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V&A Dundee: Latest UK Museum To Strip Sackler Name From Walls

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V&A Dundee, the Scottish branch of London’s Victoria and Albert Museum, has stripped the Sackler name from its galleries, but will not be returning the £500,000 (roughly $627,000) it was gifted from the Sackler Trust before opening in 2018.

With this, V&A Dundee becomes the latest in a long line of storied cultural institutions worldwide to distance itself from Sackler family. According to reports, Signage acknowledging the donation was removed from view last month, while a separate plaque in the museum’s Oak Room was taken down in September 2022.

Read More: Congolese Arts Refuge Helps Street Children Find Voice

Members of the Sackler family were among the world’s most active museum benefactors. They funded new wings and galleries, as well as endowed directorships and curatorships, at institutions worldwide. But in recent years, members of the family have faced scrutiny over their role in exacerbating America’s opioid epidemic through the aggressive marketing of the highly addictive painkiller Oxycontin, produced by Purdue Pharma.

The pharmaceutical company was long operated by members of the Sackler family, several of whom have been individually sued over their involvement in the health crisis. In 2021, Purdue Pharma was formally dissolved. The family denied wrongdoing but was made to pay out billions of dollars to settle various legal claims.

Facing demands from artists and activists to sever their ties to the disgraced family, several major institutions announced that they would no longer be accepting money from the Sackler Trust.

The Metropolitan Museum of Art severed ties to the family’s money in 2019, and in December 2021, began removing the Sackler name from seven galleries.

Congolese Arts Refuge Helps Street Children Find Voice

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Oze Makvala, 19, who has slept rough on the streets for years, takes part in a workshop with other homeless teenagers at Mokili Na Poche cultural centre, a Congolese arts refuge that helps street children, in Kinshasa, Democratic Republic of Congo September 5, 2023. REUTERS/Justin Makangara

A small recording booth on the outskirts of the Congolese capital Kinshasa has become a safe space for homeless teenagers to rap and sing about their life on the streets and dreams of a brighter future.

Lyrics about sexual abuse, theft, and run-ins with the police lay bare the hardships faced by the few dozen children and young people who attend the Mokili Na Poche Cultural Centre – a day refuge offering a place to wash, eat, and learn to those in need.

“it really makes me happy when I sing,” said 19-year-old Osé Mavakala, who has slept on the streets for years like more than 20,000 other homeless children in Kinshasa, according to U.N. Agency UNICEF.

Other teens looked on with pride as Mavakala rapped intently into the microphone at a session in late august.

He has been coming to the centre for the past three years, taking part in the music, art, and literacy classes it offers from 8 a.m. to 7 p.m. local time. Founder Cedrick Tshimbalanga hopes these skills and the routine will help the children find their feet and their voices.

The classes are also a chance for the young people to make up for lost opportunities. While Democratic Republic Of Congo has made progress in boosting access to education, over 7 million children aged between five and 17 still do not have access to schooling, according to UNICEF.

FG Hikes Electricity Meters Price By 40%

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The Federal Government, on Wednesday, announced an increase in the prices of single-phase and three-phase pre-paid electricity meters and declared that the hike takes effect from September 6, 2023.

In the order, released by the Nigerian Electricity Regulatory Commission the government stated that a single-phase meter would now cost N81,975.16k from the previous price of N58,661.69k, while the price of a three-phase meter was raised from N109,684.36k to N143,836.10k

In the past couple of months, the cost of various commodities in Nigeria’s energy sector has continued to rise steadily

In explaining the reason for the hike in costs of the meters, the NERC said it was to ensure fair and reasonable pricing of meters to both Meter Asset Providers and end-use customers.

It said the hike would ensure MAP’s ability to recover reasonable costs associated with meter procurement and maintenance, while ensuring that their pricing structure allowed for a viable return on investment.

“Evaluate the affordability of meter services for consumers, aiming to prevent excessive pricing that could burden end-users. Ensure that MAPs are able to provide meters to end-use customers in the prevailing economic realities,” the commission stated.

It said the closure of the metering gap for end-use customers was fundamental to the financial sustainability of the Nigeria Electricity Supply Industry as end-use meters provide revenue assurance to both the utility and their end-use customers.

“The Meter Asset Provider scheme is one of the four frameworks in the regulations for the provision of meters to end-use customers in NESI.

“Section 8(1)(c) of the regulations provides that the costs of single-phase and three-phase meters issued by MAPs, inclusive of all other associated costs of installation and warranties shall be at the regulated rates approved by the commission.

“The commission notes that significant changes in macroeconomic indicators, such as inflation and changes in the foreign exchange rates have necessitated a review of the regulated rates for MAP meters,” the NERC stated.

