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Tanzanian Heads UN Convention on Biological Diversity

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Elizabeth Mrema (UNEP)

By Kester Kenn Klomegah

Elizabeth Maruma Mrema, a national of the United Republic of Tanzania in East Africa, has been appointed as the new Executive Secretary of the United Nations Convention on Biological Diversity.

She is a lawyer based in Montreal, Canada and she takes on her new role after more than a decade in leadership positions at the United Nations Environment Programme (UNDP) – and at a crucial time.

She has published several articles related to international environmental law, compliance and enforcement of conventions and developed, among others, a number of multilateral environmental agreements negotiation tools, handbooks and guidelines currently used by UNEP in its capacity-building programmes.

By her appointment, Elizabeth Mrema becomes the first woman from Africa to lead the intergovernmental body.

She will oversee the creation of a global biodiversity agreement for the next decade. It, therefore, means she has a mighty task ahead of her, leading countries as they negotiate new biodiversity targets.

The biological diversity was created by a UN treaty, signed into force by nations in 1992, and helps to set global targets to conserve biodiversity.

The previous global biodiversity targets, signed in 2010 and called the Aichi targets, are widely agreed to have failed to stop species loss.

Some scientists are now renewing calls for a single target to halt species extinction. But others worry that an extinction target would neglect other important goals of the agreements, such as ensuring that benefits from biological resources are shared.

“One could say that I have been appointed at a bad time for biodiversity, considering that the whole world is just emerging from, or still in, lockdown,” she says. “But at the same time, I see it as a major opportunity, as biodiversity is being discussed more than ever before.”

The new coronavirus, which originated in animals before it spread to people, has also brought renewed calls to stop the trading of wildlife, provoking long-simmering tensions between those who want to conserve species, and those pushing for their sustainable use.

There is greater awareness of the impact that human activities can have on nature, and of the connection between human health and biodiversity.

The interference, through deforestation, agricultural expansion, livestock intensification and habitat fragmentation, has exposed wild animals and brought them into closer contact with people, which has resulted in the spillover of pathogens and zoonotic diseases, human-to-human transmission through trade and tourism, and the explosive pandemic currently in the world, explains Elizabeth Mrema.

But the coronavirus pandemic has brought these issues to the fore and has emphasized discussions about how to prevent future pandemics.

Closing wet markets and banning wildlife trading totally would negatively affect communities who depend on wild animals. The consumers and buyers of wild animals are not poor people; they are the affluent communities in the cities. A total ban would also open the door to illegal trade in wildlife.

“Instead, we need more hygienic practices in wet markets that continue to operate, and regulated wildlife trade, within the framework of the Convention on International Trade in Endangered Species of Wild Fauna and Flora.

“We need to ensure the sustainable consumption of species for those communities who rely on this, while also curbing illegal trade.

“It is a delicate balance. Countries cannot deal with these problems on their own. We need international cooperation,” she added.

The current biodiversity targets have largely failed. The reasons for those failures are now well-known, and there is a need building on those lessons into the draft global biodiversity framework.

Unlike the previous goals, the major difference this time is that all stakeholders, including youth, business and indigenous groups have contributed to various iterations of the draft.

The parties are still the decision-makers who will finally adopt the framework, but they have realized that they need the engagement of other groups during the negotiations and in implementation.

It has to involve environmental ministries and departments, and this time, health, agriculture, fisheries, forestry, planning and finance ministries are getting involved.

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UNIZIK Appoints Nicholas Okoye Visiting Senior Lecturer, to Strengthen Digital Assets Education

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Nicholas Okoye

Nnamdi Azikiwe University (UNIZIK) has appointed veteran investment banker and capital markets expert, Nicholas “Nicky” Okoye, as a Visiting Senior Lecturer in a move aimed at strengthening its capital markets and digital assets curriculum amid the growing global adoption of virtual assets and blockchain-based finance.

The appointment, which takes immediate effect, is expected to deepen the university’s capacity to train enterprise executives, entrepreneurs and policymakers in emerging areas such as cryptocurrencies, stablecoins, Central Bank Digital Currencies (CBDCs), tokenisation of real-world assets and other digital financial innovations.

UNIZIK, which hosts one of Africa’s few dedicated Capital Markets faculties, said the appointment aligns with its strategy of equipping students and professionals with the knowledge and practical skills required to navigate the rapidly evolving financial ecosystem.

The university, in its statement, described the appointment as a significant milestone for the institution.

“Securing someone of Nicky Okoye’s calibre is a game-changer. As global finance evolves, we must equip enterprise executives, entrepreneurs and policymakers with the technical knowledge required to build long-term capital formation strategies. His real-world experience is invaluable.”

Okoye brings decades of experience across global and Nigerian financial institutions. His career includes serving as a Financial Consultant at Merrill Lynch in the United States, Chief Strategy Officer at the Nigerian Exchange Group, and Founding Group Executive Director of Operations and Strategy at Transcorp Group Plc, where he led fundraising initiatives that collectively exceeded $1 billion.

He currently leads the Global Investment Advisory Community (GIAC), a coalition of local and international banks, asset managers and fintech firms working to develop a digital assets ecosystem across Africa and the Caribbean.

Beyond the private sector, Okoye has contributed to public policy, providing advisory support to the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) on capital market regulatory frameworks.

Stakeholders in the financial services sector have welcomed the appointment, expressing optimism that his academic engagement would help build capacity among investors and professionals as Nigeria expands its digital finance ecosystem.

