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🗣COP29 Talks in Baku Stalled Over Agenda Disputes
The COP29 climate summit in Baku opened with calls for cooperation but quickly stalled due to disagreements over the agenda. UN climate chief Simon Stiell urged nations to boost climate finance as essential, not charity, especially for developing nations, who demand grants over loans.
Talks aim to raise the $100 billion annual climate fund for developing countries, but disagreements over funding sources and amounts persist. Only a few G20 leaders are attending, and while the UN warns that 2024 could be the hottest year on record, progress remains uncertain amid deep divides.
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🗣Manufacturers Face 357.6% Spike in Unsold Inventory Due to Low Consumer Demand
Nigeria’s Manufacturers Association (MAN) reports a 357.6% increase in unsold inventory, totaling N1.24 trillion in H1 2024, up from N271 billion in H1 2023.
The surge is attributed to weakened consumer purchasing power, high inflation, subsidy cuts, and naira devaluation. Additionally, rising electricity tariffs and persistent outages have pushed manufacturers to spend N238.31 billion on alternative power sources, further straining costs.
Despite these challenges, sector capacity utilization improved slightly, and investment rose 29.6% to N250.13 billion due to increased machinery costs amid currency depreciation.
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🗣Abuja Protest Against Fuel Crisis and Inflation
Nigerians gathered in Abuja on Monday to protest rising fuel prices, shortages, and economic hardship, led by Abdullahi Bilal and activists from CEFRAN. They blamed failed leadership in the oil sector for the crisis, demanding full deregulation, an end to fuel subsidies, and an overhaul of sector management.
Protesters condemned the import of adulterated fuel, claiming it damages vehicles and businesses, and called for accountability. They also criticized unfulfilled promises from the Dangote Refinery, stating it hasn’t resolved fuel shortages despite significant investments. Citing inflation over 24% and fuel prices up 200%, they urged President Tinubu to address these issues and put citizens first.
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🗣Amnesty International Urges Nigeria to Pass Anti-Mob Violence Law
Amnesty International has urged Nigeria’s Federal Government to enact laws against mob violence, following the release of its report, “Instantly Killed: How Law Enforcement Failures Exacerbate Nigeria’s Wave of Mob Violence.”
The report highlights that at least 555 people have fallen victim to mob attacks since 2012. Amnesty’s Isa Sanusi stressed that weak law enforcement has fueled this trend, which increasingly targets women and children. The organization calls for preventive measures, accountability for perpetrators, and better law enforcement training to curb these violent acts.
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🗣Why You Should Avoid Drinking Water While Standing
Drinking water while standing can have negative effects on health. Here’s why:
1. Poor Digestion: Water flows rapidly through the body, disrupting digestion and increasing toxin buildup.
2. Joint Pain Risk: It stresses joints, potentially leading to pain and arthritis.
3. Organ Strain: Quick water intake affects oxygen flow, impacting heart and lung function.
4. Kidney Issues: Unfiltered water reaches the bladder, straining kidneys and increasing urinary risks.
Best Practice: Sit down, relax, and allow for better absorption and digestion. Small changes can benefit overall health.
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🗣 15-Month Traffic Diversion at Mile-2 for Terminal Construction
Starting November 11, 2024, Lagos State will divert traffic at Mile-2 Interchange for 15 months to build an intermodal transport terminal connecting rail, bus, water, and non-motorized transport.
Affected Routes:
• Loop 1 (Apapa-bound) and Loop 4 (Badagry-bound).
Alternate Routes:
• Apapa to Badagry: Via Apapa-Oshodi Expressway, Akinwande Road, then Lagos-Badagry Expressway.
• Badagry to Apapa: Use Durban Road to connect Amuwo Odofin Estate.
Traffic officers and clear signs will guide motorists. Lagos officials urge patience during this essential upgrade.
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🗣Amnesty, SERAP Demand Immediate Release of 76 #EndBadGovernance Protesters
Amnesty International Nigeria and SERAP condemned the detention of minors from the August #EndBadGovernance protests. SERAP called on President Tinubu to free the 76 protesters and drop “treasonable felony” charges, criticizing the government’s actions as fear tactics infringing on human rights.
