Connect with us

News

ECONOMIC DIVERSIFICATION

Published

on

ECONOMIC DIVERSIFICATION:

We’ll Prioritize Digital Technology, Clean Energy, Others Under Tinubu – VP Shettima

By: Our Reporter

Vice President Kashim Shettima has said Nigeria’s huge potentials in digital technology, the outsourcing industry and the clean energy sector will continue to incentivize investments in its energy transition plan and agenda to diversify the economy.

He stated this on Monday when he received Denmark’s Minister for Development Cooperation and Global Climate Policy, Mr Dan Jorgensen, on a courtesy visit to the presidential villa.

Shedding light on Nigeria’s climate objectives under the administration of President Bola Ahmed Tinubu, the Vice President noted that investments in digital technology, clean energy and other sectors had become a priority as a result of the dwindling fortunes of the oil economy.

Sen. Shettima said, “We are facing challenges but where there is a will, there is a way. The President is a man imbued with passion, intellect and capacity to lead the nation on the path of prosperity and progress. He really wants to bring a new lease of life to the Nigerian nation because if Nigeria works, Africa works.

“Oil will still be relevant because of its other derivatives for the next decades but as the primary driver of the economy, the role of oil will diminish in the coming years. This is why it is a priority for us to think out of the box to find alternatives. This is why we are looking for investments in digital technology, clean energy and other sectors. We have a lot of opportunities for partnership and collaboration.”

VP Shettima identified the strength of Nigeria’s population as a huge resource for the transformation of Africa, noting that the continent’s transformation could be fast-tracked by green and sustainable energy.

Soliciting the support of the Danish Government and the Global Centre on Adaptation for Africa and Nigeria’s Climate Action, the VP maintained that “once there is sustainable energy, the people of the continent will key into Africa’s development aspirations.

“So, I will solicit your understanding and support to save Africa,” he added, stating that the support of the Centre is necessary to accelerate climate action and fast-track adaptation to solutions, focusing on the most vulnerable people in Africa.

The Vice President commended Denmark for its leading role in global climate action, while soliciting the support of the government of that country.

“With our shared humanity, we are facing real existential threats but we are very proud of Denmark because of its climate consciousness. You are doing well. There is room for us to have a mutually beneficial partnership,” he stated.

VP Shettima further delved into the political instability in parts of West Africa, saying Nigeria has taken a firm position against military coups and to defend the cause of democracy and human rights, noting that “Nigeria is actually the beacon of hope and stability in a turbulent region.”

Earlier, the Danish Minister for Development Cooperation and Global Climate Policy, Jorgensen, expressed his admiration for Nigeria’s leadership and commitment to climate sustainability.

He noted that Nigeria’s leadership role in addressing regional stability and its commitment to a just energy transition present significant opportunities for further collaboration between Denmark and Nigeria.

“We cherish the relationship between Denmark and Nigeria very highly. We are extremely impressed with the agenda of the new administration. You are definitely showing leadership in the way you are facing the challenges of your country,” Jorgensen said.

Emphasising the shared understanding between Denmark and Nigeria on the importance of climate action, he said, “We also share a common understanding that common understanding and climate sustainability is a political question that is not only noble but also working.”

The Danish Minister commended Nigeria’s stability and positive influence in a region often facing challenges. “I also want to commend Nigeria for being a stable country doing a lot of positive difference in a region that is sometimes challenging,” he stated.

Jorgensen drew a stark contrast between Nigeria’s stability and the recent coup experienced in neighboring Niger, saying, “Just six months ago, I visited Niger Republic and we signed a memorandum of understanding with the President; only for a few weeks later, the country experienced a coup.”

Applauding Nigeria’s role in advocating for the restoration of civilian rule in Niger, he said, “We definitely commend Nigeria’s role in trying to put pressure on the coup leaders with regards to reinstating the civilian government”.

He expressed optimism about the future of collaboration between Denmark and Nigeria on energy transition, citing the memorandum of understanding to be signed between the two countries, just as he emphasised the importance of ensuring a just transition in the shift towards renewable energy sources.

“At the core of this is the question of how do we make this a just transition; how do we make sure that the people that are dependent on oil and gas don’t lose their jobs there?” He inquired.

To ensure a just transition, Jorgensen advocated a regular assessment of the needs of vulnerable groups, stressing that “the needs of poor, vulnerable and marginalized groups must be assessed regularly to ensure reliable access to clean energy at affordable prices”.

