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How Atiku plans to create 3 million jobs annually

Nairametrics was able to get a sneak preview of PDP Presidential candidate Atiku Abubakar’s policy document.



Intels denies NPA statement, Nigerian Ports Authority and Intels, Atiku Abubakar, Atiku claims he has big plans for private sector investment in infrastructure, Coronavirus: Atiku calls for petrol pump price reduction, stamp duty suspension

Ahead of its formal launch, Nairametrics was able to get a sneak preview of PDP Presidential candidate Atiku Abubakar’s policy document.

In it, he gives details of how if elected, he plans to create 3 million jobs annually. The former Vice President had at various times touted his job creation capacity.

Job creation

The Atiku government, if elected, aims to create 3 million jobs annually through four pathways:

The Informal Sector Pathway to jobs

Relaunch the National Open Apprenticeship Programme (NOAP) with a special focus on young men and women who may not have had the opportunity to attend school or complete basic education.

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This programme will recruit 100,000 Master Crafts Persons (MCPs) annually who will train 1,000,000 apprentices in various trades.

The School to Jobs Pathway

Support the formal TVET system and reposition the technical colleges and vocational skills acquisition centres to produce skills and competencies for innovation and the creation of new ideas and products inside enterprises from where future jobs and future prosperity will be delivered.

The Entrepreneurship Pathway

  • Speedy passage of the National Research and Innovation Fund Bill.
  • Grants, loans or equity investments in small enterprises shall be provided either as start-up capital or to scale up innovations.
  • Introduce, and actively promote a Graduate Trainee Internship Programme (GTI).
  • Improve the technical and financial capacity of the Industrial Training Fund (ITF).

MSME /ICT Special Entrepreneurship Pathway

  • Prioritise support to the MSMEs across all the economic sectors.
  • Facilitate the establishment of the SME Venture Capital Fund by the private sector.
  • Facilitate the establishment of the Financial Innovation Fund.
  • Provide special focus on the ICT sector and aggressively market Nigeria as an outsourcing destination.
  • Actively promote “Nollywood” and “Kannywood”.
  • Develop sports and sporting facilities.

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Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via [email protected]

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New PIB amends royalties by oil firms as Sylva clarifies position on scrapping of NNPC

The Minister has clarified that the new PIB seeks to commercialize the NNPC rather than scrap it.



autogas, FG to establish petroleum depot, oil and gas logistic centre in Akwa Ibom

The long-awaited new Petroleum Industry Bill (PIB), which was just submitted by President Muhammadu Buhari to the National Assembly, has taken steps to amend changes to deep water royalties made last year.

This is as the Minister of State for Petroleum Resources, Timipre Sylva, has clarified that the new PIB seeks to commercialize the Nigerian National Petroleum Corporation (NNPC) rather than scrap it.

According to Reuters, while confirming the receipt of the bill from the President, the Senate President, Ahmed Lawan, said that it would be officially presented on the floor of the 2 chambers of the National Assembly on Tuesday and would get quick consideration.

In addition to the earlier reported creation of a new company, Nigerian National Petroleum Company Limited, to take over the assets and liabilities of NNPC and the establishment of some new regulatory bodies, a section of the bill proposes an amendment to controversial changes to deep offshore royalties made late last year. This involves reducing the royalty that oil companies pay the Federal Government for offshore fields producing less than 15,000 barrels per day from 10% to 7.5%.

It would change a price-based royalty too so that it kicked in when oil prices climbed above $50 per barrel, rather than the initial $35.

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It would also codify in law that companies cannot deduct gas flaring penalties from taxes, a practice that was the subject of a court case.

Sylva made the disclosure during an interaction with journalists at the National Assembly complex after an interactive session with the leadership of the assembly.

Sylva said, “We have heard so much noise about NNPC being scrapped but that is not being envisaged by the bill at all. NNPC will not be scrapped but commercialized in line with deregulation move being made across all the streams in the sector comprising of upstream, downstream and midstream. We have said that NNPC will be commercialized.

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“But if you are talking about transforming the industry, the only new thing that we are introducing is the development of the midstream, that is the pipeline sector. So we have provided robustly for the growth of the midstream sector. Through commercialization, the required competitiveness in the sector will be achieved.

Sylva also pointed out that the host communities would have the best deal from the bill.

Nairametrics had earlier reported the scrapping of the Petroleum Product Pricing Regulatory Agency (PPPRA) and the Petroleum Equalization Fund (PEF) in the proposed new bill, in addition to the creation of a new entity, NNPC Ltd.

The Federal Government is expected to pay cash for shares of the company, which would operate as a commercial entity without access to state funds.

The changes could make it easier for the struggling company to raise funds. However, the bill does not require the government to sell shares in the company and, unlike previous reform proposals, does not set a deadline for privatization to be completed.

