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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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ECOWAS, Private Sector Unveil Strategies to Boost Tourism in West Africa

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ECOWAS, Private Sector Unveil Strategies to Boost Tourism in West Africa

By: Michael Mike

The Economic Community of West African States (ECOWAS), the private tourism sector and other stakeholders have unveiled strategic initiatives aimed at boosting tourism across the region.

The strategies are contained in a communique issued following a 3-day high level strategic dialogue between ECOWAS, West African private sector tourism stakeholders and experts in Abuja on Thursday.

According to the communique, the meeting recommended that the private tourism sector should formulate a request for funding for the activities of ECOTOUR 19-29 Country Operational Units to the ECOWAS Commission.

It was also recommended that the private tourism sector should generate funds from Technical and Financial Partners (TFPs) with a view to implementing a robust and sustainable regional tourism for economic growth.

The communique also advised the private tourism sector to identify and seek the support of technical and financial partners (TFPs) to support the private tourism sector, practitioners were also asked to initiate and
sign a partnership agreement among themselves and the ECOWAS Commission.

The communique also recommended that ECOWAS Member States should provide national classification commissions and structures in charge of resource regulation.

It also urged them to organize awareness-raising sessions for industry stakeholders on the new regulations.

Also recommended is the organisation of capacity building sessions for national classification commissions and regulatory structures. by the ECOWAS Commission.

It also recommended that Member States should establish harmonized tourism satellite accounts, as well as transmit and make available the new regulations for their individual countries.

The communique also recommended that the ECOWAS Commission should conduct a mid-term evaluation of ECOTOUR 19-29.

The communique was signed by the Director, Hospitality and Travel Trade, Nigerian Tourism Development Authority.
Mrs Ruth Ndam, President, Hotel Ranking Commission of Côte d’Ivoire, Mr Boka Georges, and Director General of Tourism of Guinea Bissau, Mr Massa Cande.

ECOWAS, Private Sector Unveil Strategies to Boost Tourism in West Africa

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FG to Collaborate with Traditional Institutions to Protect and Preserve Environment

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FG to Collaborate with Traditional Institutions to Protect and Preserve Environment

By: Michael Mike

The Minister of Environment, Balarabe Lawal has stated that the Federal Government will continue to collaborate with the traditional institutions in the country, especially in protection and preservation of the environment through discouraging tree felling and promoting clean cooking.

The Minister disclosed this when the Emir of Nasarawa and former Minister of Environment, His Royal Highness, Alh. Ibrahim Usman Jibrin paid a courtesy visit to the Ministry on Thursday.

Balarabe stated that the Ministry is doing alot in tackling environmental challenges such as plastic waste, erosion and flood, desertification, drought control and other climate change challenges.

He assured the visiting monarch that being the former Minister of Environment, he would build on his legacy and achieve the mandate of the Ministry in line with the President Bola Ahmed Tinubu’s Renewed Hope Agenda on environment.

Earlier, the Emir of Nasarawa and former Minister of Environment, his Royal Highness, Alh. Ibrahim Usman Jibrin commended the staff of the Ministry for tackling environmental challenges in the country and assured the Minister of the Traditional institutions unalloyed support to achieve the mandate of the Ministry.

The Emir enjoined the Ministry to work as a team to promote environmental sustainability, emphasizing that “environment is the only one we have, so let us make it conducive”

In another development, the Honourable Minister received in audience the United Arab Emirates Ambassador to Nigeria, H. E Salem Saeed on an official working visit to the Federal Ministry of Environment where important bilateral discussions where centred on Environmental issues such as the Just concluded COP28 held in Dubai, UAE last year, plastic pollution challenges, desertification control, tree planting, erosion and flood control among others.

The Minister commended the UAE for hosting the event and also appreciated the President of COP28, Sultan al-Jabar who provided the outcome of the discussions with an agreement that signal the ” beginning of the end” of the fossil fuel era by laying the ground for a swift, just and equitable transition, unpinned by deep emissions cuts and scale up finance.

Balarabe further revealed that there are alot of areas of collaborations between Nigeria and UAE, most especially on the outcome of decisions reached during COP28.

He also commended President of UAE for resuming flight tickets to the County and the starting issuance of visa to Nigerians starting from 1st October, 2024.

Earlier, the Ambassador of UAE to Nigeria, H. E Salem Saeed congratulated the Honourable Minister of Environment on his well deserved appointment and disclosed that the Ministry is doing very well most especially the participation of Nigeria in Conference of Parties (COP28) In Dubai last year.

Saeed stated that Nigeria and UAE would continue to collaborate and partner on areas of mutual interest on environmental sustainability.

It would be recalled that United Arab Emirates (UAE), last year hosted the COP28 in Dubai with the slogan:UNITE, ACT, DELIVER.”

FG to Collaborate with Traditional Institutions to Protect and Preserve Environment

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Chinese envoy advocates harmony as driver of development

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Chinese envoy advocates harmony as driver of development

By: Michael Mike

The Chargé d’affaires of the Chinese Embassy in Nigeria, Mr Zhang Yi has emphasized the need for Nigeria to embrace harmony as key driver towards national development.

Zhang stated this on Thursday in Abuja at a Seminar: “Promoting Harmony Through Mutual Learning” organised by the Chinese Embassy in collaboration with China Alumni Association and the University of Abuja.

The envoy drawing parallels with China’s own journey towards economic prosperity, shared insights on how embracing diversity while prioritizing harmony had been instrumental in China’s growth story.

According to him, the concept of harmony from Longman dictionary is when people live or work together without fighting or disagreeing with each other.


He said: “Harmony is more emphasised by the Chinese people in our culture. At the level of man and nature, we advocate harmony in coexistence; at the level of family and society, we advocate harmony in integration.

“At the level of nation and civilization, we advocate harmony in diversity: at the level of state and governance, we advocate harmony in development.

“We believe that fostering harmony among various ethnic groups, fostering political stability, and prioritizing infrastructure development were crucial steps towards unlocking Nigeria’s full potential.

“In short, our ultimate goal is to create a harmonious world with peaceful development of mankind.

“As we know, friendship, which derives from close contact between the people, holds the key to sound state-to-state relations, and our cultures can build the friendship bridge connecting China and Nigeria,”he said.

Zhang reiterated China’s commitment to supporting Nigeria’s development efforts through strategic partnerships, technology transfer, and infrastructure investments.

He emphasized the importance of collaboration between the two nations in key sectors such as energy, transportation, and telecommunications to drive economic growth and create opportunities for both countries.

Head of Political Science and International Relations Department University of Abuja, Prof. Sheriff Ibrahim, on his part, said that the seminar comes at a critical juncture for Nigeria, as the nation grapples with issues of insecurity, economic challenges, and social tensions.

Chinese envoy advocates harmony as driver of development

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