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Access Bank bags ‘Bank of the Year’ award

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Access Bank has affirmed its leadership of the Nigerian banking industry with its recent recognition as the “Bank of the Year” at the 17th annual Bank of the Year awards black-tie dinner in London.

Access Bank
L-R: Editor, The Banker Magazine, Michael Buerk; Group Managing Director/CEO, Access Bank Plc, Herbert Wigwe with the plaque for the Bank of the Year Award which the Bank won at The Banker Awards 2016 by The Banker Magazine in London

The award, which validates other nine international honours earned by the bank over the past 10 months for operation, responsible business practices and innovation, is unarguably one of the most coveted awards in the banking sector globally.

Presenting the award, Michael Buerk, BBC News journalist, commented, “In spite of the challenging operating environment and rapid changes in the industry, Access Bank has remained a formidable institution. Specifically, the bank has been a purveyor of innovation in the Nigerian banking space and consistently outperformed industry forecast. It is firmly believed that its operational model, risk management and governance framework, which enable sustained superlative financial performance need commendation.”

Although this view is consistent with analysts’ opinion on the bank in the past one year, but its Group Managing Director, Herbert Wigwe, who received the award for the bank, said: “While innovation, excellent risk and corporate governance framework might be the advantage we have over our competitors, the bank is propelled by a vision of becoming the world’s most respected African bank, and this requires us to do things differently to standout. He thanked the bank’s stakeholders for their support and assured them of improved performance in the years ahead.”

According to him, Access Bank over the year established a reputation as one of the most formidable financial institutions in Nigeria, adding that tThis is unconnected with its impressive growth trajectory and contributions to the development of the Nigerian economy through empowerment initiatives and practical SME schemes. He stated that, as an acclaimed innovative industry pioneer, the Access Bank has remained the choice of international financial organisations and multilateral agencies seeking partnership in Nigeria.

For some of its pioneering initiatives and outstanding performance, the bank has earned a number of recognitions in the past months. The recognitions include the “Karlsrushe Outstanding Business Sustainability Award”, “BusinessDay Banking Award – CEO of the Year”, “BusinessDay Banking Award – Best Bank of the Year”, “EMEA Finance Best Bank in Nigeria Award”, “EMEA Finance Corporate Responsibility Award (Pan-African)”, “EMEA Finance CEO of the Year (Pan-African” and “World Finance Most Sustainable Bank of the Year Award’.

The bank is particularly excited about its emergence at the “2016 Bank of the Year” because, according to officials, the award is renowned as a valuable reward for banking excellence, and recognition for achievements of outstanding individuals and exceptional institutions in the global banking landscape.

The Banker Awards is an annual event of the Banker Magazine, a publication of the Financial Times of London and world’s leading monthly journal of records for the global banking industry, with expertise in publishing developments in the African banking industry and beyond for more than 90 years.

World’s first ‘solar panel road’ opens in France

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Forget solar roofs. The world’s first solar road is here, in the small village of Tourouvre-au-Perche in Normandy, France. The 1km road was opened a week ago by French Ecology Minister Ségolène Royal and could generate enough electricity to power the street lights.

French Minister for Ecology, Sustainable Development and Energy Segolene Royal walks on a solar panel road during its inauguration in Tourouvre, Normandy, northwestern France.
The world’s first solar road was inaugurated in Normandy, a technology the minister hopes will develop in France and abroad despite criticism of its high cost and profitability. Photo credit: Charly Triballeau/AFP/Getty Images

That might not sound very impressive for 30,000 square feet of solar panels – and it kind of isn’t, especially for its $5.2 million price tag. The panels have been covered in a silicon-based resin that allows them to withstand the weight of passing big rigs and, if the road performs as expected, Royal wants to see solar panels installed across 1,000km of French highway.

There are numerous issues, however. For one, flat solar panels are less effective than the angled panels that are installed on roofs, and they’re also massively more expensive than traditional panels. Colas, the company that installed the road, hopes to reduce the cost of the panels going forward and it has around 100 solar panel road projects in progress around the world.

