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COVID – 19: Vaccines, Tests, Treatment to Gulp $30bn Globally – WHO

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By Martin Paul, Abuja

The World Health Organisation (WHO) said yesterday that over $30 billion would be needed globally over the next year to speed up the development and production of COVID-19 tests, vaccines and treatments.

The global body said: “The costed plans presented today call for $31.

3 billion in funding”, but so far, only $3.
4 billion had been pledged, thus additional $27.
9 billion is needed over the next 12 months.

This revelation was made ahead of a major pledging event in Brussels in support of the ACT accelerator, set to take place today.

Special envoy for the ACT accelerator, Ngozi Okonjo-Iweala , said at the virtual briefing that “this is an investment worth making If we don’t rally now, the human costs and the economic pains will deepen.

“Though these numbers sound big, they are not when we think of the alternative. If we spend billions now, we will be able to avoid spending trillions later. “The time to act is now, and the way to act is together.”

Her observation came as the world counts nearly 490,000 deaths from COVID-19 and over 9.6 million cases since the new coronavirus emerged in China late last year.

 She noted that the funds requested should make it possible “to deliver 500 million tests and 245 million courses of treatment to low and middle-income countries by mid-2021.

They also aim to deliver two billion vaccine doses by the end of next year, of which half will go to low and middle-income nations.

WHO boss, Tedros Adhanom Ghebreyesus said at the briefing:  “It’s clear that to bring COVID-19 under control, and to save lives, we need effective vaccines, diagnostics and therapeutics in unprecedented quantities and at unprecedented speed”.

 “Separate teams are racing to roll out reliable tests, find safe and effective vaccines and treatments for the novel coronavirus, and prepare for large-scale manufacturing”, he said.

He, however, stressed that a core principle of the initiative is to ensure equal access for all.

“Vaccines, diagnostics, and therapeutics are vital tools, but to be truly effective they must be administered with another essential ingredient, which is solidarity”, Ghebreyesus said.

Abia Residents Adamant Over Virus – Health Commissioner

Meanwhile, Abia state Commissioner for Health, Dr Joe Osuji, has lamented that the major problem confronting the fight against COVID-19 in the state is people’s disbelief that the virus is real.

Osuji made the observation yesterday with the News Agency of Nigeria (NAN) in Umuahia.

The commissioner regretted that the people rather believed that the state government was using it to collect money from the Federal Government or donor agencies.

“But it is not true. The truth is that COVID-19 is real and it has come to stay with us. So we have to be extremely careful in its containment,” he said.

He said that a lot of people were being tested now following the installation of COVID-19 test laboratory in the state.

The commissioner said that four testing machines had already been installed, while 16 more would be installed by next week.

NAN reports that the machines were installed during the week at the General Hospital, Amarachara, one of the testing centres in the state.

“Since we have a testing centre, the other one will be ready by next week at Aba, we can now take samples anyhow and test anyhow and collect our results immediately,” he said.

Osuji ruled out the possibility of random testing as suggested by some people, saying that patients had to be examined before the sample collection.

“We are having cases now in the state because we are testing a lot of people now,’’ he said.


Chinese company donates items to UBTH


In a related development,  a  Chinese firm operating in Benin City, Edo state, Yongxing Steel Company, yesterday donated several COVID-19 management equipment to the University of Benin Teaching Hospital.

The donation is to encourage medical doctors and health workers managing COVID-19 patients to continue to do their best in managing the crisis.

Public Relations Officer of the company, Isaac Olufemi, said the essence was to make sure COVID-19 patients were given better treatment.

“UBTH is a major place where COVID -19 patients are isolated and treated. That is why we donated this anti-virus materials to them.

 “We are not just doing it for fun, we are doing it because people are coming here to receive treatment and many of them don’t have money. UBTH is where most of our staff received treatment. Our aim is to work with them because this is where the isolated centre is located. Is a fight for one, and one for all”, he said.

