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ES Arabic, Islamic commission lauds UNICEF’s interventions in ”Almajiri” education

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Dr Umar Dandin-Mahe, the Executive Secretary of Arabic and Islamic Commission in Sokoto state, has commended the UN Children Education Fund (UNICEF) for its interventions in ”Almajiri” education and  commitment to children’s welfare worldwide.

Dandin-Mahe made this known on Sunday at the end of a four-day training for 100 teachers of ”Tsangaya” schools on child safeguarding and alternative care for almajiri children in Sokoto state.

The News Agency of Nigeria (NAN) reports that the programme is funded by the Eleva Foundation of the UK and anchored by the Sokoto State Arabic and Islamic Education Commission and UNICEF.

“Our children in Almajiri schools should be seen as very neat, comfortable and given the needed care to appease others.

” We have about N7, 000 Islamiyya and Almajiri Qur’anic schools in Sokoto state as many have not even registered, I am optimistic that with the present support things will be transformed,” he said.

Dandin-Mahe urged the clerics to utilise every segment of the training and put in practice for better understanding as well as standard practices of handling the children.

He also called for a law prescribe the acceptable age within which parents can take their wards to other places for Islamic education.

A participant, Malam Jabbi Ibrahim, from Sokoto State  Zakkat and Waqf Commission, stressed the need for communities to study Almajiri education system and the proliferation of schools.

Ibrahim, who is the Director of Endowment Services of the commission, implored people to differentiate between the large number of children roaming the streets and ”Almajiri” children.

He said some factors that comprised insecurity, climate change and other challenges had rendered many homeless.

He said the Sokoto government copied systems from Malaysia and Indonesia to transform the ”almajiri” education system and injected more funds  to support those schools.

Earlier,  UNICEF Child Protection Officer, Mr Williams Nwaokorie, said the effort is part of the responses to the need of almajiri and Out-of-School children.

Nwaokerie said participants would be trained on adoption of alternative care minimum standards for almajiri children out of family care.

He said it would enable them to properly look after and protect the children entrusted to them who are learning Islamic teachings.

” UNICEF has a zero tolerance policy towards any form of bullying, harassment, sexual exploitation and abuse of children.

”  Children are the primary beneficiaries of our work, hence we are committed to ensuring that all our implementing partners and relevant stakeholders do not cause any harm, abuse or commit any act of violence against children, ” Nwaokerie said.

He added that 100 teachers were selected from eight local government areas in Sokoto state  on best child safeguarding principles and alternatives in order to protect children under their care.

NAN reports that the lead facilitator, Prof. Umar Alkali, reminded participants that Allah will ask parents over their responsibilities to their wards stressing that Islam bestowed certain rights on children. ,

”These rights include that of life, education, dignity, health, lineages, prevention, provision and participation as the core objective of UNICEF child safeguarding policy, which Islamic teachers are encouraged to imbib,” Alkali said.

Alkali further clarified that the child can attend both western and Islamic schools from their parents homes even before attaining the age of 10.

The scholar advised that teachers should establish school committees to facilitate tracking of students and know their whereabouts, hygiene and other socioeconomic activities.

He also called for more provisions from the government for teachers and students welfare, infrastructure and empowerment of students to further their studies and occupational training.

NAN reports that participants unanimously agreed that the ideal year should be 10 years. (NAN)

Economy

Selloffs in Dangote Cement, MTN, others Push Equity own by 1.23%

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Selloffs in the shares of Dangote Cement, Conoil, MTN Nigeria, among others, on Friday, dragged the equity market’s performance indices down by 1.23 per cent to close the week’s trading sessions.

Specifically, investors lost N672 billion or 1.24 per cent, as the market capitalisation, which opened at N54.

707 trillion, closed at N54.035 trillion.

The All-Share Index also lost 1.

24 per cent or 1.228.32 point, to settle at 98,751.98, as against 99,980.3 recorded on Thursday.

Consequently, the Year-To-Date (YTD) return on the index dropped to 32.07per cent.

Selloffs in Dangote Cement, MTN Nigeria,  Fidelity Bank, Sovereign Trust Insurance and Nestle made the market performance to be on a negative terrain.

Analysis of the market activities showed trade turnover drop when compared to the previous session, with the value of transactions down 22.01 per cent.

