A majority of people, 95%, intend to look for a new job this year, according to a January 2024 survey by jobsite Monster. And many anticipate it will be challenging. More than half, 68% say they think it will be difficult to find one given the state of the economy.

While finding work opportunities can be challenging, there are ways to conduct yourself that could make doing so even harder.

“There’s something called validation seeking behavior, aka desperation,” says Lindsay Mustain, a former Amazon recruiter and current CEO of career coaching company Talent Paradigm. She adds that “it’s that ‘pick me’ energy that actually repels the opportunity.”

Here’s how to avoid giving it off.

Don’t apply to a company over and over

First, avoid applying to jobs in the company over and over again, especially in a short period of time.

If Mustain sees that “you’ve applied 20 times in the last two years and we’ve never hired you once,” she says, that’s a red flag. She immediately thinks, “something’s wrong with that candidate for them to have not been hired by this point.”

Regardless of how much of a fit you might be for the job, a recruiter’s likely not going to take the time to investigate your candidacy further.

“This is how you can kind of get blacklisted,” she says. Try to limit your internal applications to a maximum of five roles that you closely align with in the company.

Don’t use LinkedIn’s ‘open to work’ banner

Another red flag for a recruiter: the “open to work” banner on LinkedIn.

Just by putting up that one signal on the site, “we already know that you need something,” says Mustain. It means that you might not be as picky when it comes to your job opportunities, that you might not be moving your career forward in a measured way that helps you build skills and get better.

“It reduces the appearance of being a high caliber candidate,” she says. Plus, it changes the dynamic in a conversation with a hiring manager. Now, they’re not trying to convince you of a great job opportunity because they want you at the company. Instead, you’re trying to convince them to consider you.

Nolan Church, CEO of talent marketplace Continuum and ex-Google recruiter, agrees. Using the banner “actually feels to a hiring manager like desperation,” he previously told CNBC Make It.

“It’s kind of like asking for a handout on the corner,” says Mustain.

Don’t show up ‘very wounded and hurt’ on social media

Finally, if you’re unemployed, don’t post your unemployment status on social media, especially if you’re inclined to do so from a place of hurt. Mustain gives the example of a post like the following:

“I just got laid off and I have two kids at home and I really need another job, like, as soon as possible. So if you could please introduce me to every person that you know that has a possible opening, I would be so grateful.”

Though sad and a cause for sympathy, people who post like statuses are “showing up very wounded and hurt,” she says. They’re “bleeding out on social media.” Ultimately, they’re showing a weakness in a similar way to people who include the “open to work” banner on their LinkedIn profiles. It’s clear they need something.

A post like that “repels people because they’re not coming from a place of strength,” says Mustain.

Instead, if you’ve been laid off and want to signal to the world that you’re looking for new opportunities, try framing the situation as a new beginning or a chance for growth and sharing concrete examples of your past contributions and successes. You can also share what you’ve learned and how your experiences have equipped you for future challenges. All of this “demonstrates adaptability and a forward-looking mindset to potential employers,” she says.

Remember, “you don’t need any job,” says Mustain. “You want a good job.”

 

CNBC

Nigeria’s total imports grew to N35.9tn in 2023, from N25.5tn recorded in 2022, according to data by the National Bureau of Statistics.

A breakdown of the data showed that in the first and second quarters of 2023, total imports were N6.4tn. It increased to N9tn in the third quarter and again to N14tn in the fourth quarter.

By volume, manufactured imports topped the chart with imports worth N18.3tn. Agric imports N2.2tn while imports of raw materials totalled N3tn.

On the other hand, Nigeria was able to churn out exports worth N35.9tn. However much of these were under the category of crude oil which constituted N29tn while exports of other oil products were N3.5tn.

Agricultural exports were N1.2tn while manufactured goods exported outside Nigeria totalled N778bn.

This means that Nigeria recorded a balance of trade of –N1tn in the agricultural sector and a staggering –N17.5tn in the manufacturing sector.

Speaking with our correspondent, Chief Executive Officer of the Centre for the Promotion of Private Enterprise, Muda Yusuf blamed naira depreciation for the significant increase in exports on a year-on-year basis.

He said, “I think it is because of the naira depreciation. If you are importing something that was $1m when the exchange rate was N450, now you are importing products worth $1m and the exchange rate is N1,500.

“That is three times already if you multiply it in naira. So, in dollar terms, it is possible that the import has even reduced. We have to consider that.”

