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World Bank sees Nigeria growth averaging 4.4% through 2028

World Bank sees Nigeria growth averaging 4.4% through 2028

By Camillus Eboh ABUJA, Oct 8 (Reuters) - Nigeria's economy is expected to grow by an average of 4.4% a year through 2028, with inflation and poverty declining if the government sustains reforms and improves service delivery, the World Bank said on Thursday.
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Federal Government of Nigeria Commits N1.5 Trillion to Highway Project in Niger State

Federal Government of Nigeria Commits N1.5 Trillion to Highway Project in Niger State

Federal Government of Nigeria Commits N1.5 Trillion to Highway Project in Niger State
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DLM Capital Group Expands International Footprint with Offices in London and New York

DLM Capital Group Expands International Footprint with Offices in London and New York

DLM Capital Group Expands International Footprint with Offices in London and New York
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International Trade Centre Seeks Administrative Assistant for Africa Trade Competitiveness Program in Nigeria

International Trade Centre Seeks Administrative Assistant for Africa Trade Competitiveness Program in Nigeria

The International Trade Centre (ITC) is recruiting an Administrative Assistant (LICA 5) in Abuja, Nigeria, for its Africa Trade Competitiveness and Market Access Programme (ATCMA). This four-year umbrella program, funded by the European Union and jointly implemented by the ITC and the United Nations Industrial Development Organization (UNIDO), aims to significantly boost intra-African trade and trade between Africa and the EU. The program focuses on improving market access for specific value chains and enhancing the export competitiveness of small and medium-sized enterprises (SMEs) within these sectors. Key objectives include reducing trade barriers, strengthening compliance with quality standards, and promoting value addition and export diversification. A particular emphasis is placed on supporting women- and youth-led businesses to foster economic inclusion and sustainable business practices. The Administrative Assistant will provide crucial support in coordinating administrative processes for the ATCMA...
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Congressman Griffith Celebrates $89.7 Million DOT Loan for I-81 Improvements in Virginia

Congressman Griffith Celebrates $89.7 Million DOT Loan for I-81 Improvements in Virginia

U.S. Congressman Morgan Griffith (R-VA) has expressed his support for an $89.7 million loan from the U.S. Department of Transportation (DOT) to the Virginia Commonwealth Transportation Board. This funding is designated for capacity and safety improvements on Interstate 81 (I-81) within Virginia. The planned projects include the addition of dedicated truck climbing lanes, the extension of exit ramps, and the replacement of aging bridges. Congressman Griffith highlighted that these improvements are crucial for reducing traffic congestion and decreasing the number of accidents on the major U.S. highway. His endorsement follows his previous actions to support transportation safety, including signing a letter in favor of Virginia Tech research projects focused on enhancing local road safety measures. The loan aims to address long-standing issues faced by commuters and commercial traffic on I-81.
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Mexico Faces Significant Credit Gap Hindering Economic Growth

Mexico Faces Significant Credit Gap Hindering Economic Growth

Mexico Faces Significant Credit Gap Hindering Economic Growth
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New $78 Million Initiative Launched to Restore Land and Improve Livelihoods Across Great Green Wall Countries

New $78 Million Initiative Launched to Restore Land and Improve Livelihoods Across Great Green Wall Countries

A new $78 million program has been launched to restore 270,000 hectares of degraded land and improve the livelihoods of five million people across nine countries of the Great Green Wall. This initiative, supported by funding from the Global Environment Facility (GEF) and implementation assistance from the UN Environment Programme (UNEP), aims to regenerate one of the world's most climate-vulnerable regions. The participating countries span from the Sahel to the Horn of Africa and include Burkina Faso, Chad, Ethiopia, The Gambia, Mali, Mauritania, Niger, Nigeria, and Senegal. UNEP will oversee eight of the ten projects, with the West African Development Bank (BOAD) implementing the remaining two. The program, named 'Transformation Approach to Large Scale Investment in Support of the Implementation of the Great Green Wall Initiative,' addresses interconnected challenges such as environmental stress, food insecurity, and conflict, which have displaced over 4 million people in the region.
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Oxfam Report Reveals Asian Governments Underfund Public Services, Exacerbating Inequality

Oxfam Report Reveals Asian Governments Underfund Public Services, Exacerbating Inequality

