Business
LG Donates Solar-Powered Borehole To Gudu Community In Abuja
Global leader in technology and innovation, LG Electronics has joined the Federal Ministry of Water Resources and Sanitation in the global celebration of the United Nations World Water Day by donating a solar-powered borehole to the Gudu Community in Abuja.
The theme of this year’s United Nations World Water Day is ‘Water for Peace’, emphasizing the vital significance of water in ensuring the stability and prosperity of our world.
A series of events took place to celebrate this special day from the Peace walk around FCT to the special press conference with all the relevant partners, international NGOs, Federal Ministries representatives, and private corporations.
Speaking at the commissioning of the solar-powered borehole, the Minister, Prof. Joseph Terlumun Utsev said; “We are extremely happy to celebrate yet another World Water Day with everybody and in particular with the donation of this borehole which is most significant of the celebration. The Gudu Community is grateful for this”.
“All year round we sensitize and celebrate the day to bring attention to one of the leading environmental issues, the scarcity of water.” Water is life, and we cannot even imagine our life without water.
Water means a lot to us more than just quenching our thirst, but it plays the role of a vital component of human development; This day provides us an opportunity to think about this issue and how we can make a difference.”
The Minister additionally said, “Around 2 billion people around the world do not have access to clean and safe drinking water, and approximately 3.6 billion people – 46% of the world’s population – lack adequate sanitation services, according to a new United Nations World Water Development Report released.
This is a major contributor to the spread of waterborne diseases such as cholera, typhoid, and diarrhea”
Prof. Utsev added, “In Nigeria, approximately 60 million people lack access to safe water sources, leading to numerous health challenges and impeding socio-economic development.”
Hence we need to keep appealing to corporate organizations such as what LG Electronics has done today to provide good drinking water for vulnerable communities like Gudu and all across the country so we can gradually reduce the numbers”
Also at the event, the Managing Director, LG Electronics, Mr. Hyoung Sub Ji thanked the Ministry for the opportunity to collaborate with them to contribute to the community. He said the relevance of LG’s slogan cannot be over-emphasized which is “Life’s Good” With good drinking water people can live and have a good life. This is what has prompted us to do this” he said.
Mr. Ji advised, “This year, we at LG are proud to align with the theme of Water for Peace. We urge other corporate organizations to collaborate with relevant institutions in combating the scarcity of clean water, which tragically leads to the premature deaths of vulnerable children and adults nationwide.
Together, through partnership and collective action, we can make a significant impact on ensuring access to safe and clean water for all. Let us work hand in hand towards a future where every individual has the basic human right to clean water, promoting health, peace, and prosperity in our communities.”
Present at the celebration are WaterAid, United Nations International Children (UNICEF), Education Fund (UNICEF), UNESCO, Action Against Hunger, Gillmor Engineering Nigeria Limited, FORDMAX Nig. Limited, CGC Nigeria Limited, Food and Agricultural Organization, (FAO), Borehole Drillers Association of Nigeria (BODAN), Nigeria Hydrological Services Agency (NIHSA), and other relevant ministry representatives
The Nigerian National Petroleum Company Limited (NNPCL) has announced the appointment of a new eight -man Senior Management Team.
The appointment followed the recent announcement followed the appointment of the Group Chief Executive Officer (GCEO) and Board of Directors.
Disclosing this in a statement on Friday, NNPCL Chief Corporate Communications Officer, Olufemi Soneye, said the appointments all take immediate effect.
“Following the appointment of the Group Chief Executive Officer and Board of Directors, the Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the appointment of a new 8-man Senior Management Team on Friday,” he stated.
“The team which will be headed by the GCEO, Mr Bashir Bayo Ojulari, has Rowland Ewubare as Group Chief Operating Officer; Adedapo Segun as Group Chief Financial Officer; and Olalekan Ogunleye as Executive Vice President Gas, Power & New Energy.
