As part of government efforts in improving accessibility to off-grid electricity in Lagos State, Governor Babajide Sanwo-Olu has signed a memorandum of understanding (MoU) with the British Government funded Africa Clean Energy Technical Assistance Facility (ACE TAF).
 
The four-year programme being implemented by Tetra Tech International Development is to be bankrolled by the UK Government Foreign, Commonwealth and Development Office (FCDO).
 
During the signing ceremony which held recently, the governor who was represented by his deputy, Dr. Hamzat Obafemi Kadir, stated that energy improvement and access “is a key pillar of his administration’s T.H.E.M.E.S Agenda, emphasising that he would do all that is necessary to improve energy access of the citizens in the State…
 
More details through:
https://thenationonlineng.net/lagos-uk-sign-mou-to-improve-access-to-energy/
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Though cattle grazing remains a source of insecurity and in the country and disharmony among Nigerians, it has been disclosed that Nigeria cattle owners will never be able to provide 50 per cent of the country’s dairy or beef needs until they embrace ranching and modern livestock farming techniques.
 
This, experts say is because cattle that walk long distances will remain emaciated, malnourished and unhealthy to produce quality meat and large quantities of milk to meet the nation’s needs.
 
Records show that Nigeria has been importing dairy products from Europe and elsewhere for over 60 years and spends from $1.2 billion to $1.5 billion on importation of the dairy products alone every year…
 
More details through:
https://www.newtelegraphng.com/nigeriall-continue-to-import-milk-beef-until-it-embraces-ranching-experts/
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At least 35,000 jobs are to be created from the 10,000 tonnes/day methanol production plant by the Brass Fertiliser and Petrochemical Company Ltd (BFPCL). The project is being promoted by the Nigerian Content Development and Monitoring Board (NCDMB), the Nigerian National Petroleum Corporation (NNPC) and DSV Engineering and committing equity investment of $670 million into it.
 
The Executive Secretary of NCDMB, Engr Simbi Kesiye Wabote, the Group Managing Director (GMD) of the NNPC, Malam Mele Kolo Kyari, and Executive Vice-Chairman of BFPCL, Mr Ben Okoye, signed the Final Investment Decision (FID) on behalf of their organisations in Abuja at the weekend.
 
Speaking at the event, the Minister of State for Petroleum Resources, Mr Timipre Sylva, said that the project was part of the strategic efforts to maximise value and monetise the country’s vast gas endowments…
 
More details through:
https://www.sunnewsonline.com/670-million-brass-methanol-plant-to-create-35000-jobs-fg/

Business Community has said that Nigeria will continue to account for the largest share of new housing units in Africa and the Middle East regions, due primarily to its large population and fast urbanisation rate. The report noted that the fastest gains were projected for Nigeria, South Africa, and Iraq, as these markets rebound from weak performances posted during the 2014-2019 period.
 
It further revealed that homebuilding activity in the Africa/Mideast region would continue to be driven by urban population growth, increased standards of living, and – aside from 2020, when the region will see a recession brought on by COVID-19 – healthy economic expansion. The number of existing dwellings in the Africa/Mideast region totaled 398 million units in 2019, accounting for 18 per cent of the global housing stock.
 
The report observed that some trends are common among national housing sectors throughout the region. In the first instance, over 72 per cent of the regional housing stock consists of single-family dwellings, reflecting the large rural population, especially in sub-Saharan Africa…
 
More details through:
https://www.newtelegraphng.com/report-nigeria-takes-largest-share-in-new-african-housing-units/
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Kano State Government Thursday began payment of compensation to landowners to kick-start the federal government’s $10.25 million (N4 billion) solar project for the industrial hub in the Kumbotso area of the state.
 
The project, a 10 megawatts (MW) solar power, was conceived by the federal government as a result of the importance of generation and supply of electricity in the country to the economic development of the states.
 
