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    Israel and Iran agree on ceasefire – Trump

    Israel and Iran agree on ceasefire – Trump

    Breaking: Iran launches missiles at US bases in the Middle East

    Breaking: Iran launches missiles at US bases in the Middle East

    US military strikes Iran

    US military strikes Iran

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    Yahoo boys launder money for ‘politically exposed persons’ – EFCC boss

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    Trump congratulates Nigeria for Banning Twitter, says more countries should do same

    Trump bans citizens of 12 countries from entering the U.S, full list

    France launches mandatory online visa appointments for travelers

    France launches mandatory online visa appointments for travelers

    Federal Government declares June 6 and 9 public holidays

    Federal Government declares June 6 and 9 public holidays

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    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

    Buhari says Nigeria security and economy improved during his tenure

    Buhari says Nigeria security and economy improved during his tenure

    Air Sierra Leone commences flight operations to Lagos

    Air Sierra Leone commences flight operations to Lagos

    Nigeria renews $2 billion currency swap deal with China to boost bilateral trade

    Nigeria renews $2 billion currency swap deal with China to boost bilateral trade

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    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2025, qualification and payment dates

    Sovereign Trust Insurance Plc grows Profit after tax by 43%  in Q1 2021

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    ELECTION: Cutix Plc reschedules Board Meeting

    Weekly Report: Nigerian Exchange sees mixed performance as Cutix Plc emerge top gainer

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    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

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Irreconcilable Incongruities (2) – Adeyemo as US Deputy Treasury Secretary

Tuesday, 9 February 2021, 10:43 pm
in Economy, Policies
1
Irreconcilable Incongruities (2) – Adeyemo as US Deputy Treasury Secretary
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The recent nomination by the US President, Dr. Joe Biden Jr., for the post of the Deputy Treasury Secretary of the United States has got the world talking. This nomination and numerous other nominations have put the new administration in the limelight of non-racial, non-segregating government, having within its purview the ethics of human capital inclusion.

Adewale ‘Wally’ Adeyemo, as a baby, traversed continental horizons ‘in search of the American dream’; a move that would become the first stage in his adventure to the White House. He saw opportunities and grabbed them and is not new to the White House as he was one of the stars of the Obama Administration. According to Furman, a professor of economic policy at Harvard University, Adeyemo “impressed everyone he met with his intelligence, great judgment and kindness.” Today, he has become the first black and African to occupy that seat.

By merit, he has extensive experience as he is a proven party-man schooled in the ethos of the Democratic Party on managing the United States economic affairs. Adeyemo is at the vanguard of multilateralism and comes in when America is deep in its worst economic crisis since 1929. He is to help in surmounting these challenges and forging the US economy forward. This crisis has seen the unemployment rate skyrocketing from 4.4% to 11.2% within the Q2 2020. It also saw the US GDP go down by 31% within the same period due to the coronavirus pandemic. Biden has, at the frontier of his plans, economic revival especially among the SMEs.

Theafricareport has it that his achievements included: “the negotiation of the Transpacific Partnership Agreement, a free trade treaty signed by Obama in 2016 but abandoned by Trump before it came into force. His closeness to the former president earned him the appointment last year as president of the Obama Foundation that supports charitable work in Africa and elsewhere.”

In responding to his nomination, Adeyemo gave priority to “inequalities, the country’s competitiveness and future employment opportunities.” This will definitely change the current narrative surrounding the American economy.

Wally attended the University of California, Berkeley and attended the Yale Law School. Among other positions of worth in the US, he was appointed to serve as Deputy National Security Advisor for International Economics and deputy director of the National Economic Council in 2015.

Like we said when we started the discourse yesterday (the case of Ms. Enoh T. Ebong), we are looking at these issues because of the Nigerian connection to them. This further goes to prove that stuffs are in Nigerians’ brains. The sad irony is that much of these achievements, exploits and breakthroughs happen outside the shores of this country.

Now, we begin to ask the questions of wit once more. Would Adeyemo have gotten to the highest echelons of presidential administration in this country? Partly yes, partly no on account of his career in party politics. Would he have performed to the level that merited him this position? Would the government of the day have recognized what he did as a junior officer and give him this appointment or would the position be used to compensate a loyalist who is totally not aligned to economic technocracy? Would ethnicism, tribalism, religious bigotry, etc have denied him the chance to live his dream?

We will be concluding this matter in our next discourse which promises to explore different angles to answering the above questions and much more. Keep an eye on this space.

Azuka Edokobi
Azuka Edokobi

Azuka Edokobi is a Writer , a Farmer, a Supply Chain Expert and an Entrepreneur

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