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President Tinubu Tasks African Leaders On Eco-Friendly Tourism

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President Tinubu Seeks More Collaboration With Traditional Rulers

President Tinubu Tasks African Leaders On Eco-Friendly Tourism

President Tinubu tasks African leaders on eco-friendly tourism. The president observed that tourism goes beyond travelling or visiting historic sites.

President Bola Tinubu has called on African countries to adopt policies that promote eco-friendly tourism and preserve cultural heritage across the continent.

Mr Tinubu, represented by the Vice-President Kashim Shettima, made the call on Wednesday while declaring open the 68th meeting of the UN Tourism Commission for Africa (CAF) in Abuja.

He sought practical solutions and alliances that would boost investment in tourism infrastructure, deepen the sector’s role in actualising the Sustainable Development Goals (SDGs) on the African continent.

According to him, the target is to make sure Africa becomes the heart of global discourse on how to harness tourism’s full potential to boost the continent’s economy.

The president declared Nigeria’s support for sustainable tourism practices across Africa, which he said reflected the continent’s unique challenges.

“By collaborating with regional bodies, such as the African Union, ECOWAS and UN Tourism, Nigeria encourages other African nations to adopt policies promoting eco-friendly tourism and preserving cultural heritage.

“This collaboration includes sharing best practices, tourism training, developing joint marketing campaigns for sustainable tourism and improving infrastructure to support intra-African travel.

“Through these regional initiatives, Africa can foster a continent-wide movement toward tourism that benefits both the people and the environment, driving long-term prosperity for Africa,” he said.

The president observed that tourism goes beyond travelling or visiting historic sites, waterfalls, mountains, and parks.

He maintained that the sector “is an engine of local economies, a catalyst for social understanding, and a bridge that unites cultures.
“The advent of technology and creativity has transformed tourism and its opportunities.

“Therefore, it is appropriate that this conference highlight the impact of AI, Innovation, and Creative Industries on the tourism sector,” he added.

Mr Tinubu highlighted the role of Nigeria’s creative industries in global tourism, which encompassed music, film, fashion, literature and digital arts.

The president  said the sector has “emerged as a powerful driver of economic growth, making significant contributions to the country’s GDP, job creation and economic diversification.”

”Nigeria’s Nollywood is one of the largest film industries in the world, generating substantial revenue from domestic and international markets.

”Similarly, the music and fashion industries have propelled Nigeria’s global cultural influence and generated income and employment opportunities.
“As we chart a new course for tourism in Africa, one thing is clear: the government cannot build the sector alone.

”It needs a partnership with the private sector. The sector’s growing complexity and opportunities demand this strategic partnership,” he said.

He implored participants “to focus on practical solutions and collaborative strategies that will strengthen intra-African travel, boost investment in tourism infrastructure and empower local communities.

Mr Tinubu also enjoined participants to deepen tourism’s role in achieving the Sustainable Development Goals (SDGs) and making African tourism the heart of the global conversation.

The minister of art, culture, tourism, and creative economy, Hannatu Musawa, urged African nations to leverage innovation, artificial intelligence (AI), and creative industries to unlock the continent’s vast potential in global tourism.

“I am passionate about Nigeria and the mission and commitment of President Tinubu. I believe in it because of his vision for Nigeria, which I believe will enable the country to take a seat in the comity of global nations as a developed nation.

”I pray the same for every African nation, and urge us all to rise together,” she said.
The minister noted that Mr Tinubu’s “Renewed Hope Agenda” is the guiding principle for Nigeria’s sectoral transformation, emphasising that “Africa stands at the forefront of change.

”The 21st century demands that we build economies not just from the ground but on people-powered prosperity, through tourism, culture, the creative economy and the arts,” she said
The secretary-general of UN tourism, Amb. Zurab Pololikashvi, commended the Tinubu administration for supporting the transformation of the tourism industry in Nigeria.

Underscoring tourism as the future of Africa, he said the continent is indeed the new frontier in world tourism, given its huge potential and limitless opportunities for innovation and creativity.

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Tinubu

Mr Pololikashvi urged leaders on the continent to address issues related to connectivity across the region by reviewing existing visa regimes in a bid to ease the movement of tourists across Africa and beyond.

Sen. Ireti Kingibe representing FCT, encouraged stakeholders across Africa to think boldly, as Africa is not just participating in the digital future of tourism.

“Today’s gathering is an opportunity to amplify the stories of home-grown innovations that attract tourists from the grassroots to the global stage.

” Let us use this space to exchange best practices, build cross-border collaborations and generate actionable strategies that place communities, especially women and youths, at the heart of our development agenda,” she said.

