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President Tinubu Reaffirms Commitment to Digital Workforce at 3MTT Summit, Aiming for $1 Trillion Economy

President Tinubu Reaffirms Commitment to Digital Workforce at 3MTT Summit, Aiming for $1 Trillion Economy

At the 3 Million Technical Talent (3MTT) National Impact Summit held in Abuja, President Bola Ahmed Tinubu reiterated his administration's dedication to developing a digital workforce to drive Nigeria towards a $1 trillion economy. The summit, organized by the Minister of Communications, Innovation & Digital Economy, Dr. 'Bosun Tijani, highlighted the achievements of the 3MTT Programme, which has trained thousands of young Nigerians in digital skills since 2023. President Tinubu, represented by Senator George Akume, emphasized the importance of digital skills in achieving economic growth and job creation. The event gathered state governors, ministers, industry leaders, and development partners to discuss scaling digital skills development and fostering inclusive economic growth.
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Nigeria Approves 28 Firms for Gas Flare Capture, Targets $2 Billion Investment

Nigeria Approves 28 Firms for Gas Flare Capture, Targets $2 Billion Investment

Nigeria has granted permits to 28 companies to capture gas that is currently being flared by the oil industry. This initiative is part of Nigeria's efforts to reduce emissions and generate revenue from gas that would otherwise be wasted. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reported that there were 42 bids to capture gas flared at 49 sites in the Niger Delta region, with 14 candidates still needing to meet permit requirements. The initiative aims to capture and commercialize between 250 and 300 million standard cubic feet of gas, potentially attracting up to $2 billion in investment and creating over 100,000 jobs. The NUPRC estimates that this will eliminate approximately six million tons of carbon dioxide annually and support nearly three gigawatts of potential electricity generation capacity.
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Ogun State Launches Mosquito Net Factory to Combat Malaria

Ogun State Launches Mosquito Net Factory to Combat Malaria

A new mosquito net manufacturing facility has been inaugurated in Ogun State, Nigeria, through a collaboration between Vestergaard Sàrl and Harvestfield Industries Limited. The joint venture, named SNG Health, will produce the PermaNet Dual, a mosquito net with dual active ingredients designed to address the growing issue of insecticide resistance. The facility is expected to begin full production by April next year, with an annual capacity of 10 million nets and the creation of 600 skilled jobs. The launch event was attended by several dignitaries, including Dr. Abdu Mukhtar, National Coordinator of the President’s Value Chain Initiative, and Dr. Godwin Ntadom, Director of Public Health at the Federal Ministry of Health. The project is part of Nigeria's broader strategy to industrialize its health sector and enhance malaria control efforts.
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Mississippi Governor Announces $100 Million Investment in Economic Development and Infrastructure

Mississippi Governor Announces $100 Million Investment in Economic Development and Infrastructure

Mississippi Governor Announces $100 Million Investment in Economic Development and Infrastructure
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Ebonyi State Proposes Cement Plant to Boost Industrialization and Economic Growth

Ebonyi State Proposes Cement Plant to Boost Industrialization and Economic Growth

Ebonyi State in Nigeria is proposing the establishment of a new cement plant as part of its broader industrialization strategy. This initiative aims to capitalize on the state's abundant natural resources, such as limestone, gypsum, and clay, which are essential for cement production. The proposed plant is intended to succeed the defunct NIGERCEM and address the persistent gap between cement demand and supply in Nigeria. Despite the country's substantial installed production capacity of 65.6 million tonnes annually, actual production often falls short due to operational challenges. The new plant is expected to help bridge this gap, support infrastructure development, and contribute to reducing Nigeria's housing deficit, which is estimated at 17 million units in urban areas.
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Federal Reserve's Rate Cut Provides Limited Boost to Construction Sector

Federal Reserve's Rate Cut Provides Limited Boost to Construction Sector

Federal Reserve's Rate Cut Provides Limited Boost to Construction Sector
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Nigeria's Digital Workforce Initiative Aims to Drive Economic Growth

Nigeria's Digital Workforce Initiative Aims to Drive Economic Growth

President Bola Tinubu of Nigeria has announced a strategic initiative to build a digital workforce as part of the country's economic growth plan. Speaking at the 3MTT National Impact Summit, Tinubu emphasized the importance of digital skills in various sectors, including agriculture, healthcare, and finance. The Three Million Technical Talent (3MTT) program aims to train and place three million Nigerians in tech roles, transforming Nigeria from a technology consumer to a creator. The initiative is supported by private sector partners and aims to expand opportunities beyond major cities.
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Amazon Commits $35 Billion to AI Development in India, Aiming for Economic Growth

Amazon Commits $35 Billion to AI Development in India, Aiming for Economic Growth

Amazon Commits $35 Billion to AI Development in India, Aiming for Economic Growth
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South Dakota's Biotech Industry Expands with New Research Facilities and Collaborations

South Dakota's Biotech Industry Expands with New Research Facilities and Collaborations

South Dakota's Biotech Industry Expands with New Research Facilities and Collaborations
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Locksley Resources Engages US Firms for Desert Antimony Mine Scoping Study

Locksley Resources Engages US Firms for Desert Antimony Mine Scoping Study

Locksley Resources Engages US Firms for Desert Antimony Mine Scoping Study
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UN Tourism Launches Investment Guide for Lithuania's Expanding Tourism Sector

UN Tourism Launches Investment Guide for Lithuania's Expanding Tourism Sector

The World Tourism Organization (UN Tourism) has introduced a new publication titled 'Tourism Doing Business: Investing in Lithuania,' which highlights the country's burgeoning tourism sector and its potential for sustainable investment. The guide was presented to Guoda Burokienė, Lithuania's Vice-Minister of the Economy and Innovation, during her visit to the UN Tourism headquarters in Madrid. The publication outlines Lithuania's strategic governance, advanced digital infrastructure, and stable policy environment as key factors making it an attractive destination for investors. It identifies 14 investment projects across various niches, including wellness tourism, rural tourism, and sustainable accommodation, with a combined potential value of up to EUR 692.2 million.
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DRC Expands Mineral Beneficiation with Special Economic Zones and New Refineries

DRC Expands Mineral Beneficiation with Special Economic Zones and New Refineries

The Democratic Republic of Congo (DRC) is advancing its mineral beneficiation strategy through the establishment of Special Economic Zones (SEZs) and new refineries. This initiative aims to enhance domestic processing capacity, capture more value from mineral resources, and stimulate economic growth. The DRC has partnered with the African Development Bank to complete the Maluku pilot SEZ, which includes facilities like Saphir Ceramics and Varun Beverages, generating significant employment. Additionally, new refineries and smelters are being developed in collaboration with global mining companies, such as Ivanhoe Mines and Eurasian Resources Group, to boost copper and cobalt production.