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Africa’s energy future is at a turning point. The newly established African Energy Bank aims to tackle the continent’s energy poverty, reduce dependence on foreign capital, and drive sustainable development. Discover how this game-changing institution could revolutionize energy access, spur economic growth, and empower millions across Africa.
The Nigerian pension industry is increasingly embracing sustainability through the integration of Environmental, Social, and Governance (ESG) practices. With a growing focus on green investments, pension fund administrators (PFAs) are aligning their strategies with sustainable development goals, driving positive environmental impact while ensuring long-term financial growth. However, the journey toward a fully sustainable pension industry is not without challenges. This article explores the current state of ESG practices in the Nigerian pension industry, the role of green investments, and the necessary steps for a more robust regulatory framework to support these initiatives.
In a landmark decision, Nigeria’s Supreme Court has reinforced the financial autonomy of Local Governments, ruling against State Governors withholding funds. This judgment empowers Local Governments to receive direct allocations from the Federation Account, fostering greater independence and enabling them to better serve their communities, marking a pivotal shift in Nigeria’s federal structure.
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