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FG to establish national youth development bank

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Vice-President Kashim Shettima

FG to establish national youth development bank

Vice President Kashim Shettima says the Federal Government is working to establish a national youth development bank and a youth data bank.

He said this at the 60th anniversary celebration of the National Youth Council of Nigeria (NYCN) in Port Harcourt.

Shettima, represented by his Technical Adviser on Women and Youth Engagement, Hauwa Liman, said that the youth development and data bank would ensure that young Nigerians had the resources, information and access they needed to succeed.

He said that the celebration was a moment to reflect on the opportunities before the youths and affirm a commitment to a Nigeria where the youths are not merely bystanders in the journey but participants in shared future.

“This celebration is a privilege and more importantly a responsibility to harness the energy, creativity and talents of the youths to build a prosperous and inclusive nation,” he said.

Shettima said that President Bola Tinubu had assembled some of the finest young people in the country to form the back bone of his government based on his conviction that the future cannot be planned without the young ones at the decision making table.

He said that youth inclusion by Tinubu’s administration was not just a policy but a cornerstone of the administration’s vision for Nigeria.

“Many of the ministers are youths, and for the first time in our political history, the leader of the ruling-All Progressive Congress is fully a representative of the young generation.

“The present administration had prioritised initiatives that empower young Nigerians to excel in education, entrepreneurship and creative and digital industries,” he said.

Shettima stated that the administration had laid transformative programmes, like the Presidential Initiative for Youth Enterprise Clusters backed by N110 billion to support young entrepreneurs across agriculture, technology and industry.

“The youths investment funds continue to provide critical finance support for startups and small businesses, ensuring that young Nigerians can coin their ideas into driving ventures.

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“Education remains a critical area of focus, we recognise that no society can progress without equipment needed, skills and knowledge needed to thrive in a competitive world.

“The student loan scheme and the Nigeria education loan fund are breaking down financial barriers for higher education, ensuring that every Nigerian student has the opportunity to pursue their dreams,” he said.

He urged the youths to use the vast opportunity before them to transform the world, dominate digital economy, creative industry and enterpreneur space.

In a speech, Gov.Siminalayi Fubara of Rivers, said his administration is investing in programmes, projects and policies that intend to showcase the raw talents of Rivers youths and empower them meaningfully.

Fubara, represented by his Chief of Staff, Edison Ehie, said that the State Government investment in education, across tertiary institutions on scholarship scheme for deserving youths who are hard working, was currently ongoing.

“The State Government is also investing in skill acquisition programmes across the 23 Locals Government Areas, including meaningful projects that the Rivers people are benefitting directly from.

Fubara said that the crime rate in the state had dropped drastically due to the State Government’s plans and programmes for the youths.

He also said that the reduction in crime in the state had attracted more investors to partner with the government to further engage the youths.

He advised the NYCN to continually and peacefully engage government at all levels, multinational institutions and National Assembly to propose youth-friendly legislation that would benefit Nigerian youths.

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The governor also advised the youths to desist from crime and criminality, and tap into the skill acquisition opportunities across the country.

He assured them that the State Government would continue to support programmes and policies that would empower Rivers and Nigerian youths at large.

The President of the council, Mr Sara-Igbe Sukubo, appealed to the Federal Government and the National Assembly to make policies and legislations that would accelerate the country’s economic growth.

According to Sukubo, the theme of this year’s celebration, tagged “Sustaining a Legacy of Leadership and Service”, is in sync with the 60th anniversary theme, “reflecting on the past, maximising the present to shape the future.

“As we confront the complexities of a globalised world, our young people must be equipped to lead Nigeria into a future defined by innovation, inclusivity, and progress,” he said.

He further said that access to quality education and healthcare remained elusive to many, while insecurity and systemic barriers threatened the potential of countless young Nigerians.

Sukubo advocated for the expansion of entrepreneurship and skill training programmes to equip the youths for the evolving job market.

He also appealed for youth-focused legislations and policies at all levels of government.

He charged stakeholders, government agencies, private organisations, civil society groups, and international partners to deepen their collaboration with the council.

He also urged the youths to continue to pray for the leaders of the country that God should give them the wisdom to lead the country in peace and unity.

“Together, we can create sustainable solutions that uplift every young Nigerian and position Nigeria as a global leader in youth-driven innovations,” Sukubo said.

FG to establish national youth development bank

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Electricity: We installed 184,507 meters, issued 50 licences in Q3, says FG

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Electricity: We installed 184,507 meters, issued 50 licences in Q3, says FG

The Federal Government has recorded significant progress in Nigeria’s electricity sector with the installation of 184,507 new meters and the issuance of 50 licences, permits, and certifications during the third quarter of 2024 (Q3).

The Nigerian Electricity Regulatory Commission (NERC) revealed in its Q3 2024 report released on Friday that 184,507 meters were installed, marking a remarkable 256.01% increase compared to the 51,826 meters installed in Q2 2024.

The increased metering pushed the net end-user metering rate in the Nigerian Electricity Supply Industry (NESI) to 46.15%, up from 45.43% in Q2, a rise of 0.72 percentage points.

The installations were largely carried out under the Meter Asset Provider (MAP) framework, which accounted for 178,715 meters or 96.86% of the total. The Vendor Financed framework contributed 3,508 meters, while the DisCo Financed framework added 2,298 meters.

This development signifies a concerted effort to address challenges like estimated billing and promote consumer satisfaction across the electricity distribution value chain.

