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

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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)

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

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 President Bola Tinubu has approved the establishment of a committee to oversee the Green Economic Initiative, known as the Presidential Committee on Climate Action and Green Economic Solutions.

Tinubu also approved the appointment of Chief Ajuri Ngelale as Special Envoy on Climate Action and will retain his role as the Special Adviser to the President on Media & Publicity.

This is contained in a statement by Mr Segun Imohiosen, Director, Information & Public Relations, Office of the Secretary to the Government of the Federation, on Sunday in Abuja.

Reports says that this is part of a strategic move of the President to ensure the advancement of his administration’s climate and green economic initiatives.

The committee will coordinate and oversee all the policies and programmes on climate action and green economic development.

This is to remove the constraints to coordination, foster a whole-of-government approach to climate-action programmes and provide an efficient governance architecture.

It will ensure that all the relevant institutions in the sector are plugged into the President’s vision and are collectively implementing the Renewed Hope Agenda on climate action.

The committee consists of President Bola Tinubu – Chairman; Balarabe Abbas Lawal (Minister of Environment) – Vice-Chairman; and Ajuri-Obari Ngelale (Special Adviser) – Secretary/Special Presidential Envoy.

The members are Lazarus Angbazo (CEO, InfraCorp); Salisu Dahiru (CEO, NCCC); Michael Ohiani (CEO, ICRC); Aisha Rimi (CEO, NIPC); and Aminu Umar-Sadiq (CEO, NSIA).

Others are Yusuf Maina-Bukar (CEO, NAGGW); Abdullahi Mustapha (CEO, ECN); Abba Abubakar Aliyu (CEO, REA); Uzoma Nwagba (CEO, CrediCorp) and Khalil Halilu (CEO, NASENI).

Fatima Shinkafi (CEO, SMDF); Bala Bello (Deputy Governor, CBN); Lolade Abiola (UN SE4ALL); Teni Majekodunmi (NCCC Adviser) and Representative, (Federal Ministry of FCT) as members.

Other representative members are Federal Ministries of Finance; Power; Industry, Trade & Investment; Water Resources; and Agriculture & Food Security.

The committee members also include representatives of the Federal Inland Revenue Service and the Nigeria Customs Service.

The committee shall, among other functions, identify, develop, and implement innovative non-oil & non-gas climate action initiatives.

It will coordinate all the activities of relevant federal institutions towards the attainment of all agreed climate action and green economic objectives and non-oil/non-gas ambitions of the federal government.

It will also collaborate with all the relevant government, sub-national governments, non-government, and civil society entities towards the attainment of the climate action objectives and ambitions of the federal government.

In the same vein, it will collaborate with national governments and multilateral institutions towards the attainment of the climate action objectives and carbon market ambitions of the federal government.

The committee wiil also monitor, evaluate and guide the progress of all climate action and renewable energy projects and activities of the federal government.

Other functions include: ”Track and guide the implementation of initiatives and developments conducted by the Energy Transition Working Group.

”Supervise the work of the Presidential Steering Committee on Project Evergreen.

”Prepare a half-yearly green ambitions update, covering all associated climate action achievements of the Federal Government.”

Imohiosen said that Tinubu remained committed to achieving Nigeria’s green economy objectives on the path of a just energy transition while unlocking new investments in this critical sector.(NAN) 

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ASUU Kicks as FG Unveils Tertiary Institutions’ Governing Council

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A few days after the Academic Staff Union of Universities gave the Federal Government an ultimatum over the failure to reconstitute the governing councils of universities across the country, the list of members of 111 tertiary institutions has been unveiled.

The 111 tertiary institutions include universities, polytechnics, and colleges of education.

This was as ASUU President, Prof Emmanuel Osodeke, said the Federal Government was expected to reinstate the “illegally” dissolved governing councils and not to constitute new ones.

Osodeke also stated that the demand from the union was not only about the dissolved governing councils of tertiary institutions, adding that the Federal Government should implement other requests of ASUU.

