"North Korea best not make any more threats to the United States. They will be met with fire and fury like the world has never seen. As I said, they will be met with the fire and fury and, frankly, power." - President Donald John Trump. ICHEOKU says the Michelin Tire midget at Pyongyang is definitely courting trouble and messing with the wrong man. He probably thinks Barack Obama the redline president is still in office; but unbeknownst to him there is a new sheriff in town and his name is Donald John Trump and he does not mess around. Hopefully China can rein in the little man before he commits mass suicide with his North Korean people.


"When you lose to somebody who has a 40 percent popularity, you don’t blame other things — Comey, Russia — you blame yourself. So what did we do wrong? People didn’t know what we stood for, just that we were against Trump. And still believe that." - Senator Charles Schumer, Senior Senator from the State of New York and Democratic Minority Leader in the Senate. ICHEOKU says the statement spoke volume and it spoke for itself. Finally it seems the Democrats have finally turned the corner and are now ready to face up to their abysmal performance in the last presidential election by acknowledging that the American people indeed choose Trump over their Hillary Clinton. Thankfully, they will also now rest their "Russians Did It" cockamamie and find a message they can present to the people and for the good of the country.. Time to move the process forward is now as American people did not buy into the crap of a Russian collusion which they tried unsuccessfully to sell to them.



ICHEOKU says August 26 is the day history will be made as two of the world's most interesting athletes square off in the ring. Boxing champion Floyd MayWeather and mixed martial arts champion Conor McGregor, will fight on August 26 in Las Vegas, Nevada. ICHEOKU says not in a position yet to place bet on who will win the fight. Salute


ICHEOKU says the time has come and the time is now for the Indigenous Peoples of Biafra to be allowed to choose their self governance and exit from Nigeria going forward.. A referendum on the future of Biafra is a legitimate demand of the people and it is their right to so do. The people of the Nation of Biafra want to of their own way because of the hostilities from other member nations of Nigeria. Let the United Nations order a referendum and let the people decide in their own Biafraexit.


"There can be no coexistence with this violence. There can be no tolerating it, no accepting it, no excusing it, and no ignoring it. Every time a terrorist murders an innocent person and falsely invokes the name of God, it should be an insult to every person of faith. Terrorists do not worship God; they worship death. If we do not act against this organized terror, then we know what will happen and what will be the end result. Terrorism's devastation of life will continue to spread, peaceful societies will become engulfed by violence, and the futures of many generations will be sadly squandered. If we do not stand in uniform condemnation of this killing, then not only will we be judged by our people, not only will we be judged by history, but we will be judged by God." - President Donald John Trump.


ICHEOKU says it is worth fighting for, self determination and it is not a crime for a people to aspire for self governance. Indigenous Peoples of Biafra are marching forward and hopefully they will soon get to the promised land. Viva Biafra.

"When two raging fires meet together, they do consume the thing that feeds their fury. Though little fire grows great with little wind, yet extreme gusts do blow out fire." - William Shakespeare, The Taming of the Shrew


“I reached the pinnacle of success in the business world. In others’ eyes, my life is an epitome of success. However, aside from work, I have little joy. Non-stop pursuing of wealth will only turn a person into a twisted being, just like me. God gave us the senses to let us feel the love in everyone’s heart, not the illusions brought about by wealth. Memories precipitated by love is the only true riches which will follow you, accompany you, giving you strength and light to go on. The most expensive bed in the world is the sick bed. You can employ someone to drive the car for you, make money for you but you cannot have someone to bear sickness for you. Material things lost can be found. But there is one thing that can never be found when it is lost – Life. Treasure Love for your family, love for your spouse, love for your friends. Treat yourself well. Cherish others.” - SJ


"The threat of evil is ever present. We can contain it as long as we stay vigilant, but it can never truly be destroyed. - Lorraine Warren (Annabelle, the movie)


“I’m not that interested in material things. As long as I find a good bed that I can sleep in, that’s enough.” - Nicolas Berggruem, the homeless billionaire.

Monday, March 23, 2009

GLOBAL RECESSION AND THE NIGERIAN ECONOMY - an article by Chinedu Vincent Akuta!

The challenges and task of managing this record breaking global recession has not been easy at all. The Western nations appear to be running out of ideas on how to jump start their economies. Countries of the Organisation for Economic Co-operation and Development (OECD) have committed more than $3.5 trillion dollars to help their banks rebuild their asset base and kick start lending again. The responses from these huge government bailouts have been disappointing. The world has never witnessed a recession of this magnitude. Warren Buffett (the richest person in the world during the first half of 2008 according to Forbes) described the current crisis as an economic “Pearl Harbour” He predicted that the US economy will be in shambles throughout 2009. Quoting Skynews, the world’s richest people have watched nearly a quarter of their wealth go in the last 12 months.

