Tag: Nigeria

  • Nigeria will soon dazzle the world, says First Lady

    Nigeria will soon dazzle the world, says First Lady

    • Senator Tinubu hosts Turkish Ambassador

    The First Lady, Senator Oluremi Tinubu, has urged Nigerians to have a good sense of patriotism and believe in themselves.

    She said Nigeria would soon take a lofty place in the comity of nations.

    Mrs. Tinubu said this while hosting the Ambassador of the Republic of Turkiye in Nigeria, Hidayet Bayraktar, yesterday at the State House Abuja.

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    In a statement by her Senior Special Assistant on Media, Busola Kukoyi, the First Lady said: “We have not explored in our country. We have so much that God has blessed us with.

    “I know Turkiye wants to encourage Nigeria and the whole of Africa, and we are grateful. We are looking forward to when Nigeria would take her place in the comity of nations, and that is very soon.”

    Ambassador Bayraktar said Turkish nationals looked forward to improved collaborations with Nigeria, especially in security, energy, construction, by using entertainment to enhance culture and health.

    “We are hoping that a Turkish Hospital would be established here and that would reduce medical tourism. People should get to know Nigeria and its culture through the film industry,” Bayraktar said.

    The envoy informed Senator Tinubu of the eagerness of Turkiye’s First Lady to attend the forthcoming Organisation of African First Ladies for Development (OAFLAD) for Nigeria’s campaign launch of #WeAreEqual on May 13.

  • Nigeria’ll soon take place in comity of nations — First Lady

    Nigeria’ll soon take place in comity of nations — First Lady

    The First Lady Senator Oluremi Tinubu has assured Nigeria will soon take its place in the comity of nations.

    She was speaking while receiving the Ambassador of the Republic of Turkey in Nigeria, Hidayet Bayraktar, at the State House Abuja, on Thursday.

    According to a statement by her Senior Special Assistant on Media, Busola Kukoyi, the First Lady said: “We have not explored in our country. We have so much that God has blessed us with.

    “I know Turkey wants to encourage Nigeria and the whole of Africa and we are grateful. We are looking forward to when Nigeria would take her place in the comity of nations, and that is very soon.”

    Read Also: Tinubu appoints Wike’s man, Woke, as Ogun-Osun River Basin Development Authority’s MD

    Ambassador Hidayet Bayraktar disclosed that Turkish Nationals are looking forward to improved collaborations with Nigeria, especially in security, energy, construction, using entertainment to enhance culture and health.

    “We are hoping that a Turkish Hospital would be established here and that would reduce medical tourism. People should get to know Nigeria and its culture through the film industry,” Bayraktar said. He informed Senator Oluremi Tinubu of the eagerness of the First Lady of Turkey to attend the forthcoming Organisation of African First Ladies for Development, OAFLAD Nigeria’s campaign launch of #We Are Equal holding on the Monday 13th May, 2024.

  • Nigeria to consolidate on gains of blockchain adoption

    Nigeria to consolidate on gains of blockchain adoption

    Nigerian blockchain experts and enthusiasts will join others from Canada for the sixth Blockchain Futurist Conference from August 13 to 14.

    It is the largest blockchain conference in North America, and aims to be the world’s most notable events this year.

    Some stakeholders on West African entourage are Financial Market Analyst, Ehimare Okogbenin; Investment Banker, Emordi Samuel; Data Analyst, Ngozi Uzoma; Blockchain Enthusiast, Joy Onwe; E-Business Personnel, Gabriel Michael; Web Development and Blockchain Expert, Micah Damian; Blockchain Expert Adodo Thomas and Nneka Osagie.

    Attendees will leverage multiple platforms to create a future universe within a conference. The conference consists of multiple stages, with over 7,000 attendees, 200+ partners, 1,000+ Web 3 developers, and 100+ media personnel.

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    Organised by Untraceable Events, the conference will delve into themes as bitcoin, staking, Web 3, and decentralised finance.

