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UNDP trains 200 youths, women in vocational skills, SMEs in Ekiti

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The UN Development Programme (UNDP) in its bid to complement government’s efforts of addressing insecurity and unemployment has trained 200 women and youth, victims of violence in different skills acquisition and empowerment in Ekiti.

The UNDP Governance, Peace and Security Team Lead, Mr Matthew Alao, said this at the closing of a two-week orientation programme for the beneficiaries, at National Youth Service Corps, (NYSC) Permanent Orientation Camp, Ise/Orun, Ekiti.

Alao said that the programme facilitated by the UNDP and its partner, the Norwegian government, would help in the prevention of crisis and resolution of conflicts.

The Team Lead said that the platform was aimed at transforming the lives of beneficiaries selected from all the 16 local government areas of Ekiti.

He said that after the orientation programme the participants would still go through a six-month skill acquisition programme in trades and skills of their choice.

According to him, this will help beneficiaries gain lifelong skills and enjoy support for the establishment of small-scale businesses with starter pack grants.

Alao said equipping women and youth with lifelong skills and empowering them would “make them economically viable to contribute meaningfully to the development of their communities, states and country.”

“I am enthused to say that this programme will positively impact on these women and youth and will make them become self-reliant at the completion of the six months acquisition programme,” he said.

According to him, the candidates will begin their six months skill acquisition programme in the first week of June at the Ekiti Board for Technical and Vocational Education, (ESBTVE) Centre in Ekiti.

Speaking, the Ekiti Commissioner for Budget and Economic Planning, Mr Femi Ajayi, appreciated the UNDP livelihood scheme, especially because of its impact on crisis prevention and conflict resolution.

Ajayi said that for any meaningful development to occur in any society, efforts must be intensified towards prevention of crisis and resolution of conflicts.

“Business thrives only in societies where peace avails. Nigeria in recent times is faced with a lot of crisis resulting in insecurity thereby being a clog in the wheel of the country’s development.

“You will also agree with me that the effects of these crises have greatly demanded accelerated needs for improved social protection to close the gaps created by the menace.

“And, also to build a sustainable conflict sensitivity mechanism for the prevention of conflict occurrence at all levels of government,” Ajayi said.

According to him, the enrollment of 200 women and youth victims of violent conflicts in different skill acquisition programmes of their choice in Ekiti is part of UNDP’s efforts to ensure that Ekiti is at peace, thereby engendering development.

“Ekiti Government, under the current administration led by Gov. Kayode Fayemi, is well disposed towards development partners among whom is the UNDP.

“Since this government came on board, there have been tremendous and fruitful partnerships with the development partners in the state.

“This government is also committed to creating an enabling environment for intervention of donor agencies towards improving the well-being of the people of  the state.

“Fayemi subscribed to the UNDP programme to promote peaceful coexistence in the state in a bid to making Ekiti indigenes live a life of dignity,” the commissioner added.

The Ekiti Coordinator, NYSC, Mrs Mary Chikezie, urged the participants to see the programme as life time opportunity which should not be handled with levity

She told them that their utilisation of the leadership skills impacted on them through the training would go a long way to help them live a desirable life.

Also speaking, the President of Mediation Training Institute, (MTI-Nigeria), Mr Segun Ogunyannwo, lauded the UNDP initiative which he described as the best option to address the myriad challenges in the country.

He urged the state governors to key into the scheme and replicate the same in their different states to address challenges of security and employment and enhance their efforts of developing and stabilising their states.

He said that such a programme would not only help in job creation and provision of employment opportunities, but would also promote peaceful coexistence in their states and make them live a life of dignity as well.

A participant, Hanna Adebanwo, was full of appreciation to the UNDP for creating the opportunity for the teaming youth and violence victims in the state to learn skills and become entrepreneurs.

Hannah, a graduate of College of Education said that she had been at home for the past five years searching for a job but could not get, adding that the skill and entrepreneur training acquired at the programme would make her start a new life.

Also, another participant, Joseph Oluwabanse, whose family was a victim of herdsmen attack, also thanked UNDP for the training

Joseph, who said he learnt fashion designing, which would be completed in the next six months, said that the knowledge acquired in programme would help stabilize his life after the herdsmen crisis in his village.

He pledged to make use of the skill to positively impact the lives of other youths in his community by encouraging and training them in fashion designing after graduation. (NAN)

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Business & Economy

Renaissance Energy Completes Acquisition Of SPDC

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Renaissance Africa Energy has completed the “acquisition of the entire (100%)” equity holding in Shell Petroleum Development Company of Nigeria (SPDC).

This is according to a statement on Thursday by the spokesman of Renaissance Africa Energy Holdings Tony Okonedo who said the acquisition was completed on the same day.

“This follows the signing of a sale and purchase agreement with Shell in January 2024, and obtaining all regulatory approvals required for the transaction. Going forward, SPDC will be renamed as ‘Renaissance Africa Energy Company Limited,” the statement added.

“We are extremely proud to have completed this strategic acquisition. The Renaissance vision is to be ‘Africa’s leading oil and gas company, enabling energy security and industrialisation in a sustainable manner.’ We and our shareholder companies are therefore pleased that the Federal Government has given the green light for this milestone acquisition in line with the provisions of the Petroleum Industry Act,” said the Managing Director/CEO of Renaissance Tony Attah.

He added: “We extend our appreciation to the Honourable Minister of Petroleum Resources, the CEO of the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), and the GCEO of Nigeria National Petroleum Company Limited (NNPCL) for their foresight and belief, paving the way for the rapid development of Nigeria’s vast oil and gas resources as a strategic accelerator for the country’s industrial development”.

