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Gov. Sanwo-Olu promises to expand public infrastructure to enhance economic growth in Lagos

Governor Sanwo-Olu has promised that his administration will work to improve social services and expand public infrastructure.

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The Lagos State Government has assured its residents that it will improve social services and expand public infrastructure to enhance productivity and economic growth.

This was disclosed by Governor Babajide Sanwo-Olu via his Twitter handle on Friday morning while sharing his New Year message.

READ: FG gives N1.02 trillion concessions to businesses in 4 years

He tweeted, “We will work to improve social services and expand public infrastructure that will enhance productivity and economic growth. We seek the support and cooperation of all stakeholders as we partner to build shared prosperity for all.

READ: Crossover Services: Lagos State to fine curfew defaulters

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“The past year was extraordinary in its own way. A year that pushed humanity almost to its limit. We are thankful to God for the grace to see the new year and we welcome Year 2021 with the hope and assurance that it will be a year of manifold blessings for each and everyone of us.

READ: Apapa gridlock: Lagos to take over operations of Presidential Taskforce on Port Decongestion

“As your governor, I rededicate myself to providing purposeful leadership and delivering governance that will make life better for Lagosians. On behalf of my family and the government of Lagos State, I wish you all a happy and prosperous new year.”

READ: FG to open new Lagos International Airport Terminal in 2021

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Abiola has spent about 14 years in journalism. His career has covered some top local print media like TELL Magazine, Broad Street Journal, The Point Newspaper.The Bloomberg MEI alumni has interviewed some of the most influential figures of the IMF, G-20 Summit, Pre-G20 Central Bank Governors and Finance Ministers, Critical Communication World Conference.The multiple award winner is variously trained in business and markets journalism at Lagos Business School, and Pan-Atlantic University. You may contact him via email - [email protected]

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Business

N-Power: FG and CBN launch job exit strategies for beneficiaries

Former N-Power beneficiaries will now be able to access permanent job opportunities or business prospects in line with the N-power exit strategy.

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FG launches Cash Grant for Rural Women Programme in Ondo

The Federal Government has announced that former beneficiaries of the N-Power scheme can now access job opportunities created for members of the scheme, starting with an agent network in partnership with the Central Bank of Nigeria (CBN).

This was revealed by the Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouq, at the 4th annual review of the Home Grown School Feeding Programme (NHGSFP). The beneficiaries that are eligible are Batches A and B of the N-Power scheme.

The N-Power job plan will see 200,000 beneficiaries employed as operators of the Shared Agent Network Expansion Facility (SANEF) scheme operated by CBN.

”Plans have been concluded for the transition of the N-power Batch A and B through the creation of the NEXIT portal, which would allow those who choose to sign up to access other government empowerment opportunities,” Farouq said.

30,000 other beneficiaries would be employed through a Mass Agric Programme, which is a part of the Economic Sustainability Plan (ESP).

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The Shared Agent Network Expansion Facility (SANEF) is a programme that aims to boost financial inclusion in Nigeria operated by the Central Bank of Nigeria, Deposit Money Banks, Nigeria Inter-Bank Settlement Systems, Chattered Institute of Bankers of Nigeria, Licensed Mobile Money Operators, and Shared Agents.

What you should know: Recall that Nairametrics reported in November 2020 that the Ministry of Humanitarian Affairs, Disaster Management, and Social Development announced the launch of a portal enabling exited N-Power beneficiaries to apply for CBN empowerment options.

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Business

FEC approves 65 years retirement age for teachers, okays special allowances

The FEC has approved an increase in the retirement age of teachers across the country.

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FG approves N2.9 billion contracts to print examination materials, Covid-19: FG lists conditions for reopening of schools, universities

The Federal Executive Council (FEC) has approved an increase in the retirement age of teachers across the country from 60 to 65 years or 40 years in service as against 35 in the new Harmonized Retirement Age for Teachers Bill, 2021.

