Friday

Barbarians at the gate - How America mortgaged its future on the altar of MAGA

CC™ Editor’s Review

By Editor-in-Chief

The administration of Donald J. Trump has predicated its policies on ‘cleaning the swamp’. 

Here are the facts:

1) 8 of Trump’s cabinet picks donated almost half-a-billion dollars to his (Trump’s) re-election campaign. While the influence of large campaign donors on policy making is a recurring concern across administrations, the scale of these donations with regard to the incoming Trump administration, raises valid concerns about cronyism and how these relationships might shape policymaking. 

2) Department of Government Efficiency (DOGE)

The establishment of the DOGE with figures like Elon Musk (and Vivek Ramaswamy at the onset), underscores broader concerns about potential conflicts of interest. Tesla’s historical receipt of government funds to innovate in clean energy contrasts with any policy that undermines competitors like Rivian. Canceling Biden-era funding for Rivian, as Ramaswamy had intimated, could:


•Stifle competition in the EV market, undermining innovation.


•Harm Georgia’s economy if the promised 8,000 jobs fail to materialize.


•Reinforce perceptions of favoritism, potentially benefiting Tesla.

3) Regulation Rollbacks

A loosening of regulatory oversight, particularly in critical sectors like healthcare and aviation, could indeed have far-reaching consequences. Historical examples suggest that deregulation:


•May increase corporate profits but often at the expense of public safety or service quality.


•Risks weakening consumer protections, as seen in sectors like banking and energy following similar moves in the past.


4)  Broader Implications


My concern (and that of many well-meaning folks) is about how concentrated wealth and political influence can blur the lines between public service and personal gain. While Trump’s policies have long championed deregulation as a driver of economic growth, the balance between efficiency and accountability will ultimately define public perception of his governance.

Policy Implications for the EV Industry as a result of the possible actions of DOGE and the impact of deregulation, using the Healthcare and Aviation industries as test cases:

Policy Implications for the EV Industry


The competition between Tesla and newer players like Rivian is central to understanding the potential effects of DOGE’s decisions. Here are the key points:


1. Market Competition and Innovation

•Favoritism Risks: If Rivian loses the $6 billion promised by the Biden administration while Tesla continues benefiting from previous subsidies, the playing field could tilt significantly in Tesla’s favor. This reduces competition, which is vital for innovation and cost reduction in the EV market.


•Job Loss and Economic Impact: The proposed Rivian factory in Georgia would generate around 8,000 jobs, directly boosting the local economy. Its cancellation could harm not only the state’s workforce but also U.S. efforts to expand domestic EV manufacturing capacity.


2. Global Leadership in EVs


•Policies favoring one company over others may hinder the U.S.’s ability to compete globally, especially with countries like China, which dominates the EV supply chain and production. A diverse domestic EV ecosystem is critical to achieving energy independence and global competitiveness.


3. Public Perception and Policy Credibility


•Rolling back Rivian’s funding while Tesla remains dominant could spark accusations of bias or corruption, undermining public trust in government energy policies.


Impact of Deregulation


Deregulation in sectors like healthcare and aviation often has mixed results, with both short-term gains for businesses and long-term risks for consumers and workers.


1. Healthcare


•Impact on Safety Standards: Deregulation could loosen controls on drug approvals, hospital standards, and medical device quality. While this might accelerate innovation and reduce costs for companies, it risks patient safety if oversight is weakened.


•Access and Affordability: If deregulation leads to the consolidation of insurance companies or healthcare providers, patients may face fewer options and higher prices in the long run.


2. Aviation


•Safety Concerns: The aviation industry is highly regulated to ensure passenger safety. Reduced oversight could increase the risk of accidents or mechanical failures, as was seen in the aftermath of deregulation in the 1980s. We have already seen that with the tragic air mishaps in Washington D.C. and Philadelphia. 


•Cost vs. Quality Trade-offs: While deregulation might lower ticket prices, it often comes at the cost of service quality (e.g., reduced legroom, increased fees, or overbooked flights).


With no guard rails in place for the incoming Trump administration, balancing efficiency and oversight will be a tall order as Trump will not be favorably disposed to the concept of independent watchdogs. 


Furthermore, policies that support fair competition, especially in the EV industry, through the encouragement of a diverse marketplace that engenders innovation across multiple players, will be abandoned for archaic and authoritarian policies that promote favoritism and stifle competition.


The basic premise for the creation of DOGE was to promote  transparency around funding and policy decisions. It was supposed to help rebuild trust and reduce perceptions of corruption.


Under Trump, with Musk as the main anchor, realizing that aforementioned noble premise will be at best, an illusion. 


America and Americans are in for a long and painful ride. 

Thursday

Laura Ingraham: An epitome of hypocrisy and a walking contradiction of privileged ignorance

Laura Ingraham
CC™ Editorial 

By Deji Fashola (Contributing Editor)

One of the most consistent things in life is time. Time never fails to tell the story. The story of the day, the story of your life and the events that have shaped that very life; but even more importantly, time never fails to remind us of our past, with historical and poignant markers that speak to how our past actions ultimately determine where and who we are, or will become.

For Laura Ingraham, a talk show host of Fox News and someone whom I had never heard of until she name dropped basketball superstar, Lebron James, a few years ago by telling him to shut up and dribble, time has essentially encapsulated the very essence of her being, as it relates to her place in the evolving but contentious conversation about Americas contract with people of African descent, in particular.

I am not a consumer of American news as a matter of principle, be it CNN, Fox, MSNBC or any other alphabet news organization, but one thing I will say having had a glimpse of Fox news in particular, is that the latter (Fox news) is the most brazen attempt at instituting State-run TV in a country that is supposed to be the very epitome of democracy.

Time and time again, we are inundated with the Republican mantra that seemingly serves to eschew the tenets and principles of so-called conservative values. But, what exactly do these values entail. 

