Headline

Pendulum: Buhari, Osinbajo, Tinubu, Ambode and the Presidential Visit

Published

7 years ago

March 31, 2018

Eric

By Dele Momodu

Fellow Nigerians, there is so much to write about today, but first, I must quickly apologise for my absence on this page last week. My itinerary has been very packed lately, and last week was particularly jammed. I had criss-crossed Africa, from West to East and East back to West. I travelled from Nigeria, to Rwanda and Nairobi and then back to Nigeria. I returned last week Friday, and I usually devote my Friday evenings to writing this column. I arrived in the early afternoon, because my flight from Kigali was slightly delayed and got caught up in some really bad traffic on the way to the Island. By the time I arrived at Eko Hotel, there was barely time for me to start getting ready for an important wedding that I had to attend; that of Fatima Dangote and Jamil Abubakar. Of course, Lagos was naturally agog with dignitaries flying in from all over the world, including the boss of bosses, Bill Gates, and the famous African billionaire, Mo Ibrahim. They were in town to honour and rejoice with one of their own, Alhaji Aliko Dangote. This event reconfirmed the pre-eminent status of Lagos as not just a megacity, but also as the centre of entertainment and jollification in Africa. I landed in the middle of that superlative event and it became practically impossible for me to sit down and concentrate on writing my column. I took a chill and called the Editors at Thisday to pardon my inability to deliver as always. I’m glad to be back this week.

A few days later, on Thursday, March 29, 2018, to be precise, Lagos again played host to an august visitor, President Muhammadu Buhari. He had come to felicitate with his friend and benefactor, Asiwaju Bola Ahmed Tinubu. Tinubu, the former Governor of Lagos State, was undoubtedly one of the strongest forces that propelled and catapulted Buhari back to power. This was not just because of the popular vote of the South West, which Tinubu delivered to a large extent, but also because of the all-pervading conventional and social media influence and presence that Tinubu brought to bear in support of APC. This was what probably changed the narrative and gave the populace the unerringp belief that indeed APC could unseat the ruling party PDP. A feat that had never before been achieved in Nigeria. But, as they say, human memories are very short. No sooner had Buhari got the golden fleece, that he had chased for eternity, that he was hijacked by a cabal. Wittingly or unwittingly, those who starved and slaved for him were skilfully shoved aside. Tinubu was shabbily treated. And the world wondered what manner of ingratitude this was. Perhaps, Buhari and his handlers forgot that tomorrow would come so soon, and when it comes, they would need Tinubu and others again. Now the chickens have come home to roost.

Buhari wants to contest for a second term. That is not now in doubt. Everything else is shadow boxing! Politics is a game of numbers. But the figures are not adding up. They can’t add up because Buhari has not been very nice to those who showed him love and showered him with goodwill and affection. It was as if he got power by his own effort alone and the contributions of others were downplayed. To win the Presidential contest in Nigeria, a candidate needs to lock down a minimum four out of our six geo-political regions. If elections were held today, I doubt he would win more than two out of six, North West and North East. Whether he can win in the landslide manner that he won in the North West in 2015 is arguable. Such an achievement in the North East is debatable, as a win might even be unlikely. I believe that if the North East should produce a formidable candidate like Alhaji Atiku Abubakar, in PDP, a spanner would have been thrown in the works. Buhari would be forced to sweat profusely. I doubt he can win 50 percent of votes in the South West as his ardent supporters are hoping. The electorate in the South West are too enlightened and do not follow any leader rigidly. It is even much worse now that they feel short-changed by Buhari. The middle-belt is equally endangered. The South-South and South East regions are no-go areas. Give or take, Buhari would have to send his scavengers to scramble for whatever votes they can lay their hands on from all parts of Nigeria. They have a miracle to perform because at the best of times Buhari had failed spectacularly in the Southern parts of the country.

This is why Tinubu has again become the new bride to be spoilt and pampered. Everything Tinubu wants, he is likely to get now. To God be the glory. Tinubu has paid his dues. And, say what you will, he deserves the best. His 66^th birthday celebration forced President Buhari to visit Lagos, a State from which he seemed to have absconded, and abandoned, all this while. Let me not go into the traffic brouhaha and the unspeakable degree of human suffering occasioned during that special visit as a result. I also will not deal with the many man hours and billions of monies lost because of the unfortunate work free day that was declared in Lagos State. According to impeccable sources, the order to shut down Lagos was a Federal Government decision and instruction. That was a most atrocious act that must never be repeated anywhere in this country. It generated and transmitted public and international odium and denigration to Lagos State, which has been working hard to bring sanity back, and restore hope in the people that government can truly work for them.

