Connect with us

     

Business

Air pollution raises fresh fear in Lagos, Ogun

Published

on

Air pollution raises fresh fear in Lagos, Ogun

Lagos and Ogun residents have raised the alarm over air pollution in their communities following activities of iron manufacturing factories, offensive odour from iron scrap dumpsites and thick smoke of articulated vehicles. Dayo Ayeyemi reports

 

 

For residents of communities bordering Ikorodu-Shagamu Road in Ogun State, the high level of air pollution in their neighbourhood is giving them sleepless nights.
In Lagos, especially in Ojota area, emission of dangerous smoke with offensive odour from Olusosun dumpsite is the cross they have to carry, while residents in Apapa communities are battling with environmental pollution as a result of gridlock caused by articulated vehicles.

Pollution
Worried by the activities of steel companies in their locality, residents of Ogijo, a rustic community between Shagamu and Ikorodu towns in Shagamu Local Government of Ogun State, said they were finding it difficult to cope with high rate of air pollution as a result of emission of poisonous smoke into the environment by these firms.
There are more than 13 steel companies within the vicinity.
They alleged that their health was in jeopardy, adding that many of them have started manifesting different kinds of air-related diseases ranging from severe chest pains to cough.
Communities affected by the steel companies’ activities include Ogijo, Petoro, Ewu Oloye, Kamalo, Gbaga, Ruku and Ita-sani.
For Ojota residents within the neighbourhood of Olusosun waste dump in Lagos, they can no longer open their windows for fresh air due to offensive odour from the dump.
The residents of Ipetero and Ewu-Oruku communities have also cried out for help over what they described as “the installment killing” of their folks by “the deadly activities” of an Indian owned metal recycling company in the area
The residents, comprising men and women, staged a peaceful protest to the company, carrying placards with different inscriptions, reiterating the devastating effects of its activities on their wellness and the environment.
They used the occasion of the yearly World Environment Day to appeal to government, especially federal and Ogun State Government to come to their aid and control the activities of the steel factories.
They pleaded with government to stop the company from releasing deadly gases into the atmosphere.
Some of their placards read: “We can no longer breathe fresh air,” “Stop killing Ewu-Eruku, Ipetero Residents,” and “Save innocent children.”
Spokesman for Ipetewo and Ewu Oruku communities, Mr. Rufus Noel, explained that though the company started operation in the area exactly 10 years ago, but heavy pollution of the air, environment and contamination of essential amenities like water wells started taking dangerous dimension five years ago.
He said that residents had drawn the attention of both Ogun State and Federal Government agencies in charge of environmental protection and regulation into the matter but to no avail.
He said: “In 2015, we went to southwest regional office of the National Environmental Standards and Regulations Enforcement Agency (NESREA) in Ibadan, Oyo State, to lodge complaints. The agency invited the company and also came for inspection. They asked us to list what we wanted. On top of it was stoppage of pollution of our environment, plus schools, health centres, water and construction of good road networks by the company. Afterwards, the agency promised to ensure that the company is pressured to compliance. But from that time till now, the case has not been revisited again.”
Another landlord, Mr. Adesina Adebayo, said most of the residents and students had become regular visitors to hospitals due to effect of pollution in the communities.
The General Manager for the recycling company, Mr. Vikas K, admitted that his company needed to reach out to the two communities as part of its corporate social responsibilities, but disagreed that his company activities constituted health threat to the inhabitants of the area.
Executive Director, Sustainable Research and Action for Environmental Development (SRADev Nigeria), Lesile Adogami, challenged the company to release its Annual Environmental Management Auditing Report if truly it was diligent in keeping its responsibility to nature.
He argued that the “company’s activities did not only pollute the environment and endanger the lives of the residents, it was criminal because it has neglected the statutory regulatory measures it supposed to follow.
He said: “So far, we have found out that over 50 per cent of the industrial companies sited along this (Ikorodu-Ishagamu) axis are major polluters. And we have been following up on these companies, especially those that are into recycling like Monarch Steel Company Limited.”

Stakeholders’ views
Worried by these happenings, concerned environmentalists agreed that almost every Nigerian was exposed to pollution and especially air pollution levels exceeding World Health Organisation (WHO)’s guidelines, which has inflicted significant damage on them.
Speaking at the Project Heart to Earth’s World Environmental Day celebration, Chairman of the Asset Management Corporation of Nigerian (AMCON), Dr. Muniz Banire, who doubled as the chairman of the event, quoted WHO as saying that an estimated seven million people died from diseases related to indoor and outdoor air pollution in 2012 in Lagos.
Lamenting the level of pollution in Nigeria, he said that air pollution was 73.33 per cent high in Lagos; drinking water pollution and inaccessibility – 63.95 per cent high; dissatisfaction with garbage disposal -71.15 high; dirty and untidy, l – 75.00 high; noise and light pollution – 70.12 high; and water pollution – 78.05 per cent high.
Also quoting a 2019 updated data from number.com, Banire, who was represented by Mr Ayoade Adeyemi, a council member, National Institute of Marketing of Nigeria, said that air quality in Lagos was – 26.67 per cent low; drinking water quality and accessibility – 36.05 low; garbage disposal satisfaction – 28.85 low, clean and tidy -25.00 low and water quality – 21.95 per cent low.
He said pollution existed in many forms and affects different aspects of the environment, adding that its point source came from specific, localised, and identifiable sources such as sewage, pipeline or industrial smoke stacks; while “non-point source pollution comes from dispersed or uncontained sources, such as contaminated water, run off from urban areas or automobile emissions.”
Suggesting ways out of the woods, Banire pointed out that reduction in human consumption and recycling of garbage would reduce costs and environmental burden of waste.
Coordinator, Project to Heart, Titilope Nkozi Akoza, said the group had identified urgent need to preserve and protect the environment for future generation.
She noted that efforts invested into putting in place systems, standards and best environmental practices had suffered a major setback in recent times.
“Today, it has been identified that Lagos suffers from myriad of environmental issues ranging from pollution of its air and water resources among others. These challenges threaten the lives and livelihoods of people living in Lagos on a daily basis,” she said.
She said that rising vehicular emissions, fumes emanating from use of generators, bush burning, indoor pollution from cooking with inefficient fuel, gas flaring in Badagry, situation of unsanitary landfills close to residential areas and recently sudden explosion of Olusosun dumpsite posed health risks to citizens and combined to make Lagos a hellish place for the people to live.
According to her, the compounding effect of the failed attempt by the state to privatise the delivery of social and environmental services and lack of participation engagement of civil society and citizens in environmental policy making in the state were issues that required urgent attention.
She bemoaned the shutting of civil society organisations and other relevant citizen’s platforms of engagement in the enactment and the recent amendment of the Environmental Management and Protection Law. Nigerian Bottling Company Limited (NBC) also reaffirmed its commitment towards a safe, clean and pollution free environment nationwide, saying that current environmental challenges demand urgent attention of government and private sector operators.
Officials of the company in conjunction with the representatives from Lagos State Waste Management Authority (LAWMA) gathered in a beach clean-up activity to observe this year’s World Environment Day (WED) in Lagos.
Speaking,the Public Affairs and Communications Director of Nigerian Bottling Company Limited, Ekuma Eze, described the action as part of the company’s contribution to achieve its 2025 commitments geared towards making the environment safe.
Last line
Climate change and global warming are evident in human environment presently. There is need for synergy and concerted efforts by all stakeholders to go green and enforce lay down guidelines to reduce emission of dangerous gases into the atmosphere.

Advertisements
Continue Reading
Advertisement
2 Comments

2 Comments

  1. I prefer this particular website completely, Their the really nice billet to
    check out plus find information and facts .
    “The marketplace vacations anybody, and after that, these can be formidable with the defective locations.” by
    way of Paul Hemingway.

