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OSSAP-TVEE, Ministry of Labour Signs MoU on Skill Development

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The Office of the Special Assistant to the President on Technical, Vocational and Entrepreneurship Education (OSSAPTVEE) Friday signed a Memorandum of Understanding (MoU) with the Ministry of Labour and Employment on the development of skills among youths in the country.

The ceremony, which took place at the office of the Minister of Labour and Employment, Hon. Nkeiruka Chidubem Onyejeocha, was witnessed by the Permanent Secretary in the Ministry, Mr. Ismaila Abubakar, directors of the Ministry as well as the OSSAP-TVEE Team.

In her brief remarks before the signing ceremony, the Senior Special Assistant to the President on Technical, Vocational and Entrepreneurship Education, Madam AbiolaArogundade, expressed delight at the signing of the agreement describing it as a milestone in the collaborative development and upscaling of skills in Nigeria.

Madam Arogundade, who noted that the percentage of the high-skilled labour in the country currently is at the abysmal low of 15 percent, added that her office is currently engaged in  conducting  a skills mapping survey across the 36 states of the Federation to identify relevant skills required in the Job Market,  

She also pointed out that her office is in collaboration with the TETFUND and the National Bureau on Technical Education (NBTE) both to ensure adequate funding support for its programmes and the Certification of Vocational Skills beneficiaries for proper job placement, among other programmes currently being executed by the office.


Article 3 of the MoU,
requires the two bodies to collaborate to achieve an effective and efficient implementation of the President’s 8 point Agenda with respect to Job Creation by creating a descent and sustainable jobs per year to Nigerians, particularly the Youths and to work together to achieve the goals of Labour Employment and Empowerment Programme (LEEP).

This, according to the Article, include the creation of 2.5 million jobs annually especially in the area of vocational and entrepreneurship skills, collaborate among themselves on planning, execution and evaluation of LEEP by ensuring the effective utilization of the resources and expertise and to coordinate regular meetings and progress reports that will be scheduled to assess the achievements and challenges of the programme.

While Article 5 of the MoU also confers on the OSSAP-TVEE the responsibility of  conducting  a skills mapping survey to identify relevant skills required in the Job Market, the Offices agrees to develop a comprehensive curriculum aligned with the identified skills and to oversee the certification process as contained in Article 4  subsection 2 of the MoU.

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Wema Bank Launches #MyTeacherMyHero Challenge to Celebrate Exceptional Educators in Nigeria

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As the world celebrates the invaluable contributions of teachers on World Teachers’ Day, Wema Bank proudly joins this global recognition by launching the #MyTeacherMyHero Challenge to honor and reward exceptional educators in Nigeria. This initiative aligns with the bank’s commitment to the theme, “Valuing Teacher Voices: Towards a New Social Contract for Education.”

Abimbola Agbejule, Head of Corporate Sustainability and Responsibility, shares her thoughts on this initiative: “At Wema Bank, our dedication to education extends far beyond providing financial services. It’s about celebrating the educators who light the path of knowledge for our future leaders.” She added, “Through the #MyTeacherMyHero Challenge, we aim to honor these remarkable teachers while reinforcing our commitment to corporate sustainability. We believe that investing in education is essential for fostering a sustainable future for our communities.”

Wema Bank has consistently demonstrated a steadfast commitment to fostering educational engagement, making a positive impact on society, and promoting personal development through education. This year, the bank is determined to make World Teachers’ Day unforgettable by celebrating the educators who have made a lasting impact on their students’ lives.

The #MyTeacherMyHero Challenge encourages students, alumni, and parents to nominate the teachers who have left an indelible mark on their lives. These teachers deserve to be recognized and celebrated for their outstanding contributions to education and personal development.
Participation is Simple:
1. Follow @WemaBank on Instagram, Twitter, and Facebook.
2. Upload a 1-minute video sharing the story of your most cherished teacher. Explain why they are special and how they have positively impacted your life.
3. Tag @WemaBank and use the hashtag #MyTeacherMyHeroByWema.
The call for entries opened on Monday, 7th October, and closes on Friday, 18th October 2024. The Top 3 teacher nominations will be announced and unveiled on October 25th, 2024, creating excitement and marking a significant moment in the teaching profession.

