Connect with us

News

National Economic Council Endorses $617m Digital Enterprises Programme

Published

on

Kindly share this post

National Economic Council (NEC) has endorsed the implementation of the $617.7 million Investment in Digital and Creative Enterprises (i-DICE) programme in the 36 states of the federation and the Federal Capital Territory (FCT.)

National Economic Council Endorses $617m Digital Enterprises Programme

Dr. Bosun Tijani, minister of Communications, Innovation, and Digital Economy,

This was part of the resolutions reached at the 140th meeting of the Council held virtually on Thursday and chaired by Vice President Kashim Shettima.

The Vice President declared the firm resolves of the renewed hope administration of President Bola Ahmed Tinubu to leave a legacy of prosperity and opportunity for all Nigerians.

Vice President Shettima told State Governors to nominate persons to represent each geo-political zone at the zonal level and focal persons to lead the implementation of the programme in their respective States.

He assured that as the scheme becomes operational in the coming weeks, implementation across the country will be diligent, committed and forthright.

VP Shettima assured that the administration will not rest on its oars until the citizens begin to bask in the opportunities they were promised, noting that it is the reason why the government is prioritizing skill acquisition and job creation.

He specifically noted that prioritizing whatever offers Nigerians a means to earn a living with dignity are part of President Tinubu’s eight-point agenda.

He said, “But two things are clear: one, we won’t ever regret paving the way for the acquisition of skills that meet the needs of the global markets; two, our actions today will shape the economic landscape of tomorrow, and so it’s incumbent upon us to ensure that we leave a legacy of prosperity and opportunity for all Nigerians.

“When we empower entrepreneurs and small business owners, we unlock the potential for innovation, job creation, and economic growth. By providing access to financing, training, and mentorship programs, we unleash the entrepreneurial spirit that lies within every Nigerian, catalyzing a wave of economic prosperity that benefits us all. We cannot achieve this without inclusivity and equitable access to opportunities. This is the ladder we must offer to every disadvantaged citizen.”

The Vice President noted that the government has “moved beyond mere deliberations to the implementation phase” and it is actively pursuing its “short-term goals en route to achieving our medium-term and long-term strategies.”

The Vice President observed however that despite the interventions made so far to prevent natural disasters, “to combat crude oil theft in the Niger Delta, to alleviate the short-term inflationary impacts of our economic-saving decisions, to mitigate environmental damage, and to curb revenue loss”, the efforts would be useless to the citizens unless “job creation and skill development at every corner of the nation” are prioritised.

Noting that it is not the best of times to be in office, Shettima implored the Governors and other council members to remain constant in executing initiatives that will help to wriggle the citizens out of their present condition.

“This is a delicate period to occupy offices like ours. We cannot remind ourselves enough that we have come at a time that tests the depth of our leadership and demands our most rational wisdom to make a difference.

“Your Excellencies, distinguished ladies and gentlemen, we must remain consistent in implementing the initiatives that alleviate the suffering of our citizens and be accountable in doing so. We must also ensure that interventions we deploy are non-discriminatory and favour all stakeholders, with no part of our communities or nation left lagging,” he stated.

In his presentation on the i-DICE programme, Mr. Shekarau Omar, executive director in charge of SMES at the Bank of Industry, said the i-DICE programme, a special intervention by government, aims to deliver on the promise by the Tinubu-led administration to create millions of jobs in the technology space.

He listed African Development Bank (AfDB), the French Development Agency (AFD) and the Islamic Development Bank (IsDB) among organisations that will fund the programme, giving a breakdown of how the funds will be sourced as follows: AfDB, $170million; IsDB, $70 million; AFD, $116 million; Bank of Industry (BoI) on behalf of federal government of Nigeria (FGN), $45.50 million; Fund Manager (For Equity Fund only), $8.70 million, and private investors, $205 million.


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.

News

UK Appoints Mark Smithson New Country Director to Lead UK-Nigeria Trade and Investment Relations

Published

on

Kindly share this post

UK has appointed Mr. Mark Smithson the Country Director for the UK’s Department for Business and Trade (DBT) in Nigeria. He takes over from Chim Chalemera who recently concluded a 3-year posting in that role.

