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TRAVEL

Lagos govt restricts movement on Saturday for LG poll

By on

July 23, 2021

- TRAVEL

The Lagos State Government has announced restriction of movement across the state between 8.00 a.m. and 3.00 p.m. on Saturday, July 24, ahead of the local government elections.

 

The Commissioner for Information and Strategy, Mr Gbenga Omotoso who made the announcement in a statement on Thursday in Lagos said the restriction was to enable the Lagos State Independent Electoral Commission (LASIEC) conduct hitch-free elections into the positions of chairmen and councillors in the 20 local governments areas and 37 Local Council Development Areas of the state.

 

He said the restriction would facilitate ease of movement of the electorates, election materials and LASIEC officials for the sanctity of the election.

 

According to him, the restriction will facilitate effective monitoring and enhanced security during the election.

 

”All eligible voters are urged to participate in the election, which requires cooperation of all residents,” he said.

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Government

Lagos govt plans to unveil an Affordable Housing Development Trust Fund

By on

July 23, 2021

- Government

Lagos State Government on Thursday, announced plans to unveil an Affordable Housing Development Trust Fund to bridge housing gap in the state.

 

Mr Moruf Akinderu-Fatai, Commissioner for Housing said in Lagos while inspecting ongoing housing projects that the fund, being established in collaboration with Arctic Infrastructures, a Non-Governmental Organisation, was a financial product intended to support property developers and home owners.

 

“The fund will reduce the challenge of financing housing development and empower people, particularly the low and medium income earners to access housing without undue financial stress.

 

 “When you talk of construction, the development partners are people in business and people who are going to live in these houses,” he said.

 

He explained that it was not easy to raise funds, hence the state government would collaborate with international partners to deliver homes at low rates.

 

“We are also looking at how to get mortgages below 10 per cent as well as how people who want funds can access it below 10 per cent.

 

“Presently it is about 22 per cent and that is not really good in terms of shelter delivery,” the commissioner said.

 

Akinderu-Fatai said the housing challenge in the state was complex due to uncontrollable influx of people from all over the nation.

 

He said the government was taking proactive steps to meet the demands resulting from the population upsurge to bridge the housing gap.

 

He said the trust fund was the state’s response to solve its peculiar housing challenges.

 

“The ongoing 660 units in Odo-Onosa/Ayandelu, Agbowa Ikosi Local Council Development Area is almost completed and will be delivered within the next one month,” he said.

 

Akinderu-Fatai further said apart from the ‘Rent to Own’ scheme, which offered an opportunity for repayment over a 120-month period, the government was also opening up hinterlands and developing infrastructure for accessibility.

 

He, however, said land grabbers and issues of litigation were slowing down the commencement of the construction of two proposed workers’ villages.

 

He said the government planned to build 500 units of two and three bedrooms in Ayobo, Imota and Ikorodu areas of the state.

 

According to him, the construction of the two workers’s villages is part of the plan to transform the state into a 21st century economy comparable to other cities in the world.

 

He listed various ongoing schemes at different completion stages as part of government’s efforts to ensure timely delivery of affordable mass housing for residents while giving investors the enabling environment to thrive.

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SME

Lagos government invests N103b to boost MSMEs

By on

July 14, 2021

- SME

The Lagos State Government has invested N103 billon into the provision of infrastructure to provide downstream contracts for Micro, Small and Medium Enterprises (MSMEs), Gov Babajide Sanwo-Olu said on Tuesday.

 

The governor made the disclosure during the 6th Edition of the Lagos State MSMEs Exclusive Fair held in Ikeja.

 

The Fair had the theme: ”Effect of COVID-19: Charting the Way Forward for MSMEs”.

 

Represented by the Secretary to the State Government (SSG), Mrs Folashade Jaji, Sanwo-Olu said that the state government was passionately committed to the growth of small businesses.

 

He said that the state government recognised the role of the MSMEs in economic emancipation and their pivotal spot in the social and economic development of the state.

 

According to him, everyone has the collective responsibility of ensuring that MSMEs successfully overcame the economic and growth challenges posed by the COVID-19 pandemic.

 

”In the last two years, we have committed significant resources to the sustainability of the MSMEs, but the pandemic has further exposed the need for the public and private sector to meticulously develop the capacity of our MSMEs for growth and profitability.

”It is, therefore, a major reason why small businesses can always count on the Lagos State Government to provide the necessary backing for trade promotion and business development.

 

”We extended the tax-filing deadline by 60 days and loan moratorium by 90 days to ease MSMEs’ working capital challenges.

