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ActionAid Advocates for Windfall Tax on ‘Climate Wrecking’ FirmsSays Over US$420 billion in Windfall Profits Made in 24 months by 36 Top Fossil Fuel, Financial Firms

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ActionAid Advocates for Windfall Tax on ‘Climate Wrecking’ Firms
Says Over US$420 billion in Windfall Profits Made in 24 months by 36 Top Fossil Fuel, Financial Firms

By: Michael Mike

ActionAid International has advocated for massive imposition of windfall tax on fossil fuel companies including financial institutions, lamenting that ‘climate-wrecking’ firms make billions in ‘surplus profits’ and should be made to pay to ameliorate the harms done.

ActionAid in a statement on Wednesday said a report it conducted has shown that 36 top companies in the fossil fuels and financial sector, often funding fossil fuel use, made over US$420 billion in windfall profits in the 24 months preceding July 2023.

It stated that a tax of 90% on these windfall profits could generate as much as US$382 billion in revenue, an amount that could be spent on public services such as education, or climate action, calling for urgent introduction of windfall profits taxes.

The statement read: “Thirty-six top companies in the fossil fuel industry and their funders made over US$420 billion in
‘surplus’ profits in the 24 months before July 2023, shows a new ActionAid report.
The report shows that taxing these extraordinary profits, referred to as windfall profits, could generate funds to boost public spending, especially for key areas such as education and climate action.

“Windfall profits are often attributed to external context changes and are considered a ‘surplus’ above the regular and expected profits.

“A tax of 90% on the windfall profits of these 36 firms could generate as much as US$382 billion in revenue, shows the report launched as world leaders meet at Davos for the World Economic Forum. This amount is almost 20 times more than the US$21 billion provided by donors for climate adaptation in 2021.”

ActionAid Secretary-General Arthur Larok said: “The scale of profits that fossil fuel companies and their bankers are making in the wake of global crises is truly astounding, especially when compared to the hardships that these crises have brought upon regular people around the world,” insisting that: “Windfall profits taxes make sense. They can bring in significant revenue for climate action and social services, while taxing only the extraordinary corporate profits.”

According to the statement, ActionAid’s research is an analysis of the profits of the top 14 fossil fuel companies and top 22 financial corporations by value on the stock market. In the 24 months to July 2023, these firms made US$1,218 billion in profits. Windfall profits from this amount comes to US$425 billion.

It added that fossil fuel company profits in the 12 months before July 2023 were up by an astounding 278% compared to the average in the period between 2017/2018 and 2020/2021

It noted that both the fossil fuel and the financial industries have been making extraordinary profits in recent years, widely attributed to the impact of Russia’s full-scale invasion of Ukraine, and high interest rates adopted by many countries in response to growing inflation, stressing that: “ActionAid’s research in 2023 found that banks alone have poured over US$3.2 trillion into fossil fuels in the Global South since the Paris Agreement was adopted in 2015, making them complicit in climate damage.”

The statement recalled that at COP27, United Nations Secretary-General Antonio Guterres asked governments to tax the windfall profits of fossil fuel companies and redirect that money to those impacted by climate change, lamenting that over a year later, only some EU Member States, the UK, and a few Latin American countries, have introduced some forms of temporary and often limited windfall taxes on fossil fuel companies.

ActionAid Advocates for Windfall Tax on ‘Climate Wrecking’ Firms
Says Over US$420 billion in Windfall Profits Made in 24 months by 36 Top Fossil Fuel, Financial Firms

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Global Leaders Inspire Youth Action on Digital Education at LASSMUN 2026

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Global Leaders Inspire Youth Action on Digital Education at LASSMUN 2026

By: Michael Mike

A powerful coalition of global and national leaders has challenged Nigerian students to take ownership of the future, as the Lagos Secondary Schools Model United Nations (LASSMUN) 2026 opened with a resounding focus on digital transformation, equity, and sustainable development.

At the heart of the gathering was a clear message: young people are not just participants in tomorrow’s world—they are already shaping it.

Delivering a keynote message, António Guterres underscored the United Nations’ unwavering belief in the capacity of youth to drive meaningful change. He told delegates that Model UN platforms are more than academic exercises—they are training grounds for leadership, diplomacy, and problem-solving in an increasingly complex world.

He emphasized that building a better future demands stamina, courage, and a deep commitment to fairness, urging students to always center the needs of the most vulnerable in their decision-making.

