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Tag: job

  • Job, digital skills: Webinar for youths to hold Sept 21, 22

    Job, digital skills: Webinar for youths to hold Sept 21, 22

    A webinar designed for graduates, National Youth Service Corps (NYSC) members, and undergraduate students who are eager to equip themselves with the skills, insights, and strategies necessary to thrive in the job market is set to hold in September.

    The session titled: “Future-Ready: Thriving in a Changing Workforce”, is convened by the host, Amos Ogunola, and will hold on 21st & 22nd September 2024, around 7:00 PM (WAT)

    Participants are required to register via: bit.ly/FutureReadyWebinar24

    According to Amos, the webinar will feature top HR professionals and tech experts who will share their insights on how Nigeria’s youth can adapt to the ever-changing workforce.

    Some of the speakers include: Lucy Bolaji – HR Professional; Dara Olumide – Lifecycle Marketing Manager; Ayooluwa Bamgbade – Project Coordinator, Crystal EV Charging, UK; Ijeoma Nkiruka Onwordi – Head of Corporate Services, Tetarcore Energy Group

    Read Also: FG’s six free CNG conversion centres for vehicles in Lagos

    During the sessions, attendees will learn about CV revamping, Employability skills that help in securing a job, and Digital skills that are essential for navigating the modern workplace.

    Speaking on the idea behind the webinar, he disclosed that it was to commemorate his upcoming birthday. Amos said: “As someone who has walked the path of uncertainty after graduation, I know the challenges Nigeria’s youth face in today’s job market.

    “I created this webinar to help address the skills gap many graduates encounter. It is no longer enough to graduate with good grades—you need to be digitally savvy, have a standout CV, and demonstrate employability skills that make you competitive.”

    Speaking further, he said: “When I left university in 2017, I was excited yet clueless about what lay ahead, even with my good grades. Like many young graduates, I was confident in my academic achievements, but I quickly realized that the working world was changing fast -and I wasn’t fully prepared.

    “I vividly remember attending the Impact Project by the Mandela Washington Fellowship Alumni Association of Nigeria on 17th March 2018. It was a robust training on business, social entrepreneurship, civic leadership, and public management.

    “That experience was the turning point in my journey toward skill development. I learned that to thrive in today’s world, one needs more than academic excellence – one needs skills that align with the evolving workforce.

    “A pivotal moment for me was when I attended a digital skills training by Microsoft at the Ibadan Business School, where I learned the essential tools that shaped my professional path. These experiences laid the foundation for what has now become a mission to equip young Nigerians with the tools to succeed in an evolving workforce.”

    The second phase of this initiative will include the Future-Ready University Tour, a tour of 30 universities across Nigeria, and will involve Bright Rays Care Foundation. This phase will focus on preparing students for future challenges, emphasizing digital skills, employability skills, and financial literacy to help them thrive in the 21st century. For media inquiries or further details, please contact: Abidemi.ogunola@gmail.com

  • ‘Fake job offers destroying victims’

    ‘Fake job offers destroying victims’

    Fake job offers that inadvertently lure victims into human trafficking is a menace that must be fought because its destroy not only the lives of victims but communities, a lifestyle and wellness-focused direct-selling company, QNET, said yesterday.

    Its Regional General Manager for Sub-Saharan Africa, Mr. Biram Fall, who spoke during at the launch of a new campaign tagged: “Say NO” designed to educate communities about the dangers of fake job offers used by fraudsters to lure members of the public into human trafficking, lamented that scammers use the name of reputable organisations to perpetrate their evil trade.

    The United Nations Office on Drugs and Crime (UNODC) defines human trafficking as a global crime that trades in people and exploits them for profit. People of all genders, ages and backgrounds can become victims of this crime, which occurs in every region of the world. Traffickers use violence, fraudulent employment agencies, and fake promises of education and job opportunities to trick, coerce and deceive their victims.

    Fall said: “Human Trafficking not only destroys the lives of victims and communities, and it is regrettable that scammers often use the names of reputable companies such as QNet to promise fake jobs. We therefore believe that the private sector should support the efforts of states to tackle the vice, and the “Say NO” Awareness Campaign is our contribution. It seeks to empower communities with the knowledge and awareness they need to “Say No!” to the traffickers who want to rob them of their future.”

