Development
Development
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World is on ‘highway to climate hell’, UN chief warns at Cop27 summit
Humanity is on a “highway to climate hell”, the UN secretary general has warned, saying the fight for a liveable planet will be won or lost in this decade. António Guterres told world leaders at the opening of the Cop27 UN climate summit in Egypt on Monday: “We are in the fight of our lives and we are losing ……
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COP27: Rwanda raises $104m in green investment
Rwanda has raised $104m in green investment that will be put in projects that support climate change at the ongoing Climate conference in Egypt. The money was raised at the launch of Ireme Invest by President Paul Kagame who led his country’s delegation. Rwanda’s green investment facility raised the unexpected amount in its first capitalization. In a post on his…
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Past eight years warmest on record, UN report warns
The past eight years are on track to be the hottest ever recorded, a United Nations report finds, as UN Chief, Antonio Guterres warns that the planet is sending “a distress signal”. The UN’s weather and climate body released its annual state of the global climate report on Sunday with yet another warning that the target to limit temperature increases…
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South Africa gets $497m from World Bank for clean energy sourcing
South Africa, one of the world’s largest greenhouse-gas emitters, has been granted financing of $497m to decommission one of its largest coal-fired power plants and convert it to renewable energy, the World Bank said. In a statement overnight on Thursday, the bank said the newly closed Komati power station about 170 kilometres (105 miles) northeast of Johannesburg will be repurposed…
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KEIZAI DOYUKAI, African Development Bank Group sign letter of intent to strengthen cooperation and business ties between Japan and Africa
KEIZAI DOYUKAI, or the Japan Association of Corporate Executives has signed a statement of intent with the African Development Bank Group to foster closer collaboration and strengthen business ties between Japan and Africa. The signing took place on the sidelines of the Africa Investment Forum Market Days 2022, taking place in Abidjan, Côte d’Ivoire. The DOYUKAI, a private, nonprofit, nonpartisan…
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Federal Government explains interventions in nutrition, food systems
Beyond physical safety, securing the livelihoods of Nigerians was a guiding principle of the Buhari administration’s policy and interventions in nutrition and food related issues, according to Vice President Yemi Osinbajo. Prof. Osinbajo stated this Thursday when he was honoured with the Award of ‘National Nutrition Vanguard’ by the Nutrition Society of Nigeria (NSN) in a brief ceremony held at…
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‘Don’t travel to Uganda for now,’ NCDC issues travel advisory over Ebola outbreak
Nigeria Centre for Disease Control (NCDC) on Monday cautioned Nigerians and other residents against embarking on non-essential travel to Uganda for now. The NCDC Director-General, Dr Ifedayo Adetifa, issued the caution in a statement in Abuja. He stated that the warning is to enable public health authorities to determine how Ebola outbreak will be contained. The News Agency of Nigeria…
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Osinbajo, ex-Colombian leader, AFDB lead jobs creation effort with launch of billion dollars carbon market in Africa
The Federal Government is now pioneering a voluntary billion dollars’ worth Carbon Market on the continent, a new and innovative Climate Change solution which will create, over the period of energy transition, millions of new jobs in Nigeria alone, according to estimates of the international experts. This is part of efforts of the Federal Government to attain the global net-zero…
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Utilise ecological funds to handle flooding, BMO admonishes states, LGAs
The Buhari Media Organisation (BMO) has admonished States and local governments in the country to rise to the challenges of flooding in the country by utilising their shares of the ecological funds in a responsible manner. The group noted that the ecological fund, as an emergency intervention fund for such a disaster like flooding, is shared among the three tiers…
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AfDB, IsDB, IFAD partner FG to boost economy with special agro-industrial zone
*Kano, Imo, Kaduna, Cross River, Kwara, Oyo, Ogun & FCT benefit in first phase *VP receives Islamic Development Bank President at Presidential Villa With the launch of the Special Agro-industrial Processing Zone (SAPZ) programme, Nigeria can, in less than a decade, banish food insecurity, while radically improving export earnings from agriculture, creating millions of lucrative agro-industrial jobs and opportunities for…
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