 

”In addition, through the Lagos State Employment Trust Fund, we have provided low interest loans to MSMEs to the tune of N10 billion.

 

”Our investment in MSMEs reflects our goal of making sure that small businesses are technically and financially empowered to generate lasting wealth,” he said.

 

The governor said that in the last one year, his administration had put in place significant interventions to boost the trade capacity of MSMEs in the state.

 

According to him, the goal is to ensure that small businesses in Lagos overcome the challenges of the economic crisis associated with the pandemic, as well as the destruction and looting that followed the EndSARS protest.

 

He said that government was collaborating with the Central Bank of Nigeria (CBN) to resolve the problem of access to finance by MSMEs.

 

Sanwo-Olu said that in line with this, the CBN had established the N220 billion Micro and Medium Enterprises Development Fund (MSMEDF), among other schemes.

 

He called on all relevant stakeholders to collaborate and innovatively chart a new trajectory for economic diversification, growth and sustainability of MSMEs.

 

”As a proactive government, I assure you that we shall not relent in institutionalising policies that will enable the sustainability of MSMEs,” the governor said.

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ICT

NCC faults report that Nigeria records 3 million new lines in Q1 2021

By on

July 8, 2021

- ICT

The Nigerian Communications Commission (NCC) on Thursday faulted the report that Nigeria records 3 million new lines in Q1 2021, despite ban on SIM card sale in the country.


According to a statement signed by Dr. Ikechukwu Adinde, Director, Public Affairs, “the attention of the Nigerian Communications Commission (NCC) has been drawn to an online media report alleging that mobile telephony subscriptions in Nigeria somehow grew by 3,000,000 new subscribers in the first quarter of 2021, despite the suspension on the registration of new subscribers which took effect from December 9, 2020 and was only lifted in May, 2021.”


“The Ericsson Mobility Report cited in the online publication is essentially a forecast of trends based on Ericsson’s analysis and does not refer to the NCC or any official channel as source for its data and/or projections.”


“It is therefore inaccurate that Nigeria recorded 3million new lines in the 1st Quarter of 2021 as stated in the media report.”


“We wish to use this opportunity to clarify that the Nigerian Communications Commission and the National Bureau of Statistics (NBS) are the only authoritative sources of authentic data on the Nigerian telecommunications sector. Indeed, the Commission is well aware of the critical need to make accurate and up-to-date data available to all Stakeholders.”


“Indeed, as a matter of corporate policy and consistent with international best practice, relevant data and statistics on the industry are transparently reported and regularly updated on the Commission’s website (< https://www.ncc.gov.ng/statistics-reports/industry-overview >) for free use by interested Stakeholders.”


“The Commission encourages all Stakeholders to visit its website for authentic data on the sector and to refer all doubts to its Public Affairs Department to avoid unnecessary controversy and/or inadvertently misleading other Stakeholders who may rely on such reports.”


“The Commission also urges Stakeholders to disregard any information on subscriber data different from those presented in the Commission’s website.”
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ICT

Nigeria: MTN leads market share with 39.66% – NCC

By on

June 30, 2021

- ICT

Recent data on the Nigerian Communications Commission website shows that MTN maintains leadership by market share in the telecoms sector with 39.66%; they are followed by Airtel, Globacom and 9Mobile respectively.

 

In the just-released Subscriber/operator data, the Commission disclosed that MTN controls 74,044,687, representing 39.66 percent, while Airtel and Globacom control, 50,026,788 and 49,781,215, representing 26.80 percent and 26.66 per cent respectively. The Commission added that 9Mobile controls 12,842,775, representing 6.88 percent.

 

Recall that, consistent with Section 89 Subsection 3(d) of the Nigerian Communications Act 2003 (NCA 2003), the Commission is mandated to monitor and report on the state of the Nigerian telecommunications industry, provide statistical analyses and identify industry trends with regard to services, tariffs, operators, technology, subscribers, issues of competition and dominance, etc. with a view to identifying areas where regulatory intervention would be needed.

 

From available data on the website, the sector enjoyed increased contribution to the country’s GDP recording 12.45% in the 4th quarter of 2020.

 

The broadband subscriptions in Nigeria at May 2021 stand at 75,569,442 representing 39.59% penetration.

 

The number of active subscribers for data (internet) services on each of the licensed service providers utilizing the different technologies, i.e. GSM and CDMA as at May 2021 was 140,488,490 with Mobile (GSM) accounting for 140,132,128.

 

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