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Ajimobi promises shrewd management of endowment fund.
Governor Abiola Ajimobi of Oyo State has disclosed that the recently introduced health insurance scheme is compulsory for all residents of the state, assuring that funds realized from the N50bn endowment will be judiciously utilized and well accounted for in line with the administration’s tradition of prudence, transparency and accountability.
The governor said that the N650 month subscription fee for the health insurance will be deducted from the salaries of workers in the state, stressing that the workers of state’s contractors will also be mandated to subscribe to the scheme.
Governor Ajimobi made these disclosures on Thursday at the official launch of the N50 billion HealthCare Endowment Fund, which attracted donations and pledges from International organisations, private sectors, government functionaries, traditional rulers and eminent personalities, for the restoration and transformation of government hospitals and health centres in the state held at the International Conference Centre, UI, Ibadan
He said “the recently introduced Health Care Insurance Scheme is a move in this direction. Our target is the active participation of all and sundry in the development, management and funding of Health Care Services. While I heartily appreciate the high level of subscription already recorded, I wish to enjoin all those who are yet to register to go forth now to enjoin the benefits.”
The governor explained that there are growing examples in Nigeria where private sector involvement in healthcare delivery is helping in no small measure to complement Government’s efforts in the provision of efficient and sustainable healthcare services, noting that as individuals and corporate bodies, everyone should give back to the system part of what the system has given to us.
Governor Ajimobi stated that private sector involvement in healthcare dates back to 1883 when compulsory sickness insurance was introduced in Germany for some categories of workers. Pointing out that this marked the establishment of the first model of mandatory healthcare insurance in the Western world.
According to him, “Our administration has also realized the fact that we cannot fund the health sector alone without the active support of, and assistance from, the private sector and corporate bodies. We must, therefore, do all within our capacity to promote and achieve healthy living in our State.
“The endowment fund will no doubt, take care of most of the issues which have arisen from the dearth of fund owing to the dwindling resources of Government. I therefore charge you all to join us in our avowed commitment to revolutionize the health sector for enhanced service delivery as our administration has identified and treated health as one of the cardinal sectors,” he added.
Governor Ajimobi, who charged everybody to take the issue of their health seriously with regular check-ups, stated that the government has constituted a Board of Trustees consisting of eminent personalities and people of high moral standing to manage the fund, saying “let me assure you all that the Fund we are endowing today will be judiciously utilized and well accounted for in line with our administration’s tradition of prudence, transparency and accountability. As such, you are all assured of prudent application of the fund.”
In his address, the Chief Launcher at the Endowment Fund, Dr Paul Abolo said that health should not a humanitarian issue nor philanthropic, stating that it should be seen as the responsibilities of all to provide quality health care delivery.
The State Commissioner for Health, promised that the fund realized from the endowment fund will be used for equip the state hospitals, assuring that the Primary Health Centre in the state will be upgraded to international standard in the next 6months.
In his own speech, the Consultant on the endowment fund and Managing Director of HealthCare Communications noted that the concept of an endowment fund is international, stating that 30/40% of investment in Health comes from high networth individuals.
US car giant Ford on Wednesday announced 4,000 more job cuts in Europe, mostly in Germany and Britain, in the latest blow to the continent’s beleaguered car industry.
“The company has incurred significant losses in recent years,” Ford said in a statement, blaming “the industry shift to electrified vehicles and new competition”.
The move will affect 2,900 jobs in Germany, 800 in the UK and 300 in western Europe by the end of 2027, a Ford spokesman told AFP.
“It is critical to take difficult but decisive action to ensure Ford’s future competitiveness in Europe,” said Dave Johnston, Ford’s European vice-president in the statement.
The company also said it was adjusting the production of its Explorer and Capri models, resulting in reduced hours at its Cologne plant in the first quarter of 2025.
Europe’s car industry has been plunged into crisis by high manufacturing costs, a stuttering switch to electric vehicles and increased competition in key market China.
Germany’s Volkswagen has been among those hardest hit, announcing in September that it was considering the unprecedented move of closing some factories in Germany.
“The European automotive industry is in a very demanding and serious situation,” Volkswagen CEO Oliver Blume said at the time.
Ford had already announced in February 2023 that it was planning to cut 3,800 jobs in Europe, including 2,300 in Germany and 1,300 in Britain.
The company said then it was planning to reduce the number of models developed for Europe, concentrate on the profitable van segment and speed up the transition to electric vehicles.
Ford currently has around 28,000 employees in Europe with 15,000 in Germany, according to the company’s works council.
President Bola Tinubu has approved the dissolution of the Governing Council of Nnamdi Azikiwe University (UNIZIK), Awka, Anambra State, and the removal of the institution’s Vice-Chancellor, Prof. Bernard Ifeanyi Odoh, and Registrar, Mrs. Rosemary Ifoema Nwokike.
The council, chaired by Ambassador Greg Ozumba Mbadiwe, comprised five other members: Hafiz Oladejo, Augustine Onyedebelu, Engr. Amioleran Osahon, and Rtd. Gen. Funsho Oyeneyin.
A statement released on Wednesday by presidential spokesperson, Bayo Onanuga, revealed that the council was dissolved following reports of procedural violations in appointing the vice-chancellor.
According to the statement, the council had allegedly appointed an unqualified candidate, disregarding due process, which triggered tensions between the university’s Senate and the council.
The Federal Government expressed dismay over the council’s actions, emphasizing the need for adherence to the university’s governing laws in decision-making.
“The council’s disregard for established rules necessitated the government’s intervention to restore order to the 33-year-old institution,” the statement noted.
In a related development, President Tinubu also approved the dismissal of Engr. Ohieku Muhammed Salami, the Pro-Chancellor and Chairman of the Governing Council of the Federal University of Health Sciences, Otukpo, Benue State.
Salami was accused of suspending the university’s Vice-Chancellor without following the prescribed procedures, a move the Federal Ministry of Education had previously directed him to reverse.
Despite the Ministry’s directives, Salami reportedly refused to comply and resorted to issuing threats and abusive remarks towards the Ministry’s officials, including the Permanent Secretary.
The Federal Government reiterated that the primary role of university councils is to ensure the smooth operation of academic activities, strictly adhering to the laws establishing each institution.
Tinubu warned university councils against engaging in actions that could destabilize their institutions, as his administration remains committed to enhancing the nation’s education system.
The Ekiti State Government has reached an agreement with labour leaders in the state, signing a Memorandum of Understanding (MoU) for the payment of the N70,000 minimum wage approved by the Federal Government.
Addressing journalists at a brief ceremony in Ado-Ekiti on Tuesday, the Head of Service (HoS), Dr. Folakemi Olomojobi, announced that the payment would commence immediately.
She lauded Governor Biodun Oyebanji for prioritizing the welfare of workers despite the state’s limited resources.
“This development demonstrates the governor’s commitment to improving the livelihood of our workers,” Dr. Olomojobi stated, highlighting the proactive measures taken by the administration to ensure prompt implementation.
In their remarks, the Trade Union Congress (TUC) Chairman, Comrade Sola Adigun, and the Nigeria Labour Congress (NLC) Chairman, Comrade Olatunde Kolapo, expressed their appreciation to Governor Oyebanji for fulfilling his promises to workers.
They confirmed that the new minimum wage would apply to all cadres, including employees in ministries, parastatals, agencies, and pensioners.
The Chairman of the Joint Negotiating Committee (JNC), Comrade Femi Ajoloko, described the implementation as a fair and commendable adjustment.
“This decision reflects the governor’s magnanimity and his dedication to fostering a productive workforce in Ekiti State,” he said.
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