Tag Archives: Lagos

Foreign Investors Canvass for More Skilled-Workers


The third Austrian German Swiss Business Outlook meeting with the media community in Lagos was recently wrapped up with the hints on job opportunities that await Nigerians.

Contrary to widely held views that there are no jobs in Nigeria, the delegate of the German Industry and Commerce in Nigeria, Dr. Marc Lucassen revealed that most companies are looking to increase head counts in their staff structure.

“We are in desperate need of blue collar skilled workers. Most of our employees are office workers,’’ he said.

Lucassen’s remarks were based on surveys conducted using macro-economic parameters, study of the ease of doing business in Nigeria as well as statistics from relevant organisations.

He noted also that there is a huge market potential in Nigeria with improvement recorded in the area of company registration, access to credit facilities and the recent economic recovery.

Still, he expressed moderate optimism in business prospects in view of issues of national concerns such as power supply, infrastructure and security in parts of Nigeria which are flashpoints for ethno-religious crisis and other social unrests.
“There is a concern that the 2019 elections may affect business and growth expectations,’’ he observed.

For the commercial counsellor, Austrian Embassy in Nigeria, Ms. Nella Hengstler, exports are gradually increasing and Nigeria is still one of Africa’s top business destinations.

One of the high points of the event was the revelation by the Consul General, Consulate General of Switzerland, Mr. Yves Nicolet, that no fewer than 35 companies will arrive in Nigeria by October.

In her opening remarks, the Deputy Consul General for Germany, Lagos, Mrs. Alexandra Herr explained the rationale behind the business coalition which aims at promoting bi-lateral relations and attract more investors to the Nigerian business sector.
“We believe we all face the same problems and have the same success stories,’’ she said while recounting some of the past and current activities of the Austrian German Swiss Business Outlook.

During the question-and-answer session, the group was charged by some of the journalists to invest in human capacity development through the establishment of vocational centres in Nigeria in order to meet with the challenges of qualified technicians and engineers in their various organisations.

Lagos residents seek alternative power supply




The residents of Lagos Island and occupants of one of the foremost business community in Lagos State ‘Sura Market’ are seeking for an alternative power supply to power their businesses.

The group decried the epileptic power outage and reprimand the Power Distribution Company ‘Eko Electricity Distribution Company EKEDC’ for failing in its mandate.

At a protest staged at the Company’s office in Lagos Island, the protesters demanded an outright disconnection from the national grid and requested for an approval to opt for an Independent Power Project IPP as a means to power their businesses.

Speaking to the journalists, the Chairman Association of Shop owners in the market, Mrs Bunmi Anne-Ajayi says the market is a multi-purpose edifice which housed numerous businesses such as Food and beverages, Law firm, Bureau-de-change, printing corporation among others and seldom enjoy 24-hour power supply, however, with a consistent circulation of outrageous bills.

According to her, “we are small scale business people and electricity supply is very crucial to our businesses”.

“We believe in entrepreneurial skills and we want our businesses to thrive so that we can also support the economic growth, but electric power supply to our market has been horrible”.  

“The market has about 1,000 shops which were hitherto occupied, but the situation of power supply has moved so many people away and in fact crumbled some businesses and we have been paying outstanding bills despite the non availability of power,” Ajayi said.

Ajayi said that the community has resolved to do away with the distribution company and requested to be allowed to partner with a private firm to supply the complex adequate power supply in order to further their business activities.

“We need power supply and we could not get it, but now we have a company that is willing to give us the service, but we recently saw a newspaper publication from the Eko Disco saying that the move was like a threat to their business.

But based on our own understanding, Eko Disco is a private firm and the company we are employing its service is also a private outfit that is coming to fill the vacuum created by the Eko Distribution Company. We want to move along with the new company” she said

Improved Supply
Others who spoke commended the stride of President Muhammad Buhari to improving the level of power supply compared to the past years, they suggested a state of emergency declared in the sector and called for total deregulation so as to allow for more competent hands.

