NSITF WANTS DIGITAL TRANSFORMATION TO ALSO IMPACT ON WORKERS' SOCIAL PROTECTION IN AFRICA. (PHOTO).

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 NSITF WANTS DIGITAL TRANSFORMATION TO ALSO IMPACT ON WORKERS' SOCIAL PROTECTION IN AFRICA The Nigeria Social Insurance Trust Fund has urged African businesses adopting Artificial Intelligence (AI) to link digital transformation directly with worker welfare and social protection. Speaking at the launch of a free Micro, Small, and Medium Enterprises (MSMEs) AI Master Training Programme at the UN House in Abuja, NSITF Managing Director, Oluwaseun Faleye, emphasized that technology alone cannot guarantee business resilience if workforce safety is neglected. The training programme, spearheaded by the ECOWAS Small Business Coalition alongside InnoPower LLC and the United Nations Development Programme (UNDP), aims to equip regional Micro, Small, and Medium Enterprises (MSMEs) with AI skills for production, marketing, and cross-border trade.
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PRES. TINUBU ASSENTS TO ELECTRICITY ACT (AMENDMENT) BILL. (PHOTO). #PRESS RELEASE

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 STATE HOUSE PRESS RELEASE 


PRESIDENT TINUBU ASSENTS TO ELECTRICITY ACT (AMENDMENT) BILL



President Bola Tinubu has signed the Electricity Act (Amendment) Bill, 2024, into law.


The bill, which was passed by the House of Representatives on July 27, 2023, and the Senate on November 14, 2023, was sponsored by Honourable Babajimi Benson, who represents Ikorodu Federal Constituency of Lagos State.


The Electricity Act (Amendment) Bill, 2024, seeks to address the development and environmental concerns of host communities, and sets aside five percent of the actual annual operating expenditures of power generating companies (GENCOs) from the preceding year for the development of their respective host communities.  


The Bill further provides that the funds set aside for the development of host communities will be received, managed, and administered for infrastructure development in the host communities by a reputable Trustee/Manager to be jointly appointed by the respective GENCO and their host community.


Chief Ajuri Ngelale 


Special Adviser to the President 


(Media & Publicity)


February 9, 2024

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