Politics
Nigerian Banks Mobilize $20 Million To Tackle Skills Gap Amid Mass Exodus Of Trained Workers (Details)
As the Nigerian banking sector grapples with a significant departure of skilled workers seeking opportunities abroad, operators are rallying to raise a $20 million fund aimed at replenishing the technical skills deficit. The “japa” syndrome, characterized by the mass emigration of experienced professionals, particularly in critical areas like information and communication technology, has posed challenges for the industry, leading to increased failed transactions and cybersecurity threats….CONTINUE READING....KINDLY READ THE FULL STORY HERE▶

The President of the Chartered Institute of Bankers of Nigeria, Ken Opara, reported that the industry is witnessing an exodus of tech talents, impacting execution capabilities and creating gaps in essential sectors. To address this issue, banks are collaboratively establishing a Human Capacity Retention Fund of $20 million. The fund aims to attract and retain skilled workers, foster human capital development, and establish a banking school to train and retool the workforce.
Despite challenges, the Nigerian tech industry achieved significant milestones in 2022, including the launch of the 5G network, the Nigeria Start-Up Act, Equiano cable, Payment Service Banks, and increased broadband penetration. The ongoing loss of tech talents, however, calls for strategic interventions from both the government and the private sector to sustain growth and build a robust digital economy.
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Don’t Burn Tyres On New Roads — FERMA Begs Abia Residents.
The Federal Road Maintenance Agency (FERMA) has appealed to residents of Abia State and other road users along the Aba–Azumini highway to protect the newly completed road from activities that could damage it.....KINDLY READ THE FULL STORY HERE▶
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Ndume Condemns Killing Of Soldiers, Civilians In Deadly Borno Attack.
Senator representing Borno South, Ali Ndume, has condemned the killing of six soldiers and several civilians in a Boko Haram attack on Mussa village in Askira Uba Local Government Area of Borno State.....KINDLY READ THE FULL STORY HERE▶
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Who Will Pay This Debt? — Expert Reacts as Nigeria’s Public Debt Hits ₦159 Trillion.
Financial expert Paul Alaje has warned that Nigeria’s rising debt burden will not only affect current citizens but also future generations.....KINDLY READ THE FULL STORY HERE▶
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