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Rotary announces US$96.5 million to end polio

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Rotary  today announced nearly US$100 million in grants to support the global effort to end polio, a vaccine-preventable disease that once paralyzed hundreds of thousands of children each year.

The announcement comes as Nigeria marks two years without any reported cases of wild poliovirus, following four reported cases in 2016.

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“Nigeria has prevented further cases of wild poliovirus thanks to the improved surveillance and rapid response protocols Rotary and its partners have supported, particularly in Borno,” said Dr. Tunji Funsho, chair of Rotary’s Nigeria PolioPlus Committee. “We must remain vigilant about maintaining political and financial support to ensure strengthened immunization practices as we redouble our efforts toward ending polio in Nigeria and around the globe.”

Concurrently, Pakistan has made strides in reducing reported cases of wild poliovirus, having lowered its case count from 306 in 2014 to only eight reported cases in 2017.

“Nigeria’s progress proves that halting the spread of wild poliovirus is possible,” said Aziz Memon, chair of Rotary’s Pakistan PolioPlus Committee. “Although we currently have a record low number of reported cases of polio in Pakistan, we must remain vigilant about implementing the rapid response and surveillance protocols Rotary and its Global Polio Eradication Initiative partners have established and focus on accelerating our efforts toward eradicating polio.”

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While significant strides have been made against the paralyzing disease, wild poliovirus is still a threat in parts of the world, with 10 cases in Afghanistan and three cases in Pakistan this year so far. As long as a single child has polio, all children are at risk, which underscores the need for ongoing funding and political commitment to eradication.

To support polio eradication efforts in countries where polio remains endemic, Rotary is allocating the majority of the funds it announced today to: Afghanistan ($22.9 million), Pakistan ($21.7 million), and Nigeria ($16.1 million).

Further funding will support efforts to keep 12 vulnerable African countries polio-free: Cameroon ($98,600), Central African Republic ($394,400), Chad ($1.71 million), Democratic Republic of the Congo ($10.4 million), Guinea ($527,300), Madagascar ($690,000), Mali ($923,200), Niger ($85,300), Sierra Leone ($245,300), Somalia ($776,200), South Sudan ($3.5 million), and Sudan ($2.6 million). Africa will also see $5.8 million in funding for surveillance activities and $467,800 for technical assistance. Additional funding will go to Bangladesh ($504,200), Indonesia ($157,800), Myanmar ($197,200), and Nepal ($160,500), with an additional $96,300 funding surveillance in Southeast Asia. The remainder of the funding ($6.6 million) will go to the World Health Organization (WHO) for research activities.

Rotary has committed to raising $50 million a year to be matched 2-to-1 by the Bill and Melinda Gates Foundation, amounting to $450 for polio eradication activities over a three-year period. To date, Rotary has contributed more than $1.8 billion to fight the disease, including matching funds from the Gates Foundation, and countless volunteer hours since launching its polio immunization program, PolioPlus, in 1985. In 1988, Rotary became a core partner in the Global Polio Eradication Initiative with the WHO, UNICEF, and the U.S. Centers for Disease Control and Prevention. The Gates Foundation later joined. Since the initiative launched, the incidence of polio has plummeted by more than 99.9 percent, from about 350,000 cases in 1988 to 22 confirmed in 2017.

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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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