    Nigerian delegation will consolidate on gains of blockchain adoption and growth of digital economy, as reports rank the country as the third fastest-growing crypto-currency market globally.

    Business interest and governments have been driving growth for end-to-end applications as supply chain management, financial inclusion, remittances, startups and innovation, and identity verification, among others.

    Okogbenin noted West Africa continues to remain critical to adoption of blockchain technology, while platforms such as Futurist Blockchain Conference can deepen partnerships.

    He said: “An important plan in driving innovation is partnerships and knowledge-sharing, which is something forums such as this offers.”

    Uzoma said: “Despite government regulation on crypto-currency, blockchain technology continues to grow. But we have just scratched the surface, there’s a lot more ground to conquer. One success factor would be collaboration, and this is what makes the conference exciting for me.”

  • When is Nigeria’s industrial revolution happening?

    When is Nigeria’s industrial revolution happening?

    Sir: Available data suggest that the contribution of manufacturing to Nigeria’s GDP has been on a decline for nearly four decades – Nigeria is said to be less industrialized today than we were 40 years ago. With oil and gas as the dominant source of our revenue and export earning, we abandoned our national drive for industrialization, dating back to the 60s under the first National Development Plan that embraced import-substituting industrialization, with the objective of mobilizing national economic resources and deploying them on a cost/benefit basis among contending projects as a strategic attempt at industrial development.

    According to data from the National Bureau of Statistics, in 2018, manufacturing contributed 9.2% to GDP, 9.06% in 2019, 8.99% in 2020, 8.98% in 2021, 8.92% in 2022, and 8.23% in the fourth quarter of 2023.

     To accelerate Nigeria’s industrialization strategy and unlock our economic potential beyond oil and gas, which accounts for over 90% of export earnings and about 65 % of government revenue, Nigeria must go beyond talks, to building an economy of improved commodities and increased share of global manufacturing output. Notwithstanding the constitutional and structural contradictions in our federal framework, both the national and subnational governments must actively promote industrial development beyond just “putting in place” enabling environments and conditions for industrialization, including infrastructure, favourable investment climate, security, and a skilled workforce – to creating systematic approach to identify and nurture infant industries.

    Read Also: AIDO holds 6th convention to celebrate African culture in Nigeria

    To nurture and support industries that focus on agro-allied, metals and solid minerals, oil and gas, construction, light manufacturing and services, the 2014 Nigerian Industrial Revolution Plan was designed as a policy framework for Nigeria to become a preferred source for supplying low and medium technology consumer and industrial goods domestically and locally, thereby create wealth, jobs and import substitution. Ten years after the policy was unveiled, the plan has not been implemented to achieve the target objectives. This is not far from the fact that we lack industrial revolution governance that can seriously define and give direction on Nigeria’s decade of industrialization.

    Industrial revolution governance is required to put in place the essential elements for industrial transformation that will develop our manufacturing capability, improve economic management, promote macro-economic stability and better use of state resources. It is purposeful governance that led to China’s industrialization success, which resulted to her overtaking the United States to become the world’s largest producer of manufactured goods in 2011, creating jobs for millions of Chinese, lifting 700 million people out of extreme poverty, creating wealth, improving living standards and ensuring food security for all.

    How then can Nigeria fuel the fundamental factors for industrialization?

    The first step in the right direction is to conquer procurement and contract corruption in the infrastructure development sector. Inadequate infrastructure is the most pressing constraint on Nigeria’s industrialization and unless money allocated to building roads, power projects, water and other enabling infrastructure for industrialization are properly utilized, Nigeria can hardly achieve her industrialization objectives.

