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N20bn Lost Annually to Poor Infrastructure –MAN

The Manufacturers Association of Nigeria (MAN) Apapa Branch, has decried the loss of over N20 billion annually as a result of dilapidated infrastructure within Amowu Odofin and kirikiri industrial zones.

Speaking at the 10th business luncheon in Lagos yesterday, the branch Chairman, Frank Ike Onyebu, represented by the vice Chairman, Raphael Damilola, said the activities of trucks and trailers drivers/owners in Apapa axis has crippled economic activities of manufacturers and industrialists.

Onyebu added that, though Nigeria has signed the AFCFTA, it was not yet uhuru for the country because Nigeria still suffers infrastructural and systemic problems that places it in a disadvantage position.

According to him, poor power supply, multiple taxation, security challenges harsh economic weather remains albatross to Nigeria’s economic growth and development.

“A recent research carried out by Center for Trade and Development Initiative, University of Ibadan, stated that; a three -phase liberalization tariff rates from five to zero per cent will likely generate a higher surge of imported manufactured goods to the tune of 159.5 per cent, to 251.4 per cent on the average over the 15- year period.

“Nigeria being one of the least of import penetration from African countries, makes us an export target for many African countries under AFCFTA. Thus; export is expected to surge in all manufacturing sectoral groups, by extension the 77-sub sectors in the third phase of the liberalization.”

Meanwhile, the Lagos State Governor, Babajide Sanwo-Olu, represented by the permanent secretary, Ministry of Commerce and Industry, Bola Balogun, said the state would do anything possible to improve the socio-economic environment through its holistic implementation of T.H.E.M.E.S development which lays emphasis on traffic and transportation, education health,  environment, and technology, to make Lagos a 21st century economy, entertainment and tourism center with security and good governance at heart.

Source: sunnewsonline

Jack Ma: Why I Flew 15 Hours Just to Visit Nigeria

Jack Ma, co-founder of Alibaba, Chinese e-commerce company, led a team of investors from his country to Nigeria on Thursday. 

Speaking when he met with Vice-President Yemi Osinbajo at the presidential villa in Abuja, Ma said the essence of the visit is to understand Africa more.

One of the richest men in Aisa said he had been looking forward to visiting the country.

“I think our team today realised our dreams meeting you. We flew 15 hours into Nigeria and we are excited. This trip is to try to understand Africa more. We came to Africa four years ago and our plan is to visit four, five countries in every trip,” Ma said.

“My personal target is to try and visit every country in Africa in 10 years and support Africa. Nigeria is a great country with a large population, very strong economy, excellent young people with excellent innovations. And this is a country.”

Ma also shares some concepts that he feels could assist a developing nation like Nigeria.

“We also want help through four Es in Africa. The first, E list is E-infrastructure – support internet connections to everybody. We hope that every young person, every small business should have access to the internet to do business anywhere, anytime,” he said.

“The second E is support entrepreneurs, this is very important. We think we can make entrepreneurs as the heros of African continent. In China is the entrepreneurs that promote business development, government support entrepreneurs.

“The third is E-government, if government is on E, it will be very efficient, transparent, people will know government can help and government will know what the people want. The last and very important E is education.

“In the next few days we are going to have the all the internet prize, everyone in Africa can apply for award. I am happy to know that four Nigerian entrepreneurs are among the top 10. We will have the final competition in two days and I think Nigeria entrepreneurs will have great result.

“This is just the beginning. Our jobs is to support entrepreneurs. Everyone in the delegation, we are all founders of our own businesses in China. We think what we have experienced in China can help Africa entrepreneurs develop, support e-infrastructure, e-governance, e-entrepreneurs and e-education and this is what we came here for.

“We will love to have advise and know government’s direction so that we can do a better job.”

Osinbajo thanked Ma for “acknowledging Nigeria’s role in Africa and the world”.

“By leading a team of investors to Nigeria, I hope you see as we do,  investment opportunities in Africa’s digital economy, infrastructure and her people,” Osinbajo said.

Source: Cableng

Alibaba Founder and Billionaire Jack Ma Arrives Nigeria

Vice President Yemi Osinbajo on Thursday received Jack Ma, the co-founder and former Executive Chairman of popular Chinese e-commerce firm Alibaba group.

Osinbajo at the meeting with the business mogul promised government support to Chinese businesses willing to invest in Nigeria.

