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EDUCATION

NECO Reschedules 2021 National Common Entrance Examination

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The National Examinations Council, NECO has rescheduled the 2021 National Common Entrance Examination, NCEE, into Federal Unity Colleges to Saturday, June 5, 2021, as approved by the Federal Ministry of Education.

A statement by the Head Information and Public Relations Division of NECO, Azeez Sani, said the examination which was initially scheduled for Saturday, May 29, 2021, was rescheduled to give states with low registration of candidates the opportunity to register their candidates for the examination.

The statement noted that all candidates, parents, guardians, and relevant stakeholders are, therefore enjoined to take note of the new date for the examination.

The statement added that the registration of candidates will continue till the new date of the examination and candidates, parents, and guardians are advised to download the new examination timetable from the Council’s website.

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EDUCATION

Economic Model That Will Create Value for Mankind

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A Day Out With Young Executive: Abraham John Onoja.

By Akogu Yusuf

Running a Business in the aftermath of Covid19 in Nigeria…

We are in the middle of another crisis triggered by the COVID-19 pandemic. A ‘clean reset’ and ‘building back better’ have been spoken about a lot: creating a more sustainable society. No evidence exists to indicate that we have. Yet, I believe that, even though they have not been completely realized, some important improvements have been made. Coronavirus disease (COVID-19) is an infectious disease that, in one way or another, has crippled many businesses in the society.

Sustainability assumes that developing such strategies encourages the survival of the business. Without economic development and the production of financial value, we will not survive for long. In the face of the pandemic, millions of businesses are struggling and as many as 40% of businesses will not reopen following this pandemic.

In essence, if we are to create a business world that is sustainable and well prepared to tackle imminent crises, we need to handle business-related risks, reinforce and encourage our economic activity that will create value for humankind.

COVID-19 has taught us how to surmount our business challenges but we, as individuals, companies or governments, need to take ownership of our future. Being a bystander is no longer a viable option.

Young people tilting towards entrepreneurship.

To promote entrepreneurship, the government needs to do more. We need more practical policies to be concentrated and youth-oriented, targeting youth directly. The country will produce a well-behaved and cultured group of young people who would contribute to nation-building when the root source is addressed by the government. They should not provide token employment, but should create an environment that encourages the private sector to improve its productivity. This will contribute to the creation of more jobs.

Government Role in supporting the development and growth of small Businesses..

I believe that government at all levels is doing it best (although more is expected) in providing support through entrepreneurial training, credit support, marketing support among a host of others with more expectations that are increasing in the light of current economic realities.

The small-scale sector contributes greatly to the growth of any economy. It is generally recognized as contributing to the growth and development of an economy because of its potential to increase industrial output and human welfare. Small-scale industries form the driving force of industrial growth and economic development by ensuring the growth and diversification of industrial production, as well as the achievement of fundamental development objectives.

In almost every economy, the industry accounts for a larger percentage of all businesses and also generates the majority of employment and output in the private sector.

The small-scale sector also makes employment opportunities available, which in turn reduces the country’s unemployment rate. It is also the responsibility of small-scale industries to utilize local raw materials to carry out their production. Looking from the angle of our present democratic rule, we see that in many ways, small-scale industries have added significantly to the economy.

With the launch of the African Continental Free Trade Area (AfCFTA), I look forward to seeing more market competitiveness, a wider market for goods and services, and more people being lifted out of poverty by supporting entrepreneurship, creating more business opportunities and job creations.

Economic diversification efforts of the government…

They should be more focused and deliver on what they are primarily there for which the people are provided with governance. For example, with good governance, the necessary infrastructure and policies to ensure the country’s ease of doing business should not be a problem for entrepreneurs and businessmen and women in the country. When businesses are able to thrive with the right set of structures and policies in place and not over taxing and suffocating the already struggling business, raking in taxes won’t be so much an issue and that will lead to an increase in government revenue to improve services provided to citizens as well.

Government needs to recognize that it is the middle class that grows the economy, not the one percent rich people. If you take a look at industrialized nations, and you will understand.

Agriculture and Solid Minerals

Nigeria is blessed with a huge endowment of solid minerals widely spread throughout the country’s different geographical zones. The decline of the solid minerals industry began with the discovery of crude oil and to an extent that Nigeria became a mono-product economy and therefore vulnerable to international oil politics and its consequences. I would like to say that by creating a conducive environment, government should be more interested in promoting trade investment (foreign and domestic) in the solid mineral sector, as well as improving competitiveness in the sector. In addition, the government should enable domestic investors to invest in the solid mineral sector in order to take the enormous potential into consideration.

Nigeria’s economy was mainly an agrarian economy in the 1960s, accounting for over 80% of export earnings, but where we are today. Nigeria needs to diversify its oil-sector revenue base by considering huge investments in the income-generating economy of agriculture and the manufacturing sector, unlocking the untapped potential in these sectors and harnessing them for growth and development.

About Writer Iteractive Network..

The Writers Interactive Network (WIN) is a literary society comprised of writers who have come together for the sole purpose of interactively learning, helping, leaning on each other, and exploring ways to improve writing skills. The network was founded with a vision of being the wing of every writer, reaching out to humanity and re-enchanting the world through writings and expressions that wins. Its mission is to provide writers with a creative platform for creativity and expressions to flourish; to contribute to the growth and development of writing; and to impact the society in which we live; to help writers grow and win in every creative space in a borderless world. The purpose of this network is to bring together writers of poetry, song scripts, etc. together to express themselves freely, a platform from which many people have benefited in order to achieve impactful goals in society.

