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Group Empowers 150 indigent citizens, Says Ekiti Has no Reason to Be Poor

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Ekit Development Front (EDF), has attributed the poor handling of the economy under Governor Ayodele Fayose led Peoples Democratic Party (PDP) government as the root cause of high level of poverty in the state.

The group noted that the state has abundant human and material resources that could be deployed for Ekiti economic prosperity, if they are judiciously harnessed by the present administration.

EDF said this in Ikere Ekiti on Wednesday while empowering 150 residents of Ekiti South senatorial district, comprising Ikere, Gbonyin, Ekiti East, Emure, Ekiti Southwest and Ise/Orun councils.

Materials donated include, Clippers, Dryers, sewing machines, compressors, generating sets, mixers, food stuff, washing machines, grinding machines and cash gifts.

The group also flagged off its social security scheme, where beneficiaries will be receiving monthly stipends if criteria set are met in line with the model set by Dr. Kayode Fayemi while superintending over the state.

The EDF Coordinator, Barrister Adeoye Aribasoye, while addressing the beneficiaries, advised that the best way for anyone to escape the menace of poverty is to be economically active.

Aribasoye noted that the self-employment has become the veritable way for people to get engaged in productive jobs with the dearth of white collar jobs at both state and the federal levels.

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“There is no job now in the state, because we have a government that can’t think outside the box to create wealth for its people.

“If a government is claiming that it has employed people, it doesn’t mean you have taken them into the state civil service. A government can create opportunities through private individuals and give support to the organizations to be able to pay those in its employ.

“It happened under Governor Kayode Fayemi’s regime when the State Job Creation Agency partnered with private bodies for the training of unemployed graduates for them to be self reliant.

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“ Government at that time would pay for the training and also paid the salaries of those employed by the private organizations for some time.

“We are pleading with you to use this opportunity very well. In a modern economy we are, one can begin a business with little amount and with dedication, he can go places.

“This organization doesn’t believe in tokenism. We could have given you a sachet of rice and N1,000, but these will take you nowhere.

“But with the little we have given you, you can start something on your own and with dedication and commitment to what you are doing, sky would be your starting point”, he said.

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Aribasoye assured that the organization will continue to partner with private individuals and philanthropy bodies to put smiles on the faces of the people.

The coordinator said time has come for individuals and organization to begin to champion philanthropic gestures, to serve as a bulwark and reinforce the opportunities for the ones being provided by the government at all levels.

“What we are doing is not politically inclined, we are doing it to reduce poverty. And whatever we give out doesn’t have political colouration. We perceived all Ekiti indigenes as one, whether you are PDP or APC.

“We shall continue to relate with Ekiti people irrespective of class, political affiliations and ethnic affinity, because making Ekiti a good place for all is our utmost aim and that we shall achieve”, he stated.

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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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