Anyway, President Buhari landed in Lagos on his two-day official visit. One of his first duties was to commission the Ikeja Bus Terminal. Perhaps, out of deep frustration, and to some extent mischief, many Lagosians lambasted Buhari for coming to commission a bus terminal, when he should be commissioning modern metro-lines. That may well be so as commissioning projects go. But to the credit of Lagos State Government and Governor Ambode, the Bus Terminal project is a very good and methodical way to modernise Lagos. You cannot climb a tree from the top. The strategy is to start from the most basic things and upgrade to the most profound. About a dozen of such terminals are being constructed. These should hopefully reduce the menace and lawlessness of Lagos transporters. They should also ease the pain and suffering of commuters and motorists who face nightmares caused by gridlock, arising from buses misbehaving on our roads. It is usually difficult to appreciate the beginning and ultimate destination of a visionary leader. I’m reasonably convinced that Lagos needs to be repackaged from scratch and this is what is being done meticulously. My advice to the government is to ignore distractions and remain focused.

President Buhari was also the Special Guest at the 10^th edition of The Bola Tinubu Colloquium which was held at the Eko Hotel Convention Centre. The well attended event turned out to be more of a campaign launch for Buhari’s bid for a second term as President, than a true birthday celebration of the Jagaban of Borgu Kingdom, Asiwaju Bola Ahmed Tinubu. The organisers seized every opportunity to sell Buhari and his vision. The Chief Marketer turned out to be the Vice President, Professor Yemi Osinbajo who delivered his best speech ever and took the PDP government under President Goodluck Jonathan to the cleaners. He spoke eloquently from the heart and quoted copiously from a compiled data of the misdeeds of the PDP regime. For his powerful delivery, the Professor of Law received a standing ovation. Even his boss, the President, was very impressed and everyone could see him blushing with pride. For the erudite scholar, it was his glorious moment.

The Vice President sounded more convincing than all others who had previously tried unsuccessfully to say and show that the APC government and its leader, President Buhari, is far better, and doing much more, than the PDP administration, and President Jonathan. But I hope the damage has not been done already to this Buhari government. Many wondered why Osinbajo had not been used more productively and effectively in the past. How can a reasonable government refuse to put forward the brightest Nigerians? There are many Osinbajos wasting away within Government in Nigeria. There are even many more untapped talents outside of Government. These need to be harnessed if we are to make any progress as a nation. Instead, what we have are woeful mediocres, and, sometimes even, complete ignoramuses being pushed into positions where they can never achieve anything tangible.

For the first time, I listened to the sermon of Professor Osinbajo and almost got carried away. I had to pinch myself to remind me about the different reality out there. While it is true that the PDP government fumbled stupidly and brought us to the sorry pass that we are now in, the APC government has had, and is still having, its terrible moment. The Government should realise that if PDP had performed well, Nigerians would not have resorted to the APC. Further, APC must never forget that more than 45 % of Nigerians also voted for the PDP in that election and that the margin of victory was just about 2 million voters. Therefore, there was always bound to be those who would support APC and criticise the new Government. Most people would have ignored these “wailers”, as they would have been properly characterised, if the APC Government had covered itself in total glory. However, that has not been the case. APC has been trailed by endless scandals almost on a parallel scale with that of the PDP Government that it sacked. This is sad and distressing. What is even more unforgivable is that the ruling APC has protected its sacred cows with everything, while harassing some members of its own party and those of the opposition parties merely because they offer a dissident or discordant voice. Apart from this being undemocratic, it is morally indefensible. There should be no person who is beyond reproach, simply because he belongs to a cabal that has got our country in a virtual impregnable headlock.

It is good that Buhari looks and acts penitent, but he should be held to his promises, this time. Before giving its blanket support again, Tinubu should drive a hard bargain for greater recognition and development of the needs of the South West. For example, with respect to Lagos State where the President has just concluded his State visit, Tinubu should ensure that the State receives approval, and instant execution, for the requests made by Governor Ambode on the transfer of the National Theatre and the National Stadium to the State. These important national monuments are presently an eyesore, just wasting away, when there is so much Lagos can do to revamp them to their old glory.