According to Laura Ingraham et al, conservative values seek to:

a) Preserve the sanctity of life pre-birth but seemingly abuse and devalue it after birth, especially if the life in question is of the wrong hue.

b) Promote avaricious greed that encourages limitless profit by a very limited few to the detriment of the overwhelming majority.

c) Encourage and promote governmental interference in the lives of others with the exception of those who profess a divine following of a God, whose commandments and ordinances they (the so-called conservatives) never abide by, but project and force on others who merely seek to live and let live.

d) Bully, vilify, slander, defame, abuse and in some cases, seek to intimidate with threats of violence those they disagree with, including defying constituted authority even though the latter's conduct and ordinances are within the framework of the laws and statutes of the land.

A perfect example of this vilification is the Republican messaging of referring to those who ask why the wealthiest nation on earth has more than half of its population without basic healthcare, as socialists.

These same conservatives (Republicans) have no problems though with the government giving away billions of dollars in corporate welfare to big corporations, deemed too big to fail. To them, the average American is too irrelevant and too small to succeed or be cared for, so long as Mitch McConnell, Lindsey Graham, Tom "call in the troops" Cotton, Josh "inordinate ambition" Hawley and the always opportunistic Rafael Ted Cruz line their pockets and those of their corporate benefactors.

e) Extol the virtues of democracy and civility when in the majority or win elections but then turn the same institution on its head, refusing to concede when you lose, and then seek to undermine and subvert the will of the people by judicial fiat. And when the latter fails, incite a violent insurrection against the duly elected leadership of the country, namely the Vice President and Congress, a co-equal branch of government, by a sitting President of the United States of America.

The four years of the Trump misrule of incompetence, laced with brazen nepotism, cronyism and racism, as well as unbridled corruption, was undoubtedly egged on by State TV (Fox News), with Sean Hannity (the former construction worker and high school dropout) and Laura Ingraham as the unofficial spokespersons of the Trump-led civilian junta. 

It remains to be seen if the resulting socio-political scars remain embedded in the mental and institutional psyche of the nation, for decades or even generations to come.

Wednesday

Flashback: White Evangelicals Made A Deal With The Devil And Are Still In Bed With Him.

Donald Trump holds a Bible outside St John's Church in Washington DC. Credits: Getty Images
CC™  Viewpoint

By Sarah Jones

In the end, white Christian America stood by its man. The exit polls present an imperfect but definitive picture. At least three-quarters of white evangelicals voted for Donald Trump in November, a figure largely unchanged from 2016. Evangelicals didn’t win Trump another four years in power, but not for lack of effort. While most of America tired of the president’s impieties, the born-again found in themselves a higher tolerance for sin.

And the sins are legion, lest we forget. He tear-gassed protesters so he could walk to a D.C. church and hold a Bible upside-down in front of it without interference. He lied and cheated, and smeared women who accused him of sexual assault. He separated migrant children from their parents and staffed his administration with white nationalists. Over a quarter of a million Americans died of coronavirus, while he railed against doctors and scientists trying to save lives. Not even a plague turned evangelicals from their earthly lord. For Trump, the consequences are political and legal. For evangelicals, the fallout has a more spiritual quality. What does it profit a faith to gain a whole country and then lose it, along with its own soul?

Evangelicals had more to lose than Republicans, for reasons I learned in church as a child. You can’t evangelize anyone if your testimony is poor. If you disobey your parents, or wear a skirt that falls above your knees, how can anyone believe you’re saved? Another Sunday School lesson, conveniently forgotten? Be sure that your sin will find you out. Evangelicals bought power, and the bill is coming due. The price is their Christian witness, the credibility of their redemption by God. Evangelicalism won’t disappear after Trump, but its alliance with an unpopular and brutal president could alienate all but the most zealous. 

To be evangelical in the 1990s was to learn fear. The world was so dangerous, and our status in it so fragile. The fossil record was a lie, and scientists knew it. You could not watch the Teletubbies because Jerry Falwell thought the purple one was gay. No Disney, either, and not because Walt had been a fascist; Disneyworld allowed a gay pride day, and in one scene of The Lion King, you could see the stars spell out “sex.” You were lucky to even be alive, to have escaped the abortion mill. The predominantly white evangelical world in which I was raised had created its own shadow universe, a buffer between it and the hostile world. Our parents could put us in Christian schools or homeschool us; if they did risk public school, we could take shelter with groups like YoungLife and the Fellowship Christian of Athletes, which would tell we to make the most of this chance to save souls. We had alternatives for everything; our own pop music, our own kids’ shows, our own versions of biology and U.S. history, and an ecosystem of colleges and universities to train us up in the way we should go: toward the Republican Party, and away from the left, with no equivocation.

Whatever the cause, whatever the rumor, the fear was always the same. It was about power, and what would happen if we lost it. Certain facts, like the whiteness of our congregations and the maleness of our pulpits and the shortcomings of our leaders, were not worth mentioning. You were fighting for God, and God was not racist or sexist; He was only true. The unsaved hated this, it made them angry, and that was proof you were doing the right thing. If “owning the libs” has a discernible origin point, it’s here, in the white evangelical church.

While I was in college and Trump was still a reality show star, evangelicals faced a crisis in the pews. Young people were leaving the church, and they weren’t coming back. The first signs arrived in 2007, in the last hopeful months before the Great Recession. A pair of Christian researchers released a study with troubling implications for the future of the church. Young people aged 16 to 29 were skeptical of Christianity and of evangelicalism in particular, concluded Dave Kinnaman of the Barna Group and Gabe Lyons of the Fermi Group. “Half of young churchgoers said they perceive Christianity to be judgmental, hypocritical, and too political,” they wrote. Among the unchurched, attitudes were even more negative. A mere 3 percent said they had positive views of evangelicalism, a precipitous decline from previous generations.

