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Oyo govt. gives career option to repeaters.

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AGAINST the backdrop of ‘no automatic promotion’ policy for students in public secondary schools in the state, the Oyo state government said on Tuesday that for repeaters who would not like to continue in the secondary school, there is always the option of state owned Technical Colleges towards choosing the right career for themselves, which would make their professional life.

The state commissioner for Education, Science and Technology, Professor Adeniyi Olowofela stated this at the sensitization workshop on key policy directions towards improved secondary school system in Oyo State held at the cultural centre, Mokola, Ibadan.

Considering the unfavorable impression, Olowofela noted that there is an urgent need to expose the parents to the benefits of technical and vocational education as solution to growing youth unemployment and restiveness.

He said, “in this constantly changing and increasingly competitive world, that country will not prosper, which has a large population of uneducated youth. Oyo State’s pacesetter status makes us ever forward looking.

“The situation of repeaters in our secondary schools is at variance with the vision of the government of the day to make the State a knowledge based economy, where unemployed graduates and secondary school leavers are equipped with competitive support service skills that make them sought after by employers”.

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Speaking further, the commissioner recalled that the ‘No Automatic Promotion’ policy led to several unsavoury fallouts, saying that having been fully convinced of the beneficial nature of the policy, government forged ahead and the schools are beginning to reap the dividends accruable therefrom.

“However, an aspect of the unsavoury outcome of the policy I must not fail to mention here is the escalation in the rate of truancy and anti – social behaviours in our schools, being perpetrated by repeaters who have stopped attending classes. The Ministry has been kept on her toes working with schools to deal with the ‘no man’s land’ set up by these students. Known by different names – School Two, Phase Two, Abete, Forest, Sambisa, Desert – these locations serve as hideout where repeaters indulge their baser natures”, he explained.

While appreciating the parents for their cooperation with government in its move to restore education in the state to a sound footing, he assured that with their continued cooperation, the Ministry under his watch will continue to work in the best interests of their wards and children according to the vision of the present administration in the state.

Earlier in his welcome address, the Chairman, Centre for Organizational and Professional Ethics (COPE – Africa), Dr Adeyeye Adewole disclosed that the program is part of the re – positioning agenda of Oyo state government aimed at creating necessary awareness and proactive response mechanism from among critical stakeholders as well as engender much needed support so that everyone can adequately key into the on – going reformative strategies towards sustainable development of Oyo state educational system.

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Adeyeye added that other key features of the program are to enlighten and brainstorm on key policy directions of government particularly the ‘no automatic promotion ‘ policy and the needs for other stakeholders such as parents to wake up to their responsibility as well as to provoke attitudinal change towards technical and vocational education by encouraging enrolments of pupils into available Oyo state Technical Institutions because of assurances of job creation and future prospect in the present dispensation.

He, however commended the state government for the boldness, passion and commitment to addressing critical challenges that have bedeviled the education system over time.

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CBN orders banks to suspend deposit charges

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The Central Bank of Nigeria (CBN) has directed deposit money banks and financial institutions to suspend processing fees on deposits until September 30, 2024.

In a circular dated May 6, 2024, the apex bank ordered financial institutions to suspend processing charges imposed on cash deposits above N500,000 for individuals and N3,000,000 for corporates.

This directive, signed by the CBN’s Acting Director of Banking Supervision, Adetona Adedeji, aims to alleviate financial burdens on depositors.

The recent directive follows previous instructions from the CBN, which mandated deposit money banks to impose a 0.5% cybersecurity levy on transactions, a move that has stirred public outcry.

The circular stated, “Please refer to our letter dated December 11, 2023, referenced BSD/DIR/PUB/LAB/016/023 on the above subject, suspending processing charges imposed on cash deposits above N500,000 for individuals and N3,000,000 for corporates as contained in the ‘Guide to Charges by Banks, Other Financial Institutions and Non-Bank Financial Institutions’ issued on December 20, 2019.”

It continued, “The Central Bank of Nigeria hereby extends the suspension of the processing fees of 2% and 3% previously charged on all cash deposits above these thresholds until September 30, 2024. Consequently, all financial institutions regulated by the CBN should continue to accept all cash deposits from the public without any charges until September 30, 2024.”

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TUC threatens massive protest over cybersecurity levy

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FILES: TUC President Festus Osifo during a labour rally

 

The Trade Union Congress (TUC) has issued a stern warning to the Nigerian government, threatening a large-scale protest that could bring the economy to a standstill if the controversial cybersecurity levy introduced by the Central Bank of Nigeria (CBN) is not revoked.

In a statement released on Wednesday, TUC President, Festus Osifo, criticised the recent directive by the CBN imposing a 0.5 per cent cybersecurity levy on nearly all electronic transactions.

This move comes on the heels of heavy criticism from the Nigeria Labour Congress (NLC), which labeled the levy as an additional burden on Nigerians.

The TUC condemned the timing of the levy, highlighting the economic challenges already faced by Nigerians, including the devaluation of the Naira, high petrol prices, and increased electricity tariffs.

Expressing dismay over government policies under the leadership of President Bola Tinubu, the TUC lamented the burden of multiple taxation endured by Nigerian account holders, both from the government and financial institutions.

The union further accused the National Assembly of colluding with elements in the executive to exploit citizens rather than protect them.

TUC emphasised that Nigerians are currently focused on concluding discussions regarding the minimum wage, urging the Federal Government to prioritise this over what it described as a “vexatious policy.”

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It demanded the immediate withdrawal of the CBN circular to banks and the cancellation of the levy.

Warning of drastic action if their demands are not met, the TUC declared its readiness to mobilise members, stakeholders, and the masses for an immediate protest, potentially leading to the complete shutdown of the Nigerian economy.

According to the TUC, this levy represents one exploitation too many for the Nigerian populace.

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Ndume slams senate chamber renovation as ‘poor job’

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The Senate Chief Whip, Ali Ndume, has voiced his dissatisfaction with the recent renovation work carried out in the Senate Chamber, labeling it as substandard.

Under Order 42 of the Senate Standing Rules, Ndume expressed his concerns, highlighting various issues such as the poor quality of the sound system leading to echoes, inadequate sitting arrangements, and the absence of voting devices.

He remarked, “Since day one, precisely last week Tuesday when we moved into this Chamber that was supposed to have been renovated, there have been complaints here and there.”

In response, the President of the Senate, Godswill Akpabio, clarified that the sitting arrangement complaints among Senators have been largely resolved, noting that the renovation contract was not executed by the 10th National Assembly.

Meanwhile, in legislative proceedings, the Senate passed for the second reading a Bill aimed at repealing the Revenue, Mobilization, Allocation and Fiscal Commission Act of 2004.

The new legislation seeks to grant the Commission enforcement powers for monitoring revenue accruals and disbursement from the federation account, aligning it with the amended 1999 constitution.

Despite the bill’s passage, lawmakers have agreed to subject it to further scrutiny, with plans to revisit its provisions.

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The bill has been referred to the Committee on Finance, Appropriations, and Economic and Financial Planning for review, with a report expected within four weeks.

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