Economy Archives - Page 37 of 69

Jan

31

2024

The EFCC uncovers religious organisation financing terrorism, links it to another N7 billion fraud.

Economy, Metro, NewsBandits, Crime, DSS/EFCC, Economy, Insecurity, Nigeria, Religion, Security, Terrorism

Ola Olukoyede, the chairman of the Economic and Financial Crimes Commission (EFCC), claims that the anti-graft organisation has discovered a religious group that is using money laundering to support terrorists. At a discussion on "Youth, Religion, and the Fight against Corruption" on Wednesday in Abuja, Olukoyede revealed the information. He also claimed that N7 billion in fraud proceeds had been linked to a different religious organisation. He mentioned that the country's religious groups, institutions, sects, and bodies had been proven to be involved in money laundering by the EFCC. Olukoyede claimed that after money laundering was linked to one of…

Jan

26

2024

By David Okoye

Real Estate Expert Urges Tech Integration to Address Nigeria’s Construction Challenges

Business, EconomyBusiness, Economy, Next Level, Nigeria

The Nigerian federal government was recently recommended by Femi Akintunde, the Group Managing Director of real estate solution company Alpha Mead, to use the technical innovations of the fourth industrial revolution in order to tackle the nation's multifaceted difficulties. Akintunde underlined at a discussion at the University of Lagos that the government must use technology to combat economic challenges. Akintunde emphasised that collaborating with industry could be an efficient way to address Nigeria's economic problems. He emphasised the significance of preparedness, willingness, and dedication while expressing hope about improving the nation's economic prospects. In spite of obstacles including poor infrastructure…

Jan

26

2024

By David Okoye

Federal Government Launches Nationwide Robotics Competition to Foster AI Education

Business, Economy, LifestyleBusiness, Economy, Metro, Nigeria

To foster scientific brilliance and expand access to Artificial Intelligence (AI) education, the federal government launched the student robotics competition for 2023–2024. Speaking at the workshop's opening in Abuja, Education Minister Tahir Mamman praised instructors and mentors for their commitment to developing the next generation of creators and programmers. Mr. Mammam stressed the need of including robotics education in the curriculum, saying that it gives kids the tools they need to succeed in an increasingly digital world in addition to enhancing their academic experience. He acknowledged the critical role that mentors, educators, principals, and organisers play in increasing the use…

Jan

12

2024

By David Okoye

Abia State Governor Explores Economic Partnership with Indonesia

NewsAbia State, Economy

Abia State Governor, Alex Otti, has expressed his government's eagerness to collaborate with Indonesia to enhance economic development and industrialization in the state. During a visit by the Indonesian High Commissioner to Nigeria, Usra Harahap, Governor Otti highlighted Abia's interest in leveraging Indonesia's scientific and technological advancements, citing the country's significant gross domestic product (GDP) growth rate of close to US$1.3 trillion. Governor Otti welcomed Indonesia's identification of Aba as a potential partner and emphasized the state's readiness to engage with foreign investors to stimulate economic growth and socioeconomic development. He outlined key areas for collaboration, including education, agriculture, entertainment,…

Jan

12

2024

By David Okoye

Federal Government Empowers MSMEs Through Loan Access Training

NewsEconomy, Nigeria

The Federal Ministry of Industry, Trade and Investment has initiated a capacity-building training program in Bauchi, targeting micro, small, and medium enterprises (MSMEs). The focus is on enhancing participants' literacy in accessing loans and credit facilities in Nigeria, supporting the growth of their businesses. Evelyn Ngige, the ministry's permanent secretary, highlighted the importance of the training in providing practical insights into the realities of financial services in the country. The program aims to guide MSMEs in identifying the best funding options available for their businesses. Ngige emphasized that key policy programs for MSMEs' development, aligned with the ministry's statutory responsibilities,…