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Nigerian-Born To Be Appointed Biden’s Deputy Treasury Secretary

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Nigerian-Born To Be Appointed Biden’s Deputy Treasury Secretary

U.S. President-elect, Joe Biden is expected to name a Nigerian-born lawyer, Adewale Adeyemo, as his Deputy Secretary of Treasury.

Media reports quoted unnamed sources close to the Biden transition team as saying Adeyemo would serve under Janet Yellen, who would be nominated to lead the Treasury Department.

Nicknamed Wally, the 39-year-old Nigerian-Born has a Bachelor of Arts from the University of California and Juris Doctor from Yale Law School.

Read Also: Nigerian Emerges Lawmaker In US

He served as the first President of the Obama Foundation in 2019, according to Wikipedia.

Under the Obama administration, Adeyemo served as Deputy National Security Adviser for International Economics from 2015 to 2016 and Deputy Director of the National Economic Council.

Wally is one of three people of color to be appointed to lead Biden’s economic team after his first round of appointments was criticized for lack of diversity.

Cecilia Rouse, an African American economist at Princeton University, is set to be named as Head of the Council of Economic Advisers.

Read Also: Like Sanwo-Olu, Kwara Governor To Stop Pension To Predecessors

An Indian-American, Neera Tanden, a former Senior Policy Adviser to both Barack Obama and Hillary Clinton’s presidential campaigns, will be appointed as Director of the Office of Management and Budget.

The team will inherit a U.S. economy that has been struggling as a result of the coronavirus pandemic.

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Business

Okonjo-Iweala Advocates Women To Be At The Centre Of Trade For Re-Globalization

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Okonjo-Iweala Calls For Women At The Centre Of Trade For Re-globalization

The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala has called for women to be at the center of trade and trade rules.

She disclosed this at the WTO-International Trade Centre (ITC) joint event titled “Unlocking Trade for Women’s Empowerment and Sustainable Development.

The WTO boss reveals that trade and trade rules better serve women as this will allow for re-globalization.

READ ALSO: Kwankwaso Promises To Tackle Insecurity, Turn Economy Around

“We need to deepen and diversify supply networks and bring more countries and communities from the economic margins to the mainstream. Okonjo-Iweala stated.

“In this process, which I think of as re-globalization, women have to be at the centre,” DG Okonjo-Iweala said in her opening remarks at the event.

“Unlocking trade for women’s empowerment and sustainable development is not just the right thing to do. It’s an economic issue. It’s a social issue. It is the key issue,” noting potential increases in global output, wages and employment when the gender divide is addressed.

“A strong and effective WTO is critical for these women, which is one more reason why delivering results at MC12 this week is so important. We want to make sure that people know that the WTO is about people. It’s not only about rules — it’s about rules that help people,” she said.

The former Nigeria’s Finance Minister also warned that real global gross domestic product (GDP) might fall to five percent if the world economy decouples into self-contained trading blocs.

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Business

Meta and Google Helped Putin by Halting Ads, Russia’s Navalny Says

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In response to Russia’s invasion of Ukraine in February, businesses around the world withdrew their business, with Facebook parent Meta and Google suspending ad sales in Russia in March. Now, Alexei Navalny, a leading figure in Russia’s opposition to President Vladimir Putin, claims that advertising blocking has actually aided his political foe.

“We can get around censorship thanks to the Internet. At the same time, Google and Meta made it impossible for the opposition to run anti-war campaigns in Russia by shutting down ads, which was a huge gift to Putin “Navalny expressed himself on his blog. (Google Translate was used to translate this blog post.)

A request for comment from Google and Meta was not immediately returned.

Navalny is Russia’s most visible opposition figure. He is currently imprisoned and was poisoned by Russian security agents in 2020, despite the Russian government’s denials.

Russia’s invasion of Ukraine has prompted dozens of major corporations to pull out of the country, resulting in sanctions and anti-war demonstrations around the world and within Russia.

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National News

Owo Killings: Pope Francis Expresses Sadness Over Church Attack

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Owo Killings: Pope Francis Expresses Sadness At Church Attack

The head of the Catholic Church, Pope Francis, has expressed deep sadness at the attack on St. Xavier catholic church, Owo, Ondo State.

The Vatican leader in a statement on his official social media account, disclosed his dismal, as he prays for those who were affected by the attack.

“I was deeply saddened to learn of the horrific attack at Saint Francis church in Owo in Nigeria. The Pope wrote.

READ ALSO: Herdsmen Invade Catholic Church In Ondo, Kill Worshippers

“Pray together for all those affected by this act of unspeakable violence and for the conversion of those blinded by hatred and violence.”

Recall, NEWSRAND had reported that, on Sunday, June 5, 2022, some yet-to-be-identified gunmen attacked the Owo catholic church, killing scores.

The Police confirmed the attack, according to an official police report from the spokesperson of the Ondo command, Oyediran Oyeyemi.

“Today, Sunday 5th June 2022 at about 11:30 am, while the Church service was ongoing, some armed men invaded the church and attacked members of the church, where some lives were lost and some sustained varying degrees of injuries, the report read.

“Preliminary investigation revealed that the assailants approached the church during the service, and started shooting from outside the church while others numbering about 4 (four) shot directly into the church.

“The CP while commiserating with the Church, families of the deceased, the people of Owo and Ondo State Government, has ordered immediate deployment of armed and specialized policemen to the area to restore normalcy and fortify the entire community.”

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