National News
Don urges ECOWAS parliament to ensure effective budget monitoring, implementation
Don urges ECOWAS parliament to ensure effective budget monitoring, implementation
By: Michael Mike
Dean, Faculty of Management Sciences, Nile University, Nigeria, Prof. May Nwoye, has implored the ECOWAS parliament to ensure effective formulation, monitoring and implementation of community budgeting for subregional development.
Speaking on the sub-theme: “Improving the Effectiveness and Efficiency of the ECOWAS Parliament in Considering and Monitoring the Community Budget,” at the event with main theme: “The Role of the ECOWAS Parliament in Community Budget Formulation and Monitoring.” Nwoye said
that parliamentarians should be committed to ensuring that the budget always effectively and efficiently aligned with the long-term goal of ECOWAS integration Vision 2050.
Nwoye defined a budget as a financial plan, which forced an institution to map out its goals, control expenditure and keep track of progress to make vision a reality.
The Management Science expert said that effective budget formulation, monitoring and implementation were crucial for achieving both financial stability and ensuring efficient allocation of resources.
“For me, ethical budgeting is the building block of financial management.
“Effective budget formulation is crucial for achieving economic stability, promoting economic growth and ensuring efficient allocation of resources.
“We should take a collective resolve to decolonise our region through ethical budgeting that is goal-oriented, effective and efficient towards the recovery of our ecosystem.
“We must, therefore, tackle the old impediments to be able to confront new imperatives, and contribute in ensuring that Africans benefit from their resources.”
The academic noted that the subregion was besieged with economic predicaments and was currently faced with the problem of formulating an impeccable system capable of delivering socioeconomic services to the citizenry.
She told the parliamentarians that their bringing financial management issues for discussion at the event showed how important the parliament viewed the goals and programmes of pursuing regional economic development.
Nwoye said that in order to promote ECOWAS’ economic integration vision across the region, which required humongous resources, the lawmakers must be strategic in their plan and intentional in their approach.
“The essence of this event is to encourage parliamentarians to improve on their knowledge of community budget formulation and implementation.
“The event also aims to help participants attain a better understanding on how to mitigate the challenges associated with considering and balancing the community budgets.
“The knowledge of financial management will play a pivotal role in the strategic and operational functions of most of your activities.’’
The expert also stressed the need for parliament to have a cordial working relationship with the ECOWAS Commission and the Administration and Finance Committee (AFC) in implementing the 2016 Supplementary Act.
She said that various sectors were competing for the same limited and scarce resources; hence, they were expected to negotiate for adequate allocation of funds by justifying why they wanted the money.
“ECOWAS Parliament should also facilitate collaboration and coordination among the ECOWAS institutions and relevant bodies within the community for effective and efficient budget formulation, monitoring and implementation.
“Implementing effective budget monitoring and control measures is crucial for ensuring that their budgets are accurate and that budget variances are minimised.
“By closely monitoring and controlling the budget, ECOWAS Parliament can identify potential issues and take appropriate actions to address them in a timely manner,” she said.
Nwoye urged the parliament to leverage ICT by deploying budgeting software or tools, which could greatly enhance the effectiveness of budget monitoring and control.
“These tools provide real-time visibility into budget performance, automate data collection and analysis, and generate reports and alerts to keep stakeholders informed,” she said.
She said that to ensure accountability and transparency, the parliament should create a budget oversight committee to oversee the monitoring and control process as well as applying deliberate efforts to regularly track and review budget performance.
Don urges ECOWAS parliament to ensure effective budget monitoring, implementation
National News
At Launch Of Ethiopia’s GLI, VP Shettima Urges Practical Action Against Climate Change
At Launch Of Ethiopia’s GLI, VP Shettima Urges Practical Action Against Climate Change
** Says Nigeria, Ethiopia have the largest stake in Africa’s future by keeping continent green
By: Our Reporter
Vice President Kashim Shettima has called on nations of the world to be decisive about combating climate change, saying it is a danger that must be arrested with practical actions.
According to him, while the global threat is not one that can be resolved in a conference room, it requires each country to respond to the peculiarities of the ecological burdens confronting them.
The Nigerian Vice President, who stated this on Friday during the official launch of Ethiopia’s Green Legacy Initiative (GLI), in Addis Ababa, the Ethiopian capital, said he was delighted to share in the joy of Ethiopia’s resolve to confront the threat posed by climate change “with clarity, courage, and conviction.”
The Ethiopian Green Legacy Programme, which is designed to combat deforestation, enhance biodiversity, and mitigate the adverse effects of climate change, targets the planting of 20 billion tree seedlings over a four-year period.
Senator Shettima, who is in the East African country for an official State visit at the invitation of the Prime Minister of the Federal Democratic Republic of Ethiopia, Dr. Abiy Ahmed Ali, implored nations to enhance their climate plans by doubling their adaptation and mitigation efforts.
He said, “We have long accepted that climate change is not a problem to be solved in a conference room; it is a danger we must arrest with practical actions, with each nation rising to the occasion by responding to the peculiarities of the ecological burdens they face.
“Ethiopia’s Green Legacy Initiative is one such response. It is an inspiring blueprint to reimagine the future. The promise of GLI is the dream of every nation. It is a lesson in vision, in purpose, and in audacity. For those of us who have followed this programme, the numbers are staggering, but the impact is even more compelling.
