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Business

FG secures $72 million from World Bank for states to develop land information systems

FG has secured $2m each for the 36 states of the federation through a World Bank-funded programme to develop their land information system.

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FG secures $72 million from World Bank for states to develop land information systems

The Nigerian government has announced that it has secured the sum of $72 million from the World Bank for the 36 states of the federation to develop a land information system.

According to Punch, this was disclosed on Monday at the Geoinformation Society of Nigeria 2020 Annual Conference in Abuja by Ogbonnaya Onu, Minister of Science and Technology, who was represented by the Acting Director-General, National Space Research and Development Agency, Francis Chizea.

READ: Remittances to sub-Saharan Africa totaled $48 billion in 2019

The application of information technology is the main driver of the recent World Bank space characteristics and responsibility programme anchored by the Federal Ministry of Finance, Budget, and National Planning.

“This programme secured $2m each for all the 36 states of the federation to develop states land information system aimed at gathering improved primary data,” he said.

He also added that the scheme is expected to create 50,000 jobs nationwide.

READ: IGR: States generate N612.9 billion in H1 2020, dips by 11.7% 

(READ MORE: UN to support Nigeria, Burkina Faso and others with $100 million to prevent famine)

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What you should know

This comes after Nigeria recently announced that it would seek a World Bank loan of $750 million to help combat the effects of the pandemic on Nigeria’s economy.

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Business

Digital ID will help drive financial inclusion – VP Osinbajo

FG to ensure a friendly business environment is created to promote ease of doing business in Nigeria.

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Digital Identification is one of the keys to driving financial inclusion in Nigeria.

This was disclosed by Vice President Yemi Osinbajo during his facility visit to SecureID, a smart card manufacturing and digital solutions company, on Tuesday.

According to Osinbajo, Digital ID would help Nigerians, especially the ones that are not financially inclusive, operate in the global space.

He also assured entrepreneurs that the President Muhammadu Buhari led administration would ensure a friendly business environment is created to aid ease of doing business in Nigeria.

He said, “Environment must be friendly for local investors first before foreign investors come in. Today marks a momentous occasion in the history of the technology and manufacturing sector, and I am delighted to be a part of it.

“SecureID Limited has proved to us with this state-of-the-art manufacturing plant that local production of smart cards at the highest quality is not only viable in Nigeria but also brings a plethora of opportunities with it for Africa.

“I must commend this indigenous company for laying the precedent for other local manufacturers to follow. I must also congratulate the founder and CEO, Kofo Akinkugbe, who through her grit and passion to contribute to the growth of the economy, has committed innumerable resources and manpower to bring this factory to fruition.

“It warms my heart to see a woman take charge and create something indelible for other young women to emulate. She is an attestation to the fact that women are dependable collaborators in our quest for nation-building.”

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The company, which recently bagged the esteemed Global System of Mobile Applications (GSMA) certificate making it the first in Nigeria and 3rd in Africa, also manufactures sim cards for telecom companies, loyalty cards for retail and security documents for public sector: driving license, national identity cards, international passports and more.

Osinbajo expressed confidence in the company to bolster local content and contribute to the growth of the economy, stating that the recent GSMA certificate and other global certificates bear glowing testimony to the level of high standards demonstrated in its production of first-rate smart cards in the country.

Speaking on the company’s recent milestone, Akinkugbe stated that SecureID strictly upholds high quality standards and protocols to manufacture an array of smart cards in line with global best practices, emphasizing that the company worked resolutely, to attain the GSMA certificate and other certificates.

According to her, the company is an attestation that local production of smart cards at the highest quality is possible in Nigeria.

“As an indigenous company, we are able to produce high quality SIM cards and at the same time, provide job opportunities for Nigerians. The government has seen it, its volume, value and growth, that we are able to contribute is something we would showcase and further prove that this can be done locally.

“On our journey, we sought and received support from many institutions, agencies, and initiatives that have been established to encourage startups SMEs and enterprises,” she said.

What you should know about SecureID

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The company recently bagged the esteemed Global System of Mobile Applications (GSMA) certificate making it the first in Nigeria and 3rd in Africa. This is an addition to its other global certifications including Visa International, MasterCard Incorporated, Verve, Card Quality Management (CQM) and ISO 9001/2015 for Smart Card Manufacturing and Personalization of credit and debit cards for all banks in Nigeria and clients in 21 countries across Africa.

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Business

FG proposes retirement age of 65 years for doctors

Ngige stated that the government wants to keep the nations health workers here in Nigeria.

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The Nigerian Government has announced that it is proposing to increase the retirement age to 65 years for normal health workers and doctors, and 70 years for consultants, in a bid to keep health workers in Nigeria.

This was disclosed by the Minister of Labour, Chris Ngige, in a meeting between the Presidential Committee on Salaries (PSC), relevant Federal Government stakeholders, Health Sector Professional Associations, and Trade Unions on Tuesday in Abuja.

What Ngige is saying about the proposed retirement age for health workers

“We have taken their proposal. The government side will firm up its own proposal and we are reconvening June 1, so that we can have an agreed hazard allowance for health workers in Nigeria.

We also discussed the issue of retirement age for health workers, being that we want to keep our health workers here in Nigeria. A lot of people are coming here to poach and take away people we have trained at very great cost.

It takes a lot of funds to train a medical doctor, nurse or even a laboratory technologist or physiotherapist. So, we want to retain them here,” Ngige said.

The Minister added that health workers could be retained for a longer period, citing a proposed retirement age of 65 for health workers and doctors and 70 years for consultants. He revealed that the FG had called back retired health workers during the pandemic, and delayed retirement age by six months for health workers to fight the COVID-19 pandemic.

What you should know

The FG’s proposal to keep health workers is a complete u-turn from an earlier strategy, as Nairametrics reported in 2019 that the Labour Minister had said he was not bothered about the decision of some medical doctors who chose to leave Nigeria to practice outside the country.

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