Tag: LG

  • LG unveils appliances at IFA 2023

    LG unveils appliances at IFA 2023

    LG, a major player in the Smart Living solutions and products market, has showcased during its briefing at IFA 2023 the LG Therma V R290 Monobloc Air-to-Water Heat Pump (AWHP). 

    The AWHP is equipped with efficiency-boosting LG technologies and utilises R290 refrigerant, which has a Global Warming Potential (GWP) of only three.

    The solution also ensures convenient maintenance with a remote support feature that enables quick software updates and the easy application of installer settings.

    Managing Director, LG Electronics West Africa Operations, Kim Dong Youn said: ”Highly energy efficient, LG’s home appliances support households to save energy, shrink their utility costs, and lower their carbon footprint. 

    “We will continue to leverage our industry-leading core technologies to create products that make people’s lives better and have less impact on the planet.”

    LG explained that with rising adoption of Smart Living solutions and products, the market is recording growth.

    Industry stats indicate that the number of active households with Smart Home (or Living) devices and appliances is expected to reach about 93.6 million by 2027, while the average revenue per installed Smart Home unit is currently expected to amount to $546.50. 

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    The revenue is expected to show an annual growth rate (CAGR 2022–2027) of 10.22 per cent, resulting in a projected market volume of $52.19 billion by 2027, according to Statista.

     And device and household appliance manufacturers, having recognised this trend, are aligning their future plans and strategies to target and address the needs of this growing market. And among these companies keenly taking aim at the Smart Living industry is LG Electronics.

    LG Electronics announced that it aims to become a Smart Living solutions company that connects and expands customers’ diverse experiences by 2030. 

    To achieve the vision, the South Korea-based company plans to invest more than Kshs 5.48 trillion by 2030 for the qualitative growth of the business, including the advancement of the business portfolio led by the three new growth engines: transitioning to a platform-based service business model, accelerating B2B business, and procuring new growth engines.

    The move will see the company record an estimated global annual revenue of up to Kshs 10.96 trillion, even as it evolves from its current position as a top global home appliance brand.

     ”LG will continue to pursue its bold vision to transform and leap forward as a smart life solutions company that connects and expands customers’ various spaces and experiences, rather than resting on its current position as the best home appliance brand that provides quality products,” said CEO Cho. “We will establish a brand-new LG by reinventing the way we work and communicate toward this goal.”

  • LG unveils larger storage capacity refrigerator

    LG unveils larger storage capacity refrigerator

    Lovers of large capacity refrigerators can heave a big sigh of relief with the introduction of LG GL-B221ALLB 210L Single Door Refrigerator.

    The product is designed to keep food fresh and organised with a capacity that offers ample space to store groceries and beverages household use.

    In a statement issued by the company, it said the product has advanced cooling technology ensures uniform cooling throughout the fridge, preserving the freshness of your food for longer.

    The smart inverter compressor provides energy efficiency, saving you money on electricity bills. The single door design features multiple shelves, a vegetable box, and door racks for convenient storage options.

    The sleek and stylish exterior adds a touch of elegance to your kitchen decor with experience superior cooling performance and modern convenience.

    “We have prepared this review so that you can easily differentiate and select the ideal LG Refrigerator that is you will suitable for your needs and your budget. You will not miss out on the latest technology, and know exactly which key features you are most interested in,” the company said.

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    The product remains one of the most advanced of top picks among the LG single-door refrigerators is this elegant model.

    “Though has a simplistic design, it does include some interesting features such as a larger capacity, a smart inverter Compressor, a fast-freezing zone, a cool and fresh zone, key lock, among others.

    “Also, excess moisture from food evaporates and then condenses on the lattice instead of paddling around your food, thus maintaining the right balance of moisture in the box.

    The Convertible box provides approximately 15.9 litres of storage. A big veggie box saves your trips to the market.

    “A close monitoring of day-to-day market activities on why consumers buy a particular refrigerator has shown that the warranty period is a strong factor. Backed with a 10-year warranty on the compressor in its refrigerator segment, LG Electronics appears to have become a consumer delight in the African market as a result of the durability of most of its products,” it said.

