Blog

SDG Financial Access Score: ‘Nigerian banks closed 234 branches, 649’

IMF report on Nigeria sdg financial access score

The International Monetary Fund, IMF, yesterday, said that Nigerian banks closed 234 branches and 649 Automated Teller Machines, ATMs, in 2020 leading to a decline in the country’s SDG Financial Access Score (FAS) to 4.44 in the year against 4.78 in 2019. The IMF disclosed this in its Financial Access Survey 2021 Trends and Developments released yesterday. According to the report, the international community uses two FAS indicators to monitor the Target 8.10 of the 2030 Sustainable Development Goals (SDGs) which aims at strengthening the capacity of domestic financial institutions…

Read More

Nigeria launches Multidimensional Poverty Index survey

NBS SG talking about the Nigeria Multidimensional Poverty Index survey

Three years after the release of a Transparency International (TI) report which rated Nigeria as the poverty capital of the world after India, the Federal Government has launched the “Multidimensional Poverty Index (MPI) Survey”. The MPI will identify deprivations across health, education and living standards as well as show the number of people who are multi-dimensionally poor and the deprivations they face at the household level. In his remarks to flag off the survey, the Statistician General of the Federation (SG), Dr Simon Harry, said that MPI would track three…

Read More

Nigeria needs $1.5trn in 10-yrs to bridge infrastructure gap ― Buhari

Buhari attends ecowas virtual meeting national climate change policy

President Muhammadu Buhari has said that Nigeria needs a cumulative of $1.5 trillion dollars over ten years, to achieve an appreciable closing of the National Infrastructure Gap. This was contained in a statement issued by the Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu. According to the statement, President Buhari gave the figure in Glasgow at a COP 26 high-level side event on improving global infrastructure hosted by President Joe Biden of the United States, EU Commission President, Von Der Leyen, and the UK Prime…

Read More

COP26: Nigeria, 104 others promise to end deforestation by 2030

a site of deforestation in Nigeria

More than 100 countries including Nigeria have pledged to end deforestation by 2030. The country’s leaders made the pledge at the ongoing United Nations climate change conference COP 26 in Glasgow. The world leaders promised to raise $19.2 billion in public and private funds between now and 2030. Governments of 28 countries also committed to removing deforestation from the global trade of food and other agricultural products such as palm oil, soya and cocoa. These industries drive forest loss by cutting down trees to make space for animals to graze…

Read More

Nigeria Can Earn N41bn Annually From Jewellery Export – Adegbite

Adegbite discussing about roles of jewelry on Nigeria ecnomy

The Minister, Mines and Steel Development, Arc Olamilekan Adegbite, has said the development of the local jewellery industry can improve Nigeria’s exports by over N41 billion ($100 million). Mr Adegbite disclosed this in his keynote address at a one-day workshop titled: “Design of Strategy for the Development of Sustainable Jewelry and Gemstone in Nigeria” in Abuja on Monday. He noted that Nigeria is traditionally rooted in rocks and gemstone jewellery like the Benin bronze jewellery, Hausa/Fulani ornament, Ife and Nupe jewellery, which are brilliant artworks that are currently known and…

Read More

Carbon-free Lagos: Sanwo-Olu, experts want action over rising in urban population

Carbon-free Lagos was showcase in the city last week

…Emphasise Carbon-free Lagos by 2050. Governor Bababjide Samwo-Olu of Lagos State and environmental experts, yesterday, said there was a need to mitigate carbon dioxide emissions and other environmental challenges, as the urban population is estimated to reach 70 per cent, from the present 55 per cent, by the year 2050. Sanwo-Olu, represented by Secretary to the State Government, Mrs Folasade Jaji, said this at the event to commemorate World Habitat Day, 2021, organised by the state’s Ministry of Physical Planning and Urban Development, held at Alausa, Ikeja, in Lagos. Speaking…

Read More

Nigeria Can’t Achieve Sustainable Agric Development Under Insecurity – Don

agric in nigeria and food security

The former Vice-Chancellor of the Federal University of Technology, Owerri (FUTO) Prof Jude Njoku has contended that the rising insecurity in the country will not allow Nigeria to achieve its quest for sustainable agricultural development. Presenting a public lecture organized by the Faculty of Agriculture, University of Nigeria, Nsukka (UNN), Njoku bemoaned the spate at which investment in agriculture is jeopardized due to insecurity.  According to him, the impact of insecurity on the agricultural sector has resulted in a decline in crop and livestock output and to an overall decrease…

Read More

Anambra mobile technology health insurance launched

people of the state who are to benefit from Anambra mobile technology health insurance

Anambra State Governor Chief Willie Obiano has launched the first Mobile Technology Health Insurance Platform (MTHIP) and Data Operations Centre (DOC) in Nigeria with funding from European Union and technical support from the World Health Organization. Speaking during the event on 11 September 2021 in Awka, the Governor underscored his firm decision to leave a legacy of health reforms in the State to reduce poverty among the people especially the poor and vulnerable while providing financial risk protection on health. He was glad to demonstrate the impact such political will…

Read More

UN World Food Programme, firms partner at Nigeria Zero Hunger Roundtable

un wfp zero hunger project in Nigeria winners emerge

Guinness Nigeria Plc., along with four other multinational organisations partnered with the United Nations World Food Programme at the launch of the Nigeria Zero Hunger Roundtable. The Nigeria Zero Hunger Roundtable is a multi-sector forum aimed at collectively addressing food challenges as part of the UN’s global mandate to achieve Zero Hunger by the year 2030. The initiative which aims to bring an end to hunger will help to support and contribute to Nigeria’s own efforts at achieving Sustainable Development Goal (SDG). The launch is a culmination of several weeks…

Read More

Doing Business: World Bank discontinues reports after irregularities found

World bank president talking about doing business discontinuation

World Bank Group has decided to discontinue ‘Doing Business’ reports that used to assess investment climate in countries after data irregularities were found in 2018 and 2020, reported news agency Reuters. In August 2020, World Bank paused the publication of Doing Business reports following a number of irregularities were reported regarding changes to the data. The international financial institution later confirmed that the changes were inconsistent with the Doing Business methodology. The World Bank has now said in a statement that a new approach will be worked out to assess…

Read More