NEWS
Recycling: Equipment Lease, an Alternative to Accessing Advance Machines — Experts

Experts in the waste recycling space have urged operators within the ecosystem to embrace equipment leasing as innovative means to access advanced and latest machinery to remain competitive in the business.
They made the urge at an awareness consultation with the title: “Enhancing Micro, Small and Medium-sized Enterprises (MSMEs) Access to Financing Through Equipment Leasing”, held on Thursday in Lagos.
The awareness consultations and networking event was put together by the Lagos State Ministry of Environment and Water Resources, Lagos State Waste Management Agency (LAWMA), in collaboration with the Equipment Leasing Association of Nigeria (ELAN).
Report says that the collaboration was supported by the Pro-Poor Growth and Promotion of Equipment in Nigeria Programme (SEDIN), a programme by the German Agency for International Corporation (GIZ).
In her Welcome Address, Mrs Sina Uti-Waziri, Head of Component, Local Economic Development (GIZ-SEDIN), said that leasing had emerged as a viable option to support MSMEs to easily access financing.
Uti-Waziri said: “Equipment leasing is a financial product that allows businesses to rent equipments for a period of time as against purchasing it outrightly and not incurring the significant cost associated with procurement.
“It is especially important for MSMEs with limited financial resources. It is an opportunity for businesses to access the latest and most advanced equipment and machinery which allows them to stay competitive .
“Equipment leasing is particularly an interesting product in the plastic recycling sector because they are quite expensive to procure and leasing comes as an innovative alternative,” she said.
Mr Markus Wauschkuhn, Head of Programme, GIZ-SEDIN, said that the limited awareness and knowledge of leasing to MSMEs had slowed the development of the industry as it should focus mainly on assets that are suitable for MSMEs.
Wauschkuhn said: “The event is to enhance the knowledge of equipment leasing among state MSME agencies and other key stakeholders within and outside the plastic recycling ecosystem in the state.
“To capitalise on the opportunities for equipment lessors and other private sector players, who are keen on supporting MSMEs and provide business case for seeking additional investment, to the plastic recycling value chain,” he said.
He added that bringing stakeholders together was to discuss strategies and recommendations that leasing companies and other investors should follow in other to implement policies to grow access to finance for MSMEs in the plastic recycling ecosystem.
Mr Ibrahim Odumboni, Managing Director, Lagos Waste Management Authority (LAWMA), in his Opening Remarks, said that Lagos State generates 13,000 metric tonnes of wastes daily and 15 per cent was plastic.
Odumboni, who was represented by M Akinbulo Ayobami, said that recovery of plastic wastes had been challenging, noting that only about 10 per cent of plastic waste was recovered daily.
He said collection of sorted wastes after they had been recovered was a challenge and for recovered wastes to be profitable, value should be added.
Mrs Elizabeth Ehigiamusoe, the Chairman of ELAN said that the recycling industry in Nigeria had been estimated to worth two billion dollars, while struggling to live up to this lofty estimation.
According to him, this is due to the menace of indiscriminate disposal of waste, poor orientation and capacity to effectively convert this liability to a viable economic opportunity.
Ehigiamusoe, who was represented by Mr Tunde Netufo, Vice Chairman, ELAN, said: “This is where equipment leasing comes in to provide the necessary productive assets to strengthen the capacity of operators in this industry.
“Leasing can be brought to bear in this regard, as it facilitates easy and convenient access to the much-needed assets for productive ventures,” she noted.
Mr Andrew Emonuwa, the Executive Secretary of ELAN said that some of the challenges faced in the plastic recycling space included; insufficient funding; rapid population growth; poor investment in infrastructure development; inadequate technical capacity among others. (NAN)
NEWS
NPC Commissioner Designate Donates N55m Classrooms to Nasarawa Community

