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Nigerian government’s stimulus package will avert deep economic recession – minister
Minister of State for Budget and National Planning, Prince Clem Ikanade Agba, has stated that the provision of stimulus package by the Federal Government will go a long way in preventing the country from plunging into deep economic recession. Prince Agba stated this at a virtual roundtable discussion, among state and non-state actors, international organizations and donor agencies, facilitated by the Nigeria’s secretariat of Open Government Partnership (OGP). The minister, who is a co-chair of OGP, led the discussion, which focused on ensuring an effective and inclusive stimulus as well as safety nets campaign for Nigeria as part of the response to the COVID-19 recovery. The Minister said that the roundtable discussion was aimed at improving transparency and accountability as the country r...
Google announces $10 billion ‘digitization fund’ for India
Agence France-Presse Alphabet’s Google on Monday said it will spend around $10 billion in India over the next five to seven years through equity investments and tie-ups, marking its biggest commitment to a key growth market. The investments will be done through a so-called digitization fund, highlighting Google’s focus on the rapid pace of growth of apps and software platforms in India, one of the world’s biggest internet services markets. “We’ll do this through a mix of equity investments, partnerships, and operational, infrastructure and ecosystem investments,” Sundar Pichai, CEO of Alphabet, said on a webcast during the annual “Google for India” event. “This is a reflection of our confidence in the future of India and its digital economy.” Google has already made some direct and indirec...
Former APC spokesperson empowers Kwara youths with entrepreneurship skills
Malam Lanre Issa-Onilu, former National Publicity Secretary of All Progressives Congress (APC) has facilitated a training for youths in Kwara on various entrepreneurial skills. Declaring the training open in Ilorin on Saturday, Issa-Onilu appealed to the beneficiaries to concentrate with a view to become their own bosses and train others in their respective fields. Represented by Mr Tajudeen Onilu, the sponsors said that aside the 26 youths currently undergoing training, additional 60 beneficiaries will commence their own training by next week. According to him, at the end of the induction training, beneficiaries will have their business plan written, they will be interviewed and awarded certificates, after which they will be awarded fundings to improve their businesses. He said that the f...
NiDCOM chief congratulates Benedict Oramah on his re-appointment as Afreximbank president
The Chairman/CEO, Nigerians in Diaspora Commission (NiDCOM), Mrs Abike Dabiri-Erewa, has congratulated Prof. Benedict Oramah on his re-appointment as President, African Export-Import Bank (Afreximbank) for a second term in office. The NiDCOM chair expressed the felicitations in a statement by Mr Gabriel Odu of the Media, Public Relations and Protocol Unit of the commission on Tuesday. The NiDCOM chief said that Oramah’s “enormous contributions to the growth and development of the bank and the huge successes attained during his first tenure” testified to his re-appointment. She, therefore, urged Oramah, as a Nigerian in diaspora, to woo more diaspora investors to invest in the continent particularly Nigerian diasporas and to continue on his quest to better prepare the African continent to c...
Sony announces PS5 event for June 4th
Sony is officially confirming its next PlayStation 5 event will be held on Thursday, June 4th. The event will begin at 4PM ET / 1PM PT, and Sony is promising “a look at the future of gaming on PlayStation 5.” It will run for “a bit more than an hour,” and feature “a first look at the games you’ll be playing after PlayStation 5 launches this holiday,” according to Jim Ryan, president and CEO of Sony Interactive Entertainment. “The games coming to PS5 represent the best in the industry from innovative studios that span the globe. Studios, both larger and smaller, those newer and those more established, all have been hard at work developing games that will showcase the potential of the hardware,” says Ryan. “This digital showcase will run for a bit more than an hour and, for the first time, w...
UN encourages Africa to invest on digital transformation
The UN Economic Commission for Africa (UNECA) has encouraged African countries to make right investments toward developing a digitally transformed economy. Mr Jean-Paul Adam, Director, Technology, Climate Change and Natural Resources at UNECA, made the call on Tuesday during a webinar monitored in Abuja. The webinar was organised by Africa Information and Communication Technology Alliance (AfICTA) in collaboration with UNECA with the theme “Unlocking Africa’s Digital Potential Amid COVID-19”. Adam said that the emergence of COVID-19 pandemic had caused a disruption in activities, hence the need for a paradigm shift. “Africa needs to address issues that have limited their digital growth. There are issues of gender imbalance, speed of bandwidth, poor internet access. “When we get some of the...
