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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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NIMC Intensifies Ward-Level NIN Enrolment, Urges Nigerians to Register

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NIMC Intensifies Ward-Level NIN Enrolment, Urges Nigerians to Register

By: Michael Mike

The National Identity Management Commission (NIMC) has reaffirmed its commitment to expanding Nigeria’s digital identity database as its nationwide ward-level enrolment drive for the National Identification Number (NIN) gains momentum across the federation.

The exercise, which began on February 16, 2026, is designed to bring registration services closer to the grassroots by decentralising enrolment to ward levels in all states and the Federal Capital Territory. According to the Commission, the initiative is already recording steady progress, with officials deployed to designated centres to capture new registrants.

In a statement issued on Tuesday by the spokesman of the Commission, Dr. Kayode Adegoke, NIMC underscored the critical role of the NIN in accessing essential government and financial services, describing it as the backbone of Nigeria’s identity management system. The Commission stressed that possession of the NIN remains mandatory for participation in a growing number of public and private sector services.

“The ward-level enrolment is part of our strategy to ensure inclusive identity coverage and to eliminate barriers that may prevent citizens and legal residents from registering,” the Commission said.

NIMC called on Nigerians who are yet to enrol to seize the opportunity presented by the decentralised exercise by visiting designated centres within their wards. The agency advised prospective registrants to verify the nearest enrolment locations through its official website, cooperate with enrolment officers, and provide accurate and verifiable information during the process.

To curb misinformation, the Commission urged the public to rely strictly on its verified communication channels, including its website (www.nimc.gov.ng) and official social media platforms on X (@nimc_ng), Instagram (@nimc_ng), Facebook (National Identity Management Commission – NIMC), and LinkedIn.

The agency also highlighted additional digital services available to the public. Applicants can initiate pre-enrolment through the online portal at penrol.nimc.gov.ng, while individuals seeking data corrections or updates can use the self-service modification platform at selfservicemodification.nimc.gov.ng. For secure digital verification, Nigerians were encouraged to download the NIN Authentication (NINAuth) App from the iOS App Store or Google Play Store.

NIMC further provided its customer care helpline, 0800-061-6462, for inquiries and assistance.

Reaffirming its mandate, the Commission stated that it remains focused on delivering “assured identity” to all Nigerians and legal residents, noting that a comprehensive and reliable identity database is essential for national planning, security coordination, and efficient service delivery.

NIMC Intensifies Ward-Level NIN Enrolment, Urges Nigerians to Register

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Nigeria–China Partnership Strengthens as Officials Champion Culture, Women’s Empowerment and Economic Cooperation

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Nigeria–China Partnership Strengthens as Officials Champion Culture, Women’s Empowerment and Economic Cooperation

By: Michael Mike

Nigeria and China have reaffirmed their strategic diplomatic and cultural partnership, with top government officials, diplomats and international development partners using the 2026 Chinese New Year and Lantern Festival celebration in Abuja to call for deeper collaboration in culture, education, tourism and women’s economic empowerment.

The event, held at the China Cultural Centre brought together high-level delegates from the Federal Government of Nigeria, the diplomatic corps and cultural stakeholders from China. The celebration also marked the 55th anniversary of diplomatic relations between both countries, as well as global efforts to promote people-to-people diplomacy under cultural exchange platforms.

Speaking at the event, the Ambassador of China to Nigeria, Yu Dunhai, described the Lantern Festival as a global symbol of unity, hope and renewal. He said the festival’s growing international recognition following its inscription on the UNESCO Intangible Cultural Heritage list reflects the global relevance of Chinese culture.

The ambassador, who was represented by the Cultural Counselor of Chinese Embassy and Director, Chinese Cultural Centre in Nigeria, Yang Jianxing, emphasized that cultural diplomacy remains a strong pillar of China–Nigeria relations, noting that over five decades, both nations have deepened cooperation in trade, infrastructure development, education and technology transfer.

He stressed that cultural exchange promotes mutual understanding beyond formal diplomacy. “Civilizations are enriched by exchange and mutual learning,” he said, highlighting shared cultural values such as respect for family, community cohesion and social harmony.