Amnesty International echoed this, urging unconditional release of all detained, including minors, some as young as 12. They noted that 43 more protesters face similar charges, warning against efforts to suppress peaceful protest through detentions and sham trials.
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🗣ECOWAS and Morocco Push $26B African Gas Pipeline Project
ECOWAS, Morocco, and Mauritania are advancing the $26 billion African Atlantic Gas Pipeline (AAGP) project, which will link Nigeria’s gas reserves to North Africa and Europe. During an Abuja meeting, officials reviewed key agreements for the project, which merges the West African Gas Pipeline Extension and the Nigeria-Morocco Pipeline, spanning 16 countries.
Nigeria’s Minister of State for Petroleum Resources noted the project’s potential to transform the energy landscape and boost economies across Africa. The initiative aims to improve energy access, drive industrialization, and create jobs across the continent.
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🗣President Tinubu Stands Firm on Tax Reforms Bill
President Bola Tinubu has dismissed the National Economic Council’s (NEC) recommendation to withdraw the Proposed Tax Reforms Bill from the National Assembly, saying it will proceed through the standard legislative process. Tinubu emphasized that stakeholders with concerns should present their inputs during public hearings.
Despite resistance from some northern leaders, Tinubu is committed to advancing the reforms to streamline Nigeria’s tax system, reduce multiple taxation, and boost the economy. The reforms also aim to unify tax administration across federal, state, and local levels for improved efficiency.
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🗣 Like in Harry Potter: In California, a space beneath the stairs is being rented for $250 a month
A 3 by 10-foot space under the stairs in a one-bedroom apartment in downtown San Jose is available for rent at $250 per month.
Along with the rent, the landlord requests that the tenant "do some house chores twice a week."
The ad specifies that the landlord is looking for "a good gamer-geek with no criminal record and no pets."
The average rent for an apartment in San Jose is $3,132, which is 53% higher than the average across the country.
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🗣NAAT Declares Nationwide Protest Over Withheld Salaries, Sets Two-Week Ultimatum
The National Association of Academic Technologists (NAAT) has announced a nationwide protest starting on November 6, 2024, over five months of withheld salaries and unmet agreements with Nigeria’s Federal Government. NAAT plans to picket the Ministry of Finance on November 14 to enforce President Bola Tinubu’s directive for salary payments.
The union has issued a two-week ultimatum, effective October 30, for the government to meet demands. NAAT President Ibeji Nwokoma warned that failure to act could lead to an indefinite strike starting November 13, potentially impacting academic calendars and critical research in universities, polytechnics, and colleges.
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🚕SERAP Condemns Abia Rep’s Alleged Assault on Bolt Driver, Calls for Investigation
The Socio-Economic Rights and Accountability Project (SERAP) has denounced Abia State Representative Alex Ikwechegh after a viral video allegedly shows him berating and threatening a Bolt driver in Abuja.
In the video, Ikwechegh reportedly refused to pay the driver, called him “very, very stupid,” and allegedly threatened, “I can make this man disappear in Nigeria.” SERAP urged the Nigerian Police and House Speaker to investigate, emphasizing that “impunity for violations of citizens’ rights must stop.”
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🗣 In a first for China’s space tourism efforts, Deep Blue Aerospace sold two tickets for a 2027 spaceflight, drawing 3 million viewers to a Taobao livestream.
These seats, each costing 1,000,000 yuan ($140,000), promise a 12-minute ride to the edge of space on the company’s reusable Nebula-1 rocket. Despite recent test issues, CEO Huo Liang assured the public that extensive testing over the next three years would ensure a reliable journey.
Additional seats are set to be available on November 23.
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🗣Nigerian Breweries Posts N703bn Revenue in Q3 2024
Nigerian Breweries Plc reported N703 billion in revenue for Q3 2024, a 75% increase from N402 billion in the same period last year. Gross profit rose by 36% to N207 billion, despite a 99% surge in production costs due to currency devaluation and rising input prices. Managing Director Hans Essaadi highlighted the company’s resilience amid challenging conditions, with revenue growth driven by strategic pricing and market recovery. The company also faced increased net losses due to foreign exchange losses and high borrowing costs.
