News
Oyo govt. reiterates commitment to quality education.
* Lauds old student’s contributions.
OYO state commissioner for Education, Science and Technology, Professor Adeniyi Olowofela on Friday reiterated the state government’s commitment in the direction of the provision of quality education through adequate teaching and learning materials, adding that the government is supplying furniture to schools with series of renovation going on in most schools in the state with a view to make the learning environment friendly to the learners.
Olowofela stated this at the official commissioning of the newly renovated block of four classrooms and two staff rooms donated by 1991 set of Anwar-ul-Islam Grammar School, Eleyele in Ibadan, the state capital.
Applauding the efforts of the old students for improving the facilities of their unforgettable alma-mater and responding to the clarion call of the present administration for Public Private Partnership (PPP), the Commissioner noted , “it is a known fact that all over the world, the business of education has always been the joint collaborative efforts of the government, the private sectors, the philanthropists, and other stakeholders in education, all have immense roles to play in the education industry”.
Newly renovated block of four classrooms and two staff rooms donated by 1991 set.
Speaking further, Olowofela also charged the parents, “do not forget that you are the first teacher to these children, do not compromise standard nor substitute moral teachings for civilization. Give them what it takes to be successful in life like this 1991 set, visit the school on the day set aside for the open day as the class teacher and the subject teachers were readily available to give you all the details needed on your wards.
” Be it on moral or academics; cooperate with the School Governing Board members of your school to fast track the development programmes in the school”, he advised.
The Commissioner, however admonished the management of the school and the students to take good care of the facilities.
In his remarks, Senator Adesoji Akanbi representing Oyo South Senatorial District commended the state government for its firm approach towards reclaiming the lost glory of the state education sector through the launching of School Governing Board’ (SGB) policy as well as improving its quality.
Earlier in his welcome address, the National President of Anwar-ul-Islam Grammar School Old Students Association, Engr. Layi Alaka enumerated several contributions made by the association towards the provision of infrastructure in the school.
Alaka emphasized further that the major task at the national level is to coordinate, encourage and mobilize members to contribute to the development of their alma mater. ” We are to provide a level play ground and to sensitize individuals and sets to engage in healthy rivalry in the provision of infrastructural facilities and the general upliftment of educational standard in the school “.
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.”
Dangote Petroleum Refinery has made headlines by announcing a further reduction in the price of diesel, dropping it from ₦1200 to ₦1000 naira per litre.
The refinery’s decision comes on the heels of its recent supply at a significantly reduced price of ₦1200 per litre, which was introduced three weeks ago, signifying a remarkable 30 per cent decrease from the previous market price of approximately ₦1600 per litre.
This substantial reduction in diesel prices at Dangote Petroleum Refinery is expected to reiterate positively throughout various sectors of the economy, potentially serving as a catalyst in alleviating the persistently high inflation rate in the country.
In a statement last week, Aliko Dangote, Africa’s wealthiest individual and the owner of the refinery, expressed his optimism regarding the potential impact of the price reduction on inflation in Nigeria.
“I believe that we are on the right track. I believe Nigerians have been patient, and I also believe that a lot of goodies will now come through. There’s quite a lot of improvement because if you look at it, one of the major issues that we’ve had was the naira devaluation that has gone very aggressively up to about ₦1900,” he remarked.
As anticipation builds around the implications of this move by Dangote Petroleum Refinery, stakeholders and consumers alike remain hopeful for the positive effects it could bring to the Nigerian economy in the coming months.
-
Opinion4 days agoTinubu’s Naira Miracle: Abracadabra or Economic Wizardry? | By Adeniyi Olowofela
-
Politics4 days ago
Why Oyo State cannot afford another 3 years of Makinde’s mismanagement of council funds
-
Politics1 week ago
APC Urges Fairness in Oyo LG Election
-
Politics1 week ago
Ex-Kano governor, Ganduje to be arraigned for alleged bribery, diversion
