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Community Demands Employment Slots

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The Oginigba community in
Obio/Akpor Local Government Area of Rivers State has called on the management of Pabod Breweries to employ indigenes of the community into its managerial cadre and also give to the community 20 employment slots to ensure that men and women of the community are fully engaged, among other demands.
The community which made the demands on the heels of a peaceful protest by indigenes of the community last Tuesday at the company’s main gate said it was unfortunate that the company had not done  enough to employ and empower the people.
Articulating the community’s position during a peace meeting brokered by the Paramount Ruler of the community, Eze G. B. Odum, at his palace onTuesday between managers of the company and indigenes of the community, former Public Relations Officer of the Oginigba Youth Association, Mr. Kenneth Onunwor Amadi, appealed to Pabod Breweries management to create an avenue where both the youths and women of the community are allowed to do contract jobs, vendorship and supplies for the company, saying, allowing them to do so
would go a long way to empower them.
He decried a situation where an indigene of the community had never been employed as the Human Resources Manager of the company, for which reason, it was resolved by the community at the meeting that since the company already had a Human Resources Manager, the company should appoint an indigene of the community as Assistant Human Resources Manager within the shortest possible time.
While commending the company for executing various development projects in the community, Mr. Amadi equally appealed to the company to execute more projects in the community this year.
He also stressed the need for the company to give 10 additional scholarship slots to the community this year to enable the three compounds that make up the community to benefit maximally.
The former PRO equally stated that the community had resisted the change of labour brokers earlier appointed by the company, and demanded their immediate reinstatement and also the review of their contract terms.
He further alleged that the company had refused to grant the community access to negotiate with a new company, a Shopping Mall established inside Pabod Breweries, stressing that the company had equally refused to acknowledge and recognise a new Community Liaison Officer (CLO) posted to     it by the community.
Amadi also brought to the fore the issue of the members of the new interim committee of the youth body duly appointed by Obio/Akpor Local Government Council which the company had refused to recognise.
In its response, the management of Pabod Breweries represented at the meeting by the Corporate Affairs Manager; Mr. Ken Ichoku, the Human Resources Manager, Mr. Benjamin Akunjobi and the District Manager, Mr. Chiemeka made some concessions to the community.
Speaking at the meeting, the Paramount Ruler of Oginigba community, Eze G.B. Odum thanked all the parties for their cooperation, and expressed joy that problems affecting companies in the area and the community were always amicably resolved at a round table.
He, however, blasted the Human Resources Manager, Mr. Benjamin Akunjobi for avoiding him for close to four years he had worked with the company in that capacity, and urged for a change of attitude.
Odum also decried a situation where the General Manager of the company who is from Mozambique and the other two top managers of the company did  not attend the meeting.                attend
attend the peace meeting, stressing that their presence would have created an atmosphere for all other knotty issues affecting the company and the community to be thrashed out.
While stressing the need for the company to always carry along both the King and the people of the community, he said he was happy that his intervention had brought about peaceful and amicable resolution of the issues at stake, and cautioned the people, Pabod Breweries and other companies in the area not to do anything that would fuel crisis and jeopardise the peace the community has been enjoying.

 

Donatus Ebi

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CBN Opens N500,000 Grants Portal For Graduates, Undergraduates

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To reduce the level of suffering associated with unemployment in the country, the Central Bank of Nigeria (CBN) has developed grants of N500,000.00 for graduates and students.
A statement from the apex bank, made available to The Tide, said qualified persons have been directed to visit cbnties.com.ng portal for the CBN N500k grants registration.
This, according to the statement, is under the Tertiary Institution Entrepreneurship Scheme (TIES), in partnership with Nigerian Polytechnics and Universities to exploit the potential of graduate entrepreneurs in Nigeria.
CBN said the aim of TIES is to increase access to finance for Nigerian polytechnic and university graduates and graduates with innovative business and technological ideas.
The apex bank added that it is also to address the trend of white-collar job seekers and focus on job creation.
The statement quoted the CBN Governor, Godwin Emefiele, as saying that the scheme is designed to create a “paradigm shift from a ‘white-collar’ job search culture to an entrepreneurial culture to economic growth and job creation between undergraduates and graduates.
“As for the grant, CBN will allocate N500 million among the top five third best delivery organizations.
“The top five polytechnics and universities in Nigeria with the best entrepreneurial trends/ideas will be awarded first place: N150 million second place N120 million third place N80 million fourth place N80 million and fifth place. Location – N50 m illion”, it stated.
As part of the scheme, the CBN has announced that it will form a private and public sector expert organization (BoE) for two-year regional and national entrepreneurship competitions to assess the entrepreneurial and technological innovations offered by Nigerian polytechnics and universities.
BoE will also recommend high-potential projects and the variable impact on the award of the grant.
Projects funded under the scheme will be monitored by independent monitors set up jointly by CBN and MFIs.