He implored Vice President Shettima to ensure that the memorandum of understanding is signed to serve as a framework for future collaboration between Norway and Nigeria on energy transition.

Also speaking, Nigeria’s Minister of Art, Culture and Creative Economy, Hannatu Musawa, said the ministry is using messaging to take forward a lot of the initiatives that the government has put on ground.

“When we talk about climate change, we should be responsible enough to keep the preservation of the world for the next generation to benefit from it.

“Climate change is at the very top of our agenda as a government, especially now that Nigeria is at the precipice of being at the very top. We want to see how Nigeria and the Danish government can have cross-collaboration in this regard and also intercultural collaborations,” she said.

Present at the meeting were Amb. Sune Krogstrup, Canadian Ambassador to Nigeria; Amb. Ole Thonke, Understand-Secretary of State; Sandra Sichlau, Private Secretary to the Minister; Mr Ketil Karlsen, Head of Africa Department and Ida Krogh Mikkelsen, Special Adviser, among others.

ECONOMIC DIVERSIFICATION

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

One killed, five injured during violent clash at peace meeting in Plateau

Published

on

One killed, five injured during violent clash at peace meeting in Plateau

By: Zagazola Makama

A peace meeting between local residents and Fulani community members in Pankshin Local Government Area of Plateau State turned violent on Thursday, leaving one person dead and five others injured after youths allegedly attempted to disarm soldiers deployed to maintain security during the engagement.

Security sources told Zagazola Makama that the incident occurred at about 3:00 p.m. on May 7 at Mier village, where troops of Sector 8 under Operation Enduring Peace (OPEP), deployed at Fier guard post, had organised a stakeholders’ meeting aimed at easing tensions between locals and Fulani residents in the area.

The sources said the meeting was part of ongoing confidence-building and peace restoration efforts by security forces following recent incidents of communal violence, cattle rustling, reprisal attacks, and growing mistrust between farming and pastoral communities across parts of Plateau State.

According to the sources, the meeting was progressing peacefully before a group of agitated youths reportedly became hostile and attempted to forcefully seize the rifles of two soldiers providing security at the venue.

“The situation suddenly turned violent when some youths moved aggressively toward the troops and attempted to disarm two soldiers,” a security source said.

The source added that amid the struggle and confusion, one of the soldiers discharged his weapon in self-defence to prevent the mob from overpowering the troops.

Following the incident, one local resident sustained fatal injuries and was later confirmed dead, while four other civilians and one soldier were injured during the confrontation.

The injured persons were immediately evacuated to nearby medical facilities for treatment, while the corpse of the deceased was deposited at the General Hospital morgue in Pankshin.

Security operatives subsequently reinforced the area to prevent further breakdown of law and order, while efforts were intensified to calm tensions among residents.

The four youths who attacked the soldiers were arrested.

The latest violence occurred amid heightened security concerns and recurring communal clashes across Plateau State, where troops of Operation Enduring Peace have continued to conduct patrols, peace engagements, arrests, and intelligence-driven operations to contain reprisals and attacks involving armed militias, bandits, and cattle rustlers.

Military and community leaders have repeatedly urged residents to avoid taking the law into their hands and to cooperate with security agencies to sustain peace efforts across the state.

One killed, five injured during violent clash at peace meeting in Plateau

Continue Reading

News

ISWAP suffer losses after failed attack on Buni Gari

Published

on

ISWAP suffer losses after failed attack on Buni Gari

By: Zagazola Makama

ISWAP terrorists suffered heavy losses in the early hours of Thursday after troops of Operation HADIN KAI repelled an attack on Headquarters 27 Brigade, Buni Gari, and a nearby checkpoint in Yobe State.

The terrorists had launched a coordinated assault at about 2:00 a.m. from multiple directions but were stopped by troops who held their ground and responded with superior firepower.

The Media Information Officer of the Joint Task Force North East, Operation HADIN KAI, Lt.-Col. Sani Uba, said the attackers were forced to retreat after coming under intense resistance.

He said several of the terrorists were neutralised during the encounter, while others fled with injuries.

“Exploitation of the general area confirmed the recovery of terrorist corpses and weapons in bushes and along withdrawal routes,” Uba said.

He added that traces of blood were found along escape routes, indicating that the fleeing attackers sustained significant injuries.

Uba explained that air support from the Air Component Command provided surveillance coverage during the operation, helping troops track movement of retreating fighters.

He said precision air interdiction was also carried out on confirmed fleeing elements, further increasing the losses suffered by the attackers.

