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Amina Mohammed: Africa, the Best Investment Proposition of 21st century
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
News
Nigeria Condemns Killing of Two Citizens in South Africa, Warns All Options Remain Open
Nigeria Condemns Killing of Two Citizens in South Africa, Warns All Options Remain Open
By: Michael Mike
The Federal Government has strongly condemned the killing of two Nigerian nationals in South Africa, accusing security operatives and criminal elements of targeting Nigerians amid rising xenophobic violence, and warning that it may be forced to activate “all options” if the attacks continue.
In a statement issued on Sunday by the spokesperson of the Ministry of Foreign Affairs, Kimiebi Ebienfa, the government demanded immediate investigations into the killings and the prosecution of those responsible, while expressing concern over what it described as an alarming pattern of extra-judicial killings and growing hostility towards Nigerians living in South Africa.
According to the ministry, one of the victims, Emeka Charles Iroegbu, was allegedly killed on June 28 in Sunnyside, Pretoria, by officers of the Tshwane Metro Police, who reportedly subjected him to what the government described as “gruesome interrogation techniques.”
The ministry said the same police officers were also allegedly responsible for the extra-judicial killing of another Nigerian, Nnaemeka Mathew Andrew Ekpenyong, on April 20, noting that despite the identities of the four officers being known to the South African Police Service, no arrests had been made.
It added that another Nigerian, Musa Yunana Joe, popularly known as “Big Joe,” was also shot dead in front of his shop on June 28 in Witbank, Mpumalanga, by yet-to-be-identified gunmen.
The government said the incidents occurred against the backdrop of increasing attacks on foreigners in South Africa, raising serious concerns about the safety of Nigerians and other foreign nationals.
It alleged that some individuals were deliberately portraying hardworking Nigerians as criminals in order to justify attacks against them.
“The continuing pattern of such terrible incidents is clearly evidence of complicity on the part of security operatives, especially officers of the Tshwane Metro Police, which raises the question of state responsibility under international law,” the statement said.
Nigeria also condemned recent comments reportedly made by a spokesperson of the South African Government, who allegedly asked Nigerians leaving South Africa because of ongoing xenophobic protests to disclose where illegal drugs were hidden.
The Ministry described the remarks as derogatory, unprofessional and capable of inciting hatred and violence against Nigerians.
It further criticised anti-immigrant groups, including March on March and Operation Dudula, accusing them of promoting violence and hate against fellow Africans and warning that their leaders could face regional and international criminal liability.
The Federal Government stressed that allegations of wrongdoing against any individual should be handled through lawful judicial processes rather than mob action or extra-judicial killings.
It called on South African authorities to urgently investigate the recent killings alongside other unresolved cases involving Nigerian victims and ensure that those responsible are prosecuted.
The government expressed sympathy to the families of the deceased and pledged to continue engaging South African authorities at the highest diplomatic level until justice is achieved.
It also advised Nigerians living in South Africa to remain calm, obey the law, stay vigilant, relocate to safer neighbourhoods where necessary, and avoid areas experiencing violent demonstrations while diplomatic efforts continue.
The ministry noted that numerous South African citizens and businesses operate freely and safely in Nigeria without harassment, arguing that South Africa has a reciprocal obligation to guarantee the safety of Nigerians legally residing in the country.
It warned that the continued targeting of Nigerians was unacceptable and stated that if the situation persisted, “all options remain on the table,” adding that some measures could be activated should what it described as “intolerance and apartheid-style behaviour” against foreigners continue.
The government, however, appealed to Nigerians at home to remain peaceful and refrain from retaliatory actions, reaffirming its commitment to dialogue and diplomacy in line with Nigeria’s foreign policy of African unity, brotherhood and solidarity.
The Ministry also disclosed that the evacuation of registered Nigerians from South Africa is ongoing.
Nigeria Condemns Killing of Two Citizens in South Africa, Warns All Options Remain Open
News
Six Villagers Killed as Terrorists Attack Sokoto Community, Rustle Livestock
Six Villagers Killed as Terrorists Attack Sokoto Community, Rustle Livestock
By: Zagazola Makama
Suspected terrorists have killed six villagers and rustled an unspecified number of livestock during an attack on Koludo Village in Bodinga Local Government Area of Sokoto State.
Security sources told Zagazola Makama that combined troops of the 8 Division Strike Team, 18 Field Engineer Regiment, 28 Support Engineer Regiment, and the Nigeria Police responded to a distress call following the attack at about 7:10 a.m. on Friday.
The sources said that upon arrival at the village, the security team confirmed that the attackers had invaded the community, killed six residents, and made away with livestock before fleeing.
The troops immediately launched a pursuit of the fleeing terrorists along their withdrawal routes but were forced to halt the operation after the suspects escaped into marshy terrain, which hindered further movement.
Security forces have maintained vigilance in the area while efforts are ongoing to track down the perpetrators and prevent further attacks.
Six Villagers Killed as Terrorists Attack Sokoto Community, Rustle Livestock
News
Fire razes about 50 shops at Ibadan market
Fire razes about 50 shops at Ibadan market
By: Zagazola Makama
A fire outbreak has destroyed about 50 shops at the Bode Market area of Ibadan, Oyo State, with no casualties recorded.
Police sources said the incident occurred at about 2:00 a.m. on Friday following reports from members of the public.
A team of police operatives led by the Divisional Police Officer of Mapo Division responded to the scene, while firefighters were immediately contacted to contain the blaze.
The fire was eventually extinguished through the combined efforts of firefighters and residents.
Police cordoned off the area to prevent hoodlums from taking advantage of the situation to loot affected shops.
Although about 50 shops were completely destroyed by the fire, no lives were lost and no injuries were reported.
The cause of the fire has yet to be determined, while the value of the property destroyed is still being assessed.
Police said investigations into the incident have commenced.
Fire razes about 50 shops at Ibadan market
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