FG Gets $100m Loan From India For Power

Vice President Yemi Osinbajo yesterday welcomed the $100 million credit facility from India for Nigeria’s power sector.
Speaking at the State House Abuja yesterday while receiving a delegation led by Indian High Commissioner in Nigeria Nagabhushana Reddy, Osinbajo called for more active engagement between both countries.

He said there were opportunities in agriculture and technology for Nigeria and India, noting that diplomatic and economic relationship between both countries had been extremely good.
The vice president said the federal government expected to achieve a 50 percent target reliance on renewable energy for the power sector by 2020.
“We are doing some expandable work in solar energy adding about 1000MW of solar. We are looking at 50% reliance on renewable energy sources by 2020. The Buhari Presidency is determined to improve access to electricity for our people,” he said.
In his remarks, Reddy said his country supported President Muhammadu Buhari’s administration’s economic plan.

Credit:  dailytrust

Nigerian Universities To Get $100m Technology Fund

Efforts to get technology intervention fund to improve learning experiences and academic outcome for students in the Nigeria universities have started yielding the expected results.

Diamond Bank, Samsung Electronics and Softcom Limited recently secured a partnership to provide a special $100 million technology intervention fund for the Nigerian education system

The intervention comes ahead of the future ready university conference to be hosted by Covenant University next month.

Already, a Memorandum of Understanding has been signed to seal the strategic partnership with Samsung Electronics, Diamond Bank Plc and Softcom.

This development would enable other Nigerian universities replicate the mobile learning programme already in operational in Covenant University.

Managing Director/CEO, Diamond Bank Plc, Mr. Uzoma Dozie, who disclosed this to Technology journalists at a press conference in Lagos said the mobile learning programme was the future of education which had successfully been kick-started at Covenant University.

He said: “Diamond Bank is investing in this programme as we realise and appreciate this initiative as the future of classroom learning which fits into our strategic roadmap as a leading financial institution.”

Read More: vanguardngr