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Developed Countries Should Assist to Free Africa from Shackles of Debt- Shanghai Institute

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Developed Countries Should Assist to Free Africa from Shackles of Debt- Shanghai Institute

Developed Countries Should Assist to Free Africa from Shackles of Debt- Shanghai Institute

By: Michael Mike

The only way for Africa to be freed from the shackles of debt and get its development back on track is if assisted by developed countries, private financial institutions and international multilateral financial institutions.

This was this submission of an international online seminar with the theme “Africa’s Debt Situation and China’s Responses”, organised by the Shanghai Institute of International Studies (SIIS).

The seminar held at the weekend had in attendance experts and professionals from international organisations, enterprises, Chinese and foreign think tanks and representatives from universities, where they discussed in depth two major topics, assessing the debt situation in Africa, and China’s role in the African debt issue.

take stronger actions in providing financial support to developing countries and alleviating their debt

The seminar aimed to deepen the understanding of African debt crisis, and explore how China and the African community can deepen their cooperation with Africa. At the same time, the seminar called on all parties to coordinate and cooperate on this problem, especially the developed countries, private financial institutions and international multilateral financial institutions, and together they should take stronger actions in providing financial support to developing countries and alleviating their debt through actions by all parties can the world help Africa and the global economy to achieve inclusive and sustainable development.

Four guests from different countries and fields provided in-depth analysis on the topics. Professor Deborah Brotigam, Director of the China-Africa Studies Initiative Program at Johns Hopkins University, shared her research results and made constructive suggestions on China’s loans to Africa, the proportion of Africa’s external debt, China’s debt treatment for Africa, and China’s participation in G20 debt treatment. 

Gregory Smith, emerging markets fund manager from M&G Investments analyzed the overall debt situation of African countries, deeply analyzed the manifestation and root causes of debt problems of African countries from the perspective of sovereign bonds and private creditors, and pointed out the importance of coordinated participation of different creditors. 

Wang Luo, Director of China Academy of International Trade and Economic Cooperation, provided a new perspective on China’s participation in African development and support for African countries to deal with debt challenges from the perspective of “debt to development”. 

Also Read: 2023: Why Kashim Shettima will bring massive votes than Any Presidential Running…

Rui Wanjie, Founder and CEO of Rui Naxin Consulting, commented on the experience of dealing with debt crises in African countries in the 1990s and on China-Africa development cooperation, especially emphasizing the importance of quality cooperation and sustainable financing between China and Africa.

Chen Dongxiao, President of Shanghai Institutes for International Studies (SIIS), delivered the opening speech, while senior fellow Zhou Yuyuan from the Center for West Asian and African Studies and senior fellow Ye Yu from the Center of World Economy presided over the conference. Giles, head of the African-Chinese Chamber of Commerce, gave the concluding remarks. 

Chen Dongxiao pointed out that although African economies in general showed signs of steady recovery, the debt problem remained serious. The international community has provided positive support to African countries through many agendas and initiatives, and how to enhance the effectiveness of debt response and global governance is still an important issue. 

He insisted that China is a staunch partner of Africa in terms of mutual development and has been playing an active role in addressing Africa’s debt problems..

The session concluded with a response from senior fellow Zhou Yuyuan of the Center for West Asian and African Studies of the Shanghai Institutes for International Studies from the perspective of China’s contribution to Africa’s development cooperation, arguing that debt relief for Africa requires all relevant parties to balance to the relationship between short-term emergency relief and long-term debt governance. 

The conference was open to the public and was attended by about 150 people from different countries.

Developed Countries Should Assist to Free Africa from Shackles of Debt- Shanghai Institute

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NDLEA Launches Alternative Development Project to Shift Cannabis Growers to Legal Farming

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NDLEA Launches Alternative Development Project to Shift Cannabis Growers to Legal Farming

By: Michael Mike

The National Drug Enforcement Agency (NDLEA) has launched an Alternative Development Pilot Project aimed at ending illicit cannabis cultivation by providing affected communities with sustainable and legal livelihood options.

The initiative was unveiled on Tuesday in Akure, Ondo State, at a town hall meeting attended by national stakeholders, international development partners, traditional rulers and community leaders.

The project is designed to replace illicit drug farming with profitable food and cash cropu production, while reducing drug-related insecurity.

