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

Nigeria Launches Unified Framework to Tackle Humanitarian Crises and Poverty

Published

on

Nigeria Launches Unified Framework to Tackle Humanitarian Crises and Poverty

By: Michael Mike

The Federal Government has launched a new national framework aimed at ending fragmented humanitarian and poverty interventions through the One Humanitarian–One Poverty Response System (OHOPRS), a coordinated approach designed to align emergency assistance, social protection, and long-term poverty reduction.

The initiative, introduced under the Renewed Hope Agenda of President Bola Tinubu, seeks to harmonize government and partner efforts in responding to humanitarian crises while creating sustainable pathways out of poverty.

The framework was unveiled during a high-level engagement involving federal and state institutions, development partners, humanitarian agencies, academia, and technical organizations. Stakeholders at the meeting emphasized the need for a unified national system capable of addressing the growing complexity of humanitarian needs and multidimensional poverty across Nigeria.

Nigeria’s Minister of Humanitarian Affairs and Poverty Reduction, Bernard M. Doro, said the initiative marks a major shift from isolated interventions to a coordinated national architecture that connects humanitarian assistance with recovery, resilience, livelihoods, and sustainable development.

He stressed that poverty reduction and humanitarian response must be treated as a national priority, particularly in a country facing climate-related shocks, displacement, food insecurity, and widening economic vulnerability.

According to the minister, OHOPRS will help align institutions, resources, and data systems around measurable outcomes for citizens while enabling vulnerable households to transition from dependency to productivity.

International partners welcomed the reform and pledged support for its implementation.

The Resident Representative of the United Nations Development Programme (UNDP) described the framework as an important systems-based reform that places resilience and inclusion at the center of national development. He noted that the initiative provides a platform for linking humanitarian response with long-term development outcomes.

Similarly, the Head of Office of the United Nations Office for the Coordination of Humanitarian Affairs (UNOCHA) said the framework strengthens national ownership of humanitarian coordination and improves alignment between humanitarian operations and government systems.

The Country Representative of UNICEF highlighted the opportunity to better reach vulnerable children and families through integrated programming that connects emergency response with education, nutrition, child protection, and social protection services.

The World Bank Country Director also welcomed the initiative, noting that stronger data systems, measurable outcomes, and improved institutional coordination are essential for sustainable poverty reduction.

Support for the initiative also came from the European Union, whose ambassador to Nigeria and ECOWAS emphasized the importance of transparency, evidence-based planning, and stronger partnerships to ensure development investments produce lasting results.

Humanitarian partners also underscored the importance of improved coordination. The head of the European Civil Protection and Humanitarian Aid Operations (ECHO) highlighted the need for better vulnerability targeting and accountability, while the Nigeria Country Director of International Alert noted that poverty, insecurity, and vulnerability are interconnected and require integrated, conflict-sensitive responses.

Experts from academia and government statistical institutions also emphasized the role of research and data in the success of the initiative. The Vice Chancellor of Yakubu Gowon University called for strong collaboration between policymakers and research institutions, while the Statistician-General of the Federation stressed the need for credible data systems to support planning, targeting, and monitoring.

State governments are expected to play a critical role in implementing the framework, aligning their humanitarian and poverty reduction programmes with the national system to ensure better targeting and more responsive service delivery.

A key component of OHOPRS is the development of an integrated data and monitoring ecosystem to track needs, interventions, funding, and outcomes across different levels of government and partner organizations.

Officials say the initiative is not merely a programme but a broad systems reform intended to transform how Nigeria supports vulnerable populations. By linking humanitarian action with long-term poverty reduction, the government hopes to move communities from recurring crises toward resilience and economic opportunity.

The Federal Government called on ministries, state authorities, development partners, civil society organizations, academia, and the private sector to align with the framework and contribute to its implementation, stressing that addressing humanitarian vulnerability and poverty requires coordinated leadership and sustained collaboration.

Nigeria Launches Unified Framework to Tackle Humanitarian Crises and Poverty

Continue Reading

News

One Week After Black Monday in Maiduguri, Police Headquarters Count Losses

Published

on

One Week After Black Monday in Maiduguri, Police Headquarters Count Losses

By: Bodunrin Kayode

As Maiduguri residents continue to count the cost of casualties from last Monday’s IED explosion, the Nigerian Police Command headquarters has said that one of its men, Sergeant David Samuel has lost his life in the tragedy.

The Command which has been very careful in the way the death of the sergeant was managed announced through their spokesman Nahum Daso that it has been established that a police sergeant serving the country in the state paid the supreme sacrifice after being inflicted with multiple wounds at the Monday market explosion.

Until his death, the tall Sergeant David Samuel was one of the guards securing the Monday market against insurgents who have a penchant for penetrating multi billion naira crowded areas like the Monday market.

