Lexy Blog

Vocational training and repairs Countries that have embraced technical training have witnessed lower unemployment rate, ingenuity in technological inventions, economic autonomy, and increased individual productivity. This is however lacking in Nigeria, even as it continues its quest of becoming one of the 20 leading economies by 2020, writes ALEXANDER CHIEJINA. Technical and vocational education (TVE) has been an integral part of national development strategies in many countries following its impact on productivity and economic development. While technical education contributions are widespread and visible ranging from metalwork technology, mechanical/ automobile technology, electrical and electronic technology, building and woodwork technology etc, this form of education has become change agents not only for technical systems but several societal changes. A close evaluation of public and private investment of TVE in European countries such as Germany, Sweden, Denmark, United K

Sanusi Lamido sanusi, CBN Governor Following recent post mergers in the industry, competition for blue chip companies’ account, rationalise expenditures and industry positioning is anticipated following the emerging banking landscape, writes ALEXANDER CHIEJINA Globally, economies and financial markets were challenged in 2011 following the eurozone debt crisis and its undercurrents which swept through emerging and developed markets albeit in varied dimensions. Heightened sovereign risks for debt-ridden Greece sent shivers down the spines of European banks and the global corporate world with substantial exposures to the Euro. However, the United States of America continued to witness calls for reduced budget deficits amidst rising unemployment and worsening sovereign ratings. Going home, the Nigerian banking sector had come a long way; from the near death experience it had during the depth of the global financial crises in 2008. At that time, there was limited visibility on the impa

Lafarge Pakistan Cement    Recently, the Federal Government announced its preparedness to become self sufficient in cement production as manufacturers are expected to begin production in their respective expansion projects. While this has received applause, Nigerians are on the lookout for cheaper product, writes Alexander Chiejina If policy pronouncements alone could translate into good governance, the present administration would have been riding on high public approval rating. One of such pronouncements is the recent promise by President Goodluck Jonathan to stop the importation of cement into the country by the first quarter of 2012. This statement is in several quarters as a move towards making the nation self-sufficient in cement production for export to countries within the West African sub region, given the incentives in place to encourage trading and the African continent at large. With worldwide cement consumption projected to reach a record 3859 metric tonnes by 201