Business
Employ Indigenes Of Host Community, Setraco Told
The Company handling the dualisation of Omerelu/Elele road in Ikwerre local government area of the state Setraco Nigeria Limited has been urged to employ indigenes of its host community (Omerelu), in order to promote good company/community relationship.
A youth representative, Youth, Comrade Nnamdi Agbobi, who spoke with The Tide during the week, said the best homage that the company would pay to the community was to employ good number of the community’s sons and daughters especially the graduates.
Comrade Agbobi, noted that unemployment was part of the problems facing the country, saying that companies should assist the Federal Government to reduce the menace of unemployment.
He also called on the company to ensure that it fulfilled all its obligations to host community, by sinking bore holes, provision of good road network and other social amenities.
However, the Omerelu youth spokesman, has charged the Government/ Community Liaison officer (GCLO), Mr. Hillary Otugbula to use his position to fight for the community adding that “Charity begins at home”.
Earlier, he has called on Omerelu Yyuths to work closely with Mr. Otugbula in their quest to secure employment in the company.
Also speaking, Comrades Confidence A. Igwe and Amadi Bobby Ndubuisi, have frown at the alleged mass sack that greeted Omerelus working at Setraco, adding that it was against Mr. President’s Vision 20 – 20-20.
The duo, pointed out that the company should live up to their expectation by recalling the sacked indigenous workers.
Relatively, they have lauded the Commissioner for Lands and Survey, Hon. Ezemonye Ezekiel-Amadi over his efforts to empower youths and women in Omerelu, assuring him of their unalloyed support when necessary.
When the Setraco GCLO was contacted on phone, he said that the mass sack was a fallacy, adding that the company has strong plans to carry everyone along in its scheme of things.
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.