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‘Technology, Sure Way to Boost Lagos Economy’ -Hamzat

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Lagos State Deputy Governor, Dr Obafemi Hamzat has assured Lagosians of the ability of the Babajide Sanwo-Olu’s administration to make the economy of Lagos bigger and more viable than it is at the moment.

Dr.Hamzat gave the assurance at an Engineering Summit Africa, organised by the engineering students of Lagos State University in Lagos, where he said the government was positioning the state as a technology talent hub for the world through training and job placement.

Dr. Hamzat said that Governor Babajide Sanwo-Olu’s administration was convinced that an easy way to boost the Lagos economy was to invest in engineering, technology, and innovation.

According to him, the state government is aware that there is a skill deficiency in Africa, and that Sanwo-Olu’s administration is willing to close it with talents in Lagos.

“Any responsible government will be alarmed by the number of youth unemployment and make sure it is a top priority.

“This is why we are speaking with the private sector now on positioning Lagos as a technology talent pipeline for the world through training and job placement.

“Our plan is to train 1,000 youths (working population) on how to code every year and produce entry and intermediate level skills set for the world to recruit from.

“Lagos can reinvent itself; we can be the largest exporter of engineers and or technology.

“We can be the largest software exporter in the world; we can as well be the largest health technology developer. We can do it, if we are all invested and proactive,” he said

Hamzat, who was represented by Mr Radaq Ajala, Chairman, Odi-Olowo Local Council Development Area, Musin, lamented that globally, engineering appeared to be experiencing skills shortage.

According to him, the type of engineering that students are studying does not always match the type of engineers required by specific countries.

BUSINESS

Alaba Amalgamated Council commiserates with Ojo police station, donates items for rebuilding

…thanks Gov. Sanwo-Olu for re-opening Lagos markets

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By Adeola Oluwaseun Oluwole

A week after a widespread arson which left many public utilities burnt in Lagos including police stations, the Alaba Amalgamated Council of Sectional heads have commiserated with Ojo police station and donated items to fast-track the rebuilding of the station.

The Council which visited the dilapidated police property on Tuesday 27th of October, 2020 to see the level of damage and to show their support to the command also facilitated the re-roofing of the station

The council of sectional heads led by the president Ichie Fabian E. Ezorjika donated office tables, chairs, electronics and a power generating set to the station.

Also, the roofing of the police station was changed and sponsored by Evang. Paulilus Ugochukwu ( a.k.a Sound Prince).

Ojo local government Chairman Hon. Rosulu Idowu donated and an Ilux van to the station as their patrol van was also burnt during the incidence.

In another development, the Alaba International Amalgamated Traders Association (Council of Sections) has expressed appreciation to the Lagos state government, Babajide Sanwo-Olu for the promptness in re-opening markets in the state after last week’s riots.

Th association commended governor Sanwoolu for yielding to the cries of its members on the inconveniences the one-day on, and one-day off pattern characterized by the pandemic caused them economically.

They promised to adhere to the Nigeria Centre for Disease Control (NCDC)’s rules guiding against Covid-19 and ensure full compliance of traders in tax payment.

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BUSINESS

ALERT: Panic buying in Lagos as fear of petrol pump price hike grips residents

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Lagosians this morning embarked on panic fuel buying as petrol stations across the metropolis become crowded with vehicles and people who want to buy the product in jerrycans.

This may not be unconnected with the Tuesday’s announcement by the the downstream subsidiary of the Nigerian National Petroleum Corporation, NNPC, the Petroleum Products Marketing Company, PPMC, which fixed the ex-depot price of Premium Motor Spirit, PMS, also known as petrol, at N138.62 per litre

When asked why the panic buying, some motorists who spoke with GidiNews blamed on it on the inconsistency of the government over the fixing of petroleum pump price in recent time.

“We are not sure what could come up next and so, one has to prepare well for every eventuality that may occur. I am a businessman and I cannot afford to look on, while my investments are always affected by unpredictable government policies. I need to fill my tank, at least for the rest of the week and that is why I am here” A motorist told our correspondent in Ogba Ikeja.

A filling station along College Road, Ogba

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“We really don’t know how much petrol is consumed in Nigeria, daily” -NNPC

Agency says around 54 million litres of petroleum product are evacuated from the depot daily

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The agency responsible for petroleum matters in the country, the Nigerian National Petroleum Corporation (NNPC) said it does not have data about the volume of petroleum consumed in Nigeria,daily.

NNPC’s Group Managing Director, Mele Kyari dropped the shocker at an interactive hearing on “Exiting Petroleum Subsidy: Ensuring Self – Sufficiency in Domestic Refining of Petroleum Products”.

Mr. Kyari however said the agency has records of quantity being lifted from depots across the nation, adding that the price of fuel at the borders is higher than the official rate..

He said, “We don’t know how much petroleum we consume daily in this country but we know how much of the product that is taken out of our depot.

“This year, around 54 million litres of petroleum product are evacuated from the depot daily but the consumption is somewhere below that.

“NNPC has no knowledge of the amount of the product that are transported through Nigeria’s borders to neighbouring countries. It is impossible to know, nobody declares it, and therefore as it crosses, it goes.” He said

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