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Accounting, Engineering Skills to Become Obsolete as Technology Advances, Says Karl Toriola

MTN’s Chief Executive Officer Karl Toriola recently stated that with the rapid advancement of technology in today’s world, some skills will become obsolete as employers will begin to demand future relevant skills.

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Karl O Toriola - Investorsking.com

MTN’s Chief Executive Officer Karl Toriola recently stated that with the rapid advancement of technology in today’s world, some skills will become obsolete as employers will begin to demand future relevant skills.

He saidt skills such as Accounting and Engineering will fade away soon, all thanks to technology as many processes have become automated due to the introduction of Artificial Intelligence (AI), Cloud Computing, and Machine learning which performs tasks faster and more efficiently.

Mr. Karl also emphasized on the need for youths to possess future relevant skills which he disclosed will make them more employable and will also allow them to navigate future jobs.

In his words, “If it’s accounting or law that you’re studying, or if it is engineering, going by the way we teach engineering, a lot of that knowledge is going to become near obsolete, because there are apps that are going to do all those calculations, or you plug in the court case, it picks up the few keywords, using the artificial intelligence and tells you, this is the best defense, etc.

A lot of those skills are obsolete, and they have been effectively enmeshed into our computing and knowledge system that doesn’t require the human brain for it, and they can pull on it when they need it.

“So, the skills that are needed for the future are skills around being able to imagine things in a completely different light, reinvent business models, change the way things are done, increase things on productivity like food production; help with environmental issues like waste management, and all the other issues that are facing the world of tomorrow”.

He also disclosed that the area of content creation will become a very hot cake in the future, while noting that it is ideal for youths to learn skills that are in high demand, which will make them highly sought after by brands and organizations.

Due to the ever-changing nature of technology with the world rapidly evolving into a digital era, employers are now stressing the importance of future skills, skills that go beyond one’s qualifications.

This means that those who fail to upskill will cease to remain relevant in their industry, which will inevitably put them behind those who have properly equipped themselves with future relevant skills, Investors King understands.

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FG to Sanction NNPC, FIRS, and Others For Backdoor Recruitment

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The federal government has disclosed that it will sanction the Nigerian National Petroleum Company (NNPC) and the Federal Inland Revenue Service (FIRS) among other MDA involved in backdoor recruitment. 

Investors King learnt that other big agencies alleged to have engaged in backdoor recruitment include the Central Bank of Nigeria (CBN) and the Nigeria Customs Service (NCS). 

The numerous recruitments are done despite the embargo put in place by the office of the head of civil service.

Investigations showed that while some agencies issued employment letters to jobseekers without recourse to the Office of the Head of Civil Service of the Federation and the Federal Civil Service Commission, others simply replaced retired or dead officials with friends and family members.

It could be recalled that in 2019, the Nigerian National Petroleum Corporation was reported to have employed many individuals without following the due recruitment process. This secret recruitment received condemnation from far and wide including from pressure and regional groups. 

One of the pressure groups, the Niger Delta Youth Consort of Nigeria protested against the NNPC for excluding the region and southerners in the secret recruitment.

Although NNPC denied the secret recruitment claiming that what the company did was fill the vacancies with personnel who were already in the system and were qualified rather than recruiting fresh ones from outside the system.

In the same vein, the Federal Inland Revenue Service was also enmeshed in a recruitment scandal in 2021 after it emerged that it secretly engaged 2,000 workers, a development that put a strain on its budget.

This was made known through a petition written to the Chairman of FIRS, Muhammed Namu by the Nigerian Civil Service Union.

On its part, the Nigeria Customs Service denied engaging in secret recruitment, stating that all its recruitment are often published, however, there has been an issue of lopsidedness in many of the recruitment made by the service with a significant advantage to the northern part of the country. 

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Aviation Workers Kick Against the Concession of Murtala Muhammed Airport, Others

Aviation Unions have vowed to resist any attempt to concession any of the Nigerian International Airports amid a series of labour issues left unresolved. 

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Aviation Unions have vowed to resist any attempt to concession any of the Nigerian International Airports amid a series of labour issues left unresolved. 

Rising from an emergency congress at the headquarters of the Federal Airport Authority of Nigeria (FAAN), aviation unions noted that since the decision to concession the four most important airports in Nigeria was taken, the unions have vigorously opposed the idea.

The unions which attended the emergence congress include the Air Transport Senior Staff Association of Nigeria, the National Union of Air Transport Employees, and the Association of Nigeria Aviation Professionals.

Investors King could recall that the Federal Government is planning to concession four major international airports in Nigeria which include the Nnamdi Azikiwe International Airport, Abuja, Murtala Mohammed International Airports, Lagos, Mallam Aminu Kano International Airport, Kano, and Port Harcourt International Airport. 

According to the government, the concessions which are currently ongoing will usher more investment into the country’s aviation industry. 

Following the successful concession of the four major international airports, the government also intends to concession at least 17 other airports which are under the management of the Federal Airports Authority of Nigeria (FAAN). 

Meanwhile, the Minister of Aviation, Senator Hadi Sikira has announced the preferred bidders for three of the four international airports up for grabs. 

The minister announced Corporation America Airports Consortium as the preferred bidder for Nnamdi Azikiwe International Airport, Abuja while the preferred bidder for Murtala Mohammed International Airports was TAV/NAHCO Project Planet Limited. 

He added further that Corporation America Airports Consortium also emerged as the preferred bidder for Mallam Aminu Kano International Airport, Kano. 

In preparation for the concession, the minister of aviation has issued a directive for the demolition of the office of FAAN, the Nigeria Airspace Management Agency, and the Nigerian Civil Aviation Authority in Lagos.

This directive however did not go down well with aviation unions who alleged a lack of trust and transparency on the part of the minister. 

The unions observed that the rush to deliver the project at all costs showed some suspicion which could create a disaster for the country’s aviation industry. 

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Twitter to End Remote Work, Staff to Work 40 Hours a Week

Elon Musk has suspended remote work for the social media staff while he also noted that employees will now work 40 hours a week, an email sent to staff stated. 

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Elon Musk and Twitter

Twitter’s new owner, Elon Musk has suspended remote work for the social media staff while he also noted that employees will now work 40 hours a week, an email sent to staff stated. 

Investors King understands that the new work policy is coming after the company sacked 3,700 workers last week, about half of Twitter’s workforce. The cut in the workforce will subsequently require more working hours from the unaffected staff. 

In addition, Musk also stated in the email message that the “road ahead is arduous and will require intense work to succeed”. He added that “difficult times” lie ahead. 

In contrast to this, the microblogging platform informed its staff in May 2020, that the company would allow staff to work from home “forever”, if they wish because it recorded huge success during the pandemic lockdown. 

However, Musk who is also the CEO of Tesla and Word richest man noted that there could be exceptions in special conditions after such a case has been personally vetted by himself. 

“Remote work is no longer allowed, unless you have a specific exception. Managers will send the exception lists to me for review and approval,” Musk wrote in the email. 

Meanwhile, Elon Musk has revealed that Twitter is having a massive drop in revenue due to the suspension of paid advertisements on the platform by some notable brands.

It will be recalled that high-spending brands such as Volkswagen, Ford, and General Motors have suspended paid advertisements on Twitter. 

The brands had raised concerns with the new policy which the social media policy will adopt. 

Elon Musk had hinted that a number of banned accounts which includes Donald Trump’s will be reinstated while the platform will be open to “free speech”. 

Therefore, a handful of brands that are concerned that the platform will eventually open its floor for hate speech and divisive content are worried about what might be the effects of it. 

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