Business News
Manufacturers, construction companies to receive waivers from Lagos State during lockdown ease-up phase
In the meantime, it appears all relaxation centres and other related businesses will remain shut for now until a review is done.
Published
12 months agoon

The Lagos State Government said it is willing to grant conditional waivers to manufacturers and construction companies that may wish to operate beyond the stipulated hours allowed for free movement during the gradual lifting phase of the COVID-19 lockdown.
According to a statement by the Lagos State Government which was issued via Twitter, construction and manufacturing companies can extend their operations till 6pm, while other companies are still required to end operations by 3pm.
Governor Sanwo-Olu on Amended Gradual and Controlled Easing of the Lockdown from Monday May 4.@jidesanwoolu @drobafemihamzat #LagosAgainstCovid19 #CovidLASG #LASG #ForAGreaterLagos pic.twitter.com/tMtys7yamB
— The Lagos State Govt (@followlasg) May 4, 2020
However, such companies must be willing to fulfil certain conditions as you can see below.
“The issuance of these waivers will be conditional upon a firm commitment from the applying company that it will make adequate and complete arrangements for the transportation of staff between their homes and places of work” the statement said in parts.
(READ MORE: Ethiopia moves ahead of Nigeria, offers tax relief to firms affected by COVID-19)
The Lagos State Government had earlier directed that companies wishing to reopen on May 4 could only operate within the hours of 9am and 3 pm. However, that earlier directive has been relaxed in a bid to encourage faster economic recovery in the state. This notwithstanding, movements during this gradual unlocking period will still be under the Government’s strict supervision.
In the meantime, it appears all relaxation centres and other related businesses will remain shut for now until a review is done.
(READ MORE: Businesses that must remain closed after May 4)
Ruth Okwumbu has a MSc. and BSc. in Mass Communication from the University of Nigeria, Nsukka, and Delta state university respectively. Prior to her role as analyst at Nairametrics, she had a progressive six year writing career.As a Business Analyst with Narametrics, she focuses on profiles of top business executives, founders, startups and the drama surrounding their successes and challenges. You may contact her via [email protected]


Coronavirus
Facebook launches social media drive to boost Covid-19 acceptance in Nigeria
This initiative is coming at a time when a good number of Nigerians are yet to accept the Covid-19 vaccine and promised not to take them.
Published
1 hour agoon
April 25, 2021
Facebook has announced the launch of a new social media drive allowing people to add frames and graphics to their profiles on Facebook and Instagram, saying they have either had the Covid-19 vaccine or plan to do so.
The American Technology conglomerate is collaborating with the National Primary Health Care Development Agency (NPHCDA) and other key regulatory bodies within the Health Sector in the country in driving this initiative.
According to Punch, this disclosure was made known through a statement issued by Facebook on Friday, saying it would use its scale and speed to reach people faster and help them get credible information, get vaccinated and come back together safely.
This initiative is coming at a time when a good number of Nigerians are yet to accept the Covid-19 vaccine and promised not to take them.
Facebook said that the new range of Facebook frames and Instagram GIPHY stickers allow people to share their support for getting vaccinated with their family and friends, as the access to Covid-19 vaccines intensify across Nigeria.
The frames and stickers include banners that say ‘Let’s Get Vaccinated’ or ‘I Got My Covid-19 Vaccine’ which would appear overlaid on the edge of their profile picture next to a blue bubble that reads ‘We Can Do This.’
Facebook, pointed out that due to the reluctance of millions of people to accept the vaccine, it was launching the profile frames with research showing how social norms could have a major impact on people’s attitude and behaviour when it comes to their health.
Facebook’s Head of Public Policy for Anglophone West Africa, Adaora Ikenze, said, “We’re promoting these unique profile frames and GIFs to all Nigerian Facebook and Instagram users to raise vital vaccine confidence.’’
The new frames and GIPHY stickers let you share your support for COVID-19 vaccines, and see that others you respect and care about are doing the same.”
On his part, the Executive Director and Chief Executive Officer of the NPHCDA, Faisal Shuaib, said partnerships like the one secured with Facebook demonstrated the resilience of the human spirit to endure, innovate and reemerge with the promise of hope that COVID-19 vaccination offered to everyone.
What you should know
Facebook has in recent times, have been taking aggressive measures to do away with vaccine misinformation across the globe.
A top executive of Facebook had said that the company has fact-checkers in dozens of countries around the world, who are really working round the clock to look at misinformation about vaccines, as it sees it as absolutely imperative to try to get misinformation off the platform and redirect people to accurate information.
Facebook said that it started removing false information about Covid-19 vaccines in December, and expanded the list of offending vaccine-related claims two months later.
Business News
FG starts the review of emoluments of political office holders, judicial staffs
This is coming at a time when there is a lot of agitation against the huge allowances that political office holders especially the Federal legislators are paid.
Published
1 hour agoon
April 25, 2021
The Federal Government has said that it has started the review of emoluments of political office holders and judicial staff.
This is coming at a time when there is a lot of agitation against the huge allowances that political office holders especially the Federal legislators are paid at the expense of other government workers.
This disclosure was made by the Chairman of Revenue Mobilization Allocation and Fiscal Commission (RMAFC), Chief Elias Mbam, on Saturday, at Amagu community in Ikwo local government area of Ebonyi State, at the 7th Ofala festival and 30th anniversary of the coronation of the traditional ruler, saying the commission had begun reviewing their emoluments.
Mbam told newsmen that a process to review the remuneration of political and judicial office holders was in progress, noting that the commission was saddled with the responsibility, hence it would soon conduct a public hearing on the issue, to allow the citizens to contribute to the process.
What the RMAFC Chairman is saying
Mbam in his statement said, “One of the major responsibilities of our commission is to determine remunerations appropriate for political and judicial officeholders. In doing that, the financial situation of the country, at any giving time, is taken into consideration, including inflation and the country’s Gross Domestic Product (GDP), among others.
The commission being conscious that a lot has happened since the last review, has commenced the process of another review to reflect the changing realities. We have progressed and we believe that before the end of 2021 something concrete will happen,” he said.
While not confirming whether their salaries would be reviewed upwards or downwards, the RMAFC Chairman said, “It is a process and the process at the end determines what it will be; when we go through the process, if it comes out to increase, we increase, if it decreases we do it.’’
Mbam, however, encouraged Nigerians to participate in the review, noting that there would be public hearings and invitations for memoranda from members of the public, including institutions under the three tiers of government.
The RMAFC boss, who also spoke on the diversification of Nigeria’s economy, noted that the solid minerals sector had been contributing immensely to the economy since his assumption of duty as chairman of the commission following the sensitization and advocacy campaigns to all tiers of government, to encourage revenue diversification.
Bottom line
The review of the emoluments of political office holders and judicial staffs would help address the concerns of Nigerians and various interest groups who feel that these political office holders are overpaid especially in this period of economic and revenue challenges.
It would also address their quest for better remuneration for Judges in line with the volume of work they do and also to discourage corruption in the Judiciary.
Nairametrics | Company Earnings
Access our Live Feed portal for the latest company earnings as they drop.
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