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Finance Ministry gets new Perm Sec

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By Matthew Denis

Mrs. Lydia Shehu Jafiya has taken over officially as the new permanent Secretary of Federal Ministry of Finance commencing today (Tuesday).

The Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, while welcoming the new Permanent Secretary of Finance said, “The ceremony is a family event, one family and one Ministry, assures of working as a team”.

The Minister further advised that work in the Ministry should continue in the spirit of fellowship, common purpose, brotherly love, sisterly love and most importantly communal efforts, adding that “when we work and continue along those principles, we will achieve much.”

Edun, “There are lots of expectations bestowed on us and it is up to us to live up to those expectations.”

The new Permanent Secretary Finance, Mrs. Lydia Shehu Jafiya during her remarks, said “The pleasure is mine to be welcomed to Federal Ministry of Finance as the Permanent Secretary Finance, disclosing that her deployment by the Head of Service of the Federation, Dr. Folasade Yemi-Esan after President Bola Ahmed Tinubu’s approval to the Federal Ministry of Finance is to join the Honourable Minister of Finance and Co-Ordinating Minister of the Economy, Wale Edun, to execute the Ministerial Performance Bond of the Presidential Priorities and deliverables signed with President Bola Ahmed Tinubu during the Presidential Retreat.”

She stated that Federal Ministry of Finance has a rich history of high performance in the management of the National Economy and with the Honourable Minister of Finance and Co-ordinating Minister of the Economy who is also saddled with the role of coordinating the Nation’s Economy, we need to do more.

She added , “We shall all work together to align the activities of this Ministry with the Six (6) Pillars of the Federal Civil Service Strategy and Implementation Plans 2021 – 2025 (FCSSIP25) for high impact performance”.

That according to Jafiya will entail strong commitment to the full actualization of the Digitization Policy of the Federal Government (i.e. the Enterprise Content Management System), Human Resource Management component of the IPPIS, Capacity Building /Talent Management, Performance Management System (to replace the old Aper form assessment method), Innovation and Staff Welfare where reward and recognition will be given attention.

Jafiya further promised, “For me as your Permanent Secretary Finance, I will welcome suggestions and advice on how to move the Ministry forward as we constructively engage with other strategic partners and critical stakeholders locally and internationally towards fulfilling the mandate of the Renewed Hope agenda.”

While sincerely thanking the Permanent Secretary Special Duties Federal Ministry of Finance, Mr. Okokon Udo, who has been holding – forth since the retirement of her predecessor, Aliyu Ahmed, she emphasized, “We have to work together as a team and in strict adherence with code of ethics and extant rules/regulations in the conduct of government business.”

Earlier the Permanent Secretary Special Duties Federal Ministry of Finance, Mr. Okokon Udo, in his welcome address said today’s handing over is just a formality, that the Permanent Secretary Finance had already resumed duty since but the office chose to do the official handing over ceremony today.

Udo while assuring the new Permanent Secretary Finance of his support and cooperation, said she needed not to be tensed about the Ministry that it was a familiar terrain.

He also thanked the Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, for the fatherly role he has been playing and for being so inspirational in taken decisions to ensure things are on the right path and for
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Mushin LG Chairman flags off construction of Yusuf Street road, promises solar lighting

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The Mushin Local Government Chairman, Hon. Emmanuel Bamigboye on Wednesday flagged off the construction of Yusuf Street road in Papa Ajao.

The project is expected to bring relief to residents and traders in the area and is set to be completed within six months.

According to Bamigboye, the project is a fulfillment of his campaign promise to the people of Mushin, and he expressed gratitude to God for the opportunity to execute the project.

He urged residents to cooperate with the contractor and the local government to ensure the successful completion of the project.

The councillor representing the ward, Ayomide Abioye, expressed his joy and appreciation for the project, stating that it is the longest street in Papa Ajao and will bring immense benefit to the community.

Also, the Baba Oloja of Ladipo International Market, Eze Monday, also commended the Executive Chairman for the project, stating that it will make a significant impact on the development of the area.

The project includes the construction of the road and the installation of solar lighting, which is expected to enhance security and facilitate economic activities in the area.

