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Unemployment: FCTA makes entrepreneurship education compulsory

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By Muhammad Abdullahi, Abuja

The Federal Capital Territory Administration (FCTA), has through the Secondary Education Board (SEB), made entrepreneurship education compulsory in all secondary schools.

Chairman of the board, Alhaji Yahaya Musa Mohammed, who made this known at the FCT-SEB Entrepreneurship Exhibition and Awards at Cyprian Ekwensi Arts and Culture Centre Area 10 Abuja Yesterday, said (entrepreneurship) will help tackle unemployment in the country.

“What we are showcasing today is a product of a vision now being put in to practice and it will go a long way in bringing about recurring cases of unemployment and insecurity that we have currently in Nigeria.
“Our target is for a short period from now, our students in FCT should be able to fend for themselves and also, when they get into tertiary institutions, especially those who are from underprivileged homes should be able to fend for themselves and complete their tertiary education after which they will become employers of labour rather than seeking for white collar jobs,” he said.

He said 23 subjects have been approved by the Federal Ministry of Trade and Investment under the Trade Test examinations.

Muhammad also said teachers have been employed in the relevant subjects to ensure that students are taught qualitative entrepreneurship skills preparatory to writing and being certificated in Trade Test 1, 2 and 3.


Also speaking at the event, the director of the SEB, Mrs Nanre Emeje, said the board was determined to breed children that will schools tomorrow and become Chief Executives Officers (CEOs) of companies.

“As a matter of fact, we already have some of them leave our a school about three or four years ago and are already CEOs of companies, so we want many of them leaving school and going as far they can with their passion in entrepreneur skills.

“One thing we have also done is to push them further not only in learning the skills but we have been able to encourage them to write Trades one, two and three examinations in our schools.

“We have Federal Ministry of Labour and Productivity who have come in and accredited some of our schools and now we are writing Trades one, two and three in our schools.

“This is a certificate that is now backing the skills that they have learnt, so this is how far that we have gone and already we have partnership with some of these skills centres like the Industrial Trust Fund (ITF), we have partnership with them and some of the CEOs are also offering that we could bring our students so that they can learn more,” she said.

Bashir Muhammad, Director, Human Resources Management, who represented the Permanent Secretary of FCTA, Mr. Olusade Adesola, said the FCT Administration was giving maximum attention to entrepreneurship education aimed at filling the gap between self-employment and seeking white collar jobs.


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NIPSS,dRPC Finance ministry, inaugurates TWG to monitor Women’s Economic Empowerment (WEE) Intervention programmes

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Participants at the TWG inauguration event in Abuja comprising representatives of MDAs and CSOs in a group picture on Tuesday, 21st September 2021
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The National Institute for Policy and Strategic Studies in collaboration with the development Research and Project Center and the federal ministry of finance, budget and national planning on Tuesday inaugurates a Technical Working Group (TWG) to monitor and evaluate budgetary implementations for Women’s Economic Empowerment (WEE) programmes and policies.

The TWG led by Dr Zakari Lawal (mni), which is part of initiatives of the Bill and Melinda Gates’ Partnership for Advancing Women’s Economic Development, PAWED, aims at entrenching accountability in women’s economic advancement policies and programmes and the monitoring group is comprised of 10 MDAs from across Nigeria.

The event which held at the Bolton White hotels, Abuja had in attendance officials and representatives of the federal ministry of finance, budget and national planning, National Institute for Policy and Strategic Studies(NIPSS), dPRC, MDAs and representives of women associations as well as representatives of Christian women and Muslim women associations

The the terms of reference for the technical working group which was spelt out at the event has as parts of the objectives of the group, the provisions of support in the areas of development and implementation of the pilot monitoring and evaluation framework and to track and rate women’s empowerment project/policies/ interventions at both the national and sub national levels.

The TWG will also support the advocacy for and the dissemination of the WEE Monitoring and Evaluation Framework, support NIPSS, FMFBNP and dRPC WEE outreach and will function under the guidance and oversight of the NIPSS, FMFBNP and dRPC.

