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FG now to commence 774, 000 jobs January 5

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The Federal Government has said the 774, 000 Special Public Work (SPW) jobs will now commence on January 5.

Minister of State for Labour and Employment, Festus Keyamo, stated this on Sunday in Abuja.

The programme, designed for artisans to do public work for three months for N20,000 per month, had suffered a setback due to conflict between the minister and a former Director-General of the  National Directorate of Employment, Nasir Ladan, who was sacked last week by President Muhammadu Buhari.

The minister said the programme ran into some hiccups, hence the delay in the commencement.

The sacked Ladan reportedly worked with the National Assembly to undermine Keyamo who is the supervising minister.

Twice, the Federal Government had announced a new date to start the programme designed to employ 774, 000 Nigerians in the 774 local government areas but had to be suspended, despite the release of N26 billion as stated by Ladan and procurement of equipment.

Keyamo said an official announcement would be made on Wednesday after the end of the Federal Executive Council (FEC) meeting.

The minister said he expected the programme to go on smoothly with the exit of Ladan.

He said, “We have taken a firm decision to begin on January 5, 2021 but I am going to make an official announcement after FEC on Wednesday. We had a few hiccups in December but we have taken a decision to begin January 5 which is a Tuesday.

“The programme will run from January to March 2021 which is pure dry season. So, we are ready. All the obstacles have been removed.”

Business

Pay customers with N100, N50, CBN orders commercial banks

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The Central Bank Of Nigeria has directed all commercial banks to pay customers over the counter in N100, N50, N20, N10, and N5 notes, regardless of the amount withdrawn.

Bankers Committee issued the directives to all commercial banks in the country on Monday, and announced the discontinuation of old notes payment of N1000, N500 and N200 across the counters.

It also urged people to use their alternative channels for transactions, while those insisting on new naira notes were advised to use Automated Teller Machine (ATMs).

The directives came on Monday, following a meeting of the bankers committee in Lagos.

The CBN Governor, Godwin Emefiele, in a statement on Sunday extended the deadline for old naira notes from January 31 to February 10, 2023.

Emefiele also noted that he obtained permission from President Muhmammadu Buhari to effect the extension.

According to him, the extension, ‘a seven-day grace period’ was as a result of measures put in place to ease the scarcity.

The decision is coming after CBN had previously insisted that it would not extend the deadline.

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Famous 4×4 Grenadier coming to Nigeria, courtesy Coscharis Motors

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Coscharis Motors has announced its readiness to introduce the popular rugged off-road vehicle, Grenadier, to the Nigerian auto market.

This follows the naming of the auto company by INEOS Automotive as its official retail partner in Nigeria.

Nigeria is the sixth market in Sub-Sahara Africa to join the brand after South Africa, Kenya, Tanzania, Namibia and Botswana.

A statement on Monday by Abiona Babarinde, the auto firm’s General Manager, Marketing and Corporate Communications, said, “The first Grenadier demonstrator vehicles are expected to arrive in Nigeria in early 2023 with customer deliveries expected to commence within the first quarter.

“All after-sales servicing will be conducted at a dedicated workshop also located in Lagos.”

Commenting on this partnership, the President/CEO of Coscharis Group, Dr Cosmas Maduka, said, “We are proud that INEOS Automotive has appointed Coscharis Motors to represent its brand in Nigeria. “This milestone marks another step in the evolution of our company. With our history and experience of the Nigerian market, we know that the INEOS Grenadier is going to be a serious player in the off-road segment.

“We have no doubt that the Grenadier has what it takes to handle Africa’s tough terrain and that it is the perfect option to meet the specific demands of those who need a capable, refined, and reliable off-road vehicle in the region. We look forward to the first customer test drives and hearing public feedback, because this vehicle is definitely going to stir things up in Nigeria.”

The statement quoted Tim Abbott, INEOS Automotive’s Head of Region South Africa and Sub-Sahara Africa, as saying, “We are carefully selecting our partners across the SSA region, to find people who know their local market and customers, and also understand our brand.

“Coscharis Motors shares our belief that the INEOS Grenadier is the perfect vehicle not only for Nigeria, but for the continent. Our shared passion for off-roading, along with their excellent reputation in the automotive industry, makes it the perfect partnership for Grenadier in Nigeria.”

Coscharis says the Grenadier has been developed to be refined on the road and extraordinarily capable off-road.

“The Grenadier is powered by a choice of two straight-six, 3.0-litre BMW engines. Both the BMW B57 diesel and B58 petrol powertrains have a proven track record, regularly appearing in top ten world’s best engine lists since 2016. They have been used in everything from sports cars to SUVs.

“The two power units bring BMW’s sophistication and refinement to the Grenadier, but they have been enhanced by INEOS Automotive’s engineering team. As well as providing powerful acceleration on tarmac, they also deliver peak torque at low revs – sustaining it through the rev range – for optimal off-road performance,” it states.

It also notes that the carefully calibrated characteristics help the driver to confidently manage the vehicle’s momentum and grip without stressing the engine, ensuring full control when tackling tricky terrain.

It adds, “The refined turbo petrol engine produces 286PS (210kW) and 450Nm (332 lb ft) of torque, while the twin-turbo diesel generates 249PS (183kW) and 550Nm (406 lb ft), for even greater pulling power. Start/stop is built-in, increasing range and preserving air quality when the vehicle is stationary.

“While it is every inch a rugged 4X4, it ticks all the right boxes on the road, too. The chassis combines a five-link suspension setup with Brembo brakes and Bridgestone tyres, meaning the Grenadier is composed, well- mannered and fun to drive no matter what the terrain.”

The firm also reveals that by the end of this year, INEOS Automotive plans to have a network of more than 200 sales and service sites for the Grenadier spanning over 50 countries, including established dealer groups, 4X4 specialists and agricultural equipment dealers.

 

 

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UBA names Abiola Bawuah as first female CEO

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The United Bank for Africa Plc on Monday announced the appointment of Abiola Bawuah as its Chief Executive Officer (CEO).

It said Bawuah would also join the group board as an executive director, overseeing the vroup’s operations across the African continent, outside Nigeria.

A statement by the bank disclosed this, adding that Bawuah, a Ghanaian national, is the first female CEO of UBA Africa.

It stated, “Her appointment further demonstrates UBA’s commitment to diversity. The UBA Group Board now includes eight female Directors.

“Prior to her appointment, Mrs Bawuah was Regional CEO, West Africa, supervising the Group’s operations in nine subsidiaries, including Benin, Burkina Faso, Cote d’Ivoire, Ghana, Guinea, Liberia, Mali, Senegal, and Sierra Leone. She previously held the role of CEO, UBA Ghana.”

Speaking on the new appointment, the Group Board Chairman, Tony Elumelu, said, “Abiola has contributed significantly to the growth of UBA Africa for close to a decade. She brings a wealth of experience in commercial banking and stakeholder engagement. It also gives me great pleasure that with her appointment, the UBA Group Board has now become a majority female board.”

The UBA Group also announced Chris Ofikulu as the Regional CEO, UBA West Africa.

Ofikulu has over two decades of banking experience spanning corporate, commercial, and retail banking.

UBA operates in 19 African countries beyond Nigeria, in addition to global operations in New York, London, Paris and the UAE, according to the statement.

 

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