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Nigeria’s Poverty Reduced By Seven Per Cent – World Bank

Published

4 months ago

January 20, 2024

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The World Bank has estimated that improved access to internet coverage over three years led to a seven per cent reduction in extreme poverty in Nigeria and Tanzania.

This was disclosed in a new brief titled, “Digital transformation drives development in Africa,” noting that the exposure has also led to an increase of 8 per cent in labour force participation and wage employment.

The World Bank said, “In 2023, a World Bank flagship report found that in Nigeria and Tanzania, extreme poverty declined by about seven per cent after three or more years of exposure to internet coverage, while labour force participation and wage employment increased by up to eight per cent.”

In the brief, World Bank Chief Economist for Africa, Andrew Dabalen, was quoted as saying, “The minimal usage of mobile internet is a lost opportunity for inclusive growth in Africa. Closing the uptake gap would increase the continent’s potential to create jobs for its growing population and boost economic recovery in a highly digitalised world.”

The brief further highlights that over the past five years (2016-2021), sub-Saharan Africa experienced an extraordinary 115 per cent increase in internet users, a change that has been instrumental in spurring economic growth, fostering innovation, and creating job opportunities.

The brief adds, “The region’s digital infrastructure coverage, access, and quality still lag other regions. At the end of 2021, while 84 per cent of people in SSA lived in areas where 3G service was available, and 63 per cent had access to 4G mobile coverage, only 22 per cent were using mobile internet services.

“The gap between coverage and usage is similarly large for broadband, with 61 per cent of people in sub-Saharan Africa living within the broadband range but not using it.”

The Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, recently noted that the cost of data in Nigeria was still one of the cheapest in the world, but lamented that many operators are not willing to lay fibre in many parts of the countries outside the major cities because it would be unprofitable.

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JUST IN: Tinubu Appoints Spokesperson, Ngelale, As Special Envoy On Climate Action

Published

56 mins ago

May 19, 2024

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President Bola Tinubu has appointed his Special Adviser on Media and Publicity, Mr. Ajuri Ngelale, as Nigeria’s Special Presidential Envoy on Climate Action.

This was as he established a 25-person committee to oversee the country’s green economic initiatives.

“Ngelale will serve in this role as part of a larger Presidential Committee, to be chaired by the President,” the office of the secretary to the government of the federation revealed in a statement signed Sunday by its Director of Information and Public Relations, Segun Imohiosen.

“Ngelale will retain his role as the Official Spokesperson of the President and Special Adviser to the President on Media & Publicity while serving on the committee,” it added.

The statement is titled, ‘President Tinubu establishes a committee to oversee green economic initiatives, appoints Chief Ajuri Ngelale as special envoy on climate action.’

Imohsien said the Presidential Committee on Climate Action and Green Economic Solutions will “coordinate and oversee all policies and programmes on climate action and green economic development.”

“This is to remove the constraints to coordination, foster a whole-of-government approach to climate-action programmes, provide an efficient governance architecture, and ensure that all relevant institutions in the sector are plugged into the President’s vision and are collectively implementing the Renewed Hope Agenda on climate action,” it further explained.

The new committee which has the President as its Chairman also includes the Minister of Environment, Mr. Balarabe Lawal as its Vice-Chairman, and Mr. Ajuri Ngelale as its Secretary/Special Presidential Envoy.

Members are the CEOs of, InfraCorp, Mr. Lazarus Angbazo; National Council on Climate Change, Mr. Salisu Dahiru; Infrastructure Council Regulatory Commission, Mr. Michael Ohiani, Nigeria Investment Promotion Council, Mrs. Aisha Rimi and National Social Investment Fund, Mr. Aminu Umar-Sadiq.

The committee also consists of the CEOs of the National Agency for the Great Green Wall, Mr Yusuf Maina-Bukar, Energy Commission of Nigeria, Mr Abdullahi Mustapha; Rural Electrification Agency, Abba Aliyu; CreditCorp, Uzoma Nwagba, the National Agency for Science and Engineering Infrastructure, Khalil Halilu Member, Solid Minerals Development Fund, Fatima Shinkafi; CBN Deputy Governor (Deputy Governor, Corporate Services Directorate) Mr Bala Bello; UN SE4ALL, Lolade Abiola; Member and an Adviser to the NCCC Adviser, Teni Majekodunmi.

