NEWS
COP29 Fallout: HOMEF, CAPPA, Others Insist On $8trn Climate Reparation
From Attah Ede, Makurdi
African Civil society organisations (CSOs) including Corporate Accountability and Public Participation Africa (CAPPA) and Health of Mother Earth Foundation (HOMEF), have doubled down on their demand for up to $8trillion annually as climate change reparations from industrialised nations to the Global South.
In the outcome of the recently concluded COP29 climate talks and the way forward, the CSOs reasoned that the reparations payment would end the squabbles over climate finances. The groups in a statement in Makurdi, backed the United Nations Framework Convention on Climate Change (UNFCCC)’s Common But Differentiated Responsibilities (CBDR) which requires rich and highly polluting nations that contributed disproportionately to greenhouse gases in the atmosphere to own up to their historical responsibility, cut emissions at source and provide finance to help vulnerable nations that have not significantly contributed to the climate crisis.The Conference of Parties (COP) of the UNFCCC held its 29th session in Baku. Azerbaijan on 10-24 November 2024.Tagged a Finance COP, poor, vulnerable nations were hopeful it would result in a reasonable climate finance deal, especially because the Loss and Damage mechanism agreed to at COP27 in Egypt was endorsed at COP28 in the United Arab Emirates (UAE).Rather, the CSOs said COP29 “failed spectacularly on the finance note and the leader of the Nigerian delegation rightly called the minuscule amount offered an insult. We applaud the Director-General of the Nigerian Climate Change Commission (NCCC) for her forthright submission.”HOMEF’s Executive Director, Nnimmo Bassey, said: “Scientists inform us that 2024 is the hottest year on record. The year has also recorded a high number of disastrous weather events.”The groups faulted the policy of nationally determined contributions (NDCs) – commitments that countries make to reduce their greenhouse gas emissions as part of climate change mitigation – reached at the Paris talks in 2015.They argued that Emissions Gap reports issued by the United Nations Environment Programme (UNEP) in 2023 and 2024 “clearly show that if nations carry out their NDCs, the world will experience temperature increases far above the 1.5C and 2.0C targets set by the Paris Agreement.”They said COP 29 came up with “a miserly $300 billion which would come into effect in 2035. The COP ignored the call of vulnerable nations, global civil society and Indigenous peoples for rich and historically responsible nations to Pay Up and to do so in Trillions not Billions.“Another concern is that even the promised $300 billion may come through so-called innovative financial sources that include loans and would increase the already huge debt burdens of the poor countries.“Climate finance can readily be raised by redirecting funds from military expenditure that saw rich nations spend up to $2.4 trillion in 2023. Halting fossil fuel subsidies and holding polluters accountable would raise more than $5 trillion annually. So, the problem is not a lack of cash, but a matter of priority.”They also condemned the developing world’s acceptance of carbon markets to combat climate change, describing it as a false solution that provides a lifeline for polluters and fossil fuel companies who could now buy the license to continue polluting.In another instance, they warned against what they described as “Carbon Colonialism”, saying the African continent is being exposed to land grab, whereby “some countries have mortgaged their forests to carbon speculators with some ceding up to 10 and 20 per cent of their total land mass.“In Nigeria, there is a rise of speculators grabbing hundreds of thousands of mangrove forests to enable the so-called investors to trade in blue and other colours of carbon. A particularly worrisome note is the plan of Niger State to give 16% of its land mass to a Brazilian meat packaging company which will inevitably have dire socioeconomic-economic as well as climate consequences.”As for the way forward, the group made 14 recommendations, including “community-led solutions to halt pollution at the source ensure the sovereignty of our peoples over their forests, water bodies and general territories.NEWS
Tinubu Seeks Senate Approval for N757bn Bond to Settle pension Arrears

President Bola Tinubu has requested the Senate’s approval for the issuance of a N757 billion Federal Government bond to settle outstanding pension liabilities accrued as of Dec. 2023.Report says that Tinubu made the request in a letter addressed to the President of the Senate, Godswill Akpabio, which was read at plenary on Tuesday.
In the letter, the president stated: “I write to request the approval of the National Assembly for the issuance of a Federal Government of Nigeria bond in the domestic debt market by the Debt Management Office (DMO). ”The bond is intended to settle pension liabilities under the Contributory Pension Scheme (CPS) as of Dec. 2023.Tinubu explained that the Pension Reform Act 2014 mandated setting aside five per cent of the nation’s monthly wage bill to clear past pension liabilities before the commencement of the CPS.“However, due to revenue challenges, Nigeria has struggled to comply fully with this provision, leading to an accumulation of pension arrears.“To address this, the government has decided to raise funds by issuing the bond in the domestic debt market.“The Federal Executive Council approved the bond issuance during its meeting on Feb. 4.”The president said the request aligned with Section 44(1)(2) of the Fiscal Responsibility Act 2007, which required National Assembly approval for all new federal government borrowings.He described the proposed bond as a vital investment in human capital development.“It will enable the federal government to meet its obligations under the CPS, restore confidence in the pension industry, and improve retirees’ welfare,” Tinubu said.He added that settling pension arrears would help retirees meet basic needs such as medication, rent, school fees, and other family expenses, thereby improving their health and reducing premature deaths.The president also noted that clearing pension liabilities would boost productivity, improve morale among public servants, and demonstrate the government’s commitment to fulfilling pension obligations.Furthermore, Tinubu said the settlement could stimulate aggregate demand, spur economic growth, and enhance liquidity in the economy.He acknowledged, however, that the bond issuance would increase Nigeria’s public debt stock and raise debt servicing costs.(NAN)Education
We will Capture Out-of-school Children in Our Education Programmes – Enugu Govt