    Contract and procurement fraud is estimated at approximately N2.9 trillion over the period of 2018 to 2020 alone, which accounts for 10% of the total budgetary allocations for that period – funds that could have provided critical infrastructure for many communities. Nigeria needs adequate infrastructure and energy to power our industrialization. If we reduce corruption, then such industrialization enabling legal and policy frameworks like the Electricity Act will be fully implemented to ensure that relevant stakeholders: states, companies, and individuals, empowered by the Act to generate, transmit, and distribute electricity, do not only invest in power projects that will power our industrialization but must ensure corporate governance that will sustain a healthy energy ecosystem.

    Another variable for Nigeria’s industrialization is quality education. Almost all industrialized countries were able to harness education, research, technology, technical and vocational education as a tool for growth. Britain prioritized new scientific inventions, developing the steam engine; Germany and Japan focused on solid engineering education and technological development; Singapore shows Asia’s greatest success stories in transforming from a developing country to a modern industrial economy in one generation, and this was due to her investment in education.  

    Talks on Made-in-Nigeria will remain in the pipe line unless we get our politics right, to be able to prompt consistent industrialization policies, provide good governance that will ensure macroeconomic stability, and make Nigeria’s desire to produce what she eats and eats what she produces a possibility. Nigeria has all the variables for industrialization, we only need leaders with clear vision to know that Nigeria’s greatness cannot be achieved with foreign aid but our local productivity.

    •Ekpa, Stanley Ekpa Esq,ekpastanleyekpa@gmail.com

  • Nigeria okays Fund for Export Development in Africa deal

    Nigeria okays Fund for Export Development in Africa deal

    Nigeria has acceded to the establishment agreement for the Fund for Export Development in Africa (FEDA), the development impact investment platform of the African Export-Import Bank (Afreximbank).

    Nigeria joins the ranks of countries acceding to the agreement, becoming the 16th nation to do so. This underscores the increasing backing the Fund enjoys among African nations.

    The move follows Afreximbank’s establishment in Nigeria, a key milestone that demonstrates Nigeria’s continued commitment to supporting the bank and FEDA’s missions.

     “FEDA sees new memberships as critical to broadening its scope of interventions and its mission of delivering long-term capital to African economies, with a focus on industrialisation, intra-African trade and value-added exports. The signing of the FEDA Establishment Agreement is expected to pave the way for the ratification of the Agreement in due course. This will in turn bolster FEDA’s interventions in Nigeria,” the bank said.

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    President, Afreximbank/Chairman, Afreximbank and FEDA, Prof. Benedict Oramah, said: “We extend our sincere appreciation to the Federal Republic of Nigeria for the signing of the FEDA Establishment Agreement. This significant achievement further strengthens the already robust partnership between Afreximbank and Nigeria, one of the bank’s foremost supporters.

    “The partnership will enhance investments in sectors critical to the development journey of Nigeria.”

    Other countries who have acceded to the agreement include Rwanda, Mauritania, Guinea, Togo, South Sudan, Zimbabwe, Kenya, Chad, Republic of the Congo, Gabon, Sierra Leone, São Tomé and Príncipe, Equatorial Guinea, Ghana and Egypt.

  • Why Nigeria’s agri-exports are failing to tap full potential, by expert

    Why Nigeria’s agri-exports are failing to tap full potential, by expert

    Lack of quality testing and poor packaging are among the reasons that hold back Nigeria’s agricultural export potential, despite  policy priorities attached to the sector, the Director-General, African Centre for Supply Chain, Dr Obiora Madu, has said.

    He indicated that quality testing to ensure that products meet international standards were crucial for accessing global markets.

    To reduce post-harvest losses, he said, the nation also needs a sufficient number of cold storage facilities and more access to cutting-edge technologies.

    He pointed out that Nigerian agricultural goods would find it difficult to achieve international standards and compete in foreign markets without strict quality control procedures and better packaging.

    He said failure to solve gaps in testing labs, specialised cold storage facilities, and packaging facilities would result in more losses for farm exports.

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    He pointed out that although other exporting nations had upgraded their testing, packing, and storage facilities, Nigeria was also dealing with expensive logistics, which caused the cost of exporting agricultural goods from Nigeria to be much greater than that of other nations.

