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IITA, Washington University to jointly tackle poverty, hunger, youth unemployment

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THE International Institute of Tropical Agriculture, (IITA) and the Washington University in St. Louis (WUSTL) are exploring areas of collaboration that would address poverty, hunger, and youth unemployment in Africa.

The plan, as learnt is to leverage on the strengths and expertise of the two institutions to solve vexing constraints to Africa’s development.

The resolve for a joint approach was made during a visit by Dr Nteranya Sanginga, IITA Director General, to WUSTL where he met the management of the University in the US.

During the visit, Dr Sanginga held strategic meetings and discussions with Daniel Bentle, Director of the Center of Experiential Learning of Olin Business School; James Wertsch, Director of the McDonnell International Scholars Academy; Kurt Dirks, Vice Chancellor for International Affairs; Himadri Pakrasi, from Plant Science; Benjamin Ola Akande, Advisor to the Chancellor and Director of Africa Initiative; and the Chancellor, Mark S. Wrighton.

Located in St. Louis, WUSTL prides itself among the world’s leaders in teaching, research, patient care, and service to society. The university is committed to learning and exploration, to discovery and impact.

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IITA, on the other hand, is headquartered in Nigeria with hubs in East, West, Central, and Southern Africa. A member of the CGIAR, IITA is the biggest international agriculture research center in Africa that is committed to agricultural transformation and a food secure Africa by leveraging on the power of science and technology. The center gained global reputation for its breakthrough in the biological control of cassava mealybug, biological control of aflatoxins, and the development of improved varieties of banana/plantain, cassava, cowpea, maize, soybean, and yam. IITA’s new research initiatives include addressing youth unemployment using the power of science.

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Dr Sanginga said, “IITA is excited to partner with the Washington University in St. Louis in solving global challenges.”

Besides the broader context of poverty, hunger, and unemployment, the two institutions will be focusing on some specific areas such as the engagement of youth in agribusiness, linking food nutrition and public health, and taking advantage of WUSTL’s current work on health issues and strength in medicine activities across the continent. The two institutions will also delve into areas such as understanding the nexus between Food, Energy, and Water. There is a proposed focus on nitrogen fixation in cereals and cyanobacteria, and the linkage between the science of discovery and application.

The IITA and WUSTL collaboration fits into IITA’s refreshed strategy of lifting 11 million people out of poverty and reclaiming 7.5 hectares of degraded land. But more importantly, it aligns with the United States’ commitment to reducing poverty and helping people to progress.

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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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