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Osinbajo to speak on Nigeria’s Human Capital Development Investments at Oxford University Lecture tomorrow

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NIGERIAN Vice President Yemi Osinbajo, on the invitation of Oxford University, United Kingdom, would be delivering a special lecture highlighting ongoing investments, efforts and plans of the Nigerian government on human development on Friday, 12th October 2018 at the globally recognized institution.

At the event, Prof. Osinbajo will also be inaugurating the International Advisory Board (IAB) of Oxford University’s African Studies Centre, under the School of Global and Area Studies (OSGA).

Members of the board are eminent leaders from across the world including several African countries like Nigeria and South Africa.

The members of the board to be inaugurated by the Nigerian Vice President include Mr Tito Mboweni, an international advisor of Goldman Sachs, and former Chairman of the South African Reserve Bank, who will chair the board; Madame Monica Geingos, First Lady of Namibia, lawyer and entrepreneur; Professor Ibrahim Gambari, former UN Under-Secretary for Political Affairs, one-time Nigeria’s Permanent Representative to the United Nations and former Nigeria’s External Affairs Minister and Dr Charlotte Scott, former First Lady of Zambia and development specialist.

Others are Mr Gareth Ackerman, Chairman of Pick’n Pay, South Africa; Mr. Alex Duncan, Director and Consultant Economist, The Policy Practice, Brighton, United Kingdom; Mr Ivor Agyeman-Duah – Economist and author, Accra, Ghana; Governor Nasir El-Rufai, Governor of Kaduna State, Nigeria and Ms. Linda Mabhena-Olagunju, founder and Managing Director, DLO Energy Group (Pty) Ltd, South Africa.

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The Vice President who is departing Nigeria later today for London will be received by Oxford’s Pro-Vice-Chancellor and Warden, St. Antony’s College, Prof. Roger Goodman; Head, Oxford School of Global & Area Studies, Tim Powers and the Director of the African Studies Center, Prof. Wale Adebanwi.

During the lecture, Prof. Osinbajo would highlight the progress made by the Buhari administration in improving the country’s Human Capital development indices and investment climate, as well as the widespread impact of the National Social Investment Programmes (N-SIP).

The N-Power Volunteer Corps, which is a part of the N-SIP, and has so far provided employment for 500,000 young Nigerian graduates, demonstrates the commitment of the Federal Government to invest in the human capital development of Nigerian citizens, particularly the young people.

Also, the N-SIP includes schemes such as the Conditional Cash Transfer, which has helped lift thousands of the poorest Nigerians out of poverty, through the provision of N5,000 monthly stipends; the TraderMoni, which provides collateral & interest-free loans from N10,000 to petty traders nationwide, among other initiatives of the Buhari administration.

Besides, there is also the Homegrown School Feeding programme which provides one free meal a day to over 9 million primary school pupils, thereby boosting school enrichment and also addressing stunting concerns among young Nigerians of school age.

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Only last week, Prof. Osinbajo presided over a meeting of the National Economic Council’s Human Capital Development Core Working Group on Wednesday at the Presidential Villa, Abuja, and reiterated Buhari administration’s commitment to accelerate human capital development in the country.

According to the VP, “lifting our people out of poverty is a crucial agenda towards attaining intended developmental outcomes.”

The Vice President leaves for London this afternoon and is expected back in Abuja on Sunday.

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Rainstorm plunges forty Ogun communities into darkness

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Forty communities in Ogun State have been plunged into darkness following a rainstorm on Sunday.

The downpour, which began midday, destroyed electricity facilities in some parts of the state, leading to a blackout.

“Due to broken poles occasioned by the heavy downpour at Ota and Mowe, customers in the following communities: lyana lyesi, Osuke Town, Egan Road, lyana Ilogbo, Ijaba, Ijagba, Itele, Lafenwa, Singer, Joju, Alishiba, Oju Ore, Tollgate, Eledi, Akeja, Abebi, Osi Round About, Ota Town, Ota Industrial Estate, Igberen, lju, Atan, Onipanu, Obasanjo, Lusada, Arigba, Odugbe, Ado-Odo, Igbesa, Owode,” the Ibadan Electricity Distribution Company (IBEDC) said in a statement late Sunday.

