Tony Elumelu Foundation, TEF 2021 Application Opens

Tony Elumelu Foundation 2021 APPLICATION

Tony Elumelu Foundation, TEF 2021 Application Opens The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to empowering African entrepreneurs, opens applications on its TEFConnect digital platform (www.tefconnect.com) today, January 1, 2021. This year’s intervention prioritises the economic recovery of small and medium scale enterprises (SMEs) and young African entrepreneurs, following the Covid-19 disruption to economic activities. To address the unique challenges arising from the pandemic, lift millions out of poverty and create sustainable employment across the continent, the Foundation’s Entrepreneurship Programme will empower 1,000 young African entrepreneurs, selected from…

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NNPC says no cause for alarm over gas pipeline rupture

Lagos-Ibadan-expressway-gas-pipeline-rupture happens Wednesday morning

The Nigerian National Petroleum Corporation (NNPC) has assured of safety around the scene of a gas pipeline rupture along the Lagos-Ibadan Expressway. A press release by the NNPC spokesperson, Dr Kennie Obateru, stated that the gas pipeline rupture which was caused by a construction company carrying out excavation work in the area resulted in gas leakage which was promptly contained through the efforts of NNPC Team, officials from the Lagos State Government, and other stakeholders.  “The impacted section of the pipeline has been isolated and the pipeline depressurized such that…

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Nigeria: Association of Sustainability Professionals Inaugurated

Association of Sustainability Professionals of Nigeria logo

The Association of Sustainability Professionals of Nigeria (ASPN) has been inaugurated. Speaking during the virtual inauguration with the theme: ‘Professionalising Sustainability for Inclusive Development’ recently, the President, ASPN, Prof. Kenneth Amaeshi, said the ceremony was a milestone moment while commending the tremendous work of the Board of Trustees (BoT) and directorate members. He stated that the event and the association have been a collective effort by committed and resilient sustainability professionals in Nigeria. Amaeshi, further explained that the thinking behind the association has been over a decade and it was…

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Nigeria government rejects Ecological Fund bill

Boss Mustapha speaking against proposed ecological fund bill

The Presidency has expressed its opposition to a bill in the House of Representatives seeking to regulate the Ecological Fund. The Secretary to the Government of the Federation, Boss Mustapha, especially stated that the proposed law would either clash with or duplicate the existing ones. Mustapha warned that the bill if passed into law, would take away from powers the President presently has over the Ecological Fund Office and the funds under it. The House Committee on Ecological Fund had on Wednesday held a public hearing on ‘A Bill for…

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Scarcity: NNPC has 2bn litres of petrol in stock – Kyari

mele kyari on, opec+ downstream deregulation litres of petrol

The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has assured motorists of ample availability of Premium Motor Spirit (PMS) revealing that the Corporation has not less than two billion litres of petrol in its strategic depots across the country. In a press release by the corporation’s Group General Manager, Group Public Affairs Division, Dr Kennie Obateru, the GMD attributed the emergence of queues in some petrol stations across the country to the disruption of the free flow of vehicular movement occasioned by curfews and…

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Oil demand decline to persist – World Bank

world bank to support oil demand decline

Measuring sectoral impacts of COVID-19 pandemic continue to suggest that oil demand decline will persist through 2021. While metal and agricultural commodities recouped their losses from the COVID-19 pandemic and expected to make modest gains in 2021, energy prices, despite some recovery still stabilize below pre-pandemic levels next year, the World Bank said Thursday. Oil prices Oil prices fell dramatically in the early stages of COVID-19. And they have only partially regained pre-pandemic price levels. The World Bank’s semi-annual Commodity Markets Outlook report revealed this. The prediction for oil prices…

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FG flags-off N140b grant for rural women

All you need to know about Presidential Fertiliser Initiative

FG has kicked-off a N140b grant that will see over 700,000 rural women benefitting N20,000 each. The Federal Government of Nigeria has commenced the Special Grant Project for Rural Women which will see that over 700,000 women receive grants of N20,000 each to make them financially empowered members of the society. This was disclosed by the Honourable Minister of Humanitarian Affairs, Disaster Management and Social Development, Ms. Sadiya Umar Faroq, through her verified Twitter handle. Miss Sadiya revealed that the special grant project kicked off in Jos, Plateau State on Thursday,…

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World Bank to support Nigeria’s essential sectors

world bank to support oil demand decline

World Bank to support the Nigerian government to strengthen the health and education sectors. The President, World Bank Group, David Malpass, said this during a press briefing at the 2020 annual general meeting on Thursday. Pointedly, the World Bank support for the country in the cause of the pandemic continue to reduce public fiscal constraint He said: “For Nigeria, the vital steps are to strengthen the health system and the education system, and we try to work in those areas. “Also, the governance system and transparency are vital in order…

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World Bank Approves $12bn for COVID-19 Vaccines

Gates Foundation on covid-19 vaccine on the display in a lab for distribution

The World Bank’s Board of Executive Directors today approved an envelope of $12 billion for developing countries to finance the purchase and distribution of COVID-19 vaccines, tests, and treatments for their citizens. The financing, which aims to support vaccination of up to a billion people, is part of an overall World Bank Group (WBG) package of up to $160 billion through June 2021 to help developing countries fight the COVID-19 pandemic. It adds new financing to the World Bank’s COVID-19 emergency response programs that are already reaching 111 countries. This…

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IITA, Cassava Growers sign MoU to improve Seed Varieties

iita relating with cassava growers group in their farms

The International Institute of Tropical Agriculture (IITA) has signed a pact with the Nigeria Cassava Growers Association (NCGA) for the second phase of the Building of Economically Sustainable and Integrated Cassava Seed System (BASICS-II) project, AgroNigeria reports. The move will improve cassava seed varieties and will birth a new role for cassava seed producers and root farmers in Nigeria, IITA said. Director-General of the Institute, Nteranya Sanginga, was represented by the officer in charge of IITA Abuja, Gbassey Tarawali, during the signing. According to him, the project will provide an…

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