In the his address, the DG NIPSS, Brigadier C.J. Udaya, represented by Dr Nasrideen Usman, said that the TWG is constituted to foster the accountability components of the NIPSS strategies and asked that there be more clarity especially in terms of the roles and responsibilities of each stakeholders and, that it should be well articulated and clearly stated so that every stakeholders like the NIPSS, dRPC TWG and the CBN will know what is expected of them and also guide the implementation of the initiative.

He said the TWG is expected to make recommendations to the National Institute for Policy and Strategic Studies (NIPSS), the development Research and Projects Center (dRPC) and the Federal Ministry of Finance, Budget and National Planning (FMFBNP) on the development of advocacy strategies for the affective implementation of WEE policies.

He further added that the monitoring group would also support NIPSS, FMFBNP & dRPC WEE outreach and engagement activities; submit reports of its activities to NIPSS, FMFBNP & dRPC WEE at regular intervals; and carry out other ad hoc duties as requested by NIPSS, FMFBNP & the dRPC.

He remarked that ‘with women constituting over 44.82% of the labour force in Nigeria, empowering this segment of our population is not only key to achieving economic independence, but also, it is critical in sustaining the nation’s overall economic development’ therefore, the nation stands to gain as it will go a long way in address some of its economic challenges when women are economically and adequately empowered

He concluded by imploring the 20 committee members drawn from the CBN, the Ministry of Agriculture, Ministry of Finance, budget and National planning and other MDAs, to work hard in order to ensure transparency in the implementation of women’s economic empowerment in the country.

In his goodwill speech, Dr Zakari Lawal (mni) Director, Monitoring and Evaluation, Federal Ministry of Budget and National Planning, stressed the need for strengthening the monitoring and evaluation mechanisms for women’s economic empowerment in the country and gave assurance of the federal government readiness to set in mechanisms to promote transparency in the allocation and implementation of policies in the country.

He expressed gratitude to all the stakeholders and MDAs involved with the the project and urged the would be leaders of TWG to take their responsibilities with all seriousness.

At the end of the inaugural event , Princess Adeshola Ogunleye and Mrs Mary Madu Haman emerged the chair and co-chairpersons respectively .

The TWG will be training participants in techniques and skills for tracking budget allocation and implementation on Wednesday and Thursday at the Bolton White Hotel in Abuja.


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Osun presents 2020 audited accounts

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Oyetola’s administration committed to accountability, openness, probity – Auditor-General 
as State IGR skyrockets to N19.6b


The Government of the State of Osun on Tuesday presented the audited financial accounts of the State for the 2020 fiscal year.
The audited financial reports were made public as part of efforts to keep the citizens abreast of the financial status of the State, showcase prudence in the management of the available resources and, by extension, strengthen the existing public trust and confidence that have been the hallmarks of the Administration.


The audited accounts as presented revealed the astronomical improvement in the State Internally Generated Revenue from 2018 to 2020 as a total sum of N13,805,843,339.25 was generated in 2018; N17,720,122,360.44  in 2019 and N19,642,333,010.68 in 2020 respectively.
This is even as the Auditor-General of the State, Mr. Folorunso Adesina, lauded the high sense of commitment of the Governor Adegboyega Oyetola-led Administration to ensure accountability, transparency and probity in the management of the State’s resources.
Recall that the 2019 audited account was presented earlier this year due to the adverse effects of the protracted Coronavirus pandemic that has been ravaging the universe.
The summary of the Audited Financial Statements as presented puts the Total Revenue (inflows) at N99,048,740,967.00 and Total Recurrent and Capital Expenditure (outflows) at N86,470,726,806.86 respectively.
The Net Balance on Total Revenue and Total Expenditure was N12,578,014,160.14 and Opening Balance as at January 1st, 2020 was N10,356,616,311.14 while the Total Closing Balance as at December 31st, 2020 was N22,934,627,471.28 respectively.


