City Crime
Stability in Nigeria and South Africa Is Essential for the Development of Africa
In an official statement by the vice-president of agriculture, human and social development at the African Development Bank, Jennifer Blanke, it was made clear that the growth and development of the African continent as a whole is largely dependent on the political and economical stability of Nigeria and South Africa. She brought forward multiple points regarding the situation during her interview with Business Day in Davos, Switzerland a while back.
The Last Frontier
As the vice-president explains, many companies are interested in Africa right now, with the focus being on South Africa and Nigeria. However, the fact that the two nations are always at the centre of attention when it comes to prospects in the continent has also put a tremendous amount of pressure on them to maintain political stability both internally and externally. She even goes on to add that new businesses are looking at Africa as “the exciting last frontier” now.
It should also be noted that Nigeria is one of the few countries in the continent of Africa that has the economic backbone to support legalised sports betting from huge gaming sites like freebets.co.uk | Paddy Power. It also has multiple traditional casinos of its own within the country for tourists and locals which further strengthen the position of the growing gaming industry within the nation. The website has a betting calculator.
The Depreciation
In spite of the scope for an agricultural boom, the two major economies within the continent have unfortunately shown financial depreciation in 2016, which has been cited as a major cause for concern by Blanke. The economic growth in Nigeria had actually declined by 1.51% in 2016. Considering that this has happened for the first time since the year 1991, Blanke’s concerns regarding stability in the region seem well founded. South Africa on the other hand, barely managed to avoid a recession with a GDP growth of 0.3% last year, which is another reason for alarm. Blanke explains that if SA and Nigeria fail to be the examples of success that the sub-Saharan Africa needs in order to develop and thrive, growth in the entire continent will be severely stunted. Both nations are under constant pressure as everyone is looking forward to Nigeria and South Africa for bringing progress and growth into Africa, while becoming major global markets themselves in the process.
The Agriculture
Agriculture has always been one of the major industries for Africa in general and the African Development Bank is betting on that fact by making significant investments in the sector. Jennifer Blanke specified a time period of ten years in respect to seeing Africa becoming a major agricultural supplier, thanks mainly to the natural resources in the region. This applies particularly to Nigeria, especially since The World Bank has just approved a $200 million loan to support the growth of the agricultural industry in the country. SA on the other hand, is currently dealing with a major armyworm invasion in their farm lands. However, Blanke doesn’t seem to regard the pest problem as a cause for concern. She assures that when it comes to South Africa, it’s more about high quality food processing than raw agricultural production. South Africa is expected to maintain the same standard that it has managed to reach in terms of both quality and quantity, while expanding out to explore new commercial opportunities.
As is evident from the disappointing financial decline seen last year, both South Africa and Nigeria are currently suffering from the effects of political instability in the region. Major businesses are turning towards Africa to scan and see if it’s worth making investments in the area. This is what makes right now the time to grab some of the opportunities that are presenting themselves. It is imperative that the local governments realise that fact and create a favourable condition for that to happen.
-Uchechukwu Okwum
City Crime
When Custody Becomes a Death Sentence
City Crime
Renaissance Energy Pledges Stronger Partnership With RIVCHPP
Renaissance Africa Energy Limited has pledged to strengthen its partnership with the Rivers State Contributory Health Protection Programme (RIVCHPP), following an advocacy visit by the agency’s management to the company’s headquarters in Port Harcourt.
The company’s General Manager, Health, Dr. Akinwumi Fajola, said the proposed partnership would involve the constitution of a joint team comprising representatives of Renaissance and RIVCHPP to deliberate on and develop modalities for deeper collaboration.
Fajola, who spoke during the visit, said the engagement would help strengthen the agency’s operations and advance the attainment of Universal Health Coverage in Rivers State.
He noted that the seeming bottlenecks often associated with government agencies had made some organisations and individuals sceptical about engaging with them.
According to him, the leadership style of the RIVCHPP Executive Secretary had demonstrated positive changes capable of attracting public and private-sector partners.
He stated that Renaissance Energy Limited would further strengthen its engagement with RIVCHPP, particularly in promoting health insurance within its operational areas.
Earlier, Agala described RIVCHPP as a legacy project of the State Governor, Siminalayi Fubara, established to ensure that Rivers residents have access to quality and affordable healthcare in line with the administration’s #Health4AllRivers vision.
She said since the agency became operational in January 2024, it had sustained awareness campaigns across the formal and informal sectors, resulting in steady growth in enrolment.
Agala disclosed that RIVCHPP had enrolled more than 160,000 residents across the state’s 23 Local Government Areas, giving them access to healthcare services.
She also said although Rivers was among the last states in the country to operationalise a health insurance agency, it had risen to 13th position in Universal Health Coverage and was recognised as the most improved state at the Federal Ministry of Health’s 2025 joint annual review meeting.
The Executive Secretary said the agency was implementing comprehensive healthcare plans covering all population groups, including vulnerable residents, to protect households from health poverty and catastrophic health expenditure.
She commended Renaissance Energy Limited for promoting health insurance in its operational areas and congratulated Fajola on his recent promotion.
The visit featured the exchange of promotional materials and souvenirs between the two organisations.
City Crime
Transport Fares To Reduce Nationwide From Oct. 1 – Pi-CNG & EV
-
Rivers3 days ago
Don Seeks Repositioning Of Tech Education For Dev
-
Education3 days agoPAMO MEDICAL UNIVERSITY -Nullifies Arrest warrant on VC
-
Niger Delta3 days ago
PANDEF Seeks 50% Oil Derivation Allocation Increase
-
Education3 days agoIAUE MOVES TO END GHOST WORKERS SYNDROME AS 400 NEW NON-TEACHING STAFF UNDERGO MANDATORY ETHICS TRAINING
-
News3 days agoFresh Ebola Scare As NCDC Records Two Cases
-
News3 days ago
Customs Partners EFCC, NDLEA, Others To Tackle Money Laundering, Terrorism Financing
-
Politics3 days ago2027: RIVERS GUBER CANDIDATES SIGN CHARTER TO PRIORITIZE CITIZENS’ DEMANDS
-
Politics3 days ago2027: South-East Govs Insist On Tinubu’s Re-election
