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Local Electronic Card Industry May Save Nigeria $300m Import Bill

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Nigeria may be saving about $300million annually with local manufacture of electronics card as bank cards alone gulp about $36million.

This was disclosed by the Managing Director of one of the few electronic cards manufacturing firms in sub-Sahara Africa, Electronic Payplus Limited, Bayo Adeokun.

Speaking to some media operatives at the backdrop of commencement of operations at its multimillion dollar new manufacturing installations, Adeokun stated, “Bank cards alone is about $36million every year prior to our intervention. I have not done the cost of SIM card; I have not done the cost of tax card by Lagos State Government for instance and other states that are now coming up with that; I have not talked about the national ID card and I have not talked about the voters card. By the time you put everything together in terms of dollar you will be talking about $300million savings for the country.”

Calling on the Federal Government to take steps to protect investments in the card industry, he stated further, “In this period that remittances from abroad is going down, crude oil revenue is coming low and all of that the government really needs to make a lot of savings in terms of foreign reserves.”

He also harped on the employment value the industry adds to the economy saying, “Prior to this (commencement of its new production lines) Electronic Payplus had about 100 staff. Now, we are up to 150. So, we are also generating employment. I mean, if you look at the nature of Nigeria, those 50 staff, each of them has dependence, so, we are talking of additional 500 or more that we are catering for.”

Giving details of the company’s new production capacity, he said, “We can do any smart card. So, the purpose is to extend it to every area of the economy. I showed you national ID card downstairs we produce for Nigeria. So, we are known to the government. Now, when the present administration came in they said there is no money to finance the production of that again. So, they said they want to go into digital ID card. We are also playing in that space because we have the license.

“We presently enrolled Nigerians in Diaspora. We do local enrollment that is currently ongoing as well. We have the license to produce that. We also are presently working with the Lagos State Government because they want to roll out what is called residency card which is also going to be a payment card. So, we are going to service all the industries.

“We are also talking to telecommunication companies on the possibility of supplying their SIM cards as well.

“Also are looking beyond Nigeria. We have customers all over Africa. All the banks in Gambia we produce all their cards, for instance. We have customers in Ghana, Guinea, Cameroun, Uganda and Kenya.”

On the impact of the company’s new production facility upgrade, he said, “What we have done is 60 million production cards per annum capacity. But the idea is all about improved turn around that we can offer because, today if you give me an order of one million cards, I can deliver it within a week. I can even deliver 250,000 per day to you. So, we believe that, that will be a game changer for us, and in addition we are now able to scale up our capacity utilization as well”.

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VCDF in Partnership with LAWMA & Iru LCDA Conducts ‘Street Hygiene & Cleanliness’ Campaign in Lagos

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Living healthy lives can be enabled by embracing and maintaining cleanliness in our urban surroundings, we not only enhance the hygiene of our streets and drains but also contribute to mitigating the adverse effects of pollution and promoting a sustainable future for generations to come.

On April 6th, 2024, a community-driven initiative took to the streets of Victoria Island, Lagos, in a concerted effort to combat littering, blocked drains, thereby reducing flooding and the deteriorating cleanliness of the neighborhood. The Street Hygiene and Cleanliness Campaign, organized by the Vcare for Development Foundation (VCDF), in collaboration with Sterling Oil Exploration & Energy Production Co. Ltd. (SEEPCO), Iru-Victoria Island LCDA and Lagos State Waste Management Authority (LAWMA) saw an impressive turnout of volunteers and stakeholders determined to make a tangible difference in their environment.

The campaign aimed to promote cleanliness and environmental sustainability in Victoria Island, addressing issues like littering, improper waste disposal and consequent flooding. By providing donations of sanitation tools like rakes, pickers, brooms, and bin bags as well as personal protective equipment like coveralls and gloves, VCDF inspired volunteers and stakeholders to take proactive steps to stop the spread of disease, build community pride, and maintain a clean environment.

The dignitaries present at the event were Princess (Hon.) Rasheedat Abiodun Adu, Executive Chairperson, Iru-Victoria Island LCDA; Mrs. Ogabi Adetokunbo, Council Manager; Mr. S.O. Omoteji, Head of Human Resources, Mr. Odu Olufemi, Head of the Environment, all from Iru Victoria Island LCDA; Mrs. Aramide Olaniyan, Head of Corporate Engagement, Mr. Ebenezer Otubu, Deputy Head, Street Sanitation Services and Mr. Gbenga Adebayo Fagbola, Regional Manager, Lagos East 1, Lagos Waste Management Authority (LAWMA).

Beyond the immediate benefits of an immaculate surrounding, it has encouraged a culture of social responsibility among the workforce and promoted community unity.

Speaking at the event, Mr. Odu Olufemi said, ‘the VCDF initiative is praiseworthy, and maintaining effective sanitation practices is essential for ensuring a healthier Lagos State through recycling materials, segregating waste, desilting drainage systems, and clearing sidewalks for safety and easy access.’

