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Group partner chamber of commerce for increased access to finance

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Nigerian Youth Compact on COVID-19 (NYCC-19) partners Chamber of Commerce for increased access to finance

Group partner chamber of commerce for increased access to finance

The Nigerian Youth Compact on COVID-19 (NYCC-19) has partnered the Nigerian Youth Chamber of Commerce to boost access to finance from the Central Bank of Nigeria (CBN) for over 10 million youths in the country.

National Chairman of the youth compact, Malam Gambo Haruna, made the disclosure during the signing of a Memorandum of Understanding (MoU) for the training of 10 million youths, on Friday in Abuja.

The News Agency of Nigeria reports that the MoU was signed between the Youth Compact and the Nigerian Youth Chamber of Commerce with a view to facilitate access to the CBN Loan Entrepreneurship Training and Certification.

Haruna expressed optimism that the partnership would boost access to finance for over 10 million Nigerian youths to establish functional enterprises and create over 30 million jobs in the next two years.

According to him, a delegation of the Nigerian youth will be meeting with the Governor of Central Bank of Nigeria within the next seven days, to develop modalities to get the project going.

Haruna explained that the partnership was strategic and timely, considering the urgency for economic recovery created by the COVID-19 pandemic.

He said that the proposed partnership would complement efforts of the government to save the economy.

The youth leader expressed hope that the partnership would stimulate MSMEs growth beyond the CÓVID-19 pandemic, create millions of jobs and contribute to non-oil revenue in the country.

Haruna said that over 50 per cent of the 200 million Nigerian population was made up of young people.

According to him, every year, over 1.8 million young people graduate from tertiary institutions.

He, however, said only 30 per cent would find some kind of employment, thereby leaving over 1.2 million graduates without jobs.

“Compound that in a generation and you have over 10 million youth unemployed, which is bigger than the population of Demark and Finland combined.

“ These are people with creative energies and aspirations to impact humanity positively.

“ It is sad, however,  that these aspirations are often cut short due to a myriad of problems from the cradle to adulthood.

“The Nigeria youth unemployment rate is projected to trend around 44 per cent in 2021.

“ The youth situation is worsened by the looming global recession as a result of the Coronavirus pandemic that has infected over 10 million people globally.”

Haruna advised government to put deliberate measures to reverse the ugly trends and cushion the impact of COVID-19 on the Nigerian youth, whose fate already hangs in the balance.

He said the N50 billion Targeted Credit Facility (TCF) set up by CBN to mitigate the impact of COVID-19 was laudable.

“Feedback from the field, however, shows that a critical mass of youth-led enterprises have not been able to access the facility due to set conditions,” he said.

 

The youth leader advised the government to create a special fund that would serve the needs of her burgeoning youth population.

“These needs are unique in all ramifications. There is no questioning the fact that these intervention measures have to be coordinated and driven by the organised private sector to achieve the desired impact.

“ We are at the threshold of history and the situation beckons on us to act. Surely, posterity will judge the actions we take today to build a more economically viable Nigeria,” he said.(NAN)

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Coronavirus

Senate urges FG to procure COVID-19 vaccines for Nigerians

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covid-19 Vaccine

Senate urges FG to procure COVID-19 vaccines for Nigerians

The Senate has urged the Federal Government to make sufficient funds available for procurement and administration of COVID-19 vaccines for Nigerians.

It described as unfortunate the failure by government to produce a plan for the purchase, distribution and administration of the therapy despite the fact that many nations globally had done so.

Adopting a motion sponsored on Thursday, Dec 3, by Senator Oloriegbe Ibrahim during plenary presided over by Senate President Ahmad Lawan in Abuja, the upper legislative chamber directed its Committee on Health and Primary Health Care to summon the Ministries of Health and Finance, as well as the Presidential Task Force (PTF) on COVID-19 and other relevant agencies for their plans.

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The lawmakers regretted that “the only plan on COVID-19 vaccine for Nigeria is the pledge by Global Alliance for Vaccine Initiative (GAVI) to support 20 per cent of the country’s requirement.”

This support, according to them, would cover only the cost of the treatment without taking care of logistics for distribution and administration.