Items donated included face masks, protective gloves, protective clothing, thermometer, hand sanitizers, disinfectant and others. 

Isaac said the company has also donated similar equipment to several organizations, communities and groups across the state adding that the company would continue to do more to check the spread of the virus.

The Chief Medical Director of UBTH, Prof. Darlington Obaseki, commended the company for the donation of the materials, saying: “We really appreciate these goods and equipment donated to us by Yongxing Steel Company.

“This will help to protect our patients and staff. We see it as part of corperate social responsibility and we want other corperate organizations and individuals to emulate Yongxing Steel company. “We want to assure you that these anti-virus materials would be put to proper use for the benefit of our patients and staff”.

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Another Blackout as National Grid Collapses Second Time in Two Days

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By Mike Odiakose, Abuja

As Nigerians await full power restoration, the national grid has collapsed once again.The national grid collapsed on Tuesday, marking the 10th such incident since January 2024.It was confirmed that, as of 11 am on Thursday, the 22 power plants were only able to generate 2,323 megawatts of electricity, with generation dropping to 0.

00MW.
The peak generation for the day was 3,743MW as of 10 am.
The Ikeja Electricity Distribution Company reported a power outage at 11:29 am.“Dear Esteemed Customer, please be informed that we experienced a system outage today, 7 November 2024, at 11:29 hrs, affecting supply within our network.“Restoration of supply is ongoing in collaboration with our critical stakeholders.
Kindly bear with us,” IKEDC said.The Transmission Company of Nigeria has yet to provide an update on the incident at the time of this report which marks the 11th of such occurrences in 2024.The country recorded more than 93 cases of grid collapse during the eight-year administration of former President Muhammadu Buhari from 2015 to 2023.This persistent grid collapse has led to frequent blackouts, impacting businesses and daily life across the country.Nigeria had, in the past decade, secured about 10 loans totaling about $4.36bn from the World Bank to address challenges in the sector but there has not been any significant improvement even with additional funds from multilateral and donor agencies.This has heightened speculations that a sizable chunk of the loans may not have been disbursed for the purposes for which they were obtained.The frequent fluctuations in power supply have continued to take a toll on industrial and domestic consumers leaving frustration and low productivity in the aftermath.The Bola Tinubu administration has continued to seek additional World Bank loans, securing $1.901 billion in new funds since he assumed office in June 2023.The administration has also been making frantic efforts to expand the nation’s energy options through renewable energy projects.The government has also initiated massive solar energy extension, especially to rural communities across the country to bridge the gaping power gaps.With a population estimated to be more than 200 million, Nigeria has not been able to exceed 5000 Megawatts at any period in the past 10 years despite assurances by successive administrations.More disturbing to Nigerians is the astronomical increase in electricity tariffs across the board, peaking above 400 percent with the last hike that was affected earlier in the year.

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FG Defends CNG Vehicle Safety Amid Malaysia’s Phase-out plan

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By David Torough, Abuja

The Presidency has sought to allay concerns regarding the safety of Compressed Natural Gas-powered vehicles, recently introduced in Nigeria as an alternative to petrol-powered cars.The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, dismissed these fears in a post on X on Thursday while responding to reports on Malaysia’s plan to phase out CNG-powered vehicles by 2025.

