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COP 26: Buhari enjoins international partners to finance projects in Nigeria through gas

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President Muhammadu Buhari has enjoined the international partners to finance projects using transition fuels such as gas in Nigeria.

Buhari, who stated this yesterday in Glasgow, Scotland, while delivering his national statement at COP26 Leaders’ Summit, pledged that Nigeria would cut its emissions to net-zero by 2060.

The President said attaining national and global climate change goals would require adequate and sustained technical and financial support to developing countries.

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He said the greater effort should be channelled towards assisting developing nations to meet their “Nationally Determined Contributions, NDCs commitments through the pledges made by the developed countries to provide at least $100 billion yearly.”

Buhari noted that easier access to climate finance had become imperative, in view of the COVID-19 pandemic, which really battered the economies of developing countries.

The President in a statement issued by his Senior Special Assistant on Media and Publicity, Mallam Garba Shehu, said:  “I do not think anyone in Nigeria needs persuading of the need for urgent action on the environment.

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“Desertification in the North, floods in the centre, pollution and erosion on the coast are enough evidence.

“For Nigeria, climate change is not about the perils of tomorrow but what is happening today. Nigeria is committed to net-zero by 2060.”

Making a case for the gas-based energy transition in Nigeria, President Buhari requested international partners to finance projects using transition fuels such as gas in Nigeria.

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“Parties to the Paris Agreement are expected to transit from fossil fuel to clean energy and reach a Net Zero ambition for greenhouse gases emission.  Nigeria is actually more of a gas than an oil-producing country.

“Consequently, I am requesting for the financing of projects using transition fuels, such as gas.

“Nigeria has energy challenges for which, we believe, gas can be used to balance a renewable energy-based system, be it wind or sun.

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“This would enable us to launch the long-term renewable energy infrastructure procurement and investments needed to have a sustainable energy supply,’’ he said.

Acknowledging that net-zero ambition could lead to economic transformation across all sectors, President Buhari said it would require critical infrastructure to be put in place.

He also told the COP26 Leaders’ Summit that Nigeria had developed a detailed energy transition plan and roadmap based on data and evidence.

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Explaining that the plan had highlighted some key facts that force the difficult conversations, Buhari said:  “Our transition plan also highlights the key role that gas will play in transitioning our economy across sectors, and the data and evidence shows that Nigeria can continue to use gas until 2040 without detracting from the goals of the Paris Agreement.

“Gas will be key for addressing the clean cooking challenge, which is also a challenge of deforestation, and for giving our electric grid the stability and flexibility to integrate renewables at scale.

“Nigeria will need to integrate an unprecedented 7GW additional renewable capacity each year to achieve net-zero.”

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On energy access, Buhari declared that Nigeria’s commitment to a just transition is reflected in “our ambitious Energy Compact, which includes the Government’s flagship project to electrify 5 million households and 25 million people using decentralized solar energy solutions.”

He described the project as a major first step towards closing the energy access deficit in the country by 2030.

On green projects in the county, the President declared that Federal Government agencies had been directed to ensure the inclusion of projects with climate change credentials in the budget.

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“I am happy to state that the 2022 budget, which I recently submitted to our National Assembly, is the first cross-sectoral, gender and climate-responsive budget ever prepared in the annals of our history,’’ he said.

He announced that the National Assembly had also passed the Climate Change Bill, which provides a framework for achieving low greenhouse gas emissions, inclusive green growth and sustainable economic development.

“The outcome of this Conference must result in quick resolution of all outstanding issues pertaining to the finalization of the Paris Agreement Rulebook, Adaptation, Mitigation, Finance, Article 6 and Loss and Damage,’’ President Buhari stated further.

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Responsible Gambling Betting Sites

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As the on-line betting market continues to grow, it’s important for players to be aware of accountable gaming techniques. Accountable gambling wagering sites are systems that prioritize the wellness of their consumers and promote safe and liable betting behaviors.

What are Accountable Gambling Betting Sites?

