By Aduragbemi Omiyale
No fewer than 20 young engineers were on Thursday, July 1, 2021, inducted into the Young Engineers’ Programme (YEP) of Ikeja Electric, Nigeria’s largest electricity distribution company.
The inductees will undergo 12 months of comprehensive developmental training aimed to improve their capacity and practical field practice experience.
In the course of the study, they will have a blend of learning approaches; instructor-led classroom sessions, virtual sessions, field and on-the-job practical sessions to ensure effective learning transfer.
The scheme, in its sixth edition and targeted at young, dynamic, self-motivated and highly driven talents, was designed to be an immersive and experiential learning experience for selected engineers, focusing on processes, procedures and operations of the Nigerian electricity supply industry.
Speaking at the induction ceremony in Lagos, the Chief Executive Officer of Ikeja Electric, Mrs Folake Soetan, explained that the goal of the initiative is to build the capacity of technical manpower with requisite skills, with a key interest in infrastructural and human capital development of the power sector.
“The key is in ensuring proper knowledge transfer from our very experienced technical workforce to the engineers coming on board; that is the one way to ensure that we remain relevant to the needs of our customers, guaranteeing our esteemed customers who depend on us for power, a reliable and qualitative service,” she said.
Mrs Soetan noted that Ikeja Electric would continue to reinvest in its human capital to create a pipeline for the kind of leadership needed for future growth and development of the industry.
“This strategy is part of the company’s objective of infusing and developing the next generation of competent and reliable professionals who are expected to be groomed with a broader perspective and exposed to the entire Energy Value Chain as well as driving the company’s vision of being the provider of choice wherever energy is consumed,” she explained.
She further added that “the programme has been running for six years now and we have had several success stories. We expect that this set will even have more stories, especially in this era when our mantra in Ikeja Electric is Customer First, Technology Now.
With the recent launch of its internal mentorship program, the Engineers will also enjoy the privilege of mentorship from highly trained and experienced engineers in the industry who will act as mentors; offering a variety of professional experiences within a structure that provides opportunities to learn, grow, and ultimately succeed.
Ikeja Electric continues to invest heavily in training and capacity building programs targeted at advancing the aspiration of youths by providing them with the opportunity to be self-reliant as well as empowering them for a better life.
Buhari Renews Appointment of Patience Oniha as DMO DG
By Aduragbemi Omiyale
Ms Patience Oniha has been given an opportunity to remain in office as the Director-General of the Debt Management Office (DMO) for another term of five years.
The debt office chief, who has been in office for the past five years, was allowed to continue on the approval of the renewal of her appointment by President Muhammadu Buhari.
A statement signed by the Senior Special Assistant to the President on Media and Publicity, Mr Garba Shehu, on Thursday night explained that the reappointment of Ms Oniha was purely based on her “significant achievements;” in the last five years.
The image-maker of Mr Buhari noted that the DMO DG, since she assumed office, has internally introduced reforms to strengthen the agency as a critical agency in the public finance ecosystem of the country.
It was stated that amongst her achievements are the “introduction of Sukuk and green bonds to finance the development of infrastructure where there is a huge gap.”
“Under her watch, as part of the initiatives to improve the sustainability of the public debt and opening up avenues for raising long-term funds for corporates, the DMO introduced long-term bonds with tenors of 30 years in the domestic and international markets,” the statement added.
“This is aside from attracting diverse investors including retail investors to the FGN bond market,” the presidency further disclosed.
The reappointment, which Mr Shehu said “takes effect from July 1, 2022, [is] in accordance with Section IV (9-i) of the Debt Management Office (Establishment ETC) Act, 2003.”
TUC Gives Fayemi 21 Days to Pay Backlog of Salaries
By Adedapo Adesanya
The Ekiti State chapter of the Trade Union Congress (TUC) has given the state governor, Mr Kayode Fayemi, a 21-day ultimatum to pay the backlog of salaries of workers.
The union reminded Mr Fayemi that during his electioneering campaign in 2018, he promised to clear the backlog and till now, he was yet to fulfil this promise. The tenure of the Governor is expected to expire on October 15, 2022.
According to the group, redeeming such a pledge would further reinforce workers’ trust in the administration of the All Progressives Congress (APC) in the state and smoothen the relationship with the incoming Governor, Mr Biodun Oyebanji.
In a statement signed by its State Chairman, Mr Sola Adigun, the union congratulated Mr Oyebanji on his victory in the recently concluded governorship poll, urging him to be magnanimous in victory by being inclusive in governance and forming a robust alliance with opposition to build Ekiti of his dream.
The union condemned in strong terms, the rate of kidnapping of citizens in the state, urging Mr Fayemi to devise means to curtail the nefarious act threatening peaceful coexistence and investment drives.
Sequel to the government’s inability to meet some pending workers’ demands, TUC issued the 21-day ultimatum to the Governor to pay all arrears of salaries, deductions and promotion, failing which industrial harmony could no longer be guaranteed.
“The TUC commends the government’s prompt payment of salary since the inception of this outgoing administration in October 2018 till date. However, the TUC reminded Governor Fayemi of his initial promise to offset all arrears payments before the expiration of the tenure.
“But we noted with dismay, the refusal of the government to remit the already deducted dues such as co-operative deductions, contributory pension, bank loans repayment, NHF fund, to the appropriate quarters.
“We equally frown seriously at the refusal of the Accountant-General of the State to continue with cooperative savings update of Ekiti workers, due to the alleged presence of some syndicate operating in her office.
“Most members of TUC have not benefited from the new minimum wage after almost two years of implementation in the state,” the group concluded.
Chams Appoints Former UBA MD/CEO to Board
By Aduragbemi Omiyale
A former Managing Director/Chief Executive Officer of the United Bank for Africa (UBA) Plc in Tanzania, Mr Ayobola Abiola, has been appointed to the board of directors of Chams Plc.
Mr Abiola headed the Tanzanian operations of the leading financial institution for four years and was also and the General Manager/Divisional Director in charge of Corporate Banking at UBA. He was once the Senior Vice President and Head of West & Lagos Regions at First City Monument Bank (FCMB).
In a statement issued by the Legal Adviser of Chams, Ms Yetunde Emmanuel, it was disclosed that Mr Abiola will be on the board of the organisation as a non-executive director effective July 1, 2022.
The new board member is an economics, banking, finance and tax expert with over 25 years of cognate experience in investment, commercial and mortgage banking.
He is the founder and Chief Executive Officer Capstone Development (West Africa) Limited, a real estate investment and advisory firm. He was until recently the Executive Director, Business Development and Treasury Services at Federal Mortgage Bank of Nigeria (FMBN), a position he was appointed to by President Muhammadu Buhari.
Prior to joining FMBN, he was Vice Chairman and Chief Executive Officer of Fullhouse Advisory Partners, an Investment and financial advisory services firm which specializes in capital raising, project finance and investment advisory services.
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