I interviewed Lyons about his research while I was a student journalist at Cedarville University, a conservative Baptist school in Ohio. By the time I graduated, I’d become one of his statistics, an atheist with a minor in Bible. Trump was not even a glimmer in Steve Bannon’s eye, but the evangelical tradition had already asked me to tolerate many sins. There was George W. Bush and his catastrophic invasion of Iraq; welfare policies that starved the poor; the dehumanization of immigrants, of LGBT people, of women who do not wish to stay pregnant, and my own, non-negotiable submission to men. At some point I realized that I had traveled some distance in my mind, and I could not go back the way I came. I was over it, I was through.

The years after my personal exodus brought with them more proof that the church was in trouble. Partisanship did not entirely explain why. Membership declined fastest in mainline congregations, even though they tend to be more liberal than the independent churches of my youth. Social media has expanded the philosophical marketplace; all Christian traditions face competition from new ideologies for the hearts and minds of the young. But conservative denominations are suffering, too. The Southern Baptist Convention said this June it had experienced its thirteenth consecutive year of membership decline. By age 22, two-thirds of adults who attend Protestant services as teenagers have dropped out of church for at least a year, LifeWay Research found last year, and a quarter cited political disagreements as the reason. An alliance with a president the young largely hated might not lure new generations to the fold.

Years of attrition have taken a toll on white evangelicals, said Robert Jones, the author of White Christian America and the founder of the Public Religion Research Institute. “If you go back a couple of election cycles ago, into Barack Obama’s first election, they were 21 percent of the population, and today they are 15 percent of the population,” he told me. The share of Black evangelicals has remained relatively stable, he added, while the numbers of Latino evangelicals have grown. And while these groups ostensibly share a religious label, politically they are far apart.

“If I take the religious landscape, and I sort religious groups by their support for one candidate or the other, what inevitably happens is that there are no two groups further away from each other in that sorting than white evangelical Protestants and African-American Protestants,” Jones said, adding that Latino evangelicals are “a little more divided.” (Indeed, Trump won significant support from this group in 2020.)

But white evangelicals are still outliers overall: They’re more conservative than other Protestants, more conservative than Catholics, more conservative, in fact, than any other demographic in the country. The implicit claim of the Moral Majority — that it embodied mainstream opinion — always lacked evidence, but it’s become even less true over time. By the time Trump applied Richard Nixon’s label of a “silent majority” to his own coalition, it barely made sense at all. A bloc that can only take the White House through the electoral college, and not the popular vote, only to lose it outright four years later, has no claim to majority status. They are a remnant within a remnant, a nation within a nation.

There are still dissenters. Last year, the outgoing editor of Christianity Today, Mark Galli, called for Trump’s removal from office. Galli wrote the typical approach for his magazine was to “stay above the fray,” and “allow Christians with different political convictions to make their arguments in the public square, to encourage all to pursue justice according to their convictions and treat their political opposition as charitably as possible,” he wrote. But Trump had abused the power of his office and revealed a “grossly deficient moral character.” Galli has since converted to Catholicism, a decision he explained to Religion News Services as being more personal than political.

Others stay. But they can experience a painful friction between their spiritual convictions and political independence. My parents, both pro-life evangelicals, have now voted against Trump twice. I spoke to another by Skype, not long before the election.

I know Marlena Proper Graves from my days at that Baptist university, when I was an upstart college feminist, and she was a resident director and the spouse of a professor. Now the author of two books on faith and a doctoral candidate at Bowling Green State University, Graves worries about the influence of Trump, and Trump’s party, on her beloved church. The word “evangelical,” she noted, had always referred to a constellation of beliefs. “You have a relationship with God, God cares about you, God cares about all people, and Christ is central,” she said, ticking them off. “But now it seems to be something of a culture.” That culture is an exclusionary one. “I’ve been disinvited from events because of my views and activism for immigrants, because it’s controversial,” she said.

When Proper was young, she told me, she listened to Christian radio all the time, just like I did. Preachers and commentators like James Dobson, a famed radio personality and the founder of Focus on the Family, would opine on the issues of the day, on morality, and virtue. “All these people would talk about character,” she said. “How you can’t vote for Bill Clinton in particular because of Monica Lewinsky, because he had affairs.” Then came Trump. “People said, first, that they didn’t think he would win. Then it was all about abortion and judges. I felt like I was being punked,” she remembered. But many evangelicals are in on the joke. Faced with popular rejection and the humiliation of Trump, they declare themselves persecuted, and identify numerous enemies. The mission remains the same: Purify the nation, and pacify the barbarians.

Beyond the usual celebrity preacher scandals, the faith’s place in the broader Christian right required it to make moral compromises it never tolerated among the rank-and-file members of the flock. Our definition of morality narrowed the further up the pyramid you climbed. For the politicians we backed, it shrank to a pinprick point: Ronald Reagan was divorced. What mattered instead to the Moral Majority was his opposition to abortion, his hippie-bashing, his ability to trade in euphemisms about “states’ rights.” Two Bush presidents later, thrice-married Trump gave evangelicals the conservative Supreme Court of their dreams.

As hypocritical as white evangelical support for Trump may look from the outside, the president actually understood his base quite well. Eight years of a Black, liberal president threatened their hegemony. So had the Supreme Court’s ruling legalizing same-sex marriage. Sarah Posner, an investigative journalist and the author of Unholy: Why White Evangelicals Worship at the Altar of Donald Trump, told me that Trump managed to tap into two key evangelical tendencies. “Those two things were the racial grievances of the white base of the Republican Party, and how televangelism had changed evangelicalism from the 1970s onward,” she said.

