Tag: MoU

  • NOUN, IPMA sign MoU

    NOUN, IPMA sign MoU

    As part of efforts at equipping its graduates with Advanced Professional Management Skills that will make them globally competitive, the National Open University of Nigeria (NOUN), has signed a Memorandum of Understanding (MoU) with the International Professional Managers Association (IPMA) of  United Kingdom (UK).

    Among the benefits of the collaboration to NOUN students are mapping and integration of NOUN academic and IPMA-UK professional programmes to give NOUN management and management-related students accelerated career advancement by graduating with their degree and IPMA-UK.

    The collaboration will also provide NOUN students the unique opportunity of accessing the renowned IPMA-UK electronic library to enhance their study and research.

    IPMA-UK is a United Kingdom based international examining, licensing and regulatory membership qualifying body that provides management and management-related students and workers with the opportunity to be part of the process of improving administrative and managerial performance and effectiveness in all areas of business, industry and public administration around the world.

    IPMA is a member of the National Academic Recognition Information Centre of the United Kingdom (UK-NARIC) and recognised in Nigeria by the Federal Ministry of Education.

  • Fed Govt, firm sign MoU on operation of abattoir

    Fed Govt, firm sign MoU on operation of abattoir

    The Federal Government  has signed a Memorandum of Understanding (MoU)  with Multi-Net Group Limited on the development and operation of modern international standard abattoirs in the six geo-political zones of the country.

    The Permanent Secretary, Federal Ministry of Agriculture and Rural Development, Mr. Sonny Echono signed the pact with the firm’s Chairman, Dr. Uzoma Obiyo to produce healthy, quality fresh and meat locally in order to generate income and livelihood for the  livestock farmers that he will work with.

    Speaking with reporters after the signing ceremony in Abuja, Obiyo said: “My dream and objective for this modern abattoir is to produce healthy and quality fresh and local produced animals, provide income and livelihood for livestock farmers of whom he is intending to work with, towards achieving his dreams, and also to attract young unemployed youths into farming and live-stock production.”

    He said his company expects a situation where a young person will be proud to say that he or she is a butchery expert and earning good living with it.

    Obiyo noted that Africa, especially Nigeria, has no excuse to rely on imported meat products.

    According to him, since the hygiene and quality of imported meat are questionable, his firm has moved to develop a meat and livestock process value-chain whereby there will be traceability in the  meat products, guarantee of the quality and hygiene.

    He said:  “I believe  that Africa and Nigeria should not be relying on imported meat products of which the hygiene and quality are questionable, he wants to develop a meat and livestock process value-chain whereby there will be traceability in our meat products, and also the quality and hygiene will be guaranteed.

    “ At the moment such facility and process is lacking, so it is of no surprise that most of the large hotels and restaurants in Nigeria, import their meat and livestock products from South Africa, and costing the nation a large chunk of its scarce dollars in capital flight and of cause denying our local farmers their needed in-come.”

    The Chairman of Multi-Net maintained that he is on a mission and will not stop until Nigeria and Africa is self-sufficient in feeding its populations and providing them with adequate energy for domestic use and industrialisation.

    He stressed that his company is also concerned about the provision of locally produced petroleum products for local consumption.

    Obiyo said that issues of local content unsettles him, noting Nigeria has the human and natural resources to drive its economy without a recourse to foreigners.

    “I believe we have the capacity both in human-resources and natural resources and it is for that reason. I am a passionate supporter and promoter of Local Content in every sector, because I see no reason our best are running out of the country and helping to build other country’s viable economy while we are employing people from those foreign countries, whom their own countries will not employ,” he said.

    Projecting into the future, the chairman maintained that he is committed to seeing Nigeria dominates the  global economy in food export and production.

    At the moment, Obiyo said that he wants to produce healthy and fresh quality food for Nigeria with zero wastage because everything in the farm and in the abattoir will be utilised.

    He regretted  seeing a lot of wastes in the food, agricultural and livestock chain. He revealed that  he has also got a viable and implementable plan to go into fisheries and fish processing and storage.

    Obiyo called on the Federal Government, the citizenry, especially other entrepreneurs to emulate the Central Bank of Nigeria (CBN) to support the local industries.

