Thursday, 31 October 2013

Am Ify D'Tiny:92 Niger migrants starved to death in Sahara


Rescuers in Niger have found the decomposed bodies of more than 90 migrants who perished in the Sahara, some of whose corpses had been eaten by jackals.
The victims, nearly all of them women and children, are believed to have died of thirst several weeks ago when their truck broke down as they tried to reach Algeria, according to a senior security source in the West African country.
It is Niger’s worst such tragedy in a decade.

Am Ify D'Tiny:Police Disrupts ASUU Protest In Bayero University Kano


The Nigeria Police in Kano state has disrupted a peaceful protest by the Academic Staff Union of Universities (ASUU) in Bayero University, Kano (BUK). 
The protest was thwarted by armed policemen, who joined those stationed at the University gate as they blocked the entrance, forcing the lecturers back into the university campus.
Although an argument ensued when a police officer made threats, the lecturers marched back to the university premises where the protest held peacefully.
The leader of the ASUU in BUK, Dr. Mahmud Lawan, said although they had been denied the opportunity to express their grievances, the strike will continue because the federal government is not ready to listen to them.
Although the protest was peaceful carried out despite the presence of armed police officers, the protesters said there will be no going back on the struggle for a better university system.

Am Ify D'Tiny:

Am Ify D'Tiny:President Kenyatta's ICC trial likely delayed

Kenya President Uhuru Kenyatta's crimes against humanity trial is likely to be delayed until next year after International Criminal Court prosecutors said they did not object to a postponement.

"The prosecution acknowledges that there are some grounds for such a change and does not oppose the defence application," said a court document dated Wednesday and published Thursday.

Kenyatta's trial on charges of masterminding some of the 2007-8 post-election violence in Kenya that left over 1,000 people dead and several hundred thousand displaced is currently set to begin on November 12.

However, his lawyers last week asked for the trial to be postponed, citing the "national and international crisis" triggered by last month's deadly attack on Nairobi's Westgate shopping centre.

Prosecutors said that while they did not accept that Kenyatta's "presidential duties are a reason to delay the trial," they would also like a delay in order to be able to present witnesses in the order they want.

The prosecution said that if the trial were postponed, it should start instead on February 3, 2014, while the defence has asked for a delay until February 12, 2014.

Kenyatta, who was elected president in March, has long argued that his trial would hamper his running of the country.

His lawyers argued that last month's militant attack on Nairobi's Westgate shopping mall by Al-Qaeda-linked militants in which at least 67 people died meant he was urgently needed at home.

The attack was carried out by neighbouring Somalia's Shebab, which has threatened to launch further attacks.

Kenya's Vice President William Ruto went on trial at the ICC last month on similar charges.

The court has been caught up in accusations that it is targeting African leaders, with the African Union calling for immunity for heads of state and asking the UN Security Council to suspend ICC proceedings against Kenya's leaders for a year. AFP

Am Ify D'Tiny:Nigeria: PHCN Handover - FG Insists On Nov 1, Workers Threaten Nationwide Blackout