This initiative reflects Wema Bank’s dedication to education, personal growth, and the individuals who inspire and mold our nation’s future. We invite everyone to participate in.

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ITF disassociates self from fraudulent training scheme

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The Director General of the Industrial Training Funds ITF Dr Afiz Oluwatoyin Ogun has disassociated his agency from a fake advertisement circulating on the Internet of a fraudulent program titled “Boys Industrial Training Initiative 2024 Undergraduate Technical Internship.”

Despite the website’s professional appearance and use of the ITF logo and Name, authorities confirm that no legitimate internship or scholarship program exists under this initiative. The organisation behind the posting is falsely promoting opportunities that do not exist. While the site provides detailed information including deadlines, Application procedures, and the Use of The ITF logo and Name, it is entirely fabricated and Misleading with no association to the Industrial training fund or any recognised company or Educational institution.

Note that the industrial training fund runs programs and services that include research and Development, Direct Training, Curriculum design and development, student industrial work experience schemes (Siwes), Technical and vocational Skills Development, ICT training and Service, MSME development and Support Services, and bespoke and special intervention programs.

The industrial training fund is currently engaged in training Nigerians, to register, upskill, license, and empower 10 million Nigerian Artisans with skills and certification in 20 different trades under the Skill Up Artisan (Supa) program, which will enable them to work both locally and internationally.

The people behind the fake advertisement are inviting unsuspecting individuals to apply for a Non Existing program,

The industrial training fund hereby dissociates itself from such online advertorials. Members of the public and individuals are urged to avoid applying for this program as there are no real opportunities or benefits offered, it is important to verify the legitimacy of any internship or scholarship before submitting personal information to avoid falling victim to fraudulent schemes.

Please kindly
channel all enquiries regarding activities of the ITF to the industrial training fund official Website https://www.itf.gov.ng/ for any update or clarification, or call 08097772103, 08097772104, 08097772105,
08097772106.

 

Anyone who deals with these touts does so at his or her own risk.

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Access Corporation, MTN Nigeria drive equity market to N607bn gain

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The Nigerian equity market gained N607bn in market capitalisation in the past week, on the back of buying interest in large-cap stocks like Access Corporation and MTN Nigeria. The All-Share Index appreciated by 1.06 per cent to close at 97,456.62, while the market capitalisation rose by 1.10 per cent to N56tn.

All other indices closed higher, except for the Growth Index, which saw a depreciation of 0.03 per cent, while the Alternative Securities Market Index remained flat. The upward trend was driven by investor interest in major stocks, such as Access Corporation, which gained 2.39 per cent, and MTN Nigeria, which rose by 7.37 per
cent.
Across various sectors, the performance was bullish, with gains recorded in consumer goods (1.47 per cent), insurance (1.59), industrial (0.17 per cent), banking (5.12 per cent), and oil & gas (two per cent). In terms of activity, the financial services industry led the charts, accounting for 1.71 billion shares valued at N26.99bn traded in 19,277 deals, contributing 66.05 per cent and 52.71 per cent to the total equity turnover volume and value, respectively.
Following closely was the oil and gas industry, which saw 332.83 million shares worth N12bn traded in 9,956 deals.
The services industry ranked third with 146.189m shares valued at N530.544m traded in 3,404 deals.

During the week, 43,535 units valued at N13.476m were traded in 122 deals, up from the 23,881 units valued at N8.240m transacted in the previous week. Overall, 52 equities appreciated, an increase from the 36 equities recorded in the the previous week, as 31 equities saw price declines, compared to 46 in the prior week, while 68 remained unchanged, slightly lower than the 69 recorded earlier. Meanwhile, the Federal Government’s savings bonds were listed on the Nigerian Exchange on September 12.

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