Business
ASUP Threatens Strike Over New Polytechnic Scheme
The Academic Staff Union of Polytechnics (ASUP) has threatened to initiate a strike if the government does not suspend the recently implemented Scheme of Service for Nigerian Polytechnics, effective June 7.
This announcement follows an emergency congress held at Auchi Polytechnic, Edo State, where ASUP expressed strong dissatisfaction with the new scheme.
According to ASUP’s Chairman for the Auchi Chapter, Bamidele Osamudiamen, the new scheme is seen as a setback for the growth of polytechnic education, particularly in terms of career progression for lecturers.
He criticized the scheme for perpetuating disparities between holders of university degrees and Higher National Diplomas (HNDs), and for imposing an extended and inequitable career progression timeline on lecturers.
The Rector of Auchi Polytechnic, Dr Salisu Umar, echoed these concerns, emphasizing that the scheme could undermine polytechnic education in Nigeria and called for its suspension due to numerous irregularities and biases against polytechnic lecturers.
Business
Aliko Dangote Speaks on His Children and Carrying on His Family Name
Aliko Dangote speaks on his lineage and addresses not having a son as he was asked about not having a son to carry his name and achievements.
“That is not my priority because God controls everything. You can pray for God to give you a son, but he might be the one to take down the name of the family.”
Instead, he shared that he does not mind not having a son. “I don’t think a son would have done better than the three daughters I have.”
Aside from that, he was also asked about giving advice to young Nigerians. “Work hard, be consistent, focused and know what you want to do.”
Business
Dangote Investment Draws Huge Traffic to Bamboo, Cowrywise Platforms
It can be reported that following Aliko Dangote’s investment opportunity, some investment platforms are experiencing huge traffic, causing their platforms to become slow and go down.
Two platforms openly announced their issues. Bamboo said “Hey everyone, we’re getting a much higher than expected traffic trying to get into the Dangote IPO and it’s making it difficult for some users to log into the Bamboo app. We’re working on a fix and it will be up and running shortly.”
Cowrywise also said “We’re currently seeing more traffic than usual on the Cowrywise app. Our team is already on it and working to get things back to normal. Thanks for your patience, everyone.”
Business
Economist Bismarck Rewane Speaks on Dangote Refinery Investment
Nigerian economist Bismarck Rewane advises Nigerians financially, sharing that Nigerians should engage in the Dangote Refinery initial public offering (IPO). He stated that it was a good investment.
He shared “You are better off with your N5,000 share than selling your PVC for N10,000 or N15,000 and consuming it,” Rewane said.
“If you can get 10 million shareholders to participate in the IPO, the Dangote Refinery will have the largest number of shareholders in the world,” he said.
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