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.
- MTN Nigeria Communications Plc (MTNN) – Strong telecom growth and 5G expansion.
- Dangote Cement Plc (DANGCEM) – Leading cement maker benefiting from infrastructure demand.
- Guinness Nigeria Plc (GUINNESS) – Consumer stock with solid turnaround potential.
- Okomu Oil Palm Plc (OKOMUOIL) – Agriculture stock tied to palm oil demand.
- Seplat Energy Plc (SEPLAT) – Energy player with gas and oil sector exposure.
- Zenith Bank Plc (ZENITHBANK) – Tier-1 bank with strong financial performance.
- Guaranty Trust Holding Company Plc (GTCO) – Leading bank with diversified revenue streams.
- Presco Plc (PRESCO) – Palm oil producer with export and dividend potential.
- NASCON Allied Industries Plc (NASCON) – FMCG stock with strong fundamentals.
- Aradel Holdings Plc (ARADEL) – Growing energy sector stock with upstream exposure.
It has been noted that the National Youth Service Corps (NYSC) and British American Tobacco Nigeria Foundation (BATNF) plan to renew their partnership in agribusiness.
The new project is to involve youth in the agriculture business, widen their horizons, and educate them about the agritech sector.
The general manager shared that “The foundation is not only providing grants but also building a system of mentorship, structure, and support that enables corps members to see agribusiness as a serious enterprise pathway.” The plan is to use the NYSC platform to engage youths.
Idi Mukhtar Maiha, Minister of Livestock Development, has revealed the government’s intention of placing women in the livestock transformation agenda that they have in store for Nigeria.
During a recent event, he praised women, describing them as the backbone of the country, and shared that the country will keep on needing their support, hence the inclusion of the agenda team.
He also praised the First Lady for the impact she has made in the country so far and her advocacy for women’s empowerment.
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