Connect with us

Business

FG Commits to Total Carbon Reduction – Minister Says

Published

on

The Minister of Innovation, Science, and Technology, Uche Geoffrey Nnaji, has reiterated the Federal Government’s commitment to achieving zero poverty, zero unemployment, and zero net carbon emissions.

The Minister sated this at the United Nations General Assembly (UNGA) High-Level Side Event on Social Business, Youth, and Technology, saying that Nigeria is adopting the use of methanol as a renewable energy source to significantly reduce carbon emissions while stimulating economic growth.

This was disclosed by Minister Nnaji in a statement on Monday signed by Felix Ale, the Director of Media and Corporate Communications at the National Space Research and Development Agency.

According to him the initiative aligns with the global Sustainable Development Goals and emphasises the transformative potential of technology and youth-led innovation.

Discussions at the event focused on the vital role of innovation in advancing the Sustainable Development Goals (SDGs) and addressing issues like climate change and unemployment.

The Minister reiterated Nigeria’s support for Professor Yunus’s “Three Zeros” vision: zero poverty, zero unemployment, and zero net carbon emissions. He emphasized Nigeria’s commitment to utilizing technology to stimulate economic growth and reduce unemployment, notably through the adoption of methanol as a renewable energy source to lower carbon emissions, in line with SDGs 7 and 13.

“Our commitment to reducing carbon emissions and increasing access to clean energy is part of a broader strategy to combat climate change while promoting inclusive economic growth.” The Minister stated.

He also emphasized on the need for international collaboration to drive sustainable development and climate action.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Abuja Reports

Abuja: Tinubu, Akpabio Lead Talks on Real Estate Reform

Published

on

By Ekaete Bassey

President Bola Ahmed Tinubu and Senate President Godswill Akpabio are billed to headline the 55th Annual National Conference and Annual General Meeting of the Nigerian Institution of Estate Surveyors and Valuers (NIESV), in Abuja.

The week-long event, themed “Transform, Invest, Thrive: Optimising Real Estate Finance and Taxation,” will run from May 5 to 10 at the Abuja Continental Hotel.

A statement by NIESV’s National Publicity Secretary, ESV Richard Olodu, confirmed Tinubu will serve as the special guest of honour, while Akpabio will attend as guest of honour.

The conference aims to chart a transformative path for real estate development through deeper fiscal reforms and investment strategies.

Also expected at the high-powered gathering are Minister of the Federal Capital Territory, Nyesom Wike; Minister of Housing, Ahmed Dangiwa; and Minister of Finance, Wale Edun.

Chairman of the Federal Inland Revenue Service and Presidential Adviser on Revenue, Dr. Zacch Adedeji, will deliver the keynote address, expected to dissect current tax policies and their impact on property financing.

NIESV President, ESV Victor Adekunle Alonge, has extended an open invitation to estate professionals, public sector leaders, investors and diaspora stakeholders to partake in what he described as a defining moment for Nigeria’s real estate sector.

The conference is projected to offer insights capable of unlocking economic growth, with real estate positioned as a strategic anchor.

Continue Reading

Business

Jubilation as MTN, Kogi End Tax Row

Published

on

By Adenike Lawal

Full telecom services have returned across Kogi State following the resolution of a prolonged dispute between MTN Nigeria and the Kogi State Government.

The disagreement, which had forced a shutdown of several network masts, disrupted connectivity for weeks, leaving businesses and residents frustrated.

Traders and digital service users, particularly in Lokoja, were hit hard by the blackout.

Gbenga Adebayo, Chairman of the Association of Licensed Telecoms Operators of Nigeria, confirmed that the matter has been amicably settled and that service providers can now operate without hindrance.

The shutdown stemmed from claims by the Kogi State Utility Infrastructure Management and Compliance Agency that MTN failed to meet regulatory requirements and had outstanding taxes related to its fibre optic network.

With the standoff now resolved, both parties have agreed to a compliance framework to avert future service interruptions.

The resolution has brought much-needed relief to thousands who rely daily on digital access for communication and business.

Continue Reading

Business

Nigeria’s Cotton Industry Set to Reap $90bn by 2035

Published

on

By Ifeoluwa Odunayo

Nigeria’s cotton industry is poised for a major resurgence following the approval of the Cotton, Textile, and Garment Development Board (CTGDB) by the National Economic Council (NEC).

The initiative, a key part of the government’s economic strategy, is expected to generate up to $90 billion by 2035.

Funded through the Textile Import Levy from the Nigeria Customs Service, the CTGDB will be based in the Presidency.

While Nigeria has the potential to grow cotton in 34 states, current production remains low at just 13,000 metric tons annually.

The new plan aims to revive the industry, reduce textile imports, and create jobs, marking a significant step towards economic diversification.

Continue Reading

Trending