General
Nigeria Becomes 48th Party to Join UN Water Convention
By Adedapo Adesanya
Nigeria has resolved to join a key United Nations accord known as the Water Convention, in which the country will play its part in using its water resources for conflict prevention, climate change adaptation, and development.
Nigeria, on March 22, officially became the 48th Party to the Water Convention and the 7th African nation to join since 2018, following the footsteps of Chad, Senegal, Guinea-Bissau, Ghana, Togo and Cameroon.
With over 213 million inhabitants, Nigeria is the most populous state in Africa, and shares with its neighbours most of its water resources, which include Lake Chad and the River Niger.
Governments are seizing the UN Water Convention to support practical cooperation measures – urgently needed as 153 states worldwide share water resources – as a precondition to tackle the global water crisis.
Other countries that have joined include Iraq, which declared its forthcoming accession. This makes it the first country in the Middle East to join the Convention, opening the door to expanded membership in a region facing acute water challenges.
Panama stated it would soon become a Party, which would make it the first in Latin America, paving the way for reinforced cooperation in a region with a very limited number of agreements on the management of shared waters (and a value of the associated Sustainable Development Goals indicator at less than 10 per cent.
Namibia also reaffirmed its commitment to join the Water Convention following the approval of its national assembly last week. Namibia shares all its perennial rivers with neighbouring countries and is both a mid- and downstream country. Its accession would make it the first country in the Southern African Development Community to join the Convention, opening the door to further expansion and reinforcement of cooperation in a region where the majority of freshwater crosses state borders.
Gambia, whose parliament approved its accession to the Water Convention last week, membership will make a significant contribution to the more dependable management of its water resources, jointly with its neighbouring states.
The Gambia is a downstream country along the Senegal River, which shares all its land borders with Convention Party Senegal. It also shares the Senegalo-Mauritanian Aquifer, for which the Convention is already supporting cooperation.
Niger confirmed its intention to join, bringing all major Lake Chad bordering nations under the Convention’s legal framework. This is a decisive step in the increasingly drought-prone Sahel region since it gives Lake Chad – whose volume has shrunk by more than 90 per cent since 1963 – full legal protection under the Convention.
Uganda affirmed its intention to accelerate accession to the Water Convention. Expansion of the Convention’s membership to East Africa would open significant new possibilities for stronger cooperation in the region.
Benin, Sierra Leone, and South Sudan also declared their commitment to accede to the Convention.
In East Africa, Tanzania has also confirmed its desire to join.
Through this momentum, the international community has further consolidated the UN Water Convention as the intergovernmental legal framework and platform for transboundary water cooperation, building on its 30-year track record of results to advance peace and sustainable development in shared basins.
Further scaling up membership of the Water Convention – which already covers the pan-European region and a growing number of African states – would bring long-term benefits for over 3 billion people worldwide living in shared basins. Further commitments to join from governments are expected to follow over the duration of the UN Water Conference.
This month, El Salvador confirmed its intention to join the Convention, as did the Dominican Republic in 2022.
UN Secretary-General António Guterres urged all Member States to join the Convention and ensure its full implementation and has stressed that “the 1992 Water Convention is a powerful tool to advance cooperation, prevent conflicts and build resilience”.
The 1992 Convention on the Protection and Use of Transboundary Watercourses and International Lakes (Water Convention), known as the UN Water Convention, whose secretariat is serviced by UNECE, is a unique global legal and intergovernmental framework.
It requires the parties to prevent, control and reduce negative impacts on water quality and quantity across borders, to use shared waters in a reasonable and equitable way, and to ensure their sustainable management through cooperation. Parties bordering the same transboundary waters are obliged to cooperate by concluding specific agreements and establishing joint bodies.
General
NCSP Strengthens Strategic Investment Cooperation With China
By Adedapo Adesanya
The Nigeria–China Strategic Partnership (NCSP) recently hosted a high-level delegation from Newryton International Industrial Development Company Limited, a leading Chinese investment and industrial development consortium, to advance discussions on deepening bilateral trade, industrial cooperation, and development financing between both countries.
The Newryton delegation, led by Mr David Chen, Assistant Secretary-General of the China Hainan Investment Council, had earlier engaged with the Nigerian Association of Commerce, Industry, Mines and Agriculture (NACCIMA). They were accompanied to the NCSP by Mr Joe Onyuike, Vice-Chairman of NACCIMA’s Agriculture and Livestock Trade Group, who conveyed NACCIMA’s support for the delegation’s engagements.
Discussions centered on the establishment of a Nigeria–China Trade and Investment Platform, including a proposed Promotion Centre in China to support Nigerian products, investors, and state governments.
The consortium also presented opportunities within Hainan Province’s Free Trade Port (FTP), which offers preferential policies that Nigerian businesses can leverage to expand exports and attract new investments.
In his address on behalf of Newryton, Mr Pong outlined plans to collaborate with NCSP in accessing FOCAC-supported financing for strategic investments in agriculture, energy, mining, solid minerals processing, and related sectors. The delegation identified aquaculture as a key area of interest and referenced the forthcoming Global Aquaculture Conference in Hainan Province, encouraging Nigerian stakeholders to participate.
