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Green Economy: Employment records hit 12,500 in three years of Lagos Recycle Initiative



By Moses Adeniyi

No less than 12,500 persons have been employed within the value chain of waste recycling in Lagos within the space of three years, the State Government has disclosed.

The three years period under review was September 2019 and September 2022 when the Lagos Recycle Initiative (LRI) was officially launched.

At the event by the Lagos State Waste Management Authority (LAWMA) to commemorate three years of Lagos Recycle Initiative (LRI), the Managing Director, LAWMA, Ibrahim Odumboni, made the disclosure, mentioning that the State has grown from the three official recyclers who formed the pioneering stakeholders as at September 5, 2019, to 157 registered recyclers in Lagos.

“What have we done since then? There were three official recyclers then (2019), but now we have over 157 registered recyclers in three years. We’ve also created job opportunities for over 12,500 persons in the last three years.

“We’ve also formalised recycling in such a way that we are now doing it with a lot of swagger.

“The values of recyclables have gone up from N15 on that day, (and) now, that same product is worth N150 – N170, not because of inflation, but because of understanding the value chain and the need for us to grow it,” Odumboni said.

He mentioned that by May 29, 2023, that the value would have appreciated to about N250 by projections, calling on Lagosians to optimise the benefit.

The LAWMA boss said efforts by investors have recorded daily processing of 4.5million plastic bottles out of Lagos and a corresponding recycled 4.5miilion bottles daily to manufacturers.

He said with engagement with stakeholders about 170 recycling centres would be established in the State before the end of 2023, warning all producers who have not joined the clean-up of plastic pollution in the State to act responsibly by keying into platforms created for same.

Other efforts the LAWMA boss mentioned were put in place within the three year period include: the introduction of the system to school curriculum with waste to wealth teachings; partnership with public and private stakeholders, among others.

Applauding the Governor Sanwo-Olu led Administration on the interest in recycling, he said the interest wasn’t for money but for sustainable environment.

He called on Lagosians to join the vision, stating that it was important for all to embrace the waste sorting system to operationalise and optimise the benefits of Waste to Wealth initiative.

The President, Lagos Recyclers Association (LAGRA),  Dr. Femi Adegoke, said the initiative as a fundamental development drive for waste to wealth has grown since 2019.

He said in line with the vision of zero tolerance for waste to protect the ecosystem, the initiative in three years has involved critical engagement, which has encouraged inclusion and expansion of waste to wealth value chain in Lagos.

According to him, the initiative has  created empowerment opportunities while attracting international attention for investment in the State.

He enjoined all to join the zero waste campaign to minimise waste menace through recycling system “for an efficient and sustainable circular economy.”

Speaking, the Managing Director,  Polysmart Packaging Limited, Mr. Wasiu Balogun, said it was important for Lagosians to optimise the deliverables of the value chain.

He said it was important to monetise the waste to wealth value chain to solve poverty, stating that Lagos lose about N8 – N10billion annually for only pet bottles.

Speaking, the Director Public Affairs, Communication and Sustainability, Coca-Cola, Nigeria, Nwamaka Onyemelukwe, said the recycling system works on collective responsibilities.

She said the campaign must be well driven across societal institutions, including schools for sustainable environment and wealth creation.

She called on all stakeholder to work with the Government to achieve the  green economy initiative.

The LRI involves the collection of recyclables from the point of generation with Community Recycling/drop off centers at different Local Government Areas/LCDAs with recyclers and aggregators assigned for collection of these recyclables.

The LRI harmonises all recycling programmes of LAWMA and bring together all key players in the production, utilisation, collection, buy-back and recycling of materials in Lagos State using the PAKAM APP.

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Fidelity Bank MD commends Air Peace London service



The Managing Director, Fidelity Bank Plc, Dr Nneka Onyeali-Ikpe, has commended Air Peace for its Lagos to London operations.

Onyeali-Ikpe gave the commendation in a statement signed by the airline’s Corporate Communications lead, Mr Stanley Olisa, on Monday in Lagos.

She commended the airline’s giant strides and financial discipline which it has upheld since inception.

She said, “Air Peace has been very loyal to us. We are grateful to have them as our client.

“We are celebrating their milestone of launching direct flight service to London and other milestones they will achieve,” Onyeali-Ikpe said.

The Chairman, Air Peace, Dr Allen Onyema, who said it was not easy to attain the current status, expressed unreserved gratitude to the flying publics, aviation stakeholders, media and government for the support shown so far.

He acknowledged the role played by former Director-General, Nigerian Civil Aviation Authority, Ben Adeyileka, in helping the airline secure its Airline Operator Certificate (AOC).

The Air Peace boss thanked Fidelity Bank for the consistent support and stressed that the bank had contributed to the success story of the airline.

Onyema said Air Peace was committed to its Corporate Service Responsibility (CSR), to empower Nigerians economically by creating employment and not to profiteer.