Accountable gambling wagering sites are on the internet platforms that intend to avoid and resolve trouble wagering habits. These websites provide resources and tools to help customers handle their gaming routines, such as setting down payment restrictions, self-exclusion alternatives, and access to sustain solutions.

Liable gaming wagering sites additionally advertise openness and justness in their procedures, guaranteeing that consumers recognize the threats connected with betting and supplying information on just how to seek aid if needed.

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By promoting accountable gaming methods, these websites aim to develop a risk-free and satisfying environment https://www.trustpilot.com/review/clarohorizonte.com for all players, while minimizing the possible injury that can be related to problem gaming.

  • Establishing down payment limitations
  • Self-exclusion options
  • Access to sustain solutions
  • Advertising openness and fairness

Exactly How to Determine Liable Gambling Betting Sites

There are numerous key signs that can assist you determine liable gaming wagering sites. Try to find systems that plainly display details on accountable gambling, consisting of web links to support services and resources for handling gambling habits.

Liable gaming wagering websites often have devoted sections on their internet sites that outline their dedication to advertising safe and responsible betting practices. They might additionally show logo designs or qualifications from organizations that concentrate on responsible gambling, showing their commitment to this crucial concern.

Furthermore, responsible gambling wagering websites normally give tools and attributes that permit users to set limitations on their betting activity, such as deposit limitations, time frame, and self-exclusion choices. These functions help individuals take control of their gambling behaviors and stop excessive or damaging actions.

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The Relevance of Accountable Gaming

Liable gaming is crucial for safeguarding players from the prospective harms of issue gaming. By advertising responsible betting practices, betting sites can help avoid dependency, economic difficulty, and various other negative consequences that can arise from too much betting.

  • Safeguarding players from the damages of problem wagering
  • Preventing addiction and monetary difficulty
  • Advertising a safe and satisfying betting setting

Final thought

Responsible gaming wagering websites play an important duty in advertising safe and responsible betting behaviors. By providing sources, tools, and assistance services, these platforms assist users manage their betting habits and reduce the threats associated with trouble betting.

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Inclusive Development Launches Policy Guide to Strengthen Civic Engagement in Nigeria

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A youth-led organisation, Inclusive Development (INCLUDE), has unveiled the Change-Maker’s Public Policy Guide, a new resource aimed at empowering young Nigerians with the skills and knowledge needed to participate actively in governance, policymaking, and accountability processes.

The guide was launched in Abuja on Friday at the conclusion of a five-week intensive capacity-building programme designed to strengthen youth engagement in public policy development and civic participation.

Speaking during the unveiling, the Executive Director of Inclusive Development, Bukola Taiwo, said the initiative was created to address the gap between young people’s desire to influence governance and their understanding of how public policy systems operate.

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According to her, many young Nigerians are eager to contribute to governance but often lack the practical knowledge required to engage effectively with policy structures and decision-making processes.

Taiwo explained that the programme trained 20 young participants in key areas of public policy, governance, and accountability. Of the participants, 17 successfully developed policy briefs addressing critical issues affecting their communities and the country.

She noted that the trainees collaboratively developed the Change-Maker’s Public Policy Guide as a practical resource to help young Nigerians navigate policy processes at both national and sub-national levels.

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“The programme focused on amplifying the voices of young people in public policy discussions and equipping them with the skills needed to engage governance and accountability systems effectively,” she said.

She added that the guide was designed to help emerging changemakers understand how policies are formulated, identify opportunities for engagement across different levels of government, and contribute meaningfully to governance reforms.

The training programme covered several aspects of policy development and advocacy, including policy research, systems thinking, power mapping, problem analysis, and strategic storytelling.

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Participants were introduced to analytical tools such as systems change frameworks, power mapping models, and problem analysis techniques to enhance their ability to identify policy challenges and propose evidence-based solutions. The programme also highlighted the role of storytelling in shaping public discourse and influencing policy outcomes.

The initiative was organised by Inclusive Development (INCLUDE) with support from the Nigeria Youth Futures Fund and the Amandla Institute for Leadership and Policy Advancement.

