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Revealed! Ethiopia Is Now Africa’s Fastest Growing Economy

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Ethiopia Is Now Africa’s Fastest Growing Economy

CNN) — Ethiopia, Africa’s second most populated country, is forecast to be the fastest growing economy in Sub-Saharan Africa this year, according to new data from the IMF.
Ethiopia’s economy is predicted to grow by 8.5% this year.
The figures signal continued economic expansion following a long period of impressive growth. In the last decade, Ethiopia has averaged around 10% economic growth, according to the IMF.

To boost the economy, the country is pursuing a number of large-scale infrastructure projects, including the Grand Renaissance Dam and a railway network.
“(Ethiopia) has had a very high growth rate and I think that’s a result in large part of a very concentrated effort by the government to boost industrial production and manufacturing,” said Vijaya Ramachandran, an economist at the American think tank Center for Global Development (CGD).
Ramachandran, along with three academics, released a report suggesting Ethiopia can follow in China’s footsteps, and become a destination for low-wage manufacturing jobs.

However, despite sustained economic growth, in the past few years Ethiopia has experienced increasing unrest from Oromo groups in the Oromiya region. According to human rights groups, the government has suppressed basic rights and freedoms.

New Prime Minister Abiye Ahmed was sworn at the beginning of April, signaling an intent to ease tensions.

Economic Growth.
Ivory Coast is expected to be the second fastest growing economy in the region at 7.4%. Rwanda’s estimated economic growth is 7.2%, and the West African country Senegal is projected to have 7% growth.

The data reveals that Ghana, which was previously forecast as the fastest growing economy in Sub-Saharan Africa in October 2017, at 8.9%, slowed in its predicted growth to 6.4%. Last year, a reported surge in oil and gas production helped propel the country’s economy. Related Article:44 African countries agree free trade agreement, Nigeria yet to sign
Nigeria, Africa’s largest economy, is predicted to grow by 2.1%, an increase from 1.9% forecast in October 2017.

“They’ve updated it to 2.1%. However, they have emphasized the risks. The falling commodity prices and imbalances that are to arise because of the elections,” Bismarck Rewane, a Nigerian economist, told CNN.

Related Article: Tanzanian govt demands $930 fee from bloggers in internet clampdown
South Africa’s predicted growth stands at 1.5%.
Long term, according to a report from the World Bank in 2016, the proportion of the African population in extreme poverty has declined, but the overall number has increased as the continent’s population expands.

Growth across the whole region is forecast to average 3.4%, below the total world growth figure of 3.9%.

www.cnn.com/2018/01/24/africa-largest-economy/index.html

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₦10 Billion Solar Panels at Aso Rock: Tinubu’s Silent Vote of No Confidence in Nigeria’s Electricity Sector

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₦10 Billion Solar Panels at Aso Rock: Tinubu’s Silent Vote of No Confidence in Nigeria’s Electricity Sector

By George Omagbemi Sylvester

 

In a country where over 90 million citizens live without reliable access to electricity, where epileptic power supply continues to stifle businesses, education, and healthcare, President Bola Ahmed Tinubu has sanctioned the installation of ₦10 billion worth of solar panels at the Aso Rock Presidential Villa. This ostentatious project comes in the same breath as recent assurances by his Minister of Power, Adebayo Adelabu, who boldly claimed that Nigeria’s national grid had “greatly improved” and that electricity supply was now “more stable than ever.”

But the irony here is impossible to ignore, painfully loud and bitterly revealing. The same administration that forced Nigerians into Band A tariffs under the pretense of improving service delivery has chosen to insulate itself from the very grid it coerces the populace to depend on. Tinubu’s decision to power the seat of government independently through solar energy is more than just symbolic, it is a deafening, silent vote of no confidence in Nigeria’s electricity sector. It is, quite frankly, a betrayal of public trust and a scandalous contradiction that undermines every reform narrative being pushed by this administration.

A Public Relations and Moral Disaster
This isn’t just a case of bad optics; it is a strategic blunder and a public relations nightmare. It is a spit in the face of millions of ordinary Nigerians who wake up at 2 a.m. to iron their clothes or charge their phones during the brief window when “NEPA” brings back light. It is a harsh insult to small business owners who spend half their earnings fueling generators. It is a cruel reminder to students forced to study under candlelight and hospital patients whose lives hang in the balance due to erratic electricity supply.

