News Agency of Nigeria
Why we performed creditably under Tinubu’s administration – NOC

Why we performed creditably under Tinubu’s administration – NOC

By Emmanuel Afonne

The Nigeria Olympic Committee (NOC) has attributed the success recorded in the last one year to the unity of purpose between it, the Sports Ministry and the National Sports Federations.

Tony Nezianya, Public Relations Officer (PRO), NOC, told the News Agency of Nigeria (NAN) in an interview that the Habu Gumel-led had ensured the continuous existence of peace and harmony among the Olympic community in the country.

“NOC has ensured regular flow of information to the National Sports Federations, stakeholders as well as the media at home and abroad.”

Nezianya said that the near success story of Team Nigeria athletes for the 2024 Paris Olympic Games arose from the financial support from the NOC to all national federations involved in the qualifiers.

He also said that the interest of the current administration in sports necessitated the increase in medals won by the country at international competitions.

“We recorded a successful outing at the 13th African Games held in Accra, Ghana this year, where Nigeria won more medals (121 medals of 47 gold, 34 Silver and 40 bronze) than in previous Games to place overall second.

“Nigeria finished in fourth position at the Commonwealth Youth Games in Trinidad and Tobago in 2023 after Team Nigeria won eight medals which comprised of six gold and two silver medals.

“The performance was led by athletes such as Destiny Agbo, who won gold in the Women’s Discus Throw, and Samuel Ogazi, who won gold in the men’s 400m.

“Faith Okwose also set a new Games Record in the women’s 100m final, with a time of 11.26 seconds.

“Nigeria also participated in its first-ever Winter Youth Olympics in January this year after becoming the first African country to qualify, with six athletes competing in curling, and challenging European athletes.”

According to him, NOC has achieved 90 per cent success in the accreditation process of all athletes, coaches and officials preparing for the Olympics.

The public relations officer said the NOC also secured the Games Village for Athletes and Hotels for high-profile officials.

He further told NAN that the NOC had secured the official clothing and kitting company for Team Nigeria for the Olympics.

“Actively Black, a U.S.-based sports apparel company, is the official clothing and kitting company for Team Nigeria for the Paris Olympics.”

NAN reports that Actively Black is a black-owned, diaspora-owned brand that was founded in 2020 by former basketball player Lanny Smith.

The company has been growing rapidly and has already reached a valuation of 30 million dollars in 2021 and has also collaborated with Disney on “Black Panther”.

Speaking further, Nezianya listed the successful completion of the Mini Olympic Village at Amuwo Odofin with sporting facilities like basketball and handball courts, as well as football pitch soccer there, as other achievements of NOC.

“NOC secured five hectares of land to build NOC headquarters in Abuja and has also secured the building plan for the secretariat and other sporting facilities,” he said. (NAN)(www.nannews.ng)

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Edited by Chijioke Okoronkwo

Nigeria’s growth rate projected to increase to 4.4% in 2025 – AfDB

Nigeria’s growth rate projected to increase to 4.4% in 2025 – AfDB

By Lucy Ogalue

Growth rate of Nigeria and other West African countries is projected to rise from an estimated 3.6 per cent in 2023 to 4.2 and 4.4 per cent in 2024/2025.

The African Development Bank (AfDB) Vice-President and Chief Economist, Kevin Urama, said this at Thursday’s highlight of the African Economic Outlook 2024.

The News Agency of Nigeria reports that the report was inaugurated on the sidelines of the bank’s ongoing 2024 Annual Meetings in Nairobi, Kenya.

The theme of the meeting is: ”Driving Africa’s Transformation: The Reform of the Global Financial Architecture.”

“Growth is projected to pick up in West Africa, rising from an estimated 3.6 per cent in 2023 to 4.2 per cent in 2024 and consolidating at 4.4 per cent the following year.

”This is an upgrade of 0.3 percentage points for 2024 over the January Macro Economic Outlook (MEO) projections, reflecting stronger growth upgrades in the region’s large economies (Côte d’Ivoire, Ghana, Nigeria, and Senegal),” he said.