On his part, the Nigeria’s Permanent Secretary, Federal Ministry of Art, Culture, Tourism and Creative Economy, Dr. Mukhtar Muhammad, described the celebration as a symbolic fusion of two great civilizations and a platform for advancing gender-inclusive development.

Muhammad emphasized that combining the Women’s Carnival with the Lantern Festival was intentional, reflecting the strategic role of women in shaping cultural identity and economic progress.

He noted that women in both Nigeria and China continue to drive innovation, preserve cultural heritage and contribute significantly to national development.

“As lanterns light up the night sky, our women light the path to social and economic progress,” he said, pledging that the Federal Government would continue implementing policies aimed at expanding opportunities for women in the creative and digital economy.

He added that Nigeria would work toward improving women’s visibility in global cultural and economic spaces through stronger tourism promotion, creative industry investment and international cultural collaborations.

Representatives of the UNESCO Office in Nigeria, Dr. Jean-Paul Ngome Abiaga,

also spoke at the event, describing culture and education as powerful tools for sustainable development and international cooperation.

He emphasized that the celebration’s timing — coming just days before International Women’s Day — reinforced global commitments to gender equality.

He commended progress made in women’s empowerment in both countries, highlighting China’s achievements in expanding women’s access to higher education, entrepreneurship and technology-driven industries, noting that women now represent a significant share of university enrolment and workforce participation in China.

In Nigeria, UNESCO praised ongoing initiatives such as national women empowerment programmes and advocacy campaigns promoting girls’ education and economic inclusion. The organization reiterated that investing in women’s education and skills development remains essential to achieving long-term economic stability and social progress.

Speakers at the celebration urged both nations to translate cultural goodwill into stronger economic partnerships. They highlighted opportunities in tourism development, creative economy expansion, digital skills training and youth entrepreneurship.

Officials said cultural exchange programmes have already contributed to growing mutual appreciation of music, film, fashion and culinary traditions between both societies.

Participants noted that Nigerian and Chinese women are increasingly participating in cross-border cooperation projects, with many contributing to business, technology and community development initiatives in both countries.

Nigeria–China Partnership Strengthens as Officials Champion Culture, Women’s Empowerment and Economic Cooperation

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Gombe, UNICEF move to combat nutrition commodity theft

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Gombe, UNICEF move to combat nutrition commodity theft

The Gombe State government in collaboration with UNICEF, has inaugurated a taskforce to tackle misuse, abuse, and theft of nutrition commodities aimed at addressing malnutrition in the state.

Speaking at the inauguration on Tuesday, Deputy Governor Mr Manassah Jatau, urged taskforce members to adhere strictly to their terms of reference, stressing the importance of safeguarding the health of the population.

He explained that the taskforce’s mandate included identifying, monitoring, and sanctioning anyone diverting, hoarding, destroying, or misusing nutrition commodities intended for malnourished children and other vulnerable groups.

Jatau noted that malnutrition remained a major challenge in northern Nigeria, particularly the North West and North East zones, emphasising that protecting nutrition supplies ensured better returns on government and partner investments.

He outlined the taskforce’s responsibilities, including monthly monitoring of health facilities and storage sites, investigating diversion cases, recommending sanctions, and developing guidelines for transparency and accountability in handling nutrition commodities.

Dr Nuzhat Rafique, Chief of UNICEF Bauchi Field Office, expressed concern over the diversion of life-saving nutrition commodities to the market, depriving malnourished children of critical protection and care.

She highlighted that nutrition supplies were essential for children suffering from Severe Acute Malnutrition (SAM) and warned that the number of chronically malnourished children was increasing in the state.

Rafique urged the taskforce to diligently prevent diversion or abuse of all nutrition and medical supplies, ensuring aid reached the children who needed it most.

Chairman of the taskforce, Mr Salisu Baba-Alkali, Commissioner of Budget and Economic Planning, assured that the committee would deliver on its mandate, reflecting the government’s strong political will and commitment.

The News Agency of Nigeria (NAN) reports that the taskforce underscores Gombe State’s institutional effort to protect life-saving nutrition commodities from misuse, diversion, and theft across health facilities and storage centres.

The initiative is aimed at ensuring that the supplies reach malnourished children and other vulnerable populations as intended by the government and its development partners.

Gombe, UNICEF move to combat nutrition commodity theft

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