    On his own, he said he is ready to collaborate with Federal and State governments and agencies  to make  foods and livestock, healthy, hygienic and affordable by all.

    He sought the concerted efforts of all Nigerians and the President for a serious and sincere fight for locally produced food in the country.

    Obiyo recalled that Multi-Net Group Limited had early this year signed an MoU with the Federal Ministry of Power for the  development of  the coal fields in Enugu.

    The MoU, said the chairman, is for the generation  500mega-watts (mw) in the first instant and in the long-term increase the generation  to 1,000mw.

    He revealed that after the pact with the Ministry of Power, he has flagged-off the studies  necessary for the implementation of its project -”Using coal to Light Up Nigeria.”

    The chairman noted that unlike many who just sign MOU and do nothing with it, he “ is a restless, creative, energetic and innovator who is resolute and convinced that we have all it takes to produce enough power for domestic and industrial use but also for export.”

    Since signing the MOU, Obiyo noted that he has commenced and nearly completed all the necessary studies needed to commence the next stage of making his project “Using Coal to Light Up Nigeria” a reality.

    He however explained that “the only delay now in bringing my dream to reality is the Coal licence of which I am hoping that, with the intervention of the Federal Ministry of Power and all the necessary agencies that I will move fast with his very detailed and time-lined road–map on generating 500mw of electricity from coal.”

    Commenting on his enterprise, he said MULTI-NET GROUP LIMITED is wholly owned and an indigenous Nigerian company, of whom he is the Chairman.

    He described himself as an established and successful entrepreneur in the Telecom Industry.

    Continuing, the chaiman said he “is a man with a good nose for business opportunities that sometimes people are becoming to imagine me as the Warren Buffet of our own but they can see me by-passing the success of Warren Buffet, so the only comparison between us is our noses in smelling out business opportunities even when others do not see it.

    “For Dr. Obiyo, any difficulty I encounter in the process everyday life and business becomes another business potential, because I do not believe in moaning or passing bucks but I believe that Nigerians and Africans should solve all our infrastructure problems.”

  • Airtel, PMAN sign multiple MOU

    Airtel, PMAN sign multiple MOU

    THE Performing Musicians Employers’ Association of Nigeria (PMAN) in its new drive to bounce back after decades of leadership tussle, has entered a series of agreement with Airtel Nigeria, aimed at creating a more structured and rewarding entertainment industry.

    The partnership which was signed on Monday, June 29, is expected to provide an opportunity for registered members of the association to access telecommunications solutions and services at affordable rates

    Airtel, as part of the deal, will provide Closed User Group (CUG) lines to members of PMAN which will grant them unlimited talk time with significant cost savings.

    The company will also provide support to PMAN towards the association’s initiatives which consists the sensitization of the public on registration and anti-piracy related issues. Some of the mediums to be utilized include television commercials, radio, prints, blogs and tours to promote registration.

    Speaking during the signing ceremony, Director, Enterprise Business at Airtel Nigeria, Ms. Tawa Bolarin, said Airtel’s strategic alliance with PMAN is in line with its unwavering commitment to promote entertainment, creativity and the arts in Nigeria through technology.

    According to her, “Airtel supports PMAN in its visionary initiative to revolutionize the Nigerian music industry; a very honorable vision to create a much credible platform for Nigerian artistes and performers that need support,”

    She noted that the partnership will further empower members of the association with innovative, relevant and affordable mobile solutions to help them fulfill their communication potentials.

    Also speaking at the event, the President of PMAN, Mr. Pretty Okafor revealed that the association was focused on uplifting the standard of living for all Nigerian musicians and also contributing to the country’s GDP and putting Nigerian music on the world map.

    The initiative seeks to ensure that there is efficient identification and registration measures put in place for of each member of PMAN, through its Bio-metric Card Scheme that allows registered members to secure and protect their income and benefits. The card also functions as a debit card and comes with an accident and life insurance cover

    In the long run, the biometric card project will also make it possible to tackle other critical areas, such as fighting piracy as well as ensuring that artistes generate revenue and sustainable income from content and music in form of royalty fees.

