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Business

Lagos flags off 2020 internship programme, promises to pay N40,000 monthly to graduates  

Governor Sanwo-Olu flags off 2020 internship programme and advises interns to shun complacency. 

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Lagos State Government has flagged off the 2020 Lagos State Graduate Internship Placement Programme (LASGIPP).

According to the press release issued by the Lagos State Government, recounting key moments at the flag-off ceremony for the Internship Placement Programme (LASGIPP), on Tuesday at Radio Lagos/Eko FM Marquee, Governor Sanwo-Olu challenged graduates under the Graduate Internship Programme to prove their mettle at their various places of internship.

READ: Lagos multi-billion naira 32MT per hour rice mill to be completed by Q1 2021

He assured them of a monthly stipend of N40,000 from the State Government, throughout the period of the internship. He called on the beneficiaries to aim for a higher goal of being financially independent, pursue the bigger picture of being Chief Executive Officers of their individual companies later in future, and not be contented with the stipend.

READ: Lagos warn against unlawful ownership transfer of state housing units

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The Governor, who was represented at the event by the Commissioner for Wealth Creation and Employment, Mrs. Yetunde Arobieke, urged the beneficiaries to make the best use of the opportunity, and gather enough experience that would serve as a buffer to securing paid employment or as independent entrepreneurs.

READ: Lagos to reform bus segment, to phase out one-bus ownership

Arobieke advised the interns to make the State Government proud in their respective organisations by being assets and not liabilities to their employers.

What they are saying

In his remark, the Chairman, Lagos State House of Assembly Committee on Wealth Creation, Mr. Jude Idimogu, expressed the belief that the engagement of the graduates as interns despite the myriad of challenges of Y2020 shows the genuine commitment of Governor Sanwo-Olu to gainfully engage the youths.

READ: Rivers State seizes oil production site owned by Shell over oil spills

The Governor of Lagos State in his words said:

  • The Graduate Internship Placement Programme we are flagging off today is one of the State government’s capacity building programmes developed to change the narrative about our graduates being unemployable and lacking the requisite work environment ethics and culture. It is a unique variant among the numerous programmes designed to reduce the increasing unemployment rate in the country and also accelerate the State’s post-COVID economic recovery.”

READ: 7 out of 10 bank loans given to Lagosians

The Commissioner for Youth and Social Development, Mr. Segun Dawodu, also assured that applicants under the GIPP, who are yet to be captured, would be included in the subsequent editions of the Programme. In his words he said:

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  • Year 2021 would witness more of Youth friendly policies and increased engagements with the young generation and some stakeholders in the society, in addition to the promotion of grassroots sporting activities.”

READ: Lagos launches 14 ferries to tackle gridlock, says Okada ban irreversible 

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Bottom line

The State Government revealed that the Graduate Internship Placement Programme will help to find a sustainable solution to the issue of unemployment in the state and the persistent increase in the Country.

However, the most relevant statistics from the National Bureau of Statistics reveals that Nigeria’s unemployment rate as at the second quarter of 2020 was 27.1%; this shows that about 21.7 million Nigerians remain unemployed, while 13.9 million Nigerian youths are unemployed.

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READ: Lagos earmarks 300 distressed buildings for demolition

It is important to note that the Graduate Internship Placement Programme set up by Lagos State is impressive, but the fact that only 4,000 beneficiaries will benefit from the program shows that the program is not yet inclusive enough, as many graduates with no means of livelihood remain uncaptured under this programme.

Omokolade Ajayi is a graduate of Economics, and a certificate holder of the CFA Institute’s Investment Foundation Program. He is a business analyst, and equity market researcher, with wealth of experience as a retail investor. He is a business owner and a stern advocate of Financial literacy, who believes in the huge economic prospect of the Nigerian Payment channels and Fintech space.

1 Comment

1 Comment

  1. Ubong

    December 31, 2020 at 3:54 pm

    Please how can a prospect apply to benefit from the internship program?

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Business

Lagos seals 10 different properties in Ogudu GRA for violating planning laws

10 different buildings in the Ogudu GRA area have been sealed by the Lagos State Government for violating physical planning laws.

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Lagos issues ultimatum to Tank Farm Operators over planning permit, Lagos seals 27 residential and commercial buildings in Lekki, LASG Seals 19 more Buildings in Banana Island over planning permit

The Lagos State Government has sealed off 10 different buildings in Ogudu GRA for violating the state’s physical planning laws.

While leading a team of government officials for the special enforcement operation, the Lagos State Commissioner for Physical Planning and Urban Development, Dr Idris Salako, said owners of the property involved had chosen to remain obstinate in their wrong ways as they refused to comply with the Lagos State Physical Planning laws, despite being served the statutory notices.

He stated that the sealed property owners had breached various aspects of the law, including the development of buildings without Planning Permits, not building in conformity with approvals and not having stage certification among others.

The Commissioner emphasized that the Lagos State Government is determined to achieve a livable, orderly and sustainably built environment and would not allow any willful violation of the Planning laws of the State.

