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The fact that the global economy is spiraling out of control with inflation, stagflation, recession and depression staring hitherto vibrant countries in the face does not matter. The United Kingdom battles worst inflation figures in 40 years. The United States of America is not faring better, with an all time high in 41 years. Turkey and South Korea, 24-year high. Russia, 20-year high. Israel, 11 years, South Africa, 13 years, Ghana, Nigeria, Rwanda, Botswana, facing 19, 17, 14, and 14, years inflation spike, respectively.

Ubon Udoh, managing director of the ASR Africa, said in the statement that the intervention is a continuation of the initiative’s $100m Africa Fund for social development within Nigeria and the African continent, which has identified and commenced implementation of development needs in healthcare, education and social development within the country and beyond.