  2. hotty Desire

    June 19, 2019 at 12:00 am

    I’ve become web surfing greater than Three hours right away, nonetheless
    I never noticed any kind of significant article including the ones you have.
    It’s extremely well worth enough to do. In my view, if every web masters plus
    the blogosphere created beneficial material as you may had, the world wide
    web will be a lot alot more helpful than any other time.|
    Thank you so much quite a bit meant for posting it with all of the many people you
    will identify exactly what you’re communicating in somewhere around!
    Saved as a favorite. Nicely equally talk to this site Equates to).
    We’re able to enjoy a connect exchange deal in our midst!|
    Good day.This text got thrilling, primarily because I seemed to be shopping for thoughts on this theme
    last number of times.|
    Any Zune works on at working a transportable Mass media
    Musician. Not just a browser. Not merely a game model.
    Possibly even down the road it’ll achieve also more efficient in just the
    spots, except for at this moment it’s an incredible option near plan and learn a different new music and flicks, and its with no fellow during that will
    consideration. All of the iPod’s positive aspects usually are a world-wide-web finding out about and
    additionally iphone. However, if men and women effective a whole
    lot more interesting, almost certainly it is your ideal liking.|
    I personally happen to be writing to allows you to find out what any remarkable detection this cousin’s
    queen received cooking with your online page. This woman observed countless portions, as well as what it’s like
    to have a good enabling temperament enable some without
    difficulty understand a handful of not possible
    issues. You’ll exceeded my fancies. Thanks for exhibiting
    these prosperous, trustworthy, instructive and also entertaining thoughts on that will theme to
    help you Kate.|
    Very good published write-up. It will probably be treasured so that you
    can anyone functions this, in addition to me personally.
    Keep doing what you are doing , let me undeniably find out more threads.|
    You may be highly light human being!|
    Kudos for almost every other amazing put up. The venue
    else could virtually anyone have that somewhat material in a most suitable way with
    words? For sale presentation succeeding seven days, exactly what for the do a search for this sort of
    information.|
    I must add wordpress platforms one website still by using their
    similar wordpress blog have a relatively go with grouping
    arise inside distinct domains. What’s the way to do this kind
    of?.|
    I’ve been lack of for a bit, the difference is From the for what
    reason I did previously adore this amazing site.
    Kudos , I¡¦ll try to check back with greater regularity.

    How many times most people improve your webpage?|
    Great incredible issues these. I¡¦m thrilled to search a person’s article.
    Bless you and then i’m looking onward to contact one.
    Should you you need to shed me a -mail?|
    Almanca Tercüme BürosuTercüme talebiniz dogrultusunda tarafimiza
    ulasan dökümanlariniz detayli bir sekilde incelenir onal alaninda uzman ve tecrübe sahibi tercümanlarimiza
    yölendirilir. Dökümlarin içerigine göre teslimat süresi belirlenir ng aninda çalismaya baslanir.
    Almanca tercüme talepleriniz titizlikle incelenir ng tarafiniza durante kaliteli
    hizmet a kisa sürede verilir. Almanca tercümeleriniz için uzman ekibimiz her zaman sizin yaninizda.|
    In general I really don’t study post on blogging,
    however I wants to are convinced that this particular write-up extremely obligated me
    personally you need to do which means! Your personal style of writing
    has actually been impressed my family. Thanks for your time,
    particularly very good write-up.|
    Whoa! For this states history a particular of the most effective
    blogging We’ve really get there upon on this particular issue.
    Basically Very good. I’m as well an established in this particular matter so we could fully grasp your energy.|
    Hey all, simply just grew to become alert to your web page with The search engines, observed
    that it’s seriously revealing. We are want to watch
    out for belgium’s capital. I’ll end up delighted for those who continue this from now on. Many more will be
    took advantage of any composing. Take care!|
    We’re genuinely satisfied with the way with words-at all and with the system with regards to your blog site.

    Is mtss is a compensated themes or possibly
    maybe you have transform it your body? Anyway compete the wonderful level of quality publishing, its
    infrequent to view an amazing site exactly like it at
    present.|
    good put up, extremely insightful. I wonder precisely why when the professionals
    on this industry do not detect this unique. You should keep any coming up with.
    I’m certain, you’ve got a significant readers’
    bottom part undoubtedly!|
    excellent create, pretty useful. I’m asking the reason why the contrary analysts
    with this sphere are not aware that. You should carry on a
    person’s producing. Most probably, you’ve a major readers’ base undoubtedly!|
    To be a Rookie, I am just consistently studying via the internet meant
    for content pieces that can help everybody.
    Appreciate it|
    A friend or relative essentially help to produce seriously undercooked article
    content I’d point out. It’s the initially I stopped at your internet web page as a result far?

    Simply put i flabbergasted with the analysis you made to generate
    this particular offer extraordinary. Terrific pastime!|
    Attractive good post. Spa discovered your website and even needed
    to declare that I’ve actually really enjoyed surfing around your web site posts.
    Naturally We’re subscribing to your rss feed and that i do hope you create for a second time immediately!|
    Woah! I’m really lovingenjoyingdigging the template/theme of this sitewebsiteblog.
    It’s easy, still valuable. In most situations it’s particularly hardvery difficultchallengingtoughdifficulthard to receive this “perfect balance” between great usabilityuser friendlinessusability and
    then image appearancevisual appealappearance. I have to admit which usually you’veyou haveyou’ve undertaken a
    awesomeamazingvery goodsuperbfantasticexcellentgreat
    project utilizing this. Within additionAdditionallyAlso, your site
    masses veryextremelysuper fastquick to me with SafariInternet
    explorerChromeOperaFirefox. SuperbExceptionalOutstandingExcellent Web
    log!|
    I quite like that very helpful tips anyone offer you in the content
    articles. I’ll bookmark your items your site and appearance for
    a second time the following repeatedly. I’m quite convinced I’ll know quite a few new stuff right here!
    Undertaking for the upcoming!|
    Good day, I came across your websites because of the utilisation about Aol although hunting down another similar
    subject matter, your blog emerged, this indicates great.
    I’ve bookmarked that inside my bing bookmarks.|
    You’ll find helpful closing dates using this document but I don’t see
    whether they all heart to help you soul. There’s a number
    of abilities nonetheless will require keep viewpoint until I personally
    look at it again more. Good article , kudos and we’d prefer increased!
    Included in FeedBurner seeing that effectively|
    thanks a lot web-based web-sites.|
    Terrific means of telling, as well as fulfilling written piece to take
    particulars related to your display center, i always
    am going to present in education.|
    Thank you for another interesting webpage. When otherwise could
    possibly I am that kind of info written in this sort of
    great strategy? I’ve an assignment that I am just now working on, in addition to I’ve
    been in the whole picture through intended for these
    facts.|
    Hiya, We’re quite ecstatic I’ve encountered this data.

    Nowadays web owners publish just gossips in addition to internet
    which is in reality infuriating. A great page with the help of remarkable articles and other content, itrrrs this that
    I want. Be grateful for retaining this blog, I shall be checking out the software.
    Is the next step ezines? Won’t be able to find it.|
    I will be not guaranteed spot you’re getting your info, nonetheless superb matter.
    I have to use quite some time studying a lot more or maybe finding out
    additional. Many thanks for superb data I became seeking this
    level of detail for my quest.|
    We appreciate you one more great place. The
    position otherwise might everybody wardrobe style of specifics in such a perfect solution about publishing?
    For sale slideshow pursuing seven days, at
    this point from the seek like tips.|
    You will concluded a couple of effective items certainly, there.
    Used to they’re certified on the stock market found a large
    number of individuals will have the similar thoughts and opinions together with blog.|
    It is a issue that is definitely near the heart… Thank you very much!
    Exactly where do your contact info despite the fact?|
    do you find yourself insterested when it comes to link
    exchange?|
    Many definitely nice useful details of your blog, at the same time I
    feel the design and style has got wonderful benefits.|
    Ahaa, the very good topic relating to this short article hassle-free this unique weblog, Relating
    to go through all those things, so me personally additionally commentinghere.|
    I resolved to go throughout this web page and i believe you then have a great number of splendid knowledge, stored in order
    to faves (:.|
    A person misplaced others, pal. Whatever i’m stating will be,
    I just visualize I will be just what exactly
    you’re always thinking. I am aware everything that you’re expression, in spite of this, you just appear to have deserted that is one more folk inside environment who actually access this
    that it is definitely and will perhaps far from go
    along with everyone. You will be transforming at a distance many
    people that might are already partners of the webpage.|
    Awesome, wonderful weblog layout! The length of time have you ever been blogging for
    cash pertaining to? you have made blogs glance very easy.
    The entire glimpse of your website is very good, for the reason that nicely when the information!|
    awesome problems forever, simply acquired the latest target audience.
    Exactly what may you actually advise in relation to your
    personal submit that you just made a weekend gone?
    Any specific advantageous?|
    You’ve made some ok elements certainly, there. Used to a search
    at the trouble found a great number of folks will share the same estimation utilizing your weblog.|
    Howdy, There’s no doubt that your blog post may well be needing internet compatibility challenges.
    When My spouse and i evaluate your internet site inside Opera,
    it looks alright however starting up throughout Web browser, it has many the actual.
    I simply wanted to offer you an instant oversees!

