Tag: lagos

  • Lagos, FRSC join forces against  traffic gridlock

    Lagos, FRSC join forces against traffic gridlock

    Lagos State Ministry of Transportation is to partner the Federal Road Safety Corps (FRSC) to ease traffic gridlock.

    Towards the end, a team comprising the Vehicle Inspection Services (VIS), the Lagos State Traffic Management authority (LASTMA) and FRSC officials will hold joint patrol.

    Special Adviser to the Governor on Transportation, Prince Anofiu Elegushi told FRSC Lagos State Sector Commander Hyginus Omeje in his Alausa, Ikeja office yesterday, that managing traffic in Lagos required all related agencies to work together.

    He said many motorists did not have valid papers, adding that the government is receptive to ideas on traffic management.

    Transportation, he said, was at the heart of the state’s economy and cannot be taken for granted.

    The Special Adviser urged drivers and commuters to exercise patience on the road.

    Omeje said the joint patrol team would check the quality of vehicles on the road and ensure compliance with traffic and other extant laws.

    He called for an expansion of the state security council to include other agencies, such as FRSC as is the case in Edo State.

    Omeje advocated the establishment of mobile courts to those arrested by the patrol team.

  • Lagos assures judges of prompt salary payment

    Lagos assures judges of prompt salary payment

    Lagos State Government yesterday assured customary court judges of prompt payment of their salaries, henceforth.

    Attorney-General and Commissioner for Justice Adeniji Kazeem made the pledge at a workshop for the Judges.

    The theme of the workshop, organised by the Lagos State Judicial Service Commission (LSJSC), was: “The role of customary court judges in the nation’s judicial system.”

    Kazeem, represented by the Solicitor-General and Permanent Secretary of the Ministry of Justice, Funmi Odunlami, said the government was aware that local governments have not been paying judges regularly.

    This, he said, was capable of dampening judges’ morale.

    The commissioner said: “The state executive council is looking into ways of putting a stop to such morale dampening treatment and it shall soon come up with a lasting solution”.

    Lagos Chief Judge Justice Olufunmilayo Atilade, represented by Justice Taofikat Oyekan-Abdulai, described the state as a pace setter in justice administration, urging the judges to always uphold the truth.

    Justice Atilade, who reminded the judges that customary courts have limited jurisdiction, counselled them to dispense justice fairly and without fair or favour.

    She said the people’s tradition should guide them when dispensing justice as they are not to apply common law in all the cases before them.

    LSJSC Executive Secretary Mrs Ayodele Odugbesan urged local governments to ensure prompt payment of the judges’ salaries.

    She noted that contrary to the council’s expectations, courts are not revenue generating institutions.

     

  • Lagos, the Black capital of the future

    Lagos, the Black capital of the future

    Among the many sins of the Black people, none stands out more conspicuously than their inability to build or sustain durable nation-states.  Only very few African nations are sustainable in their current configuration.  In western diplomatic circuits, the standard joke is that Africans don’t do nations. As proof, they point to the sorry mess on the continent and out of the continent in Haiti where the African psyche finally overwhelmed African heroism.

    In the more extreme version of this Afro-dismissal, the entire continent is seen as being merely there to make up the number. As a writer famously put it, humankind first evolved in Africa, but they have not continued to do so there. In such circles, Africa is seen as a historic digression and Africans an evolutionary bye-pass in the course of human evolution.

    It is a scary proposition, this thesis that shuts out a whole race and the founding continent of humanity. One of the debilities pointed out is the inability of African nations to create and configure modern institutions that will sustain and nurture the neo-colonial state foisted on the continent and its people by imperialist conquest and subjugation. Needless to add that this sin flows from the original sin, the colonial contraptions foisted on Africa in the name of nations, or what Basil Davidson has famously described as the Blackman’s burden.

