Nigeria To Sign MoU With Consortium On Green Legacy Programme

* Optimistic about planting 20bn trees through the arrangement 

* OSC to build South-South technology centre in Africa as Shettima lauds Tinubu’s leadership

Deji Elumoye in Abuja 

The Federal Government of Nigeria has initiated the signing of a Memorandum of Understanding (MoU) with a consortium comprising the Dalberg Group and Campo Group.

The move, which is in pursuance of Nigeria’s Green Legacy Programme, is coming just as the Organisation of Southern Cooperation (OSC) has chosen Nigeria as the site to build its first-ever South-South Technology Transfer Centre for Africa just has also proposed for Nigeria to host its African South-South Summit.  

This was made public on Monday during a meeting between Vice-President Kashim Shettima and the consortium comprising the Dalberg Group and Campo Group, which navigated Ethiopia’s 46 billion tree planting success, on the sidelines of the ongoing United Nations Food Systems Summit in Addis Ababa, Ethiopia.

Shettima, according to a release issued by his Media Assistant, Stanley Nkwocha,

said: “We have very tall and ambitious projects here, and where there is a will, there is always a way. But experience is not something you buy in the market square. You have to have it, and you have to earn it by supporting the Ethiopian government to succeed.

“We are optimistic about the 20 billion trees. If Ethiopia, a hilly country made up of highlands and mountains, can succeed in planting 46 billion trees, then I believe our 25 billion is even a modest figure. So, I want us to start planting up to 10 billion trees.”

Reiterating Nigeria’s commitment to the green revolution initiative, the vice-president described President Bola Tinubu as a transformational leader bent on redefining the meaning and concept of leadership in Africa.

Shettima said President Tinubu remains the most courageous leader in the contemporary history of Nigeria who is willing to take risks and make far-reaching decisions to transform the Nigerian economy.

Meanwhile, the OSC has sought the support of the Nigerian government to establish the South-South Technology Transfer Centres, designed to facilitate exchanges of technologies among its member states.

This, the organisation said, is very deserving of Nigeria, given the renewed leadership and educational strides of President Tinubu.

The leadership of the organisation made the request on Monday when Vice-President Shettima played host to its Secretary General, Mr Manssour Bin Mussallam, on the sidelines of the ongoing United Nations Food Systems Summit in Addis Ababa, Ethiopia.

Shettima urged the OSC to look inward and come up with ingenious solutions to the developmental challenges among its member states, noting that the South constitutes more than 70 per cent of the global population.

“Part of the reason why I was eager to meet with you has to do with the core mandate of the Organisation of Southern Cooperation, which is to build a balanced and inclusive education system. And in this age of economic nationalism, the South needs to look inward to come up with ingenious solutions towards addressing developmental challenges among its member states.

“If you add China and India as part of the global south, we constitute a chunk of the global solution. For me and my boss (President Tinubu), we are very passionate about education. Africa missed the agricultural age; we missed the industrial age. We are now in the knowledge-driven post-industrial age and post-industrial revolution.

“People are talking of Artificial Intelligence, biotechnology, and we are in a unique position to take advantage of these opportunities,” he said.

Earlier, the Secretary General of OSC, Mussallam, expressed gratitude to the government and people of Nigeria for their visionary decision to become a founding member state of the OSC and one of the first countries to ratify its charter.

He also sought the support of President Tinubu and Vice-President Shettima to reinforce cooperation with Nigeria in ensuring that the country benefits more from its membership in the OSC family.

His words: “Your Excellency, as you are aware, the Organisation of Southern Cooperation is relatively new among government organisations. We were born in January 2020 with the conviction that it was necessary for us to finally have an organisation that is our own, with an executive capacity that enables South-South Cooperation.

“And in this regard, the Secretariat, on the direction of the General Assembly, has for the upcoming two years, set up a programme founded upon six pillars: building knowledge-powered societies which, of course, includes several flagship initiatives, including the establishment of a Southern Research and Innovation and Application Fund that will bridge the funding gaps.”

The secretary general added that one of the key projects the organisation plans to execute in the next three years is the establishment of the South-South Technology Transfer Centres, designed to facilitate exchanges in technologies on the continent.

“We believe that Nigeria will be particularly well-suited given its leadership in that field, and its vision under your government to host the African centre alongside the Latin America and Southeast Asia representatives,” he said.

The post Nigeria To Sign MoU With Consortium On Green Legacy Programme appeared first on THISDAYLIVE.

​  

  • Related Posts

    H1: Africa Prudential Records 75% PBT Growth, N41.35bn Assets 

    H1: Africa Prudential Records 75% PBT Growth, N41.35bn Assets 

    Africa Prudential Plc has announced a strong performance for the first half of 2025, posting a 75 per cent year-on-year growth in Profit Before Tax to N1.98 billion, compared to N1.13 billion recorded in the same period of 2024.

    The unaudited results released in Lagos showed that Profit After Tax rose by 73 per cent to N1.35 billion from N779million in the corresponding period of last year. Net total income also increased significantly by 64 per cent to N3.3billion, against N2 billion recorded in 2024.

    The company said total assets climbed to N41.35bn as of June 2025, representing a 38 per cent rise from N29.95 billion in the same period last year, while shareholders’ fund grew by 15 per cent to N11 billion, despite a N1.2 billion dividend payout earlier in the year. Speaking on the results, the Managing Director and Chief Executive Officer of Africa Prudential, Catherine Nwosu, said the performance underscored the strength of the company’s diversified income base and its resilience in a challenging macroeconomic environment marked by inflation, foreign exchange volatility and high interest rates.

    She said, “Our first half performance of 2025 reflects the strength of our diversified income base and the commitment of our people to delivering value despite a challenging operating environment. We are especially pleased to have rewarded our shareholders with a bonus issue this year, the first in the history of the company. This further underscores our dedication to delivering long-term returns while sustaining growth.”

    The post H1: Africa Prudential Records 75% PBT Growth, N41.35bn Assets  appeared first on THISDAYLIVE.

    ​  

    Africa Prudential Plc has announced a strong performance for the first half of 2025, posting a 75 per cent year-on-year growth in Profit Before Tax to N1.98 billion, compared to N1.13 billion recorded in
    The post H1: Africa Prudential Records 75% PBT Growth, N41.35bn Assets  appeared first on THISDAYLIVE.

    FATF to Countries: Monitor Digital Assets’ Development, Provide Tools to Watch Potential Terrorist Activities

    FATF to Countries: Monitor Digital Assets’ Development, Provide Tools to Watch Potential Terrorist Activities


    *Tells UN ISIS using Crypto to finance global terrorism

    Ndubuisi Francis in Abuja Global anti-money laundering (AML) watchdog–Financial Action Task Force (FATF) has raised the alarm that terrorist group, ISIS is using virtual assets such as crypto to fund their operations.It urged countries and the private sector to monitor the development of virtual assets and provide tools to identify potential underlying terrorist activities.FATF, which was originally created in 1989 to tackle money laundering, was mobilised within just one month of the 9/11 attacks to also include in its mandate, combating terrorist financing.The Paris-based group, which sets AML standards worldwide, said the virtual assets technology is being used as a way to conceal payments.FATF President, Elisa de Anda Madrazo told the United Nations (UN) Security Council at the weekend that the agency had in June this year, completed a Comprehensive Update of Terrorist Financing Risks, with the professional collaboration of UN officials and France.The report, she noted, examined different types of financing of terrorist groups and individuals, and included detailed information on the financing of Daesh and affiliates.Madrazo stated: “What we see is that over the past decades, terrorists have demonstrated a persistent ability to exploit the international financial system. “And these methods they employ vary widely, but we see the trend that underscores both their adaptability and determination.”Context really matters. Depending on contextual circumstances, we see that the type of terrorist organisations, individuals and those who finance terrorism have varying financial needs and consequently adapt their financial management strategies,” the FATF chief said According to her, despite improvements in transparency and risk management practices of the private sector, FATF observed that terrorists continue to use formal financial systems, including deposit accounts, wire transfers, and prepaid cards.”The major evolution is due to digital transformation. Digital platforms — such as social media, messaging applications, and crowdfunding systems—are increasingly being abused for terrorist financing, particularly when they offer integrated payment systems that bypass due diligence measures.”We see an increasing level of abuse of virtual assets, with some groups systematically leveraging them and employing obfuscation techniques and shifting towards alternatives promoted as more private and secure. “In particular, our report highlights that in 2024, ISIL-K has increasingly used virtual assets for organisational transfers and to collect donations internationally.  “To address this, the updated FATF Standards support countries and the private sector to monitor the development of virtual assets and provide tools to identify potential underlying terrorist activities.”In parallel, the threat posed by lone individuals radicalized by ISIL ideology — often younger in age — is rising, with such actors relying on microfinancing strategies drawn from both licit sources, petty criminal activity, as well as technology-enabled methods, including gambling online, which we call gaming, and social media features.”While traditional financing channels and schemes continue to be used, there is a marked increase in the interlink of diverse methods and the use of digital technologies. This adds to the complexity of the shields we have to put in place to combat terrorist financing.”We also see an increased decentralisation, with regional financial hubs and self-financed cells playing a larger role, adapting to local contexts, and employing a broader range of funding sources, from criminal activities (as we see with ISIL’s branches in Africa) to investments in business activities. “These financing models are more resilient and less vulnerable to traditional disruption efforts.”This is of course a complex environment, highlighting the importance of the complementarity of the FATF and UN mandates in combatting terrorist financing.”FATF outlined a number of measures to combat the existing and emerging challenge terrorist financing risks, and building upon requirements in Security Council resolutions and the guidance of the UN Security Council Counter-Terrorism Committee, including the Algeria Guiding Principles.It called for the making of multilateral designation of terrorist organisations under Security Council sanctions regimes a key priority, alongside regional and national mechanisms established pursuant to UNSCR 1373.It also urged strengthening implementation of the global Combating the Financing of Terrorism. (CFT) standards, adding that the FATF was actively working to support countries to increase their investigative and prosecuting abilities after identifying that less than a third of countries are investigating and prosecuting terror financing adequately. “There is also an area of opportunity in closing the loopholes – particularly in areas such as virtual asset service providers (VASPs) and transparency of legal persons. This is fundamental to choke the flow of funds to terrorism,” the global anti-money laundering watchdog said

    The post FATF to Countries: Monitor Digital Assets’ Development, Provide Tools to Watch Potential Terrorist Activities appeared first on THISDAYLIVE.

    ​  

    *Tells UN ISIS using Crypto to finance global terrorism Ndubuisi Francis in Abuja Global anti-money laundering (AML) watchdog–Financial Action Task Force (FATF) has raised the alarm that terrorist group, ISIS is
    The post FATF to Countries: Monitor Digital Assets’ Development, Provide Tools to Watch Potential Terrorist Activities appeared first on THISDAYLIVE.

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Business & Economy

    CBN Raises N8.99trn via T-Bills as 91-Day Rate Closes at 15%

    Dantsoho’s Strategic Push to Boost Maritime Activities at Eastern Ports

    Banigbe: Nigeria’s Economic Growth Hinges on Innovation, Workforce Adaptability

    Parallex Bank Backs Lagos LGAs with Strategic Loan Initiative

    Adeleke Commended for Completion of 1,250MW Power Plant at Omotosho

    Polaris Bank, NCF Partner on Tree-planting to  Combat Carbon Emissions 

    How to make money investing on Nigerian commercial papers 

    See richest family-owned businesses in Nigeria 

    Nigerian companies on track to declare highest corporate taxes ever in 2025 

    FG suspends all approved, pending island and lagoon C of O requests, orders resubmission 

    Anambra Govt owes IPMAN N900 million: Fuel price may hit N3,000/Litre

    Africa Retail Awards 2025 opens submissions, introduces new category ahead of retail congress 

    New UK policy bans offenders from sports, pubs, and travel

    NDLEA arrests Lagos fashion designer using fake pregnancy to traffic cocaine enroute Abuja 

    £2 billion Summer Window: What Premier League Matchweek 1 revealed

    Fidelity Bank to convene strategic panel on export financing at FNITCC Atlanta 2025

    FG approves new Medium-Term Debt Strategy, sets 60% debt-to-GDP ceiling by 2027 

    Air Peace acquires fourth Boeing 777 amid expansion, London route challenges

    Air Peace acquires fourth Boeing 777 amid expansion, London route challenges

    Top 10 busiest airports in Africa as of July 2025

    OpenAI cautions investors against unauthorized sales of its equity 

    When Service Ends in Suffering

    Impact Capital at Work in Nigeria

    Nigerian Government launches personal income tax calculator to drive transparency

    Nigerian Government launches personal income tax calculator to drive transparency

    INTERPOL busts cybercrime networks across Africa in sting operation, recovers $97.4 million 

    FCMB Group to raise equity capital for expansion drive 

    Leather exports from Lagos to generate N387.5 billion annually – Sanwo-Olu 

    AI and the new realities of Fraud Prevention 

    FAAN resumes direct collection of cargo revenue at MMIA after 15 years 

    Rising fertilizer costs threaten crop production and agro-chemicals in Bwari, FCT – Farmers warn 

    Why we source nearly 100% of raw materials from Nigerian farmers – PepsiCo GM Enwemadu 

    Nigeria’s 1.6 million container trade far less than it’s ports potential – Logistics expert 

    Weekly Market Wrap: Nigerian stock market sinks 3,624 points as cement giants fuel decline 

    Imo, A State on the Rise: Hope Uzodimma’s vision for growth and investment 

    Meta, X flout Nigeria’s Internet Code, risk NITDA sanctions 

    American Soybean Association expands partnership to strengthen U.S.-Nigeria commercial ties in aquaculture 

    NITDA warns Nigerians of critical eSIM security flaw affecting over 2 billion devices worldwide