Mr Jack Ma is leading a large delegation of Chinese investors to Nigeria.

 

Source: Businessdayng

Nigerians Send €17m Home From Ireland Annually – CSO

Nigerians in Ireland sends home €17 million annually, the statistics office in Ireland has said.

The Central Statistics Office (CSO) has said its figures on  from Ireland to Nigeria, which are significantly lower than those cited on Tuesday by Galway West TD Noel Grealish, are produced in line with best international practice.

Mr Grealish told the Dáil that a total of €3.54 billion had been sent from Ireland to Nigeria in remittances in the last eight years. However, CSO data shows remittances of around €17 million a year for the period 2010-2017.

In a statement released on Wednesday, the CSO said that while remittance information is “difficult to compile”, its figures are based on Revenue data on pay of non-national workers to estimate disposable income and derive a remittance amount.

“The approach of using indirect data sources is recognised as a standard approach in the IMF guide for compilers and users of international transactions in remittances,” it said.

CSO figures were released to Mr Grealish in response to a parliamentary question earlier this year, however, he cited the World Bank figures in his contribution on the issue in the Oireachtas.

The reliability of World Bank figures have been publicly questioned in the Dáil before, including by then minister for finance Michael Noonan, who said in 2013 that “available information would indicate that the figures published in the World Bank Migration and Remittances Factbook in respect of remittance flows between Ireland and Nigeria are open to serious scrutiny and that the real figure may be a fraction of the published figure”.

Source: blueprint

Chairman Senate Committee on Housing Pledges Commitment to Housing Sector Bills, Tasks Estate Developers On Affordable Housing

The chairman of Senate Committee on Housing, Senator Sam Egwu has restated the commitment of the National Assembly to enacting and amending bills necessary for Nigeria housing sector development.

The Senator and Former Governor of Ebonyi state made this known to Africa Housing News on Thursday in Abuja while speaking at the opening ceremony of the training on emerging trends in real estate development in Nigeria organised by the real estate developers association of Nigeria (REDAN).

He said that as legislators, the National Assembly is prepared to work with all stakeholders in the housing sector by providing the legislative support required to move the sector forward.

‘’The Senate Committee on Housing which I chair is ready to give priority to any bill that seeks to address the challenges of the housing sector so as to make suitable, adeo all Nigerians irrespective of social or economic status,’’ he said.

He also encouraged all stakeholders to recommend such bills to them for consideration.

While the government has the responsibility of providing the enabling environment for the housing sector to thrive, Sam Egwu said the private sector stakeholders have a very critical role to play to enhance citizens’ access to affordable housing irrespective of social and economic status.

To effectively play this very role, he said real estate developers ought to understand the emerging trends in real estate development globally and how to adapt such trends to suit the peculiar circumstances in Nigeria.

However, he bemoaned how the organized private sector seems to have catered only for the middle and upper classes with little or nothing to meet the housing needs of low income earners.

‘’I urge you to look in the direction of low income earners to reduce the current overwhelming housing deficit and provide affordable housing to majority of Nigerians at that level. You are encouraged to explore the advantages of using locally sourced building materials to develop cost effective houses that majority of the country’s low income earners can afford, as against the conventional very costly building materials that has made housing unaffordable to majority of Nigerians.’’

On the alarming rate of building collapse across the country, he said the issue calls for drastic measures by all stakeholders to ensure that buildings meet global standards to safeguard the lives of unsuspecting members of the public and protect investments in the housing sector.

He advised Nigerian real estate developers to always employ the services of professionals and ensure strict compliance to critical specifications at all levels of housing development to guarantee quality and durability of houses in Nigeria.

He also expressed his excitement about the training program and hopes that it will equip and reposition real estate developers in Nigeria to find sustainable solutions to housing development challenges and provide suitable and affordable housing for the increasing Nigerian population.

‘’Globally, the housing sector has evolved over the years following changes in the regulatory environment, scientific advancements, economic and market dynamics, demand supply imbalances and in response to global trends. Suitable and affordable housing is one of the critical needs of man and a nation cannot claim to have truly prospered if its citizens cannot boast of basic shelter.

‘’I congratulate your association for organizing this training and encourage you to always take advantage of both local and international trainings of this nature, on a more regular basis, so as to keep abreast with contemporary global trends and develop the requisite capacity to effectively address the challenges of the housing sector in Nigeria,’’ he said.

