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GOV. ABIODUN  HAILS  NSC REPORTS ON OGUN IGR

- by Oswald Brown, Editor
Ogun State Governor Prince Dapo Abiodun

AFRICA/CARIBBEAN NEWS FOR THE WASHINGTON INFORMER (THURSDAY, NOVEMBER 7, 2024

LAGOS, Nigeria — Ogun State Governor Prince Dapo Abiodun has hailed the reports of the National Bureau of Statistics (NBS), which listed the state among the best in Internally Generated Revenue (IGR) in the country, The Daily Post reportred on undy, November 3, 2024,

Speaking during the public unveiling and commissioning of the Olumo Courts service apartments and associated facilities in Abeokuta on Saturday, Governor Abiodun quoting the NBS report, noted that Ogun State’s internally generated revenue has surpassed that of several states, showcasing its economic resilience and growth.

The governor said through various policies that his administration has been able to grow the economic base of the state to an enviable position where it no longer needs to rely too much on federal allocations.

“According to a recent report by the National Bureau of Statistics, Ogun State generated more revenue than five states in one zone and six in another in 2023. We are among the few states that can thrive without federal support,” he stated.

He described Olumo Courts, located in Ibara, Abeokuta, as a significant project aimed at enhancing the quality of life for residents.

Governor Abiodun acknowledged the criticism his administration faced regarding the urbanregeneration efforts in the Government Reserved Area (GRA) of Ibara. He emphasized that the successful establishment of Olumo Courts, championed by former President Olusegun Obasanjo, has strengthened his administration’s resolve to transform urban areas throughout the state.

“We initiated the Urban Renewal of Abeokuta, starting in Ibara GRA, despite facing substantial criticism. The achievements of Olumo Courts reaffirm that we are on the right track,” he remarked.

Abiodun highlighted that initiatives like Olumo Courts, along with the construction of over 4,000 housing units in the past five years, have bolstered the state’s economy.

The governor praised former President Obasanjo as a remarkable figure whose vision has paved the way for projects like Olumo Courts, which features 36 luxury smart apartments equipped with modern amenities such as a swimming pool, tennis court, gym, and squash court. He called for Ogun State’s citizens to draw inspiration from this initiative.

Abiodun noted that Olumo Courts will not only enhance the architectural landscape but also create job opportunities and attract investments, particularly from the diaspora. He explained that the project’s approval process took 17 months due to necessary redesigns to align with urban regeneration goals.

The governor reiterated his commitment to supporting projects that enhance the state’s economic foundation.

In his opening remarks, Prince Rotimi Martins, a member of the Olumo Courts development team, described the project as the first smart city estate in the GRA, symbolizing growth and investment potential for the state

 

CAPTION: Ogun State Governor Prince Dapo Abiodun has

 

 

-***************************CARIBBEAN NEWS*****************************

 

PRICE SMART FEELING FOREIGN EXCHANGE CRUNCH IN TRINIDAD

 

PriceSmart, identified in 2015 by former Central Bank Governor Jwala Rambarran as the leading user of US dollars in Trinidad and Tobago’s retail and distribution sectors, says that ongoing challenges due to limited US dollar availability in this country have impacted its ability to convert T&T dollars to meet its obligations and support investments. Despite these constrainis, however, PriceSmart was able to reduce its T&T dollar holdings  billion dollars (US$82.3 million).

PriceSmart, headquartered in San Diego, California, owns and operates US-style membership shopping warehouse clubs in Latin America and the Caribbean.It has four warehouse clubs in Trinidad and Tobago.

“Periodically, we experience a lack of availability of US dollars in certain markets (US dollar illiquidity). This can and has impeded our ability to convert local currencies obtained through merchandise sales into US dollars to settle the US dollar liabilities associated with our imported products and to otherwise redeploy these funds in our company,” it stated

Pricesmart said this illiquidity also increases our foreign exchange exposure to any devaluation of the local currency relative to the US dollar

“For instance, during fiscal year 2021, we experienced significant limitations on our ability to convert Trinidad dollars to US dollars or other tradable currencies. Our balance as of August 31, 2023 of Trinidad dollar denominated cash and cash equivalents and short and long-term investments measured in US dollars was $18.2 million, a decrease of $82.3 million from the peak of $100.5 million as of November 30, 2020,” PriceSmart stated.

PriceSmart said since 2017 it has been unable to source a sufficient level of foreign exchange.

EzoicIt however said it is working with its bankers in Trinidad and Tobago as well as government officials “to convert all of our Trinidad dollars into tradeable currencies.”

 

CAPTION; PriceSmart reported that it is required to maintain a certificate of deposit and/or security deposits of Trinidad compensating balances for several US dollar- and euro-denominated loans payable over several years.