He highlighted how the airline never fails to engage in humanitarian interventions for Nigerians, especially the numerous evacuation flights at critical times,

“Air Peace was not borne out of the intent to profiteer but to create jobs.

“Air Peace was not established because I wanted more money but because of the conviction that running an airline would create massive job opportunities. That was why we went into aviation.”

Appreciating the bank for its support, Onyema said, “I call it our journey with Fidelity Bank. I did not envisage this day would come when an indigenous institution would be celebrating another indigenous institution.

“Fidelity supports real business. They keep removing people from the streets of poverty. Let other banks emulate Fidelity,” he added.

Onyema, therefore, called for the continued support of Nigerians to sustain the newly launched London service, adding that passengers can fly to London from any domestic airport.

“For every penny you pay to Air Peace, you pay to sustain the jobs of thousands of Nigerians and support economic growth.

“Air Peace flies you from any of our domestic routes to London. So, you can fly from Yola to London via Lagos.

“From the local airport, you are taken to the international airport free of charge with a seamless luggage transfer,” Onyema affirmed.

The Air Peace boss also said that the airline would continue to fully adhere to safety standards, while lauding the management and staff for the efforts in realising the London dream.

He advised Nigerians to shun ethnic nationalism, stating that Air Peace is not an Igbo airline but a Nigerian airline belonging to over two hundred million people.

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Tingo Group unveils Tingo Electric, Tingo Cola drink at Lagos launch



In a thrilling exclusive event on the 16th of April, 2024 at the Tingo place, Victoria Island, the Tingo Group launched its new products, Tingo Cola and Tingo Electric drinks. Present at the event was His Imperial Majesty, Ooni Adeyeye Enitan Ogunwuyi, Ojaja II, Ooni of Ife who was the official host and was accomplished by his wives, Traditional Chiefs, Senior government officials and media executives.

In his welcome speech, the Ooni who is also the Chairman of Tingo BV beamed with joy as expressed that the success of the product is a dream come true as he has always wanted to be a part of a team that will design, conceptualise and produce a drink that will bring pride to Nigeria and Africa and these products are on the right path to going global.

He also noted that the ingredients used in manufacturing the drinks were about 80-85 percent home sourced and efforts were made by the Tingo Group to ensure that it meets International standard. Ooni stated that he has taken up the responsibility of ensuring that the beverage is a success as he is the brand’s “number one ambassador.”

Founder of Tingo Foods, Dozi Mmobuosi, said the company has been existing for 23 years and Tingo Electric and Tingo Cola represent not only a “triumph in innovation but also a celebration of Nigerian ingenuity,” while also adding that “the team was proud to showcase these exceptional beverages to the world and are deeply grateful for the support of his Imperial Majesty, Ooni Adeyeye Enitan Ogunwuyi, Ojaja II, Ooni of Ife and all esteemed guests.”

The Ooni towards the end of the event requested everyone to have a taste of the beverages and the feedback was positive. Dr Reuben Abati stated that he felt electrified after taking the Tingo electric and casually joked that he is hoping that there will be many Tingo babies in the coming nine months.

The Executive Governor of Nasarawa State, His Excellency  Abdullahi Sule, ably represented by the Attorney General of the State, Barrister Shuaibu Labaran Magaji said he is proud to be a part of the product launch and to show his support. He promised to buy and way bill a large number of the product to Abuja and Lafia on the spot and that the product was launched at the right time as the second edition of the Nasarawa Investment Summit is at hand. He asked the Ooni for his presence at the summit  and the Tingo Group for collaboration.

On a personal note, the Tingo Cola didn’t have excessive gas and the Tingo Electric drink was mild in the mouth but gave a sensational feeling, both of which were excellent.

The Tingo BV Plc expressed profound gratitude after the feedback and assured the introduction of a variety of new flavours which include Tingo Electra energy drink, Tingo twist, Tingo booze, Ojaja bitters and Ojaja herbal drink.

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Nigeria to raise $30bn from inaugural forex bond



Nigeria targets up to $30 billion from its inaugural foreign currency-denominated bond issuance planned for June, 2024.

Patience Oniha, Director-General of the Debt Management Office, disclosed this recently in an interview with newsmen.

Accordingly, the government authority said the sovereign domestic foreign currency issuance aligns with moves to attract more forex inflows to stabilise the naira, which had suffered immensely from dollar shortages.

“It’s when we appoint the advisers that we can probably do a projection.
Oniha said: “But the assumption is that many Nigerians hold dollars in their domiciliary accounts, and not just individuals but institutions including banks and Nigerians in the diaspora as well.

“So it’s a way of bringing dollar liquidity into the system; the federal government of Nigeria (FGN) will get needed dollar liquidity. The target investors are individual Nigerians and institutions, and if Nigerians in the diaspora want to invest, they can also.”

The development comes as the Minister of Finance and Coordinating Minister for the economy, Wale Edun, recently announced that a debut forex bond is planned for the second quarter of 2024 and will be a short to medium-term instrument.

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