Business News
Visionscape, Lagosians react over directive to bring back PSP operators
Visionscape Sanitation Solutions is the waste management utility company contracted by the Lagos State Government to provide residential solid waste management.
Published
2 years agoon

Visionscape Sanitation Solutions, the waste management utility company contracted by the Lagos State Government to provide residential solid waste management collection services across the State, has responded to Lagos State House of Assembly’s statement directing the state government to cancel its operation in the state.
In a series of tweets on the firm’s Twitter handle, Visionscape CEO, John Irvine noted that the firm will continue to discharge its part of the contract with the Lagos State Government.
“We would like to believe that there is some misinterpretation of the statements being circulated, despite our continued efforts in meeting the performance matrices of our valid and subsisting contract.
— Visionscape SS Ltd. (@VSSanitation) October 18, 2018
“We remain open to dialogue, levelling the competitive playing field and participating in a more inclusive process with all stakeholders in the environment.” #Visionscape #VSSanitation
— Visionscape SS Ltd. (@VSSanitation) October 18, 2018
Reactions by residents
Residents of the state are angry with the new Cleaner Lagos Initiative managed by Visionscape which has also seen the return of refuse to many streets.
Let me drop this one too. This is alaba market. Visionscape come n sweep this one too pic.twitter.com/bc6LpzLuul
— KAFAYAT BIBITAYO (@Alade_Ayinde15) October 17, 2018
You need to take a drive to Ajao estate. Right from the front of the LOCAL GOVERNMENT to every part of Ajao estate is dead and gone!!! The local government chairman drives on that same road. The house of assembly guy drives on these same roads. What type of people are these??????
— MADUKA BENSON (@madukabisreal) October 17, 2018
https://twitter.com/EBONGIE/status/1053212269734174720
@temiokomi @ClassicFM973 Lagos state house of assembly members had to wait this late to act on the Visionscape disaster, should we return them? they kept quiet when they are the ones who can put the governor in check. All the house members must go with their Governor.
— Orebola Oresanwo (@bolaores) October 19, 2018
While many Lagosians are clamouring for the total cancellation of Visionscape activities, others call for an amicable resolution which will include the reintroduction of the PSP operators into the waste management services.
Fikayo has a degree in computer science with economics from Obafemi Awolowo University. ITIL v3 in IT service management. An alumnus of Daystar Leadership Academy. Prior to joining Nairametrics had stinct in Project management, Telecommunications among others. Also training in Consulting and Investment banking from Edubridge Academy. He has very keen interest in Politics, Agri-business, private equity and global economics. He loves travelling and watching football. You can contact him via [email protected]


Real Estate and Construction
Osborne, Ikoyi residents move against Lekki Gardens over planning laws violation
The residents accused owners of Lekki Gardens Estate of alleged flagrant and unchecked violation of officially approved building plans.

Published
28 mins agoon
April 11, 2021
Residents of Osborne Foreshore 2 estate, Ikoyi, have moved against a property development firm, Lekki Gardens/Foreshore Waters Limited for allegedly violating the state’s planning laws; in addition to the violation of the estate’s building plan and the existing plan to stop work forthwith.
This is as the residents of the estate have appealed to the Lagos State governor, Babajide Sanwo-Olu, to order that works on all approvals for development in the estate be suspended for 3 months because of the ongoing review of the approval order.
According to a report from Thisday, the appeal is contained in a statement issued by the residents of Osborne Foreshore 2 estate, where they warned that refusal to stop further work might lead to a breakdown of law and order.
What the residents of Osborne Foreshore 2 estate are saying
The residents of the estate in their statement said, “We once again invite your Excellency to visit our estate to see for yourself how the activities of Richard Nyong will one day lead to a breakdown of law and order if this brazen disregard of planning laws of Lagos States is allowed to continue.”
They accused the developer of violating state’s planning laws in its quest to construct multi-storey structures in the expansive residential estate.
They also accused Richard Nyong, Lekki Gardens Estate and Foreshore Waters Limited of alleged flagrant and unchecked violation of officially approved building plans.
The estate management pointed out that other developers have since complied with these guidelines whereas Lekki Gardens had allegedly refused to do the same.
What the Chairperson of Osborne Foreshore Residents Association is saying
The Chairperson of Osborne Foreshore Residents Association, Mrs Chinwe Ezenwa-Mbah, had recently expressed reservations over the impact of the heavy construction by Lekki Gardens and other developers and how it is affecting the houses of other residents in the estate.
She said, “When we got our plots, we were told that the place was designed as a low population residential area. We did not know that a time would come when this area would become a commercial area.
“When you come into an existing estate and you are doing piling that is breaking your neighbour’s foundations as well as against the approved plan given to you in the name of commercial development, that is not right.”
What you should know
- It can be recalled that the relationship between Lekki Gardens and the management of Osborne Foreshore 2 Estate broke down after the latter insisted that the property developer must obey building permit laws given to it by both the Lagos State government and the resident association.
- Several other landlords and Residents of Osborne Foreshore 11, have also complained about the activities of Lekki Gardens and other developers in the area whom they accused of violating the building permit given to them by the government.
- The Lagos State Commissioner for Physical Planning and Urban Development, Dr Idris Salako had held a meeting with all the stakeholders in a bid to amicably resolve the existing dispute.
- The residents made an appeal to the Lagos State government for reversal of the wrongful classification of Osborne Foreshore Phase II from its original master plan as a low-density to a high-density residential estate.
Business
The five-ingredient of a successful startup pitch
Every great pitch has these 5 ingredients to help you maximize your chances when fundraising for your startup.
Published
38 mins agoon
April 11, 2021
Startups typically prepare a pitch deck to present to potential investors for funding. A pitch deck is a brief presentation that provides investors with an overview of your business. It typically focuses on showcasing your product and business model. An excellent pitch is highly essential to the success of a startup seeking funding from investors.
According to Romeen Sheeth, an angel investor who heard 200 companies pitch and invested over $1million last year, every great pitch has these 5 ingredients to help you maximize your chances when fundraising.
- Problem: Is this an issue?
- Solution: Do you have the fix?
- Market: Is this a big enough issue?
- Business: Can you make money
- Team: Do you have the human resources to do it?
The best pitches nail all 5. Good ones hit 4. Subpar hit 3 or less.
Problem
The problem statement is an explanation of why a set of circumstances is painful for a set of users. There’s one word in that sentence that is most important: painful. If your problem is not painful enough, it’s a vitamin. The best startups are pain killers.
Solution
The solution statement is an explanation of how you address the pain felt by your users. If you don’t have the right solution, you won’t get customer traction. Customers don’t buy your thesis on the pain point. They buy the actual thing that solves their pain point.
Market
In tech, only businesses that have outsized potential get funded. To have outsized potential, you have to either be in a: (a) small, but rapidly growing market or (b) large existing market that can be resegmented. If not, the business is not venture backable.
Business
The business model defines how you print cash. What is the key insight you’ve figured out that other people haven’t? You don’t need to reinvent the wheel on everything to be a compelling business. Just explain the secret sauce that helps you capture the value.
Team
Everything else is academic if you can’t execute. Ultimately the investor is betting on your team’s ability to bring out the reality in the insights around the problem, solution, market, and business. Communicate why you are the best in the world to build the business.
Once you feel good about these 5, think through the connection points. Every topic that comes up in the conversation will be a function of a connection point. For example:
- Problem-Market = Industry Dynamics
- Solution-Market = Competition
- Market-Business = Unit Economics
Bottom line
When you pitch, always keep it simple. Understand the 5 core ingredients, think through how they relate to one another, communicate with clarity, and don’t assume investors understand your business.
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