He went further to appreciate the President of the Real Estate Developers Association of Nigeria (REDAN), Ugochukwu Chime and his team for demonstrating capacity, foresight and purposeful leadership, and also the Convener of Abuja International Housing Show and owner of the popular Housing Television Programme, Festus Adebayo for his contributions to housing development in Nigeria.

He urged the participants of the training to make the most of the training and use it to improve all affordable housing efforts in Nigeria.

REDAN is organizing the training on emerging trends in real estate development in Nigeria as part of continuous professional development program for its members.

The training which is a basic and relative training for all stakeholders in housing and real estate will include capacity building, unveiling emerging laws, policies and practice issues in the real estate sector, advocacy programs, and many more.

The trainings are hany more.

The trainings are holding in Abuja on the 14th of November, in Lagos at The Haven AVMC Compound Ikeja on November 20, and Owerri at Graceland Event Arena, Owerri on November 22, 2019 from 9am-5pm.

Reactions Trail Government’s Decision To Ban Tricycles in Abuja

The Federal Capital Territory Administration has banned operators of tricycles (known locally as keke drivers) from plying major roads across the Nigerian capital city. The ban took effect on Monday, despite protests by many of the affected tricycle drivers.

The effect is already being felt 

Sources close to the situation recounted how the tricycle ban in Abuja made transportation difficult on Tuesday. Many people were seen stranded at bus stops and unable to get to work on time due to the absence of tricycles. Those who did find means of transportation were reportedly forced to pay more.

Why this matters 

Note that tricycles make up a significant part of Nigeria’s public transportation system. Across different cities and towns, the typically yellow-painted vehicles are seen everywhere transporting human beings at relatively low cost. Many Nigerian families also depend on the tricycle driving business for the sustenance.

Tricycle owners fight back 

In the meantime, the tricycle operators have vowed to fight back. On Monday, the National President of the Tricycle Owners Association, Austin Apeh, told journalists that plans were underway to seek redress at the National Industrial Court of Nigeria. They will also be seeking to understand whether the FCT authority’s decision to ban tricycles is backed by legislation.

“The FCTA said they would be banning us from the major routes and restrict us to the estates and villages. The decision is going to throw many people into the job markers because keke business feeds over 40,000 persons in Abuja. We want to be proactive and come out on time because another evil is coming after the same assault 17 years ago.”

Many Nigerians on Twitter agree with Apeh. Uncle Demola is particularly not happy that the authorities decided to ban tricycle drivers without bothering to provide alternatives. But then again, this is a regular occurrence in Nigeria, especially so in Abuja where the authorities are used to “relocating” people without first providing alternatives for them.

Another Twitter user identified simply as Oyiowoh recounted how he had no choice but to trek a rather long distance under the sun.

Another person pointed out that the decision to ban tricycle in the Federal Capital Territory might likely aggravate crime in the city as people resort alternative means of survival.

Source: nairametrics

3rd NAHFIS Expo Kicks Off With Optimism About Innovative Solutions for Affordable Housing

Organisers and speakers at the 3rd Nigeria Affordable Housing Finance and Innovation Summit (NAHFIS) and Expo have expressed their optimism about the prospects of the event providing innovative solutions for large scale delivery of affordable housing in Nigeria.

The two day event began on Wednesday and is taking place at the NAF Conference Centre, Abuja.

The event with theme, ‘’Innovative solutions for large scale delivery of affordable housing,’’ and Sub-theme, ‘Cooperative and demand driven approach to affordable housing,’’ attracted leading stakeholders in the housing sector from Nigeria and abroad to realise sustainable approaches to housing development.

According to the organisers, the objectives of NAHFIS 2019 is to proffer rapid and efficient access to affordable housing (rented and owned) by low and middle income earners both in the formal and informal sectors of the Nigeria economy. The summit will focus on technological innovations, housing finance models, off-takers’ cooperatives, public-private partnerships and their implications for large scale delivery of affordable housing.

While speaking to Africa Housing News at the event, the MD/CEO of NISH Affordable Housing Limited and Conference Convener, Yemi S.K Adelakun said this year’s conference will highlight some innovative strategies that will enhance the delivery of affordable housing in Nigeria.