Salako also urged Developers and Property Owners, whose properties were sealed, to engage the Ministry with a view to getting the appropriate Planning Permits authorising their building construction or renovation.

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He added that law-abiding citizens of Lagos State intending to build should obtain Planning Permits from Lagos State Physical Planning Permit Authority and evidence of Stage Certification, which includes Certificate of Completion and Fitness for Habitation, from Lagos State Building Control Agency (LASBCA).

The Commissioner enjoined Lagosians not to engage charlatans in obtaining Planning Permits as they run the risk of procuring fake permits which the State government would not hesitate to disavow.

What you should know

  • The Lagos State Government through its Physical Planning and Urban Development Ministry has been on strict enforcement drive of its physical planning laws by moving against developers of illegal and unapproved buildings.
  • At different times, they have sealed off both commercial and residential properties in Lekki, Surulere, Ikoyi, Amuwo Odofin, Ogudu GRA, Ikeja and others.
  • The state government has just reviewed its planning permit processing time and reduced the layout approval process to make it easier, faster and less cumbersome for developers to obtain their planning permit.

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Business

Lagos State Government to transform Badagry into industrial and tourism hub

Lagos State Government has assured Badagry residents of plans to transform the area into an industrial and tourism hub.

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Lagos announces resumption time table for public and private schools, FESTAC town, Lagos cancels 2018 land use charge, LAND USE CHARGE, Lekki sealed buildings, Lagos state governor issues new guidelines for lockdown, consider full reopening of its economy,Sanwo-Olu gifts families of slain police officers N10 million naira each

The Governor of Lagos State, Babajide Sanwo-Olu, has announced that the state will transform the Badagry area of the state into a tourism and industrial hub.

This was disclosed on Monday during the inauguration of the reconstructed 5.5 kilometres Hospital Road in Bagadry. The Governor was represented by his spokesman, Mr Adesina Odunuga, from the State Ministry of works.

Sanwo-Olu said the transformation would be part of the State’s “administration’s infrastructure drive.”

“Our plan is to harness Badagry’s tourism and growth potentials through the provision of this 5.5km-long road.

“We have planned the execution and the completion of this road in two phases.

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“Once the road is completed, there will be corresponding economic benefits in form of new clusters of industries, commercial growth and general ease of transporting goods,’’ he said.

The Governor added that the road would be reconstructed as a dual carriage-way to connect Idale, Povita, Topo and Ajido communities to Lagos-Badagry Expressway via Joseph Dosu Road.

“The road strategically services the Badagry Marina where several tourism centres such as Agiya Tree Monument, First Storey Building and Early Missionary Cemetery in Nigeria including Slave Trade Relics /Point of No Return, Heritage Museum, Eko Theatre, Badagry VIP Chalets and a host of others are located,” he added.

What you should know

  • Nairametrics reported earlier this month that Lagos State had announced that it would increase infrastructure spending in 2021 to 60% of its budget, in a bid to repair damages inflicted by hoodlums in October 2020, following the #EndSARS protests.
  • The Lagos State Government also assured its residents that it would improve social services and expand public infrastructure to enhance productivity and economic growth.

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AfDB to commit $12.5 billion to climate finance

The AfDB has announced that it will fund climate finance in Africa with an additional sum of $12.5 billion.

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Akinwunmi Adesina, Afdb, Africa’s GDP could fall by 3.4% in 2020 if COVID-19 continues – AFDB

The African Development Bank has announced that it will fund climate finance in Africa with an additional sum of $12.5 billion.

This was disclosed by the President of the AfDB, Dr Akinwumi Adesina, at the online International Climate Adaptation Summit (CAS) 2021 on Monday. The summit aims to define the path for a decade of climate investment and transformation in the 2030s.

Adesina added that the bank would increase its climate financing by 400%, rising from 38% of its total financing in 2019, stating that Africa needed collective actions to take the climate fight seriously and adapt to ecological changes.

“We expect to reach 40 per cent in climate finance this year.

“To do more for Africa, we are building strategic partnerships,” he said.

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“The AfDB and the GCA-Africa have launched the ‘Africa Adaptation Acceleration Program’ to mobilise 25 billion dollars in new climate finance for Africa—and to scale up innovative and transformative actions on climate adaptation across Africa,” he added.

Adesina also disclosed that The Bank launched the Desert-to-Power initiative — a $20 billion initiative — to build the world’s largest solar zone in the Sahel, also citing the Digital Agriculture Flagship will leverage $2 billion to deliver digital climate advisory services to reach 300 million farmers by 2030.

What you should know 

  • Recall Nairametrics reported that African Development Bank (AfDB) said it was committed to mobilizing the sum of $25 billion in climate finance in Africa by 2025, as well as a number of other initiatives by the bank that would address climate adaptation.
  • Dr Akinwumi Adesina also revealed plans to support the Great Green Wall initiative with $6.5 billion over the next five years.

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