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Business

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ICT

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Capital Market

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Insurance

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AIICO Launches All-in-One Financial Protection for Nigeria’s Underserved Population

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Sovereign Trust Insurance Secures Board’s Approval to Raise N5bn Capital

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Business

P+ Measurement Services Sparks Global Dialogue on Outcome-Based Measurement at 2025 AMEC Measurement Month

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NIPR Institutes Annual PRICE Awards, Fixes 7th Dec for Ceremony

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LASAA Staff Faces Sanctions for Policy Breach after Viral Allegation, Cleared of Fraud

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Stanbic IBTC, Zenith, Axa Mansard, Leadway, MTN, GLO Lead Q3 2025 Brand Report

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Capital Market

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Insurance

SanlamAllianz Nigeria Wins .NG Insurance Website of the Year 2025

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Leadway Assurance, AGRA, NADF, Verdure Climate Advance Agric Insurance Solutions

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Nigeria, Japan Partner on Digital Economy

Mr. Bitrus Bako Nabasu, Permanent Secretary, Ministry of Communications and Digital Economy  recently received in audience the Ambassador-designate of Japan, His Excellency, Mr. Sadanabu Kusaote Umer and his entourage in his office in Abuja on a courtesy call.

The Permanent Secretary said it was a pleasure to have the Ambassador to interact with the Ministry of Communications and Digital Economy at a time it is working assiduously towards digitising the country’s economy. He noted that the economy of Japan is being driven by modern technology and that it will be of immense benefit for Nigeria to collaborate with the Government of Japan to develop her digital economy sector which will in turn increase her Gross Domestic Product (GDP).

He said that the Digital Economy added to the Communications Ministry is to enable it to digitise the economy thereby enhance economic growth, create employment especially for its teaming youths and bring about better life for the people generally.

He reiterated that to partner with Japanese Companies on Technology Development particularly in digitalisation of Nigeria’s economy is a very welcome development.

According to Mr. Nabasu, Nigeria is a mono economy of which its main source of revenue is oil and that the price of crude oil is no longer attractive in the global market, therefore Nigeria can no longer depend on oil alone to advance as a nation. He stated that the time has come to “think out of the box” by diversifying our economy in digitalisation of the nation’s economy.

He said the Ministry is looking forward to a stronger partnership with Japan’s technology companies for employment generation for its people who are unemployed, especially its youths. He noted that Nigeria is very passionate about the digitalisation of the Nigerian economy and has been working assiduously to actualise that.

Speaking earlier, the Ambassador-designate said that the purposes of Japan’s co-operation with Nigeria are numerous; first; for the realisation of a digital Society in the country; introducing digital technology for more effective and efficient development cooperation in various areas; through infrastructure development for building a digital society; supporting spontaneous development through the spread of digitalisation; and developing a secure, free and open cyber environment to ensure Nigeria’s ownership of data.

He added that other areas of co-operation include existing projects and plans for the future.

 

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The Bloody News from South Africa

When apartheid ended in 1994, the ANC promised to make black South Africans richer (Black Economic Empowerment). The lot of poorer blacks, however, has not improved much. Many are frozen out of the workplace altogether. The unemployment rate among blacks is 28.5%, compared with 5.6% for whites. If those who want work but have given up looking for it are included, the jobless rate is a whopping 41.6% for blacks compared with 7.5% for whites. The Economist, April 27, 2013.
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