Solar Roadway is another company looking at building roads with solar panels, and it installed a small number of panels at the Route 66 Welcome Center in Conway, Missouri earlier this year. Still, they’re facing the same seemingly insurmountable cost problems as Colas and the French.

Maybe those solar roofs from Tesla are the better way to go after all.

By Jordan Golson (The Verge)

France submits long-term climate strategy to UN

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France has submitted its long-term climate action plan under the Paris Agreement to the secretariat of the UN Framework Convention on Climate Change (UNFCCC). It was submitted on Wednesday, December 28 2016.

Segolene Royal, Minister of Environment of France and COP21 President. Photo credit: zimblo.com

This makes the host nation of COP21 in Paris the fifth country to communicate its long-term climate strategies to the UN body, after the United States, Mexico (both submitted on Wednesday, November 16 2016), Germany and Canada (both submitted on Thursday, November 17, 2016).

The detals of this and other long-term plans can be accessed here.

Titled the “French National Low-carbon Strategy”, the highlights of the plan include a 40 percent target reduction in emissions by 2030 compared to 1990 and a 75 percent reduction by 2050 compared to 1990.

In accordance with Article 4, paragraph 19, of the Paris Agreement, all Parties to the UNFCCC should strive to formulate and communicate long-term low greenhouse gas emission development strategies, mindful of Article 2 and taking into account their common but differentiated responsibilities and respective capabilities, in the light of different national circumstances.

The COP, by its decision 1/CP 21, paragraph 35, invited Parties to communicate, by 2020, to the secretariat mid-century, long-term low greenhouse gas emission development strategies in accordance with Article 4, paragraph 19, of the Agreement

According to the UNFCCC, Parties who wish to communicate their long-term strategy to the secretariat are invited to send their submissions to NDCs@unfccc.int.

Mexico NAMA: Curbing emission through energy efficient housing

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The overarching goal of the Mexican NAMA Support Project is to implement the New Housing NAMA, which promotes cost effective, energy-efficient building concepts across the housing sector with a particular focus on low-income housing.NAMA, implies Nationally Appropriate Mitigation Action refers to a set of policies and actions that countries undertake as part of a commitment to reduce greenhouse gas emissions. Similarly, NAMAs are voluntary emission reduction proposals submitted by developing countries to the United Nations Framework Convention on Climate Change (UNFCCC).

NAMA, implies Nationally Appropriate Mitigation Action
The Mexico Housing NAMA promotes cost effective, and energy-efficient building concepts

The NAMA Support Project in Mexico contributes to the implementation of the NAMA in two ways:

  1. It promotes the penetration of basic efficiency standards throughout the entire new housing market in Mexico by means of: (a) technical assistance to large public housing financiers and housing developers and (b) financial incentives and project-related technical support for small- and medium-sized developers and financial intermediaries.
  2. It promotes the upgrading of energy efficiency standards to more ambitious levels.
Pilot project in Morelia
Pilot project in Morelia

Concept and methodological approach

This NAMA Support Project combines technical assistance to Mexico’s National Housing Commission (CONAVI), as well as financial incentives and project-related technical support in cooperation with the Mexican development bank SHF to pave the way from the initial NAMA development towards a broad, sector-wide implementation of sustainable housing.

NAMA provides financial incentives to the private sector and enables the National Government in the mid and long term to decrease its national budget spent on energy subsidies in favour of incentivising energy-saving and sustainable construction, as well as retrofitting residential buildings to improve the living comfort and energy expenses of the end-users. In the last year in Mexico, 10% of new social housing are NAMAs.

 

Current implementation status

Mexico’s national efforts and initiatives to foster energy efficiency and sustainability in the building sector, supported by the international community, created a strong conscience and commitment among the diverse public and private key actors of the sector. Today, Mexico is on track to gradually transform its building sector towards a low carbon sector, contributing significantly to its mitigation goals at national and international level. Among some of the most important outcomes are the following:

 

Awareness and International Climate Negotiations, Policy and Financing

  • The NAMA development and initial implementation helped Mexico to achieve a high level of visibility within the international climate community and strengthened its position as partner in the international climate negotiations.
  • The Housing NAMA has led to the mobilisation of international co-financing (e.g. extension of ECOCASA, NAMA Facility).
  • New financing schemes and instruments for the private sector towards a low carbon economy are being explored (e.g. Green Bonds with CONAVI).