He said, ‘’It is common knowledge that there is huge deficit in Nigeria especially in the low and medium income range. Housing deficit in Nigeria is estimated to be between 17 to 22 million. The challenges leading to housing deficit in Nigeria must be addressed deliberately and systematically if we are able to achieve significant and sustainable success in delivering affordable housing to the teeming population of Nigeria. Towards this end, various housing stakeholders have individual and collective roles to play in surmounting these challenges and turning the challenges to opportunities. This summit will attempt to unravel these housing challenges and proffer innovative solutions for delivering affordable housing on a large scale and cost effective manner.’’

According to him the most critical and most elusive success factor that affects all other success factors is finance, which is the major focus of NAHFIS Expo.

‘’We need finance to buy land, technologies, building materials, infrastructure and pay workers and professionals. We also need finance to buy or rent completed houses. Finance is in short supply and very costly. We need both construction and mortgage finance. The prevailing approach is to provide construction finance without making adequate provision for offtakers’ finance to buy or rent the completed houses from developers. This is why there are so many houses in locations nobody wants to live and at prices nobody can afford.

‘’Without finance to give offtakers the purchasing power to buy houses, housing deficit figure remains a mere want or wish. We need to turn the want for housing demand through adequate access to housing finance at affordable prices. NISH Affordable housing is advocating effective demand driven approach to solving the intractable problem of delivering affordable housing. This approach will enable us to determine the needs and affordability and finding sources of offtakers before commencing construction. By financing offtakers, we will indirectly be financing the developers. This approach will encourage developers to be competitive in price, quality and speedy delivery of affordable housing on a large scale,’’ he said.

He said that for sustainable delivery of affordable housing, offtakers financing must be at single digit interest rate.

‘’Efforts of government and its agencies like the Federal Mortgage Bank of Nigeria, Family Homes Fund and Federal Government Staff Housing Board offering 6%, 5% and 3% interest rates respectively are appreciated. It is however clear that these institutions are limited in their funding capacity to finance affordable housing given the existing level of housing deficit such that only a small percentage of Nigerians can quality and secure mortgages through these institutions.’’

While the country may be hoping for enhanced capitalization of these institutions in the future and possible special intervention fund by government, offtakers, according to Adelakun, must engage in self-help through innovative principles or Cooperative Housing.

‘’This informs the sub theme of NAHFIS EXPO 2019: “Cooperatives and Demand Driven Approach to Delivering Affordable Housing”. The second day of this Summit is dedicated for this purpose and to preach the gospel of synergy in togetherness and to encourage formation of cooperative housing association across the country which will culminate in formation of cooperative housing federation of Nigeria.

‘’The goal is to unite Offtakers and aggregate savings and equity contributions to improve their collective chances of renting or owning affordable housing at minimal cost and to actively participate and invest in the various housing value chains. Cooperative Housing should afford offtakers a better negotiating platform with other stakeholders. Housing Cooperatives in other countries like Kenya play the role of developers, financiers, guarantors, bankers, asset aggregators and managers. They are able to attract domestic and international donor and equity funds due to the volume of savings from members.
‘’Cooperative Housing will also facilitate procurement of bankable offtakers guarantees required to attract global construction companies with proprietary technologies and finance tor large scale, speedy and cost effective and efficient delivery of affordable housing to Nigeria.

‘’Offtakers guarantees will also eliminate sad experience of some offtakers who made payment to developers and were unable to either get their houses or retrieve their payments. The values, vision, principles and benefits of Cooperative Housing will be discussed in detail and action plans set in motion to promote Cooperative Housing as well as Cooperative Housing Saving Schemes in Nigeria,’’ he said.

Lagos Gives Conditions To Reopen Worship Centres, Leisure Home

The Lagos State government on Tuesday gave conditions for the reopening of worship centres and social points and hospitality premises.

They must get letters of guarantees from residents’ associations of their operational communities, Environment and Water Resources Commissioners Tunji Bello said yesterday.

Reading the riot act to operators of nightclubs, bars, karaoke centres, churches and mosques in the state that were shut down by the government due to  noise pollution, the commissioner said the affected centred  will not be reopened until they secure letters of guarantee from the residents association of their host host communities.

In a statement by the Ministry’s spokesman, Mr. Adekunle Adeshina, the commissioner stated that the Lagos State Environmental Protection Agency (LASEPA) has been mandated to apply the full weight of the law in the matter.

According to him, LASEPA officials will henceforth monitor the activities of such centres/homes and anyone found to have exceeded the allowed level of sound output will be closed down and the appropriate sanctions applied.

