The programme will support the fast-tracking of the implementation of key policy and institutional reforms and boost private sector participation in agriculture. On Friday, the Board of Directors of the African Development Bank Group approved a $134 million loan for the National Agriculture Growth Scheme – Agro Pocket program in Nigeria to scale up food production and boost livelihood resilience. The programme will support the fast-tracking of the implementation of key policy and institutional reforms and encourage private sector participation in agriculture. This will help increase cereals and oil grains production by 7 million tonnes to 35 million tonnes. It…
Author: Elvis Eromosele
The Pan African Digital Initiative Summit & Expo (P.A.D.I.S.E) 2022 which held in Lagos Nigeria last week with attendance from the biggest names in Nigeria’s technology and security space has identified collaboration as the major way forward in the quest to curb the rising threats of insecurity, whether cyber or physical. The seminal conference had the theme: Leveraging the Right Policies and Technologies in Taming Insecurity and Cyber Threats. Prof. Isa Ali Pantami, Minister of Communications and Digital Economy of Nigeria who delivered the lead paper noted that combating cybersecurity is a collective effort that demands a multi-sector approach. He…
Leading digital technology solutions providers, innovative users and digital savvy states have been honoured at the 18th Annual Titans of Tech Awards which held in Lagos weekend. Zoho Technologies emerged as the Most Innovative Business Productivity Solutions Provider Of The Year, African Data Centre was crowned as the Most Innovative Data Centre Service Provider Of The Year and Itel was voted Most Innovative Tech Brand Of The Year. Declaring the award ceremony open, Eng Ernest Ndukwe, OFR, Chairman, MTN Nigeria and former Executive Vice Chairman, Nigerian Communications Commission (NCC), praised the organiser of the Titans of Tech Award for its…
The Pan African Digital Initiatives Summit and Exhibition (PADISE 2022) scheduled to hold Thursday and Friday, July 21 and 22, 2022 at the Oriental Hotels, Victoria Island, Lagos, Nigeria is the biggest destination for technology enthusiasts and experts in West Africa this season. The theme of this year’s summit cum exhibition, “Leveraging Right Policies & Technologies in Taming Insecurity & Cyber-Threats” is particularly significant in the light of global insecurity challenges both physical and cyberspace. Participants at this seminal session will enjoy front role seats as security and technology experts explore the potential and ways to tackle insecurity and terrorism…
The U.S Department of Justice (DOJ) has convicted several fintech executives for laundering 160 million dollars to Nigeria. The U.S Department of Justice (DOJ) in a statement said Ping Express “transferred millions of dollars from the United States to Africa and has admitted that it failed to adequately guard against money laundering.” U.S. Attorney for the Northern District of Texas Chad E. Meacham announced that Ping Express U.S. LLC pleaded guilty to failure to maintain an effective anti-money laundering program. Ping Express has Nigerian-born executives – CEO Anslem Oshionebo and Ping COO Opeyemi Odeyale – who pleaded guilty to failure…
Nigeria’s oil production crashed by about 14.94 million barrels in the second quarter of 2022, according to data obtained from the latest Monthly Oil Market Report of the Organisation of Petroleum Exporting Countries (OPEC) for June 2022. An analysis of the figures released by OPEC and the average cost of crude in Q2 2022 obtained from global oil price reports indicated that Nigeria’s oil earnings plunged by about N703.76billion, being the worth of the 14. 94 million barrels of crude were lost during the period under review. Based on direct communication from OPEC’s 13-member states on crude oil production, OPEC…
The Federal Government (FG), in furtherance of efforts to curb incidents of poverty in the country, has approved N400 billion under the National Poverty Reduction and Growth Strategy (NPRGS). Initiatives covered under this strategy include the Government Enterprise and Empowerment Programme, Conditional Cash Transfer, Farmer Money, and Market Money. The approval for 2022 was made known by the Governor of Nasarawa State, Abdullahi Sule, who spoke with State House correspondents last week after a meeting of the National Steering Committee of the NPRGS at Aso Rock in Abuja, to review the implementation of what was approved in the budget. The…
The Nigeria Customs Service (NCS) Apapa Area Command, has announced that it generated N522.4 billion in the first half of 2022. The Area Controller, Comptroller Malanta Yusuf, made this known at a news conference in Lagos recently. Mr Yusuf said that the figure showed a significant increase of N156 billion or 42.54 per cent when compared to the N366.5 billion collected in the corresponding period of 2021. According to him, “This feat was made possible because of our officers’ resilience in ensuring identified revenue leakages have been mitigated while sustaining the level of compliance by the importers/stakeholders in…
Aquaculture and fisheries management specialists have called on the government at all levels to emplace and implement the Food and Agricultural Organisation’s (FAO) Voluntary Guidelines for Securing Sustainable Small-Scale Fisheries in the Context of Food Security and Poverty Eradication (SSF Guidelines). The guidelines will also boost fish productivity and will help to close the 2.5 million metric tonnes supply deficit. These were disclosed during a three-day hybrid national stakeholders’ advocacy and capacity-building workshop on the implementation of the SS guidelines in Nigeria held at Lagos State University (LASU), Ojo, Lagos. The workshop was organised by LASU, in collaboration with the…
The Lagos State government says it is committed to increasing retail trading in the state to over 60 per cent in order to ensure it leverages the Nigerian market demand as it aims to become the export hub for fast-moving consumer goods (FMCGs) and exports into West Africa. Babajide Sanwo-Olu, the Lagos state governor, stated this during the 8th edition of the EU-Nigeria Business Forum (EUNBF) in Lagos, themed “Nigeria and the New Economy”. Reiterating the state government’s effort to improve the ease of doing business in Nigeria’s commercial capital through infrastructure development, Sanwo-Olu noted that there is a need…