News
Vice President Shettima to Market Nigeria to Global Audience at Davos- Tuggar
Vice President Shettima to Market Nigeria to Global Audience at Davos- Tuggar
By: Michael Mike
Nigeria’s Vice President is expected to market the country to global audience at the 54th Annual Meeting of the World Economic Forum presently holding in Davos, Switzerland.
The Forum started on Monday 15th January and it is expected to end on Friday, 19th January, with series of meetings lined up for the leader of the Nigeria’s delegation, Vice President Kashim Shettima.
A statement by the Nigeria’s Minister of Foreign Affairs Ambassador Yusuf Tuggar on Monday, said Nigeria’s resilient business climate resonates with the agenda of the 54th Annual Meeting of the World Economic Forum; the 2024 edition with the theme Rebuilding Trust.
The statement which was signed by the spokesman of the Minister, Alkasim Abdulkadir noting that the intention of the meeting held annually in Davos, Switzerland, is to provide a crucial space that offers solutions to global challenges facing countries, especially transiting countries, said: “This year, the organizers of WEF have taken a step back and focused on the fundamental principles of driving trust, including transparency, consistency and accountability. All these soundly resonate with the Renewed Hope Agenda of President Bola Ahmed Tinubu, which is propelled by a commitment to unleashing the country’s full economic potential through focusing on job creation, access to capital for small and large businesses, inclusivity and, most importantly, the rule of law which underpins WEF’s theme for this year.”
Tuggar revealed that Nigeria’s Vice President Kashim Shettima, alongside 52 other Heads of State, including Xi Jinping, President of the People’s Republic of China, and Olaf Scholz, Chancellor of Germany, as well as over 1,500 CEOs and Chairpersons of the largest companies in the world, are expected at the global event.
He said the Vice President during the weeklong Forum is expected to engage with top global investors at the Meeting and participate in a series of programmes designed for Nigeria, including a Country Strategy Dialogue on Nigeria.
He added that the Nigeria’s delegation at Davos will be part of the Country Strategy Dialogue on Nigeria, which s a roundtable that will be chaired by Vice President Shettima – with the expected participation of 60 global CEOs/Chairs.
The Minister also said Nigeria is expected to have a stakeholder dialogue entitled “Transforming Energy Demand” to discuss what companies and governments can do to enable economic growth with less energy, where Minister of Petroleum Resources will be on the panel of discussants representing the Vice President.
The Vice President is also scheduled to hold a private meeting with Dolf van den Brink, Global Chief Executive Officer, Heineken to discuss areas of partnerships and collaboration and later in the same day attend another stakeholder dialogue entitled “Treating Soil as a Precious Resource to discuss ways of tackling the trilemma of food access and affordability, nutrition and health, as well as nature and climate, where he would be represented by the Minister of Industry, Trade & Investment, according to Tuggar.
Foreign Affairs Minister said the Vice President will privately meet James Quincey, Global Executive Chief Officer of Coca-Cola Company, with the engagement ending with a private dinner with Klaus and Hilde Schwab; noting that the dinner brings together Heads of State, Government, and International Organisations as well as members of the Board of Trustees, the International Business Council, and Strategic Partners.
Tuggar also revealed that the Vice President is scheduled to have a private breakfast entitled Driving Action Under the African Continental Free Trade Area, where the Forum Friends of the African Continental Free Trade Area (AfCFTA) coalition brings together heads of state, ministers, chief executives, and heads of international organisations to support the implementation of the AfCFTA agreement through public-private collaboration, and at noon, the Vice President will be represented at a private lunch event entitled “IGWEL: Lunch-Restoring Faith in the Global System” by himself (the Minister of Foreign Affairs).
