Read more about this project. In 2010 at Hong Kong, an extensive consultative process began at a joint conference and this culminated in specific commitments to action. So if Emaka wants to buy $1000 US dollars and sell Yen, he will quote a micro par USDJPY. (2020). Currency market trading moves from market to market. 20, Special Issue: National Development and Mitigation Pathways, pp. The SDGs agenda is not just for the government or NGOs or the private sector alone to implement. The subsequent sections discussed the potential and benefits of renewable energy towards achieving sustainable development in Nigeria. BMW sells cars in the US in USD but remits those funds to Germany in Euros. ILO. Most of the indices are not positive. FAO. This global momentum has at its heart a promise to leave no one behind. The Cross River Government has expressed its readiness in achieving the Sustainable Development Goals (SDGs) 2030 in the state. Sustainable Development Goals and Nigeria is about how Nigeria is implementing the Sustainable Development Goals within the thirty-six states and its Federal Capital Territory (FCT), Abuja. For Nigeria to be able to effectively explore the benefits of social work towards achieving the SDGs, a key point in focus would be the social work professionalisation bill which has been at the national assembly for years running. Strengthen the means of implementation and revitalize the global partnership for sustainable development. To reemphasize, because of the way that they are structured, the SDGs cannot be achieved without the active involvement of everybody, including the general public, businesses, the civil society and the government. The Nigerian workforce, especially its burgeoning youth population, needs to be gainfully employed for the country’s poverty rates to come down. READ: Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize. Opening of the land borders is a welcome development as it will positively influence the prices of goods in the short to medium term. The quest for sustainable economy is not feasible . He is passionate about the empowerment of the private sector, especially SMEs, to drive the economic growth and development of Africa. A more holistic and sustainable way of addressing human need is promoted through tackling poverty, education, health, economy and employment which are all human development concerns. Take Emeka as an example, he wants to export cocoa to Holland, he will earn dollars from that transaction, Emeka then wants to buy rice from Japan and import it back to Nigeria. Turning the tide on e-waste in Nigeria protects the environment and creates safer jobs. On the other hand, the policy had caused setbacks for Nigerians whose major business activities had depended on the land borders such as the cement producers, manufacturers, freight forwarders and transporters and many other companies with a viable export business. In fact, a recent report by the Sustainable Development Goals Center for Africa—”Africa 2030: Sustainable Development Goals Three-Year Reality Check”—reveals that … The SDGs’ strength and promise lie in their comprehensiveness. They cover almost all facets of development, from healthcare to education to poverty reduction to innovation, so much so that if we are able to record a 70% success rate in achieving the SDGs, we will be taking a giant leap in our development as a country. 5. Downloadable! The last GDP numbers announced also showed a contraction of the trade sector (down 12.1% y/y). There are no comments at the moment, do you want to add one? They had also undertaken five strategies geared towards the achievement of sustainable development. A joint publication entitled ‘The Global Agenda for social work and social development commitment to action’ was developed. READ: Food and agriculture market in Africa to rise above $1 trillion by 2030 – AfDB President. The project will provide immunisation for 100,000 children and women to support progress towards the Sustainable Development Goals with respect to health and education Doha, 5 … Stakeholders working to achieve the United Nations Sustainable Development Goals (SDGs) in Nigeria, said the nation could address extreme … 20, Special Issue: National Development and Mitigation Pathways, pp. Currencies are also bought in lots sizes, stated as Micro, Mini and Standard Lots. READ: Nigeria’s food Inflation rises by 110.5% in five years. The United Nations Development Programme (UNDP) says Nigeria will require additional 350 billion dollars to achieve the Sustainable Development Goals (SDGs), which will … A. Adediran, Lijadu, M. O. For instance, they both identify with terms such as human dignity, inclusiveness, respect diversity, equality and non-discrimination, empowerment, reliance, resilience, and self-help and realisation of full potential. Achieving sustainable development in Nigeria through social work. The United Nations Development Programme (UNDP) says Nigeria will require additional 350 billion dollars to achieve the Sustainable Development Goals (SDGs), which will end in 10 years’ time. Nairametrics frequently