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China Advises Nigeria on Poverty Reduction

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China Advises Nigeria on Poverty Reduction

China Advises Nigeria on Poverty Reduction

The Ambassador of the People’s Republic of China to Nigeria, Cui Jianchun has advised the Nigerian government on how to reduce poverty in the country.

He said Nigeria can reduce poverty ravaging the nation by investing in human capital development and increased investment in the critical sectors of the economy.

The envoy said this in Abuja on Tuesday in his remarks at the closing ceremony  of the Nigeria-China Cultural week and award ceremony.

He said his country is ready to help Nigeria reduce the level of poverty in the country, adding that China eradicate extreme poverty in February 2021 through good leadership dedicated to sustained policies that revamped the Chinese economic  from its backward state  to a modern economy with a GDP of $15.7 trillion in a period between 1952 and 2020.

Also Read: Police arrests 42 members of IMN in Abuja, As Stray bullet…

Speaking at the occasion to mark China’s celebration of its 72 independence anniversary and Nigeria’s 61, the envoy said the successes in economic growth, innovation, poverty eradication, the Belt and Road Initiative were predicated on mobilizing the people behind a collective will to work together and achieve a goal.

Jianchun noted that as part of the robust 50-year-old bilateral relations with Nigeria, China can assist in replicating its successes in Nigeria by sending young Nigerians to China to understudy the system, get the experience and impact on the Nigerian system.

He said: “I would like to share with you that we can do this together because poverty elimination, reduction or eradication really needs leadership and that has been shown that the Chinese President had the strong will.

“How can we achieve this difficult target? We can see that a lot of project policies are in place.

“The most important aspect is that we mobilize the whole society to work together to eradicate poverty from rural areas.”

He added that: “I think there is a need for the two countries to work on this poverty eradication. I think this is a very meaningful thing not only for Nigerian people but also for the international community.”

The Ambassador said the photography and video contest, put together by the Embassy, is also to create a platform to celebrate the excellent cultural relations between both countries.

In his remarks, Director-General, National Council for Arts and Culture (NCAC),  Otunba Segun Runsewe,  commended Jianchun for his efforts in strengthening the Nigeria-China ties with so many strategies and commitments.

He noted that  Nigeria has a lot to learn from China, adding that Nigeria will build a Cultural village during the 2022 Olympics in Beijing to celebrate  and strengthen the cultural ties.

China Advises Nigeria on Poverty Reduction

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Crime

Six terrorists killed as army troops raid terrorists enclaves

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Six terrorists killed as army troops raid terrorists enclaves

By: Zagazola Makama

Troops of the Operation Hadin Kai of the Nigerian Army have killed six fighters of the Islamic State of West African Province (ISWAP) during a raid of a “notorious enclave” in Goniri in Damboa LGA in Borno.

It was gathered that the feat was recorded when the troops of 81 Division Task Force Battalion stormed the terrorists enclave in collaboration with Civilian Joint Task Force on May 9, 2024.

Intelligence sources told Zagazola Makama that the The troops successfully cleared Wulma Mashi and Kodow and destroyed structures of the terrorists. The troops went further to clear Goniri and Kokotuma. Contact was made with the terrorists in a small market before Gorere market.

The troops gundown the six terrorists and destroyed all the structures in the area.

Six terrorists killed as army troops raid terrorists enclaves

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FG Declares Wednesday Holiday to Mark Worker’s Day

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FG Declares Wednesday Holiday to Mark Worker’s Day

By: Michael Mike

The Federal Government has declared Wednesday, 1st May, 2024 as a Public Holiday to commemorate this year’s Workers’ Day Celebration.

The Minister of Interior, Hon. Olubunmi Tunji-Ojo, who made the declaration on behalf of the Federal Government, reiterated the need for excellence, efficiency and equity in all spheres of labour, re-affirming President Bola Tinubu’s administration’s commitment to fostering a culture of innovation, productivity, and inclusivity in the workplace.

Tunji-Ojo, in a statement signed by the Permanent Secretary in the Ministry of Interior, Dr. Aishetu Gogo Ndayako, said: “In alignment with this year’s theme, which focuses on ensuring safety and health at work in a changing climate, I wish to state that the Federal Government remains steadfast in its resolve to prioritise the safety and well-being of all citizens. Let me reaffirm Mr. President’s commitment to providing a conducive environment for work, where every worker can thrive and contribute meaningfully to national development”.

The Minister, while acknowledging the contribution of workers, called for proactive measures to mitigate adverse effects of climate change through synergy in in the implementation of sustainable practices and policies that promote well-being in the workplace and in building a nation guided by the principles of integrity, diligence and compassion.

Tunji-Ojo also urged Nigerians to remain committed to the present administration’s Renewed Hope Agenda as he wishes workers a happy celebration.