Tuggar explained that this Informal Gathering of World Economic Leaders (IGWEL) convenes policymakers and business leaders to discuss what an effective multilateral system can look like and how to strengthen faith in global cooperation, adding that equally, the Vice President will host a private country-focused session entitled “Country Strategy Dialogue on Nigeria,” which will delve into the priorities of the Nigerian government and engage in a dialogue about the country’s economic path. He disclosed that the Nigeria Reception is a cultural and entertainment event to be hosted by Vice President Shettima and the ministerial delegation. It will feature Nigerian food, music, national ethos and culture. An estimated 600 participants are expected at the event.
Tuggar further stated that Nigeria’s participation at the Forum’s Annual Meeting provides an opportunity for Vice President Shettima to woo foreign investors to Nigeria. He also expressed optimism that Nigeria’s attendance holds great economic benefits for the country.
The World Economic Forum was established in 1971 as a not-for-profit foundation with its headquarters in Geneva, Switzerland, and the Forum engages the foremost political, business, cultural, and other leaders of society to shape global, regional, and industry agenda.
Vice President Shettima to Market Nigeria to Global Audience at Davos- Tuggar
News
Stakeholders Push for Scaled-Up Energy Efficiency in Nigeria’s Industrial Sector
Stakeholders Push for Scaled-Up Energy Efficiency in Nigeria’s Industrial Sector
By: Michael Mike
Stakeholders from government, the organised private sector, development agencies, and civil society have called for stronger collaboration and expanded financing to accelerate the adoption of energy-efficient and cleaner production practices in Nigeria’s industrial sector.
The call was made on Monday during a special project-specific interactive session and Efficiency Champions Competition organised under the Global Environment Facility and United Nations Industrial Development Organization Industrial Energy Efficiency and Resource Efficient and Cleaner Production project in Abuja.
The event brought together representatives of industries, non-governmental organisations, financial institutions, policy makers, and members of the media to review the progress of the initiative and explore opportunities for expanding sustainable industrial practices across the country.
Speakers at the session emphasised that improving energy efficiency and reducing waste in industrial operations are essential for lowering production costs, boosting competitiveness and promoting environmentally responsible manufacturing.
Opening the session, the project leadership said the initiative had recorded significant progress in promoting industrial energy efficiency and resource-efficient production methods within Nigeria’s manufacturing sector.
According to the National Project Coordinator, GEF-UNIDO IEE and RECP Project, Jacob Oladipo revealed that the project has supported capacity building programmes, cleaner production assessments, policy engagement and innovative financing mechanisms designed to help industries reduce energy consumption while improving productivity.
He explained that the project had demonstrated that sustainable industrial practices are not only environmentally responsible but also economically beneficial to businesses.
The session also provided an opportunity for stakeholders to review the outcomes of the project and identify lessons that could support the wider adoption of energy-efficient technologies and cleaner production systems across industries.
In a goodwill message delivered on behalf of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, Mr. Kunle Fadare said the initiative was both timely and strategic for Nigeria’s industrial growth.
He noted that the industrial sector accounts for more than thirty per cent of the country’s total energy consumption but still operates far below optimal efficiency levels.
Fadare said studies have shown that improvements in energy efficiency within Nigerian industries could lead to savings of between twenty and forty per cent in energy use.
He added that such gains would translate into reduced production costs, improved competitiveness and lower greenhouse gas emissions.
He also highlighted the environmental implications of industrial waste, noting that Nigeria generates more than thirty-two million tonnes of solid waste annually, a significant portion of which originates from industrial activities.
According to him, adopting resource-efficient and cleaner production practices would not only reduce waste but also strengthen long-term business sustainability.
Fadare further praised the Efficiency Champions Competition, describing it as an important platform for recognising businesses that are taking concrete steps toward sustainable production.
He said the initiative would help showcase best practices and encourage other companies to adopt energy-efficient technologies.
Global trends, he added, show that markets increasingly favour environmentally responsible production systems, particularly as access to international markets becomes tied to sustainability and environmental compliance.
He therefore urged Nigerian businesses to proactively embrace energy efficiency and cleaner production practices to remain competitive in regional and global markets.