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Tech News

Software bug brings down Microsoft Teams, Azure

Microsoft’s Teams app recently experience a bit of a glitch that affected services globally.



Microsoft plans to train 25 million workers for free in 2020

Microsoft recently disclosed that it was investigating an outage that brought down its cloud-based office services, including the meetings software, Teams, worldwide.

Microsoft reported challenges with authentication for its cloud services at around 9.25 pm UTC, meaning people were having issues logging into the online services; Teams, Outlook, and Office. The outage had affected services globally.

In a series of tweets sent by the world’s most valuable software maker and seen by Nairametrics, the company said:

“We’re investigating an issue affecting access to multiple Microsoft 365 services. We’re working to identify the full impact and will provide more information shortly.

“We’ve published MO222965 to the Microsoft 365 Admin Dashboard, and will also be updating with updates to our investigation.

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“We’ve identified a recent change that appears to be the source of the issue. We’re rolling back the change to mitigate the impact. Please follow for updates on this issue if you are unable to access the admin portal.”

Why it’s important: In the midst of the COVID-19 pandemic, value chain services like Teams have been critical for individuals, and businesses working remotely.

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In the month of April, Microsoft reported 75 million daily active users on Teams as a result of more people working from home.

With so many users depending on its services, Microsoft cannot afford to have any downtime. However, it reported that the services were mostly restored, though a small subset of customers in North America and the Asia Pacific were still unable to access them.

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COVID-19 Update in Nigeria

On the 28th of September 2020, 136 new confirmed cases and 3 deaths were recorded in Nigeria



The spread of novel Corona Virus Disease (COVID-19) in Nigeria continues to record increases as the latest statistics provided by the Nigeria Centre for Disease Control reveal Nigeria now has 58,460 confirmed cases.

On the 28th of September 2020, 136 new confirmed cases and 3 deaths were recorded in Nigeria, having carried out a total daily test of 1,450 samples across the country.

To date, 58,460 cases have been confirmed, 49,895 cases have been discharged and 1,111 deaths have been recorded in 36 states and the Federal Capital Territory. A total of 507,006  tests have been carried out as of September 28th, 2020 compared to 505,556 tests a day earlier.

COVID-19 Case Updates- 28th September 2020,

  • Total Number of Cases – 58,460
  • Total Number Discharged – 49,895
  • Total Deaths – 1,111
  • Total Tests Carried out – 507,006

According to the NCDC, the 136 new cases were reported from 13 states- Lagos (71), Rivers (23), Plateau (12), Adamawa (6), Oyo (6), Kaduna (5), Abia (3), FCT (3), Katsina (2), Kwara (2), Bauchi (1), Borno (1), Edo (1).

Meanwhile, the latest numbers bring Lagos state total confirmed cases to 19,310, followed by Abuja (5,677), Plateau (3,400), Oyo (3,260), Edo (2,625), Kaduna (2,402), Rivers (2,370), Ogun (1,836), Delta (1,802), Kano (1,737), Ondo (1,631), Enugu (1,289), Ebonyi (1,040), Kwara (1,034), Abia (894), Gombe (864). Katsina (859), Osun (827),  Borno (742), and Bauchi (699).

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Imo State has recorded 568 cases, Benue (481), Nasarawa (449), Bayelsa (398),  Jigawa (325), Ekiti (321), Akwa Ibom (288), Niger (259), Adamawa (240), Anambra (237), Sokoto (162), Taraba (95), Kebbi (93), Cross River (87), Zamfara (78), Yobe (76), while Kogi state has recorded 5 cases only.

READ ALSO: COVID-19: Western diplomats warn of disease explosion, poor handling by government

Lock Down and Curfew

In a move to combat the spread of the pandemic disease, President Muhammadu Buhari directed the cessation of all movements in Lagos and the FCT for an initial period of 14 days, which took effect from 11 pm on Monday, 30th March 2020.

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The movement restriction, which was extended by another two-weeks period, has been partially put on hold with some businesses commencing operations from May 4. On April 27th, 2020, Nigeria’s President, Muhammadu Buhari declared an overnight curfew from 8 pm to 6 am across the country, as part of new measures to contain the spread of the COVID-19. This comes along with the phased and gradual easing of lockdown measures in FCT, Lagos, and Ogun States, which took effect from Saturday, 2nd May 2020, at 9 am.

On Monday, 29th June 2020 the federal government extended the second phase of the eased lockdown by 4 weeks and approved interstate movement outside curfew hours with effect from July 1, 2020. Also, on Monday 27th July 2020, the federal government extended the second phase of eased lockdown by an additional one week.

On Thursday, 6th August 2020 the federal government through the secretary to the Government of the Federation (SGF) and Chairman of the Presidential Task Force (PTF) on COVID-19 announced the extension of the second phase of eased lockdown by another four (4) weeks.

READ ALSO: Bill Gates says Trump’s WHO funding suspension is dangerous

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