 

Mitigation Potential

  • The implementation of the Mexican Housing NAMA has so far resulted in almost 60,000 newly constructed NAMA housing units. The mitigation potential of these units is estimated at 28.339 TCO2e per year.

 

Capacity Development and Innovation

  • More than 1,200 people have been trained in energy simulations and sustainable housing. Mexico disposes of an energy and environmental certification system for new and existing residential buildings (Sisevive-Ecocasa) being operated by the National Housing Register (RUV).

By Carlos Carrazco Cota, National Housing Commission (CONAVI); Andreas Gruner, German Development Cooperation (GIZ) in Mexico; and Antonio Pelaez, GIZ in Mexico

163 new species discovered in South East Asia

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A rainbow-headed snake and a dragon-like lizard are among 163 new species that scientists recently discovered in the Greater Mekong region in South East Asia, the World Wide Fund for Nature (WWF) disclosed recently.

A new species of newt called the tylototriton anguliceps in Chiang Rai, northern Thailand Photo Credit: Porrawee Pomchote/WWF

According to the conservation group, rapid development in the area, from dams to mines, is threatening wildlife survival.

The discoveries, published in a recent report, include a gecko in Laos with pale blue skin and a rare banana species discovered in northern Thailand that is critically endangered because of increasing deforestation.

The Greater Mekong, which covers Cambodia, Laos, Burma (also known as Myanmar), Thailand and the southern Chinese province of Yunnan, is home to some of the world’s most endangered species, according to scientists, who say that rare or endangered animal parts, including tiger bones and rhino horns, are seen as collector’s items by some and are often used in traditional medicine.

A new species of lizard called acanthosaura phuketensis in Phuket, Thailand. Photo credit: Montri Sumontha/WWF

In June, Thai wildlife authorities raided the Tiger Temple west of Bangkok, a popular tourist attraction. There they discovered scores of dead tiger cubs, frozen tiger carcasses, skins and dead cubs in jars, as well as other protected species.

It remains unclear why the Tiger Temple was storing dead tiger cubs and parts, although officials have said they might have been used for traditional Chinese medicine.

Jimmy Borah, Wildlife Programme Manager for WWF-Greater Mekong, said the new species discovered in the Greater Mekong region were a reminder that there is hope at a time when extinction rates are increasing at an alarming rate.

“The Greater Mekong region keeps reminding us that there are many incredible, unexplored areas, leading to new discoveries happening every year and it is crucial that we protect them before they are lost,” Borah told Reuters.

A 2016 report by WWF found that by 2020 global populations of fish, birds, amphibians, mammals and reptiles could have declined by two-thirds in just 50 years.

The Greater Mekong is a global hub for illegal wildlife trade.

“Many collectors are willing to pay thousands of dollars or more for the rarest, most unique and most endangered species, often buying them at the region’s illegal wildlife markets,” said Borah.

“To save them, it’s crucial that we improve enforcement against poaching and close illegal wildlife markets.”

Cheetahs are declining alarmingly, scientists warn

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Cheetahs may have once prospered, but they certainly aren’t anymore.

Cheetahs

Scientists examining the worldwide population of these swift, spotted cats have found that there are only 7,100 left in the wild, surviving on just 9% of their original land range – and that they should be upgraded from “vulnerable” (population decreasing) to “endangered” (seriously at risk of extinction) on the International Union for the Conservation of Nature’s Red List of Threatened Species (IUCN Red List).

The grim findings, published in PNAS, show that studying cheetahs in protected areas may make the species’ status look rosier than reality – and that conservationists may need to switch tactics if they want to prevent cheetahs and other threatened species from going extinct.

As humans have spread across every continent on Earth, it has often bode ill for nearby populations of large mammals. Tens of thousands of years ago, mammoths, saber-toothed cats and giant ground sloths roamed California – but these and other charismatic megafauna dwindled and went extinct around the same time that humans arrived on the scene. (Scientists are still studying whether humans, climate change or both helped lead to these species’ extinction.)

