Connect with us

BUSINESS

FG, Coy to Distribute 1m Clean Cookstoves to Curtail Use of Firewoods

Published

on

Share


The Federal Government, in partnership with the Atmosfair, a German company yesterday revealed plans to distribute one million ‘Save80 Clean Cookstoves’ annually to curtail the use of firewoods by 80 per cent.
The Director-General of National Council on Climate Change, Dr Salisu Dahiru, made the disclosure while briefing newsmen on the sidelines of a Sensitisation programme for North Central Women, held in Keffi Local Government Area of Nasarawa State.


He said that the cookstove had been invented and designed in such a way that it would help families save at least 80 per cent of all the firewoods that they use in cooking a standard meal for any family.

Dahiru assured that the Federal Government would provide an enabling environment for Atmosfair to ensure that the cookstoves were made available and affordable at all times to the people.

“That is exactly what we are doing and that is why we are partnering with the private sector. Remember this is an invention outside Nigeria but we made it so easy.
“And governments at the Federal and the state levels have made it possible for this company to invest in Nigeria, to set up a factory in Kano and set up an assembly plan here in Agada village, Keffi where they will bring the completely nocked down pieces and assemble it.
“As far as these factories are concerned, the target is to be able to produce on an annual basis, one million of these cookstoves and distributed annual but we are starting on a phase by phase basis.
“We are going to start with about 100,000 and then increase the capacity of the assembly plant because once the existing plan is working they are going to open another one in Kebbi state so that by next year the target will reach about 500,000 on an annual basis and then we seal it up to one million per annum,” he said.
The director-general said that the issue of climate change was one of the most important issues that affect everybody, both the rich and poor, small or developed countries.
Dahiru said that one way by which the effects of the climate change could be controlled was by tree planting, noting that cutting down the trees was one sure way that has led the world to fall into the problem.
“In Nigeria, we know that one of the ways we harvest and use trees is for cooking. Remember, we have a population of over 200 million, if 80 per cent of these 200 million are relying on firewood as the main source of energy for cooking and heating whether it is direct firewood or you are using charcoal is all firewood.
“Tell me the area that will be felt every year just to get firewood for cooking is so much that if something concrete is not done, then we will continue to deflect our forests, we will lose the forests and we will lose the soil.
“And it will not be able to support agriculture and then it will become desert and people will migrate and go to the areas where there is still little forest and the community in those places where you have little forests begin to resist them and then communal clashes will come,” he said.
Earlier, the Chief Executive Officer of Atmosfair gGmbh, Dr Dietrich Brockhagen, explained that the cookstove not only save about 80 per cent of cost, but it also has 10 years guarantee.
“When I first came to Nigeria 10 years ago, I traveled from the South West Lagos up to Katsina and when I saw the beautiful landscape and I met so many Nigerians and I realized how much forest was degraded.
“I saw many women cooking with firewoods and they were suffering from pollution and I said ok there must be solution to this and some of my Nigerian friends told me that even the tension between herders and farmers sometimes can be linked to erosion and land degradation.
“So, I said may be if I bring efficient cookstove to Nigeria it might be a solution and there could be changed and this is what I have been trying ever since,” he said.
Also speaking, Amb. Faruk Malami-Yabo, the Chairman, Board of Advisory of the company and former Nigerian Ambassador to Jordan, said the cookstoves would not only enhance cooking process, but also save the environment from the negative effects of climate change. (NAN)

BUSINESS

NAICOM, RMAFC Collaborate on Economic Diversification

Published

on

Share

By Tony Obiechina, Abuja
The Commissioner for Insurance/CEO, Mr. Olusegun Ayo Omosehin, and his management team have met with the members of the Constitutional Committee on “Mobilisation and Diversification” of the Revenue Mobilisation Allocation and Fiscal Commission ( RMAFC) led by Engr.

Sani Mohammed Baba, to explore ways of diversifying the Nigerian economy.

During their working visit to NAICOM Headquarters, Mr.
Olusegun Ayo Omosehin, in his opening remarks, reaffirmed the critical role of the insurance sector regulator in supervising, regulating, and safeguarding the interests of insurance policyholders.
He highlighted insurance’s pivotal role in mobilising savings for long-term developmental projects and enabling businesses to thrive while managing risks effectively.

He also stressed the Commission’s commitment to ensuring insurance companies meet their obligations, thus contributing to the sustainability of the economy.
Speaking, Mohammed Baba emphasised the importance of revenue generation, institutional expansion, and employment creation for Nigerians through collaborative efforts.
The Commissioner for Insurance also acknowledged President Bola Ahmed Tinubu’s ambitious goal of growing the Nigerian economy to One Trillion United States Dollars ($1 trillion) by 2026.
He expressed the insurance sector’s intent to significantly contribute to this objective. Additionally, he mentioned ongoing efforts to embed insurance within the National Credit Scheme to ensure its sustainability.
Mr. Omosehin stressed the need for continuous advocacy and sensitization of government institutions about the vital role of insurance in national economic development.