Flights Cancelled As Rain Storms Pound Southern China Region

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The remnants of Typhoon Haikui drenched southern China for a third day since making landfall, and airports in Guangdong province cancelled hundreds of flights due to stormy weather on Thursday though winds had weakened.

Although storm clouds moved westward towards Guangdong, one of the country’s richest provinces, more downpours were still forecast for the southeastern province of Fujian, where state media reported economic losses had reached 5.054 billion yuan ($690.81 million) since the typhoon made landfall on Tuesday.

In Guangdong’s capital Guangzhou, Baiyun Airport, one of the busiest in China, cancelled 316 flights and delayed 271, according to flight tracking app Flight Master. Shenzhen’s Baoan Airport cancelled 176 flights and delayed half of its flights while Zhuhai’s Jinwan Airport cancelled 91 and delayed 74.

Torrential rain reportedly led to rivers overflowing in the Guangdong town Tangxi, and some villages suffered severe waterlogging. Over 350 people, including elderly, women and children were relocated from low-lying areas, according to state media.

The China Meteorological Administration forecast rainstorms in central and eastern Guangdong, the southern part of Jiangxi province, southern areas in Hunan province, the northeastern areas of the Guangxi region, and the central part of the island of Hainan, while northern parts of Guangdong and the southeastern coast of the province were expected to be hit harder.

Later this week, the storms are expected to continue in Guangxi bringing the southwestern region extreme rainfall on Friday and Saturday before potentially dissipating on Sunday. Authorities issued warnings of mountain torrents and geological disasters for the cities of Guilin, Laibin, Guigang and Wuzhou.

Flooding in parts of Fujian province during the past two days forced the evacuation of nearly 300,000 people and damaged more than 2,500 homes.

Almost 10,000 hectares (24, 710 acres) of crops in Fujian were inundated.

Intense rains in the city of Fuzhou shattered 12-year-old rainfall records, surpassing the amount brought by Typhoon Doksuri late July.

Nigeria Records $8.57bn Undisbursed W’Bank Loans

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Nigeria has about $8.25bn undisbursed World Bank loan as of July 2023.

This was based on data obtained from the Summary Statement of Loans/Credit/Grants on the website of the World Bank.

A breakdown further showed that the undisbursed loans included $7.45bn from the International Development Association and $1.12bn from the International Bank for Reconstruction and Development.

The undisbursed loans encompass loans approved but not signed as well as the signed loan commitments.

The IBRD and the IDA, which make up the World Bank, have, over the years, advanced loans to Nigeria.

The IBRD lends to governments of middle-income and creditworthy low-income countries, while the IDA provides concessionary loans – called credits – and grants to governments of the poorest countries.

The undisbursed loans reportedly might drive Nigeria’s debt to the World Bank from $12.72bn to $21.15bn.

It showed that the yet-to-be-disbursed loans could increase Nigeria’s debt to the lending institution by 66.27 percent.

This was according to the audited financial statements of the World Bank for the fiscal year 2022, which showed that the bank was yet to disburse about $8.12bn to Nigeria as of June 30, 2022.

Explaining the reason for the yet-to-be-disbursed loans, particularly the signed loan commitments, the bank said, in its 2022 statements, that the “loans are not effective and disbursements do not start until the borrowers and/or guarantors take certain actions and furnish documents.”

World Bank Pledges Support For President Tinubu’s Policies, Reforms

Data obtained from the Debt Management Office showed that Nigeria currently owed World Bank $14.33bn as of March 31, 2023.

A breakdown showed that Nigeria $13.84bn IDA loan and a $488.35m loan, according to the DMO’s external debt report.

The Federal Government recently said it has no intention to borrow from any local or foreign organisation with its removal of subsidy on petrol and exchange rate harmonisation.

The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, revealed this at the end of the inaugural Federal Executive Council meeting in Abuja.

However, speaking at a press briefing on Friday, Edun clarified that the Federal Government will still proceed with the loan requirement approved in the 2023 budget.

However, the government wants to stop borrowing for recurrent expenditure and focus only borrowing for capital expenditure.

He said, “Government is not in a position to borrow if you consider 90 per cent debt service to revenue and behind that, a rising debt to GDP ratio. If you look at the last budget, you will see that there is a borrowing requirement built into it, appropriated by the National Assembly. And that is ongoing.

“It is an indication of the commitment of the government to find other sources of funding rather than relying on borrowing and to bring down or even eliminate a certain type of borrowing as soon as possible. That type of borrowing is borrowing for recurrent as opposed to borrowing for capital expenditure, which has a return and which is self-financing.”

