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EBID Launches ESG Financing Framework

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EBID Launches ESG Financing Framework

By: Michael Mike

The ECOWAS Bank for Investment and Development (EBID) has published its inaugural Environmental, Social, and Governance (ESG) Financing Framework, signalling its commitment to sustainable development and green financing of key projects in priority sectors.

The Framework, which has received a positive assessment from ISS Corporate Solutions, will play a crucial role in linking EBID’s resource mobilization strategy with its objectives of promoting resilient, inclusive, and sustainable growth in its member states.

A statement from the bank quoted it’s President and Chairman of the Board of Directors, Dr George Agyekum Donkor as saying: “We are thrilled to launch our ESG Financing Framework and receive this positive assessment from ISS ESG Solutions,” he added that: “EBID is committed to leading the charge for green financing in the ECOWAS region and fostering the emergence of an economically strong, industrialized, and prosperous West Africa. This Framework will allow us to structure and execute ESG-related funding transactions that support the deployment of capital outlined in our Strategic Plan 2021-2025.”

According to him, “EBID’s ESG Financing Framework includes four green project categories and seven social project categories, all of which have been assessed as generating a positive contribution to sustainability”, with no project categories assessed as having “no net impact” or having a lower assessment.

The ISS Second-Party Opinion, published alongside the Framework, highlights the Bank’s commitment to the Sustainability and Development Goals (SDGs) and its objectives of promoting economic integration, healthcare delivery, social protection, and climate resilience.

The publication of the ISS Second-Party Opinion demonstrates EBID’s commitment to sustainable development and provides greater transparency on the actions it is taking to foster sustainable growth in its member states. With its balance sheet size set to increase by 80% over the next five years, EBID is well-positioned to make a positive impact on the ECOWAS region and become the leading regional investment and development bank in West Africa.

Donkor said: “We are proud to play a role in supporting EBID’s ESG initiatives and the positive impact they will have on the ECOWAS region,” said ISS Corporate Solutions. “This Framework is a testament to EBID’s commitment to sustainable development and demonstrates their position as a leader in green financing in the region.”

The statement said EBID was advised by Rothschild & Co on the structuring of the Sustainable Finance Framework and on the Second Party Opinion review process.

EBID is a leading regional investment and development bank, owned by the fifteen (15) ECOWAS Member States, namely, Benin, Burkina Faso, Cape Verde, Côte d’Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo. Based in Lomé, Togolese Republic, the Bank is committed to financing developmental projects and programmes covering diverse initiatives from infrastructure and basic amenities, rural development and environment, industry, and social services sectors, through its private and public sector windows. EBID intervenes through long, medium, and short-term loans, equity participation, lines of credit, refinancing, financial engineering operations and related services.

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Eid-el-Kabir: IPCR Calls on Nigerians to Peace, Harmony

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Eid-el-Kabir: IPCR Calls on Nigerians to Peace, Harmony

By: Michael Mike

Institute for Peace and Conflict Resolution (IPCR) has called on Nigerians to promote peace and harmony in their communities, recognizing that peace is essential to national development and progress.

The advice was given by the Director General of the Institute for Peace and Conflict Resolution (IPCR), Dr. Joseph Ochogwu, in his message on Eid-el-Kabir.

The Institute, while extending warm greetings to Nigerians, wished them a joyous and peaceful celebration, marked by love, compassion, and unity.

The Institute while noting that Sallah is a significant occasion in the Islamic calendar, symbolizing the values of sacrifice, gratitude, and community, emphasized that the spirit of Sallah should guide Nigerians in their interactions with one another, fostering a culture of peace, tolerance, and understanding.

The IPCR urged Nigerians to promote peace and harmony in their communities, recognizing that peace is essential to national development and progress, while
encouraging individuals to embrace the values of Sallah, including forgiveness, empathy, and kindness, in their daily lives.

According to IPCR, peace is critical to promoting national stability and cohesion.

The Institute also urged Nigerians to use this period of Sallah celebration to address conflicts and promote dialogue, which could help to build trust and understanding among Nigerians and also contribute to a more peaceful society.

It recognized that the country’s many ethnic and religious groups can work together to build a more harmonious society, celebrating their differences and promoting a culture of tolerance.
End

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Community Leader Seeks Tinubu’s Urgent Intervention in Incessant Plateau Killing

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Community Leader Seeks Tinubu’s Urgent Intervention in Incessant Plateau Killing

By: Michael Mike

A community leader and the Waziri Mushere of Bokkos Local Government Area of Plateau State, Chief Yohana Margif has expressed dismay over the incessant killing of innocent citizens of the community.

Margif made this known in an interview with journalists on Thursday in Abuja.

He called on President Bola Tinubu to urgently intervene to halt what he described as genocide against the people, which he said was being perpetrated by suspected herdsmen.

Margif also called on Malam Nuhu Ribadu, the National Security Adviser, and other security chiefs in the country, to rein in the alleged culprits.

