ASUU'S DEMAND FROM FG

For those who do not understand "Why ASUU is on strike" - Please read this and share widely.....

1. Less than 10% of the universities have Video Conferencing facility.

2. Less than 20% of the universities use Interactive Boards

3.More than 50% don’t use Public Address System in their lecture OVERCROWDED rooms/theatres.

4. Internet Services are non-existent,or epileptic and slow IN 99% of Nigerian Universities

5. Nigerian Universities Library resources are outdated and manually operated. Book shelves are homes to rats/cockroaches

6.No university library in Nigeria is fully automated. Less than 35% are partially automated.

7. 701 Development projects in Nigerian universities 163 (23.3%) are abandoned 538 (76.7%) are PERPETUALLY on-going projects

8. Some of the abandoned projects in Nigerian universities are over 15 years old, some are over 40 years old.

9. 76% of Nigerian universities use well as source of water, 45% use pit latrine, 67% of students use bush as toilet

10. UNN and UDUS have the highest number of abandoned projects (22 and 16 respectively).

11. All NDDC projects across universities in Niger Delta States are abandoned. About 84.6% of them are students’ hostels

12. 77% of Nigerian universities can be classified as "Glorified Primary Schools" Laboratories are non existing

13. There are 8 on-going projects at the Nasarawa State University, Keffi. None of them is funded by the State Government

14. 80% of Nigerian Universities are grossly under-staffed

15. 78% of Nigerian Universities rely heavily on part-time and visiting lecturers.

16. 88% of Nigerian Universities have under-qualified Academics

17. 90% of Nigerian Universities are bottom-heavy (with junior lecturers forming large chunk of the workforce)

18. Only 2% of Nigerian Universities attract expatriate lecturers, over 80% of Ghanian Universities attract same

19. 89% of Nigerian Universities have ‘closed’ (homogeneous staff – in terms of ethno-cultural background)

20. Based on the available data, there are 37,504 Academics in Nigerian Public Universities

21. 83% of the lecturers in Nigerian universities are male while 17% are female.

22. 23,030 (61.0%) of the lecturers are employed in Federal universities while 14,474 (39.0%) teach in State Universities.

23. The teaching staff-students ratio is EMBARRASSINGLY very high in many universities:

24. LECTURER STUDENT RATIO: National Open University of Nigeria 1:363 University of Abuja 1:122 Lagos State University 1:111

25. (Compare the above with Harvard 1:4; MIT 1:9; Yale 1:4, Cambridge 1:3; NUS 1:12; KFUPM 1:9; Technion 1:15).

26. Nigerian Universities Instead of having 100% Academics having PhDs, only about 43% do so. The remaining 57% have no PhDs

27. Nigerian University medical students trained in the most dangerous environment, some only see medical tools in books

28. Only 7 Nigerian Universities have up to 60% of their teaching staff with PhD qualifications

29. While majority of the universities in the country are grossly understaffed, a few cases present a pathetic picture

30. There are universities in Nigeria which the total number of Professors is not more than Five (5)

Hot ASUU strike Debate!!

ASUU STRIKE DEBATE!
At this juncture, should ASUU call of the strike or just continue till federal government respond to their plights?

MY OPINION
ASUU made a mistake by not receiving the initial 100 billion Federal Government offered them. Since that has gone, Federal Government should at least add to the 100 billion they initially gave them so as to end the strike and students can resume back to their lecture rooms. the addition of 100 billion to the initial money they were given would be a 50 : 50 fair play.

WHAT IS YOUR VIEW, KEEP THE DEBATE GOING!!
COMMENT BELOW!!  

WAYS OF TACKLING CORRUPTION IN NIGERIA

WAYS OF TACKLING CORRUPTION IN NIGERIA

By Akindele Olabode T.

Corruption the bane of many countries of the world! When will you leave planet earth to settle in other planets? Corruption, the hindrance to the development of many countries of the world! Corruption, we hope not to hear of you in few more years to come! Researchers have talked of corruption from the different classes (Elaine Byrne, 2009). Some which includes the systematic corruption, sporadic (individual) corruption, political (grand) corruption, petty corruption and legal and moral corruption (Elaine Byrne 2007). Corruption is a very broad concept that can be discussed in category but this write-up will be considering the general ways all form of corruption can be tackled.

