General
BCG Launches New Centre to Address Climate Change Impact
By Aduragbemi Omiyale
A platform aimed to address the impact of climate change and accelerate progress toward net-zero has been launched by Boston Consulting Group (BCG).
The organisation said the Centre for Climate & Just Transition in Africa is part of its global focus on helping companies and governments accelerate their climate and sustainability journeys.
Africa is disproportionately exposed to the risks posed by climate change. Increased climate volatility, rising water scarcity and the occurrence of extreme events such as droughts and floods will have a devastating effect on local livelihoods and regional food systems.
The devastating impact of climate change on farmers’ productivity and recent floods in Lagos, Nigeria bear testament to this.
BCG said the centre has already more than 50 core members across Africa and is led by a passionate team, with responsibilities across countries and topics.
The leadership team is all based in Africa and the vast majority are Africans, consistently with its ambition to unlock the full potential of Africa.
“Both Climate and Africa are priorities for BCG globally, and that is why we are launching our Centre for Climate & Just Transition in Africa, with the purpose of unlocking the full potential of Africa to advance climate action and a Just Transition,” said Lucas Chaumontet, Managing Director and Partner at BCG, Johannesburg.
“Nigeria’s economic development has been impeded by the poor power supply for many years due to several factors, not least the degradation and under-capacity of the power infrastructure in the country.
“However, the passage of the Nigerian Electricity Bill 2022, which empowers states to generate electricity and licence investors to install mini-grids, renewables and power plants, is a key ingredient for a just transition to net zero whilst addressing the urgent need for energy access,” said Oluseun Solanke-Ebhojie, Partner and Associate Director, BCG Nigeria.
“We believe that when the electricity bill becomes law and is properly implemented, it will go a long way in strengthening the power sector and accelerating access to electricity for all Nigerians.”
“Through the Centre, global and local experts from the public and private sectors and across the sustainability spectrum will engage, share knowledge and be able to access a vast library of relevant tools to achieve these aims.
“By bringing together a full suite of mitigation, adaptation and just transition capabilities to a broad set of industries and governments across the continent we will be able to accelerate impact in the climate space,” said Chaumontet.
General
NNPC Remitted N10trn into Federation Account in 2024—Kyari
By Adedapo Adesanya
The chief executive of the Nigerian National Petroleum Company (NNPC) Limited, Mr Mele Kyari, has disclosed that his organisation remitted about N10 trillion into the purse of the federation last year.
Speaking on Wednesday during a presentation on NNPC Limited’s 2024 revenue performance and 2025 projections to the National Assembly’s joint committee on Finance, Mr Kyari the NNPC was the highest taxpayer in the country in 2024 with the N10 trillion paid to the nation, claiming the state-oil company remains the only in Nigeria to publish 100 per cent of its account statements annually.
The NNPC boss also called for a forensic audit of the funds spent by the company on fuel price stabilization and ensuring uninterrupted petrol supply between January and September 2024.
“Until October 1, 2024, NNPCL, as mandated by the Petroleum Industry Act (PIA), acted as the supplier of last resort for fuel supply,” he boasted.
“A forensic audit is needed to determine the financial obligations of NNPCL and any owed entities. Our transactional accounts are transparent and published annually, reinforcing our status as the top taxpayer and the highest contributor of royalties and dividends,” the NNPC chief added.
Regarding the company’s 2025 revenue projections, Mr Kyari indicated that a definitive figure would be provided after the upcoming board of directors meeting in two weeks, assuring the committee that the parameters for the 2025 budget were both realistic and achievable.
Recall that last year, the NNPC claimed that the 125,000 barrels per day Warri Refinery was operating at 60 per cent capacity and will focus on producing and storing critical products, including Straight Run Kerosene (SRK), Automotive Gas Oil (AGO), and heavy and light Naphtha. after the first 110 barrels per day refinery in Port Harcourt was operational.
The NNPC also noted that Kaduna Refinery and the 150,000 barrels per day second refinery in Port Harcourt will consolidate Nigeria’s position as a global energy provider.
General
Amnesty International Demands End to Boko Haram Vicious Killing Spree
By Modupe Gbadeyanka
Boko Haram must put an end to its vicious killing spree in the northern part of Nigeria, the Amnesty International (AI) has declared.
