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Economic downturn: Billionaires Dangote, Elumelu to lead private sector in Tinubu’s Economic Advisory Panel

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By Emmanuel Agaji

Chairman of United Bank for Africa, Mr. Tony Elumelu, and the Chairman of Dangote Group, Aliko Dangote
President Bola Tinubu has created an economic advisory committee comprising the federal government, sub-nationals and the private sector.

This resulted from talks between the President and key stakeholders at the State House, Abuja, on Sunday evening.

The development came as the falling naira exchange rate, rising inflation and other economic headwinds have continued to worsen the cost of living crisis.

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Some of the prominent members of the private sector that made the list include the Chairman of United Bank for Africa, Mr. Tony Elumelu, and the Chairman of Dangote Group, Aliko Dangote.

Speaking at the meeting on behalf of the federal government, Tinubu said the goal “is to provide additional efforts” in stabilising the economy and ensuring the “best economic future” for Nigerians.

He said, “Let’s look at what we’re doing right and what we’re doing wrong to bring life back to the economy. As I have said many times, the people of this country are only the people we have to please.

“And we are very much concerned from students to mothers and fathers, farmers, the traders and realising that everyone of us will have to fetch water from the same well. We’re looking for additional efforts that’s might help the downtrodden Nigerians and we will provide hope and reassurance that economic recovery is on its way.

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“We are not saying that we have all the answers. But we will not be blamed for not trying. We assure Nigerians that we will do our best to get our marshall plan in place and fashion out the best economic future for this country.”

At the meeting, Tinubu discussed food security, job creation and the exchange rate.

Dangote, who was part of the private sector delegation on the committee, said Sunday’s gathering stakeholders the opportunity to clarify the specifics of their roles in President Tinubu’s Renewed Hope Agenda.

He explained, “I think we had a very good meeting. What we discussed is generally about the economy, food security and security of the nation. We discussed everything in detail.

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“The economic presidential advisory committee which has been set up…will look at all the issues and address them, coming from job creation and food security.

“So, all these things have been discussed in detail. I can’t give you all the details right now, but we are hopeful and we’re a great nation. We have what it takes to turn around the economy and we’re going to do that.”

Meanwhile, Elumelu noted implementing the decisions made that the gathering “will have propel our economy and help alleviate the poverty in the land, help create employment and help put food on the table of Nigerians.”

The Chairman of the BUA Group, Abdul Samad Rabiu, revealed that the committee held frank and exhaustive discussions with the President on the foreign exchange rate.

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Citing the recent volatility of the naira against the dollar, Rabiu said, “We discussed on how to bring the foreign exchange rate down because we all know that what is happening as regards the foreign exchange is artificial. It is manipulative and thank God the CBN is doing quite a lot.”

Meanwhile, states have expressed readiness to partner with the federal government’s welfare interventions to alleviate the hardship on Nigerians. They said the advisory committee’s decision would only yield results when execution is prioritised.

Governor Dapo Abiodun of Ogun State said, “As a governor, I can assure you that all hands on deck. All governors have resolved to join hands with Mr president to ensure that he provides the necessary intervention to cushion the effect of what we’re going through while we are waiting for the implementation and the evidence of the fiscal and monetary policies already in place.

“In my state and other states, we are bringing in rice, we’re bringing food items and selling at rates that can be obtained before the downslide of the naira. So we are going to be doing all these to bring succour to the common man until we begin to see the evidence of the fiscal and monetary policies.”

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On his part, Governor Charles Soludo of Anambra State said the tripartite committee “will be meeting from time to time to evaluate how things are going and make recommendations to Mr. President and the nation as well.”

The Director-General of the Manufacturers Association of Nigeria, Mr Segun Ajayi-Kadir, affirmed that the private sector “will play a very significant role” in promulgating workable recommendations to the President on economic matters.

