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What Nigeria needs to worry about, by Obasanjo

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As Sultan of Sokoto called for more funding to research and extension

 

Nigeria’s changing demography driven by rapid growth in population coupled with a stagnant and in some cases retrogressing agricultural productivity are challenges that the country needs to worry about, says Nigeria’s former President, Chief Olusegun Obasanjo at the just concluded Nigeria Zero Hunger Forum (NZHF) in Sokoto.

The former president noted that by 2050, the country’s population would be over 400 million, and the increase in population would put pressure on food systems as more people would require food to eat for survival.

Chief Obasanjo said Nigeria should begin to think and proffer solutions to this coming challenge that the country would be faced with in no distant future.

Chief Obasanjo’s position was reechoed by the former Governor of Adamawa State, Alh. Murtala Nyako who canvassed for greater youth involvement in agriculture.

Alh. Nyako underscored the importance of nutrition to the peace and security of the nation, stressing that a well-nourished population is calmer than one that is not.

Alh. Nyako added that the restiveness being experienced across the nation is correlated to poor nutrition among children who end up stunted with low intelligence quotient.

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His Eminence, Sultan of Sokoto Mahammadu Sa’ad Abubakar, commended the Nigeria Zero Hunger initiative, and lauded Chief Obasanjo for taking the driver seat to move the initiative forward.

The Sultan, who is the spiritual head of Muslims in Nigeria, called on the Federal and State governments to fund agricultural research and extensions services.

Dr Kenton Dashiell, Deputy Director General for Partnerships and Delivery at the International Institute of Tropical Agriculture (IITA) said the task of ending hunger required partnerships and collaboration among all actors in the agriculture value chain.

Dr Dashiell while reading the communique, which was released today (Monday), disclosed that the participating states—Benue, Borno, Ebonyi, Ogun, Sokoto and Kebbi— of the zero hunger forum were on track, and have made progress towards the attainment of zero hunger.

While commending the efforts of Sokoto state, especially in agriculture financing, Dr Dashiell said Sokoto and Kebbi were among the few states in Nigeria that had met the Maputo Declaration of allocating 10 percent of annual budgets to agriculture.

Efforts by Sokoto state to tackle malnutrition were also appreciated especially the investment in the Ready-to-Use Therapeutic Foods (RUTF) towards addressing malnutrition in children.

The communique noted that addressing malnutrition is key for Sokoto state. In this context, the government was advised to partner with the private sector in the establishment of food manufacturing industries that would produce Ready-to-Use Therapeutic Foods (RUTF) using local materials and targeting children.

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It was also agreed that awareness on breast feeding should be intensified and that women should be supported in nutrition-enhancing enterprises that would provide nutritious food options to the population and at the same time serve as income generating activities for women.

The Governor of Sokoto State, Hon Aminu Waziri Tambuwal, appreciated the NZHF for giving the hosting the hosting right to Sokoto and reiterated the commitment of the states towards ending hunger.

He promised to constitute a technical committee on zero hunger to help the state achieve the targets set in the Sustainable Development Goals especially goal number 2 also known as Zero Hunger.

 

 

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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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