The Bank of Industry (BOI) on Friday updated the public on the implementation and disbursement of grants under the Nigeria COVID-19 Action Recovery and Economic Stimulus Programme (NG-CARES). The bank stated that the clarification became imperative in view of the numerous public enquiries on the NG-CARES as they related to eligibility criteria and processing of […]
The African Development Bank Group (AfDB) has formally introduced its new initiative, the African Pharmaceutical Technology Foundation (APTF), in collaboration with the African Union to boost Africa’s capacity to produce drugs, vaccines, diagnostics, and therapeutics all along the value chain, to help build the continent’s pharmaceutical sector. The APTF was the focus of a forum […]
The African Development Fund (ADF), the concessional window of the African Development Bank Group (AfDB) providing grants and soft loans, has approved $8.9 billion to its 2023 to 2025 financing cycle to support low-income countries in the continent. The $8.9 billion package, which is the largest replenishment in the history of the Fund, was approved […]
The National Bureau of Statistics (NBS), the agency responsible for national statistical system coordination in Nigeria, on Thursday reported that 133 million Nigerians, representing 63 percent of the 216 million Nigerians were multidimensionally poor, despite sustained efforts by the governments to alleviate poverty in the country. The Bureau gave this figures in the ‘2022 Nigeria […]
The Director General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has charged world leaders to join the WTO in charting a trade roadmap for a just and ambitious global response to climate change. Okonjo-Iweala, who made the call in an opinion article on Climate Change published on Tuesday by Financial Times, explained that […]
The National Agency for Food and Drugs Administration and Control (NAFDAC) has restated its determination to attain the World Health Organization (WHO) Maturity Level Four certification, as a regulatory step towards making pharmaceutical products manufactured in Nigeria competitive in the rapidly transforming the global market. The agency’s Director-General, Prof. Mojisola Adeyeye, who made this remark […]
The Director-General of the International Labour Organization’s (ILO), Gilbert Houngbo, told delegates at the 2022 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) to preventing scarring and protect the most vulnerable by increasing minimum wages and guaranteeing social protection benefits. A statement from the global labour organization on Thursday […]
The Centre for Promotion of Private Enterprise (CPPE), one of Nigeria’s private sector advocacy groups championing the cause of policy-driven economic policies and initiatives, has canvassed a 10-point strategic agenda needed to strongly position the nation’s economy on the path of sustainable growth in the years ahead. The Centre, in a Note signed by its […]
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 […]