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Prof Nnamchi Bags Excellence Award From Catholic Parish For His Investment In Youths(Photos)

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——As The Lawmaker offers Bursary to 84 Outstanding Students, Certificates In ICT To 1000 Others

The four-day grand finale of the Free training on information and computer technology, ( ICT) Programme sponsored by the Member Representing Enugu East/Isi-Uzo Federal Constituency, Hon. Prof. Paul Sunday Nnamchi, came to a successful conclusion on Sunday, 20th September, 2026 at St. Therese Parish, Phase Six, Trans-Ekulu, Enugu.

The programme, designed to equip young people with essential digital skills and improve their capacity to thrive in today’s technology-driven world, featured Bursary Awards to 84 outstanding students and presentation of certificates to over 1,000 students and youths drawn from communities across the constituency.

Highpoint of the colourful event was the presentation of a special “Award of Excellence” to Hon. Prof. Paul Sunday Nnamchi in recognition of his commitment to youth development, education and community empowerment by the St. Therese Parish, of Catholic Church, Phase Six, Trans-Ekulu, Enugu.

Presenting the award on behalf of the parish, Very Rev. Fr. Franklin Udeze expressed profound appreciation to Prof. Nnamchi for his numerous contributions to human capital development and what he described as his outstanding performance in the National Assembly. He prayed that God would continue to bless, guide and strengthen him in his service to the people.

In his response, Hon. Prof. Nnamchi appreciated the parishioners, youths and students for the honour and recognition, noting that God’s grace and their prayers had been his strength.

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He stated further that, “one of his primary objectives in the National Assembly is to ensure that students across Enugu East/Isi-Uzo Federal Constituency acquire computer literacy and essential digital skills”.

Prof Nnamchi also emphasized that the world had become increasingly technology-driven and that young people must be adequately prepared to participate meaningfully in the global community.

Earlier, the Programme Coordinator, *Engr. Igwe Daniel Nwachukwu, praised the parents and guardians for entrusting their children and wards to the programme and for supporting their participation throughout the excise.

He encouraged the beneficiaries to make meaningful use of the knowledge and skills acquired, stressing that the true value of the programme would be demonstrated through their ability to apply what they have learned to improve their lives, create opportunities and contribute positively to society.

Delivering the Vote of Thanks on behalf of the beneficiaries, Miss Avian Chimeziterem expressed sincere appreciation to Hon. Prof. Nnamchi for remembering young people and providing them with such a valuable and impactful opportunity.

She thanked the lawmaker and resource persons for investing in their future and assured that they would make good use of the skills acquired during the one month intensive computer training programme.

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The successful completion of the 4th edition, which trained 2,927 students marks another significant milestone in the lawmaker’s drive to promote digital literacy, youth empowerment and educational development in Enugu East/Isi-Uzo Federal Constituency.

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Ghana Urges ECOWAS States to Unite Against Climate-driven Insecurity

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By Gloria Ikibah

Ghana has called for stronger regional cooperation among ECOWAS member states to tackle the growing links between climate change, environmental degradation, population displacement and insecurity across West Africa.

The call was made on Tuesday by Ghana’s Vice-President, Professor Naana Jane Opoku-Agyemang, who represented President John Dramani Mahama at the official opening of the Second 2026 Parliamentary Seminar and Second Extraordinary Session of the ECOWAS Parliament in Accra.

The seminar, being held under the theme, “Climate Change as a Driver of Environmental Degradation, Population Displacement and Rising Insecurity in the ECOWAS Region,” is examining the growing impact of climate-related pressures on communities, livelihoods and regional security.

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Opoku-Agyemang said the interconnected nature of the challenges required ECOWAS countries to move beyond isolated national responses and develop coordinated measures capable of addressing both the immediate consequences and underlying causes.

She said: “We need stronger early warnings, better support for host communities, more resilient livelihoods and better coordination across our borders, acting before local pressures become wider humanitarian crises”.

The Vice-President said climate change should no longer be treated solely as an environmental matter, arguing that its consequences were increasingly being felt in development, humanitarian and security sectors.

She cited population displacement across the Sahel and neighbouring coastal states, noting that insecurity, environmental stress and disrupted livelihoods in one part of West Africa could increasingly place pressure on communities and national systems elsewhere.

