Category: Business

  • Lack of enforcement responsible for increase in deaths

    Lack of enforcement responsible for increase in deaths

    African countries need to tighten their road traffic enforcement laws or risk losing more lives in avoidable road accidents, the South Africa chief executive of Road Traffic Management, Mr Collins Letsoalo, has said.

    Letsoalo, who disclosed this while presenting a paper at the Africa Road Safety Conference last Wednesday in Johannesburg, said South African drivers were the worse culprits in terms of not wearing seatbelts and adhering to road safety laws.

    He said lack of enforcement of traffic laws was responsible for the high number of deaths on the road in the continent.

    “There is need to understand that killing people on the road was murder. South Africans are not doing the simplest of things, like wearing a seatbelt and they don’t see it as a problem. It has been proven that if we can double our seatbelt wearing rate from what we have now, we will have a 30 per cent reduction in road fatalities,’’ Letsoalo said.

    He said that some of the countries in the continent had done the simplest of things to reduce road accidents.

    “They focus on drunk driving and seatbelt usage. Speeding, drunk driving, and failure to wear seatbelts and helmets are the most critical challenges facing most Africa countries,’’ Latsoalo said.

    He said that South Africa was losing between 280 and 350 people to road crashes every week.

    “About 40 per cent of those killed were pedestrians. At present, 14, 000 people a year die on South Africa’s roads, with accidents reportedly costing the country 307 billion rands a year,’’’ he said.

    Letsoalo added that the issue of road safety could no longer be left to government authorities alone.

    “We have reached that stage now where we are calling on society to work with us. It cannot be a government thing. People need to understand that if they behave the way they are doing and continue to do so, they are likely to lose more lives,’’ he said.

    He noted that the laws were not lenient but enforcement was lacking.

    Letsoalo said that the communities needed to understand that, “today it can be me and you and tomorrow it will be somebody else.’’

    The News Agency of Nigeria (NAN) reports that South Africa National Prosecuting Authority charges irresponsible drivers with murder instead of homicide and this has been welcome by some people in the country.

  • Double drivers licence in Lagos

    Double drivers licence in Lagos

    Double taxation is a major problem that organisations and other well – meaning individuals have been fighting against because it is seen as a form of oppression and extortion.

    The monster of double taxation has crept into drivers licence system in Lagos State. The rule now is that drivers, particularly commercial drivers holding the national drivers licence are to obtain a re-certification card from the Lagos State Drivers Institute after the payment of the stipulated fee.

    I regard this as double taxation because, the Lagos State government is fully involved in the issuance of the national drivers licence through its agencies (Motor Vehicle Licence Authority, and the Vehicle Inspection Unit), collaborating with the Federal Road Safety Commission (FRSC).

    Before anyone obtains a drivers licence, he undergoes the relevant training programme in the driving schools. The law also stipulates that the VIO should test the theory and practical skills of each candidate before recommending him or her for the national drivers licence.

    Under the rule of the Lagos State Drivers Institute, holders of the national drivers licence are to go for re – certification yearly at the institute at the stipulated fee, including eye test and classroom training. All these are part of what the FRSC have incorporated into the national drivers licence issuance and renewal for drivers particularly commercial drivers.

    No matter how much the operation of the Lagos State Drivers Institute is defended, it is nothing but a duplication of the national drivers licence process in which the Lagos State government is fully involved.

    The drivers are being compelled to cough out about N6,000 for the national drivers licence and another N2,000 for the re – certification card of the Lagos State Drivers Institute to be renewed annually at N1,000 which amounts to N4,000 within a period of three years amounting to N10,000 for both, apart from other vehicle particulars.

    If income generation is not the principal objective, then the Lagos State government should allow only the national drivers licence procedure to stay and support it to work as in other states of the Federation.

    The FRSC has appointed medical establishments in every local government to handle the eye and medical checkups which is more comprehensive than what obtains at the five centres of the Lagos State Drivers Institute.

    The FRSC and state VIOs have also appointed the driving schools to train and certify drivers for the national drivers licence. What other role is left to justify the operation of the Lagos State Drivers Institute apart from income generation?

    The situation in Nigeria is not easy for many households.

    The same drivers will pay rent, tenement rate, school fees of children, family medical bills, food, water, PHCN light bills, generator fuel, vehicle particulars, tax, psp and several others. How much is the monthly income of the target drivers.