Continue Reading

BUSINESS

22,000 Beneficiaries to Get N50,000 Nano Businesses Grant in Kogi

Published

on

Share

From Joseph Amedu, Lokoja
No fewer than 22,000 beneficiaries in Kogi will get N50,000 each, under the Presidential Conditional Grant Scheme (PCGS) to boost Micro, Small and Medium Enterprises (MSMEs) in the state
The Managing Director and Chief Executive Officer (MD/CEO) of Kogi Enterprise Development Agency (KEDA), Hon.

Muhammed Kadiri Okeji, disclosed this on Thursday during enrollment exercise at the palace of Ohinoyi of Ebiraland, Okene.

Okeji said the PCGS was being  implemented by the Federal Ministry of Industry, Trade and Investment through the Bank of Industry (BOI) in partnership with the Kogi Government in line with the Renewed Hope Agenda of President Bola Tinubu.
He noted that the PCGS enrollment for beneficiaries of Nano businesses was flagged by Kogi Government simultaneously on Wednesday across the three senatorial districts in Okene, Ankpa and Kabba respectively.

He disclosed that over 22,000 beneficiaries across the 21 local government areas of Kogi would receive N50,000 each as grant to boost their nano businesses and improve sustainability.
According to him, about 1070 beneficiaries would get the grant from each of the 21 local government areas across the state.
“The PCGS is aimed at ameliorating the harrowing effects of the fuel subsidy removal, to provide a one-off grant of N50,000 to over 22,000 Nano business owners across Kogi State.
“We are grateful to Mr President for the impactful initiative at a time of stiff economic challenges for both businesses and the generality of Nigerian citizens.
“Mr President’s gesture is a sensitive step towards safeguarding the small business ecosystem which is the lifewire of the nation’s economy,” he said.
Okeji expressed gratitude to Gov. Ahmed Ododo for keying into the initiative and providing the adequate resources required to draw down the benefits to thousands of Kogi Nano businesses.
This, he said the governor was fulfilling his determination to strengthen the MSMEs which remained the backbone of the nation’s economy.
He added: “We thank our governor for swinging into action to provide the needed resources to complement the effort of the federal government in flagging off the scheme across Kogi.
“As we embark on this journey of empowering our Nano businesses today, let me remind you that you are the backbone of our economy.
“As such, the government of our dear Gov. Ahmed Ododo is determined to provide all the support that will boost your capacity and survival. We will not let you fail”, Okeji assured.
In his remarks, the Ohinoyi of Ebiraland, HRM Alh. Ahmed Tijani-Anaje, commended President Tinubu for the timely initiative, and eulogised the governor for ensuring that a larger number of Kogi citizens benefited from the scheme.
Our Correspondent reports that Okeji subsequently went round the state to monitor the enrollment exercise in Kabba and Lokoja.
Okeji further said that the enrollment exercise which was being conducted by officials of BoI, was expected to continue till Friday, while disbursement follows immediately.
One of the beneficiaries, Oyiza Bajeh from Adavi, thanked the President for the gesture, and appreciated the Governor for deeming it fit to bring the program to the grassroots.
“When I received a text message from BOI to come for data capture, I dismissed it as one of those scams. But upon a second thought, I decided to give it a tryer.
“Surprisingly, I met a huge crowd of market women, youth and even people with disabilities gathered here at the Ohinoyi palace for the exercise.
“We are very grateful to President Tinubu and Governor Ododo for the gesture,” Bajeh said.

Continue Reading

BUSINESS

Accountant General Declares N318.5b Revenue Inflow in First Quarter

Published

on

Share

By Ubong Ukpong, Abuja
The Accountant General of the Federation, Mrs Oluwatoyin Madein on Wednesday said total revenue inflows to the Federal Government in the first quarter of 2024 amounted to N318.5 billion.
She disclosed this in a hearing by the House of Representatives Committee on Finance to monitor the revenue by agencies of the Federal Government.


Represented by the Director, Revenue Expenses, Felix Ogundayero, she said this was against a total expected revenue of N2.
591 trillion for the year 2024.
She added that a reconciliation of the figures was still ongoing and what was declared is what is available at the moment.
Madein expressed confidence that it would be an exceptional year in terms of revenue for the country based on the policies of the present administration.

