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Rivers, 12 States Attract Direct Foreign Investments

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Despite the politically-orchestrated cry of insecurity in Rivers State, the state has been listed as one among the top 13 States, including Lagos and the Federal Capital Territory (FCT), that have attracted the sum of $5.3billion (N1.9trillion) foreign direct investments (FDI) in the last quarter of 2017.
Statistics from the Federal Ministry of Finance indicate that Rivers State netted $384,817 investment inflow into the state.
However, the FCT attracted the highest investment inflow with the sum of $2.68billion, with Lagos State following closely with $2.54billion investment, representing 47.2 per cent of the total investments into the country.
The investments made in 22 different sectors of the economy from October to December 2017, it was gathered, were the fallout of the new initiatives of government particularly in the area of ease of doing business.
This is about 49 per cent of the entire investment inflow into the country during the three-month period.
Akwa Ibom recorded an investment inflow of $124.84million; Ogun, $8.79million; Oyo, $7.03million; Delta, $5.69million; and Anambra, $3.77million.
Similarly, Enugu attracted a total investment of $644,890; Kogi, $500,000; Kano, $483,970; Bauchi, $425,000; and Kaduna, $89,975.
The sectors where the $5.3billion was invested are agriculture, $62.65million; banking, $543.37million; brewing, $2.3million; construction, $92.7million; consultancy, $2.06million; drilling, $0.3million; and electrical, $5.1million.
Others are financing, $122.68million; fishing, $99.4million; information technology, $8.45million; marketing, $0.48million; oil and gas, $23.83million; production, $317.8million; and servicing, $216.45million.
The rest are hotels, $0.3million; telecoms, $191.01million; tanning, $0.52million; trading, $12.96million; transport, $0.55million; and shares, $3.68billion.
The Minister of Finance, Mrs Kemi Adeosun at the weekend described the level of interest from foreign investors in the Nigerian economy as huge, adding that very soon, these interests would translate into massive investments that would create jobs and reduce the nation’s poverty level.
Usman gave some of the sectors where these investors were interested in as power, manufacturing, agriculture, solid minerals, among others.

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NBA President Sues For Workers’ Protection, Better Wage

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The President of the Nigerian Bar Association (NBA), Mr Afam Osigwe (SAN), has urged employers of labour to provide protection and enhanced wages for Nigerian workers.

Osigwe made this known in a statement in Lagos to commemorate 2025 Workers Day.

The Tide source reports that workers Day, also known as Labour Day or May Day, is celebrated on May 1 and is a public holiday in over 80 countries.

It is meant to celebrate the contributions of workers, promote their rights and  celebrate the labour movement.

According to Osigwe, Workers Day is a day to honour the resilience, hard work and sacrifices of Nigerian workers who remain unsung heroes of national development.

“We celebrate the vital role workers play in sectors of our national life; their dedication sustains our economy, institutions and daily lives.

“Beyond celebration, today presents an opportunity for sober reflection.

“Too many Nigerian workers still face harsh economic realities, unsafe working conditions, job insecurity and pay that falls far short of the rising cost of living.

“It is, therefore, not enough to offer praise without concrete action. They deserve a living wage and many more benefits,” he said .

According to him, Nigerian workers give their best to the country and, therefore, deserve a living wage.

” A living wage is not a privilege, it is a constitutional and legal entitlement of workers.

“We also urge employers, both in the public and private sectors, to imbibe good labour practices, ensure safety in workplaces, and create environments where workers can thrive without fear of exploitation, intimidation or discrimination,” he said.

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Tinubu Urges Youths To Leverage NASRDA Skills Acquisition Project For Employment

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President Bola Tinubu has called on Nigerian youths to leverage the skills acquisition programme of the National Space Research and Development Agency (NASRDA) for gainful employment.

Tinubu made the call on Wednesday in Abuja during the opening ceremony of NASRDA skills acquisition project being executed in collaboration with Grassroots Bridge Builders (GBB), a Non-Governmental Organisation (NGO).

Represented by Mr Adewale Adeogun, Chairman, Tinubu National Think Tank (TnT), he said the project was part of the many initiatives of the government under its Renewed Hope Agenda.

The Tide source reports that the project targets to train 60,000 youths with relevant life changing skills.

“Most of our people are not aware of some of the policies that the President have brought forward because they were not informed, misinformed.