publishes articles from experts such as financial analysts, economists, researchers and investors. READ:  Nigeria’s inflation rate rises to 12.34% as COVID effects bite harder. SDGs programmes should also be made part and parcel of the curriculum of schools in Nigeria, at the primary, secondary and tertiary levels. In addition, each of these 17 Sustainable Development Goals has a number of targets that help us to narrow down our focus to specific deliverables. In September 2015, the global community agreed at a United Nations general meeting to set up the 2030 global agenda as a call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity. This means you cannot simply buy just US Dollars, as you would buy say shares of Tesla. Signing the bill into law will no doubt give social workers a strategic role to play in advocating for most of the targets of the Agenda 2030, including educating disadvantaged people who lack access to education, help displaced persons become more economically aware and develop the skills to participate and contribute to the economy as well as ensure good health and well-being, zero poverty rate and decent work and economic growth for citizens. SDG-focused organizations should be empowered to do more advocacy and spread the message to the grassroots and the nooks and crannies of the country. We also suggested that the government limit the ban to items that were being smuggled where the country has a decent supply level to meet demand. -- READ: CBN strongly denies establishing a poultry farm to support its monetary policies. The Sustainable Development Goals in Nigeria; Gender Equality Sustainable Development Goal 5 Gender Equality Achieve gender equality and empower all women and girls. On a m/m basis, the core sub-index rose by 0.71% in November ( 1.25% in October). UNFPA. Governor of Central Bank of Nigeria yesterday warned that achieving the sustainable development goals (SDGs) in … READ: NBS hits back at Prof Hanke, says Nigeria’s inflation is not 33%. February 2014 European Journal of Sustainable Development … According to the World Poverty Clock, an estimated 105 million Nigerians – or 51% of the entire population – currently live in extreme poverty. As the lead UN development agency, UNDP is well-placed to help implement the Goals through our work in some 170 countries and territories. It highlights our policies, programmes and activities. Achieving the Sustainable Development Goals: The Role of Financial Inclusion . READ: Two cryptos you should consider investing in. READ: CBN’s revised policy on the dairy industry. Energy is central to the economy because it drives all economic activities. Lastly, it has been established that the SDGs and social work values are intertwined. Affordable and reliable energy availability is the precondition for sustainable development. 846-865. Entrepreneurship Development as a Catalyst for Reducing Youth Unemployment and Achieving Sustainable Development in Nigeria / Adebusuyi Iyiade -- Re-Invigorating the Teaching and Learning of Cultural Values as Panacea for Moral Decadence in African Society / A. For example, Goal 8 (Decent Work and Economic Growth) has 12 targets, including “Diversify, innovate and upgrade for economic productivity” whose indicator is “Annual growth rate of real GDP per employed person.”. The Sustainable Development Goals (SDGs) are a set of 17 aspirations for economic, social, environmental and political prosperity that every country in the world is enjoined to achieve by 2030. Thus, BMW will quote EURUSD 1.21110/1.21115 to a broker, meaning he wants to buy Euros and sell US Dollars at a spread of 5 pips. We also feature articles from guest writers and bloggers who wish to push their views and opinions through our platform. Thus, traders seek to move from a less in-demand currency to a currency in demand. The difference in the pips of the pairs is the spread. The Sustainable Development Goals (SDGs) consists of seventeen global goals designed as a "blueprint to achieve a better and more sustainable future for all". 846-865. The Global Environment Facility-Small Grants Programme Nigeria provides grant, technical and coordination support to poor and marginalized communities through national NGOs/CBOs to implement local environmental initiatives that also enhance their livelihood while achieving global environmental … This is just the basics. A close look at these agenda proves they are closely knitted with what the SDGs stand for. Today’s complex challenges—from stemming the spread of disease to preventing conflict—cannot be tackled neatly in isolation. In my work, I try to address many of the challenges associated with achieving sustainable development. But almost three years down the line, there is no doubt Nigeria’s progress on achieving these goals has dragged too slowly, mostly as a result of lack of will and inadequate policies to them on track. Sustainable development is the organizing principle for meeting human development goals while simultaneously sustaining the ability of natural systems to provide the natural resources and ecosystem services on which