Connect with us

News

Okonkwo urges Tinubu to tackle unemployment with apprenticeship

Published

on

 • Prof. Obiora Okonkwo
Spread the love
President Bola Ahmed Tinubu has been urged to tap into the benefits of the Igbo apprenticeship system in order to tackle the scourge of youth unemployment in Nigeria.

Chairman of United Nigeria Airlines Limited, Prof. Obiora Okonkwo, who made the call at the sidelines of a public book presentation by The Sun in Abuja, Thursday, said the apprenticeship scheme has the potential to positively engage many youths and make them self-reliant within the lifetime of the Tinubu administration.

Okonkwo, who had sponsored a study at the Nnamdi Azikiwe University (UNIZIK) Business School on reinvigorating the Igbo apprenticeship scheme as a tool for mass employment, said outcome of the study indicated that the system is still a viable option to addressing unemployment.

According to Okonkwo, with proper policy administration, the scheme could be adapted to modern trends and used to engage youths towards a self-reliant future.

He stated that engaging youths at the point of graduation and attaching them to their trades of interest would empower them with the relevant skills to live by.

He said: “When a youth is engaged as an apprentice, he not only learns the nitty-gritty of the trade type or how to buy and sell, but also character formation as well as resource management skills.”

“Don’t forget that a young boy that is engaged to a trade master, who teaches him how to trade, is also learning how to manage financial resources; he will learn aspects of home management and when he grows to become the head apprentice, he also learns how to manage human resources.

SEE ALSO:  Why I rejected N150m bribe from Lagos businessman – Police Officer

“Apprenticeship will also expose him to the knowledge of banking and stock management and supply chain management. He will learn bookkeeping and product sourcing. He will also be introduced to his master’s business partners abroad, thus improving his network. If he is interested in transportation and is attached to a transporter, he will learn every aspect of the business, including fleet management, spare parts sourcing and management, etc. The benefits are huge and interestingly, these are some of the subjects that people pay millions of naira to learn in business schools here and abroad. So, you see that even an apprentice who goes to learn welding has much more to learn than cutting and welding irons.

“I will suggest that President Tinubu looks into this practice which has created quality and valuable human capital for our country as an avenue to tackle unemployment by creating a system of policy administration whereby graduates can be attached to businesses that are registered and willing to absorb these graduates to improve on their skills. You will be amazed at what the outcome will be,” Okonkwo said.

Advertisement

Commenting further, Okonkwo said it was interesting that the Nigerian Bar Association (NBA) was considering adopting the system to help improve the quality of lawyers.

He said: “You will see what the legal practice sector will churn out in a few more years if the NBA gets through with their plan to adopt the scheme. By attaching your lawyers to undergo apprenticeship under very senior and ageing lawyers, the NBA would have succeeded in impacting positively on the legal profession by helping produce more quality lawyers.”

SEE ALSO:  JAMB announces cut off mark for 2024 admissions

Okonkwo also stated that the outcome of the study on the Igbo apprenticeship scheme is still relevant to the Nigerian society adding that UNIZIK Business School will also be willing to let any group that needs further information on the study to have access to the final report.

Advertisements
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Peter Obi should be held responsible for anarchy arising from August 1 hunger protest – Presidency

Published

on

Bayo Onanuga
Spread the love

Bayo Onanuga, a senior to President Bola Tinubu, has alleged that supporters Mr Peter Obi, former presidential candidate of the Labour Party, LP, are planning mayhem in Nigeria.

Onanuga claimed that the proposed nationwide protests were being planned by Obi’s supporters, whom he described as failed presidential candidate.

According to him, Obi should be held responsible for whatever crisis that would emanate from the action.

In a post on his X handle on Saturday, Onanuga said the proposed protest planners are also the same people who were instigated by the incarcerated IPOB leader, Nnamdi Kanu to launch the destructive ENDSARS protest in Nigeria in October 2020.

He wrote: “REVEALED: Peter Obi’s supporters are the people planning mayhem in Nigeria: Obi should be held responsible for anarchy

“Don’t be fooled: the malcontents planning to stage nationwide protests are supporters of Peter Obi, the failed presidential candidate of the Labour Party. And he should be held responsible for whatever crisis emanates from the action.

