World Bank pledges support for Buhari

[caption id="attachment_7151" align="alignleft" width="300"] President Muhammadu Buhari[/caption] TVC E, BUSINESS - A two-man delegation from the World Bank, has paid a courtesy call on the minister of science and technology, Ogbonnaya Onu, The delegates expressed the readiness of the World Bank  to support the present administration of President Muhammadu Buhari. The leader of the delegation disclosed that key areas the World Bank will include; security, unemployment, and rebuilding of the North-eastern part of the country While conveying gratitude to the institution for it's continuous support, the minister acknowledged that Nigeria's economy had relied on Crude oil for too long. Onu said the government will soon roll out policies aimed at diversifying the economy....

Gains from digital technologies minimal in developing countries – World Bank

[caption id="attachment_6070" align="alignleft" width="300"] Finger pointing on tablet pc, social media concept[/caption] TVC E, TECH - A new World Bank Group report has indicated that despite the rapid spread of digital technologies through the developing world, the anticipated digital dividends of higher growth, more jobs, and better public services are falling short of expectations. The World Bank report says the rapid digital expansion has been skewed toward the wealthy and 60 percent of the world’s population is excluded. President World Bank Group Jim Yong Kim says there are many individual success stories in the developing world but the spread of digital technology is still less than expected. He suggests investing in basic infrastructure and supporting start-ups, as well as educating all children. The report says the number of internet users worldwide has more than tripled since 2005 – to an estimated 3.5 billion users....