Though Police Sergeant Samuel did not die on the same Monday evening the tragic incident occurred, he died two days after possibly due to the resultant injuries which led to excessive bleeding.

While many others survived due to the innate resilience of residents of the city to survive, Sam however died two days after the blast on wednesday last week due to what hospital sources described as complications at the University of Maiduguri Teaching Hospital (UMTH) were he was finally admitted after the blast.

Spokesperson of the Police Command who disclosed the sad news to this reporter noted that Sergeant Samuel had reported for duty that day not knowing that last monday would be his last assignment for his country.

“He actually died of multiple injuries not on the spot but in the hospital. The injuries in many parts of his body obviously led to complications coupled with the trauma which would have dealt a heavy blow on him” said ASP Daso.

Sergeant Sam who hails from Askira Uba is survived by his parents, siblings and family members and has since being buried at the Dala cemetery in Maiduguri after the church service held at EYN tanki

Maiduguri had witnessed a lull in such violent active by these criminals until recently when troops embarked on clearance operations dealt heavy blows in the insurgent hideouts inside the Timbuktu triangular and beyond.

One Week After Black Monday in Maiduguri, Police Headquarters Count Losses

Continue Reading

News

Strong Bilateral Ties, Trade, Others Top Agenda As VP Shettima, Swiss Counterpart Meet

Published

on

Strong Bilateral Ties, Trade, Others Top Agenda As VP Shettima, Swiss Counterpart Meet

By: Our Reporter

Switzerland to return Benin bronzes, artefacts to Nigeria, pledges support to combat insecurity in North East

Nigeria and Switzerland have agreed to actively strengthen their bilateral relations, focusing on a multi-faceted approach that spans trade, economic cooperation, skills acquisition, migration, security and cultural exchange.

This was the outcome of the meeting between Vice President Kashim Shettima and the Vice President of Switzerland, Mr. Ignazio Cassis, on Tuesday.

The Nigerian Vice President received his Swiss counterpart and his spouse, Paola Rodoni Cassis, at the presidential wing of the Nnamdi Azikiwe International, Abuja, where they met behind closed doors.

Addressing journalists after the meeting, Vice President Cassis, who is also the Foreign Minister of Switzerland, disclosed that discussions dwelled on improved bilateral relations, free trade agreement, skills acquisition, migration, cultural exchange, and support for Nigeria in tackling the security situation in the North East region.

He said, “We are considering improving our bilateral relations. We are considering to analyse the opportunity of making a free trade agreement with the AfCFTA family and Nigeria. Secondly, we are working together very much in diplomatic efforts to address the many different conflicts in the North Eastern part of Nigeria.

“Thirdly, we are contributing to vocational training in Nigeria, with the Swiss companies in Nigeria creating the best conditions for young people to peacefully live together by being skilled enough to have jobs for the future.”

Vice President Cassis noted that the two countries also agreed to improve cultural cooperation, including restitution of cultural materials, even as he said, “We also have cooperation in migration issue, and every year, we are meeting together, where we explore every facet of this cooperation.”

He expressed gratitude to Nigeria for its continuous presence in the World Economic Forum (WEF) held annually in Davos, just as he congratulated the nation for the Nigeria House commissioned in Davos this year.

Shedding more light on the outcome of the meeting, Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Tuggar, said the discussions were a continuation of the old relationship between both countries that dates back to 1961.

He said, “Vice President Cassis expressed keenness to see Nigeria and Switzerland sign a free trade agreement, and this is a very welcome development. There were other discussions about Swiss businesses and investments. There are so many of them, and that is why from here he goes to Lagos to engage with the private sector.”

The Minister disclosed that the Swiss government also agreed to return bronzes and artefacts belonging to the Benin Kingdom in Edo State, as part of efforts to strengthen cultural ties between both countries.

“There was a general assurance that we need to strengthen the relationship between the two countries not just when it comes to business but also cultural aspect of the relationship.

“So, there are Benin bronzes that are going to be returned from Switzerland. He informed the Vice President that the Swiss Minister of Culture will be visiting Nigeria shortly, and this was something that was highly appreciated,” Tuggar stated.

He said Vice President Shettima welcomed the developments “and assured that Nigeria will continue to engage with Switzerland and continue to attend the World Economic Forum in Davos because there were some uncertainties as to whether it will remain in Davos or not.”

Other members of the Swiss delegation included Director of the Swiss Agency for Development and Cooperation, Ambassador Patricia Danzig; Head of the Africa Division, Ministry of Foreign Affairs, Ambassador Philip Stalder; Head of the Peace and Human Rights Division, Ministry of Foreign Affairs, Ambassador Tim Enderlin, and Swiss Ambassador to Nigeria, Ambassador Patrick Egloff,” among others.

Strong Bilateral Ties, Trade, Others Top Agenda As VP Shettima, Swiss Counterpart Meet

Continue Reading

Trending

Verified by MonsterInsights