Urama said that African economies had continued to remain resilient amid multiple shocks, adding that their average growth was projected to stabilise at 4.0 per cent in 2024–25, against 3.1 per cent estimated in 2023.

He said that the average real Gross Domestic Product (GDP) growth was estimated to have slowed from 4.1 per cent in 2022 to 3.1 per cent in 2023.

He attributed the decline to various factors, including persistent high food and energy prices, which reflected the sustained impacts of Russia’s invasion of Ukraine.

He said that climate change, extreme weather events that affect agricultural productivity and power generation, and pockets of political instability and conflict in some African countries were also to blame.

According to him, the real GDP growth is projected to rise to 3.7 per cent in 2024 and 4.3 per cent in 2025, exceeding 4.1 per cent in 2022.

“This is as most of the effects of the above factors weighing on growth in 2023 fades away.

“The projected rebound in Africa’s average growth will be led by East Africa (up by 3.4 percentage points) and Southern Africa and West Africa (each rising by 0.6 percentage points).

“Critically, 40 countries will post higher growth in 2024 relative to 2023; 17 economies are projected to grow by more than five per cent in 2024 and may rise to 25 in 2025.

“This is remarkable, and Africa will retain its 2023 ranking as the second fastest growing region after Asia in 2024-25 with projected GDP growth exceeding the global average of 3.2 per cent in 2024,” he said.

According to Urama, average growth in oil-exporting countries is expected to decline from an estimated 3.7 per cent in 2023 to 3.5 per cent in 2024 but could pick up to four per cent in 2025.

“The projected slowdown in 2024 reflects lower oil production targets set by the Organisation of the Petroleum Exporting Countries (OPEC).

“Also, the lower growth projections in South Sudan following the vandalising of an oil pipeline due to the ongoing conflict and uncertainty over new mechanisms for Angola’s oil exports following its exit from OPEC.

“Meanwhile, growth in other (non-oil) resource-intensive economies on the continent is estimated to improve strongly from 0.3 per cent in 2023 to 2.7 per cent and consolidate at 3.3 per cent projected for 2024 and 2025.

”The sharp increase in growth will be driven largely by a rebound in China’s demand for metals and minerals linked to expansions in smart grids and construction,” Urama said. (NAN) (www.nannews.ng)

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Edited by Deborah Coker/Ese E. Eniola Williams

Church plays important role in transforming lives – VC

Church plays important role in transforming lives – VC

By Blessing Ibegbu

The Vice-Chancellor of Bingham University, Karu, Nasarawa State, Prof. Kuje Ayuba, said the church has important roles to play in the development and transformation of lives.

Ayuba said this at a public lecture with the theme “Empowering The Church for Greater Societal Impact”.

The Vice-Chancellor said that there was no better time to discuss the topic than now.

“The church is expected to play an important role in the transformation of social, political, economic lives of the citizens.

“It is also expected to put society in a holistic growth and development oriented direction,” he said.

Ayuba, while referring to the church as not just the building, but individuals, said he believed that the solution to the national and global crisis was in the church.

The guest speaker, Prof. John Kennedy Opara, while delivering a lecture, said the church held immense potential for catalysing positive change and fostering societal impact.

Opara, the Chief Executive Officer (CEO) of CSS Group, one of the largest farms in Karu, said the church plays a multifaceted and pivotal role in the society.

According to him, the church as individuals (citizens), helps in encompassing spiritual, social and humanitarian dimensions of citizens.

“The church is vital for community engagement and support in contemporary society.

“One of its fundamental roles is to promote social cohesion and unity.

“The present church must be equipped so as to give life a meaning,” Opara said.

He said that understanding societal challenges comes in different approaches.

According to him, they include; identifying key societal issues, analysing root causes, engage stakeholders and partnerships among others.

He admonished the church to build up men and women of compassion, generosity that would work with dignity.

“The church must encourage its members to engage in productive work that contribute to personal well being and the common good of the society.

“The church should engage in continuous training of members through job entrepreneurship, and job skill training for empowerment of their future.

