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ECA Advises African Countries On Rising Indebtedness

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The Economic Commission for Africa (ECA) has called on countries to explore reforms on the common debt relief framework to better address rising indebtedness in Africa.
The Executive Secretary, ECA, Mr Claver Gatete, in a statement presented this at a joint press briefing on the margins of the recently concluded 2024 High Level Political Forum (HLPF).
Gatete highlighted the challenges of accessing financing for the continent’s priorities, especially the concessional funds that are long term and cheaper.
He said the reform of global financing system was urgent, as it could mitigate access to critical resources needed for the implementation of the Sustainable Development Goals (SDGs).
The Tide’s source reports that the African Development Bank (AfDB) said that from 2010 to 2023, Africa’s debt increased by 192 per cent.
The AfDB data also showed that African countries paid 163 billion dollars annually with an external debt stock of 1.1 trillion dollars, the highest ever seen,
According to Gatete, this means that by paying the debt, countries would have very little room to implement the SDGs and the next 10-year programme of the African Union (AU).
Gatete highlighted the need for domestic resource mobilisation in Africa to tackle illicit financial flows and improve taxation.
He also emphasised the importance of developing capital markets to provide long-term resources as part of private sector engagement in Africa.
He said: “There are opportunities in restructured green, blue and sustainability linked bonds that can attract more investors to fund climate-related solutions.
“ECA is working with countries to strengthen domestic resource mobilisation through capital markets to improve self-financing and financial sustainability in Africa.”
He said it was crucial to increase fiscal space and address interrelated issues, including peace building and conflict prevention.
“Also the involvement of the youth in sustainable development processes to ensure long term progress, “ he said.
Ms Christina Duarte, Head of the United Nations Headquarters based Office of the Special Adviser on Africa (OSAA), SDG implementation said only 12 per cent of the 140 targets of the SDG have been delivered.
She said to understand the root causes of the financing challenges faced on the continent, the focus should be on sustainable financing and institutional strengthening in Africa to build resilience.
“So, long-term solutions such as tackling economic and financial flows to address Africa’s debt distress and deliver on the sustainable development goals is very critical,’’ she said.
The HLPF Africa Day aims at highlighting key issues stemming from the Africa Regional Forum on Sustainable Development (ARFSD) and other major consultations.
The joint briefing displays how the AU, the UN Office of OSAA and ECA work together to support African member states in implementing the SDGs and the AU’s Agenda 2063.
The HLPF pulls together member states from around the world to forge pathways to accelerate the implementation of the SDGs.

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Army Asks ICC, AI, Others To Take Action Against IPOB

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The Nigerian Army has asked Amnesty International (AI) and the International Criminal Court (ICC) to take “immediate action” and hold the outlawed Indigenous People of Biafra (IPOB) and its sponsor, Simon Ekpa, accountable for crime against civilians in the South East.

It said the international community must condemn the mistreatment “in the strongest terms” of an unarmed and law-abiding citizen by IPOB in the region.

The Army made the call in a statement by its spokesman, Maj-Gen Onyema Nwachukwu, yesterday, while reacting to a viral video that showed IPOB members torturing an ex-soldier of the Nigerian Army.

The statement read: “The Nigerian Army has taken serious note of a disturbing video circulating online, posted by the self-acclaimed Prime Minister of IPOB, Simon Ekpa. In the appalling footage, an ex-soldier, Corporal Toriola Adewale, who honourably retired from the Nigerian Army six years ago, was subjected to brutal torture by the so-called IPOB/ Biafra Liberation Army.

“He was also forced to deliver coerced messages to active military personnel, urging them to abdicate their constitutional responsibilities and abandon their duties. This defenceless citizen was further compelled to falsely claim he was treated well while being held captive.

“It must be unequivocally stated that the claim by IPOB and its terrorist leader that ex-corporal Toriola is still serving in the Nigerian Army is far from the truth. This outrageous propaganda by the IPOB terrorist group is undoubtedly an attempt to justify their savage mistreatment of an unarmed, law-abiding citizen who served his country meritoriously. Such dehumanizing acts must be condemned in the strongest terms by the international community.

“The Nigerian Army therefore urges all Nigerians to disregard this malicious video and stand united against the vile acts of terrorism perpetrated against Nigerians, and particularly, the good and law-abiding people of South East Nigeria by IPOB terrorists. It is no gainsaying that an overwhelming majority of Nigerians in the South East and across the nation have already rejected the criminal propaganda spread by IPOB.

“The savage treatment of innocent citizens like ex-corporal Toriola and other law-abiding Nigerians must not be treated with levity. We call on all relevant international organisations, including Amnesty International and the International Criminal Court, to take immediate action and hold Simon Ekpa and other IPOB terrorist elements accountable for these heinous crimes.”

According to the statement, the Army and other security agencies have recently intensified operations to fight terrorism and insurgency in the Southeast and other parts of the country.

It added, “The recent annihilation of key terrorist leaders in identified terrorists’ strongholds is indicative of this commitment.

“The villainous acts of terror by Simon Ekpa and his accomplices must come to an end, as justice will soon catch up with them. They can run, but they can’t hide forever.”

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281 Inmates Missing From Custodial Centre After Borno Flood 

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The Nigerian Correctional Service (NCS) has declared 281 inmates missing from the Medium Security Custodial Centre, Maiduguri, the Borno State capital.

