Connect with us
Switch
Advertisement
Polaris bank
Advertisement
Esetech
Advertisement
Payfarmer
Advertisement
Patricia
Advertisement
IZIKJON
Advertisement
Fidelity ads
Advertisement
Stallion ads
Advertisement
app

Business

Lagos Govt seals Queens Park Event Centre, Oniru for contravening COVID-19 protocol

Lagos Govt shut down Queens Park Event Centre, Oniru for contravening the State’s COVID-19 Protocol.

Published

on

Lagos Govt seals Queens Park Event Centre, Oniru for contravening COVID-19 protocol

The Ministry of Tourism, Arts and Culture, under the aegis of Lagos State Government, has sealed and revoked the operating license of Queens Park Event Centre, Oniru, due to the contravention of COVID-19 protocols set by the state to curb the spread of the virus.

This disclosure was seen by Nairametrics in a statement issued by Gawat Jubril, the Senior Special Assistant to the Lagos State Governor on New Media today, 27 December 2020.

READ: Lagos to punish residents who break COVID-19 protocols during Xmas

Lagos State Commissioner for Tourism, Arts and Culture, Pharm. Uzamat Akinbile Yusuf, disclosed that the step to withdraw the license was taken in the best interest of the State and its citizens – as the state, which is the epicentre of the pandemic in Nigeria, continues to record cases of COVID-19 infections.

The Commissioner called on other event centres and venue owners to comply with the Governments laid down directives, or risk losing their operating licenses.

Specta

READ: 11Plc explains why Mobil filing station in Maryland was demolished

She reiterated that the fight against the virus can only be successful if all Nigerians follow the laid down public health and safety protocols and called on Lagosians to take responsibility and co-operate with the government to effectively curtail the spread of the virus.

Mr. Lanre Mojola, the Director-General, Lagos State Safety Commission, who was also quoted in the statement emphasized why it became necessary to seal and revoke the operating license of the event centre.

READ: Rivers State seizes oil production site owned by Shell over oil spills

He said the actions of the operators of the event centre was offensive, as it contravened all safety protocols laid down by the State, hence it became imperative to take such steps, following an event that was held at the venue on 26 December.

The DG also issued a stern warning to all other event centers and venue owners, who continue to flout safety protocols in the State, emphasizing that failure to comply with these protocols would lead to the revocation of the operating license of these business entities in the State.

According to him, the Commission has begun a legal process against some recalcitrant business owners who removed the government seal and continued operations.

READ: Lagos rolls out transportation guidelines to control second wave of Covid-19 pandemic

Coronation ads

What you should know

  • In a bid to curb the spread of the virus in the state, Lagos state government has taken stern actions which have affected the operations of key relaxation hubs.
  • According to a recent report by Nairametrics, Nigeria continues to record significant increases in COVID-19 infections, as the latest statistics provided by the Nigeria Centre for Disease Control (NCDC) revealed that Nigeria has 83,576 confirmed cases as of 26 December 2020.
  • The data by NCDC revealed that 829 new confirmed cases and 1 death were recorded in Nigeria on the 26th of December after the centre carried out a total daily test of 13,000 samples across the country.
  • Recall that about a week ago, Nairametrics reported that the Lagos State special task force during an operation in the early hours of Sunday, December 20, 2020, shut down Cubana nightclub in the Ikeja GRA area and other facilities for disobeying the State’s ban on the activities of nightclubs.

Polaris bank

Omokolade Ajayi is a graduate of Economics, and a certificate holder of the CFA Institute’s Investment Foundation Program. He is a business analyst, and equity market researcher, with wealth of experience as a retail investor. He is a business owner and a stern advocate of Financial literacy, who believes in the huge economic prospect of the Nigerian Payment channels and Fintech space.

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Business

One killed, 15 kidnapped by pirates on Turkish ship off Gulf of Guinea

Published

on

shipping tariffs, Nigeria

A Turkish ship was attacked off Nigeria’s Gulf of Guinea coast, killing an Azerbaijani citizen, and kidnapping 15 sailors, with reports stating the attack, happened way offshore compared to other attacks.

This was disclosed in a report by Reuters on Sunday, as the attack happened on Saturday and has been confirmed by the Turkish government.

The Liberian-flagged vessel was headed to Cape Town from Lagos when it was attacked 160 kilometers (100 miles) off Sao Tome island on Saturday, maritime reports showed.

READ: FG to launch policy to prevent smuggling of mineral resources

The ship which was Liberian Flagged was on its way to Cape Town from Lagos, was attacked 160 kilometers off Sao Tome, crew members added that the attack was well planned as the pirates stormed the Ship’s protective citadel.

Specta

The Gabonese government has confirmed the Ship has reached its waters as 3 Sailors remain on the ship, Mozart,

“The ship is in our waters and our sailors are assisting a few nautical miles from Port Gentil,” Gabon’s presidency spokesman Jessye Ella Ekogha, said.

READ: Blockchain technology expected to tackle Africa’s challenges across industries

Turkish President Tayyip Erdogan’s office said Erdogan spoke with the fourth captain of the ship, Furkan Yaren, and assured them that he will “rescue of kidnapped ship personnel”.

 Furkan Yaren, disclosed that the Ship had been “cruising blindly” towards Gabon as Pirates damaged most of the ship’s controls leaving only radar working.

 Nigerian Navy commander, Edward Yeibo, revealed that Nigeria was not aware of the attack as to when it happened but would seek more details about it.

