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    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

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    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

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    UK Court awards £20m Damages in favour of Nigeria against P&ID

    S&P Global revises Nigeria outlook from Stable to Positive

    Conoil Plc to Hold 55th AGM, Proposes N3.50 Dividend

    Conoil Plc to Hold 55th AGM, Proposes N3.50 Dividend

    Nnamdi Kanu files court motion seeking an order to “stay proceedings” in trial before Justice Omotosho

    Nnamdi Kanu files court motion seeking an order to “stay proceedings” in trial before Justice Omotosho

    FIRS, JTB begin ‘full scale enforcement’ on tax defaulters

    Capital Gains Tax: Oyedele Confirms Past Gains Exempt from New Law

    Nigeria Exchange Group Declares ₦1.00 Interim Dividend for Q3 2025

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    Only 23% of Nigerians trust INEC- Report says

    INEC uploads 97.73% of Anambra State Governorship election polling unit results

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    Headline Inflation in Nigeria rose to 22.04% in March

    Nigeria’s inflation eases to 16.05% in October 2025

    President Buhari hikes Petrol Price to N212 per litre through the PPPRA

    Federal Government suspends 15% import tax on imported petrol

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

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    CBN Tightens Agent Banking Operations, Introduces Transaction Limits

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    The New Tax Acts and Tax ID – What You Need to Know

    The New Tax Acts and Tax ID – What You Need to Know

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    FY 2020: Zenith Bank Plc rakes in N230.6 billion profit after tax

    Zenith Bank Plc addresses rumored acquisition in Kenya

    Dangote Sugar Refinery Announces Resignation of Ravindra Singhvi and Appoints Thabo Mabe as Successor

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    FCMB Group Plc Calls EGM to Lift Capital Raise Cap to ₦370bn

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    Agro-Industrial giant Presco Plc reports N10.12bn profit in H1 2021

    Presco Plc commences Rights Issue of 166,666,667 ordinary shares

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    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

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    Silver and other Precious Metals Surges amid Economic concerns

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    FGN Savings Bond offer opens with up to 14.565% annual interest

    ASO Savings Posts N21M Q2 Profit Despite N51B Negative Equity

    ASO Savings Posts N21M Q2 Profit Despite N51B Negative Equity

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    How does family of 6 survive with income of N250,000 a month

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    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

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

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

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

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

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    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

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Trump cancels Biden’s security clearance, escalates Foreign aid Crackdown

Saturday, 8 February 2025, 4:59 pm
in News, World
0
Trump cancels Biden’s security clearance, escalates Foreign aid Crackdown
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In a series of rapid and bold moves, the 78-year-old billionaire has frozen aid to South Africa, the birthplace of his key donor, Elon Musk, and has appointed himself as the head of the Kennedy Center, a prestigious cultural venue in Washington. “There is no need for Joe Biden to continue receiving access to classified information,” Trump stated on his Truth Social network, adding that he was “immediately” revoking the Democrat’s security clearances and ending his daily intelligence briefings.

“JOE, YOU’RE FIRED,” he exclaimed in all caps. Traditionally, former US presidents are granted the right to receive intelligence briefings even after leaving office. Trump has also intensified his criticism of the United States Agency for International Development (USAID), which provides humanitarian aid worldwide. “THE CORRUPTION IS AT LEVELS RARELY SEEN BEFORE. CLOSE IT DOWN!” he declared on Truth Social, without presenting any evidence. USAID has faced severe scrutiny since Trump initiated a campaign, supported by Musk—who is the world’s richest person—to cut back or dismantle significant parts of the US government.

On Friday, Musk, along with Trump, shared misleading information regarding USAID’s finances and reposted images showing the agency’s signs being removed from its Washington headquarters. The Trump administration has halted foreign aid, ordered thousands of international staff to return to the US, and begun reducing USAID’s workforce from 10,000 employees to approximately 300.

Labor unions are contesting the legality of these actions, and a federal judge has temporarily paused the administration’s plan to place 2,200 USAID workers on paid leave by the weekend. Democrats argue that it would be unconstitutional for Trump to close government agencies without legislative approval.

The current US budget allocates about $70 billion for international assistance, which is a small portion of overall spending, yet it yields significant returns. USAID operates health and emergency programs in around 120 countries, including some of the world’s poorest regions, enhancing Washington’s efforts to compete for influence against rivals like China. Samantha Power, the former USAID chief under President Biden, criticized the situation in a harsh opinion piece in the New York Times, stating, “We are witnessing one of the worst and most costly foreign policy blunders in US history.”

Hard-right Republicans and libertarians have long questioned the necessity of USAID and have labeled its spending as wasteful. Additionally, Trump appointed himself as the chairman of the Kennedy Center, asserting that the venue did not reflect his values. “Just last year, the Kennedy Center featured drag shows specifically targeting our youth — THIS WILL STOP,” he wrote on Truth Social, without clarifying which show he was referencing.

Trump has consistently criticized gender-nonconforming individuals. He followed up on his promise to freeze US aid to South Africa, citing a law he claims allows farmland to be seized from white farmers, despite denials from Johannesburg. Musk has frequently criticized the South African government. Musk and his so-called Department of Government Efficiency (DOGE) have aggressively targeted agencies that Americans have typically taken for granted. While Democrats have found it challenging to counter these budget-slashing maneuvers, legal actions are slowly emerging. A judge recently blocked Trump’s attempt to overturn the constitutional guarantee of birthright citizenship and paused plans for mass buyouts of federal workers, pending arguments on Monday.

Vivian Ifunanya Gerald

Administrator and Writer

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