  • LG eyes 50% market share

    LG Electronics is eyeing about 50 per cent market share with its latest range of heating, ventilation and air conditioning systems in the country.

    The original equipment manufacturer (OEM) said the country remained its market hub for innovative home appliances with focus now geared toward penetrating the market with new ventilation and air conditioning and energy solutions.

    It showcased its latest products at the just concluded third International Air Conditioning, Refrigeration Exhibition held at Land Mark event Centre, Lagos.

    Tagged: ‘Mega Clima West Africa HVAC, 2019’, the exhibition was designed to bring together leading brands in the technology industry as well as developers, engineers, architects, contractors, financial institutions and other key stakeholders to showcase their latest products and connect with new suppliers, customers and business partners.

    The General Manager, Air Solutions Division, LG Electronics West Africa Operations, Jungjune Yoon, said LG’s commercial, light commercial and residential systems are making major inroads in the country and many countries across the Middle East and Africa, where demand continues to grow for high-performance products.

    According to him, LG is dedicated to creating sustainable innovations and is leading the way with industry-leading VRF technology.

    He said: “LG Electronics Air Solution Business Unit is a provider of total HVAC and energy solution offering a broad portfolio of air conditioner products that are compatible with any building anywhere, including compact residences, towering skyscrapers, massive factories and giant concert halls. LG also supplies even the largest buildings and industrial facilities with central air conditioning systems such as VRF and efficient control solutions.”

    Its Sales Manager, Saheed Adeyemi, said the products are inverter driven technology products designed to solve the power problem of the country.

    He said: “The problem of Nigeria mostly is power, so LG has brought out the innovation to solve the Nigeria power problem. For instance, some of our air-conditioners like the dual cool can work with a generator as low as 0.9KVA.

    “The LG Multi V5 is available from 8HP- to 96HP, with a choice of heat recovery/heat pump outdoor units. It features LG Intelligent Heating technology that defrosts as needed rather than responding once frost has reached a preset point.

    “On top of active response capabilities, the Multi V 5 also features a new bio-mimetic fan design that draws from nature’s design and enables the unit to operate more efficiently and increase airflow while reducing the perceived noise level by approximately 20 per cent.”

  • State/LG responsibilities beyond NFIU controversy (1)

    The popular perception of LG system is that local governments are sites of jobs for the boys from generous governors.

    The latest in ‘governance news’ in the country is the controversy between on the one hand 36 governors across party lines and on the other hand local government professionals and citizens who believe that functions and funding of local government in a federal republic are due for reform. And the argument of the Governors Forum from a constitutional angle reinforces the need to think anew about how to promote democracy and enrich federal governance in our country, without being resistant to mechanisms to block corruption and without states losing needed influence on local development efforts.

    There are too many issues about state and local government relations for our governors to limit   arguments about who should manage the funds allocated from national revenue to subnational governments to strict constructionist interpretation of provisions of the constitution in respect of state/local government account. Such a narrow view of which level of government should manage inter-government transfers may eclipse the importance of the role of local government in promoting democracy and development at the grassroots level. The matter at hand should not be just about governance protocols in terms of ‘Transitional versus Operational account.’  More importantly, it should be about constitutional politics, particularly nurturing of a political culture that can respond effectively to citizens’ demands for a federal system that promotes at the same time decentralisation, local accountability, citizen participation, and state-wide integrated development.

    Read Also: FG, States, LGAs share N616.198bn in April

    Because of the special character of Nigeria’s political history under decades of military dictatorship and subsequent failure of post-military governments to demand de-militarization of the polity, Nigeria since 1999 has been saddled with a constitution not negotiated by free citizens, even one quarter of a century after the exit of the last official military ruler. For the past 24 years, the concept and practice of three tiers of government have defined the governance of the country. Most constitutional federal democracies have two tiers of government. Under such dispensation, any transfer from the central government to the local government, generally seen in such countries as part of state or provincial units, is done through the state or provincial government. In addition, managers of such state or provincial governments generally have no culture other than to pass such transfers in a transparent manner to the designated receiver.

