Connect with us

National News

$618 MILLION I-DICE PROGRAMME TO PROMOTE DIGITAL TECHNOLOGY AND CREATIVE INDUSTRIES LAUNCHED

Published

on

$618 MILLION I-DICE PROGRAMME TO PROMOTE DIGITAL TECHNOLOGY AND CREATIVE INDUSTRIES LAUNCHED

By: Michael Mike

 A $618 million Investment in Digital & Creative Enterprises (I-DICE) Programme has been launched for the promotion of digital technology and creative industries in the country.

The Programme, according to a statement on Wednesday by the French Embassy was an initiative from the Federal Government of Nigeria and aimed at promoting entrepreneurship and innovation in the digital technology and creative industries.

According to the statement, The launching which took place on Wednesday was held at the State House in presence of the Vice-President, Prof Yemi Osinbajo, with co-financiers representatives in attendance.

The statement said I-DICE Programme is part of efforts to create jobs for young Nigerians and support the development of these fast-growing industries. It is co-financed by the African Development Bank (AfDB), French Development Agency (AFD), the Islamic Development Bank (IsDB) & the Bank of Industry (BOI) with respectively $170 million, €100 million (equivalent to $116 million), $70 million & $45 million in funding.

The statement added that the remaining financing is expected to come from the private sector and institutional investors. The funding will provide training, mentorship, and funding to young entrepreneurs and innovators in the digital technology and creative industries. The Implementing Agency, the Bank of Industry, will coordinate the day-to-day activities of the project.
 
Speaking at the launch of the program at the State House Conference Centre, Abuja, the Vice President called on African governments and the private sector to do more to support the growth of innovation in the continent.

He said: “I think it is now imperative to commence a coordinated approach towards innovation on the continent, bringing together all stakeholders to coordinate efforts at scaling up investments and building programmes that provide the right enabling environment and produce talent pipelines that support the growth of innovation on the continent.”
 
In his remarks, the President of the African Development Bank Group, Dr. Akinwumi Adesina said: “I am proud of the African Development Bank Group’s leading role in this initiative, which has the potential to generate millions of jobs for Nigeria’s youths.The urgency of leveraging the implementation of I-DICE sustainable job creation and economic transformation is now”


 
Speaking at the launch event, the French Ambassador to Nigeria, Mrs. Emmanuelle Blatmann, underscored the importance of the digital technology and creative industries to the Nigerian economy. “The digital technology and creative industries have enormous potential to create jobs and spur economic growth in Nigeria,” she said. “The I-DICE program, co-financed by AFD, AfDB, IsDB & the BOI, is designed to support the young entrepreneurs and innovators who are driving these industries forward.”The launch event brought together representatives from the Nigerian government, the private sector, as well as young entrepreneurs and innovators from the digital technology and creative industries. The event featured presentations and networking opportunities, and highlighted the opportunities and challenges facing these industries in Nigeria.
 
With a focus on enhancing access to finance for start-ups in the digital and creative industry and job creation, the I-DICE Programme is poised to make is a significant impact on the lives of young Nigerians, helping to create sustainable employment opportunities and contributing to the development of the country’s economy. The commitment of the co-financiers to supporting this initiative underscores their recognition of the importance of these sectors in driving economic growth and development in Nigeria, the statement said.

$618 MILLION I-DICE PROGRAMME TO PROMOTE DIGITAL TECHNOLOGY AND CREATIVE INDUSTRIES LAUNCHED

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

National News

ActionAid Nigeria Condemns the Abduction and Arrests of Peaceful Protesters on Democracy Day

Published

on

ActionAid Nigeria Condemns the Abduction and Arrests of Peaceful Protesters on Democracy Day

By: Michael Mike

ActionAid Nigeria, a local Non Governmental Organisation (NGO) affiliated with ActionAid International, a global federation of social justice groups with a presence in over 70 countries, has condemned the clampdown by security operatives on peaceful demonstrations by some Nigerians on Democracy Day.

A statement on Wednesday by the Country Representative of ActionAid Nigeria, Andrew Mamedu read: “We witnessed a disturbing crackdown on peaceful pro-democracy activists. In Lagos, one of the leaders, Juwon Sanyaolu, was forcefully abducted by suspected Department of State Security (DSS) operatives, and his whereabouts remain unknown.

“In Abuja, students and activists from Activista who went out to advocate for good governance were also arrested in Gwagwalada and are currently placed in detention.

“We condemn this blatant suppression of constitutional and democratic rights, and demand:

  • The immediate release of Juwon Sanyaolu and all arrested activists
  • An end to the repression of peaceful protests and respect for our constitutional rights
  • An investigation into the abduction and arrests, and accountability for those responsible.”

Mamedu said: “President Tinubu’s speech today highlights the importance of democratic values, human rights, and the protection of freedom of expression and assembly. Yet, his government’s actions contradict these principles. We urge the President to practice what he preaches and ensure our rights are respected.

“The Nigerian Community of Activists for Good Governance which ActionAid Nigeria is part of will not be silenced. We will continue to demand justice, equality, and democracy for all Nigerians. The true meaning of this Democracy Day is not just to celebrate the past but to commit to a better future. We will hold the government accountable for their actions and ensure that democracy is not just a historical fact but a living, breathing reality.

“We remember the sacrifices of pro-democracy activists, including our current president, President Bola Ahmed Tinubu, who fought for our democratic rights, and we will continue to honour their legacy by standing up against oppression. We will not be deterred by intimidation and violence but will persist in our struggle for a better Nigeria.

“We call on all Nigerians to join us in demanding an end to the crackdown on peaceful protests and the immediate release of all arrested Activista members. Together, we can build a Nigeria where democracy is not just a celebration but a way of life.”

ActionAid Nigeria Condemns the Abduction and Arrests of Peaceful Protesters on Democracy Day

Continue Reading

National News

How Zulum demonstrates rare leadership in Borno

Published

on

How Zulum demonstrates rare leadership in Borno

By: Yusuf Adamu

Borno state governor, Professor Babagana Umara Zulum, has again demonstrated an unequal leadership prowess in the governance of the state by transmitting power to his deputy, Hon. Usman Kadadur. Such a move by the governor since coming to power in 2019 has put Professor Babagana Umara Zulum on a pedestal of trust and honor. 

The governor has continued to show the world that power is transient, and as such, leaders must learn to appreciate the fact that harmonious working relationships with their subordinates are key to governance. 

This is, to my knowledge, the second time the governor is doing this. On Friday, he wrote to the assembly stating his desire to hand over
power to his deputy, Alhaji Umar Kadafur, in an acting capacity, as he left for Hajj in the Holyland of Saudi Arabia. 

The executive communication to the Borno State House of Assembly (BOHA), which was read by the Speaker, Honourable Abdulkarim Lawan, during an emergency session on Friday, speaks volumes about the kind of relationship the governor has with his deputy. This is a demonstration of trust, which is lacking in some states of the federation, and Borno has remained a point for others to emulate. 

The speaker, Honourable Lawan, said that the letter is in accordance with the 1999 Constitution of the Federal Republic of Nigeria as amended, adding that Kadafur will act from June 10th to July 8th, 2024. He further explained that the move is necessary to ensure the continuity of governance and the smooth running of the affairs of the state in the absence of the governor. 

This also demonstrated the cordial working relationship and understanding between the executive and legislative arms in Borno State. This singular act of the governor has once again brought to light the desire of the governor to leave by his constant statement that he remained the servant of the people and will always abide by the Constitution of the Federal Republic in discharging his duties as governor. 

*Yusuf Adamu is the former Adviser to then Borno state governor and current VP, Kashim Shettima

How Zulum demonstrates rare leadership in Borno

Continue Reading

National News

ACReSAL Takes Center Stage in Adamawa State’s Development Journey

Published

on

ACReSAL Takes Center Stage in Adamawa State’s Development Journey

By: Michael Mike

The Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) team, on a joint World Bank/Federal Government of Nigeria Implementation Support Mission, made a stop-over assessment of implementation activities in Adamawa state. The team was warmly received by three commissioners of the state, who expressed their commitment and support to the project.

“We have only two things in Adamawa today, ACReSAL and other projects,” declared Alh. Mohammed Sadiq, Commissioner for Environment, Adamawa state. “ACReSAL has become a household name in Adamawa state, and I am very happy to be part of this laudable initiative. The journey of ACReSAL will never finish without Adamawa state reaping its maximum impact.”

He noted that hundreds of people call him daily to testify that the ACReSAL Project has transformed their lives completely. “Communities that have never seen any development in Adamawa before are now flourishing, courtesy of the ACReSAL Project. We are now enjoying different impactful and livelihood enhancement activities because of the ACReSAL Project.

Over 20,000 farmers have been trained on regenerative agriculture and landscapes restoration across 21 local government areas in the state. Some farmers have been provided with the use of one hectare of land each for a period of 10 years, free of charge, along with agricultural inputs. Additionally, many communities now have access to clean solar-powered boreholes for drinking water, and we are witnessing a significant improvement in dry season farming.”

Alh. Audu Tanko Ayuba, Commissioner for Water Resources, remarked, “I have seen lots of projects carried out by ACReSAL in Adamawa state. ACReSAL is one of the best sustainable developmental programs currently in the state, and I assure you that all the necessary support the project needs is available.” He assured the team of the state and stakeholders’ willingness to collaborate for the success of the project.

On his part, Prof. David Finchiwa Jatau, Commissioner for Agriculture, Adamawa state, emphasized the importance of land restoration in all sectors of production. “Some communities never knew what dry season farming was, but today, I am happy to report that the ACReSAL project has made dry seasoning farming possible in communities in Adamawa state.” He expressed his excitement for the ACReSAL Project, noting the state’s full support.

Abdulhamid Umar, the National Project Coordinator for the ACReSAL Project, expressed his delight with the level of support and collaboration among the key lead implementing ministries of the ACReSAL Project in Adamawa state, evident in the presence of the three commissioners. “I feel really fulfilled with the success stories emanating from Adamawa state, which means the ACReSAL Project can bring more investment to the state.”

Dr. Joy Iganya Agene, Task Team Leader for the ACReSAL Project, announced that ACReSAL will support farmers and agro-business initiatives through its Community Resolving Fund (CRF) loan scheme. “We will provide loans to 140 communities in Adamawa state to support their agro-business initiatives. She encouraged the Adamawa State ACReSAL Project Management Unit (PMU) to scale up the intervention and monitor the projects closely to ensure impacts on communities, sustainability, and effective utilization of the funds.” She thanked Governor Fintiri, the commissioners, and the entire team for their efforts to ensure the project’s success in the state.

The ACReSAL project has received widespread support from stakeholders, and its success is expected to have a lasting impact on the communities in Adamawa state.

ACReSAL Takes Center Stage in Adamawa State’s Development Journey

Continue Reading

Trending

Verified by MonsterInsights