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FDI: Edo, Others Parley Investors To Harness Young Talents

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In the wake of the implementation of the Africa Continental Free Trade Area (AfCFTA), Edo State and four other states are exploring opportunities to attract Foreign Direct Investment (FDI) by harnessing the talents of youths.

This was the outcome of a two-day strategic technical session on investor targeting and lead generation, organized by Wavteq, for Edo, Kaduna Jigawa, Nasarawa and Ogun states, in Abuja.

The Managing Director, Edo State Investment Promotion Office (ESIPO)-Ease of Doing Business Secretariat, Mr. Kelvin Uwaibi, said it was imperative to harness the talents of young Nigerians, especially in technology and the creative industry.

He said: “Edo State is already doing this through the effective and efficient Skills Development Agency (Edojobs) and tech hubs, such as the Innovation Hub and Edo Tech Park as well as the Victor Uwaifo Creative Hub and SoundStage.”

READ ALSO: Troops Kill Scores Of Bandits, Recover Arms, Ammunition In Zamfara

According to him, “I think as a country, we need to look into this sector seriously with a view to training the young population. That way, we can guarantee the availability of the required skills and labour force to drive the economy. In Edo State, we are deliberately training the young people on technology. We are determined to make digital skills available because it is a critical requirement to drive the economy in the nearest future, even now”

“When they are trained, young people will be equipped with the requisite knowledge in such a way that they can work from Nigeria without necessarily traveling abroad. They can work from here, where the cost of living is low.”

 

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Lagos, Ondo, Taraba Top In Highest Okada Fares In March – NBS

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A recent National Bureau of Statistics report shows Lagos, Ondo, and Taraba recorded the highest Okada (motorcycle) fares in March.

The data indicates substantial differences in transportation costs across various Nigerian states.

In March 2024, the average fare for Okada rides per trip in Nigeria rose by 2.15% compared to the same period last year, with fares reaching N472.16, up from N462.21 in March 2023.

This was contained in the most recent National Bureau of Statistics Transport Fare Watch report for March 2024, published on the agency’s website.

READ ALSO: Ondo 2024: lT Expert Emerges As SDP Candidate

However, fares in Lagos, Ondo, and Taraba states were notably above the national average for March 2024.

Lagos had the highest Okada fare at N850 per trip, with Ondo following at N725 and Taraba at N670, illustrating significant differences in transportation costs across regions.

Imo and Yobe states, with average Okada fares of N655 and N630 respectively for March 2024, ranked fourth and fifth among Nigerian states for the highest motorcycle journey costs per trip.

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Trouble Looms As OAU Students Threaten Shut Down With FG Over Fuel Crisis

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The students’ Union of Obafemi Awolowo University said on Sunday, said the challenges faced by students due to the sudden surge in the pump price of Premium Motor Spirit and the scarcity of the product have reached unprecedented levels.

The President of the union, Abbas Ojo, in a statement released on the campus in Ile-Ife, Osun State, and sent to The PUNCH, urged the Federal Government to immediately address the issues.

The union threatened to hit the streets in protest if the situation persisted.

Since the weekend, queues have surfaced across some filling stations in Ogun and Lagos states as some stations also remained shut.

The PMS also known as petrol has been selling between N700 and N800 at some filling stations. Some persons claim to buy the fuel at prices higher than N800 in Lagos and Ogun with the situation causing a hike in transport fares.

READ ALSO: Residents Displaced As Rainstorms Wreck Havoc In Edo Community

The Nigerian National Petroleum Company Limited had said some supply issues were responsible for the queues, urging customers to exercise patience.

A resident, Tomisin Bakare, who said he bought PMS from a filling station around the Lagos State University-Igando axis stated that he was shocked when the attendant said fuel was N700 per litre.

This is after I had already spent over 50 minutes in the queue,” he added.

According to the students’s union president, the situation is not different in Osun, particularly around the campus environs where he noted bus drivers had increased fares.

“We, as students, can no longer endure the burden imposed by the government’s economic policies,” Ojo said.

READ ALSO: 86-year-old Injured As Fire Guts Building In Kwara

Last year, when the decision to remove fuel subsidy became public knowledge, many, including students, harboured doubts about its impact on the nation’s economy. Even those who supported the removal of subsidies were skeptical, given the absence of concrete plans to alleviate the ensuing challenges,” he added.

President Bola Tinubu on May 29, 2023, during his swearing-in, announced the removal of fuel subsidy. Since then, Nigerians have been grappling with harsh economic realities coupled with the depreciation of the naira against the dollar.

“From soaring electricity tariffs to the skyrocketing cost of living, the adverse effects of the government’s capitalist policies have spared no one.

“Despite these challenges, students persist in their pursuit of education and academic endeavours. However, recent events such as fuel shortages and fluctuating prices have left students stranded both on campus and outside campus,” Ojo stressed, noting the students had been pushed to limits.

The union demanded immediate action from the FG to address the fuel scarcity, curb suspected hoarding of fuel, and regulate prices.

“We also demand that the government should revive the country’s refineries. The government must not test our will by not addressing these demands within the next 48 hours. Failure to do so, we shall hit the streets till the government addresses the fuel crisis which constitutes a threat to our academic pursuit,” the statement added.

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JUST IN: Popular Gospel Singer Is Dead

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Popular Gospel singer Morenikeji Adeleke, also known as Egbin Orun, is dead.

Her colleague Esther Igbekele, confirmed the death in an Instagram post on Sunday.

The gospel singer expressed shock and sadness, sayin Egbin Orun departed suddenly without bidding farewell.

According to her, the two had recently spoken, unaware of the impending tragedy.

READ ALSO: How God Saved Me From Firing Squad – Gospel Artiste, Buchi

Igbekele praised Egbin Orun’s beauty, kindness, and strong support for her ministry.

She wrote, “I got home from my program to hear about this great loss.. Prophetess Morenikeji Egbin Orun you left without saying goodbye..

“We spoke together last week not knowing you are about to embark on a journey to the great beyond.. You are such a beautiful and kind hearted woman and a very good supporter of my ministry.

READ ALSO: Outrage As Kingsmen Flogged Anambra Man To Death [VIDEO]

“I am deeply saddened with your demise but God knows best. You will be greatly missed and your good deeds will continue to linger in our hearts.

“Ah Egbin Orun. Good night! Keep resting in the bosom of Christ.. Ah Gone too soon..Yeeee.”

The cause of her death remains undisclosed and no official statement has been issued.

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