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SEC partners AfDB to boost Nigeria’s green finance leadership

The Securities and Exchange Commission (SEC), in collaboration with the African Development Bank (AfDB), is enhancing Nigeria’s role as Africa’s foremost hub for green and sustainable finance.
This is made known in a statement made available by the commission in Lagos, yesterday.
The commission said that it aimed to establish Nigeria as a focal point for green and sustainable finance in Africa, aligning with global green standards.
To this end, the regulator said that it would be equipping capital markets operators with the necessary knowledge and skills, to supports the development and issuance of green bonds and other sustainable financial instruments.
SEC stated that this reinforces Nigeria’s commitment to environmental sustainability and economic resilience.
According to the commission, it will host a capacity building workshop for capital markets operators on Green Finance on July 23 in Lagos.
“This strategic initiative, funded by the Capital Markets Development Trust Fund (CMDTF) and administered by the AfDB, is a vital step in consolidating these gains and ensuring the Nigerian capital market meets the goal of becoming Africa’s deepest and most liquid capital market.
“Over the past decade, the Nigerian capital market has experienced substantial growth, marked by increased activities in both equity and bond markets.
“In alignment with global sustainability mandates, SEC launched rules for green bonds issuance in December 2018, creating a conducive environment for green finance,” the commission said.
According to SEC, delegates from various sectors of the financial ecosystem, including investors, issuers, regulators government agencies and market intermediaries among others would attend the workshop.
The commission noted that participants in the workshop would gain several key benefits, including: enriched discussions and learning experiences from a diverse group of participants.
It saud that it also include insight into the entire green finance ecosystem from regulatory frameworks to investment strategies and networking opportunities.
Commenting through the statement, the Director General of SEC, Dr Emomotimi Agama, said the regulator was committed to fostering a sustainable financial ecosystem in Nigeria.
According to Agama, the workshop is part of the commission’s broader strategy to integrate green finance into the capital markets and attract more sustainable investments.
He said: “By enhancing the capabilities of our market operators, we are not only promoting environmental stewardship but also driving long-term economic growth.
“The primary objective of the workshop is to enhance the knowledge and understanding of capital market operators regarding green finance.
“By developing the necessary skills and competencies, the workshop aims to: promote collaboration and networking among stakeholders, support regulatory compliance with SEC’s rules.
“Attract more sustainable investments and Integrate Environmental, Social, and Governance (ESG) factors into investment strategies.”
He explained that other objectives of the workshop were to enhance the reputation and credibility of capital market operators and facilitate funding for innovative, environmentally friendly projects driving sustainable economic growth.
Also, Mr Olumide Lala, Co-founder and Executive Director of Climate Transition Ltd., stated that the transition to a green economy was essential for Nigeria’s sustainable development, and green finance as a critical component of the transition.
Lala said the workshop would provide market operators with the tools they needed to drive the change and contribute to a more resilient and sustainable economy.
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I’m Committed To Community Dev – Ajinwo
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RSG Tasks Rural Dwellers On RAAMP …As Sensitization Team Visits Akulga, Degema, Three Others