    If we discount the use of illness as an alibi as newly perfected by Nigerian elites when the law catches up with them, the greatest sin of Africa’s post-colonial elites is their inability to create and sustain great cities and megalopolis which will serve as a cultural, economic and technological hub for the rest of the nation and the continent at large.

    In what is now a celebrated encounter with the Lagos epic gridlock, The Economist correspondent put the blame for the resumption of traffic anarchy on the streets of Lagos on the incompetence and inadequacies of the new governor, Akinwumi Ambode, who in his estimate has so far been unable to match the proactive vigour and sheer reforming energy of his immediate predecessor.

    It is possible that the correspondent of The Economist wrote out of turn and out of anger without doing his research or homework. He did not bother to find out what was actually going on. This has brought a gale of furious recriminations accusing the iconic London magazine of neo-colonial journalism. Taken together, this is just as it should be, for it shows that many Nigerians are bothered about the state and condition of the greatest conurbation of black people anywhere in the world.

    The best way to go is to tackle the matter from the root in order to show why Lagos matters to Nigeria and to Africa and the black person.  Are Africans truly incapable of creating and sustaining great cities? If we insist that early European explorers of the fifteenth and eighteenth century spoke of the wide well-paved streets of Ilesa, the neat perpendicular avenues of Benin and the sprawling amphitheatre of old Oyo town, it may be dismissed as foolish romanticization.

    But the fact remains that when the Portuguese adventurers arrived at the old Kongo kingdom around present day Angola around the middle of the fifteenth century, they met a political organization and social structure at par if not superior to the one they left at home. They loitered around a bit hoping to have a glimpse of the mighty army that underwrote the flourishing kingdom. Alas, old Africans didn’t do matching military either. And since God marches on the side of the bigger battalion, virtually all the inhabitants of the kingdom were captured and transported to the new colony of Brazil through the slave port of Luanda.

    In the event, the old kingdom was to suffer three different types of colonial rationalization: Portuguese, French and Belgian. There can be no bigger recipe for millennial disorientation and dysfunction. In his leopard cap and resplendent costume complete with barbers daily imported to Gbadolite from Paris, Joseph Mobutu reminded one of the old Belgian minister of the interior famously captured in Conrad’s The Heart of Darkness who superintended the systemic brutalization of a race while being elegantly and nattily turned out. Yet by 1901, the indigenous city state of Abeokuta had solved the problem of sanitation and peaceful order.

    There is a sense then in which it can be argued that Lagos is the once and future capital of Nigeria, nay of Africa and the Black race. We do not mean capital in the pedestrian capitalist modernist sense but in the sense of a cultural, economic and technological hub of a nation, a continent and the whole Black race.

    This is why Lagos means so much to many, with the astral aura of greatness as an authentic African megalopolis hovering over it. It should be noted that Lagos did not start out as the capital of amalgamated Nigeria and neither has it ended up as the commanding capital of a harshly unitarist nation. But there can be no doubting its continuing relevance as the cultural, technological and economic powerhouse of the nation and indeed tropical Africa as a whole.

    There are at least three other great African mega-cities that could have served the same purpose: Cairo in Egypt, Johannesburg in South Africa and Kinshasa in the Democratic Republic of Congo. But while Johannesburg lacks an authentic African feel, Cairo is hobbled by religious and cultural constraints whereas the sprawling anarchic human conurbation of Kinshasa has unraveled under the strain of a thriving kleptocracy and endemic political disorder.

    Lagos seems to have been specially prepared for its destiny. Originally a flourishing fishing, trading and farming outpost, the modern name was a Portuguese reenactment of home abroad. The city has since grown exponentially taking in mammoth waves of settlers as it survived colonial slave raiders, a civil war, colonial bombardment and a protracted intellectual, political and cultural duel between its coastal elites and the colonial authorities fought out in pamphlets and newspapers which shaped and defined its character and possibilities as a Black Mecca of freedom and enlightenment.

