NEWS

FG Releases N25billion For The Social Investment Project

Published

7 years ago

October 27, 2016

The Federal Government has released N25billion for the Social Investment Programme (SIP).This was disclosed by the Minister of State for Budget and National Planning, Zainab Ahmed yesterday, while briefing State House correspondents over decisions taken by the Federal Executive Council (FEC) at the Presidential Villa, Abuja.

The minister, who fielded questions with the Minister of Power, Works and Housing Babatunde Fashola and that of Information and Culture, Lai Mohammed, told newsmen that another N40billion was on the verge of being approved by the steering committee.

According to the minister, the SIP is divided into four parts for the purpose of creating jobs for the unemployed and will run till 2017.“On the Social Investment Programme, what we are doing today is to tell Nigerians that the programme is starting. We have N150 billion approval from the steering committee. So far, N25 billion has been released into the account and there is another N40 billion that is in the process of being released into the account.

“As at today, 11 states are fully ready to start and the first phase will feed 3.5 million school children.“The second is the job creation programme, which is aimed at preparing 500,000 university graduates. They will be equipped with devices containing information to train them as teachers, agricultural workers and also as health support workers.

“They will be deployed to work in their local community. They will be receiving a monthly stipend of N30, 000 monthly for a period of two years,” the minister added.Ahmed said: “The third is the Conditional Cash Transfer, CCT, where one million care givers will be given N5, 000 monthly for a period of two years.

“The focus has been given to the extremely poor and vulnerable in our society and special emphasis is being placed on the northern eastern part of the country where a lot of internally displaced persons are,” she said.

“The fourth part is the enterprise promotion where loans of up to N100, 000 would be given to 1.6million Nigerians, including market women, artisans, small business holders and traders through the Bank of Industry with a repayment period of three to six months and administration cost of five per cent.”

The minister also said that the school-feeding programme has started in some states like Kaduna and Osun.Other decisions by the council were the approval of the 215 megawatt Kaduna Power Plant and the construction of a sub-station to evacuate 40 megawatt of power from the Gurara Hydroelectric Power Plant Phase One to connect Kaduna and enable it to interconnect to Mamdo Transmission substation

Fashola said that two approvals would assist in the completion of on-going projects that would add up to job creation. According to Fashola, the Kaduna plant is to contribute 40 megawatt extra into the national grid while the Gurara Phase 1 will help in expanding transmission across the country.

Source: guardian.ng

Related Topics:Babatunde Fashola Lai Mohammed Zainab Ahmed

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NEWS

Nigeria Ranks 5th In Global Cybercrime Index

Published

4 hours ago

April 20, 2024

Adaeze Okechi

Cybercrime Hotspots: Nigeria Ranks 5th | Fab.ng

Researchers from two universities—Oxford and UNSW Canberra—decided to find out where cybercrime hotspots are. To do this, they asked about 100 cybercrime experts around the world for their opinions.

The experts were asked to consider five main types of cybercrime:

Creating tools used for cybercrime, like malware.
Launching cyberattacks and demanding money to stop them.
Stealing data or identities through hacking or phishing scams.
Tricking people out of money online through scams like fake emails or online auctions.
Making money from stolen information, like laundering money or using stolen credit cards.

Based on the experts’ input, the researchers will create a list of countries considered to be the biggest sources of cybercrime.

Top 5 countries listed as global cybercrime hotspots

The study ranked countries based on how much cybercrime comes from them. This ranking is called the World Cybercrime Index, or WCI for short.

The study found that Russia is seen as the number one source of cybercrime in the world, followed by Ukraine, China, the United States, and Nigeria.

1. Russia

The study ranked Russia as the number one source of cybercrime in the world. Russia had the highest score (58.39) on the World Cybercrime Index (WCI), and researchers traced 81.34 cyberattacks back to Russia. The survey also showed that Russian cybercriminals are highly skilled (scoring 8.73 out of 10 on technical skills) and very professional, causing significant harm with their crimes.

2. Ukraine

Following Russia, the study ranked Ukraine as the second-largest source of cybercrime. Ukraine’s overall cybercrime score on the World Cybercrime Index (WCI) was 36.44. Researchers also linked 50.76 cyberattacks to Ukraine. Just like Russia, Ukrainian cybercriminals were rated as very skilled with a technical skill score of 8.24 on a scale of 1 to 10.

