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Toyin Kolade Assists Government Fight Coronavirus

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Princess Toyin Kolade

Popular Lagos-based female socialite, Princess Toyin Kolade, has joined the Lagos and federal governments in their fight against coronavirus.

The Chairman/CEO of Fisolak Group of Companies, who is fondly called the Iyalaje of the Source, has donated some items to the vulnerable in the society.

Recall that over the weekend, Governor Babajide Sanwo-Olu, announced some relief packages for some residents of the state, which are meant to help those who may not have things to eat during the ‘forced’ sit-at-home measure put in place to curb the spread of the virus.

As part of her own contribution to the betterment of the society, Princess Kolade donated some items like cash, food items, face masks, hand sanitizers and more to some people in the state. The donations were made by her to the proper channels for even distribution.

The coronavirus pandemic has brought the world to its knees and according to the International Monetary Fund (IMF), the global economic has entered into a recession worse than the one witnessed during the global financial meltdown in 2008.

Several businesses have been shut down due to the virus, while many nations have closed their borders, making travelling almost impossible in some countries.

In Nigeria, several people have been asked to stay at home, while businesses have asked their workers to work from home because of the devastating effect of the disease, which still has no cure.

In her own way to support those that may be affected, Princess Kolade made the donations. The lovable woman has always remained a blessing to womanhood and a very successful business amazon.

It is important to note that this kind gesture from her did not come as a surprise to thousands who are privy to her antecedents and they submitted that her heart of gold has made her become very successful in her freight forwarding business.

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 dipo.olowookere@businesspost.ng

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Sea Piracy in Nigeria Drops 80%—NIMASA

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Sea Piracy

By Adedapo Adesanya

The Nigerian Maritime Administration and Safety Agency (NIMASA) has disclosed that sea piracy has declined drastically by 80 per cent on Nigeria’s territorial waters.

This was made known by the Director-General, Mr Bashir Jamoh, during a courtesy call by Executive Members of the Nigeria Union of Journalists (NUJ), Lagos State Council, led by the Chairman, Mr Adeleye Ajayi to the NIMASA headquarters in Lagos.

According to Mr Jamoh, $783 million had been lost to piracy in the Gulf of Guinea.

He said: “We have recorded a drastic reduction in piracy and this is enough for us to beat our chest and say that we are ready to return to the category ‘C’ of membership of International Maritime Organisation (IMO).

“However, the year 2021 has witnessed a significant turnaround under my leadership as insecurity on Nigerian waters had reduced by 80 per cent.”

Mr Jamoh said that the last time the country had a drop in piracy attack in the nation’s waterways was in 1994, saying that Nigerian waterways were one of the top 10 safest glasses of water in the world.

He noted that this achievement was enough reason to sensitise and inform the international community that the Nigerian waterways were now safe than ever before, as Nigeria must take its rightful position among the comity of nations globally.

“We want the cost of the insurance premium paid by Nigerians as a result of insecurity to be reconsidered as insecurity in the country’s waterways had drastically reduced,” Mr Jamoh said.

The NUJ chairman, in his remarks, assured NIMASA of regular publicity as well as a robust relationship between the Lagos Council of NUJ and NIMASA.

He lauded NIMASA for the giant strides it had achieved in the maritime sector, which included safeguarding of Nigeria’s waterways, collaboration with sister agencies of government as well as donations worth millions of naira to the Internally Displaced Person (IDP) camps and victims of the disaster in the country.

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LAWMA, Alliance Evacuate 75,000 Plastic Bottles from Ilashe Beach

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Plastic Bottles from Ilashe Beach

By Adedapo Adesanya

The Lagos Waste Management Authority (LAWMA) commemorated the 2021 World Clean-up Day by evacuating 75,000 plastic bottles from Ilashe Beach, Lagos.

The exercise was undertaken by Food and Beverage Recycling Alliance (FIBRA), an umbrella body for about 20 food and beverage manufacturing companies along the five kilometres Ilashe/Ibeshe beach area on the outskirts of Lagos.

Others were Nigerian Maritime Administration and Safety Agency (NIMASA); Lagos State Waterways Authority (LASWA), Nigerian Ports Authority (NPA), Lagos Ferry Service, among others.

The World Clean-Up Day, celebrated every September 18, is an annual global social action programme aimed at combating the global solid waste problem, including the problem of marine debris.

Speaking at the event, the Managing Director of LAWMA, Mr Ibrahim Odumboni, said at the event that his agency was using the opportunity of the World Clean-up Day to open up the entire Ilashe Island shoreline to proper cleanup.

Mr Odumboni urged residents and beach users to come together and make a difference by leaving an enduring legacy of a people-friendly environment for improved living and economic prosperity.

“The idea of the World Clean-up Day came up in 2018 when nearly two million volunteers, across individuals, corporate bodies, NGOs and government organizations, came together for massive clean-up activities in major cities across the world.

