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Lagos Allots N2.7b to Build 5 Elderly Care Centres

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By Dipo Olowookere

Governor Akinwunmi Ambode of Lagos State has disclosed that a total sum of N2.698 billion has been earmarked in the 2017 budget for the construction of Elderly Care Centres across the five administrative divisions of Lagos.

This, Mr Ambode explained, is in line with his administration’s commitment to the welfare of retired civil servants/pensioners from the State Public Service,

The Governor noted that the Elderly Care Centres, which will be constructed at Ikorodu, Badagry, Epe, Alimosho and Lagos Island, was a demonstration of his administration’s commitment to the welfare of the senior citizens in appreciation of their contributions to the development of the State and the Nation while in active service.

Mr Ambode stated this at the year 2016 Lagos State Senior Citizens/Pensioners Day celebration, organised by the State Ministry of Establishment, Training and Pensions at the Vantage Point Event Centre, Acme Road, Agidingbi, Ikeja, saying the gesture was to reassure them that their relevance in the society did not end on the day of their retirement from public service.

Speaking through his Deputy, Dr Idiat Oluranti Adebule, the Governor noted that his administration has shown genuine commitment to the workers’ welfare including retirees right from the inception through regular payment of salaries of those in active service and prompt payment of retirees’ benefits especially those that have accrued over the years.

He informed the Retirees/Senior Citizens that his administration had earlier paid a total sum of N21.929 billion as accrued pension rights to 5,027 retirees, while another N1.5 billion intervention fund was also approved for the payment of the outstanding gratuities and accrued pensions to Local Government retirees and the balance of 142% pension arrears.

While describing the theme of the year 2016 celebration: ‘Take a Stand Against Ageism’ as instructive and appropriate, the Governor deplored the increasing discrimination and prejudicial attitudes towards older old age and aging process in the society.

Earlier, Commissioner for Establishments, Training and Pensions, Dr Akintola Benson Oke said the celebration of Senior Citizens/ Pensioners was in recognition of their various contributions to the socio-economic development of the State while in service.

He emphasised that the celebration was also a further confirmation of the sincerity of the present administration to run an all-inclusive government where everyone is a major beneficiary of the allocation of State resources.

Speaking on behalf of the retirees/ Senior Citizens, Chairman, Nigeria Union of Pensioners, Lagos State Chapter, Comrade Mojeed Adebayo Ibrahim noted that the celebration of Pensioners day by the State government provided an avenue for all retirees and pensioners from the State public service to come together and share ideas on how to make life more bearable for themselves.

Comrade Ibrahim commended the present administration for prompt payment of pensions and gratuities to its retirees in spite of the current economic recession in the country, stressing that the governor has demonstrated quality leadership by paying all outstanding pensions and gratuities he inherited from previous administrations in the State.

While reassuring his members support and readiness to offer useful advice that could help government to achieve its goals, he pleaded with the State government to address some of the problems confronting the pensioners including payment of the remaining gratuities of all affected pensioners, especially Local Governments, Primary School Teachers and Parastatals, harmonization of all pensioners in the State owing to the current economic recession in the country, and provision of a befitting secretariat for the pensioners in the state.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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TCN Confirms Destruction of Six Transmission Towers in Nasarawa

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Transmission Towers

By Adedapo Adesanya

The Transmission Company of Nigeria (TCN) has confirmed the destruction of six transmission towers along the Apir–Lafia 330kV line in Nasarawa State, causing significant disruption to electricity supply in parts of the country.

In a statement issued on Wednesday, TCN spokesperson, Mrs Ndidi Mbah, said the incident occurred on May 30 at about 1:15 a.m. during a heavy downpour.

She explained that the transmission line initially tripped, prompting operators to attempt a trial reclosure of Line II at about 2:08 a.m., but the effort failed.

A subsequent inspection of the transmission corridor, however, revealed extensive damage to key components of towers T125 to T130, confirming that the infrastructure had been vandalised.

“The tripping of the lines prompted a physical line trace to determine the fault, which revealed damage to critical components of towers T125 to T130, confirming vandalism on the affected sections of the transmission corridor,” Mbah said.

The incident has forced both Apir–Lafia 330kV Transmission Lines I and II out of service pending the reconstruction of the damaged towers.

TCN said its engineers have been deployed to the site to assess the extent of the damage and determine the materials required to restore normal transmission along the corridor.

As an interim measure, the Lafia 330kV Transmission Station is being supplied through an alternative line to minimise the impact on electricity consumers within the franchise areas of Abuja Electricity Distribution Company (AEDC) and Jos Electricity Distribution Company (JEDC).

The company condemned the persistent vandalism of power infrastructure, warning that such acts undermine investments in the electricity sector and threaten the stability of the national grid.

