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Nigeria May Lose $460bn To Climate Change -Report

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Nigeria may lose $460bn due to climate change by 2050 if urgent actions are not taken to curb its adverse effects, the new Agora Policy report revealed.
The report titled, “Climate Change and Socio-Economic Development in Nigeria,” also showed that Nigeria had lost $100bn to climate change by 2020.
The report produced with the support of the MacArthur Foundation was presented at a one-day policy conversation tagged ‘Nigeria, Climate Change, and the Green Economy,’ as part of preparation for COP28, in Abuja on Wednesday.
The report also highlights the different channels through which adverse effects of climate change could worsen in Nigeria and further compound the country’s developmental challenges.
It also points out the opportunities for Nigeria to foster rapid economic growth, diversify its energy sources, generate employment for its burgeoning youthful and urbanising populace, and address pervasive poverty and inequality through an equitable energy transition.
Presenting the highlights of the report, the Director of the Centre for Climate Change and Development, Prof Chukwumerije Okereke, stated that 25 million Nigerians are at risk of flooding and 630 km2 of land is susceptible to flooding along the Niger-Benue basin in the Niger Delta area.
Okereke said about 357,000 people living in Lagos are exposed to flood and by 2050 3.2 million Lagosians would be exposed to flood.
The don noted that the direct estimate of damage and loss of flooding in 2022 is N1.48tn, while the total damage and loss, including indirect ones, due to the flooding is about N2.6tn.
He, however, recommended strengthened national climate policy frameworks, strengthened institutional capacity, adequate climate funding, fair energy transition, public awareness, collaborative approach, and targeted sectoral interventions.
In his welcome address, the Founder of Agora Policy, Waziri Adio, stated that though some individuals, organisations, and government agencies are implementing consequential climate interventions in the country, climate change is yet to get the prominence it deserves in the country.
“Both in official circles and among the populace, climate issues are not seen as really important and urgent. Our national attitude oscillates between denial and indifference.
“Most of our people, including highly-placed government officials, see climate change as other people’s problems or an issue that is only for tree-huggers and environmentalists, or something that should bother only those who have the luxury of not wrestling with hunger and other existential matters,” Adio said.
He said the increasing threats of desertification and gully erosion and others already have deep, negative impacts on food production, food security, food inflation, water, health, productivity, energy, infrastructure, and on the conflicts that continue to multiply partly on account of vanishing natural resources.
He advised that there is a need to act urgently to prevent the effects of climate change before it escalates into a catastrophic situation.
On his part, the Director of Programmes at CJID, Akintunde Babatunde, said Nigeria’s climate change reality is multifaceted, and there is a need to act on implementing climate change policies.
“We do not lack policies on climate change in Nigeria, we have climate change law, the National Council on Climate Change, the Department of Climate Change at the Ministry of Environment, among others, but our problem is about proper action tailored to address the issues.
“How much can we use to build proper drainages so that it can prevent flooding? How much can we properly use for early warning systems to help with preparations? We need effective implementation of policies and judicious use of financial investment, both by the government and partners, and we need massive awareness by the media,” Babatunde said.
The one-day policy conversation meeting was organised in partnership with the Shehu Musa Yar’Adua Foundation, the Cable Newspapers, the Centre for Journalism Innovation and Development, Clean Technology Hub, the CCCD, and the Nature News.

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Akeredolu will be remembered for truth, justice – Aiyedatiwa

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Gov. Lucky Aiyedatiwa of Ondo State on Wednesday said the late former Governor of the state, Oluwarotimi Akeredolu, would be remembered for his good deeds, especially standing for truth and justice.

Aiyedatiwa stated this during a special court session held in honour of the late former governor at the Ondo State High Court in Akure.

He explained that the former governor used his knowledge, ebullience and capacities to defend the human peaceful existence.

Aiyedatiwa added that the deceased deeds during his life time were greatly impactful.

According to him, the deceased was after justice and rule of law.

Aiyedatiwa said that late Akeredolu was always not pleased when justice was not served.

He described the honour bestowed on the late governor as a well deserved because his life evolved around the legal profession.

“He was an achiever with success stories. He stood firm and was committed to truth and justice,” he said.

Also speaking, the Chief Judge (CJ) of the state, Justice Olusegun Odusola, said that late Akeredolu remained celebrated in death more than being alive considering a reference to his achievements and attainment in life.

Odusola said that the late governor was a courageous fighter, who faced the serious security challenges in the state with ingenious courage that had become a national model.

He stated that it was more-worthy that the late governor did not interfere with judicial activities, even when it did not favour his desires.

According to him, late Akeredolu was a man that lived with his words.

“In my last encounter with him at a time when his health was obviously failing, Arakunrin still reiterated his desire to construct a judiciary complex that will be the envy of other states in the Federal Republic of Nigeria.

“He also spoke about judges’ welfare and I wondered how a man in such a condition could still love the judiciary so much as to remember the little promises he made,” he said.

The CJ said that late Akeredolu was an outstanding legal icon and a political colossus, a man who was an exemplar of indefatigable courage, principled resistance with honesty and self-respect.

He stated that late Akeredolu would continue to be a good reference point in humanity.

In his remarks, the President of the Nigerian Bar Association (NBA), Mr Yakubu Maikyau, described the late governor as a man with keen passion to help humanity and secure peace.