A total of 367.62 million shares valued at N6.78 billion were exchanged in 9,168 deals, compared to 542.95 million shares valued at N8.70 billion exchanged in 9,650 deals posted previously.

Meanwhile, Dangote Cement and Conoil led the losers table by percentage terms of 10 each to close at N135, N90.90 per share respectively.

MTN trailed by 9.96 per cent to close at N200.70, Thomas Wyatt Nigeria lost 9.78 per cent to close at N2.03, while Sovereign Trust Insurance shed 6.52 per cent to close at 43k per share.

On the gainers table, The Initiative Plc and FTN Cocoa Processors led by 10 per cent each to close at N1.98 and N1.65 per share respectively.

Juli Plc followed closely by 9.97 per cent to close at N3.75, Champion Breweries Plc gained 9.94 per cent to close at N3.76 and PZ Nigeria rose by 9.93 per cent to close at N33.75 per share.

On the activity table, Transcorp led in volume with trade of 57.00 million shares valued at N792.05 million, while Access Corporation sold 31.77 million shares worth N667.8 million.

United Bank of Africa (UBA) traded 28.50 million shares valued at N674.07 million and Fidelity Bank transacted 28.07 million shares worth N297.65.

Also, First City Monumental Bank(FCMB) sold 27.92 million shares worth N227.22 million.

However, market breadth closed positive with 43 gainers and eight losers on the trading floor.(NAN)

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Economy

We Currently have $30bn Investment Commitments – FG

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The Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, says Nigeria currently has about 30 billion dollars investment committment from various investors.

Uzoka-Anite said this at the ongoing Ministerial Media briefing in Abuja on Friday.

According to her, the commitments will be redeemed over the course of five to eight years.

She said investments, commitments, and pledges were also received from our oil and gas free zone, adding that last week, some of them committed an additional 10 billion dollars in investments.

“I hosted the managing director of SHELL who explained to me about the investment plans of shell.

“ I know a lot of us are aware that shell is leaving; he came to explain to me what they mean by that.

And I can tell you that they are not leaving.

“Rather, they are expanding and increasing their investments in Nigeria; they are selling their onshore assets and increasing their investment in gas and offshore assets.” she said.

Uzoka-Anite, who envisaged more investments into the country, said  it would not have been possible without the commitment of President Bola Tinubu led administration.

She said that with increased investments comes job opportunities and economic growth, which wss part of the priority of the government. (NAN)

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Economy

Nigerian Breweries Records N106bn Loss in 2023

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Nigerian Breweries Plc has recorded a net loss of N106 billion for the year ended 2023, as against N13.93 billion posted in its 2022 financials, indicating 860 per cent loss.

Mr Uaboi Agbebaku, Company Secretary, Nigerian Breweries stated this in the audited financial result of the company for the year ended 2023 sent to the Nigerian Exchange Ltd.

(NGX)

Agbebaku said the gross profit of the company for the year under review also fell by 0.

3 percent to N212.5 billion, compared to N213.20 billion posted in the previous year.

He stated that the operating profit of the company declined by 15.

3 per cent to 45 billion, as against N53 billion recorded in the corresponding year.

The company secretary said that the firm recorded loss in its operating profit due to higher input cost and one-off reorganisation cost despite strong and aggressive cost savings and other efficiency measures.

According to him, the company however was able to grow its revenue by nine per cent to N599 billion, compared to N551 billion posted in the previous year, which was aided by positive price mix.

Agbebaku stated that the Nigeria business landscape experienced significant shifts in 2023, with substantial impact on businesses and livelihoods nationwide.

He explained that the Naira notes redesign which resulted in cash shortage that severely hampered social and economic activities nationwide set the tone for a turbulent year.

Agbebaku said: “High double-digit inflation rates with food inflation at more than 30 per cent and removal of subsidy on fuel.

“Coupled with the impact of the devaluation of the naira which resulted in a foreign exchange loss of N153 billion further exacerbated the already difficult environment for the populace and businesses.

“In a difficult operating environment, the Board will ensure that the company builds on its more than 77 years’ experience of operating in Nigeria to cope with current realities.

He said the company would continue to be resilient and forward-thinking, leveraging on its broad portfolio, strong supply chain footprint and passionate workforce to drive long-term value creation for its shareholders and other stakeholders.(NAN)

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