The Service noted that this followed an evacuation process in the aftermath of the flood incident in the State, as seven inmates were returned to the centre.

NCS, in a statement by its spokesman, Umar Abubakar, in Abuja, yesterday, released the details of the inmates, including their biometrics.

Abubakar said, “The Nigerian Correctional Service has observed the flooding currently being experienced in Maiduguri, Borno State, and its environment.

“The unfortunate incident has left scars, bringing down the walls of the correctional facilities, including the Medium Security Custodial Centre, Maiduguri (MSCC), as well as the staff quarters in the City.

“Upon the evacuation of inmates by officers of the service with support from sister security agencies to a safe and secure facility, 281 inmates were observed to be missing.”

He, however, added that “it is important to note that the service is in the custody of their details, including their biometrics, which is being made available to the public below.

“The service is working in synergy with other security agencies as both covert and overt deployments have been activated to look out for them.

“Presently, a total of seven inmates have been recaptured and returned to custody, while efforts are on the ground to track down the rest and bring them back to safe custody.”

While this effort is on, the public is assured that the incidence does not impede or affect public safety.”

Recall that the Service’s spokesman had, in a statement last Tuesday, assured that the NCoS officials were working diligently to manage the flood incident that had affected the custodial centre.

Abubakar said, “As the agency responsible for the safekeeping of inmates, we want to assure the public that we are taking all necessary measures to ensure public safety, evacuate inmates to a safer facility, ensure smooth operations, and collaborate with sister security and relevant agencies in providing support and assistance to those affected.

“Contrary to initial reports, the officers and men of the command are working around the clock to ensure a smooth and secure transfer process.

“We appreciate the support and guidance from the Presidency and the Vice President’s visit to Maiduguri to assess the situation.”

According to the National Emergency Management Agency, more than 23,000 households have been hit by the rapid rise of water following the weekend rupture of the Alau Dam on the Ngadda River, 20km south of Maiduguri.

The flood began after the dam overflowed following heavy rains leading to the town’s worst flooding in 30 years, according to the United Nations Human Rights Refugee Council and Maiduguri Metropolitan Council residents.

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Parents Threaten Boycott Over 200% Hike In Lagos Boarding School 

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Parents of students in Lagos Model Colleges are demanding the reversal of a recent 200% increase in boarding fees, accusing the Lagos State Ministry of Education of corruption and insensitivity.

The Chairman of the Parents’ Forum of Lagos Model Colleges, Surv. Dapo Dawodu, raised the alarm on Saturday during the Forum’s meeting in Lagos.

The parents’ forum also threatened to keep their children at home until the fee hike is reversed.

The Tide reports that on Friday, 13th September, the Lagos State Government increased boarding fees in all secondary schools from N35,000 to N100,000 per term.

A letter to all boarding school principals, signed by the Director of Basic Education Services at the Lagos State Ministry of Basic and Secondary Education, Olufemi Asaolu, read: “I have the directive of the Honourable Commissioner to inform all public boarding schools in Lagos State that the State Government has approved the review of the boarding fee payable in all public boarding schools. The newly approved fee is N100,000 only.”

In response, the parents forum, in a letter, dated 14th September, titled “Re: Increment in Fees”, and addressed to parents, described the hike in boarding fees as mindless, provocative and offensive.

The letter partly read: “In the last 24 hours, we have witnessed an avalanche of disdain, anguish, and frustration at the mindless and provocative 200% increase in boarding fees for our children, imposed by the corrupt officers of the Lagos State Ministry of Education!

“It is unfortunate that the unbridled greed of these enemies of the good people of Lagos State (you, the parents) was facilitated by the ministry’s leadership.

“To put it clearly, the fee of N100,000 per term, when paid in a school of 1,000 students, translates to N100 million for the school principal to feed the children for just three months!

“Previously, the same exercise was carried out by the same principal for less than N35 million.

“In a school of 500 students, a principal now wants to spend N50 million for an exercise that used to cost below N17.5 million, paid by parents. If our Honourable Commissioner is not scandalised by this, we parents find it exceedingly offensive!”

The Forum also reminded the Lagos Ministry of Education to review their proposed school feeding and welfare initiative for implementation.

The letter continued: “In February 2024, we proposed a solid scheme for the feeding and welfare of our children in these schools, which the ministry has not been able to fault to date.

“Lagos State prides itself on a free education policy, which should not exclude the boarding programme.

“Parents of boarding students have shown understanding with past governments when the state’s finances were strained many years ago.

“However, with the current government receiving over 350% more funding, boosted by the removal of subsidies—which has drastically reduced parents’ spending power by over 600%—we find it unacceptable that parents are now subjected to further hardship through this unnecessary fee hike.”

The Forum is urging Lagos parents to keep their children at home starting from yesterday,15th September, 2024.

According to the letter, “After considering your concerns, we agree that to avoid swallowing this unjust bait from the government—especially given that some principals have threatened not to allow our children into the boarding houses without the payment of N100,000—we have no option but to ask parents to keep their children at home tomorrow, Sunday 15th until this unreasonable decision by the ministry is FULLY REVERSED! NO REVERSAL, NO RESUMPTION!”

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