TRIAL BEGINS OF CENTRAL AFRICAN EX-PRESIDENT BOZIZE OVER WAR CRIMES. (PHOTO).

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 Trial begins of Central African ex-president Bozize over war crimes A UN-backed court in the the Central African Republic will on Tuesday begin the trial in absentia of former president Francois Bozize, over crimes against humanity committed between 2009 and 2013. The alleged crimes committed by members of Bozize's security forces include murder, enforced disappearance, torture and rape. Bozize, 79, who seized power in a 2003 coup before being overthrown 10 years later by rebels, has been living in exile in Guinea-Bissau since March 2023. But three of his former senior military officers, Eugene Barret Ngaikosset, Vianney Semndiro and Firmin Junior Danboy, are all in pre-trial detention in the Central African Republic. Crimes against humanity The case will be heard by the Special Criminal Court (SCC), a hybrid jurisdiction located in the capital Bangui with Central African and foreign judges. In February 2024, the SCC issued an international arrest warrant for the former president ...
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FG SEEKS HIGHER INVESTMENTS, INCREASED TRADE FROM G-24. (PHOTO). #PRESS RELEASE.

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 PRESS RELEASE 


FG SEEKS HIGHER INVESTMENTS, INCREASED TRADE FROM G-24


The Federal Government has said that it needs investment and increased trading relationships from member countries of the G-24 as these will play a 

critical role in the country's quest for growth as well as

ensure a stable and growing economy by bringing tranquility to the tempestuous foreign exchange market.


The Honourable Minister of Finance and Co-ordinating Minister of the Economy, Mr Wale Edun, made the request at the ongoing World Bank-IMF Spring Meetings holding in Washington DC.


Represented by the Director General of the Budget Office  of the Federation, Mr. Ben Akabueze, the Minister informed the G-24, a group of countries working together to coordinate the positions of developing countries on international monetary and financial issues and indeed the global gathering that  Nigerian Government, on its part, has administered a cocktail of intervention programmes and potent policies which are already yielding desired outcomes.


He explained that 

the efforts of the President Bola Ahmed Tinubu-led Administration towards repositioning the economy 

were already yielding desired outcomes, which has significantly narrowed the gap between the exchanges at the parallel market and the Nigeria Foreign Exchange Market.


Edun said that Nigeria was well positioned to attract investments in various sectors such as manufacturing,  agriculture,  oil and gas, amongst others.


While responding to a question from a Russian journalist  on areas of cooperation between the two countries, the Minister said that the last major investment of the Eastern European nation in Nigeria was the Ajaokuta Steel Company, which currently lies prostate over large sprawling greenfield.


He informed further that apart from Brazil, there is no country in the world with as much arable land as Nigeria, as such, the country should be a net exporter of food and not an importer.


Edun also justified the decision for the Dangote Refinery to work on meeting local demands of petroleum products before eyeing export markets.


*Does it make a meaning that domestic demand is not yet met and a company refines products and exports, while Nigeria goes and imports the same products from Europe?* he queried.


The Minister added that local refining would be encouraged until indigenous demand has been fully met, and then the nation can export products as well as earn foreign exchange from such exports.


On budget implementation,  he said that the capital component of the 2023 supplementary budget was still being implemented and would run until June due to government’s determination to make impacts in various sectors.


The Minister added that the 2024 budget was being implemented as planned, assuring that the citizens would be better for it.


Signed 

Mohammed Danjuma *FCIA*

Director, Information  & Public Relations 

April 18, 2024

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