Corruption can be defined as a dishonest behavior by those in positions of powers, such as managers or government officials. Corruption can include giving and accepting bribe or inappropriate gifts, double dealing, under-the-table transactions, manipulating elections, diverting funds, laundering money and defrauding investors (investopedia). From the writers perspective, corruption can be referred to as dishonesty against someone or group of people. Despite the technicality of the concept of corruption, the writer seems to use only a sentence to describe this concept. This is because before corruption can occur, there has to be the involvement of people; therefore, it is a form of dishonesty against the other person. Describing corruption from the governmental aspect, it is when the individuals in public offices refuse to carry out the will of the people that elected them. Describing from the individual aspect, it could be when a person falsify a particular document which ought not to be falsified so to get the third party to assent. It could also be receiving secret incentives to perform the job you are been employed to perform. All this still bores down to human beings.

`           BRIEF COMMENTARY ON CORRUPTION IN NIGERIA

Corruption is an inevitable practice in any country of the world by both the leaders and the citizens. Corruption might be regarded as a characteristic of Nigeria but the fact remains that no country in the world is immune from this practice  it only varies from one country to the other or better still, it reduced in some countries than the other therefore Nigeria should not been seen as the most corrupt country in the world or the only country suffering from corruption. Corruption however is been seen by Nigerians as only the dishonesty or injustice of the government towards the masses. This is not so! Corruption is being and can be practiced by the citizens of the country. Some people go about changing their date of birth on birth certificates and do not regard this as corruption but only see the in-actions of the government as corruption.

Corruption can occur at the small scale level or the large scale level. The corruption at the small scale level is often referred to as the ‘petty’ corruption.  An example of this corruption can be using small gifts to get favor from an individual or a company. This form of corruption is what occurs among the citizens of the country. These corruptions are not seen as corruption among the citizens. Then the type of corruption that occurs at the higher level or governmental agencies which affect the citizens negatively is the ‘Grand’ corruption.

As recommended by the writer, reducing the incidence of corruption in Nigeria is a collective effort and responsibility of every citizens of the country. We all have our roles to play in reducing corruption in Nigeria. It cannot be reduced by the government alone, we have to start this reduction individually so to bring about collective reduction in Nigeria.

Citizens’ contributions to reducing corruption in Nigeria

1. We should do our Jobs with all faithfulness, honesty and dignity without waiting for secret incentives before we do them. Just like the National Pledge of the Federal Republic of Nigeria reads “I pledge to Nigeria my country to be faithful, loyal and honest” we should ensure that this profession we make on daily basis be a driving factor for us on daily basis.

2. We should stop the habit of falsifying documents so as to get them assented. This practice is very common in the civil service and should be stopped.

3. We should endeavor not to give people bribes to people in other for them to carry out the responsibilities they are employed to do. They should do it because it is their duty.

4. As students, we should not look for shortcuts to pass examination.

5.  We often say the children are the leaders of tomorrow but this seems to be a mirage. The habit of giving children tips to run errands for us. If this is not stopped, the future of the country is blinking.

6. We should try and not be instruments to the politicians to carry out their evil deeds during election periods and any other time.

7. It has been noticed that the mass media has not been helping in the area of fighting corruption. The mass media should be a catalyst of change in this aspect. They should ensure that the keep the masses abreast of reasons why we should be corruption free and educate the masses on how, the need to reduce corruption

8. Lastly, we should be a patriotic citizen. Patriotism goes a long way to reducing corruption because we would always have the development of the country at heart and would not want to do anything deter the development of the country. This is one of the lessons to be beheld from a typical American citizen. He loves his country and he is always ready to sacrifice whatever cost for the uprightness of the country. 