The Lagos State Commissioner for Basic and Secondary Education, Jamiu Tolani Alli-Balogun, reinforced the importance of education as a cornerstone of national progress, describing LASSMUN as a strategic investment in the next generation of leaders.

He highlighted ongoing efforts by the state government to strengthen education systems through innovation, infrastructure, and policies that promote critical thinking and character development. According to him, the discipline and engagement demanded by Model UN simulations mirror real-life governance and should inspire students to lead with integrity and purpose.

Providing a broader intellectual perspective, Efosa Osaghae, represented by Prof. Joshua Bolarinwa, said digital transformation holds immense promise for addressing global inequalities in education. However, he warned that without deliberate policies to ensure inclusiveness, technology could deepen existing divides.

He called for sustained investments in digital infrastructure, improved access, and stronger policy frameworks to ensure that no learner is left behind in the rapidly evolving knowledge economy.

The Director of the United Nations Information Centre Abuja, Ronald Kayanja, took the message further, reminding participants that youth are already central to global efforts on peace, climate action, and sustainable development.

He urged delegates to embrace dialogue, tolerance, and cooperation—core values of the United Nations—while also developing the critical ability to distinguish facts from misinformation in an increasingly polarized information landscape.

Earlier, LASSMUN President Damilola Ogunsanwo set the tone for the conference, describing it as a transformative experience that instills discipline, collaboration, and respect for global processes.

Also speaking, Tutor-General/Permanent Secretary of Education District III, Mrs. Mojisola Christiana Yusuf, emphasized that Model UN bridges classroom learning with real-world application, equipping students with essential skills such as negotiation, public speaking, and teamwork.

Adding a development perspective, Ms. Genevieve Chukwuezi, representing the United Nations Development Programme Lagos Office, highlighted how technology proved indispensable during the COVID-19 pandemic, ensuring continuity in learning despite widespread school closures.

She stressed that digital transformation must go beyond access to technology, focusing instead on innovation, scalability, and the ability to translate ideas into practical solutions that drive economic and social progress.

In a striking intervention, the conference Secretary-General, Praise Oyekunbi, cautioned against superficial adoption of technology, warning that digital tools without equitable access risk entrenching injustice rather than solving it.

“Technology without equity is not progress—it is exclusion,” she declared, drawing attention to the urgent need for inclusive digital policies.

With debates and committee sessions underway, LASSMUN 2026 is shaping up as more than a conference—it is a platform cultivating a new generation of informed, responsible, and globally conscious leaders ready to confront the defining challenges of the 21st century.

Global Leaders Inspire Youth Action on Digital Education at LASSMUN 2026

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Stakeholders Call for Stronger Enforcement, Early Intervention to Curb School Bullying in Nigeria

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Stakeholders Call for Stronger Enforcement, Early Intervention to Curb School Bullying in Nigeria

By: Michael Mike

Stakeholders from government agencies, civil society, security institutions, and the education sector have called for urgent early intervention, stronger enforcement of anti-bullying policies, and expanded youth empowerment programmes to address rising cases of bullying in Nigerian schools.

They made the call at a Stakeholder Consultative Dialogue on Anti-Bullying in Nigerian Schools convened by International Alert Nigeria on Friday in Abuja, where experts warned that bullying is increasingly becoming a major driver of mental health challenges and broader social risks among young people.

NDLEA links bullying to drug abuse risks

Chairman of the National Drug Law Enforcement Agency (NDLEA), Brig.-Gen. Mohammed Marwa, warned that persistent bullying could expose young people to substance abuse and other harmful coping behaviours.

Represented by Henrietta HoldGod of the agency’s Counselling and Psychosocial Support Unit, he said victims of bullying often suffer anxiety, depression, low self-esteem, and social withdrawal.

He stressed that in some cases, affected students may resort to drugs as a coping mechanism, noting that prevention of bullying directly aligns with NDLEA’s broader preventive mandate.

“Protecting children from bullying also means protecting them from pathways that may lead to drug abuse and other harmful behaviours,” he said, adding that safer schools are essential for building resilient communities.

NAPTIP urges zero tolerance and collective responsibility

The Director-General of the National Agency for the Prohibition of Trafficking in Persons (NAPTIP), Binta Bello, described bullying as a violation of human rights that requires collective action across homes, schools, and communities.

Represented by NAPTIP Director Rebecca Enwusoyere, she called for strict zero-tolerance policies in schools, stronger parental engagement, and sustained community advocacy.

