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G77 Summit: International Cooperation Needed To Resolve Global Challenges – Shettima

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Nigerian Vice President Kashim Shettima Addressing G77 Meeting
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Vice President Kashim Shettima has emphasized the need for cooperation among world leaders in order to maximize opportunities of resolving the challenges facing the world.

According to a statement by the Director Information, Office of the Vice President, Olusola Abiola, Shettima said this Friday in his address to world leaders at the ongoing G77+China Leaders’ Summit at the Palace Convention Havana, Cuba.

“We must always remember that cooperation is our compass and the most realistic path towards maximizing the opportunities and resolving challenges before us”, says Vice President Sen. Kashim Shettima.

Vice President Shettima alongside other world leaders at the 2023 G77 Summit in Cuba. Twitter/@officialSKSM

Speaking to an assembly of Heads of State and Government, the UN Secretary-General, Antonio Gutteres and delegates from over 100 countries from the global South, the Vice President emphasized the need to be focussed leveraging cooperation or partnership for finding realistic solutions to global challenges.

“We must not allow geopolitical tensions in any corner of the world to deter us from forging a collective and mutually advantageous path forward – a roadmap of shared prosperity and progress, he advised.

The Vice President expressed Nigeria’s commitment to tow the path of partnership with member-States of the G77+China towards addressing global challenges.

He said, “Allow me to reiterate Nigeria’s commitment to partnering with our fellow member nations of the G77 and China.”

“We shall champion initiatives that harness the potential of science, technology, and innovation to confront economic challenges, particularly within the global south.”, he pledged.

Speaking to the theme: “Current Development Challenges: The Role of Science, Technology and Innovation,” the Vice President underscored the prominent role which science, technology and innovation have always played in resolving challenges from the past to the present.”

Delivering his speech titled: “From Pandemic to Paradigm Shift: Nigeria’s Road to Reinvention” Vice President Shettima said “throughout history, science and technology have shaped the course of nations. The phases of the Industrial Revolution, from the first to the fourth, and from mechanization to automation, have determined the prosperity of those nations.”

Continuing, he observed that “it is crucial to acknowledge that the developing world found itself at a disadvantage in the earliest phases of these transformations, struggling to compete fairly as these revolutions swept across the globe.”

The Vice President told his audience that Nigeria is contributing its own share in leveraging science, technology and innovation to resolving challenges such as Covid-19 and the climate crisis.

He explained that Nigeria “understand that the key to advancing innovation in science and technology lies in fostering a vibrant knowledge economy and facilitating the unrestricted exchange of ideas.

This the Vice President said is the reason why “across the globe, one would be hard-pressed to identify a premier institution, even within the most developed nations, where a Nigerian, trained at home, is not contributing significantly, whether as a tech innovator or a medical specialist, in the noble pursuit of improving the human condition.”

On the efforts of the Federal Government to combat Covid-19 in Nigeria using science and technology, the Vice President said “the COVID-19 pandemic, while a tragic chapter, served as a catalyst for our brilliant minds in Nigeria to rejuvenate their pursuits in the fields of science and technology.”

Adding that “our scientists have successfully positioned our nation as a prominent global hub for mRNA vaccine production, a milestone currently in progress.”

Vice President Shettima who lauded the contributions of the youth in the nation’s quest for science, tech and innovation advancement emphasized that “Nigeria’s demographic advantage is not limited to the absence of an aging population. Nigeria stands as a beacon of youthful talent and innovation.”

Noting that “these young citizens are not only dedicated to integrating human elements into the evolving technological sphere, but their efforts also extend to diverse fields, ranging from telemedicine to the automation of agriculture, all with the aim of making our daily lives more seamless.”

On climate crisis, VP opined that “the climate crisis around the globe too has dominated our agenda, prompting our youthful innovators to engage in crafting solutions.”

