Business A.M
No Result
View All Result
Saturday, October 17, 2026
  • Login
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • ONLINE & DIGITAL CONTENT PACKAGE
Subscribe
Business A.M
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • ONLINE & DIGITAL CONTENT PACKAGE
No Result
View All Result
Business A.M
No Result
View All Result
Home Frontpage

Climate change, environmental degradation threat to humanity, says Iwuayanwu

by Admin
January 21, 2026
in Frontpage

BY: Dikachi Elemba, in Owerri

A scientist and renowned engineer, Emmanuel Iwuanyanwu has challenged world leaders to take critical and urgent measures to tackle climatic and environmental degradation ravaging humanity and the society.

Iwuanyanwu, who addressed leaders and members of the Global Coalition for Sustainable Environment on Climate Change Mitigation, said the situation calls for urgent and immediate intervention of world leaders and their engineers to save mankind from extinction.

Iwuanyanwu stressed that climate change and environmental degradation are posing a serious threat to human, industrial and socio-economic development, stating that all professionals in these areas must come together to find a lasting solution to it.

The engineer called for a global summit to discuss firmly the best way to proffer immediate solutions to the serious challenges posed by climatic change and environmental degradation.

Speakers at the forum aligned themselves with the position and solutions proffered by Iwuanyanwu.

In a communiqué issued, the Global Coalition for Sustainable Environmental on Climate Change Mitigation said climatic changes have impacted negatively on the global environment leading to excessive flooding, severe drought in some regions, land erosion and other environmental catastrophe.

The Global Coalition, however, resolved to work with the United Nations Environment Programme, European Union, Africa Climate Change Fund, the Federal Government of Nigeria, governments of other foreign nations, multinational corporations, the private sector and other development partners to find solutions to mitigate the negative effects of climate change on humanity.

The group further resolved that the Global Coalition should establish her corporation head office at Abuja, Nigeria’s capital city, with branches in the United States, United Kingdom, Europe, Australia, Canada, and other African countries for collaboration, adding that contacts have been established with most of these nations and other groups with similar interests.

It also said it would assemble engineers, scientists, and other professionals with the commitment and passion to create awareness on the diverse negative influences on the environment for the benefit of future generations, adding that the measure will not only reduce the activities that negatively impact on the three dimensions of the environment namely, air, water and land, but will create solution and promote remedial measures that will protect, improve and preserve the quality of the environment, leading to enhanced health and well being of living organisms.

The group said the measures will promote best sanitation and general public health, thereby preventing widespread transmission of diseases.

Just as it resolved that its membership shall be in two categories, corporate and individual membership with professionals, inter disciplinary experts, business community and those who have made substantial contributions to mitigate climate change.

But to implement the goals and objectives of the organisation, the board of trustees (BOT) was created with Emmanuel Iwuanyanwu made the BOT chairman.

Others are A.Z. Abubakar, a professor (North West); Babagana Mohammed, a professor (North East); Olalekan Emeka Sulaiman Ajani (South West); Babatunde A. Oshodi, coordinator; and Claribelle Ngozi Nwogu, secretary.

However, the management committee of the body comprises Babatunde Oshodi, coordinator, Ngozi Nwogu, secretary, Olalekan Emeka Sulaiman Ajani, member, and Binta Abdukaram, a professor, member.

Other members are A. Z. Abubakar, Babagana Mohammed, Linda Bitrus Elesa, Adeolu Odusote, Abba Kachalla, and Chinedu Nsofor. The organs will be officially inaugurated in two months time.

Iwuanyanwu, chairman of the BOT, in his acceptance speech, said he would use everything within his human capacity to ensure that the Global Coalition for Sustainable Environment on Climate Change Mitigation achieved all its set goals and objectives.

He pledged that he would continue to use his talents, resources and his life to serve humanity and also lead the campaign for global peace and sustenance of the healthy environment.

Iwuanyanwu said that the present generation should ensure that the environment is properly protected and harmonised for the good of future generations.

Stating further that the achievements and successes of the global organisation, which are aimed at ensuring love, healthy uplift of humanity, will be part of his contributions and commitment.