READ: Fish production, demand, piracy and the required strategies to boost supply

What you should know 

  • Nairametrics reported that West Africa’s Gulf of Guinea recorded an unprecedented increase in piracy attacks in 2020, according to the International Maritime Bureau in its 2020 Annual Piracy report.
  • The IMB reported that 135 crew members were kidnapped from their vessels in 2020, with the Gulf of Guinea accounting for over 95% kidnapped. A record of 130 crew members was kidnapped in 22 separate incidents.
  • The FG launched the $195 million Deep Blue Project which is a NIMASA initiative aimed at the prevention of illegal activities in the maritime domain. Minister of Transportation, Rotimi Amaechi stated that all equipment needed for the Deep Blue Project will be ready by March 2021.
  • Maersk, the world’s largest shipping company, has called for military intervention in the piracy problem in the Gulf of Guinea, which has made the gulf the new global headquarters for piracy.

Coronation ads
Continue Reading

Business

FG refunds Bayelsa State N27 billion as amount spent on federal projects

The Bayelsa Government has received N27 billion approved as refund by FG for federal projects executed by the state.

Published

on

The Federal Government has refunded N27 billion to Bayelsa State as the money the State government spent on federal projects since 2005 to date.

This was disclosed by the Bayelsa State government on Sunday, as it said the amount is not up to the N38 billion approved by the FG as refunds for federal road projects.

READ: Adamawa Governor signs 2021 Appropriation Bill worth N140 billion into law

State Governor, Douye Diri said that the state only received an N27 billion cash refund, meanwhile, the Technical Adviser on Treasury and Accounts to the governor, Timipre Seipulo, disclosed that the debt instrument issued by the federal government had a tenor of between four to five years maturity.

Seipulo added that the refund was implemented such that the states would wait between four to five years to access the full amount approved by the FG, therefore States could only get discounted refunds from the FG.

Specta

He added that the N27 billion amount was discounted 71% from the total N38 billion expected value.

READ: Governor Sanwo-Olu says 24,000 students yet to resume in public schools

What you should know

Nairametrics reported in November 2020, that Promissory notes worth N148.141billion were approved by the Senate as a refund to Bayelsa, Cross River, Ondo, Osun, and the Rivers States for projects executed on behalf of the Federal Government.

The amount due to the five states was N148.14billion and broken down as follows:

  • Bayelsa was allotted N38.40billion
  • Cross River was allotted N18.39billion
  • Ondo was allotted N7.82billion
  • Osun was allotted N4.57billion
  • Rivers was allotted N78.95billion

READ: Lagos State already making contacts with vaccine manufacturers – Sanwo-Olu

Nairametrics also reported that the Governor of Rivers State, Nyesom Wike, stated that the Federal Government refunded the South-South State the sum of N78 billion, representing the amount spent on federal roads by the state.

Continue Reading

Business

African leaders should support MSMEs for rapid recovery of economies – Report

African leaders would help speed up the recovery process in most African economies if they can continue to support the MSMEs.

Published

on

Development Bank of Nigeria , Companies Allied Matters Act (CAMA)

African leaders have been enjoined to promote and support policies that would strategically support the Micro, Small and Medium-sized Enterprises (MSMEs) and speed up the recovery process in most African nations.

This was stated in the Foresight Africa 2021 report, a publication of African Growth Initiatives of the Brookings Institution, a non-profit organization devoted to independent research and policy solutions.

According to the report:

  • “Policymakers must continue to support businesses—both smaller enterprises and larger firms—that have been disrupted by the crisis.
  • “Arguably, the greatest priority must be to bolster the micro-, small-, and medium-sized enterprises (MSMEs) that are key to African commerce and account for 83 percent of private-sector employment in Africa.
  • “Such businesses, which number between 85 million to 95 million, are especially vulnerable to COVID-19 mitigation measures given they are often characterized by person-to-person contact. By just May 2020, 75 percent saw their revenue decline by over 30 percent.
  • Finance will continue to be one of the greatest needs for African businesses; indeed, only 5 percent of MSMEs across the continent feel they have received adequate support from lenders. Provided governments navigate Africa’s fiscal challenges with skill and determination, they can continue offering suitable financial support to small enterprises; in addition to indirect support through value chains and banks, such assistance might include loans, debt forgiveness, low-interest rates, assistance with payments to suppliers, and reduction in utility costs.”

 Ways Governments can provide financial support to MSMEs

  • There are several steps that governments can take to provide financial support to MSMEs. One option is to assist MSMEs through larger firms in their value chains, which might include upstream suppliers and downstream buyers.
  • “Governments can provide easier liquidity and working-capital terms to these larger players, and they can make such support conditional upon these firms’ providing favourable financial terms to MSMEs.
  • “Governments can also consider providing risk guarantees or first-loss mechanisms while requiring banks to on-lend under the chosen set of criteria and guidelines in order to encourage banks to lend to MSMEs.
  • “Policymakers must not lose sight of the region’s informal sector, as 84 percent of African MSMEs are unregistered. Policymakers can take advantage of the opportunity created by the crisis to convince larger numbers of informal enterprises to register, and thus gain better access to finance and markets. Moreover, to promote registration, governments could shape bold campaigns and attractive packages, potentially including multi-year tax holidays and capacity building for MSMEs.”

Why this matters

  • Micro, Small and Medium-sized Enterprises (MSMEs) are widely recognized for the important contributions they make to sustainable development, in terms of contributions to economic growth, creation of jobs, provision of public goods and services, as well as poverty alleviation and reduced inequality.
  • The pandemic has seriously impacted the MSMEs in all African nations as it has exacerbated economic hardship and may have pushed more than 40 million Africans into extreme poverty.
  • It is imperative that the African leaders focus on enabling businesses to respond effectively to these new and unfavourable conditions to which most MSMEs have been exposed to.

Continue Reading
Advertisement




Advertisement