    He pointed out that other nations have better packaging, which increases demand for their goods globally.

    According to President of the Federation of Agricultural Commodity Association of Nigeria (FACAN), Victor Iyama, exports of agricultural and related goods must increase. He urged the government to create export clusters to guarantee targeted processing and increased output.

    He believes an upsurge in rural demand will be a trigger for the entire economy.

    He said export opportunities have been made possible by the growing prices of agricultural commodities and that, should the prices hold in various grain markets, farmers would probably profit from the higher prices.

  • Nigeria ranked as one of the most vulnerable country in climate change, says Reps spokesman

    Nigeria ranked as one of the most vulnerable country in climate change, says Reps spokesman

    The chairman of the House of Representatives committee on media and public affairs, Akintunde Rotimi, said that Nigeria now ranked as one of the most vulnerable countries in the area of climate change around the world. 

    Rotimi said this is evident in the several challenges the country faces including flooding, drought, food insecurity, erosion, extreme temperature, and even conflicts due to resource scarcity and struggle. 

    He was delivering a keynote address titled the role of the Nigerian media in reporting environmental and climate induced conflict at a world press freedom day training organised by the Centre for Journalism Innovation and Development with the support of Konrad Adenauer Shifting in Abuja. 

    He said that “in February, the country experienced an intensive heat wave that left many asking the question: “Did God open hell’s gate and leave us to roast?” But no, the gates of hell were not opened by God, but perhaps, by humans whose activities have made heat waves 10 times more likely in places like Nigeria and other countries around the equator.”

    Drawing a nexus between climate chane and conflict, Rotimi said: “The heat wave is just one of the surface impacts that we feel and experience, but the problem runs deep. In different parts of the country, climate change is exacerbating the root causes of conflict.

    “The constant move of herders southwards in search of greener pastures, the drying up of Lake Chad, the struggle amongst kinsmen in oil producing communities, have all degenerated into tensions, maiming, killing and uncountable fatalities. 

    Read Also: Tinubu’s investment in health will improve lives of Nigerians, says Pate

    “The nexus between climate change and conflicts in Nigeria is established in literature. For example, a 2023 Study showed that the increasing land surface temperature in Nigeria’s Mid-Benue Trough is increasing the fatalities linked to the conflicts between herders and farmers. The nexus is clear. 

    “As the earth gets warmer, its surface gets hotter and drier, leading to desertification which in turn reduces arable land, pasture and water bodies available to farmers, herders, fishermen and other land users. 

    “This makes conflict imminent and corroborates HomerDixon’s theory which postulates that “environmental change is at the forefront of scarcity which alters the society’s socio-political fabric, disrupts production and leads to violent conflict.” 

    “Similarly, flooding which is exacerbated by climate change is one of the most devastating and frequently occurring natural hazards that Nigeria faces. 

    “The 2022 Nigeria floods affected many parts of the country. From the Federal Government Data, the floods displaced over 1.4 million people, killed over 603 people, and injured more than 2,400 people. About 82,035 houses were damaged, and 332,327 hectares of land had also been affected. 

    “While Nigeria typically experiences seasonal flooding, this flood was the worst in the country since the 2012 floods. Climate change has been implicated as the main cause”. 

    He said further that “flooding worsens the humanitarian crisis in Nigeria. It leads to significant internal displacement of people and this increases the risk of violence and social tension in the receiving communities. 

    “It also leads to food crises and insecurity as small holder farmers which make up 80% of Nigeria’s cultivators are most affected. Maybe the temperatures would have been lower, the lands and rivers would not be drier and the floods would not consume us if we preserved most of our fauna. We probably would not have as much conflict too! 

    “According to the Global Forest Watch, Nigeria loses an average of 163,000 hectares of natural forest annually – causing the extinction of distinctive flora such as our symbolic national flower, the Costus Spectabili It is hypothesised that countries with high levels of deforestation are more likely to experience domestic armed conflict due to the aftermaths of drastic land use changes and resource depletion.” 

