Tag: 6

  • Sibanye-Stillwater may cut 6,000 jobs

    THE Kenya Electricity Generating Company plans to raise funds from the market later this year and may opt to issue the country’s first green bond, its chief executive said.

    KenGen has a 1,631 megawatt annual capacity and supplies 70 per cent of the East African nation’s electricity. Private investors hold 30 per cent of the company while the rest is held by the state.

    Rebecca Miano, KenGen’s CEO, said the company would go to the market once it redeems its 10-year, 25 billion shillings ($250 million) bond in October.

    The bond was heavily oversubscribed when it was issued in 2009.

    “Our finance people are burning the midnight oil to look at the possibilities,” she told Reuters in an interview late last Wednesday, without giving a figure for the target amount.

    “The team is looking at asset backed securities, they are also looking at green bonds.”

    The so-called green bonds help to finance projects in the renewable energy, energy-efficiency, green transport and wastewater treatment sectors.

    Kenya’s capital markets regulator is set to unveil regulations for private issuance of green bonds next week, paving the way for the first issue.

    Although Kenya has high consumer electricity tariffs compared with countries like Egypt and South Africa, the government’s policies had boosted investment in the sector, Miano said, helping it to avoid blackouts or schedule cuts.

    “Kenya was among the first countries in Africa to liberalise generation and it has its own advantages. You have many players and it brings competition… you have adequate power,” she said.

    KenGen has shifted its strategy in recent years to focus on renewable energy in order to reduce the risk posed by its hydro generation dams, which are normally susceptible to a drop in production when the rains fail.

    Geothermal steam, hot underground steam found in the Rift Valley, which is used to drive turbines for electricity production, accounts for nearly a third of the firm’s annual production, Miano said.

    “Our geothermal-led strategy is bearing fruit,” she said, adding the company was developing capacity for an extra 720 MW in the next four years to 2022.

    The new plants being developed are mainly in geothermal with one plant, with a capacity for 80 MW, being in wind.

    KenGen paid a dividend to shareholders for its year ended last June, breaking a two-year dividend drought associated with the costs of building the new geothermal plants and installing additional capacity in existing plants.

    Miano said shareholders might secure additional dividends in the future.

    “The outlook is positive because we have projects that we are implementing that will increase our business and we do hope that the board will continue (recommending a dividend),” she said.

  • 6,462 benefit from N5.22bn LSETF loans

    No fewer than 6,462 persons have benefited from N5.22billion loans under the Lagos State Employment Trust Fund (ETF), Commissioner Wealth Creation and Employment Mrs Uzamat Akinbile-Yussuf said yesterday.

    The beneficiaries, she said, were residents with proven business ideas.

    Mrs Akinbile-Yussuf said the initiative was designed to grow the economy and create jobs through provision of credit facilities with minimal interest.

    She spoke at the ongoing briefing by ministries to mark the third anniversary of the Ambode administration.

    The commissioner said the amount so far disbursed constituted a huge part of the N5.98billion approved for 8,229 beneficiaries since it began disbursement last year.

    The ETF is an initiative of the Ambode administration through which N25 billion is earmarked to be disbursed in four years to provide entrepreneurs, artisans, traders and others with capital to boost their businesses and reduce unemployment.

    Mrs Akinbile-Yussuf said: “In fulfilment of the Lagos State Government’s mandate, the fund has now disbursed N5.22billion to 6,462 beneficiaries, out of the approved loans totalling N5.98billion for 8,229 beneficiaries received. The ETF board approved N627,053,826.15 loans for 643 beneficiaries under the batch four of the scheme, while 5, 813 beneficiaries in batches five, six, seven and eight received N924,696,671.00, N979,704,570.31, N443,859,457.60 and N1,013,485,058.69 respectively.

    “For batch one of 2018, the Board approved N492,798,560.90 for 1,753 beneficiaries. The successful applicants have been contacted to meet the conditions that precede the disbursement of their loans.”

    She said as part of efforts to encourage start-ups in innovation and technology, the government launched innovation-driven enterprise programme tagged: “Lagos Innovates” where access to high quality infrastructure, learning and networks were provided.

