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2013Budget: Nigerians Hail High Education Vote

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Stakeholders in the education sector yesterday lauded President Goodluck Jonathan for giving the sector the highest budgetary allocation in the 2013 Appropriation Bill presented on Wednesday.

Jonathan had proposed a N4.9 trillion budget to the joint session of the National Assembly for approval.

The proposal allotted N426.5 billion to education while defence came second with N348.9 billion and the police had the third highest share of N319 billion.

A former Minister of Education, Mrs Chinwe Obaji, told newsmen that the move was “a right step in the right direction’’.

She, however, called for effective measures in monitoring the use of the funds.

Also speaking, Prof. Ukachukwu Awuzie, immediate past President, Academic Staff Union of Universities (ASUU), expressed the hope that the education vote, if approved, would turn around the fortunes of the sector.

“However, we would need time to look at how the budget to the sector got to be one of the highest beneficiary, where it should be channelled, the implementation, how it should be managed and what it portends to the sector.

“It is only when we study all these details that we would be able to get a better view of how this would transform the system for the advancement of the country’s economy,” he said.

Dr Olubunmi Ajibade, a Senior Lecturer, Department of Mass Communication, University of Lagos, said the budget, if approved, would be one of the best things that had happened to the sector in recent times.

“We have been advocating crucial funding of the sector because that is the only way to restore its glory.

“There is no way we can talk about national development without sound education.

Director, Centre for Environment and Science Education, at the university, Mr Ademola Onifade,  told newsmen that the “jumbo allocation’’ would improve the standard of education in the country.

For Head of Department, Mass Communication Department, Lagos State Polytechnic, Ikorodu, Mr Ifedayo Daramola,  the allocation to the education sector was a demonstration of the interest the president had in developing the country’s education.

“Definitely, it will bring a lot of improvement to the sector. This shows that our president knows the importance of education’’.

In his contribution, Prof. Ayo Fadahunsi, Dean, Faculty of Arts, Olabisi Onabanjo University, Ago-Iwoye, Ogun, said the allocation would enable the government to build more hostels and lecture halls in the nation’s tertiary institutions.

A member of the Lagos State House of Assembly, Mrs Adebimpe Akinsola, also lauded Jonathan for the initiative, saying the funds would help to improve infrastructure in the institutions.

Similarly, some financial experts yesterday said that the 2013 budget would impact positively on the financial sector if well implemented.

They told newsmen in separate interviews in Lagos that proper execution of the 2013 budget would impact on all aspects of the national economy.

Managing Director of Boaz Management and Financial Strategies, Mr Oluwole Ibikunle, said that the capital and recurrent expenditure estimates in the 2013 budget proposal were better than those of 2012.

“ If the N1.54 trillion allocated for capital projects can be judiciously used, more industries will be established and hence, more job opportunities for our youths,“ he said.

Ibikunle said that although the 75 dollars per barrel crude oil price benchmark was commendable, government should be careful of the sudden changes in international oil price.

General Manager, Capital Trust Broker Ltd., Mr Abiodun Omojokun,, said that the 2013 budget should focus on improving the Human Development Index.

General Manager, Apt Securities and Funds Ltd., Mr Peter Kanayo,  said that there was the need for the private-public sector collaboration to make a success of the 2013 fiscal proposal.

Kanayo also said that full implementation of the proposed budget estimate would restore confidence of foreign investors in the economy.

He commended the Federal Government for planning to invest more in the educational sector than before.

“The ailing educational system has made so many Nigerians to take their children aboard to study to the detriment of our own educational development, “ he said.

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FG Targets Production Of Locally Made Vehicles By Dec

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The Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, has affirmed that Nigeria now has the capacity and materials to manufacture Made-In-Nigeria cars for local use and export.
With the enabling environment being provided by the government, she said manufacturers should be held responsible if the cars are not rolling out by December 2024.
Currently, Nigeria produces less than 10 per cent of the vehicles used in the country.
Last year, Nigeria’s vehicle assembling industry, estimated to be worth around N302billion, tanked to a new low due to increasing production costs and weakened demand for locally assembled automobiles.
According to the Manufacturers CEOs Confidence Index, activities of motor vehicles and miscellaneous assembly deteriorated further below the benchmark (50 points) from 48.6 to 46.7 points.
But speaking at the Automotive Component Manufacturers meeting in Abuja, she noted that the automobile industry is faced with both challenges and opportunities.
A statement issued last Friday by the Director of Information and Public Relations, Adebayo Thomas, said, “In a significant move aimed at fostering sustainable growth and development in Nigeria’s automobile industry, the Federal Government has issued a clarion call to all stakeholders, including manufacturers, dealers, regulatory bodies, and other players in the automobile ecosystem.
“The call comes as part of a broader strategy to enhance the sector’s contribution to the nation’s economy.”
Encouraging the stakeholders to key into the Nigerian Automotive Development Policy, the Minister said, “As far as we are concerned, the auto industry is now set to go.
“We are counting on all stakeholders to make that happen. If we do not produce made-in-Nigeria cars before the end of this year (December), it will be your fault, because I am sitting down here giving you all the assurances that this administration has created the enabling environment to make sure that the auto policy kicks off.”
Anite emphasised the need for collaboration among manufacturers, dealers, regulatory bodies, and other players in the automobile ecosystem, saying by working together, they can address challenges, streamline processes, and drive innovation.
She also urged stakeholders to maintain high-quality standards across the board, including vehicle manufacturing, safety features, emissions control, and after-sales services.
Stringent adherence to quality, she said, will boost consumer confidence and attract investment.
The minister assured all that the government would continue to encourage increased investment in research and development, adding that, innovations in electric vehicles, fuel efficiency, and alternative energy sources are critical for long-term sustainability.
On local content, she also emphasised the importance of promoting local content by sourcing materials and components locally.
By doing this, she said, the sector can create jobs, reduce import dependency, and contribute to economic diversification
In his introductory comments, the ministry’s Permanent Secretary, Nura Rimi, emphasised the significance of team action and shared vision as outlined in the Nigerian Automotive Development Policy.
He also urged stakeholders that the country “will overcome obstacles and unleash the full potential of Nigeria’s automotive component sector.”
He encouraged NADDC and other stakeholders to use the chance to form alliances, explore new areas of collaboration, and devise ways to catapult the automotive components manufacturing industry to new heights of success.
The statement added, “The government’s charge underscores the pivotal role stakeholders play in shaping its trajectory. Their commitment to sustainable practices will drive Nigeria’s automotive sector towards a brighter and more prosperous future.
“Environmental Responsibility: Stakeholders are reminded of their environmental responsibilities. Sustainable practices, recycling, and eco-friendly manufacturing processes are essential for a greener future.”