The Enugu State Commissioner for Education, Prof Ndubueze Mbah We will Capture Out-of-school Children in Our Education Programmes – Enugu Govt says the state government will redouble efforts to capture out-of-school children in its programme.
The commissioner gave the assurance on Tuesday in Enugu during the celebration of the 2025 Children’s Day held at the Nnamdi Azikiwe Stadium, Enugu.
Mbah said that the state was working in collaboration with community and faith- based institutions to ensure that no child was neglected or forgotten.
He encouraged them to be calm as they were not forgotten noting that they would be remembered through inclusive education programmes.
Mbah said that education was their right adding that the present administration was committed to making it a reality for them.
He, however, said that every child irrespective of status, gender, location or ability was valued and their welfare would be taken into consideration.
He said that they deserved to grow in a safe, nurturing environment with opportunities to dream and become successful as this administration would continue to protect their rights, well-being, and empower them through education, healthcare, and innovation.
“As we celebrate international children’s day today, remember that you are the leaders of tomorrow.
“Let your voices be heard, your talents be seen, and your dreams shall come through.
“To our school children, we commend your efforts, resilience, and passion for learning. You are the builders of the Enugu State.
“Government investments in smart schools, teacher training, digital tools, and innovation are for you to be equipped with skills for a future that has already begun,” he said.
In the same vein, the Secretary to Enugu State Government, Prof. Chidiebere Onyia, encouraged every child in the state to remain focused and work hard to attain their desired goal.
Onyia said that with the introduction of Smart Schools in 260 political wards of the state, every child in the state would soon compete with their counterparts globally.
He emphasised that the administration had investment heavily in education sector to ensure that both privileged and non privileged children are equipped with basic skills and knowledge.
The event featured march past by various public and private primary and secondary schools in the state. (NAN)
NEWS
NAFDAC Burst Fake Drugs Factory in Delta

National Agency for Food and Drug Administration and Control (NAFDAC) has bursted a fake drug factory in an uncompleted three storey building at Azagba Ogwashi in Aniocha LGA in Delta.The NAFDAC Director, South – East Zone, Dr Martins Iluyomade disclosed this at a press briefing in Asaba on Tuesday.
He said that the agency would consider the option of seizing any building used for illicit drug manufacturing and relabelling of expired drugs. ”I feel very sad for our country, and the kind of things that are playing out.“Only God knows how many people have died from consumption of the illicit drugs produced by these merchants who are looking for money at all cost.” They are perpetrating these heinous crimes using all manners of avenue including inciting the public against what NAFDAC is doing.“They are even using their ill gotten money after killing a lot of people. Nigerians need to be very vigilant.”According to Iluyomade, the prime suspect, one Ekene Igwe, now at large is one of the major traders at Ogbo-Ogu at Bridge Head drug market in Onitsha, Anambra.He said the suspect and his wife, one Blessing Igwe had been together in this illicit drug business.“What these drug merchants have done since they knew that Ogbo- Ogu market is no longer safe for their illicit drug business, they have moved out to neighbouring places like Asaba in uncompleted buildings, relabelling injectable that expired far back seven years ago.“This issue of illicit drug business has been on for several years, and there has not been any solution. This time, NAFDAC is coming forward with solution to make sure that Nigerians are safe, and we are able to safeguard the health of the public,” Iluyomade said.While displaying the drugs, Mr Babatunji Omoyeni, Deputy Director, NAFDAC Investigation and Enforcement, Federal Taskforce, South-South and South-East, said the agency successfully tracked a drug shop at Ogbo-Ogu, where illicit drugs produced are sold to unsuspecting buyers.According to Omoyeni, the seizures at the illicit drug factory included a big drum containing vials soaked in liquid substance and adulterated drugs.“They are rebranding expired drugs including large quantity of chloroquine phosphate 322 mg/5ml, petazine injection 50mg/2ml, gentamycin injection 280mg/2ml and many other contraband injectable with new labelling.”He said the agency recorded the breakthrough following a tip off from concerned members of the publicOmoyeni, said efforts were being intensified to track the prime suspect, adding that his wife has been apprehended and arraigned before a competent court for trial and prosecution over her level of involvement in the illicit drug business.Report says that NAFDAC displayed the fake drugs and printed packs of drugs-injections while journalists were taken to the building housing the fake drug factory in Azagba-Ogwashi in Asaba Capital Territory.According to NAFDAC, the injectables recovered from the three storey building include eight packs of expired chloroquine phosphate which expired August 2018. “35 amps of engometrin that expired in July 2020, 30 amps of petazine, 70 amps of gentamycine, 200 packs of unexpired chloroquine phosphate, 35 amps of engometrin.“Also displayed were 50 amps of promethazine, 3000 amps of unidentified injection wrapped with papers, 1300 printed packs of drugs ( injection), 2 sets of generator and 1 drum containing nails soaked in liquid substances.(NAN)