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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
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
News
UNESCO, CWAY Group Partner to Empower Corps Members on Reproductive Health, Life Skills
UNESCO, CWAY Group Partner to Empower Corps Members on Reproductive Health, Life Skills
By: Michael Mike
A strategic collaboration between UNESCO and the CWAY Group is equipping National Youth Service Corps (NYSC) members with critical knowledge on sexual and reproductive health, life planning, and community development.
The initiative, unveiled during an orientation programme, is part of a broader social responsibility effort aimed at reducing risky behaviours among young people while preparing them to become productive contributors to Nigeria’s development.
Speaking at the event, the National Project Officer and Head of Education Sector a.i with UNESCO, Mr. Adeyemi Oladeji explained that the intervention focuses on providing early and accurate information to corps members, particularly during their three-week orientation camp, a period often associated with exposure to risky sexual behaviour.
“This is a preventive approach,” he said. “If young people are properly informed early, they are more likely to make responsible decisions that will not derail their life goals.”
The programme addresses key issues such as teenage pregnancy, gender-based violence, HIV prevention, and life skills development. It is also designed to help young people align their personal ambitions with national development goals, ultimately contributing to Nigeria’s demographic dividend.
A key component of the initiative is the training of selected corps members under the Sustainable Development Goals (SDGs) and HIV Community Development Service (CDS) groups as master trainers. These trained volunteers will extend the campaign beyond schools by engaging out-of-school youths, particularly those in informal sectors such as mechanics, barbers, and hairdressers.
According to Oladeji, out-of-school youths remain among the most vulnerable due to limited access to accurate information and social support systems.
“Most interventions target young people in formal education, but those outside the school system are often neglected despite being highly vulnerable,” he noted.
The trained corps members will conduct community outreach programmes, peer education sessions, and sensitisation campaigns, especially in underserved areas where access to government services is limited. The initiative also emphasizes peer-to-peer education, recognizing that young people are more likely to confide in and learn from their peers.
In addition, the programme integrates voluntary HIV testing services in partnership with health organisations, encouraging corps members to know their status and adopt healthier lifestyles.
“If you know your status, you can take control of your health—whether it means staying negative or managing a positive status effectively,” Oladeji added.
Beyond the camps, the intervention extends to schools and communities. Teachers are being trained to deliver Family Life and HIV Education, while community and religious leaders are being engaged to support the reintegration of out-of-school children, particularly girls affected by early pregnancy or economic hardship.
The initiative is currently being implemented in several states, including Lagos, Ogun, Enugu, and the Federal Capital Territory, in collaboration with the National Youth Service Corps, the Federal Ministry of Youth, and the Federal Ministry of Education.
Early feedback indicates strong interest among corps members, many of whom have volunteered to participate as peer educators and community influencers.
Organisers described the response as “encouraging,” noting that participants are eager to make meaningful impact during their service year and beyond.
“This is just the beginning,” Oladeji said. “We are building a generation of informed, responsible young people who can influence others and drive positive change in their communities.”
UNESCO, CWAY Group Partner to Empower Corps Members on Reproductive Health, Life Skills
News
Athena Centre Launches 2026 Junior Fellowship to Groom Next Generation of Policy Leaders
Athena Centre Launches 2026 Junior Fellowship to Groom Next Generation of Policy Leaders
By: Michael Mike
The Athena Centre for Policy and Leadership has officially announced the commencement of its 2026 Athena-Anchoria Junior Fellowship Programme, marking a significant step in efforts to nurture young leaders in governance and public policy across Nigeria.
The programme, which began on April 25, 2026 in Abuja, is being delivered in partnership with Anchoria Advisory Services Limited.

Speaking on the initiative, the firm’s Managing Director and CEO, Sam Chidoka, emphasized the long-term vision behind the fellowship, noting that investing in capable young minds is essential to shaping Nigeria’s policy future.
A statement on Monday by the Centre, read that following a rigorous nationwide selection process, 14 exceptional young Nigerians were admitted into the 2026 cohort. The fellows were chosen based on academic excellence, leadership potential, and a demonstrated commitment to governance and public policy.
The cohort reflects a broad national spread, drawing participants from all six geopolitical zones. Representatives from the Southeast include Kosisochukwu Praise Bosah, Adaobi Patience Ayogu, and Daniel Kelechi Nnamani. From the Southwest are Ezekiel Adeshina Adebisi and Eunice Iyanuoluwa Olasunkanmi, while the South-South is represented by Angelica Onagiekhuwemhe Enegbuma and Shedrack James Owen.