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According to her, Ghana was working with ECOWAS to strengthen early-warning mechanisms through improved data sharing, closer coordination and stronger links between national and regional response systems.

Opoku-Agyemang also called for greater efforts to mobilise climate finance and invest in resilient agriculture, water management, coastal protection and clean energy.

According to her, ECOWAS already had important frameworks covering free movement, disaster risk reduction, climate action and early warning, but the priority should now be to ensure that the frameworks were fully implemented and adequately funded.

The Speaker of the ECOWAS Parliament, Hadja Mémounatou Ibrahima, also called for climate commitments to be translated into practical measures through legislation, budgets and effective oversight.

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“Our role is to ensure that public policy and budgets devoted to climate resilience … contain also the humanitarian dimensions, economic, social, migratory, and security concerns,” she said.

Ibrahima said recent flooding along parts of the region’s coastline had demonstrated how closely climate, humanitarian and security challenges were connected.

She therefore urged parliamentarians to use the seminar to develop practical recommendations capable of protecting vulnerable communities and preventing environmental pressures from escalating into conflict.

The Ghanaian Parliament called on ECOWAS member states to strengthen legislation on environmental governance, climate adaptation, disaster preparedness and sustainable management of natural resources.

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It also urged governments to improve protection for displaced persons, refugees and host communities, while creating opportunities for young people and women through climate-smart agriculture, renewable energy and entrepreneurship.

The Second Deputy Speaker of the Ghanaian Parliament, Hon. Andrew Asiamah, who represented the Speaker, emphasised that no ECOWAS member state can address the challenges alone.

He noted that rivers, ecosystems and environmental crimes did not respect national borders, making regional cooperation essential to tackling the problems.

Hon. Asiamah also warned that effective regional responses would require adequate financing, saying policies without the resources to implement them would remain largely aspirational.

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The Head of the Ghanaian Delegation to the ECOWAS Parliament, Kweku Ricketts-Hagan, said the regional Parliament had an important role to play in finding solutions to climate change and insecurity because lawmakers were closer to the people.

He called for a coordinated and holistic approach to the challenges confronting the region.

The Second Extraordinary Session of the ECOWAS Parliament will also consider the institution’s 2027 budget and activity programme.

The parliamentary seminar forms part of ongoing regional efforts to examine the relationship between climate change, environmental degradation, population displacement and growing insecurity in West Africa.

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ECOWAS Seeks New Regional Pact as Climate Crisis Threatens Security

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By Gloria Ikibah

The Economic Community of West African States (ECOWAS) has called for a new regional compact to tackle climate change, environmental degradation, population displacement and insecurity, warning that the region can no longer treat climate change as an environmental concern alone.

The call was made on Tuesday by the President of the ECOWAS Commission, General Birame Diop, represented by the Commissioner for Human Development and Social Affairs, Professor Nassirou Bako-Arifari, at the Second 2026 Joint Parliamentary Seminar in Accra, Ghana.

The seminar, which runs from September 21 to 23, is focused on “Climate Change as a Driver of Environmental Degradation, Population Displacement and Rising Insecurity in the ECOWAS Region.”

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Prof. Bako-Arifari said the consequences of climate change were already placing growing pressure on communities, livelihoods and regional stability, making coordinated action by governments and parliaments increasingly necessary.

He said: “The theme before us is not simply an environmental issue. It is a development issue, a humanitarian issue, a peace and security issue, and ultimately an issue of human survival and regional stability confronting ECOWAS member states. West Africa is among the regions of the world particularly vulnerable to the consequences of climate change. Rising temperatures, changing rainfall patterns, prolonged droughts, desertification, coastal erosion, floods and the degradation of forests and farmlands are placing unprecedented pressure on communities and livelihoods.”

Naijablitznews.com reports that the World Bank has projected that West African countries could see as many as 32 million people moving within their own countries by 2050 because of climate factors if concrete climate and development action is not taken.

