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Global inequality must end now – Tinubu *Seeks Africa’s inclusion in UN, G20 leadership
Every effort to solve many crises facing the world will come to naught if a conscious effort is not made to offer Africa and other developing countries some spaces as participants on the leadership of big global stages such as the United Nations and G-20.
This was the warning President Bola Tinubu, sent to members on Monday, on arrival for the meeting of the G-20, which kicked off in Rio de Janeiro on the same day, warning that nobody should be left out in the move to make the world a livable place.
Tinubu, who conveyed his position through Yusuf Tuggar, Minister of Foreign Affairs, Emphasised the urgent need for the United Nations Security Council reform to ensure its continued relevance in global interventions, reiterating Nigeria’s readiness and capability to represent Africa within the group, also called on the G20 to champion the noble ideal, having admitted the African Union as a group member.
Hear him: “The Security Council should expand its permanent and non-permanent member categories to reflect the world’s diversity and plurality. Africa deserves priority in this. The Security Council should expand its permanent and non-permanent member categories to reflect the world’s diversity and plurality better.
“Africa deserves priority in this process, and two permanent seats should be allocated to it with equal rights and responsibilities. Nigeria stands ready and willing to serve as a representative of Africa in this capacity.”
He noted that the G20 now wore a toga of a forward-looking international institution that upheld reform-minded multilateralism, commending its decision to grant permanent membership to the African Union and for its consistency in sustaining the tradition of inviting guest countries to join the group.
Advancing that the disposition would allow the opportunity for more inclusive and effective discussions to address shared global challenges, he said: “Some permanent members of the Council have shown promising signs of support for this process, which is a positive development. We welcome this shift in attitude and call for a faster pace to the long overdue change.
“The world faces various challenges, including extreme poverty, inequality, climate change, terrorism, and global conflicts. These issues are exacerbated by longstanding inequities in the global governance system, which have led to unsustainable sovereign debt and distortions in access to capital markets, trade imbalances, unfair representations and hindered development in the Global South.
“It is our responsibility to find pragmatic solutions to fix these imbalances. Particularly pressing is global taxation, which profoundly impacts developing countries. The current international tax system, largely shaped by the interests of more affluent nations, often leaves developing countries at a disadvantage, especially in taxing digital economies.
“This systemic imbalance has led to significant revenue losses, hampering our efforts towards sustainable development and economic self-reliance.”
Tinubu while noting that Nigeria, alongside other African Group member states, championed a historic initiative at the United Nations, called for a framework Convention on Tax to establish a more equitable and inclusive global tax system.
He urged the G20 to heed the call by countries, especially those of the global South, to reform the international financial architecture, adding: “Multilateral institutions must be revamped to bridge the gap between the Global North and South. This is the path for the future and one the G20 must champion. Nigeria is committed to being part of that future through active participation in the G20 and our steadfast support for achieving SDG 2030 targets.”
On the same day he signed in to the global push to end the biting hunger many countries, including Nigeria are currently grappling with, saying the phenomenon must be given all the attention it deserves.
Tinubu, who made the commitment, also hailed the creation of the Global Alliance Against Hunger and Poverty, championed by President Luiz Inacio Lula da Silva of Brazil, describing the alliance as pivotal in the global fight against hunger and poverty.
At the 19th G20 Leaders Summit in the Brazilian capital, where he described the initiative as the right step to address one of the world’s most significant challenges, he said: “This bold and visionary step underscores Brazil’s leadership in addressing one of the most urgent and persistent challenges facing our world today. The creation of this Alliance marks a significant milestone in our global efforts to eradicate hunger and poverty, and it also sends a powerful message of solidarity to vulnerable populations around the globe.
“By fostering collaboration between governments, international organisations, and civil society, this initiative offers a comprehensive approach not only to addressing immediate needs but also tackling the structural causes of hunger and poverty.”
The President, while comparing the global initiative to one of the eight priority areas he outlined at his inauguration 18 months ago, expressing Nigeria’s eagerness to adopt international best practices to advance its economic development.
Stressing that Nigeria’s endorsement of the declaration of commitment to join the Global Alliance was a significant step in its efforts to address hunger and poverty by leveraging international cooperation and resources to bolster domestic strategies, he added that by supporting the initiative, Nigeria has also demonstrated a solid commitment to realising the Sustainable Development Goals (SDGs), particularly SDG 1, which focused on eradicating poverty, and SDG 2, which aimed to achieve zero hunger.
His words: “These goals are at the core of Nigeria’s development agenda, and the Alliance offers a platform to accelerate progress towards them. By collaborating with international partners, Nigeria aims to leverage best practices, innovative solutions, and financial support to enhance its efforts to combat poverty and hunger. The endorsement reinforces Nigeria’s role as a key player in global efforts to promote sustainable development and improve the quality of life for all its citizens.”
Fuel marketers across Abuja on Wednesday continued to sell Premium Motor Spirit (PMS), popularly known as petrol, at old prices more than 24 hours after Dangote Petroleum Refinery announced a reduction in its ex-depot price, Vanguard is reporting.
The paper reported that its investigation, showed that major retail outlets were yet to adjust their pump prices despite the N75 per litre reduction announced by the refinery on Monday.
At the retail stations visited in Abuja, the Nigerian National Petroleum Company (NNPC) Retail and TotalEnergies dispensed petrol at N1,335 per litre, while AA Rano sold at N1,350 per litre. AYM Shafa and Conoil outlets sold the product at N1,330 per litre.
The development comes amid growing public expectations that the reduction in Dangote Refinery’s gantry price would quickly translate into lower pump prices nationwide.
Explaining the delay, the President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Dr. Billy Gillis-Harry, said retail prices are influenced by several factors beyond refinery gate prices.
