Tag: world bank

  • Why we conduct EIAs on projects, by World Bank

    The World Bank has urged its Project Management Unit with the Transmission Company (TCN), to always find out what effect its projects have on communities where its power projects are being implemented.

    The Coordinator of Environmental, Resettlement and Social Unit (ERSU), of the World Bank  Aromeh Adole, urged stakeholders, including members of the civil society organisations and the media to volunteer their candid opinion about the TCN, to the World Bank Group.

    Adole, who spoke to the press, in Abuja, said in carrying out these projects, the bank is aware that the projects will have impacts on the communities where these projects are executed.”

    He recalled that they had problems in the past with their projects because they did not consult enough with the community.

    He said the World Bank  has told the NEGIP to consult with the communities, and also engage the media, insisting that the people need to know “what you are doing and they need to be carried along. That is why we are holding this consultation to hear from the communities how our projects are impacting in them.”

    Adole said  NEGIP was having issues with communities in 9th Mile in Enugu State as a result of discussion with the wrong people before the genuine owners of the location later emerged to evict the contractors from the site.

    He said that the consultation forum was therefore predicated on the experience and to explain to the stakeholders what they are doing.

    He said the World Bank has always insisted on the projects having their Environmental Impact Assessment (EIA) before the commencement of the execution.

    Adole said NEGIP is working closely with the Federal Ministry of Environment and the EIA is the standard requirement by the World Bank.

    He said: “If the Federal Ministry of Environment does not clear the environmental aspect of your project, the bank will not spend one Naira on it,” pointing out that there was a particular project that was concluded without the environmental aspect which the World Bank rejected upon submission on the basis of EIA.

    “We have  four project implementation units now that are implementing projects that are funded by four donor agencies: The Nigerian Electricity and Gas Implementation Project (NEGIP) that has gathered us here today is being funded by the World Bank,” he said, adding, “we have other PIUs, there is one that is being funded by the French Development Agency and  another that is being funded by the Islamic Bank and yet another that is being funded by African Development Bank.

    “These are project implementation units that are implementing projects that are being funded by all these donor agencies and the aim is to ensure that we don’t have issues of delay in disbursement, in making payments after signing contracts.”

    Adole said the bank is working with donor agencies and all the funds are available from day one. You don’t need to start waiting for appropriation and the budgeting process which takes a long time.

     

     

     

     

     

     

  • World Bank rates Nigeria PPP high

    World Bank rates Nigeria PPP high

    Nigeria is one of the top four leading voices in Public Private Partnerships (PPP) in the 2017 ranking of the World Bank Group (WBG).

    Communications Officer for Infrastructure, PPPs and Guarantees Group of the WBG Ms Yelena Osipova-Stocker, stated this yesterday.

    She described 2017 as a busy year in the world of infrastructure and public-private partnerships at the World Bank Group:

    Yelena said Nigeria’s Infrastructure Concession Regulatory Commission (ICRC) came top four in the Leading voices in the field category .

    She said Nigeria was recognised for being the first country to launch the PPP Contracts Disclosure Web Portal.

    Acting Director-General, ICRC, Mr Chidi Izuwah, said the portal had improved investor confidence in the country.

    He said within the first 100 days of President Muhammadu Buhari’s

    administration, he stressed his commitment to attracting the private capital and expertise needed to address Nigeria’s infrastructure deficit.

    He said the president’s commitment led to a renewed engagement between the World Bank Group and Nigeria to enhance the attractiveness of PPP in the country.

    Izuwah said the portal helped to fulfill President Buhari’s goals

    of fostering transparency and accountability in PPPs, to attract

    the much-needed foreign capital and expertise.

    He said this would help scale up Nigeria’s infrastructure development through PPPs and promote sustainable growth and development.

    “One major PPP transparency initiative is the study conducted by the World Bank Group’s PPP team between September 2016 and April 2017, using the Framework for Disclosure in PPPs.

    ” The team came up with a PPP Disclosure Diagnostic Report for Nigeria that examined the political, legal and institutional environment for disclosure of PPPs,” he said.

    Izuwah said that the report made specific recommendations to improve disclosure in Nigeria by creating an enhanced framework for the scheme, applicable to all Federal Government PPP contracts.

    On Sept. 22, 2017, Vice President Yemi Osinbajo launched the portal, sponsored by the World Bank and the ICRC.

