Connect with us

News

Just in: Nigerians to Monetize their FB, Instagram Accounts from June 2024

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

A team from Meta, owners of Facebook, Instagram, WhatsApp and Threads, visited Nigeria’s President, Bola Tinubu on Thursday and made a big announcement regarding monetisation for its photo sharing platform.

The Meta’s team, led by Sir Nick Clegg, former UK Deputy Prime Minister and Meta’s President of Global Affairs, was received by President Tinubu at the State House in Abuja.

Speaking during the visit, Sir Clegg thanked Tinubu for an executive order he issued, which enabled the landing of 2Africa, the Meta-backed deep-sea cable in Nigeria.

“It is an extraordinary infrastructure project. When it comes on stream in the first quarter of 2025, it will be twice as much as the capacity of all subsea cables that exist.

Advertisement

“We buried the cable 50 percent deeper than any other subsea cables under the seabed. It is more powerful and more extensive in terms of its geographical connectivity.

“It could yield up to 37 billion dollars worth of increase in economic activity in the next two or three years across the African continent,” he said.

Sir Clegg also said Meta will introduce in June 2024 a feature on its Instagram app that will allow Nigerian creators to monetize their content to enable them to earn a living using the app.

“We have a lot to do with Nigeria to deepen partnerships,” he added.

Advertisement

Welcoming the delegation President Tinubu said his administration is working to sustain investments in digital technology to enhance the sustainability of small businesses, expand opportunities across sectors, and propel Nigeria to become the lodestar of information and communications technology in Africa.

 

Tinubu said Nigeria cannot afford to be left behind in this age of technological advancements; hence, his administration is opening up channels of opportunities in information and communications technology, deepening capacity, and fostering partnerships.

In view of his administration’s 3MTT programme, which is training three million Nigerian youths in digital technology and essential skills before deploying them to innovation hubs across the nation, the President emphasized that Nigerian youths are the most critical asset in Nigeria’s arsenal as it moves to achieve digital economic expansion.

Advertisement

“For us in Nigeria, we have a vibrant, gifted and resourceful youth population. Recognizing that the future is most likely to be AI-enabled, we have to prepare our youths and make them ready to compete and participate in the global economy.

“I can assure you that Nigeria is open for business. We want to lead the African continent in digital technology. Data is valuable to our development. We are ready to cooperate on technological advancements. It is the only way to go. We need a collaboration that will be a win-win for all,” President Tinubu said.

Emphasizing the importance of technology in driving small businesses, the President said he is committed to ensuring that technology is deployed, adapted, enhanced, and used to catalyze growth across a vast majority of micro businesses, spurring mass prosperity down the line.

“What interests me is the use of technology in the development of small businesses. We need to make the business environment more conducive for you and more profitable for us as well. I hope we can collaborate and continue to promote our mutual interests,” President Tinubu told the delegation.

Advertisement

Meanwhile, during the visit, Dr. Bosun Tijani, Minister of Communications, Innovation and Digital Economy, said Meta platforms are critical platforms in Nigeria, and as such opportunities for partnerships and engagement are essential to promoting development in the digital economy sector.

“We must continue to engage to create opportunities for our people so they can also share in global prosperity. Digital technology is an opportunity to connect Africa to contribute to the development of the world,” Tijani said.

Continue Reading
Advertisement

News

ALERT! Terrorists planning attacks on worship centres, schools, NYSC camps – Police issue alert

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

The Nigerian Police Force High Command has placed formations nationwide on red alert over alleged planned terror attacks on worship centres, schools, National Youth Service Corps, NYSC, orientation camps and other public places across the country.

According to Premium Times, the police also revealed that intelligence had shown the movement of armed elements from Katsina through Kaduna towards Plateau State.

The development followed fresh intelligence indicating increased mobilisation of terrorist elements for possible coordinated attacks on places of worship, learning institutions, NYSC orientation camps and other vulnerable targets across the country.

The findings showed that following the intelligence report, the high command has issued an operational order to its formations nationwide on the need to put the criminal elements in check before they will strike.

Advertisement
Continue Reading

News

Gov. Soludo reveals Obi, Obiano accumulated debts still hanging on Anambra

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

The Anambra State Government has said it is still servicing loans inherited from the administrations of former governors Peter Obi and Willie Obiano, even as it maintains that Governor Chukwuma Soludo has not borrowed from any commercial bank since assuming office.