    I hereby plead with the Lagos State government and other authorities to desist from implementing policies that will amount to double taxation or putting unnecessary financial burdens on the masses. I advise that this case should be revised with the necessary adjustments made. The instruments, equipment and facilities already acquired can be transferred or sold to the VIO, FRSC and driving schools as appropriate.

     

    Ojo writes from Lagos

  • Lagos NUJ tasks media owners on medical checks

    •Mourns photo journalist

     

    Owners of media houses in the country have been urged to carry out routine medical checks on practising journalists in their employment

    The Lagos State Council of the Nigeria Union of Journalists (NUJ), which made the call in Ikeja, also asked media owners to institute insurance policies for workers under their employment.

    This call is coming on the heels of reported cases of sudden deaths of practising journalists in the country, especially in Lagos.

    A few weeks ago, the Entertainment Editor of Vanguard Newspapers, Mr Amadi Ogbonna, died. This was followed by that on Sunday of a Sport Photo journalist with the same media organisation, Mr Sylva Eleanya, who reportedly slumped and died   in his Isolo, Lagos residence.

    In a condolence message to the management of Vanguard Newspapers by the Council and signed by its Chairman, Comrade Deji Elumoye and Secretary, Comrade Sylva Okereke, the Council said it was disheartening to note that within two months, the Council had lost two of its members from the Vanguard Media to the cold hand of death.

    It, however, described the late Sylva as a hard working journalist who put in his best in the profession.

    According to the statement, Eleanya apart from being an active member of the NUJ at the chapel level where he was the Vice-Chairman, was also  a sport journalist, who had excelled in the coverage of the World Cup , Olympics and the Commonwealth Games for Vanguard Newspapers for over two decades

    The statement, however, noted with displeasure that journalists do not have time to go for medical check ups to ascertain their state of health, describing such negligence as very unfortunate.

    Noting the rising waves of sudden deaths of journalists in the country, the statement, therefore, urged media houses, to start as a matter of urgency, the immediate medical checks for journalists under their employment.

    According to Lagos NUJ, “The high death rate in media houses in the country is very disturbing and calls for urgent action to stem the tide. In the last few weeks, we have witnessed death of two of our members in  sudden circumstances.

    ‘’We, therefore, call for immediate medical checks on our members. All the media houses should also institute insurance policies for practicing journalists in the country. They can also buy into the Insurance scheme of the Nigeria Union of Journalists.’’

     

     

     

     

     

     

  • Pay N18,000 minimum wage, Ebonyi told

    The Ebonyi chapter of the Committee for the Defence of Human Rights (CDHR) has called on Governor Martin Elechi to implement the N18,000 minimum wage for workers in the state.

    The government and the Nigeria Labour Congress (NLC) in the state have differed on the implementation of the wage.

    The government insisted that since no worker in its workforce earns below N18, 000, it had implemented the minimum wage.

    However, the NLC believed the increase should be reflected in all grades of the state workforce.

    Mr David Okoro, the CDHR Chairman in Ebonyi, told The Nation that the governor should be labour-friendly by resolving all lingering issues involved in the payment.

    “The governor should compromise if necessary and ensure that the legal provision of the wage is implemented.This has become imperative because the labour force is the engine room of government which needs adequate motivation for enhanced productivity,” he said.

    Okoro also advocated a review of the procedures of appointment in the state civil service and ensure that merit is enshrined into the process.

    “The appointment of judges, state director of public prosecution, auditor general, accountant general, and permanent secretaries, should be on merit of seniority lists. A situation where junior officers are elevated above their seniors, have created room for injustice and denial of rights, privileges and fundamental human rights of workers.’’

     

     

     

     

  • London minicab firm to test 50 electric cars

    London minicab firm to test 50 electric cars

    A LONDON-BASED minicab firm is aiming to be the first of the city’s taxi companies to use an entirely electric fleet, after signing a Memorandum of Understanding (MoU) with Chinese car maker BYD.

    Greentomatocars is to take delivery of 50 fully-electric BYD e6 models to trial in the capital from the second quarter of 2013. The five-seat crossover car is claimed to have substantial legroom and luggage space, while its BYD-made iron phosphate battery is claimed to offer a range of up to 186 miles on a single charge in urban conditions.

    The battery is also said to last more than 4,000 charges and discharge cycles, giving it genuine appeal as a long-term inner-city minicab if the claims prove accurate. At present BYD is China’s fastest-growing electric car manufacturer.