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RENAISSANCE COMPLETES ACQUISITION OF SHELL PETROLEUM DEVELOPMENT COMPANY OF NIGERIA (SPDC)

Renaissance Africa Energy Holdings today announced that it has successfully completed the landmark transaction between itself and Shell for the acquisition of the entire (100%) equity holding in the Shell Petroleum Development Company of Nigeria (SPDC). This follows the signing of a sale and purchase agreement with Shell in January 2024, and obtaining all regulatory approvals required for the transaction. Going forward, SPDC will be renamed as ‘Renaissance Africa Energy Company Limited.

Renaissance Africa Energy Holdings is a consortium consisting of four successful Nigerian independent oil and gas companies: ND Western Limited, Aradel Holdings Plc. FIRST Exploration and Petroleum Development Company Limited and the Waltersmith Group, each with considerable operations experience in the Niger Delta, and Petrolin, an international energy company with global trading experience and a pan African outlook.

“We are extremely proud to have completed this strategic acquisition. The Renaissance vision is to be “Africa’s leading oil and gas company, enabling energy security and industrialisation in a sustainable manner.” We and our shareholder companies are therefore pleased that the Federal Government has given the green light for this milestone acquisition in line with the provisions of the Petroleum Industry Act” said Tony Attah, Managing Director/CEO of Renaissance who added that:

“We extend our appreciation to the Honourable Minister of Petroleum Resources, and the CEO of the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) and the GCEO of Nigeria National Petroleum Company Limited (NNPCL) for their foresight and belief, paving the way for the rapid development of Nigeria’s vast oil and gas resources as strategic accelerator for the country’s industrial development”.

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N’Assembly Positioning Nigeria For One Trillion Dollar Economy by 2030 – Bamidele  

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Senate Leader, Michael Opeyemi Bamidele
Leader of the Senate, Senator Michael Opeyemi Bamidele
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The Leader of the Senate, Senator Opeyemi Bamidele on Tuesday reeled out the accomplishments of the 10th National Assembly, saying the upper chamber had been passing diverse laws aimed at creating an environment for economic competitiveness and positioning Nigeria for a $1 trillion economy by 2030.

Bamidele, currently representing Ekiti Central, added that many of these legislative initiatives are already making a difference in the daily lives of the citizenry and the collective prosperity of the country.

He made these remarks yesterday at a meeting with the delegation of the United Kingdom Parliament held at the conference room, New Senate Wing, National Assembly Complex, Abuja.

Led by MP Kate Osamor of Edmonton & Winchmore Hill, the delegation comprises a member of the Parliament for Dumfriesshire, Clydesdale & Tweeddale, Rt. Hon. David Mundell; member of the Parliament for Westminster North; Dame Karen Buck; member of the House of Lords; Lord Jonathan Oates; member of the Parliament for Worthing West; Dr Beccy Cooper and member of the Parliament for Plymouth Moor View; Rt Hon. Fred Thomas, among others.

At the session with members of the UK Parliament, Bamidele explained that the National Assembly would continue to play pivotal roles in building a resilient economy and functional political system, which guarantees the security of the citizenry.

He said: “Since the birth of the 10th Senate about two years ago, I have been discharging the duties of my office with modest records of accomplishment. One of such accomplishments is the timely passage of key legislations, particularly in the areas of fiscal reform and national security

“By engaging my colleagues across all political divides, we have successfully passed laws aimed at creating an environment for economic competitiveness and positioning Nigeria for a $1 trillion economy by 2030. I am proud to say that many of these legislative initiatives are already making a difference in the daily lives of our citizens.

“As we look towards the future, we remain deeply committed to strengthening Nigeria’s democratic institutions and ensuring that the National Assembly continues to play its pivotal role in building a resilient economy and a functional political system that guarantees the security of all.”

Bamidele disclosed that the nation’s parliament is building synergy with different parliamentary associations and institutions across the world to address the dearth of institutional capacity.

In her own presentation, the leader of the delegation, MP Kate Osamor, solicited for inclusion of more women in the National Assembly to address the existing gender gap in the nation’s electoral offices.

Osamor said: “We have to make sure more women are in the parliament. Every society is a reflection of elected representatives.”

On the issue of gender sensitivity, the senate leader promised the delegation that the 10th Senate would give priority attention to the issue, recalling that the 9th Senate was almost resolving the issue before it came to an end in June 2023.

 

 

 

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CBN Stops Free Withdrawals For Customers Using Other Banks’ ATMs

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CBN Headquarters Abuja
CBN Headquarters Abuja
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The Central Bank of Nigeria (CBN) says charges will now apply anytime customers use the Automated Teller Machines (ATMs) of banks other than theirs.

This was contained in a circular dated February 10, 2025, and addressed to all banks and financial institutions, the apex bank’s acting Director of Financial Policy and Regulation Department, John Onojah.

“The three free monthly withdrawals allowed for remote-on-us (other bank’s customers/not-on-us consumers) in Nigeria under Section 10.6.2 of the Guide shall no longer apply,” the circular partly read.

The CBN directed banks and other financial institutions to apply the following charges with effect from March 1, 2025.

The apex bank said while customers withdrawing at the ATMs of their banks and financial institutions won’t be charged, customers withdrawing from the ATM of other banks would now be charged ₦100 per every ₦20,000.

The CBN said for off-site ATMs — automated teller machines not on a bank’s premises – like those at shopping malls, eateries and other public places — a surcharge of not more than ₦500 per every ₦20,000 will apply in addition to the statutory ₦100 fee for withdrawals by customers of other banks’ ATMs.

The apex bank attributed the reviewed charges to rising costs and the need to improve the efficiency of ATM services in the country.

“This review is expected to accelerate the deployment of ATMs and ensure that appropriate charges are applied by financial institutions to consumers of the service,” the circular stated.

 

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