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EU-Seychelles strengthen collaboration on climate change.

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The Ambassador of the European Union to the Republic of Seychelles undertook a site visit to La Digue in the context of the coastal flood adaptation and mitigation activities of the “Seychelles Global Climate Change Alliance project”. She met with local stakeholders on La Digue.

According to Marjaana SALL, Ambassador of the European Union to the Republic of Seychelles:

“Through this project, the European Union reiterates its commitment to support Government in the implementation of its National Climate Change Strategy, in line with commitments taken in COP 21 Conference. The EU is particularly pleased to assist local communities improve their resilience to the climate change and hence their livelihood.

By addressing the recurrent flood problems on La Digue this project is expected to impact directly on the health of the local population by reducing the incidence of water borne diseases. Secondly bearing in mind the negative impact of floods on local economic activities namely agriculture and tourism, the project is expected to sustain the economic livelihood of the local population.  I am confident that this project will leave a footprint in the white sands of La Digue, that will constantly remind us of the close bonds uniting Seychelles with the European Union.”

According to Mr. Didier Dogley, the Minister of Environment Energy and Climate Change of the Republic of Seychelles:

“Climate change pose an existential threat to small islands communities like the one on La Digue. During the last 3 years the people of la Digue have suffered from extreme weather events, which have caused widespread flooding, disruption to livelihoods and posed a major health risk. At the same time the ground water aquifer which is the main source of potable water for the Diguois was also being threatened by the intrusion of salt water as coastal erosion continued unabated inland. Through targeted investments from the Government of Seychelles and financial support from the EU in the form of GCCA and GCCA+ we will be able to reduce the vulnerability of the local community and strengthen their resilience against the greatest threat of our time, climate change.”

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The objective of the site visit is to meet with stakeholders on La Digue and discuss the project and its implementation. For the EU Ambassador, it is essential to ensure the participation and involvement of local communities for the success of this project….and it is this type of engagement that creates a compelling hope for a sustainable future. Local communities should be involved as much as possible to ensure that its results meet their expectations.

“Through targeted investments from the Government of Seychelles and financial support from the EU in the form of GCCA and GCCA+ we will be able to reduce the vulnerability”.

The programme “Seychelles Global Climate Change Alliance project” was established by the European Union in 2007 with a total envelope of 285 m EUR for the period 2008 to 2013. The objective is to support developing countries and small islands developing states in their endeavours to adapt to climate change. To-date the programme has supported more than 70 programmes in over 50 countries in Africa, Asia, Pacific and Caribbean and the Indian Ocean. In light of its success, the European Union has allocated an additional envelope of 350 m EUR for the programme for the period 2014-2020. In addition, another 70 m EUR are also available for climate actions from the European Union regional funds until 2020.

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The programme for Seychelles was signed between the European Union and the Government of Seychelles in December 2014 to assist Government in developing its resistance to these changing climate patterns. The programme of 3 million euros is part of the European Union Global Climate Change Alliance (GCCA+) which aims at strengthening dialogue and cooperation with developing countries, in particular least developed countries (LDCs) and small island developing States (SIDS). The GCCA + is one of the most significant climate initiatives in the world.

A major component of the project concerns the implementation of coastal climate change adaptation in risk-prone areas on La Digue. These activities will be implemented by the UNDP (United National Development Programme), given their experience and expertise in the domain in Mahé and in La Digue. The project is expected to run until 2019.

Activities that will be implemented include the preparation of an Integrated Shoreline Management Plan, hydrological and topographic studies on flood buffering and salinization control measures. The activities will also focus on the restoration of wetlands, as a sustainable means to reduce flood risks.

Background :

The 2013 floods which hit La Digue and the damage caused by cyclone Fantala on Farquhar Island last year show to what extent Small Island Developing States like the Seychelles are vulnerable to changing climatic conditions. The security and livelihoods of local population are now increasingly threatened by sea rises, tsunamis, increases in temperature, flash floods, cyclones and droughts – all the consequences of climate change.

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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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