The legislature added: “Despite the change in the epidemiology trends of the disease, the financial plan developed by the country and World Bank in April 2020 to fund the response to the pandemic is still being implemented without taking due cognisance of the changes by re-allocating the funds to vaccine procurement.”

It noted that failure to administer vaccines in the nation would result in Nigeria’s inability to contain further infections and a possible ban on Nigerians by countries across the world.

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COVID-19: Chinese Embassy Issues Nigerians and Other Nationals Travel Restrictions into China

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COVID-19: Chinese Embassy Issues Nigerians and Other Nationals Travel Restrictions into China

The Chinese authorities have issued fresh travel restrictions into China by Nigerians and other nationals in Nigeria holding valid Chinese visas or residence permits.

A public notice issued by the Embassy of China and Consulate in Nigeria today November 5, states that the decision was based on the COVID19 concerns in Nigeria. Other countries placed on temporary travel restrictions include the United Kingdom, Belgium, Luxembourg, Philippines, and a few others.

 

The Chinese embassy says it will no longer issue certified health declaration form for non-Chinese nationals in the country. It, however, said holders of diplomatic passports, courtesy, or C visas would not be affected by the regulation.

 

‘Notice of temporary suspension of entry into China by non-Chinese nationals in Nigeria holding valid Chinese visas or residence permits.’

Due to the COVID-19 pandemic, China has decided to temporarily suspend entry into China by non-Chinese nationals in Nigeria holding visas or residence permits still valid at the time of this announcement.

The Chinese Embassy and Consulate in Nigeria will no longer issue a certified health declaration form for the above-mentioned personnel. Entry by holders of diplomatic service, courtesy or C visas will not be affected.

Foreign nationals visiting China for emergency needs may apply for visas at the Chinese Embassy or Consulate. Entry by non-Chinese nationals in Nigeria with visas issued after November 3, 2020, will not be affected.” the public notice read

Reacting to the development, the spokesman, Chinese Foreign Affairs Ministry, Wang Wenbin, told AFP that the entry suspension was a legitimate and valid move consistent with international customary practices.

 

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Woman loses hearing in one ear after mild Covid-19 infection

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Woman loses hearing in one ear after mild Covid-19 infection

A woman identified as Meredith Harrell lost her hearing in one ear after mild Covid-19 Infection.

According to Elizabeth Cohen, CNN Senior Medical Correspondent, Harrell was walking from her backyard into the house, her right ear suddenly started to ring.

She realized that, other than the ringing, she couldn’t hear anything out of that ear.”It was like someone flipped a switch,” she said.

Harrell’s hearing loss was a mystery until about a week later, when she took a Covid-19 test. It was positive.

Even though she never felt sick, an otologist — a doctor who specializes in hearing — explained to Harrell that the virus was likely the culprit.Meredith Harrell with her son, Mason. The family tested positive for Covid-19.Meredith Harrell with her son, Mason. The family tested positive for Covid-19.

Viruses such as measles, mumps and meningitis are known to sometimes cause sudden hearing loss, and there’s growing evidence that the novel coronavirus should be added to the list.

“We’re hearing more and more that people have hearing loss as part of their Covid infection,” said Dr. Matthew Stewart, associate professor of otolaryngology at Johns Hopkins Medicine.

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There are no statistics on how common it is for people who’ve had Covid-19 to experience hearing loss, but a few small studies point to a possible link.

A team in Manchester, England, asked Covid-19 patients eight weeks after they’d been discharged from the hospital whether they’d experienced any hearing changes or ringing in their ears.

Of the 138 patients in the study, published in the International Journal of Audiology, 13% said yes.

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He said the reason is that the coronavirus is known to cause blood clots in other areas of the body, and he thinks that could be happening in the “extremely small blood vessels” in the inner ear.

Kevin Munro, an audiological scientist who co-authored the study in Manchester, said he thinks that theory makes sense.”

The capillaries in the inner ear are the smallest in the human body, so it wouldn’t take much to block them,” he said.

Munro and his team at the University of Manchester are planning larger studies on Covid-19 and hearing loss.

Until then, they’re not sure why it seems like some Covid-19 patients develop hearing loss while others don’t.

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