    The portal encourages proactive disclosure of contract agreement between the government and its contractors on PPP projects.

    It was expected to provide information to citizens and relevant stakeholders such as contract title, supervising government agency, name of private concessionaire, contract sum and regular progress report on projects.

    It is part of measures introduced by the present administration to ensure greater transparency and openness in all areas of governance in Nigeria.

  • World Bank programme boosts agribusiness

    World Bank programme boosts agribusiness

    The Lagos State Commercial Agriculture Development Project (CADP) is helping to achieve the World Bank’s twin goals of ending poverty and boosting prosperity by creating new agric entrepreneurs. DANIEL ESSIET reports.

    Nurudeen Adekunle, a Physiology Graduate, has been searching for jobs without any success until he saw the advert of the Lagos State Commercial Agriculture Development Project (CADP) announcing opportunities in agri-business for graduates.

    The World Bank-Assisted-CADP is aimed at strengthening agricultural production systems and facilitating access to market for participating small and medium scale commercial farmers. It supports the commercialisation of agriculture production, processing and marketing output among small and media-scale commercial farmers and agro-processors.

    Adekunle applied and got the job. He was trained on poultry business.

    At the end of the training, he was given a starter pack which include cage (for the birds), feeds, generating set, crates to pick the eggs, shovels, and wheel barrows.

    Today, his farm is a small scale success story. Adekunle said the poultry business has transformed his life. He makes a lot of money from selling eggs and mature birds. He supplies chicken to individuals, supermarkets and hotels. Not only has he been able to find a sustainable means of livelihood, he has now money to take care of his parents.

    According to him, “the CADP initiative is very commendable which focus is to create employment and encourage participation in agriculture. I must commend the Lagos State government and the World Bank for this”.

    Another beneficiary is Miss Ronke Parker, a science graduate. She knew about the project from a newspaper. She picked the form, filled it and was selected. He received training in fish farming.

    She had one month training at the Nigerian Institute for Oceanography and Marine Research (NIOMR), Victoria Island, Lagos. She was awarded a certificate on completion of the training. Thereafter, she registered a company.

    The initial cost was N2.5 million. But amount was not given to her in cash. Instead, she received equipment.

    According to her, CADP provided her all the equipment, fish input and quality fish feed.

    She also got automatic fish grader (sorting machine). Several service providers came to her, providing everything she needed for the business. Today, she  has set up a fish farming business.

    Miss Parker said CADP trained her on agric business.

    One difference the programme has made among fish farmers is  ending the era of traditional method of fish-smoking that sees women spending many hours tending to fish laid out on mesh over smoking coals. That is changing with the introduction of smoking kilns. The technology also helped Miss Parker   to save time.

    Before farmers spend about two days drying and smoking the fish. Now, it takes about seven hours to finish it. With CADP, her dreams are becoming a reality. She expressed gratitude to the state government and those handling the project.

    Najeem Olalekan Gbadamosi is elated at the opportunity given to him by the government. A technical school product where he studied Electrical/Electronics Engineering, he is into Aquaculture value chain under the scheme.

    “I got information about the project from a newspaper and a Television programme on LTV (Lagos Television). I got the form, filled it and I was selected. I had one month training at the Nigerian Institute for Oceanography and Marine Research (NIOMR), Victoria Island, Lagos. I was awarded a certificate on completion of the training. Thereafter, I registered a company- Starworld Integrated Farm Nigeria Enterprises- with the CAC and opened accounts (current and savings) with Fidelity Bank. Over 50 service providers came to me; they provided everything I needed for the business according to my proposal.” Gbadamosi said.

    The indigene of Lagos from Agege said he has completed first phase of his business and ploughed back the profit into the second phase.

    “The total initial cost outlay was N2.35million. But it was not given to me in cash. It was given to me in the form of input into the business. All the things I needed, they provided, which covered the running cost. For instance, at inception, I was provided with borehole, generating sets, petrol, fish, feeds, etc. I started with 1,500 fish today it is about 10,000,” he said.

    According to him, “the important thing is that I enjoy what am doing. Naturally, I like agriculture. It was my father that insisted I should study Electrical Engineering because of his own background. I do not regret it though, because I am using the experience in my farm. I do all the electrical and technical work by myself; so, it is good for me.”

    So far, most of his clients are home owners. He believes he is on the right track and does not waiver in his determination to succeed. While fish farming remains a largely untapped market with a few incentives, he has decided to be a trendsetter and beat his own path in the industry.

