Connect with us

News

AfDB to create 25 million new jobs by 2025 —Adesina

Published

on

Dr Akinwunmi Adesina, the President, African Development Bank (AfDB) says the bank is targeting to create 25 million new jobs by 2025.

Adesina said this when he delivered a lecture on “Social Media, National Security and Social Change: Bridging the Gap for Development in Africa’’ in Lagos.

According to a statement issued by the bank on Friday in Abuja, Adesina underscored the enormous potential that Nigeria has for attracting global digital commerce and financial services.

Adesina added that the bank was also investing heavily in quality infrastructure to transform the backbone of Africa’s technological revolution.

“To support Nigeria, the AfDB is preparing investments in the country’s Digital and Creative Enterprises (i-DICE), a 500 million dollars investment programme to be co-financed with several partners.

“i-Dice will promote entrepreneurship and innovation in the digital technology and creative spaces. It will help create sustainable jobs and make Nigeria a global powerhouse in these industries.

“This programme will boost innovation, especially in the tech-enabled business and e-commerce space, where new and successful ventures are being inaugurated in Nigeria,’’ he said.

The AfDB boss stressed that Nigeria could be a key player in developing Africa’s technological enterprises.

“Start-ups run by young Africans are already attracting millions of dollars in investment capital.

“Expensya, Gro Intelligence, Tyme Bank, and Flutterwave, to name a few, are well on their way to becoming billion-dollar companies.

“Today, Yabacon Valley has emerged as one of the leading tech hubs in Africa with between 400 and 700 active start-ups worth more than two billion dollars, second only to Cape Town.

“Andela, a global technology start-up based in Yabacon Valley, recently attracted 24 million dollars in funding from Facebook founder Mark Zuckerberg.

“Already, Nigeria is home to three unicorns – tech and tech-enabling companies with valuations exceeding one billion dollars–Paystack, Flutterwave and Interswitch.

“The 200 million dollars investment by Stripe (a Silicon Valley firm) in the local payments company Paystack, and 400 million dollars in three Fintech companies in just one week in 2019, signal the enormous potential that Nigeria has for attracting global digital commerce and financial services,’’ Adesina said.

While pointing out the need for every Nigerian to have reliable and affordable internet access, Adesina said that access would expand digital financial inclusion. (NAN)

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

TCN Acknowledges 7th Grid Collapse in 2024

Published

on

The Transmission Company of Nigeria (TCN) has reported its seventh partial grid collapse in 2024. Despite the recurring issue, TCN’s General Manager of Public Affairs, Ndidi Mbah, reassured the public that efforts to restore power are well underway, with about 90% of substations receiving bulk power.

Mbah noted that the Azura Power Station initiated the grid recovery, although a minor setback occurred. However, power supply has been restored to the Abuja region and other key distribution centers. The Ibom Gas Generating Station remained unaffected, continuing to supply power to the South-South region.

An investigation into the cause of the collapse will commence once full grid restoration is achieved.

Continue Reading

News

Jigawa Tanker Tragedy: Shettima, First Lady Mourn Victims, Pledge Federal Support

Published

on

Vice President Kashim Shettima has expressed deep sorrow over the tragic tanker explosion in Jigawa State, which claimed over 100 lives. In a statement issued by his media aide, Stanley Nkwocha, Shettima, on behalf of President Bola Tinubu, extended condolences to the affected families, praying for strength and comfort in their time of grief.

Shettima assured the public that the federal government is mobilizing resources to support the injured and assist those affected. He has directed the immediate deployment of the National Emergency Management Agency (NEMA) to provide aid. The Vice President also stressed the need for a review of fuel transportation safety protocols to prevent future incidents.

In a separate statement, First Lady Oluremi Tinubu offered her condolences to Jigawa Governor Umar Namadi and the people of Jigawa, praying for peace and comfort for the families affected. She called the incident “unfortunate” and extended prayers for the recovery of the injured and the repose of the souls lost in the tragedy.

Continue Reading

News

Nigeria Customs Intercepts Arms, Ammunition Worth N9.5bn Over Six Years

Published

on

The Nigeria Customs Service (NCS) has revealed that it intercepted a total of 10,598 pieces of arms and 114,929 rounds of ammunition valued at N9.58 billion over the past six years. Comptroller General of Customs, Bashir Adewale Adeniyi, made this disclosure during a press conference on enforcement activities in Zone A.

Adeniyi highlighted that 60% of these seizures occurred in 2023, reflecting the Customs’ increased efforts to curb arms smuggling. He also mentioned that recent operations such as Operation Whirlwind and Operation Swift Sting are part of a strategic response to tackle evolving smuggling tactics.

In addition to arms seizures, the Customs CG announced the largest pangolin scale seizure since 2020, with 9,493 kg of scales confiscated in collaboration with the Wildlife Justice Commission. The joint operation led to four arrests across Kano, Kaduna, and Lagos. The NCS continues to intensify efforts against wildlife trafficking, targeting supply routes in northern Nigeria and border areas.

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.