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Sound water management is key to building resilience in Africa’s Sahel – Jose Graziano

ROME, Italy, November 1, 2013/African Press Organization (APO)/ — Sound water management holds the key to building resilience in Africa’s Sahel and can free rural communities from the vicious cycle of weather-related food security crises that have plagued the region over recent years, FAO Director-General José Graziano da Silva said today at a high level meeting on resilience in the Sahel, focusing on irrigation and water management, with participants from Burkina Faso, Chad, Mali, Mauritania, Niger, and Senegal.

With both drought and flooding posing recurring challenges to the livelihoods of farmers and pastoralists, “water is often a problem in the Sahel, whether too much or too little. And the poorest and most vulnerable are the most affected,” he noted.

A demanding region, with potential

Owing to its often harsh agro-climatic and environmental conditions, the Sahel is one of the most vulnerable regions of the world.

Still, agriculture is the most important economic activity in the Sahel. Local economies and livelihoods in the Sahelian countries depend heavily on soil, water and vegetation, but the state of these resources has been steadily deteriorating as a result of expanding human settlement, erosion and demand for food, fodder, fuelwood and water.

Yet agriculture in the region – put on a path to resilience – holds great potential, Graziano da Silva argued.

While the Sahel is characterized by low and erratic annual precipitation, with irregular short rainy seasons, its renewable water resources put regional supplies above the standard water scarcity limit of 1,000 m3/yr per capita. Indeed, with the notable exception of Burkina Faso, there is no aggregate physical water scarcity in the Sahel.

“The region’s agriculture potential, when properly mobilized, could easily go beyond local sales and serve regional and even international markets,” said Graziano da Silva.

But to unlock this potential, more effective, sustainable and integrated management of water resources for agricultural productivity and rural development is necessary.

Getting there

The FAO chief urged governments, development partners, academia, civil society and private sector participants at the Dakar meeting to be creative and uncompromising in their search for solutions.

“We have the tools to transform the vulnerable communities of the Sahel into much stronger and more resilient communities, and we cannot wait anymore for the next drought or the next flood,” he said.

Investments in small-scale water harvesting and water storage have a tremendous impact on rural families, he said.

Flexible irrigation systems giving farmers better control over water can significantly enhance their incomes.

At the same time, more investment in medium to large-scale irrigation systems through effective partnerships between public and private sectors is needed, according to Graziano da Silva.

The event in Dakar was second of two back-to-back high-level meetings on boosting rural resilience in the Sahel organized by the World Bank, the Comité permanent Inter-Etats de Lutte contre la Sécheresse dans le Sahel (CILSS) and the governments of Mauritania and Senegal, with the participation also of the West African Economic and Monetary Union (UEMOA) and the Economic Community Of West African States (ECOWAS).

The first meeting, focused on the needs of Sahelian pastoral communities, took place in Nouakchott, Mauritania, on 29 October.

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ROME – The Director – General of the Food and Agriculture Organization (FAO), José Graziano da Silva  has said that Sound water management holds the key to building resilience in Africa’s Sahel and can free rural communities from the vicious cycle of weather-related food security crises that have plagued the region over recent years.

Graziano made this known today at a high level meeting on resilience in the Sahel focusing on irrigation and water management, with participants from Burkina Faso, Chad, Mali, Mauritania, Niger, and Senegal.

According to him, “water is often a problem in the Sahel, whether too much or too little. And the poorest and most vulnerable are the most affected.”

Jose GrazianoA demanding region, with potential Owing to its often harsh agro-climatic and environmental conditions, the Sahel is one of the most vulnerable regions of the world. With both drought and flooding posing recurring challenges to the livelihoods of farmers and pastoralists.

Still, agriculture is the most important economic activity in the Sahel. Local economies and livelihoods in the Sahelian countries depend heavily on soil, water and vegetation, but the state of these resources has been steadily deteriorating as a result of expanding human settlement, erosion and demand for food, fodder, fuel wood and water.

“Yet agriculture in the region – put on a path to resilience – holds great potential, the region’s agriculture potential, when properly mobilized, could easily go beyond local sales and serve regional and even international markets,” said Graziano.

While the Sahel is characterized by low and erratic annual precipitation, with irregular short rainy seasons, its renewable water resources put regional supplies above the standard water scarcity limit of 1,000 m3/yr per capital. Indeed, with the notable exception of Burkina Faso, there is no aggregate physical water scarcity in the Sahel.