The federal government has reaffirmed its decision to fully handover all privatised assets under the Power Holding Company of Nigeria (PHCN) by November 1 even as the workers threaten total blackout over failure to complete payment of the severance package for 55 percent of the staff.
The Bureau of Public Enterprises (BPE) Head of Corporate Communications, Mr Chigbo Anichebe, who spoke on telephone yesterday to our reporter said government is set to practically handover the PHCN assets to the new owners having gotten their legal documents since August.
However, staff of the defunct PHCN have threatened to shut down the nation's power system if government fails to complete the severance benefits payment.
A source close to the chairman of the Lagos chapter of the National Union of Electrical Employees (NUEE), Mr. Adeleke Ibrahim, said over 2,000 workers staged a protest at the Eko and Ikeja Distribution Companies (Discos) on Monday in Lagos in which they gave the federal government a four-day ultimatum to complete the payment of their severance benefits.
The workers were said to have locked the gates to the Discos as they lamented the refusal of some banks to give financial backing to the schedule sent to them by the federal government, resulting in the delay of the payment of the benefits to majority of them.
The chairman, Lagos chapter of NUEE, Mr. Adeleke Ibrahim, at the protest said, "The reports reaching the union is that majority of the banks cannot give financial backing to the schedule sent to them by the federal government. This means that the government does not have money."
Ibrahim said if the entitlements were not paid by the end of October, the entire workforce of PHCN in all the 36 states of the federation and the Federal Capital Territory would embark on an indefinite strike.
Meanwhile, Chigbo in the chat said, about 41, 000 workers had their data captured therefore the less than 6,000 workers yet to be captured are an insignificant number to stop the handover by November 1.
He maintained that government is working at completing the verification for the few workers left to ensure the success of the whole process.
Refuting the claims of the protesting PHCN staff, Chigbo said most of the 6,000 workers yet to scale through the process are those who collected the data information forms but are yet to submit them for proper capturing, as well as those who have minor problems to resolve.
Meanwhile, the Minister of Power, Prof. Chinedu Nebo earlier on Monday stated that government had achieved 90% success in the payment of workers' severance packages and pension.
He said a total of 40,093 workers had already received their pay with an additional 5,000 needing to be revalidated, adding that the intention of government was to ensure that there would be no further delay in the proposed formal physical handover of power assets to private owners.

Miss Ify D'Tiny:Nigeria: Central Bank Declares 23 Banks Healthy



Lagos — The Central Bank of Nigeria (CBN) has given a clean bill of health to 23 of the 24 money deposit banks in Nigeria, saying the banks are above 30.0 per cent industry liquidity ratio.
In the 2012 annual report released yesterday, the CBN said all the banks, except one met the stipulated minimum capital adequacy ratio (CAR) of 10.0 per cent and industry liquidity ratio at an average of 63.9 per cent against the prescribed minimum of 30.0 per cent. The affected bank was not mentioned in the report. The apex bank said the asset quality of banks, measured by the ratio of non-performing loans to industry total improved substantially as it declined to 3.47 per cent at end-December 2012 which is below the threshold of 5.0 per cent.
Speaking on the report, Central Bank governor, Sanusi Lamido Sanusi, said the nation's economy remained resilient with a robust growth of 6.6 per cent, compared with the 7.4 per cent recorded in 2011. Sanusi attributed the development to the contraction in the growth of the oil sector occasioned by leakages in form of oil theft and production disruptions.
The non-oil sector, he said, continued its strong performance underpinned by sustained investment in power and other infrastructure, as well as supportive fiscal incentives and a modest increase in credit. He said the bank is optimistic that with sustained economic reforms particularly, the focus on infrastructure, the diversification of the economy away from oil, in line with the government's transformation agenda, as well as the consolidation of the gains of the financial sector reforms, the continued growth in the economy will be assured.
The report shows that CBN guaranteed 48,736 loans valued at N9.71 billion under the Agricultural Credit Guarantee Scheme Fund (ACGSF) in 2012, bringing the total loans guaranteed since the inception of the Scheme in 1978 to 803,264, valued at N62.05 billion. There was no new placement of funds under the Trust Fund Model (TFM) in 2012, leaving total contributors at 56, valued at N5.52 billion. The cumulative disbursement under the Refinancing and Restructuring Fund (RRF) remained at N235.0 billion, as there was no additional disbursement from the CBN.
Under the Small and Medium Enterprise Credit Guarantee Scheme (SMECGS) 22 projects valued at N1.030 billion, were guaranteed in 2012. Thus, the cumulative projects guaranteed since the inception of the SMECGS stood at 40, valued at N1.93 trillion.
Also, N33.58 billion was released to the DMBs for disbursement to 13 projects under the Power and Airline Intervention Fund. The sum comprised N28.24 billion for 10 power projects and N5.33 billion for 3 airline projects.