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🗣Tinubu and Sanwo-Olu: Tough Times Will Improve Soon
President Bola Tinubu and Lagos Governor Babajide Sanwo-Olu acknowledged Nigeria’s economic challenges, assuring that better times are ahead.
Tinubu, represented at Pastor Tunde Bakare’s 70th birthday, stated that complex problems require time to solve, while Sanwo-Olu called for public prayers, emphasizing that strong leadership is working through tough conditions.
Dignitaries including former governors, religious leaders, and traditional rulers attended the event, honoring Bakare for his dedication to justice, equity, and mentorship. Bakare urged Nigerians to prioritize national unity and work towards a better Nigeria.
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🗣Consumers Protest DisCos’ Prepaid Meter Price Hike
Electricity consumers in Nigeria’s Federal Capital Territory (FCT) are protesting against a recent price increase in prepaid meters announced by electricity distribution companies (DisCos) on November 5. Single-phase meters have risen from N117,000 to N149,800, while three-phase meters now cost up to N236,500, depending on the provider.
Consumers express frustration, citing Nigeria’s tough economic conditions and the impact on affordability. Many are urging the government to provide meters free of charge to eliminate estimated billing practices.
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🗣FRSC Urges Caution After Fatal Crash in Lagos
The Federal Road Safety Corps (FRSC) Lagos Command has issued a stern warning against reckless driving following a fatal multi-vehicle crash on the Kara Bridge section of the Lagos-Ibadan Expressway. The accident, involving a Volvo truck, a Toyota Hummer bus, a Benz bus, and an unregistered motorcycle, claimed one life.
FRSC Commander Kehinde Hamzat reported that the crash, which occurred at 3:33 a.m., was caused by speeding, dangerous overtaking, and loss of control. FRSC teams, alongside police and LASTMA, managed the scene, securing traffic flow and assisting the injured.
Hamzat emphasized the urgent need for responsible driving and collaboration among all road users to prevent such tragedies.
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🗣 Tinubu to Ministers: Expect Criticism, Stay Focused
At the swearing-in of seven ministers, President Bola Tinubu urged them to remain focused despite expected criticism. He emphasized the need for commitment amid economic and security challenges, noting that Nigeria’s economic path is on the right track.
Tinubu highlighted the government’s actions to curb profiteers and smugglers and acknowledged the rising cost of living, assuring that steps like implementing a new minimum wage are in place. Despite global and national challenges, Tinubu encouraged ministers to stay resilient, promising that their dedication will lead to growth and prosperity for the nation.
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🥳 FG Launches Nationwide Road Repairs for Festive Season
To ease traffic ahead of the holidays, Nigeria’s Federal Government, via the Federal Road Maintenance Agency (FERMA), has launched “Operation Connect to Your Destination” Phase 2 to repair federal highways.
FERMA’s target includes patching 18,850 square meters of road, rehabilitating 12,000 sections, and making 653 km motorable, with completion aimed by mid-December. This project, focused on high-traffic areas, aims to reduce congestion and create 12,000 jobs, boosting the economy. Kano’s FRSC supports the effort, urging drivers to remain cautious on repaired routes.
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🗣Malaria Still a Major Health Issue in Nigeria – NDHS Survey
The 2023-24 Nigeria Demographic and Health Survey highlights both progress and ongoing challenges in malaria prevention. Key findings:
• Prevention Efforts: Household ownership of insecticide-treated nets (ITNs) is up, especially in rural areas. Preventive treatment for pregnant women has also increased, though disparities persist.
• Awareness: Media campaigns have boosted public awareness, but use of preventive measures remains inconsistent.
• Access Gaps: Many children with fever lack diagnostic testing, with rural areas particularly underserved.
• Emerging Threats: Drug-resistant malaria strains are a growing concern.
Experts urge improved healthcare access, community education, and surveillance to combat malaria effectively.
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🗣If I Were President – Atiku Abubakar’s Vision
Atiku Abubakar outlined what he would do differently as President, criticizing Tinubu’s economic policies as harmful to Nigerians. His approach would prioritize:
• Planned Reforms: Gradual changes to stabilize the economy, with better consultation and transparency.
• Focused Subsidy Removal: Phased subsidy cuts with a stable exchange rate to avoid shocks.
• Social Protection: Programs to support the vulnerable and improve public trust.
