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NGO trains 200 youths on entrepreneurial skills, distributes equipment in Ibadan

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• urges govt. to invest more on vocational studies

As part of efforts aimed at alleviating poverty, unemployment and social vices in the country, a non-governmental organisation under the aegis of Adegboyega Adegoke Resource Centre (AARC) has trained and empowered over 200 youths with requisite entrepreneurial skills to be self-reliance.

Speaking at the graduation and distribution of working tools to young people who have undergone several forms of vocational training at the centre on Wednesday, in Ibadan, the Oyo state capital, the Chief Executive Officer (CEO) and Chairman, Adegboyega Adegoke Resource Centre (AARC), Oloye Adegboyega Taofeek Adegoke noted that the only way to minimize poverty and curb social vices among youths in the country is the human development through vocational training and entrepreneurial skills.

 

Adegoke, who is the Executive Director Finance and Chief Financial Officer of OES Energy Services stressed that the training and empowerment will go a long way in reducing poverty, joblessness and the attendant crimes among the youths in the society

The Ajia Balogun Olubadan of Ibadanland also maintained that when youths are engaged and impacted with Knowledge through vocational training and studies, social vices and poverty would be reduced to the barest minimal.

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While urging states and federal government to invest more on
vocational studies, Adegoke insisted that government can reduce social vices among the youths through handiwork rather than focusing alone on white collar job.

According to him, “there is poverty and unemployment in the land coupled with the consequences such as social vices, which we can reduce drastically if the government, corporate bodies, foundation and individual philanthropist can invest in vocational studies, by doing so many youths will be engaged and they will be far away from social vices, that can dent their image and that of their families.

“In my own little way in contributing to youth development and poverty alleviation, my foundation, Adegboyega Adegoke Resource Centre has device a vocational training for youths in several aspects such as candle and soap making, hairdressing, chalk making, tailoring, computer engineering, POP and others.

“We are presenting working tools to about 75 of them today, out of 200 as first batch to follow Covid-19 protocol, another two batches will follow in the next few weeks time. Parts of what we are distributing include sewing machines, hair dryer, laptops and computers, generators, cash and other working implements.

“We have trained people on how to be self-reliant and to become an entrepreneur. This will help in alleviating the poverty level in the state and country at large, and to generate income for themselves. The way the country is going now, you cannot rely on white collar job.

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“We are also orientating the beneficiaries to be self-reliant instead of waiting for white-collar jobs that we all know are not there. They will be taught to have a saving culture.

“This kind of programme will put an end to youth unrest because when youths are gainfully engaged, they would not have time for unproductive activities like engaging in violent acts and all that”, he concluded

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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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