fbpx
Connect with us

Economy

Arik Airline sacks 300 workers

Published

on

Arik Airline sacks 300 workers

Arik Airline sacks 300 workers

Arik Airline sacks 300 workers

The management of the airline disclosed this in a statement released today Friday, December 4. The management hinged its decision to sack the workers on the economic impact of the COVID-19 pandemic on its operations.

The press statement titled, “Arik Air management declares 300 staff redundant”, reads in part

“Arising from the devastating impact of the COVID-19 pandemic, leading to the constrained ability of the airline to complete heavy maintenance activities and return its planes to operations, stunted revenues against increasing operational costs, the management of Arik Air (In Receivership) has declared 300 staff members redundant to its current level of operations.

“The leadership of the impacted unions has been contacted to negotiate a redundancy package for the affected staff.”

Gistflash gathered that Passengers are already stranded the airport with the flight fully booked and no one to attend to them

Comments
Please follow and like us:
Advertisement
Click to comment

Leave a Reply

Economy

Africa to save $5bn annually through payment, settlement platform- AfCFTA Sec-Gen

Published

on

By Gistflash News

July 9, 2021

Africa Continental Free Trade Area (AfCFTA) said that the launch of the Pan-African Payments and Settlements System (PAPSS) would save the continent an estimated five billion dollars annually.

Mr Wamkele Mene, AfCFTA Secretary General, who revealed this at the 2nd edition of the AfCFTA secretariat quarterly press briefing on Friday, said this would be from the accruals from conversions to dollars.

He said that PAPSS, created in collaboration with the African Export-Import Bank (Afriexim bank), would address the currency conversion challenges for participating countries.

PAPSS is a centralised payment and settlement system created to serve the purpose of low cost and risk controlled payment clearing and settlement system under intra-African trade.

He said that six countries had been set up for the pilot scheme, some of which include; Nigeria, Ghana and Sierra Leone.

Mene projected that by the end of 2021, the secretariat would be in a position to reveal the platform availability for all countries to switch.

“There is an objective that one day, Africa would be a monetary union.

“Converting the about 42 currencies in Africa with its attendant cost of over five billion dollars yearly is a whole lot and so we want to reduce and eliminate this for the purpose of trading.

“Local banks would be able to switch to the platform as we are in consultation with the central banks and by the end of the year, we would be in a position to say the platform is available for all African countries that want to switch to it.

“Afriexim bank has invested over one billion dollars and it is a strong signal that the AfCFTA would work.

“If you run a Small and Medium Enterprise (SME) and you have to use a foreign platform for transaction, it is constraining and costly.

“With this system of payments, we would be able to enhance the effectiveness and competitiveness of SME as it addresses the constraints and costs associated with trade,” he said.

Mene also noted that the Rules of Origin mechanism of trade was at 86 per cent completion, even though the secretariat was gearing for 90 per cent completion before application.

Mene also stated that sensitisation and advocacy campaigns on the intricacies of the AfCFTA were a shared responsibility between participating states and the AfCFTA secretariat.

He revealed that an Africa business forum for the whole continent would be hosted later in the year to raise additional awareness.

This, Mene, said would also serve as a complementary step to what the various participating countries’ governments were already doing nationally on sensitisation.

“It is very important that the private sector is aware that there are export opportunities that this market creates and how they can maximally benefit from it.

“In all my visits to various participating countries, I have met with the private sector as a way to inform and incorporate them into what the AfCFTA is about,” he said.