    Greentomatocars Managing Director Jonny Goldstone, said: “We are very pleased to be working with BYD on this project. As a partner company, BYD has shown great leadership to challenge the status quo, innovate and electrify mass transport – principles which go to the very heart of greentomatocars.”

    “As a car, we see strong parallels between the e6 of today and the then-unfashionable Toyota Prius of 2006,” he continued.

    “It is exciting to think that, even as a five-car start up, we played a major role in making the Prius popular; given the scale, experience and high-tech infrastructure we now have at our disposal, we would love to “do a Prius” with the e6, and help propel electric vehicles into the automotive mainstream – where they deserve and, for all our sakes, need to be.”

    Mayor of London Boris Johnson added: “It is my aim that London’s minicabs and taxis will be zero-emission by 2020, which will have a major impact on air quality. Every year the fleet is getting cleaner, making our city an even more attractive place to live, work and visit.

    “Encouraging many more electric vehicles is a key part of this transformation, so it is great news that greentomatocars has committed to operating 50 of these super-clean machines from next year.”

  • ‘Persons with disabilities can grow successful careers

    ‘Persons with disabilities can grow successful careers

    WITH determination and focused attitude, persons with disabilities have the potential to build successful careers in whatever sectors of the economy, experts have said.

    This was the submission made by a cross section of experts who spoke at a public forum recently.

    The event was at the maiden edition of Theseabilities Business Summit for Entrepreneurs with Disabilities.

    Tagged: “Entrepreneurship as a tool for social development”, it drew participants from the organised private sector.

    Among the roll-call was Mr. Folusho Philips, founder/CEO, Philips Consulting, as special guest including Mr. Peter Bankole, Director, Enterprise Development Centre of Pan African University, Bunmi Lawson, CEO, Accion Microfinance Bank, Omotola Fawunmi, CEO, Project Stretch.

    Others included Tracey Webster, CEO, Virgin Unite Africa & Branson Centre for Entrepreneurship, South Africa, and a host of others.

    According to Adeboye Abioye, the founder of Theseabilities Limited, “The aim of the summit is to create awareness about liabilities that people with disabilities, and to help grow awareness from the cooperate environment, and to create a networking platform for people with disabilities to make them leaders of the cooperate sectors. It is also an opportunity for people with disabilities to meet themselves so that they can know they are not alone.”

    He added: “There are whole lots of people that are struggling with the same problem, but having a disability is not the end of the world.”

    In her keynote address, the Managing-Director, ACCION Microfinance Bank, Mrs. Bunmi Lawson said there are more abilities in disabilities, citing the para-olympians as examples.

    While explaining the modus operandi adopted by her firm, she said Accion provides funding support for entrepreneurs who have the commitment, passion to start and grow their business, irrespective of their status.

    “Once you have the determination, creativity, and what it takes to be an entrepreneur, we are always here for you to give you all that helping hand, because there are more abilities in your disabilities”, she said.

    In his remarks, Philips said Nigeria is a great country that has great people and that nobody is ever truly disabled, adding: “Entrepreneurship roles are created for people with disabilities because the corporate bodies cannot employ them. I believe there are opportunities for everyone who has made the decision to find something doing and not waiting for the government to do something for them. Try to appreciate the fact that you are better and don’t ever feel disabled.”

    Tracey Webster urged various organisations and corporate bodies to come together and partner with the disabled who have made up their mind to go into various businesses. As all they need is their support.

    For Webster, “coming to Nigeria all the way from South Africa to speak to people with disabilities is one of my dream come true.”

    Expatiating, she said: “The whole concept of entrepreneurship is open to anyone, whether able or disabled. You all have every characteristic a normal human person who is into entrepreneurship has. There are so many things you can do. It has nothing to do with your disabilities, it’s about that idea that you have got. Entrepreneurship is looking for that idea to find or create wealth. I believe the solution to unemployment is entrepreneurship. By supporting entrepreneurs to grow their business we are giving more people the opportunity to get jobs.”

  • African leaders for economic confab November

    African leaders for economic confab November

    ALL is set for the 7th edition of the African Economic Conference slated for Kigali, Rwanda, from October 30 to November 2.