Okoye also holds an honorary Doctor of Business Administration from Enugu State University of Technology, awarded in recognition of his contributions to enterprise development and business excellence.

He previously served on the Presidential Jobs Board and the National Council of Small and Medium Scale Enterprises, where he provided strategic advice on economic development. Between 2014 and 2018, he advised the Nigeria Content Development and Monitoring Board (NCDMB) on Project Triple E, an initiative designed to strengthen indigenous participation in the upstream oil and gas value chain by integrating community-based contractors.

The appointment comes as Nigeria intensifies efforts to establish a robust regulatory framework for digital assets. The Federal Government recently inaugurated a National Virtual Assets Council to coordinate the oversight and regulation of virtual and digital assets in the country.

The council is chaired by the Central Bank of Nigeria, with support from the Securities and Exchange Commission and the Nigeria Revenue Service, as part of broader efforts to promote innovation while ensuring investor protection and financial system stability.

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Tinubu Appoints Fayose Rural Electrification Agency Chairman

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ayo fayose rea chairman

By Modupe Gbadeyanka

The former Governor of Ekiti State, Mr Ayodele Fayose, has been appointed by President Bola Tinubu as the chairman of the Rural Electrification Agency (REA), with immediate effect.

A statement signed by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, on Monday night said Mr Tinubu also made 25 other new appointments into 10 federal government agencies and commissions.

Also appointed was Major General Junaid Bindawa as chairman of the National Salary and Wages Commission.

On the board of REA are Mr Ahmadu Abubakar and Engineer Ilyasu Ibrahim Makinta as members and non-executive directors. The incumbent DG of the agency, Abba Abubakar Aliyu, and three executive directors previously appointed make up the remaining board members.

President Tinubu made eight other appointments to the Wages Commission, along with Mr Bindawa. Former member of the House of Representatives from Lagos, Olajumoke Okoya-Thomas, is the new secretary of the commission.  Dr Ogbole Ene Lilian, Oladele Olatubosun, and Yakubu Umar Barde, representing Benue, Oyo and Kaduna, were appointed as commissioners.

Dr Mai Adamu Yau, from Borno, Ginika Florence Tor (Enugu), Engineer Lawrence Okoh (Edo) and Bello Morenike Iyabode (Kogi) were appointed as members of the commission.

Tosin Johnson Adeyanju, who was previously appointed as the Executive Secretary of the National Lottery Trust Fund (NLTF), has now been moved to the Revenue Mobilisation and Fiscal Commission as Secretary.

Mr Tinubu also appointed Dr Abuh Mohammed as the DG of the National Population Commission, Dr Akinola Odeyemi as Managing Director of the Nigerian Bulk Electricity Trading (NBET), and Dr Anthony Inalegwu Godwin as chairman/CEO of the Nigeria Atomic Energy Commission. Engineer Julius Oloro, a former council chairman, is the new CEO of the Kwara-based National Centre for Agricultural Mechanisation (NCAM), replacing Dr A.R. Kamal, who died last January.

The President constituted the board of the Fiscal Responsibility Commission, with Dr Abdullahi Maikano Saidu as chairman. Members include Mohammed Asmau, Mohammed Aliyu Makama, Dr Suleiman Gidado, Louis O. Ndukwe, Amaechi Ugwele and Olaniyi Idowu Onikola.

Shuni Muhammad Dahiru is the new executive secretary of the National Commission for Mass Literacy, Adult and Non-Formal Education, replacing Professor Shu’aibu Shehu Aliyu, who was reassigned to the Petroleum Trust Development Fund (PTDF) in April.

To replace Mathias Byuan, the former executive director, finance of the Federal Housing Authority, who resigned to contest the governorship election in Benue, President Tinubu named Gisaor Vincent Iorja. The new occupier of the position is an economist, legal scholar, and academic currently serving as the secretary of the Benue State Independent Electoral Commission (BSIEC).

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Elumelu Quits as UBA Chairman, Nnorom Takes Over

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tony elumelu and emmanuel nnorom

By Aduragbemi Omiyale

In line with the 12-year tenure prescribed for non-executive directors of banks by the Central Bank of Nigeria (CBN), Mr Tony Elumelu will on August 21, 2026, cease to be chairman of United Bank for Africa (UBA) Plc.

The board of the financial institution at its meeting on July 6, 2026, has elected Mr Emmanuel Nnorom as the new chairman.

In a notice to the Nigerian Exchange (NGX) Limited, the lender said Mr Elumelu’s successor, a non-executive director of the company, will assume the new role on August 21, 2026.

Mr Nnorom is a chartered accountant with over 40 years of experience in banking, finance and audit. He brings to the role extensive leadership experience and deep institutional knowledge of UBA.

“I am honoured by the trust the Board has placed in me and deeply conscious of the legacy I inherit.

“I look forward to working with my colleagues on the board, management and our staff across all our markets to sustain UBA’s momentum and continue delivering long-term value to our shareholders, customers and stakeholders,” Mr Nnorom stated.

Commenting on his retirement, Mr Elumelu said, “Serving United Bank for Africa has been one of the great privileges of my career.

“UBA has a unique competitive position, across Africa and globally, and I leave the Board with great confidence in UBA’s future.

“Emmanuel Nnorom is a leader of integrity, experience and sound judgement, and I am confident that the Bank will continue to thrive under his leadership.”

The board thanked him for his visionary leadership and exceptional contribution to the growth, transformation and institutional strength of the UBA Group.

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