The Federal Government has concluded arrangement for the recruitment of 200,000 youths in fulfillment of the President Muhammadu Buhari’s social intervention programme.
The recruits, according to Vice Presidential Spokesman, Laolu Akande are the first batch of the 500,000 to be recruited into the N-power programme.
He told correspondents that the youths were being posted to various states to begin work on Dec. 1 as teachers, agriculture extension workers and public health officials.
“In fulfillment of the President’s promise to hire half a million unemployed Nigerian graduates the first batch of 200,000 have now been engaged.
“What is happening now is that the state governments are going to be deploying those 200,000 to the three specific areas of need that have been identified under the N-Power programme.
“These areas are: education where we will have 150,000 of those selected in the first batch who will be teaching assistants helping in the schools in the states.
“Then we are going to have 30,000 who will work as agricultural extension workers in needs that had existed for a long time; and the Federal Government is going to be funding that.
“Then there will be 20,000 that will be working in the community health programme.’’
Akande said that between the time of the selection and Dec. 1, when those selected would begin work and earn stipends, the 36 states and FCT would be receiving the list of the recruits for their various states.
He said that three transparent criteria were used for the selection one of which was that 40 per cent of all applicants per state were selected.
He said the balance of 60 per cent was split to give special consideration to the six North East states which suffered insurgency.
He added that the third criterion was that consideration was given to states with lowest applications.
“The process is a very transparent one; we even tested the list before we released it; they were cross checked.
“The application was online and in some states with internet problems their leaders got the data from the people and uploaded them,’’ he said.
Akande said that the essence of the recruitment was to solve problems in the communities while those recruited would be posted to their places of residence.
He said that if any kind of discrepancy was found it would be corrected without delay.
He said the recruits would be issued with tablets having various entrepreneurship applications which they would own at the end of the intervention programme.
According to him, at the end of the two year period of the programme the youths would be better empowered as government expected better economy then.
“This is an intervention programme that will last for two years,’’ he added.
He said that government was working in partnership with the private sector to provide jobs for the youth at the end of the intervention.
“We do believe that the private sector is the one that can actually create jobs and government is working on several issues such as ease of doing business and others to spur the economy for the private sector to create jobs.
“We believe that in two years there will be more permanent jobs for many of them and that a good number of them will be ready to do things for themselves because the programme itself would have empowered them during the duration,’’ he added
The Spokesman hinted that the intervention programme would not end in the 2016 budget cycle as proposals were on to appropriate another N500 billion for social intervention programmes in the 2017 budget.
Akande said that the outstanding 300,000 youths would still be hired early next year explaining that the 200,000 was the first phase of the programme.
Foreign Exchange Inflow Falls To $4.97bn
Foreign exchange inflow into the economy fell by 59.8 per cent in April according to figures obtained from the Central Bank of Nigeria (CBN) monthly report on ‘Foreign exchange flows through the economy’.
Part of the report read, ‘Aggregate foreign exchange inflow into the economy declined sharply, reflecting tepid global economic recovery, which undermined foreign trade and capital flows across countries, despite the COVID-19 vaccination drive.
“Foreign exchange inflow through the economy dropped by 59.8 per cent to $4.97bn in April 2021.
“The decrease was attributed, largely, to a sharp decline in autonomous inflow, particularly invisible purchases and official non-oil receipts, which declined by 63.1 per cent and 75.2 per cent, to $2.95bn and $0.81bn, respectively, in April 2021.”
According to the report, a breakdown of activities showed that foreign exchange inflow through the CBN was $1.66bn in April 2021, a decrease of 55.8 per cent below the $3.76bn in March 2021.
It added that inflow through autonomous sources, at $3.31bn in April 2021, was 61.6 per cent below the level in March 2021.
The CBN also said that aggregate foreign exchange outflow through the economy fell by 13.7 per cent in April 2021.
Aggregate foreign exchange outflow through the economy fell by 13.7 per cent to $2.74bn, below the $3.18bn in the preceding month.
Outflow through the CBN declined by 10.4 per cent to $2.58bn, compared with the $2.88bn in the preceding month, due largely to the bank’s policy on foreign exchange market.
It added that outflow through autonomous sources, at $0.16bn, decreased by 46.0 per cent in April 2021, compared with March 2021.
Overall, it said, the country recorded a lower net inflow of $2.23bn in April 2021, compared with a net inflow of $9.19bn in the preceding month.
NNPC Denies Funding 2019 Elections With Oil Traders’ Bribes
The Nigerian National Petroleum Corporation (NNPC) has reacted to an allegation that fees that trading firms paid agents to win oil contracts from the corporation might have raised funds for the country’s past two elections.