 

 

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WITH ROOTS DEEP IN STANYARD CREEK, ANDROS, THE ELLIOTTS ARE A CLOSELY-KNIT FAMILY By OSWALD T. BROWN WASHINGTON, D.C., November 1, 2024 – My family roots are in Stanyard Creek, Andros, where I spent my boyhood years growing up with my grandparents, Benjamin and Mabel Elliott, after I was born on March 7, 1942. We were, and still are, a very closely knit family. My mother, Violet Corinne Elliott Brown, was the eldest of Papa and Mama’s daughters and their second child, preceded by their first-born, Uncle Clarence Brenville Elliott. Next in line were my Uncle Lee Elliott, followed by Uncle A udley Elliott, Aunt Amanda Elliott Fox, Uncle Ashton Elliott. and Aunt Maria Elliott Forbes, who was very much involved in my growth and development during my teenage years growing up in Nassau. Ican vividy recall how distraugnt I was when my cousin Norma Elliott, who lives in Brooklyn, New York, called me shortly after 7 o’ clock on the morning of ????????????????????????????with the devastating sad news that my Aunt Maria ad died. She was 91 years old, but there is absolutely nothing in life to inoculate you from the gripping pain at the loss of someone who meant so, so much to you.during the span of your life. The loss of a loved one is always painful and although death is inevitable, the pain is not lessened by this knowledge when someone close to you dies. The deaths of my grandparents, Ben and Mabel Elliott—first Mama and then Papa – certainly were examplesof the debilitating nature of the level of this excruciating pain that I experienced.. Similarly, when my saintly mother, Violet died in March of 1991, the depth of my despair was almost unfathomable. (CAPTION: My Aunt Maria Elliott Forbes is pictured in this photo taken in New York with her nieces Norma Elliott (left) and Patricia Elliott Horsford.) (CAPTION: I am pictured with my Cousin Sylvia Elliott Ross (left) and Aunt Maria Elliott Forbes outside the Crystal Palace Ballroom, where we attended a dinner held by Our Lady’s Roman Catholic Church several years ago.) I was living in Washington, D.C., at the time and had just seen my mother a couple months earlier during my annual Christmas visit to The Bahamas and she seemed to be in very good health. So when I received the call on March 10 from my Aunt Maria informing me that my mother had died, I became limp and incoherent and simply lost all composure. Even this experience, however, was not as emotionally gut-wrenching as the drowning death of my wife Enid, my African Princess, in February of 1998. Enid was from the African nation of Liberia, and we had only been married for five months, but over a period of six years after we first met in January of 1992 in Washington, D.C., we nurtured and developed an intensely loving relationship as well as a close friendship. Her untimely and sudden death still pains me greatly whenever I think of the wonderful times we shared together. I felt this same level of gut-wrenching pain when I heard about the death of my Aunt Sylvia Elliott Ross in April of 2012. Aunt Sylvia along with Aunt Maria were very instrumental in steering my life in the right direction during those formative years when young minds are so impressionable and vulnerable to inculcating life-long bad habits. Aunt Sylvia was actually my first cousin. Her father was my uncle Clarence Elliott, who as I previously noted was the oldest of Ben and Mabel Elliott’s children; my Cousin Sylvia and Papa and Mama’sungest daughter, Aunt Maria, were around the same age and they grew up like sisters. Consequently, all of the other grandchildren who were left in the care of Papa and Mama while our parents were on “The Contract” in the United States or working somewhere else in The Bahamas grew up calling her Aunt Sylvia. In addition to myself, the five other grandchildren were cousins Agnes, Beryl and John, children of Uncle Lee; my late sister Elthreada Brown McPhee; and my cousin Alphonso “Boogaloo” Elliott, a son of my Uncle Audley. The grandchildren of Ben and Mabel Elliott were fortunate to have two very gifted and imaginative persons like Cousin Sylvia and Aunt Maria as mentors and guiding lights growing up on the Western Ridge of Stanyard Creek in the 1940s and early 1950s. Both were “monitors” at Stanyard Creek All-Age School, which meant that us younger grandchildren had the benefit of two “teachers” living in the same house with us. They both ended up choosing teaching as their life-long careers, and there are unquestionably many of their former students in The Bahamas who can vouch, as I certainly can, for the fact that Maria Elliott Forbes and Sylvia Elliott Ross were two excellent teachers. Both were also staunch disciplinarians, a trait they no doubt picked up from Papa, a no-nonsense deeply religious man whose influence in the community was probably not matched by any other individual in Stanyard Creek. Papa owned the “major” grocery store, small though it was, on the Western Ridge and our family compound also consisted of a “big” and “small” house as well as a separate structure that was used as a kitchen. Papa had a very liberal policy with regard to regular customers of the grocery store. They could “trust” things they needed if they didn’t have the money at the time and pay whenever they got it. Whatever influence Papa had as a grocer paled in comparison to when he donned his cassock as a catechist at Stanyard Creek’s St. Rita’s Roman Catholic Church. The priest assigned to Andros generally made his rounds of the various settlements once a month, so Papa was responsible for conducting Mass most of the time. Therefore, we all grew up as very devout and committed Roman Catholics. Indeed, attending church three times on Sundays—morning Mass, Sunday School and Evening Mass—was the norm for the