Business

Jonathan Lauds Engineers’ Role In National Dev

Published

14 years ago

September 7, 2012

President Goodluck Jonathan has commended engineers in the country for their contributions to national development.

He urged them to continue to play pivotal role in the development of infrastructure in the country.

The president made the remarks in Abuja at the opening ceremony of the 21st Engineering Assembly organised by the Council for the Regulation of Engineering in Nigeria (COREN).

The president was represented at the ceremony by the Minister of Works, Mr Mike Onolememen

He said that the forum with the theme ‘Engineering Capacity, Integrity and National Transformation’ was ideal, as it would provide participants opportunity to discuss issues affecting Nigeria’s development.

“This has become the ideal forum for the promotion and enhancement of professionalism in the engineering practice.

“We have reached the point in our national life when we must reflect and review what is and what ought to be in the interest of our people.

“This discussion with COREN, which focuses on capacity building and integrity in the engineering profession, is a commendable initiative.”

He urged COREN to step up its standard for quality assurance as it carries out accreditation of courses in institutions of higher learning.

“Capacity building in the profession begins with the institutions and the accreditation of engineering programmes has continued to promote standards in the faculties of engineering discipline,’’ Jonathan said.

He also called for the application of appropriate sanctions on institutions that fail to comply with the requirements for professional accreditation.

Jonathan assured the council of governments’ support in funding the institutions to upgrade their facilities, adding that engineering programmes must lead the way in capacity building.

He bemoaned the unpleasant stories of quacks and mediocre elements infiltrating the profession, saying it “ought to be a thing of the past’’.

“This is a serious challenge to us all; the cost of construction in Nigeria is believed to be the highest in sub-Saharan Africa and this is caused by unqualified individuals posing as professionals.

“Nigeria must get value-for-money in engineering projects.’’

The president pledged governments support in bringing down the cost of construction.

“To achieve the objective of capacity building, government has approved a reform of the road sector. We believe that the establishment of the Content Development Act will also help to build indigenous capacity.”

In his speech, Benue State Governor Gabriel Suswan harped on integrity in the engineering profession.

Suswan decried the ugly recurrence of collapse of structures and the influx of foreign companies in the country, saying “the problem may be as a result of inadequate capacity’’.

He called on professionals in the construction industry to ensure that integrity and hard work were embraced by indigenous contractors.

“The problems we have with the indigenous contractors include lack of determination and zeal for work, insincerity and unwillingness to do a good project.

“We are therefore left with failed projects and the dominance of foreign firms,” Suswan noted.

On his part, the Minister of Federal Capital Territory, Sen. Bala Mohammad commended the engineers for the development of infrastructure in the territory.

He promised that the FCT administration would create a stronger synergy with the council in ensuring that projects were properly handled to specifications.

In his remarks President of COREN, Mr Ibukunle Ogunbayo, pledged the councils’ support to ensure that standards are met through the continuous monitoring of projects.

Ogunbayo said that the council was working out strategies to revive technical colleges across the country to help in producing better artisans with skills.

The 2-day engineering assembly had over 2000 members and dignitaries in attendance.

Business

Boat Mishap Kills Pastor, Wife And Church Members In Brass Water

Published

3 hours ago

May 18, 2026

The Tide

A boat accident in Bayelsa state has killed a serving Pastor, Wife and other church members along Brass waterways

The sad incident happened at Odioama in Brass local government area of Bayelsa State when the Pastor, wife and members of his church were in a programme.

?Tide confirmed that the lifeless body of the Pastor’s wife has been found and deposited in a mortuary while the remains of her husband ,the Pastor is yet to be recovered

as search party are still ongoing.

Although the real cause of the boat Mishap is not yet known as at the time of this report, our Correspondent gathered that the identities of the Pastor, wife and church members were not disclosed to the public.

The mishap, Tide gathered occurred on Friday morning when the church members were on a boat transit

The Bayelsa State government and the state police command are yet to issue official statement’s on the sad accident

By: CHINEDU WOSU

Business

Rivers Workers Seek Scrapping Of Contributory Pension Scheme

Published

3 hours ago

May 18, 2026

The Tide

The Rivers State Council of Nigeria Civil Service Union has called on the State Government to urgently scrap the contributory pension scheme, describing it as unfavourable to long-serving civil servants in the state.

Chairman of the union, Chukwuka Osuma, said this in an interview with newsmen in Port Harcourt, recently.

Osuma said the current pension structure has continued to worsen post-retirement hardship for workers.

He noted that the contributory pension scheme had failed to provide adequate retirement security for workers who had spent many years in service, especially those approaching retirement age.