According to NBS data, the total non-oil export of Nigeria in 2019 (the highest in recent times) was just about $9.13bn.

While presenting a paper at an event organised by the Nigerian Export Promotion Council, Director-General of the Manufacturers Association of Nigeria, Segun Ajayi-Kadir said Nigeria has not done well in global export trade as it ranked 52nd among nations.

He added that the country has also not done well domestically in terms of the share of non-oil and manufactured exports to total exports.

He listed factors militating against exports including the high cost of local and imported raw materials, insecurity across the country, including industrial areas, dearth of skilled manpower.

Others include high cost of transportation, forex instability and deterioration in exchange rate, inadequate access to funds/high-interest rates on commercial bank loans

He said, “However, the discovery of crude oil brought a shift that made the country majorly depend on the oil sector to the neglect of other sectors.

“This made the economy susceptible to fluctuations in revenue, occasioned by the usual instability associated with the prices of crude oil in the international market.”

In January, the Executive Director of the Nigerian Export Promotion Council, Nonye Ayeni, while addressing the media on the performance report of the non-oil export sector for 2023, said the value of Nigeria’s non-oil export revenue recorded a marginal decrease to $4.5bn.

The drop represents a $300m or 6.3 per cent decline from the $4.8bn revenue accrued to government coffers in 2022 and $500m less than the $5bn target set by the council for the year.

She said, “In 2022, there was a $4.8bn in terms of value. And in 2023, there was a marginal decline to $4.5bn. But we got an increase in the volume of exports. In 2023, we had 6.68, million metric tons of manufactured, semi-processed, solid minerals to agricultural commodities.”

Explaining reasons for the decline, Nonye blamed the weak poor exchange rate, the surge in informal trade, political instability in neighbouring countries and export rejection amongst others.

 

Punch

The Federal High Court sitting in Abuja has ordered Binance Holdings Limited to release to the Economic and Financial Crimes Commission, EFCC, a comprehensive detail of all persons from Nigeria trading on its platform.

Binance is a cryptocurrency exchange platform that lists more than 350 digital currencies, which serve as alternative form of payment, using encryption algorithms.

The government had earlier asked Binance for information on its top 100 users in the country, as well as all transaction history for the past six months.

Governor of Central Bank of Nigeria, CBN, Olayemi Cardoso, had on February 27, disclosed that about $26 billion passed through Binance from unidentified sources.

In an abrupt move on March 8, the crypto firm discontinued all transactions in naira on its exchange platform, following reports that the government demanded $10bn as retribution for profiting from “its illegal transactions” in Nigeria.

However, in an ex-parte motion it filed before the court, the EFCC said it would need detailed data of Binance users in the country to aid its ongoing investigation on issues relating to money laundering and terrorism financing.

The ex-parte motion, marked: FHC/ABJ/CS/259/2024, was filed pursuant to Sections 6(b), (h), (I), 7(1), (a)(2), and 38 of the Economic and Financial Crimes Establishment Act, 2004 and Section 15 of the Money Laundering (Prevention and Prohibition) Act, 2022 (as amended) and the inherent powers of the court.

 

Vanguard

MainOne, a West African digital infrastructure service provider, says there is stability on its network across the region.

In a statement on Monday, the service provider said it worked with regional partners last week and over the weekend to reroute traffic with restoration capacity.

“We worked with regional partners late last week and over the weekend to reroute traffic with restoration capacity and our observations are that we have stability on our network across the region this morning,” MainOne said.

These developments, it said, represent a significant milestone to ensure continued connectivity for the West African business community.

However, MainOne said repair is still ongoing and it is actively working with its maintenance partners, vessel owners and permitting authorities to expedite the restoration of the subsea cable.

It expressed optimism that the cable will be repaired as planned and services fully restored, so it can continue to operate with continued integrity of the submarine cable.

“We want to assure the West African business community and the public that the region remains open for business,” MainOne said.

On March 14, subsea cable providers were affected by major cuts to undersea submarine cables, disrupting internet traffic in major parts of the continent.

Speaking on the cause of the network outage, MainOne said findings showed the fault occurred due to an external incident that resulted in a cut on its submarine cable system in the Atlantic Ocean offshore Cote D’Ivoire, along the coast of West Africa.

 

The Cable

Gunmen have kidnapped around 100 people, including women and children, in two weekend attacks in Kaduna state, residents and police said on Monday.

Kidnappings by criminal gangs demanding ransoms have become an almost daily occurrence in Nigeria, especially in the north, with authorities seemingly powerless to stop them.

