Connect with us

Economy

Harnessing youth workforce could speed economic recovery post-Coronavirus — AfDB

Published

on

Harnessing youth workforce could speed economic recovery post-Coronavirus — AfDB

The African Development Bank (AfDB) says harnessing the youth workforce could speed economic recovery in the postCOVID-19 era in the West African countries.


The AfDB’s Communications and External Department made this known in a statement on Friday on in its regional economic outlook report.

It stated that the virtual launch of the report was jointly hosted by its Regional Development and Business Delivery Office for West Africa, the Nigeria Country Office and the Country Economics Department.

The bank explained that West Africa’s burgeoning youth population offered a strategic workforce which could be harnessed for employment and economic growth.

This, it said, was in spite of COVID-19 pandemic that was devastating the continent and global economies.

The bank said growth in West Africa, poised to expand by 4.0 per cent in 2020, was now projected to contract by at least -2.0 per cent in 2020.

“As a result of the pandemic, growth in the West Africa region, which was poised to expand by 4.0 per cent in 2020, following growth of 3.6 per cent in 2019, is now projected to contract by -2.0 percent in 2020, and could fall by as much as -4.3 per cent in a worst-case scenario.

“Countries that depend on oil and tourism for foreign exchange and fiscal revenues will especially face reduced fiscal space and heightened external account imbalances, stoking a build-up of public debt” the bank stated.

Edited By: Oluwole Sogunle (NAN)

Mustapha Sumaila: is a graduate and a professionally trained journalist, with experience in national news reporting/editing and verification at the News Agency of Nigeria. NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]nnn.com.ng

COVID-19

Nadal to skip United States Open due to COVID-19 concerns, as organisers announce entries

Published

on


World number two Rafa Nadal confirmed on Tuesday that he would not defend his United States Open crown this year at Flushing Meadows.


His announcement came as organisers released the singles entry list for the Grand Slam.

Spain’s Nadal had said in June that he had reservations about travelling to the United States amid the COVID-19 pandemic.

He joins women’s world number one Australian Ash Barty in skipping the tournament due to COVID-19 concerns.

“After many thoughts I have decided not to play (at) this year’s United States Open,” Nadal said on Twitter.

”The situation is very complicated worldwide, and the COVID-19 cases are increasing. It looks like we still don’t have control of it.

“We know that the reduced tennis calendar is barbaric this year after four months stopped with no play.

”I understand and thank (everyone) for the efforts they are putting in to make it happen. We have just seen the announcement of Madrid not being played this year.

“This is a decision I never wanted to take but I have decided to follow my heart this time and for the time being I rather not travel.”

The Madrid Open, which was scheduled to take place from Sept. 12 to Sept. 20, was cancelled on Tuesday due to the rise of COVID-19 cases in the Spanish capital.

The United States has the highest tally in the world with more than 4.7 million confirmed novel coronavirus cases and nearly 156,000 deaths, according to a Reuters tally.

World number one Novak Djokovic, a three-times champion in New York, headlines the men’s list along with last year’s runner-up Daniil Medvedev.

There are other top 10 players, including Dominic Thiem, Stefanos Tsitsipas and Alexander Zverev.

Swiss Roger Federer, a five-times United States Open champion, will also be absent after the 38-year-old was forced to undergo knee surgery in June which  prematurely ended his 2020 season.

Nine of the top 10 women’s players, including 23-times Grand Slam champion Serena Williams and holder Bianca Andreescu, are on the entry list along with 2018 champion Naomi Osaka.

As many as 13 Grand Slam champions are in the women’s draw.

These include Romania’s Simona Halep, the reigning Wimbledon champion and 2018 French Open winner, and this year’s Australian Open champion American Sofia Kenin.

The United States Tennis Association (USTA) said eight additional wildcard entries would be selected in both the men’s and women’s fields.

Organisers said the seedings would be announced closer to the start of the tournament which is scheduled for Aug. 31.

A number of players are also set to take part in the Aug. 20 to Aug. 28 Western & Southern Open in New York, which serves as a warm-up event for the United States Open.