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Economic Growth, Determining Factor For Policies In 2023  – Stockbrokers

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Chairman of Research and Technology at the Chartered Institute of Stockbrokers (CIS), Mr. Akeem Oyewale, has said that economic growth and development should be the determining factor in policies ahead of 2023.
Oyewale, who said this recently at the institute’s Annual National Economic Review and Outlook 2022 webinar  in Lagos, urged policy makers to act in a spirit of justice and tolerance to avoid acts that could lead to violence in the run-up to the 2023.
Speaking on the topic: “Global Dynamics Shaping Nigeria‘s Economic Future”, Oyewale listed factors such as the process leading up to the 2023 general elections, the response to Omicron, and the effects of COVID-19, as what would also determine the growth of the nation’s economic development.
He used the fora to urge the Federal Government to intensify its engagement with Nigeria’s capital market to better smoothly finance the 2022 budget deficit without increasing borrowing.
Oyewale also directed the Central Bank of Nigeria (CBN) to fully consider the effects on the capital market when making monetary and fiscal policies.
According to him, the philosophy of building an economy led by the private sector enshrined in the National Development Plan must be strictly adhered to.
On the need for new listings, Oyewale said Nigeria National Petroleum Company’s trading should continue with the public listing of its shares on the stock market.
This, he explained, would give Nigerians the opportunity to co-own one of the country’s commanding heights.
“The CBN and banks should grant trading facilities to securities trading firms in the country to maintain optimism in the capital market”, he said.
Speaking further, he urged pension funds and other institutional investors to increase their investment in the stock market to create much-needed stability and encourage new investment.
Earlier, President of the CIS Council, Mr Olatunde Amolegbe,  said the institute would continue with initiatives that would enhance its growth and development in 2022.
Amolegbe stated that CIS would undertake activities that would promote capital market literacy in all geopolitical zones of the country, saying that he would strengthen collaboration with international professional bodies such as CISI UK and others for the benefit of their members.
He continued that the institute was working to increase the number of Nigerian universities offering graduate and undergraduate courses in securities and investment/capital market studies.
“Our vision by 2023 is to see the Securities and Investments profession registered in the hearts of young Nigerian academics as their preferred career path and CIS as the model to be followed by other professional bodies,” he concluded.

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PenCom Completes Review Of Pension Reform Act 2014

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The regulatory body of the Nigerian Pension Industry, the National Pension Commission (PenCom) says it has deliberated on the review of the Pension Reform Act 2014 (PRA 2014).
This was contained in a statement to newsmen signed by Peter Aghahowa, Head, Corporate Communications of PenCom, who disclosed that the regulator organised the retreat on the review of PRA 2014 in Abuja between January 12 and 14.
According to Aghahowa, the retreat was aimed at identifying salient issues to be reviewed in the PRA 2014 as a prelude to advancing legislative action on the bill.
Aghahowa said it is expected that the National Assembly would subsequently organise a public hearing to provide an avenue for stakeholders to formally make input into the proposed amendments.
He also said that the PRA 2014 was enacted following a review of the initial PRA of 2004, which introduced legal and institutional frameworks of the Contributory Pension Scheme (CPS) and established PenCom to regulate and supervise all pension matters in Nigeria.
According to him, the Director-General of PenCom, Aisha Dahir-Umar, during the opening ceremony of the retreat, had informed the participants that the PRA 2014 codified one of the most important socio-economic reform initiatives of the Federal Government.
He continued that she said this has brought about a pension industry that has accumulated pension assets in excess of N13 trillion invested in various aspects of the Nigerian economy.
He quoted her as saying that “the review is a corollary to some implementation challenges encountered with certain sections of the Act not long after its enactment in July 2014.
“This was also an addition to persistent calls from stakeholders for the amendment of some sections of the Act, which resulted in several legislative initiatives through the sponsorship of Bills for amendment of the PRA 2014 by the National Assembly.
“Consequently, the Commission as the regulator of the pension industry, decided to coordinate and harmonize the various efforts in order to achieve a comprehensive and constructive exercise for the review of PRA 2014”, he concluded.

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