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Nigeria Has Recorded Improvement In Human Capital Dev-Don

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A lecturer at the University of Nigeria, Nsukka (UNN), Prof. Christian Madu, says Nigeria has recorded tremendous improvement in human capital development and literacy level over the years.
Madu disclosed this when he spoke with The Tide source yesterday in Enugu.
He said that the country could boast of well-trained professionals and artisans in all fields of human endeavours adding that the entrepreneurial spirits of Nigerians drive these successes.
According to him, many of the Nigerian families understand the value of education and they are willing to invest in their children’s education.
“In most parts of the country especially the South-East and South-West, families can boast of at least a member with a university or higher education qualification.
“This is remarkable. In the 1960s after the independence, many families could not even boast of a member with secondary school education,” he said.
Madu, a Professor of Environmental Management and Control, however, said that the government has not done enough to ensure that the country sustain these gains in human capital development and literacy level.
“In 2020, Nigeria allocated 6.7 per cent of its national budget to education.
“According to a PrimeTime article of Oct. 24, 2020, the Federal Government dedicated only 5.6 per cent of its 2021 budget to education, which is Nigeria’s lowest in 10 years.
“This is a steep decline in the allocation for the education sector. The United Nations Educational, Scientific and Cultural Organization (UNESCO) recommendation is an international benchmark of between 15 and 20 per cent.
“Thus, we can see that the nation is far from this benchmark. Some public schools are so dilapidated and students in both the public and private schools hardly get any support from the government,” he said.
The don added:”Many of the achievements are through self efforts and family support. Our people have managed to find ways to educate themselves even under unbearable situations. Many have travelled abroad and have made their marks there.”
Madu, who is a supervisor of lead researchers at the Centre for Environmental Management and Control, UNN, said that the country exports technical and highly skilled labours to all parts of the world.
According to him, in almost any industrial nation you visit today, you will find Nigerians in the Diaspora as doctors, nurses, engineers, professors and so on.
“Those in Diaspora have also become the life support of the country. They take care of many families at home to contain the massive unemployment in Nigeria.
“According to the World Bank report titled “Migration and Development Brief,” Nigerians in the Diaspora remitted a whopping 23.24 billion dollars in 2019 and 16.8 billion dollars in 2020 showing a drop of about 27.7 per cent.
“The significance of this is that human capital development can actually help to bring stability and sustainability in the country by containing the increase in youth unemployment.
“The government needs to pay more attention to the education sector. It should also make serious efforts to tap into the wealth of professionals that are resident in other countries.We should be taking advantage of these resources rather than let them be the resources for other nations,” he said.
The don said that the country needed to emphasise more on technological skills for economic development.
“We are in a digital era, what the citizens need is little support from the government to actualise their goals.
“In places like Lagos and Enugu, computer villages are gradually emerging and the indigenous proficiencies that have been developed should be harnessed and not killed by excessive government interference in running such vital businesses,” he added

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Rivers Deputy Governor Hails PH City One Love For Humanitarian Gesture

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Rivers state Deputy Governor Professor Ngozi Nma Odu has commended “The Port Harcourt City One Love,”a Port Harcourt based humanitarian orgnisation For it’s commitment towards alleviating the sufferings of the poor and vulnerable in the society.

Professor Ngozi Nma Odu said this while speaking at this year’s edition of “operation feed the needy” a yearly outreach program of “The Port Harcourt City One Love ” in Port Harcourt.
The Deputy Governor said by feeding more than sixty thousands hungry people within the past six years, the Port Harcourt City One Love Movement has distinguished itself as a club that cares for the less privilege in the society.

She commended the , organization for listing eleven thousand persons to be fed in the current exercise.

Meanwhile The Port Harcourt City One Love  has planned a permanent solution to the problem of feeding the poor in the state.

The leader of the group Mr Idaere Gogo Ogan who said this in an interview with newsmen during the distribution of food items to the poor and vulnerables in Port Harcourt said the organization is planning a permanent food kitchen where poor and vulnerable persons can work in anytime and get fed.

Idaere Gogo Ogan said more than sixty thousands poor and vulnerable persons across Port Harcourt City and environs have been fed since the inception of “The operation feed the needy” program six years ago,adding that so far sixty thousands poor and vulnerable persons have beneffited.

