General News
Aluko, Nigerian Billionaire, Others Launch $500m Infrastructure Fund
The African Development Bank (AfDB) and Made in Africa Foundation (MIAF), which was co-founded by Kola Aluko, Nigerian billionaire and Ozwald Boateng, Ghanaian-born fashion designer, have launched a $500 million fund to co-manage and market initiatives to attract new infrastructural investment for the continent.
The launch which took place at the NASDAQ in New York yesterday, was attended by Hollywood actor Jamie Foxx, Head of Infrastructure Finance for the African Development Bank Tas Anvaripour, Quintin Primo III who is the Chairman of the fund’s financial partners, Capri Capital, and MIAF CEO Chris Cleverly.
The fund represents the project development unit of Africa50 – Africa’s largest infrastructure development vehicle created to date – and plans to secure the $500 million by the first half of 2014 with $250 million raised so far.
AfDB which has closed over 40 large infrastructure private sector projects in the past five years, invested $50 million in the fund. Nigerian energy and aviation tycoon, Kola Aluko has also invested $50 million in the fund.
Co-Founder of MIAF Ozwald Boateng, while commenting on the launch, said: “Africa is moving fast: 7 out of 10 of the world’s fastest economies are in Africa. But the tragedy of the African continent is we export our wealth. Intra-Africa trade, if you look at the sub-Saharan region, is a mere 7 per cent, so as Africans we do not trade amongst ourselves. If you compare the intra-European trade, it’s an excess of 70 per cent, intra-Asia trade is an excess of 55 per cent.
“Clearly as Africans to compete we need the roads and rail, telecommunications and urban environments that stimulate and ensure trade.
Quintin E. Primo III added: “Capri Global Capital, along with the AfDB, MIA and Kola Aluko, believe that the promise of Africa is now. The extraordinary growth potential of the continent cannot be truly unlocked until critical infrastructure investments are conceived, championed and delivered. But these projects must not be charity. Rather, they must be commercially viable projects in which investors can responsibly invest. And ideally, they should not only be high impact, but offer attractive risk-adjusted returns.”
The American movie sensation Jamie Foxx was excited about the project and expressed his views: “This is a great project and i’m delighted to be here to support it. Everyone has worked so hard to get this off the grounds and I hope it marks the start of something big for the continent.”
General News
Nigeria, Kenya among Nations Running out of HIV Drugs – WHO

Eight countries – six of them in Africa, including Nigeria, Kenya and Lesotho – could soon run out of HIV drugs following the US government’s recent decision to pause foreign aid, the World Health Organization (WHO) has said.
US President Donald Trump announced the freeze on his first day in office in January as part of a review into government spending.
“Disruptions to HIV programmes could undo 20 years of progress,” Tedros Adhanom Ghebreyesus, WHO chief warned.
It could also lead to more than 10 million additional cases of HIV and three million HIV-related deaths, he added, noting this was “more than triple the number of deaths last year”.
Nigeria, Kenya, Lesotho, South Sudan, Burkina Faso and Mali – as well as Haiti and Ukraine – would run out of live-saving anti-retroviral (ARV) medicines in the coming months, Dr Tedros said at a press conference on Monday.
Trump’s executive order paused foreign aid support for an initial duration of 90 days in line with his “America First” foreign policy.
It has affected health programmes around the world, leaving shipments of critical medical supplies, including HIV drugs, greatly hampered.
The majority of the US Agency for International Development’s (USAID) programmes have since been terminated.
Despite a waiver issued in February for the US’s ground-breaking HIV programme, its work has severely impacted.
Known as the US President’s Emergency Plan for Aids Relief (Pepfar), it relies on logistical support from USAID and other organisations hit by the turmoil.
It has led to the “immediate stop to services for HIV treatment, testing and prevention in more than 50 countries”, Dr Tedros said.
Launched in 2003, Pepfar has enabled some of the world’s poorest people to access anti and has been credited with saving more than 26 million lives worldwide.
During his first days in office, Trump also announced that the US would pull out of the WHO, affecting funding for the global health agency.
“The US administration has been extremely generous over many years. And of course, it’s within its rights to decide what it supports and to what extent,” Dr Tedros said.
“But the US also has a responsibility to ensure that if it withdraws direct funding for countries, it’s done in an orderly and humane way that allows them to find alternative sources of funding.
An estimated 25 million people are living with HIV in sub-Saharan Africa, which is more than two-thirds of the global total 38 million people living with the disease.
In Nigeria, nearly two million people are living with HIV, with many relying on receiving aid-funded medicines.
Kenya has the seventh-largest number of people living with HIV in the world, at around 1.4 million, according to WHO data.
“We ask the US to reconsider its support for global health, which not only saves lives around the world, it also makes the US safer by preventing outbreaks from spreading internationally,” Dr Tedros said.
General News
NIN Enrolment Hits 117.3m – NIMC