Others are representatives of the Federal Ministries of FCT, Finance, Industry, Trade & Investment, Water Resources, and Agriculture & Food Security.

The committee also consists of representatives from the Federal Inland Revenue Service and the Nigeria Customs Service.

The OSGF outlined eight objectives of the Presidential Committee. They are to:

“Identify, develop, and implement innovative non-oil & non-gas climate action initiatives.

“Coordinate all activities of relevant federal institutions towards the attainment of all agreed climate action and green economic objectives and non-oil/non-gas ambitions of the federal government.

“Collaborate with all relevant government, subnational governments, non-government, and civil society entities towards the attainment of the climate action objectives and ambitions of the federal government.

“Collaborate with national governments and multilateral institutions towards the attainment of the climate action objectives and carbon market ambitions of the federal government.

“Monitor, evaluate, and guide the progress of all climate action and renewable energy projects and activities of the federal government.

“Track and guide the implementation of initiatives and developments conducted by the Energy Transition Working Group.

“Supervise the work of the Presidential Steering Committee on Project Evergreen and

“Prepare a half-yearly green ambitions update, covering all associated climate action achievements of the federal government.”

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Hilton Expands Presence in Nigeria With Two New Hotel Signings

Published

4 hours ago

May 19, 2024

Editor

By Tari Ayesinghan | Lagos

Hilton has announced the signing of two new hotels in Nigeria, Canopy by Hilton Lagos Victoria Island and Hilton Garden Inn Enugu.

The move marks a significant expansion of the global hospitality company’s presence in the country.

Canopy by Hilton Lagos Victoria Island will feature 176 guest rooms and suites, a rooftop bar, and a conference room.

The hotel is located in the heart of Victoria Island, with stunning views of the Atlantic Ocean.

Hilton Garden Inn Enugu will have 150 guest rooms and suites, a gym, and an outdoor pool.

The hotel is situated in the HELIU Health Tourism District & Residences, a new development that includes a hospital, shopping mall, and office park.

The two new hotels will join Hilton’s existing properties in Nigeria, Transcorp Hilton Abuja and Legend Hotel Lagos Airport, Curio Collection by Hilton.

The company has also announced plans to develop Koko Beach Resort Ilashe Lagos, Curio Collection by Hilton.

Carlos Khneisser, Hilton’s Vice President of Development for the Middle East and Africa, said: “We are excited to announce the signing of Canopy by Hilton Lagos Victoria Island and Hilton Garden Inn Enugu. These new signings reaffirm Hilton’s commitment to Africa’s hospitality sector and confidence in Nigeria as a dynamic and growing market.”

The new hotels are expected to provide guests with a unique and welcoming experience, with a focus on local culture and hospitality. Hilton Garden Inn Enugu is set to open in 2025, while Canopy by Hilton Lagos Victoria Island is expected to open in 2026.

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Gunmen Kidnap A’Ibom Monarch

Published

7 hours ago

May 19, 2024

Editor

Paramount ruler in Mbo Local Government Area (LGA) of Akwa Ibom state, HRM Ogwong Okon A. Abang, has been kidnapped in his palace at Ebughu.

The abduction was said to have been carried out at about 9pm on Saturday. Recall that doctors in the state have downed tools over the kidnap of their colleague, Dr John Robbin Esu, who remains in the kidnappers den nearly three weeks after.

Like the case of Dr. Esu who was kidnapped in Oron LGA, the kidnap of the Paramount Ruler of Mbo, has raised more concern over the collapsed security architecture in Oron nation.

Only last week, the wife of Chief Asukwo Eweme Ulap Okon, aka Levile, a prominent political figure was also abducted in Oron.

Akwa Ibom State Police Command was yet to offer a word on the monarch’s abduction, but Commissioner of Police, CP Waheed Ayilara and other service Commanders were moving to the Ebughu Palace of the victim at the time of filing this report.