Kaduna police spokesperson Mansur Hassan confirmed the incident in Kajuru Station village on Sunday night but could not give a figure on those missing. He said security agents had been deployed to rescue the villagers.

Tanko Wada Sarkin, a village head, said 87 people were taken.

"We have so far recorded the return of five people back home who fled through the bush. This attack makes it five times that these bandits are attacking this community," he told Reuters by phone.

Residents said armed men dressed in army uniform arrived in the village undetected because they had parked their motorbikes away from the village.

Aruwa Ya'u, another resident, said he was captured but released by the gunmen because he struggled to walk due to poor health. He was receiving treatment at a local government clinic, he said.

Gunmen are known to force-march their victims deep into the bush, holding them for up to months while awaiting ransom payments.

The abductions come after an armed gang seized 286 students and staff from a school in early March in Kuriga in Kaduna state and gunmen seized 61 people on March 12 in Buda community.

In Dogon Noma, another community in Kajuru local government area, gunmen abducted 16 people from their homes in an attack on Saturday night, residents said.

Local resident Daniel Shamang said they had not heard anything from the abductors or the missing villagers.

Kidnappings at schools in Nigeria were first carried out by jihadist group Boko Haram, who seized more than 200 students from a girls' school in Chibok in Borno state a decade ago.

But the tactic has since been adopted by criminal gangs without any ideological affiliation seeking ransom payments.

The kidnappings are tearing apart families and communities who have to pool their savings to pay the ransoms, often forcing them to sell prized possessions like land, cattle and grain to secure the release of captured loved ones.

 

Reuters

Netanyahu agrees to send Israeli officials to Washington to discuss prospective Rafah operation

Israeli Prime Minister Benjamin Netanyahu on Monday agreed to send a team of Israeli officials to Washington to discuss with Biden administration officials a prospective Rafah operation as each side is looking to make “clear to the other its perspective,” White House national security adviser Jake Sullivan said.

The agreement to hold talks about Rafah came as Biden and Netanyahuspoke Monday, their first interaction in more than a month, as the divide has grown between allies over the food crisis in Gaza and Israel’s conduct during the war, according to the White House. Sullivan said the talks will happen in the coming days and are expected to involve military, intelligence and humanitarian experts.

The White House has been skeptical of Netanyahu’s plan to carry out an operation in the southern city of Rafah, where about 1.5 million displaced Palestinians are sheltering, as Israel looks to eliminate Hamas following the militant group’s deadly Oct. 7 attack.

Sullivan said Biden in the call once again urged Netanyahu not to carry out a Rafah operation. At the coming talks, he said U.S. officials will lay out “an alternative approach that would target key Hamas elements in Rafah and secure the Egypt-Gaza border without a major ground invasion.”

“The president has rejected, and did again today, the straw man that raising questions about Rafah is the same as raising questions about defeating Hamas,”Sullivan said. “That’s just nonsense. Our position is that Hamas should not be allowed a safe haven in Rafah or anywhere else, but a major ground operation there would be a mistake. It would lead to more innocent civilian deaths, worsen the already dire humanitarian crisis, deepen the anarchy in Gaza and further isolate Israel internationally.”

The call comes after Republicans in Washington and Israeli officials were quick to express outrage after Senate Majority Leader Chuck Schumer sharply criticized Netanyahu’s handling of the war in Gaza and called for Israel to hold new elections. They accused the Democratic leader of breaking the unwritten rule against interfering in a close ally’s electoral politics.

Biden hasn’t endorsed Schumer’s call for election but said he thought he gave a “good speech” that reflected the concerns of many Americans. Netanyahu raised concerns about the calls by Schumer for new elections, Sullivan said.

Biden administration officials have warned that they would not support an operation in Rafah without the Israelis presenting a credible plan to ensure the safety of innocent Palestinian civilians. Israel has yet to present such a plan, according to White House officials.

Netanyahu in a statement after the call made no direct mention of the tension.

“We discussed the latest developments in the war, including Israel’s commitment to achieving all of the war’s goals: Eliminating Hamas, freeing all of our hostages and ensuring that Gaza never (again) constitutes a threat to Israel — while providing the necessary humanitarian aid that will assist in achieving these goals,” Netanyahu said.

The Biden-Netanyahu call also came as a new report warned that “famine is imminent” in northern Gaza, where 70% of the remaining population is experiencing catastrophic hunger, and that a further escalation of the war could push around half of Gaza’s population to the brink of starvation. The report came from the Integrated Food Security Phase Classification, a partnership of more than a dozen governments, U.N. aid and other agencies that determines the severity of food crises.

