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

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$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

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Boko Haram Militants Attack Geidam, Burn Vehicles, and Kill Night Watchman

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Boko Haram Militants Attack Geidam, Burn Vehicles, and Kill Night Watchman

By: Zagazola Makama

The Islamic State of the West African Province(ISWAP) launched a violent attack on Geidam town in the early hours of Saturday, leaving one person dead and causing significant damage to property.

Intelligence sources told Zagazola Makama that the attack occurred at around 3:30 a.m. when insurgents entered the town and began firing explosives at random.

During the assault, two vehicles belonging to customs officials were set ablaze. In a further act of desecration, the attackers targeted the grave of a local resident, Khalifah Ayiloma, located in Kolori Ward, setting the gravesite on fire.

The insurgents also attacked the residence of Dahiru Muhammadu, a 60-year-old night watchman who was stationed opposite the Geidam Polytechnic.

He was shot in the neck and rushed to Geidam Specialist Hospital, where he was later confirmed dead.

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ECOWAS Insists Peace and Unity Important to Success of AFCTA in West Africa

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ECOWAS Insists Peace and Unity Important to Success of AFCTA in West Africa

By: Michael Mike

The Economic Community of West African States (ECOWAS) has said peace and unity in West Africa remains important to the success of African Continental Free Trade Area (AFCTA) in the region.

Speaking at the capacity building on dispute settlement mechanisms under the AFCTA organised by ECOWAS, the Director of Trade ECOWAS commission, Kolawole Sofola said given the complexity of cross border trade and investment, effective dispute resolution mechanisms are critical for ensuring the smooth operation of AFCTA agreement and its protocols.

He said this workshop comes at a pivotal moment in our collective journey towards regional and continental integration. He added that: “As we work towards realizing the full potential of the African Continental Free Trade Area, it is clear that the mechanisms for resolving trade disputes will be a cornerstone in ensuring the success and the credibility of this landmark agreement.”

He noted that AFCFTA represents not just an opportunity, but a transformation for Africa, providing a platform for trade liberalization, economic growth and development, however, it would only succeed if the rules are adhered to and any disputes that arise are settled in a fair, efficient and transparent manner”.

He added that: “The benefits of trade agreements could be undermined, affecting investor confidence, distorting fair competition and stifling economic progress. By ensuring that disputes are addressed swiftly, we foster an environment that promotes fair trade, protects intellectual property rights, enhances innovation and ultimately contributes to the economic development of West Africa and the African continent as a whole”.

One of the organisers and facilitator at the workshop, Professor Muhammed Ladan shed light on the reason why the workshop is so important by saying “of all the 15 ECOWAS member states, only Benin Republic has signed, and that is yet to ratify, the African Continental Free Trade Area agreement and two out of 55 African member states, 54 are signatories to the African contributory agreement, and 48 are state parties through the African refugee area agreement, meaning as ECOWAS we are actually integrated into the African contributors area agreement, already by 14 out of 15 ECOWAS member states being signatories, are also parties, which means the agreement as of today are legally binding on 14 out of 15 states”.

He further explained that, “because of the AFCTA agreement itself, article one defines the regional economic communities in Africa that they are the building blocks of the African Continental Free Trade Area
agreement. And ECOWAS is one of the eight recognized regional economic communities under Article One of the agreement now, if article one recognizes by definition, that ECOWAS is one of the eight organized regional economic communities to serve as a building block for the other community area agreement and its eight protocols, then you can see the reason why we are starting actually at ECOWAS to show our functionality and viability and readiness as a truly golden block”.

He said with all the members participating in this workshop, we hope the resolution and agreement arrived at will further help to build better relationship among the members state and also foster stronger collaboration, coordination and knowledge sharing among ECOWAS Court judges, registry staff and legal officers in implementing dispute resolution mechanisms under both frameworks.

ECOWAS Insists Peace and Unity Important to Success of AFCTA in West Africa

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Prof. Ahmed Ahidjo, Now Ambassador of Peace 

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Prof. Ahmed Ahidjo, Now Ambassador of Peace 

By: Balami Lazarus 

A golden fish has no hiding place. The name Prof. Ahmed Ahidjo is a household name in hospital administration/medicine. UMTH, under the leadership of Prof. Ahidjo, is a testament to being the best teaching hospital in Nigeri in terms of healthcare services and provision of state-of-the-art medical facilities. 

Prof. Ahidjo, who was recently awarded and made Ambassador of Peace by the Universal Peace Federation (UPF), are indications of his peaceful nature and efforts. In a letter signed by the Secretary General of Nigeria, Dr. George Ikpot, in parts, it reads, ‘By your actions to date, you have demonstrated an implicit understanding of the value of peace… for your community and humanity in general.’ 

The organization further wishes to salute and commend Prof. Ahmed Ahidjo for the immense development efforts experienced by the people within and outside of Borno State’during this period of your administration’. The award certificate of the Universal Peace Federation, signed by Rev. Dr. Sun Myung Moon, Founder, recognized and declared Prof. Ahmed Ahidjo as Ambassador of Peace’.

Prof. Ahmed Ahidjo, Now Ambassador of Peace 

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