    The ceremony was attended by Director, Legal Affairs, Airtel Nigeria, GbengaRotimi; General Manager, Enterprise Sales, Airtel Nigeria Bukola Akande; Head of PR, Airtel Nigeria, Adefemi Adeniran; PMAN President, Mr. Pretty Okafor,1st Vice President, PMAN, Sunny Nneji, 2nd Vice President, PMAN, Baba Dee, Rugged Man, Felix Duke,actor Dele Odule, ZaakyAzzay and Kazeem Popoola.

  • ICPC moves against corrupt officials at airports

    ICPC moves against corrupt officials at airports

    The war to rid the international airports in the country of corruption got a boost yesterday when members of the Project Advisory Committee on the Corruption Risk Assessment (CRA) in the aviation sector were inaugurated in the office of the Permanent Secretary of the Federal Ministry of Aviation in Abuja.

    The inauguration was a follow up to a Memorandum of Understanding (MoU) signed by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Federal Ministry of Aviation (FMA) last December in Lagos.

    A member of the ICPC and Chairman of the joint committee, Alhaji Ozi Salami,  said the collaboration had yielded several gains, which included public enlightenment campaigns against corruption at the airports, surveillance and intelligence gathering activities as well as a sting operation to arrest perpetrators of corruption.

    Salami added that reports since the last sting operation showed that there was an awareness of the presence of the commission at the airports and this had reduced impunity.

    He said: “There is a need to continue the tempo of the intervention, so that the anti-corruption message will be consolidated.

    “CRA is a corruption prevention tool, which works with organisations’ management to identify vulnerable areas that are prone to corruption, proffer recommendations, and develop integrity plans that would strengthen accountability and transparency towards checking corruption and enhancing service delivery.

    “It is focused on studying organisational systems and operational environments with a view to addressing identified corruption risks therein. It is pertinent to emphasise that CRA is not a criminal investigation, but rather a study of systems with a view to recommend a review to reduce corruption.”

  • BEDC, Elizade varsity sign MoU on capacity development

    The Benin Electricity Distribution Company (BEDC) has signed a Memorandum of Understanding (MoU) with Elizade University, Ilara-Mokin, Ondo State, to promote human capital development in the power sector.

    The Managing Director/ Chief Executive Officer of BEDC, Mrs. Funke Osibodu, told reporters in Benin, Edo State,  that the MoU was part of efforts of the Disco’s core investor, Vigeo Power Ltd (VPL), to train new and existing personnel on best technical practices for addressing the needs of electricity consumers in the country.

    In a statement, Osibodu explained that the five-year partnership would cover the cost of training facilities in the university and remuneration of staff drawn from both in-house and private institution.

    She said the Disco  had recruited about 200 graduates in relevant fields in electricity management who had received on-the-job and  rotational training and were set to commence the classroom training in the university, which she said shared the vision of the company.

    “This signing of a MoU commits us to work together closely towards our common goal, which is grooming a crop of skilled workforce as a way of building capacity in the power sector.

    “Each party will pursue numerous significant activities such as effective classroom trainings, field work, physical activities and community development projects to mention a few,” she added.

    The Vice-Chancellor of the university, Prof Valentine Aletor, described the initiative as a timely intervention to address major challenges such as human capital deficit and corruption practice in the power sector.

    Aletor  said: “VIPL-EU joint initiative is to engender government- industry-university partnership in research and innovation for the projection of local initiatives, which would ultimately lead to the building of home-made alternative, indigenous technologies that are easily adaptable to solving the emerging technical and engineering problems that have bedevilled electricity generation and distribution in Nigeria.

  • Ortom signs MoU with Chinese firm

    Benue State government has signed a Memorandum of Understanding (MoU) with a group of Chinese companies under the auspices of CGC Alliance.

    It was signed for the industrial and commercial revitalisation of the state.

    Areas of focus include coal power plant, potable water and irrigation, renovation of agriculture service centres, building of Makurdi-Guma Road and reticulation of water in Makurdi, Otukpo and Katsina-Ala.

    Others are airport and industrial park construction, sugar cane plantation and refineries.

    Governor Samuel Ortom signed on behalf of the government in his office in the Benue Peoples House. The Managing Director of the group, Tony Ye, signed on behalf of the companies.

    The governor expressed confidence in the ability of the group to deliver, as it had built the Otobi and Katsina-Ala water works.

    He said although the state owed CGC a huge amount on the two projects, he appealed for understanding, assuring that his administration would do its best to honour contractual agreements.

