Development
Development
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Global carbon pricing generates record $84 billion in revenue
Global carbon pricing revenue in 2021 increased by almost 60 percent from 2020 levels, to around $84 billion, providing an important source of funds to help support a sustainable economic recovery, finance broader fiscal reforms, or invest in communities as part of the low-carbon transition future, according to the World Bank’s annual “State and Trends of Carbon Pricing” report released…
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Oyo inaugurates Human Capital Development Council
By Richard Thomas, Ibadan Oyo State government on Wednesday inaugurated it’s Human Capital Development (HCD) Council for sustainable development in the state. The inauguration held at the Governor’s Office was convened by the Secretary to the State Government and Chairperson of the Council, Mrs. Olubanwo Adeosun on behalf of the Governor Seyi Makinde. Speaking at the event, the state Focal Person…
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Sheriff Banki charges youths to play active roles in 2023 election
The Convener, National Youths Inclusive In Governance Organisation, Sheriff Banki has charged Nigerian youths to play active roles such that will determine the sustainability of the nation’s democracy as the general election gathers momentum. Banki gave the charge while addressing South West youths at a political forum held in Ibadan, saying now is the time for them to act and determine…
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ASUU: UI students disrupt business activities in Ibadan, threaten more protests
By Richard Thomas, Ibadan Students of the University of Ibadan on Friday staged a protest and disrupted commercial activities at Mokola roundabout, Sango Markets and Agbowo Shopping complex areas of Ibadan, the Oyo State capital over the ongoing strike by the Academic Staff Union of Universities (ASUU). The students who carried placards with various inscriptions threatened to shut down business activities in Ibadan and…
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No reduction in gas flaring volumes, says 2022 Global gas flaring tracker report
The 2022 Global Gas Flaring Tracker, a leading global and independent indicator of gas flaring, said reductions in both absolute flare volumes and flaring intensity stalled in the last decade, despite strong early progress. Impressive reductions in some countries have not offset concerning increases in others. The top 10 flaring countries accounted for 75 percent of all gas flaring and…
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COP15: Global GDP could gain $140tn a year, if objectives of the UN Convention to combat desertification is achieved
The global economy could increase by more than $140 trillion a year[1], or 1.5 times the annual global GDP, if the objectives of the United Nations Convention to Combat Desertification (UNCCD) are achieved, participants heard during a side-event at the 15th summit of the UNCCD. Camilla Nordheim-Larsen, Senior Partnerships and Resource Mobilization Coordinator at the UN Convention, noted that action…
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Remittances to reach $630bn in 2022 with record flows into Ukraine
Officially recorded remittance flows to low- and middle-income countries (LMICs) are expected to increase by 4.2 percent this year to reach $630 billion. This follows an almost record recovery of 8.6 percent in 2021, according to the World Bank’s latest Migration and Development Brief released today. Remittances to Ukraine, which is the largest recipient in Europe and Central Asia, are…
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African Development Fund helps women, children in Burkina Faso overcome food insecurity
Despite its tremendous agricultural potential, Burkina Faso has long grappled with the thorny problem of food and nutrition security. Poor water usage, environmental degradation, vulnerability to climate change and lack of access to finance and to nutrition information are just some of the causes of food insecurity, which is widespread in the Sahel region. And in a country, where 82%…
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Spain to approve menstrual leave for women
Women who suffer from severe menstrual pain will be allowed to take a leave from work for up to three days each month, under a reform plan set to be approved by Spain’s government next week. According to the Spanish Gynaecology and Obstetrics Society, around a third of women who menstruate suffer from severe pain known as dysmenorrhea, with that…
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Buhari tasks World Bank, AfDB, others to support One Planet Summit initiative, activate $19bn fund
President Muhammadu Buhari Monday in Abidjan urged the World Bank, African Development Bank (AfDB) and other partners to support the One Planet Summit initiative and activate the $19 billion pledge, which will be utilized for land restoration, tree planting, development of climate resilience infrastructure and investments in small and medium sized farms. President Buhari also underscored the importance of recharging…
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