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Ambassador Adeyemi urge youths to be enterprising.

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THE President-General of the World Youth Organisation (WYO), Ambassador Adeniyi Adeyemi has urged the youths to be more enterprising so as to build a better Nigeria, just as he enjoined them to imbibe the spirit of creativity and integrity to succeed in an increasingly dynamic and globalised world and not sit idly for the governments to provide all the jobs they needed.

Contained in a statement issued by his spokesperson, Mr. Adeola Badru, the President -General noted that the call was imperative to awaken in the youths to creativity, enterprising spirit and values necessary to identify and harness business or job opportunities in their environment.

Amb. Adeyemi blamed the increasing joblessness of the youths on the nation’s economic model, which he averred had outlived its effectiveness.

He also noted that Nigeria’s economic model placed the government as the main employer of labour, but expressed regrets that the government is today faced with a situation where jobs demand far outstripped available space.

Continuing, Ambassador Adeyemi said this informed why his administration as President-General of the World Youth Organisation, on assumption of office, had policies to support the youths in setting up their own companies and equip them to earn their own wages.

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Highlighting his plans, Ambassador Adeyemi stressed that his administration had identified agriculture and agri-business, artisanal and technical vocations, commerce and industry, environment, sports and entertainment as areas where the youths could explore to create jobs for themselves.

“To ensure that there are enough jobs for our youths today and for those that will enter the labour market in 30 years, there must be a deliberate policy to support our youths in setting up their own companies; we must equip them to earn their own wages. The good news is that our youths are ready to be their own bosses.”

“So my focus is to show young people like myself the many ways they could go. My administration will work with various international organisations on acquiring the skills, tools and support necessary to become employers of labour”, he assured.

Similarly, Adeyemi admonished governments at various levels to assist the youths to translate commercial ideas into marketable businesses, adding that: “If neither the public nor the private sector cannot employ them, we must help them to employ themselves.”

“Unemployment has been growing at a rapid rate alongside our population. The World Bank report shows that unemployment has not decreased since 1999 and, that in particular, youth unemployment has been on the rise. Unemployment among the youth is put at 35.9%, which when compared with national overall unemployment of 21.1% is significantly high.”

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“So, our approach to youth emancipation must have geographical breath, to cover rural and urban areas; sectoral breadth to accommodate people seeking work at the two extremes of educational attainment; and must take into consideration the structural obstacles faced by all and most especially our women,” he reiterated.

He further stressed that the university education they had was to open their minds to possibilities, pointing out that the real value of their  education was the way they processed the information in their environment.

The world youth president, however charged the three tiers of government to invest more in youth development rather than building infrastructure.

“No matter how many bridges you (government) build or how many roads you construct if you don’t empower the youths all the efforts may go to waste.”

“Building people is key, let us grow people and not buildings, let us build a society where we all value human lives, a society where we live by the rule of law and not by the rules of men,” he appealed.

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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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