Analysis of Recurrent Expenditure indicates that Personnel Expenditure has N28,748,672,359.37 and Recurrent Expenditure has N17,928,291,392.63.
Also, analysis of Capital Expenditure indicates that Administrative Sector has N5,392,638,753.82; Economic has N27,896,438,968.24; Law and Justice has N58,309,514.17 and Social has N6,416,375,818.63 respectively.
While reeling out the audited reports of the finances of the State for the year 2020 at the Audit Forum held at Leisure Spring Hotel, Osogbo, Adesina said Public Finance Management (PFM) reform under the leadership of Governor Oyetola, has got a boost by becoming one of the pioneer States to assist and implement Audit Act in Nigeria, a feat the Federal Government is yet to attain.


He said the presentation of the 2020 fiscal account would make Osun to consolidate on its pacesetter status among the comity of states in the country and further build public trust and confidence in governance.
Adesina who highlighted the sterling performance of the State so far, particularly within the Audit Year under review, said it was generally discovered that Government executed people-oriented programmes as prudence was put in the forefront towards good governance.
According to him, economic and social sector took about 86.22% of the Total Capital Expenditure which was responsible for government’s ability to build, rehabilitate, revitalise and deliver for public use over 300 Primary Healthcare Centres as at the time of the report.


“Audit visitation to location of the health centres and health equipment supplied, including consumables was confirmation of this government priority for the well-being of the masses.
“Also on infrastructure, the Office through the monitoring team inspected roads construction embarked upon and completed by the State such as Moro-Yakoyo-Ipetumodu-Asipa road; Ada-Igbajo road; Overlay of Oke-Gada-Army Baracks road, Ede; Ereja roundabout-Eregun-Isaare-Oke-Oye road, Ilesa; Akindeko-Awosuru-Alekuwodo road; various rural electrification projects spread across the State among others, and it was discovered that best available standards were used in the various constructions, thereby making available to the masses, good and solid infrastructure which have impacts positively on the lives of the people and have helped to transform the socioeconomic status of the State.


“Audit also visited some renovated schools and the educational materials supplied like desks, chairs, books, shelves among others were inspected across the State and it was discovered that their amenities were effective and efficient for the target masses,” Adesina explained.
Giving the financial position of the State as at December 31st, 2020, Adesina said, Total Asset was N153,895,719,326.64; Total Liabilities was N90,720,513,278.69 and Net/Equity was put at N63,175,206,047.95.


On budget performance, the Auditor-General said Goverment had performed credibly on its revenue generation efforts, most especially on IGR as reported in the comparison of revenue between previous years.
“The accounts of the State Government of Osun for the year ended 31st December, 2020 have been audited by me in accordance with the provision of Section 125 Subsection 2 of the 1999 Constitution of the Federal Republic of Nigeria (as amended). 
“I have certified the individual accounts ( statement of cash flow, statement of financial performance, statement of financial position, statement of change in assets/equity, statement of comparison between budget and actual notes to the accounts) as correct object to clarified observations.


“In fulfilling the provisions of the extant requirements, my office within the financial year under review, carried out Financial Audit in accordance with professional standards and regulations to determine whether the accounts have been satisfactorily and faithfully kept through audit trail of transactions.
“We equally carried out Appropriation Audit to ensure that funds are expended as appropriated by the State House of Assembly as well as Compliance Audit to ensure that laid-down rules, regulations and procedures are being observed in tendering, supplying, contracting and storekeeping with a view to ensure strict adherence to the provisions of the Acts of Parliament.


“As the watchdog of public finances, we monitored all government projects and all forms of disbursement to ensure that all officers carried out their duties in a transparent way and in accordance with the applicable rules and regulations.
“Projects and programmes executed were satisfactory in consideration of funds employed and financial statement 1-5 and related schedules give a true and fair view of the state of affairs of the State Government of Osun at 31st December, 2020,” he added.
Earlier, Speaker, Osun House of Assembly, Hon. Timothy Owoeye lauded the Administration of Governor Oyetola for running an all inclusive and participatory government.


Owoeye who was represented by the Chairman House Committee on Public Accounts, Hon. Gbenga Ogunkanmi reaffirmed the House’s commitment to continue to ensure check and balances in the management of the State in general and public treasury in particular.

In his remarks, the Head of Service, Dr. Olowogboyega Oyebade applauded the financial prowess of the Administration of Governor Oyetola to maintain and sustain the economy of the State despite the daunting challenges.

Oyebade who was represented by the Permanent Secretary, Ministry of Human Resources and Capacity Building, Mr. Leye Aina, described the public presentation of the Audited Accounts as an indication to the fact that Oyetola’s administration was open to all.

“It shows the Governor means business, it shows he knows what he is doing. It takes someone who is honest, transparent and accountable to be able to sustain this. For us to be able to maintain and sustain this also shows that the Governor is serious about the finances of the State. It shows he is a thorough leader. 

“This is a way of telling the public that the government is open to criticism. It shows that the government is ready to show the book of accounts to public as probity, accountability, transparency and honesty are prioritised. This shows that government has nothing to hide and that it has no skeleton in the cupboard,” Oyebade added. 

The Audit Forum had in attendance members of the Civil Society Organizations; Stakeholders, Heads of Non-Governmental Organizations; top government functionaries, professional bodies, artisans among others. Earlier, Speaker, Osun House of Assembly, Hon. Timothy Owoeye lauded the Administration of Governor Oyetola for running an all inclusive and participatory government.


Owoeye who was represented by the Chairman House Committee on Public Accounts, Hon. Gbenga Ogunkanmi reaffirmed the House’s commitment to continue to ensure check and balances in the management of the State in general and public treasury in particular.
In his remarks, the Head of Service, Dr. Olowogboyega Oyebade applauded the financial prowess of the Administration of Governor Oyetola to maintain and sustain the economy of the State despite the daunting challenges.
Oyebade who was represented by the Permanent Secretary, Ministry of Human Resources and Capacity Building, Mr. Leye Aina, described the public presentation of the Audited Accounts as an indication to the fact that Oyetola’s administration was open to all.
“It shows the Governor means business, it shows he knows what he is doing. It takes someone who is honest, transparent and accountable to be able to sustain this. For us to be able to maintain and sustain this also shows that the Governor is serious about the finances of the State. It shows he is a thorough leader. 
“This is a way of telling the public that the government is open to criticism. It shows that the government is ready to show the book of accounts to public as probity, accountability, transparency and honesty are prioritised. This shows that government has nothing to hide and that it has no skeleton in the cupboard,” Oyebade added. 


The Audit Forum had in attendance members of the Civil Society Organizations; Stakeholders, Heads of Non-Governmental Organizations; top government functionaries, professional bodies, artisans among others.


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Economy /Business

Breaking: Buhari wants National Assembly to amend PIA, few weeks after

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President Muhammadu Buhari is back to the National Assembly to ask lawmakers to tinker with the new Petroleum Industry Act (PIA), he signed into law on August 16, just five days above a month.

The President is seeking the removal of the Ministers of Petroleum Resources and Finance from the board of the agencies created under the law.

In a letter, to the NASS read separately at their individual chambers by Ahmad Lawan, Senate President and Speaker Femi Gbajabiamila, for the Senate and House of Representatives, respectively, the President is seeking an amendment to the law to make for the appointment of non-Executive and Executive Directors for the agencies created by the law.

The Speaker said the letter will be referred to the appropriate committee of the House for immediate action.

President Muhammadu Buhari, on Tuesday, wrote to the Senate seeking an amendment to the recently enacted Petroleum Industry Act (PIA).

The President insisted that the affected Ministers can continue to perform their functions without necessarily being members of the board of NNPC Limited.

Part of the amendment being sought by Buhari on PIA is to increase the number of Non-Executive members of the NNPC Limited Board from two to six to reflect Federal Character.

Buhari, in another letter, transmitted the names of nominees for screening and subsequent confirmation as board members of the Economic and Financial Crimes Commission (EFCC) and the NNPCL.


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