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• April 9, 2025
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US vs China: Serious financial crisis looms – Ex-Treasury Secretary, Summers warns Trump

Former United States Secretary of Treasury, Lawrence Summers, has warned that the nation is headed for serious financial crisis wholly induced by US government tariff policy. Summers noted that the long-term interest rates are gapping up, even as the stock market moves sharply downwards – a development he described as a highly unusual pattern. According
US vs China: Serious financial crisis looms – Ex-Treasury Secretary, Summers warns Trump

Former United States Secretary of Treasury, Lawrence Summers, has warned that the nation is headed for serious financial crisis wholly induced by US government tariff policy.

Summers noted that the long-term interest rates are gapping up, even as the stock market moves sharply downwards – a development he described as a highly unusual pattern.

According to him, this suggests a generalized aversion to US assets in global financial markets.

Summers made this known in a post on his X handle on Wednesday amid the tariff war between the United States and China.

He lamented that the US is being treated by global financial markets like a problematic emerging market.

DAILY POST reported that China raised its tariff on the US to 84 percent, up from 34 percent, effective April 10.

The retaliatory tariffs was announced shortly after US President Donald Trump nearly doubled duties on Chinese imports.

DAILY POST reports that the US and China are now in a significant escalation of their trade war.

Discussing the matter on X, Summers maintained that the only way to mitigate the risks is for Trump to back off his current path.

He said: “Developments in the last 24 hours suggest we may be headed for serious financial crisis wholly induced by US government tariff policy.

“Long-term interest rates are gapping up, even as the stock market moves sharply downwards. This highly unusual pattern suggests a generalized aversion to US assets in global financial markets. We are being treated by global financial markets like a problematic emerging market.

“This could set off all kinds of vicious spirals, given government debts and deficits and dependence on foreign purchasers.

“The only way to mitigate these risks is for the President @realDonaldTrump to back off his current path. This is the first US bout of US financial instability caused by the US government.”

US vs China: Serious financial crisis looms – Ex-Treasury Secretary, Summers warns Trump

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• April 9, 2025
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Why Republicans must pass tax cut bill now – Trump

President Donald Trump of the United States on Wednesday called on the Republicans in the House of Representative to pass the tax cut bill. Trump assured that the US will experience boom if the tax cut bill is passed by the Republican lawmakers. Posting on X, he wrote: “It is IMPERATIVE that Republicans in the
Why Republicans must pass tax cut bill now – Trump

President Donald Trump of the United States on Wednesday called on the Republicans in the House of Representative to pass the tax cut bill.

Trump assured that the US will experience boom if the tax cut bill is passed by the Republican lawmakers.

Posting on X, he wrote: “It is IMPERATIVE that Republicans in the House pass the Tax Cut Bill, NOW! Our Country Will Boom.

“Republicans, it is more important now, than ever, that we pass THE ONE, BIG, BEAUTIFUL BILL. The USA will Soar like never before.”

This comes as Trump charged the Federal Reserve to cut rates.

Defending the proposed cut, Trump noted that oil prices are down, cost of processing food is down, and there is no inflation in the US.

Posting on Truth, Trump also warned that he has had enough of China taking advantage of the US.

According to Trump, past leaders are to blame for China’s action.

He wrote: “Oil prices are down, interest rates are down (the slow moving Fed should cut rates!), food prices are down, there is NO INFLATION, and the long time abused USA is bringing in Billions of Dollars a week from the abusing countries on Tariffs that are already in place.

“This is despite the fact that the biggest abuser of them all, China, whose markets are crashing, just raised its Tariffs by 34%, on top of its long term ridiculously high Tariffs (Plus!), not acknowledging my warning for abusing countries not to retaliate.

“They’ve made enough, for decades, taking advantage of the Good OL’ USA!

“Our past “leaders” are to blame for allowing this, and so much else, to happen to our Country. MAKE AMERICA GREAT AGAIN.”