What message does it send when the Commander-in-Chief cannot trust the very system his government is supposedly reforming? Nigeria has reportedly spent over $25 billion on the power sector since the advent of democracy in 1999. Yet, we still generate an embarrassing 3,500 to 4,000 megawatts for a country of over 200 million people, a mere fraction of our real demand, which exceeds 30,000 megawatts.

According to a 2024 report by the World Bank, Nigeria loses an estimated $28 billion annually to power sector inefficiencies. In the same year, the national grid collapsed twice in one week, affecting all 36 states. These systemic failures make Tinubu’s solar insulation not just hypocritical but a confirmation that Nigeria’s energy sector is in shambles—and that even those in charge no longer believe in its redemption.

Who Is the Minister Fooling?
In March 2024, Power Minister Adebayo Adelabu stated:

“Electricity has improved greatly across the country, and the grid is more stable than ever.”

This statement aged like spoiled milk. Less than a month later, Nigeria’s fragile grid failed twice in one week, plunging the country into darkness and mocking every word of the minister’s fantasy.

If the grid is truly stable, why can’t the nation’s seat of power rely on it?

Renowned economist and former Presidential Economic Adviser, Dr. Doyin Salami, once stated:

“Any leader who cannot trust the system he oversees has already admitted failure without saying a word.”

By quietly opting for solar energy while publicly touting grid stability, President Tinubu has, in essence, conceded defeat on one of the most critical components of national infrastructure. Instead of leading by example and investing in holistic grid rehabilitation, he has chosen personal convenience over public confidence.

Band A: A Policy of Deceit
In April 2024, the Federal Government introduced Band A tariffs, a controversial policy that saw the cost of electricity skyrocket from ₦68 per kWh to ₦225 per kWh for select urban areas; mostly populated by the middle class. The government justified this hike by claiming it would ensure a minimum of 20–24 hours of daily supply to Band A users.

However, less than a month in, Band A areas reported frequent outages, sometimes worse than before. Nigerians quickly realized that the promise of improved power was a farce, another deceptive policy dressed in economic jargon. This tariff structure, instead of driving efficiency, has widened the inequality gap, where only the affluent can afford consistent electricity while the poor remain in darkness; taxed, yet unrewarded.

Aso Rock’s move to solar is the final nail in the coffin. It shows that even with Band A revenues pouring in, the government still has no faith in the reforms it is selling.

The Broader Economic Implications
Electricity is not a luxury; it is the foundation of any modern economy. Without it, industrialization is a myth, digital transformation is a joke, and economic growth remains a pipe dream. Nigeria’s perennial power problems have discouraged foreign investors, stifled domestic innovation, and eroded citizens’ trust in government capacity.

The hypocrisy of spending ₦10 billion on solar panels for the presidency while universities, hospitals, and factories continue to grope in darkness is not just a leadership flaw, it is an economic crime. That money could have funded mini-grids in underserved rural areas, equipped teaching hospitals with stable power, or supported local businesses through solar cooperatives.

As Dr. Charles Soludo, former CBN Governor, once said:

“Economic reforms must begin from the top, and credibility is the capital of leadership. If people at the top show double standards, the bottom will implode.”

Silence Is No Longer Golden
What is perhaps most appalling is the deafening silence from the Presidency regarding this project. There has been no official justification, no detailed explanation, and no roadmap for scaling solar beyond the Villa. This opacity feeds public anger and fuels conspiracy theories. Is the contract for the solar project another front for looting? Were due processes followed? Who are the contractors? Is there a cost-benefit analysis?

Transparency is not optional when public funds are involved. Citizens deserve answers.

A Call to Action
It is time for Nigerians to demand better. We must ask hard questions, challenge double standards, and hold leaders accountable, not just for their words but for their actions. The Tinubu administration cannot continue to speak reform while acting in contradiction.

If the President believes in solar, then let him lead a solar revolution across Nigeria, not just within the comfort of his official residence. Let every ministry, school, clinic, and rural community benefit from decentralized, renewable energy. Let this ₦10 billion solar project be a pilot, not a personal luxury.

Let this be the moment when Nigerians stop accepting excuses and start demanding delivery.

Final Word
In the end, leadership is not about comfort, it is about credibility. The installation of solar panels at Aso Rock is not just a quiet act of energy diversification; it is a silent vote of no confidence in Nigeria’s power sector. And if the President himself has abandoned the national grid, why should the people keep paying for it?