                                                                                                                            akindelebode@gmail.com

akpos again! lol. you need to read this

A yoruba pastor added Akpos
on
BBM 3 Mins later his msg
came in:.
Pastor: how are you?
Akpos: am fine my daddy.
Pastor: may the building of
heavenly favour collapse on
your head
Akpos: (no reply)
Pastor: may the thunder of
Blessing strike you and your
family.
Akpos: (no reply)
Pastor: are you there?
Akpos: yes my daddy
Pastor: you should be saying
amen to claim the Blesings.
Akpos: ok, May over speeding
trailer of blessings jam/crush
you and your family like a
moving train, faster than the
speed of light in Jesus name.
pastor: thunder fire you
One word for Akpos?

ASUU STRIKE CALLED OFF

At long last, ASUU finally calls off strike after 105 days of industrial action. The federal government agreed to meet the demands of the union and tells them that a meeting will be held to sign and handover the cheque to them. however, the calling off of the strike was on the condition that they would not  ask them for any money again for the next 5 years. ASUU agreed to this term and said the meeting would be held tomorrow....more update soon.
Chibudi wakes up from his DREAM after a long night!! lol!! make una go find work oo. this strike fit last one year ooo. Lmao

DID YOU KNOW?

Do you know that the 50 stars on the American flag represents the 50 states in America? It does represent the 50 states in America

The benefits of National Insurance Commission(NICOM) on Nigeria Insurance Companies

The benefits of national insurance commission on Nigeria insurance companies

By Akindele Olabode. T.

The benefit of a commission such as the national insurance commission cannot be overemphasised because of the cogent importance it plays in the development of insurance in any country. However, it would be uncalled for if a brief history of the commission is not discussed together with their objectives and functions.

The National Insurance Commission is a statutory agency of the federal government of Nigeria established for the regulation of the activities of the insurance businesses in Nigeria. What brought about the establishment of the commission was the report of J.C Obande commission in 1961. It led to the establishment of department of insurance in the ministry of trade which later became the ministry of finance. This report also led to the enactment of insurance company act 1961, which came to effect in 1967. The 1961 ACT focused mainly on the activities of direct insurer, made provision for registration and record keeping. In 1968, insurance keeping regulation was put in place to facilitate the implementation of ACT NO 58 of 1961 which then classified insurance business into different classes for registration and relevant forms of record keeping.

Insurance decree NO 59 of 1976 was enacted putting together the provision of various laws. The 1979 Decree among others made some other provisions. The company derives its regulatory power from the National Insurance Commission ACT of 1997 and the insurance ACT 2003.

The principal objective of the commission is to ensure the effective administration, supervision, regulation and control of insurance businesses. By effective administration, it means the commission is more concerned about the smooth running of all insurance organization within the country; it does not want anything that could hinder their smooth running. Supervision here means the commission monitors the affairs of the insurance company within the country. This includes their dealings with people, businesses, organizations and the foreign transactions.  They also supervise the policies they make for the insurance companies. They make sure they are properly implemented without hindrances. Regulation means the conduct of guiding the affairs of the insurance industry. National insurance commission does this and also controlling.

Accordingly, insurance/reinsurance companies, insurance brokers, loss adjusters and agents fall within the regulatory purview of the commission. The insurance commission also has some other objectives which include giving expertise advice to the insurance company. The insurance company can go to the national insurance commission whenever they run into trouble. Such trouble could be as a result of a particular policy they need to follow or how they would go about a particular hullabaloo they are facing.

They also have the objective of making the Nigerian Insurance company being able to compete with their counterparts anywhere in the world most essentially advanced countries of the world, they strife so hard to achieve this.

Upon discussing the objectives of the national insurance commission, there is no doubt that the insurance commission have some functions they perform. Some which includes;

Establish standards for the conduct of insurance business in Nigeria. National insurance commission (NICOM) has the function of creating standards which is expected to be met by Insurance companies so as to enhance their efficiency. They create such standards to enable insurance companies within the country to be able to match with other companies in the world. Such standards are often gotten from the standards of other country or legal procedures such as the basic elements of a contract like the offer, acceptance, and consideration. Offer can be regarded to as a proposal made by the prospective insured to the insurer. This is because it is the insured that walks up to the insurance company to request a policy. Acceptance can be defined as an agreement to the proposal made by the prospective insured. In law  of  contract, consideration has being defined as some  right, interest, profit or benefit occurring to one party, or some forbearance, detriment, loss or responsibility given suffered or undertaken by the other. The standard may take a form of capital outlay which is also referred to as re-capitalization in the Insurance Industry which is recently 2 billion for life assurance, 3 billion for non-live assurance and re-insurance business is 10 billion. The other standards could be the laid down principles that insurance companies must use as a criteria before they can accept anybody or companies risk.