     

  • 6,512 Boko Haram detainees, toddlers in custody, says panel

    Secretary to the Government of the Federation Mr. Boss Mustapha on Tuesday received the final report of the Presidential Committee on Special Detainees linked to Boko Haram Insurgency.

    The report indicated that 6,512 detainees, including toddlers who followed their mothers, were detention.

    A statement by Director, Information, Office of the Secretary to the Government of the Federation (OSGF), Lawrence Ojabo, said the five chapters, 47-page report contained detailed information on detainees’ profiles and categorisation.

    Receiving the report from the committee chairman, Gen. Abdullahi Bagudu Mamman, the SGF, who was represented by his Permanent Secretary, General Services Office, Olusegun Adeyemi Adekunle, hailed the committee for their painstaking efforts and for doing a good job.

    He lauded Minister of Interior, Lt.-Gen (rtd) Abdulrahaman Danbazzau for initiating the committee and the idea of looking into the welfare of the detainees.

    He noted the urgency expressed by the committee’s chairman on the aspects of international relations, inadequate infrastructure and human rights of the detainees.

    The report, Adekunle said, would be forwarded to the President for his action.

    Gen. Mamman (rtd) said the committee was inaugurated in December 2016 with the mandate of profiling and categorising the Boko Haram detainees in the various detention prisons across the country.

    According to him, some detainees had spent up to nine years awaiting trial.

    He called for justice for suspects who might be innocent.

  • 6,199 operation Lafiya Dole  officers promoted

    6,199 operation Lafiya Dole officers promoted

    The Chief of Army Staff (COAS), Lt.-Gen. Tukur Buratai, has approved special promotion of 6,199 soldiers serving in Operation Lafiya Dole.

    The Director of Army Public Relations, Brig.-Gen. Sani Usman, who spoke in a statement, said Buratai gave the approval yesterday.

    Gen. Usman listed categories of beneficiaries as:

    Staff Sergeants to Warrant Officers – 329 Soldiers, Sergeants to Staff Sergeants – 371 Soldiers, Corporals to Sergeants – 707

    Soldiers, Lance Corporals to Corporals – 1,290 Soldiers; Privates to Lance Corporals – 3,502.

    The statement added that Gen. Buratai congratulated the officers and urged them to increase the tempo of the ongoing clearance operations of insurgents in the Northeast.

  • FG to demarcate 6,000km cattle routes in 2017

    FG to demarcate 6,000km cattle routes in 2017

    The Federal Government is in the process of  demarcating  6,000km cattle routes across the country this year,the  National Coordinator, Grazing  Stock Routes, Federal Ministry of Agriculture and Rural Development, Mahmud Bello, said yesterday.

    Bello told the News Agency of Nigeria at  Mararaba Dajin, Tafawa Balewa Local Government Area of Bauchi State that the federal authorities’ efforts  will be complemented by those of the state and local governments.

    “We are going to provide 6,000 kilometres of cattle routes across the country; we are going to open the primary routes first, while the state and local governments are expected to launch the secondary routes,” he said.

    “By the time we identify the primary stock routes, being frequently used, we will develop them.

    “All the same, all the states may not have an equal share of the routes; Bauchi may have 200 kilometres and Plateau may have 50 kilometres but we are going to spread it.”

    The cattle routes,according to him, are designed  to  boost livestock production.

    He said  crop farming has benefited a lot from the agricultural policies of the previous administrations adding that the ministry wwill  also improve the genetic resources of the indigenous cow, which was currently producing 1.5 litres of milk per day, to enable it to produce 25 litres of milk per day.

    The  new plan is to  prevent people, particularly farmers, from encroaching into stock routes, grazing areas and selling those areas that have been mapped out as graving reserves since 1962.

    Bello said that dams, boreholes, grazing reserves, stock routes and other facilities, which the government had earlier provided for the pastoralists, would be handed over to them for optimal utilisation.

