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Nigeria’s presidency insists reforms prevented economic collapse

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Nigeria’s presidency on Thursday reiterated that the current administration’s economic reforms of the past one year “saved the life of the nation”.

Since his swearing-in on May 29, 2023, President Bola Tinubu has driven major economic policies like the removal of subsidies on petrol and the floating of the currency (Naira), leading to an unprecedented rise in the cost of living but Vice President Kashim Shettima has described the policies as necessary given the poor state of Nigeria when he assumed office on May 29, 2023.

“His Excellency, President Bola Tinubu, chose the option that will save the life of the nation instead of one that will merely prolong its imminent and predicted economic death,” said Shettima when he appeared as the guest speaker at the Second Chronicle Roundtable in Abuja.

He argued that the President had selected the most difficult but certain route to recovery when it came to the foreign exchange market intervention and the petrol subsidy programme and stressed that the Tinubu administration does not hold the former government accountable for its choices.

Shettima referred to the debt-service-to-revenue ratio in Nigeria as “an economic death sentence,” noting that it had increased to 111.18 percent prior to Tinubu taking office.

He however urged Nigerians to exercise patience with the administration, telling them that Tinubu is navigating the country through storms and economic upheaval that he has faced since taking office.

“Soon, Nigeria’s economy will experience significant growth once we’ve overcome these sacrifices. Positive changes will soon be evident across all economic indicators – inflation, per capita income, GDP numbers, poverty reduction, food security, and all aspects close to the hearts of our people,” the VP predicted.

“We understood why our predecessor decided to remove the subsidy. We do not resort to blaming the previous administration.

“Leadership is about courage, leadership is about continuity, leadership is about taking far-reaching decisions. Before we took charge, the biggest issue was the fuel subsidy removal. We had to get rid of the subsidy or the subsidy would have destroyed the Nigerian nation, it was a bitter pill to swallow, but necessary.

“The government is a continuum. Whoever succeeded the previous government could either steer the ship through the storm as President Tinubu is doing or let the country implode,” he stated firmly.

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Politics

Sudan army chief Burhan meets US envoy

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The United States special envoy to Sudan has made his first trip to the African nation, hoping to bring an end to a horrific war and boost relief to millions of people in need.

After being appointed Washington’s ambassador to Sudan in February, Tom Perriello visited Port Sudan, the army-led government’s de facto capital on the Red Sea coast.

For the first time since the evacuation of the U.S. embassy in April 2023 due to the conflict between the Sudanese Armed Forces and the paramilitary Rapid Support Forces (RSF), a top U.S. official visited the nation.

“We feel an enormous amount of urgency to end this crisis and to ensure that we can … help to get food and medicine and life-saving support to the 20 million people plus that are in need,” a State Department official said before the trip.

Over 25 million people, or half of Sudan’s population, require help, according to the U.N., as hunger has spread to one area and over 11 million people have abandoned their homes.

Sudan’s sovereign council stated in a statement that Perriello spoke with tribal, government, and humanitarian figures in addition to Abdel Fattah al-Burhan, the country’s army head.

During what the council described as a “lengthy, comprehensive, and frank” discussion, the two men talked about how to provide humanitarian help and how to end the war through a political process.

“The U.S. envoy presented several suggestions which the head of the sovereign council agreed to,” the statement said.

Although the army declined to join U.S.-mediated peace negotiations in Geneva earlier this year, the meetings did obtain commitments from the warring parties to increase access to aid.

A power battle between the army and the RSF preceded a planned shift to civilian government, which is why the conflict broke out more than a year ago.

Perriello discussed “the need to cease fighting, enable unhindered humanitarian access, including through localized pauses in the fighting to allow for the delivery of emergency relief supplies, and commit to a civilian government,” a State Department statement said.

“Right now, I think there’s a key opportunity to build on the expansion of humanitarian aid,” the State Department official stated, emphasising the need for relief corridors to the most battle-ravaged areas, such as al-Fashir, Sennar, and parts of the capital Khartoum, even though the U.S. would continue to pursue a more comprehensive ceasefire and negotiations.

Last Monday, Sudan’s sovereign council announced that it would prolong the temporary opening of the Adre border crossing with Chad. According to relief organisations, this crossing is essential for delivering food and other supplies to famine-prone portions of the Darfur and Kordofan regions.

An RSF official stated at a press conference in Nairobi that while they were still amenable to peace, they had doubts about the army’s readiness.

“They do not listen to any language but that of the rifle, and so we will continue to talk to them in the language they understand,” said Brigadier General Omar Hamdan.

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Politics

Somaliland opposition leader Cirro defeats incumbent President Abdi

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As reported by the electoral commission on Tuesday, Abdirahman Cirro, the opposition leader of Somaliland, triumphed against incumbent president Muse Bihi Abdi in last week’s election. This initiates a leadership transition as the secessionist Somali province seeks international recognition.

Since proclaiming independence from Somalia in 1991, Somaliland has maintained de facto self-governance; nevertheless, it has not received recognition from any nation, which limits access to foreign financing and restricts travel for its six million inhabitants.

Musa Hassan, head of the Somaliland Electoral Commission, reported that Cirro, leader of the opposition Waddani party, secured 64% of the vote, while Bihi received 35%.

Situated at the intersection of the Indian Ocean and Red Sea, Somaliland perceives international recognition as attainable following a preliminary agreement with landlocked Ethiopia in January, which would provide Addis Ababa with a coastal strip in return for recognition.

Hargeisa, the capital, is likewise optimistic that President-elect Donald Trump’s new government would support its interests. Trump’s first-term top Africa policy officials have expressed support for Somaliland’s recognition.

While Somalia entered a civil conflict from which it has not yet recovered, Somaliland has experienced a comparable period of stability since gaining autonomy thirty years ago.

Although Cirro has expressed widespread support for the preliminary agreement with Ethiopia, it is unclear if he will actually carry it out. He could be more receptive to communication with the government of Somalia, which is against the deal, according to some observers.

The agreement has strained ties between Mogadishu and Ethiopia, which is a key backer of a peacekeeping force battling Islamist terrorists in Somalia, and has brought Somalia closer to Ethiopia’s longstanding adversaries, Egypt and Eritrea.

“While I think there are concerns that (Cirro) may opt for a radical departure from his predecessor, jettison the MOU, embrace dialogue with Somalia, there’s a big difference between campaigning and governing,” said Matt Bryden, a strategic adviser with the Sahan think-tank.

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