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Fashola Commissions Skills Acquisition Centre, Drivers’ Institute

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Babatunde Fashola, Lagos State governor last week commissioned a Skills Acquisition Centre and the State’s first Drivers’ Institute both in Ikorodu declaring that his administration will continue to expand the frontiers of opportunity in the State.
The Skill Acquisition Centre, which is located on Borokini Street, Aga, in Ikorodu Local Government Area is the largest and the first of more than eleven such centres across the state to undertake the teaching of shoemaking as one of the subjects.
Speaking at the ceremony attended by top political party officials, traditional rulers and top government functionaries, Governor Fashola said the centre is a fulfillment of his electoral promises which he made to the people of Lagos State while seeking their mandate.
He said the essence of the centre is to give opportunities to those who do not have the aptitude to go through formal education to have alternative means to develop their skills and God-given talent adding that no one is totally useless.
 “It is a recognition of the fact that not everybody would want a formal and complete education”, the Governor explained and added, “But even if we do have a formal and complete education today, the colour of the global economy is changing and, therefore, certificates from any university is no longer a meal ticket, it is only a step to finding the part to that meal ticket”.
Recalling that the state government flagged off a Mobile Kitchen service at the Government Secretariat on last Monday, the governor declared, “People must be ready now to use their talents; to use their skills to earn a living”, adding that the interesting thing about the Mobile Kitchen was that the person behind it is not a professional caterer but someone with a different profession who has decided to provide the services that our economy needs.
Citing examples with the owner of one of the biggest furniture manufacturing companies in Lagos and owners of two major fast food catering outlets as people who have ventured into and made a success of professions other than theirs, Governor Fashola said, “This economy needs all of these services. If we do not diversify, if we do not provide this kind of centres for you to learn new skills; for you to be able to provide new services this economy needs, we will continue to complain about unemployment”.
“The game has changed and Lagos is changing with it and everybody must wake up to that change”, the governor said adding that a nation that does not produce what it seeks to consume is looking for trouble.
He said all the big names in textile manufacturing, fashion designs and eateries that have become household names today started as small family businesses and urges the youths to endeavour to use the opportunity offered by the Centre to acquire skills to enable them build up family businesses  that could become household names in future both locally and internationally.
Fashola commended Mrs. Adejoke Orelope-Adefulire, the State commissioner for Women Affairs and Poverty Alleviation for her efforts in making the centre a reality adding, “If you are looking for an industrious Awori woman; if you are looking for a passionate Lagosian, if you are looking for a very diligent public servant, then look no further than Mrs. Adejoke Orelope-Adefulire”.

 


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NCC Threatens Illegal Users of GSM Boosters with Arrest, Prosecution

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Nigerian Communication Commission (NCC) has warned telecom consumers to desist from using illegal GSM boosters.

NCC Threatens Illegal Users of GSM Boosters with Arrest, Prosecution

The commission also said that anyone caught using a GSM booster without obtaining approval of a duly licensed network operator will face arrest and prosecution.

GSM boosters are devices that transmit and receive telecommunications signals and can therefore interfere with other radio frequency equipment.

Ikechukwu Adinde, director, public affairs, NCC, said in a notice published on NCC website, that only licensed network operators are allowed to use GSM boosters.

The booster, also known as amplifier or repeater is made up of three main elements – exterior antenna, amplifier, and interior antenna.

They form a wireless system to boost cellular reception

“Members of the public should note that, willful interference with any wireless telegraphy is an offence under Section 16 of the Telegraphy Act, 2004,”it said

The agency said it will not condone any flagrant breach of this law.

It has also enforced measures to prosecute offenders.

Accordingly, monitoring mechanisms have been put in place and anyone caught using a GSM booster without obtaining approval of a duly licensed network operator will face arrest and prosecution.

“Any member of the public with useful information regarding the illegal use of GSM Boosters should contact the Commission on 09-4617000/7351 or send an email to [email protected],” the notice said.

“Individuals desirous of using GSM Boosters should note that they can only do so in conjunction with licensed network operators,” it added.

 

 


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Tizeti Selects Nokia to Provide LTE Fixed Wireless Access Solution for High-Speed internet Services in Nigeria

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Tizeti announced that it selected Nokia’s Fastmile Long Term Evolution (LTE) technology to enable usprovide superior internet services to over 1 Million subscribers in Port Harcourt, Edo and Ogun in Nigeria.

