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UNESCO Commits to Safeguarding Lake Chad

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UNESCO will bring a preservation project focusing on research and the dissemination of knowledge, the rehabilitation of wetlands and wildlife corridors, and the promotion of sustainable income generating activities to the International Conference on Lake Chad, which will take place in Abuja (Nigeria) from 26 to 28 February.

Known as BIOPALT, the French acronym for biosphere and heritage of Lake Chad, the project will be implemented by UNESCO in partnership with the Lake Chad Basin Commission (LCBC), starting on 26 February, as the international conference opens. BIOPALT will be the subject of a roundtable discussion with representatives of UNESCO, the LCBC, political leaders, scientists and representatives of local communities from the Lake Chad Basin.

Funded by the African Development Bank for a period of three years, the project aims to take stock of Lake Chad’s water and other natural resources alongside socio-economic and cultural factors. It also aims to reinforce local capacities in natural and cultural heritage preservation and undertake pilot activities for the rehabilitation of some ecosystems and the promotion of a green economy.

In close consultation with local populations, BIOPALT will contribute, for example, to the rehabilitation of wildlife migration corridors between Chad, Cameroon and Nigeria, notably for elephants, preserve oases and prevent the drying up of water supplies by restoring ponds.

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It will also focus on income generating activities such as the production of spirulina, an algae traditionally harvested by women, and support efforts to preserve Lake Chad’s iconic Kuri cattle, an endangered species.

BIOPALT is also designed to help the countries bordering the lake to work together so as to meet the management and preservation standards required for transboundary sites in the Lake Chad Basin to Biosphere Reserve and a World Heritage sites.

Two Biosphere Reserves are currently established in the Lake Chad Basin: Waza (Cameroon) and Bamingui Bangoran (Central African Republic) as well as two World Heritage sites: Manovo-Gounda St Floris National Park (Central African Republic) and Lakes of Ounianga (Chad).

The Lake Chad Basin is an important source of fresh water on which more than 40 million people in Cameroon, the Central African Republic, Chad, Niger and Nigeria depend. Rainfalls have decline over the past 50 years and the lake’s surface area has shrunk by more than 90%, affecting the region’s ecosystems and economy.

The Lake Chad Basin Commission and UNESCO have been sharing information concerning the conservation of Lake Chad since 2011. The Organization is also working in the region through its International Hydrological Programme (IHP), which has notably carried out a project concerning the management of underground water resources in the Basin (1997 to 2004).

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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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