“In a February video message to his millions of supporters, US President Barack Obama told them that US had lost 3.6 million jobs since the recession began. But this is dwarfed by the worries of the International Labour Organization (ILO) which predicted in its annual publication, Global Employment Trends, that eighteen to fifty million workers will lose their jobs this year alone and two hundred million are likely to be thrown into extreme poverty” (The World Today, March 2009, Volume 65 Number 3 Page 5).

The survey carried out by the Indian Labour Ministry indicated that about 500,000 people have lost their jobs in just three months in 11 sectors of the economy. The Federation of Indian Export Industries have raised alarm that 10 million jobs are likely to be lost in the months ahead. China has also lost similar jobs and about 68,000 factories had closed in their coastal provinces as at mid October 2008.

The case of Japan appears to be worse than that of the United States and the European Union. Japan has suffered an immense economic recession due mainly to her high exposure to the slump in global car manufacturing, electronics, and investment equipment. “Russia has been hit hard by the global crisis, with the stock market down almost 80% from its peak, and the rouble sliding fast. Russia’s top 10 billionaires alone lost an estimated $150 billion last year” (The Guardian newspapers of UK, Tuesday 3 March 2009, page 15).

In the UK, a job will be lost every 25 seconds. Experts have also warned that about 320,000 jobs will be lost in the next three months as the recession hits harder. I wrote extensively on the global economic crisis which I titled; Capturing The Casualties From The Global Credit Crunches. (Published on Sunday, 14th December 2008 on The global economy has deteriorated more, since my article was first published.

“The International Monetary Fund has identified 26 countries, half in sub-Sahara Africa, that are particularly vulnerable to the crisis. Central and Eastern European economies are estimated to face a financing gap of $100 billion in 2009. And the World Bank estimates that 129 developing countries are facing a financing shortfall of between $270 and $700bn” (The Guardian newspapers of UK, Tuesday 10 March 2009, page 31).
Since the world is a global village, Nigeria cannot escape from the global recession. Nigeria will be affected in some many ways. This is because Nigeria has needs to be met by the international community. There will be decreases in oil revenue owning to the problems in the Western economies. We will be affected mostly by the global withdrawal of credit. Foreign loans and international developmental assistance will surely reduce. International donors to Non governmental Organisations (NGO’s) and charity organization like Red Cross etc will shrink. Nigerian banks are most likely going to find it difficult to source foreign loans from their overseas partner banks. There would be decreases in money remitted from Nigerians in Diaspora. Nigerians in Diaspora remit home more than $5 million dollars each year. This is used for various projects at home. This amount will most likely go down.
The unemployment situation in Nigeria will be worsened by the above factors. I will agree with the Nigerian Finance Minister of state, Mr Remi Babalola who advised state governments in Nigeria to be prudent with their resources and look beyond the federation account for funds to execute their programmes. His advise was reported by the Guardian newspaper of Friday March 6 2009 online version. But I seriously doubt if the federal, state and local governments in Nigeria can ever be prudent since there is still high level corruption in all tiers of government. Besides we still have the official secret act. No transparency on the part of government businesses and no credibility. Nigerians do not have access to government documents. No freedom of information act. Therefore the question of prudence will be difficult to achieve. With the above factors, Nigerians should embrace themselves for the worse case scenarios arising from the global recession.

Having said the above, I will ask the government both at the federal and state levels to make some policy changes in our educational sector. The change am propounding is to make skills acquisition a compulsory subject/course in the primary, secondary, tertiary and university levels. If English Language, mathematics, and Gss courses are compulsory in secondary schools and universities, then I see no reason why skills acquisition should not be made compulsory. The idea will be to produce graduates with skills. Skilled people don’t need to search for jobs like unskilled people. Low level job creation is needed to reduce unemployment in Nigeria. Job creation is highly needed this period of global economic recession.
I will also wish to appeal to private educational operators to make skills acquisition a compulsory part of their academic curricular. With measures like this in place, schools in Nigerian will be graduating people with both academic qualifications and skills. Finally I will also appeal to the unemployed people to consider volunteering where they can acquire skill know how. This appeal also extends to various skilled people, workshop owners etc to train the unemployed people who cannot afford to pay for the cost of training. Let there be elements of humanitarian assistance in combating unemployment in Nigeria. We need jobs creation to combat the global economic down turn. May God bless Nigeria.

The author Mr. Chinedu Vincent Akuta is an activist and leader of “Support Option A4 Group” Leicester-UK and can be reached via

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