Netanyahu lashed out against the American criticism on Sunday, describing calls for a new election as “wholly inappropriate.”

Netanyahu told Fox News Channel that Israel never would have called for a new U.S. election after the Sept. 11, 2001, attacks, and he denounced Schumer’s comments as inappropriate.

“We’re not a banana republic,” he said. “The people of Israel will choose when they will have elections, and who they’ll elect, and it’s not something that will be foisted on us.”

Even as they express frustration about aspects of the Israeli operations, the White House acknowledges that Israel has made significant progress in degrading Hamas. And Sullivan revealed on Monday that an Israeli operation last week killed Hamas’ third in command, Marwan Issa.

“The president told the prime minister again today that we share the goal of defeating Hamas, but we just believe you need a coherent and sustainable strategy to make that happen,” Sullivan said.

Biden after his State of the Union address earlier this month was caught on a hot mic telling a Democratic ally that he has told Netanyahu they would have a “come to Jesus” meeting over the growing humanitarian crisis in Gaza. His frustration with Netanyahu’s prosecution of the war was also on display in a recent MSNBC interview, in which he asserted Netanyahu was “hurting Israel.”

“He has a right to defend Israel, a right to continue to pursue Hamas,” Biden said of Netanyahu in the MSNBC interview. “But he must, he must, he must pay more attention to the innocent lives being lost as a consequence of the actions taken. He’s hurting ... in my view, he’s hurting Israel more than helping Israel.”

The president announced during his State of the Union address that the U.S. military would help establish a temporary pier aimed at boosting the amount of aid getting into the territory. The U.S. military has also been air-dropping aid into Gaza.

The Biden administration resorted to the unusual workarounds after months of appealing to Israel, a top recipient of military aid, to step up access and protection for trucks bearing humanitarian goods for Gaza.

The five-month war was triggered after Hamas-led militants stormed into southern Israel in a surprise attack, rampaging through communities, killing some 1,200 people — mostly civilians — and taking around 250 hostages.

Israel responded with one of the deadliest and most destructivemilitary campaigns in recent history. The war has killed over 31,000 Palestinians, according to Gaza’s Health Ministry. Around 80% of Gaza’s population of 2.3 million have fled their homes, and a quarter of the population faces starvation.

 

AP

RUSSIAN PERSPECTIVE

China to boycott Ukraine peace talks without Russia – Politico

China will boycott the talks to end the Russia-Ukraine conflict unless Moscow will have a seat at the table, Politico magazine reported on Monday, citing officials familiar with the matter. 

According to Politico, the message was “amplified” during Chinese Eurasia envoy Li Hui’s European tour earlier this month. During his March 7 trip to Kiev, Li met with Andrey Yermak, chief of staff of President Vladimir Zelensky.

Ukraine will likely be discussed during German Chancellor Olaf Scholz’s visit to China next month. Chinese President Xi Jinping will then travel to Paris in early May and meet his French counterpart Emmanuel Macron, Politico said.

The South China Morning Post reported this month that Li told EU officials that a potential peace summit cannot turn into “a conference that produces a plan that is pushed down the Russians’ throat.” 

Unlike many Western countries, China has refused to blame Russia for the ongoing conflict and stressed that the fighting can only be stopped through diplomatic means. In 2023, Beijing unveiled a 12-point roadmap to a peace settlement, urging both sides to de-escalate. Kiev has since rejected the Chinese proposal.

Ukraine insists that a tangible peace can only be negotiated on Zelensky’s terms, which include the withdrawal of Russian forces from the “illegally occupied” territory of Ukraine. Moscow has rejected this demand as a non-starter, stressing that it will not surrender Crimea and four other former Ukrainian regions that joined Russia after holding referendums on the matter.

Meaningful negotiations between Moscow and Kiev effectively broke down in the spring of 2022, with both sides accusing each other of making unrealistic demands. Russian President Vladimir Putin subsequently said that Ukrainian negotiators had initially agreed to some of Russia’s terms, but then abruptly reneged on the deal. 

Kiev’s lead negotiator David Arakhamia revealed in November 2023 that his team’s main goal was to “buy time” for the Ukrainian military.

Switzerland has proposed to host a major peace summit sometime this year. However, no specific date has been yet set, and no list of potential participants has been revealed. 

