Connect with us

General News

Aganga Emerges World Bank Chairman

Published

on

Kindly share this post

Olusegun Aganga, minister of Finance has emerged the new Chairman of the Board of World Bank and International Monetary Fund (BWIs), in Washington D.C. after a keenly contested election.
This was just as the World Bank indicated interest to carry out a comprehensive audit of the power sector in the country with a view to finding lasting solution to the power crisis.
The move was a follow-up to the recent parley between Acting President Goodluck Jonathan and top management of the world financial body during his last visit to the United States, US.
Aganga told journalists at the meeting in Washington DC that the new appointment had further demonstrated the important role Nigeria plays in the global economic front.
He said “As you are aware, Nigeria was elected as the chairman, board of the BWIs for the 2010 during the 2009 annual meeting held in Istanbul, Turkey. I am delighted to inform you that I have since assumed the responsibility of that office”.
The minister said the appointment was “a unique opportunity to serve” noting that such opportunities come once in every 20 to 30 years.
Describing the new role as a huge challenge, Aganga said he will not disappoint Nigeria and the international community that offered him the role under the current global economic recovery stage.
Meantime, a team of World Bank experts would be visiting Nigeria on May 10, 2010 for the exercise that would proffer solution to the power crisis in the country.
Addressing journalists at the World Bank/International Monetary Fund, IMF, 2010 Spring Meeting, in Washington DC, Aganga, who was joined by the Governor of Central Bank of Nigeria, Lamido Sanusi, said because the issue of power had become central to the nation’s economy, the Federal Government was determined to engage power experts in all the fronts to tackle the problem.
Aganga noted: “The meeting was very fruitful, as the bank stands ready to assist the country. The meeting resolved to have a comprehensive audit of the power sector. A World Bank mission to this effect is envisaged for May 10, 2010.”
He said that the Federal Government power committee had done its audit of the power sector, noting that what the World Bank promised to do with Nigeria was to share their understanding of the power problem.
“They also have information to share with us and that is what the May 10, 2010 meeting is going to focus on,” the minister said.
Asked what the federal government intended to do to meet the power needs of the over 140 million Nigerians, Aganga said the acting president had assured investors and power experts of creating an enabling environment, that is giving the legal framework, in the sector as well as aligning and identifying investors that will key into the energy sector infrastructure development.
He noted that since financing was not the problem militating against the improvement of the power sector in the country, the government would, this time around concentrate on execution and having a plan that “we will adhere to” as well as ensuring that there was continuity in the entire power arrangement.
Other areas the minister said the World Bank had shown interests to assist the country include ensuring a systematic engagement and consultations on issues relating to agricultural sector.
He said the bank was also supporting ongoing reforms in the banking sector and the proposed Asset Management Company; strengthening the supervisory and regulatory framework for the financial sector and support for the Small and Medium Scale Enterprises, SMEs, in the country.
The minister said the meeting with Oby Ezekwesili, World Bank Vice President, Africa region also provided the opportunity to follow up on wide range of issues discussed with the World Bank Group during the visit of Jonathan mid April.


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

Continue Reading
Advertisement
Comments

General News

LASTMA Launches 3367 Toll-Free Hotline for Emergency Response, Traffic Management

Published

on

Kindly share this post

(LASTMA) has launched a new toll-free short-code hotline, 3367, to improve emergency response, enhance traffic managemestrengthen accountability across Lagos State.

LASTMA Launches 3367 Toll-Free Hotline for Emergency Response, Traffic Management

The new platform replaces the agency’s previous long-service code and provides a simpler and more accessible channel for residents to report traffic-related incidents. The service is available at no cost to subscribers on MTN, Glo and Etisalat (T2) networks.

Motorists and other road users can use the hotline to report vehicle breakdowns, road crashes, disabled trucks, stranded tankers, traffic obstructions and other emergencies requiring immediate intervention.

The platform also allows members of the public to report the conduct and professionalism of LASTMA personnel, a move aimed at promoting transparency and accountability within the agency.

To ensure wider accessibility, callers can communicate with hotline operators in English, Yoruba or Pidgin English, helping to eliminate language barriers and encourage greater public participation.

Speaking on the initiative, Mr. Olalekan Bakare-Oki, general manager, LASTMA, described the launch as a major milestone in the agency’s efforts to build a safer, more efficient and technology-driven traffic management system.

He said the hotline reflects LASTMA’s commitment to leveraging digital solutions to tackle transportation challenges while strengthening collaboration with residents.

According to Bakare-Oki, the 3367 hotline provides Lagos residents with a direct, convenient and free channel to report incidents requiring urgent attention, noting that the growing complexity of Lagos as a major African megacity demands a proactive and technology-enabled approach to traffic management.

He assured residents that all reports received through the platform would be handled professionally and confidentially before being forwarded to the appropriate operational units for prompt action

Bakare-Oki urged the public to make effective use of the hotline to support road safety, improve accountability and contribute to a more efficient and sustainable transportation system across the state.

