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FG Unveils New Scheme To Control Inflation, Create jobs

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The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has unveiled an ambitious agenda for economic reform to reduce inflation, create jobs, and foster growth in key sectors.

Edun said this at the 30th Nigeria Economic Summit (NES30), in Abuja on Tuesday.

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He said that government was focused on agriculture, manufacturing, oil, and housing as vital drivers of Nigeria’s economy.

He said that the intention was to tackle poverty by enhancing agricultural productivity and food security, which is essential to lowering the high inflation rate.

READ ALSO: Why I’m Unmarried At 54 – Actress Bimbo Akintola

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Edun said that the government was partnering with the African Development Bank (AfDB) to establish agricultural processing zones, which would provide a robust supply of raw materials for domestic industries.

He said that the government would also address housing affordability, launching a mortgage scheme tjat would offer near-single-digit interest rates on loans spanning up to 25 years.

This initiative aims to spark a construction boom by increasing access to affordable housing, a critical area for job creation and economic growth.

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“In partnership with the private sector, we are delivering mortgages that will support Nigeria’s housing and real estate sector,” the minister said.

READ ALSO: CAF Delists Nigeria, Libya AFCON Qualifier Amidst Ill-Treatment Controversy

He said that the recent reforms had attracted significant investments, including an additional 10 million dollars from ExxonMobil and other key industry players.

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The oil sector is our first avenue for foreign exchange and global revenue,” he said.

Edun said that manufacturing would also benefit from new tax incentives and cheaper funding.

He said that this policies were designed to cut operational costs and increase job opportunities within the sector.

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We are offering specific incentives, including excise tax and withholding tax reliefs, to stimulate the manufacturing sector,” he said.

He said that these measures had encouraged Nigerian manufacturers to invest in the country’s economic prospects.

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ITF Warns Organisations, Employers Against Rejection Of IT Students

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The Industrial Training Fund (ITF) has warned organisations and employers nationwide against rejecting students seeking attachment for their Industrial Training (IT) exercises.

ITF Area Manager in Bauchi, Dr Ashore Paul, issued the warning on Thursday during the orientation exercise for prospective IT students of the Federal Polytechnic, Bauchi.

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Represented by Mrs Nanzem Yilshuut, Head of Training at the ITF Bauchi Area Office, Paul said that “the act establishing the Fund mandates every organisation to accept students for industrial attachment.”

He further stated that any employer or organisation found in breach of these provisions was liable to conviction and sanctions.

READ ALSO:ITF Trains 120 Youth In Plumbing, Solar Power Installation, Others In Bauchi State

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Paul also urged the prospective IT students to adhere to the rules and regulations of any organisation they joined and to be willing to learn and fulfill their responsibilities.

When these students come back, we expect that there is a difference.

“They should have learned something new because definitely, what they learned in school, would be expected to be put into practicals.

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“This will help them in their academics and also assist them in their future endeavours.

READ ALSO: JUST IN: Provide Update On Missing N3bn Within 48 Hours, Reps Tells ITF

They must participate 100 per cent, they must be disciplined and they must be willing to learn.

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“We go round to ensure that they are doing what they are expected to do at their places of attachment.

“When we go for supervision, we ensure that what they are learning is in line with their courses,” he said.

The Rector of the institution, Sani Usman, said that the industrial attachment was an activity that enabled polytechnics to fulfill their mandate as technology and skill-driven institutions.

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READ ALSO:Edo Govt Lauds ITF On Training Of 100 Edo Youths On Skills

“Our students are given industrial experience during their first year so as to be registered in their minds that all of them are meant to be skilled class men and women and that is why the industrial attachment is very important.

“It enables them to build on what they have learned in their respective classrooms and practicals during the year,” he said.

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Usman emphasised the importance of proper supervision during industrial training.

READ ALSO: I’m Being Impersonated – Goodluck Jonathan Disowns Social Media Account

According to him, it will ensure students not only attend their placements but also carry out their assigned tasks effectively.

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“The supervision is also to see that the employers or the places they have been sent to do their Students Industrial Work Experience Scheme (SIWES) do not exploit them to the level that is not required by the institution”, he said.

He further revealed that 3,000 students across all departments in the institution were going for this year’s SIWES.

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Smokers Risk Cardiac Arrest, Expert Warns

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A Professor of Cardiothoracic Surgery, in the department of surgery, Faculty of Clinical Sciences, College of Health Sciences, University of Uyo, Prof Eyo Ekpe has warned cigarettes smokers and patients with diabetes to take adequate of their chest in order not to fall a victim of cardiac arrest .

He said that these health conditions trigger certain types of abnormal heartbeats called arrhythmias responsible for sudden cardiac arrest.

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Professor Ekpe gave the warning on Wednesday while delivering the 117th Inaugural Lecturer of the University of Uyo, titled “My Chest! My Chest!! My Chest!!!: Relieving Chest Pain, Preventing Death and Restoring Health”

He disclosed that many Nigerians have died for ignoring cardiac arrest triggers, preventing them, or seeking late medical attention to chest related ailments.

READ ALSO:Tobacco Kills 1.3 Million Non-smokers Yearly — WHO

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Chest pain should not be ignored. Symptom of chest pain that is reported early would afford the clinician the opportunity to obtain adequate medical history from the person, medically examine the person thoroughly, optimally conduct the necessary laboratory tests to unravel the cause, and apply an evidence based treatment modality to relieve the chest pain, prevent death and restore heath.

“People should guard their heart diligently to prevent heart attack. Cigarette should not be smoked, high blood pressure should be prevented or controlled, diabetes mellitus should be prevented or controlled, and high blood cholesterol and lipoprotein should be prevented or controlled. A culture of regular physical exercise must be intentionally domesticated.

“People should guard their heart diligently to prevent cardiac arrest. Causes and triggers of arrhythmias should be prevented by preventing stress, hypertension, diabetes mellitus, obesity, coronary artery disease and electrolyte disorders, and avoiding cigarette smoking and alcohol abuse,” he stated.

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READ ALSO:Marijuana Smokers Prone To Head, Neck Cancers — Study

Ekpe said medical consultation for chest problems should be with qualified medical doctors to avoid misdiagnosis, wrong treatment and complications, adding that regular medical checks and timely reports of symptoms of ailments must be prioritised.

Safe-driving habit and road safety must be taken as a serious business. Seat restrained-belt should be used by all occupants of moving vehicles.

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“Bicycles, motorcycles and tricycles should not ply traffic-congested roads. All victims of chest pain and chest injuries must be attended to by qualified medical doctors in a timely manner,” he advised.

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FirstBank’s Digital Banking Channels Suffers Downtime

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FirstBank has suffered a temporary disruption to its major digital banking channels, which will prevent some customers from completing transactions.

In a notice issued on Thursday, the bank said the downtime is affecting services on FirstMobile, FirstOnline, and its *894# USSD platforms.

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“Please be informed that we are currently experiencing some downtime affecting transactions to other banks on FirstMobile, FirstOnline, and USSD platforms. Customers may therefore experience delayed or declined transactions,” the circular read.

READ ALSO:Sterling Bank Unveils First 30 Beneficiaries Of N2bn Scholarship

The bank apologised for the inconvenience and assured customers that its technical team, working with partner service providers, is making every effort to restore full services as quickly as possible.

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The disruption occurred less than two months after FirstBank introduced facial biometric authentication on its FirstMobile app, designed to enhance the customer experience and security.

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