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Wage war on poverty, youth unemployment, Akande tasks Gani Adams
A prominent gubernatorial aspirant in Oyo State under the aegis of the All Progressives Congress, APC, Professor Adeolu Akande has tasked the new Aare Ona Kakanfo, Aare Ganiyu Adams to use his new office to wage war against poverty and youth unemployment.
According to the gubernatorial hopeful, Akande, in his congratulatory message to the new Aare Ona Kakanfo on his installation which comes up on tomorrow in the ancient city of Oyo, noted that gone were the days when Aare Ona Kakanfo’s primary duty was to wage war on the enemies of the Oyo Empire.
He said the most damaging wars ravaging the Yoruba people today, like other Nigerians, are poverty and youth unemployment.
“The most damaging wars ravaging our people are poverty and youth unemployment. These are the wars I implore you to wage.
“There is hardly any household in Yorubaland that does not harbour some unemployed youths. There is no corner of Yorubaland we do not witness poverty on all fours.The war we need to fight are the wars to ensure youth employment and to banish poverty”, said Akande.
Akande also advised the new Aare Ona Kakanfo to use his extensive contacts among Yoruba in diaspora to attract initiatives and engagements that will help provide jobs for the youths.
Akande charged him further to use his network of Oodua Peoples Congress, OPC within the country to help mobilise for purposeful leadership at every strata of the Nigerian political landscape.
Professor Akande, thereafter paid a glowing tribute to the Alaafin of Oyo for the choice of Ganiyu Adams as the Are Ona Kakanfo.
“It is noteworthy that the new Aare Ona Kakanfo was born about the time Kabiyesi ascended the throne of his forefathers. There is no better way to demonstrate belief in the capacity of Nigerian youths than investing someone of the new Aare’s age with the enormous responsibilities of Aare Ona Kakanfo.
“I congratulate Kabiyesi on the auspicious occasion of his 47th anniversary on the historic throne of Alaafin of Oyo. It is noteworthy that Oyo within this period had graduated into a major city of note, including being host to two universities, two colleges of education and the only College of Survey in Nigeria”, Akande added.
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.”
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.
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.
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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