Taiwo reaffirmed the organisation’s commitment to empowering young people, particularly those from underserved and marginalised communities, to participate meaningfully in governance and development processes.

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Inclusive Development (INCLUDE) is a youth-led organisation dedicated to promoting equity, peace, and justice through initiatives that empower underserved populations. The organisation operates at the intersection of governance, peacebuilding, and gender justice to advance sustainable development in Nigeria and across Africa.

Stakeholders at the event described the guide as a timely intervention capable of deepening youth participation in policymaking and fostering stronger connections between citizens and governance institutions.

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Storm at NSITF as ₦297bn Workers’ Fund Allegations Trail MD/CEO Oluwaseun Mayomi Faleye

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Fresh allegations of large-scale financial irregularities, abuse of office, and governance breakdown have engulfed the Nigeria Social Insurance Trust Fund (NSITF), following a series of petitions by the Arewa Revival Project, a civic accountability and good-governance advocacy group, calling for urgent investigations into the activities of the Managing Director/Chief Executive Officer, Mr. Oluwaseun Mayomi Faleye.

The group has formally written to the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices and Other Related Offences Commission (ICPC), the Office of the Auditor-General of the Federation, the Federal Ministry of Finance under the Whistleblower Policy, the Federal Ministry of Labour and Employment, the NSITF Management Board, as well as organised labour bodies, including the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC).

At the centre of the controversy are allegations involving the management of approximately ₦297,019,145,288.60 in workers’ funds collected under the Employees’ Compensation Act (ECA) between January 2 and October 9, 2025.

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Workers’ Funds, Not Government Revenue

The Employees’ Compensation Scheme is funded through compulsory employer contributions of one per cent of payroll, designed to provide compensation to Nigerian workers who suffer injury, disability, or death in the course of employment.

According to multiple senior NSITF officials cited in investigative reports, the funds administered by NSITF are not government revenue, but trust funds belonging exclusively to Nigerian workers.

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“This is not government money. This is workers’ money, contributed mandatorily under the law,” one senior official was quoted as saying. “Every kobo is supposed to be protected by layers of checks and balances.”

₦243.2bn Allegedly Spent Without Board Approval

Documents reviewed by investigators indicate that out of the total inflow of ₦297,019,145,288.60, expenditures amounting to ₦243,203,518,621.17 were recorded within the same period.

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Multiple sources allege that a significant portion of this expenditure was carried out without the approval of the NSITF Management Board, in violation of the NSITF Act and existing federal financial regulations.

Officials familiar with the records described the development as a “complete collapse of safeguards” meant to protect workers’ funds.

‘No Approval Limit’ Resolution Raises Alarm

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Central to the allegations is an internal document dated March 4, 2025, reportedly extracted from the minutes of the 46th Executive Committee (EXCO) meeting of NSITF, chaired by Mr. Faleye.

According to the document, financial approval limits were set as follows:

  • Other General Managers: ₦25,000
  • General Manager (Finance): ₦50,000
  • Other Executive Directors: ₦750,000
  • Executive Director (Finance and Investment): ₦1,000,000

However, under the same resolution, the Managing Director/Chief Executive Officer allegedly approved “no limit” for his own spending authority.

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Sources allege that this effectively granted Mr. Faleye unrestricted powers to approve payments of any amount without recourse to the Board or external oversight.

“He simply wrote and signed a document granting himself ‘No Approval Limit’,” a senior official disclosed. “There is absolutely no legal basis for this in the NSITF Act or federal financial regulations.”

Under existing federal thresholds, Managing Directors of government parastatals are reportedly capped at ₦30 million for works and ₦10 million for goods and services, subject to board oversight.

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Over 100 Bank Accounts Linked to One BVN

Perhaps the most startling allegation involves the operation of over 100 bank accounts allegedly linked to a single Bank Verification Number (BVN) belonging to Mr. Faleye.

Documents reportedly show that the BVN, registered on June 10, 2015, with Guaranty Trust Bank, Ajose Adeogun Branch, is associated with numerous accounts, some of which allegedly received funds traceable to NSITF operations.