 


Kindly share this post
Continue Reading

General News

PalmPay Strengthens Data Protection Culture with Employee Privacy Workshop and Privacy Champions Programme

Published

on

Kindly share this post

PalmPay has reinforced its commitment to responsible data governance and customer information protection through a specialised two-day data protection workshop for employees and the launch of its internal Privacy Champions Programme, an initiative designed to strengthen awareness, accountability, and responsible data handling across the organisation.

The initiative comes at a time when data protection is increasingly critical following recent reports of recorded 281,500 compromised user accounts in the first quarter of 2026, ranking 34th among the world’s most breached countries, according to a new quarterly data breach analysis by cybersecurity firm, Surfshark.

Facilitated by the Nigeria Data Protection Commission (NDPC) and leading Data Protection Compliance Organisation (DPCO) TechHive Advisory, the two-day workshop equipped employees with practical knowledge on privacy governance and data protection obligations, incident awareness, and the role each employee plays in protecting personal data.

The initiative forms part of  PalmPay’s ongoing efforts to   advance compliance with the Nigeria Data Protection Act (NDPA) 2023. It also reflects the company’s continued investment in safeguarding customer information and fostering a culture where privacy remains everyone’s responsibility.

The Privacy Champions Programme establishes a network of employee representatives across business functions who will support awareness, promote best practices and help strengthen the organisation’s privacy culture. By integrating privacy considerations into day-to–day activities the initiative aims to further enhance accountability and reinforces customer trust.

Speaking on the initiative, Managing Director of PalmPay, Chika Nwosu, stated: “At PalmPay, protecting customer information is fundamental to maintaining the trust our customers place in us everyday, and remains central to our operations. Statistically, 10 out of 100 Nigerians have been affected by data breaches.

Hence, we have a greater responsibility to ensure that personal information is collected, processed, stored, and protected responsibly. This specialised training reflects our continued investment in strengthening internal awareness and ensuring our teams remain equipped to uphold the highest standards of data privacy and protection.”

As a digital financial services platform serving millions of users, PalmPay reaffirmed that privacy and data protection remain embedded in its operational culture, with continuous investments in data governance practices.

PalmPay also encourages customers to remain vigilant and adopt safe digital practices, including protecting account credentials, exercising caution when sharing personal information online, and reporting suspicious activities promptly. The company maintains that building a secure digital ecosystem requires a shared commitment from organisations, regulators, and users alike.


Kindly share this post
Continue Reading

General News

Tinubu appoints Adigwe to head National Health Technology, Data Analytics Office

Published

on

Kindly share this post

President Bola Tinubu has appointed Dr Obi Adigwe as the National Coordinator of the newly established National Health Technology and Data Analytics Office (NHTDAO).

Tinubu appoints Adigwe to head National Health Technology, Data Analytics Office

President Bola Tinubu

The appointment was announced in a statement issued on Friday.

The office, which will be domiciled in the Office of the Coordinating Minister of Health and Social Welfare, is expected to serve as the national coordination platform for Nigeria’s digital health system.

According to the statement, the NHTDAO will complement the work of existing health institutions by promoting coordination and interoperability across public and private healthcare systems, rather than replacing existing agencies.

It said the office would also drive the implementation of the National Digital Health Architecture approved by the National Council on Health in November 2025.

The statement said the initiative formed part of the Federal Government’s efforts to strengthen a secure, technology-driven and data-enabled healthcare system capable of improving service delivery nationwide.

Adigwe, who currently serves as the Director-General of the National Institute for Pharmaceutical Research and Development (NIPRD), has led several initiatives in science, pharmaceutical research, technology transfer and artificial intelligence.

He also coordinated major research funding initiatives, including a ¥300 million nanotechnology grant and an €18 million European Union research grant, while supporting the establishment of Africa’s first Active Pharmaceutical Ingredient (API) training facility through support from Afreximbank.

The statement said the new office would be guided by a steering committee co-chaired by the Coordinating Minister of Health and Social Welfare, Prof. Muhammad Ali Pate, and the Chairman of the Nigerian Economic Summit Group, Mr Olaniyi Yusuf.

Other members of the committee include the Minister of State for Health, Dr Iziaq Adekunle Salako; senior officials of the Federal Ministry of Health and Social Welfare; representatives of the National Information Technology Development Agency (NITDA); and heads of key health agencies, including the National Primary Health Care Development Agency (NPHCDA) and the National Health Insurance Authority (NHIA).

The committee will also include representatives of state commissioners for health from the six geopolitical zones, as well as industry and community stakeholders.

The Federal Government expressed optimism that the office would strengthen coordination across the health sector, accelerate digital transformation and improve healthcare delivery in line with the Renewed Hope Agenda.


Kindly share this post
Continue Reading

Trending