Nation
Experts Advocate Railway Liberalisation, SME Support To Tackle Unemployment
Some financial experts have called on the Federal Government to implement a two-way approach to address the rising unemployment rate.
They made the call in separate interviews with The Tide’s source in Lagos, yesterday.
They said that this two-way approach include liberalising the railway system and providing greater support to Small and Medium Enterprises (SMEs).
They further said that these measures would not only create jobs but also stimulate economic growth and improve overall development.
Dr Ayo Teriba, CEO of Economic Associates, emphasised the potential of railway privatisation to attract private investment and unlock employment opportunities.
He suggested that allowing multiple companies to operate in the sector would foster competition, improve efficiency and create jobs in various related industries.
”Allowing for private sector investment in the railway sector, just as it was done in the telecommunication, will unlock its employment prospects.
”Where different companies will jostle to operates in the sector, thereby creating economic growth,” Teriba said.
He noted that liberalising the railway would address the headwinds associated with hullage and people commuting across the country as well as creating jobs in the process.
In his view, Mr Chris Nemedia, a former Director, Research Department, Central Bank of Nigeria, said that the SMEs remained important in job creation and economic development.
He said that the government needed to invest in infrastructure, provide tax incentives and focus on productive sectors, to support SMEs and encourage local production.
Also, Mr Boniface Okezie, President of the Progressive Shareholders Association of Nigeria (PSAN), stressed the need for improved security to attract investment and create jobs.
He called on both federal and state governments to collaborate and implement innovative strategies to address security challenges and foster a conducive business environment.
Okezie highlighted the negative impact of foreign exchange volatility on businesses.
He urged the Central Bank of Nigeria (CBN) to take measures to stabilise the market and support the growth of the private sector.
”The volatility in the market is negating businesses engaged in importation, which is slowing down their expansion process,”Okezie said.
The Tide source reports that Nigeria’s unemployment rate increased marginally to 5.3 per cent in first quarter 2024 from 5.0 per cent in third quarter 2023.
According to the latest report from the National Bureau of Statistics in urban areas, the unemployment rate remained unchanged at 6.0 per cent, while rural unemployment stood at 4.3 per cent.
The unemployment rate increased to 5.3 per cent in the first quarter of 2024 from five per cent in third quarter of 2023.
The percentage of Youth Not in Education, Employment or Training (NEET Rate) was 14.4 per cent, indicating a 0.7 perbcent increase from third quarter of 2023.
Nation
Hosts 2026 President’s Inter-SS Debate as Eight States Vie for National Crown
Eight states across Nigeria have converged in Port Harcourt for the 2026 edition of the President’s Inter-Senior Secondary Schools Debate Championship, hosted by Rivers State Government.
The three_days championship, themed “27th Democracy & 3rd Year Anniversary of President Ahmed Tinubu Inter-Senior Schools Debate Championship,” opened on Monday at Government Girls Secondary School, Rumueme, Port Harcourt.
The participating states are Ebonyi, Abia, Delta, Sokoto, Yobe, Kwara, Enugu, and host state Rivers. Each state is represented by its top debaters selected through state-level contests.
Declaring the event open, the Rivers State Commissioner for Education, Dr. Peters Nwagor, said the championship goes beyond winning trophies. He described it as a national investment in the next generation of leaders.
“This platform is for nurturing young minds,” Nwagor said. “It builds critical thinking, research skills, confidence, effective communication, and the ability to engage constructively with views different from one’s own. These are the very qualities upon which responsible leadership and nation-building are founded.”
The Commissioner commended the organizers, participating schools, teachers, and coordinators for their commitment to promoting intellectual excellence among Nigerian youths.
He urged the students to compete with confidence, discipline, and respect. “Debate is not merely about winning an argument,” he noted. “It is about listening carefully, reasoning with clarity, presenting your evidence with honesty, and having the grace to learn from others. Let the quality of your ideas and the strength of your character define your participation here.”
Nwagor assured the participants that Rivers State is proud to play its part in raising a generation that will bring bold and innovative solutions to the country’s challenges. He wished all teams a rewarding, memorable, and successful championship.
Earlier in his welcome address, the National Coordinator of the President’s Schools Debate Nigeria, PSDN, Elder Dare Oritu, called the event a “gathering of minds” drawn from different parts of the country.
