Connect with us

General

PTAD Pays 603 Ex-Workers of ALSCON

Published

on

ALSCON pensioners

By Modupe Gbadeyanka

No fewer than 600 former employees of the Aluminium Smelter Company of Nigeria (ALSCON) have been paid their entitlements by the federal government.

The beneficiaries, precisely 603, were paid by the Pension Transitional Arrangement Directorate (PTAD) in December 2020, according to a notice from the agency on Wednesday.

The 603 pensioners of the privatised company were given their money after undergoing the verification exercise put in place by PTAD.

“Following successful documentation, verification and validation of the ex-workers of ALSCON by PTAD, 603 Ex-workers of the privatized agency were paid in December 2020,” the statement obtained by Business Post said.

ALSO READ  Bayelsa Suspends Salaries of Absentee Council Workers

The Executive Secretary of PTAD, Ms Chioma Ejikeme, was quoted as saying that the beneficiaries were paid the remaining outstanding 85 per cent of their entitlement.

She re-assured pensioners that PTAD will continue with the payments of the inherited liabilities to support their well-being.

ALSCON is one of the largest Aluminium smelting companies in Africa located in Ikot-Abasi, Akwa-Ibom State. The plant has close proximity to neighbouring African countries around the Gulf of Guinea like Ghana, Togo, Benin, Cameroon, Equatorial Guinea, Gabon and Sao Tome.

ALSO READ  Experts Advocate Women Empowerment in Leadership

It was designed to produce 193,000 tons of Aluminium annually at optimal capacity and generate more than $400 million annually for Nigeria.

However, the company struggled to contribute meaningfully to the economy of the nation and in in 2004, the Bureau of Public Enterprise (BPE) requested for interested buyers.

The sale of the firm to a Russian company, UC Rusal, for $250 million has continued to generate controversies because a Nigerian-American professional, Dr Reuben Jaja, who led an American firm, BFI Group, to buy ALSCON, offered $410 million and was declared the winner of the bidding process.

ALSO READ  Independence: FG Declares Monday Public Holiday

Mr Jaja took the matter to court to seek redress but lost at the high court. He later proceeded to the appeal court, where he against lost but reprieve came for him at the supreme court in 2012 when all the five justices of the apex court ruled in his favour.

In all of these, the former workers of the company were suffering because their entitlements were not paid by the federal government, which sold the firm to a private investor.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

Click to comment

Leave a Reply

General

People with Intellectual Disabilities Deserve Equal Opportunity—Jalo-Waziri

Published

on

People with Intellectual Disabilities

By Aduragbemi Omiyale

The Chief Executive Officer of Central Securities Clearing System (CSCS) Plc, Mr Haruna Jalo-Waziri, has called for equal opportunity for people with intellectual disabilities.

He described them as “an important part of our society,” emphasising that they deserve to get “all relevant support to fulfil their aspirations.”

Mr Jalo-Waziri made a case for these set of individuals when CSCS, Nigeria’s capital market infrastructure, bagged the prestigious Golisano Health Leadership Award 2020, a premium recognition of its significant contributions to Special Olympics’ Health programmes and the promotion of equal access to healthcare, wellness, and fitness for people with Intellectual Disabilities (ID) in Nigeria.

While receiving the award, he said, “This award is a great honour, a privileged recognition of our commitment to human welfare, especially amongst one of the most important segments of the society, people with intellectual disabilities, who have consistently made this country proud through their dedication to excellence.”

ALSO READ  Ex-Workers of Savannah Sugar Company Ltd Get N1.024bn

“Being an integral part of our business sustainability principles, we take seriously our social responsibility, as we believe in the mutual prosperity of our communities,” he added.

“We would continue to invest in the socio-economic wellbeing of our society, with a particular interest in ensuring everyone, irrespective of age, gender, ethnicity, race as well as physical and intellectual ability, have access to basic and required healthcare,” he assured.

