Dr Timothy Olawale, Director-General, Nigeria Employers Consultative Association (NECA) has expressed concern of the association, at the growing unemployment rate, as released by the National Bureau of Statistics (NBS). Olawale told newsmen on Wednesday, in Lagos, that the recently released data by the NBS was worrisome. NAN also reports that a recently released Labour force report, published by the NBS shows that Nigeria’s unemployment rate as of the end of 2020, rose to 33.3 per cent from 27.1 per cent recorded as of Q2 2020. The report indicated that about 23,187,389 (23.2 million) Nigerians remained unemployed. “While the figure shows that the unemployment crisis is worsening at an alarming rate, it is also instructive to note that the socio-economic factors that increased the figure t...
International Federation of Women Lawyers, Gombe Branch on Friday, hailed the state government over the Administration of Criminal Justice Law which allows women to stand as surety in bail applications. According to the chairperson of FIDA, Elizabeth Okotie, this law enhances the rights and provides justice for Women and Children, adding that, prior to now, women can’t stand as surety in a criminal case in the state. Okotie stated that this will help boost the sphere of influence, likewise the morale of an average Gombe woman. “International Federation of Women Lawyers (FIDA) Gombe Branch wishes to congratulate the government of Gombe State on the successful passing of Administration of Criminal Justice Law in the state which now forms part of the Canon of the state laws. This law enhances...
File Photo The Debt Management Office (DMO) has decried the country’s debt service to revenue ratio, describing it as a major issue of concern. Patience Oniha, the Director-General of DMO, said this in Abuja on Thursday at the fifth Budget Seminar (webinar) organised by the Securities and Exchange Commission (SEC). The theme of the budget seminar was, “Financing Nigeria’s Budget and Infrastructure Deficit through the Capital Market.” Oniha stressed the need for infrastructure built with borrowed funds to generate revenue to service the debts. According to her, “We have done the Sukuk, for instance, but the government is the one servicing the debt of those Sukuk. “They (the debts) are not being serviced with revenue from those sources (infrastructure). “I think that when we are talking abou...
Governor Okezie Ikpeazu of Abia State, has expressed concern that despite the long years of oil exploration in the state, there was nothing tangible people of oil-producing communities in the state have to show for it. Ikpeazu, while receiving the Senate and House of Representatives Joint Committee on Petroleum Industry Bill led by Senator Albert Bassey at Government House, Umuahia, said that Abia oil-producing communities have remained peaceful more than other oil-producing communities in the country, stressing that the peaceful disposition of the communities should serve as a model for the compensation of oil-producing communities. The governor lamented that the oil exploration and production companies who do business in Abia do not pay taxes to the state, but rather reside in neighbouri...
Pioneer National publicity Secretary of the People’s Democratic Party, PDP, Senator Anietie Okon has expressed concern that President Muhammadu Buhari-led administration is handling insurgency and banditry in the northeast and north-west with kid gloves. Okon who is also the Spokesperson of Akwa Ibom Leaders Vanguard, made the assertion yesterday during an interaction with newsmen in Uyo, the state capital. He regretted that the same government left the armed bandits, and Boko Haram insurgents destroying lives and property to be moving freely but deployed military forces to the Southeast to descend on unarmed agitators. His words, “It is unfortunate that the Buhari-led Federal government is treating insurgents and armed bandits with kid gloves by leaving them to operate freely on daily bas...
The U.S. State Department on Friday said Washington will de-link its pause on some aid to Ethiopia from its policy on the giant Blue Nile hydropower dam that sparked a long-running dispute between Egypt, Ethiopia and Sudan. U.S. State Department spokesman Ned Price told reporters that President Joe Biden’s administration will review U.S. policy on the Grand Ethiopian Renaissance Dam (GERD) and will assess the role the administration can play in facilitating a solution between the countries. A bitter dispute between Egypt, Ethiopia and Sudan over the filling and operation of the dam remains unresolved even after the reservoir behind the dam began filling in July. “We continue to support collaborative and constructive efforts by Ethiopia, Egypt and Sudan to reach an agreement on the GERD,” P...