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Add vocational skills to your education – UNIC urges youth.

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THE National Information Officer of the United Nations Information Centre (UNIC) in Nigeria, Oluseyi Soremekun, has called on Nigerian youth to add vocational skills acquisition to their formal education in order to be marketable, employable and economically sustainable for a secured future.

He made this call while speaking at the 2017 World Youth Skills Day observance organised on Friday 14 July 2015 by Yes-I-Believe Academy (YIBA) in collaboration with UNIC. Expressing concern at the high number of unemployed youth, the UN General Assembly on 18 December 2014, designated 15 July as World Youth Skills Day. The theme for this year’s observance is “Skills for the Future of Work”.

World Youth Skills Day, Soremekun disclosed, is in recognition of the fact that fostering the acquisition of skills by youth would enhance their ability to make informed choices with regard to life and work and empower them to gain access to changing labour markets.

He explained that education and training are key determinants of success in the labour market. Skills and jobs for youth feature prominently in the 2030 Agenda for Sustainable Development, and Sustainable Development Goal (SDG) target 4.4 calls for a substantial increase in the number of youth and adults who have relevant skills.

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The National Information Officer noted that “Everyone has inborn skills. No one is empty and useless. Identify your passion, your skill area and seek help to develop it and be a master of your future. Your future lies in your hands. Acquire a skill today.”

Explaining the reason for youth unemployment, the National Information Officer explained, “One reason for youth unemployment is structural unemployment, a mismatch between the skills that workers in the economy can offer and the skills demanded of workers by employers. Structural unemployment affects all regions around the world and it impacts not only economies but also hampers the transition to equitable and inclusive societies envisaged in the 2030 Agenda for Sustainable Development.”

Speaking at the event, Mrs Nneoma Effanga, a Makeup expert, urged the youths to shun idleness and develop their talents which might not be related to their course of studies. Such a step, she said, might be that which would secure their future.

Stressing the importance of skills acquisition, the President of YIBA Mr Niyi Adekunle, declared that no vocational skill is demeaning. He urged the participants who were mainly students of Yaba College of Technology, not to treat vocational skills training with contempt as it might be a saving grace for some even after their graduation from other fields.

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The programme also featured exhibition of vocational skills products and some practical sessions featuring wire-works, shoes, make-up kits and application, art-works and soft-furniture among others.

Facilitators of the practical session included Mr Akinwande Ademosu (Motivational Speaker); Mrs Oreoluwa Solana (Crystal Design); Mr Gbenga Ogundimu (Shoe Maker); Mrs Oyebola Jennifer (Art work) Ms Opeyemi Olowoporoku (Beads Making) and Mrs Busola Oluwatimileyin (Interior Design).

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Ex-NCC Chair, Akande extols Senator Sarafadeen Ali on his 61st birthday

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Former Chairman of the Nigerian Communications Commission (NCC), Prof. Adeolu Akande, has extended warm felicitations to Barrister Sarafadeen Ali, the Senator representing Oyo South Senatorial district, on the occasion of his 61st birthday.

In a statement released on Saturday in Ibadan, the Oyo state capital, on Saturday, Akande lauded the lawmaker, describing him as a luminary whose life has been marked by distinguished service to the nation.

“Today, I join the world in celebrating you on your special day, as you mark 61 years of God’s abundant love and glorious impact on humanity,” the former NCC gaffer expressed.

He added, “I wish you many more years of God’s grace in your life.”

 

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Labour union protests Heritage Bank’s dismissal of 1,000 workers

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The headquarters of Heritage Bank at Victoria Island, Lagos, was besieged on Thursday by members of the labour union, protesting the recent dismissal of 1,000 support workers.

The National President of the National Union of Banks, Insurance and Financial Institutions Employees, Comrade Anthony Abakpa, led the demonstration, condemning the bank’s management for what he deemed a lack of adherence to due process in the termination of employment contracts.

Speaking during the protest, Comrade Abakpa asserted that the leadership of Heritage Bank failed to follow established protocols before executing the mass layoffs.

He emphasised the union’s commitment to pursuing justice for the affected workers, vowing to escalate their demands until the bank’s management rectifies the situation.

“We will intensify our demands for justice,” declared Comrade Abakpa, urging the bank’s management to take corrective action to address the grievances of the dismissed workers.

 

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Nigeria not using foreign reserves to defend naira, says CBN governor

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CBN governor

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, clarified that Nigeria is not utilising its foreign reserves to bolster the naira, despite recent fluctuations in reserve levels.

Speaking from Washington DC, where he is attending the International Monetary Fund-World Bank Spring Meetings, Cardoso highlighted the influx of $600 million into Nigeria’s reserves account within the past two days.

While the naira has experienced a notable appreciation against the dollar in recent weeks, climbing over 40% from approximately N1,900/$ to about N1,000/$1, Nigeria’s foreign reserves have been dwindling. As of April 15, reserves dropped to approximately $32.29 billion, marking the lowest level in over six years.

Cardoso emphasised that the shifts in reserves are typical for any country, where various financial obligations, such as debt repayments, necessitate withdrawals.

He stated, “What you’ve seen with respect to the shift in our reserves is normal in any country’s reserves where, for example, debts are due and certain payments need to be made. They are made because that is also part of keeping your credibility.”

Continuing, Cardoso underscored the dynamic nature of the market, advocating for a system driven by willing buyers, willing sellers, and price discovery.

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He emphasised, “The shift in our reserves has really little or nothing to do with defending the naira, and that is certainly not our objective.”

 

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