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UN calls for  investment in quality jobs, social protection

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UN calls for  investment in quality jobs, social protection

The Secretary-General of the United Nations (UN), António Guterres, has called on governments across the world to “quickly” invest in the creation of quality jobs and the provision of social protection for those without coverage.

This is contained in a statement issued by the Communication and External Relations Department of the African Development Bank (AfDB).

Guterres was speaking at a high-level session to discuss the “Global Accelerator on Jobs and Social Protection for Just Transitions initiative” during the UN General Assembly meetings in New York.

The initiative was inaugurated in 2021 by the United Nations International Labour Organisation and brings together governments, international financial institutions, civil societies, the UN, and the private sector.

The aim is to create 400 million new, decent jobs, especially in the green, care, and digital economies.

It also aims to extend social protection to more than four billion people worldwide that are currently without coverage.

Guterres told leaders to focus on concrete solutions to implement the initiative.

In his words, “The path of inaction leads to economic collapse and climate catastrophe, widening inequalities and escalating social unrest.

“This could leave billions trapped in vicious circles of poverty and destitution.’’

President of the African Development Bank (AfDB), Dr Akinwumi Adesina, said the bank inaugurated a 10-billion-dollar facility which was a rapid response to the COVID-19 pandemic.

Adesina said the facility helped provide social protection for more than 28 million people.

He also said the bank inaugurated a three-billion-dollar social impact bond on global capital markets in 2020.

“But that is not enough. We have to restructure our economies to be productive with education, infrastructure, and energy making sure we have productive sectors that can use people’s skills and absorb that into the economy.

“At the African Development Bank, we have taken a proactive approach to jobs,” said Adesina.

As an example, he named the bank’s Jobs for Youth in Africa programme to create 25 million jobs by 2025.

“Nearly half of those jobs had already been delivered,” he said.

Adesina cited sectors such as agriculture where the bank was investing 25 billion dollars to transform rural areas and turn the sector into a business.

“We are investing 20 billion dollars to build 10,000MW of electricity that will provide energy for productive use and create millions of jobs.”

He further said it was time for Africa to build a manufacturing capacity for polysilicon material used for solar panels “so that we can create a lot of green jobs”.

“The creative industry, especially Nigeria’s film industry, popularly known as Nollywood, is another area that requires significant investment given its potential to generate 20 billion dollars of revenue and create 20 million jobs,” Adesina said.

According to the statement, the UN expects each government to commit to the Global Accelerator initiative and its objectives by among others, developing national policies and integrated strategies for just transitions.

(NAN)

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China Introduces Instant Tax Refunds for Foreign Tourists to Boost Shopping Experience

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China Introduces Instant Tax Refunds for Foreign Tourists to Boost Shopping Experience

China has revamped its tax refund policy for foreign tourists, shifting from a refund-upon-departure model to a more convenient refund-upon-purchase system, according to the State Taxation Administration (STA).

The STA announced on Tuesday that under the new system, foreign visitors can now claim Value Added Tax (VAT) rebates instantly at designated tax-free stores. This change allows tourists to use their refunded amount immediately for additional shopping, enhancing their overall experience in China.

Previously, VAT rebates could only be withdrawn upon departure, but with the new policy, tourists will be able to access their refunds in real-time during their stay. The policy, which was initially tested in cities like Shanghai, Beijing, and Guangdong, has now passed all operational requirements and will be rolled out nationwide.

The STA emphasized its dedication to improving policy guidance and simplifying refund procedures to better serve international visitors.

Li Xuhong, Vice-President and Professor at the Beijing National Accounting Institute, welcomed the change, stating that the nationwide implementation would raise China’s tourism service standards. “It will foster a friendly, efficient, and convenient tourism environment,” Xuhong added.

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Nigeria Reaffirms Commitment to One-China Policy Amid Taiwan’s Trade Office Claims

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Nigeria Reaffirms Commitment to One-China Policy Amid Taiwan's Trade Office Claims

Rep. Jaafaru Yakubu, Chairman of the House of Representatives Committee on China-Nigeria Parliamentary Relations, has reiterated Nigeria’s firm commitment to the One-China Policy, following recent comments by Taiwan’s Trade Mission Head in Nigeria, Andy Yih-Ping Liu.

Speaking in Abuja on Tuesday, Yakubu firmly declared that Nigeria continues to recognize Taiwan as an integral part of the People’s Republic of China. He rejected Liu’s claim that Taiwan was not part of China, labelling it as “propaganda” aimed at undermining the strong diplomatic ties between Nigeria and China.

“For the record, United Nations General Assembly Resolution 2758, adopted in 1971, recognised the People’s Republic of China as the sole legitimate representative of all of China, including Taiwan,” Yakubu stated. “The One-China Policy remains the cornerstone of China-Nigeria relations.”

He emphasized that since Nigeria and China established diplomatic ties in 1971, the country has consistently upheld this principle. “Efforts by Taiwan’s trade office to challenge this stance are futile and will not succeed,” Yakubu added.

Yakubu criticized Liu’s comments as an attempt to draw Nigeria into China’s internal matters, accusing the Taiwanese official of deliberately sowing discord and provoking a diplomatic rift. “Nigeria’s relationship with China is built on mutual respect and non-interference in each other’s political matters,” he said.

In response to Liu’s claim that China acted as a bully, Yakubu pointed to the positive trajectory of Nigeria-China relations. “Contrary to these baseless assertions, Nigeria has enjoyed a mutually beneficial partnership with China, yielding tangible results for both nations. Since 1971, our ties have grown significantly.”

He highlighted the strategic nature of the partnership, referencing the elevation of the relationship to a Comprehensive Strategic Partnership during the 2024 FOCAC Summit in Beijing. “Today, Nigeria stands as China’s second-largest trading partner in Africa, with bilateral trade surpassing 20 billion dollars,” Yakubu noted.

Furthermore, Yakubu praised China’s role in Nigeria’s infrastructural development, with investments in sectors such as rail networks, roads, ports, power stations, and water treatment facilities.

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Shettima Warns Media Against Romanticising National Challenges

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Shettima Warns Media Against Romanticising National Challenges

Vice President Kashim Shettima has cautioned Nigerian media practitioners against the growing tendency to romanticise serious national issues, describing the trend as a dangerous departure from the media’s constitutional duty of promoting truth and accountability.

Represented by his Special Adviser on Special Duties, Modibbo Umar, the Vice President issued the warning on Tuesday while delivering a speech at the 17th LEADERSHIP Conference and Awards held at the Old Banquet Hall of the State House, Abuja.

“We must resist the temptation to romanticise serious national issues or frame them in ways that distort public understanding,” Shettima said. “Doing so only weakens the fabric of our democracy and derails our collective efforts at nation-building.”

The Vice President’s remarks came as stakeholders in governance, business, and civil society gathered to reflect on the theme of the event, “Challenges and Opportunities in Nigeria’s Fiscal Federalism.” The conference provided a platform for thoughtful engagement on some of the country’s most pressing issues, with a focus on the responsibilities of leadership at all levels.

Shettima also used the occasion to commend LEADERSHIP Newspapers Group for its consistent contributions to national discourse and its commitment to celebrating excellence in leadership.

“I commend LEADERSHIP Newspaper for the vision to convene this vital discourse and for shining the light on those who have chosen to lead with courage and competence. May we never tire of striving for a better Nigeria,” he said.

The annual LEADERSHIP Conference and Awards continues to be a major event that brings together influential voices to deliberate on national progress and honour individuals and institutions making meaningful impact in society.

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