We must always remember that it is our culture and heritage that distinguishes us from other people and countries. We cannot progress as a nation if we do not showcase that cultural complexity that makes us uniquely Nigerians. We must first do so amongst ourselves before we can sell it to others. We have been complaining about the current wave of disunity that is sweeping through our nation and eating away at the very fabric of our society. These National treasures could begin to assist in the healing process that the Presidency must embrace if we are not to be torn apart. We have long known that our diverse traditions and sports have always been able to bring us together and bond us. But in recent times we have neglected and relegated them whilst pursuing fruitless and damaging ethnic and religious agendas. If Lagos State is prepared to help nation building by restoring these edifices to their lost glory, then the Federal Government should only be too happy to oblige and encourage the State.

The Presidential visit, hopefully, would bear fruits, and not just be a mere jamboree!

Headline

How FG Spent N19bn on Presidential Planes in 15 Months – Report

Published

5 days ago

November 12, 2024

Eric

At least N19.43 billion has reportedly been spent on the maintenance and operations of the Presidential Air Fleet from July 2023 to September 2024.

According to GovSpend, a civic tech platform that tracks and analyses the Federal government’s spending, showed that for 2024, the payouts amounted to N13.55billion, representing 66 per cent of the allocations for the fleet in the 2024 fiscal year.

Most disbursements were labeled ‘Forex Transit Funds,’ typically funds allocated for foreign exchange requirements to facilitate international transactions and engagements.

In the context of the Presidential Air Fleet, such funds are used to cover expenses related to operations outside the country, including fuel purchases, maintenance or services in foreign currencies.

“When aircraft on the fleet are abroad, payments are often made in U.S. dollars or another foreign currency to ensure uninterrupted operations,” a government official explained.

In July 2023, N1.52bn was disbursed in two tranches of N846m and N675m for ‘Presidential air fleet forex transit funds.’

The following month, N3.1bn was disbursed in three tranches of N388m, N2bn, and N713m for the same item.

In November of that year, N1.26bn was released to the Presidential Air Fleet Naira transit account.

The first overhead for 2024 came in March, where N1.27bn were disbursed twice, amounting to N2.54bn. The transit account received N6.35bn in April, N4.97bn in May and N210m in July.

August saw the highest frequency of transactions, with N5.60bn released in six separate disbursements.

Although these transactions were not clearly labeled, the monies were paid into the Presidential Air Fleet naira transit account, including the N35m transfer made in September.

In late April, the transit account received N5.08bn; this came around the same time the President was on a two-nation tour to the Netherlands and Saudi Arabia.

Although Tinubu arrived in the Netherlands in a state-owned Gulfstream AeroSpace 550 Jet, the aircraft could not proceed to Saudi Arabia due to unspecified technical problems. He reportedly continued his journey on a chartered private plane.

At the time, the President’s Boeing 737 business jet was undergoing maintenance. It was later replaced with an Airbus A330 purchased for $100m in August through service-wide votes.

The nearly 15-year-old plane, an ACJ330-200, VP-CAC (MSN 1053), is “spacious and furnished with state-of-the-art avionics, customised interior and communications system,” Tinubu’s Special Adviser on Information and Strategy, Mr. Bayo Onanuga said, adding that it “will save Nigeria huge maintenance and fuel costs, running into millions of dollars yearly.”

The new Airbus A330 is just one of several aircraft currently on the Presidential Air Fleet, arguably one of Africa’s largest, with around 11 aircraft of various makes and models. Until August, it comprised the 19-year-old B737-700 and a 13-year-old Gulfstream Aerospace G550.

The BBJ was acquired during the tenure of former President Olusegun Obasanjo at $43m but became a money guzzler as it aged.

Onanuga, defending the purchase of Airbus A330, argued that the new Airbus 330 aircraft and the costs of maintaining the air fleet were not for the president but in the interest of Nigerians.

“It’s not President Tinubu’s plane; it belongs to the people of Nigeria, it is our property…the President did not buy a new jet; what he has is a refurbished jet – it has been used by somebody else before he got it, but it is a much newer model than the one President Buhari used.

