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NUC gives approval for 3 more Universities in Imo

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The National Universities Commission (NUC) has approved the establishment of additional three universities in Imo to address the challenges of admission in the country.

The universities are: University of Science and Technology, Omuna Isiako, University of Creative Technology, Umuna and the University of Medical Sciences, Ogboko.

News Agency of Nigeria (NAN) reports that with the additional three universities, Imo now have five universities, the only state with the highest number of universities in the country.

Prof. Abubakar Rasheed, Executive Secretary of the commission, while receiving the master plan, Academic brief and Environmental impact analysis from Gov. Rochas Okorocha of Imo on Tuesday in Abuja, said the universities would meet the needs of the country.

Rasheed noted that the commission would move into action on how to develop the curriculum for the universities to be allowed to commence operations in the university of creativity.

“On behalf of the NUC, I congratulate the Imo governor on his efforts in supporting university education in the country.

“By the provision of the law establishing NUC and by the power converged on me and having Imo House of Assembly to pass the law for the establishment of the universities, I hereby recognise the three universities.

“What will be left is due diligence of the NUC for the take-off programmes of the newly established universities.

“We will have to quickly work on how to develop the curriculum for the universities to be allowed to commence,” he said.

Earlier, Okorocha explained that the need to satisfy more candidates seeking for admission informed the establishment of the universities.

Okorocha noted that there was need for more manpower to handle the medicals, sciences and the creative sector of the country.

“The challenges of no admission for our children will be reduced with the establishment of the new universities.

“The support from NUC is encouraging public private participation in university education.

“As a state, we have made adequate plans in sustaining the university through enough funding to run the universities,” he said.

The governor, however, added that the state had made education a pivot point with which other sectors could thrive, hence the need for adequate funding of education.

“Education is a matter of priority. If Federal, State and Local Governments can prioritise education, then funding will not be a problem.

“The danger of not allowing children to go to school is enormous, in other words, this project has been on for the past five years.

“It is about the vision to give free education to the people. We should not be depending on the government for funding, we are ready to take up the funding of the universities,” he said.

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OONI LAUDS AREGBESOLA @ 63, CALLS HIM AN EPITOME OF LOYALTY

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Arole Oduduwa & Ooni of Ife, Ooni Adeyeye Enitan Ogunwusi, Ojaja II has described the Nigeria’s Minister of Interior, Ogbeni Rauf Aregbesola as a great icon of public service and epitome of loyalty that must always found worthy of celebrations.

Ooni Ogunwusi who doubles as the permanent chairman of Osun state council of Obas and Co-chairman of National Council of Traditional Rulers of Nigeria(NCTRN) spoke in a press statement released by his Director of Media & Public Affairs, Comrade Moses Olafare congratulating Ogbeni Aregbesola on his 63rd birthday.

“Congratulations from The Arole Oodua Olofin Adimula, Ooni Adeyeye Enitan Ogunwusi to the Minister of Interior, Federal Republic of Nigeria, His Excellency, Ogbeni Adesoji Rauf Aregbesola on his 63rd Birthday Anniversary.

The statement reads; “Ogbeni Aregbesola as a comrade, you started with student’s right activism over four decades ago. As a proponent of democratic rule, you in the 90s participated in the several pro-June 12 struggles which led to the enthronement of civil rule in 1999.

“You have since 1999 lived for the people through your sterling public service performances, first as Commissioner For Works and Infrastructure in Lagos state from 1999 to 2006, followed by your emergence as Governor of the state Osun from 2010 to 2018 and your current position as Minister of the Federal Republic of Nigeria in charge of Interior through which you oversee very sensitive sections of Nigeria’s internal security like Immigration, Civil Defense, Fire service, Correctional service among other responsibilities.

“RAUF, you are indeed a great descendant of Oduduwa and a Nigerian patriot with incorruptible Pan Africanism for which you are always worthy to be celebrated. You are an Omoluwabi per excellence, a down-to-earth grassroot politician with incredibly huge followership, a great promoter of our cultural values and heritage, an icon of people oriented public service and an epitome of loyalty.”

