Business
Stakeholder Hails CIIN On Insurance Education
Managing Director of LAKEG Insurance Consult Limited, Mufutau Oyegunle has commended the Chartered Insurance Institute of Nigeria (CIIN) for its effort to boost insurance education in the country’s institutions of higher learning.
Oyegunle gave the commendation in an interview with newsmen last Thursday in Lagos while reacting to the institute’s plan to help in the establishment of an Insurance Department in Babcock University in Ogun State.
Oyegunle, said that the President of CIIN, Mrs. Funmi Babington-Ashaye made the promise when the council members of the university visited the institute’s secretariat in Lagos on September 7.
”The university council members was led by Deputy Vice-Chancellor, Management Services, Prof. Sunday Owolabi, and the visit was to fine-tune the plans on the creation of the department.’’ Oyegunle said.
He said many Nigerian youths lacked knowledge about insurance and its importance in all human endeavours, including business undertaking.
”This has manifested in poor patronage of insurance products by the public and the unwillingness to choose insurance as a course of study by the youths,’’ he said.
The expert said the institute’s plan to establish insurance department in institutions of higher learning that lacked it would improve the quality of manpower in the insurance sector.
He said having departments in the universities, polytechnics and the course taught at secondary schools would attract more youths to the industry.
”It would also combat misconceptions disrupting the growth of the industry in the country.’’
Oyegunle urged stakeholders in the industry to support CIIN in the propagation of insurance education for industrial growth and economic advancement.
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Business
$5bn Train 7 Project 80% Complete -NCDMB
The Board stated this in a statement released by its Corporate Communications Directorate to newsmen, recently, during the inauguration of 140 trainees for the Train 7 Project.
The trainees had undergone the Nigerian Content Human Capacity Development (NC-HCD) programme it organised in partnership with the Nigeria Liquefied Natural Gas (NLNG) Limited in Port Harcourt, the Rivers State capital.
The Tide gathered that the training programme was an intensive three-month Advanced NC-HCD Programme for the US$5 billion NLNG Train 7 Project on Bonny Island, Rivers State.
The trainees, The Tide further learnt are graduates in different academic disciplines who have completed a 12-month Basic Training Programme in diverse oil-and-gas-industry-related skill sets and are now set for an on-the-job phase which includes active hands-on participation in operational areas such as Turn Around Maintenance (TAM), Commissioning, and Desktop Programmes.
The Corporate Communications Directorate of the NCDMB told The Tide that in November 2024, a set of 331 trainees under Batch A of the NLNG T7 HCD Training Programme began capacity development in facility management, engineering, Information and Communication Technology (ICT), Health Safety and Environment (HSE), Quality Assurance and Quality Control, as well as welding and fabrication.
According to the Board, additional 77 trainees under Batch B of the same Training Programme began capacity development in data analytics and supply chain management among several other fields relevant to the operations of the oil and gas industry.
While addressing the trainees and trainers who were drawn from the Oil and Gas Trainers Association of Nigeria (OGTAN), Management Personnel of the NCDMB and NLNG, the Executive Secretary of NCDMB, Engr Felix Omatsola Ogbe, said the Advanced NC-HCD training is more than a milestone.
“The NC-HCD training programme is an expression of the collective commitment of the Board and the NLNG to nurturing world-class Nigerian professionals who will shape the future of our oil and gas industry.
“The Board has remained steadfast in its conviction that Human Capital Development is a critical investment in the sustainability and competitiveness of Nigeria’s oil and gas value chain”, the NCDMB boss said.
Business
Ageing Aviation Workforce: Minister Urges Youth Grooming For Replacement
He said the situation has resulted in widened knowledge gaps and operational challenges.
As a globally regulated sector, he said it was important that stakeholders put measures in place to attract the talents required to move the industry forward.
Keyamo, therefore, called on stakeholders in the industry to be deliberate in identifying, encouraging, nurturing and harvesting young talents to ensure a sustainable supply of manpower to the aviation sector.
Director of Public Affairs and Consumer Protection of the FAAN, Mrs Obiageli Orah, in a release made available to aviation correspondents, noted that the Minister deemed it necessary to attract the right quality of human resources required to move the sector forward.
“As a globally regulated sector, it is important that stakeholders put measures in place to continually attract the right quality and quantity of human resources required to move the industry forward.
“It is important to note that organising training programmes are avenues through which we can breed, nurture, and harvest such human resources.
“One of the critical challenges facing the industry is the ageing and retiring workforce, leading to widened knowledge gaps and operational issues.
“Training programmes, I believe, is among other things designed to make aviation appealing to the younger generation, while encouraging them to develop interest in taking up a career in the industry”, the statement stated.
Meanwhile, some aviation stakeholders have expressed concerns of countless young Nigerians who seek to make their mark in aviation, tourism, and the wider transport ecosystem but often face steep barriers to entry.
According to them, lack of access, limited mentorship, financial constraints, skill mismatches, and systemic gaps, among others, have posed some constraints to them.
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