    With its Yoruba and later Benin nucleus and influx of Nupe settlers, Hausa traders, Brazilian returnees, Sierra-Leonean recaptives, West African fortune-seekers and the Igbo people, this colonial and post-colonial hybridity has helped to foster a sense of oneness and belonging for all bar a few hiccups arising from competition for increasingly scarce resources. This delicate mix should not be overturned in the name of ethnic jingoism or cultural revanchism.

    No other African metropolis can boast of this kaleidoscopic potpourri. This is why Lagos has set the pace for the rest of the country, whether it is colonial politics, the decolonizing project, fashion, music, literature and post-colonial razzmatazz. The most iconic picture one can boast of is that of the late regally resplendent Oba of Lagos, Adeyinka Oyekan circa 1966, waltzing with the famous Caribbean singing diva, Millicent Small. It was a class act at the summit of sophistication and culture.

    Also as if by some divine or mystical coincidence, Lagos parades an illustrious gallery of former military and civilian rulers: from Mobolaji Johnson, the late Navy Commodore Lawal, the indefatigable Admiral Godwin Ndubuisi Kanu, the iconic Lateef Jakande to the late Air Commodore Gbolahan Mudashiru. But it is with the advent of the Fourth Republic and the financial wizardry and modernizing genius of Bola Ahmed Tinubu that Lagos finally came into its own in terms of breakneck development consolidated by his tough and doughty successor, Babatunde Raji Fashola.

    This is where the current Governor, Akinwunmi Ambode, has his work cut out for him. If he appears slow and tardy in coming away from the starting block, if he appears to have been remiss in darting away at the sound of the referee’s whistle , it may well be because the methodical accountant in the governor has been taking  a mental and fiscal audit of the Lagos project in its entirety. The truth also is that the Lagos APC command centre which ought to have nudged the governor appeared to have been distracted by the protracted and unproductive politics surrounding President Buhari’s cabinet.

    But if that were to be the case, the return of traffic gridlock and unruly motorists, cyclists and criminal urchins to the streets of Lagos tells its own story. It goes to show why and how the institutionalization of human habits and behavioural  patterns often matters even more than the enforcing personnel. Institutions are a function of repeated habits and gestures with instant state reprisals for offenders burnt into the human consciousness. If putative offenders know that no matter how long it takes the long arm of the law will finally catch up with them, they will think twice.

    Yet it is also axiomatic that no straight furniture can be procured from crooked timber. Without documented data and a functioning electronic pool of drivers, commercial or otherwise, tracking offenders is going to be a Herculean task. Many will offend simply to re-offend. And in a parlous economy bristling with bitter inequity asking the police, LASTMA officials and members of the Road Safety Corps not to take or demand bribe is a tall order indeed.

    While pursuing institutionalized order through constant education and enlightenment programmes for road users through organs of mass dissemination,  Ambode should not be afraid of wielding the big stick on offenders while purging the worst miscreants from the services. Nigerians are a hardy and hardened lot and if all humankind are angels, there would have been no need for government.

    Having said all this, the time has come for the federal authorities to see Lagos as a special national project which is beyond the scope and resources of a particular state government. With a population approaching four medium-sized states of the federation, it is time for Nigeria to revisit the structural and constitutional anomaly which groups Lagos together with other states.

    A Lagos megalopolis of the immediate future must have an underground metro which will rival the best efforts in Europe, Asia and America. It must also be self-sufficient in the generation and production of its own electricity needs. Needless to add that this cannot be handled by the state but in partnership with the private sector. It will be recalled that the first time these ameliorative projects were contemplated, they were summarily scuttled by unitarist governments whose sole concerns seem to be the forcible uniformity of growth for the different components of the nation.

    Going forward and given this sorry history of unitarist and statist governance in Nigeria, we must now repeat the original question. Can the Black person do great cities? Of course yes, and Lagos is going to be the stellar exemplar. Rather than relying on a solitary state, a megalopolis is often the product of the explosion of human vitality and multifarious talents convulsing and concussing together as they break through man-made barriers and artificial boundaries all within the bounds of law and order.