    Across Africa and in Nigeria, reputable companies such as QNET, Coca-Cola and even the West African Development Bank (BOAD) have fallen victim to scammers who use their reputable names to deceitfully promise non-existent jobs to members of the public for purposes of exploitation. The lack of awareness about such scams and about human trafficking is therefore, a key challenge in the fight against the vice.

    The Federal Government, in collaboration with the National Agency for the Prohibition of Trafficking in Persons (NAPTIP), has made sustained efforts to combat human trafficking. A United States Department of State’s Trafficking in Persons Report shows that Nigeria has been placed on Tier 2, reflecting significant governmental endeavours. The report indicates an increase in the identification of trafficking victims, rising from 935 in the previous reporting period to 1,634 in 2023.

    Read Also: How to shore up Nigeria’s foreign exchange, by Finance minister

    Addressing the matter, Managing Director of Transblue Limited, the Nigerian partner of QNET, Akeem Ajisafe said: “The Nigerian government, in collaboration with NAPTIP and other relevant agencies, has shown unwavering commitment to combating human trafficking. Their dedicated efforts can be seen in the increased identification of trafficking victims, which showcases a proactive stance in addressing this critical issue. The Say NO campaign aims to amplify these efforts by educating the youth in Nigeria on recognizing and avoiding fraudulent job offers. Empowering the younger generation with knowledge is essential in fortifying our collective stand against human trafficking, and I believe this campaign will contribute significantly to that endeavour.”

    The “Say NO” campaign shall be implemented in several countries, starting with Burkina Faso, Nigeria and Senegal. It consists of a public education campaign that will use radio, billboards, pamphlets and other activities aimed at sensitizing communities, especially in regions where the prevalence of fake job scams is high.

    QNET has implemented several measures to prevent the use of its platforms to perpetrate fraud. This includes the implementation of customer identification technology that blocks users from buying products or referring customers from a country different from their own. With this technology, only users with verified identity documents can refer other customers, and those who are in breach of the company code of conduct are removed from the network. Any individual found fraudulently using the company’s name shall be reported to the authorities, and QNet will seek full punishment according to the law.

    In addition to these, the company trains its Independent Representatives on its products, ethical practices and entrepreneurial skills, thereby empowering them to generate income for themselves and their families by referring customers to QNet.

  • FG urged to create job opportunities, revive moribund industries

    FG urged to create job opportunities, revive moribund industries

    The Federal Government has been urged to create more job opportunities in a bid to address the alarming surge in crime rates across the country.

    The Executive Director of Non Governmental Organization Women In Action for Development, Mr. Chinedu Agomuo, who made the appeal, also urged that the Federal Government should simultaneously revitalize the country’s moribund industries.

    Speaking during a media conference in Abuja, he emphasized the urgent need for comprehensive measures to reduce crime and ensure the safety of citizens.

    Agomuo highlighted the correlation between unemployment and the prevalence of criminal activities.

    According to him, by prioritizing job creation, the Federal Government can provide individuals with a means of livelihood, reducing the desperation that often leads to criminal behaviour.

    He particularly called on the government to revive industries like the textile industry that have been dormant for years.

    He emphasized their potential to generate employment and foster economic growth.

    “Unemployment has become a breeding ground for crime in our society. It is imperative that the Federal Government takes immediate action to create more job opportunities and breathe new life into our moribund industries. This will not only reduce crime rates but also stimulate economic growth and social development,” he said.

    In addition to job creation, Agomuo also stressed the need to equip the police force adequately to effectively combat crime.

    He said a well-trained and well-equipped police force is crucial in maintaining law and order, apprehending criminals, and ensuring the safety of citizens.

    “A strong and capable police force is essential in the fight against crime. We call on the Federal Government to prioritize the provision of modern equipment, training programs, and adequate resources to enhance the effectiveness of our law enforcement agencies,” he said.

    He urged the Federal Government to collaborate with relevant stakeholders, including private sector players and civil society organizations, to develop and implement effective strategies to create an environment that not only provides sustainable job opportunities but also ensures the safety and well-being of all citizens.

