News
Oyo: Makinde Appoints Varsity Don, Babatunde As Economic Adviser
Governor Seyi Makinde of Oyo state has approved the appointment of a seasoned Economist from the Department of Economics, University of Ibadan, Dr. Musibau Babatunde, as his Chief Economic Adviser.
Governor Makinde, in a statement signed on Tuesday by his Chief Press Secretary, Mr. Taiwo Adisa, confirmed that Babatunde’s appointment takes immediate effect.
The governor, who had announced a four-point developmental agenda for Oyo State, had named the expansion of the state’s economy as one of the key pillars.
He wished the newly-appointed Economic Adviser success in the endeavour to join him make a good turnaround in the economic situation of Oyo State.
The statement added that Dr. Babatunde, who was a recipient of the World Trade Organization (WTO) Doctoral Internship Visiting Scholar Support Award, Geneva, Switzerland, in September 2005, was educated at the Nigerian Premier University, the University of Ibadan, where he graduated with a B.Sc Economics degree.
He also obtained his Masters and Ph.D degrees from the same institution and had also served as Director in the Industrial Policy Course in Africa and Domestic Resource Mobilisation for Investment for African Policy Makers with the United Nations African Institute for Economic Development and Planning (IDEP), Dakar, Senegal.
Dr. Babatunde emerged as the Overall Best Graduating Student in the Masters of Science Degree in Economics at the University of Ibadan and became a recipient of the African Economic Research Consortium (AERC), Nairobi, Collaborative PhD Scholarship Award for African Scholars.
The statement added that Dr. Babatunde had equally served as Consultant to the National Factsheet on the Impact of Economic Partnership Agreement on Selected Sectors of the Nigerian Economy; Export Supply Response Capacity Constraints In Nigeria; Output Market Initiatives.
Dr. Babatunde’s public sector assignments had seen him work as the Chief Consultant on Niger State Economic Development Strategy in December 2008; Coordinating Consultant on Niger State Vision 3:2020 Document and Niger State Local Governments Vision 3:2020 Document in March 2010.
The Economics lecturer was awarded the Doctorate Degree in Economics on June 30, 2007. He joined the Department of Economics, University of Ibadan as an Assistant Lecturer on November 1st 2006. He is a currently a Senior Lecturer in the Economics Department and currently being assessed for the rank of Professor.
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.
-
Politics6 days agoOyo Rep. Member, Akinmoyede Appoints Three More Aides
-
Crime & Court1 week ago
EFCC Chair Raises Alarm on Rampant Fraud in Nigeria’s Electricity Sector
-
Health7 days ago
Oyo: Tragedy As Bride-to-Be Among Four Dead in Suspected Lassa Fever Outbreak
-
Politics5 days ago
#OndoDecides2024: Rep Oseni Hails Aiyedatiwa’s Victory, Commends Residents for Peaceful Polls
