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FG TO LAUNCH $617M INVESTMENT IN DIGITAL, CREATIVE ENTERPRISES PROGRAMME

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FG TO LAUNCH $617M INVESTMENT IN DIGITAL, CREATIVE ENTERPRISES PROGRAMME

…VP Shettima directs technical committee to ensure inclusivity

By: Our Reporter

Determined to deliver on the promise to create millions of jobs in the technology space, President Bola Ahmed Tinubu’s administration has proposed November 2023 to launch the $617.7 million Investment in Digital and Creative Enterprises (i-DICE) programme.

To ensure this unfolds into a reality, Vice President Kashim Shettima has given marching orders to members of the i-DICE Steering Committee, tasking them to make sure the programme starts before the end of November this year.

The VP gave the directive on Friday when the i-DICE team gave him an update on the progress made so far during a meeting at the Presidential Villa, Abuja.

At the meeting, Sen. Shettima emphasised the importance of the initiative to Federal Government’s digital jobs drive, saying the administration is keen on delivering on its promises to Nigerians.

Accordingly, he urged all partners in the i-DICE programme to ensure judicious utilisation of the funds, noting that the $617.7 million scheme could be a game changer.

The Vice President stated: “The peculiarity of the challenges we face in the country demands that we have to create jobs for our teeming youths to address the crises associated with youth unemployment. I want to appeal to all of us here to unite and see that this programme takes off latest by the end of November this year.

“I am interested in getting a weekly update on what is being done to kick-start this programme. We also need to spread out to cover the whole country so that there is inclusivity. If we judiciously utilise these funds, the target impact and anticipated benefits will be immense.
“I want to assure the technical committee, all those working on this programme and our international partners, that you will get all the support that you will need. We mean business. My boss, President Bola Tinubu, is passionate about the transformation of this country. So, you have nothing to worry about the government’s support”.

Speaking with State House correspondents shortly after the meeting, Minister of Finance, Mr Wale Edun described the project as “very key to the promise of His Excellency, President Bola Ahmed Tinubu, particularly to the youth, for the creation of 1.2 million digital jobs.

“This $617 million project will go a long way to achieving the President’s priorities on job creation and economic growth, particularly inclusivity. One of the major elements is going to have 50% participation by women,” he added.

On his part, Minister of Communications, Innovation and Digital Economy, Mr Bosun Tijjani, said the scheme is a unique opportunity.

He noted: “The Nigerian technology and creative ecosystem has been doing well and is the best on the continent. We actually want to be a leader globally. And there’s no other way to do that than investing in the technology startups that are building these solutions.

“So, the government is putting its skin in the game to say ‘we want to support; we want to see more local confidence building’. And there’s no other way to show that than by putting money in some of the startups.”

For his part, the Managing Director of the Bank of Industry, Mr Kayode Pitan, hinted that the Vice President gave them marching orders to start by next month.

He said, “The Investment in Digital and Creative Enterprises (i-DICE) Programme programme is actually a $617 million programme. The funding has been concluded with African Development Bank (AfDB), the French Development Agency (AFD) and the Islamic Development Bank (IsDB).

“BOI (Bank Of Industry) also will put in some part of that funding. It will cover the digital area, the creative area and entertainment area, especially the areas that the youth are interested in. So, this is actually for the youths – people below 35. We have some grants, we have some loans. There’s some equity, and for the startups, government is hoping that some new unicorns are going to emerge from this particular programme”.

Also present at the meeting were the Ministers of Science and Technology Innovation, Mr Uche Nnaji; Industry Trade and Investment, Dr. Doris Uzoka-Anite; Arts, Culture and Creative Economy, Hajiya Hannatu Musawa, among others.

FG TO LAUNCH $617M INVESTMENT IN DIGITAL, CREATIVE ENTERPRISES PROGRAMME

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One killed, five injured during violent clash at peace meeting in Plateau

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One killed, five injured during violent clash at peace meeting in Plateau

By: Zagazola Makama

A peace meeting between local residents and Fulani community members in Pankshin Local Government Area of Plateau State turned violent on Thursday, leaving one person dead and five others injured after youths allegedly attempted to disarm soldiers deployed to maintain security during the engagement.

Security sources told Zagazola Makama that the incident occurred at about 3:00 p.m. on May 7 at Mier village, where troops of Sector 8 under Operation Enduring Peace (OPEP), deployed at Fier guard post, had organised a stakeholders’ meeting aimed at easing tensions between locals and Fulani residents in the area.

The sources said the meeting was part of ongoing confidence-building and peace restoration efforts by security forces following recent incidents of communal violence, cattle rustling, reprisal attacks, and growing mistrust between farming and pastoral communities across parts of Plateau State.

According to the sources, the meeting was progressing peacefully before a group of agitated youths reportedly became hostile and attempted to forcefully seize the rifles of two soldiers providing security at the venue.

“The situation suddenly turned violent when some youths moved aggressively toward the troops and attempted to disarm two soldiers,” a security source said.

The source added that amid the struggle and confusion, one of the soldiers discharged his weapon in self-defence to prevent the mob from overpowering the troops.

Following the incident, one local resident sustained fatal injuries and was later confirmed dead, while four other civilians and one soldier were injured during the confrontation.

The injured persons were immediately evacuated to nearby medical facilities for treatment, while the corpse of the deceased was deposited at the General Hospital morgue in Pankshin.

Security operatives subsequently reinforced the area to prevent further breakdown of law and order, while efforts were intensified to calm tensions among residents.

The four youths who attacked the soldiers were arrested.

The latest violence occurred amid heightened security concerns and recurring communal clashes across Plateau State, where troops of Operation Enduring Peace have continued to conduct patrols, peace engagements, arrests, and intelligence-driven operations to contain reprisals and attacks involving armed militias, bandits, and cattle rustlers.