Notable among the members of the councils unveiled include former Chairman of the Independent National Electoral Commission, Prof. Attahiru Jega; two prominent Nigerian lawyers and Senior Advocate of Nigeria, Wole Olanipekun and Yusuf Alli; former Executive Secretary of the National Universities Commission, Peter Okebukola, and labour activist, Issa Aremu.

ASUU had on Tuesday issued a two-week ultimatum to the Nigerian government to address its key concerns including what it described as the illegal dissolution of governing councils of the universities, continued payment of its members’ salaries using the Integrated Payroll and Personnel Information System, among other issues.

As released by the Federal Ministry of Education and signed by its Permanent Secretary, Didi Walson-Jack, the list comprises five names each for 50 universities, 37 polytechnics, and 24 colleges of education.

While Jega will serve as the Chairman of the Governing Council of the Usmanu Danfodiyo University, Sokoto, Messrs Olanipeku, Alli, Okubukola and Aremu will chair the councils for the University of Lagos, Federal University of Agriculture, Abeokuta, University of Port Harcourt, Rivers State, and Federal College of Education (Technical), Keana, Nasarawa State, respectively.

Others on the list include the former governor of Bauchi State, Isa Yuguda, who will chair the governing council of the National Open University of Nigeria, Joy Emordi, a former Senator, who will chair the council of Alvan Ikoku Federal University of Education, Owerri, Imo State, and a former Secretary to the Government of the Federation, Yayale Ahmed, who is appointed to lead the council of Ahmadu Bello University, Zaria, Kaduna State.

The immediate-past Executive Secretary of NUC, Adamu Rasheed, who resigned from office a few months into his second term in office, was also named to chair the governing council of the Federal University of Health Sciences, Otukpo, Benue State.

According to the statement, the inauguration and retreat for the new governing council members will take place on Thursday and Friday, 30 and 31 May, at the National Universities Commission’s headquarters in Abuja.

In June 2023, President Bola Tinubu announced the dissolution of the governing councils of major government agencies and institutions including those of the higher institutions of learning.

In an interview at the weekend, ASUU President Osodeke, said, “It is not just about the governing council alone, it is just one of them. Secondly, we said they should reinstate the illegally dissolved governing council. We didn’t say they should constitute a new one. As far as we are concerned, they have not met any.”

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Sacrifice and Selflessness as Hallmark of Leadership 

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By Lawrence Onoja

It gives me great pleasure and | am truly honoured to be asked to serve as Guest Speaker in this memorable celebration on the occasion of the 58th birthday anniversary and one year in Office in honour of His Excellency, Rev Fr. Hyacinth lormem Alia PhD, the Executive Governor of Benue State who by the grace of God Almighty is the people’s father, a rare politician, gentleman, philanthropist, philosopher, and a dogged believer in Mr.

President’s Renewed Hope Agenda as it supports the development and liberation of the oppressed and less privileged people of Benue State and beyond.
 

2. Today the good people of Benue State and their friends have gathered for a double’ celebration.

One is to thank God Almighty for His help in the last one year since His Excellency was sworn in as the Executive Governor of Benue State. The second Is also appreciating God for adding another year to our Sactificial Governor. Permit me to dwell on the sacrificial and selfless nature of His Excellency as you will all agree with me that His Excellency has indeed made a great sacrifice in my opinion to take up the mantle to serve as Governor of Benue State. 

Gaylord Nelson, an American Politician and environmentalist, emphasizes the importance of sacrificing for the benefit of future generations in this quote: 

“The Ultimate test of a man’s conscience may be his willingness: to sacrifice something for future generations whose words of thanks will not be heard” This suggests that true moral character is demonstrated by the willingness to make sacrifices today that will have a positive impact on the future, even if those future generations may never know or express gratitude. This clearly describes the decision His Excellency has taken and also encourages all of us gathered here today to consider the long-term consequences of our actions and to prioritize the well-being of future generations over immediate gratification. By applying this we can collectively make choices that contributes to a sustainable and thriving future for the good people of Benue State and the nation at large. 

