Business
FIRS Boss Tasks Youths On Self-Employment
The Chairman of the Federal Inland Revenue Services (FIRS), Mrs. Ifucko Omoyui-Okonuru, has charged Nigerian youths not to look for jobs upon graduations but strive to create jobs for themselves and others.
Omioigui-Okauru said the era of seeking for jobs is fast becoming extract.
Okauru made the remark in Benin, Edo State, at the ceremony when Benson Idahosa University conferred on her a honourary Doctor of Science degree in Business Administration. She was the only person so honoured by the university at its fifth convocation ceremony, where the university graduated 509 students.
Thirteen of the graduands got first class degree.
“Quickly begin to think of how to multitask and how to earn a good living without being dependent on anyone”, she said.
“Do not fall into the trap at thinking that there is a job out there that you uncle, aunty, friend can help you.
Believe me that will corrode your self-confidence and belief in yourself. “Rather, look for the job yourself that aligns with what you want to do. If you do not find what you want, create the job yourself. Even if an opportunity that presents itself is not what you prepared for them. Initially, broaden your educational scope and perspective. No job is not worth it. Every aspect of society is a potential business. The key is discovering which you are good at, align to the potential out there and make a success at it.
Be interdependent and not depended on others. While enjoining the new graduates to pray and be close to God, Okaunu asked them to build a network of relationships, acquires skills, have the right attitude and seek the support of the family. She saluted the founder of the university, Late Archbishop Benson Idahosa for his vision in establishing the university and the doggedness with which he worked to realise the dream of the university.
Okauru noted that the honour places her “as part of the Benson Idahosa’s University Community and likewise places the Benson Idahosa University Community in the business and community of taxation.
It is my hope and expectation that this partnership will grow to the benefit of our dear country”.
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.