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ACP Fund’ll Ensure Africa’s Independence – Osinbajo
Vice President, Prof. Yemi Osinbajo has described the establishment of an endowment fund for Africa, Caribbean and the Pacific (ACP) as timely, saying that the fund will facilitate Nigeria economic independence.
Osinbajo spoke while receiving ACP Chairman, Amb. Amadou Diop, Secretary General, Dr Patrick Gomes and other dignitaries.
He said that the endowment fund was a timely initiative that will put members on the path of sustainable growth and development.
In a statement issued by Laolu Akande, SSA Media & Publicity, Osinbajo said that the fund would guarantee Africa’s true independence from development partners.
He said that with such a fund, development partners would no longer have the power to determine the direction of development they want for Africa.
“Setting up of an endowment fund like the one proposed will, in a way, guarantee an independent ACP because if our development partners continue to give us the kind of support that they are giving now, they will definitely want to determine our course of development in the future,” he said.
The Vice President, who pledged Nigeria’s unalloyed support for the ACP, especially in its agenda on climate change and others, urged member-nations to remain united in pursuit of the organization’s objectives.
“Nigeria remains firmly in support of the ACP because we have benefited so much from the organization. But I also want to emphasize the need for us to stay together.’’
“The ACP has the potential to achieve a lot, especially in the focal areas of climate change, security and economic emancipation.’’
Prof. Osinbajo, however, emphasized the need for the group to review existing international regulations as it strives to address challenges of terrorism and armed conflict within ACP member-nations.
He commended the leadership of the ACP for the work done so far and promised to convey the group’s message to President Muhammadu Buhari.
In his remark, ACP Scribe Dr. Patrick Gomez commended the role played by Nigeria in advancing the cause of ACP both on the African continent and the global stage.
He solicited Nigeria’s support in the actualization of ACP objectives, especially in the establishment of the ACP endowment fund.
“The key of Africa and the region is Nigeria hence the respect accorded the country by the ACP,’’ Gomes said.
Earlier, the Vice President received Mohamed Al Oraby, a special envoy of Egypt’s President Abdel Fattah Al-Sisi, on a courtesy visit to the Presidential Villa.
The envoy who delivered a special letter from the Egyptian President sought Nigeria’s support for Egypt’s candidate, Ms. Moushira Khattab in the November 2017 election for the Director-General of UNESCO.
President Bola Tinubu has expressed confidence that the country would win the fight against insecurity.
The President gave the assurance at the Argungu International Fishing Festival in Argungu town, Kebbi State, on Saturday.
He noted that the relative peace currently being enjoyed in Kebbi and neighbouring states was the result of sustained investments in security intelligence, coordination among security agencies, and community engagement.
Tinubu assured farmers and fishermen of sustained federal support to guarantee food security and safety across the country.
“The peace we are witnessing today is not accidental. It is the outcome of deliberate and sustained efforts. I assure you that the fight against banditry, insurgency, and insecurity will be won.
“Our farmers, fishermen, traders, and families will go about their lawful activities without fear,” he assured.
The President commended the organisers of the festival for sustaining the cultural event for decades, noting that it had endured for 83 years despite social and security challenges.
Describing the Argungu festival as a powerful symbol of unity, resilience, and peaceful coexistence, Tinubu stated that it reflects the richness of the country’s culture and the opportunities to harness its natural and human resources for national growth.
He said, “Today, this festival stands as a powerful symbol of unity, resilience, and peaceful coexistence among our people.
“It reflects the richness of our culture, the strength of our traditions, and the opportunities inherent in harnessing our natural and human resources for national development.”
The President was received by a large crowd of residents, traditional rulers, fishermen, tourists, and government officials from across the country.
The President reaffirmed his administration’s commitment to youth and women empowerment, irrigation development, rural electrification, and agricultural productivity.
Earlier, the Kebbi State Governor, Nasir Idris, said his administration was determined to elevate the Argungu Fishing Festival to full international standards while pursuing aggressive development across critical sectors of the state.
The United States Embassy in Abuja and the Consulate General in Lagos will be closed today, in observance of Presidents’ Day.
The mission made this known in a notice shared on its official X page, yesterday.
“The U.S. Embassy in Abuja and the Consulate General in Lagos will be closed on Monday, February 16, 2026, in observance of Presidents’ Day,” the post read.
According to the embassy, Presidents’ Day was originally established to honour the birthday of the former US President, George Washington, but has evolved into a day to celebrate all U.S. presidents and their leadership in shaping the country’s history.
The embassy noted that the holiday also recognises the influence of U.S. presidents on global affairs.
In a related message, the mission highlighted that Washington created the first “Badge of Military Merit,” which later became the Purple Heart. The medal still bears Washington’s image today.
Presidents’ Day is observed on the third Monday of February annually in the United States as a federal holiday.
News
Guterres Backs Nigeria’s Bid For UN Security Council Seat …Hails Tinubu’s Reforms, Regional Security Role
United Nations Secretary-General, António Guterres, has charged Nigeria with spearheading Africa’s quest for a restructured global order, describing the country as uniquely positioned to lead the continent toward superpower status.
Guterres, who backed Nigeria’s bid for the world body’s security council seat, also praised the economic reforms of the President Bola Tinubu-led administration as well as Nigeria’s leadership in stabilising the Sahel and ECOWAS regions, despite facing its own security challenges.
The UN scribe made the remarks last Friday night during a high-level bilateral meeting with Vice President Kashim Shettima on the sidelines of the 39th African Union (AU) Summit in Addis Ababa, Ethiopia.
Speaking during the meeting, Guterres said Nigeria’s large population, sustained democratic governance, vast natural and human resources, and longstanding commitment to multilateralism placed it in a unique position to lead Africa in the evolving global order.
“Given Nigeria’s demographic strength, democratic continuity and deep resource base, the country stands a real chance of leading Africa to becoming the next superpower in the evolving global architecture,” he said.
The UN Secretary-General and the vice president discussed key developments in Nigeria and the country’s expanding leadership role in promoting regional stability across West Africa and the Sahel.
Guterres commended the remarkable and outstanding reforms of the administration of President Tinubu, noting that Nigeria’s bold economic restructuring and security commitments have strengthened its continental standing.
The meeting focused on strengthening Nigeria–UN collaboration to advance global economic growth, peace and security, sustainable development, and a coordinated humanitarian response across Africa.
In his remarks, Shettima thanked the UN Secretary-General for his leadership in advancing global peace, noting that Africa has benefited immensely from his tenure, even as the United Nations undergoes internal restructuring.
“We remain committed to multilateralism and to deepening our partnerships with the United Nations and other global institutions,” the vice president said.
Shettima also reiterated Nigeria’s longstanding call for comprehensive reform of the United Nations system to reflect evolving global realities.
He emphasised that Africa must have stronger representation in global decision-making structures and declared that Nigeria deserves a permanent seat on the United Nations Security Council.
Both leaders pledged to deepen cooperation, with Guterres reaffirming the UN’s support for Nigeria’s reform agenda and its growing leadership role in advancing peace, security, and development across Africa.