Miss Ify D'Tiny:Nigeria: Federal Govt Takes Mental Health Care Services to Rural Communities



The Federal Government has said it has began mental healthcare delivery services at community levels for the prevention and control of mental disorders in the country.
Minister of Health, Prof. Onyebuchi Chukwu who made this known during the World Mental Health Day, said a National Mental Health Gap Action Programme (MhGAP) is already being implemented to this effect.
He observed that mental disorders have significant economic and social impact on individuals, families and communities, and regretted that they are among the non-communicable diseases that have suffered neglect in the past.
He recalled that mental health was the central agenda of the Commonwealth Health Ministers Meeting in May 2013, saying that the meeting developed strategies for addressing the social and economic aspects of mental disorders, especially the stigma and discrimination associated with them. He called for increased public awareness and understanding of mental disorders, particularly in the elderly in order to eradicate barriers to diagnosis and care, lamenting that that more than 40% of Nigerians continue to erroneously associate mental disorders to supernatural causes.
The minister noted that there are at the moment nine Federal Neuropsychiatric Hospitals across the country, besides the Departments of Psychiatry in all Federal Teaching Hospitals, as well as Psychiatry Units in all Federal Medical Centres, which provide specialized mental healthcare to Nigerians.

Wednesday, 30 October 2013

Central African Republic's UN protection force approved


The UN Security Council has approved a special 250-strong military force to protect UN workers in the Central African Republic (CAR).
The UN director of humanitarian operations said CAR was "chaotic" and more than half the population was in need of assistance.
"The scale of suffering is among the worst in the world and getting worse," John Ging said.
CAR has been in a state of chaos since rebels seized power in March.
A rebel alliance known as Seleka ousted President Francois Bozize from office, replacing him with the alliance's commander, Michel Djotodia.
Last month, Mr Djotodia formally disbanded the rebels and integrated many fighters into the national army.
However, rebels linked to Seleka have continued to launch attacks on scores of villages, prompting the emergence of local civilian protection groups.
'Tinderbox'
The 250 UN troops will be taken from an existing peacekeeping force and based in the capital, Bangui, diplomats said.

Central African Republic

Map
  • One of the poorest and most unstable countries in Africa
  • Thousands of rebels descended on the capital Bangui in March and forced President Bozize into exile
  • In the months since the rebels seized power, the country has sunk into a state of near-anarchy
  • Human rights groups have accused the rebels of scores of atrocities, especially in the troubled north-west
  • The north-west is the birthplace of ousted President Bozize and his supporters are accused of fomenting the unrest
The strength of the force will then be strengthened to 560 troops so they can deploy to areas outside the capital where there is a UN presence.
Mr Ging, who has recently visited CAR, said there was a worrying new religious dimension to the violence, with armed groups inciting Christian and Muslim communities against each other.
"We are seeing the seeds of a profoundly dangerous development between communities.
"It's a tinderbox that can ignite into something very, very big and very, very bad," the Associated Press news agency quoted Mr Ging as saying.
The African Union is in the process of deploying a 3,600-strong peacekeeping mission to the country - incorporating a regional force already on the ground.
Earlier this month, France said it was sending some more troops to its former colony where it already has about 400 troops based at the airport in Bangui.
CAR has huge deposits of precious minerals but has been plagued by chronic instability since independence in 1960.

Central African Republic's UN protection force approved


The UN Security Council has approved a special 250-strong military force to protect UN workers in the Central African Republic (CAR).
The UN director of humanitarian operations said CAR was "chaotic" and more than half the population was in need of assistance.
"The scale of suffering is among the worst in the world and getting worse," John Ging said.
CAR has been in a state of chaos since rebels seized power in March.
A rebel alliance known as Seleka ousted President Francois Bozize from office, replacing him with the alliance's commander, Michel Djotodia.
Last month, Mr Djotodia formally disbanded the rebels and integrated many fighters into the national army.
However, rebels linked to Seleka have continued to launch attacks on scores of villages, prompting the emergence of local civilian protection groups.
'Tinderbox'
The 250 UN troops will be taken from an existing peacekeeping force and based in the capital, Bangui, diplomats said.