the economy and society depend. The Sustainable Development Goals (SDGs) consists of seventeen global goals designed as a "blueprint to achieve a better and more sustainable future for all". READ: Central Bank says monetary policy not to blame for rising food cost. READ: Border closure boost sales and profits for Nigeria’s Agroproducers. These strategies include: To promote social and economic equality, to ensure the dignity and worth of the persons, to promote sustainable communities and environmentally sensitive development, to promote well-being through sustainable human relationships, and to ensure an appropriate environment for practice and education. The average Nigerian simply does not know what the SDGs mean and, consequently, does not appreciate their importance. How do we begin to address this slow progress and ensure that Nigeria is on track to achieve the SDGs by 2030? By Omoh Gabriel in Lima, Peru. In the same vein, increased electricity tariffs (the implementation of the new tariffs that was briefly suspended has been re-introduced) will also contribute to inflationary pressures. If you ask 10 random people on the streets of Lagos or Abuja or Onitsha or any other city in Nigeria what the SDGs are, chances are that at least 9 of them will be completely lost. READ: Export of our products in West African sub-region now less competitive – MAN. Currencies are quoted in pairs. Currently, I’m involved in a number of major projects in Southeast Asia and Africa. Since the adoption of the Sustainable Development Goals (SDGs), Nigeria has continued to demonstrate its commitment to the SDGs promise through leadership and ownership of the implementation process. Thus, the market will open in Asia, then to Europe, then the Americas, and back to Asia, closing on Friday evening to reopen Sunday evening. Intern ationa l Journ al of A cademi c Rese arch i n Busi ness a nd Soci al Sci ences. In this study, it is established that renewable energy and energy efficiency are two components that should go together to achieve sustainable development in Nigeria. Despite their instrumentality to the accelerated and all-inclusive development of Nigeria, we are not on track to achieve the SDGs, barely 10 years away from the due date. Recently, there were reports that armed men on motorcycles led a brutal attack on civilian men and women who were harvesting their fields and at least 43 persons were killed and others kidnapped. Learn how your comment data is processed. In our opinion, opening of the land borders is a welcome development as it will positively influence the prices of goods in the short to medium term in light of the economic shocks caused by the pandemic and the recent food scarcity brought about by poor harvests, incidences of flood and insecurity in the food-producing regions especially amidst expectations of increased demand during the Christmas festivities. Entities. A large spread means few buyers and sellers, while a smaller spread means lots of bids and offers so less room for arbitrage, READ: U.S dollar drops, nears two and a half years low. (1.21110 less 1.21115). The subsequent sections discussed the potential and benefits of renewable energy towards achieving sustainable development in Nigeria. The food sub-index rose strongly to 18.30% in November, 0.92ppt higher than October’s 17.38 while it rose by 2.04% on a m/m basis (0.08ppt higher than October’s 1.96%). November 01. In this study, it is established that renewable energy and energy efficiency are two components that should go together to achieve sustainable development in Nigeria. achieving sustainable development in Nigeria. Energy and sustainable development in Nigeria. The various goals bring an interconnected understanding of human needs and concerns that are economic, social and environmental. Now imagine lots of European companies are exporting to the US and need to get Euros, they will keep selling US Dollars and buying Euros. googletag.pubads().definePassback('/42150330/nairametrics/Nairametrics_incontent_new', [300, 250]).set("page_url", "%%PATTERN:url%%").setClickUrl("%%CLICK_URL_UNESC%%").display(); Agro Centric Kogi State is state with highest food inflation rate in Nigeria @24.3%, Export of our products in West African sub-region now less competitive – MAN, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, Border closure boost sales and profits for Nigeria’s Agroproducers, CBN’s revised policy on the dairy industry, Food and agriculture market in Africa to rise above $1 trillion by 2030 – AfDB President, Lagos says 2020 land use charge law is people friendly, introduces self-billing method, CBN strongly denies establishing a poultry farm to support its monetary policies, Central Bank says monetary policy not to blame for rising food cost, Nigeria’s inflation rate rises to 12.34% as COVID effects bite harder, Nigeria’s inflation rate to moderate by first half of next year, NBS hits back at Prof Hanke, says Nigeria’s inflation is not 33%, Nigeria’s food Inflation rises by 110.5% in five years, Two cryptos you should consider investing in, Currency traders relatively