“The NASRDA/GBB project is here to educate, train and allow NGOs, corporate bodies, religious bodies, some support group leaders on these activities and we have millions of people unaware.

“We want Nigerians embrace this programme, come up with ideas of how we can get millions, at least 50 million Nigerians out of this unemployment circle,’’ Tinubu said.

He said the Federal Government was in discussions with companies, government institutions to employ the youths who had benefited from the project.

“These youths, when trained through our platform, we will introduce them to ministries, agencies, parastatals and industries for employment.’’

Director-General of NASRDA, Dr Matthew Adepoju, said that Nigerian youths were intelligent, hardworking and creative, adding that the government was committed to giving them skills for development.

“We can use the space science and technology to empower the youth to function in their own ecosystem,’’ he said.

He recalled the agency already started a pilot skills acquisition programme on mast installation, maintenance and management of telecom infrastructure, with over 60 youths in participation.

According to him, the training is expected to touch on different sectors, states and local government levels because that is where the bulk of our youths reside.

Dr Haruna Mohammed, Technical Adviser to the D-G, said they were at the level of profiling the participants.

‘’The first was the pilot project, which we had over 60 participants, and we are scaling it up now, and we are profiling them, gathering data, trying to know how to spread it across the country.

“For this next stage, we are proposing 5000 youths and we recently had a request from some ministries to train about 60,000 youths,’’ he said.

Mohammed said that the youths would be trained on 27 different skills such as artistry, carpentry and painting.

Mr Ibrahim Igoche, Chief Executive Officer, GBB, encouraged other NGO, partners to join the government in building the skills of Nigerian youths to reduce poverty.

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Okpebholo Approves New Minimum Wage Of N75,000 For Edo Workers

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Gov. Monday Okpebholo of Edo has raised the minimum wage for Edo workers from N70,000 to N75,000 to further improve their standard of living.

The governor announced this during his May Day speech at the Samuel Ogbemudia Stadium in Benin.

The governor, while appreciating Edo workers’ contributions to the state’s development, said his administration would always look for ways to improve the welfare of Edo workers.

“Today, I am proud to announce that our administration has approved a new minimum wage of N75,000 per month for all Edo workers.

“It’s our way of saying thank you, Edo workers. We believe this makes a real difference, and we count on your dedication to a better Edo.

“Since taking office, my administration has prioritised workers’ welfare.

” One early action was converting over 1,000 casual workers, including cleaners, into permanent civil service employees,” he said.

Okpebholo disclosed that his administration had also hired 500 teachers, adding that he was reviewing over 3,000 casual teachers for full employment.

“We also approved recruitment of 450 clinical and non-clinical hospital staff and regularised 126 contract workers at Edo State Specialist Hospital for stability and growth,” he added.

The governor also disclosed that his administration had cleared outstanding salary arrears owed to Edo Polytechnic staff.

“In the judiciary, judges whose appointments were delayed have been properly sworn in and are now actively performing their constitutional duties without further administrative hindrances.

“To prove our commitment, we approved health insurance for retirees because we believe support must continue after workers leave active service,” the governor said.

Okpebholo reiterated his administration’s dedication to prompt salary and pension payments, structured recruitment, workers’ welfare and professional development

“As we celebrate today, I join President Tinubu and fellow governors in wishing Nigerian workers a peaceful, fulfilling celebration. Your efforts build our nation daily.”

Acting NLC Chairman, Edo chapter, Comrade Bernard Egwekhide, praised Governor Okpebholo for laudable policies that ease the hardship experienced by workers and pensioners across the state.

He said the theme, “Reclaiming the Civil Space Amid Economic Hardship,” was appropriate and highlighted the critical issues faced by Nigerian workers in today’s tough economy.

Egwekhide appreciated the governor’s seriousness towards workers’ welfare, noting that recent interventions had significantly improved the lives and civil rights of Edo workers.

“Within six months in office, you have performed excellently for Edo workers. Your achievements surpass our expectations and show real commitment to the needs of workers

“We also thank President Bola Tinubu for supporting Edo State. The first flyover is under construction, and a second has already been approved for development.

“Additionally, federal roads across the state are now receiving the urgent attention they have long needed, thanks to the partnership with the Federal Government,” Egwekhide said.

 

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