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FG Taps Steel Industry To Create 40,000 Jobs

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The Minister of Mines and Steel Development, Olamilekan Adegbite, has stated that the steel industry in the country is capable of creating about 40,000 jobs if fully developed.

The minister, while at a facility tour of Premium Steel and Mines Limited, Warri Delta State, yesterday, explained that the mandate of the ministry is to expand the sector, use it to diversify the economy and create more jobs to reduce poverty the rate in the country.

Adegbite encouraged the management of Premium Steel and Mines Limited to get the company running at full capacity, noting that the ministry had the mandate to diversify the economy and create jobs through the sector.

“The mandate of the ministry is to expand the sector, use it to diversify the economy and create jobs and also to generate revenue for the government. I will encourage you to speed up the process. You are going to employ a lot of people which is a welcome development”, he said.

Adegbite also said that it was important for the nation’s steel sector to produce flat steel sheet. He noted that such was vital for the development of the sector.

“For the nation to industrialise, we need to produce a flat sheet, which is the ultimate goal of the sector. With flat sheet we can produce many things like engine blocks, vehicle bodies, etc”, he said.

Adegbite also rallied the steel producer to support the metallurgical Industry bill.

The minister noted that the bill when enacted into law would assist in establishing programmes that would aid the private sector to operate optimally, producing competitive high-quality products for both the local and international market.

“Government is willing to do everything to support the industry. That’s why we have proposed a metallurgical industrial Bill, which is at the council for approval. When it is approved it will support the industry. It will make it a lot easier for you to operate. We would have been empowered by the law to support you. The support we give will have the backing of the law.”

The Group Chief Executive Officer of Premium Steel and Mines Limited, Anand Badjatya, said that the management of the company was working towards fully reviving the company.

He said that the company would save the nation more than a million tons of steel in import and conserve about 600 million dollars in foreign exchange when working at full capacity.

According to him, “We aim to save the nation about 600 million dollars from import substitution.”

It would be recalled that Premium Steel was formerly called Delta Steel Company before it was privatised was designed to produce 1.2 million tonnes of liquid steel per annum to be cast into 960,000 metric tonnes of billets and rolled 330,000 metric tonnes in its Rolling Mill.

The remaining 630,000 metric tonnes were to feed the three inland Rolling Mills at Jos, Oshogbo and Katsina, who have 210,000 metric tonnes capacity Rolling Mills each.

 

 

 

 

 

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NHRC Seeks Prioritisation Of Children’s Rights In National, State Budgets

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The Executive Secretary of the National Human Rights Commission, Mr Tony Ojukwu, has called for the prioritisation of child rights issues in both the national and state budgets.
Ojukwu, represented by Abdulrahman Yakubu,  director, political and civil education rights in the commission made the call in Abuja at an event organised by the commission to commemorate the 2021 International Day for the African Child  (DAC), celebrated every June 16.
He also called for alignment of national implementation plans of the Child’s Rights Act with international action plans like the Agenda 2040 and the Sustainable Development Goals (SDG) agenda to ensure a more holistic and measurable implementation outcome
“While progress has been made on the implementation of the Child’s Rights Act and Laws across the   states that have adopted it, challenges bordering on non-prioritisation of child rights in the budget, poverty.
“Harmful traditional practices, inadequate access to educational and health services, armed conflicts and more recently the COVID-19 pandemic have continued to slow down process across all sectors.
“I call on all concerned Ministry , Departments and Agencies and child-focused organisations to explore  new tools and innovations like technology and social media to accelerate the implementation of child-based laws and policies in the country,” he said.
He also called for the adoption and implementation of measures to ensure universal health coverage, access to quality health-care services for all while closing all gender and vulnerability gaps.
Ojukwu also called for equal access to compulsory and quality education to all children, including children in rural communities, the girl child, children living with disabilities, children in conflict and humanity settings.
“We must address the root cause of conflict and engage early warning mechanisms to eliminate the impact of armed conflicts on children” he said.
The executive secretary said the DAC serves as a strong advocacy and sensitization tool for implementation of children’s rights.
“Beyond honouring the memory of the fallen heroes, the DAC celebration calls for introspection and self-assessment by the AU member states on the level of child rights implementation in respective countries.
The theme for the 2021 DAC celebration as selected by the African committee of Experts on the Rights and welfare of the child, he said, 30 years after the adoption of the charter: accelerate the implementation of the Agenda 2040 for an Africa fit for children.
In a goodwill message, the Country Representative of UN  Women Nigeria, Ms Comfort Lamptey called for education-in-emergencies in Borno,  Yobe and Adamawa.
The country representative, represented by Patience Ekeoba,  National Programme Officer,  UN Women Nigeria,  Lamptey said that children of these three conflict affected states need education -in-emergencies.
“ In the north east of Nigeria, 2. 8 million children need education -in-emergencies support. No fewer than 802 schools remained closed and 497 classrooms are listed as destroyed with another 1, 392 damaged but repairable in Borno, Yobe and Adamawa.
“In addition to this,  the COVID-19,  insecurity and humanitarian crisis and other prevailing challenges have presented new and additional challenges,” she said
“A lot of countries in Africa have robust legal frameworks policies,  conventions and other frameworks that guarantee the rights of the child,” she added.