Residents and traders in the area have been warned not to disturb the contractor or disrupt the project in any way.

Meanwhile, the traders applauded Hon. Bamigboye for demonstrating its commitment to infrastructural development and the welfare of its citizens.

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Giving back to community — Prof Oyedokun speaks on motives

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Lead Facilitator Professor of Accounting & Financial Development Founder OGE, Prof. Godwin Emmanuel Oyedokun, has disclosed that giving back to society community is his motive for pursuing his career.

He made the disclosure in an article titled “My motive for running a free professional diploma course in Forensic Accounting and Fraud Investigation is of several folds.”

He said, “Running a free professional diploma course in forensic accounting and fraud investigation is also motivated by my desire to give back to the community.

“By sharing my expertise and knowledge without any financial barriers, I am helping individuals from diverse backgrounds and financial situations to acquire valuable skills and advance their careers.”

The academic reiterated that the motive for running a free professional diploma course in forensic accounting and fraud investigation is centred around education, skill development, community service, and professional growth.

It is a way to contribute to the accounting profession, address a skill gap, and empower individuals in their pursuit of knowledge and career advancement.

According to him, “Promoting Education and Professional Development to contribute to the growth and development of the accounting profession by providing individuals with an opportunity to enhance their knowledge and skills in the specialised field of forensic accounting and fraud investigation.

“By offering this free course, i am enabling aspiring professionals to access valuable education that might otherwise be costly or inaccessible.”

The Don addressing the need for expertise in Forensic Accounting said, “In recent years, there has been an increasing demand for professionals skilled in forensic accounting and fraud investigation due to the rise in financial crimes and fraudulent activities. By offering this free course, I am helping to address this skill gap and aiding in the fight against financial fraud.”

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Airport tolls: Nigeria lost billions under old rules — Keyamo

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The Minister of Aviation and Aerospace Development, Festus Keyamo, has revealed that the Federal Government lost 82 percent which is equivalent to N10 billion in revenue that ought to accrue from airport tollgates under old rules.

Keyamo revealed this to State House correspondents during the week at the end of a two-day meeting of the Federal Executive Council.

The minister lamented that the ministry accumulated 82 percent in the negative from the complimentary e-tags printed by the ministry, noting that 82 percent of the e-tags are given free of charge to VIPs.

He stated, “Let me give you the shocking statistics. The negative figure that we get at the end of the day from the complimentary e-tags is 82 percent, in the negative.

“In other words, where we are supposed to have a 100 per cent contract on the e-costs from these e-tags that we print, it is only 18 per cent that we now end up selling. That is how bad it is. 18 per cent and 82 per cent of these e-tags are given out free of charge to VIPs. So, imagine the loss in my sector, and I ask myself,Which other sector will I go to that they give me anything free?’

“Is it because I’m a VIP that you say that in FCT, I should not pay land charges that you waive it for me? I pay for that sector. I pay for power. Yes, I pay for everything. So, why would anybody now come to my own sector and want to get free passage? Not possible. That is how bad it is.”

He added that free e-tags to the VIPs had in the past led to the loss of billions of naira

“So this has led in the past to loss of billions of naira, not millions, annually. Yet, our airport infrastructure, you know, is decaying. I am helpless. I’m looking for concessionaires. I’m looking for help with decaying infrastructure.

“They will be the first to cry out, these same VIPs – ‘why are the toilets like this? Why are your toilets smelling? Why can’t you do this?’ They are the same people, but they don’t pay for the services. So, if we want improved infrastructure at the airport, we must pay for services,” he said.

The minister lamented that due to the policy of exemption, the ministry makes only about N100 million instead of making about N260 million from a particular airport gate every month.

“I’ll give you another example. In one of the access gates, based on the count of the barrier going up and down, we are supposed to be making N250m or 260 million from that gate every month. That gate, because of exemptions, the return to us is less than N100 million every month,” he added.

To end the loss, the FEC decided that the president, vice president, and other top government functionaries would start paying access fees or the e-tag at all 24 federal airports across the country.

Prior to this development, the president, vice president, and some government officials were exempted from paying access fees at the airports’ gates.

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