“The spread and dominance of humans across the world during the Anthropocene have precipitated a sixth global biodiversity extinction crisis,” the study authors wrote.

Photo shows onlookers standing over a leopard reportedly killed in Lagos, Nigeria in 1912. Today, over a century later, not a single leopard exists in the now highly urbanised Lagos city

The Anthropocene is the term used for the Earth’s current geological age – the chapter of its history in which human activity has profoundly affected the environment and global climate. One place where that effect is highly noticeable is in today’s extinction rate: The industrialisation and spread of human civilisation in recent times has accelerated the decline of much of the world’s iconic wildlife, be they giraffesrhinoceroseselephants or lions, among many others.

Large land-based mammals, the authors wrote, “can be especially vulnerable to anthropogenic impacts, such as habitat loss and fragmentation, human-wildlife conflict, illegal wildlife trade, and overharvesting for bushmeat or traditional use.”

Cheetahs, as it turns out, are no exception to that trend of decline. Known formally as Acinonyx jubatus, cheetahs today survive on only 9% of their past distributional range, according to the study authors. That’s a big deal for large carnivores – particularly for cheetahs that need a lot of space. Their home ranges can exceed 3,000 square kilometers.

As they have for other species, scientists, government officials and conservationists have worked to create protected areas to shelter these shrinking populations against poaching and deadly confrontations with farmers and other humans, among other risks.

But population estimates based on protected areas don’t tell the whole story, since wild animals don’t stay within these human-defined boundaries, the authors pointed out. And those inaccuracies are especially problematic for large mammals, because while cheetah populations might look OK within those well-patrolled areas, the dangers immediately increase for any populations living outside of those zones.

“Wildlife management authorities may be required to monitor wildlife within PAs (protected areas) but not outside them, and monitoring is usually more challenging outside PAs, because wildlife are more elusive and occur there at lower densities,” the study authors wrote. “This deficit leads to a lack of information on populations outside PAs, where they are generally more threatened, resulting in an overly favourable assessment of status.”

So for this paper, Sarah Durant of the Zoological Society of London and her international team of colleagues put together a comprehensive data set of cheetahs’ distribution and status, hoping to get a clearer picture about how cheetahs were really doing.

The findings were sobering. There appear to be only about 7,100 adult and adolescent cheetahs left in the wild, restricted to less than a tenth of their original range. On top of that, a full 77% of their current range actually falls outside of protected areas, which means the vast majority of the cheetahs’ range exposes them to a host of threats, from hunting or trafficking by humans to conflict and competition with humans.

“Establishing and maintaining protected areas (PAs) are key tools for biodiversity conservation,” the study authors pointed out. “However, this approach is insufficient for many species, particularly those that are wide-ranging and sparse.”

The scientists recommended that cheetahs be raised from “vulnerable” to “endangered” on the IUCN Red List.

In the meantime, conservationists, scientists and policymakers may have to shift their focus toward making those unprotected areas safer places for cheetahs to survive, rather than focusing all their efforts on the protected zones.

“For this shift to occur, new policy, management, and financial tools are needed that promote coexistence between people and wildlife outside and adjacent to PAs,” the authors wrote. “This innovation will require concerted action from governments and effective cross-sectoral engagement across the conservation and economic development communities.”

Doing so could provide a model for dealing with other threatened species – although getting there will present a new and complicated set of challenges, the scientists said.

“Securing sustainable solutions for wildlife and people will not be easy, particularly where threatened species may share their range with marginalised and vulnerable communities and where human development challenges are substantial,” the authors wrote. “However, unless this transformation is achieved, the future of wide-ranging and highly threatened species, such as cheetah, is in doubt.”

By Amina Khan (The Los Angeles Times)

As Amina Mohammed becomes Deputy UN Secretary General

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The Health of Mother Earth Foundation (HOMEF) sees the appointment of Amina Mohammed, Minister of Environment of Nigeria as the Deputy Secretary General of the United Nations, as a validation of her clear focus and universal commitment to the common good – and especially to the environment. Within the short time of her being on the seat as the environment minister, she worked tirelessly on many fronts including efforts to get the implementation of the United Nations Environment Programme (UNEP) report on Ogoniland a reality.

