News
Amina Mohammed: Africa, the Best Investment Proposition of 21st century
Amina Mohammed: Africa, the Best Investment Proposition of 21st century
By: Michael Mike
United Nations Deputy Secretary-General Amina Mohammed has observed that Africa is the best investment proposition of the 21st century, in view of its natural resources, arable land and massive population.
She said: “The long term structural endowments of our continent are as strong as ever, most of the world’s natural resources are in Africa and 60% of the world’s arable land and a massive population of motivated youth, Africa is the best investment propositions of the 21st century.”
She gave the verdict at the second edition of the Africa Social Impact Summit co-convened by the Sterling One Foundation and the United Nations in Nigeria, and held in Lagos.
According to a statement on Tuesday, she cautioned that investment in Africa must go beyond extracting raw material, and emphasized that “It must build the roots of a modern economy, hard and soft infrastructure alike, and this must include bold investments into Africa’s strongest asset, its people at the continental, national and local levels.”
Mohammed advocated for channeling massive, targeted investments into youth development, local employment and employability, climate smart solutions, education, health, renewable energy and improved water and sanitation facilities.
However, she cautioned that it would require the private and public sectors working together to scale the necessary financing instruments, guarantees de-risking mechanisms, to strengthen Africa’s development finance network and its institutions.
Lagos State Governor, Babajide Sanwo-Olu, stressed the need for all to come together with a renewed spirit of collaboration, innovation, and determination, to build a prosperous and sustainable Africa for all.
Sanwo-Olu, who was represented by his Deputy, Dr. Obafemi Hamzat, said that the various projections suggested that Africa would be home to over half of the world’s poorest people by 2030, and that alone underscored the urgency and importance of the summit and the work all needed to do.
“I call upon the private sector, with its scale, sustainability, and innovation, to take the lead in driving change. We must harness the strength of our multi-stakeholder partnerships and leverage enterprise-driven innovations to create impact ecosystems that foster inclusive growth and recovery.” The Governor said.
The Chief Executive Officer of Sterling One Foundation, Olajeju Ibekwe, disclosed that the second edition of the Africa Social Impact Summit was a marked improvement on the 2022 edition.
She said: “I am also humbled by the intentionality of the private sector to own the sustainable development goals and move the needle. We are grateful to the partnership of the United Nations as our co-convenor for this conference.”
Ibekwe expressed hope for several partnerships and innovations to emerge from the summit, adding that: “And we are also looking forward to existing social impact initiatives in different rural communities, accessing more resources, multilevel resources to be able to do more and spread their impact from communities to communities across the Africa.”
Earlier, the UN Resident and Humanitarian Coordinator in Nigeria, Matthias Schmale, emphasized that “You can’t do business on a dead planet. Africa’s private sector can be a catalyst for change, supercharging our trajectory towards the 2030 Agenda.”
To achieve the pace and scale of transformative change that the world needs, Schmale noted that private sector investments must not just be motivated by profit but by considerations of what would have the greatest social impact.
He urged the CEOs and investors to embed sustainability into their decision making and align their business practices with the SDGs.
The theme of the Summit held on 10 – 11 August 2023, was ‘Global Vision, Local Action: Repositioning the African Development Ecosystem For Sustainable Outcomes.’
Amina Mohammed: Africa, the Best Investment Proposition of 21st century
News
NBMA Debunks Allegations of Negligence, Compromise Against It
NBMA Debunks Allegations of Negligence, Compromise Against It
By: Michael Mike
The Director General and Chief Executive Officer (DG/CEO) of the National Biosafety Management Agency (NBMA), Dr. Yemisi Asagbra debunked some allegations level against the agency by some non governmental organisations (NGOs) concerning negligence and compromise.
Speaking during a press briefing in Abuja on Friday, Asagbra said: “The negative statements circulating are misleading and lack credible scientific backing. The agency asks these organisations to present verifiable scientific evidence for their claims and we relies on sound scientific research and internationally recognized protocols to make informed decisions. It is part of the Cartagena Protocol with over 180 parties, our mandate is to protect the health of Nigerians and the environment. It will not compromise on this as it is an agency of integrity.
She added that: “The agency is transparent and accountable in its operations. It invites review of its processes and rigorous evaluations of GMO products. We are confident in our procedures that it’s meet global standards and it is a leader in effective regulation in Africa”.
On the source of the allegations, she said “over the years they have been advocating to have their presence in the board where all these products coming will be thoroughly Investigated, but it hasn’t been given. Most times we rely on the information given by Nigeria Custom Service to furnish them with needed information, which most time is not always easy if they have other things doing.