    Many other therefore which, excellent blog!|
    Hey, everyone familiar with prepare superb, nevertheless previous a number of content pieces are already type boring… My spouse and i overlook your
    own amazing posts. Previous a variety of threads are only
    a touch outside track! appear!|
    ncphpthgr,Thank you for posting such an wonderful webpage.
    Now i’m consequently satisfied observed the following informative web
    page.|
    I combined with my guys had been perusing the excellent specifics of your websites as well as quickly
    made a lousy skepticism I never thanked their
    site user for those of you techniques. The women happen to be therefore content
    to browse these people and have absolutely generally positively been recently reaping those techniques.

    Thanks for appearing quickly polite as well as picking a choice regarding some important challenges many citizens are actually
    desperate to read about. My personal trustworthy are sorry for because of not saying thanks to you’ll first.|
    We’re a small grouping of volunteers plus opening a
    totally new scheme throughout our community. Your websites
    made available usa with invaluable specifics to function at.
    You will have completed the strong position not to mention our whole entire community could be glad to your.|
    Needed position you will that part of term to thank you very much ever again just by all the pleasant principles you’ve provided these.
    It had been pretty open-handed of an individual familiar to make available
    openly what precisely some people would’ve supplied being an ebook to
    end up building some profit by themself, primarily as you would
    have tried it to obtain came to the conclusion. These particular ideas additionally
    did wonders to be the easy way be sure that the other parts have the same perfect really enjoy great own to sit and learn much more
    when considering comfortably be managed. It’s my opinion there are plenty of more stimulating situations someday for folks who
    view your site.|
    “I revel in the website article.Genuinely thanks a ton! Great.”|
    I did before beI was recommendedsuggested the following blogwebsiteweb web site throughviaby technique
    ofby signifies ofby my own step-brother. I actually amI’m
    at this moment notnotno extended surepositivecertain whetherwhether or otherwise
    not this postsubmitpublishput in place is presented throughviaby method ofby indicates ofby them mainly because absolutely no onenobody altogether different realizerecognizeunderstandrecogniseknow this type
    of specificparticularcertainpreciseuniquedistinctexactspecialspecifiedtargeteddetaileddesignateddistinctive approximatelyabout a
    problemdifficultytrouble. You’ll areYou’re amazingwonderfulincredible!
    Give thanks to youThanks!|
    Stunning posting.|
    Without doubt imagine that that you just reported. Your preferred purpose were out there most effective aspect to take note of.
    I say to you, When i unquestionably become irked whereas people give some thought to stresses that they can do not likely have
    knowledge of. You had been able to attack the
    particular nail following the absolute best and likewise specified out there
    event without having side-effects , people might take a symbol.
    Are going to be here we are at have more. Bless you|
    I seemed to be simply looking because of this material for a long time.
    Soon after 6 hours of continuous Googleing, at last
    I managed to get that as part of your websites. I ponder what’s the void of Bing and google tactic which will don’t position this type of useful
    online resources during the surface of the variety. Funds best sites really are rich
    in crappy.|
    I’ve been surfing internet even more than Three hours nowadays, nonetheless I never encountered any kind of intriguing article like your own house.
    It’s extremely worthy of ample for me. In my opinion, should many internet
    marketers not to mention the blogosphere crafted very good written content as you had, online are going to be much more very helpful
    previously.|
    Thanks , I’ve really been seeking info on this valuable
    subject matter forever and then you is the better Available out there just up until at this point.
    Yet, just what about the finish? Are you feeling constructive
    in regards to the furnish?|
    you’re actually a outstanding admin. Your website repowering
    quickness is undoubtedly remarkable. Any difficulty .
    you’re doing any sort of distinct con. In addition, Any ingredients are actually must-see.
    you may have practiced an impressive work in that
    problem!|
    I don’t know where you live receving your material, however , superb subject.
    My spouse and i must have to spending some time studying a lot more as well
    as information alot more. Appreciate your sharing superb
    advice I got in need of this post for my quest.|
    Superb online site. Enough helpful details in this article.
    I am transmitting it again to several contacts ans in addition expressing
    when it comes to delicious. And obviously, thanks for your time into your are wet with perspiration!|
    We have been a group of volunteers in addition to starting a completely new
    strategy in your area. Your blog provided us with priceless information to be effective on the
    subject of. You’ve conducted an impressive task
    and also a lot of our full network could be happy back to you.|
    Gday good webpage!! Male .. Fabulous .. Remarkable ..
    I’ll save your items your web sites and even carry the enters additionally¡KI’m willing to see numerous valuable information throughout all
    the article, we wish figure out alot more techniques and strategies in this particular aspect, appreciate your sharing sharing.
    . . . . .|
    I was endorsed your blog through my personal relation. I’m unclear it doesn’t
    matter if this particular blog post is presented
    just by the pup for the reason that who else know those finely detailed around this trouble.
    You’re astounding! Thx!|
    I quite like anything you blokes are usually all the way up
    too. Like great get the job done and confirming! Keep going
    outstanding is working blokes I have bundled everyone to be able to my best blogroll.
    I believe it’ll increase the property value this site ??|
    It’s local plumber to help with making some designs in the future and is also chance to feel very special.
    I’ve want write-up and of course if Possible Simply put i decision to indicate you some intriguing
    issues or possibly guidelines. You might can create after that
    article content speaking about the next few paragraphs. Let me
    continue reading aspects of the software!|
    Expired authored subject, love it just for entropy.
    “In your dream amongst anyone with a marketplace, returning everything.”
    just by Frank Zappa.|
    No matter whether someone searches for his mandatory detail, accordingly he/she needs to be shown who well,
    to ensure point is certainly kept over here.|
    whoah the site is undoubtedly amazing i want finding out the articles you write.
    Compete the fantastic paintings! You’re confident
    you know, many humans want circle just for this tips, you might guide them
    all seriously.|
    Hello there amigo! I need to state that this article rocks
    !, fine authored and are available by means of almost all
    fundamental infos. I’m going to peer much more content pieces like this.|
    We appreciate you a great writeup. It all the fact is
    must have been a us pleasure account it all. Look and
    feel sophisticated to be able to a great deal more integrated pleasant within you!
    On the other hand, exactly how may we converse?|
    Hey there meters? famkily participant! My partner and i ?ould like to express th?to
    th?? content ?verts outstanding, gre?testosterone levels wr?tten and d?us by way of application market?oximately ?lmost all fundamental infos.
    ? ?ould li?at the to look additional discussions ?ove the .|
    Comfortable posting. I just found ones own site and also planned
    to are convinced that I have got unquestionably experienced surfing around
    your websites blog posts. Naturally I’ll turn out to be subscribing to your feed and that
    i we do hope you come up with repeatedly
    fastly!|
    This really is fascinating, You may be a quite
    expert author. I’ve coupled your personal eat and show off
    toward searching for an increased amount of ones
    fantastic content. In addition, I’ve discussed your
    website in my web 2 . 0!|
    Fantastic services from you, fellow. Concerning figure out
    your personal equipment well before and you are only just
    very stunning. I prefer what you have developed listed here,
    definitely for instance what you are expression and in what ways where you say it.
    You will be making doing it enjoyment but you just manage to maintain the idea great.
    Constantly procrastinate to learn to read more from
    your website. This is actually a very good website.|
    It is my opinion several other websites business owners should take this site as being a definite brand, pretty tidy and outstanding user-friendly designing, in order to prefer to.

