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Economic Growth to Decline to 3.7% in Sub-saharan Africa in 2022-W’Bank

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The World Bank says economic growth in Sub-Saharan Africa (SSA) is expected to decline to 3.7 per cent in 2022 as against 4.2 per cent recorded in 2021.


This is according to the World Bank’s latest Global Economic Prospect Regional Outlook on Sub-Saharan Africa Report released on Tuesday.


According to the report, following a rebound of 4.

2 per cent in 2021, growth in SSA has weakened this year as domestic price pressures partly induced by supply disruptions owing to the war in Ukraine.
“This has led to a reduction in food affordability and real incomes, especially in low-income countries (LICs).

The report showed that growth in the three largest SSA economies, Angola, Nigeria, and South Africa, was an estimated 3.8 per cent in 2021 supported by the 4.9 per cent rebound in South Africa.


“Growth momentum carried on in Angola and Nigeria, where high oil prices, the stabilisation of oil production, and recovery in non-resource sectors supported activity in the first half of this year.


“Nevertheless, persistently high domestic inflation, power cuts, and shortages of food and fuel have been weighing on recoveries.”


The report said that in some countries, debt distress, policy uncertainty, social unrest, and violence still hampered recoveries, especially in fragile and conflict-affected LICs.
The report said that surging food and fuel import bills could also reverse recent progress in poverty alleviation across the region.


According go the report, especially in countries where vulnerable populations are large, such as Nigeria and dependence on imported food was high.


The report said the risks to the outlook in the region were mostly to the downside.
It said a prolonged disruption to global trade in cereals and fertilizer due to the war in Ukraine would significantly worsen affordability and availability of staple foods across the region.
“In addition, insecurity and violence pose a threat to the outlook, especially in LICs, while rapid increases in living costs risk escalating social unrest.


“A faster-than-expected slowdown of the global economy, which could be triggered by the accelerated policy tightening in advanced economies and the global resurgence of the COVID-19, would hurt many SSA commodity exporters.


“Finally, persistent domestic inflation could speed up monetary policy tightening, escalating stagflation risks across the region.” (NAN)

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Egypt Signifies Investment Interest in Nigeria’s CNG Industry

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Egypt’s Natural Gas Vehicles Company (Cargas) has launched ambitious plans to explore expansion opportunities into the Nigerian market and participate in national initiatives aimed at expanding

Compressed natural gas (CNG) utilization and “Transferring the company’s expertise and pioneering experience in this field,”

Egypts Ministry of Petroleum and Mineral Resources (MoPMR), announced the plan after a team from Cargas visited Nigeria.

The visit comes in line with the directives of Karim Badawi, Minister of Petroleum and Mineral Resources, to strengthen regional and international cooperation and to open new horizons for Egyptian petroleum sector companies in the African markets.

During the visit, Ekperikpe Ekpo, Nigerian Minister of State for Petroleum Resources (Gas), received Mohamed Fouad, Egypt’s Ambassador to Nigeria, alongside the Cargas delegation to formulate mechanisms for enhancing bilateral cooperation in natural gas applications, focusing heavily on CNG deployment in the transportation sector.

Ekpo noted that achieving the ambitious milestones of Nigeria’s presidential initiative to expand CNG utilization requires building robust partnerships and exchanging technical and operational know-how. Furthermore, the minister praised Egypt’s sustained success in converting vehicles to run on natural gas and valued the readiness of the Egyptian government and Cargas to support the Nigerian market through essential technology transfers, according to the statement.

In line with these strategic objectives, the Cargas delegation held a series of intensive meetings with multiple regulatory bodies and institutions supervising Nigeria’s energy and transportation sectors.

These include the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the National Automotive Design and Development Council (NADDC), and the Nigerian Content Development and Monitoring Board (NCDMB).

The sessions produced initial plans for retail station infrastructure, CNG conversion centers, local component manufacturing, and training programs to support natural gas integration across transport networks

Founded in 1995 as Egypt’s first dedicated CNG automotive company, Cargas held a 41 per cent share of the market in 2025, supported by a nationwide network of 56 conversion and maintenance centers.