Also speaking, the Global Environment Facility desk officer commended the collaboration among stakeholders involved in implementing the project.
The official expressed appreciation to the United Nations Industrial Development Organization for providing technical guidance and to the Manufacturers Association of Nigeria for supporting the implementation of the initiative.
The desk officer also acknowledged the role played by various government ministries, departments and agencies, as well as the Department of Pollution Control and Environmental Health, in advancing the project’s objectives.
According to the official, the interactive session was designed to allow stakeholders to examine emerging issues related to energy use in industries, share experiences, address challenges and identify opportunities for improvement.
The official stressed that sustainable economic growth requires strong collaboration among government, industry, development partners and civil society.
Participants were therefore encouraged to actively contribute ideas and insights that could help strengthen the implementation of energy-efficient industrial practices in Nigeria.
Representatives of the organised private sector also highlighted the need to scale up financing mechanisms that support industries seeking to adopt energy-efficient technologies.
They noted that while progress had been made through innovative financing models and technical support programmes, wider adoption would require increased investment, stronger policy support and continued capacity building for industries, particularly small and medium enterprises.
Stakeholders agreed that the engagement of the organised private sector, non-governmental organisations and the media would be critical in sustaining the momentum generated by the project.
They emphasised that awareness creation, knowledge sharing and policy advocacy would play key roles in expanding the adoption of energy-efficient and cleaner production practices across Nigeria’s industrial landscape.
Participants expressed optimism that stronger collaboration among stakeholders would help accelerate the transition toward a more efficient, competitive and environmentally sustainable industrial sector in Nigeria.
Stakeholders Push for Scaled-Up Energy Efficiency in Nigeria’s Industrial Sector
News
FG: Over 9m Nigerians Benefit from HoPE Cash Transfer Programme
FG: Over 9m Nigerians Benefit from HoPE Cash Transfer Programme
By: Michael Mike
The Federal Government on Monday disclosed that more than nine million Nigerians have so far benefited from the Household Prosperity and Empowerment Cash Transfer (HoPE-CT) Programme, a social protection initiative aimed at easing the impact of rising living costs on vulnerable households across the country.
The Minister of Humanitarian Affairs and Poverty Reduction, Dr Benard Doro, revealed this during a ministerial briefing and press conference in Abuja, noting that the programme has made significant progress since it was launched in December 2023.

According to the minister, a total of 9,178,837 beneficiaries have received the first tranche of the intervention, while 7,203,579 have been paid the second tranche and 6,497,089 have already accessed the third tranche.
He said the figures reflect the growing reach of the initiative and its role in supporting millions of Nigerian households struggling with economic pressures.
“Each eligible household receives seventy-five thousand naira paid in three instalments. The support enables families to meet basic needs such as food, healthcare and education,” he explained.
Doro noted that the intervention, implemented under the National Social Safety Nets Project – Scale Up, represents a strategic shift from short-term humanitarian responses to a more structured and transparent national social protection system.
“We are no longer responding to poverty episodically. We are building systems to end it sustainably,” he said.
He further explained that beneficiaries are selected from the National Social Register, with identities verified through the National Identity Management Commission using the National Identification Number and Bank Verification Number to ensure transparency and prevent duplication.
The minister also highlighted the programme’s gender balance, revealing that women account for 58.7 per cent of beneficiaries while men make up 41.3 per cent.

He warned members of the public against paying money to access the scheme, stressing that the programme is completely free.
“Let me be unequivocal; this programme is entirely free. No Nigerian should pay to be registered, enrolled or benefit. Anyone demanding payment is engaging in criminal activity,” he said.
To strengthen accountability and address complaints, the government has established a multi-layer grievance redress mechanism, including a toll-free line for enquiries and reporting of irregularities.
In her remarks, the Director-General of the National Identity Management Commission, Dr Abisoye Coker-Odusote, said the integration of digital identity into the programme has significantly improved transparency and efficiency.