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EDUCATION

The 20 universities around the world that produce the richest grads

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Elite colleges and universities enroll — and graduate — some of the wealthiest people on earth.

Each year, research firm Wealth-X identifies the colleges and universities with the highest number of “ultra high net worth” (UHNW) alumni, defined as those with a net worth of greater than $30 million.

Wealth-X first collects a sample of ultra-wealthy individuals known to have a diploma, including both undergraduate and graduate degrees, from colleges and universities around the world, and tallies their total wealth as a group. Researchers then use this sample and Wealth-X’s database to estimate how many super-rich alumni each school has graduated in total.

Here are the 20 universities around the world with the most ultra-wealthy alumn.

1. Harvard University

Known UHNW alumni: 1,830
Known UHNW alumni wealth: $1.9 trillion

Estimated total UHNW alumni: 13,650
Estimated total UHNW alumni wealth: $4.8 trillion

2. Stanford University

Known UHNW alumni: 775
Known UHNW alumni wealth: $1.1 trillion

Estimated total UHNW alumni: 5,580
Estimated total UHNW alumni wealth: $2.9 trillion

3. University of Pennsylvania

Known UHNW alumni: 744
Known UHNW alumni wealth: $731 billion

Estimated total UHNW alumni: 5,575
Estimated total UHNW alumni wealth: $1.8 trillion

4. Columbia University

Known UHNW alumni: 516
Known UHNW alumni wealth: $621 billion

Estimated total UHNW alumni: 3,925
Estimated total UHNW alumni wealth: $1.5 trillion

5. New York University

Known UHNW alumni: 456
Known UHNW alumni wealth: $279 billion

Estimated total UHNW alumni: 3,380
Estimated total UHNW alumni wealth: $712 billion

6. Massachusetts Institute of Technology

Known UHNW alumni: 351
Known UHNW alumni wealth: $380 billion

Estimated total UHNW alumni: 2,785
Estimated total UHNW alumni wealth: $990 billion

7. University of Cambridge

Known UHNW alumni: 259
Known UHNW alumni wealth: $115 billion

Estimated total UHNW alumni: 2,760
Estimated total UHNW alumni wealth: $390 billion

8. Northwestern University

Known UHNW alumni: 365
Known UHNW alumni wealth: $145 billion

Estimated total UHNW alumni: 2,725
Estimated total UHNW alumni wealth: $389 billion

9. University of Southern California

Known UHNW alumni: 319
Known UHNW alumni wealth: $188 billion

Estimated total UHNW alumni: 2,645
Estimated total UHNW alumni wealth: $548 billion

10. University of Chicago

Known UHNW alumni: 326
Known UHNW alumni wealth: $286 billion

Estimated total UHNW alumni: 2,405
Estimated total UHNW alumni wealth: $707 billion.

11. Yale University

Known UHNW alumni: 358
Known UHNW alumni wealth: $311 billion

Estimated total UHNW alumni: 2,400
Estimated total UHNW alumni wealth: $777 billion

12. University of California, Berkeley

Known UHNW alumni: 295
Known UHNW alumni wealth: $249 billion

Estimated total UHNW alumni: 2,385
Estimated total UHNW alumni wealth: $760 billion

13. University of Oxford

Known UHNW alumni: 218
Known UHNW alumni wealth: $120 billion

Estimated total UHNW alumni: 2,290
Estimated total UHNW alumni wealth: $349 billion

14. Cornell University

Known UHNW alumni: 299
Known UHNW alumni wealth: $179 billion

Estimated total UHNW alumni: 2,245
Estimated total UHNW alumni wealth: $483 billion

15. The University of Texas at Austin

Known UHNW alumni: 332
Known UHNW alumni wealth: $185 billion

Estimated total UHNW alumni: 2,195
Estimated total UHNW alumni wealth: $463 billion

16. Princeton University

Known UHNW alumni: 309
Known UHNW alumni wealth: $496 billion

Estimated total UHNW alumni: 2,180
Estimated total UHNW alumni wealth: $1.1trilllion

17. University of Notre Dame

Known UHNW alumni: 316
Known UHNW alumni wealth: $61 billion

Estimated total UHNW alumni: 2,085
Estimated total UHNW alumni wealth: $179 billion

18. University of Michigan

Known UHNW alumni: 281
Known UHNW alumni wealth: $282 billion

Estimated total UHNW alumni: 1,970
Estimated total UHNW alumni wealth: $691 billion

19. INSEAD

Known UHNW alumni: 174
Known UHNW alumni wealth: $107 billion

Estimated total UHNW alumni: 1,965
Estimated total UHNW alumni wealth: $356 billion

20. University of California, Los Angeles

Known UHNW alumni: 277
Known UHNW alumni wealth: $140 billion

Estimated total UHNW alumni: 1,945
Estimated total UHNW alumni wealth: $375 billion.

Harvard stands out as having the highest number of ultra-wealthy alumni by far. According to Wealth-X’s projections, the Ivy League school has an estimated 13,650 alumni who are worth more than $30 million, more than double the number of super-rich alums from Stanford and the University of Pennsylvania, which landed in second and third place on Wealth-X’s rankings, respectively.

All but three of the 20 schools are in the U.S.. Cambridge, Oxford and INSEAD were the only institutions outside of the U.S. to produce enough super-rich alumni to make the list.

Even though Harvard tops the list of the most super-rich alumni, the University of Chicago stands out as having the highest percentage of “self made” alumni, with net worths above $30 million, as opposed to those who have reached this status through inheritance. Wealth- estimates that 84% of University of Chicago alumni who are worth more than $30 million made their fortunes on their own.

Source: CNBC

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