But to unlock this potential, more effective, sustainable and integrated management of water resources for agricultural productivity and rural development is necessary.

Speaking further Graziano stressed the need for an effective partnership between the public and private sector and urged governments, development partners, academia, civil society and private sector participants at the Dakar meeting to be creative and uncompromising in their search for long lasting solutions.

“We have the tools to transform the vulnerable communities of the Sahel into much stronger and more resilient communities, and we cannot wait anymore for the next drought or the next flood.

“Investments in small-scale water harvesting and water storage have a tremendous impact on rural families. At the same time, more investment in medium to large-scale irrigation systems through effective partnerships between public and private sectors is needed.” Graziano noted.

 

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Audit Report Exposes ₦514bn Financial Infractions In NNPCL

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Nigerian National Petroleum Corporation Limited, NNPCL,

The Office of the Auditor-General of the Federation has uncovered financial irregularities amounting to ₦514 billion in the 2021 operations of the Nigerian National Petroleum Company Limited (NNPC Ltd).

The revelations were contained in a comprehensive audit report highlighting non-compliance and internal control weaknesses within Ministries, Departments, and Agencies (MDAs) during the 2021 financial year.

READ MORE: Powerful 6.8-Magnitude Earthquake Hits China, Dozens Killed

Breakdown of Infractions

The audit detailed four major financial discrepancies within NNPCL:

“Irregular Deductions: A total of ₦343.64 billion was deducted from domestic crude oil sales at source without proper documentation.

“Sinking Fund Deposits: ₦83.66 billion, categorized as miscellaneous income, was retained in a sinking fund account.

“Unauthorised Refinery Deductions: ₦82.95 billion was deducted from federation revenue purportedly for refinery rehabilitation.

“Unsubstantiated Payments: ₦3.75 billion was flagged for transactions related to petrol sales that lacked proper verification.

The Auditor-General’s report stated that these financial activities violated the 1999 Constitution and the Financial Regulations Act of 2009, underscoring significant lapses in compliance with statutory guidelines.

According to the report, NNPCL generated ₦484.73 billion from domestic crude oil sales in March and May 2021.

However, ₦343.64 billion was deducted for various purposes, including “Value Shortfall,” “Strategic Stock Holding Cost,” and “Pipeline Maintenance.”

The deductions were made unilaterally by NNPCL without adequate documentation or justification.

Additionally, the report flagged ₦50 billion of the net payable amount for May 2021 as unaccounted for, creating a significant gap in the federation’s revenue.

“Audit observed from the review of NNPC SAP payment record for March and May 2021 payments that the sum of ₦484.73bn was the gross amount generated for the sale of domestic crude for the months of March and May 2021.

“The sum of ₦343.64bn from the gross amount was unilaterally deducted from the gross domestic crude sales as NNPC Value shortfall, Strategic Stock Holding Cost, Crude Oil and Products Pipeline Losses, as well as the pipelines maintenance and management costs.

“The details of each of the cost components deducted were not provided for audit review. Hence, the reasons for the deductions could not be justified by the management.”

On the unremitted ₦50 billion from May 2021, the report noted: “In the month of May, the net payable that could have been remitted ought to have been ₦127.075bn, but only the sum of ₦77.075bn was remitted, leaving an unremitted balance of N50bn to the Federation Account, which has remained unaccounted for.”

The report attributed these anomalies to weaknesses in NNPCL’s internal control systems, warning of the risks they pose to public funds.

It read, “The above anomalies could be attributed to weaknesses in the internal control system at NNPC, now NNPC Ltd. This is a potential loss of Federation revenue, diversion of public funds, or misapplication or misappropriation of funds.”

 

 

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Opayemi Salutes Sanwo-Olu Over Successful Lagos Shopping Festival

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The success of the maiden edition of the Lagos Shopping Festival (LSF), Africa’s first 72-hour non-stop commerce and entertainment event has been credited to the Governor of Lagos State, Babajide Sanwo-Olu.

This is the view of Managing Director/Chief Strategist of Chain Reactions Africa Ltd, Israel Jaiye Opayemi, one of the main organisers of the event.