    Surprisingly, the authors of Nigeria’s three-tier system have chosen to send local governments’ share of revenue from the Federation Account through the state in what is constitutionally referred to as Joint State and Local Government Account. For many years, nobody bothered about whether money sent to the states for onward transmission to local governments reached those who manage that level of government until the era of fighting corruption emerged. Relatedly, the problem at hand may not be only about whether a federal agency established to frustrate corruption has a role to play in how and when local governments can access the funds constitutionally meant for them, it is also about why state governments would want to be seen as preferring to prevent a federal agency from ensuring that funds allocated from the Federation Account reach the legal recipient intact and in good time.

    Since the advent of post-military governance in 1999, the level of government with the least experience of and benefit from democratic governance has been the local government unit. Citizens in most states since 1999 have not enjoyed the right to choose local government chairs and councillors to govern them as they should. Many local governments have been ruled in the last 24 years by appointed chairmen functioning as sole administrators. And local governments that were allowed by governors to hold elections have had an average of one year of democratic rule in the 4-year tenure of most governors. Even the 1999 Constitution that institutionalised three-tier system constructed the local government as the inferior tier that in theory deserves a tenure of three years while the central and state tiers have non-negotiable 4-year tenure.

    The consequence of a half-hearted third tier has been that people at the grassroots, where majority of citizens live, exercise their right to govern themselves to the whims and caprices of state executives. Many citizens at the local level consequently feel alienated and thus indifferent to issues they believe to have been designed by military founding fathers of the 4th Republic to be a predatory relationship between the state and the local government.  Any surprise that it is only local government civil servants that have expressed any opinion over the controversy between NGF and NFIU on local government funds? The silence from other constituencies including former or current LG sole administrators and the few that have benefited from occasional elections approved by governors captures the extent of the alienation of majority of citizens at the local level. Even ordinary citizens whose lives are supposed to be improved by 22% of the federation’s revenue could care less, apparently because of increasing level of alienation vis-a-vis a non-performing local government system.

    The most important issue thrown up by the insistence of NFIU to ensure that local government allocations get to the local communities that own such funds in full and on time is about how to extend proper democratic rule to where it should matter most. Undoubtedly, governors are right to insist that they should have a say in the development of sub-units of their states. The need for governors to be able to coordinate local and state development projects in the interest of proper integration requires that there be no full autonomy for local government, just as the way that states do not generally enjoy independence from the national government. However, there is no wisdom in governors struggling to hold tight to money deposited in a joint account for local governments. What governors ought to worry about is ensuring cooperation as senior partners with local communities to achieve integrated development across the state. The popular perception of LG system is that local governments are sites of jobs for the boys from generous governors.

    There are many more important issues that governors ought to consider in relation to fostering inevitable cooperation or collaboration between local communities and the states they constitute in a federation. To protect the integrity of states for much longer, governors may want to call for a review of the military policy of allocating 22% of Federation’s revenue to 774 local governments, where much of the funds go into sustaining a traditional layer of bureaucracy. For example, why should the country get stuck to monthly or quarterly allocations to 774 local governments to pamper traditional rulers in a republic and at a time the nation’s economy is being re-designed for productivity rather than spending windfalls from petroleum? Governors ought to worry about accountability and transparency at the local level, rather than about verbal gymnastics of ‘Transitional and Operational bank accounts.’

    Thus far, it is reassuring that 36 governors from different political parties are united on the danger in allowing any agency of the federal government to toy with any provision of the constitution in respect of the supervisory power of a state over its local governments. However, given the reluctance of post-military leaders to listen in the past to citizens’ demand for referendum on issues of importance to citizens, the current governors’ enthusiasm to prevent what might feel like de-coupling state and local governance ought to encourage citizens to urge their governors to initiate bills that can correct the anomalies in the 1999 constitution, especially the insistence on three autonomous tiers of government.

