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Amina Mohammed: Africa, the Best Investment Proposition of 21st century

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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

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ECOWAS Court Leadership Visits ECOWAS Commission Auditor General for Collaboration

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ECOWAS Court Leadership Visits ECOWAS Commission Auditor General for Collaboration

By: Michael Mike

The President of the ECOWAS Court of Justice, the Honourable Justice Ricardo Claúdio Monteiro Gonçalves, accompanied by the Honourable Justice Sengu Mohamed Koroma, Vice-President of the Court, paid a courtesy visit to the Office of the ECOWAS Auditor General on 16 October 2024.

This meeting marks the beginning of a strengthened collaboration between the two institutions, in a spirit of transparency and good governance within the Community. 
In his address, João Alage Mamadu Fadia, Auditor General of ECOWAS Institutions, hailed the visit as a highly symbolic gesture, reflecting the willingness of the Court’s new management to work closely with his Office.

He recalled the scope of the ECOWAS mission, by stating that: ‘Serving a community of 15 Member States and more than 400 million citizens is an immense responsibility’. He also emphasized that the audit function is not limited to a control role, but also includes accompanying and advising institutions, in order to help them adhere to best governance practices. 

‘Our role is not to police, but to ensure that administrative and financial operations comply with established standards,’ he said.

He added that collaboration with the Court of Justice was crucial to enhancing transparency in the management of public affairs. 

In response, the Honourable Justice Ricardo Gonçalves expressed his commitment to working closely with the Office of the Auditor General throughout its mandate. ‘We recognise the important role of audit in improving our internal processes. We are here to express our willingness to follow your recommendations and to benefit from your advice in order to ensure sound and transparent management of the Court’, he said.

The President of the Court, who was also accompanied by the Chief Registrar, Dr. Yaouza Ouro-Sama, stressed that the management of the Court’s judicial and administrative affairs required meticulous rigour. He added that cooperation with the Office of the Auditor General would be a key factor in the Court’s success in meeting the highest standards of governance and accountability.

The Auditor General, surrounded by several members of his team, including the Director of Operational Audit and the Director of Performance Audit, reiterated his commitment to supporting the Court throughout his mandate, affirming that his Office will always be available to provide technical and advisory support.

ECOWAS Court Leadership Visits ECOWAS Commission Auditor General for Collaboration

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Yobe Gov’t Constitutes Ten-Man Committee On New National Minimum Wage

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Yobe Gov’t Constitutes Ten-Man Committee On New National Minimum Wage
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By: Sule Mamudo
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The Yobe State, Governor His Excellency Hon. Mai Mala Buni CON has approved the constitution of an ten-man committee on the new National Minimum wage recently approved by the federal government.

The ten-man Committee to be the chaired by the Secretary to the State Government has the state Head of the Civil Service as Co- Chair while the remaining will serve as members.

The members of the committee includes the Hon. Commissioner of Finance, Alh. Mohammed Abatcha Geidam, Budget and Economic planning Alh. Garba Gagiyo, Local Govt and Chieftaincy Affairs, Alhaji Ibrahim Adamu Jajere FCNA, and the State Accountant General.
Others are Chairman Nigeria Labour Congress (NLC), Comrade Mukhtar Musa Tarabutu and TUC Bulama Musa while the Perm Sec Establishment Shuaibu Ibrahim Amshi and that of Public Service Office of the Head of Service Alh Dr. Bukar Kilo mni will serve as secretary and co-secretary respectively.

The ten man Committee will among other terms of reference workout modalities on the successful implementation of the new national minimum wage in the state.

The Committee will also determine the financial implication of the implementation of the new minimum wage at the State and Local Government in addition to make recommendations for Government consideration.

Yobe Gov’t Constitutes Ten-Man Committee On New National Minimum Wage

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UN Women Poaches Christian Religious Leaders to Combat Violence Against Women, Girl

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UN Women Poaches Christian Religious Leaders to Combat Violence Against Women, Girls

By: Michael Mike

UN Women and the Organisation of African Instituted Churches (OIAC) have called for Christian leaders to escalate action to curb violence against women and girls.

This appeal came during a two-day UN Women and Ford Foundation-supported workshop for members of the OAIC.

OAIC is a community of leaders of different churches. The workshop aimed to enhance the knowledge of Christian leaders of the nuances of gender-based violence, initiate collective action against gender-based violence through the various church mechanisms, and provide the opportunity for Christian leaders and churches to network and consolidate on the fight against gender-based violence.

According to the World Health Organisation (WHO), one in three women worldwide has experienced physical and/or sexual violence in their lifetime. The United Nations Population Fund (UNFPA) reports that an estimated 137 women are killed daily by a partner or family member globally, highlighting the severe consequences of GBV.

In Nigeria, GBV remains a significant challenge, manifesting in various forms, such as domestic violence, sexual assault, and harmful traditional practices. These issues are often perpetuated by cultural norms and religious misinterpretations that justify violence and discrimination against women and girls.

Religious leaders, as moral guides and influencers within their communities, play a critical role in either reinforcing these harmful norms or championing efforts to eradicate GBV, this informed the reason behind organizing the workshop to lobby them.

According to a statement by UN Women on Thursday, the workshop is intended to impact sermons delivered by clergies and Christian leaders so that messages delivered over the pulpit have interpretations of religious texts and tenets that address gender inequality, condemn gender-based violence and harmful traditional practices, and promote gender justice.

UN Women Programmes Officer Ibrahim Nurudeen facilitated sessions that demystified some harmful social norms and beliefs common in the religious cycle. Participants affirmed that some tenets need to be appropriately communicated in the contemporary context.

According to the President of the Christian Association of Nigeria, Rev. Daniel Okoh, “We must use this opportunity to deal with deprivation of opportunities for the female members to exercise their God-given talents by their spouses and the leadership of their churches. We must first deal with these issues connected to GBV before we can effectively give moral leadership in this advocacy and, indeed, the battle”.

The workshop provided an in-depth analysis of GBV’ssocio-economic impact, its implications, and the critical role of religious leaders in combating this issue.Participants were equipped with strategies to incorporate gender equality principles in their messages, marriage counselling, and promoting healthy and respectful relationships.

President, OIAC Nigeria, Israel Akinadewo said: “Conclusively, as a noble organisation as ours, I would appeal that after these sessions, we become champions of spiritual battalions combating any form of GBV.”

The statement said by empowering religious leaders with the knowledge and tools they need, UN Women aims to drive a transformative socio-cultural shift towards a more just, equitable, and violence-free society in Nigeria and across West Africa.

UN Women Poaches Christian Religious Leaders to Combat Violence Against Women, Girls

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