    Given the great developmental strides Lagos has taken in the last forty years and in particular the last one and a half decades, it should be clear that no human principality can stop a megalopolis whose time has come. The rough edges will eventually be straightened out. The history of human development has shown that timeless cities often trump temporal states and transient authorities. No matter the future configuration of Nigeria, Lagos is the destined capital of the Black race.

  • Ambode’s Lagos: Beyond cynicism and distraction

    In-spite of explicable concerns over traffic gridlock as well as pockets of traffic robbery incidents across the State, it vital to affirm that the Akinwunmi Ambode Administration in Lagos State has commendably discharged its responsibilities within such a short time in office. Of late, the much talked about traffic gridlock in the metropolis is steadily giving way. With the reformation of the Lagos State Traffic Management Agency, LASTMA, Lagos residents have begun to notice remarkable improvement in traffic situation in the State. Same goes for security situation as occurrence of traffic and armed robbery operations have drastically dwindled across the State.

    The current improved traffic and security condition in the State is the outcome of months of painstaking planning by the State government and relevant stakeholders. Governance is not as simplistic and straightforward as some people would want to think. Lots of methodical and strategic thinking go into formulation and execution of government policies and programmes. From the outset, the vision of the Ambode administration is to transform Lagos into a 24/7 economy. To achieve this goal, the security component has always been accorded a top priority. Therefore, one of the earliest tasks of Governor Ambode was to meet with key stakeholders in the State to advance security course.  On the occasion, over One Billion Naira was realised as cash donations from various corporate organisations and individuals while others made commitments to provide other vital technical support.

    Consequently, the Ambode administration has made concerted efforts to fortify the Rapid Response Squad (RRS), in partnership with the State Police Command, to further enhance its operational capability. This is reflected in the handing over of 2 surveillance helicopters, 10 armoured tanks, 10 brand new Hilux vehicles and115 new power bikes, to the State Police Command and RRS respectively. This is in addition to the purchase of 100 new squad cars for a new initiative tagged Special Operation Service (SOS), which will harmonize community policing in partnership with the Rapid Response Squad (RRS). Likewise, an integrated security and emergency control platform that interface with all security networks in the State has been set up. The outcome of all this investment in security is the relative calm and peace being experienced in the State.

    The improved traffic situation in the State is equally a product of multifaceted strategies being deployed by the State government. One of such is the restructuring of LASTMA. Another is road-repair. For the Ambode administration, which actually came on board in the thick of the rainy season, road rehabilitation is a necessity. In Lagos, the rainy season often has serious implications for human and vehicular movement.  Since significant portions of the roads have been largely damaged by the rains, the Ambode administration came up with “Operation fix all potholes”, which is geared towards ridding all roads of potholes to enhance a hitch free vehicular movement. By defying the prolonged rainy season in its road rehabilitation’s quest, the administration has disregarded a universally held belief that road maintenance work is seldom done during the rains.

    Through this process, over 230 roads have been improved across the State. These include Lagos-Abeokuta Expressway, Mongoro-Cement-Dopemu under bridge axis, Epe-Ijebu -Ode road, Odumola-Poka/College road junction axis, Ado road, Ajah, Obalende bridge descent inward NIPOST,  Lekki-Epe expressway, Elemoro-Abijo axis,   Billings way, Oregun,  Ashabi Cole street, Alausa, Abdul Ouadri Adebiyi street, Magodo Ph II among others. This is aside major rehabilitation works being done on the Ejigbo-Ikotun road, Moshalasi-Ayobo road, ACME road among others. Meanwhile, it is imperative to emphasize that the exercise covers and favours every Division, Senatorial district as well as Local Government Council Area in the State.

