Education

Continuous training of teachers is our top priority — LASUBEB Chairman

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Mr Wahab Alawiye-King, Chairman, Lagos State Universal Basic Education Board, has said that continuous training of teachers and investment in school infrastructure would optimally yield expected results.

Alawiye-King said in a statement on Tuesday that since the state government wanted teachers that were academically and professionally qualified, there was the need for the government to continuously train its workforce.

“We can have the best of infrastructure, if we don’t have the right sets of teachers, I don’t think the learning outcome we are going to get is going to be very encouraging.

“The world is changing, evolving on a daily basis and in order for us to survive in a competitive world, we need extra-ordinary skills.

“We need additional skills and that is why it is necessary for us to provide these skills for teachers,” the LASUBEB chairman said.

He said that the just concluded capacity building workshop for Early Child Care Development Education in Lagos was to enable the teachers be at par with their contemporaries globally.

‘Through the acquisition of necessary skill that is required of them to be competitive anywhere in the world,” he said.

He assured that LASUBEB remained committed to its promise of providing a better educational standard to the people of the state especially through its mantra of ‘leave no child behind’.

Edited by Wale Ojetimi

https://nnn.ng/continuous-training-of-teachers-is-our-top-priority-lasubeb-chairman/

Economy

FRC collaborates with local institutions to boost economic growth

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The Fiscal Responsibility Commission (FRC) says it is collaborating with some local institutions to ensure effective utilisation and optimisation of the country’s resources to boost the economy of the nation.


The Acting Chairman, FRC, Mr Victor Muruako said this at a one-week capacity building workshop held in Zuba, Niger on Monday.

The institutions are Nigerian Institute of Quantity Surveyors (NIQS) and Society of Project Management and Development Professionals International.

The workshop was tagged: Maintaining Best Global Practices in Project Execution in Post COVID-19 Economy’.

Muruako recalled that the just concluded retreat of the FRC`, saying that Nigeria faced challenges with respect to revenues and the need for government to expedite action on the Fiscal Responsibility Act.

The acting chairman said both trainings were structured to respond to the economic challenges of COVID-19 and the “need to tactically respond as a commission”.

He said the: “Two major handles of the commission’s contribution to the economy are facilitating revenue through the payment of Operating Surplus by Government Owned Enterprises (GOE) as well as capital project and revenue monitoring.

“We are understudying solutions of the prevailing medium-term fiscal challenges through improved revenue to the government whilst also targeting value for money for every government contract with an oversight on the critical questions of procurement procedures.

“This is the justification of the chain of training activities by the commission from both the management retreat and this capacity building exercise.”

He emphasised that partnering with local institutions would help the commission achieve its objectives of boosting the nation’s economy.

“Today, we have Nigeria Institute of Quantity Surveyors and Society of Project Management and Development Professionals International who are going to help us in capacity building to ensure officials discharge their mandate under the Act.

“This is very important because this country needs our efforts more than ever before.

“We want to ensure before we get out there to verify the execution of Federal Government’s capital projects, we are going around the six geo-political zones of the country.

“Our staff are all there, ready but we need to strengthen them. That is why we have these local institutions who believe that our country will be better for it. We want to utilise what we have within,” he said.

Also, the President, NIQS, Mr Mohammed Abba Tor pointed out that the Nigeria’s revenue was dwindling due to the drop in oil prices at the international market.

Tor said that the NIQS would partner with the FRC to ensure the effective utilisation of the country’s scarce resources which he noted would trickle down to Nigerians, if effectively applied.

“There is a correlation in effective utilisation and enhancing the living standard of the citizen.

“The commission has impact in whatever they do in terms of maximising or optimising utilisation of resources, which will trickle down to the benefits and values of the ordinary citizen.

“Once we scale up utilisation, the common person will be the beneficiary because the little we have will be utilised efficiently through the mechanism of monitoring and evaluation of all going projects in the country.

