Connect with us

News

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

Published

on

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

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.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

News

Unlocking the Benefits of Zero-Tariff Measures to Elevate the China–Africa Community with a Shared Future to a New Level

Published

on

Unlocking the Benefits of Zero-Tariff Measures to Elevate the China–Africa Community with a Shared Future to a New Level

By Yu Dunhai,
 
On May 1 this year, China will fully implement zero-tariff measures for 53 African countries that have diplomatic relations with China. This represents a concrete step by China to expand high-level opening up and deepen China–Africa cooperation. As the policy enters its implementation phase, China–Nigeria cooperation is also reaching a critical juncture, transitioning from an “opportunity window” to the delivery of tangible outcomes.
 
This measure is characterized by comprehensive coverage. Previously, China had already granted zero-tariff treatment on 100 percent of tariff lines to 33 least developed African countries. Starting May 1, China will further extend zero-tariff arrangements, through preferential tariff rates, to 20 non-least developed African countries, including Nigeria, thereby achieving full coverage of all African countries with diplomatic relations with China. As a result, China has become the first major economy in the world to unilaterally implement comprehensive zero-tariff treatment for all such countries, demonstrating through concrete actions its commitment to providing market opportunities to African partners.
 
Zero tariffs measures directly reduce the cost of Nigerian products entering the Chinese market. From sesame, ginger, and cashews to cocoa and other specialty agricultural products, as long as they meet rules of origin as well as inspection and quarantine requirements, they can access the Chinese market more smoothly. This “channel effect” helps translate potential demand into stable orders and convert market opportunities into tangible benefits.
 
Beyond enabling products to be “sold,” this measure will also help them be “sold better.” The removal of tariffs will both encourage and incentivize enterprises to improve quality standards, optimize product structures, and strengthen brand development, thereby supporting sustainable growth in China’s high-standard market. As export volumes expand and quality improves, the international reputation of “Made in Nigeria” will be further enhanced.
 
From a broader perspective, the measure will promote localized value addition, inject new momentum into Nigeria’s industrialization and agricultural modernization, create employment opportunities, and improve livelihoods. Clear and stable expectations for exports to China will attract increased domestic and foreign investment into sectors such as agriculture, food processing, mineral processing, and manufacturing. Value addition through local processing prior to export will help extend industrial chains and stimulate the development of supporting industries, including R&D, quality inspection, packaging, warehousing, and logistics. In this way, Nigeria will be better positioned to transition from primary commodity exports to more diversified, higher value-added exports, enhancing the resilience and dynamism of its economy.
 
Whether the benefits of zero-tariff measures can be fully realized ultimately depends on effective implementation. African producers and exporters, including those in Nigeria, are encouraged to proactively align with Chinese market requirements in terms of product quality, supply reliability, and brand promotion. China will work closely with Nigeria and other African countries to create an even more enabling environment for expanding exports to China. This includes providing technical support through capacity-building programs, enhancing trade facilitation through “green channels” for agricultural products, and welcoming Nigerian enterprises to actively participate in major platforms such as the China International Import Expo, the Canton Fair, and the China–Africa Economic and Trade Expo to connect with buyers and promote their products. We also look forward to close coordination with relevant Nigerian authorities to ensure that products meet applicable origin rules, inspection and quarantine standards, and other regulatory requirements.
 
The zero-tariff arrangement is an innovative, phased, and pioneering measure in the ongoing negotiations on the Agreement on Economic Partnership for Shared Development between China and African countries. This agreement will more comprehensively reduce both tariff and non-tariff barriers, enhance trade and investment facilitation, and deepen cooperation across a range of development areas, thereby providing long-term, stable, and predictable institutional support for mutually beneficial cooperation between China and Nigeria.
 
Against the backdrop of persistent geopolitical tensions, global economic headwinds, and rising unilateralism and protectionism, China’s commitment to expanding opening up, while focusing on Africa’s development priorities and sharing the opportunities of its vast market and modernization, demonstrates both responsibility and strategic foresight. China stands ready to work with Nigeria to ensure that zero-tariff measures take root and deliver real results, advancing Africa’s modernization and elevating the China–Africa community with a shared future to a new level.
 