    Mr. Ye said companies could team up under the alliance to handle infrastructural projects, if given the opportunity and thanked the Ortom administration for inviting them to partner in the development of the state.

    The governor has appealed to the Bill Gates Foundation to consider the whole value chain in its approach to promote the cultivation of cassava and rice in Benue.

    Ortom, who spoke when he received a delegation from the Synergos Institute, led by Adewale Ajabi, on behalf of the foundation, expressed the willingness of the state to partner viable investors and create an enabling environment to boost investments.

    He said unless attention was given to the value chain, the cassava produced would be wasted.

    Ajabi noted that the foundation was willing to collaborate with the government to assist in cassava and rice processing.

    He said the objective was to assist farmers to get value for their produce and boost the state’s economy.

    The governor also received a delegation from the Mutual Union of Tiv in America (MUTA), who were in the state for a health fair.

    He assured Mr. Doo Gar and Mrs. Tivzenda that although things were difficult, the state would assist the team.

     

  • Oyo, Chinese firm sign MoU on light rail

    The Oyo State government has signed a Memorandum of Understanding (MoU) with a Chinese firm, CCECC, for the building of a light rail transport system covering about 24 kilometres within Ibadan, the state capital.

    Speaking at the ceremony, which took place at the Executive Council Chambers of the Governor’s Office, Ibadan at the week-end, Governor Abiola Ajimobi described the development as another milestone in his administration’s quest to modernise major cities in the state.

    He said  the project was long overdue for the state with a

    population of over 10 million, stressing that any city with a population of at least two million required a light rail system of

    “We believe that in our quest to modernise Oyo State, particularly in

    the area of transportation having a light rail system is a sine qua non.

    “Ibadan as a city, and indeed, Oyo State, with over 10 million people, is overdue for a rail system that can move people in large numbers from places to places. Rail is the largest and most effective transportation system to achieve this.”

  • FUTA, UK varsity sign MoU

    FUTA, UK varsity sign MoU

    The Federal University of Technology, Akure (FUTA) has signed a Memorandum of Understanding (MoU) with De Montfort University, (DMU) Leicester, United Kingdom.

    The FUTA Vice-Chancellor, Prof Adebiyi Daramola and the Pro Vice-Chancellor for DMU, James Gardner, signed the aggreement for their institutions to collaborate on academic and other related matters.

    Under the agreement FUTA workers and students will have opportunities to undertake knowledge sharing and skills development that will improve creativity, networking, cultural integration, leadership and team work.

    The benefiting departments in FUTA are Architecture and Industrial Design.

    The MoU gives students possibility of transferring from third year of undergraduate programme to complete studies at DMU. There are also provisions for six-month Industrial Training, 10 days short workshops/courses in summer, winter or Easter break to cover design and theory in Architecture, with a field trip to a continental European city.

    Members of staff on the other hand would get opportunity to undergo their PhD in full time, split size six months or by distance learning; co-host conference on Tropical Architecture, conduct adjunct lecturing via Skype and enjoy visiting fellowships.

    The collaboration, an initiative of Dr Dorcas  Ayeni, an alumnae of DMU School of Architecture  who is a lecturer in FUTA’s Department of Architecture, had inputs from  the Head, School of Architecture, DMU, Prof Raymond Quek,  the FUTA Vice Chancellor, and the Director of the International Office, FUTA, Prof Afolabi Akindahunsi.

    FUTA is also collaborating many other universities from across the world including the Fort Valley University, Georgia, United States where the first set of FUTA students are expected for their one year complementary studies in August; and the Florida Agricultural and Mechanical University, Tallahassee, USA where the second set of FUTA students are already undergoing their one year complementary studies.

  • Govt signs $1b MoU on mortgage refinancing

    Govt signs $1b MoU on mortgage refinancing

    Nigeria’s mortgage refinancing initiative got a boost when the Federal Government signed a $1 billion Memorandum of Understanding (MoU) with Cantor Fitzgerald, an American Mortgage Company, to support the initiative.

    At the signing in Abuja, Minister of Finance/Coordinating Minister for the Economy, Dr Ngozi Okonjo-Iweala, said the deal was welcomed.

    “This is yet another good development at a time when our economy is going through some difficulties. At a time we are suffering from the impact of drop in the oil price, an investment company of this repute has come to say they want to be part of this economy.

