Connect with us

Economy

LASG sets to tackle challenges in Lekki Free Zone

Published

on

Sanwo-Olu Urges Use of Innovative Technologies in Solving Challenges

A one-day stakeholders’ meeting meant to tackle various environmental, ecological and social challenges along the Lekki Free Zone corridor is to be held by the Lagos State government.

This was made known by the Managing Director, Global Impact Environmental Consulting Ltd. Dr. Babatunde Osho, in a statement issued in Lagos on Tuesday.

The  Lekki Free Zone, created in 2006, as a modern free zone and managed in accordance with international best practices, is now a major hub of industrial activities.

Currently, the Lekki Free Zone, located on 16,500 hectares of land is divided into four quadrants and managed by various operators, benefiting from Lagos State’s position as the premier distribution hub in West Africa.

The zone boasts of both local and foreign investments running into billions of dollars, amongst which are the largest oil refinery in Africa and a fertiliser plant.

Others are, the petrochemical plant, a sub-sea gas pipeline project under construction and the largest deep-sea port in West Africa, primed to open up access for export to West Africa and beyond.

Osho, in a statement, said with all these huge investments, various environmental, ecological and social challenges required urgent attention.

“To tackle various environmental, ecological and social challenges along the Lekki Free Zone corridor, the Lagos State Government is carrying out a critical assessment of the existing situation along the zone.

“To address these challenges, there is need for the state government and indeed all relevant stakeholders to implement appropriate environmental and social safeguard instruments.

“The Lagos State Government through the Office of Public-Private Partnerships is carrying out the assessment with a view to developing high-level safeguards updates for the Lekki Free Zone,’’ he stated.

Osho revealed that Global Impact Environmental Consulting Ltd. had been engaged by the Office of Public-Private Partnerships to develop appropriate environmental and social safeguard instruments.

He said the firm would conduct Strategic Environmental and Social Assessment (SESA); develop a holistic Land Acquisition and Resettlement Policy Framework as well as an efficient and Fit-For-Purpose Environmental and Social Management framework.

He said the firm would also conduct robust air and groundwater quality modelling for the area as well as develop Biodiversity Management Action Plan.

Osho averred that consequently, a stakeholders’ meeting on the project had been slated to hold this Wednesday.

He said the meeting was to inform critical stakeholders of the imminent commencement of the assessment with a view to developing the necessary instruments.

Osho said that this was to mitigate any environmental, ecological and social challenges that might be thrown up in the nearest future.

 

 

Economy

Sanitary Pads: Reps Query Minister Over N65m Spent On New Year Party, Others

Published

on

 The Minister of Women Affairs, Mrs Uju Kennedy-Ohaneye has drawn the ire of the House of Representatives following the unguarded manner she allegedly spent monies which included expenditures of N45 million for a New Year party and, N20 million for sanitary pads.

The House of Representatives which has now queried the minister, also frowned on her other unrelated expenditure which includes N1.5 million for vehicle fuel.

Rep. Kafilat Ogbara, Chairman, House Committee on Women Affairs, led the interrogation of the Minister, over the non-payment of N1.5 billion to contractors despite the fund release in Abuja.

She said that the investigative hearing was aimed at uncovering the truth and not witch-hunting the Minister and the officials of the ministry.

The committee also investigated the alleged diversion of funds meant for contractor payments, following a petition from contractors.

The committee also sought clarification on funds appropriated for the African First Lady’s mission and the whereabouts of the N1.5 billion meant for contractor payments.

The minister however denied the allegations of misappropriation, overspending, and non-payment to contractors.

The procurement officer confirmed contractors’ claims, and the Director of Finance and Administration acknowledged only paying approved contracts.

It would be recalled that the committee had at its last sitting summoned the minister to appear before it to explain the rationale behind the non-payment.