FG Declares Wednesday Holiday to Mark Worker’s Day

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Our Youths Will Transition Nigeria Into Digital Economy Powerhouse – President Tinubu

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Our Youths Will Transition Nigeria Into Digital Economy Powerhouse – President Tinubu

  • As African countries commit to greater financing, digital access at IDA21 Summit:
  • Resolve to mobilise domestic resources for Africa’s economic transformation

By: Our Reporter

President Bola Ahmed Tinubu declared on Monday that Nigeria is set to harness the potential of its youthful population to transform into a global digital economy powerhouse.

He also hinted at the nation’s plans to become a global hub for outsourcing talent within the digital and creative economy.

This was the submission made by President Tinubu who was represented by Vice President Kashim Shettima at the meeting of African Heads of State and Government on the 21st Replenishment of the International Development Association (IDA21) in Nairobi.

This is just as African Heads of State and Government committed countries on the continent to strengthen implementation capacities, mobilising domestic resources, and partnering effectively with IDA to accelerate the continent’s economic transformation.

President Tinubu also reiterated Nigeria’s plans to build a vast digital market capable of absorbing cutting-edge innovations and technologies, positioning the country as a hub for outsourcing talent in the digital and creative economy spheres.

“Being a young country with a median age of about 18, our interventions in the digital economy have been so extensive that we are no longer boasting of having the most unicorns, but preparing to serve as a global hub for outsourcing talents,” the President stated in his submission titled “The Path to Recovery: Nigeria’s Journey Beyond Sabotage”, which was delivered to the Summit by VP Shettima

President Tinubu informed other African leaders of the sweeping reforms implemented by his administration to curb illicit activities and currency manipulation that had long hindered the nation’s progress.

“Since assuming office, President Tinubu has remained steadfast in fulfilling his promise to end the reign of economic saboteurs who have long exploited and hindered the progress of our nation. I am pleased to report that our economy has escaped the phase of sabotage,” the VP noted.

Alongside the digital transformation agenda, President Tinubu said Nigeria is committed to prioritizing climate resilience and becoming an attractive destination for carbon market investments.

“The tensions resulting from climate-induced disruptions serve as a pressing call to action. The profound impact of climate change on our continent’s security underscores our dedication to transforming innovative concepts from conference discussions into tangible actions. We aim to become an investment-friendly destination for carbon market investments,” the organ was informed.

He expressed Nigeria’s belief that the summit’s communiqué would reflect the collective needs of African and IDA countries, capturing their “nuances, consensus, dreams, and projections.”

President Tinubu listed key priorities for Nigeria’s economic recovery in his administration’s Renewed Hope Agenda, anchored on poverty alleviation, to include economic expansion, job creation, enhanced access to capital, food security, and inclusivity.

He also stressed the importance of regional economic integration through instruments like the African Continental Free Trade Area (AfCFTA) Agreement to dismantle investment barriers and facilitate access to international markets.

“Our path to the future depends on nurturing strategic partnerships with other nations and development organizations. Therefore, we will utilize our absolute and comparative advantages to establish partnerships across borders,” the President said.

Earlier in his opening remarks, the President of Kenya, William Ruto, said the summit was urgent because it was “convened at a critical juncture facing a convergence of global crises which include escalating geopolitical tensions that challenge international unity, a deepening development and debt crisis that threatens our economic stability, and an urgent climate emergency that demands immediate and collective action for our planet’s survival.”

He gave instances of the devastating impact of severe flooding in the East African region which, according to him, has displaced thousands in Nairobi alone, and the vulnerability of the continent to extreme weather patterns, which points to the critical role of the IDA in financing Africa’s development and stability.

“This new normal demands our immediate and united action to safeguard our collective future. This underscores the critical role of IDA for Africa Summit as a cornerstone for financing for Africa. IDA has directed 75% of its total commitment which is nearly $26 billion to Africa in the last fiscal year with African countries comprising 8 of IDA’s top 10 borrowers. This support is not just financial but it’s a lifeline for development and stability,” President Ruto said.

Also speaking, the World Bank President, Ajay Banga, expressed optimism about Africa’s potential, saying “it’s very easy to feel hopeful when we’re together anywhere in Africa,” adding that you feel the infectious energy of young people.”

Banga affirmed the IDA’s commitment to accelerating progress on the continent, vowing to “move with urgency and purpose,” while making the institution more efficient and impactful.

“We stand at the crossroads of a new era of growth and prosperity for Africa,” he said.

At the end of the Summit, African Heads of State and Government adopted a joint communique committing countries on the continent to accelerate the continent’s economic transformation by strengthening implementation capacities, mobilising domestic resources, and partnering effectively with IDA.

They also called for an ambitious replenishment of the International Development Association (IDA) to support the continent’s development goals.

The Nairobi Communique described IDA as Africa’s largest source of concessional financing, outlining priorities for IDA21 to include building human capital, creating jobs, boosting energy and digital access, enhancing resilience to climate change and fragility, and promoting inclusive growth policies.

Our Youths Will Transition Nigeria Into Digital Economy Powerhouse – President Tinubu

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