• Home
  • Stories
    • Politics
    • Business
    • Arts & Culture
    • Health
      Bill Gates

      Next pandemic will be man-made, deadly – Bill Gates warns

      BMGF takes giant leap, expands Board as Econet Billionaire Masiyiwa makes the cut

      Does our foundation have too much influence? Here’s how I see it

      The doctor pronounced him dead in the car, they did not remove the corpse, they did not separate his wife fro him -Osita Chidoka

      The doctor pronounced him dead in the car, they did not remove the corpse, they did not separate his wife fro him -Osita Chidoka

      If you are a doctor planning Japa to the UK, you may end up in salve camp, says BBC report

      If you are a doctor planning Japa to the UK, you may end up in salve camp, says BBC report

      Good News: Nigerian Doctors suspend strike

      Good News: Nigerian Doctors suspend strike

      CAN, JNI meet Fed. Govt to reverse downward nutrition trend in Nigeria

      CAN, JNI meet Fed. Govt to reverse downward nutrition trend in Nigeria

      FG approves three additional orthopaedic hospitals

      FG approves three additional orthopaedic hospitals

    • Security
    • Travel
  • World
  • Africa
  • Humans of Abuja
  • Investigation
  • Development
  • Contact
Infactng
  • Home
  • Stories
    • Politics
    • Business
    • Arts & Culture
    • Health
      Bill Gates

      Next pandemic will be man-made, deadly – Bill Gates warns

      BMGF takes giant leap, expands Board as Econet Billionaire Masiyiwa makes the cut

      Does our foundation have too much influence? Here’s how I see it

      The doctor pronounced him dead in the car, they did not remove the corpse, they did not separate his wife fro him -Osita Chidoka

      The doctor pronounced him dead in the car, they did not remove the corpse, they did not separate his wife fro him -Osita Chidoka

      If you are a doctor planning Japa to the UK, you may end up in salve camp, says BBC report

      If you are a doctor planning Japa to the UK, you may end up in salve camp, says BBC report

      Good News: Nigerian Doctors suspend strike

      Good News: Nigerian Doctors suspend strike

      CAN, JNI meet Fed. Govt to reverse downward nutrition trend in Nigeria

      CAN, JNI meet Fed. Govt to reverse downward nutrition trend in Nigeria

      FG approves three additional orthopaedic hospitals

      FG approves three additional orthopaedic hospitals

    • Security
    • Travel
  • World
  • Africa
  • Humans of Abuja
  • Investigation
  • Development
  • Contact
No Result
View All Result
Infactng
No Result
View All Result

Gates Foundation announces largest annual budget to fight poverty, inequality

January 17, 2023

By Elohor Igbru

The largest humanitarian organisation, Bill and Melinda Gates Foundation today announced its largest-ever annual budget in its bid to tackle inequality, poverty and to bridge the gap in development funding caused by the Covid-19 pandemic around the world.

Announcing the budget of $8.3 billion for the year 2023, the CEO of the foundation, Mark Suzman in his annual letter also shared examples of how the foundation uses its resources, voice, and convening power to call attention to and help find solutions for problems that otherwise might be neglected. 

Read: BMGF wants increase funding for Primary Health Care in Nigeria

According to Suzman, the budget—the largest in the foundation’s history—is a response to multiple crises that threaten to stall or reverse global progress on the Sustainable Development Goals since the start of the COVID-19 pandemic. These include war, economic turmoil, climate-related disasters, and large decreases in vaccinations for preventable infectious diseases, all of which have taken a significant toll on the world’s poorest people. The board of trustees’ approval of the budget puts the foundation on track to meet its commitment to reach an annual payout of US$9 billion by 2026—and represents a 15% increase over the 2022 forecasted payout. 

“This is the toughest period for global health and development in recent memory, but in some ways, it’s also the reason we exist. To help meet the great needs ahead, we are doubling down on our commitment to our core mission: ensuring everyone can live a healthy and productive life,” he said.

Covid-19 has stalled Routine Immunisation in the worlds poorest countries

People in low- and middle-income countries, particularly women and girls, are facing the severe consequences of intersecting global crises, yet the world has so far failed to step up with the necessary political will and resources to respond.   

Read: BMGF takes giant leap, expands Board as Econet Billionaire Masiyiwa makes the cut

In his annual letter, Suzman addressed questions about the scale of the foundation’s influence and its access to global leaders.Using examples from the foundation’s work on climate adaptation, malaria, and U.S. education, he detailed how the foundation catalyzes and advocates for solutions, brings diverse voices to decision-making tables, and fills market gaps.  