    It is important for governors and citizens to imagine that there may be dangers or disadvantages—cultural, political, and economic—in sticking to three autonomous tiers in a multiethnic federation with plural worldviews or cultural and social orientations. In the long run, any effort to break the Siamese connection between the state and the local government is likely to cause more problems than it may solve in the short-term. Governors have already demonstrated readiness to protect the interest of states as they see them. In the spirit of avoiding short-termism, the civil society and individual citizens in each state ought to urge their governors to refrain from the wrong problematique. What governors ought to defend or prevent is not constitutional mistakes of the past; governors ought to call for constitutional amendments that can lead the country back to a well-coordinated and productive two-tier governance system that has brought progress and stability to advanced federal democracies.

  • LG funds

    In Nigeria’s 36 states, the local government councils are mere outposts of the state governments, with the local government chairmen mere viceroys. They have no mind or distinct programmes that reflect the wishes of their people. Whenever a local council seeks to independently act for the people, requesting the legitimate income due it for execution of projects that would improve the people’s well-being, he is tagged a traitor and removed from office. In some cases the entire elected structure is uprooted to make room for sole administrators.

    It is in this context that we welcome the idea by the Nigerian Financial Intelligence Unit (NFIU) to ensure strict compliance of all tiers of government with section 162 of the 1999 Constitution. The new guidelines set by the NFIU to give effect to section 162 aim at effectively putting an end to state chief executives’ starving the third tier of government, thus making local governance a mere academic exercise.

    We are not oblivious of the debate over the tenets of federalism that make states the federating units. Purists who advocate what they call true federalism have insisted that local governments are subject to the states. They blame the current structure of governance which is neither federal nor unitary on military incursion into governance in the country. This argument could be difficult to fault going by K. C. Wheare’s original proposition that a plural country is best governed by a federal system.

    It is, however, apposite to note that the system has since evolved beyond Wheare’s original design, with various countries adapting it to suit peculiar conditions. Nigeria has been exposed to regular election of some selfish leaders who have little respect for the law, people and convention. Even if the Wheare concept were to be considered, the indiscipline of state leaders makes the NFIU intervention inevitable. Beyond the letters of the 1999 Constitution, the spirit clearly indicates that the local government system exists as a means of recruitment of political leaders, distribution of amenities, giving people at the grassroots a sense of belonging and ensuring a broad base for the federal structure.

    Corruption is the bane of Nigeria’s underdevelopment. While states in the United States are the federating units and thus design the local government considered ideal for their location, money earmarked for the counties are not impounded by governors. County officials are not sacked at the whims of governors nor are development projects imposed. Areas where the counties are empowered to generate funds are not seized by states. The same is not the situation in Nigeria even when there is a specific constitutional provision that only elected leadership is permitted at that level.

    This is not a task for only the NFIU. Civil society groups, elder statesmen, the academics,  media and other informed well-meaning Nigerians should team up in mobilising the general public to fight this noble cause. In the same way that the youths succeeded in forcing constitutional amendments that have removed hurdles that prevented the young and vibrant from contesting elective offices, they should be galvanised to save the local government system.

    It is good that federal legislators have supported the NFIU initiative. This should be taken further by ensuring that legal framework for distribution of power in the country is reviewed and contradictions cleaned up. It might be difficult to obtain the support of state legislatures that have already been pocketed by the governors, but when it becomes clear that the campaign has become a movement of the people, the lawmakers will be forced to fall in line. Where governors willfully intercept money allocated the local governments contrary to the relevant laws, especially the grundnorm, they should be investigated and duly prosecuted after leaving office.

    In the interim, we support NFIU’s directive to banks on withdrawals from local government accounts. Anytime states impound sources of funding for local councils and governors hide behind the immunity clause in section 308 of the constitution, the commissioners of local government and other officials of the ministry should be visited with the full weight of the law. The argument by some governors that there is too much corruption at the local government level, hence the need for supervision at the state level, is puerile. There is worse corruption even at the state and the national levels. If a local government chairman is found to have meddled with council funds, let him be arrested and prosecuted. After all, they do not enjoy immunity. Even governors that enjoy immunity are now being tried and jailed after leaving office. So, it should not be difficult to make thieving local council executives account for their actions.

