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U.S. Treasury Official Harps on Safeguarding Nigeria’s Financial Sector to Combat Corruption
U.S. Treasury Official Harps on Safeguarding Nigeria’s Financial Sector to Combat Corruption
In a recent meeting with Mr. Gregory LoGerfo, the deputy coordinator for the Bureau of Counterterrorism overseeing Regional and Multilateral affairs in Nigeria, Mr. Eric Meyer, U.S. Treasury Deputy Assistant Secretary, underscored the critical importance of securing Nigeria’s financial sector in the fight against corruption.
Meyer highlighted the need to root out bad actors who exploit the financial sector for illicit activities like terrorism support, money laundering, and corruption. He emphasized the U.S. Department of the Treasury’s commitment to fortifying Nigerian financial and law enforcement institutions in the battle against corruption and illicit finance.
He stated, “We will share information on identified risks and vulnerabilities resulting from bad actors who persistently misuse Nigeria’s financial sector for corrupt practices. Our collaboration with the Nigerian government aims to combat money laundering and terrorism financing.”
Meyer further emphasized that the U.S. Department of the Treasury is actively working to strengthen partnerships with Nigeria, with the aim of generating increased investment and opportunities for both nations. He outlined key areas of focus, including a stable Naira, a strategic fiscal plan for vital investments in infrastructure and social services, eradicating corruption, and safeguarding the integrity of Nigeria’s financial system.
In his remarks, Mr. Gregory LoGerfo expressed pride in the U.S.’s substantial investments in Nigeria, totalling over $5.5 billion in foreign direct investment. He highlighted Nigeria’s significance as the U.S.’s second-largest trading partner in Africa, with bilateral trade surpassing $10 billion. Additionally, he noted Nigeria’s pivotal role as the second largest U.S. export destination in Sub-Saharan Africa, reaching $3.4 billion in 2022.
LoGerfo recognized the active involvement of prominent American companies in Nigeria, including Google, Microsoft, Corning, Equinix, and others, who have demonstrated a strong commitment to Nigeria’s digital economy. He also emphasized Nigeria’s eligibility for preferential trade benefits under the African Growth and Opportunity Act (AGOA).
In conclusion, LoGerfo reiterated the U.S.’s dedication to collaborating closely with Nigeria to create a secure environment conducive to economic growth and development, emphasizing the critical role of eliminating financial insecurities in achieving this goal.
U.S. Treasury Official Harps on Safeguarding Nigeria’s Financial Sector to Combat Corruption
Headlines
Kano inaugurates 14-member committee to review education policies
The Kano State Government has inaugurated a 14-member committee tasked with reviewing existing education policies in the state.
Inaugurating the committee on Thursday in Kano, the Commissioner for Education, Dr Ali Makoda, said that the committee was constituted by the Kano State Executive Council to assess the state’s education policies.
“This committee was originally scheduled to be inaugurated by the governor, but due to prior engagements, he has delegated the responsibility to me so that we can begin our work immediately,” Makoda stated.
The Commissioner outlined the committee’s terms of reference, which include reviewing the four existing education policies in the state to assess whether they align with the cultural and religious beliefs of the people.
“Evaluating the feasibility of implementing the policies, and making recommendations to strengthen the state’s education system.”
He noted that the four policies to be reviewed include the Kano State Girls’ Education Policy, Kano State Gender Equity and Social Inclusion Policy, Kano State Non-State School Policy, and Kano State Teacher Development Policy.
Makoda announced that the committee has been given three weeks to submit its report, and urged the members to leverage their expertise to produce recommendations that would enhance the state’s education sector.
In his response, the committee chairman, Malam Abdullahi Dutse, assured the commissioner of the committee’s commitment to work collaboratively to meet the expectations placed on them.
“Considering the diverse expertise of the committee members, I believe the government has selected individuals with the right skills to address the challenges facing education in the state. We will work diligently to provide the necessary report,” he said.
The committee’s members include Malam Abdullahi Dutse (Chairman), Prof Abdallah Uba -Adamu, Habibu Dan Almajiri, Alhaji Danlami Garba, Kano State Commissioner for Women, Children, and Disabled Affairs Hajiya Amina Abdullahi, and Isa Ahmad.
Other members are Prof Tijjani Naniya, Malam Kabiru Hanga, Munzali Mustapha, Prof Auwal Halliru Arzai, and Dr Bashir Aliyu -Umar.
The remaining include the representatives of the Emirate Council and Civil Society Organizations, and Ibrahim Bawa, Director of Archives and Publications, who will serve as Secretary of the committee.
Headlines
U.S commends Nigeria over Galactica funds repatriation efforts
The U.S. Deputy-Secretary of State, Kurt Campbell, has extolled Nigeria’s partnership in the successful repatriation of funds linked to forfeited luxury real estate and Galactica Star Superyacht. (more…)
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Tinubu congratulates Nigerian scientists, engineers on making Biden’s honour list
President Bola Tinubu has congratulated six Nigerians named by President Joe Biden among the 400 recipients of the Presidential Early Career Award for Scientists and Engineers (PECASE) in the United States.
This recognition, established by former President Bill Clinton in 1996, is the highest honour bestowed by the United States government on outstanding scientists and engineers in the early stages of their careers.
This year’s awardees, announced by Biden on Jan. 14, are employed or funded by 14 participating United States government agencies, Mr Bayo Onanuga, the President’s Spokesman, said in a statement on Thursday in Abuja.
The Nigerian honourees include Azeez Butali, Gilbert Lilly Endowed Professor of Diagnostic Sciences, College of Dentistry, University of Iowa; and Ijeoma Opara, Associate Professor of Public Health (Social and Behavioral Sciences), Yale School of Public Health, Yale University.
Others are: Oluwatomi Akindele, Postdoctoral researcher at Lawrence Livermore National Laboratory; and Eno Ebong, Associate Professor of Chemical Engineering, Bioengineering, and Biology at Northeastern University;
The rest are: Oluwasanmi Koyejo, Assistant Professor of Computer Science at Stanford University; and Abidemi Ajiboye, Executive vice Chair of the Case School of Engineering, Department of Biomedical Engineering, and Case Western Reserve University.
Tinubu commended the awardees for their achievements in science, technology and engineering.
He noted that recognising the talents of the awardees underscored Nigerians’ vast potential to excel both at home and on the global stage.
Tinubu looked forward to the honourees sharing their multidisciplinary expertise to benefit Nigeria’s development efforts under the Renewed Hope Agenda. (more…)
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