Galli, the former Christianity Today editor, believes Trump also appealed to an entrenched evangelical sense of marginalization. By the time same-sex marriage was legalized, public opinion on LGBT rights had already liberalized; the gap between white evangelicals, and everyone else, on matters of sexuality is now wider than it’s ever been. “Here comes Donald Trump, saying it’s OK to be Christian, it’s OK to have your values, it’s OK to practice your values in the public square. And he does this in a very authoritative manner,” Galli explained. Trump didn’t know his Scripture, but he knew there was a war on, and that was enough. The nation’s culture warriors had found their general.

Evangelicals, Galli added, “are deeply suspicious of human authority,” but only to a point. What they may fear, really, is authority they don’t control. “Paradoxically,” he continued, “they are a group that’s attracted to authoritarian leaders, whether that person be a pastor of a megachurch or a dictator.” Those tendencies existed before Trump. With the help of the far-right press, social media, and alternative institutions, they will survive Trump, too.

“I think that the thing that we have to keep our eye on is the ways in which the infrastructure that they built gives them an advantage beyond what their numbers would tell you,” Posner said. Conservative evangelicals already know that they’re no longer the Moral Majority, and they’ve found a way to make it work for them. “They’ll recognize, for example, that they may be in the minority on LGBTQ rights, but in their view, that’s all the more reason that they should be protected by either the Religious Freedom Restoration Act, or the First Amendment, in having the right to discriminate against LGBTQ people.”

That infrastructure still churns out new acolytes, who embrace the worst elements of the tradition we all used to share. The same movement that produced me also spawned Madison Cawthorn, a Republican elected to Congress last month. He was born the year the Southern Baptist Convention first apologized for slavery, and he will be the youngest member of Congress when he takes office in January. He’ll also be one of furthest-right Republicans in office, with a personal life that once again tests the bounds of evangelical toleration for sin. Women from his Christian homeschooling community in North Carolina and women who studied with him at the conservative Patrick Henry College have accused him repeatedly of sexual harassment and misconduct. A racist website linked to his campaign criticized a local journalist for leaving academia to “work for non-white males” like Senator Cory Booker, “who aims to ruin white males.” After he won, he celebrated with a tweet. “Cry more, lib,” he wrote.

There’s time for Cawthorn to self-immolate on a pyre of his own sins before he’s old enough to run for president. But there will be other Cawthorns, other white evangelical candidates who will try to master Trumpism-without-Trump. They might not need an army to win, either. The GOP already knows it doesn’t have to be popular to stay in power. They need a radical remnant, and a lot of dirty tricks. Republicans can get what they want by suppressing the vote, or by undermining our confidence in elections. They can protect themselves through the subtle tyranny of inequality, which empowers the wealthy while alienating the most under-represented among us. A party out of step with most voters must either reform, or it must cheat. This, too, is something the modern GOP has in common with the Christian right. Democracy is the enemy. People can’t be trusted with their own souls. Leave them to their own devices, and they make the wrong choices, take the easy way out, threaten everything holy. They need a savior, whether they like it or not.

INTELLIGENCER

Tuesday

Nigeria lost close to $200 billion in investment opportunities under Buhari administration

CC™ Global News

Nigeria may have lost close to $200 billion, representing more than 92 percent of investment opportunities available to the country between 2017 and 2020.

Details of a report by the Nigerian Investment Promotion Commission (NIPC) on “Investment announcements versus FDI (Foreign Direct Investments) Inflow in Nigeria, 2017 – 2020” revealed that the actual inflows of FDI into Nigeria within the period was about 7.65 percent of the total investment announcements captured by the Commission.

This indicates that most investment announcements and expression of interests to invest did not materialize or translate to actual investment inflow.

The report shows that total investment announcements captured by NIPC during the period amounted to $203.89 billion whereas actual FDI inflow was $15.6 billion, representing 7.65 percent.

Specifically, statistics obtained from NIPC stated that in 2017, only $3.5 billion actual FDI inflow was recorded out of a total investment announcements of $66.35 billion; in 2018 only $6.4 billion FDI materialized out $90.89 billion announced; in 2019, $3.3 billion out of $29.91 billion; and in 2020 only $2.4 billion actual FDI inflow was recorded out of $16.74 billion investment announcements that were captured.

NIPC noted, however, that its report is based only on investment announcements captured by the Commission which may not contain exhaustive information on all investment announcements in Nigeria during the period, adding that it did not independently verify the authenticity of the announcements.

NIPC further reported that in 2017, a total number of 112 projects were announced across 27 States and FCT; in 2018, there were 92 projects across 23 States and FCT; 2019, there were 76 Projects across 17 States, FCT; while in 2020, a total announcements of 63 projects were made across 21 States, FCT and the Niger Delta region.

Further details of the NIPC report revealed that in 2020, the top 10 announcements accounted for $15.59 billion, representing about 93 percent of total announcements.

The details show $6 billion by Indorama Petrochemicals and Fertilizer company from Singapore; $2.6 billion by Bank of China and Sinosure from China; $2 billion by 328 Support Serves GmbH from USA; $1.6 billion by MTN South Africa; and $1.05 billion by Sinoma CBMI of China.

Others are $1 billion by Torridon Investments of UK; $600 million by African Industries Group in Nigeria; $390 million by Savannah Petroleum of UK; $200 million by Stripe from USA; and $150 million by NESBITT Investment Nigeria.

In 2019, the top 10 announcements accounted for $26.29 billion or 88 percent of total. These include $10 billion by Royal Dutch Shell from Netherlands; $5 billion by Aiteo Eastern Exploration and Production Company from Nigeria; $3.15 billion by Sterling Oil and Energy Production Company (SEEPCO) from Nigeria; $2.3 billion by TREDIC Star Core from Canada; and $1.5 billion by OCP Group from Morocco.

Others are $1 billion by Tolaram Group from Singapore; $900 million by Yinson Holdings Bhd from Malaysia; $880 million by CMES-OMS Petroleum Development Company (CPDC) from Nigeria; $860 million by China Harbour Engineering Company (CHEC)/Lagos State; and $700 million by Seplat/NNPC from Nigeria.