Maikyau added that the deceased was a person of humility known for truth and justice, and asked the deceased family to take solace in the good deeds of the late governor.

Dignitaries present include Gov. Abdulrasak Abdulrahman of Kwara; Ondo State Deputy Gov, Olayide Adelami; Chief Olusola Oke, SAN; and APC Chairman in Ondo State, Mr Ade Adetimehin.

Others are human rights lawyer, Mr Kayode Ajulo; Ambassador Sola Iji, Speaker Ondo State House of Assembly; and former Inspector of Police, Mr Sunday Ehindero.

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Gunmen Kill Police Inspector In Rivers 

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The Rivers State Police Command said an Inspector was killed by gunmen who ambushed and attacked its men on a stop and search duty at the Eliozu Flyover in Obio/Akpo Local Government Area of the state on Wednesday night.

The spokesperson of the command, Grace Iringe-Koko, disclosed this in a statement issued yesterday.

Iringe-Koko said the gunmen who were spotted in a carton-colored Sienna bus with fully tinted glasses drove in from the Rumuodumaya axis, near Port Harcourt where they launched the offensive which claimed the officer’s life.

She, however, said the team rose to the occasion and returned fire and neutralised one of the miscreants who wore masks, but that other gang members escaped by the whisker.

The statement reads, “We are deeply saddened to announce a heinous incident that occurred on 21st February 2024, involving an attack on policemen attached to Operation Sting of the Rivers State Police Command.

“At approximately 2145hrs, while conducting routine stop-and-search at Eliozu flyover, the officers were ambushed by unidentified hoodlums operating in a carton-colored Sienna bus, with fully tinted glasses.

“The registration number of the vehicle remains unknown at this time.

“The assailants drove in from the Rumuodumaya axis, and opened fire on the police team, resulting in the tragic loss of one Inspector who valiantly gave his life in the line of duty.

“Undeterred, the police team responded with bravery, engaging the attackers and managing to neutralise one of them with a mask on his face, while the others managed to escape, potentially sustaining gunshot wounds.

“The command has launched a thorough investigation into this despicable act and has already identified the group responsible.

“Rest assured, we will relentlessly pursue these criminals and bring them to justice. No amount of intimidation will hinder our officers’ unwavering commitment to safeguarding the lives and property of the citizens.”

While noting that such acts of aggression against security forces detrimentally impact the safety and security of our entire society, she stressed that the command remains resolute in its duty to maintain peace and protect the well-being of the populace.

“The Commissioner of Police, Olatunji Disu, reiterates unequivocally that those who perpetrate violence against policemen or any citizen will face the full weight of the law.

“We urge all law-abiding citizens to continue with their daily activities without panic, as we are determined to uphold our mandate of preserving lives and property in the face of such challenges.

“We extend our deepest condolences to the family and colleagues of the fallen inspector, and we assure them that his sacrifice will not be in vain. Our resolve to serve and protect remains unwavering as we stand together against those who seek to disrupt the peace and harmony of our society”, she said.

Recall that last year, a former Divisional Police Officer of Ahoada Division, Bako Angbashim, was ambushed and killed by a cult gang.

Since the death of the cop, the command has been on his trail, with constant land and air bombardments in the various hideouts of the Iceland cult leader, even as some of his lieutenants were gunned down previously.

However, on Monday, Grace Iringe-Koko,  said intelligence reports revealed that the wanted cult kingpin was killed in a recent joint security raid in the Idu-Ekpeye community, Ahoada East Local Government Area of the State.

 

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Nigeria’s GDP Grew By 3.46% In Q4 2023  -NBS

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Nigeria’s Gross Domestic Product grew by 3.46 per cent year-on-year in real terms in the fourth quarter of 2023, the National Bureau of Statistics has disclosed.

In its ‘Nigerian Gross Domestic Product Report (Q4, 2023),’ released yesterday, the NBS said the growth rate is lower than the 3.52 per cent recorded in the fourth quarter of 2022 and higher than the third quarter of 2023 growth of 2.54 per cent

It added that the service industry was responsible for the growth in the quarter.

Both the IMF and World Bank expected Nigeria’s economy to grow by 2.9 per cent in 2023.

The report read, “Nigeria’s Gross Domestic Product (GDP) grew by 3.46 per cent (year-on-year) in real terms in the fourth quarter of 2023.

“This growth rate is lower than the 3.52 per cent recorded in the fourth quarter of 2022 and higher than the third quarter of 2023 growth of 2.54 per cent.

“The performance of the GDP in the fourth quarter of 2023 was driven mainly by the Services sector, which recorded a growth of 3.98 per cent and contributed 56.55 per cent to the aggregate GDP.”

In terms of share of the GDP, industry, and the services sectors contributed more to the aggregate GDP in the fourth quarter of 2023 compared to the fourth quarter of 2022.

“The agriculture sector grew by 2.10 per cent, from the growth of 2.05 per cent recorded in the fourth quarter of 2022. The growth of the industry sector was 3.86 per cent, an improvement from -0.94 per cent recorded in the fourth quarter of 2022. In terms of share of the GDP, industry, and the services sectors contributed more to the aggregate GDP in the fourth quarter of 2023 compared to the fourth quarter of 2022. On an annual basis, GDP grew by 2.74 per cent in 2023 relative to 3.10 per cent in 2022,” the report added.

 

 

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