Admin
Admin
Previous Post

Dana Air deploys roving agents to ease passenger check-in

Next Post

WTO chief seeks cooperation to address hike in commodity prices

Next Post

WTO chief seeks cooperation to address hike in commodity prices

  • Trending
  • Comments
  • Latest

How UNESCO got it wrong in Africa

May 30, 2017

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025
MMA2 enters new commercial era after 20-year concession dispute

MMA2 enters new commercial era after 20-year concession dispute

August 28, 2026
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Rivers, China's CNCECC sign deal for $3.5bn methanol, fertiliser plant

Rivers, China’s CNCECC sign deal for $3.5bn methanol, fertiliser plant

October 17, 2026
Methane rules spread across 67% of global production as Nigeria faces compliance test 

Methane rules spread across 67% of global production as Nigeria faces compliance test 

October 17, 2026
Onafriq, a pan-African payments company, is set to discontinue its Baxi agent banking business in Nigeria after five years, citing naira depreciation, rising operating costs and intensifying competition that have weakened the segment’s profitability. The planned shutdown will affect the agent banking operations conducted through Baxi under Onafriq Nigeria Payments Limited. However, the decision does not signal the company’s withdrawal from Nigeria, as it intends to retain its cross-border payments network and card issuing services in the country. In a statement, Onafriq said changes in Nigeria’s operating environment since 2024 had significantly altered the economics of its offline agent banking business, making the existing model unsustainable. The move marks a strategic shift for the company, which entered Nigeria’s agent banking market to expand access to financial services through a network of agents providing transaction services outside traditional bank branches. Onafriq attributed the decision to a combination of macroeconomic pressures and structural changes in the country’s payments industry. According to the company, naira depreciation and inflation have affected transaction volumes, increased operating expenses and undermined the sustainability of its agent banking operations. The growing adoption of instant account-to-account transfers has also changed the mix of transactions handled by agents, while heightened competition among payment service providers has put further pressure on margins. These developments have made it increasingly difficult for the business to remain viable under its existing operating structure, prompting the company to reassess its long-term strategy. Dare Okoudjou, founder and chief executive officer of Onafriq, said the decision to close the business was difficult, particularly given the efforts of employees, agents and business partners who helped build the Baxi network. “We entered Nigeria with conviction and commitment, but did not achieve the outcome we set out for. Closing this business was a difficult decision to arrive at, one that affects colleagues, agents, and business partners across Nigeria who poured their hearts and soul into building out the Baxi network,” Okoudjou said. Despite the closure, he reaffirmed the company’s commitment to the Nigerian market, noting that the group would continue to serve customers through its payments network and card issuing operations. Onafriq entered Nigeria’s agent banking market in 2021 through the acquisition of Baxi, also known as Capricorn Digital Limited. The company said it continued investing in the business through 2023, with efforts focused on expanding and strengthening its agent network. However, a subsequent review of the business’s long-term prospects and financial sustainability led to the decision to wind down the operation. As part of the transition, Onafriq said agents onboarded through the Baxi platform had been moved to another principal bank, a step intended to facilitate continuity for the affected agents. The company has also directed agents to transfer their funds to their preferred principal bank within 30 days, adding that its teams would provide support throughout the transition process. Employees whose roles are linked to the agent banking business will also be consulted and supported during the wind-down, with Onafriq pledging to treat affected workers fairly.

Onafriq winds down Baxi as Nigeria’s agent banking economics worsen

October 17, 2026
LCFE links petroleum trading to capital market in pricing transparency drive

LCFE links petroleum trading to capital market in pricing transparency drive

October 17, 2026

Popular News

  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • MMA2 enters new commercial era after 20-year concession dispute

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Rivers, China's CNCECC sign deal for $3.5bn methanol, fertiliser plant

Rivers, China’s CNCECC sign deal for $3.5bn methanol, fertiliser plant

October 17, 2026
Methane rules spread across 67% of global production as Nigeria faces compliance test 

Methane rules spread across 67% of global production as Nigeria faces compliance test 

October 17, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • ONLINE & DIGITAL CONTENT PACKAGE

© 2026 Business A.M