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We Must Sustain The Ease Of Doing Business Reforms – Osinbajo

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OFFICE OF THE VICE PRESIDENT | PRESS RELEASE

The Buhari administration’s business reforms, through the Presidential Enabling Business Environment Council (PEBEC), is an opportunity to significantly boost local and foreign investments in the country, according to the Vice President Yemi Osinbajo.

Prof. Osinbajo spoke today at a virtual meeting of the PEBEC to review the state of the reforms across a number of government agencies, noting that the Federal Government will continue to take the opportunity and ensure that more results are recorded.

As a result of the work of PEBEC, the World Bank has praised the economic direction of the Buhari administration and ranked the country higher in its annual Ease of Doing Business Rankings.

According to the Vice President, “This is a country with so much promise, this is a country that has so much resources and our administration has every opportunity to do something profound about investments in Nigeria.

“We must focus on how to get our business environment working.”

Earlier in his presentation, the Minister of Industry, Trade and Investment, Otunba Niyi Adebayo expressed optimism that the challenges observed in sustaining the successes recorded in the reforms will be addressed.

On his part, the Minister of the Federal Capital Territory (FCT), Alhaji Mohammed Bello, said sustaining the PEBEC reforms is a priority for Nigeria as the country would not have risen in the Ease of Doing Business rankings if not for PEBEC.

The Special Adviser to the President on Ease of Doing Business, Dr. Jumoke Oduwole, said the Enabling Business Environment Secretariat (EBES) will continue to drive the mandate of PEBEC through extensive collaborations, adding that the National Action Plan 5.0 has been extended to July 29, 2020.

Attendance at the meeting, chaired by Vice President Yemi Osinbajo, included Minister of Industry, Trade and Investment, Otunba Niyi Adebayo; Minister of Interior, Mr. Rauf Aregbesola; Minister of FCT, Alhaji Mohammed Bello; Minister of Communication and Digital Economy, Dr. Isa Pantami; Minister of Information, Alhaji Lai Mohammed; Minister of State for Industry, Trade and Investment, Amb. Mariam Katagum; Head of Civil Service of the Federation, Dr. Folashade Yemi-Esan; Special Adviser to the President on Ease of Doing Business, Dr. Jumoke Oduwole, amongst other members of the council.

*Laolu Akande,*
Senior Special Assistant to the President on Media & Publicity,
Office of the Vice President.
21 July 2020

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Tributes Pour In After Death of Welsh Music Icon Bonnie Tyler at 75

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Tributes have poured in from across the entertainment industry following the death of legendary Welsh singer Bonnie Tyler at the age of 75.

Tyler, best known for timeless hits including Total Eclipse of the Heart, Holding Out for a Hero, and It’s a Heartache, died in a hospital in Portugal after complications from emergency intestinal surgery. Her family confirmed the news and requested privacy during this difficult time.

Among those paying tribute were actress Catherine Zeta-Jones, who described Tyler as an extraordinary talent with a joyful spirit, while fellow musicians including Rod Stewart and Bryan Adams praised her distinctive voice, enduring influence, and remarkable career.

Tyler rose to international fame in the 1980s with her powerful, raspy vocals, earning Grammy nominations and building a career that spanned five decades. Her music continued to resonate with audiences worldwide long after her chart-topping success.

Fans across the world also took to social media to celebrate her life and legacy, remembering her as one of the defining voices of pop and rock music whose songs inspired generations.

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FG to Airlift About 300 Nigerians From South Africa Over Xenophobia Concerns

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The Federal Government of Nigeria has announced plans to airlift about 300 Nigerians from South Africa on Wednesday following renewed xenophobic attacks and rising security concerns.

The evacuation is part of the government’s efforts to ensure the safety and welfare of Nigerian citizens affected by the recent wave of violence and hostility targeting some foreign nationals in South Africa.

According to government officials, the returnees voluntarily registered for evacuation after expressing concerns over their safety and livelihoods amid the unrest.

Relevant Nigerian authorities, in collaboration with officials in South Africa, have coordinated the evacuation process, including travel arrangements and necessary documentation for the affected citizens.

The Federal Government reiterated its commitment to protecting Nigerians abroad and said it would continue engaging South African authorities through diplomatic channels to address the situation and safeguard the rights of Nigerians residing in the country.

The planned evacuation comes as both countries continue efforts to strengthen bilateral relations while addressing recurring incidents of xenophobic violence that have affected foreign nationals in South Africa.

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UN AI Safety Panel Warns Scientists Cannot Rule Out ‘Catastrophic Harm’ From Artificial Intelligence

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The ‘s inaugural AI safety panel has warned that scientists cannot dismiss the possibility of “catastrophic harm” arising from increasingly advanced artificial intelligence systems.

In its assessment, the panel said AI has the potential to deliver enormous benefits across sectors such as healthcare, education, scientific research, and economic development. However, it cautioned that the technology also poses significant risks if left without adequate safeguards.

The experts noted that while there is no consensus on the likelihood of extreme AI-related scenarios, the possibility of catastrophic outcomes cannot be ruled out, making proactive governance and international cooperation essential.

The panel urged governments, technology companies, researchers, and international institutions to work together in establishing robust standards for AI development, transparency, accountability, and risk management.

It also emphasized the need to balance innovation with public safety, ensuring that the rapid advancement of AI technologies does not outpace regulatory frameworks designed to protect societies.

The report comes as countries around the world intensify efforts to develop AI policies amid growing concerns over misinformation, cybersecurity threats, job displacement, privacy, and the long-term implications of increasingly capable AI systems.

The panel concluded that global collaboration will be crucial to maximizing AI’s benefits while minimizing risks that could have far-reaching consequences for humanity.

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