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“The scale is staggering,” one insider said. “You don’t run over 100 accounts accidentally. This points to systematic structuring.”

$7.3m and Hundreds of Millions of Naira Traced

In a separate document obtained by investigators, alleged inflows of millions of dollars and hundreds of millions of naira were traced to accounts linked to Mr. Faleye and entities reportedly associated with him.

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The transactions listed include:

  • Faleye Oluwaseun Mayomisola, GTBank USD Account 0111206422 – $336,917.00
  • Faleye Oluwaseun Mayomisola, GTBank USD Account 0004754113 – $6,743,421.00
  • Faleye Oluwaseun Mayomisola, GTBank NGN Account 0004754096 – ₦291,182,605.00
  • Fides & Fiducia Client Account, Access Bank NGN Account 0718896883 – ₦584,950,000.00
  • Fides & Fiducia, Access Bank USD Account 0690403396 – $626,279.00
  • Fides & Fiducia, Zenith Bank NGN Account 1013806407 – ₦93,757,500.00
  • Pluschess Limited, Zenith Bank USD Account 071315271 – $20,000.00
  • Faleye Oluwaseun Mayomisola, GTBank USD Account 3001101016 – $75,558.00

The total dollar inflow alone is estimated at over $7.3 million, excluding naira-denominated transactions.

“These are not small transfers,” a source familiar with the documents said. “The volume, frequency, and structuring suggest deliberate efforts to move and possibly conceal funds.”

₦5.53bn Commission Payments Questioned

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Further allegations relate to commission payments totalling ₦5,533,517,486.90, allegedly approved and paid without the consent of the NSITF Management Board or the supervising Ministry.

The payments reportedly include:

  • ₦1,379,186,010.00 – Assurance Services ST ADBA Ltd (09/10/2025)
  • ₦865,000,000.00 – TAGG Global Resources Ltd (18/03/2025)
  • ₦683,777,666.40 – Rate Seal Support & Project Ltd (17/09/2025)
  • ₦659,303,810.50 – Rate Seal Support & Project Ltd (16/05/2025)
  • ₦648,750,000.00 – Rate Gold Solution Nig Ltd (16/05/2025)
  • ₦648,750,000.00 – Gold Solution Nig Ltd (01/08/2025)
  • ₦648,750,000.00 – TAGG Global Resources Ltd (01/08/2025)

Sources allege that the commissions ranged between 15 per cent and 20 per cent, and were paid without lawful authority.

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Board Absence and Governance Vacuum

Mr. Faleye was appointed Managing Director in July 2023, while the NSITF Management Board was reportedly not constituted until around January 2025, creating a governance gap of over one year.

“The Act expressly forbids Executive Management from spending funds without board approval,” a top official explained. “If there is no board, spending should not take place.”

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Arewa Revival Project Condemns Alleged Acts

Reacting to the allegations, the Arewa Revival Project, under the leadership of Hon. Muttakka Ahmed Ibrahim, condemned the alleged acts, describing them as a grave betrayal of public trust if proven.

The group called on President Bola Ahmed Tinubu, as well as all relevant anti-corruption and regulatory authorities, to urgently investigate the allegations to protect workers’ funds and restore confidence in public institutions.

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Responses from Officials

When contacted, Mr. Faleye reportedly stated that he was not aware of the allegations. However, when questioned about the dollar accounts and alleged inflows of over $7.3 million, he reportedly ended the call abruptly.

The Permanent Secretary of the Ministry of Labour, Mr. Salihu Usman, reportedly denied prior knowledge of the alleged transactions, while the Chairman of the NSITF Board, Mr. Shola Olofin, requested time to verify the claims.

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Presumption of Innocence

All allegations remain unproven and subject to investigation. Analysts note that the unfolding developments represent a major test of Nigeria’s public finance accountability framework, particularly in institutions entrusted with workers’ welfare.

As investigations commence, millions of Nigerian workers await answers over the safety of funds meant to protect them in times of injury, disability, and loss.

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