“Olokuta, Hanushi, Bamtish Camp Lufiwape, Eltees Farm, August Engineering, Spark Cear Soap Ayetoro, Amazing Grace Oil, Christopher University, Royal Garden Estate, Pentagon Estate, and environs are experiencing power outages”.

It called on residents of the areas to avoid “contact with the broken poles, saggy wires or any other electrical installation affected by the rain.

“Our technical team is working to clear and replace the broken poles and installations to ensure power supply is restored as soon as possible,” IBEDC said.

A video circulating on social media showed fallen electricity poles on vehicles in a flooded Sango-Ota area of the state.

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Israel Vows To Increase ‘Military Pressure’ On Hamas In ‘Coming Days’

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(FILES) Israeli Prime Minister Benjamin Netanyahu (Photo by Abir SULTAN / POOL / AFP)

Prime Minister Benjamin Netanyahu on Sunday said Israel will increase “military pressure” on Palestinian militant group Hamas in a bid to secure the release of hostages held in Gaza.

“In the coming days we will increase the military and political pressure on Hamas because this is the only way to free our hostages,” Netanyahu said in a video statement on the eve of the Jewish holiday of Passover, threatening to “deliver additional and painful blows” without specifying.

Despite an international outcry, Netanyahu has repeatedly said that the army will launch a ground assault on Rafah, a southern Gaza city so far spared an Israeli invasion where more than 1.5 million Palestinians have taken refuge.

The army has said some of the hostages abducted from southern Israel during Hamas’s October 7 attack that sparked the war were being held in Rafah.

Military spokesman Rear Admiral Daniel Hagari said in a televised statement later on Sunday that “the chief of staff has approved the next steps for the war,” without offering details.

“On Passover, it will be 200 days of captivity for the hostages… We will fight until you return home to us.”

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FG to Launch CNG Initiative Ahead of Tinubu’s Anniversary

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The presidency announced on Sunday that the Federal Government is gearing up to launch its compressed natural gas (CNG) initiative in May, coinciding with President Bola Tinubu’s upcoming first anniversary in office.

Tinubu had declared the end of the fuel subsidy era during his inauguration, a move that led to a surge in fuel prices.

However, he assured the public of implementing measures to mitigate the impact, including the introduction of CNG-powered mass transit buses and tricycles.

According to presidential aide, Bayo Onanuga, the initiative is now ready to be set in motion after nearly a year in the making.

Onanuga stated in a late Sunday statement, “In all, over 600 buses are targeted for production in the first phase that will be accomplished this year.”

He further elaborated on the plans, mentioning, “A new plant on the Lagos-Ibadan Expressway will assemble thousands of tricycles.”

Onanuga revealed that parts manufactured by Chinese company LUOJIA, in partnership with local entities, are en route to Nigeria and expected to arrive early in May.

He added, “About 2,500 of the tricycles will be ready before May 29, 2024.”

The Federal Government aims to procure “5,500 CNG vehicles (buses and tricycles), 100 Electric buses, and over 20,000 CNG conversion kits,” Onanuga explained.

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He also highlighted efforts to facilitate the development of CNG refilling stations and electric charging stations.

President Tinubu’s approval of tax and duty waivers in December 2023 has paved the way for collaboration with the private sector to advance the initiative.

Onanuga noted, “The private sector has responded with over $50 million in actual investments in refueling stations, conversion centers, and mother stations.”

Additionally, plans are underway to assist petrol-powered buses and taxis in transitioning to CNG. Onanuga assured, “Thousands of conversion kits for petrol-powered buses and taxis that want to migrate to CNG are also ready with CNG cylinders.”

In response to negotiations with labour unions over the subsidy removal effects, Tinubu has urged patience from Nigerians, expressing confidence in the long-term benefits of his reforms.

As part of the government’s efforts, a package includes a temporary pay increase for federal employees, suspension of VAT on diesel, and social security cash transfers to the poorest citizens.

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