Harvest from Nigeria’s global economic summit in New York, by Garba Shehu Harvest from Nigeria’s global economic summit in New York, by Garba Shehu On Thursday last week, the Nigeria International Economic Partnership Forum was held in Manhattan, New York in the middle of the most important international event of the year: the United Nations General Assembly (UNGA).
The Forum was enormously popular, attracting some 500 guests and delegates – almost double the expected number.
While this resulted in a somewhat chaotic atmosphere at times, the Forum was a resounding success: a clear indication of investor confidence in Nigeria.
Nigeria is the biggest economy in Africa and seeks to raise GDP to USD 965 billion-almost a trillion Dollars by 2027.Under President Muhammadu Buhari, the nation has recorded marked progress in highways construction, bridges, railway, power, electrification and capacity addition in airports and their modernization.
As the President spoke, making the determination of his government to open more and more sectors of the economy to the private sector, a particular participant stunned, not a few when he announced that he manages pension funds of USD 1.3 Trillion, money well in excess Nigeria’s current GDP, five times over.
First, well over a billion dollars’ worth of deals benefitting Nigeria and her partners were signed at the Forum, including a $1.3 billion investment from Sun Africa for a new solar energy project; $70 million ring-fenced by Adryada and Noblesse Green Energy for a new biodiversity project; strategic financing support for a new refinery on the Niger Delta announced by Honeywell UOP; and a major philanthropic investment in data for Nigerian schools announced by Airtel Africa that would be setting up internet connection for 100 schools each year for five years running.
A highlight of the event was the Presidential Luncheon, which saw Guest of Honour President Buhari joined by CEOs and Senior Executives from some of the largest and most prominent American and African companies, including GE, Chevron, Honeywell, Bell Flight, Sun Africa, McGraw Hill, American Tower and many more.
The full guest list of participants included the American Tower Corporation, Aveva, Big Sun Holdings, Citi, CrossBoundry Group, Cure Violence Global, Entrust, Educational Testing Service, ExxonMobil , GE Healthcare,Gilead Sciences and Hello Tractor.
Also in attendance were Google, McLarty Associates,Medici Land Governance, NBA, Odum Capital, Oracle, Pearson,Rendeavour, Roche,Seed Global Health, Standard Bank,, UBA America, the AfDB, African EXIM Bank and its US equivalent, Export Import Bank of United States, headed by Reta Jo Lewis, the first ever African-American to lead the organization, and the Jeddah-based Islamic Development Bank, IDB.
We had also in actual participation, the World Food Program, WFP, the Food and Agriculture Organization, FAO, the International Fund for Agriculture, IFAD and NEPAD agency for Africa.
Of course no one could have overlooked the overarching presence and actual participation of the Corporate Council of Africa whose current President, Florie Liser addressed the meeting, saying that the organization is pushing for a private sector roadmap to support investment in several sectors to aid economic growth in Nigeria.
Some of the this country’s biggest corporations were also represented at the highest levels, including, but not limited to the great oil behemoth, the NNPC Limited, the Nigerian Ports Authority, the NIPC, NEXIM Bank, Ndimi’s Oriental Energy, First Bank, Airtel, Flour Mills Nigeria, the Fertilizer Producers Association of Nigeria, the Pharmaceutical Manufacturers Association of Nigeria and so many others.
Interestingly, there were also in attendance, several young Nigerian entrepreneurs who are continually making their mark on the global business landscape.
After breakfast and the opening session, we had the first plenary on Nigeria’s economic outlook and the second one on high level conversations about scaling up international partnerships for Nigeria on the development drive.
Thereafter, eight breakout sessions convened simultaneously for the real business that brought everyone here.
There was a thematic group seeking answers to important questions about growing Nigeria’s agriculture for food security and access to export market.
It addressed questions of increased investment in fertilizer and urea, opportunities for Nigeria-EU partnerships in view of the Russia-Ukraine war and such issues as the need for technology support and innovative financing mechanisms for agriculture.
Nigeria’s Oil and Gas sector came under discussion with a focus on “reforms, results and the road ahead,” where international interest was canvassed for the two pipeline projects taking Nigeria’s gas to Europe through Morocco and Algeria.
Awareness was also raised by the NNPC Limited on the dangers of crude oil to Nigeria and the world at large.
