NEWS
NAN Staff Cooperative Declares over N20m Profit for 2023
Staff Multipurpose Cooperative Society Limitedhas declared N20,334 million as profit after expenses for the 2023 financial year.The President of the society, Mr Stephen Igiewe, announced the amount at the agency’s 12th Annual General Meeting (AGM) in Abuja on Thursday.He said the amount was higher than the N16.
09 million profit after expenses declared in 2022. Igiewe said the profit was realised due to the1 committee’s engagement in vigorous trading during the period in spite the economic challenges. He said the economic challenges affected the declared profit.The president proposed that 69 per cent of the profit representing N14,030 million be declared as dividend and interest.Igiewe said the value of share capital of the cooperative stood at N39,586 million while members’ saving stood at N300,009 million as at Dec. 2023.He proposed that N8,418 million representing 60 per cent of the profit be set aside for interest on savings.Igiewe said that N5,612 million representing 40 per cent of the profit would go to shares which translated to 14k per share.The president proposed that N2,033 million representing 10 per cent of the profit be set aside as education fund.He proposed that N2,033 million representing 10 per cent of the profit be placed in general reserve.”The executive committee embarked on vigorous trading during the period in spite the economic challenges.”The Cooperative shall continue with purchases and sale of food items, electronics and other forms of trade beneficial to members and non-members.”The executive committee continued to invest in money markets, Federal Government treasury bills and fixed deposits, instead of keeping excess cash idle in the current account,” he said.The Managing Director of NAN, Malam Ali Muhammad Ali, said that the cooperative society was necessary for the individual and collective safety of members of staff.Ali said that investing in cooperatives would help the staff to have a life after retirement from service.He advised all members of staff to subscribe to the cooperative to ensure a robust life after retirement.”I am delighted to be here as a bonafide member of the cooperative.”It is only when we come together that we will achieve together.”As Africans, it is only when we have a common purpose that we can achieve a common result.”What you see tomorrow is function of your action of today,” he said.Mr Salako Olusegun, the Deputy Director, Cooperative, Federal Capital Territory Administration (FCTA), said that cooperatives had been relegated to the background.He said the development had left many members unaware of some cooperative issues.Olusegun advised NAN members of staff who were yet to join the cooperative to do so; saying that it was the best alternative to funds after retirement.He said that cooperatives were economy propellers in various countries including United Kingdom, Germany, Kenya and Botswana, among others.Olusegun expressed optimism that cooperatives in the country would get to that international level.Some members who spoke at the meeting appealed to the executives to work toward establishing other businesses to generate more money.Mrs Ese Eniola Williams, a member of the cooperative, commended the executive committee for the profit in spite of the current economic challenges.Willians suggested that the cooperative should engage in the sale of diverse food items, Point of Sale (PoS) to enable members benefit from them.Ms Chidi Opara, also a member of the cooperative, said that venturing into businesses like transportation would open up more opportunities for the society.Mr Waziri Abubakar, suggested that the sharing formula between shares and savings be reviewed. (NAN)NEWS
Shettima to Lead Nigeria’s Delegation to UNGA
President Bola Tinubu will not attend the 79th United Nations General Assembly session in New York this year.The President has thus directed Vice President Kashim Shettima to lead Nigeria’s delegation, Mr Bayo Onanuga, Special Adviser, Information and Strategy, said in a statement on Thursday.“President Tinubu, who returned to the country last Sunday after his trip to China and the UK, wants to focus on domestic issues and address some of the country’s challenges, especially after the recent devastating flooding.
“At UNGA 79, Vice President Shettima will deliver Nigeria’s national statement to the General Assembly, attend important sideline events, and hold bilateral meetings,” said the statement.The high-level General Debate, with the theme, “Leaving no one behind: Acting together for the advancement of peace, sustainable development and human dignity for present and future generations,”will run from Sept. 24, to Sept. 28. (NAN)NEWS
NECO Releases 2024 SSCE Results
The National Examinations Council, (NECO) has released the June/July 2024 Senior School Certificate Examination results (SSCE), with 60.55 per cent of candidates securing five credits and above in English Language and Mathematics.
The Registrar of NECO, Prof. Dantani Wushishi, disclosed this while addressing newsmen at the NECO headquarters on Thursday in Minna, Niger.
Wushishi said that a total of 1,376,423 candidates, representing 706,950 males and 669,473 females, registered for the exam.
The registrar said that 1,367,736 candidates sat for the examination, representing 702,112 Males and 665,624 females.
He said that 828, 284 candidates had five credits and above, including English and Mathematics, representing 60.
55 per cent.Wushishi said that the number of candidates with five credits and above, irrespective of English and Mathematics, were 1,147,597, representing 83.90 per cent.
He said that there was a great reduction in the number of examination malpractices this year compared to 2023.
“The number of candidates involved in various forms of malpractice in 2024 is 8,437 as against 12,030 in 2023, which shows a reduction of 30. 1 per cent,” he said.
The registrar, however, said that 40 schools were found to be involved in mass cheating during the examination.
” During the conduct of the 2024 Senior School Certificate Examination (SSCE), 40 schools were found to have been involved in whole school (mass) cheating in 17 states.
” They will be invited to the Council for discussion, after which appropriate sanctions will be applied.
“A school in Ekiti was recommended for de-recognition for mass cheating in two core subjects and 01 Science subject.
” Similarly, 21 Supervisors were recommended for blacklisting due to poor supervision, aiding and abetting, abscondment, extortion, drunkenness and negligence in 12 states,”said.
He urged candidates that sat for the examination to visit NECO website to access their results.
Wushishi said candidates can access their results on NECO website: www.neco.gov.ng using their examination registration number,” he said.(NAN)
NEWS
NDDC Unveils Initiative to Enhance food Security in N’ Delta Programmes
The Niger Delta Development Commission (NDDC) says it is committed to advancing projects and programmes that enhance food security and sustainable growth in the region.Chief Monday Igbuya, the Delta representative on the NDDC Board, made this pledge in a statement issued on Thursday in Port Harcourt by the NDDC’s Director of Corporate Affairs, Mrs Seledi Thompson-Wakama.
Igbuya spoke at the inauguration of a training and empowerment programme for women and youths in livestock and agro processing in Amukpe, Sapele area of Delta. He stated that the NDDC was prioritising livestock training in line with President Bola Tinubu’s Renewed Hope Agenda.“NDDC is focussed on implementing programmes to ensure food security and agricultural growth in multi sectors, aiming to improve living standards.“It is our belief that for socio-economic development to take place, there is need to develop manpower in the agricultural sector,” he said.Igbuya expressed confidence that training farmers would enhance livestock production, create jobs, and alleviate poverty in the Niger Delta.Mrs Winifred Madume, NDDC Director of Agriculture and Fisheries, said that training farmers and entrepreneurs was essential for improving productivity and market access.“The commission has been promoting research and development through various institutions and providing farming techniques to beneficiaries,” she said.The Project Consultant, Dr Simon Akhaine, said that 200 women and youths had registered for the livestock and agro-business skill acquisition programme.According to him, the programme aims to equip them with the essential knowledge and skills for self-sufficiency in livestock farming, thereby boosting regional food security. (NAN)