Nigeria’s past two general elections held in 2015 and 2019.
The contest for the presidential seat was mainly between ex-President Goodluck Jonathan and President Muhammadu Buhari in 2015, while it was between Buhari and former Vice-President Atiku Abubakar in 2019.
Buhari was declared winner in the two elections.
Citing lawsuits in London and New York, Bloomberg had reported last Friday that an ex-BP Plc oil trader alleged that cargo allocations by the NNPC could have contributed to preparations for general elections in 2019.
The report said a former Glencore Plc employee in July admitted paying a middleman $300,000 to secure a crude shipment from the NNPC, understanding the money would be spent on the nationwide election that took place four years earlier.
The NNPC, through its Direct Sale of Crude Oil and Direct Purchase of Petroleum Product scheme, awards contracts that allow companies, including international trading houses and indigenous firms, to lift crude oil in return for the delivery and supply of petroleum products. The contracts are usually for one year.
The Group General Manager, Group Public Affairs Division, NNPC, Mr Garba-Deen Muhammad, has, however, refuted the allegation.
“[It’s] not true, and I think that is obvious if you read the story with an open mind,” he said via a text message to a national daily.
Jonathan Zarembok, who left BP’s West Africa desk last year, was quoted as saying in the suit that he suspected that fees paid by the United Kingdom energy giant to obtain NNPC contracts would go toward the 2019 elections.
He filed an employment claim against BP, alleging that he was fired for raising concerns about the large sums being transferred to intermediaries to win business in Nigeria.
Zarembok was quoted as saying in a witness statement made public this month that emails sent in 2017 by a BP executive in Nigeria were a “clear red flag” and implied “there would be pressure to pay bribes”.
According to Bloomberg, the emails discussed how preparations for elections would get underway in 2018.
“We understand what that means,” the executive wrote.
He said the company then wired $900,000 in fees to a local agent after securing two oil cargoes from NNPC.
“BP is defending in full and denies all allegations made by the claimant,” Bloomberg quoted the company as saying in a statement.
It said BP declined further comment while Zarembok’s case at a London employment tribunal continues.
The report noted that similar details emerged two months ago, when Anthony Stimler, who left Glencore in 2019, pleaded guilty to corruption and money-laundering charges.
It said Stimler was notified in September 2014 that “Foreign Official 1” was asking all NNPC clients to pay an advance on each cargo “in connection with a then-upcoming political election,” according to US court filings.
He then had Glencore wire $300,000 to an intermediary company, which prosecutors said was used “to pay bribes to Nigerian officials.”
US prosecutors outlined how Stimler and others paid bribes worth millions of dollars in several countries, including to NNPC officials, between 2007 and 2018, according to the report.
VAT War: PNG Backs Southern Govs -Says It’s Part Of Restructuring
The Convener of Pro-Nigeria, Mr. Lai Omotola, has broken silence on the Value Added Tax (VAT) war currently going on between the Federal Inland Revenue Service (FIRS) and five southern states.
The five southern states include Rivers, Lagos, Ogun, Ekiti, and Akwa-Ibom states.
From the time a Federal High Court in Portharcourt gave a ruling that state governments, and not the FIRS, have the constitutional power to collect VAT, the Rivers State and Lagos State had quickly passed bills authorising the states to collect VAT.
Reacting to the development, Omotola, in a statement, said that PNG was in full support of states collecting VAT.
“We in PNG support the development and the subsequent stand by Lagos State and Rivers State in creating a law to enable their states to collect VAT. Others who have joined in the bid are states like Ogun, Ekiti and Akwa-Ibom states.
“This is a welcome development because we feel that it is lawful and it is in sync with the intention of our founding fathers that every state should be collecting VAT.
“It will also show fiscal restructuring towards economic development and at the end, Nigeria as a country will be better for it”, PNG posited.
The group also condemned the reception given by President Muhammadu Buhari to the former Minister of Aviation, Femi Fani-Kayode at the Presidential Villa following the defection of the latter to the ruling All Progressives Congress (APC), recently.
According to Omotola, the President should show reason why Nigeria should still believe in his fight against corruption and believe him as the upholder of basic morals on the account of his red carpet reception to Femi-FaniKayode at the Presidential Villa.
“Our concern is that this same man is currently having a battle with the Nigerian state via the Economic and Financial Crimes Commission (EFCC) on corruption charges.
“Although the law states that one is innocent until proven guilty, it is morally unjust for a President to receive with a red carpet and stand beside a person against whom the EFCC has established a case, stating unequivocally that he had defrauded Nigeria; and the same matter is still in court; therefore, to now see him being honoured by the President has thrown hope for this country into the wind”, the statement added.
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