Bako-Arifari said ECOWAS had begun work to address the financing challenge facing climate action, including efforts to establish a regional carbon market platform under Article 6 of the Paris Agreement.

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“Honourable Parliamentarians, Since 2024, the ECOWAS Commission has initiated an ambitious process aimed at establishing a regional carbon market platform in accordance with Article 6 of the Paris Agreement, a mechanism intended to mobilise necessary investments to address climate financing needs estimated at $294 bn for the region.

“Against this background, this Seminar is organised to provide a veritable platform for dialogue, knowledge-sharing, inter-institutional consultations to come up with concrete recommendations to strengthen climate resilience, human security and sustainable development in the ECOWAS Region”, he noted.

According to ECOWAS the region’s climate financing needs are estimated at $294 billion, while its regional carbon market initiative is being developed as one avenue for mobilising additional resources.

The ECOWAS commissioner placed particular emphasis on the role of parliamentarians, saying lawmakers had the power to translate regional commitments into national policies and practical action.

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“This brings us to the critical role of Parliamentarians. Parliaments are uniquely positioned to translate regional commitments into national action. You provide the legislative frameworks, approve national budgets, exercise oversight and, importantly, serve as a direct bridge between governments and citizens”, he said.

Bako-Arifari proposed stronger climate-responsive legislation and oversight, increased domestic and regional financing, better early-warning systems and more inclusive management of natural resources.

“First, strengthen climate-responsive legislation and oversight. Our laws and policies must adequately address environmental protection, climate adaptation, disaster risk reduction and sustainable management of natural resources.

“Second, prioritise climate financing. Climate resilience cannot be achieved through declarations alone. We need predictable domestic and regional resources, while also mobilising international climate finance and strengthening access to available funding mechanisms.

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“Third, strengthen early warning and early action. We must move from reacting to climate-related disasters to anticipating and preventing them. Regional early warning systems should be linked to communitylevel preparedness and rapid response mechanisms.

“Fourth, promote inclusive management of natural resources. Land, water, forests and fisheries must be managed transparently and sustainably. Local communities, women, young people, traditional authorities and other stakeholders must have a meaningful role in decision-making.

“Fifth, place youth and women at the centre of climate resilience. They are not merely victims of climate change. They are innovators, entrepreneurs, community leaders and agents of resilience. Investing in their skills, enterprises and participation is therefore an investment in the future stability of our region.”

Bako-Arifari said ECOWAS must also strengthen cooperation among member states on climate adaptation, disaster management, food and water security, environmental protection and the management of resources shared across borders.

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He therefore called for closer collaboration between governments, parliaments, civil society organisations, traditional authorities, the private sector, academia and development partners.

On the broader security implications, he said ECOWAS needed to adopt a wider understanding of security which went beyond the protection of borders and prevention of armed conflict.

But cautioned against waiting for environmental pressures to develop into humanitarian or security crises.

“The scale and complexity of this challenge require us to move from fragmented responses to a comprehensive regional climate-resilience and human-security agenda. We need a new understanding of security—one that recognises that security is not only about protecting borders and preventing armed conflict. It is also about ensuring that citizens have access to food, water, livelihoods, a safe environment and opportunities for a dignified life.

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“We must therefore be proactive and invest in resilience before crises occur. We must protect our ecosystems before they become irreversibly degraded. We must create livelihoods before desperation drives communities into displacement. Last but not the least, we must address grievances before they become conflict”, he added.

The commissioner urged parliamentarians to ensure that the seminar produced practical outcomes rather than becoming another forum for discussing the region’s climate challenges.

“Let us build an ECOWAS region embedded in in which climate resilience is development planning; where displacement is managed with dignity; where natural resources become instruments of cooperation rather than sources of conflict; and where our young people see a future of opportunity rather than one defined by environmental vulnerability and insecurity.

“Let our efforts continue to advance peace, security, resilience and sustainable development in the ECOWAS Region as ECOWAS transitions from ECOWAS of States to ECOWAS of People and Prosperity for All”, he stated. 

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