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Cassava: Edo, IITA explore areas of possible collaboration

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EDO State Government and the International Institute of Tropical Agriculture (IITA) today agreed to join forces to bring about transformational change in cassava, as the oil-rich state embarks on reforms to diversify its economy.

The state governor, Godwin Obaseki revealed his administration’s plan to work with IITA after he gave a speech at the international conference on Water-Energy-Food Systems (WEFS) in Sub-Saharan Africa that is being organized by the Pennsylvania State University in collaboration with IITA and the University of Ibadan, in IITA-Ibadan campus, 26-27 June.

In a meeting with IITA Director General, Dr Nteranya Sanginga; Governor Obaseki said his administration’s vision was to establish a cassava production zone of at least 50,000 hectares where cassava will be produced and processed with the active participation of smallholder farmers and the private sector.

Though the focus will be on cassava, the state is looking beyond cassava to other crops that Edo state has comparative advantage.

“We would want IITA to give us a plan that is actionable,” Governor Obaseki said.

Grown by over 3.3 million farmers in Nigeria, cassava has transformed from a food security crop to a cash crop in Nigeria, as most industrial companies are seeking after the root crop as a source of raw material in confectionary, brewery and pharmaceuticals.

IITA to hold training on Novel Techniques for Weed Management in Cassava Farming Systems

Dr Sanginga said the use of cassava today transcend gari—a grated and roasted form of cassava that is a source of food to millions of people in Africa.

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“Today, companies are coming to IITA and asking us how we can support them in setting cassava farm as a source of raw material,” Dr Sanginga said.

Located in the oil-rich delta of Nigeria, Edo state is endowed in both agriculture and oil resources. However, like other parts of Nigeria, the state is confronted with unemployed youths as employment opportunities in the government thins out.

Governor Obaseki said his plan is to create wealth, food security, and jobs from agriculture and to put the state on the path of prosperity.

He said that his state’s approach to agriculture was to treat it as a business that would bring economic and sustainable development to the state.

Earlier at the conference on Water-Energy-Food Systems (WEFS) in Sub-Saharan Africa, both Dr Sanginga and Governor Obaseki recognized the imperatives of the theme, as they spoke in the context of limited/dwindling natural resources and a growing population and a changing climate.

The two leaders agreed it was time to pay greater attention to the nexus between water, energy and food systems so that the advancement of one component does not affect the other negatively.

The conference organizers said the objective of the meeting was to build an alliance of partners committed to developing a significant Water-Energy-Food Nexus initiative in Sub-Saharan Africa. And to develop partnerships between institutions or individuals interested in immediate collaboration around specific Nexus research, education or outreach projects.

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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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