According to him, civil servants who had served for more than 20 years were among the worst affected under the scheme, insisting that many retirees could no longer cope with prevailing economic realities.

He also informed that the Union has made moves to showcase their concerns, pleading with Governor Siminalayi Fubara to abolish the pension policy and introduce a more favourable arrangement for affected workers.

“The union was not opposed to pension reforms, the contributory scheme should only apply to newly employed workers or those with fewer years in service”, he said.

Osuma explained that workers who had already spent decades in the civil service ought to remain under a more secure pension structure capable of guaranteeing stability after retirement.

The labour leader further noted that inflation and the rising cost of living had continued to erode the value of retirement savings, thereby increasing the suffering of pensioners across the country.

He also appealed to the state government to consider extending the years of service in the civil service from 35 to 40 years and the retirement age from 60 to 65 years.

Osuma argued that such adjustment had become necessary in view of present-day economic realities and changing conditions in the workplace.

The unionist also reviewed that similar policies had already been adopted in some sectors and jurisdictions, expressing optimism that the State could also implement the reforms for the benefit of workers.

He however, commended Governor Fubara for approving an N85,000 minimum wage for workers in the state, noting that the amount was above the national benchmark of N70,000.

Osuma also acknowledged the government’s efforts in the area of workers’ promotions and bonuses, but insisted that pension reforms and extension of years of service remained critical to the long-term welfare and stability of civil servants in Rivers State.

By: King Onunwor

Business

FG Begins South-West Tour To Promote New Cooperative Bank

Published

5 days ago

May 13, 2026

The Tide

The Federal Government has launched the South-West zonal engagement and ministerial advocacy tour on the Cooperative Bank of Nigeria share capital mobilisation, sensitisation and cooperative sector digitalisation.

Reports say the initiative was launched through the Federal Ministry of Agriculture and Food Security.

According to reports, the advocacy tour, organised by the ministry’s Federal Department of Cooperatives, began on Monday in Lagos.

Speaking at the event, the Minister of State for Agriculture and Food Security and Supervising Minister of Cooperative Affairs, Dr Aliyu Abdullahi, said the initiative was part of President Bola Ahmed Tinubu’s Renewed Hope Agenda.

Abdullahi described the exercise as a strategic effort to reposition the cooperative sector as a key driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity.

“Today represents a defining moment in our collective determination to reposition the cooperative sector as a major driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity,” he said.

The minister noted the modern cooperative movement in Nigeria originated in the South-West following the 1934 Strickland Report, which led to the enactment of the Cooperative Societies Ordinance of 1935.

According to him, the decision to commence the sensitisation and share capital mobilisation tour in the region is symbolic, as it marks a return to the roots of cooperative development in the country.

Abdullahi said the advocacy tour was a direct outcome of resolutions reached at the 8th Regular Meeting of the National Council on Cooperative Affairs held in Abuja in March 2026.

He said the council approved the Renewed Hope Cooperative Reform and Revamp Programme, a comprehensive framework designed to strengthen the cooperative sector and align it with the administration’s goal of building a one-trillion-dollar economy.

“The reform programme focuses on seven strategic pillars, including governance reforms, cooperative financing and the establishment of the Cooperative Bank of Nigeria, digitalisation, capacity building, value chain development, inclusion of youths, women and persons with disabilities, and strategic partnerships,” he said.

He said the establishment of the Cooperative Bank of Nigeria and the digitalisation of the cooperative sector were the two major transformational initiatives under the programme.

“The Cooperative Bank of Nigeria is aimed at rebuilding a strong cooperative financial system capable of supporting cooperators, farmers, artisans, traders, SMEs, youths, women and persons with disabilities with accessible and affordable financial services,” he said.

Abdullahi emphasised that the proposed bank would be government-enabled but not government-funded.

“Government is not establishing the bank as an owner, nor will it rely on Treasury Single Account funds.

“The role of government through the FMAFS is to provide policy support, stakeholder coordination, regulatory facilitation and an enabling environment under the Renewed Hope Cooperative Reform and Revamp Programme,” he said.

Also speaking, the Lagos State Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs Folashade Ambrose-Medebem, reaffirmed the state government’s commitment to cooperative sector transformation.

She described cooperatives as critical tools for promoting inclusive growth, grassroots productivity, food security, financial inclusion and community wealth creation.

Ambrose-Medebem said Lagos State would continue to support reforms and collaborate with stakeholders to ensure the successful implementation of the Renewed Hope Cooperative Reform and Revamp Programme (2025–2030).

“Together, let us build a cooperative ecosystem that is modern, transparent, digitally enabled, financially inclusive and globally competitive.

“Let us build cooperatives that not only mobilise savings, but also mobilise prosperity,” she said.