He also discussed the role the foundation plays in setting global health and development priorities. “The foundation doesn’t set the world’s agenda—we respond to it,” Suzman said, referencing the United Nations’ Sustainable Development Goals. 

Highlighting areas where the foundation makes big bets, Suzman reflected on the unique role of philanthropic capital, particularly in times of crisis. From improving vaccination rates to advancing women’s economic power, the foundation uses its funds, expertise, relationships, and voice where it can make the biggest impact measured in lives saved and opportunities created for all to reach their full potential. It does so by funding innovations that may not be financially attractive or feasible for the private sector or governments, stepping in where markets fail, and investing in R&D that would otherwise never leave the lab.  

“Our role is to ensure that decision-makers—be they school board members or cassava growers or health ministers—have the best possible options to choose from and the best possible data to inform their decisions. And where there’s a solution that can improve livelihoods and save lives, we’ll advocate persistently for it,” Suzman said. 

Share122Tweet76Share30
INFACTNG

INFACTNG

Related Posts

Bad news for civil servants as wage increase not on the plate, says Ngige
COVER STORY

Bad news for civil servants as wage increase not on the plate, says Ngige

December 31, 2022

By Elohor Igbru This is a very bad news for federal Civil Servants in Nigeria who have been led to believe that a wage increase would soon be announced by the federal government. The Minister of Labour and Employment, Sen...

From America With Love: Nigerian University Lecturers Get Support from Alumni Association
COVER STORY

From America With Love: Nigerian University Lecturers Get Support from Alumni Association

December 13, 2022

By Editor Christmas came early for 54 lecturers of the University of Abuja after they received the sum of N50, 000 ($112) each as support grant from the Love and Light UniAbuja Association USA on Tuesday. The Love and...

WAWU: Only 10,000 doctors left in Nigeria
COVER STORY

WAWU: Only 10,000 doctors left in Nigeria

November 29, 2022

By Adeyemi Olusoga Things seems to be going from bad to worse in Nigeria’s health sector as it has been revealed that medical doctors are daily leaving Nigeria with only about 10,000 personnel remaining in the country, according to...

Breaking News: Uduak Akpan to die by hanging
COVER STORY

Breaking News: Uduak Akpan to die by hanging

August 4, 2022

By Editor Justice Bassey Nkanang of the Akwa Ibom State High Court on Thursday sentenced Uduak Akpan to death by hanging for the murder of Iniubong Umoren. Umoren, a graduate of Philosophy, University of Uyo, was killed on April...

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts

  • 2023 Elections: NAF ready to airlift sensitive election materials January 26, 2023
  • Next pandemic will be man-made, deadly – Bill Gates warns January 25, 2023
  • SEGUN AYOBOLU: GRIT, QUALITY AND VERSATILITY ON DIAMOND EVE January 19, 2023
  • Winners emerge in WE YOU HAP political contest January 19, 2023
  • Atiku talks tough: Win your pooling unit or forget appointments, contracts January 19, 2023

Categories

  • Africa (12)
  • Agriculture (3)
  • Agriculture (12)
  • Arts & Culture (29)
  • Business (219)
  • Cover (22)
  • COVER STORY (51)
  • Development (25)
  • ENDSARS PROTESTS (39)
  • Features (10)
  • Health (79)
  • Humans of Abuja (5)
  • Investigation (8)
  • Law (15)
  • News (745)
  • Obituary (20)
  • Opinion (31)
  • Politics (167)
  • Security (181)
  • Stories (338)
  • Travel (6)
  • World (41)

Popular

  • Six years pregnancy: A Miracle too hard to believe

    Six years pregnancy: A Miracle too hard to believe

    465 shares
    Share 186 Tweet 116
  • Akindele Oluwaseun: ‘Crying Teacher’ who receive over N1m donation and gave it all out

    377 shares
    Share 151 Tweet 94
  • How first female combat Pilot was killed

    360 shares
    Share 144 Tweet 90
  • Army throws out ‘nosey’ editor from own platform

    359 shares
    Share 144 Tweet 90
  • AGRA’s Greatest Achievement Has Been to Give Farmers Choices – Andrew Cox

    369 shares
    Share 156 Tweet 89

  • Contact
  • News

© 2020 Infactng – Investigative Journalism

No Result
View All Result
  • Home
  • Stories
    • Politics
    • Business
    • Arts & Culture
    • Health
    • Security
    • Travel
  • World
  • Africa
  • Humans of Abuja
  • Investigation
  • Development
  • Contact