Author: Business Journal

Nigeria Needs $3tr to Plug Infrastructure Gap

Mr. Andrew Alli, President/CEO, Africa Finance Corporation (AFC), says Nigeria needs as much as $3 trillion over the next 30 years to plug the nation’s infrastructure gap and achieve rapid sustainable development. Alli said at the 2017 FICAN Conference in Lagos that while the government must be a primary source of funding, federal and state governments’ fiscal inflows are grossly inadequate to match the pace of investments required in infrastructure. Extracts from the Nigeria Economic Recovery & Growth Plan 2017-2020 show that the Federal Government’s medium-term fiscal framework forecasts deficits of N7.6 trillion from 2017 to 2019”. This he...

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Linkage Assurance Unveils Insurance Plan for SMEs

Linkage Assurance Plc says it’s committed to helping small and medium enterprises survive business challenges and grow into the future. The company through one of its newest products ‘SME Comprehensive Insurance Plan’ provides financial protection to small and medium sized businesses against an array of insurable risks in order to ensure their business continuity. “Linkage Assurance Plc’s SME Comprehensive Insurance allows business owners to run their companies without having to worry about unexpected events that can slow them down or bring them to a complete halt”, the Company said in a statement. “Whether it is water damage from leaking pipes,...

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India to Invest $4bn in Nigeria’s ICT Sector

Mr. Adebayo Shittu, the Minister of Communications say India plans to invest over $4 billion in Nigeria’s ICT sector as part of on-going partnership with that country. Shittu said at the Indo-Africa ICT Expo in Lagos that the ministry is also finalizing agreement for India to finance 1000 solar-based masts in rural areas in the country to address the lack of adequate level of networks in such areas. “ICTs continue to drive global development in an unprecedented way, providing huge opportunities for social and economic development. In the case of Nigeria, the federal government recognizes ICTs as one of...

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Experts to Discuss Infrastructure Financing at FICAN Conference

The President/Chief Executive of the Africa Finance Corporation (AFC), Mr. Andrew Alli and other leading experts in the financial sector are expected to proffer solution to the challenges of infrastructure financing in the country, at the 2017 annual conference of the Finance Correspondents Association of Nigeria (FICAN). Others expected at the annual event which holds at the Orchid Hotels, Lekki, Lagos, on Saturday, 16th September, include the Managing Directors/Chief Executive Officers of Heritage Bank Plc, Mr. Ifie Sekibo; Rand Merchant Bank, Mr. Micheal Larbie; SunTrust Bank Limited, Mr. Mohammed Jibrin; Viathan Engineering Limited, Mr. Ladi Sanni; as well as...

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Leadway Partners NBA to Deepen Insurance Coverage for Lawyers

Leadway Assurance has reiterated its commitment to providing insurance protection to practicing lawyers who are members of the Nigerian Bar Association (NBA). Leadway asserted this in its partnership with the NBA for the week long 2017 Nigerian Bar Association General Conference which held from August 18th to 24th, 2017 at the Landmark Centre, Lagos. The conference themed, “African Business: Penetrating through Institution Building” drew participants cutting across different sectors and industries around the world. As part of this partnership, Leadway Assurance deployed its state of the art, first-of-its-kind Insurance Mobile Office to engage the thousands of lawyers who attended...

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