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AfDB’s Board Approves $5Mn For Clean Cooking Projects In Africa

The African Development Bank’s (AfDB’s) Board of Directors has approved a $5 million investment in the SPARK+ Africa Fund to deliver clean cooking solutions to over two million households across Africa. The continental development finance institution’s investment in the project will be complemented by an additional €10 million by the European Commission’s contribution. The Bank’s […]

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Dangote Urges OPS To Commit 1% Profit To Health Sector Funding

The Chairman, Aliko Dangote Foundation, Alhaji Aliko Dangote, has urged all operators in the private sector to commit one percent of their profits to fund the health sector challenges in Nigeria, to enable the country frontally tackle the lingering COVID-19 pandemic in the country. The African foremost industrialist, who canvassed the fiscal option while responding […]

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Biden Vows To Prioritize COVID-19 Fight In Economy’s Recovery Agenda

The United States President-elect, Joe Biden, has promised to rebuild all facets on America’s national life as a priority of his government in order to make Americans proud, once again, of their cherished country. Biden, who gave the pledge in his post election speech, said one of the key reformation targets of the Democratic Party-led […]

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EU Agrees To Link Rule Of Law To Budget Fund Access

The European Union (EU) has agreed that all its member states must uphold democratic standards to access the EU’s billion-euro emergency Coronavirus (COVID-19) relief package and budget. The continental block parliament and its 27 member-states agreed on Thursday to tie the bloc’s long-term budget access to a mechanism requiring countries to live up to Europe’s […]

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NAFDAC Partners MSMEs To Grow Nigeria’s Economy

In furtherance of its commitment to Nigeria’s economic growth, the National Agency for Food and Drug Administration and Control (NAFDAC) is poised to continue to encourage the Micro, Small, and Medium Enterprises (MSMEs) to harness the potentials of trade and investment for the nation’s economic growth and sustainability. The Director General of agency, Prof Mojisola […]

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Senate Moves To Bar Buhari, Others From Foreign Medical Trips

Apparently concerned with huge sums being expended by President Muhammadu Buhari and other top state officials on foreign medical treatments yearly, the Senate on Thursday cautioned against such medical trips by the affected officials in view of the deleterious effects on the nation’s public finance system. Specifically, the Senators kicked against the medical tourism practice […]

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Pharmaceutical Group Seeks Review Of N100Bn Health Sector Facility’s Terms

Pharmaceutical industry operators in the country are seeking a review of the terms and conditions for accessing and repaying the N100 billion Central Bank of Nigeria’s (CBN) Health Sector Support Facility as they contend with scarcity of foreign exchange (FX) and other fiscal challenges in their operations. The N100 billion credit support intervention fund is […]

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Nigeria To Flag Off Key Socio-Economic Devt Surveys

Nigeria is set to conduct the Multiple Indicator Cluster Survey (MICS6)/National Immunization Coverage Survey (NICS) with an inaugural meeting of the National Steering Committee virtually held yesterday. The task of the committee is to oversee the whole process of MICS6/NICS2020 to ensure that all activities concerning the survey are effectively carried out for a successful […]

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Climate Change: GCA opens Africa Office, as AfDB Assures $25Bn Support

The opening of a regional office by the Global Center on Adaptation (GCA) on Wednesday has elicited commendations from African leaders who expressed the hope that the step would spur the continent’s efforts to combat climate change. Several regional and global leaders attended the high-level virtual launch. Key speakers included the 8th UN Secretary-General Ban […]

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Nigeria, Others Require $1.2Trn For Citizens’ Social Protection – ILO

The International Labour Organisation (ILO) on Thursday said that to guarantee at least basic income security and access to essential health care for all in 2020 alone, developing countries should invest approximately US$1.2 trillion, representing on average 3.8 per cent of their GDP. The global labour organization in its latest Policy brief, noted that since […]