Sand Dredging Endangers Marine Life, Coastal Communities – United Nations

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Around six billion tonnes of sand is dredged from the world’s oceans every year, endangering marine life and coastal communities, the UN says.

Sand is the most exploited natural resource in the world after water and is used to produce concrete and glass.

The UN Environment Programme (UNEP) said some vessels were acting as vacuum cleaners, dredging both sand and micro-organisms that fish feed on.

This means that life may never recover in some areas.

The new data coincides with the launch of a new analysis tool called Marine Sand Watch that monitors dredging activities using marine tracking and artificial intelligence.

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“The scale of environmental impacts of shallow sea mining activities and dredging is alarming,” said Pascal Peduzzi, who heads UNEP’s analytics centre GRID-Geneva.

The new platform estimates that out of some 50bn tonnes of sand and gravel used by humanity each year, an average of six billion tonnes come from the world’s oceans and seas.

This is the equivalent of “more than one million dump trucks every day”, Mr Peduzzi said.

The marine environment must be given time to recover, he said, adding that “it’s not sustainable”.

Large vessels were “basically sterilising the bottom of the sea by extracting sand and crunching all the microorganisms that are feeding fish”, Mr Peduzzi said.

Sometimes the sand is dredged to the bedrock, meaning marine life may never recover, he added.

The UNEP recommended that sand dredging should also be banned from beaches to protect coastal resilience and economies.

Sand is essential for constructing buildings, roads, hydroelectric dams and solar panels. It can also play an important environmental role, protecting communities from rising sea levels.

The South China Sea, the North Sea and the US east coast are among the areas where the most dredging has occurred, the report states

Local Defence Production: Nigeria-India Sign $1b Pact

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Nigeria’s President, Bola Tinubu has approved a $1 billion agreement with India to boost the local manufacturing and production of Defence Industries Corporation of Nigeria DICON.

The agreement aims to make DICON 40% self-sufficient in local manufacturing by 2027.

The President approved during an interactive session with investors in India on the sidelines of the G20 summit.

Advancing his mission to attract investors to Nigeria, President Tinubu emphasized that under his pragmatic leadership, agreements must now manifest in industries and jobs on the ground in Nigeria.

“Do not procrastinate. Don’t be frightened about investments in Nigeria. Bring it on. Ask your questions and make your requests. The trade and investment opportunities are enormous. I have a team, and I am the captain of that team, and I assure you that we solve problems,” the President affirmed.

The Nigerian Leader expressed gratitude to all Indian companies and individuals who have responded positively to his administration’s efforts to improve Nigeria’s macroeconomic and investment climate.

President Tinubu informed prospective investors that there are existing good economic policies in Nigeria as well as adequate human resources that can drive the goal of broad prosperity through investment and infrastructure.

“I will captain and lead the course of investment, development, and prosperity for the largest democracy in Africa and investors from the rest of the world,” the President added, reiterating that Nigeria is open for business with intelligent, innovative, capable, and highly committed individuals in government, who are ready to drive the largest economy in Africa to destiny.”

The President further expressed his satisfaction with the Nigerian stock market saying that he is “he is proud” that the Nigerian stock market had broken records in its consistent bullishness since he assumed office.

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, who addressed the roundtable themed, “Building Partnerships with Renewed Hope for a Diversified and Prosperous Economy,” lauded Mr Naveen Jindau, Chairman of Jindal Steel and Power Limited, for the $3 billion investment in iron ore processing and steel development in Nigeria.

Commending the Tata group and others who have immediately responded to Mr President’s moves to attract investment into Nigeria, the Finance Minister appreciated the participants at the summit, “I also wish to thank Mr Sunil Bharti Mittal, Founder and Chairman of Bharti Enterprises, for his continued commitment to invest in the first phase at least 700 million dollars more in Nigeria.“

Minister Edun further used the opportunity to explain the underlying principles of President Tinubu’s eight-point strategy, emphasizing that his agenda aims to promote growth and job creation, poverty reduction, food security, improved access to capital, inclusivity, business and citizen security, and fair play on a foundation of rule of law and anti-corruption.

On behalf of investors, the Chairman of Bharti Enterprises, Mr Sunil Bharti Mittal lauded the Nigerian leader for releasing what he described as crucial capital to upgrade Nigeria’s public infrastructure.

“You have unified the FX market. You have freed up crucial capital to upgrade your public infrastructure. Now, you have just dropped your prepared remarks and have spoken from your heart. Our investors have heard from a leader who is doing everything possible to attract capital to Nigeria for the benefit of Nigerians and our companies. Mr. President, we will bring these investments to Nigeria, and with your inspiring leadership style, we can only do more and more.”