 

WESTERN PERSPECTIVE

Ukrainian shelling kills four family members in Russia's Belgorod, governor says

Four people were killed in Ukrainian shelling of the village of Nikolskoye in Russia's Belgorod region, which borders Ukraine, the local governor Vyacheslav Gladkov said on Monday.

Gladkov, writing on Telegram, also said that air defence units in his region had downed eight airborne objects late in the evening. There were no injuries but falling debris damaged roofs on industrial sites and homes.

In his account of the shelling deaths, Gladkov said that the victims - a couple, a grandmother and a boy of 17 - were killed when their house took a direct hit. He said a girl survived and was in intensive care.

Attacks on Belgorod have taken place frequently since 2022, but escalated in recent months, with 25 people killed in a single incident in late December. Thousands of Ukrainian civilians have been killed in Russian attacks.

On 27 February, Nigeria’s National Judicial Institute (NJI) in Abuja opened a continuing education course for judges. The opening featured an address by the Chief Justice of Nigeria (CJN), Olukayode Ariwoola, who invited the participants to eschew “unethical conduct that could expose the judiciary to ridicule.” Beneath his text, it seemed as if the Chief Justice desired to warn the participants to stay away from interfering with a brief that he has chosen to make entirely his own. Under his watch, judicial appointments in Nigeria have become corruptly farcical.

The fortnight before this address, it emerged that the CJN’s daughter-in-law, Oluwakemi, was at the top of a list of 12 nominees to fill judicial vacancies in the High Court of the Federal Capital Territory (FCT). In the preceding six months, he had also appointed his son, Kayode Jr., as a judge of the Federal High Court; elevated his nephew, Lateef, to become a Justice of the Court of Appeal; and made his own blood brother, Adebayo, the auditor of the National Judicial Council (NJC), which he chairs in his capacity as the CJN. With this CJN’s retirement from office due on 22 August, the concerted effort to anoint his daughter-in-law to the bench would presumably showcase his credentials for gender equity within his family. Let’s not digress though.

That these appointments have occurred when they did is no coincidence. They are spoils of office for the CJN. Nor is it any coincidence that the same list that proposes the CJN’s daughter-in-law for appointment as a judge of the High Court of the FCT also contains the names of the daughters of the Chief Judge of the FCT, Hussaini Baba-Yusuf; and of Ariwoola’s predecessor in the office of the CJN, Ibrahim Muhammad Tanko.

As a federal institution, however, section 14(3) of Nigeria’s constitution requires that appointments to the High Court of the FCT “shall be carried out in such a manner as to reflect the federal character of Nigeria and the need to promote national unity, and also to command national loyalty, thereby ensuring that there shall be no predominance of persons from a few State or from a few ethnic or other sectional groups in that Government or in any of its agencies.” If these nominations in favour of the children of the Chief Judge of the FCT and the CJN were to be implemented, then their respective states, Kogi and Oyo, will have three judges on the bench of the court while a state like Ebonyi would have none.

It requires no original insight to understand that this kind of outcome is hardly compatible with the requirements of Federal Character. Sadly, the senior judges who are supposed to protect this high constitutional value are the people willfully endangering it.

Last month, Azubuike Oko, a lawyer from Ebonyi State, sued, accusing the CJN and the Chief Judge of the FCT High Court of unconscionable insider-dealing in judicial appointments. In response to the suit, the CJN and his satrap in the FCT High Court did not bother to confront the serious allegations levelled against them. Instead, they sought to disqualify Oko from litigating the issue by arguing that he lacked the standing to sue, claiming, contrary to a long line of relevant jurisprudence, that he had not suffered any personal injury.

On 15 March, the Federal High Court in Abuja presided over by Inyang Ekwo, upheld these shameful objections by the CJN and the Chief Judge of the FCT High Court. According to the judge, in order to establish standing to question this high racketeering in judicial office by the two officials responsible for stopping it, Oko needed to show “how the appointment being considered by the defendants has affected him as a person…. This, he would have done, by showing that he applied to be considered by the defendants for appointment but he was ‘routinely excluded and marginalised.” How he was supposed to show this in a situation in which the CJN and the heads of courts who work under him will not allow a fair and credible process of judicial recruitment, only the judge can tell.

