The African Development Bank (AfDB) says it is supporting African countries to implement their nationally determined contributions to promote green growth and energy transitions. Dr Akinwumi Adesina, the President, African Development Bank (AfDB), said this at the opening of the 2021 Annual Meetings of the AfDB, held virtually on Wednesday. According to Wikipedia, Nationally Determined Contributions (NDC) or Intended Nationally Determined Contributions (INDC) are non-binding national plans highlighting climate actions. This includes climate related targets for greenhouse, gas emission reductions, policies and measures that governments aim to implement, in response to climate change and as a contribution to achieve the…
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The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has stressed the need to generate more revenue from the non-oil sector to sustain the country’s economy. The Chairman of the Commission, Chief Elias Mbam said this when the Chief Executive Officer of Nigeria Exchange Commodities, Mrs Zaheera Ari, visited him in Abuja. The RMAFC boss said that the commission would collaborate with government agencies working towards enhancing revenue generation. Mbam, who emphasised the need to diversify the country’s economy from an oil-based one, which according to him, capable of sustaining the economy, said that more efforts were needed to explore the…
The United Nations Development Programme (UNDP) on Wednesday launched a research report that assessed the impact of conflict on development in North-East Nigeria. Launching the report in Maiduguri, Governor Babagana Zulum of Borno lauded the UNDP and other stakeholders for the report which, he said, aptly portrayed the destruction caused by the Boko-Haram insurgency resulting in deaths, displacement, loss of economic output and livelihoods, among others, in affected communities. Zulum lauded international partners for their support in stabilizing the Lake Chad region and appealed for more support to the region, which had recorded loss of livelihoods for about four million…
The Joint Admissions and Matriculation Board (JAMB) has lauded the introduction of the National Identification Number (NIN) in its examination exercise. This, the board said it helped in eliminating multiple registrations, impersonation and other malpractices associated with examinations. Dr Fabian Benjamin, JAMB Spokesperson disclosed this in a statement in Abuja on Wednesday. He said that the partnership with the National Identity Management Commission (NIMC) which mandated the use of NIN in the registration process made it virtually impossible for hired examination takers to register multiple times. He, however, refuted a media report that claimed that the introduction of NIN affected…
The Federal Accounts Allocation Committee (FAAC) on Wednesday said it shared a total of N605.958 billion as May 2021 revenue to the Federal, States and Local Governments as well as other relevant agencies. Mr Charles Nwodo, Director, Information, Ministry of Finance, Budget and National Planning, in a statement in Abuja, said the amount was shared during a virtual conference of the committee. The committee, in a communique, noted that the N605.958 billion shared included cost of collection to the Nigeria Customs Service (NCS), Department of Petroleum Resources (DPR) and the Federal Inland Revenue Service (FIRS). The committee also stated that…
The Delta Chapter of the Peoples Democratic Party (PDP) State Working Committee (SWC), on Wednesday slammed the one-month suspension on Senator Peter Nwaoboshi, over alleged anti-party activities. Nwaobishi is the PDP Senator representing Delta North Senatorial District in the National Assembly. The suspension notice is contained in a statement signed by the party’s State Publicity Secretary, Dr Ifeanyi Osuoza, in Asaba. Osuoza said “This action has become necessary against the backdrop of the recent romance with an opposition party, verbal recklessness and unprovoked utterances of Sen. Nwaoboshi, particularly against the person of Gov. Ifeanyi Okowa. “PDP SWC strongly viewed the…
Prof. Chukwuma Soludo, former Governor of the Central Bank of Nigeria (CBN) on Wednesday emerged the governorship candidate of All Progressives Grand Alliance (APGA) in November 6 governorship election in Anambra. Soludo scored a total of 740 votes out of 792 valid votes cast by delegates. Declaring the results of the exercise, Samson Olalere, the Returning Officer said Soludo fulfilled the provisions of Electoral Act and APGA guidelines. Olalere said Soludo beat his rivals, Rep Okwudili Ezenwakwo, Damian Okolo and Thankgod Ibeh who scored 41, 7 and 4 votes respectively. He said a total of 812 delegates were registered out…
The UN has reiterated its commitment to addressing the root causes of Gender-Based Violence (GBV) against women and girls in Sokoto State through collaboration with the media. The Chief of Party, UNICEF Sokoto Field Office, Mr Mohameden Fall stated the commitment at the opening of a four-day dialogue with media practitioners on, “Ethical Reporting and Advocacy to Eliminate Violence against Women and Girls in Sokoto”. The event, organized by the EU-UN Spotlight Initiative Project, is aimed at eliminating violence against women and girls, which globally afflicts one in three women in their lifetime. Fall said that the organisation would also…
The Securities and Exchange Commission (SEC) has given approval to Chaka Technologies Ltd. to operate a digital platform for buying and selling of local stocks. Mrs Efe Ebelo, Head, Corporate Communications, SEC, said on Wednesday in Lagos, that the company’s application was approved last week by the commission. She added that the company was licensed to operate as sub-broker (digital) trading on local stocks. Chaka Technologies, with the approval, becomes the first to acquire the digital sub-brokers license introduced by SEC in April. The approval came after months of uncertainty regarding regulations of digital trading in Nigeria. Confirming the approval,…
An Abuja-based legal practitioner, Mr Emeka Okoye has dragged the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) and 36 state governors to court over failure to implement financial autonomy for judiciary. In his originating summons dated June 18, Okoye sued the 36 states through their attorneys- general. In the suit marked FHC/ABJ/CS/502/2021, the plaintiff, through his counsel, Mr Oba Maduabuchi (SAN) is seeking an order of the Federal High Court, directing FAAC (2nd defendant) to henceforth pay directly, all monies standing to the credit of the judiciary to the National Judicial Council (NJC). Okoye also prayed the court for an order directing…