The Commissioner for Finance, Izuchukwu Okafor, said the state’s debt burden had fallen by more than 83 per cent under Soludo, with the administration also clearing several inherited domestic obligations.

Okafor disclosed this during a Ndi Anambra podcast uploaded by Anambra State New Media on Monday while explaining the state’s finances and debt position.

He said repayments on loans secured by previous administrations continued to be deducted from Anambra’s allocation through the Federation Account Allocation Committee, including obligations dating back to the Obi and Obiano administrations.

Advertisement

“Yes, every month during our FAC meetings, and when you see the schedule of FAC, you will notice there were substantial, significant deductions from our own FAC because of loans previously borrowed by previous administrations,” Okafor said.

“These loans were borrowed, you know, during the time of, even, not the immediate predecessor, even during the time of Peter Obi and Willie Obiano, His Excellency, the past governors,” he said.

According to the commissioner, the Soludo administration had focused on managing the inherited obligations while avoiding new commercial borrowing.

“It’s on record, you know, that this administration has not borrowed a kobo from any commercial bank since the inception of this administration,” he said.

Advertisement

Okafor said the government had also settled a number of legacy liabilities, including unpaid contracts, gratuity and pension arrears, bringing the state’s domestic debt close to zero.

“But I will give you an example for our domestic debt, the control, the legacy, what we call legacy debts, you know, the contracts that were not paid, not owing, the gratuity arrears, pension arrears, we’ve been able to clear all that,” he said.

He added, “In terms of, so, our domestic debt as of today is near-zero balance.”

The commissioner attributed the reduction in the overall debt burden to repayments made by the administration, saying several inherited loans had already been settled.

Advertisement

“But I will also say that Mr Governor has not borrowed a penny. We have been able to manage the debt, the state debt, very well, that we have brought it down by more than 83 per cent as of today. I’ve been able to repay back most of these loans,” he said.

External obligations, however, remain part of the state’s financial commitments. Okafor explained that repayments on some foreign-denominated loans are deducted from the state’s federal allocation under the terms attached to the facilities.

“But following as well, external debts, which is foreign loan-denominated debts, when you look at it, because there are some covenants around the period it will take to pay off these loans, particularly deducted as such when we are doing FAC,” he said.

“Before they limit Anambra’s own allocation, they will deduct it as such, because most of them, World Bank loans and other loans, they committed.”

Advertisement

Okafor also disclosed that the state had recently fully repaid one of its debts.

“There is one debt that we recently paid off, CAGS,” he said.

He said the reduction in inherited liabilities had given the government more room to finance other priorities.

“So, in a nutshell, I’ve been able to, you know, create more fiscal space for Anambra State,” Okafor said.

Advertisement

He added, “This administration has been able to create more by paying off, you know, backlog of numerous debts inherited from previous governments, starting from the time of Peter Obi.”

Continue Reading

News

Sad: Nine passengers killed as gunmen open fire on bus in Plateau

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

No fewer than nine passengers were killed when gunmen opened fire on a commercial bus at Dungus Junction in Kuru community, Jos South Local Government Area of Plateau State.

Residents told journalists that the incident occurred when the bus driver parked to allow some passengers alight at the junction.

According to Daily Trust the bus which was heading to Jos was stained with blood and riddled with bullets.

Lawan Suleiman, a neighbor and teacher of one of the victims, confirmed the incident, adding that the attack occurred while the bus was stopped at the junction.

Advertisement

He said, “The driver is Ibrahim and he was my student. Three of them are from our community here in Bukuru. Their bodies have been deposited at the hospital. But relatives are preparing to collect them for burial.”

Spokesman of the Berom Youth Moulders, BYM, Rwang Tengwong, also confirmed the incident saying the victims were passengers travelling to Jos when the attackers opened fire on their vehicle.

“The incident happened around 9.40p.m. The victims were all passengers travelling to Jos when the terrorists opened fire on the vehicle. Among those killed was a member of Operation Rainbow. It is a very sad development and we lament the loss of lives.”

According to him, some of the passengers sustained gunshot wounds and were rushed to hospitals, where some later died.

Advertisement

Plateau state police command is yet to issue a statement regarding the incident as of press. (Daily Trust)

Continue Reading

Trending

Copyright © 2024 Naija Blitz News