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Okonjo-Iweala counsels Nigeria’s diaspora to support the nation’s economy for peace

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Ngozi Okonjo Iweala
Ngozi Okonjo Iweala
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Dr Ngozi Okonjo-Iweala, the Director-General (DG) of the World Trade Organisation (WTO), has said the contributions of Nigerians at home and abroad could positively impact the nation’s economy to bring about peaceful coexistence.

The DG said this at a webinar to celebrate the National Diaspora Day on Sunday, in Abuja, organised by the Nigerians in the Diaspora Commission (NiDCOM) to commemorate its establishment and its achievements so far.

The News Agency of Nigeria (NAN) reports that the event was themed: ” Diaspora Integration for National Peace and Development”, which NiDCOM described as being anchored on the levers of peace that would accelerate Diaspora engagement for national growth and development.

The commission observed that no nation could succeed in an atmosphere anchored on insecurity, hatred and divisive tendencies.

In her contribution, Okonjo-Iweala applauded the Diaspora for their huge contributions to the nation’s economy, citing in particular how their remittances had brought about development of the rural areas and the sustenance of the economy.

”Let me applaud fellow Nigerians in the Diaspora because they are contributing so much, in many ways; the remittance that the Diaspora send home is in millions of dollars which has contributed in sustaining our economy.

“It helps people living in the rural areas to get resources to send their children to school, take care of their health, build and run businesses, but we can do more wherever we are in the Diaspora, for there’s no place like home.

“So, what we should be thinking of is how we can help to make things better wherever we are, be it in the village or the town to make things better at home, either through creating employment, business, a civil society organisation, or helping to support what the local government is trying to do.

“This is what helps to create peace and I am not saying that is all of it, but the fact remains that there are so many young people who do not have jobs and the COVID-19 situation had made that worse with the lockdown.

“I think we should be thinking of what we can do to help improve the economic situation of people at home because that’s what helps to bring peace.

“If we did not have so many disoriented and disorganised unemployed youths , some of the activities that we see at home that are detrimental towards peace and security might not happen,” she said.

Speaking earlier, Amb. Zubairu Dada, the Minister for State for Foreign Affairs, stated that the Federal Government was willing to create an enabling environment that would encourage direct investment by the diaspora.

Dada added that Nigerians in the Diaspora had continuously shown great dedication, with their time, skills, talents, resources and global exposure, to the development of the country.

“The theme of this year’s event encapsulates the intention of Nigeria in high engagement with her diaspora, especially in these times when we badly need peace, if any development is ever to take place.

“This celebration is also a networking event intended to showcase the achievements of Nigerians in the Diaspora, particularly our internationally acknowledged surgeons, educationists, world class athletes, engineers, lawyers and scientists, among others.

“Men and women who have distinguished themselves in their chosen careers for their huge contribution to the peace and progress of their host countries and humanity in general.

“I wish to assure you that the federal government of Nigeria will provide an enabling environment, through policies and programmes tailored to support you and your wellbeing, and in turn encourage you to give back for the upliftment of your country,” he said.

He added that the government had taken a further step by approving and adopting the National Diaspora Policy 2021 and its Action Plan, for a more holistic approach to the nation’s engagement with the diaspora.

Mrs Abike Dabiri-Erewa, the Chairman/CEO of NIDCOM, noted that development could only thrive in a peaceful environment, hence the need for maximum cooperation to collaborate.

She urged the diaspora to collaborate with Nigeria, their country of origin, in sharing ideas , technology and others skills, that would promote her development.

NAN reports that the National Diaspora Policy 2021 was unveiled by the NiDCOM Boss, Mr Franz Celestin, Chief of Mission, International Organization for Migration (IOM) and Sir Chibuzor Ugochi of the Nigerians in Diaspora Organisation, (NIDO UK-SOUTH). (NAN)

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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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