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Video: Nigerian govt, labour union release terms of negotiation over fuel subsidy removal



In this video, Femi Gbajabiamila, Nigeria’s Speaker of the House of Representatives, who was recently appointed as President Bola Tinubu’s Chief of Staff, read out the resolution between the Federal Government of Nigeria and the organized labour —the Trade Union Congres and the Nigeria Labour Congress —over the removal of fuel subsidy following the suspended industrial action.

Gbajabiamila revealed that the parties had resolved to continue negotiations towards finding a mutually beneficial resolution.

Following the decision by Nigeria’s new administration to end subsidies on petroleum products, the NLC last week announced a plan to embark on a nationwide strike on Wednesday. The planned strike has now been suspended.

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Video: UN environment chief, Munang wants climate capacity investment for African youths



In the video, the Deputy Regional Director of the African office of the United Nations Environment Programme (UNEP), Richard Munang, speaks on the need to focus climate investment on “African Catalystic Sectors.”

He noted that that Africa loses close to $50 billion annually due to post-harvest loses from inefficiency in the entire agro-value chain. Thus, the need to increase capacity of the continent youthful population to maximize climate and agro-based opportunities.

“We must be intentional with the feeder of the new knowledge. If it’s wrong, then everything will be wrong. How do you tell a mother in a village without access to electricity to hope when you can guide youth to retool their skills to turn waste into fuel, ” Munang argued.

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Video: US deputy treasury chief, Adeyemo identifies reform areas for Nigeria 



In this video, Nigerian-born Adewale Adeyemo, who is the United States deputy treasury secretary, expresses the US commitment to strengthening relations with Nigeria and calls for urgent reforms in three aspects which he argues are central to development.

Nigeria needs a stable Naira which, according to him, will create macroeconomic stability that will stimulate both local and foreign investment.

He states that the government needs to articulate a credible fiscal strategy that will provide the resources for critical investment. He also applauds the recent policy to remove subsidies from petroleum products.

Adeyemo also identifies fighting corruption in the business environment. He adds that the perception of corruption by the Nigerian public contributes to the lack of support that the government gets in the pursuit of some of its agenda.

Watch the video below:

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