    It is, however, important to stress that the palliative works being carried out on some strategic roads across the state are not meant to provide permanent solution but temporary relief for Lagos residents pending the setting in of dry season, when real asphalt works will be applied to the depressed surface. Considering the level of work done so far on the roads, in addition to several on-going commitments such as the newly commissioned Mile 12-Ikorodu BRT lane and busses, it is expected that significant improvement will soon begin to take place in road transportation across the state.

    In the health sector, the administration is equally making appreciable progress as the governor recently commissioned 20 Mobile Intensive Care Unit (MICU) Ambulances and 26 Transport Ambulances. The aim is to bring quality healthcare service closer to the people, particularly during emergency situations. It is also aimed at widening the coverage of emergency services beyond the metropolis to the hinterland. The ambulances, which are to be deployed free of charge for Lagosians, are part of Ambode’s promise to run an all inclusive government.

    Similarly, more paramedic staff and special medical coordinators have been employed to ensure 24 hours service to the citizens. There are also plans to equip all General Hospitals in the state with new mobile X-Ray machines to reduce the cost of patients doing X-Ray outside the hospitals.  In same vein, funds have been approved for homegrown cochlear implant surgery, under a special programme dedicated to restoring the hearing ability of those who are deaf or hard of hearing. Cochlear implantation is a hearing device implanted into a deaf patient’s ear through surgery, thus helping to convert sounds into impulses which enable the patient to hear. A 64 year old man has already undergone the surgery successfully.

    The education sector is also receiving commensurate attention from the state government. In a bid to improve primary education in the state, 1300 teachers have been recruited into all public primary schools across the State. Being the foundation of education at all levels, the Ambode administration is poised to strengthen the quality of the Universal Basic Education Programme in Lagos State to give pupils a solid and sound academic background. The exercise is equally expected to achieve a balanced workforce of teachers in public primary schools in the State.

    In order to reduce the economic and emotional burdens of State pensioners, the sum of N11bn has been released to pay off pension liabilities owed the mainstream retirees and the retirees in Local Government Areas since 2010. The development is part of efforts to find a holistic solution to the issue of payment of pension entitlements to retirees under the pay-as-you-go pension scheme which was discontinued in April 2007, as well as outstanding accrued pension rights due to retirees under the contributory pension scheme.  This intervention will go a long way in ameliorating the sufferings of retirees in the state.

    Also, the civil service, which oils the machinery of government, has been restructured for tactical re-positioning. Some MDAs have been re-aligned while new ones have been created to align with the vision of the administration. Similarly, government agencies with rented office accommodation are back in the secretariat. The goal is to cut the cost of governance as almost three billion naira is currently being saved monthly through this initiative.

    The past five months, no doubt, represent a significant milestone in the life of the Ambode administration. It is the foundational period when solid socio-political and economic frameworks have been put in place. Now that preparatory job is done with, Lagosians are reassured of a better and brighter future.

    • Ogunbiyi is of the Features Unit, Ministry of Information and Strategy, Alausa, Ikeja
  • All set for taste of Lagos food festival

    All set for taste of Lagos food festival

    The maiden edition of Taste of Lagos ‘the original’, a national template for bringing stakeholders in the food industry together to celebrate indigenous foods, will make its debut at the  National Stadium, Lagos from December 2 to 5 .

    The Chief Consultant of Iconic Events Ltd, Mr Abiodun Fagbohun, organisers of the event, described Taste of Lagos ‘the Original’ as a concept modelled after popular annual global taste festivals, stressing that the essence of the festival is to bring together the indigenous foods that reflect the cosmopolitan nature of Lagos.

    “We conceptualised Taste of Lagos as the first of our pan-Nigerian initiative to popularise the rich food and beverage culture of our nation as well as help to reinforce the visibility of every state of the federation on the world tourism map,” he said, adding: “It is when we embrace programmes like this to appreciate our foods that our farmers will be encouraged to produce more and the economy will be the better for it.”

    Fagbohun said the week-long Taste of Lagos will avail food producers and manufacturers the opportunity to showcase their products and give Nigerians enough reasons to patronise them.

