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African countries plan continental credit rating agency
In a bold move to reshape Africa’s financial landscape, Nigeria and several other African nations are collaborating to establish a continental credit rating agency. This initiative aims to counter perceived biases from Western credit rating agencies and provide a more accurate representation of Africa’s economic realities.
The announcement was made during the launch of the Debt Management Forum for Africa and the inaugural policy dialogue titled “Making Debt Work for Africa: Policies, Practices, and Options,” organized by the African Development Bank (AfDB) in Abuja.
Prof. Kevin Urama, Vice President and Chief Economist at the AfDB, highlighted that the proposed African credit rating agency would address information asymmetries and biases that have historically affected the continent’s credit ratings. He emphasized that the lack of reliable data and the reliance on historical perceptions have contributed to unfavorable ratings for African countries.
“The credit rating agency will encourage Africans to introspect and understand that it’s not just about blaming the big three. If they provide certain ratings, we need to assess our methodologies and data sources,” Urama stated. He added that this initiative would enhance engagement with existing rating agencies and improve their understanding of Africa’s unique economic contexts.
Supporting this perspective, the Director-General of Nigeria’s Debt Management Office, Ms. Patience Oniha, noted that Western credit rating agencies often exhibit biases against Africa.She pointed out that the limited timeframes given to countries to respond to queries further exacerbate these challenges.
This development comes amid growing concerns about Africa’s debt sustainability and the need for fair assessments that reflect the continent’s true economic potential. By establishing a continental credit rating agency, African nations aim to assert greater control over their financial narratives and foster an environment conducive to sustainable economic growth.
Chiamaka Nnadozie Wins Back-to-Back
Chiamaka Nnadozie, the Super Falcons and Paris FC goalkeeper, has been named the 2024 CAF Women’s Goalkeeper of the Year, marking her second consecutive win of this prestigious award.
Nnadozie’s exceptional performances have solidified her status as one of the world’s top goalkeepers. She played a pivotal role in Nigeria’s successful campaign during the 2024 Women’s Africa Cup of Nations qualifiers and was instrumental in Paris FC’s historic run in the UEFA Women’s Champions League, where her heroics in penalty shootouts earned global acclaim.
Expressing her joy, Nnadozie said, “This is for every young girl who dares to dream. I am honored to represent Nigeria and Africa on this stage. This award is a testament to hard work, resilience, and the incredible support I’ve received from my teammates and coaches.”
The Nigeria Football Federation has also congratulated Nnadozie on her achievement, reflecting the nation’s pride in her accomplishments.
Nnadozie’s back-to-back CAF awards underscore her dedication and the significant impact she continues to have in women’s football, both in Africa and internationally.
Lamine Yamal Shines Bright: Wins 2024 Golden Boy
Barcelona prodigy Lamine Yamal has been crowned the 2024 Golden Boy after a sensational campaign that saw him propel Spain to European Championship glory.
Turning 17 just a day before Spain’s 2-1 triumph over England in the Euro 2024 final, Yamal played a pivotal role in ‘La Roja’s’ success, earning both the Young Player of the Tournament and the Goal of the Tournament honors for his stunning strike against France in the semi-finals.
Originally set to collect the prestigious award in Turin, the teenager will remain sidelined for three to four weeks due to an ankle injury sustained during Barcelona’s 1-0 loss to Leganés in La Liga on Sunday.
FIVE AMAZING FACTS ABOUT THE GAMBIA
Smallest Country in Mainland Africa
The Gambia is the smallest country on mainland Africa, spanning only about 11,295 square kilometers (4,361 square miles). Despite its size, it is rich in history, culture, and natural beauty.
The River Gambia
The Gambia is named after the River Gambia, which flows through the entire length of the country. This river is not only the lifeblood of the nation but also a crucial habitat for wildlife, including hippos, crocodiles, and various bird species.
Kunta Kinteh Island
Formerly known as James Island, Kunta Kinteh Island is a UNESCO World Heritage Site that holds significant historical importance as part of the transatlantic slave trade. It was made famous by Alex Haley’s novel Roots, which tells the story of Kunta Kinte, a Gambian enslaved man.
Diverse Wildlife
Despite its small size, The Gambia boasts incredible biodiversity. It is home to over 600 bird species, making it a paradise for birdwatchers. The Abuko Nature Reserve and other parks attract nature enthusiasts from all over the world.
Friendly People and Unique Culture
Known as “The Smiling Coast of Africa,” The Gambia is famous for the warmth and hospitality of its people. The country’s vibrant culture includes traditional music and dance, colorful markets, and festivals like the Janjangbureh Kankurang Festival, which celebrates the rich heritage of the Mandinka people.
SAVE THE DATE!- Afrinity Connect
Special Guests Alert
Adetutu VOJ bringing the energy!
Chris expect some magic on the keys!
Lady TeeEYE you know it’s going to be good!