He said: “I would like to draw the attention of the topmost leadership in Nigeria to the deteriorating dire security situation in Plateau, particularly in Mushere Chiefdom of Bokkos LGA.

“I urge President Tinubu to take immediate decisive action to halt these endless and senseless killings, protect lives and properties, and secure the future of the Mushere people, and other victims of obvious genocide against the people.

“Herdsmen are killing our innocent people, burning their homes, looting their foodstuff, property, livestock, and taking over their ancestral lands,” he said.

According to the Abuja-based real estate mogul, the attacks and attendant killings have intensified recently since the onset of this year’s farming season.

Margif further said that the people had been displaced from their villages and ancestral homes and were forced to become internally displaced persons in the country.

He emphasised that the situation required immediate intervention by all stakeholders in order to prevent further escalation and inflict an irredeemable harm by wiping out the entire community from the surface of the earth.

He lamented that: “Since President Tinubu’s administration began, Plateau State has witnessed an unprecedented escalation of violence and loss of lives.

“This is the current sad reality. Our people are constantly under the threat of the enemy’s bullets and can’t sleep with two eyes closed due to the perpetual unleashing of violence against them by external forces.

“Something urgent must be done to stem the tide of violence and end this war against the people in order not to
harm this administration’s reputation,” Margif said.

In the past couple of days, suspected herdsmen militia killed no fewer than 35 people in the localities of Hokk, Pangkap, Fokoldep, Kopmur, Margif, Horop, Mbor, Mushere and Kwahas localities in Mushere Chiefdom.

Chairman, Bokkos Community Peace Observers, Kefas Mallai, who confirmed the killings to newsmen, said the victims included a 70-year-old Pastor of COCIN LCC Kwakas-Mushere, Mimang Lekyil, who was attacked and killed in the church.

He said that the pastor’s wife was also shot in the leg and was admitted at the Jos University Teaching Hospital for treatment, he said.

“Bokkos has never been this insecure, with the people being butchered as we are currently witnessing,” Lilian Madaki, from the Mushere community told journalists.

The Commissioner of Police in the state, Emmanuel Adesina, also confirmed the incident in a statement saying security forces including police and military personnel, had been deployed in the affected communities.

Community Leader Seeks Tinubu’s Urgent Intervention in Incessant Plateau Killing

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VP Shettima Leads Mourners At Funeral Prayers For Late Prof. Jibril Aminu

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VP Shettima Leads Mourners At Funeral Prayers For Late Prof. Jibril Aminu

** Says Nigeria has lost an intellectual giant

By: Our Reporter

Vice President Kashim Shettima today led other Muslim faithful for the Jana’iza (funeral prayers) of the late elder statesman, renowned medical scholar and former Minister of Education and Petroleum, Prof. Jibril Aminu, at the National Mosque in Abuja.

Prof. Aminu, a one-time President of the African Petroleum Producers’ Organisation (OPEC), passed on in Abuja on Thursday after a prolonged illness.

The Vice President, who arrived at the National Mosque at 1:52 pm, commiserated with the family of the deceased and prayed Allah to comfort them and make Aljanna Firdaus the final abode of the late elder statesman.

Noting that the late Prof Aminu’s demise is a great loss to the nation, VP Shettima described the late surgeon, educationist and administrator as a man who saw it all, just as he said the deceased was an intellectual giant who can hardly be replaced.

“It is a very sad loss. Prof Jubril Aminu was the last of the great titans, an iconic figure who enormously contributed to the development of the nation.

“He was variously the Executive Secretary of NUC, Vice Chancellor of the University of Maiduguri and Honourable Minister of various ministries across the country and left his landmarks on the sands of time.

“He is irreplaceable. May Allah grant him Aljanatul Firdaus and give the family the fortitude to bear the irreparable loss. His loss is not just to the good people of Adamawa State but to the nation and Africa at large,” the Vice President prayed.

Born in Song, Adamawa in 1939, Prof. Aminu was a towering figure in Nigerian public life.

The late Consultant Cardiologist served the nation in different capacities, including as Federal Minister of Education and later Federal Minister of Petroleum and Mineral Resources (1989–1992), Ambassador of Nigeria to the United States (1999–2003), and Senator representing Adamawa Central (2003–2011).

He was also President of OPEC in 1991 and President of the OPEC Conference between 1991 and 1992 while he was Petroleum Minister.

Other mourners who joined the Vice President at the National Mosque in Abuja for the Jana’iza included former Vice President Atiku Abubakar; National Security Adviser, Nuhu Ribadu; Special Adviser to the President on General Duties (Office of the Vice President), Dr. Aliyu Modibbo; former Secretary to the Federal Government, Yayale Ahmed; former Governor of Adamawa State, Admiral Murtala Nyako; former Governor of Gombe State, Senator Danjuma Goje; former Chief of Army Staff, General Tukur Buratai (rtd); former Minister of Education, Professor Tahir Mamman; former Minister of State for Health, Dr. Aliyu Idi Hong, among many others.

VP Shettima Leads Mourners At Funeral Prayers For Late Prof. Jibril Aminu

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