“We want to ensure that they are utilised and applied effectively and efficiently; if they do that, you and I will be the beneficiaries of this.”

The NIQS president said the institution would sign a Memorandum of Understanding (MoU) with FRC to ensure a sustainable and continued relationship with it.

“The essence of the MoU is to ensure that we have a sustainable and continued relationship with the commission.

“That will give us the opportunity to come back from time to time to look at the integrity of what we have and the performances of the officers out there.

“It is going to be a new dawn in infrastructure development, effective utilisation of funds and also ensuring optimization of revenue as enshrined in the mandate of the Act of the commission,” he said.

TOP/

Edited By: Kevin Okunzuwa/Grace Yussuf
Source: NAN

 

https://nnn.ng/frc-collaborates-with-local-institutions-to-boost-economic-growth/
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Economy

FG congratulates Adesina on re-election as AfDB president 

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The Federal Government has congratulated Dr Akinwumi Adesina, President of African Development Bank (AfDB) Group on his re-election as the eighth president of the bank for a second term. 


The congratulatory message was delivered by Mrs Zainab Ahmed, Governor of Nigeria to AfDB, and Minister of Finance, Budget and National Planning on Tuesday. 

Ahmed said that the Federal Government was proud of Adesina and commended his commitment and passion for the bank. 

“The unanimity of the vote is a clear indication of the support of the entire membership of the AfDB for your leadership and programmes, and I use this opportunity to thank all of my fellow Governors for their support to you.”

The minister reiterated the success of the AfDB president’s first tenure, adding that the introduction of the High-5 Agenda would spur the continent in achieving the Sustainable Development Goals (SDGs). 

“It has been noted by experts that if we succeed in diligently implementing the High-5s, it will automatically mean that Africa would meet most of the SDGs of the United Nations, which, itself, is a global blueprint for development and poverty reduction in a sustainable manner.

“I am aware that there are a number of reform initiatives started during your first term designed to strengthen the bank. 

“Bringing these to quick conclusion will certainly help accelerate the achievement of the High-5s, and I am confident that this will be done.

“I commend you for your work and passion for Africa, and wish you even more success in the next five years.”

She appreciated the efforts of the governors in the smooth process of the virtual voting and organisation of the bank’s Annual General Meetings (AGMs). 

The minister also commended the bank’s response in providing emergency COVID-19 assistance to regional member countries toward stabilising their economies.

“Bank’s relevance to its regional member countries is directly related to its preparedness and ability to stand with them in challenging times like we are currently in.”

She, however, urged all stakeholders to cooperate to ensure the bank’s smooth delivery and efficiency in the interest of Africa.

“A strong AfDB would be able to play a catalysing role in these efforts, both in terms of lending and policy advice. 

“We all need to work together so that the next five years will deliver the High-5s at scale, and truly transform the quality of life of the people of Africa,” she said. 

Akinwumi was sworn-in in a ceremony which took place at the AfDB headquarters in Abidjan. 

The ceremony was presided over by the newly appointed Chair of the Board of Governors, Ghanaian Finance Minister Kenneth Ofori-Atta, who also administered the oath of office.

Several presidents, who attended the virtual ceremony and sent messages of support, included Paul Kagame of Rwanda, George Weah of Liberia, Alpha Conde of Guinea, Umaro Embaló of Guinea Bissau, and Denis Sassou Nguesso of Congo. 

Former Nigerian President Goodluck Jonathan and Vice President Atiku Abubakar were also present.

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Edited By: Kevin Okunzuwa/Ese E. Ekama (NAN)

https://nnn.ng/fg-congratulates-adesina-on-re-election-as-afdb-president/
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Economy

NEPZA mulls incentives, loans for enterprises in Free Trade Zones

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Prof. Adesoji Adesugba, Managing Director, Nigeria Export Processing Zones Authority (NEPZA), says the agency is considering incentives and loans for enterprises operating in Free Trade Zones (FTZ) in the country.