Speaking at the event, NDLEA Chairman and Chief Executive Officer, Brigadier General Buba Marwa (retd), said the programme represents a shift from confrontation to cooperation between law enforcement and farming communities involved in illicit crop cultivation.

According to Marwa, the Alternative Development Project will help break the long-standing cycle of poverty, insecurity and environmental damage associated with cannabis farming, while supporting Nigeria’s food security goals under President Bola Tinubu’s Renewed Hope Agenda.

He explained that drug cultivation often benefits criminal networks rather than host communities, leaving behind degraded farmland and social instability. “The kingpins prosper elsewhere, while the farmers are left with poverty and insecurity,” Marwa said, adding that the new approach prioritises empowerment over enforcement.

The NDLEA boss stressed that participation in the programme is voluntary and targeted only at communities willing to abandon illicitu cultivation. He assured residents that the initiative is not a trap to arrest farmers, but a genuine effort to help them transition to lawful agriculture.

Marwa noted that alternative crops such as Artemisia annua, which has medicinal and commercial value, could generate higher income than cannabis while contributing to public health and economic growth.

The Ondo State Governor, Dr. Lucky Ayedatiwa, welcomed the pilot project and pledged the full support of his administration. He said the state government would provide land, seedlings and other agricultural inputs to ensure the success of the initiative.

Ayedatiwa also urged young people to reject drug abuse and embrace legitimate opportunities offered through the programme, describing youths as key drivers of development.

International partners, including the United Nations Office on Drugs and Crime (UNODC) and development agencies from Europe, expressed support for the project, which aligns with global best practices on crop substitution and sustainable livelihoods.

Traditional rulers in the state also backed the initiative. Speaking on their behalf, the Olowo of Owo Kingdom and Chairman of the Ondo State Council of Traditional Rulers, Oba Ajibade Gbadegesin Ogunoye III, called on youths to embrace the programme, warning of the social and legal consequences of drug cultivation.

The Alternative Development Pilot Project will begin in three communities in Ondo State, after which its impact will be assessed and recommendations made to the Federal Government for nationwide expansion.

NDLEA Launches Alternative Development Project to Shift Cannabis Growers to Legal Farming

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VP Shettima To Launch Fresh Women, Youth, Children Learning, Empowerment Fund

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VP Shettima To Launch Fresh Women, Youth, Children Learning, Empowerment Fund

… As Nigeria co-hosts Africa Social Impact Summit, policy engagement in Abuja

By: Our Reporter

All is set for the Vice President, Senator Kashim Shettima, to launch a fresh learning fund and empowerment platform targeted at unlocking the potential of Nigerian children, women, and youth.

The event is billed to hold on Wednesday, January 28, 2026, at the State House Conference Centre, Abuja.

This initiative, convened by the Office of the Vice President in collaboration with Sterling One Foundation, the United Nations System, and other ASIS partners, will form part of the outcomes of the Africa Social Impact Summit (ASIS) 2026 High-Level Policy Engagement.

ASIS is a premier platform for accelerating progress on the Sustainable Development Goals (SDGs) through innovation, financing, and partnerships.

The high-level engagement with the theme, “Scaling Action – Driving Inclusive Growth through Policy and Innovation,” will bring together over 200 senior leaders from government, private enterprise, development institutions, civil society, and the diplomatic community.

Key highlights of the engagement include the launch of flagship, policy-backed initiatives, notably the Business Coalition for Education (BCE) and the Nigeria Foundational Learning Fund, designed to accelerate foundational literacy and numeracy, while addressing the country’s out-of-school children challenge.

Also to be launched on Wednesday is the Women and Youth Financial and Economic Inclusion (WYFEI) Nigeria, the country’s flagship platform for advancing women and youth economic empowerment through compact-based delivery, co-investment frameworks, and performance accountability.

This will make Nigeria the implementation platform of the African Union’s WYFEI programme.

WYFEI will also be launched in other countries after Nigeria.

Speaking ahead of the engagement, the Vice President noted that Nigeria is poised for a prosperity-filled future through the government’s sustained and effective mobilisation of funding, support, and expertise, both internationally and locally.

“Nigeria’s future prosperity depends on how effectively we mobilise the private sector, development partners, and public institutions around shared national priorities. This engagement marks a critical step toward delivery-driven partnerships that unlock the full potential of our women and youth, strengthen human capital, and accelerate inclusive growth,” he said.

