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Unemployment: Expert urges FG to vote more funds to NDE

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A Capital Market Operator, Mr Boniface Okezie,  on Monday urged the  Federal Government to vote more funds to the National Directorate of Employment (NDE) in order to tackle the 27 per cent unemployment rate.

Okezie, who is the President of the Progressive Shareholders Association of Nigeria,  spoke with our correspondent in Lagos on Monday .

“The federal government must invest in the NDE more to address the rising unemployment challenges.

“ The NDE is a department under the Ministry of Labour, which is mandated by law to retrain unemployed youth to skilled manpower.

“ The department has been in existence for over 25 years but not adequately mobilised,” he said.

Okezie said that many young people must begin to foray into entrepreneurship as a means of mitigating the rising unemployment.

He said that the federal government should continue to enhance the business climate, to attract investment into the country.

“Key infrastructure such as reliable energy must be available in order to boost the real sector.

“ Enhancing productivity will create employment opportunities and value additions to the economy,” he said.

According to him, the  federal government  should build new  industries and privatise  them decades later  to create employment opportunities for the teeming youth.

NAN reports that Nigeria’s unemployment rate rose to 27.1 per cent in the second quarter of 2020, the National Bureau of Statistics (NBS) said on Friday.

The report came several quarters after the  bureau released its last report in 2018.

The new rate is an increase from 23.1 per cent unemployed in the third quarter of 2018.

Nigeria’s unemployment rate had increased from 18.8 per cent in the third quarter of 2017 to 23.1 per cent in the third quarter of 2018.

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TCN Acknowledges 7th Grid Collapse in 2024

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The Transmission Company of Nigeria (TCN) has reported its seventh partial grid collapse in 2024. Despite the recurring issue, TCN’s General Manager of Public Affairs, Ndidi Mbah, reassured the public that efforts to restore power are well underway, with about 90% of substations receiving bulk power.

Mbah noted that the Azura Power Station initiated the grid recovery, although a minor setback occurred. However, power supply has been restored to the Abuja region and other key distribution centers. The Ibom Gas Generating Station remained unaffected, continuing to supply power to the South-South region.

An investigation into the cause of the collapse will commence once full grid restoration is achieved.

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Jigawa Tanker Tragedy: Shettima, First Lady Mourn Victims, Pledge Federal Support

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Vice President Kashim Shettima has expressed deep sorrow over the tragic tanker explosion in Jigawa State, which claimed over 100 lives. In a statement issued by his media aide, Stanley Nkwocha, Shettima, on behalf of President Bola Tinubu, extended condolences to the affected families, praying for strength and comfort in their time of grief.

Shettima assured the public that the federal government is mobilizing resources to support the injured and assist those affected. He has directed the immediate deployment of the National Emergency Management Agency (NEMA) to provide aid. The Vice President also stressed the need for a review of fuel transportation safety protocols to prevent future incidents.

In a separate statement, First Lady Oluremi Tinubu offered her condolences to Jigawa Governor Umar Namadi and the people of Jigawa, praying for peace and comfort for the families affected. She called the incident “unfortunate” and extended prayers for the recovery of the injured and the repose of the souls lost in the tragedy.

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Nigeria Customs Intercepts Arms, Ammunition Worth N9.5bn Over Six Years

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The Nigeria Customs Service (NCS) has revealed that it intercepted a total of 10,598 pieces of arms and 114,929 rounds of ammunition valued at N9.58 billion over the past six years. Comptroller General of Customs, Bashir Adewale Adeniyi, made this disclosure during a press conference on enforcement activities in Zone A.

Adeniyi highlighted that 60% of these seizures occurred in 2023, reflecting the Customs’ increased efforts to curb arms smuggling. He also mentioned that recent operations such as Operation Whirlwind and Operation Swift Sting are part of a strategic response to tackle evolving smuggling tactics.

In addition to arms seizures, the Customs CG announced the largest pangolin scale seizure since 2020, with 9,493 kg of scales confiscated in collaboration with the Wildlife Justice Commission. The joint operation led to four arrests across Kano, Kaduna, and Lagos. The NCS continues to intensify efforts against wildlife trafficking, targeting supply routes in northern Nigeria and border areas.

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