Business
FG To Promote Agribusiness Clubs In School – Minister
The Minister of Education, Malam Ibrahim Shekarau, has that the Federal Government would encourage the setting up of students’ agribusiness clubs in schools.
Shekarau made the disclosure when Dr Baraka Sani, the Senior Special Assistant to the President on Schools Agriculture Programme paid him a courtesy visit.
He said such clubs would boost entrepreneurship among students and promote self reliance.
“We will ensure that all schools have such a club; it is going to be a part of government’s efforts to provide other means of employment.
“It will help to reduce unemployment.
“The situation today is that most school leavers do not have the skills to engage in something else if they are unable to secure admission into higher institutions, hence, they constitute nuisance to the society.
“I appreciate the various aspects of the agribusiness as it will build a sense of enterprise, nation building and patriotism in children,” the minister added.
Earlier, Sani had told the minister that the programme was aimed at introducing young students to the various opportunities contained in agriculture as a business.
She said it would promote skills and change the negative perception about agriculture by the youth.
“The programme is aimed at setting up the structure along with a very strong foundation to ensure success throughout the period of implementation.
“In the pilot phase, Students Agribusiness Clubs (SAC) will be established in selected secondary schools from 12 states of the federation, two from each geo-political zone.
“The areas of interest are livestock, poultry, food and nut processing and packaging, aquaculture, among others,” she said.
She advocated the integration of the programme into the National Secondary Education Curriculum by the Nigeria Educational Research and Development Council (NERDC) and be adopted by the National Council on Education.
The presidential aide said that the integration would offer students who were not studying agriculture the opportunity to benefit from the programme and acquire skills.
The office of the Senior Special Assistant to the President on Schools Agriculture Programme was created on by President Goodluck Jonathan on June 4.
Business
Food Vendors, Others Relocate To New Site At PH Airport
The raging controversy between the Port Harcourt International Airport Management and restaurants/canteen operators and theirallies over relocation has been brought under control, as the operators have commenced relocation to their structures at the new site.
Recall that there had been serious feud over a directive by the Manager of the airport, Mr. Michael Area, for food vendors and their allies to relocate to the new site.
They insisted that the new site was too distant and hence, would negatively affect patronage from customers, with possible loss.
They further also insisted that it wouldcost them much money to put up another structure, given the economic situation in the country, since the airport management did not build any structure for them, apart from providing the empty land they have to also pay for.
The situation had led to flexing of muscles, which made the Airport Manager to order for sealing of all shops, resulting in scarcity of food, as airport users could not find a place to eat, apart from the only Genesis fast food spot available.
As at last Friday, The Tide observed that most of the food vendors had transferred their structures to the new place, and had started doing business there already.
Meanwhile, customers have started settling down at the new location as they were seen patronising shops for foods and drinks, in spite of the distance.
Few of the remaining structures at the old site, The Tide further gathered, will also be removed as quickly as possible, and the owners are making efforts to get funds for the job to be done.
One of them, Mrs Aka Love explained that she was going to relocate to the new place before the end of March.
Currently, business activities at the old site have come to null, as the place which was usually a beehive of food, drinks and relaxation, has completely winded down.
By: Corlins Walter
Business
MOWCA Strengthens Maritime Crime Prevention
Secretary General of the Maritime Organisation of West and Central Africa (MOWCA), Dr. Paul Adalikwu, has stepped up interaction with the United States Government to lift restrictions placed on some member countries allegedly implicated in illicit shipping activities.
Adalikwu, who led a delegation from the MOWCA Secretariat to the US Embassy in Abidjan for a first leg of the strategic consultation aimed at promoting seamless participation of MOWCA countries in international trade within the global maritime space, reiterated the organisation’s commitment to the best ethical and lawful maritime practices.
Addressing the U.S Ambassador to Côte d’Ivoire, H.E Mrs Jessica Davis Ba, the MOWCA SG stated the organisation’s interest in promoting the International Ship and Port facility Security (ISPS) code which aims at enhancing security of vessels and their ports of call.
He expressed the commitment of MOWCA in promoting environmentally friendly, safe and cost effective shipping without any encumbrance that may limit the economic potential of member countries.
Dr Adalikwu recalled that at the instance of the U.S. Department of State invitation, MOWCA participated in the 2023 Registry Information Sharing Compact (RISC) Conference in Larnaca, Cyprus, on February 28–March 1, 2023, and a virtual meeting held on June 6 2023, with Mrs Jennifer Chalmers, Officer in change of Counterproliferation Initiative.
He recalled The U.S. DOS willingness to support MOWCA’s effort for preventive maritime security through the establishment of the Center for Information and Communication (CINFOCOM) with the aim to ensure a maritime situational awareness domain within MOWCA’s member states’ waters.
He added that MOWCA under his watch is committed to training and retraining of maritime practitioners and experts to enhance the human capital capabilities of member states.
The CINFOCOM will help prevent transnational crimes committed at sea like sanctions evasion by North Korea and other state actors, who exploit poor enforcement due diligence by ship open registries to circumvent United Nations and U.S. trade restrictions.
By: Nkpemenyie Mcdominic, Lagos
Business
Nigeria’s Public Debt Hits N97.3trn – DMO
The Debt Management Office (DMO) has hinted that Nigeria’s public debt increased by 10.7 per cent from N87.87 trillion in the third quarter of last year, to N97.34 trillion as at December 31, 2023.
DMO, in an update data released last Friday, said the increase in the debt stock was largely due to new domestic borrowing by the Federal Government to part finance the deficit in the 2024 Appropriation Act and disbursements by multilateral and bilateral lenders.
The office noted that the N97.3 trillion public debt comprises of domestic debt of N59.12 trillion and external debt of N38.22 trillion. The sum of $3.5 billion was used to service external debt during the review period.
“Nigeria’s Public Debt Stock as at December 31, 2023 was N97.34trillion or $108.229 billion. This amount comprises the domestic and external debt stocks of the Federal Government of Nigeria (FGN), the 36 States Governments, and the Federal Capital Territory (FCT).
“There was an increase of N9.43 trillion over the comparative figure for September, 2023, which was largely due to new domestic borrowing by the FGN to part finance the deficit in the 2024 Appropriation Act and disbursements by multilateral and bilateral lenders.
“At N59.12 trillion, total domestic debt accounted for 61 percent of the total public debt stock, while external debt at N38.22 trillion accounted for the balance of 39 percent.
“Consistent with the debt management strategy, Nigeria’s external debt stock was skewed in favour of loans from multilateral (49.77 percent) and bilateral lenders (14.02 percent) or total of 63.79 percent which are mostly concessional and semi-concessional.
“Whilst the DMO continues to employ best practice in public debt management, the recent and on-going efforts of the fiscal authorities to shore up revenue will support debt sustainability”, DMO stated.
By: Corlins Walter
-
Politics4 days ago
How Social Media Threatened My 40-Year-Old Marriage -Lai Mohammed
-
News4 days ago
We May Shut Down Universities Indefinitely, Non- Teaching Staff Threaten
-
Sports2 days ago
Immediate Relegation Awaits Man City, If…
-
Politics2 days ago
FEC Approves 10% Appointments For Youths
-
Politics2 hours ago
Tinubu Congratulates Senegal President-Elect Over Electoral Victory
-
Oil & Energy4 days ago
Africa’s Energy Leap From Fossil Fuels To Renewable Powerhouse
-
Sports4 days ago
All African Games: Nigeria Finishes Second On Medal Table
-
Rivers4 days ago
RSLCSC Boss Celebrates Fubara’s Supreme Court Victory