News
DevEast and Partners Envision the Eastern Nigeria Economic Corridor
DevEast – a Non-profit Economic advocacy Foundation and its partners have embarked on a long-term project to champion the economic development of Eastern Nigeria.
On the March,12, 2021, the development partners will converge experts across the South-South/South-East to discuss the Eastern Nigeria Economic Corridor, the foremost economic block in Nigeria.
The Workshop is themed 2021 Eastern Nigeria Economic Outlook: Envisioning a New Economic Corridor. The Event according to organizers will be held in partnership with several Economic actors including chambers of commerce, professional groups in the former Eastern Region and will feature professionals across several fields but especially key focus areas including Oil and gas, Critical Infrastructure including transport and logistics, telecommunication, shipping, Manufacturing, Human Services.
Speaking about the Event, Collins Onuegbu, founder of DevEast said, “there are 11 states in the South East and South South regions of Nigeria. As an economic unit, this block has a GDP of
$111B – creating an Economic Corridor that is one of the biggest in Africa. This corridor also hosts the Oil/Gas industry that has been the mainstay of the Nigerian Economy for the past 50years. Its Population of about 75million makes it the 5th Largest populated country in Africa after Nigeria, Ethiopia, Egypt, and DRC.”
Continuing, he said, “Its small landmass means that there are 75million people in an urbanized small landmass that are connected. There are at least 10 midsize cities in the block and tens of tertiary cities, creating a connected block that is reachable by road in about 3hrs end to end. Its connection to the Atlantic Ocean makes it easy for the development of an integrated transportation system that includes roads, ports, rivers, and airports, both local and international.
By 2050, this corridor will be the most developed and integrated block in Nigeria and Africa. Its Development is important for Nigeria. We want to present this opportunity to the regional investors, Nigerians, and international investors to be part of the future of the economic corridor.
News
Legit.ng, Shade of Life Foundation Partner to Advance Autism Awareness in Nigeria
Legit.ng recently joined forces with the Shade of Life Foundation to become a voice of autism, and drive advocacy for improved media support during Autism Awareness Month.
Conversations around media support exploration was led by Joseph Omotayo, head of Department for Human Interest Stories at Legit.ng, and Dr. Eziafakaku Nwokolo, founder and CEO of the Shade of Life Foundation,
This partnership is a response to the concerns raised by organizations like the Shade of Life Foundation about the level of support received from the media in discussing autism as a disability.
While other disabilities may receive attention, autism, with its critical developmental implications often lacks adequate representation in mainstream media.
Recognizing the importance of addressing these concerns, Legit.ng took proactive steps by integrating itself into the essence of autism awareness.
It facilitated a one-hour workshop with Dr. Nwokolo, the founder of the foundation, to deepen our understanding of autism, its various spectrums, and the language boundaries associated with it.
Other steps we took in advocating autism awareness in the media, can be seen in our attached press release.
Legit.ng believes that by amplifying the voices of autism and advocating for better media representation, we can contribute to creating a more inclusive and accepting society for all.
News
As Nigeria Struggle, Tanzania Turns off Power Plants Due to Excess Supply
While 85 per cent of Nigeria is in darkness, Tanzania, an African country has shut down five hydroelectric stations in a bid to reduce excess electricity in the national grid.
Kassim Majaliwa, prime minister, Tanzania, has said the main plant, Mwalimu Nyerere Hydroelectric Station, alone generated enough electricity to power major cities, including Dar es Salaam, the country’s commercial hub.
It is the first time Tanzania, which suffers chronic power shortages, has closed hydroelectric stations due to excess production.
“We have turned off all these stations because the demand is low and the electricity production is too much, we have no allocation now,” an official from state-run power company, Tanesco, said.
The 2,115MW Julius Nyerere Hydropower Dam is said to be almost filled with water following heavy rains that started early this year.
Meanwhile, while the country has an installed capacity of 1,938MW and the grid installed capacity of 1,899MW, Nigeria which has an installed capacity of 13,000MW is struggling to electrify 85 per cent of its electricity consumers.
News
President Tinubu Appoints Jim Ovia as Student Loan Fund Chairman
President Bola Tinubu has approved the appointment of Jim Ovia, renowned banker and businessman, as the Chairman, Board of the Nigerian Education Loan Fund.
Ovia’s appointment is contained in a State House statement titled, ‘President Tinubu appoints Jim Ovia as Chairman of the Nigerian Education Loan Fund,’ and issued on Friday by Ajuri Ngelale, special adviser to the President, Media & Publicity.
The statement noted that “Ovia is the founder of one of Nigeria’s leading banks and a respected business leader, with a surfeit of efforts and benefaction towards nurturing and empowering young Nigerians.
“He is an alumnus of Harvard Business School and holds a Master’s in Business Administration from the University of Louisiana.”
The National Student Loan Programme is a pivotal intervention that seeks to guarantee sustainable higher education and functional skill development for all Nigerian students and youths.
The Nigerian Education Loan Fund, the implementing institution of this innovation, demands excellence and Nigerians of the finest professional ilk to guide and manage.
“The President believes Mr. Ovia will bring his immense wealth of experience and professional stature to this role to advance the all-important vision of ensuring that no Nigerian student suffers a capricious end to their pursuit of higher education over a lack of funds,” the statement partly read.
Ovia’s appointment will also ensure “that Nigerian youths, irrespective of who they are, have access to higher education and skills that will make them productive members of society and core contributors to the knowledge-based global economy of this century.”
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