“We are setting the pace here in Ilashe Island of Lagos for our country. So, I enjoin all residents to sustain this effort.

“LAWMA is not leaving any stone unturned in our determined effort to rid Lagos State of all forms of solid waste.

“Our Marine Unit is effectively evacuating marine debris around the Lagos waterways and we will continue to increase the scope of our activities,” Mr Odumboni said.

Also speaking, the President of the Association of Waste Managers of Nigeria (AWAN), Mr David Oriyomi, noted that it was important to educate residents of the aquatic environment on the effects of dumping rubbish into the water.

Mr Oriyomi said that the fishes feed on that rubbish while human beings fed on the fishes which was very dangerous to human health.

In his remark, the Chairman of Lagos Recyclers Association, Mr Femi Idowu, noted that what people see as trash, was actually money, suggesting that people should see the economic value in waste materials.

The programme was attended by Special Adviser to the Governor on Tourism, Mr Solomon Bonu, General Manager of Lagos State Waterways Authority (LASWA), Mr Oluwadamilola Emmanuel, Executive Secretary of FIBRA, Ms Arase Aghareva, among others.

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SERAP Urges NASS to Reject Buhari’s Fresh Loan Request

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Fresh Loan Request

By Adedapo Adesanya

The Socio-Economic Rights and Accountability Project (SERAP) has urged the National Assembly to reject the fresh loan request of President Muhammadu Buhari.

Last week, at the resumption of plenary on the Senate after a break, Mr Ahmad Lawan, the Senate President, read a letter from Mr Buhari requesting to borrow $4 billion and €710 million.

But in a letter, SERAP said both chambers, the Senate and House of Representatives, should not grant this request until the publication of details of spending of all loans obtained since the Buhari-led administration took office on May 29, 2015.

In the open letter signed by SERAP deputy director, Mr Kolawole Oluwadare, the group expressed “concerns about the growing debt crisis, the lack of transparency and accountability in the spending of loans that have been obtained, and the perceived unwillingness or inability of the National Assembly to vigorously exercise its constitutional duties to check the apparently indiscriminate borrowing by the government.”

SERAP said: “The National Assembly should not allow the government to accumulate unsustainable levels of debt, and use the country’s scarce resources for staggering and crippling debt service payments rather than for improved access of poor and vulnerable Nigerians to basic public services and human rights.”

According to SERAP, “Accumulation of excessive debts and unsustainable debt-servicing are inconsistent with the government’s international obligations to use the country’s maximum available resources to progressively achieve the realisation of economic and social rights, and access of Nigerians to basic public services.”

The letter read in part: “The country’s public debt has mushroomed with no end in sight. The growing national debt is clearly not sustainable. There has been no serious attempt by the government to cut the cost of governance. The leadership of the National Assembly ought to stand up for Nigerians by asserting the body’s constitutional powers to ensure limits on national debt and deficits.

“SERAP urges you to urgently propose a resolution and push for a constitutional amendment on debt limit, with the intent of reducing national debt and deficits. This recommendation is entirely consistent with the constitutional oversight functions and spending powers of the National Assembly, and the country’s international anti-corruption and human rights obligations.

“Indiscriminate borrowing has an effect on the full enjoyment of Nigerians’ economic and social rights. Spending a large portion of the country’s yearly budget to service debts has limited the ability of the government to ensure access of poor and vulnerable Nigerians to minimal health care, education, clean water, and other human needs.

“Should the National Assembly and its leadership fail to rein in government borrowing, and to ensure transparency and accountability in the spending of public loans, SERAP would consider appropriate legal action to compel the National Assembly to discharge its constitutional duties.

“The National Assembly under your leadership has a constitutional responsibility to urgently address the country’s debt crisis, which is exacerbated by overspending on lavish allowances for high-ranking public officials, lack of transparency and accountability, as well as the absence of political will to recover trillions of naira reported to be missing or mismanaged by the Office of the Auditor-General of the Federation.

“The National Assembly should stop the government from borrowing behind the people’s backs. Lack of information about details of specific projects on which loans are spent, and on loan conditions creates incentives for corruption, and limits citizens’ ability to scrutinise the legality and consistency of loans with the Nigerian Constitution of 1999 (as amended), as well as to hold authorities to account.

“SERAP notes that if approved, the country’s debts will exceed N35 trillion. The government is also reportedly pushing the maturity of currently-secured loans to between 10 and 30 years. N11.679 trillion is reportedly committed into debt servicing, while only N8.31 trillion was expended on capital/development expenditure between 2015 and 2020.

“Ensuring transparency and accountability in the spending of loans by the government and cutting the cost of governance would address the onerous debt servicing, and improve the ability of the government to meet the country’s international obligations to use maximum available resources to ensure the enjoyment of basic economic and social rights, such as quality healthcare and education.”

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