    He was excited about the project, adding that they were well- equipped and capable of achieving great milestones while scaling their impact.

    Mrs. Funmi Ayoola , a Marketing  graduate of The Polytechnic, Ibadan, based in Opesa, Iyana Ipaya,  is one fish farmer whose story inspires. She, like her peers, had looked forward to secure a white collar job. She left with no regular source of income for some years.

    Mrs.  Ayoola, a middle age woman , started fish farming business  after she learned about the Commercial Agric Development Project’s call for expression of interest from  an announcement  on  Radio Lagos. She  applied and was  selected for  aquaculture. She was shot listed for training. After the training, Mrs.  Ayoola was supported with seed grants that helped her set up a farm.

    She was  set up with two collapsible tanks. Other items put in place for a successful and smooth running of the fish production by CADP at her farm include borehole system, generator set, feeds among others.

    “I have benefited greatly from CADP. We got collapsible tanks which reduce stress of mobility. “If I decide to change location today, my business would still continue because all I have to do is find a way of moving my fish and my collapsible fish pond. The collapsible fish pond is an improved fish rearing pond system.

    ‘‘I’m not even thinking about job search again.  Mrs. Ayoola said that the entire exercise was transparent and very professionally done,’’ she said.

    She is earning something from the business. This has not only made her feel self-assured, but also more accepted by her community.

    With a secure source of income, she now knows that she can feed her family, send her children to school, and sustain her livelihood. She feels empowered.

    For Olamielekan Otun, a beneficiary of poultry, life could not have been better. An agriculture graduate of University of Maidugari, Borno State, Lekan, Chief Executive, Freash Eggs Farms, a poultry processor,based in Alapado, Lagos learned about the in the newspapers. He picked the form at CADP office in Oko Oba, Agege. After completing the form with necessary documents attached, he  was shot listed and sent among other lucky individuals for a training at Epe.

    “My experience since then has been a wonderful one. “It has not only been a rewarding experience, I am continuously learning every day,” he said. From the  proceeds of the business, he is able to feed his  family and am hoping that the future will be brighter as he get more customers to  buy  his processed children.

    The CADP has changed the story of people  such as Lekan. It is the first of such that will empower qualified individuals with seed grants, giving agriculture entrepreneurs 100 percent of what they require to start their agro ventures. Although the project is aimed at helping participating small and medium scale commercial farmers to access improved technology, infrastructure, finance and output markets, the women and youth empowerment segment of post restructuring has proved to be a huge success.

    Apart from the poultry business, he also keeps pigs. According to him, the pigs take a short time to mature while they also breed rapidly.

    He advised the youth not to shun farming as demand for food is always rising, which means ready market. He appealed to the government to continue with the project to support youth entrepreneurship. This is the story among all the CADP Women and Youth Empowerment Programme beneficiaries.

    The seed grant has helped in setting them on the path of success as many of them are now smiling to the banks with proceeds from the CADP investment in their lives.

    CADP Project Coordinator Mr. Gbenga Ogunyinka said 45 aquaculture production beneficiaries received input support ranging from collapsible tanks, boreholes, scaffolds and tanks, juvenile fishes, weighing scales, feeds and generators, among others.

    He said 33 aquaculture processing beneficiaries were supported with smoking kilns, table size fish, packing materials, shed, charcoal, sealing machines and freezers.

    Apart from introducing fish farmers to new techniques supported by the World Bank, Ogunyinka said some of them have forayed into the international market.

    According to him, branded smoked fish produced by fish farmers in the state are sold abroad.

    In Lagos, according to findings, the project supported the rehabilitation of 16 farm access roads of 34.9 kilometres across the state, among other achievements.

  • Taraba: 1,500 teachers deployed in 300 primary schools

    Taraba: 1,500 teachers deployed in 300 primary schools

    The Taraba State Education Programme Investment Project Additional Financing ( SEPIP ) on Wednesday said it had deployed 1,500 teachers in 300 primary schools in various villages across the state.

    The Programme Coordinator, Mr Mohammed Suleiman, disclosed this at a news conference in Jalingo.

    He said the move was aimed at reaching out to the Internally Displaced Persons ( IDPs ) and other inaccessible children in the state.

    “Taraba currently has over 285,000 children out of school that included the children of the IDPs.

