Foreign

Angola to join G20 initiative to suspend debt payments

Published

on



Following consultations with the International Monetary Fund (IMF), the ministry said in a statement that it has decided to use the G20’s DSSI to negotiate with its sovereign peers the suspension of the debt in bilateral loans.

The DSSI will be able to ease financial pressure and allow the liberalization of funds to combat the impact of COVID-19 in Angola in the coming months, according to the statement.

Without disclosing any figures, the ministry said the renegotiation of the debt focuses on the amounts owed to bilateral creditors included in the agreement proposed by the G20, which excludes private creditors.

“Following the already announced public administration reforms and budgetary adjustments, the ministry of finance is currently at an advanced stage of negotiations with some of its oil importing partners to reprogram the financing facilities to better reflect the current market environment and the production quotas of the Organization of Petroleum Exporting Countries,” the ministry said.

Thanks to the above measures, and in cooperation with the IMF as well as its multilateral partners, the ministry believes that it is on the right track to guaranteeing the emergency aid needed for the country in 2020 and Angola’s long-term macro-financial stability.

(XINHUA)

https://nnn.ng/angola-to-join-g20-initiative-to-suspend-debt-payments/

Economy

Survival Fund: FG releases registration schedule as portal opens Monday

Published

on


As the portal for the registration of prospective beneficiaries for the Survival Fund opens on Monday, the Federal Government has released the timetable  for categories of businesses to register.


A statement issued in Abuja on Sunday by the Project Delivery Office stated that the portal which opens at 10 PM, will have educational institutions as the first category of beneficiaries to register.

“Nigerians interested in the Payroll Support scheme are to note that the site for registration will be open from 10 pm Monday September 21, 2020.

“In order to ensure seamless registration process, the Project Delivery Office (PDO) has designed a registration schedule.

“Registration for Payroll Support will start with educational institutions on Monday and will be followed with businesses in the hospitality industry on Friday September 25 beginning from 12 A.M.

“The portal will also be open to other category of small businesses from 12 A.M., on Monday September 28, 2020,” the statement said.

The office therefore advised those interested in benefiting from the fund to take note of the schedule and also log on to http://www.survivalfund.ng to register for the payroll support initiative.

The News Agency of Nigeria reports that the survival fund is a conditional grant to support vulnerable Micro and Small enterprises in meeting their payroll obligations and safeguard jobs in MSMEs from the shock of the COVID– 19 pandemic.

The scheme is estimated to save at least 1.3 million jobs across the country, while targeting an average of 35,000 individuals per state.

Edited By: Ismail Abdulaziz
Source: NAN

https://nnn.ng/survival-fund-fg-releases-registration-schedule-as-portal-opens-monday/
Continue Reading

Science & Technology

Facebook announces opening of new office in Lagos

Published

on


Facebook on Friday  said it would be opening an office in Lagos, Nigeria, as part of its continued commitment and ongoing investment in Africa.


Facebook, in a statement made available to newsmen in Lagos, said this would be its second office on the African continent.

It said the opening of the new office was aimed at supporting the entire Sub-Saharan Africa region.

The office, it said, was expected to become operational in 2021.

According  to Facebook, it will be the first on the continent to house a team of expert engineers building for the future of Africa and beyond.

It said the office would be home to various teams servicing the continent from across the business, including Sales, Partnerships, Policy, Communications as well as Engineers.

Commenting, Ime Archibong, Facebook’s Head of New Product Experimentation, said: “The opening of our new office in Lagos, Nigeria presents new and exciting opportunities in digital innovations to be developed from the continent and taken to the rest of the world.

“All across Africa, we are seeing immense talent in the tech ecosystem and I am proud that with the upcoming opening of our new office, we will build  products for the future of Africa, and the rest of the world, with Africans at the helm.

“We look forward to contributing further to the African tech ecosystem.

“The investment of the new Facebook office follows the 2018 opening of NG_Hub, its first flagship community hub space in Africa.

“The hub was opened  in partnership with CcHub, and the 2019 opening of a Small Business Group (SBG) Operations Centre in Lagos, in partnership with Teleperformance, “Archibong said.