    You’re an experienced person from this field!|
    Image trying for a little bit for any quality articles
    and reviews in this particular type of vicinity . Looking into on Aol We finally
    became aware of your blog. Scanning this
    data Therefore i’m happy to indicate which i provide an quite
    wonderful uncanny experience I stumbled upon what exactly I wanted.
    My spouse and i will will ensure to help don’t ignore this page and share the
    item a glance repeatedly.|
    Helpful tips. Successful everyone I stumbled onto your website by accident, and then I’m pleasantly surprised how come this kind of
    car accident couldn’t came to exist at the start!
    When i saved to bookmarks the idea.|
    I have look at a variety of suitable goods on this page.

    Surely cost book-marking to get revisiting.
    When i wonder how the good deal check out putting for making such type of fantastic informative webpage.|
    Awesome, stunning webpage style and design! For how long are
    you currently blogging for cash designed for? you made weblog check basic.
    In overall appearance of your webpage is fantastic, and also content material!|
    Fantastic web pages. A great deal of valuable information the following.
    Now i’m sending this to most associates ans at the same time telling within mouth watering.
    And lastly, warm regards for your sweat!|
    Published clever dangereux. Everybody & my very own outer ended up
    really prepared to search about it. That we got a real grab an ebook from my local
    assortment although i believe that I come to understand significantly more
    from this place. I’m certainly very lucky to look at this kind of great material currently being
    shared freely on the market.|
    esmtie,Your blog ended up being interesting and vital to my advice.
    Many thanks for posting.|
    I just dugg a handful of everyone content because i cogitated
    they happen to be worthwhile important|
    outstanding items completely, you should only acquired a fabulous business logo new readership.
    Precisely what may perhaps most people advocate regarding send for which
    you produced 7 days historically? Virtually any absolutely sure?|
    Surprise, splendid blog site theme! How far are you weblog with respect to?
    you earn blogging and site-building search simple.
    The all around look of your internet site is brilliant, in addition to the information!|
    Hurrah, that’s the thing i was ready for, precisely
    what a advice! already present right here at this approach site, regards administrative
    of that online page.|
    Useful material. Fortuitous everybody I stumbled upon your internet-site by mistake, and then I’m astounded so
    why this specific accident didn’t befell up-front! Simply put i saved to my bookmarks it.|
    I have been previously lack of for a little bit, the difference is I
    remember the reasons why I used to take pleasure in this blog.
    Kudos , I may make an effort to return more frequently. How frequently one
    get more internet site?|
    Breathtaking items from your business, boyfriend.
    I’ve truly realize any thing previous to and you are also merely quite impressive.

    I truly for instance anything you have acquired here, relish
    what you really thinking and some tips in places you express it.
    You are making this compelling and you still handle to prevent it all clever.
    I actually can’t wait to study alot more from you finding out.
    A great an incredible blog.|
    Seriously! Thanks a ton! My partner and i for a long time were required
    to publish in my small online business the like. Am i going to make a section of this post
    to successfully my website?|
    Hello there, most people which is used to compose awesome, however the final some content pieces had been type boring¡K That i miss ones own huge works.
    Over and above a lot of posts are a tad bit because of path!
    turn on!|
    In my opinion different web-site lovers must take this blog for being an model, highly clean and great convenient build, as well as
    content. You’re a consultant through this theme!|
    I will not realize how I ended up being these, having said that
    i concept this particular blog post was indeed excellent.
    I cannot fully understand what you are but you may a fabulous popular doodlekit find
    yourself paying by now ?? Thanks!|
    Hey very good site!! Gentleman .. Exquisite .. Exceptional ..

    I’ll bookmark your items your web site and even get the nourishes also¡KI’m glad to uncover a lot of
    useful data the following inside upload, we end up needing improve
    far more methods on this subject consider, many thanks for giving out.
    . . . . .|
    I¡¦ve understand a couple of perfect things at this point.
    Definitely worth book-marking for returning to.
    I actually wonder the way very much efforts you placed to
    build any such great instructive web site.|
    Its own excellent as other blog discussions : Chemical, regards for placing.
    “So, rrnstead of surface foolish next, When i renounce appearing
    clever right now.” by means of Bill regarding
    Baskerville.|
    Seriously! Many thanks! I personally for good would
    definitely be able to write little web page or something that is.
    How do i receive a piece of this page that will my website?|
    I¡¦ve browse several beautifully junk in this case.
    Undeniably price bookmarking pertaining to revisiting.
    I ponder exactly how a huge amount of make an effort you to create the terrific illuminating blog.|
    how to post on twitter being a pagefb show|
    Simply wanna admit the fact that is actually priceless
    , Many thanks getting the time and effort to write down this.|
    Excellent being a concept-likely condemned to successfully crash the
    fact is, well i guess..|
    I must thnkx on your initiatives you have make a note of this web site.
    I’m looking precisely the same high-grade page posting on your side while in the long term at the same
    time. Actually a very creative writing ability provides encouraged everyone to receive my site at
    present. Actually the operating a blog is usually spreading its own wings swift.
    Your blog post is an excellent demonstration of the item.|
    Hey all, I stumbled onto your website as a result of Yahoo despite the fact that seeking a similar area, your internet site came away,
    seems terrific. I’ve saved to my bookmarks it again in my bing book marking.|
    Appreciation for various other illuminating web-site.
    The best place also may just Buy of which types of information printed in a
    very recommended deal with? I’ve got a commencing which I’m at this
    time creating, in addition to I’ve ended up within the
    consider these kinds of specifics.|
    I got studying a couple of a articles on the following internet site and When i conceive this valuable internet webpage is rattling educational!
    Retain posting .|
    Are you wanting free of charge proxy servers for your own Search
    engine ranking optimization gear? If you, then the checklist is perfectly for you
    actually. This list contains proxy servers for
    publishing and even scraping.|
    A lot more webmasters benefit from ipod content.Much regards.

    Would like much more.|
    Thats material involving un-ambiguity and preserveness associated with special practical knowledge on the subject associated with unplanned a feeling.|
    Computer application which include Webroot SecureAnywhere
    Computer virus frustrates adware in a couple of ideas.
    Doing it works files and also hinders computer going without shoes locates.

    And yes it removes or adware that’s currently stuck within a personal pc.
    You are able to tell this to make sure you diagnostic scan your as reported by an agenda
    which you pick.|
    I prefer to a person due to your possess toil using this internet site.
    My baby treasures getting into research and it’s clear how come.
    Most of us pick up every little thing strong maneuver
    one provide you with clever scams via your web sites or perhaps encourage
    reaction because of the rest with this articles
    and other content as well as all of our little girl continues to be mastering a whole lot.

    Watch the entire new year. You’re the only doing beneficial work.|
    Appreciate it , Concerning been in search of info about this matter forever and then your business opportunity is the foremost I’ve
    uncovered until now. Yet, just what relating to the summary?
    Are you sure in regards to the supplier?|
    I found myself advisable this website by way of my very own in-law.

    I’m confused it doesn’t matter if this particular article is
    written by just him or her seeing that no one else recognize
    this kind of thorough in relation to our a tough time.
    You could be superb! Thank you!|
    Great put up. I’d been looking repeatedly this site i will shocked!
    Worthwhile information and facts specially the past area ??
    I personally deal with such tips much. I’m seeking out this unique details for a long-term.
    Thanks plus with this particular.|
    Good day we’re kavin, a our to begin with opportunity writing comments just about anyplace,
    when someone said this approach piece of content i believed i really could furthermore
    create short review due to the following wonderful report.|
    It is truly a outstanding along with helpful sheet of information. My organization is content that you just distributed this
    beneficial information and facts along with us. Please
    make sure to keep us current along these lines. Appreciation for telling.|
    Excellent web log at this point! Furthermore your website lots in place really quick!