    “We are very trilled they are about the biggest in the mortgage business in the U.S. and they have come to us to talk to us in Nigeria. They are very excited with what we are doing in Nigeria and as a result, they want to sign a MoU with us to work with the Nigeria Mortgage Refinancing Company (NMRC) to be able to work with us at the value chain in financing,” she said.

    The Minister said what this means is that it would make the dream of opening the housing and mortgage financing market a reality.

    According to her, the signing of the MoU marked the future milestone in initiating the NMRC as a liquidity company to service the primary and secondary mortgage market.

    She said under the 10,000 mortgage refinancing project of the Federal Government, of 66,000 applications, 25,000  had been processed and pre-qualified. She noted that 9,000 had received offer letters and 33 people got mortgages in Abuja.

    “This is progress from where we are and we now know that it takes much more time than what we thought it was when we started,” Mrs Okonjo-Iweala said, adding that government was working on a number of initiatives that would enable Nigerians access mortgages at affordable price.

    She said the government was working with the National Pension Commission to see how workers could access their pension to get mortgages. This, she said, would help to eliminate the challenge of getting bulk money to pay off the equity on mortgage.

    “We are also looking at other ways to collaborate with the Central Bank of Nigeria (CBN) and other agencies to see how we can make the homes as affordable as possible. We are looking at the cost of construction because that’s another way to bring the cost of the houses lower,’’ she added.

    She said the Cantor Fitzgerald would also build houses and beneficiaries would receive the mortgages at a reasonable interest rate.

    Prof. Charles Inyan-Etteh of NMRC said the occasion marked a new beginning for the NMRC, which just started full operations. “This marks a new chapter for the Federal Government in the commitment to the provision of affordable houses to Nigerians,’’ he said.

    He said the aim of establishing NMRC was to provide affordable mortgages to Nigerians through funding of the primary lenders of the mortgages. He said NMRC had received its licence to operate. He assured of the commitment of the company in investing in the housing sector and to the transformation of mortgage system in the country.

    Mr Jack Hefternan, Managing Director, Debt Capital Markets, Cantor Fitzgerald, said the company was established in 1945, adding that it has branches in almost all countries. He said the company would invest $1 billion to help synchronise what the NMRC was doing in Nigeria.

    He said the company would work with local firms, to follow up on every step of the value chain to help deliver affordable housing to Nigerians.

    He said the houses the company would provide would cost between eight and N15 million.

    Mr. Charles William of the same company said the organisation had received an approval to provide about 10,000 homes.

    According to him, the houses will be spread across four locations: Abuja, Kaduna, Lagos and Enugu and would take between six months and one year to complete them.

    “The states involved have provided us with lands and we will take off from first April,’’ he disclosed.

  • UAM signs MoU with NUGA

    The Federal University of Agriculture Makurdi (UAM) has signed a Memorandum of Understanding(MoU) with the Nigerian Universities Games Association (NUGA) to host the 25th edition of the competition later this year in Makurdi, Benue State.

    The MoU was signed at the council chambers of the university by NUGA President, Prof. Stephen Hamafyelto, and the Vice Chancellor, Prof Emmanuel Kucha.

    Hamafyelto also inaugurated the main organising committee (MOC) for the event.

    The committee, which he chairs, has six other members made up of the NUGA Secretary-General,

    Mr. A. Orudele, and representatives of the Committee of Vice Chancellors (CVC), National Universities Commission (NUC), National Sports Commission (NSC), Federal Ministry of Education (FME), and a member of the Local Organising Committee (LOC) of the host university.

    Hamafyelto congratulated Prof Kucha for winning the hosting rights of the games and expressed happiness with the university’s commitment.

    “It is our tradition that after granting you the hosting rights, we come back to see how prepared you are and also inaugurate the main organising committee.  On this note, I want to affirm with all seriousness our support and willingness to partner with the university in making sure that UAM host the best NUGA ever,” he said.

    Responding, the Vice Chancellor challenged the university community and Benue people to take advantage of the opportunities the  games present.

    As part of his support to the university for the successful hosting of this game, the Chairman and Chief Executive of Choice Leisure Ltd. Chief Felix Akiga, donated some sports materials and promised to do more during the games.