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Nigerian gov’t must follow after German’s steps for economic dev’t – Braithwaite

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The Lagos Governorship candidate of the National Rescue Movement (NRM) Akinwunmi Braithwaite has said that to build an amiable environment for business to thrive in Nigeria, the Government must follow after the approach of its German counterpart.

Braithwaite who spoke in Lagos on the platform of a training organised for business members and friends of Junior Chambers International (JCI), Lagos Metropolitan chapter, canvassed for the German model where Government invests in business and ideas to help entrepreneurs, innovators and founders cushion the pressure of building from scratch.

“Today Germany is a leading export economy, only second to China,” he said, identifying loss of values and systemic inefficiencies as the reason for underperformance in governance.

He highlighted the opportunities in Lagos economy and the emerging posibilities as technology takes centre stage, stating that there is no reason Lagos should not be number one economy in Africa, given its rich human and economic resources.

The training which had budding founders and entrepreneurs across Lagos State in attendance was organised as part of his enterprise engineering initiatives.

The cloud computing expert emphasized the need for founders and entrepreneurs to embrace and evolve as technology advances and impacts lives more drastically than imagined.

Citing the example of Nokia, a global mobile phone giant which started out a timber business, he stated that SMEs should be agile and forward looking.

Responding to questions, he recommended Angel investors, Venture capitalists and Incubators that founders can leverage as they consolidate their business ventures.

In attendance were business stakeholder who shared their concerns about capacity and funding.

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EEDC assures customers of fairness, transparency in electricity band classification

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Dr Ernest Mupwaya, Deputy Managing Director, Enugu Electricity Distribution Company (EEDC), has assured its customers of fairness and transparency in electricity bands classification.

Mupwaya gave the assurance on Friday in Enugu at the ongoing three-day Customer Complaints Resolution Meeting organised by NERC for electricity consumers, customers and stakeholders in the South-East.

The Nigerian Electricity Regulatory Commission (NERC) recently classified electricity consumers into various bands.

The classification starts from Band-A (a minimum of 20 hours supply per day) to Band-E (a minimum of four hours supply per day).

The EEDC boss said that the company was strictly following laid-down NERC regulation on the bands classification.

“The EEDC has never intended to collect any unjustified money from its esteemed and valued customers within the South-East, its franchise area,” he said.

According to Mupwaya, all customers within the 44 feeders classified as Band-A feeders in EEDC network, meant to have at least 20 hours electricity supply per day, will be treated fairly and transparently.

He said that this was to ensure that they got value for money and they are not overcharged.

The deputy managing director revealed that plans are underway to provide prepaid meters to about 12,381 unmetered Band-A feeder customers in its network within the next three months unfailingly on no-cost basis.

“It will be free-of-charge or they will initially pay for it and later be refunded through pay-back electricity unit credit given to them over some months,” he said.

Mupwaya said that the company had constituted technical Quick Response Teams to attend to local technical issues of all Band-A feeders and customers.

He said that within minutes of calls, both on weekends and during holiday seasons, electrical faults of Band-A customers are resolved without waste of time.

“For those Band-A feeders receiving less than 20 hours per day for two consecutive days; we will send a text message to the customers directly,  explaining the challenges to them.

“For customers on Band-A not receiving 20 hours constant electricity supply for seven days; the feeder and customers concerned will be demoted from Band-A to a lower band.

“We are daily monitoring the situation and on our own as a responsible company, we will ensure no customer is shortchanged or overcharged,” he said.

The deputy managing director also assured all customers in EEDC network that very soon the quality of supply would improve tremendously as the authorities and other electricity industry players are working to ensure improved and more steady supply.

He made it clear that EEDC totally gave out all supply received to its network through the national grid.

He emphasised that the recent shortfall in supply was never the fault of the company and not as a result of local technical challenge within its franchise area.

“Before the recent fall in supply and recent band classification by NERC, you customers can agree with me that some customers do enjoy over 20 hours steady supply and beyond.

“By the grace of God we will return to that era once more soon,” he said.

Speaking, the Commissioner, Consumer Affairs, NERC, Mrs Aisha Mahmod, said that the commission organised the meeting to educate and sensitise electricity consumers on their rights, privileges and obligations.

“NERC, as a regulator, will ensure no electricity consumer or customer is shortchanged.

“Rather, it has provided mechanisms for disagreement and conflict resolution in the electricity industry by ensuring parties abide by laid-down laws and regulations,” Mahmoud said.

She said that the new band classification and tariff was meant to reflect the economic realities of the day.

“NERC is here for three days to listen and proffer practical solutions to your electricity challenges and complaints, which will be practically resolved here,” she said.

The meeting is being attended by hundreds of electricity consumers within the South-East, which include Abia, Anambra, Ebonyi, Enugu and Imo States.

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Court discharges, acquits ex-AGF Adoke of money laundering

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An Abuja Federal High Court has discharged and acquitted a former Attorney-General of the Federation, AGF, Mohammed Bello Adoke, of money laundering charges.

Justice Inyang Ekwo of the Federal High Court, Abuja, upheld Adoke’s “no case” submission against the money laundering charges against him.

In 2017, the Economic and Financial Crimes Commission, EFCC, had dragged Adoke and Abubakar Aliyu, a property developer, to court for allegedly laundering about N300 million.

While the EFCC admitted before Ekwo that it was a mortgage that Adoke took from Unity Bank, it alleged before Justice Kutigi that the money was a bribe from the sale of the oil block by Malabu Oil & Gas Ltd in 2011.

On March 28, 2024, Kutigi pointed out the contradiction while dismissing the charges against Adoke and other defendants, chiding the EFCC for wasting the court’s time for four years.

But on Friday, Justice Ekwo said the EFCC did not provide any evidence to prove the essential elements of the offence against Adoke, who was listed as the first defendant.

Ekwo upheld the no-case submission while discharging and acquitting him of the charges.

The judge, however, ruled that Aliyu, the second defendant, has to open his defence because he has a case to answer.

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G7 warns Israel, Iran against escalation, reaffirms Ukraine help

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The Group of Seven (G7) has strongly condemned Iran for its attacks on Israel but also called on both parties to de-escalate amid reports of Israeli retaliation.

A meeting of foreign ministers from the group of industrialised democracies has been under way on the Italian island of Capri since Wednesday.

A communique to mark the end of the meeting said: “In light of reports of strikes on April 19, we urge all parties to work to prevent further escalation.”

The G7 will continue to work to this end.

“We call on all parties, both in the region and beyond, to offer their positive contribution to this collective effort.”

The G7 also maintained steadfast support for Ukraine over two years after Russia’s invasion.

A separate statement said: “we reaffirm our unwavering determination to support democratic Ukraine as it defends its freedom, sovereignty and independence.

“We pay tribute to the bravery and resilience of the Ukrainian people, fighting for their freedom and democratic future.”

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