The top announcements in 2018 accounted for $79.3 billion, representing 87 percent of total announcements captured by the commission.

The details include $18 billion by Range Developers of UAE; $16 billion by Total from France; $12 billion by Azikel Refinery from Nigeria; $11.7 billion by Green Africa Airways from Nigeria; and $9 billion by Royal Dutch Shell from UK.

Others are $3.6 billion by Petrolex Oil & Gas from Nigeria; $3 billion by CNOOC from China; $2 billion by Vitol/Africa Oil/Delonex Energy from Luxembourg, Canada and Nigeria; $2 billion by General Electric from USA; and $2 billion by Blackoil Energy Refinery from Nigeria/Niger.

The NIPC report revealed that the top 10 announcements in 2017 accounted for $43.1billion, representing about 65 percent of total announcements captured.

The commission did not, however, provide the details of the investors, sector, source and destination.

According to NIPC, the gaps between announcements and actual investments demonstrate investments potentials which were not fully actualized.

The Commission stated: “A more proactive all-of-government approach to investor support, across federal and state governments is required to convert more announcements to actual investments.”

Reacting to the situation, Director General, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Ambassador Ayoola Olukanni, noted that the gap may not be unconnected to the economic recession and COVID-19 pandemic events within the period, aggravated by policy instability.

Olukanni stated: “Numerous studies have established that Foreign Direct Investment is dependent on the market size of the host country, deregulation, level of political stability, investment incentives, openness to international trade, economic policy coherence, exchange rate depreciation, availability of skilled labor, endowment of natural resources and inflation.

“You will agree with me that the four years spanning 2017 and 2020 are characterized by struggle to exit from economic recession, a period of slight recovery, the COVID-19 pandemic, and another period of recession. These circumstances may or may not be responsible for the political and economic reaction that can be witnessed in the uncertainty in the foreign exchange market, increased inflation, increased unemployment, increased political unrest and insecurity and so on.

“What can be established is that Foreign Direct Investment is averse to risk and uncertainty, especially the kind of uncertainty brought about by policy instability and economic policy. An obvious example is the closure of the land borders in 2019, while justifiable through the lens of national security is certain to have a negative impact on Foreign Direct Investment which has a long-term planning horizon.

“In summary, to seek to increase actual FDI is to promote the factors that have been shown, empirically, to positively impact FDI. While the Nigerian economy checks the boxes of most of these factors, economic policy coherence, foreign exchange market stability and insecurity are issues that are currently the bane of FDI inflows.”

Also commenting, an economist and private sector advocate, Dr. Muda Yusuf, who is also the immediate past Director General of Lagos Chamber of Commerce of Industry (LCCI), said the development reflects low level of investors’ confidence occasioned by structural problems of infrastructure and worsening security situation.

His words: “It is investors’ confidence that drives investment, whether domestic or foreign. Investors are generally very cautious and painstaking in taking decisions with respect to Foreign Direct Investment (FDI). This is because FDIs are often long term and invariably more risky, especially in volatile economic and business environments. Uncertainties aggravate investment risk.

“Investors in the real sector space are grappling with structural problems especially around infrastructure. There are also worries around liquidity in the forex market; there are concerns about the accelerated weakening of the currency. There are issues of heightened regulatory and policy risks in many sectors.

“Investors’ confidence has also been adversely affected by the worsening security situation in the country. Meanwhile, the economy is still struggling to recover from the shocks of the COVID-19 pandemic. These are the likely factors impacting investment decisions.

“Our ability to attract FDI will depend on how well we position ourselves. The critical question will be around expected returns on investment. Overall, it is the investment climate quality that will make the difference. We need to ensure an acceleration of necessary reforms to make Nigeria a much better investment destination. We need policy reforms, regulatory reforms and institutional reforms, among others.

“We should accelerate the ongoing foreign exchange reforms; we need to undertake trade policy reforms to liberalize trade in sectors of weak comparative advantage; we need regulatory reforms to make regulations more investment friendly. We need to create new opportunities in the public private partnership (PPP) space, especially in infrastructure. We need to see more privatization of public enterprises.

“It is important as well to quickly fix the ravaging insecurity in the country. All of these are crucial to boost investors’ confidence.”

AGENCY

Monday

Exclusive: Watchdog finds Black girls face more frequent, severe discipline in school

Chimamanda Ngozi Adichie

CC™ Perspectives 

By Claudia Grisales 

Black girls face more discipline and more severe punishments in public schools than girls from other racial backgrounds, according to a groundbreaking new report set for release Thursday by a congressional watchdog. 

The report, shared exclusively with NPR, took nearly a year-and-a-half to complete and comes after several Democratic congressional members requested the study.

Massachusetts Rep. Ayanna Pressley and former House Speaker Nancy Pelosi, later with support from Connecticut Rep. Rosa DeLauro, asked the Government Accountability Office in 2022 to take on the report.

The findings offer a first of its kind snapshot of the disciplinary disparities that Black girls face in public schools across the U.S. — often for similar behaviors. 

Over the course of the 85-page report, the GAO says it found that in K-12 public schools, Black girls had the highest rates of so-called "exclusionary discipline," such as suspensions and expulsions. Overall, the study found that during the 2017-18 school year, Black girls received nearly half of these punishments, even as they represent only 15% of girls in public schools. 

According to the report, Black girls accounted for 45% of out-of-school suspensions, 37% of in-school suspensions and 43% of expulsions for actions like "defiance, disrespect, and disruption." Nationally, Black girls received such exclusionary discipline at rates 3 to 5.2 times those of white girls. The study also found that when they had a disability, discipline rates for Black girls grew even larger.

