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16—Vanguard, THURSDAY, NOVEMBER 16, 2017<br />
MASTERCARD VISITS VICE PRESIDENT: From left— Vice President, Government<br />
Services & Solutions, Paul Tswanya; Vice President and Area Business Head, West Africa,<br />
Omokehinde Adebanjo; President, Middle East and Africa, Raghu Malhotra, all of Mastercard;<br />
Vice President of Nigeria, Professor Yemi Osinbajo (SAN); President and CEO, Ajay Banga, and<br />
Division President, Sub-Saharan Africa, Daniel Monehin, both of Mastercard, during Mastercard's<br />
chief executives' visit to Vice President Osinbajo in Abuja.<br />
FUTA ON SOIL MAPPING: From left—Registrar, Mr. Richard Arifalo; inaugural lecturer,<br />
Professor Francis Adekayode; Vice Chancellor, Professor Joseph Fuwape, all of Federal University<br />
of Technology, Akure, FUTA, and Oba Joseph Adelowo, the Olubule of Ibule Soro, Ondo State, at<br />
FUTA's 91st inaugural lecture entitled Digital Soil Fertility Mapping: A Paradigm Shift in Soil Fertility<br />
Studies.<br />
HOME DECOR LAUNCHES: From left— Managing Director, HomeWox, Mr. Afeez<br />
Olopade; Proprietress, Albedo Design School, Mrs Binta Suleiman; CEO, Adam & Eve, Mrs Modupe<br />
Ogunlesi; Alhaji Kunle Hamzat of Retail Council of Nigeria Ltd., Commercial Director, Clarion Events,<br />
Mr. Russell Hughes, at the official lauch of Home Decor & Giftware by Clarion Events in Lagos.<br />
PHOTO: Akeem Salau.<br />
By Olayinka<br />
Latona<br />
LAGOS—THE wife of the<br />
General Overseer of<br />
The Victorious Army<br />
Ministries International,<br />
Pastor Blessing Agboli, has<br />
refuted popular beliefs that<br />
most church leaders with<br />
private jets acquired them<br />
with proceeds from tithes<br />
and offering.<br />
Agboli made this<br />
statement at a press<br />
conference, jointly<br />
addressed by the Senior<br />
Pastor of the church, Apostle<br />
Joseph Agboli and his wife,<br />
to announce the Bethel<br />
Victory Convention of the<br />
church tagged: “God Of<br />
Wonders’ slated for<br />
Tuesday, 21st through 26 of<br />
November 2016.<br />
:Vanguard News<br />
Ashafa backs state of<br />
emergency in education<br />
sector<br />
By Olasunkanmi<br />
Akoni<br />
A BUJA—SENATOR<br />
Gbenga Ashafa,<br />
representing Lagos East<br />
Senatorial District has<br />
expressed support by<br />
concerned Nigerians for the<br />
need to declare State of<br />
Emergency in the<br />
education sector in the<br />
country.<br />
President Muhammadu<br />
Buhari, had a day earlier,<br />
hosted the Federal<br />
Executive Council to the<br />
Presidential Summit on<br />
Education organized by<br />
the Minister of Education<br />
Alhaji Adamu Adamu,<br />
where Buhari decried the<br />
rot being experienced in the<br />
Nigerian educational<br />
sector.<br />
Ashafa made the remarks<br />
yesterday, at the<br />
Convergence Summit, held<br />
at the NAF Conference<br />
AFC signs Accredition Master<br />
Agreement with GCF<br />
By Elizabeth<br />
Uwandu<br />
S EOUL—AFRICA<br />
Finance Corporation,<br />
AFC, has signed an<br />
Accreditation Master<br />
Agreement (AMA) with the<br />
Green Climate Fund, GCF,<br />
in Seoul, South Korea.<br />
Having received its<br />
accreditation in 2015, AFC<br />
is one of the first African<br />
development finance<br />
institutions to sign such an<br />
agreement.<br />
Established in 2010 by<br />
the 194 countries founder<br />
members of the United<br />
National Framework<br />
Convention on Climate<br />
Change, UNFCCC, the<br />
GCF launched its initial<br />
resource mobilization in<br />
2014, which rapidly<br />
gathered pledges worth<br />
Centre, Abuja.<br />
The senator said, “I am<br />
happy that the Minister is<br />
present at this event<br />
because he is very vital in<br />
achieving the theme of this<br />
event, which is “Driving a<br />
new public education<br />
initiative for Nigeria.” It<br />
goes without saying that<br />
the state of public education<br />
in Nigeria is very poor and<br />
crying for help. From the<br />
primary to tertiary<br />
institutions, public<br />
education in Nigeria is<br />
failing.”<br />
Ashafa who enumerated<br />
some statistics to buttress his<br />
point, said: “Permit me to draw<br />
some inferences quickly.<br />
According to the Central<br />
Intelligence Agency’s world fact<br />
book, the literacy level in Nigeria<br />
is just about 59 per cent, this is<br />
not too far from the UNESCO’s<br />
submission that about 65 million<br />
Nigerians are illiterate."<br />
US$10.3 billion.<br />
Following the signing of<br />
the AMA, AFC will have<br />
access to direct funding<br />
from GCF, rather than<br />
through intermediaries or<br />
third parties.Over time, the<br />
GCF is expected to become<br />
the main multilateral<br />
financing mechanism to<br />
support climate action in<br />
developing countries.<br />
AFC intends to leverage this<br />
partnership by mobilizing GCFs<br />
capital to further its low carbon<br />
emission investments in 4 of its 5<br />
focus sectors: power, transport,<br />
heavy industries and telecoms.<br />
To date, AFC has demonstrated<br />
a longstanding commitment to<br />
financing green energy in Africa<br />
through its early investment in<br />
the 26MW award winning<br />
Cabeolica wind farm in Cape<br />
Verde.<br />
Tithes, offerings can't buy<br />
private jets —Agboli<br />
Reacting to claims that<br />
church leaders were<br />
feeding fat on tithes and<br />
offering money, Agboli<br />
stated that jets are very<br />
expensive and that no<br />
amount of tithes and<br />
offering money can<br />
purchase them.<br />
In her words: “Offerings<br />
cannot buy private jets. You<br />
cannot just park a jet<br />
without making a business<br />
out of it. Owning a private<br />
jet is not a sin. I did not<br />
think offerings can buy jets.<br />
That we are pastors does<br />
not mean we should be<br />
poor”.<br />
On the church convention,<br />
Apostle Agboli disclosed that the<br />
convention is meant to liberate<br />
members and the generality of<br />
Nigerians from the affliction of<br />
poverty, hardship, among others.