She said the bottom up cash planning policy would be adopted in implementing the 2024 budget.
She said, “Reconciliation is still being done but the total revenue inflows to the federal government for January to March amounts to N318. 5 billion as against a total budget of 2.691 trillion.
“For the budget, the bottom up cash planning policy is on course and the 2024 budget is going to be implemented via that policy and officers have been retained and sensitization is ongoing to ensure that MDAs are well equipped on the modalities and conditionalities,” he said.
Chairman of the Committee, Hon James Faleke, said the essence of the sitting was in line with their duty as a parliament to oversee to ensure that the revenue estimates which were submitted by each agency before the 2024 appropriation bill was passed into law are met.
He said, “We have to ensure that those estimates are met. The Appropriation has become a law and so that revenue that you proposed to generate in the year we take it upon ourselves to do it on a quarterly basis to measure your performance.
“We want to ensure that revenue activities from January to March are in line with your appropriation. When you are giving us your figure, you tell us what the figure was expected for the generation and what you have achieved. Also tell us your expenditure,” Faleke said.
Chief Executive Officer of the Ministry of Finance Incorporated (MOFI), Dr Armstrong Takang, also disclosed that so far N101 billion have been declared as dividends by some agencies under it.
He said the report presented was not comprehensive as some agencies were yet to declare their dividends due to various factors.
He said, “So far we have received dividends declared by some companies. But for many others their reports are either being prepared and have not been completed or have been completed but they have not gone to their boards for approval and subsequently the AGM and as such we cannot use the number of their dividends until that has been done based on the corporate governance rules.
“Based on the number so far, it’s about N101 billion from the entities we have identified. We continue with other entities whose dividends have not been paid to ensure we go through the process of them passing it at the board level and the AGM before the figures are sent to us and the money rendered to the treasury.”
The Chairman of the Committee, Faleke, directed that all the agencies under MOFI should produce their annual report for the past 10 years.
“All organisations under MOFI should produce their annual report for the past 10 years and the dividend that ought to have been paid, what ought to have been paid, and what was paid by each of the agencies, and of course evidence of payments,” Faleke said.
The House also berated the Nigerian Agricultural Insurance Corporation for performing far below expectations.
The Corporation, represented by Dr Philip Ashunze, had said out of a total expected revenue of N10 billion, it had only generated N70 million so far.

Continue Reading

Read Our ePaper

Top Stories

NEWS3 hours ago

Tinubu Establishes c’ttee on Green Economic Initiatives, Appoints Ajuri as Special Envoy

Share President Bola Tinubu has approved the establishment of a committee to oversee the Green Economic Initiative, known as the Presidential...

NEWS3 hours ago

ASUU Kicks as FG Unveils Tertiary Institutions’ Governing Council

ShareA few days after the Academic Staff Union of Universities gave the Federal Government an ultimatum over the failure to...

NEWS3 hours ago

Sacrifice and Selflessness as Hallmark of Leadership 

ShareBy Lawrence Onoja It gives me great pleasure and | am truly honoured to be asked to serve as Guest...

SPORTS3 days ago

Para Badminton: Bolaji, Chigozie qualify for Paris 2024 Paralympics

ShareThe duo of Mariam Eniola Bolaji and Jeremiah Chigozie have qualified for the Paris 2024 Paralympic Games coming up from...

NEWS3 days ago

FCTA Moves to Curb Medical Tourism

ShareBy Laide Akinboade, AbujaFederal capital Territory Administration (FCTA) has pledged to provide the necessary support for the successful completion and...

NEWS3 days ago

Ortom, Ode, Asemakaha Felicitates  With Alia on 58th Birthday

ShareFrom Attah Ede, Makurdi  Former Governor of Benue State, Chief Samuel Ortom, the incumbent Deputy Governor, Barr Sam Ode and...

BUSINESS3 days ago

NAICOM, RMAFC Collaborate on Economic Diversification

ShareBy Tony Obiechina, AbujaThe Commissioner for Insurance/CEO, Mr. Olusegun Ayo Omosehin, and his management team have met with the members...

BUSINESS3 days ago

22,000 Beneficiaries to Get N50,000 Nano Businesses Grant in Kogi

ShareFrom Joseph Amedu, LokojaNo fewer than 22,000 beneficiaries in Kogi will get N50,000 each, under the Presidential Conditional Grant Scheme...

dailyasset-greetings dailyasset-greetings
NEWS3 days ago

CBN Unveils Strategy to Boost Remittances

ShareBy Tony Obiechina, AbujaThe Central Bank of Nigeria (CBN) has activated plans to double foreign-currency remittance flows through formal channels...

BUSINESS3 days ago

Accountant General Declares N318.5b Revenue Inflow in First Quarter

ShareBy Ubong Ukpong, AbujaThe Accountant General of the Federation, Mrs Oluwatoyin Madein on Wednesday said total revenue inflows to the...

Copyright © 2021 Daily Asset Limited | Powered by ObajeSoft Inc