Development

Do not overlook Africa’s trillion-dollar food, agribusiness sector, Akinwumi Adesina tells investors

Africa’s food and agribusiness will be worth an estimated US$1 trillion by 2030, African Development Bank President Dr Akinwumi Adesina told participants of the World Food Prize Foundation’s Norman E. Borlaug Dialogue(link is external) in Des Moines, Iowa on Thursday. The annual event in America’s agricultural heartland, revolved around this year’s theme of “harnessing change,” with delegates and panellists exploring innovative ideas to shore…

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AfDB, partners vote additional $1bn to fund Nigeria’s SAPZs in 24 states

The African Development Bank (AfDB), Islamic Development Bank (IDB) and the International Fund for Agricultural Development hinted on Thursday that they have voted $1 billion to further deliver special agro-industrial processing zones in 24 States of Nigeria. This is in addition to an initial $520 million voted by the development partners for the development of eight special agro-industrial processing zones…

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Tinubu has approved initiative to unlock healthcare value chain – Pate

The Minister of Health, Prof. Ali Pate, has revealed that President Bola Tinubu has approved a landmark health initiative aimed at unlocking the value chain threatening the health sector in the country. Pate said this on Wednesday while briefing State House correspondents at the presidential villa in Abuja after a meeting with the president alongside Seniat Fisseha, the Buffett Foundation’s…

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First lady receives youth minister, pledges support for youth development, empowerment

Nigeria First Lady, Senator Oluremi Tinubu, says a single action can impact a family and community of people, especially the vulnerable ones. She said this while receiving the Minister of Youth Development, Dr Jamila Ibrahim on courtesy visit to her office at the State House, Abuja. The first lady reiterated her initiative, RHI’s commitment towards alleviating the struggles of families…

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Nigeria rolls out vaccination programme for 7.7 million girls against cervical cancer

Nigeria on Tuesday, launched the immunisation programme of 7.7 million girls against the Human Papillomavirus (HPV), which is the largest number of girls in Africa to receive the vaccine in a single round. In a coordinated statement released on Tuesday, the Vaccine Alliance, GAVI, UNICEF, and the World Health Organisation (WHO) stated that the goal of the initiatives is to…

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First lady decries high prevalence of cervical cancer in Nigeria

Commends introduction of HPV vaccines into routine immunization schedule Nigeria’s First Lady, Senator Oluremi Tinubu, has decried the high prevalence of cervical cancer in Nigeria. She was speaking at the National launch of the introduction of the HPV Vaccine into the routine immunization schedule of the National Immunization Programe in Abuja on Tuesday. She emphasized that the initiative does not…

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Tinubu approves $5bn humanitarian and poverty allocation trust fund – FEC

President Bola Tinubu has approved the sum of $5 billion for the committee on humanitarian and poverty alleviation trust fund to ensure to address all humanitarian crises such as flood and other natural disasters. The humanitarian minister, Beta Edu, disclosed this on Monday after the Federal Executive Council meeting with President Tinubu at the state house in Abuja. The minister…

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EU to invest €5.4m in teacher training to reduce out-of-school children in north-west

The European Union (EU) has launched a €40 million intervention programme on education and youth empowerment for the north-west region of Nigeria, where 20 million children are out of school, according to a recent UNESCO report. The programme, which is part of the EU’s Global Gateway initiative that will provide €150 billion aid to Nigeria by 2027, aims to improve…

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Nigeria, other African countries to get £150bn EU investment

Nigeria and other African countries will benefit from a £150 billion investment package from the European Union (EU) by 2027. The EU launched its global gateway initiative in Abuja on Thursday to boost infrastructure, development, and economic ties with its partner countries. Jutta Urpilainen, EU commissioner for international partnerships, said the initiative aims to improve connectivity in transport, energy, and…

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AGF, AfDB partner to boost lending to women SMEs in Nigeria

The African Guarantee Fund (AGF), a pan-African financial institution, has joined forces with the African Development Bank (AfDB) Group to increase Nigerian banks’ lending to small and medium enterprises (SMEs) owned by women. AGF will take on 70 percent of the credit risk, while banks will take 25 percent, to encourage financial institutions to finance more businesses run by women.…

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