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NASIMS Assures NPower Batch C2 Beneficiaries of Stipend Arrears Payment 

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As beneficiaries of the NPower Batch C Stream 2 expressed their displeasure over delay in the payment of their monthly stipends, the National Social Investment Management System (NASIMS) has promised to look into the situation.

Investors King gathered that the beneficiaries of the NPower Batch C2 scheme are being owed three months stipend.

The affected volunteers took to social media when NASIMS posted a happy new year image lamenting under the post.

They decried the continuous delay of their stipend payment despite their numerous appeals to the government.

In its response, the Npower management under the National Social Investment Management System (NASIMS) has promised to attend to them this new year.

“We acknowledge that we have not fulfilled their obligations towards the Batch C2 graduate category beneficiaries, and it is regrettable too.

“However, we are hoping to turn things around in this new year. Kindly remain diligent and positive while we do that,” the comment read.

The NPower programme is one of the four programmes under the National Social Investment Programme of the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development.

Investors King reports that since its establishment in 2016 by President Muhammadu Buhari, three sets of Npower beneficiaries have completed their programme and exited from the scheme. The NPower programme was designed to equip Nigerians of age 18 to 35 with employability and entrepreneurship skills which will enable them to become practical solution providers in their various communities for national development.

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Travel

IATA Reveals 16.6% Rise in Global Flight Demand for January 2024

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The International Air Transport Association (IATA) has unveiled statistics indicating a surge in global flight demand for January 2024.

According to the latest report released by the IATA, passenger demand, measured in revenue passenger kilometers, rose by 16.6%.

This surge was particularly pronounced in international air travel with a 20.8% increase in demand. Simultaneously, capacity saw a 20.9% boost, resulting in a load factor of 79.7%.

Domestically, demand rose by 10.4% with a capacity increase of 4.6%, and a notable 4.2 percentage point surge in load factor, reaching 80.2%.

Willie Walsh, the Director General of IATA, expressed optimism about the industry’s resilience despite prevailing economic and geopolitical uncertainties.

He emphasized the crucial role of aviation as a catalyst for economic growth, urging governments to adopt policies that facilitate cost reduction, enhance efficiency, and advance towards the ambitious target of achieving net-zero CO2 emissions by 2050.

African airlines notably observed an 18.5% surge in traffic, albeit with a slight decline in load factor to 73.3%.

The report also highlighted China’s robust domestic demand driven by Lunar New Year travel, prompting carriers to increase capacity, particularly through wide-body jet deployment.

As the aviation industry charts a course into 2024, the robust start to the year signals resilience amidst challenges, with stakeholders eyeing sustainable growth and innovation to navigate the evolving landscape of global air travel.

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Travel

Nigeria Excluded as UAE Unveils 5-Year Multiple-Entry Tourist Visa

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The United Arab Emirates (UAE) has announced a five-year multiple-entry tourist visa to offer increased flexibility for travelers.

However, Nigeria finds itself excluded from this favorable arrangement due to the strained diplomatic relations between the two countries.

The new visa policy enables tourists from eligible nations to enter and exit the UAE multiple times over a five-year period, provided they spend at least 90 days in the country during each visit.

It aims to enhance tourism and facilitate business interactions, aligning with the UAE’s vision of becoming a global economic hub.

Nigeria’s exclusion from the five-year visa offering stems from a series of diplomatic disputes and travel restrictions between the two nations.

In 2022, the UAE abruptly halted the issuance of visas to Nigerian citizens, along with those from 19 other African countries, without providing detailed explanations.

This move disrupted travel and business ties between the nations, including the suspension of flights by Emirates Airline from Nigeria due to financial disputes.

While the UAE’s new visa scheme promises increased ease of travel and extended stays for tourists, Nigerians remain sidelined from these benefits.

The exclusion underscores the need for diplomatic efforts to mend relations and restore normalcy in bilateral affairs.

Nigerian officials have yet to issue a formal response to the UAE’s latest visa policy.

However, it highlights the challenges facing Nigerian travelers and the urgency for constructive dialogue to address underlying tensions and foster cooperation between the two nations.

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Sport Business

Joshua Dominates Ngannou with Second-Round Knockout in Saudi Arabia Showdown

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Nigerian British boxer Anthony Joshua showcased his prowess by delivering a second-round knockout against UFC heavyweight champion Francis Ngannou.

The thrilling encounter unfolded with Joshua demonstrating his technical skill and power, overwhelming Ngannou with his calculated strikes.

From the outset, Joshua asserted his dominance, landing a formidable right hand in the opening round that set the tone for the match.

Despite Ngannou’s resilience, Joshua continued to press forward, maintaining control of the bout.

As the second round commenced, Joshua unleashed another powerful right hand that visibly rocked Ngannou.

Despite his efforts, Ngannou found himself on the canvas once more, unable to withstand Joshua’s onslaught.

The referee swiftly called an end to the contest, declaring Joshua the victor by knockout.

The electrifying showdown left fans in awe as Joshua’s precision and strength proved too much for Ngannou to handle.

Although Ngannou required medical attention post-fight, Joshua’s display of sportsmanship and skill highlighted his status as a formidable force in the world of boxing.

The victory solidifies Joshua’s position as a top heavyweight contender and sets the stage for future thrilling matchups in the world of combat sports.

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