Connect with us

NEWS

UNGA78: Orelope-Adefulire, World Leaders Urge Acceleration Of SDGs Through INFFs

Published

on

Several leaders and experts from around the world, including the Senior Special Assistant to the President on Sustainable Development Goals, SSAP-SDGs Princess Adejoke Orelope-Adefulire, have called for increased investments and alignments of resources from public, private, domestic, and other sources to accelerate progress on the delivery of the 2030 Agenda.

Biztellers reports that Princess Orelope-Adefulire made the call at a high-level event held at the margins of the 78th Session of the United Nations General Assembly (UNGA78) in New York tagged, “Accelerating SDGs Progress Through National Financing Strategies and Integrated National Financing Frameworks (INFFs).”

It was gathered that the event was put together by the governments of Nigeria and Indonesia, in collaboration with key partners including the INFF Facility, UNDP, UNDESA, UNICEF, and the International Budget Partnership (IBP) with the aim of shedding light on the critical role of national financing strategies and INFFs in achieving SDGs.

It also provided a platform for countries to share their experiences, challenges, and solutions related to financing strategies, furthering the global conversation on how INFFs and national financing strategies can drive progress towards the SDGs in the second half of the timeline for achievement of the goals.

In her speech at the event, Princess Orelope-Adefulire acknowledged the transformative potential of the 2030 Agenda for Sustainable Development and the commitment of development partners, particularly the United Nations, in advancing this global agenda.

She noted that Nigeria, in alignment with its national development priorities, has integrated the SDGs into key policy documents, including the Economic Recovery and Growth Plan, the Economic Sustainability Plan, the National Poverty Reduction with Growth Strategy, and the National Development Plan.

On Nigeria’s pioneering role, Princess Orelope-Adefulire noted that the country made history with the launch of her INFF Report at the UNGA last year.

She emphasised that the INFF serves as a vital planning tool to enhance sustainable development financing at the national levels, in line with the Addis Ababa Action Agenda.

The SSA reiterated Nigeria’s commitment to leveraging the INFF framework, especially in light of global fiscal challenges.

According to Princess Orelope-Adefulire Nigeria intends to prioritise investments with multiplier effects on all the SDGs and to strengthen partnerships with the United Nations Development system, the private sector, and non-state actors with the aim of fostering a collaborative “whole of society” approach to implementing the INFF Roadmap in Nigeria.

On her part, Deputy Executive Director of Partnerships, UNICEF, Kitty van der Heijden, noted that the INFF was significant as an instrument for prioritising expenditures in favour of social and environmental sectors in an inclusive way.

She particularly lauded Nigeria’s efforts in exploring the possibility of aligning the national and sub-national budget allocations with the SDGs.

Kitty van der Heijden further stated that to deliver on the SDGs, countries need a strategic mix of public and private capital, in addition to the call by the UN Secretary-General for SDG stimulus, more ODA spending, more development lending, and more contingency finance at the same time.

Her position was re-echoed by Under Secretary-General and Associate Administrator, UNDP, Haoliang Xu, who added that the effort by Nigeria is a worthy example for other UN member-states to adopt.

4 Comments
0 0 votes
Article Rating
Subscribe
Notify of
4 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Aviator game online
8 months ago

652205 923658I truly appreciated this gorgeous blog. Make sure you maintain up the great work. Finest Regards . 633764

Go X transportation
8 months ago

991920 912451Can you give me some suggestions for piece of software writing? 69970

Thai restaurant Diamond Creek

256074 617563I like this blog its a master peace ! Glad I observed this on google . 590250

一次性電子煙
5 months ago

993326 174197Usually I do not read article on blogs, nonetheless I wish to say that this write-up quite forced me to look at and do so! Your writing taste has been amazed me. Thanks, quite fantastic post. 62480

NEWS

Middle East Crisis Forces DPRP to Buy More Crude Locally

Published

on

Dangote Refinery to Open Global Markets for Nigeria’s Downstream, Midstream Sectors

The raging US-Iran war which has continued to put pressure on the global oil markets has compelled refiners and traders to rethink traditional supply routes.

Consequently, the Dangote Petroleum Refinery & Petrochemicals (DPRP), has increased its sourcing of crude oil from Nigeria.

The development is providing support for Nigerian crude grades while reinforcing the country’s push to process more of its oil domestically. It comes amid shipping and cargo delivery records that revealed a total of 1.83 million metric tonnes of crude oil from Nigerian production streams in May 2026.

The deliveries, made through the refinery’s offshore Single Point Mooring terminals, SPM-C1 and SPM-C2, involved 15 crude cargoes sourced from some of Nigeria’s biggest oil-producing assets. The crude grades supplied to the facility included Qua Iboe, Bonny Light, Bonga, Forcados, Utapate, Okwori and Odudu.