Central African Republic

Map
  • One of the poorest and most unstable countries in Africa
  • Thousands of rebels descended on the capital Bangui in March and forced President Bozize into exile
  • In the months since the rebels seized power, the country has sunk into a state of near-anarchy
  • Human rights groups have accused the rebels of scores of atrocities, especially in the troubled north-west
  • The north-west is the birthplace of ousted President Bozize and his supporters are accused of fomenting the unrest
The strength of the force will then be strengthened to 560 troops so they can deploy to areas outside the capital where there is a UN presence.
Mr Ging, who has recently visited CAR, said there was a worrying new religious dimension to the violence, with armed groups inciting Christian and Muslim communities against each other.
"We are seeing the seeds of a profoundly dangerous development between communities.
"It's a tinderbox that can ignite into something very, very big and very, very bad," the Associated Press news agency quoted Mr Ging as saying.
The African Union is in the process of deploying a 3,600-strong peacekeeping mission to the country - incorporating a regional force already on the ground.
Earlier this month, France said it was sending some more troops to its former colony where it already has about 400 troops based at the airport in Bangui.
CAR has huge deposits of precious minerals but has been plagued by chronic instability since independence in 1960.

Central African Republic's UN protection force approved


The UN Security Council has approved a special 250-strong military force to protect UN workers in the Central African Republic (CAR).
The UN director of humanitarian operations said CAR was "chaotic" and more than half the population was in need of assistance.
"The scale of suffering is among the worst in the world and getting worse," John Ging said.
CAR has been in a state of chaos since rebels seized power in March.
A rebel alliance known as Seleka ousted President Francois Bozize from office, replacing him with the alliance's commander, Michel Djotodia.
Last month, Mr Djotodia formally disbanded the rebels and integrated many fighters into the national army.
However, rebels linked to Seleka have continued to launch attacks on scores of villages, prompting the emergence of local civilian protection groups.
'Tinderbox'
The 250 UN troops will be taken from an existing peacekeeping force and based in the capital, Bangui, diplomats said.

Central African Republic

Map
  • One of the poorest and most unstable countries in Africa
  • Thousands of rebels descended on the capital Bangui in March and forced President Bozize into exile
  • In the months since the rebels seized power, the country has sunk into a state of near-anarchy
  • Human rights groups have accused the rebels of scores of atrocities, especially in the troubled north-west
  • The north-west is the birthplace of ousted President Bozize and his supporters are accused of fomenting the unrest
The strength of the force will then be strengthened to 560 troops so they can deploy to areas outside the capital where there is a UN presence.
Mr Ging, who has recently visited CAR, said there was a worrying new religious dimension to the violence, with armed groups inciting Christian and Muslim communities against each other.
"We are seeing the seeds of a profoundly dangerous development between communities.
"It's a tinderbox that can ignite into something very, very big and very, very bad," the Associated Press news agency quoted Mr Ging as saying.
The African Union is in the process of deploying a 3,600-strong peacekeeping mission to the country - incorporating a regional force already on the ground.
Earlier this month, France said it was sending some more troops to its former colony where it already has about 400 troops based at the airport in Bangui.
CAR has huge deposits of precious minerals but has been plagued by chronic instability since independence in 1960.

Thursday, 24 October 2013

Pirates kidnap two American sailors off Nigeria


Lagos — Pirates have stormed an oil supply vessel off southern Nigeria and kidnapped the ship's captain and chief engineer, both US citizens, a private security firm and US officials said Thursday.
A US-flagged C-Retriever owned by American oil servicing company Edison Chouest Offshore was attacked on Wednesday off the city of Brass, said AKE, a London-headquartered private security firm.
"Both the chief engineer and the captain were kidnapped," Richard Fylon of AKE said. "They are both American."
US defence officials in Washington, who requested anonymity, confirmed the details.
The US Navy and the Marine Corps had not yet received orders to intervene, two US defense officials told AFP.
An official at AKE's Lagos office said this was the first reported kidnapping of US nationals around the oil-producing Niger Delta region in at least two years.
The official, who requested anonymity, said the same area was attacked by pirates earlier this week, but that there appeared to have been no increase in naval patrols operating in the area.
Police spokesman Alex Akhigbe in Bayelsa state, where Brass is located, told AFP he had no details on the raid.
Nigeria's navy was not available to comment.
The kidnapping of foreigners working in the oil sector was once a common occurence in the delta.
Abductions declined dramatically after a 2009 amnesty deal with rebels in the region, but they have spiked again in recent months.
Oil servicing ships have repeatedly been hit around the Gulf of Guinea, which includes the waters off Nigeria, Togo, Benin and parts of Ghana.
Sailors of varying nationalities have been taken hostage, but typically released days or weeks later. Most analysts say that ransoms are paid in such cases, but the companies involved and Nigerian officials rarely comment on payments to kidnappers.
In a report released last month, the Risk Intelligence security firm said pirates in the gulf have increasingly sought to rob international vessels over the last two years.
There are signs that the region's pirates have become bolder and developed more sophisticated attack methods, the report said.
The Lagos-based AKE official, citing recent attack patterns, said the raid on the American-owned C-Retriever was likely carried out by gunmen on board two or three speed boats, with four attackers on board each boat.
The US navy, along with forces from Britain, Spain and The Netherlands last week conducted a joint training exercise with Nigeria's navy to curb piracy in the region.
Nigeria is Africa's top oil producer, generating some two million barrels per day from onshore and deepwater fields in the Niger Delta, which falls along the Gulf of Guinea.