On her part, Mrs. Olapeju Ibekwe, CEO of Sterling One Foundation, explained that the ASIS 2026 High-Level Policy Engagement represents a pivotal shift from conversation to national execution.

According to her, the high-level meeting will deliberately align policy, innovation, financing, and frameworks that enable solutions to scale—delivering real impact for millions of Nigerians, while positioning Nigeria as a leader in Africa’s sustainable growth agenda.

The event will also feature the adoption of the WYFEI Nigeria Declaration, a national statement of intent to be endorsed by government officials, CEOs, and development partners, committing to coordinated action to unlock Nigeria’s women and youth dividend.

Senior government officials, chief executives, development partners, investors, and civil society organisations will converge on Abuja to advance results-driven partnerships for inclusive growth, foundational learning, women and youth empowerment, and national development delivery for Nigeria.
End

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Nigeria, Italy Set to Strengthen Bilateral Ties, Tackle Migration, Security Challenges

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Nigeria, Italy Set to Strengthen Bilateral Ties, Tackle Migration, Security Challenges

By: Michael Mike

Nigeria and Italy have expressed renewed commitment to strengthening bilateral relations, with a focus on addressing irregular migration, insecurity, counter-terrorism, and expanding economic cooperation.

The Minister of State for Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, made this known in Abuja on Monday during a courtesy visit by the Italian Ambassador to Nigeria, Mr. Roberto Mengoni.

Odumegwu-Ojukwu described Italy as one of Nigeria’s key strategic partners in Europe, noting that although diplomatic relations between both countries span more than six decades, there is yet to be a formal Nigeria-Italy Bi-National Commission, calling for the establishment of such a framework to deepen structured engagement and cooperation.

According to the minister, sustained high-level diplomatic engagements between both countries have continued to highlight shared priorities in sustainable development, food security, climate action, and economic growth.

She said ongoing consultations between Nigeria and Italy also reflect a common commitment to addressing global and regional challenges, including climate change, irregular migration, and security threats.

The minister urged for continued collaboration of both countries in combating illegal migration, human trafficking, and transnational crimes, while calling for stronger Italian involvement in Nigeria’s ongoing economic reforms. She identified renewable energy, agribusiness, and infrastructure development as critical sectors for enhanced cooperation.

Odumegwu-Ojukwu also sought Italy’s technical support for Nigeria’s industrialisation drive, stressing that improved mobility between both countries would stimulate trade, investment, education, and cultural exchange.

She emphasised the need to improve visa processing systems, noting that more efficient procedures would ease movement, reduce delays, and strengthen economic and diplomatic relations.

The minister also called for the creation of effective trade facilitation mechanisms to allow Nigerian agricultural and manufactured products access to the Italian market, thereby reducing transit costs and improving supply chain efficiency.

Describing migration as both a challenge and an opportunity, Odumegwu-Ojukwu said Nigeria and Italy are working together to curb irregular migration while expanding legal migration pathways. She explained that bilateral cooperation includes repatriation agreements, voluntary return initiatives, and reintegration programmes for Nigerians returning from Italy.

She also highlighted joint efforts to dismantle human trafficking networks operating between both countries, with special emphasis on protecting vulnerable groups. According to her, vocational training and small business development initiatives are being implemented in high-migration areas to address the root causes of irregular migration.

“With Nigeria’s large youth population, we are deeply concerned about the safety of our young people,” the minister said. “We are seeking effective ways to combat irregular migration, especially as Italy remains a major destination for Nigerian migrants.”

She added that Nigeria is exploring youth-focused initiatives to address unemployment, youth restiveness, and online radicalisation, while appealing for support in building capacity to counter violent extremism.

Earlier, Mengoni reaffirmed Italy’s interest in strengthening relations with Nigeria, describing the country as central to Italy’s Africa cooperation strategy.

He said his mission to Nigeria would prioritise expanding diplomatic and business ties for the mutual benefit of both nations.

“We now have the momentum to engage Nigeria more deeply and enhance cooperation. Italy does not believe in imposing policies on African countries but in building partnerships,” Mengoni stated.

Nigeria, Italy Set to Strengthen Bilateral Ties, Tackle Migration, Security Challenges

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