Steep price pressures acted to limit the pace of growth in the Nigerian private sector in July. Overall input costs rose at a pace unsurpassed in more than nine-and-a-half years of data collection, with selling prices up rapidly in response. Rising price pressures impacted demand, with growth of both new orders and business activity softening as the second half of the year got underway. Meanwhile, business confidence hit a new low.
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On the price front, steep cost pressures persisted with overall input price inflation quickening to a four-month high.
Citizen development is on pace to be the most disruptive agent of change in a generation. Gartner predicts that by 2023, citizen developers will be four times as prevalent as professional developers. By using no-code/low-code platforms in the Make Reality Challenge, Rising Leaders developed solutions to help address some of the world’s most pressing issues more quickly and efficiently.
However, cash shortages weighed on new orders, which rose at the softest rate for a year-and-a-half. Nevertheless, firms remained committed to raising output and stockpiled inputs accordingly, while sentiment improved to an 11-month high. Cost pressures remained sharp in January, but purchase price inflation eased notably from December’s previous peak.
Quicker uplifts in output and new orders as well as record inventory building were central to the improvement.
The World Health Organisation revealed this in its message to mark this year’s World Malaria day.
Over the next five years, the $90 million President’s Malaria Initiative for States (PMI-S) will serve as the flagship activity for the global U.S. President’s Malaria Initiative (PMI) in Nigeria. Since 2010, PMI has provided $712 million in investments, including the distribution of over 61 million insecticide treated bed nets (ITN), which are now in 43 per cent of all households, twice the rate before the intervention.
Under the MOU, the United States through the President’s Malaria Initiative (PMI), will provide technical assistance to the NLNG-led Bonny Island Malaria Elimination Project. The partnership seeks to bring malaria deaths to zero in the community of 300,000 and make the island Nigeria’s first malaria-free zone.
PMI’s current Chief Executive Officer, André Calantzopoulos, has been appointed Executive Chairman of the Board, to take effect immediately prior to the Annual Meeting of Shareholders in May 2021.
A statement on Thursday in Lagos by Roseline Okere, Internal Communications analyst, Dangote Industries, said PMI disclosed this in its recent annual list of Influential Projects for 2020 after a survey in the last 18 months.
Innovation, Science and Economic Development, another department of the Canadian federal government, will contribute C$173 million (or approximately $131 million) to Medicago to support its ongoing vaccine development and clinical trials, and for the construction of its Quebec City manufacturing facility.