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Tinubu’s victory heralds new dawn in Nigeria, says group



Diamond Group Nigeria (DGN), a Non-Governmental Organisation, has described the emergence of Sen. Bola Tinubu as President-elect, as a new dawn for Nigeria.

This is contained in a congratulatory message to Tinubu and his running mate, Sen. Kashim Shettima on their victory in the just concluded presidential election.

The congratulatory message made available to newsmen in Akure on Friday and signed by the group’s Chairman, Mr Toyyib Musa-Omoloja, said that the victory reflected the wishes of majority of Nigerians across the country.

It said that after the hard-won election, the president-elect and his team should strive to unite the country that had been divided along ethnic and religious lines during the electioneering period.

“The incoming government must take note of the loud sentiment of the youth demographic which could be discerned from their voting pattern in the elections.

“The youth and of course the generality of Nigerians desire a new Nigeria that all of us will be proud of,” the group said.

It also said that since there was no victor and no vanguished in the presidential election, other contestants should congratulate the president-elect and support him to achieve the rebirth the country craves for.

The DGN also advised those with genuine concerns to approach the courts rather than put democracy at risk through unguarded actions and utterances.

“We pray that the new Nigeria, which the “Renewed Hope” mandate of President-elect, Bola Ahmed Tinubu, symbolises, will usher in great blessings for Nigeria and Nigerians,” the group said.

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I Still Get Attacked By People – Yakubu Aiyegbeni Reveals



In a recent interview, former Nigerian football star Yakubu Aiyegbeni has revealed that he continues to receive messages and criticisms from fans, years after his infamous miss during the 2010 FIFA World Cup match against South Korea.

The moment, etched into football history, occurred during Nigeria’s crucial group stage game against South Korea. With the score tied at 2-2 and a spot in the knockout stages on the line, Aiyegbeni found himself with what seemed like an open goal opportunity. However, to the shock of fans worldwide, he missed the chance, leaving Nigeria unable to secure the much-needed victory.

Despite this moment happening over a decade ago, Aiyegbeni expressed his surprise at the ongoing messages he receives about the miss. “I still get messages from people, different messages,” he stated in the interview. “It’s surprising how that moment still sticks with people, even after all these years.”

The striker, who had a successful career playing for clubs like Everton and Portsmouth in the English Premier League, admitted that the miss was a tough moment in his career. “Of course, it was a big moment, and I wish it had gone differently. But in football, you have highs and lows,” he remarked.

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Job Losses, Factory Closures Loom As Unsold Goods Pile Up — MAN



AGAINST the backdrop of sustained pressure in the foreign exchange market and high cost of production, the Manufacturers Association of Nigeria, MAN has indicated that inventory of unsold goods is escalating to levels now threatening the existence of companies operating in the production sector of the economy with attendant job losses.

Findings show that as of the weekend the foreign exchange market had recorded over 254 per cent plunge in the value of the naira since flotation of the currency by the Central Bank of Nigeria (CBN) in June 2023.

Recall that the naira traded for N471 per dollar in the official I&E market on June 13, 2023 before the floatation of the currency, but exchanged for N1,665.50 to a dollar as at February 23, 2024 on the Nigerian Foreign Exchange Market (NAFEM), indicating a depreciation of more than 253.6 per cent over the eight-month period. The forex crisis is also stoking inflation, and coupled with high energy costs, purchasing power has continued plummet, stifling demand for goods.

Speaking on the impact of this development on the manufacturing sector, Director General, MAN, Segun Ajayi-Kadir, said: “There are reports that across the board, many warehouses and plants of many manufacturing firms are stockpiled with unsold goods manufactured last year. “The development is as a result of the devastating effects of the exchange rate crisis, inflation, fake and sub-standard goods, smuggling and other macro-economics challenges.”

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