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Lagos Pays Retirees N1.01bn in August 2020

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NITEL MTel retirees

By Adedapo Adesanya

The Lagos State government had disclosed that a total number of 218 retirees have been paid the sum of N1.01 billion for the month of August 2020.

This was made known by the Director-General, Lagos State Pension Commission (LASPEC), Mr Babalola Obilana, at the 78th Batch Retirement Bond Presentation Ceremony, in Lagos.

He noted that in view of the current COVID-19 pandemic across the world, LASPEC has changed its mode of distributing bond certificates to state pensioners, stressing that the retirees would now be attended to in batches, in compliance with the social distancing rules of the state government.

The new process adopted by the commission nullifies the initial arrangements where the presentation of bond certificates was handled by the Pension Fund Administrators (PFAs) of concerned retirees or beneficiaries.

According to the Director-General of LASPEC, the commission initiated the new process to ensure that senior citizens are not exposed to the coronavirus and to also comply with directives on the restriction on large gatherings.

In his words, “The commission changed from its initial method of releasing bond certificates to Pension Fund Administrators who had been inviting beneficiaries to exit meetings to access their lump sum and monthly pensions.”

He affirmed that LASPEC will continue to be resolute in forging ahead with the contributory pension scheme, stressing that the scheme was sustainable and had resolved the challenges of the past Pension Scheme Administration which, being non-contributory, relied totally on budgetary allocations of government.

He stated that the Lagos State government through LASPEC was committed to ensuring that retirees are paid their terminal entitlements as and when due without any hiccups.

“We remain committed to our ideals of making Lagos State a role model for others to follow on pension matters.

“In Lagos State, our employees are our greatest assets and this is why we are not only passionate about providing good conditions of service but also fully committed to ensuring that their entitlements are paid when they exit the Public Service,” Mr Obilana reiterated.

He advised the retirees to be mindful of fraudsters who come with the idea of unknown business and also implored them to be careful with the disclosure of information about their Bond Benefit Entitlement in order to not fall into the hands of people with ulterior intentions.

Mr Obilana also lauded Governor Babajide Sanwo-Olu for his efforts towards the plight of retirees in the state.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Olam Agri to Sustain Significant Investments in Workforce, Food Value Chain

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Olam Agri food commodities

By Aduragbemi Omiyale

The managing director of Olam Agri in Nigeria, Mr Anil Nair, has assured us that more investments in the company’s workforce will be made for economic growth.

He gave this assurance while reacting to the recognition of the organisation as a Top Employer for the fifth consecutive time by the Top Employers Institute.

“As we celebrate this recognition, we also look to the future. Olam Agri is committed to scaling our HR practices to ensure alignment with global standards.

“We will continue to make significant investments in our people and the food value chain, enriching lives and driving economic growth.

“Our goal is to create an environment where our employees can excel and thrive, and we are dedicated to achieving this.

“Olam Agri’s continued success as a Top Employer reflects its unwavering dedication to fostering growth, well-being, and excellence in its operations,” he stated.

Also commenting, the firm’s Regional Head of Human Resources, Jaideep Biswas, said, “Our people-centric strategy aligns with the dynamic demands of the global talent landscape, embedding diversity, equity, and inclusion at the core of our operations.

“This certification validates our approach, but we’re not stopping here. We remain committed to helping our workforce thrive in a rapidly evolving work environment.”

In the annual HR Best Practices Survey of the Top Employers Institute, Olam Agri in Nigeria was named the Top Employer because of its exceptional workplace culture, innovative HR strategies, and growing appeal to talent locally and globally.

“Consistency in a not-so-consistent world is remarkable. Amidst technological advances, economic shifts, and evolving social landscapes, it’s inspiring to see organisations like Olam Agri rise to the challenge.

“This year’s certification celebrates those who continue to lead with people-first strategies, setting the standard for enriching the world of work,” the chief executive of Top Employers Institute, Mr David Plink, said.

The institute evaluates organisations based on a comprehensive survey covering six key HR domains and 20 topics: People Strategy, Work Environment, Talent Acquisition, Learning, Diversity, Equity and Inclusion, and Wellbeing.