Military and community leaders have repeatedly urged residents to avoid taking the law into their hands and to cooperate with security agencies to sustain peace efforts across the state.

One killed, five injured during violent clash at peace meeting in Plateau

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ISWAP suffer losses after failed attack on Buni Gari

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ISWAP suffer losses after failed attack on Buni Gari

By: Zagazola Makama

ISWAP terrorists suffered heavy losses in the early hours of Thursday after troops of Operation HADIN KAI repelled an attack on Headquarters 27 Brigade, Buni Gari, and a nearby checkpoint in Yobe State.

The terrorists had launched a coordinated assault at about 2:00 a.m. from multiple directions but were stopped by troops who held their ground and responded with superior firepower.

The Media Information Officer of the Joint Task Force North East, Operation HADIN KAI, Lt.-Col. Sani Uba, said the attackers were forced to retreat after coming under intense resistance.

He said several of the terrorists were neutralised during the encounter, while others fled with injuries.

“Exploitation of the general area confirmed the recovery of terrorist corpses and weapons in bushes and along withdrawal routes,” Uba said.

He added that traces of blood were found along escape routes, indicating that the fleeing attackers sustained significant injuries.

Uba explained that air support from the Air Component Command provided surveillance coverage during the operation, helping troops track movement of retreating fighters.

He said precision air interdiction was also carried out on confirmed fleeing elements, further increasing the losses suffered by the attackers.

Recovered items include AK-47 rifles, machine guns, RPG tubes, ammunition, magazines and other military-grade weapons used in the failed assault.

He said troops, working with hybrid forces, are continuing clearance operations in the area to prevent regrouping of the attackers.

Uba also confirmed that two soldiers died during the encounter, while wounded personnel are receiving treatment and are in stable condition.

He said Operation HADIN KAI remains committed to sustaining pressure on terrorist groups and denying them freedom of action in the North-East.

ISWAP suffer losses after failed attack on Buni Gari

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Cuba Slams New US Sanctions as ‘Economic Warfare,’ Warns of Deepening Humanitarian Crisis

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Cuba Slams New US Sanctions as ‘Economic Warfare,’ Warns of Deepening Humanitarian Crisis

By: Michael Mike

The government of Cuba has accused the United States of escalating economic warfare against the island nation following a sweeping new executive order and fresh sanctions that Havana says could worsen an already severe humanitarian and economic crisis.

In a strongly worded statement issued Thursday in Havana, Cuba’s Ministry of Foreign Affairs condemned the May 1, 2026 Executive Order signed by the White House, describing it as one of the harshest measures imposed against the communist nation in decades.

The Cuban government also denounced a subsequent decision by the United States Treasury Department on May 7 to place Cuban conglomerate Gaesa and mining company MoaNickel S.A. on the List of Specially Designated Nationals, effectively cutting them off from the American financial system and exposing foreign businesses dealing with them to possible secondary sanctions.

Havana described the move as a “ruthless act of economic aggression” aimed at tightening the long-standing United States blockade against Cuba and isolating the country from global trade and financial networks.

According to Cuban authorities, the latest measures threaten to deepen the island’s economic hardship at a time when the country is already battling chronic shortages of fuel, food, medicine and foreign exchange.

The Foreign Ministry argued that the sanctions go beyond bilateral relations between Washington and Havana by attempting to punish foreign companies, banks and governments that maintain economic ties with Cuba.

“The sovereign right of all states that have or wish to maintain economic, commercial and financial relations with Cuba is being explicitly attacked,” the statement declared.

Cuba accused senior United States officials, particularly the Secretary of State, of using intimidation and political pressure to force the international community into compliance with the blockade policy.

The statement further alleged that the new measures were intended to provoke economic collapse and social unrest within Cuba.

Havana warned that worsening economic pressure could create conditions for instability and potentially serve as justification for more aggressive actions against the island.

The Cuban government also accused Washington of attempting to manufacture a humanitarian crisis capable of triggering political upheaval.

The latest confrontation marks another sharp downturn in relations between the two Cold War-era adversaries whose ties have fluctuated between cautious engagement and hostility over the last six decades.

The United States first imposed trade restrictions on Cuba in the early 1960s following the Cuban Revolution led by Fidel Castro and the subsequent nationalisation of American-owned assets on the island. Relations deteriorated rapidly after Cuba aligned itself with the former Soviet Union during the Cold War.

In 1962, Washington formalised a broad economic embargo against Cuba, arguing that the measures were necessary to pressure Havana toward democratic reforms and respect for human rights.

Over the decades, the sanctions evolved into one of the world’s longest-running economic blockade regimes, affecting trade, banking, investment and travel.

Although there were signs of rapprochement during the administration of former President Barack Obama — including the restoration of diplomatic relations and the easing of some restrictions — many sanctions were later reinstated and expanded under subsequent administrations.

In recent years, Cuba has faced mounting economic difficulties caused by declining tourism revenues, inflation, fuel shortages and limited access to international credit markets.

The Cuban government has consistently blamed the United States embargo for worsening living conditions on the island, while Washington maintains that Havana’s centrally controlled political and economic system is primarily responsible for the country’s struggles.

The renewed sanctions are expected to intensify debates within the international community, where many countries and global organisations have repeatedly called for an end to the embargo.

For more than 30 consecutive years, the United Nations General Assembly has overwhelmingly voted in favour of resolutions urging the United States to lift its economic blockade against Cuba, describing the measures as harmful to ordinary citizens and contrary to international law.

Despite the growing pressure, both governments remain firmly entrenched in their positions, raising fears that tensions between Havana and Washington may continue to escalate in the coming months.

Cuba Slams New US Sanctions as ‘Economic Warfare,’ Warns of Deepening Humanitarian Crisis

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