Business
Varsity Wants 1% GDP Dedicated To STI
African University of Science and Technology (AUST), Abuja, has urged African countries to dedicate one per cent of their GDP to Science, Technology and Innovation (STI) to meet the African Union Agenda 2063.
The African Union (AU) Agenda 2063 is a strategic framework for the socio-economic transformation of the continent over the next 50 year.
The agenda builds on and seeks to accelerate the implementation of past and existing continental initiatives for growth and sustainable development.
The President of AUST, Prof. Kingston Nyanma-pfene, gave the advice last Tuesday in Abuja during the review of Africa Capacity Reports (ACRs) 2017 that focuses on building capacity in STI for Africa’s transformation.
According to him, African countries should even set a more ambitious target of up to three per cent of Gross Domestic Products (GDP).
He explained that ACRs supported the entrenchment of capacity development in Africa’s development agenda.
He said that each report was meant to narrate all the critical capacity dimensions that were pertinent to Africa’s growth and economic transformation.
“ The ACR2017 recognises that with the adoption of agenda 2063, the commitment of Africa to the Sustainable Development Goals and the Industrialisation Strategy, STI is critical.
“Furthermore, the 23rd Ordinary Session of African Union Heads of State and Government Summit adopted a 10-year Science, Technology and Innovation Strategy (STSA2024) in June 2014.
“The strategy is part of the long-term people-centred Africa’s development blueprint, agenda 2063,” he said.
The president said that the ACRs2017 recommended coordinated collective effort to identify the critical STI skills essential for countries’ sustainable growth.
According to him, private sector and development partners ought to support and complement governments’ efforts by providing funding, investing in critical skills, and promoting sharing of good practices.
“Creating an enabling environment for local scientific research institutions and think-tanks to be the voice of scientific authority in Africa,’’ he said.
He said that regional database of critical skills for agenda 2063 ought to be established in support of STI from national skills inventories.
The president said that more regional and international Centres of Excellence in areas critical to Africa’s STI development ought to be created.
He said that there was need to develop institutional capacity by investing heavily in high-quality universities, state-of-the-art and well-equipped laboratories, ICT infrastructure and research funding.
According to him, the continent needs to intensify efforts toward bridging the gender gap by promoting participation and leadership by women in STI.
He added that the African countries ought to implement coherent strategies for regional STI systems as “nested networks” of national STI systems with differentiated capacities.
The Regional Director, United Nations Educational, Scientific and Cultural Organisation (UNESCO), Mr Benoit Sossou, said that ACRs2017 would go a long way to assist African continent if the recommendations would be implemented.
Sossou, who was represented by Dr Enang Moma, the National Professional Officer, Science in UNESCO promised that the organisation would intensify efforts in sourcing for international financial donors to support Africa toward STI development.
Business
Minister Constitutes Tech Committee On Aviation Ties With Angola
Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, has constituted a technical committee to work with the Angolan Embassy on deepening aviation ties with Nigeria.
Special Assistant on Media and Communications to the Minister, Mr. Tunde Moshood, in a statement, said the committee would oversee logistics and help solidify plans for the Minister’s visit and potential areas of collaboration.
This development is coming after Keyamo received the Angolan Ambassador to Nigeria, Jose Bamoquina Zau, and his Deputy, Nelson Paulo Kafikiri, in Abuja.
The statement revealed that the Angola’s Minister of Transport, Dr. Ricardo Viegas de Abreu, was keen to build a synergy between both nations and was eager to tap into the wealth of experience of Nigeria’s aviation leadership.
According to the statement, “The visit is aimed at strengthening aviation ties between Nigeria and Angola, particularly as Angola embarks on a new era for its aviation industry.
“The Angolan delegation brought positive updates on the progress of Angola’s aviation sector, specifically highlighting the recent overhaul of its airport infrastructure.
Ambassador Zau informed Keyamo that the new airport, set to serve as a strategic hub for the region, will be officially inaugurated in one month’s time.