Kojo Boakye, Facebook’s Director of Public Policy, Africa said that the new office in Nigeria presents an important milestone which further reinforces the company’s ongoing commitment to the region.

“Our mission in Africa is no different  from other parts of the world, which is to build community and bring the world closer together.

“I am excited about the possibilities that this will create, not just in Nigeria, but across Africa,” Boakye said.

The policy director said since the opening of its first office in 2015, Facebook had made a number of investments across the continent, aimed at supporting and growing the tech ecosystem.

Boakye noted that the support  includes the recent rollout of its SMB Grants programme in Nigeria and South Africa.

He said thia was aimed at supporting over 900 businesses by providing a combination of cash and ad credits to help small businesses as they rebuild from COVID.

Nunu Ntshingila, Regional Director, Facebook Africa, said:  “We are  delighted to be announcing our new office in Nigeria.

” Five years on from opening our first office on the continent in Johannesburg, South Africa, we will continue to invest in and support local talent, as well as the various communities that use our platforms.

“The office in Lagos will also be key in helping to expand how we service our clients across the continent,” Ntshingila said.

Edited By: Oluwole Sogunle
Source: NAN

 

https://nnn.ng/facebook-announces-opening-of-new-office-in-lagos/
Continue Reading

Environment

Ministry to intensify awareness on importance of ozone layer protection

Published

on


The Minister of the Environment, Dr Mohammad Abubakar, on Friday said the ministry would intensify its awareness on the importance of the protection of the ozone layer through the effective collaboration of relevant stakeholders.


Abubakar made this known at a ministerial briefing on the commemoration of 2020 International Day for Preservation of Ozone Layer with the theme, “Ozone for Life,’’ in Abuja.

He said that the ministry was also committed to the training and monitoring of technicians in the affected sectors on ozone-friendly technologies.

The Minister said the theme has two connotations that needed a healthy ozone layer to protect lives and the environment, as well as safeguarding future generations to come.

Abubakar said that the ministry, in collaboration with the United Nation Development Programme, (UNDP), the United Nation Industrial Development Organisation, (UNIDO), the World Bank and the UN Environment Programme, were the agencies implementing Ozone Depleting Substances (ODS).

“In line with the protocol`s ODS phase out schedule, we have assisted over 600 large, Small and Medium-Scale Enterprises in the foam, refrigeration and air conditioning, aerosols, fire protection and solvent sectors.

“The assistance is to convert to ozone-friendly substances and technologies.

“This resulted in 100 per cent phase out of over 4,000 metric tonnes of ODS, with high ozone depletion potentials.

“About 26 institutions, (polytechnics and government technical colleges) were identified and equipped to serve as training centres on good refrigeration practices.

“We have also trained the trainers from the identified centres and developed training manuals on good refrigeration practices.

“These have led to the training of more than 10,000 refrigeration technicians in the refrigeration servicing sector.

He said that the ODS phase out activities were achieved with support from the multilateral fund for the implementation of the Montreal protocol.

Abubakar noted that the ministry was implementing the protocol`s Hydrochlorofluorocarbon (HCFCs) project.

He said that the project was targeted at phasing out HCFCs gases R-22 and 141b, mainly used in Nigeria as refrigerants and blowing agents in the refrigeration, air conditioning and foam sectors respectively.

The minister said that the ministry was committed in the implementation of multilateral environmental agreements that the country was a party to.

According to him, the upgrade of a system house at Vitapur Nigeria Ltd (a subsidiary of vitafoam Nig. Ltd), for the formulation of ozone friendly systems in the manufacture of rigid polyurethane foam was completed in 2019.

“I am glad to inform Nigerians that I will be commissioning this particular project on Sept. 22.

“The plant which is one of the two such in Africa, the other being in South Africa, will supply ozone friendly substances to downstream end-users in the rigid polyurethane foam sector.

He said that the benefit of the project was to provide ozone friendly and low global warning potential blowing agent in the production of rigid foam.

