Connect with us

Business

1.5m Candidates To Sit For 2011 UTME

Published

on

The Registrar of the Joint Admission and Matriculation Board (JAMB), Prof. Dibu Ojerinde, has said that an estimated 1.5 million candidates will sit for the Unified Tertiary Matriculation Examinations (UTME) in 2011.

Ojerinde gave the figure last Friday in Abuja when the House of Representatives Committee on Education visited the JAMB office.

He told the visiting committee members, led by its Chairman, Rep. Farouk Lawan, that the board was fully prepared for the upsurge in the number of candidates.

The registrar said that an estimated 1.34 million candidates sat for the examinations in 2010, hence the board’s projection of 1.5 million candidates for 2011 examinations.

He said that the way the country’s population was moving, “within the next four or five years, the upsurge in the enrolment for the board’s examinations would be too high.

Ojerinde said that there was the need for a proactive policy to handle the increase in the number of candidates or the upsurge would be too much for the board to cope with.

He attributed the upsurge to so many factors, which include increase in the enrolment in secondary education and high rate of passes at the secondary school levels.

To cope with the upsurge, the registrar said the board had increased its centres from 2,800 in 2009 to 3,000 in 2010 in order to accommodate more candidates for the examinations.

Ojerinde said that as part of the new policy of the board, each centre had a maximum of 540 candidates with 21 invigilators, besides the security personnel.

He said a lot of security measures had been introduced to safeguard the sanctity of the examinations, adding that the board now had varied examination questions for candidates with a customised metal detector.

The registrar appealed to the members of the National Assembly to assist it with adequate funding in order to meet some of the challenges being faced by the board.

Responding, Lawan commended the initiatives of the board in coping with various challenges confronting it, and gave the assurance that the committee would look into its budget size in 2011 appropriation.

Lawan also applauded the early release of UME results by the board, and appealed to the board to find a way of reducing non-release of candidate results, thus, denying them admissions.

“JAMB is making a lot of improvement by taking initiatives, which have earned the confidence of the public in its examinations,” he said.

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

AKK Project Will Enhance Gas Utilisation For Industrialisation – Buhari

Published

on

President Muhammadu Buhari says successful completion of the Ajaokuta-Kaduna-Kano, AKK Project in 2023 would enhance domestic gas utilisation as the mainstay for national industrialisation.
Buhari stated this at the opening ceremony of the 2021 Gas Sector Stakeholders (AKK) Forum organised by the Gas Aggregation Company Nigeria (GACN) yesterday in Kano.
He was represented by the Minister of State for Petroleum, Timipre Sylva.
“Today’s event reinforces our commitments to realizing the inherent potentials of gas usage as a national catalyst for achieving economic diversification from crude oil and as transition period to the renewable energy,” he said.
He revealed that the project would also increase government revenue and create more jobs opportunities for the unemployed Nigerians.
The President said that many companies had been shut down due to power supply problem across the country.
He explained that it would take two to three years to reactivate those industries to their optimal performance.
Buhari also said that the Federal Government has reduced the price of gas from 2 dollars 50 cents to 2 dollars 18 Cents.
“Let me use this medium to announce that following successful negotiations between Federal Government of Nigeria and organized unions, the price of gas has been reduced from $2.50 Cents to $2.18 Cents, with immediate effects,” he said.
He said that all the relevant stakeholders had been communicated on the issue.
Also speaking, the Group Managing Director of NNPC, Mr Mele Kyari, said that the AKK project had been on the drawing board for the past 30 years.
Kyari said when completed, it would provide enough gas for both domestic and export purposes.
“Nigeria has huge gas resources, gas means prosperity and delivering gas is an opportunity creation,” he said.
He pointed out that the project would revive about 232 industries along AKK corridor.
In his remarks, the Emir of Kano, Alhaji Aminu Ado-Bayero, commended the Federal Government for the project, which he said, would also assist to enhance socioeconomic activities in the state.

Continue Reading

Business

NESG Unveils 27th Economic Summit Theme …Calls For Urgent Measures On Nigeria’s Future

