Nation
#EndSARS: LCCI Seeks Strict Adherence To Democratic Ideals
The Lagos Chamber of Commerce and Industry (LCCI) has urged leaders in sub-Saharan Africa to embrace the rule of law and democratic ideals to forestall political unrests.
Director-General, LCCI, Dr Chinyere Almona, made the call in an interview with The Tide news yester in Lagos.
She spoke against the backdrop of the one-year anniversary of #EndSARS protests which impacted negatively on businesses across the country.
Almona added that bad governance, forceful takeover of government and extended stay in office may continue to instigate violent protests that disrupt business operations.
She noted that the economic impact of violent protests on the business community globally in 2020 was 14.96 trillion dollars in Purchasing Power Parity terms.
This figure, Almona said, was equivalent to 11.6 per cent of the world’s economic activity or 1,942 dollars per person.
She said that the economic impact of violence increased by 0.2 per cent in 2020.
Almona disclosed that the LCCI estimated the immediate loss from the EndSARS to be above N700 billion in October 2020, with discoveries of more losses after weeks of investigations by the government across the country.
“The 2021 Global Peace Index (GPI) released by the Institute for Economics and Peace ranked Nigeria 146 among 163 independent nations and territories, according to its level of peacefulness in 2020.
“Nigeria moved one step from 147 in 2020 (from 2019 rank), though it still ranked eighth among the least peaceful countries in Africa after South Sudan, Somalia, the Democratic Republic of the Congo, Libya, Central African Republic, Sudan and Mali.
“In 2020, the world witnessed almost 15,000 violent protests and riots.
“The damage it caused came with a hefty price of about 15 trillion dollars or 11.6 per cent of the world’s Gross Domestic Product.
“Among those, more than 5,000 were pandemic-related and were recorded between January 2020 and April 2020,” she said.
Almona advised that businesses should consider taking various insurance policies to protect their premises and facilities against unforeseen destruction.
She called for enhanced programmes that would address youth unemployment and reduce social vices.
Nation
Rivers Deputy Governor Hails PH City One Love For Humanitarian Gesture
Rivers state Deputy Governor Professor Ngozi Nma Odu has commended “The Port Harcourt City One Love,”a Port Harcourt based humanitarian orgnisation For it’s commitment towards alleviating the sufferings of the poor and vulnerable in the society.
Professor Ngozi Nma Odu said this while speaking at this year’s edition of “operation feed the needy” a yearly outreach program of “The Port Harcourt City One Love ” in Port Harcourt.
The Deputy Governor said by feeding more than sixty thousands hungry people within the past six years, the Port Harcourt City One Love Movement has distinguished itself as a club that cares for the less privilege in the society.
She commended the , organization for listing eleven thousand persons to be fed in the current exercise.
Meanwhile The Port Harcourt City One Love has planned a permanent solution to the problem of feeding the poor in the state.
The leader of the group Mr Idaere Gogo Ogan who said this in an interview with newsmen during the distribution of food items to the poor and vulnerables in Port Harcourt said the organization is planning a permanent food kitchen where poor and vulnerable persons can work in anytime and get fed.
Idaere Gogo Ogan said more than sixty thousands poor and vulnerable persons across Port Harcourt City and environs have been fed since the inception of “The operation feed the needy” program six years ago,adding that so far sixty thousands poor and vulnerable persons have beneffited.
He described the group as a platform to promote friendship, brotherhood, community development empathy and feeding the less privilege and hungry people
“That’s what we are doing today here,so we started the exercise six years ago”.he said.
Ogan said the effort was a private sector driven initiative but added “it also involves people in Government because the platform does not recognize any division,we bring everybody together in unity , friendship and brotherhood”he said.
He said the effort will go along way in alleviating hunger especially following the prevailing hunger in the country.
According to him “you know the country is very tough, people are hungry people are starving, there is a whole lot of economic hardship,so for us, this is just our own way of reaching out, our own social contribution to what is very difficult”he said.
Over eleven thousand persons were fed in the just concluded exercise.
Areas of coverage include, Isaac Boro park, Port Harcourt prison/Macoba, Borokiri/Enugu waterside Bundu areas Waterlines and others.
Some of the beneficiaries including an 80 years old widow commended the movement for the annual programm and urged other organizations to emulate them
John Bibor,/Esuuk Oyet/Suotor Memoye /Jeremiah Hannah
Nation
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Nation
SheVentures Open Zero-interest Loan Applications for Women Entrepreneurs
“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively. Women-led enterprises are critical to economic activity, yet they face structural barriers.
“This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs”, Edun said.
Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB), Nnenna Jacob-Ogogo said access to affordable finance remains a major constraint for women entrepreneurs.
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