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Global Emission: ActionAid Calls for Cancellation of Nigeria, Other Developing Countries Debt
Global Emission: ActionAid Calls for Cancellation of Nigeria, Other Developing Countries Debt
By: Michael Mike
ActionAid Nigeria (AAN) has called for the cancellation of Nigeria’s foreign debt as well as that of other African countries to appease for the damage done by global emission.
The Country Director of AAN, Mr Andrew Mamedu made the call at the weekend in Abuja, while noting that in reality African countries as well as other developing countries across the globe are not owing any debt but rather they are owed by developed countries and the Global North.
Mamedu, while calling for conversation around compensation for global emission, expressed concern about the disparity in the interest rate charges on loans between the low income earners and developed countries.
He said the amount agreed to be paid by developed countries for global emission should be redistributed to disadvantaged countries.
He stressed that the Global North is indebted to the developing countries and should be made to pay.
Mamedu argued that climate change is real and we should be pushing for climate justice, which means that the countries responsible for depletion of the ozone layer and subsequent climate change
should be made to pay for their damage.
He said: “So with the global emission conversation, there’s an agreement that for global emission, there’s a specific . that each country should pay, and this amount that is being paid should be redistributed to countries that are disadvantaged. “And surprise you to note that the Global North contributes over 97% of global emission. So with that calculation, with what, for instance, I’ll pick a country like the United States.
“What the United States is currently doing in terms of global emission, the United States has up to 80 trillion dollars that it owes for global emission. But if you project it between now and 2050, so between 1960 to 2050, the United States alone has about 80 trillion dollars. And with that projection, countries like Nigeria, if Nigeria is projected to what Nigeria would get, Nigeria would get 9.9 trillion dollars as payback.
“So look at the calculation, Nigeria is owing about 50 billion dollars, right? But for our climate emission, Nigeria is supposed to then get paid 9.9 trillion dollars between 1960 and now. So the question is, who is owing who? I think we need to sit down on the roundtable and renegotiate this.
“It is unacceptable that, particularly the Global North, the high-income countries, they also are indebted because of the level of risk.”
On the disparity issue of interest rate charged between the developed and developing countries, Mamedu said: “So a country like Germany pays an interest rate of 0.8 percent. Why is a country like Nigeria charged 2 to 3 percent? “You see the difference for their own same loan that we have taken. And what that means is, it is affecting the money’s amount available for our social sector, from education to health, to water, and housing.
“So the social sector is affected. Women, agriculture, young persons are affected. We are not able to have adequate resources to run this.
“So we need to come back to the negotiation table and look at these loans that Nigeria and African countries, not just Nigeria, particularly African countries, how do we come to a point where those loans are cancelled? Or secondly, the issue of the rates that are paid in servicing those loans. Are they fair to the countries? And thirdly, the issue of global emission, the amount that is owed by these countries, the developed countries, the countries that are emitting more, like the United States is top on that list.”
He said that: “By the time you see the full reports, there’s a whole report, huge analysis around this, that shows that we are not the ones in debt. Actually, it’s those countries that are indebted to us and we are happy to sit on the table to start discussing this. Enough of this whole neocolonialism mentality, enough of this new agenda.
“So climate change is real. Climate justice for us is what we are pushing for. And part of climate justice is that the global emission that people are responsible for should be paid for.
“And if they are being paid for, those countries that are suffering from it, which are those in the global South, like us, we should be benefiting. And we can then categorically say that they owe us, 9.9 trillion dollars. And we should start thinking of how they will pay that amount between now and 2050. “
Global Emission: ActionAid Calls for Cancellation of Nigeria, Other Developing Countries Debt
KARAN Appeals for Support for the ministry of Livestock Development
By: Michael Mike
The Kulen Allah Cattle Rearers Association of Nigeria (KACRAN) has appealed to President Bola Tinubu to urgently support the Ministry of Livestock Development in getting its office ready.
The association decried that nearly eight months after the establishment of this crucial ministry, the renovation of the permanent office allocated to it for its operations is yet to be started, noting that this delay has impeded the
implementation of essential policies and programmes aimed at promoting the livestock sector and its value chains across Nigeria.