They called it “blood oil.
”The investment climate in Nigeria including systemic risk issues and the vistas of the African Continental Trade Agreement were also brought under focus.
Infrastructure opportunities in power, clean energy, transportation and water came under discussion, as did the ways and means of increasing capital flows into Nigeria, industrial financing, international development financing and the road to greater financial inclusion.
Nigeria also brought for international discussion at this forum, the quest for scaling up international resources for financing education in the continent as well the need for innovative deal-making mechanisms to link government, deal sponsors and international pools capital in the health sector.
There was also a very comprehensive discussion on the next steps for technology development: emerging technologies, satellite technology, digital communication, financing clean industries and the use of technology to combat insecurity.
There have been some of criticisms about the size of the venue and the number of guests; it can only be said that those making those criticisms have never experienced New York during UNGA – one of the world’s busiest and most important international events attended yearly by world leaders from around the globe.
The President himself pointed to the significance of the representation at the forum when he said “ the beauty of this forum is that the Ministers responsible for all of these sectors are here today, as are some of Nigeria’s premier business leaders who are already excelling in these spaces.
”There were some who criticized the quality of speakers at the Forum.
With a lineup that included the President himself, the country’s most senior ministers and the most senior executives from those prominent companies already mentioned, these claims can only be described as inaccurate.
As for those bandying around other names of supposed speakers who did not attend, they are merely misinformed, and taking their information from a dated, draft list of potential invitees – not from the final list.
Sadly, there are those who will always seek to criticize Nigeria for their own political gain and put her down even in moments of her greatest success.
The resoundingly successful Nigeria International Economic Partnership Forum is a clear example.
We look forward to an equally successful repeat next year.
Nigeria has everyone to thank for this successful program, and not least in this category is the Chief of Staff to the President, Professor Ibrahim Gambari, a veteran of the UN and global systems who was the linchpin of the entire event.
Garba Shehu is the Senior Special Assistant to the President on Media and Publicity
The Minister of State for Petroleum Resources, Timipre Sylva, has assured Nigerians that rehabilitation of the Port Harcourt refinery would soon be completed and that the plant would refine 60,000 barrels of crude by early 2023. Sylva gave the assurance while speaking with newsmen in New York at the ongoing 77th of the United Nations General Assembly (UNGA).
The minister spoke after the official launch of the Nigeria Integrated National Financing Framework Report (INFF), the event organised by the Nigerian Government, United Nations Development Programme (UNDP) and European Union.
He said the MoU signed on the modular refineries would help the growth of refining capacity, saying “our target as a nation is not necessarily to become self-sufficient in the petroleum products but to become a net exporter of petroleum products.
“We are expecting that by the end of this year 60,000 barrels capacity per day refinery in Port Harcourt will be functional and we also expecting first quarter of next year Dangote refinery that will also be functional.
“So, we are trying to add to that and of course you know that there is work going on in Warri Refinery and in Lasuna Refinery.
“So, we also want to have other refineries that will complement these refineries because in the end, we are not talking about self-sufficiency but a net exporter of petroleum as a country,’’ the minister said.
On the launch of INFF, Sylva said it was a great event for the stakeholders in the oil and gas industry sector in Nigeria.
“This is the first outing after the passage of the Petroleum Industry Act (PIA) and we want to signal to the world that we are ready for investors.
“This has given us the opportunity to engage those who are very interested on the sidelines of the UN and we were quite happy as a government to take advantage of this opportunity,’’ he said.
The minister said the SDGs frameworks were integral part of the national development and growth and “that’s why we should mainstream it at the end of every year”.
“We should be able to measure how each ministry has contributed to the achievement of the SDGs. “That is really what development is about, if we are not able to achieve as the SDGs as a nation, then it will impact the general growth of our nation.
“So, right now, what we have being trying to do is to ensure that the SDGs are mainstreamed.
So, really, whatever is happening in the government, will be geared towards advancing the achievement of the SDGs,’’ he said.
Sylva argued that if the SDGs were mainstreamed in the national goals, adding that whatever is happening in the government will have a direct impact on the achievement of the SDGs. “The SDGs should be mainstreamed so that total apparatus of government is geared towards achieving the SDGs instead of taking the SDGs as a sideline thing to be looked at by some of the agencies,’’ he said.