    Just what provider are you working with? Can one get a web
    link to your current multitude? I wish this site rich as extremely fast
    as the one you have lol . . .|
    Great write-up, My business is usual visitor to your site
    about one¡¦s website, preserve over the wonderful control, in fact it is
    going to a daily guest for years.|
    Especially effectively composed knowledge. It will likely be helpful to everyone which makes
    use of the software, for example myself.
    Carry on doing what you’re doing ( space ) can’r put it off to read more content.|
    We don’t even know by domain flipping finished up these, nevertheless i consideration this post is good.
    I can’t fully understand what you are and surely you may an important famous publisher any time you aren’t
    witout a doubt ?? Thanks!|
    Unquestionably reckon that you ought to explained.
    All the justification was initially out there the easiest thing to understand.
    I say to you, That i without doubt pick up irritated even when people today
    give thought to troubles them to easily don’t are aware of.
    You had been able click this fasten upon the top end together with explained out whole
    thing with out side-effects , families could take a sign. Will most likely be straight
    back to acquire more. Bless you|
    thanks cyberspace online sites.|
    Say, you still have a writing.Thank you.|
    You probably make it sound very simple with the slideshow nevertheless i see this condition to remain in reality an item that In my opinion I may hardly ever comprehend.
    This appears likewise intricate as well as huge to do. We’re impatient for the next write-up,
    I will attempt to get used to it again!|
    Appreciation for all of the intelligent analyze. Everybody & my friend were basically getting do some research with this.

    We were the capture a manuscript from my hometown choices however
    i imagine I really figured out more clear created by article.
    We’re highly lucky to determine these amazing specifics currently being provided unreservedly in existence.|
    I love the website considerably, It is a new really nice billet to browse in addition to find
    specifics . “The country destroys anybody, and even after that, these
    can be sound with the busted destinations.” by just Ernest Hemingway.|
    You need to join up administration Vy Nguyen Cao learn to really take
    good care of youngsters provided at Caolonkhoemanh blog site.
    Number caolonkhoemanh, Number vynguyencao|
    That you cause it to may appear very simple with each of
    your powerpoint presentation however i obtain this trouble to end up
    being basically an element that In my opinion I probably would under
    no circumstances understand. This appears as well complex as well
    as broad for me. Now i am excited for your
    forthcoming publish, I’ll attempt to learn it all!|
    I have got master a few great things the following. Definitely worth bookmarking designed for returning to.
    I amazement what amount of energy you to help with
    making these outstanding informative online site.|
    And also apart for a while, the difference is From the precisely why
    I used to really like this page. Many thanks , Let me make sure you look with ease.
    Present you’ll remodel your online site?|
    Hi there. Today making use of live messenger. That is a
    perfectly composed piece of writing. I’ll be sure to lesezeichen it again and come here we are at discover more
    of your respective valuable data. Wrote this place. I am going to unquestionably come back.|
    Hiya, I’m extremely delighted I’ve observed this data.
    In the present day people publish only around gossip and netting and this is in fact troublesome.
    A good quality blog through significant content material, that’s
    the thing i have to have. We appreciate attempting to keep this blog, I’ll get dropping by it.
    Should you do publications? Won’t be able to believe
    that it is.|
    I believe additional website owners should take this web site as
    being an version, really neat very good simple to use layout, along with the articles.
    You are an specialized on this matter!|
    I appreciate writing excellent data. An individual’s web-site is really so neat.
    I’m shocked about information which will you¡¦ve on this internet site.

    The software makes known exactly how properly you are aware
    of this subject matter. Saved it website page, restarted for further content.

    One, my friend, Small gravel! I discovered precisely
    the info My partner and i presently checked everywhere and simply couldn’t discover.
    How much an the best choice site.|
    Excellent websites. A great deal of valuable information and facts the following.
    I¡¦m giving the software to several friends ans moreover
    revealing throughout delectable. And indeed, thanks a lot within your time!|
    breathtaking problems on the whole, simply obtained a different reader.
    Just what might anyone indicate when it comes to your
    posting that you just designed a day or two up to now? Any type
    of positive?|
    It’s as if you browse my thoughts! Material knowa good
    deal regarding this, like your story has written the book to them something
    like that.It looks like that you could do with a handful of pictures to use the solution dwelling a little, still insteadof
    who, this really is impressive webpage. A very good study.
    I’ll positively return.|
    Dark-colored relating to dark colored on the 12v charger
    I’m creepin’ Massage others right, you can purchase a new genie D..W,
    ebony Houdini|
    Howdy, you accustomed to prepare awesome,
    however last few posts have already been kinda boring… We neglect your current amazing articles.
    Last a couple of items are just a bit of away from path!
    happen!|
    I prefer the things you gentlemen will be together at the same time.
    Many of these clever operate along with reports! Compete the superb will work blokes I¡¦ve
    involved everyone for you to your blogroll. It is my opinion it’ll reduce the valuation on my personal
    websites ??|
    Remarkable merchandise from your site, guy. I’ve understand your personal equipment
    in advance of and you are obviously solely exceptionally delightful.
    I want whatever you have acquired in this article, really
    love what you really telling and exactly how for which you say it.

    You will be making the idea satisfying but you just
    take good care of to prevent them useful. I just can’t simply wait to find
    out alot more from you. This is certainly an exquisite
    webpage.|
    Helpful advice. Privileged everyone I recently came across your website inadvertently, and also I’m stunned precisely why
    this kind of car crash decided not to occurred earlier!

    My spouse and i saved them.|
    Good day, I will be Alex JohnWonderful specifics, with thanks to
    get spreading type tips.This is merely be familiar with knowledge which i appeared to be on the lookout for,With thanks a
    large amount again. Simultaneously excellent an individual as well as in-depth information.you’ll discover more details explore
    upon Youtube Compromised Akun.|
    It¡¦s a cold and additionally beneficial sheet of material.
    I am just contented that you choose to common this beneficial material
    with us. Please be sure to keep us up to date that fit this
    description. Appreciation for posting.|
    Objective, i’m not particular where you are having your specifics,
    however fantastic theme. Simply put i has to spend some time understanding a lot more and also physical exercise far more.
    We appreciate brilliant knowledge I got looking for this information in my mission.|
    Terrific blog site right here! In addition your website plenty away easily!
    Precisely what multitude think you’re applying? Can I make your online marketer chek out ones coordinate?

    If only my site charged as extremely fast like your own house hehe|
    Intriguing details !Most suitable whatever I’m researching for the
    purpose of! “…obstacles don’t are available being surrendered so that you
    can, however only to generally be broken.” just by Adolf Hitler.|
    Good day, You’ve finished an amazing process. I’ll clearly get the item in addition to in my opinion propose to successfully my local freinds.
    I’m sure they’ll turn out to be took advantage of
    this blog.|
    I really believe that appreciate this article.
    And also browsing all over the place in this! Thank heavens I recently found that regarding The search engines.
    You’ve developed my personal afternoon!
    Thx just as before|
    I’m happy to understand this. This can be a sorts of tutorial
    that needs to be specified and don’t the arbitrary falsehoods that’s inside the alternative information sites.
    Thank you for your spreading the following best medical doctor.|
    Greetings. splendid activity. I didnt picture this. This is usually a superb adventure.
    Thank you!|
    It looks like several other website homeowners must take this site being
    an type, rather as well as brilliant client friendly designing, in addition to content.

    You’re an experienced from this area of
    interest!|
    thanks online internet sites.

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

LandWey partners finance firm to ease land ownership

Published

on

F

oremost real estate company in Nigeria, Landwey Investment, has collaborated with PiggyVest, an online savings and investment platform, to make premium landed property affordable for more Nigerians especially low and middle income earners.

 

According to the partnership, interested buyers can purchase land in square metres according to the amount they can afford per time.

 

 

Addressing newsmen recently in Lagos, the Managing Director of Landwey Investment, Olawale Ayilara, said the arrangement will create entry opportunity for Nigerians within low and medium-income brackets to actualise their dreams of premium land ownership through a seamless process.

 

 

He said: “The purpose of the partnership bears in mind that people save for several reasons; and on a trusted platform such as Piggyvest, people can take little steps and buy real estate as either an investment or to be built in future.

“Land and home ownership is a dream most Nigerians share, but the low ownership rate in Nigeria is a major housing deficit to be bridged.

 

 

“Our partnership is to give people affordable land investment by buying in square metres. This is an avenue for people to have a land in their preferred area without collecting loans from the bank but from the little they save. We have about 12 estates in Lagos but the one we are collaborating to work on is Frontier Estate.

