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EU Votes $74bn For Climate Change
European Union leaders yesterday pledged to pay their “fair share” into a euro50 billion ($74 billion) annual fund to help developing nations fight climate change – but didn’t agree on how much Europe would actually contribute. Environmentalists blasted the 27-nation bloc for failing to seize a crucial high ground before a global treaty on climate change is negotiated in Copenhagen in December. The money aims to tempt poor countries into backing tight greenhouse gas limits at the UN talks in Copenhagen and put more pressure on the world’s two largest polluters, China and the United States, to agree to emissions cuts. Yet the EU failed to agree on an exact amount to give after nine poorer EU states baulked at handing out aid when their own budgets were stretched to the limit by the global financial crisis. Swedish Prime Minister Fredrik Reinfeldt, who led the talks between EU leaders, said the funding promise “allows the European Union to continue taking the lead in the negotiations.” “Let’s hope that others will now follow this,” he said. The EU also promised new deeper cuts in its emissions of between 80 percent to 95 percent by 2050 if the Copenhagen talks reach an ambitious deal. The leaders said they would not require EU states to contribute to the fund before 2013. Any payments toward the euro5 billion to euro7 billion ($7.3 billion to $10.3 billion) a year, it says developing nations should get from 2010 through 2012 would be voluntary. But EU nations would have to pay into the fund from 2013 to 2020 and talks will continue on how much each should give and what an overall figure would be. Oxfam and Friends of the Earth said Europe’s pledge was not nearly enough, claiming both the EU and the U.S. should donate at least euro35 billion ($52 billion) a year. “(The EU) failed to use this opportunity to put its money where its mouth is,” said Joris den Blanken of Greenpeace. “(President Barack Obama should now) step up and break the deadlock in negotiations.” The Copenhagen summit is seen as a watershed moment for fighting climate change and for global cooperation, and for years the EU has been seeking out the moral high ground, challenging other powers – above all, the United States – to match Europe’s commitment. With the US hamstrung by Congress, which has yet to approve US emissions targets, poorer countries are looking to the EU to set the pace that they expect other industrialised countries to match. Danish Prime Minister Lars Loekke Rasmussen, who will host the U.N. talks, said “this is not about money.” “This is about reducing the manmade temperature rise,” he said. “We want to avoid poverty, farmland erosion and climate migration.” Britain’s Prime Minister Gordon Brown said he and government ministers would lobby other nations worldwide to get a climate change pact, and said the EU’s move on Friday made an accord in Copenhagen more likely. “They make possible a Copenhagen deal that will encourage other countries to make themselves ambitious efforts,” Brown said. “We agreed that European Union and its member states are ready to contribute their fair share of the costs.” French President Nicolas Sarkozy said “Europe will be determined and united” in Copenhagen, but he stressed that the economic stability of poor EU member states is “very important.” Nine eastern EU members didn’t share the ambitions of richer EU nations, such as Britain and Sweden, for a climate deal that would add to mounting public debt: Poland, the Czech Republic, Slovakia, Hungary, Slovenia, Bulgaria, Romania, Latvia and Lithuania. On the financial crisis, EU leaders are still grappling with huge debt they built up by rescuing banks and supporting their feeble economies. In a statement, they said they were not ready to withdraw economy stimulus programmes and would wait until a recovery is “fully secured.
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We’ll Drive Tinubu’s Vision in Rivers With Vigour – Fubara …Inaugurates Dualized Ahoada/Omoku Road ….Debunks Rift With RSHA
Rivers State Governor, Sir Siminalayi Fubara, has stated that he will lead Rivers people to galvanize support for President Bola Tinubu to drive the vision and objectives of the Renewed Hope Agenda in the State with vigour.
The governor, who joined the ruling All Progressives Congress (APC), on Tuesday, explained that his decision to join the APC was not for personal interest but for the overall benefit of Rivers State.
Fubara disclosed these while inaugurating the extension of the dualized Ahoada/ Omoku Express road in Ahoada East and Ogba Egbema Ndoni Local Government Areas of Rivers State.
He commended the contracting firm, Julius Berger, for timely delivery of the project, saying the project is a campaign promise fulfilled which will bring economic benefits to the people and tackle issues of insecurity associated with the route.
He said his administration has remained focused in delivering democratic dividends in the state despite facing glaring challenges.
The governor thanked the people of Ahoada East and Ogba Egbema Ndoni Local Government Areas for their continuous support, and urged his supporters to remain steadfast and also support President Tinubu who he said, has demonstrated love to Rivers State as a father.
Fubara denied having rift with the Rivers State House of Assembly, stating that his meeting with the lawmakers was stalled as a result of delay in the agreed meeting to be convened by former Governor Nyesom Wike and other stakeholders for him to meet with the state lawmakers.
