INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

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  Indian billionaire Gautam Adani charged in US for alleged bribery, fraud Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, whose business empire extends from ports and airports to renewable energy,has been indicted in New York over an alleged multibillion-dollar fraud scheme, United States prosecutors have said. The authorities on Wednesday charged Adani and two other executives at Adani Green Energy, his nephew Sagar Adani and Vneet Jaain, with agreeing between 2020 and 2024 to pay more than $250m in bribes to Indian government officials to obtain solar energy supply contracts expected to yield $2bn in profits. Prosecutors said the renewable energy company also raised more than $3bn in loans and bonds during this period based on false and misleading statements. Shares of Adani Enterprises, the group's flagship firm, closed down 22% on Thursday. Other group firms also closed in the red. Adani Green Energy, which is the firm at the c
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AFDB GRANTS NIGERIA $134M TO CULTIVATE RICE, MAIZE, OTHERS. (PHOTO).

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 AfDB grants Nigeria $134 million to cultivate rice, maize, others. 


The African Development Bank (AfDB) provides Nigeria with $134 million in support for the cultivation of essential crops such as rice, maize, cassava, and soybeans, aiming to enhance food production. 


Dr. Akinwunmi Adesina, the bank’s president, announced on Saturday that $134 million is being allocated to support this initiative, following his visit to the Centre for Dryland Agriculture (CDA) at Bayero University, Kano. 

Adesina informed newsmen that the bank is set to back Nigeria in cultivating 300,000 hectares of both rice and maize, alongside 150,000 hectares of cassava and 50,000 hectares of soybeans for the planting season of 2024. 


* “This March, the AfDB is supporting Nigeria to cultivate 118,000 hectares of heat-tolerant varieties of wheat and another 150,000 hectares of maize. 

* “We live in an era of climate change and yet only three per cent of African agriculture is under irrigation. We have to make sure we help our farmers with information that is timely and appropriate. 

* “We have no alternative but to adapt to climate change; adopt better ways of using water, particularly in the cultivation of dry land crops that are more resilient and tolerant,’’ Adesina said. 


Additionally, Adesina mentioned that the AfDB would offer grants to the CDA and work in collaboration with it to develop a center focused on weather pattern predictions and information collection, enabling farmers to plant more effectively. 

* “We will work with the center to become one of the centers of excellence in technology. 

* “We will also support youths to develop their business ideas into reality with our 20,000-dollar grant on Agri Pitch’ and Agri Hacking’,’’ he said. 

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