The committee also ordered the stoppage of all 2024 contract processes by the Ministry of Women’s Affairs until the whereabouts of the money for the said contracts are determined

Continue Reading

Economy

LASU: Town, Meets Gown Next Tuesday, To Make Rails Transportation More Meaningful

Published

on

LASU: Town, Meets Gown Next Tuesday, To Make Rails Transportation More Meaning

…NRC Boss, Engr. Okhiria is Pointman

The Town and the Gown will on Tuesday converge at the Lagos State University (LASU), in a mutual fusion of quality and sustainable ideas, as the Managing Director, Nigeria Railways Corporation speaks on where the eggheads necessarily need to intervene, for the overall benefit of the nation.

NRC Boosts Passenger- Safety With  Strong Armed Forces Collaboration 
Engr. Fidet-Okhiria

Prof. Bamidele Badejo who is now back in LASU, confirmed this to the Maritime First, highlighting that Engr. Freeborn Okhiria would meticulously dissect a critical issue, titled: ‘From Exclusive Clause To Concurrent List: Potency for sustainable rail infrastructure development in Nigeria and the Lagos State example.

Oluwaseun Osiyemi, the Lagos State Commissioner of Transport, will be in attendance; at an event which will flag off by noon prompt, Tuesday 16th, July 2024, at the Femi Gbajabiamila Conference Centre.

Continue Reading

Economy

Reps Probe Cbn’s N1.12trn Anchor Borrowers Scheme, NIRSAL’s N215b Loan

Published

on

Reps Probe Cbn’s N1.12trn Anchor Borrowers Scheme, NIRSAL’s N215b Loan

The House of Representatives has ordered probes into the N1.12 trillion anchor borrowers scheme, an initiative of the Federal Government’s interventions and agricultural funding through the Central Bank of Nigeria (CBN).

Also included in the probe are the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), the Bank of Industry (BoI) and other agencies.

The resolution followed the adoption of a motion by Rep. Chike Okafor (APC-Imo) on the floor of the House in Abuja on Tuesday.

Presenting his motion, Okafor linked the growing food scarcity and malnutrition in Nigeria to the alleged mismanagement of agricultural funds intended for agricultural development in the country.

He said the Federal Government had expended N8 trillion in 8 years on various schemes and interventions in the last eight years with the view of making food available for millions of Nigerians.

He added that the alleged mismanagement, misapplication of funds and abuse of the programmes had left Nigeria with the twin challenges of food scarcity and malnutrition.

Okafor said that funds advanced to end users of the various Federal Government interventions had also been allegedly misused, misapplied and channelled to non-farming and non-agricultural purposes.

This, he said, was responsible for the current acute scarcity of food in the country.

Adopting the motion, the House mandated the Committee on Nutrition and Food Security as well as the Committee on Agricultural Production and Services; Agricultural Colleges and Institutions and Finance, to probe

The Committees were mandated to thoroughly investigate CBN’s alleged mismanagement of the Anchor Borrowers Program (ABP) for which ₦1.12 trillion was to be disbursed to 4.67 million farmers.

The farmers were said to be involved in either maize, rice or wheat farming through 563 anchors.

The committees are to look into NIRSAL’s disbursement of ₦215,066,980,274.52, to facilitate agriculture and agribusinesses.

The House gave the committees four weeks to report back to the House.

The house also mandated the committees to equally assess how the Bank of Industry (BOI) disbursed N3 billion to 22,120 smallholder farmers through the Agriculture Value Chain Financing (AVCF) Programme.

The committee is also to investigate the handling of the N5 billion loan facility to the Bank of Agriculture (BOA) for livestock farmers across the country.

This will include the management of the National Agricultural Development N1.6 billion Recovery Fund for the Ginger Blight Epidemics Central Taskforce (GBECT).

This is for the control of Blight disease in Ginger, among other interventions. 

Continue Reading
ADEBAYO SARUMI: Doyen of Maritime Industry Marks 80th Anniversary, Saturday 

Editor’s Pick

Politics