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US Pledges Support of $1million to Cushion the Effects of Flooding on Affected Nigerians

By
Tiamiyu Ismail
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0

The United States has pledged $1million in relief fund to Nigeria to cushion the effects of the ongoing flooding on affected households and regions in the country as part of its humanitarian assistance to flood-ravaged regions.

The world power has made the commitment through the US Agency for International Development USAID to provide emergency shelter assistance, relief commodities, and hygiene kits to promote safe and healthy practices amid the ongoing cholera outbreak, and multipurpose cash assistance for people impacted by the devastating floods.

According to a statement from the U.S ambassador to Nigeria, Mary Leonard, the US regrets the effects of the unusual rainfall and will not renege on its obligation of providing humanitarian assistance across flood-ravaged areas. The statement goes thus:

“We are filled with grief for the flood victims who have lost so much – livelihoods, homes, and even loved ones.

“The United States continues to stand with the people of Nigeria during this extremely difficult time

“The unusually heavy rainfall and resulting flooding have affected nearly 2.8 million people across the country. In addition, many homes have been damaged or destroyed, displacing millions of people.

“The floods have exacerbated an already critical humanitarian situation in Nigeria, where ongoing conflict, especially in the northern region, has driven millions of people from their homes. In the same region, more than 4 million people are projected to continue experiencing acute food insecurity amid the worsening global food crisis. We are also concerned that standing floodwaters could increase the risk of cholera and other waterborne diseases in Adamawa, Borno, and Yobe states, where cholera outbreaks were declared in August and September and at least 7,750 cases were recorded. In 2022, 31 out of 36 states reported cholera cases.

“The $1 million in new USAID support will allow local partners on the ground to provide emergency shelter assistance, relief commodities, and hygiene kits to promote safe and healthy practices amid the ongoing cholera outbreak, and multipurpose cash assistance for people impacted by the devastating floods.”

 

Join Tekedia Capital and Get the Best of Nigeria Start-up Act

By
Ndubuisi Ekekwe
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0

The Nigeria Start-up Bill is now law. Yes, the Nigeria Start-up Act is here. Tekedia Capital will be with innovators, builders and investors, to build and deepen that fertile ecosystem of innovation. At Tekedia Capital, we have amazing farmland to grow and nurture unicorns (a special type of startups with valuations of at least $1 billion).

We invite you to visit Tekedia Capital and explore how we can work together to  make that Act to live up to its lofty promises. We have an active cycle going on now; you are invited here to join.

You can read about the ACT here.

10 IMPORTANT AREAS THAT THE START UP ACT 2022 COVERS:

  1. Special certification for startups.
  2. Seed Fund for Startups.
  3. Tax Incentives.
  4. A Bridge between Regulatory bodies & Startups.( CAC, NCC, NOTAP, SEC, CBN, NEL, TRADEMARK, PATENT AND DESIGN REGISTRIES).
  5. Incubation Programmes.
  6. Legal Framework.
  7. Institutional Framework ( National Council for Digital Innovation and Entrepreneurship).
  8. Training Program for Talents.
  9. Tech friendly environment.
  10. Strategic Positioning of the Nigerian startup Ecosystem

Flooding Still a Problem in Nigeria Despite Over N1trn Emergency Management Allocations: Presidency Charges Governors On Accountability

By
Tiamiyu Ismail
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0

Flooding has become a perennial problem in Nigeria and has taken a major toll on the nation’s economy. This year, several hundreds of death cases including mass destruction of property and displacement of persons have been recorded in the country due to flooding.

Though the effect has been unprecedented, the occurrence of flooding this year has not been unexpected. Earlier this year, the National Emergency Management Agency had predicted that not less than 22 out of 36 states in Nigeria including the federal capital, Abuja would be affected by flooding this year. How the Government has been able to respond to the crisis still leaves much to be desired.

Therefore, many indigenes of the mostly affected regions, especially Benue and Kogi states in the North-Central as well as Bayelsa, Rivers and Delta in the South-South have vehemently hounded the Federal Government for its tardiness in extending palliatives and relief materials to victims of floods forced out of their homes and left without shelter, food and potable water.

In response to the above, the Presidency has stated that over one trillion Naira has been allocated to all states from the Ecological Fund to tackle floods and other ecological problems, and it has challenged state and regional governments to give account of how they’ve been able to use disaster-management funds which have been allocated to them in the last three years.

The Federal Government in a statement it released on Wednesday has also said that contrary to popular belief, the release of water from the Lagdo Dam in Cameroon was not responsible for the large-scale flooding in Nigeria.

According to a news report by the Vanguard, roughly N1 trillion, that is 2.2 per cent of the total budget for 2018, 2019 and 2023 was budgeted for ecological and disaster management. In 2018, 2.2 per cent of the estimated of N9.120 trillion budget, amounting to N198 billion was set aside for the Ecological Fund; in 2019, the 2.2 per cent amount of the budget of N132 billion was allocated for the Fund, while in 2023, 2.2 per cent of the N21 trillion budget indicated  N462 billion allocation for Ecological Fund.

The report shows that a search of the website of the Ecological Fund Office for details of accruals and monthly/ quarterly releases to states and federal agencies did not yield the desired results. Similarly, a search of the budget implementation report leaves much to be desired.

“The House of Representatives had since June, launched a probe into the utilization of the fund for the past 10 years. This is not the first time such a probe is taking place in the National Assembly” the Vanguard stated.

