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European Union injects EUR10 million into Liberia budget.

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Last week, the Government of Liberia received a grant of EUR 10 million (USD 11.2 million) from the European Union (EU). The EU disbursed the money directly into the treasury account of the Government to support the budget of the Republic of Liberia.

This is the third payment under the EU’s budget support programme after a first payment of EUR 29.2 million (USD 33 million) in 2015 and EUR 16 million (USD 18 million) in 2016.

Disbursement of the third payment comes after the Government of Liberia made satisfactory progress in improving public financial management and toward specific targets relating to security and rule of law in line with the Agenda for Transformation, Liberia’s medium-term development strategy.  Ambassador Tiina Intelmann, Head of the European Union Delegation to Liberia, said:

“The EU gives this 10 million euro expecting that the Government will use it to provide Liberians with the vital public services they deserve and it has committed to provide: health, education, security and rule of law. I encourage the Government to continue improving the management of public finances and fight against corruption. In particular, I applaud the operationalisation of four pilot county treasuries, the establishment of a Civilian Complaints Board for the police and immigration services and improved access to justice through magistrates’ courts and county courts for cases related to sexual and gender based violence. I encourage Government and the Judiciary to continue their efforts to better plan procurement for entities in the security and rule of law sector and to ensure that spending takes place as planned.”

The European Union withheld EUR 2 million due to the Government of Liberia’s failure or partial failure to meet indicators related to the timely publication of procurement plans for the Ministry of Justice and the Judiciary and spending less money than planned through entities in the security and rule of law sector.

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China Denounces US Allegations of Fueling Conflict in Ukraine

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This handout photograph taken and released by Ukrainian Presidential press-service on April 22, 2024 shows a firefighter at work to put out a fire in a residential building following Russian strike in Kherson, amid Russian invasion in Ukraine. (Photo by Handout / UKRAINIAN PRESIDENTIAL PRESS SERVICE / AFP)

China condemned on Tuesday as “groundless accusations” US claims that Beijing was fuelling the Ukraine war by supplying components to Russia which it uses for its military expansion.

China and Russia have ramped up economic cooperation and diplomatic contacts in recent years and their strategic partnership has only grown closer since the invasion of Ukraine.

Beijing says it is a neutral party in the Ukraine conflict but has been criticised for refusing to condemn Moscow for its offensive.

And ahead of a planned visit to Beijing by top diplomat Antony Blinken this week, the United States had accused China of helping Russia carry out its biggest militarisation since Soviet times.

Following a G7 ministers meeting in Capri last week, Blinken said: “when it comes to Russia’s defence industrial base, the primary contributor in this moment to that is China,” adding that this is “allowing Russia to continue the aggression against Ukraine”.

In response, China on Tuesday furiously defended its right to “normal trade ties” with all countries, including Russia.

“The United States has unveiled a large-scale aid bill for Ukraine while also making groundless accusations against normal trade between China and Russia,” foreign ministry spokesperson Wang Wenbin said.

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“This kind of approach is extremely hypocritical and utterly irresponsible, and China is firmly opposed to it,” he said.

– Russian regroup –

 

US officials say China has stopped short of direct military assistance but has provided dual-use supplies that have let Russia regroup in the face of a long delay in US aid to Ukraine.

Blinken last week said this included “machine tools, semiconductors, other dual-use items that have helped Russia rebuild the defense industrial base that sanctions and export controls had done so much to degrade”.

The top US diplomat has pledged to raise the issue with Chinese officials in Beijing this week, as well as press them to use their leverage over Russia to help end the war.

Beijing has long denied claims it is aiding Russia’s fighting in Ukraine — and insisted it won’t accept “criticism or pressure” over its ties with Moscow.

“On the Ukraine issue, China has always maintained an objective and just position, advocated actively for peace talks and pushed for a political resolution,” Wang said Tuesday.

“China consistently implements regulations on the export of dual-use items,” he said.

“China is neither a creator nor party to the Ukraine crisis and has never thrown oil on the flames,” Wang said.

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“We will not accept others passing the buck or shifting blame onto us,” he said.

 

 

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FG Unveils Unbundling Plan for Electricity Distribution Companies

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In a bid to enhance efficiency within Nigeria’s power sector, the Federal Government has initiated the unbundling process for 11 electricity distribution companies (DisCos).

This move aims to streamline operations and bolster effectiveness within the sector, as highlighted by Nigeria’s Minister of Power, Adebayo Adelabu.

Addressing the Senate Committee on Power in Abuja, Minister Adelabu emphasized the necessity of restructuring the DisCos into more manageable entities aligned along state lines.

He stressed the impracticality of current setups, citing examples such as the Ibadan Disco, which spans across seven states, hindering operational efficiency.

Also, Minister Adelabu disclosed the government’s intention to exercise its ownership rights in the DisCos, reclaiming management responsibilities to rectify operational shortcomings. He underscored the imperative of governmental intervention, citing past mismanagement by private sector operators.

In tandem with the unbundling initiative, the Federal Government has directed the sale of DisCos currently under the management of banks and the Assets Management Corporation of Nigeria (AMCON). Four DisCos, including Abuja, Benin, Kaduna, and Kano, are now under bank management due to loan repayment issues, signaling a broader need for industry-wide reform.

The Senate Committee on Power echoed concerns over DisCos’ inefficiencies, advocating for comprehensive overhauls to address longstanding performance deficits. Senator Danjuma Goje decried DisCos’ lackluster contributions to the power sector, labeling them as “complete failures.”

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In response to mounting challenges, Minister Adelabu outlined key strategies to revitalize the sector, including stringent regulatory measures, franchise agreements, and accelerated completion of transmission projects. Additionally, efforts are underway to bridge the metering gap and expand renewable energy capacity to bolster the national grid.

Looking ahead, the Federal Government remains committed to realizing its vision of a robust and sustainable power sector, with plans underway to achieve a target of 6,000MW of power generation by the year’s end. As stakeholders collaborate to address systemic deficiencies, the trajectory of Nigeria’s power sector points towards a future marked by resilience and progress.

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Nigerian Army Dismisses Two Personnel Over Alleged Theft at Dangote Refinery

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The Nigerian Army has swiftly acted on allegations of misconduct within its ranks, as it announces the immediate dismissal of two of its personnel implicated in a reported theft at the Dangote refinery in Lagos.

Director of Army Public Relations, Onyema Nwachukwu, affirmed this disciplinary action in a statement released on Monday.

Corporal Innocent Joseph and Lance Corporal Jacob Gani have been relieved of their duties and handed over to the police for further investigation.

“As a demonstration of NA’s zero-tolerance for misconduct and criminality within its ranks, the two soldiers have been dismissed from the NA with immediate effect and handed over to relevant authorities for further prosecution,” Nwachukwu stated.

Major General Nwachukwu outlined the charges against the soldiers, citing their abandonment of duty post and unauthorized possession of materials. He noted that they were summarily tried and found guilty in accordance with military laws.

“This decisive action underscores the NA’s resoluteness in maintaining its institutional integrity and reputation,” Nwachukwu added. “The NA reassures the general public of its dedication to upholding integrity, discipline, and accountability at all levels.”

“We remain resolute in our duty to protect and serve the nation with honor and dignity,” he concluded.

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