Economy
FG reaffirms support for PLWD
The Minister of State for Industry, Trade and Investment, Amb. Mariam Katagum, has reaffirmed the commitment of the Federal Government to support People Living with Disabilities in the country.
This is contained in a statement issued by the Assistant Director, Information in the Ministry, Mrs Oluwakemi Ogunmakinwa, on Wednesday in Abuja.
Katagum disclosed this when she received a delegation from the Network of the Disabled Women, led by the National Secretary, Mary Musa, in her office.
The Minister said the President Muhammadu Buhari- led administration was passionate about the well-being of people with disabilities.
She said this led to the creation of the National Commission for Persons with Disabilities.
She stated that the aim was to address their various challenges and mainstream them for better inclusion in the policies and programmes of Government.
Katagum further explained that a lot was being done by the Federal government to support people with disabilities, citing the allocation of five per cent in every track of the MSMEs Survival Fund.
This, according to the Minister was meant to cushion the effect of COVID-19 on MSMEs to people living with disabilities.
She also noted that the Federal Executive Council ensures that every memorandum on new office building accommodates relevant structures to serve people living with disabilities.
The Minister also made it known that her Ministry has a Gender Unit that deals with issues relating to women, especially in business and trade, with due consideration to women living with disabilities.
She urged the delegation to leverage on the training opportunities that abound in the Ministry through its parastatals such as Industrial Training Fund (ITF), and Small and Medium Enterprises Development Agency of Nigeria (SMEDAN).
She also noted that the ITF has about 60 vocational skills training with certification and starter packs.
The Minister acknowledged efforts of the Network and advised that a lot of advocacy programmes should be carried out among their various groups, in order to tap into various government’s policies and programmes.
Earlier, the National Secretary, Network of the Disabled Women and leader of the delegation, Mary Musa said that their visit was to introduce the organisation and seek for collaboration with the Ministry.
She said this is particularly in areas of mainstreaming into developmental programmes, training in business and trade opportunities, among others.
The Deputy Director, Gender Unit in the Ministry, Mrs Achinam Fidel, acknowledged the willingness of the Network to be involved in the Ministry’s programmes and expressed the readiness of the Ministry to work with the organisation. (NAN)
The Nigerian Exchange Ltd. (NGX) continued its bullish trend on Wednesday, gaining N183 billion.
Accordingly, the market capitalisation, which opened at N59.532 trillion, gained N184 billion or 0.31 per cent to close at N59.715 trillion.
The All-Share Index also added 0.31 per cent or 303 points, to settle at 98,509.
68, against 98,206. 97 recorded on Tuesday.Consequently, the Year-To-Date (YTD) return increased to 31.
74 per cent.Gains in Aradel Holdings, Zenith Bank, United Bank For Africa(UBA), Oando Plc, Nigerian Breweries among other advanced equities drove the market performance up.
Market breadth closed positive with 34 gainers and 17 losers.
On the gainers’ chart, Africa Prudential, Conoil and RT Briscoe led by 10 per cent each to close at N14.30, N352 and N2.42 per share, respectively.
Golden Guinea Breweries followed by 9.95 per cent to close at N7.18, while NEM Insurance rose by 9.74 per cent to close at N10.70 per share.
On the other hand, Julius Berger led the losers’ chart by 10 per cent to close at N155.25, Secure Electronic Technology Plc trailed by 9.52 per cent to close at 57k per share.
Multiverse lost 7.63 per cent to close at N5.45, Haldane McCall dropped 6.07 per cent to close at N4.95 and Honeywell Flour shed 5.62 per cent to close at N4.70 per share.
Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 49.44 per cent.
A total of 320.10 million shares valued at N6.48 billion were exchanged in 7,943 deals, compared with 939.41 million shares valued at N12.81billion traded in 9,098 deals posted in the previous session.
Meanwhile, ETranzact led the activity chart in volume with 70.27 million shares, while Aradel led in value of deals worth N1.22 billion.(NAN)
The central parity rate of the Chinese currency renminbi, or the Yuan, weakened 22 pips to 7.1870 against the dollar on Monday.This is according to the China Foreign Exchange Trade System.In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.
The central parity rate of the Yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. (Xinhua/NAN)
Arewa Youths Initiative for Energy Reforms (AYIFER), has urged Nigeria National Petroleum Corporation Limited (NNPCL) to do everything possible to bring Kaduna Refinery back into operation.
National Coordinator of the group, Mr Bashir Al’Amin, stated this in a statement issued on Friday in Abuja.
Al’Amin specifically called on the Chief Executive Officer of NNPCL, Mallam Mele Kyari, to do all within his powers to rejuvenate the refinery and bring it up to global standard.
He said that having delivered the Port Harcourt refinery, coupled with the establishment of Dangote Refinery in Lagos, attention should be shifted to Kaduna refinery for easy spread of petroleum products.
“We are calling on Malam Mele Kyari to expedite action on Kaduna refinery so we can be at par with other regions in the country.
“We equally beg the NNPCL to do professional work in rehabilitating the old refinery and deliver a standard and functional petrochemical refinery and not a blending plant.
“Kyari should resist any temptation that could make him do something that can jeopardise his good image,” he said.
Al’Amin said that since the extinction of groundnut pyramid and textiles in Kano State as well as PAN in Kaduna State and with the Kaduna refinery getting moribund, a lot of youths had lost their jobs.
According to him, all their hopes in the north are tied to the legacy refinery, expressing the hope that God would use Kyari to deliver it well and on time.
He said that the group was solidly behind NNPCL in prayer and would be ready to celebrate the company if its expectations were met. (NAN)
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