The Minister said the ministry would be engaging in capacity building activities on maintenance and servicing of space cooling to avoid spread of COVID 19 while minimising impacts of energy efficiency and climate.

He said the ministry was currently preparing to commence the implementation of stage 2 of the Hydrochlorofurocarbons Phase Management Plan (HPMP).

The Minister added that the government of Italy has offered support as a bilateral partner.

Abubakar said that the stage 2 was built upon the achievement of the previous stage, aimed at achieving the complete phase out of HCFC-141b in foam related applications.

He explained that Vienna Convention for the Protection of the Ozone Layer was adopted in 1985 and entered into force in 1988.

The Minister added that the binding instrument to ensure compliance with the provisions of the convention was also adopted on Sept. 16, 1987, which became the Montreal Protocol on substances that deplete the ozone layer.

“Since then, Sept. 16 has been set aside to commemorate the international day for the preservation of the ozone layer by the global community, in line with the UN General Assembly Resolution,’’.

The minister, however, appreciated the efforts of UNDP, UNIDO, World Bank, UN Environment, the government of Italy and other relevant agencies for their support and cooperation in the implementation of projects.

Earlier, Mr Jean Bakole, Country Representative and Regional Director of UNIDO, said that the office would continue to support the government in promoting inclusive and sustainable industrialisation development.

Bakole, who was represented by Mr Oluyomi Banjo, an environment expert in the UNIDO, thanked the minister on the achievement of all the projects across the country.

Edited By: Idonije Obakhedo
Source: NAN

 

 

 

 

 

https://nnn.ng/ministry-to-intensify-awareness-on-importance-of-ozone-layer-protection/
Continue Reading

COVID-19

CSOs canvass better deal for African wildlife in COVID-19 policies

Published

on


The African Wildlife Foundation (AWF) says it is intensifying campaigns that will positively influence how COVID– 19 policies affect wildlife trade, consumption and deforestation  in Africa.


The News Agency of Nigeria reports that the AWF is an umbrella body for alliance of over 80 African Civil Society Organisations (CSOs) working in conservation as the African CSOs Biodiversity Alliance (ACBA).

Chief Executive Officer of Obudu Conservation Centre (OCC) Nela Duke-Ekpenyong, member, policy working group  of the coalition made this known   in a statement  on Thursday in Lagos.

She said that the group would continue to ensure better life   for wildlife even as the world grappled with effects of the COVID-19 pandemic.

She said an  online meeting of the group on   ‘How COVID-19 Affected Policies on Wildlife”, was  part of the group’s strategy as an alliance,  aimed at engaging with the development of  post-2020 Global Biodiversity Framework in a manner that reflected  the values, rights, priorities and needs of the African people.

She said that  in April 2020, her wildlife NGO dedicated to protecting, restoring and increasing awareness of the wild lands and wildlife on the Obudu Plateau and surroundings in Cross River National Park,  also joined the communications and policy working group of ACBA.

Duke-Ekpenyong, who supported  the coalition by managing the external communications of the alliance and assisting with the country-level engagement in Nigeria, said OCC also liaised  with media platforms to promote ACBA’s campaign.

She disclosed that she  produced a case study on ‘Wildlife Community Forest Reserves, Pastoralism, and Water Rehabilitation’ to influence the Convention on Biodiversity’s Framework on Sustainable Use.

According to her, we are currently running an African- wide campaign to draw attention to zoonotic diseases,  tourism and conservation.

“We are presently out to increase awareness and my involvement is for the Obudu conservation centre, which is part of the ACBA.

“As the group continues with its six-week campaign, the organisation acknowledges that engaging the public on the linkage between nature and health systems is vital now more than ever.

“To effectively communicate this scientific phenomenon, multi-lingual info-graphics are complementing efforts to ensure a better grasp of how zoonotic diseases are transmitted and how everyone can play a role to ensure that we avert another pandemic.

“In a bid to raise awareness on zoonosis, ACBA has organised a campaign comprising of webinar series and info-graphics. The final webinar for the #OurNatureOurHealth campaign is almost here,” she said.