Since 2020, Olam Agri’s operations in Côte d’Ivoire, Ghana, Nigeria, South Africa, and the Africa region have consistently earned top rankings, solidifying its reputation as an employer of choice.

As a leading agribusiness in food, feed, and fibre, Olam Agri is deeply committed to making a positive impact on its workforce, customers, host communities, and stakeholders.

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Proposed NLC Protest Over Tariff Hike Unnecessary—Subscribers

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End Hunger Protest5

By Adedapo Adesanya

The National Association of Telecommunication Subscribers (NATCOMS) has distanced itself from the planned industrial action by the Nigeria Labour Congress (NLC) against the recently approved telecommunication tariff hike.

According to NATCOMS President, Mr Deolu Ogunbanjo, in a statement on Thursday, the proposed protest was unnecessary, warning that it could send negative signals to investors.

Earlier this week, the Nigerian Communications Commission (NCC) approved a 50 per cent tariff adjustment in response to rising operational costs following over 11 years of discussion.

The move has raised worries and one of the parties which have been vocal about is NATCOMS.

The subscribers’ group and the labour union criticized the move, describing it as excessive and burdensome for Nigerian consumers.

On the part of the union, Mr Joe Ajaero, the NLC President, called on the industry regulator and the National Assembly to halt the 50 per cent implementation, urging Nigerian workers and the public to reject the hike, suggesting a nationwide boycott of telecommunication services as a possible course of action.

“This is for our dignity, our rights, and our survival as a people. The NLC remains resolute in defending the interests of Nigerian workers and the masses.

“We will resist this injustice and demand that the government prioritizes the interests of its citizens over corporate interests,” Mr Ajaero said.

But NATCOMS has advocated legal action and not the proposed protest.

“We do not support the Nigerian Labour Congress’ call for industrial action. No, we don’t! NATCOMS is not in support,” Mr Ogunbanjo stated.

“To investors and businesses, it is a wrong signal. Negotiation is still ongoing, and the tariff hike is scheduled for February. We still have eight days,” he added.

Business Post had reported that NATCOMS is engaging with the NCC to find a resolution and is prepared to approach the courts if consultations fail.

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Five Firms Get N16.3bn for 68km Rural Roads in Oyo

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Rural Roads Development

By Modupe Gbadeyanka

Five construction companies have sealed a deal worth N16.3 billion to construct about 68 kilometres of rural roads under phase 1 of the Oyo State Rural Access and Agricultural Marketing Project (Oyo RAAMP).

The roads, according to the Commissioner for Agriculture and Rural Development, Mr Olasunkanmi Olaleye, cut across five local government areas of the state.

He said the project was expected to have a positive impact on lives of rural communities, farmers, and traders as well as market hubs to reduce post-harvest loss of agricultural products.

The Commissioner urged the firms to execute quality and satisfactory jobs since they emerged from the highly competitive bidding and procurement processes.

Mr Olaleye explained that the phase 1 intervention roads of backlog maintenance/rehabilitation and cross drainage structures would include the Fashola Farm settlement road networks in Oyo West, the Oloko Oyo Junction-Ikere Junction in Iseyin Local Government, the Alako-Idiya-Batake-Olowa Farm settlement in Ido Local Government, the Adebayo-Alata-Aba Oje in Oluyole local government, the Okudi-Oyada road in ATISBO Local Government, and the Tewure-Ila junction road in Oriire local government.

The contractors awarded the road projects are Dephhanny’s Venture Limited, Messrs CGC Nigeria Limited, Messrs Coastline Engineering Limited, Messrs Lopek Engineering and Construction Limited, and Messrs E.A.A Engineering Limited.

Speaking at the signing ceremony, the Permanent Secretary in the Ministry of Agriculture and Rural Development, Mrs Abosede Owoeye, said that the objectives align with the vision of Governor Seyi Makinde to support farmers with the necessary equipment to enhance food security, adding that this was one step closer to achieving its goals of promoting economic growth, improving livelihoods, and enhancing food security.

She, therefore, thanked the federal government, the World Bank, and the French Development Agency for the support.

In her remarks, the Oyo State Project Coordinator for Rural Access and Agricultural Marketing Project, Ms Adeola Ekundayo, urged the contractors to cooperate with stakeholders who will be monitoring their activities.

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