By Sodeinde Temidayo David
The Lagos State Government has disclosed that it has paid 291 retirees of the state’s public service an amount of N1.29 billion accrued pension benefits for the month of September.
This was made known by the Director-General for the Lagos State Pension Commission (LASPEC), Mr Babalola Obilana, during the retirement bond certificates presentation to the 89th batch of Contributory Pension Scheme (CPS) retirees in Lagos on Tuesday, October 5.
According to him, the fund has been paid into the Retirement Savings Account (RSA) of the beneficiaries.
Speaking at the event to commemorate the celebration of public servants in the state, Mr Obilana said, “This event has been put together to celebrate you our retirees and also present to you your retirement bond certificate, showing accrued pension rights due to you for the years spent in the service of Lagos State under the discontinued Defined Benefit Scheme (DBS).”
Mr Obilana further expressed that one of the outcomes of the Governor’s commitment was the regular issuance of the certificates to retirees of the state’s public service.
In response, the retirees commended Lagos for helping them process their pension, and also probed the workings of the annuity and programmed withdrawal options for payment of their pensions.
The Lagos pension body chief, while reiterating the commitment of the state government to the welfare of its retirees, said it would remain consistent in the implementation of the contributory pension scheme in line with the provisions of the state’s amended pension law.
NGA Calls for Multiple Approach to Energy Transition
By Adedapo Adesanya
The Nigerian Gas Association (NGA) has called for a multidimensional approach to energy transition in Africa amid the lingering global energy crisis and increased calls for the replacement of fossil fuels with renewable energy to reduce carbon emissions.
NGA cautioned that Africa needs to be cautious and consider all the pertinent issues in transitioning from fossil fuel to cleaner and more sustainable energy sources.
According to the National Publicity Secretary of the association, Mr Odianosen Masade, fossil transition in developed economies has been going on for over a century, whilst Africa was expected to transition over a few decades.
“Africa accounts for the smallest share of global greenhouse gas emissions, at just 3.8 per cent, in contrast to 23 per cent in China, 19 per cent in the United States, and 13 per cent in the European Union.
“Africa is also the least industrialized of all the continents in the world, yet one of the most vulnerable to climate change,” he noted.
Mr Masade, who is the Corporate Communications Lead at Eroton Exploration & Production Company, also provided insights into challenges inhibiting Nigeria from maximizing the opportunities presented by the conflict in Ukraine, which has reduced the global supply of gas.
He disclosed that the lack of political will, as well as Nigeria’s lack of critical infrastructure, were some of the greatest reasons for Nigeria’s disadvantaged position.
“One such infrastructure that would have generated significant income for the country is the Trans-Saharan gas pipeline, which will traverse Nigeria, Niger and Algeria across the Sahara desert to Europe.
“It is estimated that once completed, the $13 billion pipeline would transport up to 30 billion cubic meters (1 trillion cubic feet) of natural gas per annum from Warri in Nigeria, through Niger and Algeria on to Europe,” he stated.
In July, the oil ministers of the three countries signed a Memorandum of Understanding (MoU) and agreed to set up a task force for the project with the aim of updating an existing feasibility study.
The idea to pipe gas across the Sahara to Europe was first conceived more than 40 years ago. In 2009, an agreement was signed by the three gas-rich countries, but progress has stalled since then.
TSGP, also known as the NIGAL pipeline, may now move closer to becoming reality as Europe attempts to cut its strong dependency on Russian gas.
IGP Authorises Stop & Search, Raids, Others to Tackle Crime
By Adedapo Adesanya
The Inspector-General of Police (IGP), Mr Usman Alkali Baba, has ordered the deployment of adequate security around schools, hospitals, and critical national infrastructures across the country.
The Force Public Relations Officer, Mr Olumuyiwa Adejobi, who disclosed this in a statement on Sunday, said the IGP has also ordered regular patrols, stop and search, raids and show of force by tactical commanders to clamp down on pockets of crime and criminality in some states of the federation.
“The Inspector-General of Police, Usman Alkali Baba, has ordered the deployment of water-tight security arrangements to cover all schools, hospitals, health workers, and critical national infrastructures around the country,” the statement added.
“The IGP has equally ordered regular patrols, stop and search, raids, and show of force by tactical commanders to clamp down on pockets of crime and criminality recorded in some states of the federation,” it further said.
Mr Baba gave the directive while reviewing the reports he received from various commands and formations on the general security situations across the country.
He tasked strategic police managers at various levels to prioritize the use of intelligence gathering networks while charging officers and men of the force to take the fight against crime to the doorsteps of suspected criminal elements with a view to flushing them from their hideouts.
The IGP also called for the cooperation of members of the public, warning police officers to be civil, professional, and humane in the course of discharging their duties.
SERAP Begs INEC to Allow 7 million Nigerians Complete Voter Registration
By Adedapo Adesanya
The Socio-Economic Rights and Accountability Project (SERAP) has asked the Independent National Electoral Commission (INEC) to allow seven million Nigerians to complete their voter registration.
SERAP made the call in a statement on Sunday through its Deputy Director, Mr Kolawole Oluwadare, warning that the failure of the electoral body to grant this request could attract legal action.
According to the rights group, INEC recently disclosed that out of 10,487,972 Nigerians who carried out their pre-registration online, only 3,444,378 completed the process at physical centres.
SERAP believes that the right to vote is also the right to be given the time and opportunity to complete the registration process so that it can be effectively exercised.
“The right to vote is not merely the right to cast a ballot but also the right to be given the time and opportunity to complete the registration process, so that the right can be meaningfully and effectively exercised,” the statement read.
“Closing the gates on eligible Nigerians and denying them the time and opportunity to complete their registration cannot preserve trust in the electoral process.
“Denying a significant number of eligible voters the time and opportunity to complete the registration for their PVCs would impair the right to vote of those affected, deny them a voice in the 2023 elections, and lead to disparate and unfair treatment of these voters,” it submitted.
The organisation noted that, “According to a report released by INEC, out of 10,487,972 Nigerians who carried out their pre-registration online, only 3,444,378 Nigerians representing 32.8 per cent, completed the process at a physical centre. 7,043,594 Nigerians carried out their pre-registration but are yet to complete the process at a physical centre.
“This represents over 67 per cent of those who began their registration process online.
“According to INEC, a total of 12,298,944 Nigerians completed their voter registration; 8,854,566 of which were persons who did their registration entirely at a physical centre.
“The over seven million Nigerians have already completed their registration online, that is, via INEC online portal by providing their biodata and required documents.”
Latest News on Business Post
- How Much Do You Really Know About Credit Restoration? Learn More Here August 17, 2022
- Hann Succeeds Chimphondah as Shelter Afrique CEO August 17, 2022
- NGX Rebounds by 0.16% on Renewed Bargain Hunting August 17, 2022
- Again, NASD OTC Market Capitalisation Falls Below N1trn August 17, 2022
- Naira Loses Value Against Dollar at P2P, I&E, Black Market August 17, 2022
- Brent Crude Falls on Demand Concerns, Possible Iran Deal August 17, 2022
- Nigeria, India to Strengthen Ties in Fintech, Science, Solar Energy August 17, 2022
- Buhari to Present 2023 Budget to National Assembly September August 17, 2022
- Electricity Workers Threatens Strike from Today August 17, 2022
- NGA Calls for Multiple Approach to Energy Transition August 17, 2022