 

(
Edited By: Olawale Alabi) (NAN)

Continue Reading

General news

Sexual violence: Mrs Akeredolu pledges to partner stakeholders

Published

on


The wife of Ondo State Governor, Mrs Betty Akeredolu, has pledged her readiness to partner with relevant stakeholders to end cases of  sexual violence in the state.


Akeredolu spoke on Tuesday in Akure at a stakeholders meeting on gender-based sexual violence

According to her, an action plan must  aim at addressing the issue of rape in the state holistically.

The governor’s wife, therefore, advised stakeholders to collectively come up with a reasonable action plan that would end the menace.

Mrs Titi Adeyemi, the Commissioner for Women Affairs and Social Development, said the essence of the meeting was to have a follow up forum on the previous meeting with stakeholders on rape and gender based violence.

Adeyemi noted that the spate of rape cases and gender-based violence was becoming alarming.

“It has become so worrisome, especially during the coronavirus period, which concerns every individuals.

“There has been an upsurge on issue of rape and all hands must be on deck to curb it.

” That is the main reason Mrs Akeredolu and relevant authorities have shown great concern at this time.

“We have put a team of experts together, people who have technical knowledge on gender-based violence issues to look for a lasting solution.

“We have a whole range of stakeholders coming together to evolve an action plan to tackle the menace, and I believe that this move is going to assist the state and the society at large,” she said.

Adeyemi said her ministry had concluded plans with the Ministry of Budget to include funds for gender-based violence management in its budget.

She also said that a desk for management of gender based violence cases would be created while government would build the capacity of care givers as well as empower victims.

The commissioner commended the governor’s wife for contributing to the proactive measures put in place to curb the menace in the state.

Mrs Bola Ogundadegbe, the Chairperson of Federation of Women Lawyers (FIDA) in the state, disclosed that the 112 rape incidents recorded since 2017 had been charged to court.

The News Agency of Nigeria reports that stakeholders at the meeting included representatives from Ministries of Justice, Education, Health, Women Affairs as well as representatives of non governmental organisations specialising on rape cases.

Others were from National Council of Women Societies, Betty Anyanwu Foundation(BAAF), Nigeria Police Force and NSCDC.

(
Edited By: Muftau Adediran/Mufutau Ojo) (NAN)

Continue Reading

Foreign

Spain records lower unemployment in July

Published

on


The Spanish Government on Tuesday said the rate of unemployment declined slightly in July compared to the previous month, in spite drastic measures implemented to fight the spread of the coronavirus.


According to the Labour Ministry, the number of unemployed people declined by 2.3 per cent, or circa 90,000 people, to 3.8 million.

However, analysts were surprised by the result, as predictions had said the number would rise by 20,000.

The figures indicate the Spanish labour market was recovering after unemployment numbers rose by 302,000 in March and 283,000 in April, but only 26,500 additional people were reported unemployed in May and 5,100 in June.

This, they said, marked an ever smaller increase in the rate of unemployment in the country.

The impact of the coronavirus crisis was more apparent in comparison to 2019, however, unemployment in July was 25 per cent higher than in July 2019.

YI/ MNA

Edited By: Yahaya Isah/Maureen Atuonwu (NAN)

Continue Reading

Foreign

Philippine capital, surrounding provinces return to lockdown

Published

on


More than 27 million people in the Philippines on Tuesday went back under stricter lockdown measures as the Health Department reported a record number of new coronavirus cases.


The department reported 6,352 additional coronavirus infections, pushing the country’s total caseload to 112,593.

The department added that death toll also rose to 2,115, following 11 additional deaths.

Meanwhile, almost half of the additional cases were confirmed in the Metro Manila region, which has been placed under what is locally called modified enhanced community quarantine for the next 15 days.

The protocol was also imposed in the four surrounding provinces of Bulacan, Cavite, Laguna and Rizal.

Also, public transport, private and government offices and other commercial services were suspended in the five regions, while people were prohibited from leaving their homes unless for essential trips.

Dine-in services in restaurants were also suspended, and some of the 16 cities in Metro Manila re-imposed a ban on alcohol.

Catholic churches were once again closed to the public, as well as beauty salons and gyms.

Coronavirus cases in the Philippines have been increasing since the government began to ease restrictions in June in a bid to revive the economy.

The spike has prompted doctors, nurses and other health care workers to call on the government to recalibrate the response to the pandemic.