The Minister for Foreign Affairs, HE Dr. Abdullatif bin Rashid Al Zayani, met with the Minister for Foreign Affairs of the Republic of Madagascar, HE Richard Randriamandrato, on the sidelines of the 77th session of the UNGA.
They reviewed joint bilateral cooperation in various fields, in addition to discussing a series of regional issues of common interest.
A joint declaration on the establishment of diplomatic relations between the two countries was signed.
The meeting was attended by the Permanent Representative of the Kingdom of Bahrain to the United Nations in New York, HE Ambassador Jamal Faris Al-Rowaiei, and the delegation accompanying the Minister of Foreign Affairs.
Mrs Pauline Tallen, Minister of Women Affairs, has been nominated as Africa’s Leading Woman for Women Affairs and Social Development Award.
The award was conferred at the on-going 77th Session of the United Nations General Assembly (UNGA), the largest gathering of World leaders where policy makers, Captains of industries and the business community converge to interact on global challenges and also sign pacts.
The Special Assistant (Technical) to the minister, Mrs Jummai Idonije, in a statement on Thursday, said the nomination was at the Foreign Investment Network Limited (FIN) Business and Investment Forum holding on the wings of the on-going UNGA.
Idonije said the global recognition was due to her immense contribution to women’s development and empowerment in the country.
She added that the civil decoration by FIN was to recognise persons who have made meritorious contributions to their country .
The statement quoted INGO Third Sector Resource, UK, to have described the nomination as “inspite of the daily challenges she faced in combating issues affecting Women and vulnerable people in her country.
“She has remained dogged in her determination to selflessly serve those in distress and ordinary citizens of her country through her laudable initiatives and interventions.
EU foreign policy chief Joseph Borrell has promised new sanctions targeting Russia following President Vladimir Putin’s latest escalation in his war against Ukraine.
“We decided to bring forward as soon as possible additional restrictive measures against Russia in coordination with partners,’’ Borrell said.
He said this late on Wednesday following a meeting of EU foreign ministers on the sidelines of the UN General Assembly (UNGA) in New York. The meeting was convened by Borrell after Putin ordered the partial mobilisation of reservists in order to bolster his military’s flagging efforts in Ukraine.
“On Sept. 21, Russia chose a path of confrontation by announcing a partial mobilisation in Russia, by supporting the organisation of illegal ‘referenda’ in the Ukrainian territories.
In which currently being occupied by Russia and by threatening again with the use of weapons of mass destruction, Borrell said in a statement.
“The references to nuclear weapons do not shake our determination, resolve and unity to stand by Ukraine.
“Our comprehensive support to Ukraine’s ability to defend its territorial integrity and sovereignty as long as it takes,’’ he added.
Earlier in the day, Putin inked a decree to partially mobilise the reservists in the country’s armed forces, sparking protests in several Russian cities.
As Putin looked for ways to throw more resources at his troubled invasion of Ukraine, he warned other states not to attack Russian territory and alluded to nuclear retribution if someone chose to do so.
“If the territorial integrity of our country is threatened, we will absolutely use all available means to protect Russia and our people.
“This is not a bluff,’’ he said in a televised address.
Hundreds of Russian demonstrators were detained at rallies against the mobilisation measure.
Civil rights group OVD-Info counted 1,350 arrests by Wednesday evening across 38 cities across the vast country, where anti-government rallies were routinely repressed.
It said 500 demonstrators were held in Moscow and 556 in St Petersburg.
Putin announced the mobilisation as he said that he would support planned referendums in the occupied regions of Luhansk, Donetsk, Kherson and Zaporizhzhya later this week, in which people would be asked to join Russia.
The vote had been panned as a sham by the West, as it was being conducted during a military occupation and without outside oversight.
However, if Putin were to be able to report that these areas had voted to become Russian, any attack by Ukraine to free them would fall under his threat of doing anything to protect his country’s territorial integrity.
Russian Defence Minister Sergei Shoigu said some 300,000 reservists of 25 million available would be called up.
Shoigu also put the losses suffered by Russia’s army during its invasion of Ukraine at 5,937 personnel.
It was the first time in months that Russia had officially published figures.
Independent observers, however, believed Russia’s losses were significantly higher.