• Boost for Security and MSMEs: A $10 billion fund for small businesses and reforms in security.
Abubakar stressed that his reforms would prioritize the people’s needs and transparency.
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🗣Nigeria Delays Mpox Vaccine Rollout Amid Rising Cases – Africa CDC
The Africa CDC reported that Nigeria hasn’t set a date for the Mpox vaccine rollout despite a 500% surge in cases across Africa. Chief of Staff Dr. Ngashi Ngongo stressed that the outbreak, which now affects 19 African countries, needs urgent support to prevent it from evolving into a widespread pandemic.
While countries like the DRC and Rwanda have reached 100% vaccination rates, Nigeria continues to face logistical issues, delaying its campaign. Africa CDC warns that without swift action, Mpox could become a more severe health crisis.
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🗣Nigerian-Americans Weigh Support for Trump or Harris Based on Nigeria’s Interests
As the 2024 U.S. presidential election approaches, some Nigerian-Americans are choosing a candidate who prioritizes Nigeria. Hon. Ehiozuwa Johnson Agbonayinmma, a former Nigerian House member, noted that while he’s usually Democratic, he feels recent Republican administrations, particularly Trump’s, have better supported Nigeria, citing Trump’s approval of arms sales to combat Boko Haram, which Obama had denied.
Agbonayinmma expressed doubts about Kamala Harris’s commitment to U.S.-Nigeria relations and voiced concerns about certain Democratic policies that he feels compromise traditional values, advocating for stronger U.S.-Nigeria ties.
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🗣UK Police Dismiss Nigerian-British Officer for ‘Biting’ Colleague
The UK’s Metropolitan Police Service dismissed officer Shola Balogun from Bromley Police Station for allegedly biting a colleague during a birthday party in April 2022. A misconduct panel found that Balogun’s actions, despite his positive character references, violated police standards and undermined public trust. The panel ruled that dismissal without notice was the only appropriate action, citing Balogun’s prior disciplinary record and the severity of the incident.
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🗣IFC to Invest $1 Billion in Nigeria for Local Currency Financing
The Central Bank of Nigeria (CBN) and the International Finance Corporation (IFC) have partnered to boost local currency financing in Nigeria through a $1 billion investment.
Announced in Washington, this initiative aims to expand funding for key sectors like agriculture, housing, and small businesses.
CBN Governor Yemi Cardoso hailed it as a breakthrough for economic growth and diversification, while IFC Managing Director Makhtar Diop emphasized the focus on supporting small businesses and managing currency risk.
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🗣Things Will Improve, Betta Edu Reaffirms Support for Tinubu
Despite her suspension earlier this year, former Minister Betta Edu has reiterated her support for President Tinubu, expressing faith in his leadership and optimism about Nigeria’s future.
Speaking at her 38th birthday in Abuja, Edu acknowledged Nigeria’s current struggles but emphasized her confidence that the country will emerge stronger.
She also praised Tinubu’s commitment, saying she believes he has the wisdom to lead Nigeria to a better future.
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🗣Kwara Group Criticizes N70,000 Minimum Wage
The Kwara Advocacy Network has criticized the state’s recent approval of a ₦70,000 minimum wage, arguing it does little to address income inequality. The group pointed out the small wage gap between lower and higher-level workers, urging Governor Abdulrazaq to review the salaries of senior staff on levels 15, 16, and 17.
They noted that workers in Kwara earn significantly less than their counterparts in neighboring states, and the new wage does not offset rising living costs and inflation. The group called for fairer wage adjustments to benefit all workers.
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🗣Nigeria Spends $1.5bn on Dairy Imports – Tinubu Laments
President Bola Tinubu expressed concern over Nigeria’s annual dairy imports of $1.2-1.5 billion, citing neglect of the livestock sector. Speaking at a workshop on livestock reforms, Tinubu highlighted the sector’s potential to boost GDP and create jobs.
He assured stakeholders of foreign investor interest and pledged government support to revitalize the industry. Governor AbdulRahman AbdulRazaq emphasized the importance of ranching reforms to improve dairy production and reduce conflicts, while former INEC Chairman, Prof. Jega, stressed the need for sustainable sector reforms to unlock its potential.
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