“The one President Buhari used was bought by President Obasanjo some 20 years ago. There was a time when the President went to Saudi Arabia, and the plane developed some problems. The President had to leave the Netherlands with a chartered jet.

“Nigerians should try to prioritise the safety of the President. I’m not sure anybody wishes our president to go and crash in the air. We want his safety so that he can hand it over to whoever wants to take over from him,” Onanuga said.

The presidential aide said he discussed with the National Security Adviser, Nuhu Ribadu, on the faulty plane [Boeing 737 jet] and he said the maintenance costs were excessive because of the age of the aircraft, hence the need for another plane.

The presidential fixed-wing fleet includes a Gulfstream G500, two Falcon 7Xs, a Hawker 4000, and a Challenger 605.

Three of the seven fixed-wings are reportedly unserviceable. Meanwhile, the rotor-wing fleet includes two Agusta 139s and two Agusta 101s, all operated by the Nigerian Air Force but supervised by the Office of the National Security Adviser.

Former President Buhari promised to reduce the number of aircraft in the PAF to the absolute necessary.

In April 2023, three jets were put up for sale, but there were no specifics on which.

However, efforts to sell one of the Dassault Falcon 7x and the Hawker 4000 in October 2016 stalled when a potential buyer reduced their initial offer from $24m to $11m.

Since 2017, budgetary allocations for the fleet have shown a growing trend, with one exception in 2020.

The allocation for the fleet increased from N4.37bn in 2017 to N20.52bn in 2024, showing a 370 per cent rise in running costs.

In 2018, the fleet’s budget rose significantly by 66.13 per cent to N7.26bn, driven by a substantial increase in capital project allocations while maintaining similar levels for recurrent costs. This upward trajectory continued into 2019, slightly increasing the total allocation to N7.30bn.

The exception came in 2020, when the budget dropped by nearly seven per cent to N6.79bn, primarily due to decreased overhead costs, a reflection of the global economic impacts of lockdowns and disruptions in operations.

By 2021, however, the budget surged dramatically to N12.55bn—a record increase of 84.83 per cent from the previous year.

In 2022, maintenance expenses for each aircraft ranged from $1.5m to $4.5m annually.

The 2022, 2023 and 2024 appropriation acts earmarked N12.48bn, N13.07bn and N20.52bn respectively.

On his way to the 2024 Commonwealth Heads of Government Summit in Samoa, a foreign object damaged the cockpit windscreen of Vice President Kashim Shettima’s GulfStream aircraft during a stopover at JFK Airport in New York.

According to Lee Aerospace, manufacturers of the Gulfstream, jet windshields consist of thick multilayered structures of varying layers of glass and transparent acrylic built to withstand collision with a 2kg object.

However, damage to the windshield must have affected its inner layers. While specific prices for replacement can vary based on supplier, labour rates and regional costs, estimates suggest that a single windshield replacement for a G550 can range from $50,000 to $70,000 for part and labour costs.

In an interview with our correspondent, the General Secretary of the Aviation Round Table, Olumide Ohunayo, blamed the meteoric rise in the allocations for the PAF on the age of some of the aircraft in the fleet and declining value of the naira as well as the “commercial use” of aircraft by the Nigerian Air Force.

Ohunayo said, “The cost will definitely increase over the years because for one, this issue of the naira against the dollar. As the naira keeps falling to the dollar, we will see a rise in cost because most of the costs of training crew and engineers and replacing aircraft parts are all in dollars.

“Also, some of these aircraft are not new. The older the aircraft, the higher the cost of maintenance and operation.

“Lastly, during these past years, terrorism and insecurity have increased in Nigeria, which has also affected the cost of insuring the aircraft.”

For his part, the Executive Chairman of the Centre for Anti-Corruption and Open Leadership, Debo Adeniran, argued that the administration’s spending habits were opposite to Nigerians’ expectations of frugality.

“What we are getting from this administration is opposite to our expectation. We thought we would have an administration that would be frugal in spending and very meticulous at implementing its budget.

“But what we are getting is an administration that has fallen in love with profligacy; that doesn’t see anything wrong in living big amid a poverty-stricken nation.

“It is a reenactment of the Shagari administration, whereby they bought the biggest Mercedes Benz and made themselves as comfortable as possible without considering how much the masses are suffering.

“So when you look at a Vice President saying he’s not travelling [to Samoa] again because there was a splinter on the windscreen of his private aircraft. Why should that be the case?