FG Supports Revenue Mobilization Commission

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The Vice President of Nigeria, Kashim Shettima has assured the Revenue Mobilization Allocation and Fiscal Commission of government’s support to make it more proactive and responsive to its mandate.

He gave the assurance on Tuesday when he received a delegation of the Commission led by its Chairman, Mohammed Shehu in his Office at the Presidential Villa, Abuja.

Earlier, in his remarks, the Chairman informed the Vice President on the activities and achievements of the Commission especially in the area revenue generation and the efforts put in place towards addressing some of the challenges facing the Commission.

While underscoring the importance of the Commission to the polity, the Vice President stated that the work of the Commission transcends all tiers of government especially as it relates to its onerous task of assisting the government to generate adequate revenue to deliver the democratic dividends across the federation.

He noted that the Nigerian government, under President Bola Tinubu, would address some of the challenges facing the Commission, noting that some of the solutions might require inputs from the subnational including the legislature and judiciary.

The Vice President stated further that since the Commission is a constitutional body, any amendment to its mandate must pass through the National Assembly especially any changes that would affect its operations, so that “you can perform your constitutional functions without difficulties.”

Speaking earlier, the Chairman of the Commission, Mohammed Shehu, informed the Vice President on the activities and achievements of the Commission especially in the area of revenue generation and the efforts put in place towards addressing some of the challenges facing the Commission.

He however disclosed that the Commission needs the support of government in its bid to find solutions to some of the challenges, for it to deliver on its mandate effectively.

The Revenue Mobilization Allocation and Fiscal Commission is an agency of the government that oversees the revenues accruing to the government and the disbursement of such funds from the Federation Account.  The body also assures that there is conformity and equity in the nation’s revenue allocation formulae.

Britain’s Second Largest City Declares Bankruptcy

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Birmingham’s council provides services for over a million people.

Britain’s second-biggest city effectively declared itself bankrupt on Tuesday, shutting down all nonessential spending after being issued with equal pay claims totaling up to £760 million ($956 million).

Birmingham City Council, which provides services for more than one million people, filed a Section 114 notice on Tuesday, halting all spending except on essential services.

The deficit arose due to difficulties paying between £650 million (around $816 million) and £760 million (around $954 million) in equal pay claims, the notice report says.

The city now expects to have a deficit of £87 million ($109 million) for the 2023-24 financial year.

Sharon Thompson, deputy leader of the council, told councilors on Tuesday it faces “longstanding issues, including the council’s historic equal pay liability concerns,” according to the United Kingdom’s PA Media news agency.

Thompson also blamed in part the UK’s ruling Conservative Party, saying Birmingham “had £1 billion of funding taken away by successive Conservative governments.”

The UK economy still can’t cope with the consequences of Brexit

“Local government is facing a perfect storm,” she said. “Like councils across the country, it is clear that this council faces unprecedented financial challenges, from huge increases in adult social care demand and dramatic reductions in business rates incomes, to the impact of rampant inflation.”

“Whilst the council is facing significant challenges, the city is very much still open for business and we’re welcoming people as they come along,” she added.

A spokesperson for UK Prime Minister Rishi Sunak told reporters on Tuesday: “Clearly it’s for locally elected councils to manage their own budgets.” The spokesperson added that the government has been “engaging regularly with them to that end and has expressed concern about their governance arrangements and has requested assurances from the leader of the council about the best use of taxpayers’ money.”

The council’s leader John Cotton elsewhere told the BBC that a new jobs model would be brought into the council to tackle the equal pay claims bill.

The multicultural city is the largest in central England. It hosted last year’s Commonwealth Games, a major sporting event for Commonwealth countries, and is scheduled to hold the 2026 European Athletics Championships.

Prepaid Meter: Nigerian Electricity Regulatory Commission Approves Upwards Price Increase

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The Nigerian Electricity Regulatory Commission (NERC) has approved an upwards price increase in the price of pre paid electricity meters in the country.

In a circular signed and dated 5 September 2023 by the commission’s Chairman and Commissioner Legal, Licencing and compliance, Sanusi Garba and Dafe Akpeneye, respectively, it stated that a single phase pre paid meter would now cost N81,975.16k from the N58,661.69k while three phase pre paid meters is increased to N143,836.10k from N109,684.36k.

The circular said the new price was to ensure a fair and reasonable pricing of meters to both MAPs and end-use customers.

“Ensure MAP’s ability to recover reasonable costs associated with meter procurement and maintenance while ensuring that their pricing structure allows for a viable return on investment. Evaluate the affordability of meter services for consumers, aiming to prevent excessive pricing that could burden end-users. Ensure that MAPs are able to provide meters to end-use customers in the prevailing economic realities.