Ex-FIRS boss to head Lagos employment fund board

The Lagos State Governor, Mr. Akinwunmi
Ambode, has appointed a former Chairman of
the Federal Inland Revenue Service, Mrs. Ifueko
Omoigui-Okauru, to head the Board of Trustees
for the N25bn State Employment Trust Fund.
The fund is geared towards addressing the
challenge of youth unemployment and
promoting wealth creation through
entrepreneurial development in the state.
A statement by the Chief Press Secretary to the
governor, Mr. Habib Aruna, said he also
approved the appointment of nine others to
serve as members of the Board of Trustees of
the fund.
Other members of the Board are Mr. Dele
Martins, Mrs. Bilikis Adebiyi-Abiola, Mr. Otto
Orondaam, Mrs. Olufunmi Daudu, Mr. Tunde
Bank-Anthony and Mr. Micheal Popoola Ajayi.
The Commissioner for Wealth Creation, Mr.
Tunde Durosinmi-Etti, and his counterpart in the
Ministry of Finance, Dr. Mustapha Akinkunmi,
are part of the Board, while Mr. Akintunde
Oyebode is to serve as Executive Secretary of
the Board.
Ambode had signed the bill establishing the
fund into law on Tuesday, explaining that the
move was in line with the promise he made to
the people during his campaign for governor.
He said he was optimistic that the Fund would
address the challenge of unemployment and
promote wealth creation through entrepreneurial
development.
According to him, an annual contribution of
N6.25bn will be injected into the Fund by the
State Government for four years totalling N25bn.
Also on Wednesday, Ambode inaugurated a new
board for the Lagos State Law Reform
Commission.
The governor restated the commitment of his
administration to deepen democracy and rule of
law especially by carrying out periodic review of
obsolete laws in the State to bring them in tune
with current realities for relevance and
effectiveness.
“This is a major project which the new Board
has a responsibility to deliver in record time. It
is very vital to the success of our drive to
attract investors to our State,” he said.
The Chairman of the board is Prof. Gbolahan
Ellias (SAN), while the Executive Secretary is
Mrs. Ade Adeyemo.
Dr. Omogbai Omo-Eboh, Mr. Demola Sadiq and
Mrs. Tola Akinsanya are members of the Board.