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UK Government Partners UBA Foundation, Others In £20m Drive To Support Girl-Education In Developing Countries

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UBA Redeems USD500 Million 5-year Eurobond

As part of activities to mark this year’s edition of the International Women’s Day (IWD), the United Kingdom Prime Minister, Boris Johnson has launched a new global partnership with UBA Foundation and 10 other organisations, to improve girls’ access to education and employment in developing countries.

To this end, the UBA Foundation, together with 10 other global businesses have come together with the UK government who will be working in partnership with UNICEF’s Generation Unlimited (GenU) to fund this very crucial programme that aims to provide high quality skills training to around one million girls around the world.

The UBA Foundation, other private sector players and global businesses who are partnering to fund and resource the initiative to tune of £11m are Accenture, Standard Chartered, Unilever, Microsoft, Pearson, PwC, Coursera, Vodafone, BP and Cognizant. The UK government has contributed an initial £9m to the initiative called the Girls’ Education Skills Partnership programme.

READ ALSO: Four Years On UBA’s Leo Continues To Lead In Nigeria, Africa

Explaining its drive to undertake this project which is expected to have far-reaching positive effects for the girl-child across the world, the UK Government pointed out that even before the Covid pandemic, millions of children did not have any access to school – and girls from disadvantaged families are particularly vulnerable to missing out on education, whether through poverty or prejudice. The pandemic has created even more barriers to education, with a peak of 1.6 billion children around the world having faced school closures.

Prime Minister Boris Johnson, who pointed out that this is UK’s first education partnership of its kind where the UK Government is joining forces with the private sector to boost girls’ access to education in developing countries, said, “The United Kingdom has long been a proud and mighty champion of this fundamental cause and today we take one leap further through our first Global Partnership of its kind – opening up opportunities for one million girls across the developing world to have access to high quality skills training.”

Continuing, Boris said, “Ensuring every girl and young woman across the globe receives 12 years of quality education is the greatest tool in our armoury to end the world’s great injustices. “Delivering on this mission will be one of the best defences against ignorance, ensure the greatest protection from prejudice and put a rocket booster behind our hopes and dreams for global development in the years to come.”

In his speech, Mr Johnson noted that some of the businesses involved will be contributing a range of resources including books, computers and other technology, mentoring, advice and access to their networks, skills and training programmes just as the private sector involvement will help ensure that education and learning opportunities provide girls with the skills for the future that employers need.

READ ALSO: UBA Publishes Names Of PTA Defaulters With Fake Tickets, Visas

The Group Chairman, United Bank for Africa (UBA), Mr Tony O. Elumelu, CON, who was in attendance at the event reiterated the importance of educating the girl child and giving back always as we strive towards sustainable development.

“We understand first hand, the need to empower young women in African communities to catalyse sustainable socio economic development. At the UBA Group, we are committed to women empowerment and we continue to champion women causes in our business and through our work in philanthropy. Working together, we must ensure that our girls are properly educated and attain the necessary skills that allow them to effectively compete as the world becomes increasingly global,” he added.

Mr Elumelu thanked the Prime Minister and the UK Special Envoy, Helen Grant, for the laudable initiative that will see more girls globally, being educated.

The UBA Foundation is the Corporate Social Responsibility arm of the United Bank for Africa group. The foundation is focused on initiatives that support education, empowerment and the environment on the African continent. For over 2 decades, the UBA foundation has been giving back and changing lives on the continent.

 

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BREAKING:Nigeria Air Launch A Fraud – Reps

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Nigeria Air

The House of Representatives on Monday faulted the purported launch of Nigeria Air in the last days of the administration of former President, Muhammadu Buhari.

The Chairman of the House Committee on Aviation, Nnolim Nnaji, declared the launch of Nigeria Air a fraud after the major stakeholders in the deal between the Federal Government and Ethiopian Airlines denied knowledge of the launch.

The Ministry of Aviation claimed Nigeria Air was only unveiled and not launched, which the committee dismissed as an attempt to divert the lawmakers’ attention.

Members of the committee were shocked when NAMA disclosed that the aircraft bearing Nigerian colours was on a chartered flight to Nigeria.

Other stakeholders who confirmed the disclosure noted that a chartered flight could be painted in any colour and with any inscriptions.

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BREAKING: CBN Speaks On Devaluation Of Naira To N630/$1

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BREAKING: Old Naira Notes Deadline Stays - Emefiele
CBN Governor Godwin Emefiele

The Central Bank of Nigeria ( CBN) on Thursday denied devaluing the naira .

This clarification came from the
Acting Director, Corporate Communication, Dr. Isa AbdulMumin, in a statement titled, “CBN Has Not Devalued the Naira”.

He said: “The attention of the Central Bank of Nigeria (CBN) has been drawn to a news report… titled “CBN Devalues Naira To 630/31”.

“We wish to state categorically that this news report, which in the imagination of the newspaper is exclusive, is replete with outright FALSEHOODS and destabilizing innuendos, reflecting potentially willful ignorance of the said medium as to the workings of the Nigerian Foreign Exchange Market.

“For the avoidance of doubt, the exchange rate at the Investors’ & Exporters’ (I&E) window traded this moming (June 1, 2023) at N465/US$1 and has been stable around this rate for a while.”

The bank advised the public to ignore the news report in its entirety, saying it’s speculative and calculated at causing panic in the market.

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BREAKING: After Subsidy Removal, NNPC Increases Petrol Price To Over N500

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Senator Withdraws Support For Tinubu Over Choice Of Muslim Running Mate
President Tinubu

The Nigerian National Petroleum Company Limited (NNPC) on Wednesday adjusted the pump price of petrol by over 100% to between N488 and N557.

The development followed the announcement by President Bola Tinubu during his inaugural address on Monday that fuel subsidy was ‘gone’.

However, it was learnt that the president will meet with organised labour from 2pm Thursday (today) afternoon.

The prices have now been adjusted upward from between N189 to N194 to N537 per litre in Abuja and other North-central States.

For Lagos and other South-west states, a litre of fuel now sells for between N488 and N500 per litre.

In the South-east, the price will range from N515 to N520, while in the North-west, the price of the product was raised to N540. In the North-east, it moved from N199 to N557 per litre.

For the South-south, it is now from N511 to N525 per litre. Nigeria’s subsidy budget of N3.6 trillion for this year, expires in June, 2023.

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