The Northwest contingent comprises Yahaya Abubakar, Hassan Suleiman Haruna, and Rashida Bafashi Abubakar. From the Northeast are Gabriel Mohammed Shuwa and Mohammed Baba Kale, while the North-Central zone is represented by Augustina Enuwa Abakpa and Muhammad Saheed Afodun.
According to the statement, participants come from diverse academic backgrounds, including political science, law, mass communication, medicine, and other science-based disciplines. The group consists of undergraduates, postgraduate students, and early-career professionals drawn from top Nigerian universities.
The six-month fellowship is designed as a leadership and policy development programme aimed at building a pipeline of reform-oriented leaders. It will begin with virtual learning sessions, followed by sustained engagement and mentorship, and conclude with an intensive in-person session.
Through structured training, mentorship, and hands-on policy engagement, fellows will gain practical insights into governance challenges and institutional reform strategies.

The launch of the 2026 cohort reinforces the Athena Centre’s commitment to strengthening policy capacity and developing a new generation of leaders equipped to drive meaningful change in Nigeria.
Athena Centre Launches 2026 Junior Fellowship to Groom Next Generation of Policy Leaders
News
Nigeria No Longer Safe Haven for Drug Cartels, Says UNODC
Nigeria No Longer Safe Haven for Drug Cartels, Says UNODC
By: Michael Mike
The United Nations Office on Drugs and Crime (UNODC) has declared that Nigeria is no longer a permissive environment for international drug cartels, citing a surge in arrests, seizures, and convictions driven by reforms within the National Drug Law Enforcement Agency (NDLEA).
The UNODC Country Representative, Cheikh Toure, made the statement in Abuja on Monday during the handover of newly constructed audiovisual interview rooms to the NDLEA.

The facilities, equipped with modern interrogation technology, were provided by UNODC with funding support from the United States International Narcotics and Law Enforcement Affairs (US-INL).
Toure described transnational drug trafficking as one of the most destabilizing global threats, linking it to corruption, violence, and the exploitation of vulnerable populations. He noted that Nigeria’s geographic position has historically made it both a target and transit hub for drug networks spanning Latin America, Asia, and Africa.

However, he said recent enforcement efforts have significantly altered that narrative.
“Under the leadership of Mohamed Buba Marwa, the NDLEA has demonstrated remarkable courage and professionalism,” Toure said, adding that the agency’s intensified operations since 2021 have sent a strong deterrent message to organized criminal groups.
He further emphasized that international collaboration remains critical, commending the United States government for its financial support. According to him, the newly donated facilities represent more than infrastructure, describing them as an investment in transparency, accountability, and the rule of law.
The UNODC chief also called for the replication of such modern interrogation systems across NDLEA commands nationwide to strengthen investigative capacity.
In his response, NDLEA Chairman, Buba Marwa, expressed appreciation to both UNODC and US-INL for their continued partnership, assuring that the agency is prepared to build on recent gains.

“We are not just commissioning rooms; we are strengthening the integrity of our investigative process,” he said.
Marwa highlighted that the agency is undergoing a major digital transformation, and the integration of advanced interrogation technology would enhance operational efficiency and align Nigeria’s law enforcement standards with global best practices.
He described the facilities as a symbol of international trust and a boost to the agency’s capacity to deliver justice effectively, while reaffirming NDLEA’s commitment to professionalism, transparency, and respect for human rights.
The event was attended by senior officials from UNODC, NDLEA, and the US-INL, including Deputy Director Douglas Grane.
The latest development underscores growing international confidence in Nigeria’s anti-narcotics efforts and signals a shift in the country’s role in the global fight against drug trafficking.
Nigeria No Longer Safe Haven for Drug Cartels, Says UNODC
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