“Other members of the team are: Udy Ntia as Executive Vice President Upstream; Mumuni Dangazau as Executive Vice President Downstream; Sophia Mbakwe as Executive Vice President Business Services; and Adesua Dozie, as Company Secretary & Chief Legal Officer. All appointments are with immediate effect.”
Ngozi Okonjo-Iweala, the director-generaI of the World Trade Organisation (WTO), says the recent tariffs announced by the United States (US) will have significant implications for global trade and economic growth prospects.
On April 2, President Donald Trump announced sweeping global tariffs on all imports into the US, imposing 14 percent on Nigeria.
In a statement on Thursday, Okonjo-Iweala said the WTO secretariat is closely monitoring and analysing the measures announced by the nation.
The WTO DG said many members have “reached out to us”, adding that the secretariat is actively engaging with them in response to their questions about the potential effect on their economies and the global trading system.
“The recent announcements will have substantial implications for global trade and economic growth prospects,” the economist said.
“While the situation is rapidly evolving, our initial estimates suggest that these measures, coupled with those introduced since the beginning of the year, could lead to an overall contraction of around 1% in global merchandise trade volumes this year, representing a downward revision of nearly four percentage points from previous projections.”
Okonjo-Iweala expressed concern over the decline and the potential for escalation into a tariff war with a cycle of retaliatory measures that could lead to further declines in trade.
“It is important to remember that, despite these new measures, the vast majority of global trade still flows under the WTO’s Most-Favored-Nation (MFN) terms,” she said.
“Our estimates now indicate that this share currently stands at 74%, down from around 80% at the beginning of the year. WTO members must stand together to safeguard these gains.”
According to the WTO DG, trade measures of this size have the potential to create significant trade diversion effects.
Therefore, she called on members to “manage the resulting pressures responsibly to prevent trade tensions from proliferating”.
“The WTO was established to serve precisely in moments like this — as a platform for dialogue, to prevent trade conflicts from escalating, and to support an open and predictable trading environment,” Okonjo-Iweala said.
She encouraged members to utilise the forum to engage constructively and seek cooperative solutions.
By Abubakar Yunusa
The Association of Labour Veteran and Trade Union Assembly has voiced its support for President Bola Tinubu’s economic reforms, claiming that food prices have significantly decreased across the country.
In a statement issued on Thursday, the union’s interim president, Comrade Isa Tijjani, acknowledged the initial economic hardship faced by Nigerians at the beginning of Tinubu’s administration but insisted that government efforts had led to tangible improvements.
“At the start of this administration, the cost of food soared, and the nation was filled with cries of hunger and complaints. People were urged to be patient as the government worked towards solutions,” Tijjani said.
“Now, the President and his aides have worked tirelessly, and prices have come down drastically. However, I have yet to hear words of appreciation for their efforts. Recognising their achievements will encourage them to do even more for the nation.”
Tijjani, a former national vice-president of the Nigeria Labour Congress, urged Nigerians to differentiate between constructive criticism and unwarranted opposition.
He emphasised that engaging with the government in a respectful and solution-oriented manner would yield better results than resorting to hostility.
“The President of this country today is Alhaji Bola Ahmed Tinubu. Advising him in a humble and respectful manner will be more productive than adopting a confrontational stance. Constructive engagement achieves more than threats and name-calling,” he added.
Tijjani also condemned the recent act of violence in Edo State, describing it as a cowardly attempt to incite division and instability in Nigeria.
He welcomed the swift response of both the President and the Governor of Edo State in addressing the situation and called for the perpetrators to be brought to justice.
The labour leader further urged union members to participate in the upcoming General Executive Council meeting, where the union’s position on national issues will be formalised and disseminated at all levels of governance, from the state to the local and ward levels.
The Tinubu administration has faced criticism over the country’s economic challenges, including inflation and currency depreciation. However, government officials have maintained that their policies will yield long-term benefits for Nigeria’s economy.