World Bank Approves $1.5 Billion Loan For Nigeria

The World Bank has finally approved Nigeria’s request for a $1.5 billion loan, which is expected to strenghten the West Africa nation’s economy.

The Bretton Woods institution in a statement released on Tuesday December 15, said the loan facility is a five-year Country Partnership Framework (CPF) that will last till 2024.

World Bank Country Director for Nigeria, Shubham Chaudhuri said;

“This Country Partnership Framework will guide our engagement for the next 5 years in supporting the Government of Nigeria’s strategic priorities by taking a phased and adaptive approach.

“This country partnership framework will guide our engagement for the next five years in supporting the government of Nigeria’s strategic priorities by taking a phased and adaptive approach.

“To realize its long-term potential, the country has to make tangible progress on key challenges and pursue some bold reforms. Our engagement will focus on supporting Nigeria’s efforts to reduce poverty and promote sustained private sector-led growth.”

World Bank Board of Directors approved the $1.5 billion for two projects, which include: Nigeria Covid-19 Action Recovery and Economic Stimulus – Program for Results (Nigeria CARES) and the State Fiscal Transparency, Accountability and Sustainability Program for Results (SFTAS).

The CPF will focus on four areas of engagement which include investing in human capital by increasing access to basic education, quality water, and sanitation services; improving primary healthcare; and increasing the coverage and effectiveness of social assistance programs.

It will also focus on boosting digital infrastructure, and developing economic corridors and smart cities, to provide Nigerians with improved livelihoods.

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Davido Drops hort Message For Ugandan Singer, Bebe Cool on Twitter Over The Arrest of Omah Lay and Others

Superstar singer Davido has called out Ugandan singer, Bebe Cool over the arrest of Nigerian singers Omah Lay and Tems after their performance in Uganda.

Bebe Cool is alleged to be one of the instigators of the Nigerian singers’ arrest following a Facebook post he shared.

Wading into the outcry the Facebook post incited, Davido tweeted;

"Dem say you Dey fuckup @BebeCoolUG  … no wahala .. on G"

See screenshot  below;

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Econet Begins Construction Of $100m Data Centre In Lagos

The Founder, Econet Global and owner of Liquid Telecom, Strive Masiyiwa, says work has commenced on a new data centre facility in Lagos valued at $100m. 

Masiyiwa said the data centre, which would be the largest facility outside South Africa, had been named Africa Data Centre, Atlantic and would be built on five acres of land.

While displaying the architectural design of the data centre made by Trevor Juul in a Facebook post, he said the facility would be powered by solar energy and natural gas.

As part of the investment in Nigeria, he said Liquid’s Undersea cables company would land a new high capacity cable into Nigeria next year in partnership with Google.

This, according to him, will make data costs much cheaper and faster.

He said, “This week marked the start of the construction of our first major data centre facility in Lagos, Nigeria. Named the ADC Atlantic, this is a US$100m investment in the Nigerian economy. In the Data Centre world, this will be the largest facility outside South Africa.

“This cable which is in partnership with Google will also extend all the way to Cape Town, South Africa. We are also going to start laying new fibres in major cities from next year,” he said.

He added, “This is our largest investment in Nigeria since the mobile industry started.

Once again, I am kicking off a new revolution in the next phase of technology. What is important is not the data centre but the technologies that will be unleashed in Nigeria because of this infrastructure. That’s the big deal here!”

Liquid Telecom had raised $307m through a rights issue to fund a rapid expansion of its data centre business across Africa.

The rights issue included an additional $40m from UK development finance institution, CDC Group Plc.

Masiyiwa first invested in Nigerian mobile telecom industry in 2001, after MTN, before selling its shares to Celtel and then Bharti Airtel.

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Putin Finally Congratulates Biden On US Election Victory

Russian President Vladimir Putin on Tuesday congratulated Joe Biden on his victory in the U.S. presidential election, after Biden won the state-by-state Electoral College vote that officially determines the U.S. presidency, the Kremlin said. 

The Kremlin had said it would wait for the official results of the election before commenting on its outcome, even as other nations congratulated Biden on the win in the days after the November 3 vote, reports Reuters.