3. China

China was ranked third in the study as a source of cybercrime. Their overall score on the World Cybercrime Index (WCI) was 27.86. Researchers linked 24.24 cyberattacks to China. Chinese hackers were rated as skilled with a technical skill score of 7.81 on a scale of 1 to 10.

4. United States

The United States came in fourth place on the list of cybercrime hotspots. The World Cybercrime Index (WCI) score for the US was 25.01. Researchers connected 17.68 cyberattacks to the US. American hackers were rated as skilled with a technical skill score of 7.21 on a scale of 1 to 10.

5. Nigeria

While the study found Russia to be the overall leader in cybercrime, Nigeria was singled out for a different reason – scams. Here’s a breakdown:

Overall cybercrime: Nigeria ranked fifth on the World Cybercrime Index (WCI) with a score of 21.28. Researchers linked 8.41 cyberattacks to Nigeria, and Nigerian hackers were rated as somewhat skilled with a technical ability score of 5.80 on a scale of 1 to 10.
Scams: Interestingly, Nigeria topped the list for scam-related cybercrime. The country received a much higher WCI score of 52.17 for scams, with a whopping 70 nominations for this type of cybercrime. The closest competitor, the US, only had 27 nominations and a WCI score of 22.72 for scams. This shows that while Nigerian cybercriminals may be less technically skilled overall, they are much more active in scams compared to other countries on the list.

For more articles, check here.

ENTERTAINMENT

Guinness World Record: Tunde Onakoya Is Yet To Be Defeated After 44 Hours Of Chess Marathon

Published

1 day ago

April 19, 2024

Reporter

Tunde Onakoya To Break 58 Hours Of Chess Marathon | fab.ng

Nigerian chess champion Tunde Onakoya is trying to break the world record for the longest chess marathon! The record he is set to break is 58 hours.

Tunde Onakoya has already been playing in the chess marathon for approximately 44 hours straight. This is at the time of this writing. Starting on April 17th and going until April 19th, the event is happening in the famous Times Square in New York City.

View this post on Instagram

A post shared by Tunde Onakoya (@tunde_onakoya)

So far, Onakoya has beaten everyone he’s played, including a really good chess player from New York named Shawn Martinez.

Tunde Onakoya beats a very worthy opponent and one of New York’s finest, National Chess Master Shawn Martinez!

6 hours down, 52 hours to go!#TundeChessMarathon pic.twitter.com/oXBjfakdBm

— Tunde Onakoya (@Tunde_OD) April 17, 2024

Onakoya’s manager, Taiwo, says the official rules allow for 5-minute breaks every hour. But Onakoya only took a total of 30 minutes of rest after playing 12 people in a row for 15 hours! That’s intense! He said he’s playing two sets of games at the same time, and he can’t lose any of them to win the record.

He wrote,

“The opponent on the first set is Shawn Martinez, a US National Chess Master, and he will play with Tunde throughout the attempt.

“Opponents in the second set are random players. He can’t lose any game on either set.

“Only Tunde’s match against Shawn Martinez is considered valid for the record. He is not competing in his simultaneous play against random opponents in the second set. NYC, come out and play regardless.”

For more news updates, check here.

MUSIC

Davido’s ‘Unavailable’ Reaches 100 Million Views On YouTube

Published

3 days ago

April 17, 2024

Reporter

'Unavailable' Reaches 100 Million Views On YouTube | Fab.ng

There’s no stopping Davido’s “Unavailable”! The song continues to dominate the music scene, racking up impressive accolades and eye-catching streaming numbers. This solidifies its status as a global smash hit. This isn’t just a catchy tune; it’s a cultural phenomenon.

Streaming Domination

The song has surpassed a staggering 100 million streams on both YouTube and Spotify. This is a particularly impressive feat for Davido on Spotify, as “Unavailable” becomes his first single to achieve this milestone on the platform.

Music Video Success

The song’s vibrant music video, featuring South African artist Musa Keys, has also reached the coveted 100 million view mark on YouTube. This adds “Unavailable” to Davido’s exclusive club of songs with over 100 million streams, joining his 2017 hits “If,” “Fall,” and “FIA.”

Critical Acclaim and Industry Impact

The song’s impact extends far beyond streaming numbers. “Unavailable” was even crowned Rihanna’s favourite song of 2023, a huge co-sign from a musical powerhouse. Furthermore, the song dominated the Afrobeats scene, becoming the most streamed Afrobeats release of the year.

Continued Growth

Capitalizing on the song’s success, Davido released a remix EP featuring collaborations with established artists like Jamaican dancehall star Sean Paul and American rapper Latto.