• Nigeria needs infrastructure, not iPhones – Adeosun tells donors, investors

    Nigeria needs infrastructure, not iPhones – Adeosun tells donors, investors

    According to reports, the Minister of Finance, Mrs. Kemi Adeosun, has informed multilateral donor institutions and investors that Nigeria is hungry for infrastructure that can trigger growth, not iPhones and pricey suits that will drive consumption.

    Adeosun spoke Wednesday night at a session during the International Monetary Fund (IMF)/World Bank annual meetings in Washington D.C., saying investors must start to realise that western economies are matured and offer lower returns, while Africa with its infrastructure gap offers greater returns.

    The minister made […]

  • Why Nigeria can’t rely on donors’ funding – UNFPA chief explains

    Why Nigeria can’t rely on donors’ funding – UNFPA chief explains

    Nigeria cannot continue to rely on donor support for family planning and lifesaving commodities, the Executive Director of the United Nations Populations Fund (UNFPA), Dr. Babatunde Osotimehin has said.

    The UNFPA chief, who is also the UN Under Secretary, is in Nigeria for a three-day visit with the Permanent Secretary of the United Kingdom’s Department for International Development (DfID), Mark Lowcock, to boost access to reproductive health services.

    Estimates have it that DFID funds nearly 60 per cent of family planning commodities […]