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Court Rejects EFCC’s Request To Amend Charge In Ex-NNPC GMD’s Trial

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A Federal High Court in Abuja has rejected an application by the Economic and Financial Crimes Commission (EFCC) to amend its charge in the $9.8million, £74,000 fraud trial of an ex-Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu.
Justice Ahmed Mohammed, in a ruling, yesterday, held that granting the application by the EFCC would amount to varying a subsisting judgment given by the Court of Appeal, Abuja on April 24, 2020, where it, among others, ordered Yakubu to enter defence in relation to counts three and four of the six counts originally contained in the charge on which he was arraigned.
Justice Mohammed was emphatic that allowing the prosecution (the EFCC) to amend the charge was tantamount to disobeying the subsisting order made by the Court of Appeal in its judgment of April 24, 2020.
The EFCC claimed that its operatives, acting on a tip-off, raided Yakubu’s house located on Chikun Road, Sabon Tasha area of Kaduna South Local Government Area of Kaduna State on February 3, 2017, and recovered the $9,772,800 and £74,000 cash kept in a fire proof safe.
It arraigned Yakubu on March 16, 2017, on a six-count charge relating to money laundering offences.
He was among others, accused of failing to make full disclosure of assets, receiving cash without going through a financial institution, which borders on money laundering and intent to avoid a lawful transaction under law, transported at various times to Kaduna, the aggregate sum of $9,772,800 and £74,000.
The prosecution closed its case on October 17, 2018, after calling seven witnesses.
The seventh prosecution witness, an operative of the EFCC, Suleiman Mohammed, spoke about how his team recovered the $9,772,000 and £74,000 cash in Yabubu’s house in Kaduna, which was later deposited in CBN in Kano.
At the closure of the prosecution’s case, Yakubu made a no-case submission, which Justice Mohammed, in a ruling on May 16, 2019, partially upheld by striking out two of the six counts contained in the charge and ordered Yakubu to enter defence in relation to the remaining four counts.
The judge was of the view that the prosecution failed to prove counts five and six of the charge, which related to allegation of unlawful transportation of the money.
“Even though I am tempted to discharge the defendant on counts one to four, I am, however, constrained to ask the defendant to explain how he came about the monies recovered from his house.
“Fortified with my position, the defendant is hereby ordered to enter his defence in respect of counts one to four,” Justice Mohammed said in the May 16, 2019, ruling.
Dissatisfied, Yakubu challenged the decision at the Court of Appeal, Abuja, which, in a ruling on April 24, 2020, upheld Justice Mohammed’s ruling and proceeded to strike out two more counts – one and two – in the charge.
The Court of Appeal, then, ordered Yakubu to enter his defence in respect of the remaining two counts – three and four.
Proceedings later resumed at the Federal High Court, with the defendant commencing his defence as ordered by the Court of Appeal.
But, on March 10 this year, the prosecution applied for leave to amend its charge, arguing among others, that the law allows the prosecution to amend charge at any stage of the proceedings before judgment.
The defence countered, arguing that the Court of Appeal, in its judgment of April 24, 2020, made an order to guide further proceedings in the trial.
It noted that the Court of Appeal ordered that the defendant was only to enter defence in relation to counts three and four in respect of which a prima facie case was established.
The defence urged the court to refuse the prosecution’s application for amendment and allow the defendant to continue with his defence, a prayer Justice Mohammed granted in his ruling, yesterday.
When the judge ended the ruling, yesterday, the defence indicated its intention to proceed with its case, but the court elected to adjourn till June 30 following plea by the prosecution for an adjournment on the grounds that the lead prosecuting lawyer was not immediately available.

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Economist Challenges W’Bank’s Prediction On Nigeria’s Inflation Rate

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An economist, Prof. Akpan Ekpo, has queried World Bank’s prediction that Nigeria’s inflation rate is expected to rise to fifth highest in Sub-Saharan Africa by the end of 2021.
Ekpo, a professor of Economics and Public Policy at the University of Uyo, Akwa Ibom State, questioned the prediction in an interview with The Tide source yesterday in Lagos.
Recall the bank’s Lead Economist for Nigeria, Macro Hernandez while presenting its six-monthly update on development in Nigeria on Tuesday, said Nigeria was lagging the rest of sub-Saharan Africa, with food inflation.
Hernandez included heightened insecurity and stalled reforms as slowing growth and increasing poverty.
The professor said: “First of all, we need to examine the methodology the World Bank used to arrive at the conclusion because we know that inflation has declined slightly.”
Ekpo, also Chairman, Foundation for Economic Research and Training in Lagos, said, however, that if government could solve the insecurity problems limiting economic growth and increase Agricultural production, the prediction might not hold.
According to him, there are countries with double digits inflation and still doing well.
“This means you can have inflation and yet your GDP is growing, so, it’s when you have what we call run-away or hyper inflation that is when you get worried.
“Run-away inflation means that prices are increasing everyday or every month without control,” he said.
On predictions that the inflation would push seven million more Nigerians into poverty due to falling purchasing power, Ekpo gave a suggestion to the federal government to stem it.
He urged the Federal Government to seriously implement the National Poverty Reduction with Growth Strategy Programme and the Economic Sustainability Plan documents.
“I cannot fault them on this one because already, the National Bureau of Statistics (NBS) said about 85 million Nigerians are living in poverty.
“So, World Bank just saying that confirms what our own NBS has already said.
“Now, if the government implements the National Poverty Reduction initiative document as well as the Economic Sustainability plan seriously, then we can begin to reduce the poverty rate.

“Then the economy must grow double digits, that is, 10 per cent and above for us to see reduction in poverty and more jobs creation as well, because poverty is linked to unemployment,” he added.

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