It also urged residents and host communities to remain vigilant and report suspicious activities around transmission installations to security agencies or the nearest TCN office.

TCN stressed that safeguarding critical national infrastructure requires collective responsibility to ensure a reliable and uninterrupted electricity supply nationwide.

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IFC, NGX Group, LCCI Unveil Nigeria Gender Country Programme

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Gender and Equal Opportunities Commission

By Aduragbemi Omiyale

A Nigeria Gender Country Programme (NGCP) to advance private sector action on gender equality and inclusive economic growth has been unveiled at a high-level virtual CEO Roundtable convened by the International Finance Corporation (IFC), Nigerian Exchange (NGX) Group Plc, and the Lagos Chamber of Commerce and Industry (LCCI).

The NGCP builds on the momentum of Nigeria2Equal and other initiatives that have advanced workplace inclusion, women’s leadership, entrepreneurship, and sustainable finance across Nigeria’s private sector.

Designed as a more integrated and collaborative platform, the programme seeks to scale impact through coordinated action among development institutions, business leaders, regulators, and the organised private sector.

Anchored on three strategic priorities, the programme aims to increase women’s representation in leadership, improve access to quality employment, and expand access to productive assets—including finance, technology, and markets—for women and women-led businesses.

The partners are expected to formally launch the Nigeria Gender Country Program at a physical event scheduled for July 9, 2026, where stakeholders will further advance implementation of the programme’s strategic priorities.

At the virtual event, the Director General of the Securities and Exchange Commission (SEC), Mr Emomotimi Agama, said, “Gender inclusion is fundamentally an economic growth imperative. Closing gender gaps can unlock billions of dollars in value for Nigeria while strengthening business performance and national competitiveness. We must therefore move beyond viewing inclusion as a corporate social responsibility initiative or compliance exercise, and instead recognise it as a strategic driver of productivity, innovation, and sustainable economic growth.”

Commenting on the initiative, the chief executive of NGX Group, Mr Temi Popoola, said the initiative “presents a significant opportunity to deepen impact and accelerate progress across corporate Nigeria. By expanding women’s access to leadership opportunities, quality employment, finance, technology, and markets, we can unlock substantial economic value while building a more competitive, inclusive, and resilient private sector. At NGX Group, we believe the capital market has a critical role to play in advancing these outcomes through stronger governance, transparency, and stakeholder engagement.”

On his part, the IFC Head of Office in Lagos, Mr Christian Mulamula, said, “Closing the gender gap is one of the most significant opportunities to strengthen competitiveness and productivity. Across Africa, gender inequality is estimated to cost up to $2.5 trillion. Through the Nigeria Gender Country Program, IFC is working with the private sector to expand women’s leadership, improve access to better jobs, and increase opportunities for women-led businesses. Building on Nigeria2Equal, this initiative focuses on practical, measurable solutions that help businesses grow while advancing inclusive growth.”

In her remarks, the DG of LCCI, Ms Chinyere Almona, noted that the programme’s success would depend on leadership accountability and sustained commitment from business leaders, particularly in embedding gender inclusion into organisational strategy and execution.

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VDR, ECDIS Data Retrieved as NSIB Probes Maersk Vessel Collision at Bonny Anchorage

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Maersk Vessel Collision

By Adedapo Adesanya

The Nigerian Safety Investigation Bureau (NSIB) has commenced a forensic investigation into the collision between the container vessel MV Maersk Valparaiso and the oil tanker MT Lady Martina at Bonny Anchorage in Rivers State, following the download of Voyage Data Recorder (VDR) and Electronic Chart Display and Information System (ECDIS) data from the vessel for navigational analysis.

The bureau’s Director of Public Affairs and Family Assistance, Mrs Funke Adebayo Arowojobe, explained that in line with the International Maritime Organisation (IMO) Casualty Investigation Code and international obligations, NSIB had formally notified the Transport Safety Investigation Bureau (TSIB) of Singapore as a substantially interested State.

The incident, which occurred on May 20, 2026, has been classified by the bureau as a Very Serious Marine Casualty (VSMC).

She also said that NSIB activated its marine occurrence response protocols immediately after receiving notification of the incident, noting that the investigation Go-Team was deployed to Onne and Bonny on May 22 to commence evidence preservation and preliminary investigative activities.

The bureau disclosed that investigators boarded both vessels and conducted interviews with their masters and key crew members, while operational records and navigational data linked to the incident were secured.

Also, the director stressed that the bureau had commenced collaborative engagement with relevant local and international stakeholders as part of the investigation process, assuring the public and maritime stakeholders that the investigation would be conducted with professionalism, independence and thoroughness, stressing that the objective was to determine the causal and contributory factors of the occurrence and enhance maritime safety.

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