Connect with us

News

This Is A Great Time To Invest In Nigeria, VP Shettina Tells Islamic Devt. Bank

Published

on

This Is A Great Time To Invest In Nigeria, VP Shettina Tells Islamic Devt. Bank

  • Says President Tinubu reforms creating conducive environment for investments

By: Our Reporter

The Vice President, Senator Kashim Shettima, has said it is currently a great time to invest in Nigeria, as the administration of President Bola Ahmed Tinubu has addressed most of the grey areas that hitherto served as disincentives to investors.

According to him, the foundation laid by the Renewed Hope administration through critical reforms in key sectors of the economy is creating the right environment for investments in Nigeria.

The Vice President stated this on Tuesday when he received on a courtesy visit to the Presidential Villa, a delegation from the Islamic Development Bank (IsDB) led by the Head of its Regional Hub, Mr Hammad Hundal.

“It is an exciting opportunity to invest in Nigeria. The administration of President Bola Ahmed Tinubu has created the enabling environment and is still doing so by addressing most of the grey areas that hitherto served as a disincentive. So, this is a great time to invest in Nigeria,” he said.

Senator Shettima pointed out that with well-thought-out interventions in human capital development, nutrition, agriculture, health, education and promotion of digital trade, the administration has demonstrated commitment in addressing challenges in the critical sectors.

“This administration is poised to address the challenges that we have in key areas of human capital development, financial inclusion, infrastructure and nutrition. In fact, we have no option but to address most of these issues, and we will continue to act in the right direction,” he maintained.

The Vice President applauded Nigeria’s partnership with the Islamic Development Bank, noting that both entities are based primarily on the country’s national interest.

He urged IsDB to continue on the path already laid through its support for key government programmes such as the Special Agro-Processing Zones (SAPZ) programme, the i-DICE project and other initiatives, including the development of a Halal economy in the country.

He continued: “Let us cross-pollinate ideas and come up with a design for your Country Engagement Framework (CEF). I want you to record in your Country Engagement Framework, the development of a Halal economy, promotion of digital trade, financial inclusion and other areas. I urge closer collaboration to enable us to address some of these challenges.”

Senator Shettima further noted that the bank’s programmes in Nigeria aligned with the Renewed Hope Agenda of President Tinubu across different sectors.

He called for improved support from the bank in areas of agriculture, human capital development, gender inclusion, investment in education and health infrastructure, and nutrition.

Earlier in his remarks, the IsDB’s head of regional hub in Abuja, Mr Hundal, said the bank was committed to scaling up its intervention through a holistic review of its Country Engagement Framework (CEF) in Nigeria to prioritise key aspects of the agenda of President Tinubu.

He identified key areas of its intervention in the country, including economic infrastructure, support for the private sector, energy security, and the i-DICE programme.

The highpoint of the meeting was the presentation of the bank’s Country Engagement Framework (CEF) to the Vice President by its Country Economist, Dr Obioma Asuzu.

The CEF highlights key broad strategic objectives of boosting recovery, tackling poverty and building resilience, and driving green economic growth.

She said the IsDB CEF for Nigeria is driven by the country’s national priorities, partnerships with critical stakeholders, and resource mobilisation.

This Is A Great Time To Invest In Nigeria, VP Shettina Tells Islamic Devt. Bank

Continue Reading
Click to comment

Leave a Reply

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

News

Fubara Swears in 12 Permanent Secretaries, Tasks Them on Integrity, Service

Published

on

Fubara Swears in 12 Permanent Secretaries, Tasks Them on Integrity, Service

By: Michael Mike

Rivers State Governor, Sir Siminalayi Fubara, on Wednesday swore in 12 new Permanent Secretaries, charging them to uphold the oath of office, demonstrate integrity, and provide selfless leadership as they assume the highest managerial positions in the state civil service.

The governor said the appointments were not rewards or avenues for personal enrichment but a call to serve the people of Rivers State with fairness, professionalism and unwavering loyalty to both the state and the Federal Republic of Nigeria.

Speaking during the swearing-in ceremony held at the Executive Council Chambers of the Government House in Port Harcourt, Fubara reminded the appointees that the oath they had just taken should remain the guiding principle of their conduct throughout their tenure.

“I do not have any other charge. The charge is the oath you’ve taken. The oath spells it out. Do right to all—every man and woman. Do right to your state and do right to the Federal Republic of Nigeria,” the governor declared.

Those sworn in included Mr. Freddy Ndigbara, Mrs. Fortune Akpila, Dr. Promise Oguzie, Mrs. Ibisoye Lolomari Nwankwo, Mrs. Ibiyemibara Joseph Uzoma, Mrs. Mercy Dagogo Iboroma, Dr. Vincent Worgu Wachukwu, Mr. Ifeanyi Anthony Ogboma, Dr. Mina Gogo Jim-Jaja, Mr. Henry Uzor, Mr. Chimenum Anebo Mpi and Dr. Mina Tele Ikuru.

