By Dipo Olowookere
A top insurer in the country, Axa Mansard Plc, has partnered with Money Matters with Nimi Akinkugbe to host the 2nd edition of the Annual Children’s Finance Fair.
This is in commemoration of the annual Children’s Day celebration in Nigeria normally celebrated on every May 27 of each year.
The event, which is strictly for children under the age of 17, their parents, teachers and guardians, is scheduled to hold on Saturday May 26, 2018 at Lagos Prep School, Glover Road, Ikoyi.
The Children’s Finance Fair, sponsored by AXA Mansard Insurance Plc, a member of the AXA Group, will feature discussions on a host of issues related to children and money matters, including the following: Teaching children about money, Children’s savings products, Identifying and developing children’s talents, Investments for Children, Funding children’s education, Educational Insurance, Life Insurance, Mutual Funds and Trust Funds.
The participants will also have a meet and greet session with representatives of the AXA Mansard Plc who will give them first-hand information on some of the best children’s banking and savings products. There will also be an exciting Monopoly Tournament with lots of great prizes.
Speaking about the fair, the Group Head, Strategy, Planning and Marketing, AXA Mansard Group, Mr Kola Oni, noted that, the brand is delighted to associate with children to commemorate the 2018 Children’s Day.
He said further that findings show that many adults make devastating financial decisions that they could have avoided, if they had been introduced to the basic concepts of money early in life.
“As a socially responsible brand, we celebrate the Nigerian children and we see the collaboration with Nimi Akinkugbe as an opportunity to educate both the children and parents on the various ways they can plan for their finances.
“Our team will also be on ground to help attend to the various questions that might be bothering the participants,” he said.
According to Mr Oni, “Planning the future should not be something to procrastinate because it is never too early to start educating the young ones about investment, savings, pensions and insurance.”
In her response on the collaboration, Nimi Akinkugbe, Convener and Wealth Management consultant said “Financial literacy is not in the school curriculum but it is an important part of human life. Therefore, this event is a means of equipping the next generation about this aspect of living. Teaching children good money habits can help insulate them from making grievous financial mistakes. She employed other brands to emulate AXA Mansard in raising a generation that understands money matters.”
Oyo Threatens to Revoke Unexecuted Contracts
By Aduragbemi Omiyale
The Oyo State Government has threatened to revoke unexecuted contracts on renovation and construction projects under its 2012-2018 UBEC/SUBEB Intervention Project from defaulting contractors in the state.
This threat was made on Thursday by the Executive Chairman of the Oyo State Universal Basic Education Board, Dr Nureni Adeniran.
Speaking with the 22 contractors in Ibadan, the state capital, Mr Adeniran this action may likely be taken under the breach of contract terms.
He noted that many of the contracts, including those awarded by the previous administration had been dragging since 2018, adding that this is in contravention of the time frame of the contractual agreement which stipulated two weeks for completion of borehole and a maximum of 24 weeks for completion of model schools.
Mr Adeniran said the board would not hesitate to apply appropriate sanctions against these defaulting contractors, who have failed to meet project specifications in the execution of UBEC/SUBEB jobs in the state.
He added that the contractors may answer queries from the anti-graft body, the Economic and Financial Crimes Commission (EFCC), after the November 2021 deadline, adding that they also risk being blacklisted by UBEC for further contracts of UBEC/SUBEB nationwide.
“The message here is clear, the job has taken too long, your failure to deliver on the agreed dates is affecting the wellbeing of our children, we will reverse the contract,” he said.
“We have issued several warnings, this is about the third time. We need to revoke the contract and give those that will do the job. The guideline is clear and we are not going to compromise,” he warned.
The SUBEB boss, who was at the meeting in the company of the management staff of the Board, queried the rationale behind the contractors’ refusal to deliver results, despite the mobilization fee Government had given them.
The educationist noted that as part of concerted efforts to enforce standards, as well as ensure that there are only appropriate executions of projects, the board in 2019 did not revoke their contracts, despite the fact that they were issued by the former administration.
Katsina Has 775,000 Out-of-School Children—SUBEB Director
By Sodeinde Temidayo David
The United Nations Children’s Funds (UNICEF) in collaboration with the State Universal Basic Education Board (SUBEB) has commenced a new campaign on the rising number of out-of-school children in Katsina State.
The campaign tagged Back to School and Behavioural Change, is with the aim to prevent the threat that could be caused if there is a high number of children who would lack a formal education.
The scheme, which is targeted at returning over 200,000 out-of-school children, including Al-Majirai to schools in 2021, is supported by the UNICEF and sponsored by Foreign, Commonwealth and Development Office (FCDO).
Speaking at the unveiling of the programme, the State Commissioner for Education, Mr Badamasi Lawal, noted that the outbreak of COVID-19 and banditry had triggered the number of out-of-school children in the state, particularly in Kafur and Kankara Local Government Areas.
According to statistics released by the State SUBEB Director, Social Mobilisation, Mr Abdulmalik Bello, the state has 775,000 out-of-school children across the 34 local government areas of the state as a result of banditry and COVID-19 pandemic.
Mr Lawal further expressed that with the new flagship, the back to school campaign would reduce the number of out-of-school children across the 34 Local Government Areas of the state.
The state commissioner recalled that the state government, under the leadership of Governor Aminu Bello Masari, had prioritised the education sector hence the employment of 10,000 teachers, prompt payment of teachers’ salary and timely provision of instructional materials to schools.
He, therefore, tasked traditional and religious leaders in the state to support the state government’s effort of uplifting the education sector by ensuring the enrolment, retention and completion of school by all children irrespective of gender affiliations.
On his part, the SUBEB Executive Chairman, Mr Lawal Buhari Daura, applauded UNICEF for supporting the state government in curtailing the number of out-of-school children and other educational challenges afflicting the state.
Following this development, UNICEF reaffirmed the goal to reach the most disadvantaged children and adolescents, and to protect the rights of every child, and to advocate for the protection of children’s rights, helping to meet their basic needs, and giving them a fair chance to reach their full potential.
Kaduna Prioritises Education, Health in N233bn 2022 Budget
By Adedapo Adesanya
The Kaduna State Government has presented the 2022 draft budget of N233 billion to its House of Assembly, with a capital expenditure of N146 billion and recurrent spending of N87.6 billion.
This was done by the state governor, Mr Nasir El-Rufai, on Tuesday. In the further breakdown of the budget estimate, it was stated that the capital to recurrent ratio stands at 63 per cent to 37 per cent.
Mr El Rufai noted that the 2022 estimates are slightly smaller than the 2021 budget of N237.52 billion, which had N157.56 billion as capital and N79.96 billion recurrent expenditure, a 66 per cent to 34 per cent capital to recurrent ratio.
He said that the priorities of the 2022 estimates are education, healthcare and infrastructure, like the previous budgets.
The Governor noted that the allocations in the 2022 budget estimates reflect the political values and governance principles that have consistently guided the six previous budgets of his government since 2015.
“Most of the capital spending will be in the economic and social sectors, in keeping faith with our stated governance agenda.
“We propose to devote 76.8 per cent of the capital budget to schools, hospitals, and infrastructure, including housing.
“Capital spending on education is N68.4 billion (29 per cent) and for health N35.1 billion (15 per cent),” he said.
According to the governor, “these figures show that the 2022 draft budget estimates express our political values and governance principles in the same consistent manner as our six previous budgets.”
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