Amina Mohammed:Minister of Environment of Nigeria
Director, Health of Mother Earth Foundation (HOMEF), Nnimmo Bassey (left), with Minister of State Environment, Ibrahim Jibril (middle), and Minister of Environment, Amina Mohammed, at Warri in Delta State before visiting a polluted site, in 2016

Under her tenure, the Hydrocarbons Pollutions Remediation Project (HYPREP) was restructured and gazetted. The structures needed to implement the clean-up process have been set up and work on the ground was expected to commence by the year’s end.

One other front on which this Amazon fought gallantly was to ensure that the flawed superhighway project of the Cross River State Government did not proceed without an approved Environmental Impact Assessment (EIA) and the free prior informed consent of the forest communities.

She has also worked on the plans to set up the Great Green Wall as an economic corridor that would integrate local populations in the battle to check the desertification menace in Northern Nigeria.

HOMEF regrets that, under her watch, the National Biosafety Management Agency issued hasty permits to Monsanto to introduce three genetic engineering events into Nigeria on Sunday, 1st May 2016. We have called for a radical review of the law setting up the agency to eliminate conflict of interests where board members are also applicants for licenses and tightening safety rules for the protection of our biodiversity and human health. We are hopeful that steps will be taken to address this issue.

On the whole, the mark of her administration has been a bottom-up approach with communities extensively consulted on plans and projects. The team of Amina Mohammed and the Minister of State for Environment, Ibrahim Jibril, showed that, with commitment, understanding and determination, it is possible chart a positive path and to make a difference, within very difficult circumstances.

HOMEF congratulates and sends our very best wishes to Ms Amina Mohammed as she assumes her next assignment. Her time in the Ministry has shown that this is one sector where concerted efforts can be holistically tackled for the benefit for all Nigerians irrespective of which part of the nation they reside in. We strongly hope that the Ministry of Environment will continue on the path of pro-people actions and that the Minister of State will seamlessly step up to fill in the gap.

By Nnimmo Bassey (Director, HOMEF)

Activists lend credence to UN expert’s view on Lagos water policy

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The Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) has commended the recent statement by the United Nations Special Rapporteur on the Human Rights to Water and Sanitation, Leo Heller, who described the 2017 budget proposal for the water sector in Lagos State as unacceptable.Activists lend credence to UN expert’s view on Lagos water policy.

Activists lend credence to UN expert’s view on Lagos water policy
Akinwunmi Ambode, Governor of Lagos State. Photo credit: ecomium.org

Heller’s comments came just weeks after Governor Akinwunmi Ambode presented the 2017 budget to the Lagos State House of Assembly. During the budget presentation, the governor proposed that the state would rely heavily on public-private partnership (PPP) schemes to improve water supply.

Lagos citizens insist that PPPs usually involve private “financing”, which is different from “funding”, which can be provided by a government; because, unlike public infrastructure spending, private partners always expect to make back any money they invest, plus a profit.

Heller said, “Government reports indicate alarmingly high deficits in the sector, representing clearly unacceptable conditions for millions of the megacity’s residents.”

While calling for increased government funding of the water sector and consideration of proven alternative approaches such as for Public-Public Partnerships (PUPs) instead of private partnerships, he pointed out: “For more than a decade, the government has adopted a hard-line policy according to which the solution would seem to only attract private capital, notably via public-private partnerships (PPPs).

“Numerous civil society groups have urged the government to guarantee their right to participate in these processes. I believe that a participatory process is key to finding an adequate solution. But the alternatives proposed by civil society are not given meaningful consideration, while negotiations to initiate PPPs between public authorities and private investors have reportedly occurred in secret.”

Noting the importance of the comments of the Special Rapporteur, the ERA/FoEN Deputy Executive Director, Akinbode Oluwafemi, said: “We welcome the timing of these comments just a few days before members of the Lagos House of Assembly weigh in on the governor’s 2017 budget which underpins delivery on water promises to the myth called PPP.”