National Identity Management Commission (NIMC) has announced that as of February 28, 2025, the number of Nigerians enrolled in the National Identification Number (NIN) database has reached 117.3 million.
This marks a significant increase of over seven million registrations since September 2024, when the figure stood at 110 million.
Gender and State Distribution
The latest statistics reveal that 56.5% of registered individuals are male, totaling 66.2 million, while 43.5% are female, at 51.07 million.
Among states, Lagos leads with 12.6 million registrations, followed by Kano with 10.2 million and Kaduna with 6.9 million.
This is consistent with the high populations in Lagos and Kano.
Other states with notable enrolment numbers include:
Ogun (4.9 million),
Oyo (4.5 million),
Katsina (4 million).
In contrast,
Bayelsa (758,111),
Ebonyi (990,775),
have the lowest enrolment figures.
The government has been emphasising the need for citizens to link their NIN to access essential services, including social services, financial transactions, and telecommunications.
A well-developed and accessible digital ID system is seen as vital for effective digital governance.
Beyond strengthening security and promoting transparency, this initiative aims to enhance the efficiency of service delivery across the country.
General News
NITDA, MTN Foundation Collaborate to Boost Digital Literacy

As part of efforts to reform the economy for sustained and inclusive growth, the Director-General, National Information Technology Development Agency, (NITDA) Kashifu Inuwa, CCIE has called for a collaborative partnership between NITDA and the MTN Foundation to promote digital literacy and capacity building in Nigeria.
Inuwa made this call during a courtesy visit by MTN Foundation delegation, led by Odunayo Sanya, at the Agency’s Corporate Headquarters in Abuja.
The Director-General emphasised the importance of synergy in fostering digital literacy and advancing President Bola Ahmed Tinubu’s agenda of promoting industrialisation to create a dynamic and diverse economic landscape.
He noted that NITDA’s initiative, DL4ALL, aims to achieve 95% digital literacy across the country by the year 2027. “This aligns with the Agency’s strategic pillar of fostering digital literacy and cultivate talents,” he noted.
Inuwa also highlighted NITDA’s dedication to developing a digital literacy framework based on UNESCO and DigiCom standards, adding that the Agency is collaborating with stakeholders to create a three-phase curriculum for primary, secondary, and tertiary institutions, with a focus on prioritising skills over certifications.
The MTN Foundation shares similar goals and currently offers online programmes featuring over 4,000 courses, with 2,000 young Nigerians already registered.
Mr. Sanya commended NITDA’s initiatives and invited the Agency to unveil its academy platform on April 17th of this year.
Both organisations have agreed to establish a committee to efficiently achieve their shared objectives. This partnership is expected to drive digital literacy and capacity building in Nigeria, aligning with the country’s national development agenda.
- E-Business2 days ago
Firm Offers Steps to Prevent a WhatsApp Account from being Hacked
- E-Financial2 days ago
UBA Launches Afrigo Card to Revolutionise Domestic Payments
- E-Financial2 days ago
Court Slams Zenith Bank with N30m Damages over Fraudulent Debits in Customer’s Account
- News2 days ago
Empowering Women in STEM: Tosin Eniolorunda Foundation Hosts Financial Literacy Workshop @OAU
- Telecom2 days ago
Samsung Unleashes AI, Introduces New Galaxy A56 5G, Galaxy A36 5G and Galaxy A26 5G
- E-Business2 days ago
FCTA Approves N242.8m for Microsoft 365 Licence to Digitise FCT-IRS
- E-Business2 days ago
Rack Centre Hosts Olla Systems’ Private Cloud Infrastructure
- Telecom1 day ago
Nigeria Charts New Course to Bridge Gender Digital Divide at UN’s CSW69