    On press freedom, he said the House was committed to working with the media to promote the preservation of freedom of expression and the press by reviewing of laws and practices that restrict press freedom and the ability of the media to carry out its constitutional role. 

    He said further that the House will world with the media to enhance good governance practices, transparency and accountability through media chats, public hearings, townhall meetings, etc., amongst others 

    He said the theme for the 2024 World Press Freedom day which is ‘A Press for the Planet: Journalism in the Face of the Environmental Crisis’ alludes to the critical role that journalists play in creating necessary awareness at a time the world is battling some of the worst impacts of climate change. 

  • Adedeji: Lifting Nigeria’s image internationally

    Adedeji: Lifting Nigeria’s image internationally

    By Arabinrin Aderonke Ogunleye-Bello

    In today’s economic world, effective tax administration is important for stability and growth. This emphasizes the vital role played by leaders like Zacch Adedeji PhD, Executive Chairman of the Federal Inland Revenue Service (FIRS) and President of the Commonwealth Association of Tax Administrators (CATA). With a proven track record of excellence and expertise in accounting, finance, and revenue administration, Adedeji leads both FIRS and CATA, guiding them towards improved efficiency, transparency, and collaborative efforts in tax governance.

    During the recent CATA Management Committee Meeting in London, Adedeji’s speech carried a strong sense of purpose and urgency. His focus on the importance of boosting capacity within tax administrations of CATA member countries highlights a proactive step toward tackling the evolving challenges in the global tax environment.

    In an era where technological advancements and regulations are in constant flux, it’s not just beneficial but essential to empower tax personnel with the skills and knowledge they need. Adedeji’s vision goes beyond mere adaptation; it encompasses transformation, ensuring that tax administrations are well-prepared to excel in an increasingly digital and interconnected world.

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    Adedeji’s advocacy for the adoption of technology to optimize tax processes reflects a deep understanding of the opportunities and challenges presented by rapid advancements in tax technology and digitization not only in Nigeria but globally. By leveraging technology, tax administrations can streamline operations, enhance compliance, and mitigate risks associated with tax evasion and fraud.

    The Tax Boss’s influence extends globally beyond CATA. His involvement in Organisation for Economic Cooperation and Development (OECD) discussions underscores the importance of collaborative efforts in shaping fairer global tax regulations. His diplomatic skills further solidify CATA’s position as a key player in global tax administration.

    Zacch A. Adedeji’s leadership at the Commonwealth Association of Tax Administrators (CATA) exemplifies a commitment to excellence, innovation, and collaboration. Together with President Tinubu’s “Renewed Hope”, they both share a common vision for uplifting Nigerians and shaping the international tax arena. Through Adedeji’s initiatives to enhance capacity building, integrate technological advancements, and promote global cooperation, they are driving positive change and fostering a more efficient, transparent, and inclusive tax environment worldwide.

    CATA is made up of 47 member countries, named, Nigeria, Australia, United Kingdom, India, Trinidad & Tobago,  Botswana, Brunei, Canada, Cameroon, Cyprus, The Gambia, Ghana, Grenada, Guyana, Pakistan, Papua New Guinea, Rwanda, St. Kitt & Nevis, St. Lucia, Samoa, Seychelles,  Isle of Man, Eswatini, Fiji Islands, Kenya, Kiribati, Lesotho, Malawi, Malaysia, Maldives, Malta, The Bahamas, Bangladesh, Barbados, Belize, Uganda, Zambia, Mauritius, Namibia, New Zealand, Nigeria, Sierra Leone, Singapore, Sri Lanka, Tanzania, Tonga, Tuvalu.