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Waive Tax On Electronic Imports, Women Engineers Appeal To Tinubu

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The Association of Professional Women Engineers of Nigeria (APWEN), Lagos Chapter, has called on President Bola Tinubu to exempt the importation of electronic components from taxation for inventive engineers.
Chairman of APWEN, Ms Atinuke Owolabi, said this a in statement yesterday in Lagos, in commenration of the 2024 World Creativity and Innovation Day, with the theme: “Step Out and Innovate”.
The Tide source reports that World Creativity and Innovation Day is a global UN Day, celebrated on April 21, to raise awareness about the importance of creativity and innovation in problem solving.
This is with respect to advancing the United Nations’ sustainable development goals, also known as the global goal.
Owolabi explained that such a measure would significantly enhance technological progress, support local innovators, and elevate Nigeria as a leading hub for innovation globally.
She stated that in a world marked by dynamic challenges and unprecedented opportunities, creativity and innovation stand as the driving forces behind progress and transformation.
According to her, women engineers recognise the critical role that innovation plays in shaping our societies and driving sustainable development.
”On this occasion, we affirm our commitment to fostering a culture of creativity and innovation within our organisation and the broader engineering community.
”Together, let us step out, innovate, and inspire the next generation of women engineers to reach even greater heights of achievement and impact.
”We believe that by stepping out of our comfort zones and embracing new ideas, technologies, and approaches, we can unlock innovative solutions to the complex challenges facing our world today,” she said.
According to her, the theme: ‘step out and innovate’, serves as a call to action for women engineers everywhere to break barriers, challenge conventions.
She noted that it would also pioneer groundbreaking solutions that would propel them toward a brighter and more sustainable future.
Owolabi disclosed that in celebration of the World Creativity Day, APWEN Lagos had inaugurated an artificial intelligence club tailored for female engineering students and young engineers.
She said that the proactive initiative aimed to inspire and equip young engineers with cutting-edge technological insights.
Th chairman said, “Additionally, we already have a 200-capacity hall to set up a resource, technology, and innovation hub to empower women and girls in engineering.
”This endeavour serves as a catalyst for encouraging aspiring female engineers to embrace innovation and stay abreast of emerging trends in the field.
”APWEN Lagos stands united in its dedication to promoting diversity, inclusivity, and excellence in engineering.
“We encourage all female engineers to seize this opportunity to unleash their creativity, explore new frontiers, and make an indelible mark on the world.”

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Pan-Igbo Group Hails Dangote Group For Reducing Diesel Price

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A pan-Igbo group, Ndigbo Unity Forum (NUF), has commended the Chairman of the Dangote Group, Alhaji Aliko Dangote, and his management for reducing the price of diesel from N1,600 to N,1000 per litre.
The Tide’s source reports that diesel is the major fuel used by heavy duty vehicles and generating sets to transport goods as well as run industries across the country.
The President of NUF, Mr Augustine Chukwudum, told The Tide’s source in Enugu, yesterday, that Dangote’s timely response to suffering masses of Nigerians, going through hell to get a meal a day, “is highly commendable”.
According to Chukwudum, Nigerians need to appreciate the patriotism of Dangote since what he has done will go a long way in reducing prices of goods, especially food stuff which has gone out of the reach of the poor.
He called on Nigerians, who wish and pray always for the betterment of the country, to appreciate and thank God for answering their prayer through Dangote’s move.
“It is clear that if Dangote Refinery starts fully and gets all the crude oil needed from Nigeria, the prices of petrol, kerosene and diesel will further reduce.
“We commend President Bola Tinubu for being a listening President and supporting the Dangote Group on our crude oil needs.
“We appeal to Tinubu to encourage Dangote by providing the company with crude oil at a reduced rate as we have been demanding,” he said.
Chukwudum said that this move and subsequent further reduction, would bring industries in comatose back to life, jobs created for unemployed youths and reduction in crime as well.
“We call on governors of oil-producing Anambra, Imo and Abia States to bring investors, who shall build refineries in each of the states to refine thousands of barrels of crude in commercial quantities,” he said.

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