“It must also introduce microfinance and small business support which in time, people will stand on their own rather than depending on their certificate for job,” Opara added.

Opara said that the church could offer technical assistance to people to help them stand on their feet.

“When you keep mentoring people and some of them get into what you are doing, the story will be a different thing entirely,” Opara said.

Making reference to Israel with strong economy, due to investment on food sustainability, Opara said Nigeria equally needed strong economy by empowering individuals to do same.

“vision is superior to strength and when God put something in our hand, He expect us to use it, as such, the church must never relent in training.

He advised the church to always pray and engage in the word of God.

A staff of the university, Mrs Helen Solomon, who spoke with NAN said the lecture was inspiring.

Solomon appreciated the VC for bringing such an idea, saying that she has been impacted by the lecture.

She said she has already started considering getting into farming rather than waiting and depending on salary always.

Miss Anna Ari, a Law student of the institution said she now understood that vision was a big force that drives an individual.

Ari said that the lecture also taught her that praying for God’s guidance was needed in the pursuit and execution of ones vision. (NAN)(www.nannews.ng)

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Edited by Dorcas Jonah/Joseph Edeh

Website hosting coy advocates data protection, cybersecurity

Website hosting coy advocates data protection, cybersecurity

By Ijeoma Olorunfemi

A website hosting company, TFHost, has called for protection of data and cybersecurity to ensure safety online.

Head of Sales, TFhost, Mr Victor Matthias, made the call on Thursday in an interview with the News Agency of Nigeria (NAN) in Abuja.

Matthias cautioned Nigerians that while using the internet, there was need to ensure cybersecurity, which attacks were inevitable but could be avoided.

He said there was need to engage the internet wisely, while having a personal internet experience and data protection.

Matthias said that social media platforms had great impact on digital marketing, created visibility for online businesses, but had its limitations.

According to him, most social media platforms accessible to Nigerians are internet spaces owned by other individuals who they cannot guarantee the safety of their data.

“Nigeria is an evolving country in terms of internet penetration, especially with hand-held devices, people are coming into social media and then to websites and blogs.

“If you want to do online business, engage in online activities to an extent, you need a blog or a website for people to take you seriously.

“You can’t do business and leave it on social media, social media is essentially not your space, it is somebody’s space, the person is just giving you access,’’ he said.

The TFHost official said that while hosting the website of its clients, the company kept evolving to meet global best practices on data protection.

He said the company was accredited by Nigeria Internet Registration Association (NIRA).

“TFhost mandate is to register different types of domain names for individuals, Small Medium Enterprises, Corporations, Ministries, Departments and Agencies, others.”

He added that its services included email hosting, shared hosting, cloud hosting, virtual private server hosting, dedicated hosting, wordpress and reseller hosting.

According to him, the reseller hosting will give opportunity to refer others for people to earn money.

Matthias said that TFhost was committed to reducing carbon footprint through sustainable data centres and renewable energy sources.

“We support digital literacy programmes and online education initiatives plus partnerships to ensure better ICT penetration for Nigeria and Africa in general.

Mr Joshua Itebu, Technical Head of the company, said that any individual found active online was susceptible to attacks.

“If you put out anything online, you need to have an open mind of being prone to attack, whereas emails and websites are also usually prone to attacks.

“For emails, people need to do a regular change of password, avoid using common passwords that can be easily guessed and change it within three to six months.

“For the website, always install XXL certificate on your website. This can keep your files and data encrypted and engage in constant maintenance of the website,’’ he said. (NAN)(www.nannews.ng)

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Edited by Deji Abdulwahab

African leaders highlight investment opportunities to broaden BRICS alliance

African leaders highlight investment opportunities to broaden BRICS alliance

By Lucy Ogalue

Some African leaders say the continent will benefit from increasing its alliance with Brazil, Russia, India, China, and South Africa (BRICS) group because of the many investment opportunities.

They spoke during a BRICS Business Breakfast in Nairobi, Kenya, on the sidelines of the ongoing African Development Bank (AfDB) Group Meetings.

