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Ajimobi, Emefiele, Ibidapo-Obe, Afolabi, others for TechU Buildings commissioning Tuesday.
THE Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, Fellow and former President of the Academy of Science, Professor Oyewusi Ibidapo Obe, Former Head of service of the Federation, Professor Oladapo Afolabi, and the Olubadan in Council are among the dignitaries expected as the Governor of Oyo State, Senator Abiola Ajimobi officially commissions the CBN intervention project for The Technical University, Ibadan (TechU).
Mr. Toye Arulogun, the state Commissioner for Information, Culture and Tourism, disclosed this at the weekend while featuring on a live radio programme, stating that the commissioning is billed for Tuesday, June 6, at the Tech U permanent site, km 15, Ibadan/Lagos expressway.
He added that the governing board of this first of its kind in Nigeria institution will also be inaugurated on the day, saying that the board is headed by the former Vice chancellor of the University of Lagos (UNILAG), Prof. Oyewusi Ibidapo Obe.
Arulogun noted that the series of activities marking the 6th anniversary of Governor Ajimobi in office continues, adding that the state government would unveil its e- Governance platform on Monday to continue the commemorative activities for the anniversary.
The Commissioner said that Governor Ajimobi is expected to commission the Apex Bank’s intervention project for TechU which consists of a Central e-Library space for 500 students, 10 offices, 12 units of toilet facilities as well as a block of 24 lecture rooms which has 11 Administrative offices, furniture, borehole, a 500KVA Generating set, street lights, CCTV cameras, air conditioners and additional toilets facilities for male and female students.
Arulogun explained that the CBN buildings were constructed on about 1.455 hectares of land, assuring that the state will embark on additional developments on the 200 hectare university to actualize the vision behind the establishment of the TechU which is to provide technical knowledge and support base for the industrial revolution of the state and Nigeria as a whole.
The government spokesman assured that the government is assiduously working towards the October 2017 resumption date, noting that the state government would only provide seed money for the take – off of the university and there won’t be any form of subvention after then as it would operate on a pubic – private – partnership platform.
He said that the vision behind the institution is to be a self-financing one as the government will ultimately detach itself after mid – wifing it.
Photo credit : Tolani Alli
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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