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G7 partners pledges $420-million-dollar investments for Africa as Nigeria positions

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Leaders of the Group of 7(G7) countries held a meeting with Italian and United States private sector representatives resulting in a $420-million-dollar investment commitment towards African countries.

This was disclosed in a statement published on Thursday, on the website of the government of Italy, the current host of the ongoing 50th G7 summit.

Tagged “G7 Partnership for Global Infrastructure and Investment Side Event Co-Chair Statement”, the statement revealed the G7 co-chairs welcomed the commitments of $100 million and $320 million by partners, aimed at meeting the infrastructure and development needs of Africa through private sector engagement.

Global Infrastructure Investment
Nigeria is strategically positioned to benefit from the commitments made at the G7 summit.

The G7 is an informal association of seven of the world’s advanced economies(Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, as well as the European Union), most of whom were Nigeria’s biggest trading partners in Q1, 2024.

According to data from NBS and Naralytics, France, US, Canada, and Italy were Nigeria’s top ten export trading partners in Q1, 2024.

These G7 leaders agreed to support flagship projects to develop transformative economic corridors for quality infrastructure and investments, touching Africa, the Middle East and Europe.

It stated that a coalition of U.S. investors highlighted and committed new billions of dollars in private investment in scaled infrastructure in emerging markets as a way of supporting the G7’s Partnership for Global Infrastructure and Investment (PGII) topline goal of mobilizing $600 billion in infrastructure investment in emerging economies.

The statement partly reads,

“Today, Italy joined U.S. and EU efforts to promote sustainable development along the Lobito Corridor – committing to strengthen collaboration and mobilize an additional aggregate contribution of up to $320 million in investment in support of the core rail infrastructure and of the related side projects, with a view to additionally creating synergies with AGIA (Alliance for Green Infrastructure in Africa).

“The Co-chairs welcomed the Africa Green Industrialization Initiative (AGII) as a key platform for collaboration on infrastructure investment in Africa and celebrated the Global Energy Alliance for People and Planet (GEAPP) commitment of up to $100 million in philanthropic catalytic investment capital to unlock an additional $1 billion in private finance.”

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NLC announces indefinite strike action

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NLC announces indefinite strike action
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NLC announces indefinite strike action

The Nigeria Labour Congress (NLC) has ordered its members in states that are yet to commence the implementation of the new minimum wage to commence an indefinite strike, beginning from December 1, 2024.

The directive is part of the resolutions of the NLC after its National Executive Council (NEC) meeting at the weekend.

“The NEC notes with deep frustration the persistent delay and outright refusal by some state governments to implement the 2024 National Minimum Wage Act. This betrayal by certain governors and government officials across the country flies in the face of both legality and morality, as workers continue to be denied their rightful wages amidst rising economic hardship. It is a blatant disregard for the law and the lives of millions of Nigerian workers, who are being exploited by the very leaders sworn to protect them.

“The NEC therefore resolves to set up a National Minimum Wage Implementation Committee that will among others commence a nationwide assessment, mobilization and sensitization campaign, educating workers and citizens on the need to resist this assault on their dignity and rights. Furthermore, the NLC shall initiate a series of industrial actions in all non-compliant states and shall not relent until the minimum wage is fully implemented across Nigeria.

“To this end, all state Councils where the National Minimum Wage has not been fully implemented by the last day of November, 2024 have been directed to proceed on strike beginning from the 1st day of December, 2024. Nigerian workers demand justice, and justice they shall have,” the NLC communique read in part.

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Travellers must report reckless driving to curb crashes — FRSC

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Travellers must report reckless driving to curb crashes — FRSC
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The Plateau State Command of the Federal Road Safety Commission, on Friday, concluded a series of activities aimed at reducing road accidents during the 2024 ember months with a call on travellers to report reckless driving in order to achieve the objective.

The campaign, tagged “Speak Up Against Dangerous Driving: Crashes Kill More Passengers Than Drivers,” kicked off on November 6, 2024, in Jos, the state capital, with a press briefing, town hall meeting, fliers distribution to the members of the public as well as motorcade carnival to sensitise the people.

Speaking at the flag-off ceremony, the Sector Commander of the FRSC in the state, Maxwell Plateau, emphasised the need for behavioural change among drivers.

He stressed that passengers have the right to a safe drive and encouraged them to caution drivers who violate road rules.
We must appreciate the selfless services the transport subsector in the country ensures that the movement of people, goods, and services get to their destinations safely.

“However, we must be deliberate in playing our role to maximize safety. As such, FRSC will, at this critical moment, intensify, increase visibility, provide prompt response to rescue, and add more gravity to the enforcement of traffic rules and regulations to ensure our safety. However, passengers also have their own roles to play.

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MINISTER OF STATE WORKS ON THE SPOT ASSESSMENT OF ILLELA-BADAGRY SUPERHIGHWAY

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MINISTER OF STATE WORKS ON THE SPOT ASSESSMENT OF ILLELA-BADAGRY SUPERHIGHWAY
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MINISTER OF STATE WORKS ON THE SPOT ASSESSMENT OF ILLELA-BADAGRY SUPERHIGHWAY

Minister of State Works, Bello Muhammad Goronyo has expressed satisfaction with the level of progress so far made on the Multi-Million Naira Illela-Badagry Superhighway conceived to connect Northern with the Southwestern part of Nigeria and neighbouring Niger Republic.

This is during an on the spot assessment to illela Amarawa the originating point of the legacy Project.

Contract for the construction of the 3 lane carriageway was awarded on 14th August, 2024 by President Bola Tinubu led Administration to create jobs, connect Communities and fast track economic development of the Country in line with his renewed hope Agenda on Road infrastructural development.

Work on the phase One 1A covering 120km that stretches 4 Local Government Areas of Sokoto State commenced on the 4th November as directed by the Minister of Works David Umahi.

The Minister of State Works Bello Muhammad Goronyo embarks on an on the spot assessment to ensure total compliance by the Contractor handling the Project

On the recent revocation of the Abuja-Kaduna-Kano Road Project, the Minister lamented that, after eight Years the Federal Government can no not be hold to ransom by underperforming Firms.

Goronyo stated that the Ministry will re-award the contract to a more serious company in due course to facilitate movement of goods and services.

Representative of the Contracting Firm Willie Barkhursen and Federal Controller of Works incharge of Sokoto State Maigwandu Kasim assured that, the Project is being executed according to specifications and would be completed within the agreed 24 Months period.

A joint reconnaissance survey is ongoing under the Office of the National Security Adviser to ensure safety of workers and equipment

The over 1000km length Superhighway passes through Four Northern and Three Southern States of Sokoto, Kebbi, Niger, Kwara, Oyo, Ogun and Lagos

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