The News Agency of Nigeria (NAN) reports that the South African Chapter of the BRICS Business Council and Brand South Africa hosted the event.

It brought together key leaders and policymakers to discuss trade and investment opportunities for Africa, focusing on the role of the BRICS nations and their potential partnerships with African countries.

BRICS, a grouping of Brazil, Russia, India, China, and South Africa, has recently expanded its membership to include new African members Egypt and Ethiopia, as well as Iran and Argentina, among others.

The expansion, called BRICS Plus, strengthens the ties between BRICS and Africa.

Prof. Vincent Nmehielle, AfDB’s Secretary-General, said, “The BRICS Alliance, together with the new member additions, provides immense trade and investment opportunities for the African continent.

“These countries are emerging economies with a growing middle class and a substantial consumer market; expanding into these markets will lead to growth opportunities for the continent,” Nmehielle said.

Nmehielle reiterated the importance of addressing trade barriers and deficits, saying that tackling barriers such as bilateral investment agreements can improve exports and import performance.

He also highlighted the need for knowledge exchange and the transformation of education and skills development, particularly given the growing influence of artificial intelligence (AI).

The secretary-general said the continent’s significant infrastructure and investment deficit was estimated at between 70 to 100 billion dollars annually, and there was a strategic role that BRICS Plus could play in addressing this gap.

He emphasised the importance of collaboration between the New Development Bank, the AfDB, and the UN in jointly identifying, preparing, and co-financing projects in countries of mutual interest.

On energy transition, Nmehielle underscored the need for African countries to partner with BRICS Plus to achieve a just and equitable transition.

“Africa’s South Africa’s chairing of BRICS in 2023, under the theme ‘BRICS in Africa: Partnerships for Mutually Accelerated Growth, Sustainable Development and Inclusive Multilateralism,’ highlighted this crucial aspect,” he said.

For her part, Busi Mabuza, Chairperson of the South African Chapter of the BRICS Business Council, highlighted the platform BRICS Plus provides to explore and capitalise on available opportunities.

“The BRICS Plus countries are, as you know, leading emerging economies with a growing middle class and a substantial consumer market.

“So for us, this business expanding into these markets can lead to growth opportunities for our continent,” Mabuza said.

Similarly, Mpumi Mabuza, acting Chief Marketing Officer (CMO) of Brand South Africa, said the country’s growing green economy accounted for 75 per cent of foreign direct investment (FDI) into the Southern African region.

Mabuza said this was with 157 investment projects and a total capital investment of 27 billion dollars, creating 15,000 jobs.

She also outlined South Africa’s Country Investment Strategy (CIS), which identified five frontiers of strategic investment opportunities.

“These include green hydrogen, next-generation digital services, special economic zones, industrial cannabis, and hyper-scaling environmental, social, and governance (ESG) impact investments,” Mabuza said.

NAN reports that the business breakfast featured presentations and panel discussions exploring current trade patterns, strategies for leveraging the African Continental Free Trade Area (AfCFTA), and the challenges and opportunities of attracting private capital.

The event served as a platform for fostering dialogue and exploring avenues for enhanced cooperation between BRICS nations and African countries.

As the business breakfast concluded, participants expressed optimism about the potential for BRICS partnerships to drive transformative investments in key sectors like infrastructure, energy, and connectivity, ultimately contributing to a more prosperous and integrated Africa.

The AfDB’s 2024 Annual Meetings will end on Saturday in Nairobi. (NAN)(www.nannews.ng)

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Edited by Sadiya Hamza

Stakeholders tasks African Govts on daily school meals for children

Stakeholders tasks African Govts on daily school meals for children

By Lucy Ogalue

Stakeholders have urged Heads of State and Government in Africa to scale up the provision of free school meals in spite of the economic challenges.

They spoke on a sideline event at the ongoing African Development Bank’s (AfDB) Annual Meetings in Nairobi.

The theme is “Creating Fiscal Space for School Meals: Towards Agenda 2063, SDGs and Human Capital Development”.