“To plant 20 billion seedlings within four years, to establish over 20,000 nurseries, and to create hundreds of thousands of green jobs is to show that the future is something we must plant, nurture, and build.”
VP Shettima noted that he was not in Ethiopia to only share in the country’s joy and exchange ideas but to also convey what he described as the deep and abiding solidarity of his boss, President Bola Ahmed Tinubu, and the people of Nigeria.
Applauding those who made the Green Legacy Initiative a reality, he assured Ethiopia of Nigeria’s unflinching support, adding that both countries have the largest stake in Africa’s future.
“Ethiopia and Nigeria are the two most populous countries in Africa. This distinction is not just statistical; it is existential. It means we have the largest stake in Africa’s future. It means that more of our people are exposed to the peril of climate change, and it also means that we face the highest cost of inaction.
“This is why we are not mere spectators in this fight. We are partners. We are participants. And we are prepared to play our part to keep Africa green,” the Vice President pledged, just as he said it is the promise Nigeria and other nations have been making at the Conferences of the Parties (COP) every year.
“It is the pledge we renewed at the last COP in Azerbaijan. And today, we gather not only to stand by this promise but to celebrate the path Ethiopia has illuminated for the world,” he added.
Senator Shettima thanked the government and people of Ethiopia for the warmth and generosity extended to him and other members of the Nigerian delegation.
He said they felt at home, “not just because of the hospitality shown to them, but because the launch of the Green Legacy Programme resonates with the aspirations “to leave behind a planet fit for the dreams of generations to come.
In his address at the event, Ethiopian Prime Minister Abiy Ahmed called on African countries to make the Green Legacy a culture, adding that Ethiopia was proud of Nigeria and its bold move to embrace the green initiative.
The Prime Minister called for partnership across African countries, stating that it was time to place less emphasis on foreign aid and begin to focus more on indigenous and home-grown domestic ideas and visions.
“This year’s Green Legacy is to rise by planting, and it is in consonance with our plan to shock the world with our Green Legacy vision. We never received any aid when we set out to achieve our 20 billion tree planting initiative.
“We thank Nigeria for supporting and accepting this initiative. With its population and growing economy, we are sure that the government of President Bola Ahmed Tinubu, as exemplified by the esteemed presence of Vice President Kashim Shettima, will go a long way in raising the awareness and collaborative effort needed amongst African countries,” the Prime Minister said.
He further expressed optimism that with Ethiopia’s hosting of the forthcoming United Nations summit on Climate Change, the stage is set for all hands to be on deck to achieve one of Ethiopia’s biggest green revolution plans.
Earlier in the day, Vice President Shettima was guided through Ethiopia’s Unity Park, Science Museum, and the Adwa Victory Memorial Museum, which showcase Ethiopia’s historic and transformative trajectory.
At Launch Of Ethiopia’s GLI, VP Shettima Urges Practical Action Against Climate Change
VP Shettima Arrives For Ethiopia’s Green Legacy Programme Launch
By: Our Reporter
Vice President Kashim Shettima has arrived at the venue for the official launch of Ethiopia’s flagship Green Legacy Programme in Addis Ababa.
The project is part of Nigeria’s commitment to regional and continental collaboration on climate action and aligns with the Renewed Hope Agenda of President Bola Ahmed Tinubu, which prioritizes environmental sustainability, food security, and green economic growth.
VP Shettima is in the company of the Ethiopian Prime Minister, Abiy Ahmed.
The Vice President, who is on an official state visit to Ethiopia, will participate in the launch ceremony of the environmental initiative aimed at combating deforestation and mitigating climate change effects.
The Green Legacy Programme targets the planting of 20 billion tree seedlings over a four-year period to enhance biodiversity and address environmental challenges across Ethiopia.
This initiative aligns with Nigeria’s existing endeavours in afforestation and reforestation, such as the Great Green Wall project, which focuses on restoring damaged environments, combating desertification, and fostering climate resilience throughout the Sahel region.
VP Shettima Arrives For Ethiopia’s Green Legacy Programme Launch
VP Shettima Arrives In Ethiopia For Official State Visit
By: Our Reporter
The Vice President, Senator Kashim Shettima, has arrived in Addis Ababa, Ethiopia, for an official State visit at the invitation of the Prime Minister of the Federal Democratic Republic of Ethiopia, His Excellency, Dr. Abiy Ahmed Ali.
He was received at the airport by the Minister of Foreign Affairs of Ethiopia, Dr. Gedion Timothewos and other members of the Ethiopian and Nigerian diplomatic corps.
During the visit, Vice President Shettima will participate in the official launch of Ethiopia’s Green Legacy Programme, a flagship environmental initiative.
The programme designed to combat deforestation, enhance biodiversity, and mitigate the adverse effects of climate change targets the planting of 20 billion tree seedlings over a four-year period.
In line with strengthening bilateral ties in agriculture and industrial development, the Vice President will also embark on a strategic tour of key industrial zones and integrated agricultural facilities across selected regions of Ethiopia.
VP Shettima Arrives In Ethiopia For Official State Visit
At Launch Of Ethiopia’s GLI, VP Shettima Urges Practical Action Against Climate Change
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