NEWS
National Economic Crisis: Adeleke Inaugurates Food Security Committee
In response to the increasing economic hardship ravaging the land, Osun State Governor, Senator Ademola Adeleke will setup a state committee on food security this week.
This was revealed in a government statement issued in Osogbo on Sunday.
It was gathered that the committee would be made up of representatives of civil society groups, youth organizations, farmers’ associations, security agencies, religious groups, market associations and relevant commissioners.
The Commissioner for Special Duties and Regional Integration, Osun State, Dr Bashiru Salami has been designated to lead the committee.
The statement declared that “The Committee is to work on farm security for food production, expand farming activities through state incentives, track foodstuff marketing and pricing, review operations of ongoing palliatives measures with a view for improvement if any and recommend immediate actions to further relieve the suffering of the populace.”
In a related development, Gov Adeleke has reiterated his commitment to the welfare and wellbeing of the people under this national economic emergency.
He made the assertion while hosting the association of Osun indigenes resident in Bayelsa State and pointed that his administration has been introducing one measure or the other to cushion the effect of the current crisis.
In his words, “Our government is built mainly on the welfare of the people. We just launched the distribution of cash grants to almost 20,000 very poor segments of our population. Another 60,000 is being enrolled for ATM cards.
“I have directed the Commissioner for Transport to ensure efficient working of the Imole De Bus Service. Before new buses arrive, we must make judicious use of the refurbished buses to ply key routes where the services are needed.
“I have instructed key commissioners to review their service delivery to respond to the current needs and challenges of the people. The people must be regularly consulted and carried along on policy decisions and implementation.
“Our administration is ramping up efforts to deepen the state’s economy. I have directed the Commissioner for Power to expedite action on the Osun State Electricity bill.
“On the digital economy, I have also instructed the Commissioner for Science and Technology to present an implementation plan for the state ICT Policy and the State Tech Innovation policy. The bill for the domestication of the Nigerian Startup Act will soon be sent to the state assembly.
“I have further directed the Commissioner for Agriculture to prepare a state plan and bill to ease access to farm equipment and inputs for farmers. Of course, the ministry is finalizing the implementation plan on the state Cocoa Revival agenda.
“Our government is pumping millions of naira into the grassroots through hundreds of community associations. The funds are used to build health centers, boreholes, school rehabilitation among others. This is boosting the local economy.
“We are rebuilding our roads, bridges, schools, hospitals, water works to make the economy work, to expand economic activities and attract investors. The multi-billion naira infra plan is ongoing.
“We are paying inherited half salary and pension debt long before Mr President so directed. We are paying wage awards to public servants and pensioners. Osun, almost a civil service state, has a lot to gain from public workers’ welfare because the informal sector depends mostly on the public sector.
“We enrolled all pensioners in the state health insurance scheme. This new week we are launching free surgeries for pensioners statewide. By next month, another edition of the statewide Imole free medical outreach across the nine federal constituencies will commence.
“To secure the state, we recently launched the State Security Trust Fund. We are working on a template for local state policing. A detailed implementation plan will soon be unveiled.
“Your government is doing a lot and I appeal for further support. This administration is a government of the people, for the people and by the people.”
To address Nigeria’s ₦9.7 trillion budget deficit for the 2024 fiscal year, the Senate has approved President Bola Ahmed Tinubu’s request to secure a ₦1.77 trillion ($2.2 billion) loan.
The decision was made during Thursday’s plenary session, where a voice vote confirmed the approval following the presentation of a report by the Senate Committee on Local and Foreign Debts.
RELATED NEWS: Tinubu Seeks ₦1.767tn Loan to Tackle 2024 Budget Deficit
Chaired by Senator Wammako Magatarkada (APC, Sokoto North), the committee endorsed the loan request as a vital step in managing the country’s fiscal challenges.
Recall that President Tinubu had submitted the proposal earlier in the week, outlining the loan as a crucial component of his administration’s external borrowing strategy.
Details shortly…………..
Simon Ekpa, a Finnish citizen of Nigerian descent, has been arrested by Finnish authorities on allegations of inciting terrorist activities.