Elliott household. Christmas at Stanyard Creek was especially memorable. The entire settlement got involved in seeing to it that it was an enjoyable period for children as well as adults. This was facilitated by a series of Christmas concerts by the various religious denominations, which gave the children an opportunity to display their budding thespian skills or singing talent. Thanks to Cousin Sylvia and Aunt Maria, the grandchildren of St. Rita’s catechist had the inside edge for the top parts in the Christmas play put on by the church, and invariably John, Boogaloo and myself were cast as the Three Wise Men or some other leading roles. (CAPTION: Maria Elliott Forbes with her nephew Alphonso “Boogaloo” Elliott, who visited her at the home of her niece Leonardette Ross King during her summer visit to Nassau from New York.) All of our Christmases indeed were wonderful ones, but there is one that really stands out in my mind. I am not quite certain whether it was Christmas of 1949 or 1950, but I was either seven or eight years old. Cousin Sylvia and Aunt Maria left no stones unturned in putting their imaginative skills to work and requested all of the grandchildren to write essays to Santa Claus asking for the gifts that we individually wanted and they encouraged us to explain why we felt deserving of those gifts. They told us these letters would be mailed directly to Santa, and depending on whether or not we were able to convince him that we had been good boys and girls, our requests would be answered. On Christmas Eve, we were told we had to go to bed early, and sometime during the night, Santa would bring our gifts. I can’t recall exactly what I wrote for, but I knew it wasn’t what I got when I woke up the next morning. In a nicely decorated bag with my name on it there were all sorts or goodies such as home-made candies, coconut cream cakes and other similar goodies that more likely than not were baked in our own kitchen. Inside the bag, there was a letter from “Santa” explaining that there was an overwhelming number of requests for the items I had asked for and he simply ran out before he got to our house. He said he would keep me in mind for the next year and urged me to continue to be the exceptionally good boy that I said I had been in my letter to him. I was deeply disappointed, but my disappointment evaporated almost instantaneously when I opened a gift from Boogaloo’s father, Uncle Audley, who had recently returned from The Contract. As he usually did, he had brought back sets of new clothing and shoes for all of us. That Christmas Day we were probably the best dressed children in all of Stanyard Creek. Memories of those wonderful, wonderful years in Stanyard Creek flooded my mind when Cousin Sylvia Elliott Ross died in August of 2012 and when Aunt Maria had died. (CAPTION: Maria Elliott Forbes, during her visit to Nassau this past summer, is pictured at the home of her niece Leonardette Ross King, with, from left to right: Jerome Elliott, a nephew; Norma Elliott (standing), a niece visiting from New York whom she raised; Dr. Marcella Elliott-Ferguson, a cousin; and Leonardette.) (CAPTION): My Aunt Maria Elliott Forbes is pictured in this photo taken in New York with her nieces Norma Elliott (left) and Patricia Elliott Horsford. I have written on more than one occasion about how closely knit we are as a family. Cousin Sylvia was the daughter of my late uncle Clarence Elliott Sr., the eldest child of Ben and Mabel Elliott. He moved from Stanyard Creek as a young man to work in Nassau and built a house through Paul Meeres Corner, now known as Fleming Street, which became the Elliott family homestead when members of the family relocated to Nassau. It still exists as a rental unit opposite what used to be Keith’s Chicken in the Bag take-out restaurant. Uncle Clarence subsequently moved to New York —I think at some point during the 1940s – where my cousins the late Clarence Jr., the late Sandra Elliott Coleman, Patricia Elliott Horsford, Mabel Elliott Moultrie, the late Alfred Elliott and Norma were born.Norma and Alfred were brought up in Nassau by Aunt Maria, and Clarence, Jr., Sandra, Patricia and Mabel attended high school in Miami while living with my late Aunt Amanda Elliott Fox and her husband Lawrence Fox. They all eventually moved back to New York when they graduated from high school. When they both retired from teaching, every year Aunt Maria and Cousin Sylvia went on a cruise. After they had seen virtually all of the islands of the Caribbean, for a couple years they took cruises to Mediterranean destinations, and I still have a t-shirt from Greece that Aunt Maria brought back for me from one of those trips. When Aunt Maria’s health started to deteriorate, she moved in with Aunt Sylvia, through Murphyville in Palmdale, where Cousin Sylvia’s daughter Leonardette Ross King, who was then teaching in Nassau, was able to assist in taking care of both Aunt Maria as well as her mother. After Cousin Sylvia’s death, Norma, who calledd Aunt Maria “Mommy,” subsequently arranged for Aunt Maria to live with her in Brooklyn, New York. Aunt Maria spent several summers with Leonardette in Nassau, and although she had been afflicted with Alzheimer’s for several years, she often was very “upbeat” and looked marvelous for her age. Her funeral service was held at Our Lady’s Roman Catholic Church on Deveaux Street in Nassau, which has been the parish church of members of our family from the time we moved from Andros to Nassau and where both Aunt Maria and Cousin Sylvia blended their voices with the excellent choir at Our Lady’s for many years.

I AM AS EXCITED AS A LITTLE KID WAITING FOR SANTA CLAUSE OVER MY FIRST VISIT BACK HOME IN MORE THAN FIVE YEARS

PREPARING FOR MY FIRST VISIT BACK HOME IN FIVE YEARS

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