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Nigeria Plans To Float Africa’s First Sovereign Green Bonds

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The Federal Government has expressed its readiness to become the first country in Africa to float sovereign green bonds in order to address climate change and environmental projects.

Acting President, Prof Yemi Osinbajo disclosed this on Thursday at the Green Bonds Capital Market & Investors Conference organised by the Federal Ministry of Environment and the Debt Management Office (DMO) at the Nigerian Stock Exchange (NSE) office in Lagos.

According to Prof Osinbajo, the Federal Government under the Green Bonds initiative would give N20 billion under the first tranche before the end of the first quarter through the nation’s bourse.

The move he said is aimed at addressing some of the country’s most challenging issues of energy and the environment.

The acting President added that the initiative would also provide an opportunity to deepen the capital market as well as tackle poverty.

The bond issuance, he explained further will support the Federal Government’s shift to non-oil base assets for project financing for economic growth and development.

Professor Osinbajo said the government would flag off the climate change bond investment vehicle, which he believes would open the way for other private sector issuers in Nigeria.

 

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#LekkiMassacre: CNN Dares Nigeria Government, Updates Second Report (Video)

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The Cable News Network, CNN seems not done with the President Muhammadu Buhari-led government with the television channel releasing another report on the shooting at the Lekki toll gate during the End SARS protests.

Recall that the Minister of Information and Culture, Lai Mohammed, called out CNN over its report on the incident.

He added that CNN was biased in its report and needs to be sanctioned.

The Minister also addressed a letter to the management of CNN in Atlanta.

The network, however, on Tuesday released the second report with more damning footage showing soldiers shooting at unarmed protesters on October 20, 2020.

The second report also shows the Commander, 81 Division, Brig.Gen Ahmed Taiwo, admitting before the judicial panel in Lagos that military men had live ammunition in their weapons while at the tollgate.

CNN also noted that the statement of Brig.Gen Taiwo contradicts that of the Minister who had claimed last week that the army fired blank bullets.

It was also revealed in the new report, the moment when protesters were running as soldiers open fire at the tollgate.

Watch video below;

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Petrol Subsidy Not Completely Gone, Says Minister

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Petrol Subsidy Not Completely Gone, Says Minister

Timipre Slyva

Minister of State for Petroleum Resources, Timipre Sylva has stated that contrary to popular belief, the federal government has not completely removed petrol subsidy.

Speaking on Channels’ Politics Today, the minister said: “We are still trying to manage this bumpy start. We have not been able to get to that 100 percent removal of subsidy from the foreign exchange end.

“If we were to take it out completely and allow people to access foreign exchange from the parallel market and allow people to import the product, the price of the pump will even be more.

Also Read: Petrol Price Will Increase When Oil Goes Up – Sylva

“The Federal Government, knowing the impact it will have on the people, decided that they are still going to manage this situation.”

Speaking on the importation of petrol from Niger, the Minister expressed that the importation of fuel from the Niger Republic is not something Nigerians should be embarrassed about.

He expressed that Nigerians should be proud that the Federal Government is set to resume the importation of petroleum products from its neighbour.

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‘Your Report On Lekki Capable Of Setting Nigeria On Fire’ — Lai Writes CNN

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JustLai MohammedMinister of Information and Culture, Lai Mohammed has expressed that the CNN report on the Lekki Tollgate shooting of October 20 2020 is capable of setting the country on fire.

Recall that CNN had published an investigative report titled, ‘How a bloody night of bullets and brutality quashed a young protest movement in Nigeria,’ claiming soldiers fired live ammunition directly at protesters at the Lekki toll gate.

But Nigeria’s Minister for Information denied the report of the US-based cable television, calling for a sanction on CNN over the report, adding that the report on the Lekki tollgate incident was highly irresponsible.

Also Read: Lai Mohammed Condemns CNN Investigation On Lekki Shooting

Reacting in another story titled, ‘Nigeria threatens CNN with sanctions but provides no evidence Lekki toll gate investigation is inaccurate’, CNN maintained that it stood by its earlier report on the Lekki tollgate incident.

In a petition dated November 23 and addressed to Mr. Jonathan Hawkins VP, Communications, CNN Centre Atlanta, Georgia U.S, the federal government demanded “an immediate and exhaustive investigation into its report on the Lekki Toll Gate incident to determine its authenticity and conformity to basic standards of journalism.”

Lai Mohammed, who signed the petition, said if the US-based media organisation failed to carry out its demand, the Nigerian government will “take any action within its laws’’ to prevent CNN from aggravating the End SARS crisis.

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