Delegates from the African Union, governments and regulators, operators and enterprise representatives, analysts in the region have met to discuss strategies to expand broadband services and develop broadband applications in Africa. Broadband has become an important engine for economic development. According to the World Bank studies, every 10 per cent of broadband penetration can generate…
Africa-Re’s partnership with IFC (A member of the World Bank group) in March 2019 is strategic and symbolic. The Partnership aims at providing technical support to insurance companies for their agricultural line by using index-based agricultural insurance. This no doubt will trigger innovative and more efficient solutions for small farmers, help them mitigate effects of…
The Senate on Thursday approved President Muhammadu Buhari’s request for ongoing external loans to the tune of $8,325,526,537 (USD) and €490,000,000 (Euros) under the 2018-2020 External Borrowing (Rolling) Plan. The approval followed the consideration of a report on the 2018-2020 External Borrowing (Rolling) Plan by the Committee on Local and Foreign Debt. Chairman of the…
President Muhammadu Buhari has reassured Nigerians that the administration’s ambitious policy of lifting 100 million Nigerians out of poverty did not come by accident or “something we just bumped into,” but a deliberate one that will be pursued with remarkable grit and determination. Speaking on Tuesday at a meeting with the Presidential Economic Advisory Council…
The Kwara State Government has won $16.9m worth of achievements in the 2019/2020 World Bank-supported State Fiscal Transparency, Accountability and Sustainability (SFTAS) programme for results —the highest ever achieved by the state since the initiative began in 2018. A statement by the Press Secretary, Ministry of Finance and Planning revealed that the awards came after…
The World Bank on Tuesday finally confirmed the approval of $1.5 billion loan to Nigeria aimed at boosting the country’s efforts in reducing poverty. A statement by the World Bank country director for Nigeria, Shubham Chaudhuri said the approved loan facility has a five-year tenure which will run between 2021 and 2024. The institution added…
There appears to be a growing trend in this country. As I reflect on the last few weeks in our nation’s history, something about it seems hauntingly familiar, and it’s not merely the apparent unity of the Nigerian people in the face of the heinous kidnapping of our Chibok girls, or the involvement of the…