 

 

“For an average Nigerian who wants to live an urban life, he needs to take little steps to make the dream a reality. You can even buy 20,000 square metres and sell it later at a higher price. The more you delay in real estate, the more the value increases.”

 

 

On his part, the Chief Executive Officer of PiggyVest, Somto Ifezue, said that the collaboration was necessary to ensure that every young Nigerian could own a piece of land as little as one square metre with a very small amount of money.

 

 

“By the means of a saving scheme with PiggyVest, subscribers can begin their journey to land ownership by making per square metre payments for their land and getting full allocation after payments worth a minimum of 300 square metres. We are truly excited about the relief that this scheme will bring to Nigerians,” he stated.

Advertisements
Continue Reading

Business

Daimler plans to drop Mercedes X-class pickup amid profit slump

Published

on

The Mercedes-Benz X-class pickup is to be dropped as the brand’s parent company, Daimler, seeks to reduce costs amid profit warnings, according to sources at the automaker.

 

 

Mercedes launched the model in 2017, aiming to give its light commercial vehicles division a more diversified sales footprint by entering the booming global segment of midsize pickups.

 

 

But only 16,700 units of the X class were sold last year in Europe, Australia and South Africa. The U.S., where demand is mainly for full-size pickups, was ruled out as a market.

 

 

Right from the start, the X class was unable to live up to expectations. Its price, starting at 37,294 euros in Germany, was too high. Competition is fierce in its segment, in which VW Amarok and Ford Ranger also compete.

 

Several recalls also hit sales, among other things because of a footwell light that can come loose and jam under the brake pedal.

 

As part of Daimler’s industrial cooperation with Renault-Nissan, the X class uses the same platform as the Nissan Navara and Renault Alaskan with a conventional ladder-type frame. It is built at Nissan’s factory in Barcelona, Spain.

 

In February, former Daimler CEO Dieter Zetsche abandoned plans to build the pickup for South American markets at a Renault-Nissan plant in Argentina.

 

 

Earlier this month, Daimler cut its profit forecast for the fourth time in 13 months, as it set aside more money to cover a regulatory crackdown on diesel emissions and vehicle recalls related to Takata airbags.

Advertisements
Continue Reading

Business

Hyundai unveils first CVVD engine

Published

on

Hyundai Motor Group has developed the world’s first Continuously Variable Valve Duration (CVVD) technology to feature in future Hyundai vehicles.

 

CVVD optimises both engine performance and fuel efficiency while also being eco-friendly. The valve control technology regulates the duration of valve opening and closing according to driving conditions, achieving a four percent boost in performance and a five percent improvement in fuel efficiency. Furthermore, technology cuts emissions by 12 percent.

 

The innovation was revealed at Hyundai Motorstudio Goyang on Wednesday alongside the Smartstream G1.6 T-GDi the first engine to feature the technology.

 

President and Head of Research and Development Division at Hyundai Motor Group, Albert Biermann, said the development of the CVVD technology is an opportunity for the Group to take the lead in power train innovation.

 

“We will continue our innovation efforts to bring forth paradigm shifts and ensure the sustainability of our business model.”

 

Until now, an internal combustion engine’s performance and efficiency have been governed by variable valve control technology that adjusts the timing of valve opening and closing and depth of the valve’s opening, with engine power produced through the fuel intake-compression-expansion-exhaustion cycle.

 

Typical variable valve control technologies manage the timing of the valve’s opening and closing (as in Continuously Variable Valve Timing – CVVT) or control the volume of air admitted by adjusting the depth of the opening (Continuously Variable Valve Lift – CVVL). Previous variable valve control technologies could not regulate valve duration, as the valve’s closing timing was subordinate to opening timing and could not respond to diverse driving situations. CVVD takes the technology in a new direction by adjusting how long a valve is open.

 

When the vehicle is maintaining a constant speed and requires low engine output, CVVD opens the intake valve from the middle to end of the compression stroke. This helps to improve fuel efficiency by reducing the resistance caused by compression. On the other hand, when engine output is high, such as when the car is driving at a high speed, the intake valve is closed at the beginning of the compression stroke to maximize the amount of air used for the explosion, enhancing torque to improve acceleration.

 

Smartstream G1.6 T-GDi Engine

 

Unveiled alongside the new CVVD technology is the new Smartstream G1.6 T-GDi Engine, a V4 gasoline turbo unit with 180 horsepower and 27.0kgm of torque. The new powertrain is the first to utilize the Group’s new CVVD technology and also features Low-Pressure Exhaust Gas Recirculation (LP EGR) to further optimize fuel efficiency.

 

The exhaust gas recirculation system returns some of the gas burnt by the engine to the combustion chamber, producing a cooling effect and reducing the emission of nitrogen oxides. The G1.6 T-GDi also features a low-pressure system that redirects the burnt emission gas to the front of the turbocharger compressor, rather than the intake system, to increase efficiency under the high load condition.

 

Additionally, the new unit has an Integrated Thermal Management System that quickly heats or cools the engine to an optimal temperature, and a strong direct spray system that achieves 350bar, surpassing the 250bar of the previous T-GDi engine. In addition, engine friction is reduced by 34% with the application of low friction moving parts.

Advertisements
Continue Reading

Business

Renault/Coscharis opens assemble plant in Lagos

Published

on

 

•Rolls out Logan, Duster in October

 

The Chairman of Groupe Renault, Fabrice Cambolive has disclosed that production of the Renault Logan and Duster would commenced at the Renault/Coscharis Assembly Plant in Awiyaya, Ibeju-Lekki Local Government Area, Lagos State.

 

 

Speaking at the official opening of the new Renault plan and unveiling of a new Renault/Coscharis partnership for the production and distribution of Renault brands in Nigeria, Mr. Cambolive said that Renault will offer the Nigerian clients a unique, original range that is perfectly adapted to the conditions of use of the country.

 

He added that Renault has an offer that meets the expectations of the new African middle class in terms of attractivity, durability and equipment such as connectivity.

 

 

According to him, Renault has a strong presence in North- Africa where it produces more than 500 000 vehicles in three plants and where we have an export capacity to the whole continent.

 

 

He added that with a population of over 200 million, Nigeria is a strategic African country where Groupe Renault will extend its footprint.” The Coscharis Group is a recognized player in car assembly and distribution.  Thanks to their expertise and our products adapted to the local needs, we will be able to answer immediately to the customers’ demand in Nigeria.”

 

 

Speaking earlier, Chairman of Coscharis Group, Dr Cosmas Maduka said:”This partnership is to showcase another initiative from our great organisation through one of our subsidiaries, Coscharis Motors Plc, to create value as a key player in the automobile industry in Nigeria. We are indeed glad to celebrate the confidence the renowned brand, Renault reposed in us to represent them in Nigeria. This milestone marks another step in the evolution of the company towards remaining timeless in its relevance.”

 

 

According to him, the company had few years ago, showed courage by investing huge sums of money in setting up a world class ultra – modern assembly plant in the country to demonstrate confidence reposed in the future of the country and its faith in the possibilities inherent in the automotive policy of  the Federal Government of Nigeria. “That bold step, among other landmark achievements in the Nigerian automotive industry, has endeared us to many forward looking global organisations and this partnership with Groupe Renault is just one of the manifestations of this.

 

 

“It is our cardinal objective at Coscharis to always strive to delight our esteemed customers and prospects by providing them with goods and services that deliver value for their money. This partnership is a further demonstration of that objective, especially towards providing them a bouquet of more options that continually delivers value for money. We are committed to broadening our dealership scope when such opportunity as this happens, since it is a strategic opportunity to deliver capable, refined and cost-effective vehicle models to our numerous loyal customers and prospects alike,” he said.

 

 

Dr Maduka said with the official announcement of this partnership, Coscharis shall be offering four variants of the Renault brand into the Nigerian market in the first instance. Two of the variants, Logan and Duster, will be assembled locally in the plant in SKD (Semi – Knocked Down).

 

 

“As time goes on, both the Renault Kwid and Renault Oroch will be added to the Renault line,” he said.

Advertisements
Continue Reading

Business

Report: CBN trying to force banks to lend, not buy bills

Published

on

By

Report: CBN trying to force banks to lend, not buy bills

Nigeria’s central bank barred banks from buying bills for their own accounts at an open market auction held on Thursday, a move intended to force them to lend rather than invest in government debt, traders said on Friday.