In a statement to condemn the killing of more than 40 civilians by the terrorist group, AI said Boko Haram must be held to account for its years of atrocities, including war crimes in the country.
On Sunday, January 12, 2025, members of the terror organisation attacked the victims on farming communities in Borno State, killing the inhabitants at close range.
In the statement, AI condemned in strong terms “the executions of these civilians which, once again, shows Boko Haram’s utter disregard for the sanctity of human life and for rules of international humanitarian law.”
“Boko Haram must be held to account for its years of atrocities, including war crimes,” the organisation declared in the statement.
“Our findings show that Boko Haram rounded up the farmers and fishermen, separated the men and shot them at close range.
“Those who attempted to flee were pursued and killed while dozens more were injured. A search for dead bodies is still ongoing while a mass burial is being planned for those killed.
“As well as killings targeting civilians, Boko Haram continues to abduct women and girls and extensively loot property.
“The fact that such atrocities remain commonplace shows that more needs to be done to protect civilians and ensure that families of victims receive reparation and justice,” it stated.
Over the weekend, Boko Haram fighters executed over 40 farmers and fishermen at Dumba community near Baga Borno state northeast.
A resident of Baga told AI that dozens of people have been injured and many are missing. Those killed have been buried.
Since 2020, Boko Haram has been targeting farmers and farmers around the Lake Chad. The armed conflict in northeast Nigeria has been ongoing since at least 2011 and it has created a humanitarian crisis, with more than 2 million people displaced, according to the United Nations.
Amnesty International has repeatedly documented crimes under international law and other serious violations of international human rights and humanitarian law committed by both Boko Haram and the Nigerian military in the context of the conflict in northeast Nigeria.
General
NDLEA Lauds Upgrade of Lagos Laboratory by America
By Adedapo Adesanya
The United States government has renovated the laboratory of the Nigerian National Drug Law Enforcement Agency (NDLEA) in Lagos as part of continued efforts to boost Nigeria’s counter-narcotics efforts.
The US government, through the United States Africa Command (AFRICOM) and the Drug Enforcement Administration (DEA), handed over the facility to the agency to complement efforts.
This follows the investment of approximately $500,000 by the American government to modernize and equip the chemical forensic laboratory at the NDLEA zonal office in Lagos in 2024.
The upgraded laboratory, now equipped with cutting-edge technology, enhances the NDLEA’s capacity to analyse suspicious substances and process evidence from crime scenes and suspects.
Acting US Consul General, Ms JoEllen Gorg formally handed over the keys to the new office space to NDLEA Chairman and Chief Executive Officer, Mr Mohammed Buba Marwa, during a ceremony attended by representatives from AFRICOM and the DEA.
Acting Consul General Gorg noted that the donation of a new office, equipped with a solar power system, represents a significant step forward in US-Nigeria security cooperation.
She noted that the new facility will provide NDLEA officers with a secure and professional environment to carry out critical investigative functions, including processing detainees and conducting post-arrest interviews.
“The U.S.-Nigeria security partnership remains strong. This donation is the latest example of the robust and productive cooperation between the U.S. government and the NDLEA,” the Acting Consul General said.
“Over the years, our joint efforts have helped build the capacity of Nigerian authorities to disrupt drug trafficking networks, dismantle clandestine meth labs, and conduct advanced forensic analyses of synthetic drugs,” she added.
On his part, NDLEA Chairman/CEO Marwa lauded the US-Nigeria security cooperation in the fight against illicit drugs and countering narcotics trafficking.
He described the US as a steadfast ally in Nigeria’s fight against drug-related crimes and noted that the collaboration has significantly enhanced the NDLEA’s operational efficiency.
Since the establishment of the NDLEA in 1990, the US Mission to Nigeria has partnered with the agency to combat narcotics trafficking which it has done through training in intelligence, evidence collection, management, and tactical skills, including equipment donation.
-
Feature/OPED5 years ago
Davos was Different this year
-
Travel/Tourism8 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz2 years ago
Estranged Lover Releases Videos of Empress Njamah Bathing
-
Banking7 years ago
Sort Codes of GTBank Branches in Nigeria
-
Economy2 years ago
Subsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking2 years ago
First Bank Announces Planned Downtime
-
Sports2 years ago
Highest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
-
Technology4 years ago
How To Link Your MTN, Airtel, Glo, 9mobile Lines to NIN