Development
Development
-
Lekki Deep Seaport game changer, says Lai Mohammed
Minister of Information and Culture, Alhaji Lai Mohammed, has described the Lekki Deep Seaport as a game changer in the maritime sector, with the capacity to turn Nigeria into a shipping hub, boost the economy and create jobs. The minister made the remarks on Wednesday in Lekki, during a media tour of the deep seaport, located 65 kilometers East of…
Read More » -
Buhari lauds AfDB for being proactive on food security
President Muhammadu Buhari has lauded the Africa Development Bank (AfDB) for planning ahead of whatever negative consequences may come from the Russia-Ukraine war in terms of food security. The President spoke Tuesday at State House, Abuja, during an audience with the AfDB President, Dr Akinwumi Adesina, who briefed him on steps being taken by the bank to avert food crisis…
Read More » -
Buhari seeks update on COVID-19 local vaccine production
President Muhammadu Buhari has directed the Minister of Health, Dr Osagie Ehanire, to submit a progress report on the indigenous production of vaccines in the country by the end of May. The President gave the directive on Wednesday, while receiving the leadership of the Nigeria Integrated Biopharmaceuticals Industries Consortium (NIBI), led by Mr Vilarugel Cuyas, Chairman/Chief Executive Officer of Fredlab.…
Read More » -
Nigeria at point of no return — US Council of Foreign Relations
The Council on Foreign Relations (CFR), and the Harvard Kennedy School in the United States, have said that Nigeria as a nation, is at a point of no return, showing all the signs of a failed nation. The organisation made the disclosure in a research finding it released through its senior fellow and former US Ambassador to Nigeria, John Campbell…
Read More » -
Flipping the corruption myth with global transparency
LSE’s Jason Hickel argues that corruption is far from the sole cause of poverty in the Global South, and we urgently need to rethink notions of transparency. Transparency International recently published their latest annual Corruption Perceptions Index (CPI), laid out in an eye-catching map of the world with the least corrupt nations coded in happy yellow and the most corrupt…
Read More » -
Russia-Ukraine war has damaged global economy – Okonjo-Iweala
Director-General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala says the ongoing war between Russia and Ukraine has “damaged the global economy”. She spoke on Tuesday at a press briefing in Geneva at WTO headquarters to appraise the current state of global economy and the disruption the Russia-Ukraine war has caused. According to her, worst hit are low-income nations who…
Read More » -
FAO: Global food prices makes highest level ever leap in March
The Food and Agriculture Organisation (FAO), has announced the highest leap in the global food prices in March, with a 12.6 per cent increase. In the monthly report published on Friday, the FAO said the Food Price Index averaged 159.3 points in March, an increase of 17.9 points the highest since inception in 1990. The report said: “The latest increase…
Read More » -
World Bank suspends Nigerian company, MD for corruption
The World Bank has suspended a Nigerian company SoftTech IT Solutions and Serviced and its Managing Director, Mr Isah Kantigi over corrupt practices. In a statement published on its website on Wednesday, World Bank said the IT company and its MD were slammed with a 50-month and 60-month debarment respectively for “corrupt practices as part of the National Social Safety Nets…
Read More » -
Personal income tax has untapped potential in poorer countries – IMF
Many governments aiming to achieve a durable economic recovery from the pandemic must raise significant amounts of revenue in the fairest way possible. The personal income tax—levied on wages, salaries, and other income—is a suitable instrument for this challenge. In new research, we examine the scope for making greater use of this fiscal tool in developing countries, where many people…
Read More » -
World Water Day: Group plans capacity building for young females in stem
As part of activities to commemorate 2022 World Water Day and International Women’s Day, the Network of Female Professionals in Water Supply, Sanitation and Hygiene (FEMinWASH) said it would launch a national program to build the capacity of younger women in the stem-related areas. The program, according to the President of the Network, Dr. Bolu Onabolu, would be launched on…
Read More »