    “Special features of the event include ‘celebrity kitchen’ where popular entertainment personalities would test their culinary prowess. About 200 secondary school pupils would also be hosted as special guests every day to enable them appreciate the richness of Nigerian foods. Nutrition experts will also be on hand to share knowledge on the nutritional values of indigenous foods,” he said.

    He said the concept of Taste of Lagos was introduced to the Lagos State government in 2005, following which Iconic Events Ltd registered the rights nationwide in keeping with global standards of the event.

    “We have the original rights to stage this event in Nigeria because the taste concept has a universal template that must be followed,” Fagbohun said

    He further explained that Taste of Lagos and others that would go  across the country in 2016, will be targeted at reviving the indigenous food culture in Nigeria as well as avoiding potential loss of huge domestic and foreign earning from tourism.

    “The more we move away from our food culture, the more we move away from what nature has endowed us with and in the next 20 years, we stand the danger of not finding local delicacies on family food menus,” he said.

    Statutory bodies in charge of foods and standards are expected at the Taste of Lagos food fair, which will be livened up with music and dance performances from across Lagos and Nigeria.

     

  • Lagos SUBEB trains Registry staff

    Lagos SUBEB trains Registry staff

    The Lagos State Universal Basic Education Board (SUBEB) has organised a three-day training for its workers in the Registry of its Local Government Education Areas (LGEA)

    Speaking at his first official assignment, the Executive Director, SUBEB, Mr Ganiyu Sopeyin, who was inaugurated on November 2, said the workshop intended to “improve the skills and competences of the registry staff, upgrading them for better performances, strengthening them to discover hidden talents and refining them for creative work.”

    He said the key role of the registry, which is to keep and receive policies, confidential and staff files on the organisation’s behalf, made the training necessary .

    Sopeyin said the commission would priortise the training exercise to make trainees more professional in their tasks and advised participants to update their knowledge so as to remain relevant in the service. He also advised them to be attentive to facilitators so that they can replicate all that they have learnt.

    Meanwhile, the trainees were taught how to be aware of their responsibilities to the organisation; effective record keeping in public institution; how to be aware of career opportunities available to registry staff, as well as to differentiate between documents and records and know the stage at which the former transforms to the latter among others.

     

  • Lagos pledges facelift for orphanages, others

    Lagos pledges facelift for orphanages, others

    Lagos State Commissioner for Youth and Social Development Princess Uzamat Akinbile-Yusuf has assured inmates of less privileged homes of improved infrastructure and welfare.

    She spoke during a tour of some rehabilitation homes.

    Mrs Akinbile-Yusuf led officials of the ministry to the Special Correction Centre for Boys at Oregun; Rehabilitation and Training Centre for Destitute and Mentally Challenged in Owutu, Ikorodu, among others.

    The commissioner promised that government would help the inmates exhibit some items produced for their economic uplift.

    “I have come here to see things for myself and look at how our administration can enhance the operations of the centres as well as boost the lives of inmates. We shall give some of the centres and home currently grappling with infrastructure decay facelift,” she said.

    The commissioner said: “I want you to know that there is ability in disability; therefore, you should not be discouraged about life. Instead, you should engage in positive things that would not only add value to your lives, but make you better persons.”

    Principal of the Rehabilitation and Training Centre for Destitute and Mentally Challenged in Owutu, Ikorodu, Mr Sunkanmi Hassan requested for more funding for the home; provision of drugs and accommodate for its teeming population.

    “The centre was built to accommodate 500 people, but we currently have about 1,221 inmates including 40 children with just three doctors,” Hassan said.

     

  • Angry mob lynch suspected kidnapper in Lagos

    Angry mob lynch suspected kidnapper in Lagos

    A man suspected to be a kidnapper has been lynched by an angry mob in Lagos.