One of the doctors who joined the call warned that if the infections were not halted, the country would be the next New York City, where people die on stretchers due to lack of space in hospitals.

Health Undersecretary Maria Vergeire urged the public to follow minimum health standards of wearing face masks, frequent handwashing and maintaining physical distance.

“We all know the situation in the country. We all know that as long as there is no vaccine or cure, we have to learn to live with the virus.

“That is why we are always reminding the public to follow health protocols,” she said.

Edited By: Yahaya Isah/Maharazu Ahmed (NAN)

Continue Reading

Contact US: editor @nnn.com.ng, nnnnews247 @gmail.com

COVID-19 Update in Nigeria – NCDC Coronavirus Records VIDEO: Hydroxychloroquine is a CURE for COVID-19, Dr Stella Immanuel insists Buhari congratulates new NMA President, Prof. Innocent Ujah on election UN, United States commiserate with Lebanon over deadly explosions Manchester City sign Valencia winger on 5-year deal Ex-lawmaker emerges Ondo PDP chairman Nadal to skip United States Open due to COVID-19 concerns, as organisers announce entries Bank robbery: Police arrest 3 more suspects in Oyo Food sufficiency: Osun commissioner inaugurates ‘Wave City’ project Fulham back in EPL after Bryan’s extra time double in playoff final Safety Compliance: LASWA impounds engines of 6 erring ferry operators Resumption: Unity schools’ Principals in Lagos assure parents, guardians of students’ safety Police warn private owners against opening schools to all students New York’s health commissioner resigns over COVID-19 handling LASG holds consultative forum for Y2021 Budget, adopts holistic approach to COVID-19 Limit your speed on highways to avoid crashes, FRSC urges motorists Resumption: Lagos schools comply with COVID-19 protocols Robogarden set to empower education stakeholders on coding technology Gov. Sule condemns killing of journalist, others in Nasarawa state Opposition lawmakers leading anti-corruption investigations says Elumelu Edo 2020: Nothing unusual about lawmakers backing candidates of their choice – Edo speaker Man, 18, docked for allegedly smoking Indian hemp publicly  Kaduna State maternity, paternity leave bill to be ready by end of 2020- El’Rufai’s wife Risks of COVID-19 infection through breastfeeding negligible — WHO Zamfara Govt directs schools to resume on August 9 NSE: Trading sustains positive trend, up by 0.31% 30 stranded Nigerians in Lebanon rescued, among 150 awaiting evacuation – NIDCOM ILO records universal ratification on Child Labour Convention Flood: FCTA demolishes 102 houses in Gwagwalada 75% of vehicles plying 3rd Mainland Bridge ‘ll still be captured-  FRSC Kaduna govt spends N16 bn on security in 5 years – El-Rufai Nigeria Airforce partners local Engineering coy for improved services High turnout of students as schools resume for exit class in FCT APC working towards having data bank for members – Sen. Ali Intervene in 37-year-old kingship tussle in Ikire, Residents urge Osun govt. EEDC nabs 2 suspected electricity installation vandals Sokoto: BESDA pledges to enrol 300,000 out-of-school children in 4 years Police arraign man, 40, over alleged N162,000 fraud Security Challenges: You must rejig security strategy, Buhari tells Security Chiefs Alleged $3m bribe: Appeal Court dismisses Farouk Lawan’s no-case -submission Pa Fasanmi buried as Fayemi, Akeredolu,Tinubu pay tributes Business woman, man docked over alleged public fighting Plateau PDP set for state congress – Acting chairman COVID-19: Bayelsa schools ready, safe to re-open – Gov. Diri Police arrest 10 suspects, recover arms, ammunition in Enugu Ebonyi govt pledges to promote breastfeeding, provides crèches, jingles Gombe govt. moves to address dearth of agric extension workers Police nab 3 over alleged culpable homicide, 2 for kidnapping in Niger Sexual violence: Mrs Akeredolu pledges to partner stakeholders FG to resume Digital Switch Over roll out – Lai Mohammed Multiple taxes: Petroleum dealers in Anambra threaten shutdown, gives 21 day ultimatum Nasarawa lawmaker condemns killing of former ECDA Secretary