Speaking to Channels TV, Gillis-Harry said: “Prices reflecting at the pump are dependent on availability of the product, the other is the cost. The cost of purchasing the product and cost in terms of logistics, and preparing the particular petroleum to be delivered to the people”.
According to him, downward price adjustments often take longer to reach consumers because marketers need to recover the cost of existing stock purchased at higher prices before restocking at lower rates.
When asked why increases in fuel prices are usually reflected immediately while reductions are delayed, Gillis-Harry said the dynamics of supply management play a significant role.
He explained: “It is mainly affected by whether the producer has additional resources or not at the time. Increases in prices are mainly caused by the need to restock. There must be that advantage pushing the price upward to be able to pay for new supplies.”
He further acknowledged that marketers generally seek to exhaust existing inventory before implementing lower prices.
“That’s the basic idea. But in petroleum, a mixture is involved, and loss is taken, though not in a way that affects the capital needed to restock,” he added.
Also speaking on the issue, energy analyst Olabode Sowunmi said fuel pricing in Nigeria is influenced by a combination of domestic supply arrangements and logistics costs, rather than crude oil prices alone.
He noted that although international crude oil prices remain an important factor globally, their impact on local petrol pricing is not always direct.
“Global price of crude oil is a factor internationally and not necessarily in Nigeria,” Sowunmi said.
Explaining that Dangote Refinery operates under arrangements that allow a portion of crude supply to be priced in naira, reducing the direct impact of international market fluctuations on local fuel prices, he said: “So basically the issue will have to be from the point of refinery to where it touches the final person. Logistics costs within the domestic supply chain remain a major determinant of the final pump price paid by consumers.”
Peter Obi, candidate of the Nigeria Democratic Congress (NDC), has given assignment to Nigerians to put all those aspiring to take up political positions in the country through the grill to ascertain their level of integrity, saying it was required as a sine qua non for the job they seek.
Obi, who has been a subject of discussion in the polity since the allegation of corruption was levied against him by Kenneth Okonkwo, spokesman of his campaign in 2023, over the conduct of the party’s primaries to choose candidates for the 2027 general elections, said the grilling must start with his own person.
A guest in an interview on a podcast with Rufai Oseni, a popular television anchor, the former Governor of Anambra State, stated that it was actually for this reason that he had now sworn to see the litigation he instituted against Okonkwo through.
His take is that the Nollywood actor should use the courtrooms to give all the details of bad behaviour, following his threat to expose him fully, after alleging that he was collecting money from aspirants in the said election for electoral favours.
Hear him: “The issue of taking Kenneth Okonkwo to court wouldn’t have arisen if he had stopped at those allegations. But he claimed he still has more he would expose about me in the future. So, I am very happy to take him to court so that he can expose me publicly, alongside other Nigerians. If any of them has any criminal allegations against me, they should bring them to court.
“Not just Kenneth, everybody should now say those things they know that is bad about me or I did that is wrong because it’s good for the system, it’s good for the society,” Obi said.
“So, if you know that when we were in primary school, this man was cheating or didn’t go to the primary school, didn’t go to secondary school, didn’t do, if you know this man has done something criminal somewhere, this is time to bring it up.”
For the umpteenth time, Atiku Abubakar, former Vice President Atiku Abubakar has warned about the dangerous implication of using state institutions, particularly the judiciary to destroy Nigeria’s democracy, saying it is an ill-wind that blows nobody any good.
Atiku, presidential candidate of the African Democratic Congress (ADC), speaking on the heels of Tuesday’s verdict of the Court of Appeal, halting the de-registration order by the Federal High Court, insisted that judicial officers must not lend themselves to any act capable of undermining the nation’s democratic process.
The appellate court had ordered a stay of execution on the order made on Monday by Justice Peter Lifu of the Federal High Court Abuja, for the Independent National Electoral Commission (INEC) to deregister the ADC alongside four other political parties).
A totally scandalised Court of Appeal, sitting in Abuja, had taken umbrage, sparing no hard words in upbraiding the lower court judge, stating that his likes were unfit to sit on the bench.
In a unanimous ruling by a three-man panel, the court held that Lifu’s action was “the highest form of judicial impertinence”, stressing that the Supreme Court previously held that a judge who acted in such a manner.
Describing his conduct as the height of judicial rascality, the upper court, stated: “Courts are enjoined to protect their integrity. This Court has supervisory authority over the trial court.
“The decision of the lower court to proceed with the judgment despite the express order of this court is a brazen violation of the hierarchy of the court and the 1999 Constitution.
This court has the duty to invoke its powers in ensuring that its orders are obeyed. The application for a stay of execution is here yet granted. The enforcement of the judgment is stayed.”
Atiku, who hailed the position of the higher court, which restored his hope to be on the ballot as presidential candidate in the 2027 election, also noted the role of INEC as “significant.”
He said: “I welcome the Court of Appeal’s decision to stay the execution of the Federal High Court judgement seeking the deregistration of our great party, the ADC, and four other political parties. It is particularly significant that INEC itself initiated the application for the stay.
“The development reflects growing public concern over judicial contradictions and politically charged rulings within the judiciary. “Any attempt to undermine Nigeria’s hard-won democracy through judicial manipulation is a grave danger to the Republic. If our democracy suffers further injury, history will demand accountability from those entrusted with dispensing justice.
Outside ADC, Lifu’s order, also included: Action Democratic Congress (ADC), Action Peoples Party (APP), Action Alliance (AA), Accord Party (AP) and Zenith Labour Party (ZLP), similarly slammed for allegedly failing to meet the constitutional requirements for continued registration and participation in elections.
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