The increased reliance on domestic feedstock underscores the growing role Nigerian crude is playing in sustaining operations at Africa’s largest refinery at a time of heightened uncertainty in the international oil market.

According to Bloomberg, the DPRP has stepped up purchases of Nigerian crude as overseas buyers scale back acquisitions of some West African grades amid concerns over Middle East oil supplies.

The shift has reportedly helped strengthen premiums for Nigerian crude relative to Angolan grades, highlighting how geopolitical tensions are beginning to reshape long-established trading patterns.

The report read, “Nigeria’s massive Dangote refinery is boosting purchases of the country’s crude, helping to stem waning demand for grades from West Africa in light of uncertainty over the resumption of oil shipments from the Middle East.

“Dangote’s ramp-up in buying has boosted the price of Nigerian crude grades compared with those from Angola. The two countries make up the backbone of West Africa’s oil market but have seen premiums for their physical crude grades take different directions as the Iran war drags on.”

Beyond the immediate effect on crude pricing, the trend reflects a deeper transformation within Nigeria’s oil industry.
For decades, Nigeria exported most of its crude oil while depending heavily on imported refined petroleum products to meet domestic demand. The establishment of the $20bn DPRP was intended to reverse that trend by creating sufficient local refining capacity to process a significant share of the country’s crude output.

Now, with global energy supply chains under pressure from the Iran conflict and concerns over the security of key shipping routes, the refinery is emerging as one of the largest domestic buyers of Nigerian crude.

The development could help retain more value within the Nigerian economy through increased local processing while reducing the country’s exposure to volatile international fuel markets.

The refinery’s growing appetite for Nigerian crude comes at a time when it is expanding its operational capacity. Earlier this month, the company announced that it had processed 700,000 barrels of crude oil per day during a performance test, surpassing its official nameplate capacity of 650,000 barrels per day.

The feat marked the first time the facility had exceeded its installed capacity and further cemented its status as the largest refinery on the African continent. The company is also seeking to raise approximately $1bn through a private placement ahead of a planned public listing, in a move expected to value the business at about $39.1bn.

ALSO READ: SERAP Sues NNPC Ltd over ₦5.9bn Incorporation, Rebranding Expense

In addition, the refinery’s influence is increasingly extending beyond Nigeria’s borders. Exports of petrol, diesel and aviation fuel from the facility have expanded across African markets and into other international destinations, helping to reduce the continent’s dependence on fuel imports from Europe and the Middle East.

Continue Reading

NEWS

SERAP Sues NNPC Ltd over ₦5.9bn Incorporation, Rebranding Expense

Published

on

The Socio-Economic Rights and Accountability Project (SERAP) has dragged the Nigerian National Petroleum Company Limited (NNPC Ltd) to court over the oil major’s failure to account for approximately ₦5.9 billion expended its incorporation, transition and rebranding from the NNPC into NNPC Ltd.

According to the SERAP, the NNPC Ltd paid over ₦2.9 billion for incorporation expenses from petroleum product proceeds, while the National Petroleum Investment Management Services also charged a similar amount against the crude oil revenue for the same purpose, bringing the total to ₦5.9 billion.

Consequently, the organisation is seeking “an order of mandamus to direct and compel the NNPCL to account for about ₦5.9 billion allegedly spent on the rebranding of the NNPC to the NNPCL.”

It is also asking the court to “direct and compel the NNPCL to provide a comprehensive reconciliation statement detailing the specific financial transactions relating to the ₦5.9 billion expenditure, including the identities of the contractors involved, and how the funds were utilised for the rebranding of NNPC to NNPCL.”

ALSO READ: Osun Accuses MURIC of Misinformation Campaign

The SERAP further asked the court to “direct and compel the NNPCL to disclose the names and official positions of the government officials who authorized and approved the release and expenditure of the ₦5.9 billion reportedly spent on the rebranding of NNPC to NNPCL, and to clarify whether the expenditure complied with applicable procurement laws and due-process requirements.”

The order of mandamus is contained in suit number FHC/ABJ/CS/1248/2026 filed at the Federal High Court in Abuja, according to a statement issued on Sunday by the NGO’s Deputy Director, Kolawole Oluwadare.

Filed on behalf of the SERAP by its lawyers, Oluwakemi Agunbiade, Kehinde Oyewumi and Andrew Nwankwo, the suit also noted that the Senate Committee on Public Accounts reportedly raised concerns over the expenditure described as incorporation and transition costs during the transformation process.
“The Committee described the spending of the ₦5.9 billion as excessive, unjustifiable, and deserving of further explanation, investigation, and legislative scrutiny in the public interest,” the SERAP noted.