Rivers State Head of Service, Dr (Mrs) Inyingi Brown, has called on rural communities in the State to embrace the Rural Access and Agricultural marketing project (RAAMP) with a view to improving their living conditions.
This follows the ongoing sensitization campaign by the State Project Implementation Unit (SPIU) visits to Degema, Abonnema, Afam headquarters of Degema, Akuku Toru and Oyigbo Etche and Omuma local government areas respectively.
Dr Brown who was represented by the Deputy Director, Special Duties in her office, Mrs Dein Akpanah, said RAAMP was initiated by the Federal Government and World Bank to economically empower rural dwellers.s
She said the World Bank understands the plights of rural farmers and traders in the State, and therefore came up with the programme to address them.
According to her, RAAMP will improve the conditions of farmers, traders and fishermen, and therefore, behoves on every rural communities in the State to embrace the programme.
The Head of Service also said the programme would support the youths to be gainfully employed while bridges and roads will be built to link farms and fishing settlements.
Also speaking, the State project coordinator, Mr Joshua Kpakol, said the programme has the potential of creating millionaires among farmers and fishermen in the State.
Kpakol who was represented by Engr. Sam Tombari, said RAAMP would help farmers and fishermen to preserve their produce.
According to him, the project will build cold rooms and Silos for preservation of crops and fishes while access roads will also be created to link farmers and fishermen to the market.
He, however, warned them against any act that will lead to the suspension of the projects by the World Bank.
Kpakol particularly warned against acts such as kidnapping, marching ground, gender based violence and child labour, adding that such acts if they occur may lead to the cancellation of the project by the World Bank.
During the visit to Oyigbo local government area, Mr Joshua Kpakol, said the team was there to let them know how they will benefit from the Raamp.
The coordinator who was personally at Oyigbo said the World Bank introduced the project to check food insecurity in the State.
He said already 19 states in Nigeria are already benefitting from the project and called on them to embrace the project.
Meanwhile, stakeholders in the three local government areas have commended the World Bank for including their areas in the project.
They, however, complained over the incessant attacks by pirates on their waterways.
At Degema, King Agolia of Ke kingdom said land was a major problem in the kingdom.
King Agolia represented by High Chief Alpheus Damiebi said many indigenes of the kingdom are willing to go into farming but are handicapped by lack of land.
Also at Degema, the representative of the Omu Onyam Ekeim of Usokun Degema kingdom, Osoabo Isaac, said Degema has embraced the programme but needed more information on the implementation of the programme.
Similarly, while High Chief Precious Abadi advised that the project should not be narrowed to only crop farming, a community women leader, Mrs Orikinge Eremabo Otto, called for the construction of cold rooms in all fishing settlements in the area.
At Abonnema, Mr Diamond Kio linked the problem of the area to incessant piracy along waterways.
He also expressed fears over the possibility of the project being hijacked by politicians.
Also at Abonnema, a stakeholder, Ikiriko Kelvin, called on the World Bank to design an agricultural project that will suit the riverine environment, while at Oyigbo, HRH Eze Boniface Akawo expressed satisfaction with the project.
John Bibor
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Senate Replaces Natasha As Committee Chairman

The political mudslinging between the Senate leadership and Senator Natasha Akpoti-Uduaghan continued yesterday as the Senate named Senator Aniekan Bassey as the new Chairman of the Committee on Diaspora and Non-Governmental Organisations.
Senate President, Godswill Akpabio, announced the appointment during yesterday’s plenary, confirming Bassey’s replacement of Senator Natasha Akpoti-Uduaghan, who is currently on suspension.
Akpoti-Uduaghan was reassigned to the Diaspora and NGOs Committee in February after she was removed as Chair of the Senate Committee on Local Content during a minor reshuffle.
Bassey is the senator representing Akwa Ibom North-East Senatorial District.
Although no reason was given for her removal yesterday, the change is believed to be connected to her unresolved suspension.
In May, Justice Binta Nyako of the Federal High Court ordered her reinstatement and directed her to tender an apology to the Senate.
However, the Senate has insisted it has not received a certified true copy of the court judgment.
Akpoti-Uduaghan who represents Kogi Central, has yet to resume her legislative duties despite a recent court ruling that voided her suspension.
In a televised interview on Tuesday, Akpoti-Uduaghan said she was awaiting the Certified True Copy of the judgment before officially returning to plenary, citing legal advice and respect for institutional process.
Although the Federal High Court described her suspension as “excessive and unconstitutional”, a legal opinion dated July 5 and attributed to the Senate’s counsel, Paul Daudu (SAN), argued that the ruling lacked any binding directive to enforce her reinstatement.
Akpoti-Uduaghan, one of only three female senators in the current assembly, said the continued delay in allowing her return was not only a denial of her mandate but also a blow to democratic representation.
“By keeping me out of the chambers, the Senate is not just silencing Kogi Central, it’s denying Nigerian women and children representation. We are only three female senators now, down from eight,” she said.