Until Nigeria has leaders who live within the system they administer, who experience the daily power failures, the darkness, the frustration, there will be no change. You cannot reform what you refuse to endure. And you cannot fix what you quietly flee from.

President Tinubu’s solar-powered fortress is not just an energy policy. It is a metaphor for the widening gap between government and the governed.

And that is the real national emergency.

₦10 Billion Solar Panels at Aso Rock: Tinubu’s Silent Vote of No Confidence in Nigeria’s Electricity Sector
By George Omagbemi Sylvester

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A HISTORIC VISIT : COALITION OF YORUBA YOUTH LEADERS MEETS THE NEWLY CROWNED ALAAFIN OF OYO

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A HISTORIC VISIT : COALITION OF YORUBA YOUTH LEADERS MEETS THE NEWLY CROWNED ALAAFIN OF OYO

 

Yesterday, Monday, April 21st, 2025, marked a significant day in the annals of Yoruba history as the Coalition of Yoruba Youth Leaders paid a courtesy visit to the newly crowned Alaafin of Oyo, His Imperial Majesty Prince Abimbola Akeem Owoade I, at his palace. The visit was a testament to the youth leaders’ commitment to unity, progress, and the preservation of Yoruba heritage.

A HISTORIC VISIT : COALITION OF YORUBA YOUTH LEADERS MEETS THE NEWLY CROWNED ALAAFIN OF OYO

The youth leaders were warmly received by the Alaafin himself, who greeted them with the traditional Yoruba hospitality. The atmosphere was filled with excitement and anticipation as the young leaders eagerly awaited the opportunity to pay their respects and seek guidance from the revered monarch.

The National President, Prof. Tolani .A. Hassan, Ph.D, who was present alongside his executives addressed the Alaafin, extending warm felicitations to him on his ascension to the throne. They wished His Majesty a successful tenure, praying for divine guidance, wisdom, and strength to navigate the complexities of leadership. The youth leaders expressed their commitment to supporting the Alaafin in his endeavors, promising to work together to promote the welfare and prosperity of the Yoruba race.

In response, the Alaafin offered words of wisdom and counsel to the young leaders. He emphasized the importance of unity, hard work, and dedication to the growth and development of the Yoruba nation. His Majesty charged the youth leaders to be ambassadors of peace, progress, and positivity, using their positions to inspire and uplift their communities. He also advised them to put their youthful energy, creativity, and innovation to good use, harnessing these qualities to drive development and transformation in their respective domains.

 

The meeting was productive and enlightening, with both parties exchanging ideas and insights on how to foster progress and unity among the Yoruba people. The youth leaders left the palace with a renewed sense of purpose and determination, inspired by the Alaafin’s words and guidance.

 

The visit by the Coalition of Yoruba Youth Leaders to the newly crowned Alaafin of Oyo was a resounding success, marking the beginning of a fruitful partnership between the youth and the traditional institution. As the Alaafin embarks on his reign, it is evident that the future of the Yoruba nation is in good hands, with the youth leaders committed to working together to build a brighter tomorrow.

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Media Personality, J J Jabulani and siblings to celebrate mummy at 90

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Media Personality, J J Jabulani and siblings to celebrate mummy at 90

 

Media guru and highly respected on air personality, Jọlaoluwa Afọlabi famously known as J.J Jabulani is holding an elaborate 90th years birthday bash for his mummy, Mama Maria Ibipeju Afọlabi.

The birthday bash is holding on Friday, 25th April, 2025 at No 1 Ebute Road, Unity hall, opposite Indomie house, Lau junction, Ibafo, Ogun state. Many eminent personalities and media guys are expected to grace the epoch-making event.

Mama Ibipeju is a big business woman that trades on kolanut and gold in the 80s, she’s married to the popular pastor of the C&S church world wide Most Senior Apostle Samson Ọlayiwola Afọlabi of the revered Odofin compound in IREE town,Boripe local government of Osun state .

Mama is blessed with so many children among them is the ace broadcaster and media owner , Afolabi Jolaoluwa jabulani who is the last born of the nonagenarian.

Mama has great love and passion for gospel music spurred her interest in the usage of ‘SHEKERE’ in praising God till this moment and this singular act earned her the nick name (Iya Sekere)

Media Personality, J J Jabulani and siblings to celebrate mummy at 90

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