“This fervent commitment has resulted in the establishment of start-ups like the Climate Action Africa (CMA) Labs, a hub dedicated to addressing diverse challenges posed by climate change, including severe droughts, flooding, and the escalating agricultural complexities”, he declared.

The Vice President while stressing the imperative of global partnership warned that “the stakes are high. If we fail to act now, the prevailing trend could imperil our attainment of the Sustainable Development Goals (SDGs).”

Earlier in his welcome speech at the opening ceremony, the President of Cuba and Chair of G77+China, Miguel Diaz-Canel lamented the precarious situations faced by developing countries who are member-states.

He noted that science, technology and innovation have only benefitted developed countries while the global South is largely still facing very serious development challenges; the President therefore called for collective wisdom to address the challenges.

The UN Secretary-General, Antonio Gutteres in his brief remarks also noted the development problems confronting developing countries and promised the UN system will continue to work the G77 and China to proffer solutions to these challenges.

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Nigeria’s Senate President Akpabio seeks IPU’s voice in ending conflict in Gaza

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President of the Senate, Godswill Akpabio
President of the Senate, Godswill Akpabio
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The President of Nigeria’s Senate, Godswill Akpabio, has called on the International Parliamentary Union (IPU) to lend a strong voice to the restoration of lasting peace in war-torn Gaza.

Akpabio made the call while contributing to discussions at the ongoing 148th Session of the International Parliamentary Union Assembly in Geneva, Switzerland.

He said it is time for nations to rise above sentiments and invoke the spirit of humanity, by doing all they can to bring sustainable peace to the region.

Some of the resolutions, according to the Chairman of Nigeria’s National Assembly, should include access to humanitarian aid, the restoration of normal life in Gaza, and meetings on a permanent truce.

His words: ” Madam President, this is a lone voice from Nigeria. We tried our best in Angola, and we failed to lend a collective voice to what is happening in Gaza. Today, the world is very expectant.

“We must drop ego. It has nothing to do with which country brings the proposal. The basic tenets of humanity demand that we leave here with a resolution for the rest of the world, to show that we have human feelings in us.

“The issues are very clear. If you notice the proposal for 12 blocs; they attempted to even marry the proposals from South Africa. Yes! South Africa has a right to be emotional, but we have children who are dying even as we are talking now. We have people who do not have water to drink, even as we are talking now. We have people who are going to suffer infections from gunshots.

“We have to show the world that we are human beings. The cessation of hostilities must be a part of our resolutions. Access to humanitarian aid must be a part of our resolutions.

‘At the same time, the release of hostages and even those who are prisoners of war, because if both sides take steps in releasing the hostages, releasing the prisoners of war, it means that both sides have agreed that the international community can go to the next stage, which is negotiation for sustainable peace.

“If they cannot agree, I would urge that, from here, we have a three-man drafting committee to come up with those resolutions which we must make before we leave here.

‘We can no longer allow a child to die tonight without lending our voice. It doesn’t matter which side. We are all parents. If we come here to look for ego and then try to be emotional, it’s not affecting them.

“There’s nothing affecting Denmark; there’s nothing affecting South Africa. The people affected are over there and nobody will agree to the lone resolution from Israel. It must be all-encompassing so that we stand up from here as human beings. That would be my plea.

“Let them go aside, meet and remove those vexatious items. In the course of their discussions, we can have amendments. We can add items that we should add, but we must discuss the Gaza issue in this 148th IPU Assembly. That is my position.”

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Okonjo-Iweala ‘Less Optimistic’ About World Trade In 2024

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Ngozi Okonjo Iweala
Ngozi Okonjo Iweala
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The World Trade Organization’s chief Ngozi Okonjo-Iweala on Wednesday said she was “less optimistic” about world trade in 2024, pointing to tensions in the Red Sea.She said weaker global economic growth, “worsening geopolitical tensions, the new disruptions we see in the Red Sea, on the Suez Canal, the Panama Canal” meant “we are less optimistic”.

