Business
Julius Berger, Others Move For Effective Waste Disposal
Five construction companies in the Federal Capital Territory
(FCT) have provided 20 trucks to support Abuja Environmental Protection Board
(AEPB) for waste evacuation in the territory.
The companies are Julius Beggar Nigeria Plc, Dantata and
Sawoe Nigeria Ltd and Groove Nigeria Ltd as well as Salini Ltd and COAN West
Africa, Nigeria Ltd.
Alhaji Isa Shuaibu, the Director of AEPB, made the fact
known on Sunday in Abuja while monitoring waste evacuation in the city.
Shuaibu said the gesture by the companies was to support the
board from time to time to ensure effective cleaning of the city.
The director said the vehicles would work for two days and
would be deployed to different parts of the city to convey waste to designated
dumpsites.
He commended the companies for their support and said the
gesture would go a long way in addressing the challenge of waste evacuation in
the FCT.
Shuaibu said the board would continue to reach out to other
organisations to support AEPB to achieve the herculean task of maintaining a
disease free capital city.
“We are grateful to some of these companies who have
supported us with machines to supplement our machines for waste evacuation.
‘We are calling on other organisations to also support us to
achieve the herculean task of waste evacuation,’’ he said.
The director warned traders of Nyanya market, a suburb in
the FCT against indiscriminate dumping of refuse around the market environment.
Shuaibu threatened to close-down the market if traders
continued to sabotage sanitary measures in the area but assured the traders of
regular evacuation of refuse.
He said that agents of AEPB would be assigned to designated
areas to monitor dumping of refuse in refuse bins and to report to contractors
for onward evacuation.
“I am warning you against indiscriminate dumping of refuse
and I am using this opportunity to urge traders to police this market against
abuses of sanitary rules.
“If this habit continues, we will have no option than to
close down the market because we know the magnitude of waste that emanates from
this market,’’ he said.
Shuaibu however, assured the traders that the FCTA would
collaborate with Nasarawa State Government to bring an end to the
inter-boundary transfer of refuse.
Responding, Mr Ikenna Madunagu, Chairman of Nyanya All
Traders Association, complained that some of the refuse came from the
neighbouring communities in Nasarawa State.
Madunagu maintained that the waste dumping point available
would not contain the pressure from both traders and residents of Nyanya.
“Most of the refuse dumped here is coming from Mararaba and
Masaka axis.
“Some residents from the neighboring communities prefer to
dump their refuse here while driving into the city.
“Our traders alone cannot generate such magnitude of waste
and we are appealing to the AEPB to ensure regular evacuation of this waste to
prevent this area from pollution,’’ he said.
The Tide reports that the board deployed trucks to convey
waste from Nyanya, Lugbe, Utako and Garki Market to designated dump-sites.
Business
Private sector gets N2.2tr credit in 30 days — CBN
Credit to Nigeria’s private sector rose to N83.26 trillion in June 2026 from N81.04 trillion in May, signifying a positive balance of N2.22 trillion month-on-month.
Year-on-year, the figure represents a nine per cent increase compared with the N76.13 trillion recorded in June 2025. The latest figures come as the CBN continues to balance efforts to control inflation with the need to support economic growth and expand credit to businesses.
The CBN data shows that credit to Nigeria’s private sector increased by approximately 2.74 per cent month-on-month between May and June 2026. Also, the CBN data noted that credit to the government fell slightly to N40.03 trillion from N40.38 trillion. Other assets, net, dropped to N10.76 trillion from N12.63 trillion.
The credit surge signifies sustained growth in lending to businesses and other private-sector borrowers during the month. The rise in private sector credit was recorded alongside an increase in net domestic credit, despite declines in credit to government and other assets.
Further analysis of the report says that compared with June 2025, private sector credit rose by about N7.13 trillion yea-on-year but net domestic credit increased by approximately N1.87 trillion during the month.
The CBN’s relatively tight monetary policy stance notwithstanding, more banks still loaded funds to the private sector within the period. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 306th meeting on July 20 and 21.
The Committee reviewed recent developments in the global and domestic economies, assessed emerging risks to the outlook and considered their implications for monetary policy and retained all rates.
The Committee decided to retain the Monetary Policy Rate at 26.5 per cent; the Standing Facilities Corridor around the MPR at +50/-450 basis points and retain the Cash Reserve Requirement (CRR) for Deposit Money Banks at 45.00 per cent, Merchant Banks at 16.00 per cent, and non-TSA public sector deposits at 75.00 per cent.
The MPC decision means that credit extension in the private sector will likely continue to rise because of rising confidence in the sector and calls by stakeholders for banks to invest in the private scetor instead of government securities.
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