  • Job scramble

    Job scramble

    • Giddy rush for police appointment raises red flag on unemployment rate

    Nigeria is one of the most under-policed countries in the world. The current estimated number of police personnel in the country is about 370,000 to a population of more than 200million people. The United Nations (UN) recommends a ratio of one police officer to every 450 citizens. Nigeria thus has a personnel deficit in its police force. This deficit has gone on for so long and the consequences have been huge and diverse.

    The new Inspector-General of Police Kayode Egbetokun has proposed an increase in police manpower recruitment from the present level of 10,000 yearly to 20,000. He suggested that Nigeria needs at least 190,000 additional police personnel to meet its policing needs.

    The Police Service Commission (PSC) in conjunction with the Nigeria Police had recently announced the beginning of recruitment of interested and qualified Nigerians for enlistment into the force as constables. The age limit for applicants is put at between 18 and 25, and must be physically and psychologically fit and not less than 1.67m for males and 1.64m for females.

    Curiously, just a week into the six-week timeline for the recruitment, almost three hundred thousand applications have been recorded, meaning we might be counting applicants in millions at the end of the six-week period. This speaks to a lot of realities and possibilities. There is a high level of unemployment in the country for this number of young people to rush in applications just one week into the period, and government should take note.

    The police is not the most admired security agency within Nigeria. Even though they have proven over time to be worthy of their training through excellent performances especially when posted out of the country for international law enforcement duties, they are poorly paid and their conditions of service deplorable. Police barracks are nearly the most deplorable living spaces in the country, with run-down infrastructure that  is often the butt of jokes. Their welfare is not the most admired in the country. They attract very little respect from the public who they are meant to serve and protect. The average policeman is seen as an adversary rather than the usual mantra that ‘the police is your friend.’

    That young people in their most productive phase are scampering to be recruited into the force should be a thing for governments at all levels to introspect on. Who are these applicants and what is their interest in joining the police? The security agency across the world is highly prized and personnel well-catered for, given the sensitivity of their work in society. This, therefore, means that police recruitment must be a search for the best and most committed and not just people looking for meal tickets or cronies of people in high places. There must be an innate passion than fires the individual to live a life of sacrifice.

    Read Also: ‘How to achieve effective police reforms’

    We commend the idea of increasing the number of police personnel, especially considering the UN benchmark and the fact that society needs excellent policing in an era of not just national insecurity, but a global one too. We however must say the practice whereby politicians and other people with capacity to pay monopolise the services of the few trained police personnel available must be discouraged. To be policed is a right of every citizen and must not be restricted to only those who can pay for the services.

    Politicians are paid to serve in different capacities and must through laws and policy measures make the country more secure for every citizen in ways that they won’t need to pay for extra protection from the people they ought to serve. While we recognize the need for those in leadership to be protected, we also know that most of them are over-policed to the detriment of those they ought to serve. This is often the reason the few police personnel fail the people.

    We hope the recruitment process will meet up to global best practice, such that the most qualified and passionate for policing job would be the ones to be recruited. There are international standards and policing is said to be everyone’s business in ways that every citizen is a beneficiary of an excellent policing process.  Nigeria must comply with the UN benchmark while making efforts to make the country more secure and the police better trained and cared for to ensure maximum output. 

  • ‘Right to decent jobs sacrosanct’

    ‘Right to decent jobs sacrosanct’

    The future of labour and employment in Nigeria is bright if the principle of decent jobs and fair pay is prioritised, stakeholders have said.

    At the 12th Annual General Meeting of the Human Capital Providers Association of Nigeria (HuCaPAN), in Lagos, stakeholders said it was expedient to address the challenge of casualisation in the workplace because every Nigerian has a right to decent job and fair pay.

    Zonal Director (Southsouth) of the Federal Ministry of Labour and Employment, Joseph Akpan, said the ministry will continue to collaborate with its social partners to end casualisation to ensure better industrial peace and harmony.

    He said: “The major problem we have is casualisation, and so we will continue to work with social partners, such as HuCaPAN, to address this challenge. Thus, we are seeing the promotion of decent work, and looking forward to a better industrial peace and harmony with HuCaPAN on board.”

