Nation
‘Nigeria, Others Lose $110bn Annually To Inefficient Power Supply’
The Executive Director, Sahara Group, Kola Adesina, has called on various stakeholders to promote energy access in Africa, as lack of energy costs Nigeria and other African countries over $110billion annually.
He also urged the World Trade Organisation (WTO) on the need to galvanise the interest and support of various stakeholders to promote equitable global trade relations and energy access in Africa where almost 600 million live without electricity.
Adesina, who spoke on ‘Redirecting the World Trade Organisation’ at the virtual 2021 Horasis Global Meeting, said deploying multilateral engagements would help circumvent the status quo that has made global trade relations “somewhat lopsided.”
Horasis is one of the foremost annual meetings of the world’s leading decision-makers from business, government, and civil society.
Speaking on access to power in Africa, Adesina said the WTO should explore collaborating with the various stakeholders to accelerate the pace of technology needed to make alternative power cheaper and more accessible to the consumers.
Africa is home to 17 per cent of the world’s population, but accounts for just 4 per cent of global power supply investment.
On a per capita basis, power supply investment in Africa ranks among the lowest in the world and lack of energy costs the continent over $110billion annually.
“The Environmental Impact Analysis of conventional power sources should be the focal point of conversations with African presidents as well as key political and business leaders to ensure their support and agree to a collective and sustainable solution template.
“The WTO must ensure that multilateralism guides its decision-making. The countries of the world are not all on the same pedestal, there should be consideration for the poor countries.
“The WTO should create a system where countries come together to create a united front to handle the issues the world is facing,” he said.
Adesina explained that multilateral strategies would create “elastic solutions” that can be adapted with respect to the unique challenges and opportunities across global trade blocs.
He argued that while sustainability should be the ultimate driver of development, concessions need to be in place to effectively manage the current challenges of less developed continents.
He stated, “Africa still suffers from the twin challenge of access versus affordability of electricity. We all need each other to solve the global challenges we face as individual countries and the world.
“A strong commitment is needed to maintain open and free trade; to keep open borders and to help the poorest countries, particularly least developed countries, survive the economic shock created by the Covid-19 pandemic.”
The Horasis session noted that with protectionism gaining steam globally, the WTO would need to reinforce its influence on stabilizing global trade negotiations.
Experts expect that the WTO, under the leadership of Dr Ngozi Okonjo-Iweala would spearhead effective reforms that would make the organization play a strategic role in promoting equity and transparency in the quest for global sustainable development.
Nation
ICT Centre Set To Be Establish In Omoku
An Information and Communication Technology (ICT) Centre is set to be established in Omoku, Ogba/Egbema /Ndoni Local Government Area of Rivers State.
The initiative is being championed by the Omoku People’s Forum, a global association of Omoku elites, under the leadership of its President-General, Dr. George Ada Ubah.
As part of efforts to ensure the successful execution of the project, a prominent son of Omoku, Chief (Barr.) Dennis Masi, has been appointed by the Forum as the Chairman of the ICT Centre Project Committee, entrusted with the responsibility of coordinating and driving the initiative to fruition. Upon completion, the ICT Centre is expected to serve as a major hub for the training and empowerment of youths in digital and technological skills, equipping them to actively participate in the increasingly technology-driven global environment.
The project is also widely regarded as a significant step towards positioning Omoku as an emerging ICT hub within Rivers State, fostering innovation, digital literacy, and economic development in the region.
Nation
Concerned Rivers Chiefs For Peace And Development Denies Political Affiliations
Concerned Rivers Chiefs For Peace And Development has said it formation was not politically motivated or has any links to political parties or candidates.
The group which said this at a media briefing at Abuloma in Port Harcourt City Local Government Area said it’s formation has nothing to do with politics.
According to the text for the briefing jointly signed by Chief Boma Kele Oyika it’s chairman and Chief Inemo T Ikama Deputy Secretary General said the organization is expected to focus on conflict Resolution, community engagement, collaboration with government and private sector actors
‘it mandate also includes promoting peace building initiative, supporting local economic empowerment programms and strengthening traditional institutions in our state and beyond as partners in governance ”
It said the body is led by a team of respected traditional leaders serving as trustees
“Their collective leadership reflects a blend of experience cultural authority and grassroots connection
“Key elements considered vital for addressing long standing,socio economic and security challenges in the region”
The release further says ” the formation of this organization comes at a time when communities in Rivers state continue to navigate between issues ranging from youth unemployment, environmental concerns and intermittent conflicts amongst the traditional rulers and beyond
“By bringing together influential traditional figures under a unified platform, the group aims at serving as stabilizing force while advocating for inclusive development policies ” it said
It also described its emergence as a new chapter in grass roots leadership and regional development
Earlier, chairman of the body, Chief Boma Kele Oyika said the organization will work with relevant authorities to promote peaceful coexistence in the state, reduce crime and promote economic development.
He said it is open to all Chiefs from the 23 local government areas.
Nation
NDCCTMA, NDDC MDS Challenge Niger Delta Indigenes on Investment in The Region
The Chairman of The Nigeria Delta Chamber of Commerce, Trade, Mines and Agriculture NDCCTMA,Ambassador Idaere Gogo Ogan and the Managing Director of the Niger Delta Development Commission ( NDDC ) Dr Samuel Ogbuku have challenged Niger Delta entrepreneurs to close the gap in Gross Demostic Products (GDP) differences between the region and that of the South Western part of the country by coming home to invest.
The two leaders spoke at a business round table organized by NDDCTMA in Port Harcourt
Chairman of NDDCTMA Ambassador Idaere Gogo Ogan, said to close the gap between the south west region which he said has a GDP seize of about #59 trillion and that of the Niger Delta which is about #34 trillion was to massively invest in the region.
He said no other persons can do this except sons and daughters from the region.
“For me I believe in statistics,I believe in data and everyday I looked at the data concerning development in Nigeria and from the GDP point of view, the South West has #59 trillion, that is the seize of the south west region economy, the second region following them is the Niger Delta region with GDP seize of #34 trillion,so there is a yearning gap of #25 trillion that separates the south west and the Niger Delta region, that is why we are here”
Ogan said the region has the capacity to close the gap and even surpassed it but regretted that indigenes of the region have chosen to ignore it in terms of investment.
“We need to close that gap .If we close that gap and even surpassed it,all the negative problems of militancy and unemployment will automatically erase “he said
Ogan said the event was organized to remind the people that past efforts of militancy and agitations have not led the region to any where
“That is why we are gathered here in this room “he said.
Also speaking Managing Director/Chief Executive officer of the Niger Delta Development Commission( NDDC) Dr Samuel Ogbuku urged indigenes of the region not to use the problem of insecurity as an excuse to continue to deny the region of investment as every part of the country have in one time or the other experienced crisis.
Ogbuku said most indigenes have displayed high level of unpatriotism towards the region by taking investments that would have benefited the people to either Lagos or Abuja.
“With little threat we have left the city,we have gone to Lagos,we have moved our families to Abuja and Lagos
“If you go round GRA all the property, you will see,”to let to let”most of them are now empty “he said.
The NDDC MD said despite the fact that people from the region are doing well in the oil and gas, banking and other sectors, its impact are not being felt at home because they are stationed outside the region.
He said time has come for potential investors from the region to have a change of heart by coming home to invest.
John Bibor
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