News
Nigeria May Lose $460bn To Climate Change -Report
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.
News
Let’s Approach Regional Development Issues Differently – Fubara …As S’South Govs Host Fubara To 50th Birthday Celebration
Rivers State Governor, Sir Siminalayi Fubara, has sued for a change in the current approach adopted by South South Governors in their pursuit to achieve holistic regional development and economic prosperity.
The governor insisted on de-emphasis in vested individuals’ political interests while looking at the bigger picture of achieving enduring regional integration that will strengthen unity of purpose to change the trajectory of development in the region.
Fubara made the appeal during the meeting of Governors of South-South States, under the auspices of BRACED Commission, at the Bayelsa State Government House in Yanagoa on Tuesday.
This was contained in a statement by the Chief Press Secretary to the Governor, Nelson Chukwudi.
BRACED is an acronym for Bayelsa, Rivers, Akwa Ibom, Cross River, Edo and Delta.
He said: “I want to appeal that if we have to succeed in this drive, we need to keep our political differences aside and understand that the struggle, as at today, is for posterity, for the development of our region.
“It is really sad that in Niger Delta that is the economic base of this country, the construction of a road that you tagged ‘East-West Road’ could be an issue, that we need to beg, protest, and complain to get it fixed. I don’t think it is proper.”
Governor Fubara stated that it is not that the federal authorities do not understand that Niger Delta needs the road but quickly added that they have seen that even the people of the region do not take themselves seriously.
The governor said the moment Niger Delta people stopped playing to the gallery, and place value on themselves, outsiders will have no option than to accord the region and its people due regard.
Fubara said: “On my part, I want to say this: This is not the first time we are meeting. For me, I followed the course of the region meeting in a forum that we tagged “BRACED Commission.”
“BRACED Commission is also one of the bodies that was constituted at that time to support and work out development strategies for this region. But what I am seeing today is just limiting this meeting to only BRACED COMMISSION.
“We need to widen the scope where other leaders of the region should be part of the discussion of the development of the region, and I think this is the direction that will help the region.”
Reading the Communique of the meeting, the new Chairman of the Forum of Governors of South-South States, and Governor of Bayelsa State, Senator Douye Diri, said they support the Federal Government Tax Reform Bills, and urged President Bola Tinubu to extend the Value Added Tax (VAT) sharing percentages to oil and gas derivation.
He stated the Forum’s request to the Federal Government to urge relevant stakeholders and agencies to extend remediation of polluted environment ongoing in Ogoni land to other impacted communities and States in the region.
Governor Diri also said that the Forum resolved to establish a structural regional security network to enhance safety and security, foster stable Niger Delta region conducive for economic growth and prosperity.
Highlight of the event was the hosting of Governor Fubara to a surprise 50th Birthday celebration by the Governors of South-South States at the Government House in Yenagoa.
News
Fubara Lauds Tinubu For Setting Up Education Load Fund … Vows To Ensure Rivers Benefit Maximally From Scheme
The Rivers State Government has applauded President Ahmed Bola Tinubu for conceiving the idea of setting up the Nigeria Education Loan Fund (NELFUND) which has opened up opportunities for youths to acquire tertiary education irrespective of their financial status.
Rivers State Governor, Sir Siminalayi Fubara, gave the commendation while playing host to a delegation from NELFUND who came on an advocacy visit to the Government House in Port Harcourt on Tuesday.
Represented by his deputy, Prof. Ngozi Nma Odu, Governor Fubara said in developed countries it is common for people to go through school with loans which they sometimes pay all throughout their lives, noting that “for us, it is more accessible and more friendly because you would be required to pay back the loan two years after your National Youth Service.
“It is a win-win situation; it is a situation where the youths in Nigeria should not say because my parents are poor or passed away I cannot improve on my educational growth. This offers them a golden opportunity and I am glad you came for this advocacy.”
The governor urged NELFUND to intensify its advocacy to let the people know how they can benefit from it, adding that it is more important when talking about vocational institutions.
“If you look at the developed countries it is people that went to the vocational schools that make so much money, because it is pricey to get somebody to do anything, we need to instil this into our people, our youths, because people sometimes tend to look down on people that went to vocational schools, it should not be,” he said.
Fubara expressed delight with the NELFUND programme and assured that the State Government would do whatever it can to ensure Rivers State benefits maximally from the scheme.
In his remarks, the Managing Director and Chief Executive of NELFUND, Dr. Akintunde Sawyer, informed the governor that they were in Rivers State to seek the support of the State Government towards the loan, stressing that President Tinubu has directed them to ensure no Nigerian student who has the ability and desire to get educated at tertiary level is denied the opportunity due to lack of funding.
He explained that the scheme provides interest-free loans to students who apply, adding that these loans are not repayable until two years after their Youth Service when they must have gotten a job.
News
UK Appoints British-Nigerian As Trade Envoy To Nigeria
A British-Nigerian politician, Florence Eshalomi, has been appointed as the United Kingdom’s trade envoy to Nigeria.
Her appointment makes Eshalomi the second Nigerian to hold the position.
Confirming her appointment on X on Tuesday, she wrote: “It is an honour to have been appointed as the United Kingdom’s Trade Envoy to Nigeria.
“I’m looking forward to building on my close ties with Nigeria to promote a strong and flourishing economic relationship between our two great nations.
“I am looking forward to strengthening the UK’s relationship with Nigeria to explore shared growth and opportunities for both countries.”
Announcing the appointment in a statement on Tuesday, Jonathan Reynolds, the UK’s Business and Trade Secretary, said the decision was aimed at attracting investment into the UK and boosting economic growth.
“I’ve launched a new team of trade envoys who will use their experience, expertise, and knowledge to unlock new markets around the world for British businesses, attract investment into the UK, and ultimately drive economic growth,” Reynolds said.
Eshalomi, 44, is an MP representing the Vauxhall and Camberwell Green constituency.
She holds a Bachelor of Arts (Hons) in Political and International Studies with Law from Middlesex University.
-
News4 days ago
TotalEnergies On Red Alert As Ekpeye Monarch Dissolves UCA
-
Rivers4 days ago
RSG Seeks Stakeholders’ Collaboration For Women, Children Improvement
-
Niger Delta4 days ago
Speaker, Delta Assembly urges NUJ to check quacks
-
Nation4 days ago
UNIZIK Lecturers Protest Non-Payment Of Salaries For Five Years
-
Featured4 days ago
I Won’t Allow Spoils Of Office To Change Me – Fubara …As Rivers People Mark Gov’s 50th Birthday With Prayers
-
Business4 days ago
Nigeria Losing $40b Annually From Maritime Sector – NIMENA
-
Business4 days ago
Expert identifies UNICEEF’s NLP As Spring Board To AI In Benue
-
Niger Delta4 days ago
Commissioner Hails RSHA Speaker Over Promise Of Constituency Projects To Ogu/Bolo