“First and foremost, we need to be represented at such an international meeting, where we should be well represented by the first two citizens of this country.

“He abandoned that, which means we would have lost certain representation that we deserve at that forum. Two, money will have been spent on advance parties that went ahead of the Vice President. But he abandoned the journey altogether.”

Headline

Pastor Tunde Bakare: Celebrating a Visionary Preacher @70

Published

7 days ago

November 10, 2024

Eric

By Eric Elezuo

He is visionary, blunt, articulate, passionate, fiery, evangelical, fearless, controversial and the newest septugenarian. He is the Founder and Presidng Pastor of the Citadel Global Community Church (CGCC), formally known as the Latter Rain Assembly. He is Pastor Tunde Bakare.

A thought provoking preacher, social commentator, legal expert and politician, Tunde Bakare has come of age in the business called Nigeria.

Born on November 11, 1954, Pastor Bakare is regarded as not only a prophetic-apostolic pastor, but a social and economic image maker, whose contributions to the originality, truth and oneness of the nation cannot be overemphasized.

Originally a Muslim, who embraced the Christian faith in 1974 at the age of 20, Bakare has contributed his quota as a nation builder, seeking both the Vice president and president positions of the nation on two different occasions.

Pastor Bakare started his educational life at All Saints Primary School, Kemta, Abeokuta, and subsequently Lisabi Grammar School, Abeokuta, where he obtained both the School Leaving Certificate and the West Africa Examination Council certificate

After his secondary education, he was admitted into the University of Lagos where he studied Law between 1977 and 1980 before attending Law School in 1981, and was subsequently called to the Bar and following his time in the National Youth Service Corps (NYSC).

Bakare kickstarted his career when he started practicing law at the Gani Fawehinmi Chambers. His dexterity on the job propelled him to Rotimi Williams & Co., and later to Burke & Co., Solicitors.

In October 1984, he went solo, and established his own law firm, Tunde Bakare & Co. (El-Shaddai Chambers). Within the preceeding periods, he combined his legal duties with pastoral functions working as a legal adviser at the Deeper Life Bible Church, and later moving to the Redeemed Christian Church of God, where he became pastor and founded the Model Parish.

Following his time at the Redeemed Christian Church of God, Bakare left to start the Latter Rain Assembly Church in 1989, known today aa CGCC, where he presently serves as the General Overseer. In addition to his time in the church, he zeroed into part time politics, serving as the running-mate to presidential candidate Muhammadu Buhari in the 2011 presidential election. Bakare has been critical of Nigeria’s leadership and has sparked controversy with comments considered inflammatory regarding Muslims and other spiritual leaders.

Also in 2019, Bakare announced his intention to run for president of Nigeria following the end of Buhari’s second term with a total conviction that he has a direct mandate to do and will surely become the next president of Nigeria. He joined the All Progressives Congress (APC) but, lost at the primaries conducted at Eagle Square, Abuja, in May 2022. He launched his then political trajectory under the New Nigeria Progressive Movement.

While expressing his intentions to run for the 2023 presidential election towards becoming the next president of Nigeria to church members in 2019 when he was quoted as saying, “I will succeed Buhari as President of Nigeria; nothing can change it. I am number 16, and Buhari is number 15. I never said it to you before. I am saying it now, and nothing can change it. In the name of Jesus, he (Buhari) is number 15. I am number 16. To this end, I was born, and for this purpose, I came into the world. I have prepared you for this for more than 30 years.”

Bakare also presides over the Global Apostolic Impact Network (GAIN), a network of churches, ministries, and kingdom businesses committed to advancing the Kingdom of God on earth as well as the President of Latter Rain Ministries, Inc. (Church Development Center) in Atlanta, GA, USA, a ministry committed to restoring today’s church to the scriptural pattern. He was given a Doctor of Ministry degree by Indiana Christian University under the leadership of his mentor, Dr. Lester Sumrall, in 1996.

Bakare has been instrumental to some uprisings in the country that challenge unhealthy administrations. It would be recalled that his Occupied Nigeria Movement led the protest against the administration of President Goodluck Jonathan in January 2012 after minor increase in fuel price. The protest was a total success, and led to reduction in fuel pump price.