    Leaders and scholars from Africa and around the world will gather in Kigali, to debate the continent’s prospects for sustainable and inclusive growth in the context of the international economic crisis, Organised each year by the African Development Bank (AfDB), the Economic Commission for Africa (ECA) and the United Nations Development Programme (UNDP), the 7th edition of the African Economic Conference will be held in Kigali under the theme “Inclusive and Sustainable Development in an Age of Economic Uncertainty.”

    Africa has grown strongly over the last decade. Having weathered the economic crisis, the continent’s average growth is expected to rebound to 4.8 percent in 2013.

    The conference will examine the possibility of pursuing these objectives in the face of a worsening international economic environment, volatile food and fuel markets, and falling levels of exports, remittances and official aid.

    “African policy-makers are by and large continuing to realise their quest for growth and improved well-being in their countries,” said Donald Kaberuka, President of the African Development Bank.

    “However, in a difficult international environment, the question is how to meet the investment requirements to continue to forge ahead.”

    Participants will examine the key drivers of growth in Africa. With 50 out of 55 countries in the region producing or exploring for oil, the conference will look at the possibility of using profits from extractive industries to spur economic diversification and investments in social capital and human development.

    “African leaders should seize the opportunity to use the continent’s immense natural wealth for the benefit of their people,” said Helen Clark, Administrator of the United Nations Development Programme.

    “Inclusive growth starts with economic transformation. It means opening up the economy so that people can be in the driver’s seat.”

    The conference will be opened by HE Paul Kagame, President of Rwanda, UNDP Administrator Helen Clark, Donald Kaberuka, President of the African Development Bank, and Carlos Lopes, Executive Secretary of CA.

  • Teaming lessons from Johannesburg

    Teaming lessons from Johannesburg

    The end was finally here. Ten strangers stood up to leave, but not before exchanging hugs, business cards and some homemade jam. As last words of appreciation and revelation filled the room, some of these compatriots were shaken by strong currents of emotion that washed over them. They were happy to be returning to their normal lives, yet sad because somewhere deep inside they wondered if they would ever see each other again. They had come to know, support, learn from and laugh, bond and have fun with each other, over the past four days. At that moment, these ten strangers, if they had desired it, could easily and successfully have taken on the world as a collective.

    This was the scene at the end of my four-day Insights Discovery Licensed Practitioner Accreditation Programme in Johannesburg. I was struck by the fact that there was more sharing, caring, support, learning and authenticity in those four days than I have had in some of the corporate teams that I have spent years with. In less than a week, we had established more intellectual and emotional connections than most teams see in years. There were no “rights” or “wrongs”; no good or bad; no winners or losers – only individual differences that flavored the learning experience with richness that benefitted everyone. It is this experience with my nine South African colleagues that inspired me to dedicate this week’s article to the concept of “Winning Teams.”

    A team can be described as a group of people coming together to achieve a common objective. Every team is a group but not every group is a team. The challenge in many organisations is the illusion that they have teams, when what they really have are groups of people who never truly evolve into teams, much less transform into “Winning Teams.”

    My definition of a winning team is, “A defined set of individuals, with complementary behaviours, executing interdependent tasks in a deliberate manner, unified by their commitment to common objectives and achieving a heightened state of collective performance that is superior to the sum of their individual results.”

    I recognise that this is a fully loaded definition that requires some “unpacking.” So, let me break it down.

    1. A team is a defined set of individuals. There must be a high degree of distinction between those who are part of the team and those who are not. It is essential to know who matters and who does not. Imagine a competitive football game in which members of both teams wore the same jersey and wore masks to hide their faces. How would a player know who to pass the ball to and who to support? A team must have borders that allow it to define and sustain its identity.

    2. Members of a team exhibit complementary behaviours. They act in ways that complement each other and their actions when taken together form a complete and balanced whole. In a team, members supply each other’s needs and make up for what is lacking in one another. In order to accomplish this, there must be a high degree of self and interpersonal awareness that leads to mutual respect and valuing.

    3. Members of a team execute interdependent tasks. There is a high degree of mutual dependence that exists between the tasks to be accomplished in team settings. Consequently, teamwork is essential for teams to deliver great results. There must be a high degree of responsibility and accountability between team members because of the high degree of interdependence. No single task on its own can accomplish the desired objectives.

    4. Members of a team work in a deliberate manner. Team members carefully and thoughtfully weigh their actions and consider the impact those actions have on team members and team results. They execute their responsibilities within the team in a purposeful, premeditated and voluntary manner. They are fully engaged and fully plugged into what needs to be done to accomplish the team’s goals.