“For my part, I am ready for interaction and contact with you,” the Kremlin cited Putin as saying in a statement.

“Putin wished the president-elect every success and expressed confidence that Russia and the United States, which have a special responsibility for global security and stability, could, despite their differences, really help to solve the many problems and challenges facing the world,” the Kremlin said.

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David Oyedepo Called Out Over “His Brutality In Covenant University”

Different Twitter accounts have taken to the social media platform to call out David Oyedepo for oppression and excessive strictness on students of Convenant University.

See tweets below;

 

 

 

 

 

 

 

 

 

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President Buhari is Not in Charge, Kidnap of Schoolboys in His Home State is a Slap on His Face – Wole Soyinka Says

Nobel Laureate, Wole Soyinka has reacted to the kidnap of schoolboys from a Government Secondary School in Kankara community of Katsina State; home state of President Buhari.

In a statement titled “INFRADIG–A presidential comeuppance”, the playwright stressed that President Buhari is not in charge as the “abduction once again of the nation’s children” in his terrain is “a slap across the face of the Commander-in-Chief”.

Recalling how President Buhari declined appearing before the National Assembly to answer questions of the rising insecurity in the country, Soyinka stated that such action is “frightening”.

He wrote;

“That, to come to the present, constituted Buhari’s response to the National Assembly’s invitation to drop in for a chat. He did not consider it infradig at the beginning. He responded to the polite invitation to rub minds urgently over a people’s security anxieties as one who still struggled to preserve the tattered remains of his ‘Born-Again’ democratic camouflage.

“However, his reversal of consent raised yet again the frightening situation report I have fervently posed: Buhari is not in charge. Whoever is, that segment of the cabalistic control obviously cornered him on the way to the lawmakers’ chambers and urged: Don’t! Their invitation is infradig! He succumbed.

“Beneath the dignity of a Commander-in-Chief! Well. The opportunistic homicidal respondents -Bandits/Boko Haram or whoever – thereupon picked up the gauntlet and provided a response in their own language: abduction once again of the nation’s children. They handed him a slap across the face, on his home terrain, taunting: See if that is more suited to your dignity.”.

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[Music] 9ice – NPG

9ice NPG mp3 download.

Veteran artiste, 9ice comes through a spanking new single tagged “NPG”, off his fantastic just released  9-track project "FEAR OF GOD".

We totally enjoy the vibe and energy on this new one and think it’s a potential hit.

Download and Enjoy 9ice – NPG below;

DOWNLOAD MP3: 9ice – NPG

What do you think about this song?

We want to hear from you

Drop your comments below

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[Music] 9ice – Agbatan

9ice Agbatan mp3 download.

Veteran artiste, 9ice comes through a spanking new single tagged “Agbatan”, off his fantastic just released  9-track project titled "FEAR OF GOD".

We totally enjoy the vibe and energy on this new one and think it’s a potential hit.

Download and Enjoy 9ice – Agbatan below;

DOWNLOAD MP3: 9ice – Agbatan

What do you think about this song?

We want to hear from you

Drop your comments below

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[Music] 9ice – Glory

9ice Glory mp3 download.

Veteran artiste, 9ice comes through a spanking new single tagged “Glory”, off his fantastic just released  9-track project "FEAR OF GOD".

We totally enjoy the vibe and energy on this new one and think it’s a potential hit.

Download and Enjoy 9ice – Glory below;

DOWNLOAD MP3: 9ice – Glory

What do you think about this song?

We want to hear from you

Drop your comments below

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UPDATE!: Popular OAP Diva Teemah and Comedian Mc Harji Set to Host The First Edition of Ibarapa Merit Award/Miss Ibarapa Beauty Contest

Popular Nigerian OAP, Diva Teemah and well known Comedian and Mc, Harji Daboss are set to Host the first Edition of IbarapaMeritAward 

Diva Teemah  is the perfect choice to lead us through what's sure to be an incredible day full of  unforgettable moments, unity and inspiration.