They also expressed readiness to strengthen cooperation in vocational training and employment under the Belt and Road Initiative (BRI).
Welcoming the delegation on behalf of the Director-General, Martins Olajide, NCSP’s Head of Internal Operations, reaffirmed the organisation’s commitment to fostering mutually beneficial partnerships.
He highlighted NCSP’s strong interest in the proposed Nigeria–China Trade and Investment Platform and the development of the Nigerian Oil Palm Industrial Park as a flagship demonstration project.
Also speaking at the meeting, Ms Judy Melifonwu, NCSP’s Head of International Relations, underscored the opportunities presented by China’s zero-tariff policy and the forthcoming NAQS–GACC protocol on the export of Nigerian aquaculture products. She noted that these frameworks would significantly enhance Nigeria’s competitiveness in emerging global markets.
Both parties expressed commitment to advancing discussions toward a structured cooperation framework covering all priority areas.
General
UKNIAF Marks Six Years Infrastructure Support to Nigeria
By Adedapo Adesanya
The United Kingdom–Nigeria Infrastructure Advisory Facility (UKNIAF), established in 2019 as part of a 16-year legacy of UK-funded infrastructure support to Nigeria, convened over 100 senior stakeholders on Tuesday, December 2, to review its progress and formally close out its current phase of operations.
The event brought together representatives from federal and state governments, development partners, development finance institutions, and the private sector to reflect on UKNIAF’s work across the power, infrastructure finance, and roads sectors. Discussions focused on institutional reforms, capacity development, and the sustainability of tools and processes introduced over the past six years.
Since inception, UKNIAF has delivered targeted technical assistance designed to embed evidence-based reforms, data-driven decision-making, and improved institutional performance. Its interventions have mobilised significant financing, strengthened regulatory and planning systems, and enhanced investor readiness across multiple infrastructure markets.
In the power sector, participants highlighted landmark achievements including the development of Nigeria’s first Integrated Resource Plan, which outlines a least-cost and low-carbon pathway for expanding electricity supply. UKNIAF also supported the Nigerian Electricity Regulatory Commission (NERC) in building advanced real-time data capabilities for tariff monitoring, grid management, and outage tracking. The programme enabled pioneering states to establish their own electricity markets following constitutional reforms.
In infrastructure finance, UKNIAF was recognised for strengthening project preparation systems and enabling access to capital. Notable accomplishments include supporting the mobilisation of $75 million from the African Development Bank to the Special Agro-Industrial Processing Zone (SAPZ) programme in two states, and accelerating mini-grid and solar deployment through improved technical standards at the Rural Electrification Agency (REA).
UKNIAF also designed a national project preparation facility, for which N21 billion was allocated in both the 2024 and 2025 budgets to build a pipeline of bankable projects.
Speaking on this, Mr Frank Edozie, UKNIAF Team Lead, described the programme’s close-out as a “handover for sustained delivery,” emphasising that strengthened institutions now hold tools that make Nigeria’s infrastructure landscape more transparent, climate-smart, and investor-ready.
On his part, the Minister of Power, Mr Adebayo Adelabu, commended the programme, noting that its technical assistance and advisory services had helped lay the foundation for a sustainable and inclusive electricity supply industry.
Mrs Cynthia Rowe, Head of Development Corporation at the UK Foreign, Commonwealth and Development Office (FCDO) in Nigeria, praised the partnership, highlighting achievements ranging from state-level electricity market reforms to unlocking major financing and designing Nigeria’s Climate Change Fund.
Enugu State Secretary to the State Government, Professor Chidiebere Onyia, underscored the lasting influence of the programme, stating that UKNIAF’s impact continues through the expertise and leadership transferred to national and sub-national institutions.
The close-out event reaffirmed stakeholders’ commitment to sustaining tools, reforms, and knowledge products developed under UKNIAF, while strengthening collaboration among public, private, and development actors in the infrastructure ecosystem.
Participants included federal and state agencies such as the Nigeria Governors’ Forum, Federal Ministry of Power, Ministry of Finance, NERC, REA, and the Transmission Company of Nigeria, alongside development partners including the African Development Bank, World Bank, and IFC, as well as private sector and civil society stakeholders.
General
Dangote Refinery Reduces PMS Pump Price to N699 Per Litre
By Aduragbemi Omiyale
The gantry price of Premium Motor Spirit (PMS), otherwise known as petrol, has been slashed by the Dangote Petroleum Refinery.
The Lagos-based oil facility brought down the ex-depot price of the petroleum product by 15.58 per cent or N129 per litre to N828 per litre.
Though the company had yet to release an official statement on this development, real-time market data on Petroleumprice.ng on Friday showed the new price.
Punch reports that data from the platform also showed fresh reductions across several private depots following the refinery’s latest review.
Sigmund Depot cut its ex-depot price by N4 to N824 per litre, Bulk Strategic dropped its price by N3, and TechnoOil slashed its by N15.
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