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Mass Metering: We’ll Meter Nigerians In Good Time Despite Delay – FG

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BY ABAH ADAH  | Federal government has said that the ongoing National Mass Metering Programme (NMMP) targeted at providing free smart meters to six million electricity consumers nationwide is on course and would be completed on schedule despite the delay in take-off of the project. In a telephone chat with LEADERSHIP, special adviser to the […]

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Poor countries need billions for vaccination – World Bank president

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Overcoming the economic consequences of the coronavirus pandemic requires international cooperation and debt reduction in poor countries, according to World Bank President David Malpass.

This is what the head of the global finance and development organisation told the Italian newspaper La Stampa ahead of an online meeting of the G20 group on Friday.

“Some of the countries are seeing a strong recovery now.

“That’s going to help everyone else – we all benefit from that,” Malpass explained, referring to the global economy.

“But in order to actually have a resilient recovery, we need the growth to come from the poorer countries.

“One key element of this is on the debt side – to have the debt levels become more sustainable, that means they need to be lower,” Malpass added.

This is important, he said, so that these countries can channel resources into education, health, and climate.

On vaccination programmes, Malpass said the World Bank was working hard to supply poorer countries and accelerate vaccination there.

“I hope to have more than 3 billion dollars of committed vaccination funding by March and April.

The G20 finance ministers and central bank governors are to meet for deliberations via video link on Friday, with no concrete results expected to be released.

U.S. Treasury Secretary Janet Yellen recently spoke out in favour of increasing the financial clout of the International Monetary Fund to help poorer countries battling the pandemic.

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Jaiz Bank MD Usman Emerges NIFIAN First President

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By Our Correspondent The Non-Interest Financial Institutions Association of Nigeria (NIFIAN), yesterday in Abuja elected the managing director of Jaiz Bank Plc Hassan Usman as its pioneer president. Usman was inaugurated alongside other six new executive members to steer the affairs of the umbrella body of all corporate organisations offering non-interest financial and related services […]

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South West GDP Worth Over $80bn — Odua Investment

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By Our Correspondent With a population of over 40 million people, the South West Gross Domestic Product (GDP) is estimated to be worth over $80 billion. This was part of the revelations by the Odua Investments Company Limited at the inauguration of the newly appointed board of directors of South West Agricultural Company Limited (SWAgCo), […]

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