Skip to main content

"Synergy, Commitment Are Key to Global Energy Sustainability, Says Bounour

By Favour Ifeoluwa & Akinola Ajibade  The Chief Executive Officer, Egbin Power Plc, Mr Mohktar Bounour says global transition to cleaner energ and sustainable environment are achievable, as long as there is strong synergy and commitment among stakeholders in the value chain.  He spoke during the maiden edition of  Asharami Square in Lagos. This is an initiative introduced and implemented by the Sahara Group, in order to amplify discourse on energy sustainability through  media advocacy globally. He said: " Having analyzed the percentage of global greenhouse emissions attributed to sectors including electricity/heat production, agriculture/forestry and transportation, we are realised that there is need for synergy  and renewed commitment among stakeholders". According to him, Egbin Power has unwavering commitment to reduce carbon emissions and promotes sustainable energy sources, stressing that the need to depeening engagement and advocacy among stakeholders in
Post a Comment

Russia-Ukraine crises; UN, AfDB to boost food supples in Africa


By Akinola Ajibade

African countries would get rid of hunger and famine caused by the war in Russia and Ukraine soon,.if plans by the African Development Bank( AfDB), United Nations ( UN) and other Multilateral  Agencies  to  boost food supply in  the continent, is anything to go by..

This happens as AfDB and other Developmtal  Agencies are making plans to improve food production in Africa in order to avert the heavy toll, which the on-going  Russia-Ukraine war would have on the African continent 

Russia is one of the major producers/ exporters of wheat in the world,  a development, which its. war with Ukraine has affected 

A United Nations report had found that more than 70% of Africa’s economies are at severe risk from Russia’s war in Ukraine.

The report said  that immediate and efficient use of all existing mechanisms to help countries directly suffering from the war and its consequences are urgently needed. 

Speaking on the issue the African Development Bank Group President Dr. Akinwumi . Adesina said that the need to lessen the impacts of the Russia-Ukraine war on Africa is important.

He noted that the Bank has an emergency food plan for countries in the continent, adding that efforts are being made to build on the success of the programmes, especially the African Development Bank’s Technologies for African Agricultural Transformation (TAAT) initiative to raise food production in countries in the continent. 

The Bank, he said, would help 40 million farmers increase their harvests of heat-tolerant wheat varieties, rice, soybean and other crops to feed about 200 million people.

“If ever there was a time to drastically raise food production in Africa, it is now,” he  added.

Prior to this period, the United Nations, according to its Secretary-General Antonio Guterres announced had in March this year, established  32-member UN Global Crisis Response Group. 

The members of the group, he said, iare the heads of the various organizations in the world, stressing that they found out that 41 African countries are facing  maximum exposure to at least one emergency caused by the war

“The war is supercharging a three-dimensional crisis – food, energy and finance – that is pummeling some of the world’s most vulnerable people, countries and economies, , Gutteres said. 

He said that the Global Crisis Response Group will help decision-makers around the world mobilize solutions and develop strategies and recommendations to help all countries—including the most vulnerable—weather the interlinked crises.

Guterres further  said that action plans recommended by Global Crisis Response Group described  African countries as the most vulnerable to the looming crisis.

Recall that  1.7 billion people in 107 economies are exposed to at least one of the three risks highlighted by the Global Crisis Response 


Comments

Post a Comment

Popular posts from this blog

HAPPY 70 TO ELDER ADE ADEDAMOLA OGIDAN

PLATINUM BIRTHDAY ANNIVERSARY OF ELDER ADE ADEDAMOLA OGIDAN, A FOREMOST JOURNALIST & EDITOR By Favour Ifeoluwa & Akinola Ajibade Like a new born child, beaming with smiles for coming out of his mother's womb in order to live a fulfiled life, the celebrator,Ade Ogidan fits perfectly well into this category. Simply known as AAO, a shorten form of Ade Adedamola Ogidan, the thorough based journalist is without doubt, a  well grounded newsman.. With Bachelor of Science ( BSC) Degree in   Sociology and Anthropology( 1976 ) from University of Nigeria, Nsukka,  Ogidan has cut his teeth well in Journalism. Prior to this, he  taught in Osogbo Grammar School and worked at the Nigerian Communication respectively  after his youth service, a development, which no doubt prepared  him well for journalism profession and other future engagements. Pragmatic, resilient and outspoken, where it matters, Ogidan ensured  that his tenure as the first Chairman of Pineapple Estate, Ikorod
1 comment
Read more

NNPC Completes Mechanical Rehabilitation of Port Harcourt Refinery Plant

By Favour Ifeoluwa & Akinola Ajibade The Nigerian National Petroleum Company (NNPC) Limited, says that it has mechanically completed the rehabilitation of Area 5 Plant of the Port Harcourt Refining Company (PHRC). The nation's oil company began rehabilitation of the refinery two years ago, while at the same time, promised to complete its by 31st December 2023. The Group Chief Executive Officer, NNPC Ltd., Mr. Mele Kyari, said as of December 15th, 2023, 84.4% of Area 5 Plant, a key component of the Refinery, and 77.4% of the entire rehabilitation project have been completed. “In our quest to ensure that this refinery is re-streamed to continue to deliver value to Nigerians, we made a promise that we will reach a mechanical completion of phase one of the rehabilitation project by the end of December and get the other plants running in 2024. Today, we have kept those commitments,” Kyari stated. The GCEO commended NNPC's staff and the EPCIC contractors for doing a g
Post a Comment
Read more

Fed Govt Commences New VAT Sept 1

By Favour & Akinola Ajibade Buoyed by the resolve to deepen the country's revenue base and further and further speed up implementation of capital projects in Nigeria, the  Federal Government will in the next six days, precisely September 1, this year, starts collecting the  new Value Added Tax( VAT).  The government is achieving  this goal through the Federal Inland Revenue Service(FIRS).  FIRS, in a statement,  said subject to the Finance Act 2023, VAT withheld or collected, VAT on items excluded from building, the new Tertiary Education Tax rate of 3 per cent and Investment Allowances and Convertible Currencies will become effective September 1, 2023. Certain amended provisions of the Finance Act 2023 were enacted on 28th May, 2023 with the effective date of 1st May 2023. However, the effective date was changed to 1st September 2023. Some of the amended Sections are 14 (3) which deals on VAT Withheld or Collected. The VAT Act was amended to the effect that persons
Post a Comment
Read more