    Director-General of the Nigeria Employers’ Consultative Association (NECA) Adewale Oyerinde, who was represented by Director (Legal, Regulatory and Taxation), Thompson Akpabio, urged HuCaPAN to remain committed to its aims and objectives.

    “He said: “HuCaPAN needs to adapt to challenges in its sector, which includes new trends in the work place, one of which is the virtual work model. The most important thing is not just productivity, but the result. NECA and International Labour Organisation (ILO) is working on this to develop workable options for different sectors.

    Read Also: UNILORIN wins LEAP Africa debate

    “So we will urge HuCaPAN to reinvent itself and look at workable models within the sectors so that results can be achieved effectively.”

    President of HuCaPAN Olufemi Ogunlowo said the future of employment in Nigeria is bright because ‘our ethos in HuCaPAN is decent work for every Nigerian, and we will continue to work on that. We will work with our clients to ensure the terms of engagement in line with the principles of decent employment’.

    He added: “HuCaPAN is now a trade union, being a union of Primary Employment Agencies (PEAs). Our industry is global, and we work with social partners like the ILO, the Federal Ministry of Labour, NECA, to put in place the frameworks. There is no specific legislation for out-sourcing in Nigeria, so we operate under the International Conventions, and these conventions have been ratified and domesticated in Nigeria. These global standards are what we operate under.

    “There are two of such – one for migrant worker companies that employ Nigerians outside of Nigeria, and the other for companies that provide employment within Nigeria. So it’s a continuous journey as the industry is growing and it can only become better.”

    HuCaPAN is the umbrella association of Private Employment Agencies (PEAs) with over 300 member-companies. It regulates and galvanises companies to meet standard global practices.

  • Fed Govt targets 5 million jobs in 5 years for youths

    Fed Govt targets 5 million jobs in 5 years for youths

    • Betta Edu: scheme will be efficient

    • Ajaokuta Steel to employ 500,000

    • Shettima: firm 98% ready

    The Federal Government has set a target of five million jobs for youths in five years through the N-Power, which is undergoing a review.

    The plan is to create a million jobs each year, Minister of Humanitarian Affairs and Poverty Alleviation, Dr Betta Edu has said.

    According to her, the government is reviewing the programme to restore confidence in it.

    Quoting the minister, National Programme Manager, Dr Akindele Egbuwalo, said the restructuring was ongoing.

    She added that more programmes would be introduced, including in education, health, works, agriculture, technology, fashion and entertainment.

    Edu explained that the programme was suspended to allow for a detailed investigation into its operations in the last 12 months.

    The government assured beneficiaries with genuine claims that all outstanding obligations will be honoured once the verification is completed.

    The statement reads: “This action (suspension) has become necessary to give room for a detailed investigation into the operations of the N-Power in the last 12 months.

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    “The total number of persons enrolled on N-POWER since inception to date is 960,000. Most of them have exited from NPower 1.0 and NPower 2.0 batches A and B.

    “There is a need to audit the number of people in the programme, those who have exited the programme, those who are being owed, whether they reported to work or not and how funds have been utilised over this period of time.

    “Recently, we discovered instances of programme beneficiaries whose participation has lapsed since 2022 but have remained on and continue to expect payments from the government.

    “In addition, some beneficiaries must honour their obligation to the programme: They do not report to their places of primary assignments as required but still receive monthly payments.

    “Some have other jobs and have left this bracket but are still benefiting from the payments, while those who truly worked are not paid.

    “These instances have made the need for a thorough audit imperative, as we also look into claims of those being owed for up to eight to nine months’ stipends to ascertain the veracity of their claims.

    “The graduates and non-graduate volunteers Batch C1 & C2 are in this category.

    “We want to establish the exact number of people owed and the total amounts, thereby eliminating ghost beneficiaries.

    “Preliminary findings of our audit have shown that some consultants are holding on to beneficiaries’ funds disbursed to them long ago even when their contract ended in March 2023 without any renewal.

    “We condemn this practice and will not tolerate it going forward.

    “Work is ongoing to identify those involved, understand why the payments didn’t get to the final beneficiaries, and recall the funds to pay those owed.

    “We appeal to Nigerians to understand the rationale behind the temporary suspension and investigation of the programme as we work to restore the nation’s confidence in the programme and for the new N-Power to serve Nigerians better.