The oath of office was administered by the Deputy Chief Registrar (Administration) of the Rivers State High Court, Magistrate Betty Sunny-Hart.

Fubara described the appointments as an elevation to the pinnacle of the state’s civil service hierarchy, noting that permanent secretaries occupy strategic positions that determine the efficiency and effectiveness of government ministries.

According to him, the appointees must provide the leadership needed to improve governance and strengthen public service delivery across the state.

“It is a call to service. You are the heads of your ministries, wherever you may be sent. You are at the peak of the managerial cadre of the civil service, the highest of our service. You are at the head, so you need to do the work as somebody who is at the head.

“So, I believe that your coming on board will bring changes and effectiveness to the system,” he said.

The governor further urged the officials to build institutions that would endure beyond the lifespan of his administration, stressing that effective governance is measured by continuity and the ability of successive administrations to build on established foundations.

“When we are done with our own, I believe that your good work will help whoever is coming to take over from us to also continue with the good work in our dear state,” he added.

He congratulated the newly appointed permanent secretaries and wished them success in the discharge of their responsibilities.

The appointment comes as the Fubara administration continues efforts to reposition the Rivers State civil service for greater efficiency amid ongoing reforms aimed at improving governance, policy implementation and service delivery. Permanent secretaries, as accounting officers and chief administrative heads of ministries, play a pivotal role in translating government policies into programmes and ensuring continuity in public administration irrespective of political transitions.

Fubara Swears in 12 Permanent Secretaries, Tasks Them on Integrity, Service

Continue Reading

News

Pandemic Preparedness Model Flawed as Study Identifies Inequality as Biggest Killer

Published

on

Pandemic Preparedness Model Flawed as Study Identifies Inequality as Biggest Killer

By: Michael Mike

A major international study has challenged decades of global health policy, concluding that economic inequality—not the strength of a country’s laboratories, emergency plans or healthcare infrastructure—is the strongest predictor of how severely nations suffer during pandemics.

The findings, published in the New England Journal of Medicine by a team led by Nobel Prize-winning economist Joseph Stiglitz and other leading global health experts, argue that governments must fundamentally rethink pandemic preparedness by placing inequality at the centre of health security strategies.

The research, conducted by the Global Council on Inequality, AIDS and Pandemics, found that countries traditionally ranked among the world’s best prepared for pandemics, including the United States and the United Kingdom, recorded some of the highest COVID-19 infection and death rates despite their advanced medical systems.

By contrast, countries with lower conventional preparedness rankings but relatively lower levels of inequality, such as Vietnam and Ethiopia, performed significantly better in containing the pandemic.

The researchers found no meaningful link between traditional pandemic preparedness indicators and actual outcomes during COVID-19 or the AIDS pandemic. Instead, they identified income inequality as the clearest predictor of deaths and infections.

According to the analysis, every one-point increase in a country’s Gini coefficient—the standard measure of income inequality—was associated with approximately 12.5 additional COVID-19 deaths per 100,000 people. The same relationship was observed for AIDS-related deaths and new HIV infections, even after accounting for poverty levels and existing health infrastructure.

The report argues that inequality weakens public health responses by limiting people’s ability to comply with health measures, reducing trust in public institutions and creating unequal access to healthcare services.

It warns that over 90 per cent of the world’s population now lives in countries experiencing high levels of income inequality—the highest since the Industrial Revolution—making the global community increasingly vulnerable to future pandemics.

To reverse the trend, the researchers proposed an “Inequality-Informed Pandemic Preparedness and Response” framework that shifts attention beyond hospitals and laboratories to broader economic and social policies.

Among their recommendations are expanding paid sick leave, unemployment benefits and cash transfers during health emergencies; integrating finance, labour and education ministries into pandemic planning; reforming global financial systems through emergency debt relief and automatic international funding; and promoting open licensing of publicly funded medical research alongside expanded regional production of vaccines and medicines.

Joseph Stiglitz, Nobel Laureate in Economics and Co-Chair of the Global Council, said the findings expose fundamental weaknesses in the world’s current approach to pandemic preparedness.

“For decades the world judged how ready a country is for a pandemic by counting its laboratories, stockpiles and response plans. This research shows that this is not enough. High economic inequality can leave even wealthy, well-equipped nations dangerously exposed,” he said.

UNAIDS Executive Director Winnie Byanyima described inequality as the underlying driver of pandemics, saying governments now have clear evidence on where action is needed.

“The research proves that inequality is the ground in which pandemics take root. By tackling inequality, we can end AIDS as a public health threat and make the world safer from future pandemics,” she said.

The publication comes ahead of discussions at the AIDS 2026 Conference in Rio de Janeiro, where global leaders will examine the findings and their implications for future international health policy.