  • 6,000 die from 10,000 road crashes in 2016, says FRSC

    Six thousand persons died from 10,000 road accidents recorded in 2016, the Federal Road Safety Corps (FRSC) has declared.
    Ogun State Sector Commander Clement Oladele stated this at the 10th anniversary of Temidayo Ogan Child Safety and Support, TOCSS Foundation and premiere of a new movie on road safety ‘Amigas’ in Ikeja, Lagos at the weekend.
    Oladele also revealed that accident rate had gone down drastically in the country because of the pro-activeness of the Corps.
    On speed limit device, he said the FRSC had impounded about 5,700 vehicles in Ogun State in two months for not installing the devices in their vehicles.
    Oladele said the Corps normally arrests an average of 100 commercial vehicles per day since 1 February, 2017 when the speed limit enforcement commenced.
    He said the penalty for not having speed limit device was a fine of about N3, 000, saying that the FRSC was determined to enforce the law to the letter.
    Executive Director, TOCSS Foundation, Temidayo Ogan, said the foundation had been self-sustaining all through its 10 years of existence, as it had continued to grow in leaps and bounds.
    She charged parents and wards to ensure their children were strapped to seat belts or booster seats while driving.

  • Madeline Berah, the African DETECTIVE In The Missing Government Papers (6)

    The inspector leaned back. ‘And what did your observing eye tell you in this matter?’ I thought I detected sarcasm.

    If Aunt Deline heard it too, she ignored it. ‘First, I observed many lapses in the news report. Our journalists are getting lazier and lazier. In my days, the report would have included all the details concerning the matter rather than the hazy sketches we were given. I determined therefore to fill in the gaps myself. I got to the secretariat at half past eight, early enough to find workers on their seats. You know yourself most of them don’t get to their work places on time, especially those higher up.

    ‘The block itself, one of several similar ones, was about five stories tall, once-upon-a-time cream coloured but now somewhere in between rain-washed grey and dust-inspired brown. Did you know that the buildings that make up the secretariat are lined up, one after the other, in a slanting fashion like people slanting sideways to take a photograph?’

    ‘Everyone knows that. Tell me something I don’t know because I have been there myself on this matter,’ replied the inspector testily.

    ‘Well,’ replied Aunt Deline equally testily, ‘if you’re patient, you will eat the fat of the land. When I climbed to the fourth floor, I came out of the staircase and found myself on a balcony looking directly down on the street below. The first office I turned to was quite wide, bare-floored with many spaces where the flooring had given way to the sand used for the construction. Ugh! Come and see sand everywhere! Imagine, in a government building. No standards anymore.

    ‘Anyway, about four tables were placed in the room, not arranged in any particular order, if you don’t count someone’s whim not to face the sun or to back an incoming visitor. The tables were all occupied by some buxom ladies in various stages of weight wear, plying their figures with more food from plastic food flasks. I give you all these details so that you can have an idea of what I observed.

    ‘They all said I should come and eat. I told them no thanks, I did not really like what they were eating. I preferred something lighter.’

    ‘What were they eating?’ I asked.

    ‘Rice, beans and dodo; so early in the morning too. Strangely though, when I asked to be directed to the office of the permanent secretary of the education ministry, they looked at each other before one of them replied. “It’s the last office on the top floor.”

    ‘But I heard them laughing as I went out of earshot. I distinctly heard one of them say: “Did she think we were really asking her to come and eat, when it’s not government food? Some people think everything in the government building is for the general public to eat.” I said nothing to them however.

    ‘When I entered the office I had been directed to, I found the room empty. It was furnished rather sparingly, even though it was a large room. There was a large desk looking directly at the door from the right corner adjacent to a door that obviously opened to another room inside. I decided that that must be the permanent secretary’s office.

    ‘There was a smaller table at the far corner of the room, with several chairs arranged in front and behind it. I took the chair nearest the door, and sat down to wait.

    ‘Five minutes later, a big, dark-complexioned woman came in hurriedly. Running behind the large desk, she quickly removed a large, brown envelop from her bag, pushed it to the back of the top drawer, before she made to stow the bag inside a drawer.