Tizeti Selects Nokia to Provide LTE Fixed Wireless Access Solution for High-Speed internet Services in Nigeria

Tizeti will deploy Nokia’s AirScale Base Station TDD-LTE and FastmileFixed Wireless Access (FWA) gatewaysto deliver premium internet and Virtual Private Network (VPN) services to Residential, Small and Medium Enterprises (SMEs).

The solution will also enable Tizeti’sto deliver a more robust, high-speedinternet service to subscribers and the flexibility to seamlessly evolve to 5G Fixed Wireless Access when needed.

Nokia’s FWA solution enables Tizeti to fast-track broadband access and provide a best-in-class broadband experience to its subscribers.

Nokia’sAirScale Base Stations ensure high-quality connectivity and coverage and enablesTizeti to evolve the network in line with customer demand.

Nokia’sFastmilegateways connect wirelessly to the existing network to createa fastbroadband connection and enhanced Wi-Fi experience in the home.

The Nokia Network Services Platform will help Tizeti to simplify operations and quickly respond to changing market demands.

Kendall Ananyi, Tizeti, said:“We are committed to providing the best-in-class network experience to our subscribers. We are confident that Nokia’s proven technology and expertise will help us differentiate our services based on quality. This a crucial project for us as it introduces LTE in our networks and allows us to bring new and innovative services to our subscribers.”

Eniola Balogun, Nokia, said:“We are thrilled to work with Tizeti on the initiative to upgrade their network to bring the latest products and services to its subscribers. Nokia Fastmile will help Tizeti to cost-effectively enhance the customer experience.

The project will also enable them to delight their subscribers by providing more reliable data services.

On the other hand, Tizeti will benefit by adding new revenue streams.”

 

 


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Risk Assets Push Higher on Vaccine Hopes; Eyes on the Fed

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By Hussein Sayed, Chief Market Strategist at FXTM,

After two consecutive weeks of back-to-back declines, global stocks kicked off Monday with solid gains amid a surge in M&A activity and positive signs towards vaccine developments. Currency markets were little changed ahead of a busy week of monetary policy announcements, while Oil and Gold ticked slightly higher.

The two big deals announced over the weekend were Softbank’s plan to sell chipmaker ARM to Nvidia for more than $40 billion and Gilead Sciences to acquire Immunomedics for a price tag of $21 billion. Meanwhile, on the vaccine front, AstraZeneca resumed its phase-3 trial on Covid-19 after being suspended last week following a neurological illness developed in one participant, and Pfizer announced that its vaccine could be distributed before year-end if found safe and effective.

 

Central Banks will take centre stage this week with the Federal Reserve, Bank of England and Bank of Japan all due to announce policy decisions. Out of the three meetings, the Fed is likely to be the most watched following its historic shift towards average inflation targeting. The big question remains how will the FOMC put this policy into action?

 

From what we know now, the Fed is set up to keep interest rates near zero for a long time, possibly for several years. Given the new framework, any spike in inflation won’t translate into immediate rate hikes as the Fed wants to compensate for the lost years when they have failed to hit the target. The dot plot will be the key guide for investors and traders alike. If inflation projections remain at 2% or below for the foreseeable future, this will solidify market expectations for a low rate environment for many years to come. That said, Jay Powell would still have to explain in more detail how the new framework will be translated into policy action.

 

In June’s economic projections, the Fed anticipated unemployment would be at 9.3% by year-end, but, in August, unemployment was well below that forecast at 8.4%. Many other economic data surprised to the upside during the June – August period in a clear sign that most economists were overly pessimistic towards the strength of the recovery. However, there is still a considerable amount of uncertainty given the latest surge in Covid-19 cases worldwide and the US, especially as we get closer into the winter season. A second wave will undoubtedly put the recovery at risk in the final quarter of the year and it will be interesting to see the Fed’s view on that issue.

 

As for the market selloff over the past two weeks, the Fed isn’t likely to show any signs of concern. In fact, policymakers should be satisfied with the pullback as the risk of a bubble in several assets has been growing due to the Fed’s extremely accommodative policies. Unless we see another 10 -15% drop, do not expect the Fed to intervene.


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