The call to mobilisation prompted criticism from Ukraine and further abroad, with many saying it was a sign that Putin’s gambit was failing.
“All this can only be explained against the background of the fact that the Russian attack on Ukraine has not been successful,’’ a government spokesperson quoted German Chancellor Olaf Scholz as saying in Berlin on Wednesday.
S. Secretary of State Antony Blinken said Putin’s latest move “reflects the Kremlin’s struggles on the battlefield, the unpopularity of the war, and Russians’ unwillingness to fight in it.
’’ “President Putin is not operating from a position of strength,’’ Blinken said in a statement.
“Rather, this is another sign of his failing mission.
European Commission President Ursula von der Leyen echoed Blinken’s comments, telling CNN Putin was showing his weakness.
’’ Von der Leyen also said that Putin “will have to pay massive costs’’ for the invasion, adding that we would never bow to blackmail over Putin’s nuclear threat.
Ukrainian President Volodymyr Zelensky told the UNGA the move showed Russia was not interested in peace.
“They talk about the talks but announce a military mobilization.
They talk about the talks but announce pseudo referendums in the occupied territories of Ukraine,’’ Zelensky said.
“Russia wants war.
S. President Joe Biden told the assembly that the war “is about extinguishing Ukraine’s right to exist as a state, plain and simple.
And Ukraine’s right to exist as a people.
’’ Meanwhile, Kiev announced that 215 people, including fighters captured at the Azovstal steelworks in Ukraine, were exchanged for pro-Russian politician Viktor Medvedchuk and Russian soldiers in a major prisoner swap.
The Chief of Staff to the President, Ibrahim Gambari, has assured Nigerians that President Muhammadu Buhari will deliver on his pledge to the world leaders by delivering credible, free and fair elections in 2023. Gambari gave the assurance on Wednesday while reacting to President Buhari’s statement at the ongoing 77th session of the General Assembly in New York. The UN correspondent of the News Agency of Nigeria reports that Buhari had conveyed his final reflection as Nigerian president to the world leaders and pledged to deliver credible elections in the 2023 polls.
Gambari told newsmen in an interview that the message of the Nigerian leader was clear on credible elections, and he would not want to elongate his tenure.
“Well, I think it’s clear because the president has been saying the voice and vote of Nigerians must be respected.
“He said let Nigerians choose among the candidates for elections, so that they will also take responsibility for the consequences.
I think that’s the point that they should note.
“And, therefore, the electorate have unique opportunity under this president to exercise their vote in a wise manner, because there are consequences,” said Gambari.
Earlier, Buhari had told the world leaders that he would leave a legacy by allowing the votes of the electorate to count.
“As President, I have set the goal that one of the enduring legacies I would like to leave is to entrench a process of free, fair and transparent and credible elections through which Nigerians elect leaders of their choice,’’ he said.
Buhari told the gathering that the Nigerian government believed in the sanctity of constitutional term limits and would steadfastly adhere to it in the country.
“We have seen the corrosive impact on values when leaders elsewhere seek to change the rules to stay on in power.
Indeed, we now are preparing for general elections in Nigeria next February,” he said.
The Nigeria leader said: “At the 78th UNGA, there will be a new face at this podium speaking for Nigeria.
” In addition, he said Nigeria, a vast country was strengthened by its diversity and its common values of hard work, enduring faith and a sense of community.
“We have invested heavily to strengthen our framework for free and fair elections.
I thank our partners for all the support that they have provided our election institutions,” said Buhari.
Speaking on the theme of the session, “A watershed moment: transformative solutions to interlocking challenges,” he said the theme was apt considering the multiple challenges facing Nigeria.
“The multiple challenges that face us are truly interconnected and urgent, and your choice of this Session’s theme was apt in keeping with our obligations as Member States of this noble Organisation.
“We all must do our utmost to work with you toward resolving them.
In this regard, I reiterate my delegation’s full and resolute cooperation,” he said.
Conveying his final reflection, Buhari said, “we live in extraordinary times with interdependent challenges but enormous opportunities.
” He noted that the pace of change sometimes seemed bewildering, with sometimes a palpable and unsettling sense of uncertainty about the future.
“But if my years in public service have taught me anything, it is that we must keep faith with those values that endure.
