Sokoto Govt, Army To Establish 2 New Schools

Sokoto state government and the Nigerian Army have teamed up to establish two new schools in Sokoto town and Shagari local government area.

While one of the schools, a primary, will have boarding facilities that will cater for children aged between five to 12 years, the other, a secondary school, will be for day students and will be sited at the Giginya Barracks, Sokoto.

A press statement issued in Sokoto Sunday signed by the state Commissioner of Basic and Secondary Education, Dr. Jabbi Kilgore, said the partnership with the military authorities will expand access to education for military personnel and their families, while at the same time giving opportunity for citizens in local communities to tap from military’s expertise in school management.


“The partnership provides that the state government will provide land and requisite infrastructure while the Nigerian Army will provide personnel and teaching facilities.

“This is a beginning of a relationship which we hope to expand in the future. Both sides are happy with preparations for the take off of the schools. We are confident it will benefit our citizens going forward,” the statement added.

Meanwhile, Governor Aminu Waziri Tambuwal has approved the upward review of feeding allowance for boarding school students in Sokoto state.

“Due to current inflation in prices of food stuff in the market, Governor Aminu Waziri Tambuwal has approved increase in feeding allowance of boarding students in public schools from N70 to N140 per student per day,” Dr. Kilgore, said in another statement issued in Sokoto.

The commissioner urged contractors handling supplies to schools to ensure prompt delivery in accordance with stipulated guidelines.

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Recession Wahala: Dangote’s workers strike over months of unpaid salary

The recession in the Nigerian economy has not spared anyone as the richest man is estimated to have lost tens of millions of Dollars already. According to PM News, the company which produces Dansa juice and other goods, it was learnt, has laid off more than half of the workforce following dwindling sales and high […]

The post Recession Wahala: Dangote’s workers strike over months of unpaid salary appeared first on Amala.

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Recession: Dangote sacks 36 expatriates, 12 Nigerians

Akinpelu Dada and  Samuel Awoyinfa

The current recession rocking the Nigerian economy has hit one of the biggest employers of labour in the country outside of the government as the Dangote Group, belonging to Africa’s richest man, Aliko Dangote, has fired 48 members of staff.

Our correspondents gathered that those sacked were made up of 36 expatriate and 12 Nigerian workers from the group’s headquarters and one of the subsidiaries, Dangote Cement Plc.

Though no official of the group was willing to speak on the matter on Sunday, one of our correspondents gathered from highly placed sources that the decision to sack the workers was not unconnected with the current high cost of running business in the country occasioned by the unavailability of foreign exchange and the unprecedented hike in the naira to dollar exchange rate.

It was further gathered that the huge amounts in foreign currencies being paid to the expatriate workers had become a burden on Dangote due to the steady depreciation in the value of the naira and the difficulties of raising enough dollars.

Consequently, the industrialist, according to sources, has decided to replace the expatriates with Nigerians, who have acquired the requisite experience on the job, as paying them in naira will be less problematic.

For the affected Nigerians, it was gathered that most of them had disciplinary issues, which made it easy for the group to do away with their services.

When contacted on Sunday, the Group Head, Corporate Communications, Dangote Group, Tony Chiejina, said he could not speak on the development.

However, in a letter signed by the President/Chief Executive Officer, Dangote Group, Aliko Dangote, dated Thursday, October 20, 2016,the firm stated that it was constrained to take the “tough” decision as economic factors had affected the cost of production.

The letter, which was titled: ‘Recent Retirement Exercise’, however, appreciated those affected for their contributions to the growth of the group.

The letter read in part, “This year has been a very challenging year for us as a business. The unavailability of foreign exchange coupled with an unprecedented hike in the exchange rate has resulted in increased costs across the organisation.

“This called for a proper review and adjustment of our costs across board to ensure efficiency and effectiveness in the deployment of our factors of production in a bid to eliminate redundancies that we know exist, which resulted in some tough decisions, which means losing staff, including some of our colleagues.

“On Friday, October 14, 2016, we began the process of staff cutbacks as it is imperative to review our human capital deployment for the required cutbacks that would ensure efficiency and eliminate redundancies in the allocation of human resources.

“This first phase of this exercise involved the cutback of 36 expatriate staff across the Dangote Cement Plc and Dangote Industries Limited, and 12 local staff members in Dangote Industries Limited.”

As an organisation with international operations, the group promised that it would continue to review and restructure its human capital deployment to ensure “optimal allocation of skill sets and size of the workforce each function requires.”

The group urged the workers to shun lateness, improper dressing and other unsavoury behaviours in the workplace.

Bloomberg had in its latest ‘Billionaire Index’ reported that Dangote had lost $5.4bn of his fortune this year due to the fall in the value of the naira and the decision of the Central Bank of Nigeria to ration dollars to stem huge capital outflows in the wake of Nigeria’s worst economic crisis.

Dangote had recently urged the Federal Government to sell off the Nigerian Liquefied Natural Gas Company and other dormant but huge capital-generating enterprises and reinvest the proceeds in the economy to bring the country out of the current economic recession before the end of the fourth quarter.

Dansa Foods Nigeria Limited, which claims to be a member of the Dangote Group, has reportedly been unable to pay its workers for the past six months.

The company is being run by Alhaji Sani Dangote, a brother of Aliko, who is the Executive Chairman, with Aliko’s shares embedded in the firm.

Multiple sources in the Dangote Group claimed that Dansa Foods was not part of the group but was an independent company owned and run by Aliko’s brother.

However, in a statement announcing its participation at the just concluded Lagos International Trade Fair, the group listed some of its subsidiaries as Dangote Sugar Refinery, Dangote Agrosacks, NASCON Allied Industries Plc (Dangote Salt), Dangote Rice Limited, Dangote Cement Plc and Dansa Foods Limited.

It was reported that the company, which produces Dansa Juice and other goods, had laid off more than half of the workforce following dwindling sales and high cost of production caused by high exchange rate of the naira.

It was gathered that the company had suspended the production of Dansa Juice and other products, and was only producing Mowa Bottle Water.

As a result, the workers have reportedly embarked on a strike to press home their demand.

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The post Recession: Dangote sacks 36 expatriates, 12 Nigerians appeared first on Punch Newspapers.

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From Abuja to Johannesburg, here are the top photos from the past week

Wearing dapper suits from the premium brand by the Okunoren twins, Davido was shot by the talented TY Bello for the front page of ThisDay Style. Dapper, playful and the TY signature diamond glint in the eyes made us fall in love with the star all over again. Bayo Omoboriowo warmed our hearts with striking […]

This post From Abuja to Johannesburg, here are the top photos from the past week appeared first on YNaija.

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Meet the winners of the 2016 African FinTech Awards


Six startups have emerged winners at the 2016 African FinTech Awards (AFTA) that took place this month in Johannesburg, South Africa.

AFTA celebrates innovators that shape the future of finance, and acknowledges the work these companies do to make a difference. This year’s nominees – the African Fintech 100 –  were chosen by experts, stakeholders and investors from all over the world.

This number was then whittled down to three startups for each of the six categories. The 18 startups selected were then given seven minutes to pitch their ideas to a panel of judges comprising of industry experts.

The winners of the 2016 African FinTech Awards are:

Easy Equities emerged the overall winner of all the categories and was named African Fintech Company of the Year 2016.

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JAMB proposes to stop setting cut-off marks for universities, polytechnics, others

Ishaq Oloyede

“We shall continue to evolve and come up with innovations that will take us to the next level,” the Registrar said.

The post JAMB proposes to stop setting cut-off marks for universities, polytechnics, others appeared first on Premium Times Nigeria.

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