"This new report, it's damning. It affirms what we've known all along that Black girls continue to face a crisis of criminalization in our schools," Pressley said. "And the only way we can address this crisis is through intentional, trauma-informed policy. And Congress must act."

The GAO report is the first to examine underlying infraction data among discipline disparities and identify what contributes to them, according to Pressley's office. It found that school poverty levels, the percentage of girls facing disabilities, the number of new teachers and the presence of a school resource officer were among the factors tied to increased discipline for girls.

For her part, Pressley said it's clear that racism, colorism and other biases such as adultification — or perceiving girls as older and more mature than their peers — also contribute to the harsher discipline of Black girls.

Pressley and other women members of Congress are set to present the findings on Thursday.

“I hope that, because of these important findings, schools across the country and policymakers at every level of government examine the use of exclusionary discipline policies that are disproportionately harming Black girls,” said DeLauro, the top Democrat on the House Appropriations Committee.

The report found that punishments grow more dramatically in cases of girls who present with additional levels of diversity, such as Black girls who are also part of the LGBTQ community. Pressley said that the biased discipline patterns are deeply harmful, contributing to low self-esteem while detracting from students' ability to learn.

SOURCE: NPR

Sunday

The toxic legacy of the Confederacy and why the monuments remain a painful vestige of its sordid past

Caroline Randall Williams
By Caroline Randall Williams

I have rape-colored skin. My light-brown-blackness is a living testament to the rules, the practices, the causes of the Old South. 

If there are those who want to remember the legacy of the Confederacy, if they want monuments, well, then, my body is a monument. My skin is a monument. 

Dead Confederates are honored all over this country — with cartoonish private statues, solemn public monuments and even in the names of United States Army bases. It fortifies and heartens me to witness the protests against this practice and the growing clamor from serious, nonpartisan public servants to redress it. 

But there are still those — like President Trump and the Senate minority leader, Mitch McConnell — who cannot understand the difference between rewriting and reframing the past. I say it is not a matter of “airbrushing” history, but of adding a new perspective. 

I am a black, Southern woman, and of my immediate white male ancestors, all of them were rapists. My very existence is a relic of slavery and Jim Crow. 

According to the rule of hypodescent (the social and legal practice of assigning a genetically mixed-race person to the race with less social power) I am the daughter of two black people, the granddaughter of four black people, the great-granddaughter of eight black people. Go back one more generation and it gets less straightforward, and more sinister. As far as family history has always told, and as modern DNA testing has allowed me to confirm, I am the descendant of black women who were domestic servants and white men who raped their help. 

It is an extraordinary truth of my life that I am biologically more than half white, and yet I have no white people in my genealogy in living memory. No. Voluntary. Whiteness. I am more than half white, and none of it was consensual. White Southern men — my ancestors — took what they wanted from women they did not love, over whom they had extraordinary power, and then failed to claim their children. 

What is a monument but a standing memory? An artifact to make tangible the truth of the past. My body and blood are a tangible truth of the South and its past. The black people I come from were owned by the white people I come from. The white people I come from fought and died for their Lost Cause. And I ask you now, who dares to tell me to celebrate them? Who dares to ask me to accept their mounted pedestals? 

You cannot dismiss me as someone who doesn’t understand. You cannot say it wasn’t my family members who fought and died. My blackness does not put me on the other side of anything. It puts me squarely at the heart of the debate. I don’t just come from the South. I come from Confederates. I’ve got rebel-gray blue blood coursing my veins. My great-grandfather Will was raised with the knowledge that Edmund Pettus was his father. Pettus, the storied Confederate general, the grand dragon of the Ku Klux Klan, the man for whom Selma’s Bloody Sunday Bridge is named. So I am not an outsider who makes these demands. I am a great-great-granddaughter. 

And here I’m called to say that there is much about the South that is precious to me. I do my best teaching and writing here. There is, however, a peculiar model of Southern pride that must now, at long last, be reckoned with. 

This is not an ignorant pride but a defiant one. It is a pride that says, “Our history is rich, our causes are justified, our ancestors lie beyond reproach.” It is a pining for greatness, if you will, a wish again for a certain kind of American memory. A monument-worthy memory. 

But here’s the thing: Our ancestors don’t deserve your unconditional pride. Yes, I am proud of every one of my black ancestors who survived slavery. They earned that pride, by any decent person’s reckoning. But I am not proud of the white ancestors whom I know, by virtue of my very existence, to be bad actors. 

Among the apologists for the Southern cause and for its monuments, there are those who dismiss the hardships of the past. They imagine a world of benevolent masters, and speak with misty eyes of gentility and honor and the land. They deny plantation rape, or explain it away, or question the degree of frequency with which it occurred. 

To those people it is my privilege to say, I am proof. I am proof that whatever else the South might have been, or might believe itself to be, it was and is a space whose prosperity and sense of romance and nostalgia were built upon the grievous exploitation of black life. 

The dream version of the Old South never existed. Any manufactured monument to that time in that place tells half a truth at best. The ideas and ideals it purports to honor are not real. To those who have embraced these delusions: Now is the time to re-examine your position. 

Either you have been blind to a truth that my body’s story forces you to see, or you really do mean to honor the oppressors at the expense of the oppressed, and you must at last acknowledge your emotional investment in a legacy of hate. 

Either way, I say the monuments of stone and metal, the monuments of cloth and wood, all the man-made monuments, must come down. I defy any sentimental Southerner to defend our ancestors to me. I am quite literally made of the reasons to strip them of their laurels. 

Caroline Randall Williams(@caroranwill) is the author of “Lucy Negro, Redux” and “Soul Food Love,” and a writer in residence at Vanderbilt University. Ms. Williams' oped piece was originally published in the New York Times

Saturday

Pax Africana — Of Captain Ibrahim Traore and the eternal barnacles at the gate

CC™ Editor's Corner

By Editor-in-Chief 

The tragedy of the geopolitical dynamics of African politics is how the West (namely the European Union and the United States) consistently adopt the same template in their quest to destabilize and dislodge any semblance of structure, organization and development in Africa. 