According to Opayemi, though Chain Reactions Africa conceptualised the event, the festival could be rightly described as the Governor’s baby and owes its success to his leadership. “Firstly, the Lagos Shopping Festival could not have come to fruition if the Governor did not buy into our audacious plan when we first presented the idea to him during the Covid-19 pandemic in 2020. Secondly, it was the Governor’s exemplary leadership of the project as its Chief Marketing Officer which attracted the buy-in of key sponsors like Zenith Bank, Tolaram Group, First Bank Plc, and Guinness Nigeria Plc,” Opayemi revealed.

ALSO READ: Tinubu Okays Bulletproof SUVs, Medical Benefits, Others For Retired Army Generals

While the duo of Zenith Bank and First Bank provided their bank on wheel platforms for buyers at the Lagos Shopping Festival, they also supported the Vendors with special Point of Sale Machines with which to process payments from buyers. The banks were also seen marketing their diverse banking products to guests within the shopping arena.

For Tolaram, it was a time to support the citizens and give back to society. Guests at the Lagos Shopping Festival were freely given some of the products of the group such as PowerOil, Indomie and Kellogg’s packaged into goodie bags and given out to prospective buyers at the shopping arena. The Children’s Arena was however activated by Indomie with the children entertained by Santa Claus within a well-equipped arena manned by the Indomie Brands team and the Lagos State Safety Marshalls. The children were daily treated to free Indomie meals daily and given various gifts to go home with.

On its part, Guinness Nigeria came through as the real life of the Nigerian party by organizing product sampling activation for the teeming guests at the festival using brands such as Singleton, Johnnie Walker, Ciroc, Don Royale and Captain Morgan to deliver pleasant experiences to guests aside from Guinness and Malta Guinness.

While unveiling the identity of the festival last month, Governor Babajide Sanwo-Olu had thanked the management of Zenith Bank Plc, Tolaram Africa Group, Guinness Nigeria Plc and First Bank of Nigeria for supporting the idea of a Lagos Shopping Festival, describing it as a value addition on the state’s tourism calendar and the overall efforts to grow the State’s GDP. The Governor further said, “I must specially acknowledge your pioneering sponsorship role. It is easy for a corporate sponsor to jump on the sponsorship band wagon of an already established festival and fund it. But you are supporting the maiden edition of this Lagos Shopping Festival with us. The competition is watching you now. Do not build this brand with us and yield the space for the competition to take over. I do hope you would all commit long term to this brilliant initiative.”

On his part, Girish Sharma, CEO Guinness Nigeria Plc, expressed enthusiasm for the initiative. “Lagos is the commercial heartbeat of Nigeria and Africa’s entertainment capital, and the Lagos Shopping Festival captures its essence. We see opportunities in this initiative because it is a creative fusion of commerce and entertainment. This partnership reflects our dedication to fostering economic opportunities and support the nation’s vibrant entertainment industry.”

A first-of-its-kind, the festival was a convergence of commerce and entertainment, bringing together buyers and sellers in the MSME ecosystem, and hordes of fun-seekers who were entertained with thrilling performances by A-list entertainers, including Adekunle Gold, Wande Coal, Teni, Young Jonn, BNXN, Ayo Maff, SB Live and EmmaOMG. The list also included some of Nigeria’s most sought after DJs such as DJ Neptune, DJ YK Mule, DJ Baddo while Gbenga Adeyinka the 1st and Larry J dished out rib-cracking comedy performances.

Held from 23rd to 25th Day of December 2024, at the iconic Mobolaji Johnson Arena, Onikan Stadium, Lagos, the Lagos Shopping Festival saw thousands of fans throng the main venue and select Lagos malls during the three-day period to bag the latest bargains from local and top global brands.

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Naira Depreciates In Parallel Market, Gains In Official FX Market

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Naira To Dollar Exchanges At N464.67

The Nigerian Naira experienced mixed movements in the foreign exchange markets on Monday, as it depreciated to N1,665 per dollar in the parallel market, down from N1,660 per dollar recorded over the weekend.

In contrast, the official exchange rate saw the Naira appreciate to N1,534.56 per dollar, improving slightly from N1,535 per dollar last Friday, according to data released by the Central Bank of Nigeria (CBN).

RELATED NEWS: Naira Weakens Against Dollar Amid FX Shortages

This reflects a marginal gain of 44 kobo in the official Nigerian Foreign Exchange Market (NFEM).

As a result, the gap between the parallel market rate and the NFEM rate widened to N130.44 per dollar, compared to the N125 per dollar margin recorded over the weekend.

 

 

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