The News Agency of Nigeria (NAN) reports that the Rockefeller Foundation organised the event in collaboration with the Global Partnership for Education (GPE) and the World Food Programme,

It focused on how countries could scale up the provision of free school meals to help meet the sustainable development goals and aspirations of the African Union’s Agenda 2063.

The agenda for 2063 is termed the “Africa We Want.”

The AfDB President, Dr Akinwunmi Adesina, said there was a link between hunger and the development of grey matter.

Adesina, represented by his Director of Agriculture and Agro-Industry, Dr Martin Fregene, said freedom from hunger was a human right.

He said that when children had good meals, they would go back to school again and again, and food production created demand for farmers and secured markets for products, assisting economic growth.

According to Adesina, the universal primary education across Africa (SDG 2) initiative, which is strongly supported by the Bank Group, has made significant progress.

He said that for it to be realised, it had to be accompanied by planet-friendly, homegrown school meal programmes.

Adesina acknowledged that many African governments were grappling with the adverse economic impacts of the COVID-19 pandemic, rising food inflation, and losses and damages associated with climate change-induced natural disasters, among other things.

The AfDB president said the Bank had supported healthy meals initiatives with some 100 million dollars so far.

Former Tanzanian President Jakaya Kikwete, current chair of the Global Partnership for Education (GPE), said “No child today should go to school hungry.”

Therefore, he called for new and innovative ways to finance school meals to ensure that they are free for schoolchildren.

Given current economic circumstances, Kikwete called for an acceleration in the drive to achieve the SDGs through creative thinking and not falling further behind.

He reiterated that this was because school children were the guardians of Africa’s future and critical in achieving the “Africa We Want”.

Kikwete praised the recent debt swap for education deals with partners, highlighting a recently concluded agreement between France and Ivory Coast.

He said the multiplier effect every dollar spent on education, including the free meals initiative, had on overall Gross Domestic Product (GDP) performances.

The stakeholders highlighted that many countries on the continent were contending with constrained fiscal space exacerbated by rising debt service costs, creating a silent debt crisis.

They said high debt service payments squeezed out spending on critical interventions that could accelerate Agenda 2063 and SDG implementation.

The stakeholders then said that free meals helped children’s cognitive capacities, increased attendance levels, improved health and nutrition and general well-being. (NAN)(www.nannews.ng)

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Edited by Sadiya Hamza

NNPC Ltd., ExxonMobil sign agreement on .28bn asset divestment deal

NNPC Ltd., ExxonMobil sign agreement on $1.28bn asset divestment deal

By Emmanuella Anokam

The Nigerian National Petroleum Company Limited (NNPC Ltd.) on Thursday announced the signing of a settlement agreement facilitating the divestment of ExxonMobil’s stake in Mobil Producing Nigeria Unlimited (MPNU) to Seplat Energy Plc.

This is coming two years after the divestment plan was announced.

The NNPC Ltd., in a statement said the agreement involved MPNU, Mobil Development Nigeria Inc., and Mobil Exploration Nigeria Inc.

“Settlement agreement between NNPC Ltd. and MPNU, Mobil Development Nigeria Inc., and Mobil Exploration Nigeria Inc. signed regarding the proposed divestment of a 100 per cent interest in MPNU to Seplat Energy Offshore Limited,” the NNPC stated.

This development comes after a directive from President Bola Tinubu to the Ministry of State for Petroleum Resources (Oil) and NNPC Ltd. on May 28, to resolve the divestment issue that stalled the Seplat and ExxonMobil deal over two years.

Tinubu had assured the ExxonMobil delegation that the Federal Government was committed to resolving the divestment issues between NNPC Ltd. and Seplat Energy.

Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri said the President had given a clear directive to him and the NNPC Ltd. Group Chief Executive Officer, Malam Mele Kyari to resolve the issue of divestment, which they were doing their best to achieve.

Lokpobiri earlier revealed that Nigeria lost 34 billion dollars in the last two and a half years due to the fall in production from the assets being divested by ExxonMobil to Seplat Energy.

