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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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Senate Approves Tinubu’s $500m Loan for Power Sector Boost

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The Nigerian Senate has approved President Bola Tinubu’s $500 million loan request intended to bolster the operations of the Bureau of Public Enterprises (BPE) to enhance the financial and technical performance of electricity distribution companies, ultimately benefiting citizens.

The endorsement, announced on Tuesday, follows a thorough examination of the report presented by Senator Aliyu Wamakko, who heads the Senate Committee on Local and Foreign Debts overseeing the 2022 – 2024 External Borrowing (Rolling) Plan specifically for the Bureau of Public Enterprises (BPE).

During the presentation of the report, Senator Haruna Manu, serving as the Vice Chairman of the Committee, emphasised the importance for the Senate to duly receive and deliberate upon the report of the Committee on Local and Foreign Debts concerning the 2022 – 2024 External Borrowing (Rolling) Plan for the Bureau of Public Enterprises (BPE).

The $500 million loan constitutes a portion of the $7.94 billion loan originally requested by President Bola Tinubu on November 1st, 2023, within the framework of the 2022-2024 external borrowing plan. In addition to the $500 million, President Tinubu also sought approval for a €100 million loan.

However, during a special plenary session on December 30, the Senate greenlit the borrowing of $7.4 billion after careful consideration of the report furnished by the Committee on Local and Foreign Debt.

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Melinda Gates Resigns from Gates Foundation, Set to Receive $12.5 Billion

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In this file photo taken on September 26, 2018, Bill Gates and his ex-wife, Melinda Gates, introduce the goalkeepers event at the Lincoln Center in New York. Ludovic MARIN / AFP

Melinda French Gates announced Monday she was leaving the philanthropy mega foundation she established with her ex-husband, Microsoft co-founder Bill Gates.

The resignation, which becomes effective on June 7, will leave Bill Gates as the sole chair of one of the world’s most influential and powerful non-governmental organizations.

“After careful thought and reflection, I have decided to resign from my role as co-chair of the Bill & Melinda Gates Foundation,” Melinda French Gates wrote in a statement posted on social media.

The statement gave no reason for her departure, but noted that “under the terms of my agreement with Bill, in leaving the foundation, I will have an additional $12.5 billion to commit to my work on behalf of women and families.”

The couple married in 1994 but announced their divorce in 2021.

They had continued to co-chair the foundation which they established in 2001 with the vast wealth acquired through the success of Microsoft.

With a focus on child poverty and preventable diseases, the foundation has been heavily involved in fighting malaria and in providing toilets and sanitation in poorer parts of the world.

The foundation’s website says it has spent $53.8 billion since 2000, and claims the number of children around the world who die before their fifth birthday has halved in this time.

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Bill Gates thanked his ex-wife for her “critical contributions” to the organization.

“As a co-founder and co-chair Melinda has been instrumental in shaping our strategies and initiatives, significantly impacting global health and gender equality,” he said.

“I am sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work.”

The organization’s chief executive, Mark Suzman, said its name would change to simply the Gates Foundation — it has been known as The Bill & Melinda Gates Foundation.

“I truly admire Melinda, and the critical role she has played in starting the foundation and in setting our values, she has played an essential role in all that we’ve accomplished over the past 24 years,” he said in a video posted to social media.

“I will miss working with her and learning from her. I look forward to seeing her continued impact.”

 

 

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EFCC calls on banks’ compliance officers to uphold confidentiality

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The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has urged Compliance Officers of Banks nationwide to refrain from unauthorised disclosure of EFCC’s investigative activities and requests made to banks’ customers.

Speaking through the Acting Zonal Director of the Ibadan Zonal Command of the EFCC, ACE I Hauwa Garba Ringim, during a stakeholders’ meeting with Compliance Officers of Banks in Oyo State on Tuesday, Olukoyede emphasised the detrimental impact such disclosures have on the investigation of financial crimes and the timely filing of corruption cases in court.

Olukoyede expressed concern over the tacit support fraudsters receive from the Nigerian banking sector, highlighting the challenges it poses to the Commission.

He urged Compliance Officers to promptly respond to EFCC’s correspondence with certified true copies of relevant documents, as this facilitates swift investigation processes.

Also, Olukoyede addressed the illegal trading of naira with Point-of-sale (POS) operators, stressing the need to curtail such practices for the benefit of Nigerians.

In response to the chairman’s directives, Compliance Officers assured the EFCC of their unwavering support and commitment to enhancing collaboration between the Commission and banks for more effective anti-corruption efforts.

 

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