Germany’s Social Democrats Say U.S. Spying Risks Free Trade Deal


Germany’s Social Democrats said that a trans-Atlantic free trade deal can’t be negotiated until measures are in place to stop the U.S. from spying on their European allies.
SPD lawmaker Thomas Oppermann convened an emergency meeting of the lower house panel charged with overseeing intelligence matters to discuss evidence that Chancellor Angela Merkel’s mobile phone was monitored by U.S. spy agencies. He said the response to revelations of U.S. eavesdropping will be a central theme of the coalition deal his party is negotiating with Merkel’s bloc.
“Our fears have been confirmed,” Oppermann, the panel’s chairman and one of two SPD representatives on the five-person steering group for the coalition talks, told reporters in Berlin today before the meeting. “I can’t imagine any free trade agreement between Europe and the U.S. as long as this affair hasn’t been cleared up.”
German politicians from all parties have reacted with outrage to a report by Der Spiegel late yesterday that the U.S. National Security Agency may have been monitoring Merkel’s private mobile phone for years. A White House denial that the U.S. is listening in failed to stem the calls in Germany and elsewhere in Europe for action to ensure there is no repeat.
Germany summoned the U.S. ambassador to the Foreign Ministry to clarify the charge of U.S. eavesdropping as Merkel joined European Union leaders in Brussels, where the summit discussion of data protection took on new relevance.

‘Strong Signals’

“There are strong signals that my German colleague has been wire-tapped,” Dutch Prime Minister Mark Rutte told reporters before the summit, saying that he found the charge “impossible, unthinkable and very serious.”
A decision today on possible action against the U.S. “is not foreseen,” he said. “We are now awaiting the investigation results and based on that, we will set the next steps.”
European Parliament President Martin Schulz, speaking at a meeting of European socialist leaders in Brussels, said that “this time an interruption is necessary” in U.S. trade talks.
“There are certain standards and criteria that have to be met, otherwise there’s no point in talking to each other,” said Schulz, a German SPD member.
For all the outcry, analysts agreed that the proposed free trade agreement probably won’t become a victim, least of all as a result of Germany.

EU Opposition

“The German government won’t let this seriously impact on talks for an EU-U.S. free trade deal,” Jan Techau, Carnegie Europe’s Brussels office director, said by phone. “Opposition is going to come more from the EU Commission and European Parliament, which is already seeking harsher measures on this.”
Fredrik Erixon, director of the European Centre for International Political Economy in Brussels, said the fallout “isn’t going to seriously affect the EU-U.S. trade talks because most of the EU governments, especially Germany’s, are keen for a trade deal.”
Merkel, who won re-election on Sept. 22 for a third term leading Europe’s biggest economy, is the latest world leader to express outrage over allegations of U.S. eavesdropping. French President Francois Hollande also sought clarification this week over allegations of spying by the NSA.
Using unusually strong language, Merkel spoke to President Barack Obama and “made it clear that she unequivocally condemns such practices if the evidence should prove true, and sees it as completely unacceptable,” her chief spokesman, Steffen Seibert, said. “This would be a serious breach of trust,” Seibert said in an e-mailed statement, adding that “such practices must be stopped immediately.”

Obama’s Assurance

“The president assured the chancellor that the United States is not monitoring and will not monitor the communications of the chancellor,” White House press secretary Jay Carney told reporters in Washington yesterday.
Ronald Pofalla, Merkel’s chief of staff, said that he had noted the U.S. denial failed to mention past activities and so the government will sift all previous statements made by the NSA. Speaking to reporters outside the panel meeting, he said the allegations, if true, put U.S. surveillance and the public statements of the NSA “in an entirely new light.”
The revelations “erode the sense of shared values and the idea that if things really go wrong, the Europeans can always rely on the Americans and vice-versa,” said Shada Islam, director of policy at the Friends of Europe policy-advisory group in Brussels. “This isn’t going to stall the trade talks, let alone bring them to a screeching halt” since “it’s more than just a trade deal. It’s about Western values and keeping them intact.”

Satisfied China serious about border peace: PM



A day after inking a key border pact with , Prime Minister  Thursday said he was "satisfied" that the Chinese leadership was "serious" about restoring peace and tranquillity on their disputed border.
Answering questions from media persons on board his special jet while on way back from his visit to Russia and China, the prime minister also said he is satisfied with his visits to both countries and the back-to-back tour had "served their purpose".
He said there is commitment between India and China that "peace and tranquility on the border is a prerequisite for progress in relations" and "on the whole there has been peace and tranquility" on their 4,000-km border.
"I am reasonably satisfied that the Chinese leadership is as serious as we are in ensuring peace and tranquility on the border," he said.
To a question on granting China a liberal visa regime, which got bogged down after Beijing's issuance of stapled visas to two sportspersons from Arunachal Pradesh, the prime minister said he hoped that both can "find a workable mechanism to realise that goal".
According to a source, the Indian cabinet had been poised to approve an agreement for a liberal visa regime for China for its businesspersons ahead of the prime minister's Oct 20-24 visit, but decided to go slow on the process after the stapled visa issue came up.
The prime minister termed the India-China agreement on transborder rivers as "an incremental progress".
"They have agreed to supply data for more number of days. Also they have recognised that the behaviour of the trans-border river system is of interest to all riparian states. So, our concerns have been put on the table. I hope there will be progress in years to come."
To a question on the concerns voiced by both countries on terrorism and radicalism emanating from the region, the prime minister said he found "growing recognition" among both Russia and China that "terrorism is a threat to all the countries of the region and that terrorism and extremism are both enemies of progress, that we must work together, pool our intelligence and information system to deal with the menace".

DR Congo president says to form national unity govt.



The Democratic Republic of Congo (DR Congo)'s President Joseph Kabila has announced he will soon form a government of national unity to include members of the opposition and civil society groups.

"A national unity government will be formed soon," he said when briefing parliament on Wednesday on the recommendations formulated during the National Consultative Forum organized last month.

"Its mission will be to restore peace and state authority across the country, consolidate national unity, support the devolution process and organization of elections as well as improve people's social conditions," Kabila said.

He reiterated that a national committee will be set up to monitor the implementation of all the recommendations that emanated from the National Consultative Forum.

The committee will have a one-year mandate that is renewable and will be placed under the authority of the two speakers of parliament.

In his speech to parliament, Kabila said members of the national unity government will be required to declare their wealth before taking their office.

On the social front, Kabila expected the new government to come up with a better national policy on education of disabled children, protection of orphans, the elderly and the vulnerable.

In the economic sector, he wished the new government adopt measures to boost agriculture, small and medium-sized enterprises, put in place a national economic council and implement measures aimed at ensuring that only Congolese nationals engage in small scale businesses.

The National Consultative Forum brought together about 800 participants representing various social and political groups to discuss how to promote national cohesion, which is essential for resolving the different crises in the Central African country.

Monday, 21 October 2013

Nigeria: World Bank Plans Universal Access to Banking Facilities By 2020 (VANGUARD)


At a major forum convened by the World Bank Group at the just concluded IMF/World Bank Group Annual Meetings in Washington DC, bankers, financial leaders and government functionaries of member countries set a goal of achieving universal financial access by 2020 as a way to accelerate economic progress and reduce extreme poverty.
The leaders at the forum included Nigeria's Coordinating Minister of the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala.
According to the World Bank spokesman for Africa, Agustin Castro, the goal is of utmost importance since 2.5 billion adults worldwide are 'un-banked' and almost 200 million micro to medium enterprises in developing economies lack access to affordable financial services and credit. This, he said, the bank considers as a major obstacle to reducing poverty levels and create much needed new jobs.
Also, the Minister of Finance, Dr. Okonjo Iweala, told journalists attending the meeting at a post annual press briefing that Nigeria has secured a $1.4billion support facility from the World Bank to speed up the development of the power sector and infrastructure in Nigeria. She said "The World Bank has pledged to support Nigeria's power sector and infrastructure development with about $1.4 billion. The World Bank is planning to set up a global infrastructure facility and Nigeria would be among the first countries to benefit considering its population and infrastructure needs."
According to the World Bank Group "More than 50 countries have now made commitments to financial inclusion targets. "If they fulfill their commitments, if other countries also set bold targets, and if the private sector responds by unleashing its resources and know-how - then we can reach universal access by 2020," said Kim.
In a dialogue with Her Majesty Queen Máxima of the Netherlands - who is the United Nations Secretary General's Special Advocate for Inclusive Finance for Development and the Honorary Patron of the G20 Global Partnership for Financial Inclusion - Kim noted that financial inclusion can be a powerful accelerator of economic progress, and can help achieve the World Bank Group's goals of eliminating extreme poverty and building shared prosperity.
The importance of universal access to financial services was also emphasized by Queen Máxima who pointed out that every person and every business in any country deserves that opportunity. The priority of broadening financial inclusion to individuals and small businesses globally was underscored by a panel of government and business leaders.

At a major forum convened by the World Bank Group at the just concluded IMF/World Bank Group Annual Meetings in Washington DC, bankers, financial leaders and government functionaries of member countries set a goal of achieving universal financial access by 2020 as a way to accelerate economic progress and reduce extreme poverty.
The leaders at the forum included Nigeria's Coordinating Minister of the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala.
According to the World Bank spokesman for Africa, Agustin Castro, the goal is of utmost importance since 2.5 billion adults worldwide are 'un-banked' and almost 200 million micro to medium enterprises in developing economies lack access to affordable financial services and credit. This, he said, the bank considers as a major obstacle to reducing poverty levels and create much needed new jobs.
Also, the Minister of Finance, Dr. Okonjo Iweala, told journalists attending the meeting at a post annual press briefing that Nigeria has secured a $1.4billion support facility from the World Bank to speed up the development of the power sector and infrastructure in Nigeria. She said "The World Bank has pledged to support Nigeria's power sector and infrastructure development with about $1.4 billion. The World Bank is planning to set up a global infrastructure facility and Nigeria would be among the first countries to benefit considering its population and infrastructure needs."
According to the World Bank Group "More than 50 countries have now made commitments to financial inclusion targets. "If they fulfill their commitments, if other countries also set bold targets, and if the private sector responds by unleashing its resources and know-how - then we can reach universal access by 2020," said Kim.
In a dialogue with Her Majesty Queen Máxima of the Netherlands - who is the United Nations Secretary General's Special Advocate for Inclusive Finance for Development and the Honorary Patron of the G20 Global Partnership for Financial Inclusion - Kim noted that financial inclusion can be a powerful accelerator of economic progress, and can help achieve the World Bank Group's goals of eliminating extreme poverty and building shared prosperity.
The importance of universal access to financial services was also emphasized by Queen Máxima who pointed out that every person and every business in any country deserves that opportunity. The priority of broadening financial inclusion to individuals and small businesses globally was underscored by a panel of government and business leaders.

NNPC Denies Stopping Importation of Petroleum Products, Articles | THISDAY LIVE

NNPC Denies Stopping Importation of Petroleum Products, Articles | THISDAY LIVE