He said the assets declined from 600,000 barrels per day (bpd) to current 120,000bpd, leaving a shortfall of 480,000bpd.

This, he said, amounted to 34 billion dollars loss at a conservative 80 dollars per barrels, in the last two and a half years.

In February 2022, Seplat announced an agreement to acquire ExxonMobil’s 40 per cent stake in MPNU, expecting the transaction to be completed in the second half of the year.

However, on May 19, 2022, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) declined to approve Seplat’s proposed acquisition, citing “overriding national interest.”

Two months later, Seplat reported that NNPC Ltd. had secured a court injunction preventing ExxonMobil from selling its assets in Nigeria.

This opposition led former President Muhammadu Buhari, to reverse his initial authorisation for the acquisition on August 10, 2022, shortly after granting approval.

Amid the delay in securing approval, Seplat extended the Share Sale and Purchase Agreement (SSPA) with ExxonMobil for the acquisition of its stake in MPNU in May 2023.

On May 17, Seplat indicated progress in acquiring MPNU assets, and a week later, the company extended the SSPA again.

With the recent signing of the settlement agreement, Nigeria could add at least 700,000bpd to its current daily crude oil production volume, to hit about two million bpd before the end of the year. (NAN)(www.nannews.ng)

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Edited by Rabiu Sani-Ali

FG receives 29 stranded Nigerians from Sudan

FG receives 29 stranded Nigerians from Sudan

By Jacinta Nwachukwu

The Federal Government and the International Organisation for Migration (IOM) have facilitated the safe return of 29 out of 120 Nigerians stranded in Sudan.

The Federal Commissioner, National Commission for Refugees, Migrants and Internally Displaced Persons (NCFRMI), Alhaji Tijani Ahmed, stated this at the reception of the returnees on Thursday in Abuja.

Ahmed explained that the voluntary return of the 29 Nigerian emigrants comprising of 18 females including five minors and five adult males with two minors, became necessary due to the crisis in Sudan.

He also said that about nine voluntary returnees would be airlifted from Sudan in the next one week.

“We are here at the Nnamdi Azikiwe International Airport to receive the returnees from Sudan. We want to ensure that our people returned safely and in dignity.

“The National Commission for Refugees Migrants and Internally Displaced Persons in collaboration with the IOM is doing everything possible to ensure that this 120 were returned to the country,” he said.

Ahmed said the Commission was also making arrangement to ensure the safe return of about 17 Nigerians in Algeria, eight in Tunisia and some other ones in other countries in the next few weeks.

He added that the Commission with IOM had facilitated the return of about 1, 950 Nigerians between January and May.

“Also in 2003, the Commission and partners returned over 7,000 Nigerians from various countries back to the country,” Ahmed added. .

He, therefore, appreciated IOM and other partners for their supports, both financially and morally towards ensuring that Nigerians, who live far away in many countries were returned safely and in dignity.

The News Agency of Nigeria (NAN) reports that the returnees were profiled and given some kits including refreshments. (NAN)(www.nanews.ng)

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Edited by Rotimi Ijikanmi

Appoint southeast personnel to head FRSC, NCSCN urges Tinubu

Appoint southeast personnel to head FRSC, NCSCN urges Tinubu

By Perpetua Onuegbu

The National Civil Society Council of Nigeria (NCSCN) has called on President Bola Tinubu to appoint qualified officials from Southeast to head the Federal Road Safety Corps (FRSC).

Dr Raymond Edoh, the Council’s Executive Director, said this on Wednesday in Abuja, at a news conference on the state of the nation and the federal character principle.

According to him, appointing an official from the southeast to head FRSC will be in compliance with the Federal Character principle.

“Recall that the Federal Character Principle in Nigeria was borne out of the need to ensure evenness in spreading government appointments to promote inclusion, representation, a sense of belonging and balance in the polity.

“The underlying philosophy is providing equality of access in public service representation to curb dominance by one or a few sections.