 

And as we all know Mc Harji Daboss is a dynamic host, comedian and a man with great personality, we're thrilled to welcome him to the IMA2020 stage as host of The most prestigious event in IBARAPALAND" 

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Lekki Shooting: Segalink Condemns CNN, Says Their Report is ”Complicit”

Nigerians on Twitter are currently reacting to a thread by activist and member of the Lagos State Judicial Panel of Inquiry, Segun Awosanyo, popularly known as Segalinks, stating that international media platform CNN is ‘complicit’ and has failed to defend its globally publicized investigation on the Lekki tollgate shooting.

Segalinks shared this thought while reacting to the lingering drama surrounding the BBC Sex for Grades documentary.

While reacting to the controversy surrounding the ownership of the documentary, Segalinks threw shade at some persons who have tried to” re-write history by attempting to sell the #EndSARS and #ReformPoliceNG as a Protest”. According to him, this set of persons want to ”own it and weaponize it against the state at the expense of the vulnerable in society and our democracy!”.

The activist went on to accuse CNN of being complicit in the agenda of the said people.

”One thing is certain…you can’t intimidate the truth & neither can you wish it away. Lies pushed with the vilest of hate still can’t prevent the truth from appearing. The desperation of the socially maladjusted is obvious just for the lust for fame & fortune. #EndHypocrisy

These are the ones seeking to re-write history by attempting to sell the #EndSARS #ReformPoliceNG as a Protest. They want the world to believe it started months ago. They want to own it & weaponize it against the state at the expense of the vulnerable in society & our democracy!

The plot is thicker than you know and soon it will all be revealed. CNN is complicit in this as they have demonstrably failed to defend their globally publicized “investigation” even before an independent truth panel. You still think the chaos was based on care for your security?

The #EndSARS #ReformPoliceNG Advocacy as executed by @SIAF_NG

is policy driven. It has nothing to do with Regime change or mob rule. It is undeterred and running undisturbed. It is not also about dependency on any individual but about sanitizing the criminal justice system.”

Some Nigerians however felt it was improper for him as a member of the judicial panel to make such a comment about CNN and its refusal to appear before the panel of inquiry.

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Omah Lay, Tems and Muyiwa Awomiyi Charged After Their Case File Was Sanctioned By The Office of The DPP

Plans of Omah Lay, Tems and Muyiwa Awomiyi being released on Ugandan police bond, has been suspended after their case file was sanctioned by the Office of the DPP.

An update shared on their official handle of the Ugandan Police Force revealed that were arraigned on charges of “negligently doing acts likely to spread an infectious diseases C/S 171 of the Penal Code Act.”

They were jointly charged with four other Ugandans and remanded till Wednesday, December 16.

The statement read;

The Nigerian trio of Stanley Omah Didia alias Omah Lay, Temilade Openyi alias Tems and Muyiwa Awomiyi have been charged to court in Makindye on charges of Negligently doing acts likely to spread an infectious diseases C/S 171 of the Penal Code Act.

The earlier plans of releasing them on police bond, were suspended after their casefile was sanctioned by the Office of the DPP. They were jointly charged with four other Ugandans. All remanded till Wednesday 16.12.2020.

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[Music] Picazo – Pain (Prod. By Zaki Magic)

Picazo Pain Prod By Zaki Magic mp3 download.

Buzzing artiste, Picazo comes through a spanking new single tagged “Pain”, and this brand new record was produced by Zaki Magic.

We totally enjoy the vibe and energy on this new one and think it’s a potential hit.

Download and Enjoy Picazo – Pain below;

DOWNLOAD MP3: Picazo – Pain (Prod. By Zaki Magic)

What do you think about this song?

We want to hear from you

Drop your comments below

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Cossy Orjiakor’s EX Fiance Threatens To Sue Her for domestic Violence and lying About Her Age

Actress Cossy Ojiakor’s fiance, Abel, who recently called off their engagement, has now threatened to sue the actress for domestic violence and also lying about her age. Recall he had called off their engagement which is barely 4-months-old on grounds of domestic violence.

According to Abel, he didn’t know she was old enough to be his grandmother and how she’s trying to lie about the incident.

 

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Reality Star Ifu Ennada Reveals Why She Is Bitter Towards Men

Reality star and official men hater Ifu Ennada has revealed that she hates on men because of what her ex did and because she is yet to find closure.

See her post below;

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