“I have made every effort to meet with the Assembly members, but it is not within my leadership to initiate the meeting process.
“The arrangement was for my leader, Wike, and the elders led by Anabraba to call for a meeting with the the lawmakers.
“I’m a gentleman and principled. I can’t go behind to call them when we’ve already agreed. Whoever that tell them that I don’t want to meet with them, or I rejected proposal meant for them isn’t saying the truth,” Fubara said.
The Permanent Secretary of the Rivers State Ministry Works, Mr Austin Ezekiel-Hart, who gave the project description, said the delivery of the project was a fulfillment of long time dream by the people of Ahoada East and Ogba Egbema Ndoni Local Government Areas.
He said the road was previously a single lane and has now been dualised to 14.6 meters wide, complete with solar-powered streetlights with drainages.
He said the road significantly would reduce travel time between Ahoada and Omoku while improving economic activity in the region.
In his welcome address, Chairman of Ogba-Egbema-Ndoni Local Government Area, Hon. Chuku Shedrack Ogbogu, described the road as a symbol of unity, oneness, and development, thanking the governor for fulfilling his campaign promises.
On his part, the Managing Director of Julius Berger, Engr. Peer Lusbash, said the project was awarded to his company in 2023 with a completion period of 18 months which was achieved in best quality.
He added that Julius Berger enjoyed a good support from the Fubara administration, and assured to complete all ongoing projects being handled by Julius Berger on specification, especially the Ring Road project which is a legacy project.
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Fubara Expresses Commitment To Healthcare …As UNICEF Lauds RSG On Health Programmes
Rivers State, Sir Siminialayi Fubara, has reaffirmed his commitment to ensuring good healthcare for the people of Rivers State.
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?Governor Fubara stated this when he played host to the Country Director of UNICEF, Wafaa Saeed Abdelatef and her management team in Port Harcourt, last Tuesday.
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?The governor who was represented by the Secretary to the State Government, Dr. Benibo Anabraba, said he would continue to provide the necessary facilities in order to ensure accessible and good health care for all Rivers people.
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?”We are constructing new zonal hospitals across the State. The Ahoada Zonal hospital will be commissioned in December and others are near completion.
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?”We are grateful to UNICEF for all they have done and believe we can always work together to care for the vulnerable in the society. We appreciate your physical presence, and believe that your staff working remotely, can also do more virtually. We have a capable Commissioner of Health, Dr. Adaeze Oreh, to help foster our relationship, communication and greater collaboration,” he said.
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?The Country Director for UNICEF Nigeria, Ms. Wafaa Saeed Abdelatef, assured Governor Fubara of UNICEF’s support to the programmes of the State Government. She appealed that health facilities such as the Oxygen Plant at Eleme Local Government Ares and the New Born Care Units be solarized.
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?”Be assured that UNICEF will continue to work and support the programmes here in Rivers State. We have seen the Oxygen Plant at Eleme LGA which has been effective because of the Public Private Partnership. We appeal that the plant be solarized.
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?”I commend your leadership of the State and assure that we are here to support your effort and assure you that you can count on our support and partnership. Rivers State is one of the states we can showcase how things are working so others can learn,” she added.
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Dangote Unveils N100bn Education Fund For Nigerian Students
Chairman of the Dangote Group, Alhaji Aliko Dangote, has announced a N100 billion annual education support programme aimed at keeping financially vulnerable Nigerian students in school.
Speaking at the launch of the national scholarship scheme in Lagos, yesterday, Dangote said too many brilliant young people were being forced out of classrooms because of poverty.
He described education as the “strongest engine of social mobility” and a critical foundation for national development.
The initiative, funded by the Aliko Dangote Foundation, will run for ten years beginning in 2026, costing over N1 trillion in total.
Dangote said the scheme would support 45,000 scholars each year at inception, expanding to 155,000 beneficiaries annually by its fourth year, and maintaining that level for the rest of the decade.
By 2036, he said, the programme is expected to have reached at least 1,325,000 students.
“We cannot allow financial hardship to silence the dreams of our young people, not when the future of our nation depends on their skills, resilience and leadership,” he added.
A major component of the fund is the Aliko Dangote STEM Scholars programme, which will provide annual scholarships for 30,000 undergraduate students pursuing science, technology, engineering and mathematics in public universities and polytechnics.
Each beneficiary will receive tuition support aligned with the fees of their institution and course of study. Dangote said the goal is to expand access to higher education, empower innovation, and give young Nigerians the tools to compete globally.
“STEM drives development. If Nigeria must compete globally, our young minds must have the tools to learn, imagine and innovate,” he said.
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