Economy News & Reports WORLDReport

UN Projects 1.9% Global Economic Growth in 2023

A series of severe and mutually reinforcing shocks — the COVID-19 pandemic, the war in Ukraine and resulting food and energy crises, surging inflation, debt tightening, as well as the climate emergency — battered the world economy in 2022. Against this backdrop, world output growth is projected to decelerate from an estimated 3% in 2022 …read more →

AFRICAReports Economy News & Reports

AfDB to Assist African Countries Improve Their Data Management, Dissemination

The African Development Bank (AfDB), says it will assist African countries to improve their data management and dissemination through the provision of Open Data Platforms. According to AfDB, it will collaborate with the United Nations Economic Commission for Africa (UNECA), and the International Monetary Fund (IMF), to achieve this. To this end, the Bank said …read more →

Infrastructure News & Reports Telecom

NCC Says Over 100m Sims Produced Locally

The Nigeria Communications Commission (NCC) says over 100 million  Subscribers  Identity Module (SIM) has so far been  produced locally within a year of the first Nigeria  Telecommunications  Indigenous  Content  Expo. This was made known by Aderonke Sola-Ogunsola, NCC’s Head of Financing and Stakeholders Engagement Team at this year’s AfricaNXT  in Lagos. Sola-Ogunsola spoke on: Mandate and Strides …read more →

AFRICAReports Economy News & Reports

Buhari Launches 2nd Country Review Report, Asks Counterparts in Africa To Adopt Peer Review

President Muhammadu Buhari on Tuesday in Abuja called on member states of the African Union (AU) to imbibe the culture of peer review and peer-to-peer learning for proactive and strong leadership in the continent. The President made the appeal at the launch of the Second Country Review Report (CRR) and the National Programme of Action …read more →

Infrastructure News & Reports Telecom

NCC Urges CSOs To Safeguard Telecoms Infrastructure in Nigeria

The Nigerian Communications Commission (NCC) has called for the support of Civil Society Organisations to help safeguard telecommunications infrastructure in the country. The Executive Vice-Chairman, Prof. Umar Danbatta said this during the 2023 Youth, Civil Society and Stakeholders Summit on Curbing the Destruction and Vandalisation of Telecom and other Critical National Infrastructure in Nigeria on …read more →

Infrastructure News & Reports Technology

Techsocietal Partners NCC, TikTok On Online Safety for Kids

A Non Profit  Organisation, Techsocietal, the Nigeria  Communication Commission  (NCC) Internet Society  Nigeria and TikTok on Tuesday held workshop for parents and educators on online safety for children. The News Agency of Nigeria (NAN) reports that the workshop hosted by TechSocietal is to commemorate Safer Internet Day (SID) celebrated every second Tuesday in February The Executive …read more →

AFRICAReports Agriculture Banking and Finance Economy News & Reports

Development Partners Commit $30 Billion to Food Production in Africa

Development partners have committed $30 billion to boost food production in Africa over the next five years, the President of the African Development Bank (AfDB) said on Friday at the close of a summit on food security on the continent. The continent is facing its worst food crisis ever, with more than one in five …read more →

Infrastructure News & Reports Roads

Second Niger Bridge to Be Completed May 15 — Fashola

The Minister of Works and Housing, Babatunde Fashola, has given May 15 as the expected date of delivery for the Second Niger Bridge with four kilometres until completion. Fashola made the disclosure during a live appearance on a live television show, The 2023 Verdict on Monday. Asked when the project will be delivered, he said, …read more →

Infrastructure Infrastructure Financing News & Reports Railway Roads Urban Renewal

Lagos to Spend N482 bn on Infrastructure Projects in 2023

Lagos Governor Babajide Sanwo-Olu on Friday signed the State’s N1.77 trillion “Budget of Continuity” into law to consolidate the development strides of his administration and satisfy the yearnings of the residents.  The Governor said the fiscal document not only “aggressively” focus on completing ongoing capital projects, but it would also expand intervention programmes and intensify …read more →

Infrastructure Financing News & Reports Roads

Works Ministry Gets N110b Sukuk Funding for Roads

The Federal Ministry of Works and Housing has received a cheque of N110 billion SUKUK fund to build roads in six geo-political zones. A statement by Director of Press and Public Relations, Lere-Adams Blessing, said two ministries benefited from N130 billion 2022 SUKUK fund: Federal Ministry of Works and Housing and Federal Capital Territory, with …read more →