Delta Earmarks N378 Billion As Budget Estimate For 2021

ASABA/Nigeria: The Delta State Executive Council, today, approved a draft estimate of N378 billion as budget for 2021 which would be presented to the state House of Assembly next week for approval. This was part of resolutions reached at the State Executive Council meeting presided over by the state governor, Senator Ifeanyi Okowa. In a post Exco briefing, the Commissioner for Information, Mr. Charles Aniagwu said that about N174 billion would be used for recurrent expenditure while N203 billion would be channelled into critical infrastructure, emphasising that the budget would…

CONNECTING PEOPLE WITH FINANCE: Building Smarter Bank Branches

The Coronavirus has accelerated the need for mobile and self-service banking, with traditional branches seeing a fall in customer traffic, meaning their customer acquisition has also significantly declined. Though it may be tempting to conclude that this will lead to bank branches becoming obsolete, that is not the case. Instead, the development of new technologies – such as artificial intelligence (AI) and 5G – will empower bank outlets by allowing them to become intelligent, being assigned new functions and different objectives. Despite the rapid development of mobile services, branches remain…

DELSU VC Urges Deltans to Embrace Fish Farming

ABRAKA/Nigeria: Deltans, especially youths have been charged to channel their energies into agricultural production in order to contribute and add value in the economi growth of the state. The charge was given by the Vice Chancellor, Delta State University, Professor Andy Eguypenga recently when he visited the United Livestock Farmers Association in Anwai campus, Asaba during an inspection visit to the place. Professor Egwuyanga, who was conducted round the various poultry farms in the campus, applauded the group for their hard work considering the fact that the days when people sit and…

Stakeholders Push To Unlock Africa’s Agricultural Mechanization Potential

ABUJA/Nigeria: Major stakeholders in agricultural mechanization have called for the adoption of a value chain approach to mechanization as one of the best options towards attaining high productivity in agriculture on the continent. Speaking during a webinar organized by AATF, recently, the stakeholders that included experts in agricultural mechanization, agribusiness, digital agriculture and representatives of global agencies like the World Bank, African Union, the National Agriculture Research Organization (NARO) of Uganda, and private sector players agreed that smallholder farmers are key players in the value-chain system that can engender growth…

African Development Bank wins Global Award for COVID-19 Cond Issue

ABIDJAN/Ivory Coast: The African Development Bank was selected in a poll of bond market players as the best issuer in 2020 of a COVID-19 bond for its $3 billion dollar-denominated Fight COVID-19 social bond issued on March 27, 2020. The winners of the GobalCapital Bond Awards 2020 were announced on 30 September at a ceremony held virtually for the first time in 12 years. GlobalCapital is a leading source of information on global capital markets with coverage of all market segments. “We are grateful for the market’s recognition of the…

Okowa Lauds Buhari for Railways Development

AGBOR/Nigeria: Governor of Delta, Sen. (Dr) Ifeanyi Okowa, has commended President Muhammadu Buhari for his bi-partisan approach to governance which engendered the completion of the 326-kilometre Itakpe-Ajaokuta-Warri rail line. Okowa gave the commendation at the inauguration of the Commercial Operations of Itakpe-Ajaokuta-Warri Rail line and Railway Ancillary Facility Yard at Goodluck Jonathan Railway Complex, Owa-Oyibu, Ika North East Local Government Area, Delta. He said that the rail line which was conceived in 1987 under the military administration of General Ibrahim Babangida suffered serious delay until it received attention from the administration of…

Delta Invites Applicants as Enumerators for Enterprise Empowerment Programme

ASABA/Nigeria: The Delta State Government in partnership with the Bank of Industry, (BOI), is inviting applications from unemployed graduates resident in the 25 local government areas of the state. A statement endorsed by the State Director of Information, Mr Dona Obuseh, said qualified applicants will serve as Delta State Enumerators for Enterprise Empowerment Programmes (DSEEP). According to the statement, the exercise is for Deltans resident in the state and within the age range of 24-35 years. The statement said interested applicants are expected to log into the application portal https//boi-agents.plax.ng/register-097465…

Experts Underscore Role of Financial Services in Funding MSMEs

ASABA/Nigeria: Stakeholders have hinged access to finance as the ability of individuals or enterprises to obtain financial services, including credit, deposit and other risk management services. The assertion was made yesterday during the third edition of the COVID-19 recovery webinar series tagged “Accessing Finance to Improve your Business during the COVID-19 Era” organized by the Delta State Micro, Small and Medium Enterprises Development Agency. The stakeholders included Dr. Kingsley Emu, Economic Adviser to the Governor of Delta State, Mrs. Stella Okotete, Executive Director, Business Development, NEXIM BANK and Mr. Jerry…

COVID-19: Participants at AfDB Webinar For Asian Audiences Says Africa Still A Prime Investment Destination

ABIDJAN/Ivory Coast:  Participants at a webinar to present the African Development Bank’s African Economic Outlook Supplement to Asian audiences on Monday have endorsed the report as critical for post-COVID-19 Africa. The supplement revises the growth projections and outlook for Africa for 2020 and 2021 and highlights the impact of COVID–19 on Africa’s socio-economic landscape. It recommends policy responses to safely reopen economies and accelerate growth recovery. “Despite the COVID-19 pandemic, investment opportunities still abound in Africa,” said Tetsushi Sonobe, the Dean of the Asian Development Bank Institute (ADBI). “Global markets…