A new report by Oxfam highlights that Asian governments are significantly underfunding public services, leading to increased inequality across the region. The report, titled 'Rigged from Birth: How Inequality Steals Futures in Asia & Five Public Services,' examines spending on healthcare, education, social protection, care services, and digital access. It found that Asian governments spend an average of 9.4% of GDP on social protection, which is less than half the global average of 19.3%. Public education spending stands at 2.9% of GDP, falling below the international benchmark of 4-6%. In many debt-distressed economies in the region, governments allocate between seven and 25 times more to debt servicing than to social protection. This underfunding forces households to bear a substantial portion of costs, with nearly 38% of health costs paid out-of-pocket, almost double the average in OECD countries. The report cites examples like Bangladesh, where public healthcare spending is less than 1% of GDP, and hou...
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Nigeria Lifts Border Restrictions with Niger, Implements Digital Landing Card for International Travelers

Nigeria Lifts Border Restrictions with Niger, Implements Digital Landing Card for International Travelers

Nigeria has announced the lifting of border restrictions with Niger, which were previously in place. Concurrently, Nigerian authorities are introducing a new requirement for all international travelers to complete a digital Landing Card before entering the country. This measure, effective from May 1st, is part of a broader effort to enhance national security and streamline immigration procedures. The digital Landing Card aims to expedite the entry process for visitors. This development follows the reopening of the Mfum and Ikom border crossings with Cameroon, indicating a trend towards easing certain border controls while simultaneously strengthening entry protocols through digital means. The Economic Community of West African States (ECOWAS) will continue to allow nationals from countries like Burkina Faso, Mali, and Niger, which formally left ECOWAS, to enjoy visa-free travel privileges within the bloc.
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World Dairy Expo and Alliant Energy Center Announce $200 Million Redevelopment Project in Madison, Wisconsin

World Dairy Expo and Alliant Energy Center Announce $200 Million Redevelopment Project in Madison, Wisconsin

World Dairy Expo and Alliant Energy Center Announce $200 Million Redevelopment Project in Madison, Wisconsin
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Federal Government of Nigeria Moves to Strengthen Judiciary and Promote Alternative Dispute Resolution

Federal Government of Nigeria Moves to Strengthen Judiciary and Promote Alternative Dispute Resolution

The Federal Government of Nigeria is actively working to reinforce its judiciary and encourage the adoption of Alternative Dispute Resolution (ADR) mechanisms to enhance access to justice. This initiative was announced by the Minister of Information and National Orientation, Mohammed Idris, during a visit from the Chairman of the Nigerian Institute of Chartered Arbitrators (NICArb), Dapo Akinosun, SAN. President Bola Tinubu's administration is committed to strengthening the judiciary through increased support, improved infrastructure, legislative reforms, and better welfare for judicial officers. The growing caseload in traditional courts has highlighted the necessity of educating the public on alternative methods for resolving disputes. The Ministry of Information and National Orientation is prepared to collaborate with NICArb on public education and strategic communication efforts to help Nigerians understand arbitration and other ADR mechanisms. Akinosun emphasized that arbitration provides a credible a...
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National Defence College Partners with NSSF to Enhance Military Marksmanship Skills Amidst Insurgency

National Defence College Partners with NSSF to Enhance Military Marksmanship Skills Amidst Insurgency

The National Defence College (NDC) in Nigeria is strengthening its partnership with the Nigeria Shooting Sports Federation (NSSF) to improve the marksmanship skills and combat readiness of military personnel. Rear Admiral Abdullahi Ahmed, Commandant of the NDC, emphasized that shooting should be viewed as a crucial military skill, not merely a sport, especially given the ongoing counter-insurgency operations and other security challenges like banditry, armed robbery, and kidnapping across the country. The collaboration includes the virtual and product launch of the National Integrated Shooting Sport Platform (NISSP) by the NSSF in Abuja. This initiative aims to provide a structured platform for military and paramilitary personnel, as well as other shooting enthusiasts, to maintain and enhance their shooting proficiency. The Second Vice President of the NSSF, Aliyu Abubakar Sadiq, stated that the digital portal will harmonize military and paramilitary shooting agencies, fostering regular competitions and sk...