    “Things have to be properly done for us to move forward.”

    Edu said the restructuring will birth an expanded programme to reach beneficiaries aged 18-40 (the previous age limit was 35).

    The minister added: “To earn the confidence of Nigerians in the expanded programme, transparency and accountability will be the benchmark.

    “It shall no longer be business as usual as we make concerted efforts to put the nation on the right footing, ensuring that no one directly or indirectly unleashes suffering on Nigerians.

    “We assure all beneficiaries with genuine claims that we will resolve their cases once we complete the verification exercise and honour all valid outstanding obligations. Nobody will be owed.”

    Also yesterday, Vice President Kashim Shettima said once the Ajaokuta Steel Complex comes on stream and designated as a free trade zone, it will have the capacity to employ no fewer  than 500,000 Nigerians.

    He spoke in Lokoja at the kick-off of the All Progressives Congress (APC) Kogi governorship campaign.

    Shettima, who represented President Bola Ahmed Tinubu, promised to fully harness the potential of the complex once it is completed.

    He believes it will boost Nigeria’s foreign direct investment and contribute to an enabling business environment.

    He said that the  firm is  at 98 per cent completion, adding that President Tinubu deliberately appointed Prince Shuaibu Audu from the state as Minister of Steel Development to facilitate the speedy completion and putting to action, the very important company.

    The Vice President added that with  the Ajaokuta Steel and major roads in the state which the Federal Government has prioritised for  fixing, Kogi will enjoy improved development.

    He urged residents   to vote for APC candidate Usman Ododo to gurantee a fulfillment of the Federal Government promises. 

  • Fed Govt seeks banks’ partnership on one million digital jobs

    Fed Govt seeks banks’ partnership on one million digital jobs

    Vice President Kashim Shettima, yesterday called on the banking sector to partner with the President Bola Tinubu administration in its one million digital jobs initiative for the Nigerian youth.

    Shettima spoke when he received a delegation from the Chartered Institute of Bankers of Nigeria (CIBN) on a courtesy visit to the Presidential Villa.

     Addressing the delegation, led by CIBN President and Chairman of Council, Dr Ken Opara, the Vice President, said President Tinubu was the most business-friendly leader in Nigeria’s contemporary history citing the intentions of the Tinubu administration across different sectors.

    “Beyond the fuel subsidy removal, the harmonisation of the foreign exchange, beyond the tax and fiscal reform committee, President Bola Tinubu is the most business-friendly president in the contemporary history of Nigeria.

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    “He understands the business world; he has been part of the business world. He is determined and committed to repositioning this nation,” Shettima said.

    He urged bank executives and other members of the banking community to key into the federal government’s digital programme to create one million jobs in the technology space.

    “Support us in our digital jobs initiative, support us to save this nation. I have confidence and hope in this nation and together we can make this nation work again,” Shettima said.

    He spoke glowingly about the commitment of the banking sector to the development of the Nigerian economy and called on the community to “bequeath to the future generation, the Nigeria of our dream.”

    Earlier in his remarks, Opara, noted that the leadership of the banking community in Nigeria was at the Presidential Villa to pay homage to the Vice President.

    He commended the Tinubu administration for its recent economic policies, especially the removal of fuel subsidy and exchange rate harmonisation, among others.

    Opara assured the Vice President of CIBN’s cooperation in all of the administration programmes and policies, noting that “the banking community will be very supportive in ensuring that the laudable policies of this administration are actualised in the interest of the people of this country.

    “The banking industry will continue to play pivotal roles in supporting inclusive economic growth. We will continue to deepen financial inclusion by expanding access to banking services across the country,” Opara said.

     He also briefed the Vice President on key engagements of the institute, including those targeted at addressing emerging challenges in the polity, especially the brain drain syndrome.

    Other members of the CIBN delegation on the visit to the Presidential Villa included the Institute’s first Vice President, Prof Pius Olanrewaju; 2nd Vice President, Mr Dele Alabi; National Treasurer, Mrs Mojisola Bakare-Asieru; past presidents, Dr Uche Olowu and Dr Bayo Olugbemi; Chief Executive Office of NEXIM Bank, Abba Bello; Managing Director of TAJ Bank, Mr Hamid Joda and Managing Director of Fidelity Bank, Nneka Onyeali-Ikpe.