Bello added that the action became imperative because his office has been inundated with complaints and petitions from many residents and community associations about the noise levels of many of the leisure centres and religious homes.

The commissioner explained that it was also discovered that many of such leisure centres/religious homes after being reopened by the government usually go back to the same noise pollution for which they were earlier reprimanded, adding that this prompted the issue of involving the residents associations.

He advised owners of the affected premises to procure sound proof equipment to reduce the noise level, warning that the government will not allow any business concern to endanger the health and wellbeing of residents.

The Lagos State Waterways Authority (LASWA) is partnering with the management of the Food and Beverage Recycling Alliance (FBRA) to clean up food and beverage debris on waterways.

Source: thenationonlineng

Bill Gates Unveils Toilet That Transforms Waste Into Fertilizer, Doesn’t Require Water or Sewers

For Bill Gates, toilets are serious business. The billionaire philanthropist kicked off the Reinvented Toilet Expo in China and unveiled a new toilet that does not require water or sewers, and uses chemicals to turn human waste into fertilizer, Reuters reported.

“We are all here for one reason: because more than half the world’s population doesn’t have the safe sanitation they need to lead healthy and productive lives,” Gates said in a speech on Tuesday in Beijing.

Gates tweeted a video Monday that described his and his foundation’s mission to improve sanitation for countries that do not have or cannot afford to build the sewer infrastructure to remove waste.

“You might guess what’s in this beaker—and you’d be right. Human feces. This small amount of feces could contain as many as 200 trillion rotavirus cells, 20 billion Shigella bacteria, and 100,000 parasitic worm eggs,” the Microsoft co-founder said.

He kept the jar on the podium for nearly 10 minutes before removing it, the Associated Press reported.

Poor sanitation kills nearly 500,000 children under the age of five annually and costs an estimated $223 billion a year in the form of higher health costs and lost productivity and wages, Reuters reported, citing the information from the Bill and Melinda Gates Foundation.

The untreated sewage can also negatively impact the surrounding environment.

“Some of the untreated human waste is in unlined pit latrines that contaminates groundwater around people’s homes,” Gates said in his speech. “Some is collected manually, or by trucks, and is dumped into nearby fields or bodies of water. And some is collected in sewers but never gets treated. The point is that we are far from the goal the world set in 2015 of everyone using a safely-managed toilet.”

The aim of the expo is to “launch a new category of innovative, decentralized sanitation solutions that will benefit millions of people worldwide,” Gates said.

Several of these “reinvented toilets” are currently being tested in Durban, South Africa.

“Durban is a good place to run these tests because the city is growing fast and many people there don’t have a modern sanitation, which means that, even if they have access to a toilet, the waste can get into the environment and make people sick,” Gates said in the video.

“A typical toilet needs water, but many of the new approaches don’t require any water at all, some of them don’t need electricity either, others run on solar power,” he added. “All of them remove the pathogens from the waste and, most importantly, they don’t have to be connected to the sewer system.”

The next step for the project is to pitch the concept to manufacturers, Gates told Reuters. He estimated that the market for the toilets will be more than $6 billion by 2030.

Source: ecowatch

More UAE Rain Expected in the Coming Days

UAE residents can expect more rainfall in the coming days, as the National Centre of Meteorology (NCM) continues its cloud seeding operations, with five having already taken place in the past 48 hours alone.

In 2019 so far, the centre has carried out 181 cloud seeding operations. It uses aircrafts to shoot salt flares into clouds that have rain droplets to enhance the chance of rainfall, which it aims to increase by 15-25 percent, the head of cloud seeding Khalid Al Obeidii told Khaleej Times.

Sunday saw heavy rainfall and storms take place across the UAE, with major tourism attractions such as The Dubai Mall experiencing flooding and temporary store closures.

Videos and images were widely distributed on social media showing people wading through stores on the mall’s ground floor, in the Fashion Avenue area. The country also experienced major traffic jams and waterlogged roads.

Some flights were also delayed at Dubai and Abu Dhabi airports but resumed early on Monday morning.

However the weather bureau has warned UAE residents to remain cautious as more heavy winds, rainfall and storms are expected.

Last year, NCM introduced a ground generator on top of mountains in the Hafeet and Fujairah areas to shoot salt flares up to the clouds to increase the chances of rain.

Source: arabianbusiness

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