Adesugba stated this in an interview with the News Agency of Nigeria on the sideline of a two-day familiarisation tour of the FTZ Kano on Wednesday.

He noted that the concept of the FTZ was to made factories competitive within the sovereignty of Nigeria.

The Managing Director said: “The whole idea is to cut transportation of goods from foreign countries into Nigeria.

“In Free Trade Zones, we have incentives such as turfs, duty free for goods entering the zones for production process and provision of infrastructure in terms of energy, good roads and warehouses.

“And Nigeria will not exempt from trying to attract investment in FTZ, the Federal Government is concentrating on providing standard infrastructure that can compete anywhere in the world.

“The current administration is paying attention to developing the infrastructure in FTZ and we can see that from the experience of Kano Zone.

“Most of the companies we visited in FTZ Kano are full of praises even though we have not reached there.”

Adesugba disclosed that NEPZA would soon embark on procurement process to boost power supply in the FTZ across the country.

He said that the Agency was also working to upgrade water supply through the provision of adequate pumps to the industries in the Kano zone.

The Managing Director added that the Agency would work in collaboration with the Kano State Government to supply water to the zone from the Kano Water Board.

NEPZA is to improve on infrastructure of the group network and residences for the investors which are expected to be completed soon.

“We hope to continue to improve on the facilities in the free zones so that the FTZ in Nigeria can be seen as up to the international standard.

“The Federal Government is more particular about ensuring that all the basic things needed are available in all the FTZ administered by NEPZA,’’

Commenting further, Adesugba said security was critical to the operations of the FTZ, adding that proactive measures had been evolved to secure the zones to attract investors.

He said the Agency would provide additional accommodation and other facilities to improve the wellbeing of security personnel in the zones.

NAN reports that Adesugba inspected ongoing construction of the investors’ residence and other viable projects as well as some industries in the FTZ Kano.

Some of the Enterprises visited include: Saby Foods; AFRI Packs, YES Plastic, TOP FRANK FTZ, MUFEX Wires and Cables Limited and MARSHALL Biscuits.

Mr Sulaiman Tanko and Abdullatif Gujba, Managing Directors of AFRI Packs and YES Plastic, respectively, commended Adesugba for the visit.

They also urged the Agency to address epileptic power supply in the zone to enhance their operations.

Edited By: Ismail Abdulaziz (NAN)

https://nnn.ng/nepza-mulls-incentives-loans-for-enterprises-in-free-trade-zones/
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Economy

Democracy day: Continuous investment in agriculture key to Nigeria’s economic advancement– Don

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Dr Hamza Soliu, a Lecturer of Economics, Ahmadu Bello University Zaria says continuous investment in agriculture is key to the country’s economic advancement.


Soliu said this while speaking with the News Agency of Nigeria in Abuja on Friday.

He was reacting to President Muhammadu Buhari’s speech to commemorate Nigeria’s Democracy Day.

The economist explained that agriculture and farming activities were strategic ways for diversification to ensure robust economy in the country.

The university don added that the present administration must make frantic effort to harness mineral resources for the benefit of Nigerians.

According  to him, government should boost infrastructural development in rural areas to check rural/urban migration.

This he noted would go a long way in addressing the challenges of unemployment.

Soliu said that the insecurity challenges across the country must be addressed headon to have a prosperous nation.

“The informal economy is worst hit by insecurity, especially in the north.The country’s security architecture is facing its worst challenges like insurgents, bandits, kidnappers and communal clashes all over the place.

“Oil prices is not doing so well to give the government the leeway to face these issues, therefore, economic diversification is strategic in boosting the country’s economy,” he said.

The economist also urged the government to expand its interventions on palliative distribution to more elderly persons in the society to cushion the effect of COVID-19 pandemic.

According to him, the elderly persons are vulnerable and need special attention at this trying period.

Edited By: Ese E Ekama (NAN)

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