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Job: Nigeria, Britain partner to combat unemployment

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The Nigerian government has expressed its willingness to partner with the British Government in tackling unemployment and creating job opportunities for young persons in the country. The Minister of State for Labour and Employment, Dr Festus Keyamo, with the Political Counsellor, British High Commission, Mr Dominic Williams. PHOTO: NAN The Minister of State for  Labour  and Employment, Dr Festus Keyamo, stated this when the Political Counsellor, British High Commission, Mr Dominic Williams, paid him a courtesy visit in Abuja. “We are ready to collaborate with our partners all over the world to open up avenues for job creation. We are open to all kinds of suggestions and levels of co-operation,” he said. He disclosed that the Government has opened up other sectors as part of efforts to diversify the economy from oil, which would, in turn, create room for employment. According to him, part of the efforts of Government to diversify the economy and boost job creation...
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Nigeria accounts for 40% of our businesses in Africa – CEO, Continental Re

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Dr. Femi Oyetunji, Group Managing Director/CEO, Continental Reinsurance, CRe Plc, in this interview with Financial Vanguard, spoke on issues affecting the insurance and reinsurance business in Africa. Excerpts: By Peter Egwuatu T HE insurance companies in Nigeria and Africa have not been performing well enough when compared to their counterparts in the global space, what is the reason? Capitalization has been the major problem in Africa that affects insurance and reinsurance companies and has contributed to why they cannot get big ticket transactions. The insurance companies need continuous recapitalization to meet demands from major sectors that are highly capitalized. Femi Oyetunji Insurance sector in Nigeria is faced with the same issues like most other countries. We need well and highly capitalised companies. Personally, this is the same sentiment I expressed in 2005 and 2006. It is time for insurance companies in Nigeria to consider merging with one another to bu...