World Bank To give Nigeria $1.3BN to start up Development Bank of Nigeria

Nigeria has reached an agreement with the World Bank Group and other development partners for the release of $1.3bn for the take-off of the Development Bank of Nigeria.



Mrs. Kemi Adeosun, the Minister of Finance, said this on Sunday in Washington DC, United States of America at the closing press conference marking the end of the World Bank/International Monetary Fund’s annual meetings.

Adeosun, who spoke alongside the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, explained that the DBN would serve as a means of intervention for the Small and Medium-sized Enterprises in the country to get funds to run their operations and expand in order to achieve inclusive growth for the country.
 “An agreement was reached on the final steps for the take-off of the Development Bank of Nigeria, which had been stopped due to some issues; we have resolved all those issues, the recruitment process has now been finalised, with management team put in place; and this will release $1.3bn, which is aimed at supporting our SMEs and the SMEs are part of the engine that will spur the growth of our economy” she said.

The minister also said that the Nigerian delegation to the meetings had high-level discussions with the multilateral agencies on the challenges in the power sector, especially the financial issues, and that an agreement was reached for a workshop to hold in Abuja in November to be attended by the World Bank Group, International Finance Corporation and the Multilateral Investment Guarantee Agency, which provided partial risk guarantees.


Adeosun added that the World Bank would be bringing its specialist power finance team to see how they could proffer financial solutions to the challenges of the power sector in Nigeria.

The minister said, “We also met with the Japan International Cooperation Agency (JICA), and we secured their commitment to facilitate trade and investment in Nigeria; specifically, they have agreed to make investments in agriculture, especially in the fisheries sector, and we have made progress on the Jebba hydro project, which is also a power project.

“Our constituency, which represents South Africa, Nigeria and Angola, had a meeting and we reviewed the fact that the allocations to our constituency are among the poorest, particularly from the IFC, which are unacceptably low. What we have agreed to do is that we will be hosting a meeting in Abuja in March for the three finance ministers and the idea is that we will benchmark and scale up our technical capacity to ensure that we are able to get more of what is available for the three countries.

“We also secured commitments from the Canadian ministry of finance to support us in the PPP platform for roads; they have successfully developed a PPP platform for road investment and they have offered to support us on the technical front in that regard.”

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Drake says He doesn't give a f*ck about none of these other singers, He is from the 6

Drake may have had to postpone some shows due to an ankle injury, but he was charged up as ever during his Friday concert in Toronto, or as he would call it, the 6. The crowd was as responsive as you’d expect to his Summer Sixteen Tour, which is nearly over, and he was clearly feeding off the energy when he decided to send out a message to his competition.



“Other rappers, I don’t give a fuck about none of these other singers. Nobody can talk to me ’cause I’m from the 6,” he said with confidence. “I go over there by myself, and I do it every single motherfucking time, boy.”

It’s not out of the ordinary for rappers to address their competitors in such a broad sense, but Drake has had a few public feuds with other artists over the last year or two — Meek Mill, Tory Lanez, and Joe Budden come to mind — so one can’t help but think these remarks could be apply to at least one of those names.



Source : Jambaze.com

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2 Persons caught with crushed Human Heads concealed in Loaves of Bread

Two persons have been arrested after being caught with human heads.

Jamiu Alabi, 24, and Yemi John, 32, were apprehended on Saturday night at Church Bus Stop, Ipaja.



They were alleged to have concealed three human heads inside loaves of bread.



The suspects were said to have sandwiched the heads in the breads with and inscribed names and amount on each.

While one of them had Danjumo N20,000 written on it, the others had Yusuf N70,000 and Alhaji Mumuni N10,000, the Nation reports.

Police spokesperson Dolapo Badmos, a Superintendent (SP), said the case was under discreet investigation

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4 Die as Robbery suspects get-away car skids off Eko bridge in Lagos.

Nemesis caught up with five robbery suspects yesterday Sunday, in Lagos, when their get-away car skidded off Eko Bridge by Iddo, killing three of the suspects and sadly, an innocent bystander, {a man who the car fell on}.

It was reported that two of the suspects sustained injuries and were taken to the hospital, while the dead bodies were deposited at a mortuary.

The incident was said to have occurred during the downpour at 2.15 pm.

 

General Manager of the Lagos State Emergency Management Agency, LASEMA, Mr. Adesina Tiamiyu, who confirmed the incident, said preliminary investigation revealed that the occupants in the car could be robbers as several dangerous weapons were recovered from the car.

According to Tiamiyu,

“the agency received a distress call regarding a lone accident at Iddo Bridge at 2.15p.m.