Published

on

The Nigerian Economic Summit Group (NESG), has unveiled the theme for the 27th edition of its annual summit scheduled for later this year, according to a statement by Yinka Iyinolakan, Head, Corporate Communications of the NESG.
The statement issued on Wednesday, in Abuja, cited  “Securing our future: the fierce urgency of now”, as the theme of the National Economic Summit (NES).
Iyinolakan stated that the summit was a collaboration between the public sector,  represented by the Federal Ministry of Finance, Budget and National Planning and the organised private sector represented by the NESG.
While welcoming participants to the unveiling event, the chairman of the NESG, Mr Asue Ighodalo said  the annual summits had been sustained by the public-private dialogue between the NESG and the Finance ministry of finance.
“The summit is the foremost platform through which the Federal and state governments engage with corporate leaders and discuss Nigeria’s national and sub-national economic realities.
“It helps to co-create reform strategies that are critical for the advancement and reform of the Nigerian economy,” he said.
Ighodalo stated that given the present state of Nigeria’s economy, increasing unemployment, pervasive insecurity and dwindling investments in critical sectors, the time was ripe to question the path for securing a long-term future for Nigeria.
He added that governments at all levels must intensify efforts at addressing the challenges of insecurity, kidnappings, theft and other social vices.
“A secure environment is a pre-condition for economic growth, job creation and poverty reduction.
“With the current state of the Nigerian economy, it has become critical for the country to adopt a different approach with a profound sense of urgency; in finding workable measures and taking concerted actions towards achieving economic growth and national security.
“This 27th NES will present a platform for stakeholders to highlight Nigeria’s core socio-economic vulnerabilities and associated risks,to come up with solutions.
“Such solutions should alleviate these vulnerabilities while exploring potential opportunities and priorities that will accelerate economic development,” the NESG chairman said.
He revealed that the private sector-driven NESG, was currently collaborating with the Federal Ministry of Finance, Budget and National Planning to develop the long-term National Economic Development Plan, the Nigeria Agenda 2050.
He said it was imperative that the 27th NES deepened the trust and collaboration between the public and private sector to enhance the growth of the Nigerian economy.
Meanwhile, the Minister of state, Budget and National Planning, Mr Clem Agba, in his remarks, assured that Nigeria’s inflation rate was showing a downward trajectory despite global economic challenges.
Agba stated that the Summit provided a platform for effective partnership and strengthened relationships.
He added that the conclusions and recommendations of the 26th NES, held in 2020, had been forwarded to the cabinet office and would soon be deliberated upon by the Federal Executive Council (FEC).

Continue Reading

Business

Nigeria’s Revenue-To-GDP Ratio Lowest, Private Sector Choking – World Bank

Published

on

Nigeria’s revenue-to-Gross Domestic Product ratio, which fell to between five and six per cent last year, is the lowest in the world, the World Bank said on Monday.
The Country Director for Nigeria, World Bank, Dr Shubham Chaudhuri, said this during a panel session at a virtual public sector seminar with the theme ‘Nigeria in challenging times: imperatives for a cohesive national development agenda’ organised by the Lagos Business School.
Chaudhuri, who stressed the need for private investment for the country to realise its potential, said the private sector in the country ‘is struggling to breathe’.
“In Nigeria, I think the basic economic agenda is about diversification away from oil because oil has really been like resource curse for Nigeria on multiple dimensions,” he said.
He noted the aspiration of the President, Major General Muhammadu Buhari (retd.), to lift 100 million Nigerians out of poverty by the end of the decade.
He said, “Nigeria is a country with tremendous potential. If you look at the synopsis for this panel, it suggests that Nigeria is at a critical juncture – almost at the moment of crisis.
“Despite all of that, Nigeria is still the largest economy in Africa. So, just think about the potential that Nigeria has because of its natural resources, but more than that, because of its dynamism and all of its population. Nigerians are more entrepreneurial by nature.
“No country has become prosperous and realised its potential, eliminated poverty without doing two simple things: investing in its people, and unleashing the power of the private sector in creating jobs by investing and growing business. And then, of course, the basic function of the state is to provide security and law and order.”
According to Chaudhuri, to invest in people entails basic services, basic education, primary healthcare and nutrition, among others.
He said, “On this, Nigeria at the moment ranks sixth from the bottom in terms of the human capital index that we produce every year.
“So, obviously, there is a huge agenda in terms of investing in human capital. Nigeria spends more on PMS (premium motor spirit) subsidy than it does on primary healthcare in a year, and we know who the PMS subsidy is benefitting.”
He indicated that despite the country’s huge potential to attract private capital, the non-oil part of the economy ‘is not growing that robustly and certainly not generating revenues that the government needs’.
Chaudhuri said, “So, we see as priorities investments in human capital. But for that, one needs revenues. And there again, Nigeria unfortunately has the distinction of having about the lowest revenue-to-GDP ratio in the world.
 ”The standard rule of thumb is that for government to provide the basic services and law and order, it needs between 15 to 20 per cent of GDP as being revenue, and this will be both at the federal and state levels combined.
“In Nigeria, it was eight per cent in 2019. In 2020, in the middle of the Covid-19 crisis and with the fall in oil prices, that went down to about between five and six per cent.
“So, domestic revenue mobilisation is huge. And then the third is enabling the space for private investment. You have to fix the power problem. Power is like the oxygen of an economy. In Nigeria, the private sector is struggling to breathe.”

Continue Reading

Trending