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UN chief says world must move from ‘managing crises to preventing them’.

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Africa Day’ 2017 comes at an important moment in the continent’s endeavours towards peace, inclusive economic growth and sustainable development United Nations Secretary-General, António Guterres said, urging humanity to listen and learn with the people of Africa.

“All of humanity will benefit by listening, learning and working with the people of Africa. It starts with prevention. Our world needs to move from managing crises to preventing them in the first place. We need to break the cycle of responding too late and too little,” said Mr. Guterres in his message commemorating Africa Day.

The UN chief pointed out that most of today’s conflicts are internal, triggered by competition for power and resources, inequality, marginalization, disrespect for human rights and sectarian divides. Often, they are inflamed by violent extremism or provide the fuel for it.

But prevention goes far beyond focusing solely on conflict.

“The best means of prevention and the surest path to durable peace is inclusive and sustainable development. It is critical to continue building more effective and accountable institutions to address governance challenges, advance the rule of law and promote civil, political, economic, social and cultural rights,” he stressed.

As the international community has entered the second year of implementing the 2030 Agenda for Sustainable Development to tackle global poverty, inequality, instability and injustice, Mr. Guterres highlighted that Africa has adopted its own complementary and ambitious plan: Agenda 2063.

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“For the people of Africa to fully benefit from these important efforts, these two agendas need to be strategically aligned,” he said.

All of humanity will benefit by listening, learning and working with the people of Africa

We can speed progress by doing more to provide opportunities and hope to young people.

Mr. Guterres referred to last month’s first-ever UN–African Union annual conference as “a unique opportunity to strengthen our partnership and establish a higher platform of cooperation,” saying: “Our work is based on four driving principles: mutual respect, solidarity, complementarity and interdependence.

Mr. Guterres said that the UN partnership with Africa is also rooted in a deep sense of gratitude.

“Africa provides the majority of United Nations peacekeepers around the world. African nations are among the world’s largest and most generous hosts of refugees. Africa includes some of the world’s fastest-growing economies,” he elaborated.

Turning to youth, he noted “We can speed progress by doing more to provide opportunities and hope to young people. More than three out of five Africans are under 35 years of age. Making the most of this tremendous asset means more investment in education, training, decent work and engaging young people in shaping their future.”

The UN chief also stressed: “We must also do our utmost to empower women so they can play a full role in sustainable development and sustainable peace. I am pleased that the African Union has consistently placed a special focus on gender equality and women’s empowerment.”

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He also reaffirmed his commitment as a partner, friend and committed advocate for changing the narrative about this diverse and vital continent.

“Crises represent at best a partial view. But, from a higher platform of cooperation, we can see the whole picture – one that recognizes the enormous potential and remarkable success stories throughout the African continent,” concluded the Secretary-General.

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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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