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Published On: Tue, Jun 24th, 2014

Ajayi pledges to address PTDF’s financial challenges

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By Etuka Sunday

The Executive Secretary of the Petroleum Training Development Fund (PTDF) Mr Olufemi Ajayi, on Monday pledged to address the challenge of finance in the Fund.

Ajayi, stated this in Abuja at a brief handing over ceremony held at the car park of the Fund, where he formally took over the leadership of the Fund from Dr Oluwole Oluleye.

Ajayi who is the immediate past Director General of NDLEA said he would embark on advocacy at the political level to ensure of more fund for the agency.

“With regards to the challenge in the finance, it is not peculiar to the Fund. “However because of the critical nature of the assignment of the PTDF the impact on the delivery on the mandate may be more.

“This is one good reason why we may do more advocacies at the political level to ensure that we have funds allocated,” he said. Ajayi, also said he would sustain the reform exercise instituted by

the outgoing Executive Secretary. “I want to assure you that the reform exercise started by my brother with regards to ensuring that the agency contributes to the transformation agenda of Mr President continues. “ What I am saying is that what we may be having might not necessarily be a change of direction but more of consolidation,” he said. Ajayi who said his coming was not to witch-hunt anybody assured members of staff of his readiness to work with them to move the agency

forward. “My coming will not lead to earth shaken development that are negative, there is no cause for anybody who is committed to the mandate of the agency to have any course for alarm,” he said

The outgoing Executive Secretary in his remarks drew the attention of the new Executive Secretary to the challenges confronting the Fund. Oluleye said that at the time he took over, there was growing

despondence by the staff of the fund with little or no hope in the progress of their careers with the fund. “There was also cynicism by stakeholders on the ability of the Fund to meet its commitment and obligations, which is fundamental to its continue existence as an agency.

“The programmes and projects of the fund were suspended as a result of the precarious financial situation. “Our scholars in different universities across the globe were exposed

to the threat of premature termination of their studies and eviction from their residence due to delay in remittances of upkeep allowances. The ex PTDF boss however said most of these concerns have been substantially redressed.

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