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Stakeholders Discuss ESG Strategies At Aspire Coronation Trust (ACT) Foundation’s 7th Breakfast Dialogue

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Non-profit, private and public sector professionals have been advised to adopt Environmental, Social and Governance (ESG) strategies to advance sustainable development and drive impact on the continent of Africa.

This submission was made by sustainability experts at the 7th Breakfast Dialogue organised by the Aspire Coronation Trust Foundation, a grantmaking non-profit organsiation established in partnership with Access Bank, in Lagos recently. The annual event which focused on a growing international conversation on ESG practices brought together policymakers, and industry experts to explore the topic; Advancing Sustainable Development in Africa: The role of Environmental, Social, and Governance Strategies in Creating impact.

In her keynote address, Mrs. Oyeyimika Adeboye, Cluster Director, Mondelez International, West Africa, lamented the huge sustainability gap existing within African businesses due to the absence of ESG policies within organisations and emphasised the need to adopt ESG goals as a fundamental organisational principle and not just a strategy to be adopted.

According to Mrs. Adeboye, “Companies are increasingly adopting ESG not just as a strategy, but as a fundamental principle. Environmental, Social, and Governance considerations are integral to achieving lasting success and making a positive impact. African organisations need to ensure that they are doing the right things as it concerns ESG strategies.”

Highlights of the event include a stimulating Panel Session and Masterclasses where seasoned experts delved into specific aspects of ESG strategies and their impact on the private, public and social sector. The panel session was moderated by Omobolanle Victor -Laniyan, Head of Group Sustainability at Access Holdings Plc and had on it Mudrakat Alabi -Macfroy, Sustainability, Social Impact and ESG Professional (LAWMA); Tiwalade Adeniyi PhD, Sustainability Expert; Professor Kenneth Amaeshi, Professor of Sustainable Finance, European University Institute, Italy; Dr. Eugene Itua, CEO, Natural Eco Capital and Khethiwe Nkuna, Responsible Business Executive at Accenture, Johannesburg, South Africa.

The Masterclasses delved into conversations around Demystifying ESG for Nonprofit and Best Practices for Nonprofits and Social Enterprises in ESG Integration. The sessions were facilitated by Marilyn Obaisa-Osula, Associate Director, ESG and Sustainable Services, KPMG and Dr. Igazeuma Okorogba, Group Head of Sustainable at Dangote Cement Nigeria and Pan Africa.

A major highlight of the event was the award ceremony for the winners of the Changemakers Innovation Challenge, with Solar Sister Nigeria emerging winner, while Goal 3 from Rwanda, and Qubix Robotics from Malawi emerging first and second runner-up respectively.

In her speech, the CEO of Aspire Coronation Trust Foundation, Osayi Alile, noted:

“Every year, we are graced with diverse groups of experts from various sectors and socio-economic backgrounds and this year is no different. Our goal at this year’s Breakfast Dialogue is to help remove boundaries and knowledge limitations and gaps that may be hindering African organisations from significantly contributing to the achievement of sustainable development through the effective implementation of ESG practices, thereby reducing the challenges faced in Africa such as poor health systems, climate change, poverty, food security, youth, and entrepreneurship development. The world is at risk to a great number of challenges if organisations in the public, private and social sectors do not quickly embrace ESG principles and we believe this conversation is the right step in the right direction.”

While describing Aspire Coronation Trust Foundation’s impact over the last six years, she said:

“ACT Foundation has become an undeniable asset to the entire continent. We have achieved this by partnering strategically with over 97 non-profit and social enterprises whose sole purpose is to implement projects across Africa, private and public sector organisations. We remain committed to empowering and securing the future of Africa by furthering sustainable impact, providing enabling and supporting resources to non-profit organisations in the region to strengthen their capacity, thereby catalysing socio-economic development.”

BIG STORY

Reps Kick As Ibas Allocates N24bn For CCTV, N30bn For Gunboats In Rivers’ 2025 Budget

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The ad hoc committee of the house of representatives overseeing Rivers state has criticised Ibok-Ete Ibas, the state’s sole administrator, over certain allocations in the N1.48 trillion 2025 budget.

The senate had approved the N1.48 trillion appropriation bill for Rivers state on June 25.

A breakdown of the budget shows that N120.8 billion is designated for debt servicing, N287.38 billion for recurrent non-debt spending, and N1.077 trillion for capital projects.

At a budget defence session in Abuja on Monday, Julius Ihonvbere, the house majority leader and chair of the ad hoc committee, highlighted several concerns after reviewing the proposal.

Ihonvbere raised questions about the N24 billion set aside for CCTV, the N30 billion allocated for gunboats, and the N23 billion marked as contingency funds. He called for a full explanation and justification of these figures.

