-abled person speaks on challenges impacting freedom of expression in rural areas

“Persons with disabilities are often overlooked when it comes to community developments,” he emphasized.

Moreover, as someone with a physical disability, Libala pointed out shortcomings in the Cybersecurity Act which failed to adequately address online barriers to freedom of expression.

“The act fails to ensure online safety for all; it only offers protection to certain groups while neglecting others,” he asserted.

He stressed the importance of bridging these gaps to foster inclusivity within the media.

“There’s a lack of sign language interpreters in most media outlets, which poses challenges for the deaf community,” he observed.

Libila also emphasized the necessity of providing braille reading materials and writing tools for individuals who are blind.

“Even basic resources like braille books are often unavailable for the blind,” he lamented.

This story is sponsored content from Zambia Monitor’s Project Aliyense.

Metro

All my tough policy decisions are in Nigerians’ interest— Tinubu

Published

21 hours ago

April 26, 2024

Akanimoh Etim

President Bola Tinubu of Nigeria has insisted that all his tough policy decisions and reforms have been taken with the interest of Nigerians at heart.

Tinubu, who made the assertion in Hague, The Netherlands, during the business session of the bilateral meeting with the Dutch team led by Prime Minister Mark Rutte, insisted that though some of the policies had brought hardship on Nigerian masses, he was not afraid to implement more of such policies as they would yield positive results in the end.

“I am a determined leader of my people. I am ever ready to take tough decisions in the best interest of the people, even if with initial pains,” Tinubu said.

“I have and will continue to take the difficult decisions that will benefit our people, even if there is short-term pain.

“We have gone through the worst of the storms. I am unafraid of the consequences once I know that my actions are in the best long-term interests of all Nigerians.

“The Nigerian naira is one of the world’s best-performing currencies today.

“We took the necessary risk, and all resilient Nigerians kept faith with us.

“They will be rewarded, and the reward will only be greater as we partner effectively with you on new opportunities for development.

“As leaders, we must make decisions for the benefit of our nations, and we cannot shy away from that.”

The President also noted that symbiotic economic ties remain the best long-term path to sustainable and mutual prosperity rather than one-sided relationships in which bilateral trade is skewed too much in one direction.