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ADESINA PLEDGES QUALITY DELIVERABLES TO AFRICA

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ADESINA PLEDGES QUALITY DELIVERABLES TO AFRICA

President of African Development Bank (AfDB), Dr Akinwumi Adesina, has assured a much stronger and resilient bank to deliver quality impacts on African people which would be done with the leadership and capacity of the bank.

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Adesina made the pledge while giving his inaugural speech during a virtual swearing-in ceremony on Tuesday in Abidjan, Côte d’Ivoire.

He said that over the past five years, the bank’s High 5 programmes which are Light up and Power Africa; Feed Africa; Industrialise Africa; Integrate Africa; and improve the quality of life of the people of Africa had impacted 335 million people.

“With the strong support of the African heads of state and governments, governors of the bank, ministers of finance, the board of directors and staff, we will be ready from today, yet again to roll up our sleeves and continue our collective work to deliver even greater results on our High 5s.

“Build a stronger institution; strengthen human capacity; enhance effectiveness; deepen quality and impact, and maintain financial sustainability,” he said.

Adesina added that the United Nation Development Programme had shown that achieving the High 5s would lead to the achievement of 90 per cent of the Sustainable Development Goals and the Agenda 2063 of the African Union.

He also noted that through the Africa Investment Forum in 2018 and 2019, the bank was able to attract combined, 78.8 billion dollars-worth of investment interests into Africa.

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Finance

LCCI Announce New Date For Lagos International Trade Fair

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Lagos Chamber of Commerce and Industry (LCCI), a leading voice in the organized private sector (OPS) in Nigeria, has postponed the 2020 edition of the Lagos International Trade Fair.

The trade fair earlier scheduled to hold from November 6-15, 2020 has been rescheduled to hold from December 4-13, 2020.

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According to the Chamber, the trade fair, which will feature both physical (In-person) and virtual (Online) platforms, will run for a total of ten days at the Tafawa Balewa Stadium (TBS).

The Director General of the Chamber, Dr. Muda Yusuf, explained that the postponement is occasioned by the economic disruptions brought about by the COVID-19 pandemic and the recent EndSARS protests across the nation.

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CBN Releases Guidelines for N75 Billion Nigeria Youth Investment Fund

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The Central Bank of Nigeria (CBN) has released guidelines for implementation of the proposed N75 billion Nigeria Youth Investment Fund (NYIF).

CBN, in a statement by its Development Finance Department, stated that the fund was a built-in strategy to effectively respond to the challenge of youth employment in Nigeria.

The Fund, an initiative of the Ministry of Youth and Sports Development, is to be managed by NISRAL Microfinance Bank.

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“The plan targets young people between 18 and 35 years and details the needed actions required to access the funds.

“The fund aims to financially empower youths to generate at least 500,000 jobs between 2020 and 2023,’’the apex bank said.

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Nigerian Economy Loses N700Bn to EndSARS Protest – LCCI

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Nigerian Economy losses N700bn TO Endsars Protest-LCCI

The Lagos Chamber of Commerce and Industry (LCCI) has valued the nation’s losses as a result of the ENDSARS protest at N700 billion.
The statement released by LCCI partly reads:

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“The Lagos Chamber of Commerce and Industry is however concerned about the negative impact that the protracted nature of the EndSars protests has on business activities across the country. Over the past twelve days, economic activities have been crippled in most parts of the country and have been particularly profound in the urban areas. The Nigerian economy has suffered an estimated Seven Hundred Billion Naira [₦700 billion] loss in the past twelve days’’.

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infectious diseases in your community. It is very important to wash your hand frequently with soap under running water.

COVID-19 IS REAL

#COVID19NIGERIA Situation Report

The #COVID19Nigeria situation report for 21st July, 2020 has been published. Our daily reports provide a summary of the epidemiological situation & response activities in Nigeria

The #COVID19Nigeria situation report for 21st July, 2020 has been published. Our daily reports provide a summary of the epidemiological situation & response activities in Nigeria

@Africa CDC

The African Union and Africa CDC will virtually rollout the Partnership to Accelerate COVID-19 Testing (PACT) in Africa tomorrow 4 June, 2020 at 11.00 am Eastern Africa Time.

The African Union and Africa CDC will virtually rollout the Partnership to Accelerate COVID-19 Testing (PACT) in Africa tomorrow 4 June, 2020 at 11.00 am Eastern Africa Time.

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Gallant Officer
"Also found worthy of honour was Bashir Abubakar, an Asst Comptroller-General of Customs, who rejected a bribe of $412,000 per container offered him by drug traffickers seeking to bring 40 containers of Tramadol into Nigeria. A fine example of incorruptibility, worthy of emulation"

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