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Varsity Don Calls For Better Use Of Petroleum Revenue

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A university teacher,
Dr Timothy Okon, has called on the Federal Government to come up with a deliberate plan to properly harness and prioritise revenue accruable from oil.
According to him, this is necessary in order “to better the lot of Nigerians groaning under economic recession”.
Dr Okon, who made the call recently at the 6th “Emmanuel Egbogah Legacy Lecture Series” in the University of Port Harcourt (UNIPORT), said a good knowledge of price movement in the oil and gas sector is important.
He stated that understanding price movement in the unpredictable oil and gas sector is the right strategy for any forward-looking government.
There were many tools that should have enabled policy makers to manage the economy in a volatile situation such as we currently find ourselves.
“Our failure to create the necessary buffers early enough to forestall the current predicament has resulted in the situation we find ourselves”.
“When prices were high, we ought to have saved for the rainy day, but we regrettably failed to do so.
“That was what led to belated creation of the Sovereign Wealth Fund (SWF) from which other oil producing countries such as Norway, Kuwait and Qatar have reaped huge profits”, he said.
To address the situation, Dr Okon stated that there is the need for “government to evolve basic plan for properly harnessing and prioritising oil revenue”.
Okon, who was the keynote speaker at the occasion, warned government against what he called such “economic populism” as subsidies in petroleum products, noting that it is not only unsustainable, but also damages the long term development of the country.
He also called for both revenue and economic diversification in order to check the present economic challenges and to discourage states from depending entirely on revenue accruable from the Federal Government.
In his remarks, chairman of the occasion and Governor of Anambra State, Chief Willie Obiano, described Dr Egbogah as one who believed in core competencies.
The Governor, who was represented by his Chief of Staff, Professor Joe Asike, stated that with the prospect of Anambra State joining the league of oil producing states, the government will ensure that tertiary institutions in the state come to UNIPORT to acquire necessary trainings.
On his part, Vice Chancellor of the University, Professor Ndowa Lale, represented by the Deputy Vice Chancellor (Admin), Professor Anthony Ibe, extolled the philanthropy of Dr Egbogah and his love for quality education, which, he said, gave birth to the “Emerald Energy Institute”, venue of the occasion.
He noted that the institute “is doing a commendable job in helping to shape the future policy direction of the Nigerian hydrocarbon industry.

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Covenant University Retains Nigeria’s Best Varsity Ranking

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The Covenant University (CU) has, for the second time, been rated as the best university in Nigeria.
According to Times Higher Education‘s 2024 rating, Covenant Unirersity, as a growing, dynamic vision-driven university, founded on a Christian mission ethos and committed to pioneering excellence at the cutting edge of learning, is among the top 1,000 universities in the world.
The 2024 ranking includes 1,906 universities across 108 countries and regions. The Ranking Website indicates that the grading was compiled based on their new World University Ranking (WUR) 3.0 methodology which includes 18 carefully calibrated performance indicators that measure an institution’s performance across five areas: teaching, research environment, research quality, industry, and international outlook.
Analysis of the latest ranking on Thursday showed that the university based in Ota, Ogun State, is following on the ranking by the University of Ibadan (UI) as the second-best in the country, with the Federal University of Technology, Akure clinching the third position.
Currently ranked 801st university in the world, CU first gained prominence in 2018 after it emerged as the best university in Nigeria and the sixth-best university overall.
The ranking webpage explained that the site is trusted worldwide by students, teachers, governments, and industry experts, adding that the 2024 league table reveals how the global higher education landscape is shifting.
It stated thus; “This year’s ranking analysed more than 134 million citations across 16.5 million research publications and included survey responses from 68,402 scholars globally. Overall, we collected 411,789 data points from more than 2,673 institutions that submitted data”.
Meanwhile, also captured on the list of universities with the top rating in Nigeria are the University of Ilorin, the University of Nigeria, Nsukka, Afe Babalola University, and the University of Benin.
Others include the Federal University of Agriculture, Abeokuta, Ladoke Akintola University of Technology, Lagos State University, Nnamdi Azikiwe University, Obafemi Awolowo University, and the University of Port Harcourt.

