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East West Road: Akpabio Secures N10bn Funding From Sovereign Sukuk Issuance

Published

3 years ago

February 3, 2022

Minister, Niger Delta Affairs Ministry, Senator Godswill Akpabio has secured the sum of N10.4bn for the completion of construction work on the East- West Road, from the 2021 Sovereign Sukuk Issuance.

In his remarks before he was presented with the cheque by the Minister of Finance, Budget and National Planning, Dr. (Mrs) Zainab Shamsuna Ahmed, in Abuja, Akpabio, who spoke through his Permanent Secretary, Dr Ardo Babayo, thanked his Finance counterpart for her support for the Ministry and by extension, the Niger Delta Region.

According to him, “let me acknowledge the support and effort of the Hon Minister of Finance, Budget and National Planning, for the Ministry of Niger Delta Affairs and the people of the region. The Eleme Junction to Onne, a 15-kilometer section of the East- West was abandoned because of lack of funds and that was why we went to Sukuk through the Ministry.

” We also recall that during the 2021 budget presentation, it was agreed that the Ministry of Niger Delta Affairs will contribute the sum of N10bn from its meagre N19bn for capital projects, with the understanding that the Ministry of Finance would add N35bn and Niger Delta Development Commission (NDDC) N35bn, making N80bn for the completion and commissioning of that road by President Muhammadu Buhari this year 2022.”

“Before now, the Niger Delta Ministry had mobilised the RCC for necessary repairs on the collapsed portion of the road, as a stop gap measure, for easy vehicular and human movements. The Eleme Junction had to be redesigned to accommodate the Power Station that was not there when the road was contemplated in 2006,” he stressed.

Speaking further, the Minister said, “we are here today to collect the N10bn of that money from the Ministry of Finance, we are also waiting for the balance of N25bn, while the NDDC would remit its own support when its finance improves”

“Sometimes in October last year, there was a presidential directive that we transfer the road to the Ministry of Works and the Minister, Niger Delta Affairs, has commenced talks with his Works counterpart in that regard. Let me also appreciate the effort of the Debt Management Office (DMO). We hope that the outstanding sum of N65bn would be released in due course,” he stated.

Speaking at the symbolic Cheque presentation ceremony for the 2021 Sovereign Sukuk Issuance, the Finance Minister, said,” today’s event of N250bn disbursement is the 4th in the circles since 2017 that the special funding for reconstruction, rehabilitation of roads and other key infrastructure as directed by President Buhari. I acknowledge the support of the various chambers of the National Assembly to the success of this event of today.”

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Olawande’s 21st Century Skills initiative, A Move Towards Re-fertilization Of Nigerian Youths

Published

22 hours ago

November 6, 2024

The Gleamer

By Joel Ajayi

Transforming the Nigeria youths to equip the current and future generations with 21st century skills is important. The Africa and National Youth Day 2024 is therefore a historic moment to put a need 21st century skills at the forefront toward the the growth and development of all.

Nigeria as a nation has made meaningful progress in education over the past 60 years, with more girls in school and more students in Higher education system than ever before.

Reports showed that School completion rates have increased from 2000 to 2022 at all levels.

Still, these gains are insufficient to prepare Nigerians youth for the 21st century and its fast-changing professional landscape. By 2030, roughly 60 million jobs iin Nigeria and 230 million in Africa will demand digital skills. Classroom practices must shift to meet these future employability needs and nurture creativity, critical thinking and problem-solving.

Nigeria recorded the largest population of young people in the continent of Africa that means a 21st century skills is critical to to equip the current and future generations.

Based on this, Minister of Youth Development, Comrade Ayodele Olawande who has been promoter and advocate of digital skiill even before he became Minister has once again initiate digital literacy programmes, technical skills empowerment and leadership insight and urged young people to actively develop and adopt crucial 21st-century skills to effectively combat the rising issue of unemployment.

When he was Minister Youth for State, he introducing the Youth Development Fund to support young entrepreneurs, implementing the Youth Empowerment Program, training over 10,000 young people in vocational skills, establishing the Youth Mentorship Initiative, pairing young people with experienced professionals, and developing the National Youth Policy, providing a framework for youth development.

He also initiated the “One Youth One Ward” initiative to tackle drug abuse, established the Youth Innovation Hub, hosted the National Youth Conference, rolled out the Youth Volunteer Program, fostered partnerships with private sector organizations amongst others.

He has implement innovative programs, foster strategic partnerships, and demonstrated unwavering commitment to inclusivity and equal opportunities.

Now Minister of Youth without doubt has been at the forefront of this journey, demonstrating unwavering dedication to empowering Nigerians youth even from his school days.

Comrade Ayodele Olawande made this appeal today in Abuja during the Africa and National Youth Day Celebration with the theme : ‘ Educate an African Fit for the 21st Century’ and sub-theme: ‘Building a Resilient Education System: A New Hope for Nigerian Youth’,

He said such skills like critical thinking, digital literacy, and effective communications are essential tools for navigating the increasingly competitive job markets.

Olawande strongly advocated for the youth of Nigeria to prioritize the investment of their time and put efforts in developing a diverse range of essential skills and competencies by actively engaging in the pursuit that can significantly enhance their employability that will make them attractive candidates before their potential employers.

According to the Minister, “acquiring these skills will equip youth to confidently navigate the complexities and demands of an increasingly competitive job market, where adaptability and innovation are crucial. This proactive approach plays a vital role in addressing the rising unemployment crisis that has been affecting many young Nigerians today.”

“Through dedicated skill development, they can not only improve their job prospects but also lay the groundwork for sustainable career growth and success in the long run. In this rapidly evolving economic landscape, embracing continuous learning and professional development is not just beneficial; it is essential for achieving one’s career aspirations,” he explained.

The Minister further explained that the theme, “Educate an African Fit for the 21st Century,” serves as a powerful endorsement of the One Youth Two Skills initiative, adding that it will foster practical skills alongside formal education.

Olawande stated : “This initiative aims to empower youth and create sustainable employment opportunities. Ultimately, the initiative is a key component of the Renewed Hope Agenda, which seeks to eliminate unemployment and promote economic growth across the continent”.

In his paper presentation, Professor Ahmed Adamu, a lecturer at Nile University, Abuja, stated that by next year, 85 million jobs will be lost due to technological advancements, while 97 million new jobs are expected to be created.

Professor Adamu stressed that the future job market will heavily favour those individuals who proactively seek to acquire new skills and adapt to the evolving technological landscape.

Adamu said that for one to go far in whatever they are doing, they must be self-disciplined, duly intelligent and have the consistency in learning.

However, the minister of Youth led the teaming youths on a road walk from the Ministry to BMO Event Centre to Celebrate Africa and National Youth Day.

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