    ‘That was when I spoke. I said ‘Excuse me …

    ‘The way she jumped had me suspecting something. She had not known anyone was in the room with her. Her face looked cross as she looked first at the door before finding the source of the sound. As a matter of fact, the face seemed to be hiding some pain. Her eyes were a slit, even though the entire face and mouth were wide, yet you could see sadness and hopelessness lurking around the eyes that she vainly tried to hide in haughtiness… She looked at me and spoke roughly.

    ‘ “What do you want early this morning?”, she snapped. “Are you here to beg for a contract?”

    ‘I thought this was rather rude but I did not say so.

    ‘No’, I replied instead. ‘I’m here to see the permanent secretary’.

    “For money?” she asked.

    ‘No’, I coolly replied. I decided to try a shocker of my own. ‘I woke up this morning and found I had no husband, so I’ve come to see if he will fit into the role.’

    ‘Auntie!’, I exclaimed. She was not contrite. ‘It’s true; you have to really give Nigerians what they deserve before you can get anything out of them.’

    ‘Anyway,’ she continued, ‘the woman relaxed a bit before saying “He’s not here yet, he’s attending a meeting this morning at the government house.”

    ‘When can I meet with him then?’, I asked her. “Maybe you can come back in the afternoon. Maybe he would have come back by then” she replied.

    ‘When I got up to leave, I said to her: ‘Maybe I don’t want to see your boss yet. Maybe by afternoon, I will feel like it. In the meantime, when he wakes up and calls you in, tell him that Dr. Berah was here to see him and will return at two o’clock. By the way, I told her, you also need to get some sleep.

    ‘As I went out of the door, I had the satisfaction of seeing her wide mouth open wider. As I left, I heard the bell ring from inside the room and I saw her jump again before she went in.’

    The inspector was impatient. I was too. ‘So, where are the papers?’

    ‘There, in the office. I intend to go back first thing in the morning to retrieve them.’

    ‘Oh yes, the one the secretary was holding. I’m coming with you,’ the inspector declared.

    ‘So am I,’ I said.

    ‘Suit yourselves, although I’m not sure it’s that envelope exactly. But we can find out tomorrow’, Aunt Deline said. Then she leaned back in her chair and began to talk about other things.

    Next morning, which was a Friday, we were shown into the office of the permanent secretary by his secretary. Aunt Deline was right; the woman’s face was a little long and the mouth was firmly shut. Her eyes looked sad and it was clear that she was harbouring some pain.

    It was also clear that the man himself had had a rough night. Much as his office was comfortable, I didn’t think it had been designed for sleeping in. The couch looked big all right, black, fully upholstered, leather-clothed and all (false leather yes, but comfortable). Judging by his uncombed hair, half-closed eyes, tightly held lips, it was obvious the rough night was spent on the couch. I could swear his print was still visible on it.

    He welcomed us solemnly and shook hands with the inspector languidly. We took our seats on the same couch. He paid us a distracted attention, constantly flipping over papers on his desk, obviously still searching for his papers. But Aunt Deline jolted him into paying us full attention.

    ‘We have come about the missing papers.’

    You could almost hear him snap to. I really pitied him. ‘Do you know where they are?’, he asked suddenly and quietly.

    ‘I do, but first, you have to tell us the whole story.’

  • DIG, CPs lead 6,000 policemen for poll

    DIG, CPs lead 6,000 policemen for poll

    The Inspector-General of Police (IGP), Mr. Solomon Arase, has assured the people of Kogi State that the police will secure life and property before, during and after the November 21 election.

    The IGP, who spoke at the Governorship Election Stakeholders’ Forum organised by the Independent National Electoral Commission (INEC), said the police and other security agencies would ensure a violence-free poll.

    The programme, held at the Reverton Hotel, Lokoja, was attended by the INEC Chairman, Prof. Mahmud Yakubu.

    Others included the Kogi State Resident Electoral Commission (REC), Mr. Halilu Pai, a representative of the Director-General of the National Youth Service Corps (NYSC), representatives of the 22 parties, monarchs, civil society groups and the public.

