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Nigeria Risks Losing $34bn In Annual Export Earnings – Report
A new study by Standard Chartered says Nigeria risks losing $34.3 billion in annual export earnings if it does not cut carbon emissions in line with the net-zero plans of the biggest multinational companies (MNCs) operating in the country.
The study, titled ‘Carbon Dated’, was done by surveying 400 sustainability and supply chain experts at multinational companies across the globe.
It assessed risks and opportunities for suppliers in emerging and fast-growing markets as large companies transition to net zero.
According to the survey, if Nigeria fails to transition alongside its multinational company partners, it risks a loss in export revenues of up to $34.3bn.
Other countries on the list were China, with the biggest potential loss of $512.3bn; India ($273.7bn) and Hong Kong ($205.5bn).
South Africa is the second highest African country after Nigeria with $33.7bn of exports at risk. Kenya is the third African nation on the list with $3.9bn in potential export loss.
The study also said the current approach taken by the multinational companies could create a $1.6tn opportunity for the net-zero club, which are the businesses reducing emissions in line with multinational companies’ net-zero plans.
It was said that the results represented a major opportunity for net-zero-focused suppliers across the 12 markets in the study, but also quantified the potential losses to companies not embracing the zeri-net transition.
According to the report, multinational companies are exploring other ways to help their suppliers’ transition to net zero. Some 47 per cent of them are offering preferred supplier status, identified as a sales advantage to sustainable suppliers, and 30 per cent are offering preferential pricing.
Some multinationals were said to be going further by offering grants or loans to their suppliers to invest in reducing emissions at about 18 per cent, for data collection; about 13 per cent, and others said they would pay a premium of seven per cent on average for a product or service from a net-zero supplier.
The Group Chief Executive of Standard Chartered, Bill Winters, said, “It’s no surprise that as multinational companies transition to net-zero, they are starting to look to their suppliers to help. However, suppliers, especially those in emerging and fast-growing markets, cannot go it alone.
“MNCs need to incentivise their suppliers to help them kick start their transition journey, but governments and the financial sector have a role to play too by creating the right infrastructure and offering the necessary funding.”
The Chief Executive Officer for Standard Chartered South Africa and Southern Africa, Kweku Bedu-Addo, said, “There is growing acceptance that decarbonisation is vital for the future of the planet to remain hospitable as we have known it for millennia”.
News
11 Jostle For $100,000 As Nigeria Prize For Literature Unveils 2026 Poetry Longlist
The 11 collections were selected from a total of 223 entries received for this year’s competition.
Chairman of the Advisory Board for the Prize, Prof. Akachi Adimora-Ezeigbo, who announced the longlist, said the emergence of the 11 collections marks a significant milestone in this year’s competition and reflects the exceptional quality, creativity and diversity of contemporary Nigerian poetry.
According to her, the longlisted titles, arranged in alphabetical order, are: Adult Love by Tanure Ojaide; Bakandimiya by Saddiq Dzukogi; Black Passport by Paul Akpomuje; 2000 Blacks by Ajibola Tolase; Ceremony For The Nameless by Theresa Lola; Corpus: Animistic Verses by Ayo Oyeku; and Floral’s Love Colony by Tares Oburumu.
Other successful entries are, The Origin of Wounds by Malik Gbolahan; The Years of Blood by Adebayo Agarau; Unbind Me Now by James Ugwu Eze; and Why Does God Need a Gun by Ogaga Ifowodo.
Prof. Adimora-Ezeigbo described the announcement as an important stage in the 2026 edition of the prize.
She noted that the collections demonstrate the remarkable capacity of poetry to illuminate human experience through thoughtful reflection, cultural memory and artistic expression.
According to her, the works revisit history while interrogating dominant historical narratives and exposing the forces that shape collective identities and social relations.
She stated that despite their varied emphases, the books share a commitment to exploring the endurance of individuals and communities in the face of violence, oppression and social fragmentation.
On style and language, Prof. Adimora-Ezeigbo said the books display an impressive diversity of poetic techniques marked by lyrical intensity, symbolic depth and artistic innovation.
“Many employ densely poetic, allegorical, and elegiac modes that invite multiple layers of interpretation, while others draw extensively on folklore, oral traditions, and contemporary realities to create a compelling fusion of past and present. Their language is generally fluid, evocative, and aesthetically refined, relying on vivid imagery, emotional resonance, and intellectual sophistication to communicate complex ideas. These works demonstrate how poetic language can illuminate social realities; challenge established perspectives and give voice to both individual and collective experiences.
“The next stage will demand a closer reading of each work, with attention to language, form, originality and lasting literary value,” she stated.
The Board chairman commended the judges for their painstaking work and reaffirmed the Advisory Board’s commitment to a credible process, literary excellence and the promotion of a strong reading culture.
With the announcement of the 11-title longlist, the competition now moves to the next phase, with a shortlist of three expected in August and the winner to be announced in October.
Sponsored by the Nigeria Liquefied Natural Gas (NLNG), The Nigeria Prize for Literature carries a cash award of $100,000 for the author of the winning book.
Now in its 22nd year, the prize rotates annually across four genres – prose fiction, poetry, drama and children’s literature – with the 2026 edition devoted to poetry.
News
RSG Hails NMA’s Role In Strengthening Healthcare Delivery
Speaking at the 2026 Annual General Meeting and Scientific Conference of the NMA held in Port Harcourt last Wednesday, the Secretary to the State Government, Dr. Dagogo Wokoma, described the association as a vital partner in the quest to improve healthcare delivery and outcomes.
Wokoma, according to a statement by the Head of Information and Public Relations Unit in his office, Julian Masi, noted that the NMA’s sustained advocacy for professional standards and quality medical practice has continued to impact positively on the healthcare sector and national development.
He said the conference theme, “Medical Practice in Nigeria: The Past, the Present and Quo Vadis,” offers a valuable platform for stakeholders to evaluate the progress made in the health sector, examine present realities, and develop practical solutions for future challenges.
He paid tribute to Nigerian doctors and other healthcare professionals for their sacrifices and unwavering commitment to service despite the challenges confronting the sector.
“We deeply appreciate the immense sacrifices made daily by Nigerian doctors and other healthcare professionals. In the face of numerous challenges, they continue to demonstrate exceptional resilience, professionalism, dedication and commitment to saving lives. Their contributions remain critical to national development,” he said.
In her keynote address, the immediate past Commissioner for Health, Prof. Adaeze C. Oreh, called on participants to critically examine the current state of medical practice in Nigeria and explore innovative approaches that will address emerging healthcare challenges in line with the conference theme.
Earlier, the Chairman of the Nigerian Medical Association, Rivers State Branch, Dr. (Prof.) Annabel Ureh Oparaodu, expressed gratitude to Governor Siminialayi Fubara for his continued support for the medical profession in Rivers State.
She urged delegates to maximize the opportunities provided by the conference through active engagement and knowledge sharing.
Highlights of the event included the commissioning of the Nigerian Medical Association Doctors’ Lodge and the NMA Water Factory, initiatives designed to improve members’ welfare and promote sustainability within the association.
News
NPC Begins Digital Birth, Death Registration In Rivers
Federal Commissioner, NPC, Rivers State, Prof. Itotenaan Henry Ogiri, announced said this recently during a press briefing in his Port Harcourt office.
Ogiri said the full digital registration of births and deaths took effect nationwide on July 1, 2026, and is now being implemented across Rivers’ 23 Local Government Areas as part of the Commission’s rollout in the 36 States of the Federation and the FCT.
“Today’s announcement marks a significant milestone in Nigeria’s journey towards a modern, technology-driven civil registration system,
“It reflects the Commission’s commitment to ensuring that every birth and every death occurring in our country is accurately captured through a secure, efficient and digitally enabled platform,” he said.
The Federal Commissioner noted that while Nigeria records an estimated five million births annually, coverage remains low.
“Birth registration currently stands at about 57%, while death registration is below 20% nationwide.
“These gaps underscore the urgent need for a more efficient and accessible registration system,” he stated.
To address this, he said the commission has established 4,011 functional registration centres across the 774 LGAs, with plans to expand to about 8,000 centres nationwide.
According to him, in Rivers State, structures have been put in place and personnel are working with health facilities, LGAs and community stakeholders to ensure accessibility.
Ogiri explained that the VitalReg platform offers faster registration, 24-hour access, automated data validation for accuracy, reduced paperwork and waiting time, enhanced record security, and a stronger national database to support other government information systems.
He added that the platform would integrate seamlessly with Nigeria’s national digital identity framework, including the National Identity Management Commission (NIMC) to improve coordination and service delivery.
“The initiative builds on the launch of the E-CRVS System and the inauguration of the National Coordination Committee on CRVS by President Bola Ahmed Tinubu on November 8, 2023.
“It also aligns with the Federal Government’s Renewed Hope Agenda on digital transformation and transparency,” he said.
The NPC Commissioner stressed that success depends on partnerships and public participation and listed key collaborators as ALGON, NIMC, UNICEF and Barnksforte Technologies Limited.
“In Rivers State, we will continue to work closely with the State Government, Local Government Councils, healthcare providers, traditional institutions, religious organisations, development partners, civil society organisations and the media to ensure that no child or family is left behind,” he said.
The commissioner called on parents, guardians, healthcare workers and community leaders to ensure prompt registration of every birth and death, noting that a complete civil registration system strengthens governance and supports sustainable development.
He reassured the public that birth registration and birth notification services remain highly subsidised, though specialised administrative services such as record modification, certificate reissuance, attestations and verification will attract approved charges to support system sustainability.
Ogiri appreciated the Rivers State Government for its support, and commended NPC staff in the State, as well as development partners, LGAs, healthcare institutions, traditional and religious leaders for advancing civil registration in the state.
He also urged the media to continue to amplify the message “that every birth counts, every death matters and every Nigerian deserves a legal identity.”
“As we commence this new chapter, let us all work together to build a civil registration system that is modern, inclusive and trusted by all,” Ogiri concluded.
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