The SERAP argued that there is a legitimate public interest in the disclosure of the details sought.
“The NNPCL has a legal responsibility to explain whether the ₦5.9 billion expenditure represents value for money, constitutes lawful spending of public funds, and complies with applicable due process requirements.

“There ought to be full transparency and accountability regarding the reported ₦5.9 billion spent on rebranding NNPC to NNPCL. Nigerians have the right to know who approved the expenditure, who received the funds, the nature of the services rendered, and whether due process and procurement requirements were strictly followed,

“The disclosure of the identities of the officials involved and the processes followed in approving the expenditure would enable the public to assess whether the expenditure was properly authorized, represented value for money, and was undertaken in accordance with due process and procurement requirements,” it said.

It added that, given the size of the expenditure, there is “an urgent need for a prompt, thorough, and transparent disclosure of the details surrounding the spending of the funds.”

It further stated that “the failure to account for the spending of the ₦5.9 billion on rebranding from NNPC to NNPCL reflects a failure of NNPCL accountability more generally and is directly linked to the institution’s continuing failure to uphold transparency and accountability principles.”
The SERAP added that the transformation of the national oil company from the NNPC to the NNPC Ltd followed the Petroleum Industry Act (PIA) 2021, which required it to become a commercially oriented limited liability company fully owned by the federal government.

It also cited constitutional and international provisions, including Section 13 and Section 15(5) of the Constitution, as well as Articles 5 and 9 of the UN Convention against Corruption and Article 21 of the African Charter on Human and Peoples’ Rights, to support its arguments.

No date has been fixed for the hearing of the suit.

Continue Reading

NEWS

Osun Accuses MURIC of Misinformation Campaign

Published

on

Four gang-killed two in Osun, destroy N8M properties

The attention of the Osun State Government has been drawn to a statement by the Executive Director of the Muslim Rights Concern (MURIC), Professor Ishaq Akintola, accusing Governor Ademola Adeleke of marginalising Muslims in his administration.

The State Government in a statement issued by the Commissioner for Information and Public Enlightenment, Oluomo Kolapo Alimi charged Professor Akintola to be guided by the Quran and Hadith of Prophet Muhammad in his engagement with the Osun State Government.

“We believe Professor Akintola acted on misinformation or he is actively an agent of misinformation. Governor Adeleke is a strong believer who relates well with people of all faiths, in line with the inclusive leadership example of Prophet Muhammad (SAW). His administration has appointed qualified Muslims to key positions.

For the record, Governor Adeleke appointed Alhaji Teslim Igbalaye as Secretary to the State Government and Alhaji Kazeem Akinleye, a student of Sheikh Kamaludeen Al-Adabiyy in Ilorin, as Chief of Staff. His Spokesperson is a known Mallam of Tijaniya extraction. The Commissioner for Information is alone a deep muslim of Al-Adabiyy extraction. Several other Muslims are also serving as commissioners and heads of agencies, alongside qualified appointees of other faiths.

This administration commenced construction of the Osun Hajj Camp, ending Osun’s status as the only Southwest state without one. The governor also approved a mosque in the Government House for Muslim staff.

We urge Professor Akintola to verify facts before going public, as admonished in Qur’an 49:6.

ALSO READ: Nigeria’s Crude Output Grows to 12m Barrels on Utapate, Cawthorne

He should also assess government performance using verifiable data on budget execution, debt management by the DMO, and healthcare, where Osun was rated best in the Southwest for primary healthcare in 2024 and 2025.

Elections should be about jobs, security, infrastructure, healthcare, and education, not identity politics.

“We expect MURIC to judge this administration by its record of service to all citizens, Muslim and non-Muslim alike”.

Rather than feign his political attack with religious coloration, Professor Akintola should be courageous to declare his partisan interest in the opposition APC and stop using religion to do hatchet job politics.

We challenge MURIC to openly condemn the shooting of law-abiding residents (Muslims and non Muslims) of the state by APC thugs in branded APC campaign vehicles in Ile-Ife, Akoda, Owode-Ede and Osogbo, to disprove the allegation that he’s been paid by the opposition to attack Governor Ademola Adeleke.

Rather than spreading baseless misinformation, we are also of the opinion that MURIC should be more interested in cases like the sudden addition of ‘Munirudeen’ to the names of the Osun APC Governorship candidate, a name which was missing from his primary, secondary and university certificates.

Continue Reading

Copyright © 2022. Biztellers, powered by Alphaxristi.

4
0
Would love your thoughts, please comment.x
()
x