The bill seeks to give legal backing to new measures by the Buhari administration to enhance the teaching profession in the country.

This disclosure was made by the Minister of Education, Adamu Adamu while briefing State House correspondents at the end of the first Council meeting of the year, which was presided over by President Muhammadu Buhari in Abuja on Wednesday.

The minister said that some of the highlights of the Harmonized Retirement Age bill which has been forwarded to the National Assembly for consideration and approval include the introduction of bursary award, special rural posting allowances, science teachers’ allowance and other measures to boost the performance of the teachers and attract the best brains.

What the Minister for Education is saying

Adamu said the government decided to increase the years as a reward for teachers’ dedication to duty and also to attract more people to the profession.

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He said

  • This memo that was approved for the Ministry of Education is a giant step towards what we set out to do last year, with the approval of some special packages for teachers by the President.
  • “So, at the meeting today, Council approved that a bill which will be called harmonized Retirement Age for Teachers in Nigeria Bill 2020 be sent to the National Assembly for enactment into law so that all the promises made by the president and all the approvals he had given to me will now begin to be put into effect because this is the legal backing that is required for it.
  • “The essence of the bill actually is to give legal backing for the approval of a new retirement age of 65 for teachers and then the service period being extended to 40 years.
  • “The intention is to attract the best brains to the teaching profession and for that, the president approved the reintroduction of bursary awards, improving teacher quality, funding teaching practice from TETFUND, the enhanced entry point for teachers.’’

What this means

  • When passed and signed into law, the implementation of the Harmonized Retirement Age for teachers means the retirement age of teachers has been extended to 65 years as against the existing 60 years or 40 years of service as against 35 years that currently apply, whichever of the 2 that comes earlier.
  • The bill will help to motivate the teachers across the country and attract the best brains in the profession which had been bedevilled with poor condition of service for the teachers and poor funding.

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Business

Covid-19: FG launches Rapid Response Register (RRR) for urban poor affected by pandemic

The FG has launched a Rapid Response Register (RRR) for urban poor affected by the COVID-19 pandemic.

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The Federal Government of Nigeria launched the COVID-19 Rapid Response Register (RRR), an emergency intervention database, for the urban poor made poorer by the pandemic.

This programme was launched by the Vice President, Yemi Osinbajo on Tuesday.

The scheme would see the FG share N5000 monthly to households as it says 1 million households would benefit from the scheme.

The Vice President’s Senior Special Assistant on Media & Publicity, Laolu Akanda said: “Osinbajo today launched a technology-based Rapid Response Register which identifies urban poor people who in the next 6 months willl receive N5000 monthly. In all 1 million households will benefit from this especially cash transfer being implemented by the Humanitarian Affairs Ministry.”

While inaugurating the COVID-19 Rapid Response Registration (RRR) Cash Transfer Project, the Vice President said:

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“As of Dec. 31, 2020, we have identified and registered about 24.3 million poor and vulnerable individuals into the National Social Register; equivalent to about 5.7 million households.

“Through this project, we are currently injecting about N10billion directly into the hands of about two million poor and vulnerable households every month.

“This social protection method of targeting is the first strategy to be developed and tested in the Sub-Saharan Africa region and Nigeria will be the first country for its implementation.

“With the RRR, which uses a wholly technology-based approach, we are primed to achieve an end-to-end digital foot-print in cash transfers for the urban poor.”

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The Vice President added that the implementation of the scheme would enable Nigeria to achieve its financial inclusion policy under the Enhancing Financial Innovation and Access programme (EFInA).

What you should know 

  • Nairametrics reported last week that the Federal Government announced that it would inaugurate a COVID-19 Rapid Response Register (RRR), which would be a health emergency response for the poor living in urban centers that have been affected by the pandemic.
  • The register which is being built by NASSCO is an expansion of the existing National Social Safety Nets Project (NASSP). It targets small business owners, street vendors, petty traders, Small and Medium Enterprises (SMEs), and service providers.

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