  • Five Nigerians get US job offers

    Five Nigerians get US job offers

    Five Nigerian youths have received the offer of job employment by the US Mission in Nigeria.

    The offer came after the successful conclusion of the Nigerian Young African Leaders Initiative (YALI) Network’s 6th annual National Conference, themed “Beyond Limits: Innovation for Sustainable Development.”

    No fewer than 400 young Nigerians across the country participated in the two-day event according to a statement by the US embassy.

    The conference left five YALI Network members with on-the-spot job offers and HP gave away eight laptops to the winners of a business pitch competition.

    The YALI Network National Conference served as a testament to the strong partnership between the United States and Nigeria in supporting youth empowerment and sustainable development.

    The U.S. government, through initiatives like YALI, has consistently demonstrated its commitment to nurturing the potential of young African leaders who are driving positive change in their communities.

    The United States provides online courses and materials to the YALI Network of over 200,000 members in Nigeria and throughout Africa; while connecting members with global leaders in their fields to help members develop leadership skills through speaker programs and by supporting conferences, such as the one that took place August 25-26 in Abuja.

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    U.S. Embassy’s Public Diplomacy Officer, Julia McKay, delivered a keynote address that highlighted how the U.S. government supports young people in advancing the shared goal of achieving sustainable economies and inclusive communities in Nigeria.

    She said: “Studies have shown that nations with gender parity and inclusion experience more economic growth and development, less conflict, and higher literacy rates. Our commitment to inclusivity is reflected in our initiatives and programs, like YALI Stands for all as well as the Academy for Women Entrepreneurs (AWE), and the Tech Women and Tech Girls’ exchange programmes.

    “And these are just some examples of how we work with our Nigerian partners to advance our common goals and interests because we believe that by strengthening our people-to-people ties, we can build a more prosperous, secure, and democratic future for both of our countries.

    “And we recognize the important role that young people like you play in the future of Nigeria. We will continue to provide opportunities like the YALI Network to equip young Nigerians with the skills and connections that they need to foster change in their communities.”

    The YALI Network Summit’s “Beyond Limits: Innovation for Sustainable Development” theme aptly captured the spirit of collaboration between the United States and Nigeria in building the capacity of Nigerian young leaders to advocate for a more prosperous, inclusive, and sustainable future for Nigeria.

    The U.S. Embassy remains committed to supporting initiatives that empower the youth and drive sustainable development in Nigeria.

    The statement also added that the closing date for submission of application for the 2024 Mandela Washington fellowship is September 12, 2023.

    “The U.S. Embassy would also like to highlight that the application period for the 2024 Mandela Washington Fellowship opened on August 15 and will close on Tuesday, September 12, 2023. The fellowship is open to all Nigerians between the ages of 25 and 35 who are passionate about positive change and development in their communities.”

  • Job, scholarship for orphan

    Delta State Governor Ifeanyi Okowa has offered automatic employment and scholarship to an orphan for emerging overall best graduating student of the Delta State University (DELSU), Abraka.

    Abel Jonathan scored a Cumulative Grade Point Average (CGPA) of 4.91.

    Okowa made the announcement at the 13th convocation of the state- owned University, weekend at which 4,252 graduates for the 2017/2018 academics session graduated.

    He challenged graduates of universities to apply the knowledge gained to create a better and fulfilling future for themselves, their families and the society.

    “Hard work, commitment and perseverance are the hallmarks and defining features of any citizen who is prepared for the challenges of our modern but, fast-changing society and it is expected that graduates of our universities have to apply the same virtue as they move into the wider society where they will use the knowledge gained to create a better and fulfilling future for themselves, families and society in general.”

    Okowa disclosed that his administration had ensured that even in the face of  economic downturns, the government strove to make funds available for the provision of education at all levels in the state.

    “DELSU has proved itself worthy in its commitments to the pursuit of its core mandate of research, teaching and learning,” he said.

    Earlier, Pro-Chancellor and Chairman of the Governing Council of the University, Prof. Sam Oyovbaire, said, “we have so far been fair and firm in line with academic best practices in the handling of matters relating to the discipline of staff and students.”

