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MICROSOFT CORPORATION

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Microsoft : Govt, Microsoft to Equip 5 Million Nigerians With Digital Skills

05/04/2021 | 12:06pm EDT

The federal government and Microsoft Corporation on Monday announced a partnership that will benefit about five million Nigerians from a digital upskilling programme in three years.

The partnership anchored on connectivity, skilling and digital transformation followed discussions between both parties led by Vice President Yemi Osinbajo and Microsoft President Brad Smith earlier in the year.

Under the programme, locations in each of the six geopolitical zones in Nigeria will also enjoy active internet connection and cloud services courtesy of this digital transformation plan.

Speaking in a formal video announcement of the partnership with the tech giant, Prof. Osinbajo said the constructive partnerships will bridge the knowledge, skills and technology gap that exist in most of our communities.

"We intend that these initiatives become institutions in their own rights and make a real impact in the lives of our citizens going forward."

The Vice President said while using digital tools under the project, "we will pioneer innovative approaches in the fight against corruption, a major priority of this administration.

"We will seek to use cutting edge analytical and case management tools to plug holes in our public sector system as well as confront white-collar criminality efficiently."

President of Microsoft Corporation, Mr Brad Smith said that "we believe in the future of Nigeria and we are excited as a company to add to our investments. It is a country we have had the opportunity to get to know better over the last few years."

The initiative is also in line with the Economic Sustainability Plan (ESP).

Copyright Daily Trust. Distributed by AllAfrica Global Media (allAfrica.com)., source News Service English

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Financials (USD)
Sales 2021 166 B - -
Net income 2021 59 350 M - -
Net cash 2021 62 554 M - -
P/E ratio 2021 31,7x
Yield 2021 0,89%
Capitalization 1 862 B 1 862 B -
EV / Sales 2021 10,8x
EV / Sales 2022 9,55x
Nbr of Employees 163 000
Free-Float 99,0%
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Mean consensus BUY
Number of Analysts 41
Average target price 294,12 $
Last Close Price 247,18 $
Spread / Highest target 37,6%
Spread / Average Target 19,0%
Spread / Lowest Target 2,52%
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Managers and Directors
NameTitle
Satya Nadella Chief Executive Officer & Non-Independent Director
Bradford L. Smith President & Chief Legal Officer
Amy E. Hood Chief Financial Officer & Executive Vice President
John Wendell Thompson Independent Chairman
James Kevin Scott Chief Technology Officer & Executive VP
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