This is the latest in a line of cases in which senior judges use their offices to steal judicial appointments for their children or mistresses and then use lower court judges to make it legal. In 2020, the Justice Reform Project (JRP), an entity comprising several Senior Advocates of Nigeria (SANs), sued to restrain former President, Muhammadu Buhari, from going forward with the appointment of 21 persons to the bench of the High Court of the FCT who, according to the JRP, “failed to meet the mandatory requirements under the NJC Procedural Rules.” That round of hires, like the latest, was bounty for judicial insiders. On 30 September, 2020, Okon Abang, then a judge of the Federal High Court, ruled that the “JRP lacked the legal right to challenge the NJC’s actions and that the National Industrial Court and not the Federal High Court was the proper court to approach as it was an employment-related case.”

The appeal by the JRP against this judgment has been pending since 24 November, 2020. Meanwhile, for his efforts, Abang got elevated to the Court of Appeal in October 2023 along with the nephew of the Chief Justice.

The JRP are not the only SANs openly scandalised by what the CJN and his colleagues are doing with judicial appointments. In January 2024, seven SANS from Kogi State sued the State Chief Judge, Josiah Majebi, and the Kogi State Judicial Service Commission, alleging egregious perversions in the nominations into high court vacancies in the state, including the nomination of a wife of the then outgoing governor of the State, Amina, whose only claim to the nomination appeared to be her marital relationship with the then incumbent in the office of the Governor. The SANs effectively claimed that the effort by the Chief Judge of Kogi State and the Judicial Service which he chairs, to nominate Amina Bello as a judge of the Kogi High Court was meant as a parting gift to the state governor, who was term-limited, making it clear that this was not a lawful or relevant factor in the exercise of powers of judicial appointment.

While this case is pending, the NJC has suspended the process of appointment of new judges in Kogi State. In neighbouring Edo State, however, the appointment of new judges is suspended by the ego of Governor Godwin Obaseki. In June 2023, the NJC approved the appointment of eight new judges to the High Court of Edo State. Over eight months later, the Governor has refused to consent to their appointment or to swear them in. Adaze Emwanta, a former Commissioner in Governor Obaseki’s Cabinet, sued late last year seeking to compel the Governor to formalise these appointments.

A manifestly unwilling Governor Obaseki has chosen instead to use the case as his excuse for refusing to appoint them. While the case pends, these judicial nominees waste. Because they have been nominated as judges, they can no longer undertake legal work to subsist or earn. But because they have not yet been formally appointed as judges, they cannot be paid in that role. In effect, Governor Obaseki does more than merely choose not to appoint them as judges. He has chosen to destitute them and ruin their lives.

While all these scandals unfold, the leadership of the Nigerian Bar Association (NBA), under the presidency of Yakubu Maikyau has chosen the path of eloquent silence. The president of the NBA is a member of the National Judicial Council and he is entitled to nominate three other representatives of the Association into that body. For the record, the stated motto of the NBA supposedly is “promoting the rule of law.”

** Chidi Anselm Odinkalu, a lawyer, teaches at the Fletcher School of Law and Diplomacy and can be reached through This email address is being protected from spambots. You need JavaScript enabled to view it..

I’ve always thought that promotions were largely based on how hard you worked, or how long you’ve been at a company. While those two qualities may play a role in someone moving up the corporate ladder, I recently learned that bosses often look for something more subtle as the deciding factor.
I chatted with Bill George, a Harvard Business School executive fellow and former CEO of health-care company Medtronic, who told me the top traitleaders look for when considering employees for a promotion is someone who guides and inspires their team.
People who “focus on doing an outstanding job in leading [their] team” are in the best position to get promoted, George says. Great employees don’t boss their co-workers around — they excel at building trust with the people around them, which requires a certain amount of self-awareness to achieve, he adds.
You can build that self-awareness by reflecting on your strengths, getting feedback from your manager and co-workers, and using those takeaways to hone your skills as a leader, Juliette Han, a Harvard-trained neuroscientist, told CNBC Make It in 2023.
The more self-aware you are, the more “your leadership will be authentic and people will naturally want to associate with you,” George wrote in his 2022 book, “True North: Emerging Leader Edition.”
With this in mind, I plan to be more proactive about contributing new ideas at work and building intentional relationships with my colleagues. Making time for coffee and conversation with your peers is difficult, especially with a stacked schedule, but according to George, these connections are crucial.

 

CNBC

Federal Government is in talks with the World Bank to complete the processes of obtaining over $1bn loans to address the challenges facing Internally Displaced Persons and their host communities, as well as bolster rural access and agricultural marketing in the country.

The request is contained in World Bank documents titled, ‘Solutions for the Internally Displaced and Host Communities Project’ and ‘Rural Access and Agricultural Marketing Project – Scale Up.’

While the IDP loan is put at $500m, the rural access and agricultural marketing project loan is estimated at $550m.