He further promised that the organisation “will continue to promote inclusion and acceptance of individuals with intellectual disabilities, as they deserve to be valued, respected, and fully integrated into all aspects of our social and economic institutions.”

ALSO READ  We Pay N16b Monthly To Pensioners—PTAD Boss

According to him, “This award is a call to service, not just for CSCS Plc to do more but to also encourage our partners, stakeholders and indeed everyone in our network to support healthcare and general wellbeing of people in our society, especially those with intellectual disabilities and other similar limitations.

“I use this opportunity to thank the Board of Directors of CSCS Plc, whose leadership and oversight remain the bedrock of our partnership with Special Olympics.”

“We are proud of the Special Olympics and we would sustain our partnership with this incredible not-for-profit organization which is uplifting the standards of living of people with intellectual disabilities, helping to discover their unique capabilities, providing the platform for realizing their dreams and giving hope to these especially talented fellows in the society.

ALSO READ  Inyang Otu Foundation Caters for Children in Slums

“The well-documented successes of the Special Olympics are impressive, and it is a pride to be part of this humanitarian service to our society,” he further said.

The Golisano Health Leadership Award is the highest honour that Special Olympics awards to health partners who are on the frontlines of bringing essential health care services to people with Intellectual Disabilities.

The award was launched in September 2016 to recognise individuals and organizations that further the cause of Special Olympics and improve access to health care, fitness, and wellness programmes for people with intellectual disabilities.

Continue Reading

General

Facebook, Reuters Launch Free Online Course for Journalists

Published

on

west african journalists

By Adedapo Adesanya

The Facebook Journalism Project has partnered with Reuters to launch a free online course for journalists under the umbrella of the Reuters Digital Journalism Course.

The project works with publishers around the world to strengthen the connection between journalists and the communities they serve.

Its training, programs and partnerships work by investing in organizations that fund quality journalism; training newsrooms globally; and partnering with publishers and nonprofits to combat misinformation, promote news literacy, and improve journalism.

Reuters developed the free online course curriculum after its Digital News Report found more people were using social media to access news.

ALSO READ  Experts Advocate Women Empowerment in Leadership

It focuses on digital newsgathering, verification and reporting, and publishing on social media. It also covers wellness and resilience training while reporting.

According to Facebook, the course is aimed at both seasoned journalists and industry newcomers. Upon completing the course, participants will receive a certificate.

Speaking on the programme, Mrs Jocelyne Muhutu-Remy, Strategic Media Partnerships Manager, Sub-Saharan Africa said, “At Facebook, we’re grateful to journalists across Africa who are working hard to keep their communities informed about the issues that matter.

ALSO READ  Angry IDPs Protest In Maiduguri

“The Facebook Journalism Project will assist our region’s journalists in developing strong fundamental knowledge as they navigate the rapidly changing digital news landscape.”

The Digital Journalism Course aims to support journalists across English speaking countries in Sub-Saharan Africa to build a strong foundation in digital reporting and editing.

Adding her input, Ms Gina Chua, Reuters Executive Editor said in a statement, “With news media firmly in the digital age, being able to use digital platforms safely and effectively is essential.

ALSO READ  Group Honours Yamusa on Coronation as Emir of Keffi

“The Reuters Digital Journalism Course offers best practices from Reuters journalists around the world to provide the foundation for sound journalism, whether you’re a budding journalist or a seasoned one looking for a refresher.”

To sign up for the course, interested parties must create an account on the Reuters Digital Journalism course website, accessible here. The course is also available to journalists from all over the world, including Nigeria.

Continue Reading

General

Osinbajo Heads Committee to Lift 100 million Nigerians from Poverty

Published

on

Osinbajo Cryptocurrency Trading

By Adedapo Adesanya

President Muhammadu Buhari on Tuesday inaugurated the National Steering Committee (NSC) of the National Poverty Reduction with Growth Strategy (NPRGS) to be chaired by the Vice President, Mr Yemi Osinbajo.

