Connect with us

NEWS

SEC D-G To Speak On Nigeria’s Green Economy, Infrastructure Transformation At Oriental News’ Summit

Published

on

The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, would be x-raying key policies and options available in Nigeria’s drive to strengthen her economy while aligning with global push towards promoting green economy.

This will be the high point at the 3rd National Conference being put together by Oriental News Nigeria, coming up on July 25th 2024, at Radisson Blue GRA Ikeja, Lagos at 9am.

Oriental News Nigeria a leading digital media platform would gather key policy makers, Government and non Governmental Organisations, industry experts in Nigeria’s financial sector to the conference which revolves around Nigeria’s Green Economy Initiative.

The theme of the 2024 Conference: ” Green Economy, Sustainable Growth and Infrastructure Transformation” considers various options available for Nigeria to sustain economic development and growth.

Sub-themes of the conference include, Green Finance, marketing, and supply chain, Strategies and Policies for a green economy, Renewable energy and Ecosystem for a green economy and digital economy entrepreneurship.

Agama, who has confirmed his attendance, expressed the belief that opportunities in terms of green economy are linked to the enormous possibilities for sustainable agriculture, renewable energy, ecotourism, and coastal development.

Also, other stakeholders have highlighted that Nigeria’s commitment to harnessing its natural resource potential could make the country a pioneer in promoting green economy development, hence the choice of the theme of the conference.

The conference is segmented into two main broad areas, with the opening programme to address the key thematic topic through the guest speaker’s intervention and chairman’s remarks with comments from participants which centers around the conference theme.

The second segment is round-table discussion through wider engagement by select professionals to discuss the main theme and sub-themes of the conference.

In recent years, economies all around the world have been experiencing a protracted slowdown driven by structural, global, and cyclical factors. Economic strategies that have been implemented to tackle recession and achieve rapid economic development have endangered sustainable growth by contributing to environmental degradation, global warming, and other negative repercussions.

Changing the paradigm to a green economy will boost natural capital stocks, safeguard the environment, and ensure social justice by providing practical tools and approaches to achieve sustainable growth while reducing environmental risks and ecological scarcities. A transition to a green economy, however, faces challenges such as a lack of an appropriate policy framework, inadequate capital expenditure, varying levels of development, and resource endowments.

Therefore, for green sustainable development, newer business models, strategic changes and innovation in the use of resources, responsible and cleaner business practices, and green technologies are needed.

The conference will draw together and engage researchers, eminent practitioners, and policymakers from across the country who will form part of the plenary (Round-Table) session that will deliberate on the latest findings on practices and policies for a green economy and sustainable growth through strategic change and identify priorities for action by stakeholders to pursue the most promising policies and practices.

The conference will also serve as a venue where academic peers may exchange information, share experiences, collaborate, and develop management answers to pressing business issues.

International News

EU Urges Airlines To Avoid Lebanese, Israeli Airspace Amid Escalating Conflict

Published

on

The European Union (EU) on Saturday advised airlines to avoid the Lebanese and Israeli airspace for the next month due to escalating air strikes and rocket fire between Israel and Hezbollah.

The European Commission, alongside the European Union Aviation Safety Agency (EASA), issued a warning about the “overall intensification of air strikes and degradation in the security situation.”

Read Also: Hezbollah Commanders Killed In Beirut Airstrike – Israeli Military

The advisory recommends airlines “not to operate within the airspaces of Lebanon and Israel at all flight levels” until at least October 31, although this date could change depending on the situation.

The alert, part of a Conflict Zone Information Bulletin (CZIB), may be “reviewed earlier and adapted or withdrawn” if the situation stabilizes.

“EASA will continue to closely monitor the situation,” the agency said, noting that any future updates would depend on how the conflict evolves.

Tensions between Israel and Hezbollah have been rising, with Israeli bombardment of southern Beirut on Friday reaching its highest intensity since the 2006 war between the two sides.

Israel claimed responsibility for an airstrike that allegedly killed Hezbollah leader Hassan Nasrallah, while the Iran-backed group retaliated with rocket fire aimed at a kibbutz and military targets in northern Israel.

With the security situation rapidly deteriorating, European authorities are focusing on ensuring the safety of airline operators and passengers flying in the region.

Continue Reading

NEWS

Tinubu Moves To Establish NWDC, Appoints Board Members

Published

on

In a significant move to advance the establishment of the North West Development Commission (NWDC), President Bola Tinubu has submitted the names of the first Governing Board members to the Senate for confirmation.

This development was disclosed in a statement on Saturday by Bayo Onanuga, the President’s Special Adviser on Information & Strategy.

The move comes after President Tinubu signed the North West Development Commission Bill into law on July 24, solidifying efforts to establish the commission.

Read Also: Skales Claims He Wrote Hit Songs For Wizkid

The NWDC is expected to drive economic growth and social development across the North West region.

According to the statement, Ambassador Haruna Ginsau from Jigawa has been nominated as Chairman, while Professor Abdullahi Shehu Ma’aji from Kano is the pick for Managing Director and Chief Executive Officer (MD/CEO).

The other nominated board members are:
Dr. Yahaya Umar Namahe (Sokoto), Hon. Aminu Suleiman (Kebbi), Senator Tijani Yahaya Kaura (Zamfara), Hon. Abdulkadir S. Usman (Kaduna), Hon. Engr. Muhammad Ali Wudil (Kano), Shamsu Sule (Katsina), Nasidi Ali (Jigawa)

The statement highlighted the expectation that these individuals will bring their extensive experience to support the Commission’s objectives of fostering growth and development in the region.

President Tinubu’s administration further reaffirmed its commitment to supporting the NWDC’s mission to deliver long-term development and economic empowerment for the North West.

Continue Reading

NEWS

Mismanagement: NAHCON Faces N15bn Debt To Hajj Operators

Published

on

The Association for Hajj and Umrah Operators of Nigeria (AHUON) has raised serious concerns regarding a staggering debt of over N15 billion owed to its members by the National Hajj Commission of Nigeria (NAHCON).

This alarming revelation was made by AHUON President Abdullateef Ekundayo in a statement released on Saturday in Abuja.

Ekundayo explained that it is customary for the Saudi government to issue refunds to participating countries after each Hajj season based on three specific criteria: services paid for but not rendered, services that were poorly delivered, and security deposits for tents.

Read More: How I Cope With Pains Of Losing Loved Ones – Davido

He emphasized that NAHCON owes its members refunds related to these categories from the 2022 Hajj operations to the present.

The AHUON President disclosed that NAHCON confirmed receiving 20 million Saudi Riyals in refunds from Saudi authorities as early as December 2023.

However, he criticized the commission for failing to formally notify the operators about this refund or discuss payment modalities.

“If not for the EFCC’s investigation into the commission, we wouldn’t have known about this payment,” he said, expressing frustration at the lack of communication.

Further complicating matters, Ekundayo highlighted that during the recently concluded 2024 Hajj operations, NAHCON received and retained over N2.7 billion in caution deposits from tour operators.

According to their agreement, these funds were to be released two weeks after the Hajj’s conclusion, but NAHCON has not refunded any of the companies that applied for it.

Instead, they have reportedly requested additional payments for the 2023 Hajj deposits.

The AHUON President lamented that many members have passed away while waiting for these refunds and expressed concern over the commission’s failure to publish a list of companies eligible for refunds, as previously agreed upon.

He pointed out that some members have significant balances in their Saudi accounts that remain inaccessible, adding, “Our members receive nothing as income from the amounts we deposit annually.”

In response to these allegations, NAHCON has stated that it is committed to addressing the concerns raised by AHUON.

The commission’s Assistant Director of Public Affairs, Mrs. Fatima Usara, acknowledged the issues regarding accumulated refunds and emphasized that NAHCON has maintained ongoing communication with AHUON.

She attributed the delays in resolving financial matters to the complexities involved in Hajj operations, which require coordination with multiple stakeholders, both domestically and internationally.

“NAHCON wishes to reassure AHUON and the public that it has no intention of downplaying or neglecting the issue of refunds,” Usara added, as both parties seek a resolution to this pressing financial dispute.

Continue Reading

Copyright © 2022. Biztellers, powered by Alphaxristi.