Mark Smithson, UK’s Country Director, Department for Business and Trade (DBT)

Mark is an experienced civil servant having undertaken a wide variety of roles both in the UK and overseas. In this new role, he will lead on the UK-Nigeria’s trade and investment relations to deliver an increased high value inward investment and greater exports into the UK and Nigeria as well as support market access and trade policy priorities.

To mark his arrival to Nigeria, Mark said: “Nigeria is a country of huge importance to the UK and the world. Our historical, cultural, people to people and business ties are deep and ever growing.

“I am delighted to take up this new role as the DBT’s country director and I look forward to forging partnerships with the Nigerian government, the private sector and the UK supply chain and to seize the opportunities this great country and our unique partnership offer to deliver a more prosperous future to both our countries.”

Prior to Mark’s arrival to Nigeria, he was based in London (2021-2024) where he led the DBT’s Capital Investment agenda first covering European and US large corporates and since September 2022 as His Majesties Government’s global account manager for large institutional investors from Southeast Asia with a focus on Singapore, Malaysia and Thailand.

Mark headed up the Consular Section at the British Consulate General in Barcelona, Spain, between 2007 and 2013. During his time in Spain, Mark dealt with many high-profile consular cases and sporting events.

In 2013 he transferred to the US to head up of Consular services covering Florida, US Virgin Islands and Puerto Rico from the British Consulate General in Miami where Mark oversaw an extensive outreach programme with US government agencies and dealt with several crisis including deployments as Rapid Deployment Team leader.

He transferred to Atlanta, USA in 2017, to lead on the UK’s Tech & creative Trade and Investment agenda covering the southeast of the USA before transferring to Bangkok in 2018 where he served till 2021 to lead the team in Thailand to drive forward an increase in exports and investment and lay the ground for the UK-Thailand Joint Economic and Trade Committee (JETCO).

Mark is married to Patima who is Thai, and they have a 3-year-old toddler.


Kindly share this post
Continue Reading

News

President Tinubu asks National Assembly to increase 2024 budget by N6.2trn

Published

on

Kindly share this post

President Bola Tinubu has requested the National Assembly to consider a N6.2 trillion increase in the 2024 appropriation act.

The President expressed his request in a letter that was read aloud by Senate President Godswill Akpabio during its plenary session on Wednesday, July 17.

This adjustment raises the 2024 budget to N34.9 trillion, up from the original N28.7 trillion budget that Tinubu approved on January 1st.

Tinubu is advocating for a budget revision that allocates N3.2 trillion for infrastructure initiatives and N3 trillion for ongoing expenses.

The president said; “Pursuant to section 58 (2) of the constitution of the federal republic of Nigeria as amended, I forward herewith the above named bills for consideration and passage by the senate,

“The appropriation act amendment bill seeks to amend the principal act to provide the sum of N3,200,000,000,000 for Renewed Hope Infrastructure Projects and other critical infrastructure projects to be undertaken across the country and the sum of N3,000,000,000,000 to meet further recurrent expenditure requirements necessary for the prosper operation of the federal government.

“They shall be funded by accruing to the federal government of Nigeria.

“Furthermore, the proposed amendments to the Finance Acts 2023 are required to a one-time windfall tax on the foreign exchange gains realised by banks in their 2023 financial statements to fund capital infrastructure development, education, and healthcare as well as welfare initiatives all which are components of the Renewed Hope Agenda,”


Kindly share this post
Continue Reading

News

President Tinubu appoints Walson-Jack as new Head of Service

Published

on

Kindly share this post

President Bola Tinubu has approved the appointment of Didi Esther Walson-Jack as Head of the Civil Service of the Federation.

Mrs. Walson-Jack

The appointment was disclosed in a statement released by Presidential spokesman Ajuri Ngelale on Wednesday July 17, and will take effect from August 14, 2024.

“Mrs. Walson-Jack was appointed Federal Permanent Secretary in 2017 and has served in several Ministries.

“The new appointee will take over from the incumbent Head of the Civil Service of the Federation, Dr Folasade Yemi-Esan, CFR, who is due to retire on August 13, 2024,” Ngelale said in a statement.

President Tinubu, who thanked the outgoing Head of Service for her stewardship, tasked the incoming Head of Service to discharge her duties with innovative flair, integrity, and stringent adherence to the extant rules and regulations of the Civil Service of the Federation.


Kindly share this post
Continue Reading

Trending