The Presidency has therefore expressed indignation over how public attention has consistently been on the Federal Government instead of the states and regional governments that have received the chunk of the ecological funds set aside for disaster management.

The Presidency also reiterated the need for state governors to own the responsibilities of their offices by responding to the needs of their citizens in the face of growing floods and other ecologically-related disasters.

The world of NFTs: A Chronocatz or an Invisible Friend

By
TI Partners
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0

The utility of art has been a popular topic in the NFT universe. Numerous new collections are being seen in the non-fungible token investing market, but many lack much of a connection to the actual world. However, certain collections such Chronocatz and Invisible Friends are working to remedy this.

The Invisible Friends project was introduced in February 2022 and has already gathered a substantial Twitter and Discord following. On the first day of launch, the project established a floor price of 12 ETH. Invisible Friends is an animated PFP group of invisible people, as its name suggests. The Chronocatz project was created by the decentralized luxury watch trading platform, Chronoly. Both projects endeavour to bring something fresh to investors’ portfolios.

>>Mint NFT Now<<

Invisible Friends Seeks to Collaborate With the Real-World

Digital artist and animator Markus Magnusson is the creator of this 5,000-piece collection. His Instagram handle, motionmarkus, may be more familiar to animation enthusiasts. His slick, tidy animation style has won him hundreds of thousands of fans on Instagram. The Swedish animator wanted to practice his skills with a well-planned and performed NFT project that showcased his unique aesthetic.

In this NFT project, invisible individuals are equipped with every conceivable item, such as everyday apparel, fishing equipment, skateboards, invisible animals, and scientific equipment. Each work of art has its own unique characteristics. In order to connect to the real world, Kith, a clothing company, and the Invisible Friends project are planning on working together. Each NFT in the collection would have a trait that is associated with a piece of apparel, and this is what will set each out.

More than just brand-new NFTs will be provided to holders thanks to the partnership with Kith. The winning bids for this future batch of unique NFTs will also include actual replicas of the clothing that their purchased Invisible Friend is donning, which will be available only to owners of the NFTs.

Chronocatz: A Real-World Value Potential

Chronocatz is a brand-new launch of 7,777 NFTs. The new collection was created by the decentralized luxury watch trading platform Chronoly (CRNO). Chronoly, which aims to connect NFTs to physical assets, has been successful in attracting serious investors who are interested in getting access to the limited-edition NFT drops of luxury watches.

The most distinguishing characteristics of each Chronocatz are the high-end watches they are all sporting. The type of watch worn will determine how rare the NFT is, and grants holders a tier from 1-6. As well as this, holders get entry to the exclusive members-only club, the Chrono Wealth Club (CWC). Members of the club will have access to exclusive watch drops, increased staking yields, and private auctions depending on their tier. It is a wonderful time to get in on the project as the public mint is live and will end in less than 18 days.

While Invisible Friends seeks to add real-world value through clothing apparel, Chronocatz does so with luxury watch investments.

For more information about Chronocatz.io

Website: https://chronocatz.io/

Telegram: https://linktr.ee/chronolyio

Twitter: https://twitter.com/Chronolyio

Bitcoin, Ethereum, and Snowfall Protocol Are The Three Best Cryptos To Invest In According To Market Experts!

By
TI Partners
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0

Bitcoin, Ethereum, and Snowfall Protocol (SNW) are the three best cryptos to invest in right now, according to market experts!

Bitcoin is the original cryptocurrency, and it is still the most popular one. Ethereum is a newer currency that has many advantages over Bitcoin . Snowfall Protocol  is a new cryptocurrency that has just been released and is expected to do very well. If you’re looking to invest in cryptocurrencies, these three are your best bet!

Why Bitcoin Is A Buy According To Experts

Bitcoin is an excellent form of collateral because it is not correlated with other asset classes. It’s also easy to send and receive Bitcoin payments. And Bitcoin  is a good store of value because it is scarce and not subject to inflation.

These three reasons are why Bitcoin is a good investment right now, according to market experts. Bitcoin  is a safe haven asset that will do well in a recession and has the potential to increase in value as global adoption continues.

Why Ethereum Is A Buy According To Experts

As the leading platform for decentralized applications (dApps), Ethereum  has a lot of potential. Decentralized applications are programs that run on the Ethereum network and are not controlled by any central authority. This makes them very secure and difficult to shut down.

Ethereum is also a good investment because it has a lot of upside potential. Ethereum could eventually replace many mainstream centralized applications and take market share away from them. This would lead to an increase in the price of Ethereum .

Why Snowfall Protocol Is A Buy According To Experts

Snowfall Protocol is a new cryptocurrency that has just been released. It unlocks a new level of bridging between blockchains. Right now, blockchains are siloed and they cannot effectively communicate with each other. Snowfall Protocol enables digital asset swaps across multiple blockchains in a user-friendly manner.

This would be like Nintendo, Playstation, and Xbox being able to trade games with each other and players being able to enjoy the best games from all three consoles.

This level of communication is game-changing and it is expected to lead to a high adoption of Snowfall Protocol. In fact, this crypto has already experienced a 80% increase in value and it’s still in its early presale stages. At this rate, it’s likely that  will increase by another 5000% by launch day according to top experts.

As a cryptocurrency with 1000x potential and a trading price of only $0.009, now would be the best time to invest in Snowfall Protocol. You can learn more about this project from the links below.

 

Website: https://snowfallprotocol.io

Telegram: https://t.me/snowfallcoin

Presale: https://presale.snowfallprotocol.io

Twitter: https://twitter.com/snowfallcoin

 

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