According to Oritu, debate is about three things. “It is about _unity_. It brings us together from different schools and backgrounds to learn from one another. It is about _broadening the mind_. It teaches you to think deeply, to listen well, to ask ‘why,’ and to defend your ideas with facts and respect. It is about _preparing you for leadership_. The problem-solvers and decision-makers of tomorrow are in this hall today.”
He reminded the students that debate is not a contest of aggression. “Debate is _not a fight_. We challenge ideas, not people. It is _not about who is better_. And it is _not do-or-die_. We win with grace, and we learn with humility,” Oritu said.
The PSDN National Coordinator encouraged all participants to compete with integrity, speak with clarity, and leave wiser than they came. He wished them the very best throughout the competition.
Highlights of the opening ceremony included the official draw for debate matches, administered by PSDN officials. The pairings will determine which states face each other in the preliminary rounds as the battle for the 2026 national title begins.
Amadi Akujobi
Nation
NIIT Port Harcourt Graduates 61 Cybersecurity Students, Enrols 48 New Intakes
Nation
HYPREP Marks 15 Years Of UNEP Report, Highlights Major Cleanup Milestones
The Hydrocarbon Pollution Remediation Project (HYPREP) has commemorated the 15th anniversary of the release of the United Nations Environment Programme (UNEP) Environmental Assessment Report on Ogoniland, reaffirming its commitment to restoring the environment and improving the livelihoods of affected communities.
In a statement signed by the Project Coordinator, Prof Nenibarini Zabbey, to commemorate the anniversary, HYPREP described the anniversary as a significant milestone in Nigeria’s environmental restoration efforts, noting that the project has made remarkable progress in implementing the recommendations of the landmark UNEP report released on August 4, 2011.
The UNEP report had revealed extensive oil pollution across Ogoniland, severe environmental degradation, and serious public health risks resulting from decades of petroleum operations. It also recommended an initial $1 billion fund to commence the cleanup of the affected communities.
According to HYPREP, the Federal Government formally launched the Ogoni clean-up in 2016, while the Project Coordination Office was established in 2017 to drive the implementation of UNEP’s recommendations.
Zabbey said the current administration has continued to prioritise the project under the Renewed Hope Agenda.
Providing an update on the cleanup, the Project Coordinator disclosed that 30 of the 65 contaminated sites identified by UNEP have been fully remediated, while work is ongoing at several medium- and high-risk locations. It also stated that more than 1.5 million mangrove seedlings have been planted as part of what it described as the world’s largest restoration of oil-degraded mangroves, with over 1,000 hectares of shoreline already rehabilitated.
Zabbey further revealed that 49 Ogoni communities have been connected to potable water schemes through multiple water projects and booster stations aimed at providing safe drinking water across the region.
In the health sector, he said the 100-bed Ogoni Specialist Hospital in Kpite and the 43-bed Cottage Hospital in Buan are nearing completion, adding that several existing health facilities have been upgraded with modern medical equipment, while five ambulances have been donated to improve emergency healthcare services. The Project Coordinator also disclosed that a three-year human health biomonitoring study is being conducted in collaboration with the World Health Organization’s International Agency for Research on Cancer (IARC).
On economic empowerment, Zabbey stated that the Project has created more than 8,000 direct jobs and trained thousands of Ogoni youths and women in various vocational and technical skills, including software development, cybersecurity, aviation, commercial diving, seafaring, mechatronics, and creative arts. The project also reported awarding scholarships to more than 1,000 students, providing grants to small businesses, and supporting persons living with special needs through skills acquisition programmes.
The statement further highlighted ongoing legacy projects, including the Ogoni Power Project and the Centre of Excellence for Environmental Restoration, which it said is about 96 per cent complete. HYPREP also welcomed the recent designation of the Ogoni Wetland as a Ramsar Site of International Importance and pledged to continue promoting biodiversity conservation and sustainable management of the ecosystem.
Marking the anniversary, Zabbey said the progress achieved over the past 15 years demonstrates the collective commitment of government, development partners, stakeholders, and local communities to restoring Ogoniland. He called for renewed collaboration to sustain the cleanup effort, promote environmental sustainability, and support the long-term development of the region. 3
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