She said the group  also worked  alongside a team of leading conservationists and organisations in discussions with the China CSOs and Latin American COICA group to bring together,  the voice of the global south to influence the post-2020 CBD Framework.

“It includes how Africa’s biodiversity thrives and underpins equitable, socially economically resilient livelihoods based on the rights of people to sustainably use their natural resources,” she said.

She, however said that  ACBA had engaged the African Union Commission and United Nation’s General Assembly’s Biodiversity Summit.

“Over the past five weeks, we have been running the zoonosis campaign that ends in two weeks, educating Africans about zoonosis, their effects on the economy, human health and animal health.

“While on social media we have focused on the zoonosis campaign, behind the scenes, we are crafting policy submissions to the convention on Biological Diversity, in order to influence the post-2020 global biodiversity framework as our main goal is to strengthen the African civil society voice in the CBD,” she added.

Edited By: Chioma Ugboma/Ismail Abdulaziz
Source: NAN

https://nnn.ng/csos-canvass-better-deal-for-african-wildlife-in-covid-19-policies/
Continue Reading

Ife begins Olojo festival as Ooni enters 7-day seclusion Aston Villa sign forward Traore from Lyon for 18 million euros Re-election: PDP South Africa chapter congratulates Obaseki Russia conducts its largest 2020 military exercise in Caucasus Pakistan resumes polio vaccination drive after hiatus due to pandemic Court remands man over alleged defilement of his 9-year-old sister-in-law EU Diplomats to discuss ways to support Libyan ceasefire on Monday – Borrell UN to mark 75th anniversary with largely online event Oil prices slip on potential return of Libyan output; Gulf storm supports Emir of Zazzau, a man of intelligence, astuteness-Minister WASSCE: Delta Govt sanctions 41 teachers over alleged exam malpractice BHP in talks with three firms for LNG bunker supply contract – Executive Kaduna Govt declares 3 days mourning for late Emir of Zazzau Former BBNaija housemate Ozo appreciate fans for love, support Group lauds Buhari on Edo Governorship poll MURIC mourns Emir of Zazzau Kwara records 12 new cases of COVID-19, discharges 23 patients Ganduje mourns Emir of Zazzau 7 killed, 4 injured iñ ‘massacre’ in south-western Colombia E! hosts skip Emmys red carpet after testing positive for COVID-19 Vidal lands in Milan to complete move from Barca to Inter Pirlo not out to copy anyone after Juventus’ comfortable opening win Italy votes in referendum on downsizing parliament NCDC records 97 new COVID-19 infections, total cases now 57, 242 Golf: DeChambeau muscles his way to United States Open victory Australian, British citizen killed in Solomon Islands bomb blast Buhari holds closed-door meeting with Ghanaian president at Aso Villa Spanish triathlete grateful for praise after incredible act of selflessness Nasarawa state to host teqball championship in November, official says Djokovic battles past Ruud to reach Italian Open final Rainstorm: Kwara Deputy Governor commiserates with victims BB Naija Evicts Tricky Tee, Ozo Ebonyi bus accident: FRSC, Police confirm 3 more bodies retrieved from river Gov. Matawalle eulogises late Emirs of Biu, Zazzau Atiku Support Groups congratulate Obaseki Edo 2020: Gov. Wike lauds INEC, Police Gov. Bello mourns Emir of Zazzau Health workers suspend 7-day nationwide warning strike Uni-Abuja mourns its chancellor, Emir of Zazzau Edo election: INEC’s result consistent with our PVT outcome, says Yiaga Africa Oghiadomhe describes Edo governorship poll as most credible Kiriji War: Leaders to celebrate 134 years of Yoruba unity INEC commends stakeholders on successful Edo election, focuses on Ondo Survival Fund: FG releases registration schedule as portal opens Monday Osimhen, young lad with head of 40-year-old — Gattuso Edo 2020: NCFront commends security on neutrality, wants more from INEC on logistics Sexual Abuse: Cleric advises parents to pay attention to male children Baby survives, mother dies in Anambra building collapse — Police Edo Poll: APC supporters commend Buhari for providing level playing field 22 parties allege exclusion in Bauchi polls, commission denies