    5. Members of a team are unified by common goals. This is what transforms a collection of people into a team. Without common purpose, there is no alignment, focus, accountability or integrity within the group. When members do not buy into the collective vision, the energy and resources of the group which could have been applied to create synergies and leverage are, instead, dissipated i.e. is wasted or squandered. Commonality of goals implies that there are no hidden agendas.

    6. Team results must be superior to the sum of individual parts. At the heart of teamwork is the belief that individuals are able to achieve higher levels of performance and outputs when they cooperate, than when they don’t. Teams give members the opportunity to focus and specialize in what they know how to do best. A winning team is a team that is able to deliver results that exceed what its members can achieve working alone.

    Is your team a winning team or are you just pretending to be one?

  • Nigeria fails to meet IPSAS deadline

    The Federal Government has disclosed that the country has failed to meet the 2012 deadline for the adoption of the International Public Sector Accounting Standards (IPSAS).

    By this development, Nigeria has vowed to adopt the public sector accounting standards unfailingly next year.

    While addressing the 75th executive council meeting of the Association of Accounting Bodies In West Africa (ABWA) held over the weekend , the Accountant General Of the Federation, Mr. Jonah O. Otunla, admitted that Nigeria has failed to fully adopt IPSAS this year as earlier planned.

    This development, he said, was embarrassing, considering that neighbouring African countries like Ghana, Benin Republic, and Liberia have beaten Nigeria to fully adopting IPSAS.

    Mr. Otunla added that it was necessary to adopt IPSAS because “it is a must for every country to adopt it and my interaction with other countries has given me the impetus to join IPSAS.” He said that the country will fully adopt IPSAS next year.

    The Accountant General noted that although there are challenges in the process of adopting IPSAS, his office was handling the issues and that whatever challenges they are facing will have to be overcome.

    Mr. Otunla said as the President of the Forum Of Accountants-General and Auditors General in West Africa (FAAGWA),”my priorities is the re-activation of the Forum and in this direction, a committee is already working out modalities for the hosting of the Executive Council Meeting of the forum in the last quarter of this year.”

    Amongst other things, Mr. Otunla noted that the council “will deliberate on how to strengthen financial commitment of members in terms of paying of annual subscriptions and donations to the forum, fashioning out an elaborate agenda for a meeting of the General Assembly of the forum and sensitisation of members on the need to show more commitment to the forum.”

    On the achievement FAAGWA has made towards achieving its vision, Mr. Otunla said FAAGWA has “commenced the development of professionalisation scheme for Accounting and Auditing Staff and has commenced the training of Public Financial Management(PFM) students using the CIPFA/ICAN syllabus in 2013 with over 45 students.”

    Mr. Otunla said the Executive Council meeting was necessary to know”the extent of internalisation of the IPSAS in Ghana and Benin Republic and the readiness of other member-countries in its adoption.”

    He concluded by saying the meeting was all the more necessary because “it is a way of bringing accountants in the continent together to harmonise their thoughts, abilities and feelings.”

  • Why Nigerian professors don’t venture into business

    A former lecturer at the University of Lagos and Chief Executive Officer, Epina Technologies Limited, Professor E.P. Oaikhinan, has adduced reasons as to why most Nigerian-trained professors find it difficult to set up business ventures.

    The don gave this insight at a public forum in Lagos during a talent management session.

    According to him, the background of most of the university professors is partly to blame for their disinterest in business enterprise.

    Majority of them, he stressed, hardly ever expand their scope course of study or even acquire new skills set, thus limiting their chances of succeeding in any meaningful business.

    “Everybody has a talent but until these talents are coupled together, it will be very difficult for the country to develop,” he emphasised, adding, no organisation can grow unless it strives to harness the talents of its workers, irrespective of its status.

    Thankfully, Oaikhinan said he has been able to fit into the business world because he did not narrow himself while studying engineering, unlike the professors who narrowed themselves into their engineering field.

    He said abroad, while studying engineering, a student was also made to take a 30 per cent of the curriculum in socials sciences, “whereas in Nigeria , you have only three units engineering management in one semester, if you go through school system you will not be interested in business.”

    He said as a lecturer, he tried to introduce business in engineering but it was not accepted.

    Oaikhinan who is currently into management coaching at the workplace, stressed the need for team coaching since to him, it is the antidote to most problems in the workplace.