“On arrival at the scene of the incident, the Emergency Response Team, ERT, of the agency discovered a grey-coloured Hyundai ix 35 with number plates SMK 485 CM, which skidded off the Eko Bridge by Iddo Terminus and fell on a man, who died immediately.

“Three of the suspected robbers died immediately, one escaped with injuries, while the fifth was taken to the hospital by Lagos State Ambulance Service, LASAMBUS.

“The dead bodies, three suspected armed robbers and one other person identified as a mechanic named Nwamba, were handed over to State Environmental Health Monitoring Unit, SEHMU, and were subsequently taken to the mortuary, while the vehicle was towed to Denton Police Station, Ebute Meta, by the agency.”

According LASEMA boss, items found on the victims include one locally-made double-barrelled pistol with five live cartridges, one laptop, mobile phones and a dollar note.

Tiamiyu, who advised residents to always be security conscious at all times, said the matter had been handed over to Nigeria Police for proper investigation.

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[New Music] Humblesmith – “Change” (Prod. By Del B)

Fast rising African Singercologist & N-tyze Entertainment Super Act, Humblesmith drops another hit single to add to his already impressive collection. The song which is titled ‘Change’ resonates with the current situation in the country and is sure to leave music lovers on the edge of their seats.



The song was produced by Del B.


Download Now

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3 Types of Women Every Man Wants To Marry

Marriage is for the wise, marriage is for those who are insightful. There is no point constituting menace to the society simply because you and your spouse are not compatible.



We are tired of hearing cases of domestic violence and abusive relationships. As beautiful as marriage is, it is not a do or die affair. It is important for you to choose your partner carefully in order to have the best out of the union.

You cannot feign ignorance if you end up in an abusive marriage. It is either you failed to see the signs or you decided to ignore the signs you saw. The beauty of a relationship goes beyond being joined in holy matrimony; it is the life you life after being joined that matters most to people.

Since the society has made women a focal point of attention when marriage is to be discussed, we are going to let you know the major types of women every man wants to marry. Even though people around makes women feel eerie about being single when they are in their late twenties, we will tell you the things you need to work on while you wait on your man.

If you are older than 25 and still single, it will be good for you to calm down and do the right thing. It will be painful for you to have to wait that long before getting married and still end up having a bad marriage.

Men have a mind of their own; irrespective of the shape you may have as a woman, there are certain things they look for when marriage is in view. Check out the types of women that will be every man’s dream woman any time any day:

1. The submissive woman
No one wants to know about your qualifications and the positions you occupy. If you are not submissive to your man, you are of no use. Men want to be in charge, knowing they have a spouse or a partner who makes them a priority thrills them.

Being rich and industrious is a plus if you are submissive. Being submissive does not make you a fool, you should never interpret this virtue as slavery.

2. The home keeper
Not all men are coordinated! Some find it difficult to put their acts together. Being in a relationship with a woman who can put the home and their affairs into order is important.

They are rest assured that everything is fine at home when they go source for money to keep the body and soul together. If you are beautiful and curvy without being able to render any help in the house, men will continue to use and dump you.

3. The woman who is not a liability
You do not have to be the CEO of any company for the world to see you are working. Men love women who are dedicated and hard-working.

These and other qualities are the things they will put together when the word ‘prospect’ comes up.

A woman is considered beautiful inside-out when the men know she can fend for herself and not depend solely on them. It is not fun when a party gets to drop money every time while the other party is not yielding.

If marriage is on your mind, you have to invest in yourself before expecting any man to place his money on you.

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How Do I know That My Mobile (Android, iPhone, Windows, Blackberry) is 4G Supported? Check this out

With 4G mobile networks in mind,

it’s easy to know if your smartphone supports the standard. On Android smartphones, Blackberry, iPhones and Windows mobile devices.



Android

For Android Users, go to settings >> Network settings >> mobile network. It should give you a dropdown menu of mobile standards such as 2G, 3G or LTE (4G). If you don’t see 4G or LTE, then your smartphone doesn’t support the standard.



iPhone

On the iPhone, go to Settings > General > cellular > Enable 4G LTE.

Windows

On Windows Phone, go to Settings > Celluar + Sim > Highest connection speed and check if LTE is part of the options.

Blackberry

Go to settings>>Network and Connection>>Mobile Network>> Network mode and you’ll see 4G&3G&2G. however, if you are using Blackberry Q5 and below, you won’t get 4G network services.
Once you’ve selected LTE and you’ve on a 4G network, the “LTE” symbol will appear on the phone status bar replacing either “3G”, “H” or “2G” symbols.

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