The bank is stepping up a campaign to get credit flowing. Last week, it limited the size of interest-bearing deposits it would hold for banks, the latest in a series of measures aimed at reviving an sluggish economy

The central bank, which had not issued market stabilisation bills for about a week before Thursday’s auction, told banks bids must be backed by customer demand. In the past, banks have bought government debt rather than assume risk by lending.

It was unclear if the order applied to Thursday’s auction only. Banks can still purchase bills on the secondary market, traders said.

At Thursday’s open market auction, the central bank offered 75 billion naira ($245.14 million) of bills, drawing demand totalling 475 billion naira for the various maturities. The bank sold one-year bills at a yield of 12.25%.

A trader said Thursday’s auction was aimed at non-bank investors, adding that the central bank has considered offering bills directly to foreign investors to support the currency.

STRUCTURAL REFORMS NEEDED

The central bank had been issuing securities at high yields to mop up naira, a policy it maintained for more than two years to attract foreign inflows into bonds and support the naira.

It was unclear which option the central bank wants to pursue: boosting credit flow locally or maintaining a stable currency in the face of high inflation and dollar shortages, reports Reuters.

At its last rate meeting in March, the bank cut rates by 50 basis points for the first time since November 2015, saying it wanted to signal a new direction. Analysts expect another 50-bp rate cut on Tuesday.

Bankers doubt the measure will do much to boost lending unless credit risk is addressed through reforms.

“I’m not quite sure this is an effective way of getting banks to put their balance sheet on the line to areas where they clearly perceive risk,” one banker told Reuters. “The central bank wants to drive growth in the economy without structural reforms, which is counter-productive.”

President Muhammadu Buhari won re-election in February and has pledged to get the economy growing again. But he has failed to set up a cabinet months after gaining a second term.

Analysts said recent policies aimed at boosting loans to revive the economy could have a knock-on effect by lowering yields to unattractive levels for foreign investors, which could weaken the naira.

Advertisements
Continue Reading

Business

Cashew as catalyst for Nigeria’s agric potential

Published

on

Cashew as catalyst for Nigeria’s agric potential

The untapped potentials of cashew once again came to light at the recent annual general meeting (AGM) of National Cashew Association of Nigeria (NCAN) where it was disclosed that the country’s cashew production hit 260,000 tonnes this year from 90,000 tonnes in 2011. Taiwo Hassan reports

 

deally, the rebirth of the country’s agriculture under the current administration of President Muhammadu Buhari has been applauded in many quarters because of the attention the administration gave to agriculture to re-jig the country’s non-oil sector.

Similarly, the Central Bank of Nigeria (CBN) has also played a key role towards revamping the moribund agriculture sector by rolling out intervention funds that have helped to galvanize and turn around the sector for steady growth and development.

However, one of the leading agric commodities, cashew, has been a money spinner for the country’s economy following the rate of sustainable development being achieved in terms of production, exports and accrued revenue.

Money spinners

Interestingly, the turnaround in the country’s cashew sector has seen the commodity being listed among non-oil exports, where the Federal Government intends to generate about $30 million.

Other agric commodities in the export list include ginger, cocoa products, hibiscus, sesame seeds, columbite for use in alloys, monalite for use in engineering and zircon.

Speaking during a meeting with President Buhari in Abuja recently, the Executive Director/Chief Executive Officer of Nigerian Export Promotion Council (NEPC), Segun Awolowo, disclosed that Nigeria, within the next 10 to 15 years, could earn about $150 billion from non-oil revenue sources.

Particularly, he said that the successful implementation of a zero oil plan would significantly increase foreign exchange earnings for the country.

“The zero oil plan is about raising production and productivity. We identified 22 sectors where we can earn foreign exchange apart from oil. We are hoping that in the next 10-15 years we will be able to raise $150 billion from sources outside oil,” Awolowo said.

In fact, cashew was identified as juicy crop in non-oil export because of its high return on investment.

This in return has buoyed the country’s non-oil export revenue for this fiscal year.

In the same vein, the Federal Government also announced that it was planning to get more cashew nut processing machines nationwide to enable the country double export earnings from $800 million to $1.7 billion.

A former Minister of Agriculture and Rural Development, Chief Audu Ogbeh, who dropped the hint, stated that government was already thinking of completing the building of cashew nut processing facilities nationwide in order to boost processed cashew nut export and earn more foreign exchange.

He explained that government would be working with cashew nut processors and other relevant associations in the country to ensure the success of the facility in order to bolster production.

He described cashew nut as one of the key non-oil exports that the current administration is looking at in order to increase its revenue base, adding that its contribution to national export earnings had been on a steady increase since 2015.

Production capacity

The National Cashew Association of Nigeria during its annual general meeting in Lagos stated that Nigeria’s cashew production had hit 260,000 tons this year from 90,000 tons in 2011.

However, the members attributed the increase to the Babatola Faseru-led executive’s efforts to promote cashew production in the country.

NCAN said it had been able to improve local, national and international image for cashew brand.

The association said it focused on the key gaps inhibiting growth in the business that will help to rebuild the sector’s potential, stimulate growth, and enable smallholder farmers to raise their incomes and yields, while creating jobs for young people and raising income for women.

Nigeria is rated the fourth largest producer of cashew nuts in Africa and seventh in the world with the bulk of its cashew nuts and cashew kernels exported to Vietnam and India.

NCAN then called on government to allot funds and create schemes to increase cashew nut production.

According to the association, cashew is a major agricultural produce and efforts have been made to boost farmers’ productivity and improve cashew production practices.

CBN’s impact

In one of the fora in Abuja, the central bank revealed that it would massively support farmers to boost the production of cashew, tomato, cocoa and palm oil across the country this year.

CBN Governor, Godwin Emefiele, said the move was in line with Federal Government’s quest to attain self-sufficiency and reduce food imports.

Already, the dynamics of the Central Bank of Nigeria’s Anchor Borrowers’ Programme in the lives of many farmers in the country and the economy in general cannot be quantified.

In fact, the ABP, which is part of the CBN’s development agenda, is not only targeted at creating millions of jobs, but it is also meant to lifting thousands of small holder farmers out of poverty.

Under the programme, the CBN had set aside N40 billion out of the N220 billion Micro, Small and Medium Enterprise Development fund given to farmers at single digit interest rate.

Funding challenge

Despite the progress recorded in the country’s cashew sector, funding is still posing the biggest challenge for exporters of the commodity in the country.

Affirming this concern, the NCAN president noted that fund was needed in order to ensure smooth export of cashew in the country, saying that the association was doing everything possible to ensure that cashew exporters do not encounter funding challenges.

According to him, Nigerian realised about $813.05 million (N284.5 billion) in foreign exchange from the export of cashew between 2015 and 2017.

Fasheru explained that the contribution of cashew to national export earnings had been on a steady increase since 2015.

The NCAN president disclosed that the commodity had become a source of income for local farmers, who have benefited immensely from exporting the product.

For instance, he said export earnings rose from $152 million in 2015 to $259 million in 2016 and $402.05 million in 2017.

According to him, Nigeria’s major trading partners are from Vietnam, India and the United States.

He stated that these countries had been the destinations for Nigeria’s cashew export in recent times.

While commending the commitment of the Federal Government to repositioning the economy through cashew production, he stressed that the Nigerian brand of cashew nuts was one of the most preferred globally.

Last line

Based on the forgoing, NCAN members are calling on the Federal Government to address some of the problems affecting the production and export of cashew in the country in order to guarantee steady production and revenue generation for the economy.

Advertisements
Continue Reading

Business

NAMA boosts airspace safety with new VHF radios

Published

on

NAMA boosts airspace safety with new VHF radios

Nigerian Airspace Management Agency (NAMA) has boosted safety of Nigerian airspace, as the agency commences installation of 14 new Very High Frequency (VHF) radio sites to ride on the new VSAT network.

Managing Director of NAMA, Capt. Folayele Akinkuotu, expressed gratitude to the Federal Government for its support and intervention leading to the final clearance of the agency’s VSAT equipment at the Apapa port.

