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The African Development Bank (AfDB) and Eritrea have bolstered their collaboration to drive sustainable growth and development in the nation. The AfDB is supporting Eritrea in various sectors such as energy, water and sanitation, agriculture, skills development, and economic governance. The bank's president, Dr Akinwumi Adesina, emphasized the importance of prioritizing agro-industrialization and proposed the bank's Special Agro-Industrial Processing Zones initiative for transforming rural communities into prosperous economic zones. Eritrea's president, Isaias Afwerki, expressed gratitude for the bank's strategic role in the country's development and called for more resources to strengthen the institution's support for Africa's priorities.
Consummate Traders, a leading proprietary trading firm, has unveiled its new two-stage evaluation process aimed at attracting and nurturing the best trading talents in the industry. The comprehensive assessment focuses on performance metrics, risk management, and consistent trading practices. Successful traders will have the opportunity to manage the firm's capital while benefitting from educational resources and cutting-edge statistical tools. The process is characterized by fairness, transparency, and a partnership with respected broker Kwakol Markets.
The Acting Comptroller-General of Customs, Bashir Adewale Adeniyi, has announced the commitment of the Nigeria Customs Service (NCS) to collaborate with the Benin Republic Customs in order to combat smuggling and enhance cross-border trade between the two countries. This strategic move seeks to strengthen the existing trade ties and cooperation, aiming to harmonize import prohibition lists and develop new strategies to boost the economy and revenue of both nations.
The Nigeria Data Protection Commission (NDPC) and the Committee of Vice Chancellors of Nigerian Universities (CVCNU) have agreed to collaborate in order to ensure the protection of students' data within higher educational institutions. This partnership aims to address the potential risks associated with data exposure and mismanagement in the education sector, emphasizing the need for proper handling and compliance with data protection regulations. Capacity building and training programs for vice chancellors and data officers are expected to be organized to enhance data protection practices in Nigerian universities.
The Nigeria Data Protection Commission (NDPC) and the Committee of Vice Chancellors of Nigerian Universities (CVCNU) have agreed to collaborate in safeguarding students' data in higher institutions. With the increasing exposure of personal information in the education sector, the partnership aims to enhance data protection measures and ensure compliance with the Nigeria Data Protection Act (NDPA) 2023. The joint efforts will involve capacity building workshops for vice chancellors and data officers, as well as the development of guidelines to secure students' information effectively.
The Nigeria Immigration Service (NIS) has successfully cleared a backlog of almost 60,000 passports within just four working days, following a directive by the Minister of Interior, Olubunmi Tunji-Ojo. This achievement highlights the government's commitment to providing efficient and accessible services to Nigerian citizens. The minister's call for swift action and the subsequent partnership with other ministries aim to address related challenges and improve the welfare of the country's citizens.
The Minister of the Federal Capital Territory (FCT) has appointed Mandate Secretaries for different sectors in the FCT administration. The Minister emphasized the need for teamwork, transparency, and accountability in implementing the President's vision. The FCT Administration aims to create a world-class city that extends beyond the city center, providing progress and development in all areas. The key areas of focus include developing satellite towns, improving public transportation, creating a clean and green environment, prioritizing education, agriculture, and health sectors, and boosting the tourism sector. The Abuja Master Plan violations will also be dealt with decisively.
The Nigeria Customs Service (NCS) is working on modalities to enable Nigerian importers to clear their goods from the ports in Cotonou, Benin Republic. This move is aimed at boosting trade relations between Nigeria and Benin Republic, as well as curbing smuggling. The director-general and senior officials of the customs service of Benin Republic recently visited Nigeria to finalize agreements for this partnership. Although the details are still being worked out, this development will allow Nigerian importers to pay duties on their goods in Cotonou ports and freely enter Nigeria.
The Nigeria Customs Service (NCS) has announced collaboration talks with the Customs Service of neighbouring Republic of Benin to improve trade relations between both countries. This move is expected to enhance customs administration, trade facilitation, and regional cooperation.
Nigeria's Vice President, Kashim Shettima, reaffirmed the government's dedication to increasing domestic health financing, promoting health industrialisation, and enhancing health outcomes in the country. The pledge was made during a visit by global health partners, including the Global Fund, US President's Malaria Initiative, and PEPFAR. This commitment demonstrates Nigeria's determination to reshape its healthcare system for the better, aiming for inclusive growth and a nation where all citizens can take pride.
The Minister of the Federal Capital Territory (FCT), Mr. Nyesom Wike, has announced plans to collaborate with South Korea and Turkiye on vocational education and agricultural development in Nigeria. The partnerships aim to empower students with practical skills, establish vocational schools, create a mini electricity grid, and enhance business collaborations.
The Federal Capital Territory Administration in Nigeria is set to collaborate with South Korea and Turkiye in the areas of vocational education and agricultural development. Minister Nyesom Wike expressed his admiration for South Korea's vocational education model, highlighting the importance of equipping students with practical skills. The FCT Administration plans to introduce a hands-on approach to vocational schools and skill acquisition centers, inspired by Samsung's involvement in providing practical resources to students. In addition, South Korea is partnering with the FCT Administration on the establishment of a mini electricity grid and other training programs. Similarly, the FCT Minister sees the potential for collaboration with Turkiye in agricultural development, leveraging the large arable land available in the territory. Turkish companies are also interested in participating in the construction of the Abuja metro rail line.
Nigeria's Vice President office has initiated a partnership with Micro, Small, and Medium Enterprises (MSMEs) to improve the economy and create jobs. The interventions will benefit 1.3 million people across 17 states and the Federal Capital Territory. These measures aim to fulfill the government's commitment to job creation and economic diversification, with MSMEs playing crucial roles. Various initiatives, including the establishment of shared centers, installation of solar panels, and the development of fashion hubs and furniture clusters, will contribute to this goal.
The Nigeria Social Insurance Trust Fund (NSITF) and Plateau State government have resolved their tax dispute, withdrawing it from the Tax Appeal Tribunal. A four-man technical committee has been set up to resolve the matter. The NSITF has paid N62 million in backlog 'Pay As You Earn' (PAYE) tax to the Plateau State Internal Revenue Service (PSIRS). The PSIRS will support the NSITF in implementing the Employee Compensation Scheme (ECS) to benefit workers in the state.
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, met with the Turkish Ambassador, H.E. Hidayet Bayraktar, to explore potential collaborations in infrastructure and agriculture development in the FCT. The minister also requested a visa policy that promotes friendly relations with Nigerians.
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