 

He described the group as a platform to promote friendship, brotherhood, community development empathy and feeding the less privilege and hungry people
“That’s what we are doing today here,so we started the exercise six years ago”.he said.

Ogan said the effort was a private sector driven initiative but added “it also involves people in Government because the platform does not recognize any division,we bring everybody together in unity , friendship and brotherhood”he said.

He said the effort will go along way in alleviating hunger especially following the prevailing hunger in the country.

According to him “you know the country is very tough, people are hungry people are starving, there is a whole lot of economic hardship,so for us, this is just our own way of reaching out, our own social contribution to what is very difficult”he said.

Over eleven thousand persons were fed in the just concluded exercise.
Areas of coverage include, Isaac Boro park, Port Harcourt prison/Macoba, Borokiri/Enugu waterside Bundu areas Waterlines and others.

Some of the beneficiaries including an 80 years old widow commended the movement for the annual programm and urged other organizations to emulate them

 

John Bibor,/Esuuk Oyet/Suotor Memoye /Jeremiah Hannah

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We’ll Partner Private Sector to Industrialize Rivers State – Fubara …Hints Revitalization of Ahoada, Trans Amadi Industrial layout

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Rivers State Governor , Sir Siminialayi Fubara says the industrialization of the state remains a key drive of his administration.
Speaking through Director General of the Rivers  State Investment Promotion Agency, Dr. Chamberlain Peterside at the Shell Gas Limited and Manufacturers Association of Nigeria(MAN) Investors Forum held in Port Harcourt, Fubara stressed that public /private partnership is key to revive production in the state.
“We are ready to partner Shell Gas Limited to revive manufacturing in Rivers State at Ahoada Industrial Park, and the new Port City project, including the proposed Bonny Industrial Park which will grow industries along the Bonny corridor” he declared.
Part of the scheme, he further stated is to collaborate with Shell Gas Limited and the private sector to transform Rivers State into a major manufacturing hub in the South of Nigeria.
Commending Shell and MAN for leading the frontline, Sir. Fubara said,” the time to act is now  and thank God Shell is taking the lead to prioritize gas.”
The governor opined that the gas sector provides huge investment opportunities to drive the state economy as the world is gradually shifting towards gas and other environment friendly energy, while urging stakeholders to evolve an actionable gas policy for the state.
Earlier in his remarks, Shell Gas Limited Head of Gas Distribution, Mr. Chukwuka Amos-Ejesi said it is high time the state utilized its huge gas resource.
“Today gas offers investors opportunities and raises the value chain as it boosts production for industry users,” Amos-Ejesi said.
The Shell Gas Distribution executive said the company seeks to support manufacturing by adopting a user friendly approach that allows manufacturers to grow profitably with affordable cheaper energy.
He explained that natural gas provides huge potentials and aligns with federal government  policy of gas utilization.
Chairman of MAN Rivers and Bayelsa Branch, Elder Vincent Okugu described gas as the backbone of manufacturing.
He said the forum has become timely and key to address the pressing energy provision to boost production in the sector, as he lamented the high costs borne by manufacturers in sourcing energy alternatives.
In her remarks, Chairperson of  the Port Harcourt Chamber of Commerce Industry Mines and Agriculture, Dr. Chinyere Ngozi Nwoga commended Shell for the forum which she described as a bridge to reduce gap of energy provision for manufacturers.
Ngozi Nwoga said the transition to natural gas has become imperative, stressing that pipeline gas offers cheaper and smooth energy provision for industries.
Former MAN chairperson for Rivers and Bayelsa States, Mrs Emilia Akpan was of the view that the quest to provide cheap energy should be driven with technical manpower, as she emphasized  need for Rivers State to recreate its economy.
By Kevin Nengia
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SheVentures Open Zero-interest Loan Applications for Women Entrepreneurs

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First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to N10 million to women entrepreneurs to ease access to working capital and support business growth.
The facility provides loans ranging from N500,000 to N5 million under a general category, and N5 million to N10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.
Managing Director and Chief Executive of First City Monument Bank (FCMB),  Yemisi Edun,  said the initiative reflects a deliberate approach to inclusive growth.

“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively. Women-led enterprises are critical to economic activity, yet they face structural barriers.

“This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs”, Edun said.

Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB), Nnenna Jacob-Ogogo said access to affordable finance remains a major constraint for women entrepreneurs.

 

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