Approve rates of insurance premium to be paid in respect of all classes of insurance. It is the national insurance commission that is saddled with the responsibility of approving the rates that must be charged on risks the Insurance Company wants to acquire. Insurance companies may suggest rates but it is the National Insurance Commission (NICOM) that approves it, stating whether it is too high or too low for the type of risk it wants to acquire. This is done in other for the insurance companies not to have little or no differences in the rates charged as premium on risks depending on how huge the risk might be.

Ensure adequate protection of strategic government property. National Insurance Commission (NICOM) has the function of acting on behalf of the government. In other words, the national Insurance Commission (NICOM) accepts the risk of government at all levels and ensures that they are protected strategically. Just like the central bank of any country that serves as the government`s bank in performing transactions  on behalf of the government so as the National Insurance Commission (NICOM) that performs insurance transactions on behalf of the government. Such transactions include protecting government properties, making discussions with the outside world on insurance related issues.

Regulate transactions between insurers and re-insurance in Nigeria and those outside Nigeria. An insurer can be defined as an organization that accepts to transfer the risk of others, business to itself while re-insurer can be defined as an organization that transfer the risk of other insurance organization to itself. National insurance Commission (NICOM) often regulates the transactions that exist among this organization and that of other insurance organization outside the country.

Act as an advisory body to the federal government on all insurance related matters. National  insurance commission often gives the government of the federal republic of Nigeria advice concerning insurance issues of its country when the government is asked about the insurance issue of its country, National Insurance Commission (NICOM) gives advice on what ought to be done, how it should be done, how it should be insured. For example, if the government wants to ship a commodity that the price is very high and it is of high value, the insurance commission advise them on what to do and what ought to be done, the appropriate steps they are to follow.

Periodicals, for sale and distribution to the public, annual reports and statistics, on the insurance industry. The national insurance commission prepares the yearly report on how the insurance industry is doing, this report states the loss, profit made, net premium, the insurance companies that performed excellently in that year and some other things.  These periodicals are been sold and distributed to the public. Such periodicals help the individuals in the country to know which insurance company is the best for any type of insurance cover they want to acquire and it help them to know the insurance company that is best for the type of property they want to insure. This annual report does not help the prospective insured alone. It also helps the shareholders to know the company that is best for them to invest their money and also purchase shares that would yield huge dividend. The importance of these periodicals cannot still be overemphasised because it reveals to the international organizations, other countries of the world how well our insurance companies are doing which might motivate them to establish their own companies in Nigeria. The beauty of it does not stop there. Over the years, incomes from insurance have been one of the greatest additions to the national income of the country. This is revealed by the annual report published by the National Insurance Commission (NICOM).

They keep insurance companies and their members abreast of new information, new developments in the insurance world. The National Insurance Commission (NICOM) also performs the duty of making notice information from the insurance world to their members. They make sure their members are not ignorant of the news, development in the insurance world.

Apart from the functions of the national insurance commission, they are also empowered to perform little duties such as,                                                                                                                                  (A) Establishing a bureau to which complaints, against any insurer, reinsurer, insurance broker or loss adjuster (in this Decree referred to as “insurance institution”) may be submitted by members of the public.

            (B) Request or call for information from the federal ministries, extra-ministerial departments, statutory bodies and other government agencies on matters relating to insurance

            (B) Borrow such sum of money as the commission, may from time to time, require for performing its function under this Decree and

            (D) Acquire offices and other premises of use of the commission

VISION, MISSION, AND CORE VALUES OF NICOM

VISION: to be among the leading regulators of the insurance sector in the emerging markets.

MISSION: effective supervision of the Nigerian insurance industry for the attainment of a high ethical standard needed to position the industry as a leading market in the global economy. 