The Päijät-Häme District Court ordered his detention following an incident that reportedly occurred in Lahti on August 23, 2021.
READ ALSO: Policeman Feared Dead As Gunmen Attack Checkpoint In Abia
The Finnish National Bureau of Investigation (NBI) is also seeking the arrest of four other individuals in connection with the case. Officials say the charges involve public incitement to commit crimes with terrorist intent.
“The detention demands are related to a preliminary investigation in which a Finnish citizen of Nigerian descent, born in the 1980s, is suspected of public incitement to commit a crime with terrorist intent,” the police said in a statement.
Details regarding the additional suspects or the specifics of the alleged crimes remain unclear as the investigation continues. Authorities have emphasized the sensitive nature of the case, stating that further information will be disclosed as the inquiry progresses.
This development marks a significant step in Finland’s efforts to combat terrorism and ensure public safety.
International News
COP29: Climate Summit Faces Deadlock Over Vague Funding Proposals For Vulnerable Nations
As the 29th United Nations Climate Change Summit (COP29) nears its conclusion, tensions are rising over a newly published funding proposal aimed at assisting developing nations in addressing climate-induced crises.
The proposal, released by the United Nations Framework Convention on Climate Change (UNFCCC) on Thursday, has sparked widespread debate among delegations, activists, and observers at the summit.
The document, spanning ten pages, outlines funding options to support developing countries in implementing their Nationally Determined Contributions (NDCs) under the 2015 Paris Agreement.
READ ALSO: Osun Explains N75,000 New Minimum Wage
However, it fails to specify how much wealthier nations are required to contribute annually—a key sticking point that has drawn criticism from the Global South and climate advocates.
Ambiguity in Funding Commitments
Critics argue that the absence of concrete figures undermines the credibility of the proposed framework.
Mohamed Adow, Founder and Director of Power Shift Africa, described the proposal as “a blank piece of paper,” highlighting the lack of clarity on financial commitments.
“This is the ‘finance COP.’ We came here to talk about money. The way you measure money is with numbers. We need a cheque, but all we have right now is a blank piece of paper,” Adow remarked during an interview.
The Global South, led by African delegations, is demanding at least $1.3 trillion annually by the end of the decade to adapt to climate change impacts and transition to sustainable energy systems.
Yet, developed nations have yet to commit to a specific annual figure, raising concerns over the summit’s ability to deliver tangible outcomes.
Key Provisions and Concerns
The new text acknowledges the disproportionate impact of climate change on developing nations and the financial barriers they face, including high costs of capital and limited fiscal space.
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It proposes the establishment of a New Collective Quantified Goal (NCQG) for climate finance, suggesting a framework of “at least USD [X] trillion annually” from 2025 to 2035.
However, the absence of defined numbers has led to frustration among negotiators.
David Tong, Global Industry Campaign Manager at Oil Change International, emphasized the critical role of finance in achieving meaningful progress.
“Without finance, there is no phase-out [of fossil fuels], no energy transition, no adaptation. The ambitious options are simply missing,” Tong stated during a press briefing.
Rising Frustration from the Global South
Delegates from the Global South have expressed dissatisfaction with what they perceive as weak commitments from developed nations.
Many fear that without concrete financial pledges, the summit’s outcomes may fall short of expectations.
“This summit is about delivering justice to those who suffer most from climate impacts. Wealthy nations must step up and provide the necessary funding,” said an African negotiator, speaking on condition of anonymity.
A Critical Juncture
With less than 48 hours remaining in the summit, the stakes are high. The COP29 negotiations in Baku, dubbed the “finance COP,” are expected to set a precedent for addressing the financial needs of vulnerable nations.
Delegates are calling on world leaders to finalize an ambitious NCQG target and bridge the growing divide between developed and developing nations.
JUST IN: Senate Approves Tinubu’s ₦1.77trn Loan Request
Finnish Police Arrest Simon Ekpa Over Terror-Related Allegations
COP29: Climate Summit Faces Deadlock Over Vague Funding Proposals For Vulnerable Nations
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