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Business

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ICT

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Capital Market

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Insurance

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Insurance

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New UN, UNDP Resident Representative, Samoura, Promises Full Support to Nigeria

United Nations (UN) Resident Co-ordinator and United Nations Development Programme (UNDP) Resident Representative in Nigeria, Ms. Fatma Samoura, has presented her Letters of Credence to the Federal Republic of Nigeria through Hon. Geoffrey Onyeama, Minister of Foreign Affairs of the Federal Republic of Nigeria.

As outlined in paragraph 34 of the Annex to the General Assembly resolution 32/197 of 20 December 1977, Ms. Samoura, on behalf of the UN system, will have overall responsibility and exercise team leadership for the co-ordination of operational activities for development in Nigeria.

During the presentation ceremony, Ms. Samoura highlighted the challenges faced by the national authorities, especially in addressing poverty and responding to the development and humanitarian needs of the North Eastern parts of the Nigeria.

She pledged full support to the people and government of Africa’s largest economy in efforts aimed at meeting both short and long term development goals, including achieving the Sustainable Development Goals (SDGs).

She promised the commitment of the over 19 UN Agencies, Funds and Programmes in the country to work closely with the Government and other partners in implementing the national development agenda, and to intensify efforts that will sustain development advances the country has so far made.

The UN Ambassador also used the occasion to commend the Government of Nigeria for the ongoing rehabilitation of the UN House and pleaded for its speedy completion, adding that this would enhance operational efficiency and facilitate even more effective support to the government and people of Nigeria.

Onyeama assured the UN Ambassador and the UN system in Nigeria of an unparalleled support of the Ministry and Government to the mission of the UN and committed to helping address all operational bottlenecks to enable the UN system operate even more effectively and efficiently.

Samoura, a Senegalese national, comes to Nigeria with rich experience. Before her appointment (2010-2015), she was UN Resident Coordinator and UNDP Resident Representative for the Republic of Madagascar. She has over 20 years’ experience in the UN system having held leadership positions including; Country Director and Representative, Guinea, (2009-2010);

Representative and Country Director, Cameroon, (2005-2007); Representative and Country Director, Djibouti, (2000-2005) and Senior Logistics Officer, Italy (1995-2000).

During her tenure with WFP, Ms. Samora was seconded to the Office for the Coordination of Humanitarian Affairs in Chad from 2007-2009. Before joining the UN, she worked in the private sector and has travelled extensively in Africa and beyond. She speaks English, French and Spanish.

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Topics

An Industry Roadmap for Next Commissioner for Insurance

Considering the contests Nigeria has experienced to have candidates elected into political offices this year, I would sometimes wish that other offices, though professional but equally political, undergo such contests involving manifesto-based campaigns and broad consultation with stakeholders. More than the just concluded elections, the emergence of a new Commissioner for Insurance (CFI) and helmsman of National Insurance Commission (NAICOM) through appointment by the President matters and should matter for many Nigerians. This is because the Nigerian insurance industry bears the promise of employment to increasing number of young job seekers, the opportunity of long term investible funds as we enhance our infrastructural base and the hope for improvement in the management of the emergent risks associated with decisions concerning our national economy.

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US Oil Import from Nigeria Down 67%

The United States decreased its oil import from Nigeria by 67 per cent in 2014, signaling growing economic pain and sustained pressure on foreign reserves, already down to $29.3 billion as at April 15, 2015, its lowest point since 2010. Figures from the US Department of Commerce suggest that U.S. total trade in 2014 (exports plus imports) with sub-Saharan Africa (SSA) also went down by 18 per cent to $52.1 billion compared to 2013. “In 2014, U.S. imports from SSA decreased by 32 percent, falling to $26.7 billion and representing only 1.1 percent of total U.S. imports from the world. This decrease was mostly due to a 51 percent decrease in U.S. mineral fuel and oil imports from SSA. U.S. imports from SSA originated, for the most part, from South Africa Nigeria, Angola, Côte d’Ivoire, and Chad,” the report says.

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