Saturday, June 6, 2026
FB X LI YT
Breaking
AK assault rifles, RPG 7 rocket launchers, mortar tubes, quadcopter drones, and ammunition. These are some of the weapons JNIM displayed after its attacks a few days ago on two Beninese army barracks in Koalou, near the Burkina Faso border, an attack that killed 12 soldiers. BREAKING 🇳🇬🚨: Terrorists Attack Kogi Community, Kill One, Abduct Over 30 Including Bus Passengers – Armed attackers killed one person and abducted over 30 residents and travelers in a Kogi State community, with no rescue confirmed. BREAKING 🇳🇬🚨: Boko Haram Plans “Quranic Graduation” for Over 100 Abducted Women and Children in Kwara – Families say the victims remain in captivity and are being subjected to indoctrination activities, raising fresh concern over their safety. BREAKING 🇳🇬🚨: Abductors Threaten Forced Marriage of Kwara Emir’s Abducted Wives Over Ransom Delay – Armed kidnappers holding the Emir of Yashikira’s wives reportedly issue threats linked to a ₦150 million ransom demand, heightening fears over their safety. PROTEST 🇳🇬✊: Oyo Residents Storm Ibadan, Demand Release Of Abducted Principal, Teachers And Pupils BREAKING 🇳🇬👑: Yoruba-born sprint sensation Tobi Amusan storms to victory in the women’s 100m hurdles final at the Rabat Diamond League, setting a new world record and once again putting Nigeria on top of the athletics world. 🔥🏃🏾‍♀️ “I Can’t Do Anything About Insecurity Until I Become President in 2027” – Gov Makinde Tells Oyo Parents as Abducted Children Remain in Captivity BREAKING 🇳🇬🗳️: Peter Obi has officially unveiled Rabiu Kwankwaso as his running mate for the 2027 presidential election under the Nigeria Democratic Congress (NDC), sealing a major North South political alliance ahead of the next general elections.
NEWS

Fairness in digital DNA sharing: A New Era

August 6, 2024 3 min read

August 6, 2024.

By Samuel Ogunsona

Over 300 delegates will convene in Montreal from 12 to 16 August 2024 to advance a 2022 global agreement to share fairly and equitably the multi-trillion dollar annual revenues and other benefits derived from uses of Digital Sequence Information (DSI) on genetic resources, including the DNA of plants, animals, and microorganisms.

It will be a crucial week as the United Nation, UN, negotiations begin in Montreal 12 August -The YorubaTimes reporter will be present

Parties to the Convention on Biological Diversity (CBD) will negotiate how to operationalise a multilateral mechanism established in 2022 to fairly and equitably share vast financial and other benefits produced by uses of high-tech, digital versions of plant, animal, and microorganism DNA (Digital Sequence Information: DSI).

Goal of the mechanism and fund, agreed at CBD’s COP 15 as part of the historic Kunming-Montreal Global Biodiversity Framework (KMGBF): to benefit nature and people, including indigenous peoples and local communities as custodians of biodiversity.

The Ad Hoc Open-ended Working Group on Benefit-sharing from the Use of DSI on Genetic Resources, established by the 196 Parties to the CBD, will work through options for operationalizing the multilateral mechanism, including a global fund. The multilateral mechanism and the associated global fund were adopted at COP 15 as part of the historic Kunming-Montreal Global Biodiversity Framework (KMGBF)—the world’s masterplan guiding biodiversity actions through 2030 towards achieving the vision of a world living in harmony with nature by 2050.

If its operationalization is adopted at COP16 (Cali, Colombia, 21 October -1 November 2024), the multilateral mechanism, including a global fund, is expected to mobilize new streams of additional funding for biodiversity conservation worldwide, and to support the CBD’s three overarching objectives: conserving biological diversity, sustainable use of its components, and the fair and equitable sharing of the benefits arising from the use of genetic resources.

“The Parties are ready to move towards the next stage of considering options on the basis of the work that has been done so far. We appreciate their vote of confidence and commitment towards a pragmatic and adaptive solution that is cost effective, efficient and simple,” said Mphatso Kalemba of Malawi and William Lockhart of the United Kingdom, the Co-Chairs of the Ad Hoc Open-Ended Working Group within which the negotiations are unfolding. “At this meeting, we hope to hear a clear positive signal of commitment and goodwill to the shape of this multilateral mechanism.”

Sectors that rely on DSI, such as pharmaceuticals, chemicals, cosmetics, agriculture and other consumer products, stand to gain from clearer guidelines on benefit-sharing, while indigenous peoples and local communities, as custodians of biodiversity, stand to benefit from the fund. The talks in Montreal will address critical operational details: who pays, how much, and under what conditions, and how to ensure transparency and inclusivity in decision-making.

“The multilateral mechanism is a game-changer. It is expected to provide a multilateral solution and policy guidance on benefit-sharing from the use of DSI on genetic resources, address the crucial aspects of equity, fairness and social justice, bolster capacity-building and development and technology transfer, and mobilize new streams of biodiversity finance,” said Astrid Schomaker, Executive Secretary of the CBD, adding that the multilateral mechanism could be a signature outcome of the forthcoming COP 16 in Cali, Colombia.

“In the same manner as the historic KMGBF adopted in 2022, a breakthrough on the DSI multilateral mechanism would signal that environmental multilateralism can deliver for people and nature,” Ms Schomaker said.