According to the documents provided on the bank’s website, the IDP initiative is meant to improve access to resilient and inclusive basic services and economic opportunities for IDPs and their host communities in displacement-affected local government areas in the northern part of the country.

The Solutions for the Internally Displaced and Host Communities Project, estimated for an appraisal date of February 11, 2025, and slated for approval on April 8, 2025, represents a targeted effort to improve the lives of millions affected by internal displacement due to conflict, violence, and climate challenges.

The Washington-based lender added that the Federal Ministry of Budget and Economic Planning would act as the borrower for Nigeria, while the National Commission for Refugee Migrants and Internally Displaced Persons and the North East Development Commission are the implementing agencies.

A breakdown of the funding showed that $30m was proposed to be spent on the project management and support for the implementation of the national policy while $120m will be expended on community development, income-generating opportunities, and social cohesion.

Also, strategic investments for climate-resilient economic development will gulp $320m and $30m on strengthening state and LG institutions for improved service delivery.

The document from the Washington-based lender read, “The proposed project will utilise a three-pronged approach to develop sustainable solutions for IDPs and host communities in Northern Nigeria. First, the proposed project aims to provide tailored solutions for each of the targeted states and communities, recognizing that each internal displacement situation is specific and localised, with conflict, violence and/or climate challenges presenting a different level and set of vulnerabilities for host communities.

“Gender, age, and special needs of individuals also play a role, as well as the length of displacement, number of times displaced and other factors. Thus, responses will be adapted to address the specific needs of vulnerable populations within displacement-affected states and communities. Second, the proposed project will follow a “People-in-Place” approach, integrating the needs of the people and the impacts on the place where they settle.

 “Project activities will aim to improve the provision of infrastructure and basic services as well as livelihood opportunities in an integrated way, moving beyond capital investments to supporting operational improvements and sectoral reforms, and fostering income-generating opportunities within host communities.”

According to a review by a World Bank team, Northern Nigeria, especially in the states of Borno, Adamawa, and Yobe, has experienced the highest numbers of internally displaced persons.

This is primarily due to the ongoing conflict involving Boko Haram, as well as other factors such as banditry and conflicts between farmers and herders, leading to the displacement of over 3.5 million people.

Borno State alone hosts nearly 1.7 million IDPs, which is over a quarter of its total population and almost half of the total IDP population in Northern Nigeria.

The bank said “Nigeria is considered an FCV country and has one of the largest and fast-growing populations of internally displaced persons in the world, as a result of conflict and natural events. In Northern Nigeria alone, conflict and violence have led to the displacement of over 3.5 million people.

“Over 65 per cent of IDPs in Northern Nigeria are in the NE region (approximately 2.3 million IDPs as of June 2023) 5 and 95 per cent of them are in Borno, Adamawa and Yobe (the “BAY states”). Borno, which has been the epicentre of fighting involving Boko Haram since 2014, hosts the highest number of IDPs of any state in the North, with nearly 1.7million IDPs, representing over a quarter of the state’s total population and almost half of the total IDPs in the North.”

The bank added that the inflow of IDPs had put additional pressure on already strained and obsolete infrastructure and services in the host communities highlighting that, “In Maiduguri, IDP inflows have put serious pressure on water supply and sanitation infrastructure and services already under strain before 2014. Due to the inflow of IDPs, daily solid waste generation increased from an estimated 390 tons to 570 tons per day. Solid waste management in Maiduguri is insufficient, with over 60 per cent of residents lacking access.”

The situation is further compounded by the weakening of poverty reduction efforts due to the conflicts and increasing climate shocks, making Nigeria one of the countries with the largest and fastest-growing IDP populations worldwide.

The World Bank’s intervention through the requested loan aims to mitigate the effects by fostering economic opportunities and improving access to basic services, thus contributing to a more stable and prosperous future for IDPs and their host communities in Nigeria.

The recent development suggests that Nigeria’s debt could rise further.  It is understood that most of the current foreign loans had been initiated under the former administration of President Muhammed Buhari, Nigeria’s total debt as of the end of September 2023 was N87.91tn, according to data from the Debt Management Office.

Breakdown of this debt revealed total external debt as N31.98tn ($41.59bn) and total domestic debt of N55.93tn.

In June, the international financial institution approved the first loan of $750m for Nigeria under President Bola Tinubu’s government to boost the country’s power sector through the Power Sector Recovery Performance-Based Operation. The loan is financed by the International Bank for Reconstruction and Development, which would provide $449m, and the International Development Association would provide $301mn.

