NACCIMA to address dearth of technical personnel

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Worried by the declining vocational studies and technical education with the attendant dearth of technical personnel needed in key productive sectors of the economy, the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, has announced plans to hold a national education summit soon.

Eid-el-Kabir: Osun govt. offers free train service

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Osun State Government is to provide a free train service for its people during the Eid-el-Kabir celebration, according to the Commissioner for Commerce and Cooperatives, Mr. Ismail Alagbada.

He said in a statement on Monday in Osogbo that the free service would be offered between Wednesday and October 28.

Alagbada said the train would by 9a.m convey people from Lagos to Osogbo on Wednesday and Thursday, the News Agency of Nigeria reports.

The return journey to Lagos would start by 10a.m on October 27 and October 28, the commissioner added.

According to him, the gesture is aimed at facilitating stress-free homecoming for the people during the Muslim festival.

The state government had made similar arrangements for people of the state in 2011.

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Source : punchng[dot]com

Nigeria’s debt profile unsustainable – LCCI

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The Lagos Chamber of Commerce and Industry has described Nigeria’s debt profile of $44 billion as a cog in the wheel of  economic growth.
The President of LCCI, Mr. Goodie Ibru, made the observation during an interview with the News Agency of Nigeria on the sideline of the chamber’s third quarter press briefing in Lagos.
Ibru said the high debt profile was unsustainable, taking into account the current debt service ratio of 20 per cent of the national budget.
“The current debt service provision in the 2013 budget is N592 billion and the domestic debts stand at $38 billion (N5700 trillion).
“This is not good for the economy,’’ he said.