Marketers call for appropriate legislation on fuel subsidy removal
AHA Taxis Marketers are calling for appropriate legislation that will enforce the new fuel subsidy removal policy of the Federal Government. Speaking during a webinar on the downstream sector at the weekend, the Managing Director of 11 Plc, and Chairman of Major Oil Marketers Association of Nigeria (MOMAN), Adetunji Oyebanji, stated that there are some misconceptions that government has given permission to marketers to import premium motor spirit (PMS) otherwise called petrol. “There was never a time government stopped marketers from importing. It was the economics of it that made marketers stopped because it didn’t make sense to import products at a price that is higher than the government fixed price for the product at the pump. Gradually, all the players involved in importation stopped,...
House of Reps urges speedy production of local coronavirus vaccines in Nigeria
The House of Representatives has stressed the need for speedy production of local vaccines for the treatment of COVID-19 in Nigeria. The House also mandated its standing Committees on Healthcare Services, Health Institutions and Aids, Tuberculosis and Malaria to invite the Hon. Minister, Federal Ministry of Health, the Executive Director/CEO, National Primary Health Care Development Agency, the Director General, Nigeria Centre for Disease Control and the Executive Director, May and Baker Nigeria PLC to brief the Committees and deliberate on possible ways of getting the needed legislative support to fast track the production of vaccines in Nigeria and report back within four (4) weeks for further legislative action The resolutioms followed the adoption of a motion on notice, moved by Rep. J...
Facebook chief ‘worried’ about China’s influence on internet regulation
Agence France-Presse Facebook CEO Mark Zuckerberg said Monday he is “worried” that other countries may be trying to imitate China’s approach to regulating the internet. “Just to be blunt about it, I think there is a model coming out of countries like China that tend to have very different values than Western countries that are more democratic,” Zuckerberg said during an hourlong video conversation Monday with European Union Industry Commissioner Thierry Breton. The Facebook CEO added that it was up to Western democratic countries to have a clear framework for data privacy. “We have a joint responsibility to help develop this,” he said. It was the latest instance of Zuckerberg citing the risks of a Chinese model of the internet spreading around the world. He made similar comments last year,...
Ex-QPR Star Taraabt Backs Eze To Lead Club To Premier League
Former Queens Park Rangers star Adel Taraabt says he hopes England-born Nigerian midfielder Eberechi Eze will lead the London club back to the Premier League. Eze has been impressive for Queens Park Rangers this season which has seen him been linked with a host of Premier League sides. The 21-year-old has scored 12 goals made eight assists in 39 games in all competitions so far this season for Mark Warburton side. And the 30-year-old Moroccan international, who now plays for Benfica in the Portuguese top flight urged Eze not to lose focus. “I watch him and think he has big potential,” Taarabt told the club website. “I enjoy watching him – he’s physically strong, has a good touch, can score goals. I see him and hope he will one day take QPR to the Premier League – I think he has that abilit...
Pfizer, BioNTech dose U.S first participants of trial coronavirus vaccine
Pfizer Inc. and BioNTech SE announced on Wednesday, May 6, 2020, that the first participants have been dosed in the U.S in the Phase 1/2 clinical trial for the BNT162 vaccine program to prevent COVID-19. The trial is part of a global development program, and the dosing of the first cohort in Germany was completed last week. The Phase 1/2 study is designed to determine the safety, immunogenicity and optimal dose level of four mRNA vaccine candidates evaluated in a single, continuous study. The dose level escalation portion (Stage 1) of the Phase 1/2 trial in the U.S will enrol up to 360 healthy subjects into two age cohorts (18-55 and 65-85 years of age). The first subjects immunized in Stage 1 of the study will be healthy adults 18-55 years of age. Older adults will only be immunized with ...
Louis van Gaal blames Ed Woodward for Manchester United sacking
Getty Images Louis van Gaal blames Manchester United executive vice-chairman Ed Woodward for his departure from the club in 2016, describing him as “the evil genius” behind his sacking. The Dutch head coach replaced David Moyes at Old Trafford in 2014 but lasted just two years in the job despite winning the FA Cup in his final game in charge. After guiding United to fourth place in the Premier League in his first season, Van Gaal saw his side slip down to fifth the following campaign as he failed to convince the club that he could turn their fortunes around. Jose Mourinho was named as Van Gaal’s successor just days after he was sacked and the Dutchman has stressed that he blames Woodward and not the Portuguese for his departure. “I blame Ed Woodward, my CEO at Manchester United, much more ...
