Lagos Floats second N50bn Bonds for infastructure
24 March 2010 01:22 Joshua Bassey
…Gov.Fashola says proceeds of initial offer judiciously utilised
Lagos State government on Tuesday took a step forward in its bid to complete ongoing infrastructural projects in the state with the floating of N50 billion bonds, being the second tranche of its total N275 billion debt issuance programme.
The first tranche of N50 billion of the bond was issued in 2008 and was oversubscribed by investors.
The state governor, Babatunde Fashola, flagged off the second tranche of the bond instrument on Tuesday at an investors’ forum in Lagos. The bond like the first tranche will be issued through designated security outfits to members of the public for a period of seven years at a fixed interest of 11 percent, trade-able on the floor of the Nigerian Stock Market.
Gov. Fashola
According to Gov.Fashola, the proceeds of the initial offer had been judiciously utilised to impact on the people of the state and the second part will go the same way, noting that government is determined to make a difference in the areas of roads, schools, hospitals, water supply, jetties, light rail, Lagos-Badagry expressway, Lekki-Ikoyi Bridge, among others.
“The micro economic impacts are being measured in the roads we have financed which is improving travel time; it is evident in the children and women hospitals, three of which now give us 300 more bed spaces to ensure that women and children do not die at childbirth;
it is evident in the recently commissioned water projects that have added over 50 million gallons of water to the supply stock in the state, the delivery of desks and chairs for teachers and students as a commitment to develop a human capital resource for our state’s future”, he said.
SOCIAL PROTECTION SPECIALIST, P-4, NAIROBI REGIONAL OFFICE
posted by Admin@lagosjobville
BACKGROUND
Social protection is a relatively new sector of work for UNICEF within the overall area of social policy. Social protection refers to actions and interventions designed to mitigate the negative consequences of economic and social shocks and to enhance the social and economic participation of vulnerable and marginalized groups in society.
UNICEF has been actively engaged in social protection type activities through its work in Child Protection, Children Affected by AIDS and other areas, and has recently brought these various activities and approaches together into a unifying social protection framework in order to avoid overlap and fragmentation, and to strengthen underlying national systems in a coherent way.
At country level in ESAR, there has been a veritable explosion of interest in social protection over the last year, with UNICEF increasingly involved in social protection at all levels, from overall policy development and strategic engagement to program design, particularly in the area of social cash transfers. Research, advocacy and capacity building of partners in social protection are also becoming very important, and the technical assistance needs of country offices in social protection are rapidly expanding.
The Regional Office is playing an increasingly important role in providing technical assistance at the country level, as well as providing a conduit for the sharing of experiences in policy and programmatic work across the countries of the region.
However, the rapid increase in the volume of activities has outstripped the ability of the Regional Office to bring together and share, in a systematic fashion, this increasingly rich tapestry of experiences.PURPOSE OF ASSIGNMENTUnder the general supervision of the Regional Social Policy Advisor, the incumbent will: first, systematically bring together the experiences of the country offices of ESAR in social protection programming, with particular focus on social cash transfers, into a community of practice; and second, pursue a research agenda on social protection in the region, in order to link analysis with practice and policy.
MAJOR DUTIES AND RESPONSIBILITIES:
1. Systematically bring together the experiences of the country offices of ESAR in social protection programming, with particular focus on social cash transfers, into a community of practice.
2. Produce a report analyzing the current status and progress of social cash transfer initiatives in ESAR, with particular focus on those interventions with UNICEF participation.
3. Develop a community of practice for sharing of regional experiences in social cash transfers
4. Provide technical assistance, as needed, to COs in different phases of social protection programming, with particular emphasis on social cash transfers.
5. Coordinate activities with the new global social policy community of practice which is currently being set up by HQ.
WORKING CONDITIONS: Position is office-based, with frequent travel within the ESAR countries and occasionally out of Eastern and Southern Africa region.
MINIMUM QUALIFICATIONS
Education:Advanced degree in Economics or related social science.
Work Experience:Minimum of eight years relevant work experience, incl. with social cash transfers, in terms of policy/program formulation, research, evaluation and/or implementation. Experience in Africa is desirable.Languages:Fluency in English and another UN language Competencies:• Communication• Working with People,•
Drive for Results• Formulating Strategies and Concept• Analyzing• Relating and Networking• Deciding and Initiating Action• Applying Technical Expertise
APPLICATION PROCEDURES Interested candidates should forward their application, including a completed P-11, to:esarohrvacancies@unicef.org
The duration of the appointment is for 11 months.
Application deadline: 31 March 2010
Only short listed candidates will be contacted.
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