Recovered items include AK-47 rifles, machine guns, RPG tubes, ammunition, magazines and other military-grade weapons used in the failed assault.

He said troops, working with hybrid forces, are continuing clearance operations in the area to prevent regrouping of the attackers.

Uba also confirmed that two soldiers died during the encounter, while wounded personnel are receiving treatment and are in stable condition.

He said Operation HADIN KAI remains committed to sustaining pressure on terrorist groups and denying them freedom of action in the North-East.

ISWAP suffer losses after failed attack on Buni Gari

Continue Reading

News

Cuba Slams New US Sanctions as ‘Economic Warfare,’ Warns of Deepening Humanitarian Crisis

Published

on

Cuba Slams New US Sanctions as ‘Economic Warfare,’ Warns of Deepening Humanitarian Crisis

By: Michael Mike

The government of Cuba has accused the United States of escalating economic warfare against the island nation following a sweeping new executive order and fresh sanctions that Havana says could worsen an already severe humanitarian and economic crisis.

In a strongly worded statement issued Thursday in Havana, Cuba’s Ministry of Foreign Affairs condemned the May 1, 2026 Executive Order signed by the White House, describing it as one of the harshest measures imposed against the communist nation in decades.

The Cuban government also denounced a subsequent decision by the United States Treasury Department on May 7 to place Cuban conglomerate Gaesa and mining company MoaNickel S.A. on the List of Specially Designated Nationals, effectively cutting them off from the American financial system and exposing foreign businesses dealing with them to possible secondary sanctions.

Havana described the move as a “ruthless act of economic aggression” aimed at tightening the long-standing United States blockade against Cuba and isolating the country from global trade and financial networks.

According to Cuban authorities, the latest measures threaten to deepen the island’s economic hardship at a time when the country is already battling chronic shortages of fuel, food, medicine and foreign exchange.

The Foreign Ministry argued that the sanctions go beyond bilateral relations between Washington and Havana by attempting to punish foreign companies, banks and governments that maintain economic ties with Cuba.

“The sovereign right of all states that have or wish to maintain economic, commercial and financial relations with Cuba is being explicitly attacked,” the statement declared.

Cuba accused senior United States officials, particularly the Secretary of State, of using intimidation and political pressure to force the international community into compliance with the blockade policy.

The statement further alleged that the new measures were intended to provoke economic collapse and social unrest within Cuba.

Havana warned that worsening economic pressure could create conditions for instability and potentially serve as justification for more aggressive actions against the island.

The Cuban government also accused Washington of attempting to manufacture a humanitarian crisis capable of triggering political upheaval.

The latest confrontation marks another sharp downturn in relations between the two Cold War-era adversaries whose ties have fluctuated between cautious engagement and hostility over the last six decades.

The United States first imposed trade restrictions on Cuba in the early 1960s following the Cuban Revolution led by Fidel Castro and the subsequent nationalisation of American-owned assets on the island. Relations deteriorated rapidly after Cuba aligned itself with the former Soviet Union during the Cold War.

In 1962, Washington formalised a broad economic embargo against Cuba, arguing that the measures were necessary to pressure Havana toward democratic reforms and respect for human rights.

Over the decades, the sanctions evolved into one of the world’s longest-running economic blockade regimes, affecting trade, banking, investment and travel.

Although there were signs of rapprochement during the administration of former President Barack Obama — including the restoration of diplomatic relations and the easing of some restrictions — many sanctions were later reinstated and expanded under subsequent administrations.

In recent years, Cuba has faced mounting economic difficulties caused by declining tourism revenues, inflation, fuel shortages and limited access to international credit markets.

The Cuban government has consistently blamed the United States embargo for worsening living conditions on the island, while Washington maintains that Havana’s centrally controlled political and economic system is primarily responsible for the country’s struggles.

The renewed sanctions are expected to intensify debates within the international community, where many countries and global organisations have repeatedly called for an end to the embargo.

For more than 30 consecutive years, the United Nations General Assembly has overwhelmingly voted in favour of resolutions urging the United States to lift its economic blockade against Cuba, describing the measures as harmful to ordinary citizens and contrary to international law.

Despite the growing pressure, both governments remain firmly entrenched in their positions, raising fears that tensions between Havana and Washington may continue to escalate in the coming months.

Cuba Slams New US Sanctions as ‘Economic Warfare,’ Warns of Deepening Humanitarian Crisis

Continue Reading

Trending

Verified by MonsterInsights