“These include, but are not limited to justice, honour, integrity, ceaseless endeavour, and partnership within and between nations.
“Our strongest moments have always been when we remain true to the basic principles of tolerance, community, and abiding commitment to peace and goodwill towards all,” he said.
Nigeria Security and Civil Defence Corps (NSCDC) has called on all strata of the society to play their roles in building peace for the development of the country.
Dr Abubakar Audi, the Commandant-General, who was represented by Mrs Stella Oladeye, the Assistant Commandant General of NSCDC, made the call in Abuja on Wednesday, during marking of the 2022 International Peace Day. The International Peace Day with the theme: End Racism, Build Peace is organised by the Department of Peace and Conflict Resolution of the National Open University of Nigeria (NOUN).
The News Agency of Nigeria report that the UN General Assembly (UNGA) declared Sept. 21, to observe the day to strengthen the ideals of peace through observing 24 hours of non-violence and cease-fire.
According to him, there is no gainsaying that illiteracy is counterproductive to peace building and there are many children behind the educational line and these children are easily manipulated into destructive culture.
“Gender inequality in labour placement should be frowned at as we all cannot but agree that a balanced gender approach could go a long way to reduce brutality in security apparatus in resolving issues in our society.
“The academia should continually explore a balancing strategy on how our spending on education sector should be improved in the face of huge defence budget.
“As we know that an increased spending in education will later transmit to a low budget on defence.
“Let me quickly use this medium to appeal particularly to the political class, whose body language must transmit peace and not post-election violence.
“Let’s push aside violent traditions and teachings in all areas of our lives,” he said.
The keynote speaker, Prof. Uwakwe Abugu, a Professor of Law of the University of Abuja, called for collective engagement to put an end to racism and build peace in the country.
Abugu, who is the immediate past Vice Chancellor, Ave Maria University, Piyanko, Nasarawa State, charged Nigerians to join forces to ensure peace, especially as the country moves into the 2023 general elections.
“We need peace, without peace we cannot go anywhere and as a matter of fact, more lives, more resources, more energy have been committed to building peace.
“We knew that the first and second world wars were fought, and about six million Jews and 13 million other victims of the 2ND World War was because of lack of peace.
“So immediately after the Second World War, the United Nations committed to building peace, saying that on no occasion should we have such amount of volume of loss of lives because of lack of peace.
“United Nations made a lot of efforts and in 1981 declared Sept. 21, annually as International Peace Day. And this has been celebrated but here it is the first time the National Open University is celebrating the day,” he said.
Abugu said building peace and ending racism was very fundamental to Nigeria, as the country needed the peace more than any country in the world.
He said that there was need to unite in humanity, regardless of tribe, religion and language to move the country forward, while churning all forms of religious and tribal sentiment.
“But we can build peace individually.
If I commit myself to peace, and you commit yourself to peace and the third party commits to peace, all of us will have a better society.
“In Nigeria today, we have so much discrimination going on either in appointment to government offices, either by reason of your ethnicity or religion as it is diagnosed.
’’ “But if we are blinded to racism, discrimination, religion, or ethnicity, we will not get the right person at the right place to do and deliver the good purposes of life for the entire nation, ” he said.
The Vice Chancellor, NOUN, Prof. Olufemi Peters said it was important for the country to create and make peace through ways such as education, arts, sports, culture, justice and many others.
Peter, who was represented by the Dean of Management Sciences, Prof. Wilfred Ngbuanyi said Nigerians must contribute to strengthen the ideals of peace so that the council could attain the upmost height.
Also, the United Nations Secretary General, Antonio Guterres, represented by Mr Peter Mancha, an official in Nigerian UN office, said “peace is a noble and necessary pursuit of all people across the world.
’’ Guterres said that the theme was a reminder of the many ways racism poisons people’s hearts and minds and erodes the peace of the world.
“Racism robs people of their rights and dignity.
It inflames inequalities and mistrust and it pushes people apart at a time when we should be coming together as one human family to repair out fractured world.
“Instead of fighting each other, we should be working to defeat our true enemies; racism, poverty, inequality, conflict, the climate crisis and the COVID-19 pandemic.
“We should tear down structures that sustain racism, and lift up human rights movements everywhere,” he said.
The celebration also featured a book launch titled: Peace Building and Nationalism by the Department of Peace and Conflict resolution of the university.
The President of the Republic, Mr. Wavel Ramkalawan, attended the opening session of the 77th session of the General Debate for Heads of State and Government of the United Nations (UNGA77), which is currently taking place at the headquarters of the United Nations in New York. President Ramkalawan is among more than 150 world leaders in New York and will deliver remarks over the next two days as part of the General Debate of Heads of State and Government.
Addressing the room, President Ramkalawan congratulated the new President of the 77th Session of the United Nations General Assembly, Mr. Csaba Kőrösi, while expressing Seychelles' deep appreciation to the outgoing President, Mr. Abdullah Shahid, for his leadership during the previous 76th United Nations General Assembly.
He also conveyed words of thanks to the Secretary General of the United Nations.
“I also wish to express our gratitude to the UN Secretary General, HE Mr. Antonio Guterres, for his efforts to pursue a Common Agenda for the United Nations, at a time when faith in the multilateral system needs, more than ever, be restored.
” The President reminded the assembly that multilateralism provided each Member State with the opportunity and means to solve complex challenges collectively, which could not otherwise be overcome alone, particularly in the face of the various important global challenges that exist, “We have never faced challenges of such magnitude.
A world in deep crisis; Climate inaction, the aftermath of the pandemic, food insecurity, rising energy costs, and the war in Ukraine.
We have reached a turning point.
One that forces us to question the trajectory of our multilateral order, as the dangers to our collective well-being are grave and numerous."
“In the face of a multiplicity of interrelated challenges for which many of us are less responsible, but more affected by them, the plight of states in vulnerable situations has never been more pronounced.
Many of us in the developing world have had to revise our 2030 aspirations due to lost progress,” the President stressed.
Furthermore, he called on the assembly to recognize the plight and vulnerabilities of Small Island Developing States (SIDs) while continuing to implement temporary solutions.
“If this is going to be a defining moment, we need to put real solutions in place that focus on addressing vulnerabilities and building resilience to ensure socio-economic sustainability.
We need international financial institutions and multilateral development banks to look beyond the Gross National Income benchmark.” “There is broad consensus that a Multidimensional Vulnerability Index (MVI) offers a specific approach that will complement and enhance the effectiveness of development cooperation, allowing countries in vulnerable situations to access concessional financing and address their needs,” he said.
The President, who is a member of the High Level Committee appointed by the UN Secretary General representing the small island states of the Atlantic, Africa and South East Asia, welcomed the interim report of the High Level Panel on the MVI, and also expressed hope that progress on inclusive and universally accepted indicators that capture the vulnerabilities of all developing states can be accelerated before the 2023 deadline.
The President ended his speech by addressing the issues of climate adaptation and mitigation and encouraged leaders to be prepared to make bold decisions.
During his participation in UNGA 77, President Ramkalawan will participate in multiple side events and bilateral meetings.
The President and First Lady will also attend a dinner hosted by the President of the United States, Mr. Joe Biden, tonight.
Other members of the Seychelles delegation include; Member of the Diplomatic Corps in Washington, Ambassador Ian Madeleine, High Commissioner to the Republic of South Africa, Ambassador Claude Morel, and Second Secretary Division for Multilateral Affairs, Ms. Marion Etienne.
Kindly find below the link to read the President's full UNGA 77: https://www.statehouse.gov.sc/speeches/5664/unga-77-speech-by-president-wavel-ramkalawan OR Watch the full video of the Speech via House of Representatives YouTube Channel: https://youtu.be/7SWkw7mqmKQ
The Civil Society Legislative Advocacy Centre (CISLAC) on Tuesday inaugurated 2022 anti-corruption shadow report on progress towards Sustainable Development Goals (SDGs) 16 in Nigeria.
SDG 16 is about peace, justice and strong institutions.
The UN correspondent of the News Agency of Nigeria reports that the SDGs Shadow Report 2022 was launched on the sidelines of 77th session of the United Nations General Assembly (UNGA) in New York. Speaking on the Report, the Executive Director of CISLAC, Mr Auwal Rafsanjani, said there were improvement in two indicators in 2022 in measuring SDG 16 as compared to three in 2021 and six in 2019. “This improvement, which can be seen in the policy areas of money laundering and asset recovery, is attributed to the passage and assent into law of the Money Laundering (Prevention and Prohibition) Bill and Proceeds of Crime Management Bill in May 2022. “The Money Laundering (Prevention and Prohibition) Act 2022 aims to strengthen the powers of relevant agencies in dealing with challenges posed by money laundering by expanding the scope of money laundering in the prevention, prohibition, detection, prosecution and punishment of offenders.
“The Proceeds of Crime Management Act 2022 aims to better manage recovered assets through the establishment of a central database as well as the establishment of directorates to manage recovered assets in various jurisdictions amongst other measures,’’ he explained.
However, he said, the lack of progress on other indicators could be attributed to three major factors, including the worsening insecurity across Nigeria which raised concern amongst citizens.
Second factor, he said, was high level of corruption amidst an increase in national debt and the fights against tangible progress on the actions of the government against freedom of speech and freedom of the press.
“As seen on to the 2021 Corruption Perception Index (CPI) released globally by Transparency International where Nigeria scored 24 out of 100 points, which is its worst since 2012 when the methodology of the CPI was reformed.
“Another area to be concerned about is Nigeria’s revenue generation problem which has led to an enormous increase in borrowing.
“Official data has shown that Nigeria had a revenue of N1.63 trillion in the first quarter of 2022, which was not even enough to pay the debt of the country for that quarter which was at N1.94 trillion,’’ he said.
On freedom of the press, the official said the fining of some media houses in August 2022 for the airing of messages on the security situation speaks to this matter.
Similarly, on the global Press Freedom Index (PFI) released by Reporters without Borders, Nigeria fell nine places to 129180 on the 2022 PFI as against 120180 on the 2021 PFI.
“Our position is that achieving the Sustainable Development Goals will become most challenging where there is no solution to the aforementioned challenges,’’ he said.
This edition provides insight for the delayed progress and stagnation under the SDG 16 targets and proffers recommendations where needed.
It is hopeful that these recommendations be followed through by the appropriate authorities to guarantee the protection of the lives and freedom of Nigerians as well as reduce corruption within the government.
He thanked the Transparency International for their technical and strategic support and the European Commission for providing support for the publication through the SANCUS project.
The Report, which is the 5th edition of a series of annual shadow reports, seeks to measure Nigeria’s progress on SDG 16, specifically targets 16.4 which deals with anti-money laundering.
SDG 16.5 which looks at beneficial ownership and 16.10 which looks at access to information.
This Report was prepared using a Transparency International global template which helps for cross chapter comparison amongst countries.
The Report was produced by CISLAC as Transparent International Nigeria under the project which seeks to improve democratic accountability of public institutions and anti-corruption deficits by Strengthening Accountability Networks among Civil Society (SANCUS), which is supported by the European Union.
The Report is an updated assessment of the previous editions of the SDGs Shadow Report published by CISLAC in 2017, 2019, 2020 and 2021. The aim of the Report is to monitor and explore the progress within the agenda 2030 with the focus on the SDG 16 targets earlier mentioned (16.4; 16.5 and 16.10) which have been analysed in depth.
The research encompasses over 14 policy areas and 76 indicators distinctly developed as part of the global Transparency International project of ‘shadow reporting’ the official Voluntary National Reports (VNRs) prepared by the governments as a self-assessment against the SDG goals.
The President of the Republic, HE Dr. George Manneh Weah, today, Tuesday, September 20, 2022, joined many other world leaders to attend the formal opening session of the 77th United Nations General Assembly Debate in the United Nations General Assembly in New York. The General Debate is part of the High-Level Week of the General Assembly and presents an opportunity for world leaders to meet annually to discuss critical global issues.
The United Nations General Assembly (UNGA) is the main policy-making body of the Organization, comprising all member states, and provides a unique forum for multilateral discussion of the full range of international issues covered by the Charter.
of the United Nations.
President Weah was one of more than 150 world leaders who attended the opening session of the debate that is expected to last the next six days under the theme "A Watershed Moment: Transformative Solutions for Intertwined Challenges."
The President and members of the Liberian delegation are expected to hold high-level meetings and participate in different side events.
The 77th session of the United Nations General Assembly is the first fully face-to-face session since the outbreak of the coronavirus pandemic in 2020.