    “Our target is to train more teachers and motivate them to go into the villages to teach these children.

    “We have teachers; but most of them prefer to stay in towns. With motivation, more and more teachers are now willing to be trained and deployed in villages,” he said.

    Suleiman also said that the World Bank supported Better Education Service Delivery for All ( BESDA ) would soon take off in the state.

    Read also: Buhari to commission special school in Nasarawa

    The coordinator said BESDA would grant equitable access to education for out-of-school children and improve their literacy level, especially, in their early grades.

    He said that when fully operational, the programme would reposition enrolment at the elementary level in the state.

    Suleiman commended Gov. Darius Ishaku and the World Bank for their prompt payment of counterpart funds for the project.

    SEPIP is a World Bank assisted programme for schools in some Northeastern states ravaged by the Boko Haram insurgency.

    NAN

  • World Bank, Fed Govt discuss power sector recovery programme

    World Bank, Fed Govt discuss power sector recovery programme

    The World Bank Group and the Federal Government have concluded two days of high-level consultations on the Power Sector Recovery Programme (PSRP).

    A joint statement by the World Bank and the Federal Government through the Special Adviser, Communications to the Minister of Power, Works and Housing, Hakeem Bello, said the PSRP is a comprehensive programme of policy, legal, regulatory, operational and financial interventions that will restore service efficiency and long-term power sector viability.

    The measures that will be implemented through 2021, are aimed at improving transparency, service delivery and re-establishing investor confidence, and hence, investment in the sector. Accelerating electricity access including through off-grid public private partnerships is an important component of the PSRP.

    The meetings assessed progress in implementing the Programme and followed on similar high-level meetings that took place in Abuja in December 2016 and in Washington D.C during the 2017 World Bank and IMF Spring Meetings.

    The Federal Government clarified progress made to date and next steps on key components of the PSRP.

    The federal government has prepared a financing plan to ensure financial sustainability of the power sector and included it in the Medium-Term Expenditure Framework and Fiscal Strategy Paper submitted to the National Assembly in October 2017.

    The financing plan will be monitored regularly and incorporate contingencies should the sector shortfall deviate from the base case assumptions until retail tariffs are adjusted in line with improved service delivery to attain cost recovery by 2021.

    The PSRP envisages measures to contain costs and carefully manage contingent liabilities to ensure cost-reflective and affordable tariffs. In this context, it was agreed that existing generation infrastructure assets will need to be optimized before the sector assumes new financial obligations that could not be supported.

    Furthermore, least cost planning for the interconnected grid system will be institutionalised and its governance arrangements elaborated in the PSRP. The federal government anticipates that all arms of government and the National Assembly will continue to advance the programme.

    The parties agreed that the process of “Market Reset”, redefining the revenue requirement of the sector based on new performance parameters and detailed investment plans, will be implemented rigorously, transparently and in a highly consultative manner.

    A communications campaign has commenced that will facilitate the participation of all stakeholders including consumers. The Market Reset is to be led by the Nigerian Electricity Regulatory Commission (NERC) whose independence is recognised by the federal government and which needs to have sufficient resources with which to discharge its mandate.

    The World Bank delegation informed the federal government that it was pleased with progress in implementing the early actions of the PSRP. “The World Bank is committed to assisting the federal government with Programme implementation working closely with the PSRP Implementation Monitoring Team, which reports directly to the Vice-President. The World Bank will continue the preparation of the proposed $1 billion Performance Based Loan (PBL) to support the Programme.

    The federal government and the World Bank Group agreed on the necessary next steps to present the PBL to the World Bank’s Board of Executive Directors for their consideration.

    “This administration is fully committed to implementing the PSRP.  We believe that the PSRP is the clearest pathway to reform the power sector and its success is contingent on a strict adherence to performance and programme implementation monitoring which I will continue to give a priority from my office” said Vice President Yemi Osinbajo.

    “PSRP  is  an  intervention  that  we  have  been working  on in collaboration  with  the  Federal  Ministry  of Power,  Works  and  Housing  and  the  World  Bank.  We are very confident that this laudable and vital programme will make a fundamental difference in the economy in particular and the country in general.” said Mrs. Kemi Adeosun, Minister of Finance.

    The Minister of Power, Works and Housing, Babatunde Fashola, said “The federal government is committed to addressing the challenges in the power sector as part of its efforts  towards  achieving  economic  recovery  and  accelerating  growth.”