Why Republicans must pass tax cut bill now – Trump

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• April 9, 2025
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Don’t fear anybody, speak up, Nigeria is collapsing – Peter Obi tells opposition

The 2023 Labour Party, LP, presidential candidate, Peter Obi, has urged party members not to fear anyone, stressing that Nigeria is in a state of collapse and urgently needs rescue. He made this statement while addressing party members during the ongoing National Executive Council, NEC, meeting in Abuja. “Do not fear anybody. Those who were
Don’t fear anybody, speak up, Nigeria is collapsing – Peter Obi tells opposition

The 2023 Labour Party, LP, presidential candidate, Peter Obi, has urged party members not to fear anyone, stressing that Nigeria is in a state of collapse and urgently needs rescue.

He made this statement while addressing party members during the ongoing National Executive Council, NEC, meeting in Abuja.

“Do not fear anybody. Those who were afraid yesterday didn’t do any better,” Obi said. “We must speak out when things are going wrong. Nigeria is collapsing. The numbers are clear; the indices are clear—people are getting poorer every day.”

The former Anambra State governor stressed the need for unity and inclusion within the party.

“The Labour Party has chosen to be a family, and we must do everything as a family. It’s not about Peter Obi’s choice; it’s everyone’s choice. This family excludes no one. We want to build a party that is fair and just.

“We want to go into the next election fully prepared, offering Nigerians the best and most competent candidates for the House of Representatives, the Senate, Governorships, and the Presidency.”

He also emphasised the relevance of party loyalty and competence among aspirants, adding that they want to correct the mistakes they made in the past.

“Anyone seeking to contest under our party must be a committed member, not just someone passing through. They must be competent,” he added.

Don’t fear anybody, speak up, Nigeria is collapsing – Peter Obi tells opposition

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Rivers: Pro-democracy group demands reversal of LG appointments, asks Tinubu to call Ibas to order

Citizens for Democratic Watch (CDW), a pro-democracy group, has condemned the appointment of administrators for the 23 local government areas in Rivers State by the sole administrator, Ibok-Ete Ibas, describing it as “a dangerous abuse of power and a direct attack on the constitution”. This latest action, which came just 24 hours after a federal
Rivers: Pro-democracy group demands reversal of LG appointments, asks Tinubu to call Ibas to order

Citizens for Democratic Watch (CDW), a pro-democracy group, has condemned the appointment of administrators for the 23 local government areas in Rivers State by the sole administrator, Ibok-Ete Ibas, describing it as “a dangerous abuse of power and a direct attack on the constitution”.

This latest action, which came just 24 hours after a federal high court restrained Ibas from making such appointments, has triggered widespread concern over what CDW calls “the rapid erosion of democratic institutions under the guise of emergency governance”.

In a statement on Wednesday, Dr Hassan Dantani, Executive Director of CDW, called on President Bola Tinubu and the leadership of the National Assembly to intervene before the situation spirals out of control.

“Appointing 23 sole administrators in clear defiance of a federal court order is not only unlawful — it is tyrannical,” Dantani said.

“No state of emergency gives anyone the license to override the judiciary, erase local governance, and act above the law. This must be condemned in the strongest terms.”

Dantani noted that the local government system is a constitutionally recognised tier of government, and any attempt to run it without democratic structures sets a very dangerous precedent.

“This action by Ibok-Ete Ibas is a grave violation of Section 7 of the 1999 Constitution, which guarantees the system of democratically elected local government councils,” he said.

“Our democracy cannot function if unelected individuals are imposed to run local governments under military-style appointments.”

CDW warned that if allowed to stand, the appointments could embolden future political actors to trample on the rule of law and weaken the judiciary.

“The blatant disregard for a valid court order should alarm every Nigerian, regardless of political affiliation,” Dantani said.

“When leaders ignore court rulings and impose their will, what remains of the rule of law? If we allow this to stand in Rivers, it could happen anywhere else.”

The group called on the National Assembly to urgently summon the Rivers sole administrator to explain his actions and ensure that all constitutional boundaries are respected.

“We urge the Senate and House of Representatives to treat this matter as a priority,” he added.

“Democracy must not be sacrificed on the altar of expediency or political convenience.”

Dantani concluded by demanding the immediate reversal of the LGA appointments and a return to constitutional order.

“The people of Rivers State deserve legitimate, elected representation — not handpicked appointees. We must not normalise authoritarian shortcuts in a democratic society,” the group warned.