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Power sector development: 50 licences issued 

To complement the surge in meter installations, NERC issued 50 licences, permits, and certifications aimed at strengthening Nigeria’s power sector infrastructure. These include:

  • Six (6) new off-grid generation licences with a combined capacity of 30.06 MW.
  • One (1) renewal of an on-grid generation licence with a gross capacity of 39 MW.
  • Two (2) new electricity trading licences.
  • Eleven (11) captive generation permits with a total gross capacity of 63.36 MW.
  • One (1) registration certificate for a mini-grid.
  • Seven (7) certifications for Meter Service Providers.
  • Twenty-two (22) permits for Meter Asset Providers.

These licences are expected to encourage investments, improve power supply, and expand access to renewable and off-grid energy solutions, especially in rural areas.

Key Implications for the Power Sector

The surge in meter installations and issuance of licences marks a pivotal moment in Nigeria’s electricity sector. By prioritizing metering through initiatives like MAP, the government is tackling the pervasive problem of estimated billing, which has long plagued electricity consumers.

Furthermore, the rise in off-grid and mini-grid licences underscores a growing shift towards renewable energy and decentralized power solutions, vital for enhancing energy access in underserved regions.

A Promising Outlook: These advancements highlight the Federal Government’s commitment to reforming Nigeria’s power sector and creating an enabling environment for both consumers and investors.

With metering and licensing activities gaining momentum, stakeholders anticipate further progress in Q4 2024, laying the foundation for a more reliable, sustainable, and inclusive energy sector.

 

Electricity: We installed 184,507 meters, issued 50 licences in Q3, says FG

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Ibadan stampede: Ooni reacts after arrest of ex-wife

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Ooni of Ife, Oba Adeyeye Ogunwusi his ex-wife, Naomi Ogunseyi

Ibadan stampede: Ooni reacts after arrest of ex-wife

The Ooni of Ife, Oba Adeyeye Ogunwusi, has encouraged his ex-wife, Naomi Ogunseyi, and radio owner, Oriyomi Hamzat, not to be discouraged following the tragic stampede at a Yuletide ceremony for children in Ibadan, Oyo State, which claimed 32 lives.

The monarch also pledged support for the families of the victims and called for immediate measures to prevent such incidents in the future.

His comments followed the arrest of his ex-wife by the police and were made in a statement issued by the Director of Media and Public Affairs at the Ooni’s Palace, Moses Olafare.

In his statement, the Ooni expressed his deep sorrow, saying, “We extend our heartfelt sympathy to the government of Oyo State, the organisers—Agidigbo Radio, owned by Oriyomi Hamzat, and former queen at the Ooni’s Palace, Ms Naomi Silekunola Ogunseyi, as well as the bereaved families of the young souls lost in the tragic incident in Ibadan yesterday.”

He also expressed solidarity with the Oyo State government and commended the governor for his swift response.

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“This tragedy underscores the urgent need for collaborative efforts to ensure the safety and well-being of our children across Nigeria. The House of Oduduwa pledges to support all efforts aimed at bringing solace and healing to those affected by this devastating loss,” he added.

The Ooni called for immediate action to improve safety measures, stressing the importance of adherence to safety standards and child welfare policies in educational institutions. He advised Naomi Ogunseyi, Oriyomi Hamzat, and other co-organisers not to be discouraged by the unfortunate outcome of the event, which was originally intended to bring joy to children during the festive season.

He concluded, “Rather than being discouraged, they should remain committed to organising such laudable programmes for children, but with better planning and strategies in the future. The lesson must be learned.”

Ibadan stampede: Ooni reacts after arrest of ex-wife

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Farotimi: Advocacy group wants UK college to break ties with Afe Babalola

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Dele Farotimi and Aare Afe Babalola

Farotimi: Advocacy group wants UK college to break ties with Afe Babalola

A growing wave of international pressure is urging King’s College London to sever its ties with prominent Nigerian lawyer and philanthropist Afe Babalola following the controversial arrest of rights lawyer Dele Farotimi.

Babalola, who is a major donor to the prestigious UK institution, has been accused of using his influence to have Farotimi arrested for alleged defamation.

In a petition dated December 17, 2024, the advocacy group Mothers United and Mobilised (MUM), representing a collective of Nigerian women and mothers, called on King’s College London to distance itself from Babalola and his actions.

The petition, signed by MUM convener Boluwaji Onabolu, urged the institution to release a statement condemning the alleged suppression of dissent and to return the €10 million donation made by Babalola in 2023.

Farotimi was detained by police officers from Ekiti State, Babalola’s home state, following critical remarks about the 95-year-old lawyer in his book.

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The book criticized Babalola for allegedly winning cases with financial leverage rather than legal skill, a claim that reportedly triggered the arrest.

Farotimi was detained for more than two weeks, despite being granted bail under stringent and punitive conditions.

The group contends that the situation in Ekiti, where Babalola holds considerable influence, presents little hope for a fair trial for Farotimi.

“The defamation charge, a civil matter, should have been addressed through legal proceedings in Lagos, but instead, it was escalated to an arrest orchestrated by Chief Babalola using his home state’s police,” the petition read.

The group stressed that King’s College London, a globally recognized institution, should not be associated with actions that undermine freedom of speech and legal fairness.

The group urged the UK institution to publicly support Farotimi’s right to a fair trial and demand his release from detention.

“King’s College London must stand on the right side of history. We urge the institution to break its silence and align itself with the fight for justice, human rights, and the protection of free expression, which are fundamental to the values it represents,” the group said.

 

Farotimi: Advocacy group wants UK college to break ties with Afe Babalola

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