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 FG Recommits To Lift 100m Out Of Poverty

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Minister of State for Power, Goddy Jedy-Agba has reiterated the Federal Government’s determination to lift 100 million Nigerians out of poverty by 2030 through its Energy Transition Plan (ETP).
Jedy-Agba disclosed this at the 2022 Nigeria Energy Forum Day 2, Virtual Edition, held in Lagos, Monday .Earlier at the Day 1 physical event, President Muhammadu Buhari had unveiled government’s plans to lift 100 million Nigerians out of poverty by 2030.
The Permanent Secretary, Ministry of Labour and Employment, Ms Kachollum Daju, said this when she addressed newsmen in Abuja.
According to the Minister, ETP will lift about 100 Nigerians out of poverty and drive economic growth of the country.
“It will also bring modern energy services to the full population and managing the expected long-term job loss in the oil sector due to global decarbonization.
“The plan focuses on the rapid build out of sustainable energy systems to tackle energy poverty in the nation,” the Minister said.
He said in designing the plan, key targets from relevant policies and initiatives such as the 2020 Economic Sustainability Plan, the Nigeria Electrification Project, the National Decarbonization Programme and the Presidential Power Initiative was employed.
“The ETP is geared towards low-carbon development of Energy systems across 5 key sectors; Power, Industry, Cooking, Transport, and Oil and Gas.”
Jedy-Agba said the plan had been approved by the Federal Executive Council and adopted as National Policy.
“An Energy Transition Implementation Working Group (ETWG) has been established to drive the implementation of the ETP along with key International Partners.
“The ETWG is chaired by Vice President Yemi Osinbajo and comprises of several key ministers, including the Ministers for Environment, Finance, Works and Housing, Petroleum Resources, Foreign Affairs and Power.
“The Working Group and its secretariat, the Energy Transition Office, have been engaging with in-country stakeholders, development partners, financiers and the international community for the delivery of the plan,” he said.
He said the ETP analysis shows that delivering Nigeria’s net-zero target requires 1.9 trillion dollars spending up to 2060, including 410 billion dollars above business-as-usual spending.
Speaking on the plan, the Team Leader, Green Economy Co-operation Section, EU Delegation to Nigeria and ECOWAS,  Ms Inga Stefanowicz, said Nigeria was not standing aloof on the ongoing transition.
According to her, EU will contribute some 400 million Euros worth of projects and programmes to the ETP.
“This amount may seem modest when compared with the needs and the ETP estimates, but it is also the role of our funds to act as catalysers of change, reforms, private sector and international development finance investment.
“We are proud to have achieved such positive spillovers for Nigeria already and we look forward to working together more,” she said.

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Yahaya Bello: Senator Hails EFCC’s Probe Of N80.2bn Fraud

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Senator representing Kogi Central Senatorial District in the National Assembly, Natasha Akpoti-Uduaghan, has commended the efforts by the Economic and Financial Crimes Commission, (EFCC) to apprehend and prosecute the immediate past governors of Kogi State, Alhaji Yahaya Bello, over an alleged N80.2 billion fraud.
This is just as she also hailed the EFCC chairman, Ola Olukoyede, for ceding 14 properties that were initially forfeited to the federal government to the government and people of Enugu State.
Reacting to Bello’s excuse for not honouring the EFCC’s invitation, the lawmaker emphasized the need for the commission to investigate other corrupt public officials to avoid the impression that their actions against former governor were meant to witch hunt him.
In a now-viral video, the EFCC chairman had claimed Belloh told him that a female senator (name withheld) allegedly gathered journalists to humiliate him anytime he was at the agency’s Abuja office for interrogation.
“I called Yahaya Bello, as a serving governor, to come to my office to clear himself. I shouldn’t have done that. But he said because a certain senator had planted over 100 journalists in my office, he would not come.
“I told him that he would be allowed to use my private gate to give him a cover, but he said my men should come to his village to interrogate him,” Olukoyede was quoted as saying.
But Senator Natasha in a statement signed by her Chief Press Secretary, Arogbonlo Israel and issued at the weekend in Abuja, reminded Yahaya Bello of the importance of respecting Nigeria’s laws and constitution, given his former position as the chief security officer of Kogi.
“I was surprised to hear that Yahaya Bello evaded the invitation from the EFCC, despite having served as Kogi’s former chief security officer. As a former governor, he should understand the importance of respecting Nigeria’s laws and constitution.
“It’s a well-known fact that ‘he who comes into equity must come with clean hands’. As such, I advise him to honour the invitation and clear his name while he still has the chance.
“I’d also like to take this moment to appreciate the diligence of the EFCC in handling the case so far. No Nigerian is above the law, and therefore the agency must see this case through to the end if they are to gain the trust of both Nigerians and the international community in the fight against corruption,” she said.