She also urged stakeholders to equip young people with skills to identify, resist, and report bullying, stressing that awareness campaigns, peer education, and safe reporting channels are critical to preventing silent suffering among victims.

Experts warn of rising mental health burden

A Senior Research Fellow in International Education and Development at the Open University, Dr. Margaret Ebubedike, said bullying had worsened in the post-COVID-19 period, with significant consequences for students’ mental health and learning outcomes.

She noted that bullying extends beyond individuals to affect families and the education system, disrupting academic engagement and undermining safe learning environments.

Citing regional data, she said between 27 and 50 percent of children in Sub-Saharan Africa experience bullying, warning that Nigeria’s situation appears more severe, with more than half of secondary school students reportedly affected.

“Tackling bullying requires a collective response involving parents, educators, policymakers, and communities,” she said.

Security agency warns of wider societal risks

The Commandant-General of the Nigerian Security and Civil Defence Corps (NSCDC), Dr. Ahmed Audi, cautioned that unresolved bullying cases could escalate into broader security threats if not addressed early.

Represented by CSC Adeoye Adegoke, he emphasised the need for early reporting systems and coordinated institutional responses to prevent escalation.

Federal Government reiterates policy commitment

The Federal Government reaffirmed its commitment to tackling bullying through the National Policy on Anti-Bullying in Schools.

Representing the Federal Ministry of Youth Development, Mrs. Augustine Udo said the policy provides a framework for accountability, protection, and enforcement, urging stakeholders to move from policy discussions to practical implementation.

She called for stronger reporting mechanisms and increased empathy among students, teachers, and parents.

The Federal Ministry of Education Nigeria also confirmed that implementation guidelines and a dedicated committee have been established to ensure nationwide rollout of anti-bullying measures across schools.

Experts push for system-wide action

Behavioural Change Communication expert, Ms. Ayotola Ilori, said data shows bullying is widespread, with about 32 percent of Nigerians aged 12 to 17 affected, while as many as 85 percent are either victims, perpetrators, or both.

She welcomed the 2025 National Anti-Bullying Policy but warned that policy design alone is insufficient without full system-level implementation across schools nationwide.

Ilori also called for coordinated action across all 774 local government areas, urging students to speak up and avoid silence when facing bullying.

International Alert calls for practical interventions

Country Director of International Alert Nigeria, Dr. Kingsley Udo, said the initiative was prompted by growing concerns over recent bullying incidents, including a widely reported case in Edo State.

Represented by Programme Manager Sunday Jimoh, he said the dialogue aimed to move beyond awareness creation to actionable policy solutions.

He noted that bullying is not limited to schools but also exists in workplaces, sports, and leadership spaces, describing it as a broader societal challenge.

Udo said the organisation is working with schools to establish Youth Peace Clubs, where students are trained in conflict resolution and the psychological impact of bullying.

He added that safe reporting systems are also being developed to ensure victims can report incidents before they escalate.

At the end of the dialogue, organisers said a communiqué and policy roadmap would be developed to guide future advocacy and strengthen government engagement on anti-bullying interventions nationwide.

Stakeholders Call for Stronger Enforcement, Early Intervention to Curb School Bullying in Nigeria

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Nigerian envoy visits troops in Benin, urges professionalism

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Nigerian envoy visits troops in Benin, urges professionalism

By: Zagazola Makama

The Chargé d’Affaires at the Nigerian Embassy in Cotonou, Benin Republic, Amb. Bukar Kalambe, has visited Nigerian troops deployed under Operation AWATSE African Alliance II (OPAA II), urging them to uphold professionalism and represent the country with dignity.

Thrme visit took place on April 15, 2026, at Togbin Camp, where the envoy was accompanied by the Defence Adviser, Col. S.A. Yahaya, embassy staff, and the President of the Nigerians in Diaspora Organisation (NIDO), Benin Republic branch, Alhaji Muhammad Muniru.

According to the sources, the visit was aimed at boosting the morale of the troops and reinforcing diplomatic support for the ongoing mission.During the interaction, Kalambe charged the troops to remain disciplined and committed to their mandate, while serving as good ambassadors of Nigeria.

He also assured them of continued support from the Nigerian mission in Benin Republic to ensure the success of the operation.

The Commanding Officer of OPAA II, Lt.-Col. A.A. Ikoro, later conducted the envoy on a guided tour of the camp, showcasing facilities, vehicles, and operational equipment provided by the Nigerian Army for the mission.End

Nigerian envoy visits troops in Benin, urges professionalism

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