KACRAN, in a statement on Saturday, signed by its National President, Hon. Khalil Bello said: “When the Ministry was established on July 9, 2024, we, Nigeria’s pastoralists, viewed it as a long-awaited answer to our prayers and a significant step towards addressing over 50 years of
neglect in the livestock sector.
“However, the lack of progress since then has been disheartening, preventing the Ministry from fulfilling its critical role in ensuring food security and contributing to
the national economy.
“Currently, the Ministry functions more as a Directorate of Animal Husbandry Services, lacking the resources and infrastructure necessary for it to operate independently and effectively.
“Despite the critical nature of its mission, the allocated office space/building remains unrenovated and a timeline for starting the renovation or completion has not been provided. This situation severely hampers the ability of the Honorable Minister, Permanent Secretary, Directors and staff to coordinate effectively and execute
their responsibilities.
“Moreover, the financial resources allocated to the Ministry for the 2025 fiscal year are
insufficient for the Ministry to achieve its objectives.
“KACRAN is deeply concerned that without immediate attention to these challenges, the foundational goals of the Ministry will remain unattainable. As the political landscape evolves, it is vital that the focus remains on policy timely implementation rather than allowing the future of this very important Ministry to be muddling through uncertainties.
“We urge President Bola Ahmed Tinubu to prioritize the renovation and operation of the Ministry’s office so that the Honourable Minister and staff can effectively promote and develop the livestock sector.
Additionally, we implore the President to invest significantly in the livestock
sector, for enabling the Ministry to actively engage in ensuring food security, enhancing the nation’s GDP, and reducing heavy reliance on imported milk and food products, which costs Nigeria billions of
dollars annually.
“Finally, KACRAN expresses gratitude to President Tinubu for appointing Professor Muhammadu Attahiru Jega as an Advisor on Presidential Livestock Reform Programmes. We hope that under his
guidance, the Ministry can achieve its goals and bring tangible benefits to Nigeria’s pastoralists and the wider population.”
KARAN Appeals for Support for the ministry of Livestock Development
Armed Robbers Kill Watchman, Injure Another in Katsina School Attack
By: Zagazola Makama
Armed robbers attacked Government Secondary School Yashe in Kusada Local Government Area of Katsina State, killing one night watchman and injuring another before escaping with a solar inverter.
Intelligence sources told Zagazola Makama that the attack occurred at about 5:00 a.m. when the hoodlums stormed the school and assaulted the security guards with machetes.
One of the watchmen, Abdullahi Sanusi, 50, died on the spot, while his colleague, Aliyu Ahmed, 65, sustained serious injuries and was rushed to Kankia General Hospital for treatment.
Armed Robbers Kill Watchman, Injure Another in Katsina School Attack
Police, Security Operatives Foil Kidnap Attempt in Kaduna EX LGA Chairmans home
By: Zagazola Makama
Security operatives in Kaduna have rescued a former Executive Chairman of Kaura Local Government Area, Seimon Matthias, from a kidnap attempt at his Kagoro residence.
Intelligence sources told Zagazola Makama that the attack occurred on February 14 at about 11:00 p.m. when an unspecified number of kidnappers stormed Matthias’ residence, shooting sporadically in an attempt to abduct him.
However, the sound of gunfire attracted the attention of police officers and other security operatives stationed nearby, leading to a fierce exchange of fire.
The assailants, overwhelmed by superior firepower, abandoned their victim and fled to the mountains.
Police said the victim was rescued unhurt, and a joint operation involving the Army and Kaduna Vigilante Service (KadVS) was ongoing to flush out the criminals from the surrounding bush areas.
Police, Security Operatives Foil Kidnap Attempt in Kaduna EX LGA Chairmans home
KARAN Appeals for Support for the ministry of Livestock Development
Armed Robbers Kill Watchman, Injure Another in Katsina School Attack
Police, Security Operatives Foil Kidnap Attempt in Kaduna EX LGA Chairmans home
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