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Youth solicit world leaders support to tackle climate change



Youth solicit world leaders support to tackle climate change

The United Nations award-winning Nigerian, Noel Alumona, has urged world leaders to empower youths to address the issue of climate change ravaging the world.

Alumona, who is the founder of Boys Champions (BC), made the call while addressing United Nations Leaders and Youths on the topic “Climate Change and Youths Inclusion” to mark 2023 International Youth Day (IYD).

The address. posted on UN Web TV and Website, was obtained by the News Agency of Nigeria (NAN) on Tuesday in Enugu.

The IYD is an annual event celebrated every Aug. 12, to raise awareness and drive actions on issues affecting youths globally, with 2023 theme being “Green Skills for Youth: Towards a Sustainable World”.

According to Alumona, the world faces interconnected crises emanating from climate changes, adding that the challenges could be turned into an opportunity if leaders empowered young people with green skills and gave them the opportunities to address the challenges.

He said young people understood the problems better because their future was at stake as they were poised, with the sustainability, eco-skills and technology to solve these problems.

“As we approach the halfway point to 2030, the urgency to uphold the 2030 Agenda for Sustainable Development has never been greater and recommitting to the SDGs is our best roadmap out of them.

“Failing to act decisively will lead to irreparable damage to our planet and in Nigeria where I come from.

“We are constantly seeing the devastating effects of climate change, from increasing floods and droughts to coastal erosion.

“These changes are having a profound impact on the lives of people, especially women and children, and young persons with disabilities. This is almost the same globally but there is hope,”Alumona said.

He explained that voices and actions of the youths were crucial in pushing for global efforts to mitigate against and adapt to the challenges posed by climate change.

“As a youth myself, I represent the voices of all the hundreds of young people in this room, and the 1.2 billion young people globally.

“And I would like to say that climate change is a crucial battle for us as young people because its impacts will shape our future.

“As we hone these green skills, we require all the support from our leaders.We cannot do this on our own because we have the skills but we do not have the systems.

“We do not also have the finances. And I am glad that our leaders are listening to us here today.

“And I would like to tell them to prioritise young people, their skills and potential,” he advised.

Alumona noted that to navigate these complex global challenges, it was essential to recognise the unique perspectives, ideas, and energy that young people brought to the table.

According to him, youths are tired of sitting down to talk but demand actions by actively engaging in shaping the policies and initiatives that affect their future.

“You can tap into our creativity, innovation, and passion, ultimately fostering inclusive societies and sustainable world.

“Our programs at Boys Champions are focused on young people and as a result, we always employ several innovative methods to make their learning experiential.

“To achieve this, leaders can organise eco-friendly innovation competitions or challenges that encourage youths to come up with creative solutions to environmental problems.

“Changing the world alone is difficult and draining, but together we can make it happen.

Over 1,000 young people from 103 countries and leaders of the United Nations attended the event.

Through BC, Alumona continues to champion the cause to end Gender-Based Violence and other abuses against women in Nigeria.



Hardship: Protesters Defy Police Warning, Hit Lagos Streets



Residents have hit the streets of Lagos State to protest against the increasing spike in the price of food and the high cost of living in the country.

The protest was facilitated by a human rights group identified as the “Take It Back Movement.”

This comes against the warning issued by the Lagos State Commissioner of Police, Adegoke Fayoade, on Sunday.

The protesters were seen carrying placards of various inscriptions at Ojuelegba Under Bridge area of the state to express their grievances.

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CBN Lifts Ban On BDCs, Introduces New Operational Mechanism



In a major development aimed at financial stability and strengthening the naira, the Central Bank of Nigeria (CBN) plans to resume its weekly intervention in the country’s foreign exchange (FX) market through the Bureau de Change (BDC) operators.

In 2021, the central bank, in a bid to achieve its mandate of safeguarding the value of the local currency, ensuring financial system stability, and shoring up external reserves, announced the immediate discontinuance of foreign currency sales to Bureau de Change (BDC) operators in the country.

However, the resumed intervention, which would reportedly commence today for funding as well as Tuesday for collection, will see the apex bank inject FX into the subsector in a bid to rescue the naira from further depreciation against major currencies, particularly the US Dollar. The collection will be at designated CBN branches in Lagos, Abuja, Kano, and Awka, while details of the naira accounts to be credited for funding bidding will also be made available today.

CBN is also expected to publish the list of eligible BDCs to benefit from its funding using certain compliance criteria.National Executive Council of Association of Bureau De Change Operators of Nigeria (ABCON) hinted on the latest developments through a memo to its members over the weekend.

The association also warned members that it will no longer be business as usual under the new supervisory regime of the central bank, as any infringement or infraction would result in outright revocation of license and prosecution.

ABCON said through the association’s various engagements with the central bank, in conjunction with ABCON’s strategic partners, CBN had agreed to its request, under the bank’s supervision, to inject liquidity into the market through a weekly intervention beginning today.

CBN assured ABCON that the new circular on the Revised Regulatory and Supervisory Guidelines to BDCs, which was introduced over the weekend, was only a draft exposure that required the association’s inputs before the release of the final guidelines by the apex bank.

To that effect, the letters of the guidelines were not cast in stone, the association’s leadership told its members, who had been worried over the sweeping reforms in the document, which, among other things, prescribed N2 billion and N500 million minimum capital for national and state BDCs, respectively.

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