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Education

FG Insists on Treasury Management – Minister 

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By Evelyn Terseer, Abuja 

The Minister of State for Education, Mr Goodluck Opiah has emphasized that treasury management is a must for any nation that targets sustainable development.

According to him, this is imperative because it is a strategic approach to optimising beneficial returns of innovative deployment of both public and private finance.

The Minister gave the affirmation at the inauguration of the Council of the Chartered Institute of Treasury Management (CCITM) in Abuja on Tuesday, noting that it would help to put in place preventive mechanisms to safeguard resources and ensure that there is value for money.

He pointed out that the supervision and management of cash flows and its balances will be better managed and utilised, better services from banks, proper allocation of funds will be achieved while fraud and embezzlement would be minimised.

The Minister said with the above mentioned benefits, the economy will function better with adequate financial resources appropriately allocated and disbursed.

“The Chartered Institute of Treasury Management is particularly important to the education sector because it will help ensure that finances allocated to the sector by government, civil society and nongovernmental organisations will be judiciously utilised for the achievement of the Ministry’s three focal areas of Access, Quality and Systems Strengthening and of course the timely attainment of the Ministry’s 10 Pillars of the Education for Change: A Ministerial Strategic Plan

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“I am very confident that the benefits and impacts of the establishment of this Institute will be positive on our society and the Nigerian economy when fully operational” he said.

Mr Opiah therefore reminded all stakeholders of the fact that Nigeria education must prepare and arm Nigeria’s youths to take competitive advantage of the 21st century knowledge-driven economy within and outside the country.

He believed that the operations of this Institute would help achieve this target.

The Minister implored the Council members to contribute their best to ensure that the vision, mission, mandates and functions of the institute as enshrined in the Act that established it are achieved for a better, more resourceful and sustainable development in Nigeria.

“I am very confident that the benefits and impacts of the establishment of this Institute will be positive on our society and the Nigerian economy when fully operational which include:-

“Supervision and management of cash flows and its balances will be better managed and utilized. There would be better services from banks. Proper allocation of funds will be achieved. Fraud and embezzlement would be minimized. Risk of loss in management of investment in liquid assets will be eliminated and Firms would operate at the minimum cost of funds possible within the economy of their domicile.

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“We all know that with the above mentioned benefits, the economy will function better with adequate financial resources appropriately allocated and disbursed.

“Chartered Institute of Treasury Management is particularly important to the education sector because it will help ensure that finances allocated to the sector by government, civil society and nongovernmental organizations will be judiciously utilized for the achievement of the Ministry’s three focal areas of Access, Quality and Systems Strengthening and of course the timely attainment of the Ministry’s 10 Pillars of the Education for Change: A Ministerial Strategic Plan (MSP).

“At this juncture, it is my singular honour and pleasure to officially inaugurate the Council of the Chartered Institute of Treasury Management, Nigeria. Congratulations” the Minister noted.

Education

Court Strikes out NANS Suit against FG, ASUU

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The National Industrial Court,on Tuesday struck out a suit filed by the National Association of Nigerian Students (NANS) to compel the Federal Government and the Academic Staff Union of Universities (ASUU) to call off the ongoing strike.

The judge, Justice Polycarp Hamman in the ruling terminated further proceedings in the matter after it was withdrawn by the claimant, Umar Lawal.

From facts, Lawal had filed the suit which was mentioned on Sept.16, for himself and on behalf of NANS against the Minister of Education, ASUU and the Attorney-General of the Federation.

However, when the matter slated for hearing came up on Tuesday, Lawal notified the court that he had filed a motion for discontinuance.

He added that he premised his decision to withdraw the suit on account of the challenge by NANS which contested his position as its president in the affidavit he had deposed to.

After Lawal submitted his application, the court asked if Marshal Abubakar, counsel to ASUU had any objection, he informed the court that he was not opposed to Lawal’s application to withdraw the suit.

The other defendants were however, had no legal representation in court.( NAN)

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Education

ASUU Strike: FG Reverses it Decision To Re-open Varsities. 

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By Evelyn Terseer – Abuja 

The Federal Government has withdrew its circular which directed vice-chancellors, pro-chancellors and governing councils to re-open Federal Universities.

 Daily Asset reported earlier that a circular tagged NUC/ES/138/Vol.64/135 was addressed to all vice-chancellors; Pro-Chancellors and chairmen of governing councils of federal universities ordering them to re-open universities.

 

But in another circular tagged NUC/ES/138/Vol.64/136 which was also signed by the Director, finance and account of the NUC, Sam Onazi, the commission withdrew the order.

Though it did not explain why.

The letter tagged, “withdrawal of circular NUC/ES/138/Vol.64/135 dated 23rd September 2022” partly reads, “ I have been directed to withdraw the National Universities Commission (NUC) Circular Ref: NUC/ES/138/Vol.

64/135, and dated 23″ September 2022 on the above

subject. 

“Consequently, the said Circular stands

withdrawn. All Pro-Chancellors and Chairmen of Governing Councils, as well as Vice-Chancellors of Federal Universities are to please note. Further development and information would be communicated to all relevant stakeholders.

“Please accept the assurances of the Executive Secretary’s warmest regards”.

See also  NUC Upgrades Shehu Shagari College of Education, Sokoto to University
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Education

FG Commences Activities to Commemorate 2022 World Teachers Day.

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By Evelyn Terseer, Abuja. 

The Federal Government has commenced activities to Commemorate the  2022 World Teachers Day. 

The theme for the year 2022 WTD which is “The Transformation of Education Begins with Teachers” strongly stresses the importance of empowering teachers for the effective transformation of education to ensure quality teaching and learning as well as galvanise technological advancements to meet the ever changing needs for national growth and development.

According Mallam Adamu Adamu, the Ministry of Education started this year’s preparation with a call for nomination instruments, attached therein, to State Ministries of Education and Federal Unity Colleges nationwide for the objective selection of meritorious nominees.

 He added that the champions so selected would then compete for National Best School, Best Teacher and Best School Administrator in the Public, Private and Federal Unity Colleges categories.

 

The Minister further stated  that the national implementation of the New National Teaching Policy has commenced.

”It is a holistic package that will ultimately address the career path, remuneration, professional teaching standards, qualification, deployment and management of teachers”. 

Speaking at the conference, the National President of Nigerian Union of Teachers appreciated President Muhammadu Buhari for signing into law the “Harmonized Retirement Age for Teachers in Nigeria Bill”which provides for retirement of teachers on attainment of 65 years or 40 years of pensionable service. 

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