Nation
African Needs Russia’s Partnership To Develop, Grow $29trn GDP By 2050 -Expert
A Senior research fellow with the Institute of World Economy and International Relations, Dr Maurice Okoli, has tasked Nigeria and other African nations to look up to Russia for partnership to develop the continent.
Okoli, the President of the Nigerian community in Russia, told The Tide source yesterday that Russia had the means to support Africa’s infrastructure and business needs as the continent looked towards a 29 trillion dollar GDP by 2050.
Citing a recently published documentary: ‘Russia – Africa Situation Analysis Report by a Russian Expert Group, he urged African governments to take advantage of Russia’s poise to advance the continent’s development.
The documentary prepared by over 25 Russian Policy Experts with sponsorship from the Russian Foreign Ministry, highlights Russia’s foreign policy focus with Africa’s development at the helm.
“These Russian expert groups have just completed their studies on Russian African policies and strategies and development prospects with serious recommendations intended to increase Russian influence in Africa.
“This 150-page report published in November offers clear views of Russian policies and strategies in Africa.
“Africa is a resource-rich continent. Recent recorded growth in Africa has been due to growth in sales in commodities, services and manufacturing.
“West Africa, East Africa, Central Africa, and Southern Africa, in particular, are expected to reach a combined GDP of 29 trillion dollars by 2050.
“Africa is very attractive to foreign investors and the two major reasons Africa is very attractive to foreign investors is the importance of growth.
“It is the primary driver of investors’ interest in Africa. Also, there is a strong drive for investors to diversify away from low return markets.
“Africa as a continent is important to the world. It is a vital region with some of the fastest-growing economies in the world,” he said.
He pointed out that the continent contributed 17 per cent of the World population but noted sadly that in terms of global GDP, the continent only contributed three per cent, hence the need for partnerships to grow.
He, therefore, pointed to Russia for such partnerships.
He noted that President Vladmir Putin had already prioritised Africa on its foreign policy focus with emphasis on defence and security, development, diplomatic support, humanitarian relief as well as ducational and scientific training.
Nation
Rivers Deputy Governor Hails PH City One Love For Humanitarian Gesture
Rivers state Deputy Governor Professor Ngozi Nma Odu has commended “The Port Harcourt City One Love,”a Port Harcourt based humanitarian orgnisation For it’s commitment towards alleviating the sufferings of the poor and vulnerable in the society.
Professor Ngozi Nma Odu said this while speaking at this year’s edition of “operation feed the needy” a yearly outreach program of “The Port Harcourt City One Love ” in Port Harcourt.
The Deputy Governor said by feeding more than sixty thousands hungry people within the past six years, the Port Harcourt City One Love Movement has distinguished itself as a club that cares for the less privilege in the society.
She commended the , organization for listing eleven thousand persons to be fed in the current exercise.
Meanwhile The Port Harcourt City One Love has planned a permanent solution to the problem of feeding the poor in the state.
The leader of the group Mr Idaere Gogo Ogan who said this in an interview with newsmen during the distribution of food items to the poor and vulnerables in Port Harcourt said the organization is planning a permanent food kitchen where poor and vulnerable persons can work in anytime and get fed.
Idaere Gogo Ogan said more than sixty thousands poor and vulnerable persons across Port Harcourt City and environs have been fed since the inception of “The operation feed the needy” program six years ago,adding that so far sixty thousands poor and vulnerable persons have beneffited.
He described the group as a platform to promote friendship, brotherhood, community development empathy and feeding the less privilege and hungry people
“That’s what we are doing today here,so we started the exercise six years ago”.he said.
Ogan said the effort was a private sector driven initiative but added “it also involves people in Government because the platform does not recognize any division,we bring everybody together in unity , friendship and brotherhood”he said.
He said the effort will go along way in alleviating hunger especially following the prevailing hunger in the country.
According to him “you know the country is very tough, people are hungry people are starving, there is a whole lot of economic hardship,so for us, this is just our own way of reaching out, our own social contribution to what is very difficult”he said.
Over eleven thousand persons were fed in the just concluded exercise.
Areas of coverage include, Isaac Boro park, Port Harcourt prison/Macoba, Borokiri/Enugu waterside Bundu areas Waterlines and others.
Some of the beneficiaries including an 80 years old widow commended the movement for the annual programm and urged other organizations to emulate them
John Bibor,/Esuuk Oyet/Suotor Memoye /Jeremiah Hannah
Nation
We’ll Partner Private Sector to Industrialize Rivers State – Fubara …Hints Revitalization of Ahoada, Trans Amadi Industrial layout
Nation
SheVentures Open Zero-interest Loan Applications for Women Entrepreneurs
“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively. Women-led enterprises are critical to economic activity, yet they face structural barriers.
“This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs”, Edun said.
Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB), Nnenna Jacob-Ogogo said access to affordable finance remains a major constraint for women entrepreneurs.
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