Oluwafemi explained that Governor Ambode’s budget was released several weeks after his own officials actively sought out copies of the recently published water policy book, Lagos Water Crisis: Alternative Roadmap for Water Sector, but failed to meaningfully incorporate any of its detailed recommendations for improving the Lagos water sector. According to him, the Special Rapporteur identified the deterioration of water infrastructure managed by the Lagos State Water Corporation (LSWC) and a non-participatory process run by the state government among others as the causes of the vulnerability the people have been exposed to for more than a decade now.

Oluwafemi maintained that civil society groups are in agreement with the solutions proposed by Heller such as boosting the effectiveness of the public service provider, including by adopting appropriate financing schemes and responsibly reducing water losses.

“These recommendations are in agreement with our water policy book, in which we have identified the problems of the sector and elucidated a workable roadmap both at the short term and the long term as alternative to the unworkable and failure-prone private participation being proposed by the Lagos government.

“As the debate towards the passage of the budget commences, we expect the State House of Assembly will do the needful by re-prioritisation of water through increased budgetary allocation, put a stop to all on-going PPP arrangements and create a structure to ensure Lagos benefit from the vastly available PUPs and other pro-people models for water management,” Oluwafemi added.

Coal in commercial quantity discovered in Sokoto

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Coal deposit in commercial quantity has been discovered in Sokoto State, a development observers describe as a boost to the Federal Government efforts to diversify the nation’s economy to agriculture and solid minerals.

Mining coal in a deposit

Other solid minerals so far discovered and awaiting exploration include phosphate (for making fertiliser), gold, limestone, gypsum, iron ore, copper, columbite, tantalite, zinc, and kaolin.

Speaking during a capacity building workshop on Special Purpose Vehicles (SPVs) for beneficial participation of state governments in mining, jointly organised by the Federal Ministry of Mines and Steel Development and the Sokoto State Ministry of Solid Minerals and Natural Resources Development, Governor Aminu Waziri Tambuwal said the state government has already engaged a Chinese company to research on the available mineral resources, determine their locations as well as their commercial viability.

He said the company has presented the first phase of its findings and identified 20 varieties of solid minerals.

On coal, the government said the Cement Company of Northern Nigeria (CCNN), otherwise known as Sokoto Cement and owned by the BUA Group, has started using the substance as a source of energy in operating its plant.

“BUA will use coal sourced from Sokoto to fuel the 40MW power plant being constructed at the factory. The new cement plant can use both coal and LPFO (Low Pour Fuel Oil), and will source its power needs from the power plant, with the excess generated power moved to the national grid,” BUA Founder, Abdussamad Rabiu, told reporters during a recent tour of the factory.

He added that BUA’s $300 million investment in the new cement plant is the single largest private sector-led investment in Nigeria’s North West and has the capacity of producing 1.5 million metric tonnes of cement per annum.

By Abdallah el-Kurebe

EnviroNews launches mobile app

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Leading online environment and development magazine, EnviroNews Nigeria, has launched an Android version of its mobile app.

The mobile app bears the EnviroNews brief logo

The mobile app makes it easy and convenient for its readers across the world to access the medium’s multimedia news and stories via their smartphones.

Commenting on the development, Publisher/ Editor, Mr. Michael Simire, said: “This is a vital first step forward in our determination to ensure a personalised digital experience. Just as we have it on the conventional site, the categories and focus areas are clearly indicated and easily accessible. Some of these are: Agric & Biotech, Cover, Climate Change, Human Settlement, Marine, Water & Sanitation, Sustainable Development, TV Reports, and Science & Tech.

“Our readers and visitors are central to how we develop these services, and their feedback has been important in the creation of the mobile app. Technological innovation is key in the development of the industry and, as a leading online environment and development magazine, the desire is to be able to provide a platform that makes reading pleasurable for everyone.”

The new app is available as “EnviroNews” via the Google Play Store and is free to download.

According to Simire, the IOS version of the mobile app will follow shortly.

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