    The truth is that the current structure has failed and it must be changed if people at the grassroots are to genuinely reap the dividend of democracy. Local councils can only be free when they have control over their allocations.

  • LG boss counsels students on cultism

    The Chairman of Oto Awori LCDA, Ijanikin, Lagos, Prince Musibau Adekunle Asafa yesterday described cultism as an act against God and the  society.

    He said this during 2018 National Campaign on Cultism held at Oto Awori LCDA, Secretariat, Ijanikin for secondary school students.

    The council boss said cult members engage in criminal acts like fighting, stealing, robbery, kidnapping, rape, murder political assassinations, drug abuse, arson just to mention a few.

    Asafa observed that cult members have expanded their nets from higher institutions to secondary schools and the society at large, noting that some artisans are also part of them.

    The chairman therefore advised parents to monitor the kinds of friends their children keep and advised them to inculcate the fear of God and love for their neighbours in them.

    The guest lecturer at the event, who is also  a Senior Lecturer at the Political Science Department, University of Ibadan, Dr. Olufemi Michael, said this sensitization was imperative for this LCDA as it has higher institutions in it.

    Olufemi said this campaign was approved by the Governor of Lagos, Mr. Akinwunmi Ambode because the Police and DSS informed him of  the presence of secret cults in secondary schools, so they decided to catch them (students) young.

  • LG Focuses on gaming at IFA with new Ultragear Monitors

    LG Electronics has demonstrated its commitment to gaming technology with the advent of its new UltraGear monitors at IFA 2018 in Berlin recently. The monitors take immersion to a new level thanks to their powerful performance, superb picture quality and speedy refresh rate. These factors combine with the UltraWide 21:9 screen and stylish design to create an immersive playing field that enhances the gaming experience.

    The IFA Berlin is the world’s leading trade show for consumer electronics, home appliances, and other applications of technology and software. It is the most visited and one of the oldest industrial exhibition in Europe.

    LG has long been recognized for its monitors, including the best-in-class picture of the LG UltraFine and the productivity-enhancing properties of the LG UltraWide 21: 9 monitor. UltraGear is the name of LG’s new gaming monitors that deliver the ultimate in high-performance entertainment. With their optimal picture quality and lightning-fast processing speed, these monitors are ideal for all genres of games. The LG UltraGear lineup gives gamers the edge to play at their highest level.

    The flagship UltraGear model 34GK950G boasts the most powerful features in the lineup with unprecedented picture quality thanks to the Nano IPS display technology that covers 98 percent of the DCI-P3 color space. The same display also accurately recreates colors across over 135 percent of the RGB color space. With NVIDIA G-Sync graphic processing technology built-in, the UltraGear 34GK950G provides smooth motion without tearing or stuttering.

    With its immersive 34-inch display and crystal clear UltraWide QHD (3440 x 1440) image rendering, the 2018 Red Dot Design Award and 2018 iF Design Award winning monitor’s 21:9 wide aspect ratio adds a cinematic touch to gaming, giving users a new perspective on their favorite games.

     

  • LG considers consumers’ needs

    It is important for organisations to put their consumers into consideration, particularly companies who are saddled with the responsibility of churning out goods and services to meet the needs of consumers. In order to be successful, organisations need to always adapt and accommodate their consumers’ consumption pattern which consistently changes from time to time.

    Making this assertion recently in an interactive session with the media, the Managing Director of LG West Africa, Operations, Mr. Taeick Son, said that “gathering relevant information about your consumers are essential tips to creating intuitive and user-friendly products. What the information helps the company to do is to basically design product features that would match needs and preference of consumers given a realistic price at every point in time.”

    Son stated that LG prides itself as one of such companies whose philosophy is “consumers first” which has been integrated into all its production process clearly positioning the brand way ahead of its major competition with mind blowing ergonomic and innovative products to its credits.