The Malaysian government announced plans to phase out CNG vehicles and end the sale of natural gas vehicles by July 2025.
According to local media sources, Malaysia’s Minister of Transport, Anthony Loke, made this announcement at a press conference on Monday.
He explained that the decision was intended to protect road users and the public from the potential hazards posed by ageing CNG tanks.Loke was quoted as saying, “These NGV tanks have a safe usage lifespan of approximately 15 years, and if they are not replaced, they become unsafe to use and may fail at any time.” From July 1, 2025, CNG-powered vehicles will no longer be registered or allowed to operate in Malaysia.However, Onanuga clarified that Malaysia’s policy was focused on the safety of Liquefied Petroleum Gas (LPG), not CNG.He added that Nigeria chose CNG specifically for its safety and cost-effectiveness, with plans underway to develop domestic tank manufacturing capacity.Onanuga wrote, “Some clarification on Malaysia’s plan to phase out CNG-powered vehicles:“The Malaysian issue relates to the safety of LPG, not CNG. In the original report, Transport Minister Anthony Loke stated, ‘There are also some car owners who have modified their vehicles using liquefied petroleum gas (LPG) cylinders, which are very dangerous.’“NGV covers both CNG and LPG. Nigeria, in its transition, has adopted CNG only, not both, due to valid safety and cost concerns regarding LPG.”Onanuga further noted, “Malaysia’s programme for CNG-powered vehicles struggled, achieving only a 0.2% conversion rate over 15 years. By contrast, nations like India, China, Iran, and Egypt have seen considerable success.”He added that Malaysia faced difficulties in replacing 15-year-old tanks due to limited manufacturing capacity, while Nigeria, in its first year of adopting CNG, is already addressing this.Malaysia introduced CNG for taxis and airport limousines in the late 1990s, while Nigeria began its own CNG initiative in 2024 as an alternative transportation fuel.

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Zenith Bank Upgrades Infrastructure, Assures of Exceptional Service

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By David Torough, Abuja

Zenith Bank Plc has assured its teeming customers of exceptional service delivery and improved customer experience following the successful completion of its Information Technology Infrastructure Upgrade.

The Group Managing Director/Chief Executive of the bank, Dr.

Adaora Umeoji in a statement expressed her immense gratitude to all customers of the bank for their patience and support during its recent IT infrastructure migration to a new and more robust operating system.

Umeoji emphasized that the bank was committed to delivering unparalleled service experience, saying “We undertook such an extensive endeavor in other to better position Zenith Bank Plc for improved service delivery to all our valued customers and provide memorable banking experiences at all our touchpoints,” adding that the bank now has one of the best technology infrastructure in the Nigerian banking industry, and is well positioned to ensure customers experience exceptional service delivery going forward.

Zenith Bank has continued to distinguish itself in the Nigerian financial services industry through superior service offering, unique customer experience and sound financial indices.

The bank has remained a clear leader in the digital space with several firsts in the deployment of innovative products, solutions and an assortment of alternative channels that ensure convenience, speed and safety of transactions.

The bank’s track record of excellent performance has continued to earn the brand numerous awards including being recognised as the Number One Bank in Nigeria by Tier-1 Capital for the 15th consecutive year in the 2024 Top 1000 World Banks Ranking, published by The Banker Magazine. The Bank was also awarded the Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards for 2020 and 2022; and Most Sustainable Bank, Nigeria 2023 and 2024 in the International Banker Banking Awards.

Further recognitions include being recognised as Best Bank in Nigeria for the fourth time in five years, from 2020 to 2022 and in 2024, in the Global Finance World’s Best Banks Awards; Best Commercial Bank, Nigeria for four consecutive years from 2021 to 2024 in the World Finance Banking Awards. Additionally, Zenith Bank has been acknowledged as the Best Corporate Governance Bank, Nigeria, in the World Finance Corporate Governance Awards for three consecutive years, from 2022 to 2024, ‘Best in Corporate Governance’ Financial Services’ Africa for four consecutive years from 2020 to 2023 by the Ethical Boardroom.

The Bank’s commitment to excellence saw it being named the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500 Banking Brands for 2020 and 2021; Bank of the Year for 2023 and 2024, and Retail Bank of the Year for three consecutive years from 2020 to 2022 and in 2024 at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards. The Bank also received the accolades of Best Commercial Bank, Nigeria and Best

Innovation in Retail Banking, Nigeria, in the International Banker 2022 Banking Awards, Bank of the Decade (People’s Choice) at the ThisDay Awards 2020, Bank of the Year 2021 by Champion Newspaper, Bank of the Year 2022 by New Telegraph Newspaper, and Most Responsible Organisation in Africa 2021 by SERAS Awards.

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