Development
Development
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AfDB reiterates support for energy security, transition in Africa
The African Development Bank (AfDB) has reiterated the importance of energy security and transition to economic development on the continent. Dr Adewumi Adesina, AfDB’s President, said this in a statement obtained by the News Agency of Nigeria (NAN) on Tuesday. Adesina spoke during the international panel session with the theme: “Security versus Energy Transition – Global Perspectives for Sustainable Energy…
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Social justice indispensable to overcome global challenges, ILO tells World Bank, IMF
The Director-General of the International Labour Organization (ILO), Gilbert F. Houngbo, has called for coherent multilateral action to strengthen the social dimension of sustainable development and economic growth – as envisaged by the ILO’s proposed Global Coalition for Social Justice. In statements delivered at the World Bank/IMF Spring Meetings in Washington D.C., Houngbo highlighted the need for social justice, to…
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Two million Nigerians impacted in FG’s 2022 Poverty and Growth Strategy projects
Almost 2 million vulnerable Nigerians across the country have been impacted by projects implemented under the Federal Government’s National Poverty Reduction with Growth Strategy (NPRGS) for the year 2022. A progress report presented at the NPRGS Steering Committee meeting chaired by Vice President Yemi Osinbajo, on Wednesday also indicate that about 1.6 million smallholder farmers were impacted under the Agriculture…
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Afreximbank, ECA sign agreement to establish Special Economic Zones in DRC, Zambia for production of Battery electric vehicles
African Export-Import Bank (Afreximbank) and the United Nations Economic Commission for Africa (ECA) have signed a Framework Agreement with the Democratic Republic of the Congo and Zambia for the establishment of Special Economic Zones (SEZ) for the production of Battery Electric Vehicles (BEV) and related services. Under the terms ratified in the Framework Agreement, Afreximbank and ECA will play a…
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Egyptian leader lauds African Development Bank for supporting continent through tough times
The President of the Arab Republic of Egypt Abdel, Fattah El-Sisi has commended the work of the African Development Bank Group in helping the continent deal with the impact of global economic challenges. The Egyptian leader on Tuesday received the President of the African Development Bank Group Dr. Akinwumi Adesina in the capital Cairo. Dr. Adesina was accompanied by the Bank’s Chief…
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Benchmark for world food commodity prices fall in March for the twelfth month in a row
The benchmark index of international food commodity prices declined for the 12th consecutive month in March, driven by declines in world quotations for cereals and vegetable oils, the Food and Agriculture Organization of the United Nations (FAO) reported today. The FAO Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 126.9 points in March 2023, down 2.1…
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Countries set out way forward for negotiations on global agreement to protect world from future pandemic emergencies
Countries of the World Health Organization have mapped out how negotiations on a global accord on pandemic prevention, preparedness and response will move forward with a view to presenting a draft accord for approval by the World Health Assembly in May 2024. Ending Thursday, discussions on the draft pandemic accord took place during the fifth meeting of the Intergovernmental Negotiating Body…
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Tinubu hails Dr. Masha on appointment as G-24 Director
President-elect Asíwájú Bola Tinubu has congratulated renowned economist and member of the Federal Government’s Economic Advisory Council, Dr. Iyabo Masha, as the Director of G-24 Secretariat. The Intergovernmental Group of Twenty-four on International Monetary Affairs and Development (G24) recently announced the appointment of Dr. Masha as the Director of the G-24 following an extensive recruitment process. She will succeed Ms.…
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Tinubu salutes Nigerian women on International Women’s Day
President-elect Asiwaju Bola Tinubu has hailed Nigerian women for their role in the nation’s development. Tinubu said this in his message to commemorate the International Women’s Day. He said his administration will help all Nigerian women achieve the year’s theme “DigitALL: Innovation and Technology for Gender Equality,” by providing the enabling environment for these goals to become manifest and usher…
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$100,000 Nigeria Prize for Literature: On the march again
The Advisory Boards for the Nigeria Prize for Science, Literature and Literary Criticism, have called for entries for the 2023 edition of the prizes, flagging off this year’s competitions. This was contained in a statement signed by Mr Andy Odeh, the General Manager, External Relations and Sustainable Development at Nigeria LNG Ltd. (NLNG), on Friday. According to the News Agency…
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