    On his part, Riccardo Puliti, World Bank Senior Director for Energy and Extractive Industries, observed,  “The discussions we had with the Government demonstrated that there is strong momentum in the power sector  and  government  commitment  to  taking  the  critical  next  steps  that  will  allow  us  to  present  the Performance Based Loan to our Board of Executive Directors.”

     

  • ‘How govt plans to get $5.2b World Bank loan’

    ‘How govt plans to get $5.2b World Bank loan’

    The Federal Government  is adopting ‘’home-grown’’ strategy, to seek  $5.2billion loan from the World Bank, the Minister of Power, Works and Housing, Mr Babatubde Fashola, has said.

    He said the loan will be used to improve  electricity generation, distribution and transmission in the country, when finally approved  by the World Bank.

    Speaking at an interactive forum with the media and members of civil society in Lagos recently,  Fashola said the loan will help the economy to recover from its contraction, once it is well utilised.

    Under the terms for seeking the loan,  Fashola said the private sector  arm of  World  Bank would invest $1.3 billion in power projects and electricity distribution companies, while the bank’s political insurer known as the Multilateral Investment Guarantee Agency would provide equity of $1.4 billion for gas and solar power programmes.

    Also, the lender will provide $2.5billion ro improve distribution of power, expand transmission capacity and increase access to electricity in  rural areas.

    According to him, the home-grown strategy requires that government present a paper on the problems, inhibiting the growth of  the sector.

    He said the idea has endeared the Federal Goverrnment to the World Bank, which has promised to support the sector financially, when times come.

    He said the bank was impressed   that the government understands the peculiarities and the magnitutude of the problems facing the industry and the capacity to proffer solution to them, when the matter was tabled before it.

    Fashola said: “The home-grown initiative has paid off, as the World Bank was satisfied with the level  of  understanding of the challenges in the sector by the Nigerian government and has in the process  promised to support the Nigerian  govenment on the issue. The bank  told the government that it knows the problems facing the sector and that it would not be out of place, if the government is left to provide a home-grown soution to the problems. It is on the basis of this that the government hopes to get the needed loans for the sector soon.”

    He said the government  hopes to continue to leverage on its understanding of the probelms in the industry to get the World Bank loan.

    According to the minister, prior to  meeting the World Bank on the issue, he, the State Minister of Power and the Permanent Secretary in the ministry met and asked questions on the probelms inhibiting the growth of the sector and how to solve them.

    “After seeking the inputs of other stakeholders in the value chain, we arrived at the conclusion that the sector has not delivered on its promise, four years after it was privatised. Everbody knows that the power distribution companies (DisCos) are facing problems such as shortage of meters, huge bills, among others. They know that the DisCos do not have enough money to provide meters, transformers and other equipment needed to supply power to the customers. They know that the sector has not delivered on its promise, since privatisation,” he added.

    Fashola said the government, armed with these information presented them to the World Bank.

    He said the issue of understanding the structures of World Bank, is another factor that the government is banking on to get the loan.

    He said, prior to the evolvement of home-grown method, the sector held a wide consultation with stakeholders, including the government.

    He said through the consultation, stakeholders were able to understand the peculiarities and magnititude of the problems in the electricity industry, adding that the development has helped the sector to provide a formidable force to the World Bank on the issue of accessing  the loan.

    ‘’ Our knowledge of the industry is one thing that has endeared us to the World Bank. The bank has promised to assist us financially, after seeing the level of our understanding,’’ Fashola said .

    According to him, the government knows that it is only the private arm of World Bank that can easily provide loan to the power sector and, did not waste time in approaching the section for the $5.2billion loan.

    The minister assured that the government would get the loans for the power sector, as its able to provide strategies that cannot be easily ignored by the bank.

    Fashola said the power generation companies (GenCos) are planning to leverage on solar to improve electricity supply to customers.

  • World Bank, Sokoto Govt to expand areas of partnership

    World Bank, Sokoto Govt to expand areas of partnership

    The World Bank office in Nigeria and Sokoto state government have agreed to expand their areas of mutual cooperation so as to engender development, inclusiveness and tackle poverty among the populace.

    This development followed a meeting between Governor Aminu Waziri Tambuwal and World Bank’s Country Director for Nigeria, Mr. Rachid Ben Messaoud, at the Bank’s office in Abuja.