Dr Solacymbal dropping wisdom with style!
Set those reminders and spread the word! 
[YouTube] & [Facebook]!Worship Without Restrictions
Join Chris & Friends for “An Evening of Worship Without Restrictions” as we lift our voices to say “Thank You Lord”
📅 Saturday, 21st December 2024 | 5PM UK Time
🌐 Stream live on all social media platforms | MusicNYU London🎥
📖 Psalm 138:1–2
🎤 Featuring:
– Chris
– Adetutu VOJ
– Sola Cymbal
– Tee-Eye
Let’s come together for a night of gratitude and worship! 💜
Today in History: The Birth of General Muhammadu Buhari
On this day, December 17, 1942, General Muhammadu Buhari, the 7th Head of State of Nigeria, was born in Daura, a historic town in Katsina State, Nigeria. His life and career have left an indelible mark on the nation’s history, as both a military leader and a democratically elected president.
Early Life and Military Career
Born into a Fulani family in Daura, Buhari grew up in an environment deeply rooted in tradition and discipline. He joined the Nigerian Army in 1961 at the age of 19, embarking on a career that would define his life and shape Nigeria’s history. His military education took him to the Nigerian Military Training College (now the Nigerian Defence Academy) and later to international institutions such as the Mons Officer Cadet School in the UK and the United States Army War College.
Buhari rose through the ranks, earning a reputation for discipline, integrity, and a no-nonsense approach to governance. His leadership qualities came to the fore during key moments in Nigeria’s history, particularly in his role during the Nigerian Civil War and subsequent military administrations.
Head of State: December 1983 – August 1985
Buhari assumed leadership of Nigeria on December 31, 1983, following a military coup that ousted the civilian government of Shehu Shagari. The coup was justified by widespread dissatisfaction with corruption, economic mismanagement, and governance issues under Shagari’s administration.
As Head of State, Buhari launched the “War Against Indiscipline,” a campaign aimed at restoring order, accountability, and ethical standards in public life. His administration was characterized by its austere measures to combat corruption, reduce waste, and instill discipline across various sectors of society.
However, his government faced criticism for its authoritarian approach. The strict enforcement of laws, detention of political opponents, and limitations on press freedom led to mixed reactions both domestically and internationally. Despite this, Buhari’s leadership during this period is often remembered for its commitment to fighting corruption and promoting accountability.
Legacy and Transition to Democracy
Buhari’s tenure as Head of State ended in August 1985 when he was overthrown in a coup led by General Ibrahim Babangida. Following his removal from power, Buhari spent years in detention before gradually transitioning into civilian life.
In the decades that followed, Buhari became a prominent political figure, running for the presidency multiple times before finally succeeding in 2015. His election marked the first time in Nigeria’s history that an opposition candidate unseated an incumbent president through the ballot box. Buhari’s democratic presidency (2015–2023) was characterized by efforts to combat corruption, tackle insecurity, and revive the economy.
A Lifetime of Service
From his early days in Daura to his roles as a military leader and democratically elected president, General Muhammadu Buhari has remained a central figure in Nigeria’s political and historical narrative. His story reflects the complexities of leadership in a nation as diverse and dynamic as Nigeria.
As we reflect on this day in history, the birth of General Muhammadu Buhari serves as a reminder of the enduring impact of leadership and the ongoing quest for governance that aligns with the aspirations of the Nigerian people.
Did you know?
Daura, Buhari’s hometown, is considered the spiritual home of the Hausa people and boasts a rich cultural heritage. It remains an important symbol of Buhari’s roots and identity.
What are your thoughts on General Buhari’s legacy? Share your views in the comments below!
President Swears in a New Attorney-General
Yesterday, at a significant moment for the nation’s justice sector, the president presided over the swearing-in ceremony of Alpha Sesay Esq., the new attorney general and minister of justice.
During the ceremony, the President congratulated Mr. Sesay on assuming this critical role and emphasized the need to accelerate ongoing legislative and Justice reforms. The President highlighted the importance of these reforms in strengthening the rule of law, ensuring equitable access to justice, and enhancing public trust in the legal system.
This appointment marks a renewed commitment to improving the nation’s judicial framework and advancing meaningful legislative progress. As Alpha Sesay Esq. takes on this vital position, many are hopeful for the transformative impact his leadership will bring to the Justice Sector.
Stay tuned for updates on other national developments!
ECOWAS Leaders Offer Grace Period as Mali, Burkina Faso, and Niger Plan Withdrawal
The Economic Community of West African States (ECOWAS) faces a historic shift as leaders of the regional bloc have approved the withdrawal of Mali, Burkina Faso, and Niger—three nations currently under military rule. However, to preserve ties, ECOWAS has extended a six-month grace period, allowing the countries to reconsider their decision.
Founding Members Depart
Mali, Burkina Faso, and Niger, founding members of ECOWAS since its establishment in 1975, announced plans to leave the bloc in January 2025. This decision follows their refusal to comply with ECOWAS’s demands to restore democratic governance after recent military coups in these nations.