Mrs. Aramide Olaniyan expressed, ‘together, we are not only cleaning streets but also spreading awareness about the value of environmental stewardship for a better tomorrow.’

VCDF is dedicated to embracing sustainability to protect healthy habitats and foster a culture of social responsibility, ensuring the welfare of current and future generations.

By coming together to tackle environmental challenges, residents and stakeholders demonstrated their commitment to creating a cleaner, safer, and more vibrant neighborhood for all.

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VCDF in Partnership with LDSVA Sensitise Women on Gender Equality, Financial Literacy & Entrepreneurship

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Women, the pillars of our society, are resilient and determined as they play essential roles in nurturing families and leading businesses. Despite facing challenges like limited financial resources and unequal opportunities, they persist, inspiring generations and driving positive change.

In honour of Women’s History Month, Vcare for Development Foundation (VCDF), in collaboration with Sterling Oil Exploration & Energy Production Co. Ltd. (SEEPCO) and the Lagos State Domestic and Sexual Violence Agency (LDSVA), embarked on a transformative journey to empower 100 community women, focusing on sexual and domestic violence prevention, financial literacy, and entrepreneurship, on March 27, 2024, in Eti-Osa LGA, Lagos State.

When women are empowered, they become catalysts for progress, influencing not only their own lives but also the lives of their families and those around them. The programme gave the women the opportunity to acquire knowledge on tools that can help their businesses grow, also providing a safe space for women to learn and connect with others, making them feel more confident and capable in making decisions for their businesses.

Distinguished guests present at the event were Mrs. Bello Oluwakemi, Head of the Field Operations Department, Lagos State Domestic and Sexual Violence Agency (LDSVA), Chief Mrs. Eletu-Odibo Wasilat, Community Development Committee Chairman of Eti-Osa LGA, Lagos State, and Mrs. Adenike Akintoye, Head of Women Affairs and Poverty Alleviation Unit, Eti Osa LGA.

While giving her feedback, Chief Mrs. Eletu-Odibo Wasilat said, “community-driven efforts like this initiative are instrumental in driving sustainable change and enabling women to realise their full potential.”

Mrs. Bello Oluwakemi noted during her closing remark, “training women in our communities will improve their livelihoods and contribute to household income, thereby leading to better standards of living.”

This collaborative initiative aligns with the Sustainable Development Goals (SDGs) – Gender Equality (SDG 5) and Reduced Inequalities (SDG 10), which aim to ensure everyone is treated equally and reduce differences between people.

VCDF will continue to educate and empower women for a greater inclusion in society, supporting their advancement and ensuring their meaningful participation in all spheres of life. Together, let us continue to champion the cause of women, celebrate their achievements, and pave the way for a brighter and more equitable future for all.

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Ibom Developers Supports 160 Women with Skill Acquisition Training in Akwa Ibom

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Empowering women with vocational skills is a vital step towards fostering gender equality and inclusive growth in society. This effort involves equipping women with practical expertise that can be applied across various aspects of life, including professional, personal, and entrepreneurial settings. Ibom Developers’ recent initiatives to provide skill acquisition training to women in its host communities aim to help them thrive in society.

On April 8, 2024, Ibom Developers commenced its ongoing skill acquisition training programme, themed ‘Virtuous Women’ in Egwenwe and Okoroinyong communities.
Dignitaries, including His Royal Highness Chief Johnson J. Osiba (Ijongo IV), the Okaama of Egwenwe Community; Mr. Warribo Isaiah, Community Development Chairman, Egwenwe Community; Pastor Johnson Christian Ubulom, Youth President, Egwenwe Community; Mrs. Catherine Monday Ogbofork, Women Leader of Egwenwe Community; Mrs. Sarah Evans Nfeija, Health Officer, Egwenwe Community; and representatives from Okoroinyong community, were present at the inaugural event.

This skill acquisition programme aims to empower 160 women in these communities with expertise in catering, packaging, hairdressing, wigging, ventilation, and styling. The program took place from April 8 to April 20, 2024, at Egwenwe Town Hall and Okoroinyong Town Hall in Eastern Obolo LGA, Akwa Ibom State, imparting essential entrepreneurial skills to the women in the communities.

During the inaugural event, Chief Johnson J. Osiba (Ijongo IV), the Okaama of Egwenwe Community, expressed, ‘‘This empowerment initiative will provide our women with the autonomy and decision-making power they need to become self-sufficient contributors to the growth and development of our community.’’

The participation of women in several economic activities makes their upliftment a potent strategy for economic growth. Their involvement expands the workforce, cultivating heightened innovation and efficiency within the community.

Mrs. Catherine Monday Ogbofork, Women Leader of Egwenwe Community, emphasised, “Access to training tailored to the needs of women allow them to develop specialised skills. I am glad that this programme has offered options that suit our women’s preferences and goals.’’

Acquiring skills for livelihood elevates family status and unlocks entrepreneurial avenues. Ibom Developers is dedicated to promoting entrepreneurship among women and supporting socio-economic empowerment in local communities.

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