Rivers: Pro-democracy group demands reversal of LG appointments, asks Tinubu to call Ibas to order

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Ibas makes key appointments in Rivers civil service, LG commissions

Ibok-Ete Ibas, the Rivers State Sole Administrator, has announced the appointment of new chairpersons and members for the state’s Civil Service Commission and Local Government Service Commission. The announcement was made by the Secretary to the State Government, SSG, Ibibia Lucky Worika. The statement read: “His Excellency, Vice Admiral (Rtd) Ebok-Ete Ekwe Ibas CFR, Administrator
Ibas makes key appointments in Rivers civil service, LG commissions

Ibok-Ete Ibas, the Rivers State Sole Administrator, has announced the appointment of new chairpersons and members for the state’s Civil Service Commission and Local Government Service Commission.

The announcement was made by the Secretary to the State Government, SSG, Ibibia Lucky Worika.

The statement read: “His Excellency, Vice Admiral (Rtd) Ebok-Ete Ekwe Ibas CFR, Administrator of Rivers State, has approved the appointment of members of the Civil Service Commission and Local Government Service Commission.

CIVIL SERVICE COMMISSION:

1. Dr Livinus Bariki – Chairman
2. Amb. Lot Peter Egopija – Member
3. Mrs Maeve Ere Bestman – Member
4. Mrs Joy Obiaju – Member
5. Mrs Charity Lloyd Harry – Member

LOCAL GOVERNMENT SERVICE COMMISSION:

1. Mr Isreal N Amadi – Chairman
2. Mr Linus Nwandem – Member
3. Lady Christabel Ego George Didia – Member
4. Dr Tonye Willie D Pepple – Member
5. Barr Richard Ewoh – Member
6. Rear Adm. Emmanuel Ofik (Rtd) – Member
7. Dr Sammy Apiafi – Member

Ibas makes key appointments in Rivers civil service, LG commissions

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NACA raises alarm over high HIV prevalence rate in Taraba

The Director General of the National Agency for the Control of AIDS (NACA), Dr. Temitope Ilori, has expressed concern over the 2.9% HIV prevalence rate in Taraba State, calling for intensified and united efforts to curb the spread of the virus and meet the 2030 goal of ending AIDS. Ilori made the remarks on Tuesday
NACA raises alarm over high HIV prevalence rate in Taraba

The Director General of the National Agency for the Control of AIDS (NACA), Dr. Temitope Ilori, has expressed concern over the 2.9% HIV prevalence rate in Taraba State, calling for intensified and united efforts to curb the spread of the virus and meet the 2030 goal of ending AIDS.

Ilori made the remarks on Tuesday in Jalingo during the inauguration of the Prevention of Mother-to-Child Transmission (PMTCT) and Paediatric HIV Acceleration Committee (PPAC).

She emphasized the need for collaborative and sustained action from all sectors, including the state government, development partners, health workers and community members.

“We must work together to reduce this prevalence rate to zero. The fight against HIV requires consistent, collective action,” she stated.

Addressing recent concerns about access to HIV medication, Ilori refuted reports linking the alleged shortage of antiretroviral drugs to the withdrawal of USAID support. She assured the public that the medications remain freely available nationwide.

She also commended the Taraba State government for its commitment to healthcare, noting that health ranks high on the administration’s priority list, second only to education.

Speaking at the same event, the Director General of the Taraba State AIDS Control Agency, TACA, Dr. Bako Ali Istifanus, described the committee’s inauguration as a “historic moment” in the state’s battle against HIV/AIDS.

He highlighted the importance of protecting women and children, the most vulnerable groups affected by the epidemic.

“This committee marks a significant milestone in our collective effort to eliminate mother-to-child transmission of HIV and ensure that no child is born with the virus in Taraba,” he said.

While acknowledging progress made over the years, Istifanus noted that challenges remain, particularly in PMTCT and paediatric HIV services.

He described the newly formed PPAC as a strategic initiative to strengthen coordination, advocacy, and delivery of quality healthcare across the state.

Istifanus also praised Ilori for her leadership at NACA, which he said has made a tangible difference in state level HIV response efforts.

He reaffirmed Taraba State’s full commitment to the committee’s success, pledging support to ensure that no woman dies from AIDS-related causes and no child is born HIV positive.

NACA raises alarm over high HIV prevalence rate in Taraba