The Head planning, research and statistics National Biosafety Management Agency Mrs. Bello Scholastica said the agency is concerned with safety to our health and safety to our environment.
She further reiterated that what NBMA stands for is to establish first regulation from identification of the gene of interest, “of what you are interested in, from then till commercialization, and even after commercialization, they still follow suit to make sure that the approvals they gave hasn’t caused any harm, or those that were given approval to that they stay put to what they were asked to do”.
She further explained that the agency has put in effort to promote environmental conservation and biosafety in Nigeria.
NBMA Debunks Allegations of Negligence, Compromise Against It
News
House of Reps Assures on Passage of Human Rights Defenders Bill
House of Reps Assures on Passage of Human Rights Defenders Bill
By: Michael Mike
The House of Representatives has revealed that it is interested in the passage of the Human Rights Defenders Bill into law, saying that the bill has already passed the first reading and will soon be subjected to second reading.
The House also promised to take the necessary steps to ensure an improvement in the 2025 budget of the NHRC, pointing out that the N5 billion approved for it in the 2024 budget is inadequate considering the myriad of human rights violations in the country.
The Chairman House Committee on Human Rights, Hon. Abiola Makinde made this disclosure during the oversight visit of Committee to the National Human Rights Commission (NHRC).
The Chairman, who was represented at the occasion by his Deputy, Hon. Mudashiru Lukeman assured the NHRC that the Committee would continue to advance the course of human rights in Nigeria by ensuring that the House of Representatives passes critical bills on human rights issues as well as makes adequate budgetary provisions to ease the work of the Commission.
Makinde also stated that in a bid to improve some aspects of Civil and Political Rights, the House of Representatives had ensured the establishment of human rights desks in all police formations and Headquarters across the 36 States of the Federation.
Earlier, the Executive Secretary of the NHRC, Dr. Tony Ojukwu who received the lawmakers with his management staff told the Human Rights Committee that the Commission relies heavily on them for the enactment of human rights friendly laws and enhanced budgetary provisions to discharge it broad mandate of promotion, protection and enforcement of human rights in the country.
He used the opportunity to commend the legislators for their role in the amendment of the NHRC Act 2010 as well as the support of the Speaker of the House of Representatives, Hon. Femi Gbajabiamila in the payment of compensation to victims of human rights violations by the Special Anti-Robbery Squad (SARS) unit of the Nigeria Police Force.
He equally informed the legislators who were on oversight visit about the recent report released by the Commission following the findings of the Special Independent Investigative Panel on Human Rights Violations in Counter-Insurgency Operations in the North East Nigeria , which he noted has saved the country from possible invitation by the International Criminal Court (ICC).
He noted that the aforementioned wide spread allegations of human rights infractions against some government institutions could result in the ICC extending invitations to some of the leaders to respond to the allegations, but the Commission has done the needful in compliance with the international principles of omplementarity.
He thanked the Committee for promising to improve the budgetary allocation of the Commission in the 2025 fiscal year.
House of Reps Assures on Passage of Human Rights Defenders Bill
News
FG Confirms Arrest of Simon Ekpa
FG Confirms Arrest of Simon Ekpa
By: Michael Mike
The arrest of Biafra agitator, Simon Ekpa in Finland has been confirmed by the federal government.
A statement on Friday by the Ministry of Foreign Affairs stated that the Nigerian-Finnish citizen and prominent leader of the proscribed Indigenous People
of Biafra (IPOB), was arrested by Finnish authorities on Thursday.
According to the statement, Ekpa was
charged with inciting terrorism and promoting violence.
The Finnish District Court of
Päijät-Häme ruled to detain him on probable cause for publicly inciting crimes with terrorist intent.
The Finnish authorities alleged that Mr. Ekpa used social media platforms to spread
separatist propaganda, incite violence and encourage illegal actions, which had caused
significant disruptions in the South-East of Nigeria. Finnish investigators had also linked
him to incidents of violence in Nigeria, which were believed to had been fueled by his
online activities.
The statement said “the arrest of Mr. Simon Njoku Ekpa follows sustained diplomatic
pressure by the Nigerian government on Finland, to take action against his activities,
which were linked to violence and instability in the South-East of Nigeria. The request
for action featured during high level engagements between countries.”
The Ministry stated that the arrest of Ekpa, is a significant development in addressing the activities of IPOB, and also neutralizing the influence of transnational actors and “their impact on our national security.”
The Ministry promised to continue to monitor the legal proceedings and provide further updates as the case progresses.
FG Confirms Arrest of Simon Ekpa
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