Participating companies will present their products to a panel of esteemed U. S. industry leaders. s. Africa as well as globally. Following that the panel will identify the four winning businesses who will then receive funding mentoring and the chance to collaborate with NBA Africa and the Basketball Africa League (BAL) on their ongoing and upcoming projects throughout the continent. Gbemisola Abudu Vice-President of NBA Africa and Country Head of NBA Nigeria responded to a question regarding the initiative’s potential effects on Nigeria by saying I am excited about this initiative because it presents a unique opportunity to discover sustainable solutions to challenges in the sports and creative industry which will invariably accelerate the development of the sectors in Nigeria. . . Well, make more announcements about the Triple-Double: NBA Africa Startup Accelerator later.
The National Basketball Association (NBA) is a global sports and media organization whose affiliate NBA Africa aims to inspire and unite people worldwide through the power of basketball. Basketball Africa League (BAL) operations are managed by NBA Africa which also established subsidiary offices in Cairo Egypt Dakar Senegal Lagos Nigeria and Nairobi Kenya. With the opening of its African headquarters in Johannesburg South Africa in 2010 the NBA has a long history in the continent.
With the help of corporate partnerships media distribution social responsibility NBA Stores the BAL NBA Africa Games youth and elite development and other initiatives, the league has worked to increase access to basketball and the NBA throughout the continent. Since 2015 the NBA has held three sold-out exhibition games on the African continent. NBA programming and games are accessible in all 54 African countries. A professional league with 12 club teams from all over Africa the Basketball Africa League or BAL began play in March 2024. It is a collaboration between the International Basketball Federation (FIBA) and NBA Africa. On social media platforms like Facebook Instagram X and YouTube, fans can follow @NBA_Africa and @theBAL.
She said her office has put together all the cash plans for 2023, so they can finish 2023 and start 2024. Once we finish this program, we will ask for people to submit their plans for 2024 starting in May. We have also asked for initial cash plans, such as monthly and yearly plans, and we are currently looking at them.
Dr Madein explained that the 2024 cash plan hasn’t started because they want to make sure the new policy on cash management and planning starts at the same time as the 2024 capital budget.
She asked the accounting officers to prepare their cash plan documents so that they can upload them into the cash plan system by 15th May.
Meanwhile, the finance minister, Mr Wale Edun, has said once more that the government is focused on making big changes to the country’s economy to make life better for Nigerians. At the Abuja event, the minister said Nigeria is making changes to be more open and honest. He said, “We need to stay committed and keep trying, even if we couldn’t do it before, we will do it in the future. ” So, he asked the people in charge of money at the workshop to support the government’s financial changes for the benefit of the country.
The government decided that any money in the Treasury Single Account that is not needed right away will be put into accounts that earn interest. The AGF will tell the Central Bank of Nigeria to invest extra money in short-term investments at the current interest rate.
The new cash management policy says that government departments have to submit their monthly spending plans to the finance department. They will then be given money based on what they need for both ongoing costs and new projects.
It also says that the money needed for investments and other expenses will now be determined by the legal and financial agreements that match the approved cash plan in GIFMIS. If there isn’t enough money to pay for the things we need, the MDA will spend less money without asking the MDA first.
The new policy helps plan how to use and manage money. It makes sure we have enough money coming in, control how much goes out, and spend money wisely. It also avoids spending money on unnecessary things, keeps our debts low, and only borrows or invests money when it’s really needed.
It focuses on a plan to make sure that the government sticks to the budget, spends money wisely, and has a plan for investing extra money and filling in gaps when needed.
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