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, recently said that the Federal Government was in talks with the World Bank for a $1.5bn loan to support the budget and provide liquidity in the forex market.

Meanwhile, the Federal Government is on the verge of securing $500m loan from the World Bank to bolster rural access and agricultural marketing in the country.

The new loan project, with an estimated appraisal date of July 16, 2024, is expected to receive board approval on November 28, 2024.

According to information obtained from the bank, this initiative dubbed the Rural Access and Agricultural Marketing Project – Scale Up, is designed to bridge the gap between rural communities and the broader marketplace, facilitating smoother access to agricultural markets, schools, and hospitals and promoting social cohesion among rural populations.

Although the project is estimated to cost $550 million, the World Bank is offering a commitment amount of $500 million. The new commitment amount is 79 per cent higher than the initial World Bank commitment amount of $280 million for the parent project.

The Federal Ministries of Agriculture and Rural Development is designated as the lead coordinating body, with support extended by various State Ministries, Departments, and Agencies, including those focused on Works, Environment, and Women’s Affairs.

The RAAMP-SU project aims to enhance the infrastructural and institutional framework necessary for developing, maintaining, and managing Nigeria’s rural road network with implementation planned to begin in the fiscal year of 2025.

The RAAMP-SU initiative extends the scope of the original RAAMP project to encompass additional states previously omitted due to fiscal constraints resulting from inflation and currency fluctuations. Its primary focus lies in enhancing connectivity and bolstering transport infrastructure, aiming to establish direct links between rural communities and crucial agro-logistics hubs, as well as essential social amenities.

The scale-up emphasises not only the physical construction of rural access roads but also the institutional fortification through the establishment of operational Rural Access Road Agencies and State Road Funds, the implementation of Road Asset Management Systems, and the enhancement of road safety management protocols.

Moreover, the project is expected to boost digital outcome monitoring, skill development for rural road management, and the creation of gender-targeted opportunities, reflecting a comprehensive approach to rural development.

With a previous World Bank funding commitment of $280m out of a $575m total project cost, the fresh funding seeks to escalate the project’s impact from 19 to all 36 states of Nigeria, heralding a new era of rural development and agricultural efficiency.

W’Bank seeks funding

Meanwhile, the World Bank’s International Development Association is seeking a record financing haul to tackle mounting debt and climate crises.

A report by the Financial Times on Sunday said that there was an urgent need for increased funding to tackle the twin challenges of spiralling debt and crisis caused by climate change.

Head of resource mobilisation at the bank, Dirk Reinermann, emphasised the urgent need for the International Development Association to secure its “most substantial replenishment ever” in financial resources.

This replenishment is crucial to facilitate the provision of affordable loans and grants to 75 developing countries.

According to the report, Reinermann did not specify a target, but IDA during its last round of fundraising in 2021 raised about $23.5bn from donor countries. That sum was raised to $93bn after tapping capital markets.

A wave of sovereign debt crises and costs related to mitigating the effects of climate change will require big increases in development funding, analysts said, at the same time as elections and cuts to aid budgets limit the spending appetites of IDA’s biggest donor nations such as the US and UK.

 “Some of its biggest traditional donors have stuff going on that makes it harder for them to cough up larger amounts [for IDA],” said a senior fellow at the Center for Global Development think-tank, Charles Kenny.

IDA, which has $235bn of total assets, is seen by governments and policy groups as one of the most effective aid providers in the global fight against poverty, both because it can leverage capital markets to triple its annual windfall and give those funds to poor countries at concessional or marginal rates.

The fund “offers good value for money to donor countries, more than other grant-based facilities”, said a principal research fellow, Annalisa Prizzon, at development think-tank ODI.

IDA has to turn to richer countries to raise capital every three years because its assistance generates little financial return.

Many countries that face a debt crisis will have to pay back more to existing lenders and bondholders than they will receive in new loans. China, a major bilateral creditor, has stepped back from lending, reducing another source of funding for IDA recipient countries.

“Because of the macroeconomic environment, more countries are in difficult economic situations, meaning that they get IDA funding at concession [rates], requiring IDA to deploy more strategic capital,” Reinermann said.

According to Reinermann, this increased line of funding is set to cause IDA to reach the leverage ceiling imposed by its triple-A credit rating sooner than expected.

When IDA raised donor money in 2021, “the zero point for being able to fully leverage our capital at triple-A was in 2034,” he said.

 

Punch