CORE VALUE: transparency, integrity, and efficiency.

Upon knowing a brief history about the National Insurance Commission (NICOM), knowing what it sets to achieve referred to as its objectives, and the functions they perform. We can now transcend to the main issue which is their benefit to Insurance Companies in Nigeria.  By benefit, we mean how they have been able to shape the Insurance Companies in other for it to be the best among the best.

Firstly, they have been of benefit to Insurance Companies in Nigeria through the provision of advice whenever it is needed. The National Insurance Commission (NICOM) has benefited many insurance companies through providing help inform of advice when it is needed. They give such advice in other for the companies not to go astray. In fact, in the organizational chart of the National insurance commission (NICOM), they dedicated a whole department for this purpose. An advice of the National Insurance Commission (NICOM) could go a long way. For example, a person who wants to establish and Insurance company can go to the National Insurance Commission (NICOM) to get a first class, genuine information on such rather than getting a third class information. They will tell such person the steps needed to be followed to achieve such goals, the initial capital that is needed and the necessary incentives that might need to be played.  The National Insurance Commission (NICOM) can even go to the extent of allotting him agents from their commission that will help in the establishment of the country without defying the principles of the establishment of Insurance companies.

Secondly, the National Insurance Commission (NICOM) has been a benefit to insurance company through some of their policy. Just like the mission of NICOM for the creation of a strong insurance industry as a leading market. National Insurance Commission has been able to make the Nigerian insurance companies strong and able to face any `stumbling blocks` that could come their way. The insurance companies benefit this one from insurance companies. In terms of capital, NICOM as recreated their capital base for stronger insurance companies.

Thirdly, equipped them to be able to compete with their international counterparts, The National Insurance has equipped insurance companies in Nigerian to  be able to stand with other  insurance companies in the world. This is done through mandating them to have some essential equipment that wills match that of the international companies. Also, they tell them the new technologies that must be in place for the development of their companies. in terms of human capital too, they stipulate the qualifications that the leaders of  the insurance companies must possess before the can perform in such positions.

 Also, insurance companies benefits from the National Insurance Commission in terms of training.  NICOM dimed it fit as part of their functions to always train the staffs recommended by the insurance companies with the state-of-the-heart facilities. They train them the same way they are trained in advanced countries; they train them to become experts, they even get people from other part of the world to handle the training process.  They also provide scholarships for the best and willing people.

Lastly, they scrutinize and check the leadership of insurance companies. Before anybody can be the managing director of insurance companies, they are properly checked by NICOM so that there won’t be a misconception in the choosing of leadership. This is a benefit for insurance companies because it gives them the privilege of being ruled by the most qualified persons so as not to cause problems in the nearest future. This is a very important factor because it demines the success or failure of such company and NICOM always want the industry to perform at its best.

Well, after discussing about the main topic which is the benefits of national insurance commission, it is advisable to look at the general overview of the national insurance commission on the country at large. Just stating how the benefits has been able to bring about development in Nigeria.

(1) It has brought about the reduction of fraud. How then is this possible? It is possible in the sense that the national insurance commission provide the yearly report of how the insurance company is doing. Through this process, all the registered insurance company would be listed in the annual report. Therefore, a person who wants to acquire a policy can refer to that book to know the registered insurance company and not get duped by just going to any mushroom insurance company.

(2) Provision of appropriate insurance company for covers. By this, it means that the report will provide each insurance company with the activities they specialize on, so when a person wants to acquire a cover, such person can pick up the report to know where best to go.

(3) It creates job opportunity. This is done through the development of National Insurance Commission (NICOM) into departments so has to be undertaken by different people. Also, the need for agents that assists people just coming into the insurance business also creates jobs.

(4) It increases the standard of living. Since job is being created, people will have money to buy the commodities that will satisfy their immediate want thereby increasing their standards of living.

Welcome!!

Welcome to Akindele Bode's blog named Information Blog Site.On this site, i promise to keep you updated oon pressing issues and topics that will be  useful in all ramifications of our life. we would debate about Economic issues and how they affect us a individuals in the society! God bless you as you stay updated! once again welcome!