    Explaining, he boasted that industry observers would agree LG Electronics is one of the first electronics firms to boldly embark on the second path, “growing from a humble chemical supplier to include electronics and advanced technology in its portfolio of offerings. This strategy has paid off for consumers time and time again as they are able to rely on a single company for all of their household needs. The uncertainty surrounding electronics purchasing has been replaced by the security offered by a single brand with a commitment to quality and customer service.”

    He continued: “Our commitment in ensuring that all our range of products from the least to the high-end are usually consumer-oriented and easily adapted effortlessly would never be compromised. We hold our consumers in high esteem that is why all our products are tailored towards meeting their ever growing needs in a satisfactory manner.”

    However, to demonstrate its firm belief and commitment towards the consumers’ satisfaction, LG has imbibed the culture of subjecting all its products to a standardised testing procedure for optimum and quality output. A very good example in sight is the G6 smartphone that was taken beyond the required standard set by international bodies to determine its physical durability, which has resulted in the overall success story of the product.

  • LG boss vows to promote reading culture

    Students in the Badagry Local Government Area of Lagos State can now heave a sigh of relief as the local government reading room which had been abandoned for over ten tears due to its dilapidated state will be commissioned for use in the next three weeks.

    The chairman of the local government, Hon Olusegun Onilude,  dropped this hint during the Children’s Day celebration which took place at Badagry Grammar School, Badagry.

    He said the reading room which was being reactivated in partnership with some private organizations was meant to reawake the lost reading culture of students in the local government area and improve the standard of education.

    The council boss pointed out that the local government had put in place a mechanism to resuscitate the literary and debating competitions in both primary and secondary schools to enhance the standard of education in the council area.

    “The Lagos State yearly Spelling Bee competition which comes up once in the local government area is now to be held on quarterly basis in the council area, while the literary and debating competitions which had been scrapped in schools will be resuscitated to promote healthy rivalry among students in our local government area. I am determined to promote reading culture.”  he said.

    Onilude, who enjoined children to refrain from keeping bad companies, noted that the major effects of “keeping bad companies are cultism and drug abuse. The rate at which cases of cultism and drug abuse are being reported in our primary and secondary schools is alarming. As a government at the local level, we are not taking this lying low. We are collaborating with our security agencies and social organizations to combat these social ills’’

    In his goodwill message on the occasion, the Supervisor for Education in the local government area, Hon. Apata Nunayon, who advised parents to build and access their parent child relationship, enjoined teachers to make excellence their watch-word in order to achieve effective teaching and learning.

  • LG bosses commend Ambode over projects

    The Executive Chairman of the Coker- Aguda LCDA , Hon Omobolanle Medinat  Akinyemi-Obe, as well as her counterpart  in the Lagos Island East Local Council Development Area, Comrade Kamal Olawale Bashua Salau and those of Yaba, Somolu and Bariga have unanimously commended Governor Akinwunmi Ambode for the infrastructural uplift of Lagos State.

    The governor was also praised for the positioning of the state as a world mega -city status, just as all sectors continue to receive pragmatic attention.

    The council bosses, while speaking with civil society organizations led by Comrade Gbenga Soloki, who visited their offices as part of the ongoing inspection and assessment of Lagos State government projects, said: “Governor Ambode has greatly done well as the governor of Lagos State. Today, he has turned Lagos State into construction sites and everyone is proud of him, even the opposition parties in Lagos State are proud of him.”

    The council bosses further said: “It is incumbent on all Lagosians to return the performing governor in 2019 in order to continue giving more dividends of democracy.”

    The Coker-Aguda LCDA chair pleaded with the governor to come to their aid of Jadesola Oshodi Street which needs construction in the local government area.

    The chairman of  the Somolu Local Government, Hon Abdulahmed Salau, praised the civil society activists for embarking on the fact- finding mission to the projects of the Ambode-led administration, stressing that the projects in his local government area are of immense benefit to his people.

    He commended the governor for the giant strides recorded in the area of construction and other sectors, stressing that the Ambode government has really touched lives.