Dr Joseph Kigbu, newly appointed Federal Commissioner, National Population Commission (NPC) representing Nasarawa State, has donated a classroom block worth N55 million to the Barki Abdullahi (BAD) community, Lafia Local Government Area.
Kigbu inaugurated and handed over the project at the Roman Catholic Mission (RCM) Primary School to government on Friday in Barki Abdullahi.
He said that the donation was meant to give back to the community that made him what he had become in the society.
Kigbu, a former Federal lawmaker representing Lafia/Obi Federal Constituency in the House of Representatives, was recently appointed by President Bola Tinubu as a Commissioner to represent Nasarawa State at the NPC, but yet to assume office.
He explained that the structure consisted of three classrooms, an office, all connected to solar system, and national power grid.
“This is the school I attended and since God has blessed us, we must support the school and make it more conducive for learning.
“Students in our villages do not need to go to schools in cities before they use electricity to learn,” he added.
Kigbu said he had dedicated his life to serving humanity both in and out of public office.
He said: “Even before I was elected to the House of Representatives in 2011, I had a medical forum that offered free medical treatments to indigent people across the state.
“While in public office, there was no part of my constituency that I had not made a mark in terms of projects and empowerment.
“I gave them quality representation, and the free medical treatments are still ongoing in the state and other parts of the country.
“I have also completed the building of the multi-billion naira hospital for the poor in Azuba, Lafia.
“The hospital, equipped with state-of-the-art equipments, would begin operation in September 2025.
“The hospital is for the poor and services will be free of charge by the grace of God.”
He also used the opportunity to appreciate President Tinubu and Gov. Abdullahi Sule for his recent appointment as a federal commissioner to represent the state in NPC.
He further declared his intention to join the 2027 governorship race in the state.
Receiving the project, Gov. Abdullahi Sule represented by Mohammed Sani-Bala, Permanent Secretary, Ministry of Education, thanked the philanthropist for the gesture.
He described the project as special one that would go a long way to complement the effort of the government toward providing quality education in the state.
Similarly, Dr Aliyu Bello, Nasarawa State Chairman of All Progressives Congress (APC), appreciated the donor for his philanthropic efforts.
Bello congratulated Kigbu on his new appointment and called on other leaders to emulate him and give back to their communities. (NAN).
NEWS
BEDC Rejects Alleged Takeover Plot by Ondo Govt, Urges Respect for Regulatory Framework

The Benin Electricity Distribution Company (BEDC) and its subsidiary, BEDC Electricity Ondo Limited (BEOL), have strongly condemned an alleged plan by the Ondo State Government to assume control of electricity distribution operations in the state.The condemnation was issued in a statement responding to the announcement by the Special Assistant to the Ondo State Governor on Power, describing the state government’s move as illegal, provocative, and disruptive to ongoing partnerships.
BEDC’s statement was released on Friday in Benin by its Chief Revenue Cycle Manager, Mr Collins Igwe.According to Igwe, while the Electricity Act 2023 empowers states to regulate their electricity markets, it does not authorise them to unilaterally take over distribution operations.BEDC stated that any such move would violate the joint communiqué reached after a strategic meeting between BEDC/BEOL and the Ondo state government aimed at addressing power challenges.“Any such move undermines the spirit of collaboration and mutual understanding agreed upon to resolve electricity issues in the state.“We have a legal mandate to operate in Ondo. This attempted encroachment is unacceptable,” Igwe said.He emphasised that the power supply challenges in Ondo were part of broader national issues, and reiterated BEDC’s commitment—through BEOL—to implementing long-term, sustainable solutions.“We are open to partnerships, but any approach must respect due legal processes and the agreements made in good faith,” he added.Igwe also explained that the jointly signed communiqué established a clear roadmap for collaborative solutions.He said it recommended the creation of a power supply committee to address electricity access in underserved and unserved communities through a mutually agreed framework.The company warned that any unilateral action or interference in its operations would constitute a breach of agreement and could disrupt electricity distribution services across the state.“The company reaffirmed that it remains the duly licensed operator in Ondo and will protect its infrastructure in line with Nigerian laws and regulatory standards.“We call on those currently attempting to interfere with our infrastructure to desist immediately to avoid legal consequences,” the statement said.Igwe further urged the public to disregard the controversial publication, describing it as misleading, unauthorised, and detrimental to ongoing collaborative efforts.He reaffirmed the company’s commitment to delivering improved electricity services in Ondo state, prioritising transparency, legal compliance, and community engagement.“We remain focused on constructive dialogue with all stakeholders to ensure sustained progress and stability in Ondo state’s power sector,” Igwe said.(NAN)NEWS
EFCC Arrests 78 Suspected Internet Fraudsters in Nasarawa, Abia, Kano

The Economic and Financial Crimes Commission (EFCC) has arrested 78 suspected internet fraudsters in Kano, Nasarawa and Abia.
Its spokesperson, Dele Oyewale, said this in a statement on Friday in Abuja.
He said that the EFCC operatives on Friday, arrested 43 suspected internet fraudsters in Toto, Nasarawa State.
According to him, their arrest followed actionable intelligence which linked them to fraudulent internet activities.
”Items recovered from them include five motorcycles, 64 mobile phones, four laptop computers and an iPad,’ he said.
Oyewale said that in a related development, the EFCC’s operatives on Thursday arrested 30 suspected internet fraudsters at Ariam and Ubakala in Abia.
He said the items recovered from them included four cars, one iPad, three laptop computers, one sound system, fourty two cell phones and one external hard drive.
”In the same vein, operatives of the Kano Zonal Directorate of the Commission equally arrested five suspected cyber criminals in Kano.
”The suspects were apprehended on Tuesday, during a sting operation at Farm Centre, Kano following actionable intelligence on their alleged involvement in internet fraud and related financial crimes.
”The suspects were arrested alongside their mobile phones,” he said.
According to him, all the suspects will be arraigned in court upon conclusion of investigations,” he said. (NAN)