NAN

Comments
Please follow and like us:
Continue Reading

Economy

Over 750,000 persons embrace family planning in Taraba – TCI

Published

on

By Gistflash News

July 8, 2021

The Taraba  Director of The Challenge Initiative (TCI), Dr Sarki Othman, has disclosed that over 750,000 new persons have embraced family planning in the state in the last three years.
Othman disclosed this in Jalingo on Thursday during a media roundtable  on sustaining and advancing the gains of family planning in Taraba.
He said  the achievement was made possible through deliberate efforts at sensitisation and enlightenment carried out during the period, but noted that a lot more needed to be done.
`’Let me commend  members of the press for the good work you are doing in enlightening the people on the positive impact of family planning.
`’Through your joint efforts with other partners, we have recorded tremendous improvement in the number of new acceptors of family planning in the state.
“Of course you know that the services are basically free but most people were reluctant to access the services due to certain misconceptions. These have been largely corrected.
`’We hope to continue our advocacies to ensure reasonable budgetary allocations and disbursement to the cause.
“We encourage opinion leaders to continue to enlighten the people so that this project is sustained beyond the stay of the TCI and other partners in the state,” the director said.
He explained that based on the baseline survey carried out in the state in 2015, 5.6 per cent was the prevalence usage of modern contraceptives.
According to him, by 2018 the use of the commodity had risen to more than 8.6 per cent.
He said said emphasis had continued to be laid on women of reproductive age and sensitising teenagers on life planning.
The News Agency of Nigeria (NAN) reports that the  meeting is the second media roundtable toward advancing family planning in the state under the TCI which will be rounding up the project in the eight pilot local government areas of Taraba in 2021.
The pilot local government areas are: Jalingo, Ardo-Kola, Gassol, Gashaka, Wukari, Sardauna, Zing and Bali.
NAN

Comments
Please follow and like us:
Continue Reading

Economy

Proffer solutions to urban housing deficit, Fashola urges FHA board

Published

on

By Gistflash News

July 8, 2021

The Minister of Works and Housing, Mr Babatunde Fashola has called on the newly inaugurated board of the Federal Housing Authority (FHA) to proffer solutions to urban housing deficit in the country.

The minister made this call to the members, while inaugurating the board on Thursday in Abuja.

“It is not true that the country has 23 million housing deficit, rather it is a case of many empty and locked up houses across the country.

“The talk that Nigeria has 23 million housing deficit is a lie. We have no scientific or logical basis. The housing problem is an urban problem let’s be honest about it.

“Many of the people who are renting houses in the cities have big empty houses in their villages so let’s understand this. In the urban centres, whether it’s Lagos, Port harcourt, Owerri, Kaduna, Kano, Ibadan there are empty unoccupied houses.

“So one of the things you need to begin to do is to rethink and understand how to solve that problem, how do we bring those empty and locked houses to light.

“Because if there are empty houses that people are not living in, does it make sense to say there is a deficit? And there is no city in this country where you won’t see an empty house.

“So don’t be locked by the definition of the past, reappraise the situation with your own understanding, professionalism your own understanding and let us benefit from your experience,’’ he said.

Fashola stressed that one of the key things that the Buhari administration wanted was to use infrastructure as a way of rebuilding and expanding the Nigerian economy.

The minister said that the government also wanted to build a globally competitive economy by investing in the people by access to affordable housing, financial inclusion and generally a better way of life for citizens.

Fashola therefore urged the board members to quickly acquaint themselves of the Act that set up the board in order to carry out their responsibilities in guiding the agency.

“So I would want you to situate your contributions to this board around the parameters of what the government wants to achieve. Essentially your role will be as defined by the law of the Federal Housing Authority Act.

“I urge you to quickly acquaint yourselves with your duties and responsibilities in that Act but largely you will be the thinking mind and conscience of the management.

“So please familiarise yourself with the act that empowers you to sit on this board.’’

Responding, the Chairman of the newly inaugurated board, Mr Lawal Shuaibu appreciated the minister and the government for finding him and his colleagues worthy of the appointment.

Lawal assured the minister that they would give their utmost best given the composition of the members, “you have a machine to move the FHA forward’’.

Present at the inauguration are the Minister of State of Works and Housing, Mr Abubakar Aliyu, the Permanent Secretary FMWH Mr Babangida Hussaini who is also a member of the 12-man board.

Among members are Mrs Chinere Omokoro, Mrs Olajumoke Akinwunmi, Mr Adamu Mayadafe.

NAN

Comments
Please follow and like us:
Continue Reading

LET’S REVAMP YOUR BUSINESS

Let’s keep you updated

Advertisement

Page Views

  • 237,502 hits

HOW TO BUY FOLLOWERS FOR ALL YOUR SOCIAL MEDIA ACCOUNTS

get post notifications

Get new posts by email

Gorgeous Bride rocking one of Beyonce’s Hit song

Most Viewed Posts

Trending

error

We know you enjoy our storylines. Please spread the word to your friends :)

%d bloggers like this:
Enable Notifications    OK No thanks