Development
Development
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US removes export duties on Nigerian cocoa, other products to boost economy
The United States has announced the removal of export duties on cocoa and other Nigerian products as part of an initiative to stimulate the nation’s economy. President Joe Biden made the disclosure during the inauguration of the 2nd National Working Committee of the Cocoa Farmers Association of Nigeria (CFAN). Franklin Amao, a member of the Advisory Council on the Ease…
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Subsidy removal: Nigeria can seize opportunity to realize its growth potential, says World Bank
The World Bank has said the removal of petrol subsidy by the Federal Government could have a transformative impact on the lives of millions of Nigerians and establish a solid foundation for sustainable and inclusive growth. This was contained in the latest Nigeria Development Update report released by the World Bank on Tuesday. “The removal of the petrol subsidy and…
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Poor people being bypassed or bankrupted as rich countries pour billions into private healthcare
Patients living in poverty in the Global South are being bankrupted by private healthcare corporations backed by multi-million-dollar investments from development finance institutions (DFIs) run by the UK, French, German and other rich country governments. DFIs like the World Bank’s International Finance Corporation (IFC) and the European Investment Bank (EIB) invest public funds via the private sector to help foster…
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DRC remains epicentre of child suffering in war as country tops world list of grave violations against children
The Democratic Republic of Congo (DRC) had the highest number of grave violations against children in armed conflict in the world for a second year in a row in 2022, with at least 2,420 children suffering from violations such as killing, maiming, abductions, and sexual violence, Save the Children said. The UN’s Annual Report on Children and Armed Conflict, released…
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ICPC chairman expresses concerns over corruption in World Bank grants
Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye, has raised concerns about corruption affecting several grants from the World Bank. Owasanoye during a recent meeting with a delegation from Ghana’s Economic and Organised Crime Office, said that the international political economy is not conducive to the progress of developing countries in their fight…
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2023 World MSME Day: Shettima promises FG will fast track access to single digits loan
In recognition of the role of MSMEs in growing the nation’s economy, the Vice President, Sen. Kashim Shettima, has announced the Federal Government’s plan to ensure quick access to single digit loans for small businesses within the shortest time possible. The Vice President made the disclosure on Tuesday in a message to mark the 2023 World Micro Small and Medium…
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Ladipoe joins BudgIT, CODE as cultural influencer for COVID-19 Transparency Project
BudgIT and Connected Development (CODE) have announced their collaboration with Nigerian rapper, Ladipoe, who will serve as a cultural influencer for their COVID-19 Transparency and Accountability Project (CTAP). The contract signing took place in Lagos on Monday, where the talented artist, whose real name is Ladipo Eso, officially joined forces with the two prominent civil society organizations (CSOs). CTAP, an…
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Nigeria’s sustainable energy media influencer honored in Kenya
The founder and chief executive officer of Energy Intelligence, a Lagos-based sustainable energy communications outfit, Ayobami Adedinni has won the Founders Award of the Youth Energy Summit in Nairobi, Kenya. The Youth Energy Summit is a network for early career professionals, entrepreneurs, students and educators to boost the skills, connections and business readiness of a new generation of African energy…
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Pate steps down as Gavi’s next CEO
…may take up ministerial appointment under Tinubu Dr Muhammad Ali Pate has stepped down as the incoming Chief Executive Officer (CEO) of Gavi, the group announced on Monday. The group said Gavi had asked to be excused from the new role “to return and contribute to his home country, Nigeria”. The Gavi Board then announced the appointment of Gavi’s COO,…
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AfDB, European Investment Bank, WHO, others launch new investment platform to strengthen primary health care services
In a landmark development aimed at investing in and strengthening essential, climate and crisis-resilient primary health care services in low- and low-and-middle income countries, three multilateral development banks have joined with the World Health Organization (WHO) to launch the new Health Impact Investment Platform. The Platform, launched during the Summit for a New Global Financing Pact (link is external) being held in…
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