The President in a statement released through his media aide, Mr Femi Adesina, reiterated his commitment to lifting 100 million Nigerians from poverty in 10 years, with a well-researched framework for implementation and funding.

“This journey began in January 2021 when I directed the Chairman of the Presidential Economic Advisory Council and Secretary to the Government of the Federation to collaboratively work together to articulate what will lift 100 million Nigerians out of poverty in 10 years.

“I am happy to note that the process of designing this inclusive poverty reduction strategy recognised and addressed past mistakes, as well as laid the foundation for a sustainable poverty reduction through the wide range consultations held at all levels of government, development partners, the private sector as well as the civil society,” Mr Buhari was quoted as saying.

President Buhari was confident that the NPRGS would address the underlying causes of poverty on the basis of which it developed programmes that would deal with the multi-dimensional nature of poverty within the practical context of comparative advantage of human and natural resources in the various geo-political zones.

ALSO READ  Okeho Celebrates Return to Origin 100 Years Ago

According to him, the major challenge before the committee is to translate the good intention of the government into a positive impact on the average Nigerian in order to create an appreciative impact on the poverty situation in the country.

“If India can lift 271 million people out of poverty between 2006 and 2016, Nigeria can surely lift 100 million out of poverty in 10 years.

“Fortunately, we have already started but we need to unlock the challenges of slow implementation, inappropriate targeting, and absence of adequate resources,” the President said.

The responsibilities of the committee, he noted, include anchoring collaborative efforts; provide oversight for the implementation of the strategy; provide guidance to Technical Working Group and federal ministries, extra ministerial departments and agencies, subnational governments and other stakeholders on meeting the objectives of the programme; as well as monitor progress and any other effort that would enhance the attainment of the objective of lifting 100 million people out of poverty in 10 years.

ALSO READ  Please Forgive Evans ‘Cos of Me and Our 5 Kids—Wife Begs

“The performance of our economy despite COVID-19 gives me comfort that we can achieve our goal, but we need to seriously scale up and work more with state and local governments.

“This call becomes more pertinent in the face of recent forecasts by the International Monetary Fund, the World Bank and our own Nigerian Economic Summit Group which all agreed that Nigeria needs to frontally tackle her poverty situation if our economic gains are to be sustained,” he told the gathering at the event.

Mr Buhari asked the committee to commence work immediately to enable the Technical Working Group to begin to put things together.

He said the responsibilities were onerous but expressed confidence that the committee would be able to lay the foundation and demonstrate, within the next two years, the practicality of lifting 100 million Nigerians out of poverty in or under 10 years.

In his remarks, Vice President Osinbajo said the NPRGS would consolidate other efforts of the government to reduce poverty in the land.

ALSO READ  Ex-Workers of Savannah Sugar Company Ltd Get N1.024bn

He noted that the President’s position that local governments, states, and the federal government should work jointly to alleviate poverty in the country would be properly reflected in the framework and implementation, stressing the need for access and inclusivity.

The SGF, Mr Boss Mustapha, who is a member of the committee, said the poverty situation in the country assumed an enormous proportion with an increasing population, adding that the situation was compounded by the COVID-19 pandemic.

He, however, said the administration responded to the COVID-19 poverty fallout swiftly and was able to ameliorate the situation and ensured a quick exit from recession.

The committee also has as members Chief of Staff to the President, Governors of Ekiti (South West), Delta (South South), Sokoto (North West), Borno (North East), Nasarawa (North Central), and Ebonyi States (South East).

Others are Ministers of Finance, Budget and National Planning; State for Budget and National Planning; Humanitarian Affairs, Disaster Management and Social Development; Agriculture and Rural Development; Industry, Trade and Investments; Labour and Employment, Education and Health.

Continue Reading

Like Our Facebook Page

Latest News on Business Post

Trending

%d bloggers like this: