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Obasanjo urges DR Congo to invest in agriculture to help Africa cut $50billion food import bill

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Chief Obasanjo

Former Nigerian President, Chief Olusegun Obasanjo, has called on the Democratic Republic of Congo (DRC) to invest in agriculture and particularly cassava, soybean, cowpea and plantain to help Africa cut down annual food imports that is estimated at $50billion.

Obasanjo spoke on Tuesday, October 8, 2019, during the official inauguration of the International Institute of Tropical Agriculture (IITA) Kalambo research station in Bukavu, Democratic Republic of Congo (DRC) by the country’s President, Felix Tshisekedi. The research station is named “The President Olusegun Obasanjo Research Station”, in honor of the ex-President who is also the IITA Goodwill Ambassador.

Giving a shoplist of crops the gover“The first crop to take is cassava… The second crop is soybean because it is very important for human nutrition and livestock. The next is cowpea and lastly plantain. If we invest in these crops, we will be able to reduce the $50bn that Africa is spending annually on importing food,” Chief Obasanjo said.

The former president underlined the importance of research to agricultural transformation, citing the Nigerian example where his administration was able to raise cassava production by 20 million tons during his eight year-tenure.

He commended Dr Nteranya Sanginga, IITA Director General for his leadership, and the institute (IITA) for its excellent research in addressing the problems facing Africa.

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The IITA ambassador congratulated President Tshisekedi for providing the enabling environment and support to IITA to establish the centre, stating that he felt deeply honored to be part of it.

At the inauguration were Dr Akinwumi A. Adesina, President of the African Development Bank (AfDB); Oyo State Governor, Engr. Seyi Makinde; and the former Prime Minister of Ethiopia, Hailemariam Desalegn, among others.

Dr Sanginga  said the research station was in dedication to IITA and its partners’ mission of fighting hunger and poverty in Africa and would contribute towards boosting agricultural productivity in DR Congo and the region.

“The station is a symbol of our dedication and commitment to building the research and development capacity in DR Congo and the Great Lakes,” he said.

He reiterated the importance of research to agricultural transformation and cited the progress made by Nigeria in cassava to the role of research innovations developed by IITA and its partners.

The IITA Director for the Central African Region, Dr Bernard Vanlauwe added that the lab building was built in record time using modern methods and materials.

“Indeed, the first stone was placed in October 2017 and the building completed in 18 months. This speed and efficiency symbolize the nature of the activities taking place in the lab, namely the rapid and large-scale production of healthy planting materials of crops of key importance to the DRC as well as the production of bio-fertilizers to ensure the growth and quality of these crops,” he explained.

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For many years, the station in Kalambo operated in project mode but in 2011, the IITA Board of Trustees decided to elevate it to become the focal point of the Institute’s regional hub for natural resource management in the Great Lakes. It now also features a first-class tissue culture lab for the vegetative multiplication of cassava, banana, coffee, yam, and potato.

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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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