“The Principle was first introduced into the Constitution in 1979 for public offices and federal institutions to reflect Nigeria’s diversities.

“The Federal Character Commission (FCC) was subsequently established by Act No 34 of 1996 as a Federal Executive body to implement and enforce the Federal Character Principle of fairness and equity’’, he said.

He said the Commission had achieved remarkable feats in the nation’s civil service in terms of employment.

However, he said, the same could not be said of appointments of heads of security agencies and para-military establishments over the decades,” Edoh said.

According to him, verifiable records show that the configuration of the nation’s security and para-military architectures do not properly reflect and represent the Federal Character Principle.

He listed the heads of para-military agencies; Nigerian Police Force – IGP Kayode Egbetokun , Nigeria Security and Civil Defense Corps – Dr Ahmed Audi, Department of State Service -Mr Yusuf Magaji Bichi.

Others are Nigeria Customs Service,Bashir Adewale Adeniyi, Nigeria Immigration Service, Kemi Nandap, Nigeria Correctional Service, Haliru Nababa and Nigeria Drug Law Enforcement Agency,Mohammed Buba Marwa.

Also, Economic & Financial Crime Commission ,Mr Ola Olukayode, Independent & Corrupt Practices Commission ,Dr. Musa Adamu Aliyu and National Food & Drugs Administration & Control , Prof Moji Adeyeye.

He said the list showed that that no personnel or official from the southeast was heading any of the agencies listed.

“With the retirement of Corps Marshal of the Federal Road Safety Corps last week, general expectations and healthy assumptions were that the next Corps Marshal FRSC would be considered from the Southeast Zone.

“Furthermore, our diligent findings shows that within the nine dispensation and 36 years of the enactment into law and formal appointments of the successive Corp Marshals, below is the official records;

“Dr Olu Agunloye. 1988 -1994. Maj. Gen Haldu Anthony Hananiya (rtd) 1994 – 1999, Danyaro Ali Yakasai. 1999 – 2000, Mr Abba Wakilbe, 2000 – 2003, Maj. Gen Haldu Anthony Hananiya (rtd) 2003 – 2007.

“Others include Osita Chidoka, 2007 – 2014, Mr Boboye Oyeyemi 2014 – 2022, Ali Biu 2022 – 2024, and Mr Shehu Mohammed (now reported to be confirmed and decorated),” the executive director said.

Edoh therefore appealed to President Tinubu to encourage national unity and integration by taking advantage of the retirement of Mr Dauda Biu as Corps Marshal of the FRSC to remedy the situation.

Earlier, the Director, South West, NCSCN, Mr Yemi Success, said every zone was equal in the country.

“Facts speak for itself, but there is a possibility that the leadership has not taken cognisance of the details and as the watchdog of society we have placed it before them.

“We will follow it up with advocacy; we note that President Tinubu has been one of the advocates of good governance and equitable distribution of power in Nigeria before his ascension to power.

“We believe this may be oversight that might happen as a mistake, now that we have placed the facts and figures before him we are sure that he will do the needful.’’ Success said.

Similarly, Mr Haruna Gambo, the Director Media, NCSCN, said the only way the country could promote unity was by being just in the distribution of federal appointments and political offices.

Gambo therefore, called on the government to unite the country by making sure that any region in Nigeria that was deprived of appointments was compensated. (NAN)(www.nannews.ng)

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Edited by Gregg Mmaduakolam/Uche Anunne

African leaders advocate financial architecture to tackle climate, public finance

African leaders advocate financial architecture to tackle climate, public finance

By Lucy Ogalue

African Leaders have advocated for a reform of the financial architecture that integrates climate change and public finance to liberate Africa.

They spoke on Wednesday at the official opening of the ongoing 2024 African Development Bank (AfDB) Group meetings in Nairobi, Kenya.

The News Agency of Nigeria (NAN) reports that the leaders included presidents of Rwanda, Kenya, Congo DR, Zimbabwe, Somalia, Burundi, Namibia, Niger, Gabon, Guinea Bissau, Mozambique and Libya.