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Senate  Frowns Over Continued Depreciation Of Naira

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Worried over the  latest depreciation of the Naira against major foreign currencies, the Senate through its Committee on Finance, has  stated that the Legislature  is  exploring a range of policy options to mitigate the impact of Naira depreciation and foster economic stability in the country.
These, according to the committee, in a statement signed by its chairman, Senator Sani Musa (APC Niger East) and released yesterday, includes robust oversight of fiscal policies, engagement with key stakeholders, and the formulation of targeted interventions to support key sectors of the economy.
Senator Musa said the statement became necessary “to address the current state of the economy and the need for concerted efforts at tackling the instability and continuous depreciation of the Naira.”
This is even as he hoped that the “economic managers will adhere strictly to the norms and standards set by this administration to ensure that we achieve the desired outcomes in taking Nigeria to its economic growth and prosperity”, pledging the support of the National Assembly to the executive arm of government to achieve the set goals.
He, however, urged Nigerians to remain vigilant and resilient as they navigate these uncertain times, saying “together, we can overcome the challenges facing our economy and chart a path towards prosperity for all.”
The statement titled: “State of the Nation Economy and Naira Depreciation’, reads “The Nigerian economy is facing significant challenges, exacerbated by both internal and external factors.

“Despite efforts to stabilize and bolster economic growth, the numerous initiatives and bold but necessary steps and policy decisions taken by President Bola Tinubu, the persistent depreciation of the Naira against major foreign currencies has become a pressing concern.

“The recent depreciation of the Naira underscores the need for proactive measures to safeguard the stability and resilience of our currency.

“The Senate Committee on Finance is closely monitoring the situation and is committed to working collaboratively with relevant stakeholders to implement effective policies and strategies.

“It is imperative that we address the root causes of Naira depreciation, including but not limited to fluctuations in global oil prices, fiscal deficits, and structural imbalances in the economy.”

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WIW: Banigo Advocates Legislative Impetus

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The Senator, representing Rivers West Senatorial District at National Assembly Sen.Dr. Ipalibo Harry Banigo has advocated for legislative backings to enforce immunisation as a pre-condition for admission into nursing, primary and secondary schools in Nigeria.
Banigo made the assertion recently in a statement to commemorate this year’s week-long immunisation campaign in line with the World Health Organisation advocacy.
Banigo, a Harvard-trained Public Health personnel, explained that such legislation would strengthen the National Immunisation Policy in the administration of vaccines, saves lives, helps in the child normal growth, prevents serious illness and disabilities such as poliomyelitis .
The former Deputy Governor of Rivers State who is also the Chairman, Senate Committee on Health (Secondary and Tertiary), noted that Nigeria must attain at least, 90 percent vaccine coverage for all childhood and adolescence; stressing that a fully vaccinated child should have received BCG, Mussels and three doses of DTP and Polio .
She emphasised the need for collective efforts by stakeholders in the campaign against preventable diseases .
The theme for this year’s World Immunisation Week is “Humanly Possible: Saving Lives Through Immunisation” while the national theme is “Vaccine Works For All”.

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