Connect with us

EVENTS

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

Published

on

Spread the love

 

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.”

EVENTS

A renowned Edo son, General Godwin Osagie Abbe is dead.

Published

on

A renowned Edo son, General Godwin Osagie Abbe is dead.
Spread the love

He died some hours ago after a protracted illness, a family source has confirmed.

Born 10 January 1949 in Benin City, Edo State, Nigeria he was a retired Nigerian Army Major General and former Defence Minister of Nigeria.

Before then, he served as the Nigerian Minister of Interior.

Godwin Abbe joined the military in 1967 as a private, and was commissioned Second Lieutenant in July 1968, and subsequently promoted Colonel in 1986. He served during the Nigerian Civil War.

He was a graduate of the United States Army Infantry School Fort Benning, Georgia, Ghana Armed Forces Staff College and the National Institute for Policy and Strategic studies, Kuru.

Gen Abbe was the military governor of Akwa Ibom State 1988–1990) and Rivers State (1990–1991).

He then became General Officer Commanding (GOC) 2 Division Nigerian Army; Commander, Training and Doctrine Command (TRADOC) and Commander, National War College. He retired in 1999 with the rank of Major General.

May His Gallant Soul Rest With The Saints🙏 — in London, United Kingdom.

Continue Reading

EVENTS

Anambra State Govt. Rescues 13 Children From Traffickers, Arrests Suspects

Published

on

Spread the love

Anambra State Govt. Rescues 13 Children From Traffickers, Arrests Suspects

By OCHA Brigade Media

13 children have been rescued from suspected child traffickers in Otolo Nnewi by a joint taskforce of Operation Clean And Healthy Anambra, OCHA Brigade and Anambra State Ministry of Women Affairs.

The joint taskforce also confiscated fake documents that aided the trafficking.

The children were found malnourished and have been denied education.

Report say that the trafficker adopts and sold children to people from different parts of the country.

The suspected trafficker, Angela Okechukwu and her collaborators were also arrested.

Speaking, the Managing Director of OCHA Brigade, Comrade Celestine Anere who frowned at the poor health condition the children who are aged between two and twelve years are subjected to, assured that the state government will continue to crack down on all sorts of illegality and warning all criminal minded individuals to relocate from the state or face the full wrath of the law.

Some of the residents of the community, Ikechukwu Nnabuike and Ifechukwu Okoro recalled several interventions they had made against the woman but fell on deaf ears and appreciated the state government for the rapid intervention to end the unlawful act.

Continue Reading

EVENTS

Nigerian Army Announces Massive Promotion Of 108 Officers

Published

on

Spread the love

 

The Nigerian Army has announced the promotion of 108 senior officers, including 35 Brigadier Generals elevated to the rank of Major General and 73 Colonels promoted to Brigadier General.

The Army Council approved the promotions on Thursday, as announced in a statement by Major General Onyema Nwachukwu, Director of Army Public Relations, on Friday.

Among those promoted to Major General are Brigadier Generals A. Garba, Acting Provost Marshal, and U.M. Alkali, Deputy Chief of Administration at the Directorate of Veteran Affairs. Others include A.G.L. Haruna, Acting General Officer Commanding (GOC) 7 Division, and I.A. Ajose, Acting GOC 8 Division.

Similarly, officers elevated from Colonel to Brigadier General include Col. S.M. Iliya, Commander 43 Engineers Brigade, Col. O. Igwe, Commander 78 Supply and Transport, and Col. N.S. Onuchukwu, Chief Medical Director at 44 Nigerian Army Reference Hospital, among others.

The Chief of Army Staff, Lieutenant General Olufemi Oluyede, congratulated the newly promoted officers and urged them to justify their elevation through exemplary leadership, innovative strategies, and unwavering loyalty to their oath of allegiance and the Nigerian Constitution.

He emphasized the importance of tackling contemporary security challenges and maintaining the trust placed in them by their elevation.

Continue Reading

Trending