Economy

FG Inaugurates PenCom Board, Tasks Members On Protection Of Pension Assets

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PenCom

FG Inaugurates PenCom Board, Tasks Members On Protection Of Pension Assets

The Federal Government has inaugurated the Board of the National Pension Commission, reinforcing its commitment to transparency, accountability, and the protection of over ₦28 trillion in pension assets.

Speaking at the ceremony, the SGF, Senator (Dr.) George Akume, charged members to uphold strong corporate governance while maintaining a clear boundary between oversight and management.

PenCom

PenCom

The Board, led by Chairman Agbaje Opeyemi Olukayode, pledged to safeguard contributors’ funds and support national development, while the Director-General Omolola Oloworaran reaffirmed commitment to collaboration in delivering secure and timely retirement benefits for Nigerians.

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SEC Sign MoU With NYSC To Fight Ponzi Schemes

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SEC Warns Again Violation

SEC Sign MoU With NYSC To Fight Ponzi Schemes

SEC sign MoU with NYSC to fight Ponzi schemes. The initiative was designed to sensitise young Nigerians to the risks of fraudulent investment schemes and promote sound, legitimate investment practices.

The Securities and Exchange Commission and National Youth Service Corps have signed a memorandum of understanding to establish a community development service group focused on investment education for corps members.

The initiative was designed to sensitise young Nigerians to the risks of fraudulent investment schemes and promote sound, legitimate investment practices.

According to a statement by the SEC on Sunday, the MoU was recently signed by its director-general, Emomotimi Agama and NYSC director-general, Olakunle Nafiu.

It was also meant to promote financial literacy and sound investment habits among young Nigerians.

In addition, the collaboration will help equip corps members with essential knowledge and skills to identify and avoid Ponzi schemes and other illegal investment practices.

It will also help enhance public awareness campaigns against illegal financial schemes across all LGAs in the country, among other objectives.

“Based on the scope of the collaboration, SEC shall develop and provide relevant and up-to-date educational content, materials, and training modules on capital market operations, safe investment practices, and the identification and avoidance of Ponzi schemes.

“SEC will also be responsible for the content, resources and funding of training sessions for selected corps members and NYSC supervisors who will serve as trainers and facilitators in their respective communities.

SEC Warns Again Violation

SEC

“On its part, the NYSC shall facilitate the integration of anti-Ponzi scheme education into its Education and Enlightenment CDS programme. This may involve dedicated sessions, workshops, or awareness campaigns during orientation camps and throughout the service year,” said the statement.

The parties shall collaborate on joint awareness campaigns, utilising various channels and platforms, including social media, traditional media, and community outreach, to disseminate information on safe investment and expose fraudulent schemes.

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Persistent Grid Collapse, Weak Power Supply Worsening Economic Hardship: Oyintiloye

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DisCos Generate

Persistent Grid Collapse, Weak Power Supply Worsening Economic Hardship: Oyintiloye

Speaking with journalists on Sunday in Osogbo, Oyintiloye said the situation had continued to deteriorate despite assurances and reforms introduced by authorities.

He described unreliable electricity as a major setback to the federal government’s reforms in the power sector.

He appealed to President Bola Tinubu to urgently intervene, noting that poor power supply is worsening economic hardship across the country.

Oyintiloye said the poor supply has compounded the effects of the current heatwave, making living conditions more difficult for many Nigerians.

The former lawmaker called for the constitution of a panel to investigate recurring national grid collapses and persistent supply challenges despite significant investments.

“It is a terrible situation across Nigeria with persistent poor power supply,” he said.

“Many small-scale businesses and large industrial players are affected, while most homes cannot boast of even three hours of electricity supply daily for domestic use.

“Despite numerous reforms and promises, the national grid continues to collapse. The situation is now compounded by gas supply shortages, weak transmission infrastructure, and chronic underinvestment across the power value chain.

“Nigerians are groaning, and urgent action must be taken by the Minister of Power, Adebayo Adelabu, and his team. The situation cannot continue like this.”

Oyintiloye warned that the situation has already triggered protests in parts of the country and could escalate if not addressed promptly.

“The situation must be quickly addressed before it becomes a national embarrassment. Nigerians need to be informed whether the issue is due to structural failure or sabotage within the power sector,” he said.

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Electricity

“This epileptic power supply has led to a series of peaceful protests nationwide. I appeal for the President’s intervention before these protests turn violent.

“Electricity is essential for households and the survival of businesses. Since the end of last year, there has been no stable power supply across the country, despite assurances by those in charge and huge investments in the sector.

“Poor power supply should not be added to the challenges Nigerians are currently facing. The high cost of fuel has also made it difficult for those relying on generators to cope.”

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