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Security Expert, Jackson Ojo Lauds Tinubu Over Appointment of Homeland Security Adviser

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By Mike Odiakose, Abuja
A security expert and executive protection specialist, Dr Jackson Lekan Ojo, has applauded President Bola Tinubu over the creation of the Office of Special Adviser on Homeland Security.

In a statement made available to journalists, Dr Lekan Ojo also commended that choice of Maj Gen Adeyinka Fadewa (retd), as Special Adviser to the President on Homeland Security.

According to him, “This step signals a clear commitment to strengthening internal security coordination, enhancing intelligence-driven operations, and improving inter-agency collaboration at a time when Nigerians are demanding safer communities and more responsive governance.

“I also acknowledge and appreciate the appointment of Maj Gen Adeyinka Fadewa (retd), a highly decorated officer with over three decades of experience in military and intelligence operations, counter-terrorism, and national security strategy.

“His role in establishing the Intelligence Fusion Centre at the Office of the National Security Adviser demonstrates his capacity for high-level coordination and strategic planning.”

He, however, Lekan Ojo suggested Nuhu Ribadu and Adeyinka Fadewa should swap positions due to their different areas of specialisation.

“In the spirit of constructive nation-building and to ensure maximum impact from this new architecture, I respectfully advise a strategic swap of roles to align expertise with mandate: Appoint NSA Mallam Nuhu Ribadu as Special Adviser on Homeland Security.

“As a retired Deputy Commissioner of Police and former Chairman of the EFCC, Mallam Ribadu brings deep experience in policing, internal security, law enforcement coordination, and civil-security relations. Homeland security is fundamentally about managing domestic threats, policing, civil unrest, and inter-agency cooperation at the community level. This aligns directly with his professional background.

“Appoint Maj Gen Adeyinka Fadewa (retd) as National Security Adviser.*
With his extensive military career, experience as Principal General Staff Officer to the NSA, and leadership in intelligence fusion and national security strategy, Gen Fadewa is well-positioned to manage the broader national defense and external security landscape at the strategic level.

“This realignment is not a criticism of any individual, but a recommendation to match skillsets to roles for optimal results. The right person in the right seat will accelerate policy execution, improve synergy between security agencies, and give Nigerians the confidence that both internal and external threats are being addressed with the right expertise.

“I believe that such a move will strengthen the administration’s security architecture and deliver the tangible results Nigerians expect on security and stability.”

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Auto360 Nigeria Graduates New Generation of Skilled Mechanics, Sends Trainees to Industry Internships

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By David Torough, Abuja

Auto360 Nigeria Limited has celebrated the graduation of its latest cohort of automobile trainees, marking the end of an intensive technical training program and the beginning of industry internships for the newly skilled mechanics.

The ceremony highlighted the collaborative effort behind the initiative, which was supported by the Federal Government through the Federal Ministry of Education Nigeria under the TVET IDEAS Project, alongside the World Bank.

The Managing Director and CEO of Auto360 Nigeria Limited, Dr.

Paul Ubwa, expressed appreciation for the investment in skills development.

He also acknowledged the role of Bola Ahmed Tinubu, noting that government backing for vocational education is helping to build a capable workforce for the country’s growing automotive sector.

According to Dr. Ubwa, the graduating trainees have undergone a significant transformation—from having little knowledge of vehicle systems to becoming capable of diagnosing faults, using modern scan tools, and explaining technical issues to customers.

He emphasized that beyond technical skills, the trainees were also equipped with discipline, teamwork, and a commitment to professional standards.

“As you step into internships, you will face real-world challenges—new workshops, demanding customers, and evolving vehicle technologies,” he told the graduates. “Stay curious, maintain strong character, and uphold the standards you have learned here.”

The graduates are expected to begin internships across various automotive workshops, where they will gain hands-on experience in an industry increasingly shaped by new technologies such as hybrid and electric vehicles.

Dr. Ubwa urged the trainees to act as ambassadors of the institution and its partners, reminding them that their performance would reflect not only on Auto360 but also on the broader national effort to strengthen technical education.

The event concluded with a charge to the graduates to demonstrate that Nigerian mechanics can compete globally by delivering quality service, solving complex problems, and building sustainable careers.

The Auto360 Class of 2026 now enters the workforce with what the company describes as “skill in their hands, knowledge in their heads, and grit in their hearts.”

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