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ILO Warns On Global Youths Unemployment

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The International Labour Organisation (ILO), has warned of a “scarred’’ generation of young workers facing a dangerous mix of high unemployment, increased inactivity and precarious work in developedcountries.

It also increased persistently high working poverty in the developing world.

ILO gave the warning in its “Global Employment Trends for Youth: 2011 Update’’, which was released in Geneva, Switzerland.

In a statement on the report, it stated that, “the bad luck of the generation entering the labour market in the years of the Great Recession brings not only current discomfort from unemployment, under-employment.

It Added, the stress of social hazards associated with joblessness and prolonged inactivity, but also possible longer term consequences in terms of lower future wages and distrust of the political and economic system’’.

It quoted the report as noting that, “this collective frustration among youth has been a contributing factorto protest movements around the world this year, as it becomes increasingly difficult for young to find anything other than part-time and temporary work’’.

The report also said that, “in the Middle East and North Africa, for example, over the past 20 years, approximately one in four youth have been unemployed despite progress made in the education of girls and boys’’.

It showed that, “the absolute number of unemployed youth fell slightly since its peak in 2009 (from 75.8 million to 75.1 million in late 2010, a rate of 12.7 per cent) and is expected to decline to 74.6 million in 2011, or 12.6 per cent’’.

However, the report attributed this more to youth withdrawing from the labour market, rather than finding jobs.

“That if those who were either ‘hiding out’ in the education system, or waiting at home for prospects to improve included in the analysis.

The Executive Director of the ILO Employment Sector, Jose Manuel Salazar-Xirinachs, said: “These new statistics reflect the frustration and anger that millions of youth around the world are feeling’’.

Salazar-Xirinachs said that, “governments are struggling to find innovative solutions through labour market interventions such as addressing skills mismatches, job search support, entrepreneurship training, subsidies to hiring, among other things’’.

He noted that, “these measures can make a difference, but ultimately more jobs must come from measures beyond the labour market that aim to remove obstacles to growth recovery.

He continue, “such as accelerating the repair of the financial system, bank restructuring and recapitalisation to re-launch credit to small and medium sized enterprises, and real progress in global demand rebalancing’’.

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ECOWAS Parliament adopts $26m 2026 budget, announces 25th anniversary plans

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The ECOWAS Parliament has adopted a budget of 19,636,030 Units of Account (UA) (26 million dollars) for the 2026 fiscal year, and announced plans to commemorate its 25th anniversary in November.

The Speaker of the Parliament, Hadjia Memounatou Ibrahima, who announced this, said the development followed the recent conclusion of its 2025 Second Extraordinary Session in Port Harcourt, Nigeria.

She said the budget was adopted by the Parliament during plenary, stressing that, beyond being a mere accounting act, it was the engine of parliament’s commitment to West Africans.

”It will enable us to carry out our priority missions, including implementing the conclusions of the seminar on AI, while ensuring virtuous and transparent management of public funds entrusted to us.

”This budget represents a five per cent increase compared to the 2025 fiscal year budget, reflecting an upward adjustment of UA 939,233 from last year’s UA 18,996,897.

”Out of the budget of UA 19,636,030 for 2026, the sum of UA19, 368,394 representing 98.64 per cent is expected to be financed through the proceeds from the Community Levy, while UA257,636, equivalent to 1.36 per cent, will accrue from other sources,” Ibrahima said.

The News Agency of Nigeria (NAN) reports that the ECOWAS Community Levy is a mandatory 0.5 per cent tax imposed on goods imported into ECOWAS member states from non-ECOWAS countries.

Member states are under statutory obligation to pay the community levy, which is the main source of funding for ECOWAS institutions and their activities.

Ibrahima, however, expressed dismay that some members of the community were still defaulting on the payment of the levy, and warned that, going forward; such would be met with sanctions.

She also said that the commemoration of its 25th anniversary in November would highlight the ECOWAS Parliament’s achievements in deepening regional democracy, cooperation and growth, amid formidable challenges.

The Speaker described the forthcoming anniversary as “a chance to showcase resilience and chart a more innovative, youth-focused future for the community”.

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NIGERIA AT 65: FUBARA HARPS ON UNITY, PEACE

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The Governor of Rivers State, Sir Siminalayi Fubara, has begun the celebration of Nigeria’s 65th Independence anniversary with a Juma’at service where prayers were offered for the progress of the state and Nigeria.

Governor Fubara, who advocated for peace and unity of Nigeria during the prayers on Friday at the Rivers State Central Mosque, Port Harcourt, indicated that without peace, the accelerated development of Nigeria will remain in a limbo.

Governor Fubara, who was represented by Alhaji Abdurrazaq Diepriye, therefore urged citizens to remain patriotic.

According to him, “Allah has brought us this far. Without peace, we can not have progress and economic development. I call on all citizens irrespective of creed or tribe to remain patriotic.”

He thanked President Bola Tinubu for restoring peace in Rivers State while also using the forum to appreciate security agencies for their relentless effort in upholding the peace and unity of Rivers State and Nigeria.

 

The Chief Imam of Rivers State Central Mosque, Imam Ibrahim Yaloo, admonished Moslem faithful to always speak the truth, adding that those who obey Allah will be directed to good deeds and their sins forgiven.

 

Prayers were offered for Rivers State and Nigeria.

 

Other activities to mark the 65th Independence anniversary in the state include an Inter-denominational Church Thanksgiving Service on Sunday, 28th September and Parade Ceremony on Wednesday, 1st October.

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Shettima departs New York for Germany after UNGA engagement

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Vice-President Kashim Shettima departed New York on Sunday after representing President Bola Tinubu at the 80th session of the United Nations General Assembly.

In a statement released on Sunday by the VP media aide, Stanley Nkwocha, the Vice President is now headed to Germany, where he will hold strategic meetings with officials of Deutsche Bank.

The statement read, “Vice President Kashim Shettima has departed New York, United States, after successfully representing President Bola Ahmed Tinubu, GCFR, at the 80th Session of the United Nations General Assembly.

“During his participation at UNGA 80, VP Shettima secured UN Secretary-General António Guterres’ commendation for Nigeria’s bid for a permanent UN Security Council seat.

“He also showcased Nigeria’s $200 billion energy transition opportunity to global investors and strengthened strategic partnerships with the UK on trade, defence, and migration issues.”

Nkwocha added that the VP delivered Tinubu’s national statement, calling for UN reforms and a permanent seat for Nigeria at the UN Security Council, and “demanded Africa’s control over its $700 billion mineral wealth, and digital inclusion initiatives.”

“He also engaged with the Gates Foundation on healthcare and education expansion, positioning Nigeria as the natural hub for the African Continental Free Trade Area’s $3.4 trillion market.

“VP Shettima was seen off at John F. Kennedy International Airport, New York, by cabinet Ministers who were part of the UNGA 80 delegation and Nigerian Mission officials.”

The aide noted that Shettima will return to Nigeria immediately after his engagements in Germany.

The Tide source recalls that the VP departed Abuja, yesterday.

He led other Nigerian officials at the Assembly.

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