Save Austin Fair Yudala banner
Nigeria wins World Bank competition

By Rachael Ishaya on 12/10/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 384


For the second successive year, Nigeria has won the World Bank’s “Ideas for Action” initiative, a youth competition on financing for development.

It is a programme which is yearly organised by the World Bank Group, in collaboration with the Zicklin Centre for Business Ethics Research.

The bank’s Senior Vice President, Mr Mahmoud Mohieldin announced the results of the 2017 initiative on Wednesday in Washington, during its annual meetings and the International Monetary Fund.

Nigeria’s winning proposal, “Kitovu” came tops from among 743 proposals from 118 countries, while Uganda’s proposal of “Gifted Hands” and India’s proposal of “Agratam” were adjudged first and second runner-ups in this year’s competition.

Mohieldin disclosed that the winners were selected through a vigorous three-stage selection process, evaluating the creativity, significance, feasibility and clarity of the proposals.

The reviewers, according to him, include young World Bank Group staff, technical experts and senior executives from the World Bank Group, Wharton School and the G-24 Secretariat.

“The competition encourages young people from around the world to develop and share their ideas for innovative approaches, through the smart use of technology as well as financing solutions, to solve development challenges.

“It attracts engagement from young people across the globe, with about 38 per cent of submissions from Sub-Saharan Africa; 15 per cent from Latin America and the Caribbean; 13 per cent from South Asia; 12 per cent from East Asia and the Pacific.

“Also, 12 per cent came from North America; eight per cent from Europe and two per cent from the Middle East and North Africa,” he said.

Also, the World Bank’s Director of Strategy and Operations, Africa Region, Ms Mamta Murthi gave an assurance that the Bretton-wood institution would continue to promote and encourage the youth globally.

She noted that the youth remained the major stakeholders in the realisation of the 2030 Agenda for Sustainable Development and its associated Sustainable Development Goals (SDGs).

“We focus on youth for this competition because three billion people, amounting to 43 per cent of the world’s population, are under the age of 25.

“The world’s youth will implement the 2030 Agenda for Sustainable Development, contribute their unique solutions and shape their future and ours,” she said.

Nigeria’s winning proposal, Kitovu is an innovative platform and system that matches fertiliser type and quantity, improved quality seeds and other inputs to the right soil.

The proposal envisions a web and mobile-based decentralised fertiliser and seedling warehousing system that matches the right inputs to different farm locations owned by small-holder farmers in distant locations to lower the cost of cultivation while ensuring increased yields.

Mr Nwachinemere Emeka-Obewe, who initiated the winning proposal, explained that the platform sought to create market access for smallholder farmers in distant locations by using a mix of web, mobile and SMS platforms to link farmers to processors.

The platforms would also link producers with buyers, transporters and other ecosystem stakeholders, to tackle post-harvest losses and enable producers traceability while increasing farmers’ income. (NAN)

Source News Express

Posted 12/10/2017 05:31:18 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
Chibok saga: Michelle Obama goes emotional, says: ‘We...

Anglican Bishop locks out Catholic Church, school children...

Is this anti-Statism or anti-Buhari or something else?...

NUT suspends strike as Bayelsa doles out N300m...

Declare Aba a disaster area, HURIWA tells FG...

Aregbesola given award despite failure to pay workers'...

Ekweremadu warns incoming Buhari against imposition of officers...

FG verifies oil and gas production in Lagos,...

Obiano, Ngige, Nwoye await fate as Anambra Governorship...

Senate working to reposition transport sector — Saraki...

Ethiopian Airlines plot Arik takeover

Nigeria, Algeria, Ivory Coast, Ghana and Cameroon favoured...

 

Latest News 500 NYSC members get loans to set up businesses Atiku declares APC enemy of Nigeria 577 firms bid for NNPC insurance contracts Jerusalem protest rocks Lagos Group tasks South East Govs on compulsory teaching of Igbo language NIMASA ready to partner defence on research, development — Dakuku Anambra guber: Obiano humiliated other contestants by winning all the 21 LGs — Edochie Shell bags content development award 2019: PDP under Secondus’ leadership poised to sack APC from Aso Rock — Obuah Bad weather: Ethiopian Airline unable to land in Enugu, makes U-turn to Ethiopia Today’s weather: NiMet forecasts hazy conditions, thunderstorms Man City down title rivals Man Utd, establish 11-point lead in Premier League

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (300,258 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (284,401 views) Shameless Genevieve Nnaji exposes breasts in public (229,898 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (192,861 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (182,977 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (169,648 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (146,844 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (132,104 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (130,210 views) Lagos plane crash: Journalist releases victims’ names (118,755 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (115,333 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (111,613 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (33) Business (2,812) Business Verdict (26) Columnists (776) Complaints & Requests (94) Enterprise & Opportunities (192) Entertainment (418) Features (521) Global Business Monitor (192) International (1,684) Interviews (138) Live Commentary (28) Love Matters (92) News (30,923) Opinion (844) Pidgin (9) Politics (4,206) Religion (653) Sports (1,379) Stock Watch (25) AMA & Al Jazeera Global Update

 

CBN Banner advert

CBN Words on marble

 

 

MOBO Awards

 

APO Group Partner

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!