The Global Council on Inequality, AIDS and Pandemics was convened by UNAIDS to examine how social and economic inequality shapes responses to infectious disease outbreaks. The Council’s latest study compares countries’ responses to both COVID-19 and HIV/AIDS and concludes that conventional preparedness indices—which primarily assess technical capacity such as surveillance systems, laboratories and emergency response mechanisms—fail to predict real-world performance.

The findings come as governments worldwide reassess pandemic preparedness following COVID-19, which claimed millions of lives globally, while HIV/AIDS has killed more than 44 million people since the early 1980s. The researchers argue that reducing inequality should now be regarded as a core pillar of global health security rather than simply a social policy objective.

Pandemic Preparedness Model Flawed as Study Identifies Inequality as Biggest Killer

Continue Reading

News

Nigeria Seeks AUDA-NEPAD Backing to Unlock Economic Opportunities for Youth, Women

Published

on

Nigeria Seeks AUDA-NEPAD Backing to Unlock Economic Opportunities for Youth, Women

By: Michael Mike

Nigeria has intensified its push for greater continental development support, calling on the African Union Development Agency-New Partnership for Africa’s Development (AUDA-NEPAD) to prioritise the country in the implementation of the African Demographic Dividend Programme and other strategic initiatives aimed at expanding economic opportunities for young people and women.

The appeal came as the Minister of Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, held talks with the Chief Executive Officer of AUDA-NEPAD, Ms. Nardos Bekele-Thomas, on the sidelines of the African Union Executive Council Meeting held in Addis Ababa, Ethiopia, where African leaders reviewed progress on the continent’s development agenda and preparations for the upcoming African Union Summit.

Making Nigeria’s case, Odumegwu-Ojukwu stressed that with more than 70 per cent of the country’s population made up of young people, there was an urgent need for increased investment in programmes that would harness the country’s demographic advantage and transform it into sustainable economic growth.

She urged AUDA-NEPAD to place Nigeria at the forefront of implementing the African Demographic Dividend Programme, arguing that such support would help create jobs, strengthen entrepreneurship, build resilient communities and promote inclusive development.

The minister also sought greater collaboration in women empowerment and private sector development, describing both sectors as indispensable to achieving broad-based economic transformation in Africa’s most populous nation.

According to her, stronger coordination between the AUDA-NEPAD Continental Secretariat and the Agency’s National Focal Office in Abuja would ensure more effective implementation of development projects and maximise their impact.

Odumegwu-Ojukwu commended AUDA-NEPAD for its interventions in human capital development, particularly the successful mobilisation of $100 million for the African Demographic Dividend Programme, which she described as a major milestone in advancing Africa’s development aspirations.

She also praised Bekele-Thomas for what she described as her visionary leadership in driving the implementation of flagship projects under the Second Ten-Year Implementation Plan (STYIP) of the African Union’s Agenda 2063.

The minister further applauded the AUDA-NEPAD chief for mobilising significant resources through partnerships involving governments, development agencies, the private sector, philanthropic organisations and civil society groups across Africa.

Reaffirming Nigeria’s historic relationship with the continental agency, Odumegwu-Ojukwu recalled that the country was among the founding members of the former New Partnership for Africa’s Development (NEPAD), which later evolved into AUDA-NEPAD.

She pledged Nigeria’s continued support for the agency, including the country’s annual voluntary financial contributions to sustain its core programmes and development interventions.

Responding, Bekele-Thomas welcomed Nigeria’s renewed commitment to the agency and pledged AUDA-NEPAD’s continued support for the country’s development priorities.

“As Africa’s premier development agency, we are excited to deepen our collaboration with Nigeria, working together to create new economic opportunities, empower communities and translate the aspirations of Agenda 2063 into tangible benefits for the people,” she said.

The renewed engagement comes at a time when Nigeria is seeking to tackle high youth unemployment, deepen women’s participation in the economy and leverage its demographic profile to drive long-term growth. Successive governments have identified youth development, skills acquisition, entrepreneurship and private sector expansion as critical pillars for achieving inclusive economic development.

AUDA-NEPAD, the African Union’s technical implementation agency, plays a central role in coordinating development programmes across the continent, mobilising investments, strengthening institutional capacity and supporting member states in implementing the goals of Agenda 2063, the AU’s long-term blueprint for transforming Africa into a prosperous, integrated and peaceful continent.

Nigeria’s renewed appeal is also expected to reinforce its leadership role within the African Union while positioning the country to benefit from continental initiatives designed to accelerate economic transformation, improve human capital development and create employment opportunities for millions of young Africans.

Nigeria Seeks AUDA-NEPAD Backing to Unlock Economic Opportunities for Youth, Women

Continue Reading

Trending

Verified by MonsterInsights