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FG insists 10,000MW still achievable by 2019   The Federal Government, through the Minister of Power, Works and Housing, Mr Babatunde Fashola, has insisted that the Nigerian government’s target of providing 10,000MW of electricity by 2019 is still achievable. According to a statement by the power ministry, Mr Fashola added that the target could still be realised in spite of the current challenges facing the power sector. The minister added that all the measures put in place in the Power Sector Recovery Programme by the present administration were geared towards actualising government’s objective of achieving incremental, steady and uninterrupted power supply to Nigerians. While recalling that the amount of power available on the grid on May 29, 2015, the day President Muhammadu Buhari took office, was 2,690MW, the minister pointed out that on May 29, 2017, the power on the grid was 4,014MW. He explained further that on February 10, 2016, for the first tim...
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Nigeria Negotiates $300m job creation scheme with World Bank

A NIGERIAN delegation to the World Bank Office in Washington DC, USA, Thursday successfully negotiated a $300 million (N47billion)  International Development Agency facility, to support the youth employment initiative of the Federal Government. The fund, which is a concessional credit, is to support the effort of government to “increase access of the poor to youth employment opportunities, social services, and strengthened safety net systems in participating States.” Specifically, the scheme is expected to strengthened safety net system that would have a common targeting system and unified registry of potential beneficiaries as major elements to facilitate basic services for poor households. The 20+ man delegation comprising state governments officials, mainly Commissioners of Finance and Justice; and Heads of Planning Commissions, took part in the negotiation, by video conference connection to the Abuja office of the World Bank. The Negotiation lasted for two days, Feb 11 an...
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The secret to making more money on the internet

Tim Berners-Lee, the British computer scientist who founded the World Wide Web, is famous for saying: “This is for everyone.” His words have never been so apt. The internet is inspiring a very new sort of business revolution, one that’s offering new ways for us to make money and save money together. A new way that is tearing up old business models and reinventing better ones. A new way that relies on that most philanthropic concept - what’s mine is yours. Welcome to the brave new world of Collaborative Consumption. A revolution that could lead to the democratisation of business models and really help your wallet. Making money - together Technology means that renting, lending, swapping, bartering and gifting can now take place on a scale never before possible. We first saw this trend emerge in the creation of eBay and Craigslist, which grew from humble auction site and local listing service, respectively, to become online marketplace powerhouses allowing the smallest to the ...
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