Dr. Hanan Morsy, Deputy Executive Secretary and Chief Economist, United Nations Economic Commission for Africa, said this.
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A statement issued on the Economic Commission for Africa’s (ECA) website, said these were parts of recommendations of “the African Sovereign Credit Review Mid-Year Outlook”.
The Economic Commission for Africa (ECA), has reaffirmed commitment toward supporting its member States in strengthening Africa’s agency to realise the Africa we want.
This is in the aftermath of suggestions by the opposition figure that the 593million dollars deal might not have scaled through without his intervention as the then head of the 8th Senate.
In a boost to the African Union’s target to vaccinate 60 per cent of the continent’s population by 2022, the World Bank and the AU announced that they are partnering to support the Africa Vaccine Acquisition Task Team initiative with resources to allow countries to purchase and deploy vaccines for up to 400 million people across Africa.
The update was presented on Thursday at a virtual NEC meeting presided by Vice President Yemi Osinbajo and anchored from the Presidential Villa, Abuja.
But Wike, in a statement signed by his Special Assistant on Media, Kelvin Ebiri, told the Emir that he was not in support of the Nigeria Governors Forum (NGF)’s endorsement of Federal Government’s fresh withdrawal of funds from the Excess Crude Account (ECA) to fight insecurity.
In one of his bestsellers, The Zahir, Paulo Coelho said there are two major problems in life: knowing when to begin and knowing when to stop.
The UN body said in a statement that this would manifest with oil exporting nations losing up to $65 billion in revenues as crude oil prices continue to tumble.
The Peoples Democratic Party in a statement on Sunday asked Buhari to explain to Nigerians what his administration had done with one billion dollars drawn from the ECA in 2017 and meant to address the nation’s security challenges.
The Economic Commission for Africa on Friday signed a contract with three companies for the multi-million dollar works to revamp the historic Africa Hall.
The Head of the African Department of the International Monetary Fund, Abebe Selassie, has said the Nigerian Excess Crude Account is one of the worst managed Sovereign Wealth Fund in the world.
Agnelli, who is also chairman of the powerful European Club Association representing more than 200 European clubs, said any discussions over new tournaments should only take place in the broader context of the international calendar.
The figure indicated a N27.04 billion when compared to the N714.84 that was shared in July.
This is contained in the ECA’s report on Sub-regional Profile for West Africa, released at the 21st Session of the Intergovernmental Committee of Experts for West Africa on Wednesday in Cotonou.