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Furore Over 1,411 Nigerian Delegates to COP28

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By Adedapo Adesanya

President Bola Tinubu came under immense criticism as Nigeria’s party was the highest from Africa at the ongoing COP28 in Dubai, United Arab Emirates (UAE).

According to a list published by the United Nations Framework Convention on Climate Change (UNFCCC), Nigeria is also third-highest overall in number of delegates at the conference.

The provisional total for COP28 indicates that 81,027 delegates registered to attend the summit in person, with a further 3,074 attending virtually, this takes the overall total to 84,101.

The figure is 30,000 more than those who travelled to Sharm El-Sheikh in Egypt for COP27 in 2022, the previous largest in an almost 30-year history of summits.

The UAE accounted for the largest-ever registered delegation of any country, with 4,409 badges, followed by Brazil with 3,081.

Nigeria and China are joint third with 1,411 badges each with criticism coming as Nigeria’s entourage was littered with government officials, staff of non-governmental organisations (NGOs) and celebrities.

But the Senior Special Assistant to Mr Tinubu on Media and Publicity, Mr Tope Ajayi, in a statement, said the list captured delegates sponsored by private organisations, businessmen, Non-Governmental Organisations (NGOs), and others.

Tinubu Announces 100 Electric Buses for Greener Nigeria

President Tinubu said Nigeria is taking a significant step towards a sustainable and eco-friendly future by introducing a pioneering initiative to deploy a fleet of 100 electric buses.

The President spoke at a high-level meeting with stakeholders and investors on the Nigeria Carbon Market and Electric Buses Rollout Programme on Saturday in Dubai on the margins of the ongoing summit.

He explained that the strategic initiative is aimed at significantly reducing Nigeria’s carbon footprint and modernizing the country’s transportation systems as part of a larger effort to position Nigeria and Africa as the pioneering frontier of green manufacturing and industrialization with a focus on natural gas as a transition fuel alongside other renewable energy sources.

To spearhead this transformative plan, the President announced the appointment of the Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr Zacch Adedeji, and the Director-General of the National Council on Climate Change (NCCC), Mr Dahiru Salisu, to co-chair the Nigeria Carbon Market Activation Plan.

“This initiative stands as a testament to our dedication to environmental stewardship as clearly exemplified through our collaboration with the Africa Carbon Market Initiative. Our visionary plan is a strategic guidepost, directing Nigeria towards becoming an investment-friendly destination for carbon market investments.

”We recognize the imperative of fostering an environment that not only attracts investment but also upholds standardized and sustainable industrial practices. As a manifestation of our forward-thinking approach, we are actively looking to implement robust, enabling policies and frameworks that will serve as the catalyst for the burgeoning growth of the carbon market within our national borders.

”In further driving my commitment, I have recently approved an Inter-governmental Committee on Carbon Markets to be chaired by the Executive Chairman of the Federal Inland Revenue Service and the Director-General of the National Council on Climate Change to drive this visionary plan,” the President stated.

The President assured prospective investors that this initiative transcends being a mere pilot project.

”It is a concrete manifestation of our unwavering dedication to a carbon-neutral future. I assure you; this is only the commencement of our ambitious plans, with many more impactful initiatives on the horizon,” he said.

President Tinubu, while acknowledging the pressing need for a comprehensive global collaboration on climate-related challenges, called on global partners to join hands in accelerating collective efforts towards a net-zero future.

”As we unveil our initiatives, I challenge other nations to emulate our strides in mapping out their sustainable futures with a clear understanding that Africa is a beacon of innovative solutions to climate-related challenges.

”In this pursuit, we acknowledge the pressing need for comprehensive global collaboration, and we reiterate our commitment to being an active participant in international efforts.

“Nigeria’s plans for a greener and cleaner economy can serve as an inspirational narrative for nations worldwide. Our comprehensive approach, rooted in visionary leadership and pragmatic action supported by our technical partners, is poised to become a blueprint for countries aspiring to also develop and catalyze their markets for sustainable growth,” the President concluded.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Oyo Rehabilitates Agbowo Road, Three Others

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Agbowo road Ibadan

By Modupe Gbadeyanka

Four major roads are being rehabilitated by the Oyo State government to improve transportation infrastructure and enhance mobility.

The chairman of the Oyo State Road Maintenance Agency (OYSROMA), Mr Busoye Ogunlade, in a statement in Ibadan last Friday, said the roads should be completed in less than eight weeks.

The roads include Bashorun Oluwo-nla road, Agbowo road, Eleyele-Water road, and Zion plaza-Olusoji road.