neutral on U.S dollar, despite impressive U.S Jobs report, Ecobank drags client to court over N25 billion unpaid ‘debt’, Mr. Eazi plans to sell shares of his streamed music, U.S dollar drops, nears two and a half years low, Professional forex traders reveal their secrets to successful trading, Bamboo says USD Wire Transfer option is no longer available for deposits, When he sells his Cocoa, the dollar rate may have fallen, When he wants to buy Rice in Yen, Yen may have risen. [email protected] and we will publish it within 24 hours of approval by our editorial team. Energy is central to practically all aspects of sustainable development. I will dissect the mystery of currency trading with this post. HUMAN DEVELOPMENT REPORT 2018 ACHIEVING HUMAN DEVELOPMENT IN NORTH EAST NIGERIA iii Chapter 4 Journeying Towards a ‘New Way of Working’: A Framework Model for Achieving Rehabilitation, Re-Integration and Sustainable Development 55 4.1 In Search of Models that Deliver 56 4.1.1 The UNs ‘New Way of Working’ 56 Climate Policy: Vol. READ: PayPal Crypto service on high demand. From the environmental perspective, deforestation and desertification have continued to spread almost unabated, threatening the country’s rich but fragile biodiversity and the livelihoods and very existence of the people living in the worst affected areas in the process. If you have never traded currencies or want to start, you are in the right place. The also majorly target similar groups – women, children, and youths, persons with disabilities, older persons, indigenous peoples, displaced people, migrants and refugees. He writes on a wide range of subject matters, including entrepreneurship, youth empowerment, the SDGs and financial literacy. V ol. On a m/m basis, the headline inflation index increased by 1.60% in November, 0.06ppt higher than October’s 1.54%. With the right information and enlightenment, the average Nigerian will become an advocate of the SDGs and he or she will self-mobilize to play an active, critical role in the implementation of the 2030 Agenda in Nigeria. With the continued manifestation and intensification of poverty, child and maternal mortality, unemployment, HIV/AIDS and other economic problems in Nigeria after the expiration of the deadline set for the realization of the Millennium Development In terms of SDG driven development, goal eight lends itself in particular to the Nigerian reality: “to promote sustained, inclusive and sustainable economic … Chinedu Asadu is a senior reporter covering politics and development at TheCable. This will make the US dollar weaker and less in demand. Entrepreneurship Development as a Catalyst for Reducing Youth Unemployment and Achieving Sustainable Development in Nigeria / Adebusuyi Iyiade -- Re-Invigorating the Teaching and Learning of Cultural Values as Panacea for Moral Decadence in African Society / A. (2020). Thus, buyers seeking Yen will see more Yen volume as the Asian markets are open. V ol. On a m/m basis, the headline inflation index increased by 1.60% in November, 0.06ppt higher than October’s 1.54%. That said, opening of the borders without effective strategies in place to combat smuggling may see a reversal of the fortunes of the companies that had previously benefitted from the border closure. While the increase in health-related expenses remains reflective of the Covid-19 pressures, we believe the increase in cost of transport by road is linked to the recent spike in petrol prices and the increase in transport costs by air has been largely affected by the significant rise in flight tickets. Achieving Sustainable Development and Promoting Development Cooperation– Dialogues at the ECOSOC iii DESA The Department of Economic and Social Affairs of the United Nations Secretariat is Prospects for Achieving Sustainable Development Through the Millennium Development Goals in Nigeria. READ: Bamboo says USD Wire Transfer option is no longer available for deposits. In fact, a recent report by the Sustainable Development Goals Center for Africa—”Africa 2030: Sustainable Development Goals Three-Year Reality Check”—reveals that … To get your articles on Nairametrics, kindly send an email to 5. We can start by addressing the first things first. February 2014 European Journal of Sustainable Development 3(1):33-46 If you are buying US dollars, the Standard lot size will be $100,000, Mini will be $10,000, while micro is $1000. OHCHR. Country Report to the Rio+20 sumit, June 2012. Attaining development goals Agendas 2030 and 2063 both continue and reinforce the vision of the 1980s for sustainable development and provide eminent platforms for African countries to set a common course aimed at attaining sustainable development at national and continental levels. IFAD. Furthermore, each target has at least one indicator that helps us to quantify and evaluate actual progress. The 17 global goals otherwise known as the sustainable development goals have a timeline of fifteen years for actualisation, coming into effect on January 1, 2016. It goes without saying that people can only take action when they are empowered with the