Lagos: The federal government has attracted over $25 billion in investment, including the $20 billion Memorandum of Understanding (MoU) signed between Power China and the Ministry of Power to generate for Nigeria 20,000 megawatts of electricity, following President Goodluck Jonathan’s trade mission to China last week. According to Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, during the visit, Bauchi State signed MoU with China Machinery Engineering Corporation (CMEC) for the provision of 120 megawatts of electricity at an estimated cost of $260 million.
Lagos: An international uproar against Nigeria started brewing over the weekend with news that indicted International Criminal Court suspect, President Omer Al-Bashir of Sudan is expected in Abuja to participate in the international HIV/AIDS conference starting tomorrow, Empowered Newswire reports. This news came on the same day the UN Secretary-General Ban Ki-moon cited Nigeria as among the countries in the world where children were being killed just for going to school in reference to the recent Yobe terrorist killing of school children and a teacher.
The Nigerian government has condemned the ouster of Egypt's democratically elected president, Mohammed Morsi, by the country's military, saying it viewed the development as well as the suspension of the constitution with grave concern. It therefore called for the immediate restoration of constitutional rule in the country. The Ministry of Foreign Affairs said in a statement Thursday the development is "a truncation of the aspirations of the Egyptian people to freely express themselves through the ballot box."
Abuja: In its effort to continue to honour its international obligation, the Nigerian Armed Forces has over 5,000 officers and men serving in peace-support operations within and outside Africa. Minister of State for Defence, Chief (Mrs) Olusola Obada, who gave the figure while presenting the achievements of the ministry in the last one year, said officers and men were equally participating in nine United Nations (UN) peace-keeping missions across the world.
Abuja: Nigeria and other Developing Eight (D-8) countries have agreed to increase the volume of trade among members from the current $150 billion to $500bn within the next five years. The Minister of Industry, Trade and Investment, Olusegun Aganga, disclosed this during the First D8 Ministers Council Meeting on the Preferential Trade Agreement in Abuja, Tuesday. He also proposed that the D-8 Trade and Investment Council made up of the private sector and sponsored by the Ministers of Trade be established as soon as possible. The D-8 countries include Nigeria, Malaysia, Indonesia, Turkey, Bangladesh, Iran, Pakistan and Egypt.
Washington: Climate change and international financial instability top a list of seven concerns that publics around the world consider “major threats” to their countries, according to the latest polling of global attitudes by the Pew Research Centre here. Majorities of respondents in 24 of the 39 countries [including South Africa, Uganda, Kenya, Nigeria, Senegal] surveyed by Pew’s Global Attitudes Project (GAP) described climate change as a “major threat”, although the world’s two biggest contributors to greenhouse gases that most scientists believe are responsible for climate change – the United States and China – were not among them.
Abuja: Last Wednesday, Nigeria joined the world in celebrating the International Day of United Nations Peace-keepers, a day designated in 2002 by the United Nations General Assembly (UNGA) to pay tributes to all men and women serving in UN peacekeeping operations for their high-level professionalism, dedication and courage. It was also meant to honour the memory of those who lost their lives. UNGA designated May 29 for the tributes, as the first UN peace-keeping mission - the UN Truce Supervision Organisation (UNTSO) - began in Palestine on that date in 1948. This year’s commemorative ceremonies came at a time the services of the UN peace-keepers have continued to be in high demand.
Lagos: There has recently been a lot of misinformation and misconception in our public debate on debt. My goal in this article is to shed some light on the public debt, to clarify the real state of Nigeria’s debt position, and hopefully, provide a knowledge platform for constructive debate. Let me say at the outset that no one in government is supportive of a Nigeria that returns to a high state of indebtedness. On a personal note, having gone through tremendous stress during the quest for Paris Club debt relief, I am committed to a Nigerian economy that is fiscally prudent, balances its books and remains at a low state of indebtedness.
Addis Ababa: Nigeria will host on 10-15 July a special summit of the African Union heads of State and government, tagged Abuja+12, to evolve modules that will intensify the effort of implementing programmes of the Action Committee of AIDS Watch Africa (AWA). President Goodluck Jonathan agreed to host the conference during the AWA meeting of heads of State and government held on Sunday at the AU headquarters in Addis Ababa, Ethiopia.
Addis Ababa: I am delighted to be part of this historic Summit which commemorates the 50th Anniversary of the establishment of the Organization of African Unity (OAU). I join other colleagues in conveying appreciation to the government and people of Ethiopia for their hospitality and the African Union Commission for the excellent organization of this unique event. It is a great honour to also acknowledge the presence at this occasion, of our elder statesman, former President of the Republic of Zambia, H.E. Dr. Kenneth Kaunda, one of the founding fathers of this organization.