And they continue to adopt the same time-tested and proven approach of using an our own ‘organic infrastructure’ — institutions, groups and individuals, to demonize and then ultimately destroy their target. First, it was Kwame Nkrumah, then Patrice Lumumba, Muritala Mohammed, Thomas Sankara, and Muammar Gaddafi.

The latest target of these eternal barnacles — is the indefatigable and indomitable Lion of Africa, Captain Ibrahim Traore of Burkina Faso.

The usual suspects never retreat in their sanguineous quest for control of Africa’s resources. What makes this even more unfortunate is the debilitating dearth of visionary leadership on the African continent as a whole, save for a few like Traore. In addition to the threat posed by the West, an even greater and more potent threat is the one from within and right next door, from the so-called Middle-East, the Gulf states, to be precise. The Gulf states, particularly Saudi Arabia and the UAE, have indeed been accused of fueling sectarian violence and jihadist movements across Africa, often under the guise of religious or developmental aid, with the acquiescence of their western collaborators, namely France and the United States. 

Traore’s rejection of Saudi Arabia’s mosque-building offer, a move widely interpreted as a soft-power push (by the Saudis) to expand Wahhabi influence, demonstrates a keen awareness of the ideological and geopolitical traps that have ensnared other African nations.

Africa is indeed at a crossroads and Ibrahim Traore is merely a precursor to the impending wave of African Nationalism. The spirit of Thomas Sankara, Patrice Lumumba and Kwame Nkrumah lives on, but their successors must learn from history, and NOT repeat it! 

The rebirth of Africa, while being rooted in pragmatic revolution, one that arms itself with knowledge, economic independence, and unshakable cultural confidence, must also be spiritual. The latter is an unabashed call for cultural decolonization through pan-African unity and a return to pre-colonial value systems. Only then can Africa truly break the chains — both old and new. 

© Boyejo Coker. All Rights Reserved

Friday

Flashback: Nigeria - Sultan of Sokoto condemns Boko Haram crackdown


CC™ Editor's Flashback

The sultan of Sokoto, the spiritual leader of Nigeria's Muslims, has condemned the military crackdown against the Islamist Boko Haram sect.

"We cannot solve violence with violence," Mohamed Sa'ad Abubakar told a meeting of religious leaders.

The Boko Haram, based in the north-eastern city of Maiduguri, says it is fighting for Islamic rule.

It has been behind recent assassinations of prominent figures and a wave of bombings.

Two years ago, Nigeria's security forces brutally suppressed an uprising by the sect, destroying its compound in Maiduguri - the capital of Borno state - and then capturing and killing its leader Mohammed Yusuf.

Instead of disappearing, the group, which opposes Western education and is fighting for Islamic rule, re-emerged last September and vowed to avenge its leader's death.

Last month, it said it had carried out an attack on the headquarters of the Nigerian police in Abuja, which killed at least six people.

But the response of the security forces has led to criticism from rights group and the governor of Borno state.

Correspondents say many residents of Maiduguri are now more scared of the army than they are of Boko Haram.

"That problem can never be solved by drafting soldiers into cities where there is [a] problem - and in the process innocent lives were lost," said the sultan, who once served as military officer.

It is the first time the sultan has spoken about the Boko Haram insurgency.

Muslim clerics who have criticised the sect have been among those targeted for assassination in drive-by shootings over the past year.

The sultan also said the five policemen who have just gone on trial this month for the killing of Mr Yusuf should not be given bail.

Boko Haram's official name is Jama'atu Ahlis Sunna Lidda'awati wal-Jihad, which in Arabic means "People Committed to the Propagation of the Prophet's Teachings and Jihad".

But residents of Maiduguri, where it was formed in 2002, dubbed it Boko Haram. 

Loosely translated from the local Hausa language, this means Western education is forbidden.

Boko Haram sees such education as corrupting Muslims.

Nigeria - Africa's most populous nation - is split between the predominately Muslim north and largely Christian south.

Editor’s Commentary - This piece was published on July 29, 2011 and another Southerner, Goodluck Jonathan was President of the Federal Republic of Nigeria. Sultan Mohamed Sa'ad Abubakar has always been a wolf in sheep’s clothing. In the piece in question from 2011, he (Sultan Abubakar), the leader of Nigeria’s Northern Muslims, vehemently opposed the military crackdown on the terrorists at the time, particularly because it was being led by a Southern Chief of Army Staff, a South-Easterner (Retired Lieutenant general Azubuike Ihejirika) to be precise, and it was also yielding results in terms of decimating the insurgents in a devastating way. 

Sultan Abubakar, Nasir El-Rufai and ex-president, Muhammadu Buhari are religious and ethnic Fulani irredentists, who secretly and overtly (as El-Rufai did as Kaduna State Governor) subscribe to the tenets of Fulani supremacy and dominance by any means necessary. The hypocrisy of the Sultan of Sokoto is not debatable and he lacks (and will always lack) credibility when it comes to the twin issue of ethno-religious intolerance in Nigeria, as it relates to the ethnic cleansing in the Middle-Belt and other parts of Nigeria by the Fulani Herdsmen and Boko Haram.

Thursday

Thoughts and Perspectives…..

Thoughts and Perspectives.....

