Skip to main content

UK announces £70m programme to create jobs in Nigeria

The UK Government has announced a new £70 million programme to create 100,000 jobs in Nigeria says the Minister of State for Africa, Harriett Baldwin.

Baldwin said this during a business event as part of the activities for Prime Minister Theresa May’s visit to Nigeria on Wednesday.

Baldwin, who led a business delegation to the event, said that the programme would raise the income of three million people from the poorest parts of Nigeria.

“We are here today to talk about technology links between the UK Fintech sector and the Nigerian Fintech sector and will bring inward investment in terms of this important sector of technology.

“Today, it is all about celebrating those links through technology and I am very excited that the Prime Minister is announcing today a new £70 million programme that will create some 100,000 jobs in Nigeria and will also raise the income of three million people from the poorest parts of Nigeria.”

The minister said that the event was celebrating the role of growing businesses and entrepreneurs and also highlighted the partnerships of both countries in the area of technological development.

She added that the delegation consisted of various UK businesses were willing to invest “the kind of capital that creates jobs”.

Vice President Yemi Osinbajo and the Ministers of Finance and Power, Works and Housing, Kemi Adeosun and Babatunde Fashola respectively, attended the event.

Osinbajo said that the Federal Government was keen on driving technology development in the country in support of the government’s economic growth plan.

The vice president said there was the need to create the right environment for technology companies to thrive and further gave an assurance of the government’s commitment to support innovation in the country.

“I think just looking at some of the start-ups that we see today, many of them started while the recession was on and they proved, by just a number of jobs, value and wealth created, that this is the future starting today.

“This is why we have started up first with the creativity and technology advisory group; many of these start-ups are members of this group where they help to formulate policies with Federal Government policy makers especially in fintech, which are some of the new areas we need to formulate policies.”

Comments

Post a Comment

Popular posts from this blog

Vulvar Care Tips

Vulva Care Maintaining a healthy vulva and vagina will help prevent infections and discomfort. Unusual changes in vaginal discharge is a sign that there might be an issue. Why is vulvar and vagina care important? Many women experience uncomfortable, vaginal infections (vaginitis) at one time or another. The area around the entrance to the vagina (vulva) can also become irritated. Steps can be taken to relieve and prevent vulvar discomfort and vaginal infections. Not all vaginal infections are alike and home treatments can worsen some types. If you have any concerns about your vulvar or vaginal health, or notice unusual changes in vaginal discharge, contact your healthcare provider if the problem persists. What is the vulva? The vulva is the area of female sex organs that lies outside of the vagina. These organs include folds of sensitive tissue called the labia (labia means "lips"). The labia has two parts. The outermost folds are called the labia majora. A secon...
Post a Comment
Read more

CJN Tanko unveils panel to hear Atiku’s appeal against Buhari

The Chief Justice of Nigeria, Ibrahim Tanko Mohammed is presiding over the 7-man panel that will hear the appeals filed by the People’s Democratic Party (PDP) and its presidential candidate, Atiku Abubakar, challenging the victory of President Muhammadu Buhari at the February 23 poll. Other members of the panel are Bode Rhodes-Vivour, Amiru Sanusi, Uwani Abaji, Ejembi Eko, John Inyang Okoro and Olukayode Ariwoola. Atiku and his party are challenging the September 11 judgment of the Justice Mohammed Garba-led Presidential Election Petitions Tribunal which affirmed President Buhari’s victory at the polls. The appeals hearing has generated some controversies especially due to the silence of the Supreme Court on the justices that would constitute the panel, with the Coalition of United Progressives Party (CUPP) demanding the use of seniority in selecting them. A senior member of Atiku’s legal team, Chief Chris Uche (SAN), told reporters that they considered it strange that as at ...
Post a Comment
Read more

NNL: Sanni dumps Saraki Boys

Tunde Sanni, head coach of the Abubakar Bukola Saraki (ABS) FC of Ilorin has resigned, Coordinator of the team, Idris Musa, said on Monday. Musa told the News Agency of Nigeria (NAN) in Ilorin that Sanni had turned in his resignation letter later after a meeting with the team’s Director of Football, Alloy Chukwuemeka. After the meeting, Chukwuemeka and Sanni refused to comment on the matter. The club’s U-15 coach, Taofeeq Babatunde, has been drafted to assist the Assistant Coach, Suleiman Quadri, pending when a substantive manager will be appointed. His resignation may be due to recent results, which were not in favour of the Saraki Boys. The team lost to Kebbi United 3-2 on penalties after 1-1 draw during regulation time in the round of 64 encounter of the Aiteo Cup in Minna. The Saraki Boys also lost 3-0 to Mighty Jets of Jos and drew 0-0 with the Jos-based side in the return leg on Wednesday in Ilorin at Bet9ja Nigeria National League’s (NNL), Match Day 10 encounter. ...
Post a Comment
Read more