    Although the incident occurred at Coker bus stop, Orile Iganmu on Tuesday morning, the man who was beaten to a pulp died Wednesday.

    It was learnt that the mob descended on the man after he was found with two school children who were crying.

    Although no one could produce the children he allegedly abducted, the crowd stripped the man naked, hitting him with stones and sticks.

    Having beaten the man to comma with his blood littering the ground, the crowd in a bit to set him ablaze, hung a tyre round his neck, while others took horrid photographs of the helpless man.

    However, some passersby who disliked what was happening contacted the police and a team was sent to rescue the man.

    The unconscious man was rushed to the hospital, The Nation learnt but he eventually passed on.

    An eyewitness who posted some of the obscene pictures on social media stated that the man was almost dead when the police got to the scene.

    “He was unconscious. He was terribly beaten. They even scattered his head. The mob claimed that the man kidnapped two school children. No one knows the truth.

    “I did not see any school kid around and so I can’t say if the man was a kidnapper. They were about to burn him when the police came and rescued him.

    “He was rushed to the hospital but I heard that he died this morning (Wednesday),” said the source who gave his name as Blinkz Mick.

    When contacted, the state command’s spokesman, Joseph Offor, a DSP, condemned the act of lawlessness displayed by the mob.

    He stated that the man was not a kidnapper, adding that no one has come forward to say it was their children he attempted to abduct.

    “Yes the man died in the hospital Wednesday. It is very unfortunate the way people take laws into their hands. The police could not identify the man because he was unconscious when he was rescued from the mob.

    “They claimed he was a kidnapper but no one saw him with any hostage. No one has also come forward to claim he kidnapped their child.
    “Investigation is ongoing in the matter and we will ensure that all those who participated in that man’s unfortunate death are brought to justice,” said Offor.

  • How we applied N225b bond proceeds, by Lagos

    How we applied N225b bond proceeds, by Lagos

    •Govt returns to market next year 

    STAKEHOLDERS heard yesterday how the N225 billion combined bonds issued by the Lagos State Government were applied.

    The Commissioners for Finance, Dr. Mustapha Akinkunmi, who justified government’s decision to raise the facilities through the capital market, said seeking financial support in form of bond issuance from credible stakeholders remained the best approach to meet the infrastructural needs of the state within the shortest time.

    According to him, the combined N225 billion bonds were issued in three tranches of N57.5 billion, N80 billion and N87.5 billion.

    Akinkunmi said the facilities have been applied in funding critical infrastructure that added value to residents and the economy of the state.

    He spoke at a combined Annual General Meeting (AGM) on the N57.5 billion fixed rate programme 1 (Series 2), Bond 2010/2017; N80 billion fixed rate programme 2 (series 1), bond 2012/2019 and N87.5 billion fixed rate programme 2 (series 2, Bond 2013/2020.

    The commissioner said the state has so far delivered on its promise to the people after accessing the bond market.

    “We have rehabilitated the Alimisho General Hospital, developed and upgraded state healthcare facilities, construction of Jetty and Terminal Buildings at Badore and Osborne and reconstruction of Lagos-Badagry Expressway,” he said.

    Other projects funded with the bonds’ proceeds include: the construction of Adiyan Waterworks Phase II and other waterfront infrastructure development.

    According to Akinkunmi, the funds have also been deployed to enhancing infrastructure in the transportation, housing and agriculture sectors of the economy as well as refinancing of existing obligations.

    He praised the investing public for their interest in partnering with the government in the ongoing transformation of Lagos as a mega city, adding the Treasury Single Account (TSA) has enhanced cash management in the state.

    He said the state will continue to create maximum impact with its resources by creating an investment-friendly environment for the people.

    Besides, the commissioner told his audience that the state has instituted fiscal policy, budget and treasury reforms – using in-house technology – to drive its processes and secure maximum impact of the funds in state infrastructural development.

    He said the AGM was in line with the state’s commitment to enhancing transparency and accountability in the management of resources.