He noted that the budget lacked a medium-term expenditure framework (MTEF), which is a statutory requirement.

Ihonvbere also questioned the state’s decision to finance federal projects without a formal reimbursement agreement from the federal government.

He requested detailed records of local government fund transfers, including how third-tier funds are currently managed.

“We need additional details for those allocations. We request details of the state’s Internally Generated Revenue (IGR) in the last three months,” he said.

“That will enable us to know your financial flows so that we can weigh it against the deficit in the budget in terms of financing it and carrying out some of the projects.

“We also need details of transfers to local governments — essentially, how local government funds that came into the state are being managed at the moment.

“Those documents we have requested must reach us within 48 hours; rest assured that we are all on the same side in terms of getting Rivers working again.

“We want to ensure that we promote a lot of accountability and ensure that the interests of the people themselves, no matter how remote they are from the state capital, are protected.”

Responding for Ibas, Andrew Nweke, senior special assistant on strategy and policy, explained that many of the budget items were inherited by the current administration.

He said the allocations align with the priorities identified by the people of Rivers, following assessments conducted by implementing agencies.

Nweke said the CCTV allocation was intended for installing modern surveillance systems at the government house.

He also said the gunboats were designated for supporting security agencies in patrolling the state’s waterways.

He added that the contingency funds would be used to address emergencies such as flooding and insecurity.

He assured the committee that the requested documents would be submitted.

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Tinubu Conferred With Knight Commander Of The Order Of Saint Lucia

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The Saint Lucian government has awarded President Bola Tinubu the title of Knight Commander of the Order of Saint Lucia (KCOSL), the country’s highest distinction.

“The Government of Saint Lucia is pleased to announce that, the Governor General has conferred the title of Knight Commander of the Order of Saint Lucia (KCOSL) upon H. E. Bola Ahmed Tinubu, GCFR, President of the Federal Republic of Nigeria,” the country revealed in a post on X.

Tinubu landed in Saint Lucia on Saturday as part of a diplomatic visit to two nations in the Caribbean and South America.

He had earlier addressed a joint session of the Saint Lucian senate and house of assembly.

During his address, Tinubu emphasized the importance of unity among Africans and those of African descent, stressing their common future.

“My visit to Saint Lucia is in keeping with the ideal of building the bridge between Africa and the Caribbean and creating a pathway to deepen economic ties and foster mutual cooperation. It also reflects our desire as a people to advance prosperity, sustainable development, and strengthen familial bonds,” he said.

“Nigeria and the island of Saint Lucia are bound by history, culture, and common aspirations. Our administration is determined to nurture and expand bilateral relations on trade, investment, tourism, education, and cultural exchange, as well as improve consular services for the citizens of both our nations.”

The Saint Lucian government has also announced plans to formalise diplomatic relations with Nigeria, aiming to build a structured platform to deepen collaboration in various mutually beneficial sectors.

“Saint Lucia and the Federal Republic of Nigeria will establish a visa waiver arrangement for holders of diplomatic and official passports from OECS member states,” the government stated.

“Nigeria will provide scholarships to citizens of OECS member countries and extend the services of the Nigerian Technical Aid Corps (TAC) to OECS countries.”

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Ibadan Poly Students Shut Down School Gates, Block Road Over Renaming to Olunloyo Polytechnic

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Students of The Polytechnic, Ibadan, have launched a large-scale protest following the decision to rename the institution to Omololu Olunloyo Polytechnic, Ibadan.

Gathering in significant numbers, the students closed off the main gate at the South Campus along with other entrances to express their disapproval of the development.

Governor ‘Seyi Makinde had earlier declared during a brief speech at the interdenominational commendation service for the late former governor at Obafemi Awolowo Stadium, Ibadan, that the institution would now be known as “Omololu Olunloyo Polytechnic, Ibadan.”

Previously, the students, through a statement issued by the Student Union Government President, Comrade Oladipupo Olamide, voiced their opposition, calling the renaming “unjustifiable and degrading.”

The protest has caused a major traffic disruption on the busy Sango-Eleyele Road in Ibadan, Oyo State’s capital, leaving many commuters stranded.

In a statement signed by the Executive Chairman, Maj. Adekoya RTd, the Oyo State Road Transport Management Agency advised road users to take alternate routes until the “temporary” road closure is resolved.

According to the release: “The general public are hereby informed of an ongoing student protest at The Polytechnic Ibadan, main Gate, the road in front of the school gate has been temporarily blocked.

“Motorists heading towards Eleyele, Apete, Ijokodo, and nearby areas axis from Sango and vice visa are advised to take alternative routes through Dugbe, Mokola or Ajibode to avoid delays and unnecessary confrontation.

“We appeal to all road users to remain calm, cooperate with traffic officers, and follow all traffic diversion signs.

“Thank you for your understanding.”

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