In delivering a message from the Angolan Minister of Transport, Ricardo de Abreu, the Ambassador conveyed the Minister’s warm greetings and underscored Angola’s eagerness to foster collaboration with Nigeria.
He expressed interest in exploring a bilateral air services agreement and other mutually beneficial opportunities within the aviation sector.
Ambassador Zau also extended an official invitation from Minister Ricardo de Abreu for Keyamo to attend the grand opening of Angola’s new airport next month.
He emphasised that both nations stand to gain from deeper cooperation, particularly in aviation business and infrastructure development.
In response, the aviation Minister expressed appreciation for the visit and congratulated the Angolan government on its impressive strides in aviation infrastructure.
He affirmed his commitment to attend the upcoming event and signalled Nigeria’s readiness to work closely with Angola to enhance air connectivity and explore new business opportunities.
“To ensure seamless coordination ahead of the event, the Aviation Minister has constituted a technical committee to work with the Angolan Embassy’s team.
“The committee will oversee logistics and help solidify plans for the Minister’s visit and potential areas of collaboration.
“The meeting underscores the continued commitment of both nations to expand their aviation sectors and work towards a prosperous and mutually beneficial relationship”, Moshood stated.
Business
NIWA Wants Deeper Private Investment In Blue Economy
The National Inland Waterways Authority (NIWA) has called for deeper private sector participation in the blue economy initiative to harness greater benefits from it, for national development.
The Authority also commenced moves to improve security across the nation’s Waterways, in a bid to attract private investment into the Blue economy.
Managing Director of NIWA, Mr. Bola Oyebamiji, who disclosed this to newsmen during the tour of Wari and Onithsa area offices, said NIWA is determined to revamp the nation’s economy by consolidating on Public/Private Partnerships (PPP) initiatives.
“This initiative is part of our deliberate plans to open up new opportunities to maximise full economic potentials of the nation’s waterways.
“The PPP is the way to go but we need people or investors, who have genuine intentions and purposes to enable us align with President Bola Tinubu’s Renewed Hope Agenda for economic recovery”, he said.
The agency’s boss tasked the staff to live up to expectation by working harder in revenue generation that could open rooms to better their welfare.
He warned the staff against indolence and laxity since he was committed to staff welfare and revenue generation
According to him, there is need for the staff to be disciplined and committed by rededicating themselves to the growth and development of the Authority.
Business
Discount Airfares: Qatar Airways, Access Bank Extend To Dec
The Qatar Airlines, in its efforts to further ease financial burden of air passengers, has extended its discount partnership deal with Access Bank till December 2024.
Access Bank customers, who book their flights online using Qatar Airways’ website in this deal, enjoy up to 12 percent discount on both business and economy classses.
The Bank’s customers, using the promo code “ACCESS”, can book flights to any destination in the world and travel.
Qarta Airline, in a statement through the Vice President–Africa, Hendrick du Preez, stated that the partnership reiterates the Airways’ commitment to streamline travel within and across African markets by delivering first-rate services and offerings to passengers.
“As we are in the summer season and passengers tend to want to travel to spend time with loved ones, our priority at Qatar Airways remains broadening opportunities to travel for our passengers in the African market.
“Although Africa stands as the most underserved market, we strongly believe in the power of partnerships like these in transforming travel within the continent.
“We are proud to partner with respected pan-African financial institutions like Access Bank to provide innovative incentives for passengers and customers”, he stated.
This is coming on the heels of Qatar Airways’ recent expansion of routes across the African continent along with increased flight frequencies in various locations.
Also in the release, Access Bank’s Executive Director for Corporate and Investment Banking, Iyabo Soji-Okusanya, expressed enthusiasm about the partnership.
“Our team is delighted to collaborate with Qatar Airways to bring exceptional travel benefits to our valued customers. This offering aligns with our commitment to enhancing the overall experience for those who choose Access Bank and continue to do so every year.
“By providing exclusive discounts on Qatar Airways flights, we aim to make travel more accessible and enjoyable for our customers”, Soji-Okusanya said.
Corlins Walter
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