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Addressing malnutrition will add $29bn, says FG

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Nigeria’s Minister of Agriculture and Rural Development, Alh. Sabo Nanono said addressing malnutrition and meeting nutrition targets of the Sustainable Development Goal (SDG) would inject additional $29 billion into Nigeria’s national income.

 

“Therefore, addressing malnutrition challenges is not only social service but economic strategy,”  Nanono, who was represented by the Director of Agriculture, Engr. Frank Satumari, said at the press conference held in IITA Ibadan.

 

The three-day NFF program will hold from November 13 to November 15 and will be officially opened on November 13 by  the Oyo State Governor, Engineer Seyi Makinde, in the presence of ministers and top dignitaries.

 

“Over 10,000 participants from eight countries but mostly from across Nigeria are expected to take part in the fair themed ’Nutrition is everyone’s business’,” said Paul Ilona, Country Director for HarvestPlus.

“It will feature panel discussions, scientific presentations, and exhibition of business opportunities to increase investments in the nutritious food sector,” he added.

 

Dr Kenton Dashiell, IITA Deputy Director General for Partnerships and Delivery, commended HarvestPlus for its efforts to end malnutrition.  He said that the problem of malnutrition was that it limits the potential abilities of children.

“We have a major problem of malnutrition in Nigeria, children cannot reach their full potential. This makes me sad,” Dashiell said.

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“…And we must look for ways to solve this,” he added, stressing that the NFF provides opportunity for stakeholders to take joint action against malnutrition.

 

To show their endorsement to the upcoming event, Nollywood stars represented by Segun Arinze, and Francis Duru joined other partners in IITA to play a novelty football match on Thursday evening in IITA. Nestle also will be participating in the event come November 2019

 

According to HarvestPlus, this year’s NFF will converge all key  nutrition  stakeholders  in  the  public  and private sectors including donors and Ambassadors to show progress made so far in biofortification; galvanize new opportunities for growth and  build new  capacities  across  the  nutritious  food  value  chains,  which  will  contribute  to  achieving  Sustainable Development Goals (SDG 1, 2 and 3) targets for Nigeria.

 

Highlights of the NFF will include: Innovations  in  nutrition showcasing  biofortified  crops  like vitamin  A cassava, vitamin A maize, Orange Sweet Potato, iron beans and pearl millet to improve health; Opportunities  for  small  and  medium  scale  (SME)  investors  to  diversify,  increase  returns  on  investment  and create employment in the fast growing nutritious food sector; Exhibition of nutritious foods by small, medium and large scale food processors and opportunities to engage new distributors and retailers; Exhibition of quality seeds by small, medium and large scale seed companies and opportunities to engage new agri-input dealers and retailers; Exhibition  of  farm  and  food processing  equipment  for  SMEs  in  the nutritious  food  sector  and  training  on equipment maintenance and Grassroots quiz-line to enhance nutrition and SME education for secondary school students

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The 2019 NFF edition is the 5th since it began in 2015. Previous editions were held at Landmark Events Centre, Victoria Island, Lagos (2018); Michael Okpara Square, Enugu in 2017; International Convention Centre, Tinapa, Calabar, Cross River State in 2016; and the Federal Capital Territory Abuja in 2015.

 

HarvestPlus, coordinated by the International Food Policy Research Institute (IFPRI), improves nutrition and public health by developing and promoting biofortified food crops that are rich in vitamins and minerals, and providing global leadership on biofortification evidence and technology. In Nigeria, it promotes cassava that provides more vitamin A in the diet, working with almost 40 partners drawn from government, business and civil society.

 

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Senate Approves Tinubu’s $500m Loan for Power Sector Boost

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The Nigerian Senate has approved President Bola Tinubu’s $500 million loan request intended to bolster the operations of the Bureau of Public Enterprises (BPE) to enhance the financial and technical performance of electricity distribution companies, ultimately benefiting citizens.

The endorsement, announced on Tuesday, follows a thorough examination of the report presented by Senator Aliyu Wamakko, who heads the Senate Committee on Local and Foreign Debts overseeing the 2022 – 2024 External Borrowing (Rolling) Plan specifically for the Bureau of Public Enterprises (BPE).