The assistant financial secretary of the association, Mr Kayode Okunola  said: “The government has been canvassing for the use of alternative power supply such as solar and all. I know this is as a result of inadequate supply to the people. We support the initiative and we seek for government intervention to address the inefficiency of the Power Distribution companies. Imagine, as at today, the country generates about 7,000 megawatts and all the distribution companies can distribute only 5,000. It shows there is actually a need for an alternative source of power if only we want the economy to grow further.”

“In fairness, the Nigerian government has been doing well and done everything to satisfy the people of the country. It only needs to change the laws or compel the power distributors to follow the law. The law is empathic that if they misuse the opportunity to service the people, government will take it back from them. This government is listening one, if it feels they are under performing, they should send them packing,” One of the protesters said.

While receiving the protest letter from the shop owners and reacting to the complaints brought forth, the MD/CEO of Eko Electricity company, Mr Adeoye Fadeyibi said that the company did not wish to inflict pains on its customers as issues of power availability and tariff concern would be resolved.

Fadeyibi who explained that the distribution companies are incapacitated on the power generation, as the amount of electricity in circulation depends on what is supplied by the national grid, however called for understanding.

“What we give today is what we get from national grid. So we don’t create it,” he said.

He assured the shop owners that their letter would be treated as the company was willing to cooperate in terms of any requirement to come and sit at a table to resolve the issues

Lagos shuts major routes, declares work-free day for Buhari’s visit on 29th March

Lagos State Government has declared Thursday, March 29, a work-free day in the State ahead of President Muhammadu Buhari’s two-day visit to the state.

It was done to enable residents come out en masse to welcome President Buhari.

Also, the Commissioner of Police in the state, Imohimi Edgal, on Tuesday, said there would be temporary road closure and diversions in some areas.

The routes to be closed are Ikeja, Agege, Maryland, Ikoyi, and Victoria Island.

Edgal made the announcement at a news conference in Lagos to update the public on security plans for the President’s visit.

He said that President Muhammadu Buhari would be in Lagos on a two-day official visit on Thursday, March 29 and Friday, March 30.

Read also: FGN’s total domestic debt service payments have doubled in five years, from N701bn in 2012 to N1.48trn last year

The Police commissioner said that President Buhari would be attending a colloquium marking the 66th birthday of Asiwaju Bola Tinubu at Victoria Island, and also be at the official flag-off ceremony for the construction of the Lekki Deep Sea Port Project in Epe.

Security engagements are in top gear, as we are working with the Federal Road Safety Corps, Nigerian Navy, Nigeria Security and Civil Defence Corps, Lagos State Traffic Management Authority and the Lagos State Emergency Management Agency.

Edgal expressed deep regrets for any inconveniences, saying the listed roads would be reopened immediately after the President’s motorcade passes.
He advised motorists, commercial bus operators and commercial motorcycle riders to observe road diversions or use alternative routes.

Badoo | Nigerian Comedian lynched by crowd that mistook him for Badoo member

A Nigerian comedian, Chinedu Paul who was popularly called Think Twice, has been reportedly lynched to death by residents of a community in Ikorodu, Lagos State after he was mistaken for a member of the deadly Badoo Cult gang. A friend of the late comedian, Ajibolade Oluwafemi who posted the sad news on his Facebook page, said Paul was one of the three young men who were set ablaze in the early hours of Saturday, July 1, 2017, after they were mistaken for Badoo members.

Oluwafemi narrated that the deceased and his friends were accosted in an SUV shortly after he came back from a talk show hosted by Ikponmwosa Osakioduwa also known as IK.
Oluwafemi added that MC Think Twice’s car had broken down and he had to get his mechanic to go and tow the vehicle but unfortunately, they were accosted by some vigilante members and their explanations fell on deaf ears. They were beaten and burnt to death on the suspicion that they were members of the Badoo cult group that has been terrorizing residents of Ikorodu for a long time now.