Ooni, the foremost African monarch and Yoruba’s Natural leader prayed for good heath and longevity for Aregbesola who is the immediate past of the state of Osun.

“My dear Ogbeni, may the Almighty Olodumare keep upholding your entire household as you gloriously clock 63 today.

“We also pray the rest of your journey on this earth shall be characterized by sound health, meaningful long life and immeasurable prosperity.

Igba odun odun kan

Afon a gbo ko to wo

Happy 63rd Birthday!!!” Ooni prayed.

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EID-EL FITRI: OONI CONGRATULATES MUSLIMS, SAYS THERE IS ALWAYS A REASON TO CELEBRATE

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The Arole Oduduwa & Ooni of Ife, Ooni Adeyeye Enitan Ogunwusi Ojaja II has congratulated Muslims in Nigeria and across the world especially those of Yoruba origin as the holy month of Ramadan comes to an end with the annual Eid-el Fitri celebration.

In a statement by his Director of Media and Public Affairs, Comrade Moses Olafare, the Ooni who is the Co-Chairman, National Council of Traditional Rulers explained that there are reasons to celebrate and thank the Almighty Allah for His goodness and mercies in every situations.

“Celebration here is not the conventional merriment of social gathering as we all know that there is an order against that especially in this situation we are all face with globally. The Ooni says we should celebrate in our various homes with our families by remembering Allah and why we should not give up in our hope of a better tomorrow.

“God in His infinite mercy shall accept our fasting and prayers including those we said against the rampaging coronavirus and other enemies of humanity. We’ve been through a lot together and we can’t but be grateful to God for keeping us.

“Although it is regrettable to realize that we cannot gather like before especially for the annual congregational prayers but we must make the best out of what we have while we hope and pray to be part of the brighter future.” The Ooni said.

In the same vein, the Natural leader of the Oduduwa race worldwide urged Nigerians to keep supporting the government in the fight against COVID-19 pandemic by observing the laid down precautionary measures including maintenance of social distancing, personal hygiene, regular hand washing and others.

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African Guarantee Fund Announces Response to Economic Impact of COVID-19

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African Guarantee Fund  for Small and Medium-sized Enterprises (AGF), has today announced its COVID-19 response aimed at reducing the uncertainties facing financial institutions in Africa as a result of the global coronavirus pandemic. AGF’s COVID-19 response is built on the imperative need for commercial solutions over and above the regulatory efforts already provided by the various central banks and governments in the continent.

African Guarantee Fund’s response sets the platform for economic stabilization, followed by an economic revival through AGF’s newly developed COVID-19 Guarantee Facility that will, firstly, provide more comfort to financial institutions to restructure facilities that become non-performing because of COVID-19 and, secondly, provide commercial stimulus to the financial sector with the aim of mitigating the deterioration of SMEs’ perceived risk.

Commenting on the announcement, AGF CEO, Mr. Felix Bikpo said, “The consequences of COVID-19 pandemic will continue to have escalating negative effects on SMEs in Africa both on the supply and demand sides. Consequently, we must assume that there follows a deterioration of these SMEs’ creditworthiness. This is likely to increase the cost of credit for the financial sector which will surely increase their reluctance to finance the SME sector if there is no external stimulus. It is because of this that we must develop a commercial response in addition to the regulatory responses given by the different central banks and governments in the continent. Therefore, in line with our mandate we have launched the COVID-19 Guarantee Facility.”

AGF will also continue to use its technical assistance support to increase the capacity of financial institutions in their risk assessment of SMEs during the crisis period. This will allow analyzing the impact of the pandemic on the financial institutions, so as to forge the best possible responses to adapt effectively.

The African Guarantee Fund recently received a third time AA- Rating by Fitch, which was first assigned in November 2017, a first for a guarantee fund in Africa.

“This exceptional rating is a sign of confidence and trust in AGF’s operational excellence, particularly now that financial institutions are in need of cushioning to continue lending to SMEs, who hold the key to the economic recovery of their respective countries,” concluded AGF CEO, Mr. Felix Bikpo.

Since inception, AGF has boosted SME lending in Africa by issuing guarantees to financial institutions thereby unlocking loans worth USD 2.5 Billion.

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