Okonjo-Iweala was speaking to journalists at the World Economic Forum in the Swiss resort of Davos where political and economic elites are meeting to discuss global challenges.

Before the massive Hamas attack on Israel in October and the subsequent outbreak of war in Gaza, the WTO had predicted trade would grow by 0.8 per cent in 2023 and projected growth of 3.3 per cent this year.

But Okonjo-Iweala warned the figure for 2024 would now be lower in future forecasts.

“We think there are a lot of downside risks to the forecasts we had made last year of 3.3 percent of growth of merchandise volumes this year. So we expect weaker performance,” she said.

“We will be revising estimates for this year, but they won’t be ready for another month or so,” Okonjo-Iweala added.

A spate of attacks by Yemeni rebels on Red Sea shipping has disrupted the vital trade route while the worst drought in decades to hit the Panama Canal has forced authorities to slow transits.

Yemen’s Huthi rebels say their strikes are in solidarity with Palestinians in Gaza.

The attacks have, however, also caused shipping companies to avoid the Suez Canal.

The Hamas attack on October 7 resulted in the death of around 1,140 people in Israel, most of them civilians, according to an AFP tally based on official Israeli figures.

More than 24,400 Palestinians, around 70 percent of them women, young children and adolescents, have been killed in the Gaza Strip in Israeli bombardments and ground offensive since October 7, according to the Hamas government’s Ministry of Health.

 

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Your Investments Are Safe In Nigeria, Tinubu Assures Saudi Investors

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Asiwaju Bola Tinubu
President Bola Ahmed Tinubu
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President Bola Tinubu on Friday assured potential investors that their investments are safe in Nigeria.

Speaking at the Saudi-Africa Summit in Riyadh, Saudi Arabia, President Tinubu said Nigeria is ready for business while assuring investors of some of the world’s highest returns on investment.

“I also wish to assure all potential Saudi investors of the safety of their investments based on the sanctity of the rule of law and good returns on their investments in the largest economy in Africa,” the President was quoted in a statement by his media aide, Ajuri Ngelale.

“In this regard, the benefit attached to the early inauguration of the Nigeria-Saudi Business Council can not be over-emphasized. Nigeria, like the Kingdom, is diversifying its economy away from oil dependence to promote sustainable development.

“My administration has undertaken bold economic reforms by removing wasteful subsidies on petroleum and the merging of our foreign exchange market, among other incentives aimed at improving the ease of doing business in Nigeria.”

Tinubu stated that Nigeria is desirous of enhancing collaboration with Saudi Arabia on combating terrorist organisations such as Boko Haram, ISWAP, and other violent extremist groups which have been terrorising the Lake Chad and Sahel regions.

He said, “Nigeria and Saudi Arabia have always enjoyed a special relationship at both the bilateral and multilateral levels. Within the past six decades, our bilateral cooperation, which was initially hajj-centric, has witnessed diversification to cover a number of areas of common interest.

“It is delightful to note the presence in this great Kingdom of a large number of our compatriots and professionals, including highly skilled medical practitioners and professional football players.

“As members of several international organizations including the UN, the Organization of Petroleum Exporting Countries, the International Energy Forum, the G77, the Islamic Development Bank, and the Digital Cooperation Organization among others, our two nations have effectively used these and other platforms to enhance close interaction and coordination.”

The President expressed confidence that the countries’ joint positive disposition within those platforms would continue to be demonstrated “as we seek to advance our mutual interests”.

Further, he thanked the Middle-East nation for the various humanitarian interventions in Nigeria through the King Salman Humanitarian Aid and Relief Centre.

Speaking on climate change and how it affects Africa, President Tinubu said climate change had led to an expedited rate of desertification and incessant flooding in Nigeria and many other countries of Africa.

He commended the efforts of the Kingdom for its various initiatives to fight the effects of climate change, adding that Nigeria is also working on a number of initiatives to fight the effects of climate change and energy poverty.

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