    Arase assured the parties and their candidates of a level-playing field, adding that it would be peaceful.

    He said Kogi poll was a litmus test for others, noting that President Muhammadu Buhari made it clear that the votes of Nigerians must count.

    The police boss said one Deputy Inspector-General of Police (DIC), three commissioners, one to be posted to each of the three senatorial zones and one unit of mobile policemen would be deployed in each of the 21 local governments, in addition to the over 6,000 regular policemen on ground.

    He warned those who might have illegally procured or sewn police or army uniform that it was an exercise in futility, saying all officers on electoral duty would be identified.

    Arase admonished the officers not to escort ‘VIPs’ to the polling booths, noting that they were not authorised to monitor the election.

    He said there would be inter-local government restriction of movement, adding that the police would work with the Federal Road Safety Corps (FRSC) to ensure compliance.

    The police chief said there would be no scared cow. “Those who dare the police will not be spared.”

    The INEC chairman said the commission would conduct a free, fair, credible and acceptable election.

    He said 1,351,313 voters were eligible to vote on Saturday, adding that the commission recruited over 13,000 ad hoc officials to work in the 3,018 polling units.

    Prof. Yakubu said the commission detected over 2,300 double registration and that the figure would be removed from the voter register.

    He said as part of efforts to ensure a hitch-free exercise, the commission would deploy three national commissioners and 11 state commissioners for the election.

  • 6,000mw coming, says osinbajo

    6,000mw coming, says osinbajo

    Vice President Yemi Osinbajo, has said the Federal Government had plans to distribute 6,000 megawatts of electricity in the country by the first quarter of next year.

    According to a statement by Mr Laolu Akande, the Senior Special Assistant on Media and Publicity to the Vice President yesterday, Osinbajo spoke at Kaleta, Guinea, on Monday at the inauguration of a 240 MW Hydro-power plant.

    The event, where Osinbajo represented President Muhammadu Buhari, was part of the activities marking Guinea’s 57th Independence anniversary taking place on October 2.

    The Vice President praised the vision of the Guinean President, Prof. Alpha Conde, noting that the inauguration of the power plant was a “monumental accomplishment” in a short time.

    “It shows what can be done with commitment and vision,” he added.

    The 240 MW Hydro-power plant in Kaleta was built to serve mainly the people of Conakry, the nation’s capital city.

    The release noted that the event was witnessed by the Presidents of Congo and Niger, Denis Sassou Nguesso, and Mohamadou Issoufou, respectively.

    It added that there were also representatives from the governments of China, France and the United Arab Emirates, among others.

    The Vice President returned to Abuja after the ceremony.

     

  • 6,000 viewers watch Eko 2012 online —LOC

    No fewer than 6,000 viewers from 45 countries are watching the ongoing 18th National Sports Festival (NSF) online, a consultant with the Local Organising Committee (LOC), has said.

    Mr Bayo Okunowo, the Product Manager, Crown Interactive Ltd, said on Friday in Lagos that the UK and the U.S. recorded the highest number of viewers outside Nigeria. The News Agency of Nigeria (NAN) reports that Crown interactive is a service aggregation company that is in partnership with the LOC of “Eko 2012’’ sports fiesta to stream live actions of the games. The games were being streamed on Vodstreet web-portal, a multi-screen internet television platform which widens consumer reach and increases access to a worldwide audience.

    “As at December. 6, 881 Nigerian viewers have watched the games; UK has 147 while U.S. has 99 viewers. Countries where viewers have watched the games are Turkey, Austria, India, Italy, India, Italy, Spain, France, Canada, Ghana, Germany, Netherlands, Sweden, Ireland and host of others. We are pleased to inform you that no fewer than 6,000 viewers from 45 countries have watched the Eko 2012 games so far,’’ he said.

    Meanwhile, the full marathon race for the festival would commence on Saturday from Funsho Williams Avenue at 7. am.

    The race would course through the Eko Bridge, Apongbon, Marwa Ring Road (CMS) and some notable landmark areas before terminating at the Teslim Balogun Stadium in Surulere.