    His words: “If you look at Nigeria and Lagos as a sub-national, we are the only state having AGM because of the high level of transparency and accountability that drive the bond issuance programmes.”

    He said that state has only borrowed 14 per cent of its capacity as against 30 per cent recommended by the World Bank.

    Dr. Akinkunmi spoke of plans by the state to return to the market in 2016 for the issuance of new bonds to deepen infrastructure development in the state.

    “Lagos State has not moved anywhere close to its borrowing capability. Fitch Ratings assigned us AA+ and BB- which is an attractive debt rating,” he said.

     

  • Lagos pays employees over N100b pension rights

    Lagos pays employees over N100b pension rights

    • Prepares would-be retirees for retirement

    Lagos State government has funded its employees’ pension rights to over N100 billion.

    A breakdown of this figure shows that out of this amount, a total monthly pension contribution of N59.82 billion has been remitted and credited into active employees Retirement Savings Account (RSA) managed by 10 Pension Funds Administrators (PFAs) from April, 2007 till date.

    Between this period, a total number of 9, 014 retirees, accrued pension rights of N41.58 billion has been paid by the state government.

    The state government however took time to sensitise and prepare its would-be employees on retirement.

    Director-General, Lagos State Pension Board (LASPEB), Mrs. Folashade Onanuga who spoke at the Board’s 9th Pre-Retirement Seminar for Core Civil Servants, SUBEB, Parastatals and Local Government Employees due to retire between January to June 2016  in Lagos, said the seminar which holds bi-annually is intended to prepare employees who would be retiring soon for a life of financial independence.

    She also said the state is aware that many regular salaried employees are apprehensive of what the future holds for them when they are out of office, more so with the present harsh economic.

    She stressed that the government has resolved to prepare the minds of its retirees that retirement is inevitable and should be looked forward to. She noted that a retiree would be happy to retire if he is well informed of arrangement made by his or her employer for end of service benefits.

    She stated that as at the moment, the state does not owe any employee monthly contributions that will be remitted into their RSAs.

    She said: “Since the release of N11 billion by Governor Akinwunmi Ambode in July 2015 for payment of accrued pension rights of pensioners who had been on the waiting list, they have been paying accrued pensions monthly.

    “Similarly, from August to October, 2015, accrued pension rights of N6.8 billion have been paid into the RSAs of 1, 754 retirees while we are ready to pay another set of N1.6 billion for November 2015.

    “The state is committed to ensuring that all accrued pension rights being employees’ entitlement for years spent in service before the commencement of the Contributory Pension Scheme like their entitlement under the Pay As You Go scheme, are credited into their RSAs.”

    Onanuga also said the payment of the accrued pension rights is critical to early processing of employees terminal benefits by their PFAs hence the state’s resolve to educate them on early documentation requirements.

    According to her, the state government’s accrued pension rights obligation is huge but it is determined to give employees comfort.

    “Our motto is ‘where there is a will, there is a way’. The government is aware that the funding rate as indicated in then law is extremely low and hence we continue to go the extra mile by ensuring that additional funds are provided to meet pensioner’s needs.

    “LASPEB will not rest on its oars until we get to the point where before a retiree exits, his accrued pension would have been credited into his or her RSA.”

    Also speaking on the occasion, Commissioner for Establishments, Training and Pensions, Dr. Benson Akintola said the state government is also committed to ensuring that people who retire from service live a life of financial independence.

    He said the fact that the state government has paid accrued pension rights of over N41 billion speaks volume of the premium it pays on its ex-employees.

    “Furthermore, the state pays prompt attention to the obligatory regular monthly deductions of 7.5 per cent from the salary of each officer and corresponding 7.5 per cent by the state government and these contributions are remitted into individual RSA maintained by you with your appointed PFA. This trend will be sustained.

    “We know the liabilities are huge but our government remains committed to your welfare. This assurance is what I want you to take away for today’s meeting,” he added.