    Already, ‎the World Bank and Sokoto government are partnering in critical sectors like irrigation and drainage, education, rural and inter-urban roads, water supply, sanitation, waste management and health.

    A statement issued Tuesday in Sokoto by the Governor’s spokesman, Malam Imam Imam, quoted Tambuwal as saying that his administration has paid all its counterpart funding for various projects to be executed jointly by the bank and the state government, and is awaiting further action to ensure rapid implementation.

    “We have a number of projects we are implementing jointly in critical sectors like irrigation, water management, repairs of dam, health, education and others.

    “We have discussed on ways we can hasten up implementation and I am happy with the response we got from the World Bank team.
    “Importantly, we have agreed to expand the areas of our cooperation into sectors like livestock development, administration and fiscal reform among others,” he added.

    The statement further revealed that the global bank’s officials have commended Sokoto government for its commitment to full implementation of the various agreements entered into by the two entities.

    “The commitment shown by Sokoto government is commendable and reassuring. We are delighted by what has been achieved so far and we hope to create a better future together for the people of Sokoto and Nigeria,” the Country Director stated.

     

  • UNESCO, World Bank to partner on early child education

    UNESCO, World Bank to partner on early child education

    The United Nations Organisation for Education, Science and Culture (UNESCO) has commenced talks with the World Bank to expand advocacy and supports for early childhood education in the country.

    UNESCO Regional Director, Mr. Ydo Yao, who stated that every Nigerian child has right to early childhood learning said there was need for partnerships to conduct needs assessment on the Early Childhood Care Education (ECCE) Play and Resilient project, aimed at promoting basic education and enabling easy transition to primary classes.

    He disclosed this at a stakeholders meeting, held in Abuja to discuss report findings on the ECCE needs assessment conducted in Adamawa and Ebonyi States. The China-Africa collaboration project is being implemented also in South Africa and Zimbabwe.

    Responding to commitments from the World Bank representative, Dr. Tunde Adekola, who charged stakeholders to extend the study to other states, Yao said UNESCO was ready and willing to work with the Bank.

    The project was aimed at supporting states and non-state actors, challenged with poor ECCE to develop their capacity and materials production.

    Yao said: “UNESCO is not a funding agency but when we heard about you saying money is not an issue, we are very happy. As you know, we are technical cooperation agency. We initiate some ideas on technical issues that we share with government and when government sees that it is good like this project, we are very happy.

    “The government has bought into this, so the second phase is to look for partners, who will accompany us to make maximum impact on children in Nigerian as much as possible because, you have really said it, the few states we conducted the study on are not enough and all Nigerian children deserve to be taken care of.

    “I can assure you that my team and others will meet very soon, come up with a proposal so that you can accommodate us in this scaling up and majority of the children can benefit from it.”

    Adekola, who is World Bank Senior Education Specialist, urged all concerned stakeholders to replicate the study in the states, especially Kano, Jigawa, Niger, and Sokoto.

    He called for consistent capacity building for teachers in order to deliver good and quality education to the pupils.

    According to him, the ECCD is a very sustainable strategy to reduce out of school children in Nigeria. “The experience has shown, when people get closer to education, it is like air. Once you breathe in, you won’t die. You can talk about the quality of air you breathe which will determine your lifespan but in terms of existence, you need air to breathe, the same thing with education.

    “If children start breathing in very early in life, many of us who are here it’s because we are part of the experience. I will like to say ECCD can provide equity of opportunity for everybody to have same opportunities to have access and better life in the future so that things will go on,” Adekola said.

    The representative, who lauded UNESCO’s effort on the recommendations in the report restated commitment of the World Bank to addressing the situation and to solve problem of inequality and guarantee better future for the children.

    His words: “I will advise Niger, Kano, Jigawa and Sokoto State to replicate this type of study in the states. Let’s meet with the SUBEC Chairman on this so they can use it as a tool for policy dialogue. It is not by coming to Abuja and talking to people here but the real people are over there. Anything we discuss here, we are just discussing between ourselves.

    “We are ready and we will support part of the meager resources. We also have resources in additional financing to states in the north east, so we need to do everything possible to ensure they also have this type of study.”

    “We are ready to support you in advocacy, capacity building of all the relevant stakeholders of the state actors and non-state actors, federal, state, local governments and the biggest of all caregivers, the teachers themselves, Adekola added.”