    Vice Chancellor Prof. Victor Peretomode commended Okowa for his support to the university.

  • We have policy against job loss, says Anchor

    We have policy against job loss, says Anchor

    Job loss in recent time has become a major risk for employees and this has resulted to their fear of the unknown, thereby reducing their productivity.

    But employees can now heave a sigh of relief, allay frustration and still able to meet their financial responsibilities should the job, eventually go as Anchor Insurance has developed a product called Anchor Loss of Employment Income Insurance Scheme.

    This policy will pay pre-determined income for a given period to any policyholder who loses his/her job, having paid the required premium while payment of premium has been structured  monthly, quarterly, bi-annual and yearly for convenience; hence employee can choose which one is suitable according to his disposable income.

    Any employee on this scheme who suffers job loss  will be indemnified for 24 months. This will enable the employee meet his financial obligations while actively searching for another job. Being the first insurance company to bring the product to Nigeria, our objective, among others, is to help the economy reduce the social ills and criminalities in our society which result from the job losses, the firm said, noting: “An idle hand is the devil’s workshop”.

    On the part of the employee, the product will help to protect financial loss, prevent frustration and psychological breakdown and among many other things, regains employee decency after job loss.

    The company has encouraged employee to take up this policy without delay as it is the only surest safety net, shock absorber that can cushion for the harsh effect of a sudden loss of job.

    Anchor Insurance remains focused to its vision: “To be the most innovative and preferred General Business Insurance Provider in Nigeria”.

    Living this vision was consolidated with the launch of its innovative retail product “Anchor Loss of Employment Income Scheme (AnchorLoEIS’’. AnchorLoEIS is the newest and latest solution to protect employment income, a safety net, shock absorber or cushion for the harsh effect of a sudden loss of job.

    One of the products displayed during the Awareness Campaign was the Auto Easy Policy, which is the company’s brand name of the Compulsory third Party Motor Insurance Policy.

    There are lots of fake insurance certificates being generated by touts and this is to the ignorance of the policy holders who falls prey, hence the campaign was meant to sensitise the public on how they can get genuine insurance policy and authenticate their certificate of insurance.

    This authentication is provided for on the platform of the Nigeria Insurance Industry database (NIID) of the Nigeria Insurance Association (NIA). To check the genuineness of your Vehicle Insurance certificate, go to www.askniid.org.

    Other products displayed ares Anchor Fire Insurance Protection Policy, Occupiers Liability Insurance, Professional Liability Insurance, Public and Product Liability Insurance, Personal Accident Insurance and a few others.

    The company was established and licensed in October 1989 and started operations in November of the same year. It was established by the Government of Akwa Ibom State in the South of Nigeria as a state-owned Insurance Company underwriting General Business (Non-Life) and Special Risks classes of Insurance with its registered office at 7/13 Aka Road, Uyo, Akwa Ibom State.

    The company attained the status of a composite insurance company in 1992 when it added life/pension class of insurance to its business portfolio. The regulatory body for insurance business in Nigeria; National InsuranceCommission (NAICOM) re-registered Anchor Insurance Company Limited in the status of a composite insurance company under the Registration Number RIC-072 in 1998.

    In 2007, the share capital of the company increased to N3 billion in line with regulatory directives. Following the regulatory-induced recapitalisation and consolidation, the shareholders fund of the company was raised to over N3 billion, which placed the company, among the recapitalised insurance companies in Nigeria.

    As at December 2016, the shareholders fund of the company stands at over N4.7 billion from the approved 2016 annual report and financial statement. The Management is made of a crop of seasoned and professional insurance practitioners with diverse experience in reinsurance, underwriting, banking and finance, loss adjusting, accounting, marketing, legal and auditing expert; this has seen the company grows in leaps and bounds.

    A vibrant Non-Life insurance underwriting firm with the total Assets of over N5.7 billion, Anchor Insurance has been fulfilling its obligations to its numerous clients through prompt settlement of claims. Between 2014 and 2017, the company paid over N1.8 billion in settlement of claims across different insurance policies ranging from fire, motor vehicle, oil & gas, Aviation to flood damage, theft, group personal accident, defaults on performance bonds and motor accidents.