The departure of these three countries deals a significant blow to ECOWAS, which has long been a cornerstone of economic and political integration in West Africa. Citizens of ECOWAS member states currently enjoy the right to live and work across borders, with free movement of goods. The withdrawal raises questions about how these freedoms will be affected.
A New Bloc Emerges
The departing states have formed a new alliance, the Alliance of Sahel States (AES), which has already announced visa-free travel and residency rights for ECOWAS citizens. Leaders of AES emphasize that this decision reflects a spirit of friendship and a desire to maintain long-standing cultural and historical ties across the region.
Despite these assurances, the three nations remain among the poorest in West Africa, and most migration flows traditionally move from these landlocked states to wealthier coastal countries within ECOWAS.
ECOWAS Negotiates a Transitional Period
During a summit in Nigeria, ECOWAS leaders expressed respect for the decision of the Sahel nations but emphasized the hope for reconciliation. They offered a transitional period from 29 January to 29 July 2025, during which the three countries can rejoin the bloc if they choose.
Negotiations, led by Senegal’s President Bassirou Diomaye Faye and Togo’s Faure Gnassingbé, will continue in an effort to mend relations. Yet, the Sahel states maintain that their decision to leave is “irreversible,” as confirmed in a joint statement following a ministerial meeting in Niger’s capital, Niamey.
Challenges Ahead for Regional Cooperation
The withdrawal of Mali, Burkina Faso, and Niger poses serious challenges for regional unity. ECOWAS stands to lose 76 million people—a significant portion of its population—as well as more than half of its geographical land area.
In a statement, ECOWAS Commission President Omar Touray described the impending exit as “disheartening,” but acknowledged the value of ongoing mediation efforts. Meanwhile, AES Chairman and Mali’s military leader Assimi Goïta assured that the right of ECOWAS citizens to move and reside within AES territory freely would remain intact, signaling a willingness to maintain amicable relations.
Underlying Tensions
Relations between ECOWAS and the Sahel states have been strained since the military coups in Mali (2020), Burkina Faso (2022), and Niger (2023). ECOWAS suspended the membership of these nations and condemned the coups, demanding a return to civilian rule.
However, the military juntas have resisted these calls and shifted their alliances toward Russia, accusing ECOWAS of being too aligned with Western powers. This geopolitical pivot underscores the deepening divisions within the region.
What Lies Ahead?
As ECOWAS prepares for the formal departure of the Sahel states, the bloc’s leadership is tasked with navigating this unprecedented split. The coming months will determine whether negotiations can bridge the growing divide or if the departure of Mali, Burkina Faso, and Niger will mark a permanent fracture in West African unity.
TODAY IN THE HISTORY OF NIGERIA
Grace Awani Alele-Williams: Trailblazer in Nigerian Academia and Women’s Education
Grace Awani Alele-Williams, a trailblazing Nigerian academic, was the first woman to earn a doctorate degree in Nigeria and serve as vice-chancellor of a Nigerian university. Born on December 16, 1932, in Warri, Delta State, to Itsekiri parents, she made indelible marks in mathematics and education.
Grace Alele-Williams began her education at Government School, Warri, and Queen’s College, Lagos, before attending the University College of Ibadan (now the University of Ibadan). In 1957, she earned an MSc in Mathematics while teaching at Queen’s College, Ede, Osun State. She furthered her studies at the University of Chicago, obtaining a PhD in Mathematics Education in 1963.
An advocate for women’s education, she began her teaching career at Queen’s College, Ede, where she taught for three years. She later worked as a graduate assistant and assistant professor at the University of Vermont. From 1963 to 1965, she served as a postdoctoral research fellow in the Department of Education at the University of Ibadan. Her career advanced further in 1976 when she became a professor of mathematics at the University of Lagos.
In 1985, Grace Alele-Williams achieved a historic milestone as the first female Vice-Chancellor of a Nigerian university when she was appointed to lead the University of Benin. After her tenure, she joined the board of directors of Chevron-Texaco Nigeria and HIP Asset Management Company Limited in Lagos.
Her contributions extended beyond Nigeria. She was a member of the UNESCO Institute of Education and served as a consultant to UNESCO and the Institute of International Education Planning.
Grace Alele-Williams was celebrated with numerous awards and honors during her lifetime. She received the Order of the Niger, was elected a Fellow of the Mathematical Association of Nigeria and the Nigerian Academy of Education, and was among 100 individuals honored with the Centenary Award for outstanding contributions to Nigeria’s development. She was also featured in a unique deck of playing cards showcasing notable women mathematicians, published by the Association of Women in Mathematics.
Grace Alele-Williams passed away on March 25, 2022, at the age of 89, leaving behind an inspiring legacy of academic excellence, leadership, and advocacy for women in education.
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