    •Arabinrin Aderonke ANIPR, is an Award-Winning investigative journalist, 2016 finalist, CNN African Journalist Award. She currently serves as Technical Assistant, Broadcast Media at the Federal Inland Revenue Service

  • Nigeria and the problem with ‘stupid’ people

    Nigeria and the problem with ‘stupid’ people

    Sir: Carlo Cipolla’s Law of Stupidity offers a profound insight into human behavior, in Nigeria particularly in the context of politics. The law states that “a person is smart, stupid, or a bandit.” This categorization may seem simplistic, but it provides a compelling framework for understanding the dynamics at play in Nigeria’s political landscape.

    The “smart” individuals in Nigeria are the visionaries, innovators, and change-makers. They are the ones who work tirelessly to improve the country’s infrastructure, education, and healthcare systems. They are the entrepreneurs, scientists, and artists who drive progress and development. Despite their contributions, they often find themselves marginalized and excluded from the political process.

    The “stupid” individuals, on the other hand, are those who hinder progress and act against their own interests. They may vote for corrupt politicians, engage in harmful behaviors, or prioritize short-term gains over long-term benefits. This group includes those who are misinformed, disenchanted, or simply apathetic. They may not intend to cause harm, but their actions perpetuate the status quo and maintain the cycle of corruption.

    Read Also: Tinubu took harsh decisions to save Nigeria from collapse – Shettima

    The “bandits” are the corrupt politicians and individuals who exploit the system for personal gain. They prioritize power and wealth over the nation’s well-being, often using their influence to maintain a status quo that benefits them. They are the ones who embezzle funds, rig elections, and undermine institutions. They are the masterminds behind the corruption, nepotism, and cronyism that plagues Nigeria.

    Cipolla’s Law suggests that the “stupid” individuals outnumber the “smart” ones, while the “bandits” are relatively few but hold significant power. This imbalance perpetuates the cycle of corruption and stagnation in Nigeria. The “stupid” individuals are often exploited by the “bandits,” who use their influence and resources to maintain control.

    To break this cycle, it is essential to empower the “smart” individuals, educate the “stupid” ones, and hold the “bandits” accountable for their actions. This can be achieved through:

    1. Education and awareness: Informing citizens about their rights, responsibilities, and the impact of their actions can help reduce the number of “stupid” individuals.

    2 Institutional reforms: Strengthening institutions, promoting transparency, and enforcing accountability can help curb the influence of the “bandits.”

    3. Civic engagement: Encouraging active participation in politics, supporting progressive candidates, and advocating for policy changes can help amplify the voices of the “smart” individuals.

    4. Leadership by example: Promoting role models who embody integrity, competence, and vision can inspire others to follow suit.

    5 Economic empowerment: Providing opportunities for economic growth and development can reduce the appeal of corrupt practices and increase the number of “smart” individuals.

    6. Anti-corruption efforts: Implementing effective anti-corruption measures, such as whistleblower protection and independent judicial bodies, can help hold the “bandits” accountable.

    7. International cooperation: Collaborating with international organizations and countries to share best practices and implement global standards can help combat corruption and promote good governance.

    8. Cultural shift: Encouraging a cultural shift that values integrity, hard work, and meritocracy over nepotism and corruption can help create a more informed and engaged citizenry.

    9. Technology and innovation: Leveraging technology and innovation to improve governance, increase transparency, and enhance citizen participation can help reduce the influence of the “bandits.”

    10. Historical reflection: Studying Nigeria’s history and learning from past mistakes can help identify patterns and prevent the repetition of errors.

    Only two things are infinite, the universe and human stupidity, and I’m not sure about the former. Cipolla’s Law of Stupidity offers a thought-provoking perspective on the dynamics between Nigerian politicians and citizens. By recognizing the roles played by the “smart,” “stupid,” and “bandits,” we can work towards a more informed and engaged citizenry, a more accountable political class, and a better future for Nigeria. It’s time to empower the “smart,” educate the “stupid,” and hold the “bandits” accountable. By doing so, we can break the cycle of corruption and stagnation and unleash Nigeria’s full potential.

