Following the positive impact of its interventions in Nigeria’s healthcare system over the past two years, the Nigerian Sovereign Investment Authority (NSIA) on Thursday disclosed that it planned to invest, in collaboration with its partners, about $100 million in its Diagnostics and Oncology Expansion Programme for critical medical facilities in the country. The NSIA’s Managing […]
The World Bank Group has disclosed that it committed the sum of $31.7 billion this financial year (FY2022) to help countries address climate change challenges. The Washington D.C-based multilateral finance institution in a statement hoisted on its website on Thursday indicated that the amount represented a 19 percent increase over the $26.6 billion financing by […]
Nigeria’s Minister of Health, Dr. Osagie Ehanire, has advised African governments to develop fiscal and other business-supporting policy frameworks to increase Sub-Saharan Africa’s (SSA’s) manufacturing capacity of essential pharmaceuticals to improve the regional health system. The minister was quoted in a statement issued on Wednesday by the Deputy Director/Head (Media & Public Relations Unit) of […]
…lauds NBS, development partners on quality of report The Minister of Finance, Budget and National Planning, Mrs. (Dr.) Zainab Ahmed has described the Nigerian 2021 Multiple Indicator Cluster Survey and the National Immunization Cluster Survey (MICS/NICS) report as vital to the nation’s socio-economic development, especially as its relates to policy measures to address children and […]
President Muhammadu Buhari on Tuesday disclosed the Federal Government had released a total of N100 billion loan to indigenous pharmaceuticals manufacturers and healthcare investors as part of his administration’s efforts to improve their capital base and increase local production of drugs and medical consumables. President Buhari, who was quoted in a statement issued by his […]
Data from insurance and reinsurance broker Aon finds that globally, insured losses from natural disaster events totalled $39 billion in the first half of 2022, which is roughly 18% above the 21st century average. According to a news report by Reinsurance News, in contrast to the above average volume of catastrophe losses experienced in the […]
The World Bank Group has reported that despite its devastating impacts on the global economic system, the COVID-19 pandemic encouraged financial inclusion and also led to increase in digital payments globally. The multilateral financial institution gave this hint on Wednesday in its latest Global Findex 2021 database, noting that the expansion creates new economic opportunities […]
As the Russia-Ukraine war continues to take huge toll on global food supply, the Africa Development Bank (AfDB) Group has earmarked $1.5 billion for Africa Emergency Food Plan as part of its efforts to mitigate the impact of the projected war-triggered food crisis on Africans The President of the AfDB, Dr. Akinwumi Adesina, who gave […]
The African Development Bank (AfDB) and the Economic Community of West African States (ECOWAS) have signed a memorandum of understanding (MoU) for $3.56 million in grant funding to support the development of pharmaceutical industries in West Africa. The Managing Director of the Bank for Nigeria, Lamin Barrow, and ECOWAS Commissioner in charge of Industry and […]
The Chairman of National Association of Telecommunications Subscribers (NATCOMS), Mr. Adeolu Ogunbanjo, on Friday dispelled the impression by people that telecom mast radiation is risky, pointing out that there is no health risk associated with erecting telecoms mast in residential areas. The NATCOMS’ leader was quoted by the News Agency of Nigeria (NAN) as saying […]