While handing over the over N42 million compensation to the over 100 beneficiaries at the palace of the District Head of Kumbotso, the contact person of the project in Kano, Dr. Jibrilla Mohammed said the contribution of the state government was to provide the necessary facility including the over 43 hectares of land for the establishment of the project…
 
More details through:
https://dailytrust.com/fg-begins-n4bn-kano-solar-project
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Nigeria’s automotive startup, Autochek, has expanded its operations to Ghana. Building on the work Cheki Ghana (acquired by Autochek in September 2020) has done over the last decade, the technology company is combining technology and data to create a single marketplace for car sales, car loans and car repairs in Ghana.
 
A report by Africa Business Community said consumers in Ghana could now buy cars and access car loans via the Autochek app or website, knowing that every listed car has undergone a 150-point inspection process.
 
The inspection service can also be used for cars outside the Autochek network. Autochek will also enable more effective sourcing and affordable car loans, as well as car repairs and warranties…
 
More details through:
https://www.newtelegraphng.com/nigerias-automotive-startup-expands-operations-to-ghana/
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Notwithstanding anticipation of slow growth, reflecting the lingering effects of the COVID-19 pandemic on the economy and prospects of stricter containment measures amid a new strain of the virus, the Lagos Chamber of Commerce and Industry (LCCI), has projected a return to positive growth in the second quarter (Q2) of this year.
 
According to the Chamber, Nigeria’s economic growth trajectory is hinged on effective management of the pandemic locally and globally; widespread vaccine rollout; direction of global oil market, and quality of fiscal, monetary, trade and regulatory policies.
 
Indeed, LCCI noted that accelerating the pace of economic recovery requires the fiscal and monetary authorities to be well-coordinated to promote growth-enhancing and confidence-building policies that will encourage more private capital inflows into the economy…
 
More details through:
https://guardian.ng/business-services/economy-projected-to-recover-in-q2-in-absence-of-major-shocks/
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U.S.-based Cable News Network (CNN) International has highlighted Nigeria’s achievements in the tech space featuring the country’s tech entrepreneurs on its Inside Africa programme. The programme first showcased Olatunbosun Tijani, the brain behind one of Africa’s biggest networks of tech talent.
 
Tijani founded the Co-Creation (CC) Hub in 2010 as a meeting place for innovators in the heart of Lagos. He spoke about his inspiration, saying that “science and technology can leapfrog development across Africa and there are so many smart people on this continent, we just need to build a platform that will enable them to create.” Some of CC Hub’s successful partnerships include a healthcare logistics company that delivers lifesaving blood, a digital security platform promoting internet safety, and Google-sponsored ‘Pitch Drives’ that help introduce African start-ups to Asia…
 
More details through:
https://www.newtelegraphng.com/cnn-highlights-nigerians-achievements-in-tech-space/
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Air Peace airlines will today welcome the first of 10-brand new Embraer 195-E2 aircraft as part of its fleet expansion programme. The new aircraft, the first of such in scheduled commercial operations in Nigeria, is seen as a game-changer for the local industry that has always been dependent on used equipment and dubbed high-risk.
 
The state-of-the-art mid-range equipment is expected to arrive to a fanfare at the Nnamdi Azikiwe International Airport, Abuja, at 1 p.m. today. The aircraft has 124-seater jet in dual class and 146-seater jet in single class configurations…
 
More details through:
https://guardian.ng/business-services/aviation-business/air-peace-welcomes-brand-new-embraer-jets-widens-operations/

The Full-time MBA programme of Lagos Business School has been ranked among the top 100 in the world according to The Economist’s WhichMBA? 2021 ranking.
 
The Economist 2021 ranking evaluated full-time MBA programmes from 90 business schools across the world based on four broad criteria, including open new career opportunities, Personal development and educational experience, Salary, and Potential to network.
 
According to a statement, the Economist collated data from eligible schools on areas such as the percentage of graduates who receive a job offer after 3 months of graduation, ratio of faculty to students, average GMAT score, student and faculty gender diversity, among others…
 
More details through:
https://www.thisdaylive.com/index.php/2021/01/28/lagos-business-schools-mba-ranked-top-100-in-world-2/