Declaring the event open, the President of Kenya, Dr William Ruto, said climate change had often resulted in substantial reallocation of resources towards mitigation, adaptation and resilience.

“This is why Africa advocates a financial architecture that integrates the issues of climate change and public finance.

“Climate change and sovereign debt are now firmly interconnected, trapping governments in a vicious cycle where increasing losses and damage from climate impacts lead to rising costs of mobilising resources for public investments.

“With such higher financing costs and constrained government budgets, developing countries continue to struggle to invest in low-carbon and climate-resilient development,” he said.

Therefore, ”climate action and our sustainable development goals are at risk. A better, more responsive and fairer international development financial architecture is urgently needed and time is of essence,” he said.

According to Ruto, the financial architecture we advocate for Africa today should integrate the continent’s most challenging development issues, such as debt sustainability and climate vulnerabilities.

He said this was to enable the achievement of the Sustainable Development Goals (SDGs) and Agenda 2063 commitments.

Ruto commended AfDB’s vision for Africa, which is underpinned by the “High 5s” strategies and the objectives of the newly adopted 2024-2033 10-Year Strategy. These provide important foundations for these critical continental objectives.

“We have been clear and consistent in our advocacy. Africa is neither seeking handouts nor asking for charity.

“We are a continent of sovereign people who aspire to grow in a just multilateral system and access development financing on fair terms.

“We were clear at the African Climate Summit 2023 when we called for reforms of international financial institutions and a range of new global taxes to fund climate action.

“We also agreed to support the creation of markets that can mobilise resources at scale and called for the reform of the international financial architecture.”

The president reiterated the importance of transforming the financial architecture for Africa to turn its immense potential into opportunities, overcome multiple challenges, and develop inclusively and sustainably.

Ruto called on donors and development partners to scale up their investments in the AfDB Group, to strengthen the institution’s capacity to offer more support to countries on the continent.

The Kenyan president also called on AfDB to work towards ensuring an African Credit Rating Agency that would factually rate African countries and assess their risks.

According to him, the right financing architecture in Africa must offer long-term financing of about 40 years, low interest rates, concessional financing, and possibly grants.

“We also need financing upscale that is agile and flexible, climate responsive when there are shocks. Finally, it must be sensitive, moving from potential to investment.

His Rwandan counterpart, Paul Kagame, said that the international financial architecture was framed in line with the interests of the architect.

According to Kagame, Africa must also protect its interests and ensure that they are addressed with one voice and louder.

“The reform is how do we disrupt the current framework? It must be based on our interests. How can anyone interested in the interests of the world sideline our continent?

“Soon, Africa will be the only continent with a growing middle class. So, it is in the world’s interest to see Africa’s interest.

“If Africa grows, the whole world will grow. But Africans cannot wait on the borderline for handouts; we need to be more proactive in this cause,” Kagame said.

Also speaking, President of AfDB, Dr Akinwumi Adesina, restated that the system plays a great role in mobilising resources for development.

“But the current architecture is not delivering enough for Africa in multiple areas.

“This includes climate financing that avails only 30 billion dollars out of the 277 billion dollars needed yearly to cushion the devastating effects of drought and flooding in several countries.

“Also, the global financial system is not delivering the financial scale of 1.3 trillion dollars needed for accelerated development to meet the Sustainable Development Goals (SDGs) by 2030.

“No wonder there are economic divergencies between Africa, developed and even emerging market economies,” he said.

According to Adesina, the financing facilities for the global continent have not been fair and equitable.

He said that the global financial system was also failing to deal with the debt burdens of African countries, thus requiring a more timely, comprehensive debt treatment.

“The global taxation rules need to be modified to serve developing countries.

”Cooperation across jurisdiction tax rules is needed to avoid Africa losing taxes to multilateral corporations that do illicit capital flows.

“Therefore, we must ensure the whole issue of profits, tax avoidance and profit base shifting are addressed; thus, if you do business in Africa, you should pay taxes in Africa,” Adesina said. (NAN)(www.nannews.ng)

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Edited by Joseph Edeh

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