Nigeria to electrify 304 health care facilities and schools with renewable energy
Nigeria to electrify 304 health care facilities and schools with renewable energy
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This program is a part of the West African country’s National Economic Sustainability Plan (ESP) for post-Covid-19 recovery, and it is financed by the Federal Government through budgetary allocation. 1
It will be implemented by the Nigerian Rural Electrification Agency (REA), the Implementing Agency of the Federal Government of Nigeria tasked with the electrification of rural and unserved communities, in a span of 12 months.
Scope of the project
According to Sale Mamman, the West African country’s Minister of Energy, REA will deploy solar power mini-grids to 200 public healthcare centers (PHC) and provide solar-powered street lights to the host communities. 1
James Emejo and Folalumi Alaran in Abuja
The Minister of State for Industry, Trade and Investment, Mrs. Mariam Katagum, has said creating opportunities for micro, small and medium scale enterprises (MSMEs) remains essential for increasing productivity, job creation as well as boosting the economy.
She said creating an enabling environment for them to thrive has become extremely important given that small businesses currently contributed about 50 per cent to the country’s Gross Domestic Product (GDP) and accounted for over 80 per cent eighty per cent of employment
Katagum, at the 27th edition of the National Micro, Small and Medium Enterprises (MSMEs) Clinic in Gombe State, said the sector remained the engine of growth of any economy.
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James Emejo aggregates analystsâ perspectives on Nigeriaâs recent exit from recession and concludes that more efforts are required by the fiscal and monetary authorities to strengthen recovery in subsequent quarters
Perhaps, it was no music to the ears to many when the countryâs economic managers projected last year that the countryâs second consecutive economic recession which happened in the third quarter, would be short-lived.
This is understandably so because the slow progress in getting out vaccines that could put an end to the COVID-19 pandemic, which had ravaged the global economic landscape among other things.
The economy slipped into a recession in November last year when growth contracted for the second consecutive quarters by 3.62 per cent in Q3 and previously grew by-6.10 per cent in Q2.