She disclosed that more than 13.2 million beneficiary records were submitted for verification, out of which about 11.8 million were successfully authenticated.
“Through the NIN-based verification system, we are eliminating duplication, reducing leakages and strengthening public trust in government interventions,” she said.
Coker-Odusote added that an additional 3.1 million records are currently undergoing verification as part of efforts to expand coverage.
Earlier in his welcome address, the National Programme Manager of the National Cash Transfer Office, Abdullahi Alhassan Imam, said the programme was designed to provide immediate relief for poor households while also creating pathways for long-term economic stability.
He revealed that the initiative is supported by an eight hundred million United States dollar facility from the World Bank’s International Development Association and initially targeted 10.4 million households nationwide.
Imam noted that the Federal Government has since expanded the target to fifteen million households, underlining its commitment to strengthening social protection for vulnerable citizens.
The HoPE-CT Programme is being implemented across the thirty-six states of the federation and the Federal Capital Territory as part of the administration’s Renewed Hope Agenda aimed at reducing poverty and promoting inclusive economic growth.
FG: Over 9m Nigerians Benefit from HoPE Cash Transfer Programme
News
Private Sector Steps Up as Foundation, Partners Train 60 Youths to Tackle Skills Gap
Private Sector Steps Up as Foundation, Partners Train 60 Youths to Tackle Skills Gap
By: Michael Mike
Concerned about the widening gap between academic qualifications and workplace readiness in Nigeria, private sector actors have intensified efforts to prepare young people for employment, with 60 youths recently trained in practical and entrepreneurial skills in Ibadan.
The training was conducted under the Skill-Up Ibadan 2.0 initiative organised by Ogbeni Labzy Alternative in partnership with the Tegbe Foundation, as part of efforts to strengthen workforce readiness and support human capital development.

The two-week programme, held in Ibadan, brought together young professionals for intensive training designed to equip them with practical competencies needed to thrive in today’s competitive labour market.
Facilitated by industry practitioners, the sessions combined technical training with critical soft skills such as communication, teamwork, problem-solving and entrepreneurship, reflecting growing recognition that employability now requires more than academic knowledge.
Convener of Ogbeni Labzy Alternative, Adeola Adelabu, said the initiative was conceived as a deliberate intervention to address the persistent skills gap affecting many Nigerian youths entering the workforce.

According to him, the programme was structured to expose participants to market-relevant knowledge and practical tools that would improve their ability to secure employment or create their own opportunities in an increasingly dynamic economy.
Adelabu noted that the initiative also reflects the growing role of private sector organisations and philanthropic institutions in supporting youth empowerment and workforce development.
The programme was organised in commemoration of the 60th birthday of Joseph Tegbe, whose foundation has been actively supporting youth-focused initiatives across sectors.
Other partners involved in the programme included Sebs Hub, SkillNG, and SchoolNowNow, which contributed to the programme’s design, facilitation and learning resources.
Participants who completed the training said the programme significantly improved their technical knowledge, strengthened their soft skills and boosted their confidence to pursue career opportunities in a challenging economic environment.
In a goodwill message, Executive Director of the Tegbe Foundation, Femi Adeleke, praised the organisers and reiterated the foundation’s commitment to supporting initiatives that empower young people and enhance workforce readiness.
He stressed that sustained investment in skills development remains critical to unlocking Nigeria’s demographic potential and preparing young people to contribute meaningfully to economic growth.
Additional remarks by Olajumoke Adelabu and Ibrahim Oredola highlighted the importance of partnerships among the private sector, development organisations and training institutions in expanding opportunities for young Nigerians.
Certificates were presented to all participants at the end of the programme, with special recognition given to outstanding trainees and contributors.
Stakeholders at the event expressed optimism that expanding initiatives such as Skill-Up Ibadan would help address the growing skills deficit in Nigeria’s labour market while strengthening the country’s human capital base.
Private Sector Steps Up as Foundation, Partners Train 60 Youths to Tackle Skills Gap
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