Yu Dunhai, is Chinese Ambassador to Nigeria

Unlocking the Benefits of Zero-Tariff Measures to Elevate the China–Africa Community with a Shared Future to a New Level

Continue Reading

News

Fuel Hike Crisis: NHRC Warns Nigerian Workers at Breaking Point, Demands Urgent Government Action

Published

on

Fuel Hike Crisis: NHRC Warns Nigerian Workers at Breaking Point, Demands Urgent Government Action

By: Michael Mike

Nigeria’s worsening cost-of-living crisis came under sharp scrutiny on Thursday as the National Human Rights Commission (NHRC) issued a strong warning that rising fuel prices and systemic economic pressures are pushing workers deeper into hardship, urging immediate government intervention to avert further deterioration.

In a statement marking International Workers’ Day 2026, the Commission’s Executive Secretary, Tony Ojukwu, said the recent petrol price hikes have triggered a chain reaction of economic strain, with transportation costs soaring beyond the reach of average Nigerians and severely eroding workers’ incomes.

He warned that the daily reality for millions of workers—particularly those dependent on commuting—has become increasingly unsustainable, with productivity declining as basic mobility becomes a luxury rather than a necessity. According to him, the situation is steadily undermining not just economic stability but also the dignity of labour in the country.

While acknowledging federal efforts to mitigate the effects of global inflation and economic reforms, the NHRC stressed that such measures have yet to translate into meaningful relief for citizens facing immediate and severe financial pressure. The Commission argued that the gap between policy intentions and lived realities continues to widen.

The NHRC identified transportation as a critical pressure point, noting that the absence of a functional and affordable public transport system has amplified the impact of fuel price increases. It cautioned that without urgent corrective measures, a significant portion of the workforce risks sliding further into economic vulnerability.

Beyond fuel and transport costs, Ojukwu drew attention to entrenched structural challenges worsening the crisis. These include controversial estimated electricity billing practices, persistent metering gaps, rising housing costs, and limited access to quality healthcare under the National Health Insurance framework. He also flagged recurring industrial actions in the health sector, attributing them to poor welfare conditions that ultimately affect both workers and the broader population.

The Commission further raised concerns over wage disparities among workers performing similar roles, calling for transparent and equitable salary harmonisation across sectors. It described delays in the payment of retirement benefits as a grave injustice, warning that such practices strip retirees of dignity and financial security after years of service.

Although the NHRC acknowledged ongoing investments in the railway sector, it insisted that broader and more inclusive transport solutions are urgently needed nationwide to ease the burden on workers.

Framing the crisis in rights-based terms, Ojukwu emphasized that the current economic hardship is not merely a fiscal issue but a human rights concern requiring immediate, people-centered responses. He called on all levels of government to adopt practical policies that directly improve living standards and safeguard workers’ welfare.

As Nigeria joins the rest of the world to mark Workers’ Day, the Commission delivered a blunt message: economic reforms must not come at the expense of citizens’ dignity. Without deliberate protections, it warned, Nigerian workers will continue to shoulder disproportionate hardship in a system that offers little relief.

Fuel Hike Crisis: NHRC Warns Nigerian Workers at Breaking Point, Demands Urgent Government Action

Continue Reading

News

Troops Recover Rifle, Ammunition During Clearance Operation in Borno

Published

on

Troops Recover Rifle, Ammunition During Clearance Operation in Borno

By: Zagazola Makama

Troops of 403 Amphibious Brigade, in collaboration with members of the Civilian Joint Task Force (CJTF), have recovered arms and ammunition during a clearance operation along a major supply route in Borno State.

Security sources told Zagazola that the recovery was made at about 12:00 p.m. on April 29 during a shoulder clearance operation along the Baga–Cross Kauwa road in Kukawa Local Government Area.

The sources said the operation, conducted by troops alongside Explosive Ordnance Disposal (EOD) personnel and civilian volunteers, was part of ongoing efforts to secure the main supply route and prevent insurgent activities.

According to the sources, items recovered include one AK-47 rifle, one magazine and 30 rounds of 7.62mm special ammunition.

They added that no contact was made with any suspected terrorists during the operation, which was carried out successfully without incident.

The sources said troops would continue clearance and surveillance operations to ensure sustained security along key routes in the area.

Troops Recover Rifle, Ammunition During Clearance Operation in Borno

Continue Reading

Trending

Verified by MonsterInsights