    •Prince Charles Dickson. PhD

    pcdbooks@gmail.com

  • Africa’s success hinges on Nigeria’s progress, says UN

    Africa’s success hinges on Nigeria’s progress, says UN

    The United Nations (UN) has emphasised that Africa’s success is heavily dependent on Nigeria’s progress, stressing that the continent’s development is closely tied to Nigeria’s growth.

    UN Resident and Humanitarian Coordinator in Nigeria, Mr. Mohammed Fall, who made the assertion during a courtesy visit to Vice President Kashim Shettima at the State House in Abuja on Thursday, also noted that Nigeria’s success is crucial to the achievement of the Sustainable Development Goals (SDGs) in Africa.

    These were contained in a statement by Senior Special Assistant to the President on Media and Communications, Office of the Vice President, Stanley Nkwocha.

    Fall stated: “If Nigeria doesn’t make it, there is no chance for any country to make it. If Nigeria lifts its people out of poverty, not only our sub-region but the entire continent and the world at large will be on track for the SDGs.”

    He emphasised that Nigeria’s progress is vital to the success of Africa, saying, “If we succeed in Nigeria today, the whole of the continent succeeds, but if we have challenges or difficulties in succeeding in Nigeria, I am sure it is all of our continent that will be pulled down.”

    The UN delegation pledged its support for Nigeria’s development, proposing a humanitarian response plan to address the country’s challenges and ensure a transition towards medium and long-term development.

    On the proposed Humanitarian response plan for Nigeria, Fall said: “The plan is beyond helping those who are in need but to set the ground for a transition towards medium and long term development. We need to act now. It is the only way to sustain the successes recorded by the government and other partners to reduce vulnerability in society.”

    Commending the measures so far taken by the Tinubu administration to reposition the economy, the United Nations Resident and Humanitarian Coordinator in Nigeria emphasized that Nigeria is critical to the progress of Africa and must be supported to succeed.

    Fall pledged the UN system’s support for the reforms undertaken by the Tinubu administration, just as he sought the partnership of the Federal Government to initiate a social safety programme that will mitigate the impact of the reforms on the most vulnerable in the society.

    “Your decision is commended everywhere but we (at the UN) felt that before we get the results, there is a high risk that it impacts the most vulnerable segments of our community. And at the UN, we stand next to you to try to look for solutions on how we can mitigate those impacts on the most vulnerable people.

    “This is what we want and that is our first initiative – how can we do and work together to step up our work on the social protection front? To make sure that a safety net is in place, bring coherence, bring consistency in a way that helps us address vulnerability that is still prevailing in the country,” he emphasized.

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    The Resident and Humanitarian Coordinator also said, “The humanitarian situation in the north has improved and this is thanks to your leadership. But as we speak there is still a humanitarian need, there is still a need to save lives, there is still vulnerability.”

    Vice President Shettima appreciated the UN’s support, assuring that Nigeria will work closely with the global body to address its challenges and ensure the success of Africa.

    Addressing the UN delegation, he said removing fuel subsidy and unifying exchange rates were tough but necessary decisions to rescue Nigeria from an economic “cul de sac.”

    VP Shettima noted that the Tinubu administration inherited a dire situation when it took over the government last year.

    “Fuel subsidy has been an albatross around the neck of successive governments in Nigeria. We had two options – either we got rid of subsidy or subsidy will get rid of the Nigerian nation. We have to be our brother’s keeper, but we were literally subsidizing the fuel of the entire West African subregion,” he said.

    He noted that President Bola Ahmed Tinubu’s decision to abolish the subsidy and unify exchange rates allowing the Naira to float freely “created a lot of challenges from the humanitarian end.”

    The Vice President assured the UN delegation that Nigeria will close ranks with the global body, saying “we will work closely together to address all of our challenges as a people.”

    The Resident and Humanitarian Coordinator was accompanied on the visit by the heads of the various UN agencies operating in Nigeria.