There are those…
Who will not let things be… because they have ascribed unto themselves the dubious distinction of being all-knowing, and all-conquering…
There are those…
Who will not let things be… because their greed and avarice has overtaken their sense of humanity, fairness and compassion…
There are those…
Who will not let things be… because they have killed their conscience and ultimately succeeded in shutting the window to their soul…
There are those…
Who will not let things be… because they do not have it in them to see ahead, and as such, they must continually look back…
There are those…
Who will not let things be… because they are conditioned to forever sell their souls to the devil…
There are those…
Who will not let things be… because they are devoid of even the slightest ounce of human decency and integrity…
There are those…
Who will not let things be… because not only are they bereft of ideas, but more importantly, they are lacking in courage and a sense of devoir…
There are those…
Who will not let things be… because of their penchant for obfuscating diatribes…
There are those…
Who will not let things be… because of their inherent sense of inferiority feigned by a debilitating superiority complex…
There are those…
Who will not let things be… because their antecedents tell you they are eternal rogues, liars and marauders…
There are those…
Who will not let things be… because of their disposition to being not only deceitful, but also, exceedingly treacherous…
There are those…
Who will not let things be… but would rather dibble, dabble and dicker…
There are those…
Who will not let things be… because they would rather destroy than build…
There are those…
Who will not let things be… because their very being serves to be, the manifestation of an anathema…
There are those…
Who will not let things be… because they have never known or felt the brunt of their misgivings and past misdeeds…
There are those…
Who will not let things be… but prefer to see themselves as victims, even though the overwhelming evidence, is to the contrary…
There are those…
Who will not let things be… but would rather engage in the art of "Water Power" all in a bid to fulfill their hidden agenda…
There are those…
Who will not let things be… because they will forever moan about their "plight", but conveniently forget, that you reap what you sow…
There are those…
Who will not let things be… because they will forever revel in the art of debauchery…
There are those…
Who will not let things be… because of their jaundiced penchant for revisionist history…
There are those…
Who will not let things be… because of their susceptibility to calculated miscalculations…
There are those…
Who will not let things be… because of their disposition to selective encumbrances…
There are those…
Who will not let things be… because rather than act as leaders, they see themselves as rulers…
There are those…
Who will not let things be… because as Baruch Spinoza once stated, "their self-complacency has become pleasure accompanied by the idea of them as cause…"
There are those…
Who will not let things be… because they do not know any better, but refuse to ask how to…
There are those…
Who will not let things be… because they know better, but prefer not to act accordingly…
There are those…
Who will not let things be… because they have lost their way and insist on remaining in a
State of flux…
There are those…
Who will not let things be… because rather than look within, they would much rather look without…
There are those…
Who will not let things be… because they are as clueless as to the objectivity of sense, as they are to their sense of objectivity…
There are those…
Who will not let things be… because they spit in our faces and tell us it’s raining…
There are those…
Who will not let things be… because they tell us good morning although the sun has just set…
There are those…
Who will not let things be… because you and I have never asked them why…
There are those…
Who will not let things be… because you and I have never asked them how…
There are those…
Who will not let things be… because you and I have never asked them when…
There are those…
Who will not let things be… because you and I have never asked them where…
There are those…
Who will not let things be… because you and I shed our blood to make them whole…
There are those…
Who will not let things be… because they underestimate our resolve and determination…
There are those…
Who will not let things be… because they do all these at their own peril…

© Boyejo Coker. All Rights Reserved

Wednesday

Ten things we've learnt about identity politics in the United States

CC™ Editor-in-Chief
--- Boyejo A. Coker

a) Racism is an institution not an event, statement or action, as evident by the silence and acquiescence of the Republican members of Congress to the dangerous and highly-charged statements, and actions of former President Donald Trump for 4 years, that ultimately culminated in the violent insurrection by White Supremacist supporters of his, against the Congress of the United States on January 6th, 2021. His rhetoric hasn’t changed since he left office, as despite being convicted by a U.S. Court on 34 counts among other legal hurdles he faces, he remains in pole position to regain office as the 47th President of the United States.

b) Former House Speaker Nancy Pelosi actually instigated the singling out (in 2019) of the women of color in the U.S. House by referring to them as "just four people with no following". That was all Donald Trump needed to strike at the time, against those women. 

c) Donald Trump "is not a racist". The power structure that enabled him become the POTUS (still incredibly threatens to bring him back in 2024), and continues to facilitate his trampling upon the Constitution with impunity, is racist, and was set up to be that way by the founding fathers, who enslaved the Africans that were brought to America and saw them as less than human.

d) President Barack Obama would not have been elected to office if he had bragged about sexually assaulting women, and he would definitely have been impeached, and removed from office, if he had conducted himself in office as Trump did.

e) Imagine what would have happened if Barack Obama had asked those that criticized his administration to leave the country, if they did not like the way things were being done. Or worse still, if he (Obama) had threatened to unleash the U.S. military on American citizens, protesting in the streets. Lastly, I am confident Barack Obama would have been impeached and convicted within a week (at most) if he had instigated an insurrection against a co-equal branch of government. White privilege, an indulgent by-product of White Supremacy is responsible for Donald Trump’s ability to remain relevant in the American political landscape. 

f) Gratitude is not a requirement of citizenship. Furthermore, all U.S. citizens (naturalized or natural born) have equal rights, or do they.......?

g) The old order of the Democratic party is completely out of touch and the treatment of the four women Representatives of color by former Speaker Pelosi four years ago, serves to buttress that point.

h) The Republican party has always had a playbook steeped in identity politics. Anyone remember the Willie Horton ads? Trump and his Harvard educated running mate are not doing anything new, with regard to the demonization of Haitian immigrants in Springfield, Ohio, they simply took a time-tested and proven page out of the Republican playbook of identity politics. 

i) The palpable silence of the so-called religious leaders (especially the white religious leaders) in the United States tells you all you need to know about them.

j) The palpable silence (and obvious acquiescence) of most top American CEOs and business leaders also tells you all you need to know about them and their organizations. The ones that have 'spoken out' are not only late to the game (they are still Trump’s biggest donors and supporters by the way), but are speaking out merely to 'sanitize' their brand, as well as clear whatever is left of their conscience (assuming most of them actually have one).