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Oyo commences massive infrastructure development in schools.

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THE Abiola Ajimobi led administration in Oyo state at the weekend unearthed that about N5bn will be expended to repair the dilapidating structures in both primary and secondary schools in the state.

The state Commissioner for Education, Science and Technology Professor Adeniyi Olowofela, who disclosed this during a meeting with the state chapter’s leaders and representatives of the Nigerian Union of Teachers (NUT), Association of Primary School Head Teachers of Nigeria (AOPSHON)  and All Nigeria Confederation of Principals of Secondary Schools (ANCOPSS) explained that N3b counterpart funding will be spent on primary education, while N1.9bn generated from the students’ levies and state government internally generated revenue will be spent on secondary schools in the state.

Professor Olowofela noted that every step needed to take for the smooth take off of the rehabilitation of schools in the state has been concluded, adding that in the next 12 months, majority of the primary and secondary schools in the state would have worn new looks.

Olowofela averred that the state’s School Governing Boards (SGBs) for secondary schools in the state is yielding positive results with many old students’ associations working on the rehabilitation of structures in their schools while some others have signified interests, adding that the collaborative efforts between the government and stakeholders in the education sector will restore its lost glory.

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The former council chief assured the representatives of the unions that those issues, which include dilapidated plants, teachers’ promotions, dearth of instructional materials, agonies of retired primary school teachers, alleged certificate forgery, reversion of appointments in the school system among others raised at the parley will be adequately addressed and resolved.

He appreciated the doggedness and commitment of the unions to ensuring quality education in the state, urging that stakeholders should always put issues in proper perspective and be factual in their presentation to the general public.

Earlier in his address, the Secretary of NUT, Comrade Waheed Olojede said that the union is not against local government autonomy but the management and funding of primary schools should be domiciled with the state government.

He said : “There is danger in leaving the funding and management of primary school education with the local government. If the federal government does not want the repeat of the suffering of primary school teachers and neglect of primary education between 1990–94, the funding of primary education should not be put under the whims and caprices of local government councils. The government could give the responsibility of management and funding of primary education to Universal Basic Education Commission (UBEC). We are not against local government autonomy but what we are against total control of funding and management of primary by the local government.”

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Comrade Olojede, who observed that the SGB has lifted some of the difficulties and burden of schools management from the Oyo State Government, commended the state government for its efforts and initiatives to revive the education sector, appealing that the government should address the issues raised in due course.

 

 

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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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