During the presentation of the report, Senator Haruna Manu, serving as the Vice Chairman of the Committee, emphasised the importance for the Senate to duly receive and deliberate upon the report of the Committee on Local and Foreign Debts concerning the 2022 – 2024 External Borrowing (Rolling) Plan for the Bureau of Public Enterprises (BPE).

The $500 million loan constitutes a portion of the $7.94 billion loan originally requested by President Bola Tinubu on November 1st, 2023, within the framework of the 2022-2024 external borrowing plan. In addition to the $500 million, President Tinubu also sought approval for a €100 million loan.

However, during a special plenary session on December 30, the Senate greenlit the borrowing of $7.4 billion after careful consideration of the report furnished by the Committee on Local and Foreign Debt.

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Melinda Gates Resigns from Gates Foundation, Set to Receive $12.5 Billion

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In this file photo taken on September 26, 2018, Bill Gates and his ex-wife, Melinda Gates, introduce the goalkeepers event at the Lincoln Center in New York. Ludovic MARIN / AFP

Melinda French Gates announced Monday she was leaving the philanthropy mega foundation she established with her ex-husband, Microsoft co-founder Bill Gates.

The resignation, which becomes effective on June 7, will leave Bill Gates as the sole chair of one of the world’s most influential and powerful non-governmental organizations.

“After careful thought and reflection, I have decided to resign from my role as co-chair of the Bill & Melinda Gates Foundation,” Melinda French Gates wrote in a statement posted on social media.

The statement gave no reason for her departure, but noted that “under the terms of my agreement with Bill, in leaving the foundation, I will have an additional $12.5 billion to commit to my work on behalf of women and families.”

The couple married in 1994 but announced their divorce in 2021.

They had continued to co-chair the foundation which they established in 2001 with the vast wealth acquired through the success of Microsoft.

With a focus on child poverty and preventable diseases, the foundation has been heavily involved in fighting malaria and in providing toilets and sanitation in poorer parts of the world.

The foundation’s website says it has spent $53.8 billion since 2000, and claims the number of children around the world who die before their fifth birthday has halved in this time.

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Bill Gates thanked his ex-wife for her “critical contributions” to the organization.

“As a co-founder and co-chair Melinda has been instrumental in shaping our strategies and initiatives, significantly impacting global health and gender equality,” he said.

“I am sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work.”

The organization’s chief executive, Mark Suzman, said its name would change to simply the Gates Foundation — it has been known as The Bill & Melinda Gates Foundation.

“I truly admire Melinda, and the critical role she has played in starting the foundation and in setting our values, she has played an essential role in all that we’ve accomplished over the past 24 years,” he said in a video posted to social media.

“I will miss working with her and learning from her. I look forward to seeing her continued impact.”

 

 

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EFCC calls on banks’ compliance officers to uphold confidentiality

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The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has urged Compliance Officers of Banks nationwide to refrain from unauthorised disclosure of EFCC’s investigative activities and requests made to banks’ customers.

Speaking through the Acting Zonal Director of the Ibadan Zonal Command of the EFCC, ACE I Hauwa Garba Ringim, during a stakeholders’ meeting with Compliance Officers of Banks in Oyo State on Tuesday, Olukoyede emphasised the detrimental impact such disclosures have on the investigation of financial crimes and the timely filing of corruption cases in court.

Olukoyede expressed concern over the tacit support fraudsters receive from the Nigerian banking sector, highlighting the challenges it poses to the Commission.

He urged Compliance Officers to promptly respond to EFCC’s correspondence with certified true copies of relevant documents, as this facilitates swift investigation processes.

Also, Olukoyede addressed the illegal trading of naira with Point-of-sale (POS) operators, stressing the need to curtail such practices for the benefit of Nigerians.

In response to the chairman’s directives, Compliance Officers assured the EFCC of their unwavering support and commitment to enhancing collaboration between the Commission and banks for more effective anti-corruption efforts.

 

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