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Twitter CEO Re-evaluates His Plans of Moving to Africa

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Jack Dorsey, the Chief Executive Officer (CEO) of Twitter cancelled his plan to relocate to Africa for six months in 2020. He described his tweets about moving to Africa as “a mistake”.

In November 2019, after visiting Africa on a month-long trip, Dorsey tweeted:

 “Sad to be leaving the continent … for now. Africa will define the future (especially the bitcoin one!). Not sure where yet, but I’ll be living here for 3-6 months mid-2020. Grateful I was able to experience a small part.”

However, Dorsey has re-evaluated his plans about living in Africa due to the Coronavirus outbreak. Coronavirus aside, Dorsey risks being replaced as Chief Executive Officer of the company he co-founded due to the new activist investors that are currently rooting for his removal.

News reports last week said Elliott Management, the activist hedge fund founded by billionaire Paul Singer, a major Republican political supporter, has acquired nearly 5% in Twitter and is now pushing for the removal of Dorsey as CEO, and has nominated four members to Twitter’s board.

While speaking at an investor conference sponsored by Morgan Stanley, He said:

 “When I tweeted about my intention to spend a few months in Africa this year, I made a mistake and should have provided more context about why. The continent will be one of the most populated in the next 20-30 years, and room for tech innovation there is incredible, but in light of COVID-19 and everything else going on I need to reevaluate. Either way, we’ll continue to pursue opportunities in Africa.”

The firm pushed for the change stating that Dorsey’s attention is divided between running Twitter and his financial transactions startup Square, and that Dorsey intends to live part of each year in Africa.

Dorsey said he remained capable of managing the two San Francisco-based tech firms.

“I have enough flexibility in my schedule to focus on the most important things and I have a good sense of what is critical on both companies,” he said.

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2020IYD: NYCN urges youths to turn Covid-19 adversaries to advantage of Nigeria.

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2020IYD: NYCN urges youths to turn Covid-19 adversaries to advantage of Nigeria.

The National Youth Council of Nigeria (NYCN) has urged Nigerian youths to take advantage of the adversaries that Covid-19 presented to the world to the benefits of the country.

Mr Solomon Adodo, National President of NYCN, gave the advice in his remark at the International Youth Day (IYD) 2020 Celebration, on Wednesday in Abuja.

Gistflash reports that the theme of International Youth Day 2020, was “Youth Engagement for Global Action, ” which seeks to highlight the ways in which the engagement of young people at the local, national and global levels was enriching national and multilateral institutions.

The aim of IYD 2020 is to shed light on the need to enable the engagement of youths by making local, national and global institutions more inclusive for the purpose of strengthening their capacity (and relevance) to achieve global action.

Adodo also enjoined the Nigerian youths to rise as one and look beyond the problems and challenges facing the country.The NYCN president admonished the youths to avoid being used as tools in the hands of politicians whose only mission was to bring the government down.”

If the youths allow themselves to be use as tools to bring the government down, they have brought the nation down.” Let us see how we can contribute our qouter to national development. Let us put aside our ethnic, political, religious differences and have one culture and one political party which is development of Nigeria.” Let us unite to build the new Nigerian economy.”

Nation that have developed that we run to for loan and other assistance like China and US, they do not fall from the sky rather they harness their potential and utilise them.” I urge the Nigerian youths to take advantage of adversaries that Covid-19 presented to the world and turn it to the advantage of Nigerian economy and development,” Adodo said.

He used the occasion to commended President Muhammadu Buhari for the recent approval of N75 billion for the establishment of the Nigerian Youth Investment Fund.

Adodo pledged that the NYCN had offered itself, it’s members and the potential of the millions of the Nigerian youths to bring solutions to the problems bedeviling the country.

According to him, “there are millions of job all around us and there is so much wealth that the national youth council of Nigeria can create for the country.”

We are grateful that the government is giving the youths vistas of opportunities through its policies and programmes.” The recent approval of the N75 billion for the establishment of the Nigerian Youth Investment Fund is one of those programmes of government through which the Nigerian youths can harness their potential and translate it into productivity.” Theme of IYD Year 2020 is youth engagement for global action

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Wikipedia Lists Nigeria Among the “Failed States”

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Wikipedia Lists Nigeria among failed states
Wikipedia Lists Nigeria Among the “Failed States”

Web based encyclopedia – Wikipedia has updated its list of failed states and Nigeria is now one of the countries on the list.

Wikipedia Lists Nigeria Among the “Failed States”

The free web-based encyclopedia project which contains information on a wide variety of subjects, described a failed state as a political body that has disintegrated to a point where basic conditions and responsibilities of a sovereign government no longer function properly.

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It further added that a state can also fail if the government loses its legitimacy even if it is performing its functions properly. For a stable state, it is necessary for the government to enjoy both effectiveness and legitimacy. Likewise, when a nation weakens and its standard of living declines, it introduces the possibility of total governmental collapse.

Some countries listed as a failed state include; Syria, Somalia, Myanmar, Nigeria, Iraq, Yemen, Turkey, Democratic Republic of Congo, Central African Republic, Rwanda, Liberia, Yugoslavia, Lebanon, Afghanistan, Sudan, South Sudan.

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I don’t care about what people say about me when I’m dead – Obasanjo

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Olusegun Obasanjo
I don’t care about what people say about me when I’m dead – Obasanjo

Ex-President Olusegun Obasanjo has fired back at people criticising him over his condolence message to the family of late Buruji Kashamu, a former senator and factional leader of the Peoples Democratic Party (PDP) in Ogun State.

Speaking in an interview with Premium Times, Obasanjo said: “When I was growing up, in our community, when anyone known with bad character died, we usually only mourn him and bury him. No eulogy. No praise-singing.

There is an English saying that urges us never to talk ill of the dead. But in this case, we are not talking ill of the dead. We are only drawing lessons from the life and history of the dead. I am not gloating over his death. It is sad for anyone to die and we must mourn him.

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But we must learn from such a passage. There will be bad lessons. There will be good lessons. But we should not just be praise-singing or eulogising the dead, especially when there is no need to do so.

We should not cover up bad histories and conducts so that the right lessons can be learnt.

As you know, I say my mind as truthfully as I know them and in line with my convictions. People are free to say whatever they want about my comment. I don’t begrudge people for holding opinions on whatever I say or do.

Let people say whatever they like when I transit. Now that I am alive, am I not being abused? Whenever I transit, let people say whatever they know or think about me. Let them say it as it is. What my maker thinks of me is what matters most.

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