“The protest planners are also the same people who were instigated by IPOB leader Nnamdi Kanu to launch the destructive ENDSARS protest in Nigeria in October 2020. ENDSARS began as a genuine protest by youths against the Police Special Anti-Robbery Squad, notorious for its high-handedness. IPOB members planning to extricate the South East region from Nigeria infiltrated the protest and hijacked it for their own agenda. Lagos still bears the scar of the malicious destruction by IPOB elements until today.

“Two years after ENDSARS, the IPOB and the gullible innocents joined the Labour Party in 2022 to support Peter Obi, a sympathiser of their cause.

Advertisement

They are the people spreading the hashtags ‘EndBadGovernance’, ‘Tinubu Must Go,’ and ‘Revolution2024’. They are not democrats but anarchists. They are attempting to call out our people via propaganda because their Messiah, Peter Obi, failed to win the Presidency in the 2023 election. As bad losers, they don’t have the patience to wait for another election in 2027; they would rather destabilise Nigeria by staging a civilian coup against President Bola Ahmed Tinubu.

Advertisements
SEE ALSO:  JAMB announces cut off mark for 2024 admissions
Continue Reading

News

Two brothers drown in FCT River

Published

on

Two brothers drown in FCT River
•The river behind the village
Spread the love
Two brothers, Joshua and Samson, have drowned in a river in Robukya community in Kwali Ward in Kuje Area Council of the FCT.

A relation of the deceased, Musa Abednego, who confirmed the incident to our reporter on Thursday, said it happened on Tuesday around 9am while they were crossing the river.

He said the brothers, Joshua and Samson, were between the ages of nine and 12 and that they were on their way to the farm when the incident happened.

He explained that the victims got drowned following a heavy rainfall which made the river to overflow.

He said, “Their father asked them to hold on after the rain subsided. Unfortunately, they left home to the farm without him knowing.”

Abednego said their corpses were recovered on Wednesday around 4pm through the help of some fishermen, adding they had been buried.

The spokeswoman of the FCT Police Command, SP Josephine Adeh, was yet to speak on the incident.                                              Daily Trust

Advertisements
SEE ALSO:  FG to construct 6-lane super highway connecting 5 states, FCT – Umahi
Continue Reading

News

CBN intervenes in foreign exchange market

Published

on

CBN intervenes in foreign exchange market
Central Bank of Nigeria
Spread the love
The Central Bank of Nigeria (CBN) has started selling foreign exchange on a regular basis through Authorised Dealer Banks and licensed Bureaux De Change (BDCs) as a response to the current fluctuations in the foreign exchange market.

These fluctuations are primarily caused by the demand pressure coming from corporate entities and the seasonal increase typical during the summer period.

By implementing regular sales of foreign exchange, the CBN aims to stabilise the market and ensure smoother transactions for both businesses and individuals involved in foreign exchange activities.

Director, Financial Markets Department of the CBN Dr Omolara Omotunde Duke in a statement on Friday night assured the public of the bank’s commitment to address the demand pressure and stabilize the foreign exchange market.

Highlighting recent transactions, the CBN disclosed that it sold a total sum of US$106,500,000.00 to 29 authorized dealer banks on Thursday, July 18 and Friday, July 19, 2024.

These transactions took place within an exchange rate range of N1,498.00/US$1 to N1,530.00/US$1. Additionally, the CBN purchased US$9,500,000 (Nine Million and Five Hundred Thousand Dollars) from four authorized dealer banks at rates between N1,510.00/US$1 and N1,550.00/US$1. All these transactions are marked for settlement on July 19, 2024.

The Central Bank also stated its commitment to closely monitor compliance with existing trading rules and regulations by authorized dealer banks. This is seen as an effort to promote ethical conduct and ensure stability in the foreign exchange market.

The general public was also advised to direct their foreign exchange demands to their respective banks and BDC operators, adhering to prevailing market regulations.

SEE ALSO:  Enugu Diasporan Investors seal $300m Africa Medical City deal

With the regular sale of foreign exchange and ongoing monitoring of trading practices, the CBN aims to meet demand pressure, foster stability, and sustain a well-functioning foreign exchange market.

Advertisement
Advertisements
Continue Reading

Trending