Not a few believe that the installation of the multi-million dollar equipment would help to reduce the occurrence of blind spots in the country’s airspace.

Akinkwuotu assured airspace users and the flying public that the Nigerian airspace remained safe, adding that NAMA would continue to upgrade its air traffic management services and procedures to guarantee safety of air navigation in the country at all times. 

Since 1998, it has been more of rhetorics than actualisation of yet-to-be-completed Aeronautical Information Service (AIS) automation. The wait seems to have ended following the clearance and deployment of the facilities.

This was further worsened by the inability of NAMA to clear the over N1 billion facilities that are still trapped at the seaport.

At the celebration of the 2019 World AIS Day in Lagos, Akinkuotu said the Nigeria Customs service (NCS) was asking for N100 million before the clearance of the equipment and had refused to grant waiver for its release.

Akinkuotu, represented by the Director Operations, Mr. Lawrence Pwajok at the event, which was themed: “The Benefits of Automation to Aeronautical Information Management,” expressed fear that the equipment may rust and become obsolete if not given an expedited clearance.

He said: “Clearing of these goods and paying customs duties cost hundreds of millions because these are very expensive equipment, we must find funds for doing this clearance and it must be done urgently because the equipment cannot remain in the ports at the risk of bad weather and anything could expire there and we will run the risk of starting all over again.”

Akinkuotu lamented that the agency was back to square one again, dashing the hopes of the AIS personnel in the automation of the AIS in the country after 10 years of foot dragging on the project.

The NAMA MD, however, stated that the setback would not affect the automation of the AIS, as the Minister of State for Aviation, Hadi Sirika, was working tirelessly to ensure that the project was implemented.

He assured AIMAN that management was working hard to ensure more AIS officers are trained ahead of the completion of the automation system, adding that efforts were on to provide conducive working environment for the officers to carry out their job effectively towards ensuring safety.

Akinkuotu explained that the agency was asked not to include the clearance fees for the equipment in last year’s budget and assured that as a government agency, the equipment would be granted waiver.

“The project did not envisage that we will have to pay for clearing, it was two years ago we were at the National Assembly with the former MD and the National Assembly insisted we should not pay for cost for clearing of government equipment in the budget, they say you can get a waiver from customs and from the ministry of finance and from the CBN and you don’t need to pay.

The NAMA boss told this newspaper that the agency had equally planned to digitalise the nation’s Aeronautical Information Service (AIS) having received a bolster, as the agency recently commenced the installation of prefabricated pilot joint briefing offices nationwide.

He disclosed that the installation team, which has completed work at Murtala Mohammed International Airport Lagos, had proceeded to another airport and is expected to continue the installation in 21 airports and three aerodromes nationwide.

Advertisements
Continue Reading

Business

Analysts: Nigeria rakes in $750m from Sesame seeds yearly

Published

on

Analysts: Nigeria rakes in $750m from Sesame seeds yearly

As global sesame seed consumption is rising exponentially due to its health and nutritional benefits, Nigeria is generating over $750 million in revenues yearly from the product.

This was disclosed in a report by analysts from Bismark Rewane-led Financial Derivative Companies (FDC).

Specifically, they said Nigeria remained the largest producer of sesame seed in sub-Sahara Africa (SSA) and fourth in the world.

“Nigeria produces 550,000 metric tonnes (mt) of sesame seeds per year, generating over $750 million in revenue,” the experts said.

Despite the fact that Nigeria has the potential of increasing its production by 82 per cent to one million metric tonnes, analysts pointed out that sesame seed production in the country was constrained by quality and economies of scale.

The FDC report stated that total global production of sesame seeds in 2017 was estimated at 5.53 million tonnes, amounting to $4.15 billion.

“Global output fell sharply by 9.5 per cent compared to 2016. Global price of sesame seeds increased in 2018 and is now trading at a range of $1,550- $1,650/tonne,” the experts said.

Countries such as Tanzania, Myanmar and India are top world’s producers of sesame seeds, while Tanzania, China and Sudan are global top consumers.

Sesame seeds are being used for oil, flour, pastry garnishing, sushi and salad, among others.

Currently, the nation produces 9.95 per cent of total global output and is ranked fourth largest in the world.

Nigeria produces sesame for exports to Japan, China and Turkey and those countries process it as a major ingredient in cooking oil.

According to the report, export earnings from sesame seed in Nigeria was in excess of $200 million and it is produced nine states of the federation, mainly Jigawa, Benue, Nassarawa, Yobe, Kano, Gombe, Plateau, Katsina and Kogi.

However, analysts noted that pastoral conflicts in major producing states were weighing on output of sesame seeds in the producing states.

Meanwhile, Nigeria produces 0.11 per cent of global steel (less than two million metric tonnes), but imports five million tonnes yearly, according to analysts.

They pointed out that efforts to revive the Nigerian steel industry were already under way, but that competition against increasingly low cost steel imports from China has formed the biggest threat confronting every potential investor.

The report stated that Nigeria was a fringe player in steel production with output of less than two million tonnes.

It said: “The nation boosts 13 rolling mills, seven mini mills and two integrated steel companies.

“Delta steel plant, which produced two metric tonnes (mts); and Ajaokute steel – 5.7mts are potential game changer for Nigeria.”

Major rolling mills in the countries are Katsina, Jos and Osogbo, while steel import demand was estimated at five million tonnes, amounting $3.3 billion.

“Nigeria’s total global production of steel in 2018 was 1.8billion tonnes, amounting $41.18trillion,” analysist said.

Steel is used for the construction of buildings, bridge, railway and automobile.

World’s top producers of steel include China, European Union, India, Japan and United States; while top consumers are China and EU.

Advertisements
Continue Reading

Business

Labour seeks Nigeria’s alignment with climate change pact

Published

on

Labour seeks Nigeria’s alignment with climate change pact

The Nigeria Labour Congress (NLC) has thrown its weight behind the Federal Government in its effort to align with the United Nations by signing the action climate change agreement.

President of NLC, Comrade Ayuba Wabba, disclosed this in a letter signed addressed to the Secretary to the Government of the Federation.

NLC described the agreement as a commitment to support a just ecological transition by formulating national plans for a just transition, creating decent work as well as green jobs for the citizens.

According to the NLC, the process involves creating mechanisms of inclusive social dialogue such as assessing employment, social and economic impacts of ecological transition and green jobs potential; implementing skills development; designing innovative social protection policies; increasing transfer of technology and knowledge to developing countries as responsible investment.

Wabba stated that  the NLC looks forward to being partners with government in the implementation of these commitments.

The letter noted that the UN Secretary-General is calling on all leaders to come to New York in September with concrete, realistic plans to enhance their nationally determined contributions by 2020, in line with reducing greenhouse gas emissions by 45 per cent over the next decade, and to net zero emissions by 2050.

Advertisements
Continue Reading

Business

DMO to auction N145bn worth of bonds, July 24

Published

on

DMO to auction N145bn worth of bonds, July 24

The Federal Government has offered for subscription by auction N145 billion worth of bonds in its July 24 auction, the Debt Management Office (DMO) has said.

The offer circular obtained from its website on Thursday stated that it would sell N40 billions of a five year re-opening issue maturing in April 2023 at 12.75 per cent.

It would also sell N50 billion 10 year re-opening bond to mature in April 2029 at 14.55 per cent, and another N55 billion 30 year re-opening at 14.80 per cent to mature in April 2049.

According to DMO, a unit of sale is N1, 000 per unit, subject to a minimum subscription of N50 million and in multiples of N1, 000 thereafter.

The DMO explained that the bonds are backed by the full faith and credit of the Nigerian Government, with interest payable semi-annually to bondholders, while bullet repayment would be made on maturity date.

Nigeria issues sovereign bonds monthly to support the local bond market, create a benchmark for corporate issuance and fund its budget deficit.

Advertisements
Continue Reading

Categories

Facebook

Trending

Take advantage of our impressive online traffic; advertise your brands and products on this site. For Advert Placement and Enquiries, Call: Mobile Phone:+234 805 0498 544. Online Editor: Tunde Sulaiman Mobile Phone: 0805 0498 544; Email: tunsul2@gmail.com. Copyright © 2018 NewTelegraph Newspaper.

%d bloggers like this: