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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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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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Obaseki Lauds State Security Council for Support, Urges Cooperation with Successive Administration

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Obaseki Lauds State Security Council for Support, Urges Cooperation with Successive Administration
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Edo State Governor, Mr. Godwin Obaseki, has expressed appreciation to members of the Edo State Security Council, commending the Council for providing the State with adequate security and necessary surveillance.

The Governor noted that their collaborative efforts with the government and citizens of the State have gone a long way in improving security situation in the State.

Obaseki made this known on Friday November 8, 2024, at the valedictory Security Council Meeting by his administration, held at the State Government House, with representatives from the Nigerian Army, Navy, Air Force, Prisons Service, Immigration Service, Department of State Services (DSS), Federal Road Safety Commission (FRSC), Federal Fire Service, Nigerian Security and Civil Defence Corps (NSCDC), Nigeria Customs Service (NCS), Nigerian Drug Law Enforcement Agency (NDLEA), the Nigerian Police Force (NPF) and other relevant security agencies.

According to the Governor, “We are blessed to have worked with these agencies who by adopting the right technology were able to provide a security blanket over Edo State, such that today, we have a Security Information Management System second to none in this country.

“It is one thing to have security but what is also important is the perception of security. I would say that the giant strides made by my administration in the last few years speak to the fact that the capacity to deal with security issues in Nigeria exists; the people to do the job exist; it is all about working with them and supporting them to perform their duties. We are hoping that the successive administration will continue to work with them.

Obaseki added: “The only thing I can do is to thank you, because we cannot reward you enough. When I look back, I want to say thank you for all you did, because I am leaving Edo much better security-wise. And my advice to the incoming administration is to take security seriously.

“Do not prioritize politics over security, and the citizens too must continue to demand for a secure environment, because we have shown over the last 8 years that it is possible; shown that we have men and women who have the capacity and training to offer security services to the people.

“As I step out of office, I know my success has been largely due to the support I received from you to ensure that we have a safe and secure State. Please keep it up. Continue with the structures we have put on ground. Keep that cooperation that made you very effective, so we can continue to provide security to our people.”

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