    He argued that the chunk sum of budget to the sector is being spent on the teachers, thus similar value should be derived from teachers to the pupils.

  • Eight Nigerian start-ups, 12 others for World Bank’s digital programme

    Eight Nigerian start-ups are amongst 20 of the most promising African digital start-ups that will take part in the XL Africa residency, the flagship initiative of the business accelerator launched last April by the World Bank Group’s infoDev program. XL Africa is funded by the governments of Finland, Norway, and Sweden, and administered by the World Bank Group with implementation support from IMC Worldwide, VC4A, and Koltai & Co.

    The programme, which ends on November 17 in Cape Town, South Africa, will allow the entrepreneurs the opportunity to learn from their mentors and peers, increase their regional visibility, and get access to potential corporate partners and investors.

    The eight selected Nigerian start-ups that will participate in the event include Electronic Settlement Limited (FinTech, Nigeria), MAX (Transport, Nigeria), ogaVenue (Venue Platform, Nigeria), Prepclass (EdTech, Nigeria), Printivo (Printing, Nigeria), Rensource (Energy, Nigeria), TalentBase (HR, Nigeria), and Tizeti Network Ltd. (Connectivity, Nigeria).Other participating African digital start-ups include Aerobotics (Data, South Africa), Asoko Insight (Data, Kenya, Ethiopia, Ghana, United Kingdom, and Nigeria), Coin Afrique (Marketplace, Senegal and Benin), Edgepoint Digital (Jamii), (FinTech – Insurance, Tanzania),and Lynk Jobs Ltd. (HR, Kenya).

    Others are Ongair (SME Services, Kenya), Pesabazaar.com (FinTech, Kenya), Rasello Company Ltd. (SME Services, Tanzania), Sendy Ltd. (Delivery, Kenya), Snapplify (Publishing, South Africa and Kenya), Sokowatch (Delivery, Kenya), and Timbuktu (Travel, South Africa).

    The 20 successful African start-ups were selected from a pool of over 900 applicants, specialising in digital solutions for the African market, including Financial Technology (Fin-Tech), transportation, health care, education, human resources, and Business to Business (B2B).

    All companies provide a digital product or service currently available in one or more African markets and show potential to scale across the region.

    The residency will conclude with the XL Africa Venture Showcase, a regional event organised in association with the African Angel Investor Summit, in which the entrepreneurs will present their business models to a select audience of corporations and investors.

    With support from African investment groups, XL Africa will help the start-ups attract early stage capital between $250, 000- $1.5 million.”We are pleased by the interest infoDev and XL Africa generated across the continent in just a few months,” Director of the Trade & Competitiveness Global Practice at the World Bank Group, Klaus Tilmes, said.According to him, XL Africa attracted firms with high-growth potential, with many having female co-founders, and have already raised early stage investment while also demonstrating significant market traction.

    Besides, the number and quality of applications received, he said, were clear testament to the competitiveness of African start-ups and the key role they play in Africa’s growing digital economy.The selection for XL Africa was conducted by a panel of industry experts from the International Finance Corporation (IFC); implementing partners IMC Worldwide, Koltai & Co, and Venture Capital for Africa (VC4A).

  • World Bank: Two civil servants bag 105years for fraud

    World Bank: Two civil servants bag 105years for fraud

    An FCT High Court sitting in Jabi on Monday sentenced two civil servants, Mohammed Audu and Yusuf Ayodeji, to 105 years imprisonment, for fraudulent activities while handling a World Bank project.

    The convicts who were Procurement Officers in the Office of the Accountant-General of the Federation were arraigned by the Economic and Financial Crimes Commission (EFCC) in July 2016.

    Audu was docked on a 10-count charge while Ayodeji faced a five-count charge, both bordering on conspiracy, abuse of office and awarding contracts to companies in which they had interests, among others.

    The convicts were brought pursuant to Section 26 of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) Act 2000, punishable under Section 12 of the same Act.

    They were in charge of a World Bank project known as Government Integrated Financial Management Information System (GIFMIS), an economic reform governance project.

    The judge, Justice Yusuf Halilu, in his judgment, sentenced Audu to seven years imprisonment on each of the 10-count charges, amounting to 70 years.

    Halilu also sentenced Ayodeji to seven years each on each of the five-counts charge amounting to 35 years imprisonment.

    According to him, the convicts took advantage of their positions as procurement officers to perpetrate the criminal acts at the World Bank project.