Also a social critic, Bakare is critical of Miyetti Allah, labeling the Fulani herdsmen as a group of terrorists who rape, murder, and kidnap innocent civilians. Several Fulani Islamic scholars criticized Bakare’s comments about Fulani herdsmen as Islamophobic. Bakare had said that Fulani herdsmen were driving Nigeria towards a civil war.

He also holds a yearly state of the nation address to set the stage for the future and review national issues of the year past.

In his 2019 address, he stated, “We can therefore confidently state that, over the past thirty years, we have faithfully executed our God-given mandate to the nation from this platform. Over the past thirty years, we have deployed appropriate tools for appropriate occasions, from prophetic declarations to confrontational advocacy and from political activism to propositional policy advisory. Over the past thirty years, we have done this consistently, sometimes at the risk of being misunderstood by friends and foes alike.

“We have been motivated not by wavering
opinions of men but by our unshakeable faith in our national destiny and an unalloyed commitment to seeing that destiny fulfilled.”

Reports have it that he was arrested in March 2002 after preaching sermons critical of Nigeria’s then-president, Olusegun Obasanjo.

No matter how it is viewed, and the direction of his controversies, one thing is obvious, Bakare has stood on the side of truth, hope, and justice, and has remained consistent over the years.

The Serving Overseer has been very vocal, his trademark, over the recent hardship in the country, condemning the politicians for preaching what they cannot practice.

He said Nigerian politicians were not living lean or sacrificing like the rest of the citizens whom they asked to sacrifice for the country by enduring economic hardship.

Bakare said this while delivering the keynote address with the theme: “Cultivating a Culture of Dialogue: Nurturing Understanding in a Culturally and Socially Diverse Nation” at Wilson and Yinka Badejo Memorial Lecture 2024.

He is a strong believer in the theory that the pen is mightier than the sword. He write in an essay of same title that:

“The likes of Dr. Nnamdi Azikiwe, Kwame Nkrumah, and Chief Obafemi Awolowo, armed with no other weapon, mobilised the Queen’s language in the struggle for independence from the Queen. They fought their battles through such media as West African Pilot, Accra Evening News and The Tribune. Decades after independence, when free, fair and credible elections were annulled, and a tyrannical dictatorship held sway, the Nigerian press took up the baton and contended against the sword of oppression by deploying the armoury of vocabulary. I am so glad that the labours of these pen warriors and all others who fought for the democracy we enjoy today have not been in vain after all.”

For seven decades, Pastor Bakare has remained a voice in Nigeria politics, religion and socio-economic circle, relating with with Nigerians according to where the matter lies.

On this occasion of your 70th Birthday, we celebrate your consistency, focus and leadership acumen that has affected the people positively.

Congratulations sir!

Headline

US Polls: Tinubu, UK PM Starmer Congratulate Trump

Published

2 weeks ago

November 6, 2024

Eric

President Bola Tinubu has extended his heartfelt congratulations to President Donald Trump on his re-election as the 47th President of the United States of America.

A statement by Special Adviser to the President (Information & Strategy), Bayo Onanuga on Wednesday, said President Tinubu looks forward to strengthening the relations between Nigeria and the United States amid the complex challenges and opportunities of the contemporary world.

Donald Trump claimed victory on Wednesday and pledged to “heal” the country as results put him on the verge of beating Kamala Harris in a stunning White House comeback.

President Tinubu said: “Together, we can foster economic cooperation, promote peace, and address global challenges that affect our citizens.”

According to President Tinubu, Trump’s victory reflects the trust and confidence the American people have placed in his leadership. He congratulates them on their commitment to democracy.

President Tinubu believes that, given President Trump’s experience as the 45th president of the United States from 2017 to 2021, his return to the White House as the 47th president will usher in an era of earnest, beneficial, and reciprocal economic and development partnerships between Africa and the United States.

Acknowledging the United States’ influence, power, and position in determining the trend and course of global events, the Nigerian leader trusts that President Trump will bring the world closer to peace and prosperity.

Meanwhile, the British Prime Minister, Keir Starmer, has congratulated Donald Trump on his “historic election victory”, adding that the UK-US special relationship would “continue to prosper”.

“As the closest of allies, we stand shoulder to shoulder in defence of our shared values of freedom, democracy and enterprise. From growth and security to innovation and tech, I know that the UK-US special relationship will continue to prosper on both sides of the Atlantic for years to come,” he said.