“Work has commenced on some of these roads, as we speak. However, repairs on other roads will commence soon,” Mr Ogunlade said, advising commuters to follow temporary traffic diversions and cooperate with the ongoing construction efforts.

The OYSROMA chief said the ongoing rehabilitation was based on fund availability and the economic viability of those roads, noting that the move is in line with the commitment of the administration of Governor Seyi Makinde to make the state more attractive to both local and foreign investors.

“Governor Seyi Makinde has given us the mandate to rehabilitate roads across the State, and we have mobilized Engineers, through direct labour to these sites,” he said, adding that to make the exercise have the desired impact on the people, the agency has gone across all zones and picked critical roads that need rehabilitation across the state.

“This is borne out of the complaints we received during zonal town hall meetings from residents of the state. Our Engineers have swung into action and have taken measurements of critical roads,” he said.

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UNILAG Honours AXA Mansard Chairman Kola Adesina With Doctoral Degree

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By Modupe Gbadeyanka

The chairman of AXA Mansard Insurance Plc, Mr Kola Adesina, has been bestowed with an honourary doctorate degree by the University of Lagos (UNILAG).

The prestigious higher institution of learning said the degree was given to the prominent Nigerian businessman because of his exceptional contributions as a “globally renowned entrepreneur with extensive experience spanning academia, finance, trade, diplomacy, and the energy sector.”

The conferment ceremony at UNILAG’s main auditorium last week was graced by dignitaries from various sectors, including academia, finance, and industry, who gathered to honour Mr Adesina’s remarkable achievements and contributions.

The chief executive of AXA Mansard, Mr Kunle Ahmed, lauded Mr Adesina’s virtues and emphasised that the honorary degree is a testament to his exemplary leadership and relentless pursuit of excellence.

“Mr Adesina’s visionary approach has been pivotal in driving our company’s success and positively influencing our ambition to transition from a payer to a partner.

“We are incredibly proud of his accomplishments and this well-deserved recognition,” Mr Ahmed remarked.

Also, the Chief Client Officer of AXA Mansard, Ms Rashidat Adebisi, congratulated her chairman on the recognition, noting that it underscores Mr Adesina’s significant impact in Nigeria and Africa’s growth and development.

“As a business, we have greatly benefited from Mr Adesina’s vast expertise and wealth of experience. His outstanding leadership and dedication to our nation’s progress are truly remarkable.

“We are immensely proud to be associated with him and celebrate this milestone. We believe this honour will inspire Mr Adesina to continue being a beacon of progress in Nigeria’s socio-economic landscape,” she stated.

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20,000 Nigerian Armed Forces Personnel to Receive Consumer Credit

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Nigerian Armed Forces

By Adedapo Adesanya

As part of initiatives to celebrate the just concluded Armed Forces Remembrance Day, the Nigerian Consumer Credit Corporation (Credicorp) has kicked off a consumer credit fund for personnel of the armed forces in a partnership with Fewchore Finance.

The scheme aims to benefit 20,000 armed forces personnel in its first phase.

This fund – kicking off with the Armed Forces Remembrance Day – advances President Bola Tinubu’s vision to extend consumer credit access to over 50 per cent of working Nigerians by 2030.

This demonstrates a specific commitment to improving the welfare of Nigerian soldiers who protect and serve the nation.

Via affordable consumer credit, members of the Armed Forces can now acquire life-enhancing household assets and meet immediate financial challenges – and at even better terms for locally manufactured goods.

According to a press release, the programme aims to ease their financial burden, boost morale, and enhance the well-being of their families, most of whom they leave for the battlegrounds.

President Tinubu has long championed the welfare of uniformed personnel, and this initiative reflects his commitment to creating meaningful support systems.

“This programme shows Mr. President’s commitment to supporting those who protect and serve our nation,” said Mr Uzoma Nwagba, Managing Director/CEO of Credicorp. “By making credit accessible to armed forces personnel, we not only honor their service but also advance the President’s goal of using consumer credit for much better lives.”

On his part, the chief executive of Fewchore Finance, Mr Sunkanmi Balogun, added, “We are proud to support the courageous men and women of the armed forces. At Fewchore Finance, we have a long-standing relationship with the Armes Forces and remain committed to creating solutions that address real needs.”

The initiative, starting with a first phase targeting 20,000 beneficiaries, will involve all branches of the armed forces.

Phased implementation will ensure equitable access, coordinated with the respective Accounts and Budget departments of the forces.

The programme launched at the last Armed Forces Remembrance Day carries deep symbolic meaning, showcasing the nation’s gratitude and dedication to the brave men and women who protect its peace and security.

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