Available statistics showed that of the 15 top universities in the country, nine are located in the South West region, two in the South-South region, two in the South East region, one in the North Central zone, and one in the North West zone. Interestingly, the North-East zone was conspicuously missing from the list.

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2023 UTME Notification Slips: Police, JAMB Raise Alarm Over Fraudulent Sites

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The Joint Admissions and Matriculation Board (JAMB) and the Nigerian Police Force (NPF) have raised an alarm over fake sites for the ongoing printing of the 2024 Unified Tertiary Matriculation Examination (UTME) Notification Slip which contains vital information such as the date, venue, and time of candidates’ examinations.
In a joint briefing by the NPF and JAMB recently in Abuja, candidates are enjoined to patronise only the approved sites by the JAMB, so as not be defrauded.
The Force Spokesman, ACP Olumuyiwa Adejobi, who signed a press release on behalf of the two Government agencies said: “The Joint Admissions and Matriculation Board (JAMB) and the Nigeria Police Force (NPF) hereby bring to the attention of the public the ongoing printing of the 2024 Unified Tertiary Matriculation Examination (UTME) Notification Slip which contains vital information such as the date, venue, and time of candidates’ examinations.
“Unfortunately, the emergence of several fake websites created by unscrupulous individuals with the intention of misleading candidates has been observed necessitating this joint press briefing.
“These fake sites are designed to deceive innocent candidates into providing personal details such as registration numbers, email addresses, and phone numbers. These details are then exploited for malicious purposes.
“Both JAMB and the Nigeria Police Force condemn these fraudulent activities and hereby reiterate the readiness to safeguard the interests of candidates and maintain the integrity of the examination process.
“We urge parents, guardians, and all stakeholders to ensure that candidates print their UTME Notification Slips only from the Board’s approved website: www.jamb.gov.ng. Candidates can print their slips from the comfort of their homes or visit any of the over 700 accredited Computer-Based Test (CBT) centres nationwide.
“It is important to note that we are familiar with the tactics employed by these fraudsters, especially during the annual assessment and admission exercises. We are actively sensitizing candidates and the public about these deceptive practices.
“Any candidate who visits these fake sites will definitely have unreliable information and thereby miss out in the forthcoming exams.’’
“Candidates are advised to print their UTME Notification Slips before Friday, 19th April, 2024, to access vital information about their examinations. Any website other than www.jamb.gov.ng offering UTME slip printing services is fake and designed to defraud candidates. Candidates should also beware of sites offering ‘live’ questions and answers, as they are false and deceptive, and accessing such materials is prohibited.

“The 2024 UTME is scheduled to commence on Friday, 19th April, and end on Monday, 29th April, 2024. We call on parents, guardians, and the general public to join hands in fostering a culture of integrity and compliance with established guidelines. Together, we can nurture a generation of upright and law-abiding leaders by discouraging fraudulent practices and desperation.

“Furthermore, JAMB is partnering with the Nigeria Police Force National Cyber Crime Centre (NPF-NCCC) to address online scam-related issues seamlessly. We assure candidates and the public of our firm dedication to ensuring a fair and transparent examination process.

“In addition, the Inspector General of Police has ordered the NPF-NCCC to go after scammers and fraudsters who engage in cyber related crimes and create phishing sites/portals, and cause them to face the full wrath of the law”.

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RSU Begins First Semester Exams, Today

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The authorities of the Rivers State University (RSU),Nkpolu  Oroworukwo, Port Harcourt says it will  commence the First semester examinations.
This was contained in a statement signed by the Acting Registrar of the university, Mrs. I. B. S. Harry and made available to Dean’s and Heads of Departments, adding that the the examinations were earlier shifted to begin today  from its initial date of last Monday to enable students who were yet to complete their registration and pay the necessary approved fees and give all students equal opportunity to participate in the examinations.
The statement reads “This is to inform all staff and students of the Rivers State University, Nkpolu-Oroworukwo, Port Harcourt, that the First Semester Examination for the 2023/2024 academic session earlier scheduled to commence on Monday, 8th April, 2024, has been shifted to Monday, 15th April, 2024.”
“The change in date of the Examination is to enable students who are yet to pay stipulated fees/ charges and complete their course registration for the First Semester, to do so.”
All students in this category are advised to utilise the period to make necessary fee payments as well as course registration.”

By: Akujobi Amadi

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