Economy
SON, NESREA Collaborate on Environmental Standards
The Standards Organisation of Nigeria (SON) and the National Environmental Standards and Regulations Enforcement Agency (NESREA) will strengthen collaboration to regulate electronic waste in the country.
The organisations expressed their desired collaboration in a statement issued by SON’s Head of Media, Mr Maji Aileku, on Tuesday in Abuja.
Aileku said that the organisations reached the agreement when NESREA’s Director General (D-G), Dr Aliu Jauro, visited the SON’s D-G, Malam Farouk Salim.
According to Aileku, Salim identifies e-waste as a threat to health and the environment when not handled properly.
“The SON D-G decried the general ignorance and the dangers it posed to the larger population while the recyclers prioritise their financial gains over public good.
”According to him, the society has become a dumping ground for toxic materials thus exposing the citizens to diseases such as cancer without knowing the source.
He, therefore, acceded to the idea of a joint committee to work out appropriate measures to integrate areas of common interests between the two organisations.
He said that such step would go a long way in curbing the consequences of the prevalence of e-waste in Nigeria.
The SON DG said that the proposed committee should consider strengthening existing standards, and work towards engendering far reaching regulations of e-waste and its effects on the environment.
Earlier, the NESREA D-G said that the existing collaboration between the two organisations, especially in the areas of standards development, adoption and review, had contributed immensely to the agency’s regulatory efforts in environmental standards.
Jauro, however, expressed concern about the negative effects of electronic waste (e-waste) in Nigeria following the influx of obsolete and near end of life electronics into the country.
He made reference to the effective collaboration of both agencies in an inter-ministerial consultative committee set up by the Federal Government in 2009, to strategise on curbing the influx of e-waste.
He decried the spate of recycling of e-waste materials across the country, which were being carried out in an unhealthy environmental manner and negatively impacting the environment and human.
He sought SON’s support to enhance the effective regulation of e-waste, to mitigate the negative effects in the society.
He suggested that lists of Electrical/Electronic Equipment (EEE) certified under the Mandatory Conformity Assessment Programme (MANCAP) for locally manufactured products, and imports under the offshore conformity assessment programmes (SONCAP) be made available to NESREA.
“This will provide NESREA with the inventory of importers of EEEs.
“It will enable the Agency follow-up and ensure that the goods are appropriately recycled at the end of the life cycle and disposed of properly and in environmentally sound manner,” he said.
The organisations later agreed to harmonise their roles on a take back system in line with the Extended Producer Responsibility (EPR) programme.
They mandated SON to provide necessary inputs to the sanitation and waste control and the EEE sector regulations which were currently under review by a technical committee.(NAN)
The Nigerian Exchange Ltd. (NGX) continued its bullish trend on Wednesday, gaining N183 billion.
Accordingly, the market capitalisation, which opened at N59.532 trillion, gained N184 billion or 0.31 per cent to close at N59.715 trillion.
The All-Share Index also added 0.31 per cent or 303 points, to settle at 98,509.
68, against 98,206. 97 recorded on Tuesday.Consequently, the Year-To-Date (YTD) return increased to 31.
74 per cent.Gains in Aradel Holdings, Zenith Bank, United Bank For Africa(UBA), Oando Plc, Nigerian Breweries among other advanced equities drove the market performance up.
Market breadth closed positive with 34 gainers and 17 losers.
On the gainers’ chart, Africa Prudential, Conoil and RT Briscoe led by 10 per cent each to close at N14.30, N352 and N2.42 per share, respectively.
Golden Guinea Breweries followed by 9.95 per cent to close at N7.18, while NEM Insurance rose by 9.74 per cent to close at N10.70 per share.
On the other hand, Julius Berger led the losers’ chart by 10 per cent to close at N155.25, Secure Electronic Technology Plc trailed by 9.52 per cent to close at 57k per share.
Multiverse lost 7.63 per cent to close at N5.45, Haldane McCall dropped 6.07 per cent to close at N4.95 and Honeywell Flour shed 5.62 per cent to close at N4.70 per share.
Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 49.44 per cent.
A total of 320.10 million shares valued at N6.48 billion were exchanged in 7,943 deals, compared with 939.41 million shares valued at N12.81billion traded in 9,098 deals posted in the previous session.
Meanwhile, ETranzact led the activity chart in volume with 70.27 million shares, while Aradel led in value of deals worth N1.22 billion.(NAN)
The central parity rate of the Chinese currency renminbi, or the Yuan, weakened 22 pips to 7.1870 against the dollar on Monday.This is according to the China Foreign Exchange Trade System.In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.
The central parity rate of the Yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. (Xinhua/NAN)
Arewa Youths Initiative for Energy Reforms (AYIFER), has urged Nigeria National Petroleum Corporation Limited (NNPCL) to do everything possible to bring Kaduna Refinery back into operation.
National Coordinator of the group, Mr Bashir Al’Amin, stated this in a statement issued on Friday in Abuja.
Al’Amin specifically called on the Chief Executive Officer of NNPCL, Mallam Mele Kyari, to do all within his powers to rejuvenate the refinery and bring it up to global standard.
He said that having delivered the Port Harcourt refinery, coupled with the establishment of Dangote Refinery in Lagos, attention should be shifted to Kaduna refinery for easy spread of petroleum products.
“We are calling on Malam Mele Kyari to expedite action on Kaduna refinery so we can be at par with other regions in the country.
“We equally beg the NNPCL to do professional work in rehabilitating the old refinery and deliver a standard and functional petrochemical refinery and not a blending plant.
“Kyari should resist any temptation that could make him do something that can jeopardise his good image,” he said.
Al’Amin said that since the extinction of groundnut pyramid and textiles in Kano State as well as PAN in Kaduna State and with the Kaduna refinery getting moribund, a lot of youths had lost their jobs.
According to him, all their hopes in the north are tied to the legacy refinery, expressing the hope that God would use Kyari to deliver it well and on time.
He said that the group was solidly behind NNPCL in prayer and would be ready to celebrate the company if its expectations were met. (NAN)
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