3. I have observed with keen interest the unalloyed commitment of His Excellency Rev Fr Alia to good governance, transparency, openness, accountability, and fairness: Which are rare attributes in public servants of our time. It is not surprising that His Excellency places premium on the people as the centrepiece for the delivery of democratic governance in Benue State since the inauguration of his Administration on 29″ of May 2023. Thus, the unique understanding of the value of esteem public trust underlies Father’s political philosophy which has found expression in his governance style. 

4. Sadly, His Excellency is experiencing unpleasantness in some political quaters to whom he has continued to show unreserved love with the expectations that those political misunderstanding and misrepresentation would be transformed into platforms for fostering political cooperation, understanding, confidence building, consensus building, and good governance. Our prayer for His Excellency is that by God’s Grace and Strength he will not relent on the path of love for the people, good governance, accountability, transparency, openness and accommodation. It is our prayer that the Lord God Almighty will continue to grant him victories for the consolidation of the Unity of Benue State. We are also convinced he has good intention for our people. 

5. His Excellency is one of the few Nigerian Governors that brought in his personal convictions to bear on his leadership style, governance, and politics. Within his years of sojourn in politics, | have noticed that his humble, courageous and peaceful disposition has brought goodwill to Benue State. He has been able to selflessly deploy public resources towards equitable development of the State, especially with the renovation of township roads in all the senatorial zones of the state, and the improvement of the State’s Internally Generate Revenue (IGR) through discipline and blockage of leakages. This is because he is consciously working for the collective good of the people that he has heavily sacrificed for. Happily, the majority of Benue people have continued to value your humble and peaceful disposition in the area of security and welfare even in the face of challenges. Your Excellency has been a shoulder, a helping hand, a shelter in the storm, an anchor from life’s battle and a compass for our people that are displaced by terrorists. He is helping us to navigate our ways to safety and comfort. May God bless and reward you. 

6. It is in view of the foregoing that | take the pleasure to appreciate His Excellency’s leadership style that have started yielding developmental strides to our agrarian communities in Benue State. I have had privileged encounters with eminent Nigerians who also recounted their admiration with the way and manner you are navigating the Ship of government away from turbulence, acrimony and aggrandisement. Indeed, the rural people in Benue have continued to express their joy with the support and care they have been receiving from His Excellency’s Administration, including both serving and retired civil and public servants, on account of the payment of the arrears of unpaid salaries, pension and gratuities. Although, you were not in government before your election, but you spontaneously went to work in addressing the fundamental concerns of civil and public servants in the State including the remodelling of the Benue State Secretariat to ensure that civil servants have a very conducive working environment for optimum productivity. Our prayer for you is for God to grant you the needed grace and wisdom to complete what you have started at the end of your second term in office by God’s grace, 

7. Indeed, our compatriots have also recounted to us the testimonies of His Excellency’s love for the people in need of assiStance, especially the displaced and less privileged in the Society. This is a testament of his love for the Lord Jesus Christ. Little wonder, you help and provide succour to people effortlessly — without consideration of class, creed, sex, ethnicity and reward opportunities. Certainly, Your Excellency’s years of dedication to the service of the Lord has trained and equipped you with the requisite leadership skills, Knowledge and techniques to pilot the affairs of the State at this critical time. Little wonder, Your Excellency’s contributions to national discourse are unparallel in terms of the depth of wisdom, knowledge and_ pro-people suggestions. | urge you not to relent but be strong and courageous .as you hold on to the word of God in Joshua 1:9 that encourages you to be confident in God’s presence and protection. The LorD will be with you wherever you go. 

8. As I join millions of Your Excellency’s admirers, well-wishers and supporters across the world to rejoice with you on this year’s birthday anniversary and one year in Office, I wish you long life, sound health, victories in life’s battles, and the Grace to continue to lead our people to the promised land. 

9. Congratulations once more, Your Excellency 

Thank you very much for listening and may God bless you. 

Maj. Gen. (rtd.) Lawrence A. Onoja, Ph.D, CFR, mni Former Military Governor of Plateau and Katsina States delivered this lecture at the 58th Birthday of Rev Fr Dr Hyacinth Iormen Alia, Governor of Benue State in Makurdi, May 18, 2024.

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