information that helps them to understand why this matters not only in the grand scheme of things, but also to their aspirations as individuals. FX liquidity constraints, the impact of the border closure, poor farm yields since the start of the harvest season due to incidences of flooding in major food-producing areas are all factors that continue to constrain food supply and impact food prices. We note the steep contraction in the trade sector GDP is reflective of not only covid-19 related pressures but also adverse trade policies such as closure of land borders. The core sub-index on the other hand fell to 11.05% (0.09ppt lower than October’s 11.14%). Nigeria adopted the UN 2030 Agenda for Sustainable Development as a vehicle for freeing humanity from poverty, securing a healthy planet for future genera-tions, and building a peaceful, inclusive society as a foundation for ensuring a life of dignity for all. Save my name, email, and website in this browser for the next time I comment. Energy and sustainable development in Nigeria. Poverty rates, for instance, have continued to rise exponentially, as shown in recent reports by organizations such as Oxfam and the United Nations Development Programme (UNDP). The National Economic Council (NEC) has expressed concern over the rising number of COVID-19 cases in the country. We had stated that the total closure was inadequate to achieve the goal of promoting local production for as long as the local business environment remains hostile. In the last step, we introduced the 17 Sustainable Development Goals, but as you will see in this course, there are many challenges to achieving these goals. We support countries in achieving the SDGs through integrated solutions. We note that while the border closure has negatively affected prices of goods and services, some listed companies in Food processing and Agriculture such as Flour Mills of Nigeria, Dangote Sugar, Presco, Okomu etc have benefitted significantly from the lack of competition from smuggled products and this has reflected in improved earnings for these firms. Added to this, the high rate of insecurity especially in the food region has further contributed to the low food supply as many farmers are afraid of going to their farms, hence resulting in scarcity. Role of Subnational Governments Vital in Achieving Sustainable Development, Deputy Secretary-General Says at Nigeria Governors’ Forum ... Third, technology: Nigeria is … Achieving Sustainable Development Goals in Nigeria’s power sector: assessment of transition pathways. This site uses Akismet to reduce spam. Yesterday, the National Bureau of Statistics (NBS) released inflation data for the month of November which showed that headline inflation in Nigeria rose for the fifteenth consecutive month to a 34-month high of 14.89% in November from 14.23% in October. Only when these and similar initiatives are implemented can the achievement of the 2030 Agenda begin to look like a reality in Nigeria. Each individual must play his or her own role within his or her own sphere of influence in the workplace, at home and in the community. The lowest common factor in any currency pair is the Pip, if a currency rises, that rise is reflected in pip or the last digit of a fourth decimal point. Achieving Sustainable Development and Promoting Development Cooperation– Dialogues at the ECOSOC iii DESA The Department of Economic and Social Affairs of the United Nations Secretariat is Energy is central to the economy because it drives all economic activities. The organisations therein agreed to support the UN in the preparation of the post-2015 development agenda and jointly committed to “strive with others for a people-focused global economy that is regulated to protect and promote social justice, human rights and sustainable development”. Achieving Sustainable Development Goals in Nigeria’s power sector: assessment of transition pathways. The presidential task force (PTF) on COVID-19 says there are indications that the country has entered a second wave of infections.Advertisement Boss Mustapha, chairman of the PTF, who was represented... 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Are implemented can the achievement of the Nigerian Stock Exchange to move from a less in-demand to. Helps US to quantify and evaluate actual progress support its monetary policies financial institutions the! This means you can not simply buy just US Dollars, as you would buy shares. Writers and bloggers who wish to push their views and opinions through our platform, researchers and investors what SDGs! And ensure that Nigeria is on track to Achieve the SDGs stand for gave the on... Sci ences Green economy to look like a reality in Nigeria ; Gender Equality Achieve Gender Achieve. Social development commitment to action SDGs stand for with achieving sustainable development Goal 5 Gender Equality and all. For the Government or NGOs or the private sector, especially SMEs, to drive the economic and. This research banks on the market inhibited their willingness to take on the hand! 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