Leadway Assurance To Empower 1,000 New Franchise Business Owners

Leadway Assurance To Empower 1,000 New Franchise Business Owners

Leadway Assurance has announced its Franchise Branch Ownership Opportunity scheme, called: Revolupreneur, a third-party opportunity for 1,000 enthusiastic entrepreneurs to build their businesses and profit from the imminent growth of the Insurance sector.

The scheme is a “no fees” franchise for supporting the franchisees with franchise software, applications, advertising and promotions. It was conceived to deepen the penetration rate in the retail insurance market in Nigeria.

The Revolupreneur scheme is open to business-minded small and medium enterprises (SME) owners, corporate officers or salespersons looking to make extra income, entrepreneurs seeking to explore more profitable ventures and any other person interested in selling “risk protection” through insurance.

Under the scheme, franchise branches can be opened at non-traditional locations, such as universities, shopping malls and airports, in line with Leadway Assurance guidelines.

On the scheme, the company’s Executive Director for General Business, Miss Adetola Adegbayi said: “Over the years, the Nigerian insurance industry has been affected by a huge skill gap. This, consequently, has affected penetration in Nigeria. To address this gap, we at Leadway Assurance have conceived the Revolupreneur as our way of providing sustainable solutions to a pertinent challenge in our industry.”

“With this initiative, Leadway is not only helping to bridge the skills gap by providing comprehensive training on insurance and, ultimately, deepen insurance penetration through franchise branches. But we are also creating a pipeline of new generation of insurance entrepreneurs who would further create wealth and employment opportunities for thousands of youths, whilst creating access for more Nigerians to take insurance policies.”

A statement by the company said an “Open House” session will hold on November 25 to intimate prospective franchisees about what the Leadway franchise entails.

To apply, interested persons are advised to visit www.leadway.com/franchiseopportunity, to register.

For further enquiries, interested franchisees can call 08129997178 or send an email to the opportunity@leadway.com

Source: The Nation

2.5m Children To Be Immunised Against Measles In Kano

2.5m Children To Be Immunised Against Measles In Kano

Over 2.5 million children within the range of nine months and five years are expected to be vaccinated against measles in the 44 local government areas of Kano State.

Governor Abdullahi Umar Ganduje made the disclosure during the launch of Measles Immunisation Exercise in Faragai town in Albasu Local Government Area of the state.

A statement signed, on Wednesday, by Alhaji Ismail Garba Gwammaja, the Public Relations Officer, Kano State Ministry of Health, said the Governor was represented by the Commissioner for Health, Dr. Kabiru Ibrahim Getso.

The governor, said the statement, described measles as a dangerous disease which could affect the human brain, eyes or even heart, adding that if not reported and treated on time, it might result in the death of the affected person.

Against the background, He disclosed the administration had earmarked the sum of N75 million for the smooth take off of the vaccination exercise in all the 44 Local Government Areas of the state.

He enjoined parents, traditional leaders and health care givers not to relent in their efforts to bring their wards, subjects and family members to the nearest health facility for vaccination against measles.

He also urged them to keep their vaccination cards securely for record purposes even as he disclosed that the immunisation exercise would take off for six days in 25 Local Government Areas and resume subsequently in the remaining 19 Areas of the state.

In his remarks, the representative of the Emir of Kano, Muhammad Sanusi ll, Alh Wada Aliyu (Sarkin Yakin Kano) reiterated the Emirate s Council willingness to continue to support the immunization campaign for the maximum benefits to the people of the state

 Source: Sun

900 Traders Benefit From ENSG Empowerment Grants Of N45m

900 Traders Benefit From ENSG Empowerment Grants Of N45m

No fewer than 900 traders have benefitted from the Enugu State Government on-going empowerment grant to market traders, to boost their trade in the state in the last one year.

The Commissioner for Commerce and Industry, Mr Sam Ogbu-Nwobodo, disclosed this in an interview with the press in Enugu.

Ogbu-Nwobodo said the state government had also spent N45 million for the programme within the period under review. He promised that the programme would go around 37 markets in the state; both urban and rural based.

The commissioner said that the grant was open to all traders in the state, irrespective of their state of origin, religion or political affiliation. He said that so far, genuine traders with identifiable shops and registered with their various market associations had benefited from the empowerment grant.

“We usually give out the grant through a raffle draw, done openly in each market square or park in the state to ensure transparency. We plan to give N50, 000 each to 100 traders in each of the 37 markets both at urban and rural levels. So for each market, the raffle draw is done, the government gives out a total of N5 million to 100 traders.”

“For now, 900 genuine traders with identifiable shops within nine markets have benefited from the grant programme so far. The grant programme will continue as a means to uplift trade and commerce as well as ensure the economic viability of traders in the state,’’ he said.

Ogbu-Nwobodo said the aim of the government was to ensure that markets remained catalysts for business and commercial growth in the state and the South-East region.

According to him, the N50, 000 can make difference to micro and small businesses, especially in the rural areas. He said Gov. Ifeanyi Ugwuanyi had also commenced addressing infrastructure and environmental challenges in various markets with a view to strengthening their capacity and boosting commerce in the state.

Reports have it that over 60 per cent of residents of the state are predominantly traders.

Source: BusinessDay

Foreign Shipping Firms Re-introduce Congestion Fee At Nigerian Ports

Foreign Shipping Firms Re-introduce Congestion Fee At Nigerian Ports

Foreign shipping companies have re-introduced fee for congestion due to inefficiency on the seaside at the nation’s seaports, LEADERSHIP findings have revealed.

Nigeria had been saving over N320 billion yearly for the past 11 years before the return of the levy at seaports.

Congestion fee is slated when there is an incident of cargoes piling up at the Quay apron and stacking area and is not being moved out.

Investigations showed that shipping companies now ask importers to pay this surcharge ahead, even before the ship arrives in the shore of Nigeria.

An accounting firm, Akintola Williams Deloitte, in its industry report titled, ‘Public Private Partnership (PPP) as an anchor for diversifying the Nigeria economy: Lagos Container Terminals Concession as a Case Study, had said importers and exporters paid $800 million (N320 billion) annually to shipping companies as congestion surcharge in Nigeria.

The report however noted that, while the huge amount has been saved by federal government’s ports concessioning of 2006, the current traffic gridlock has returned the charges.

But since Nigeria evacuate over 90 per cent of its cargoes through the road and 0.09 per cent on water, and about five per cent through the rail, an incident on the ports artery road leading in or out of the seaports will have an effect on efficiency on the seaside of the ports.

Newsmen gathered that failure of truck drivers to access the seaports to evacuate cargoes, especially bulk cargoes, led to the reintroduction of the congestion surcharge by foreign shipping companies. For instance, it takes truck drivers about 15 hours to access port gate from various terminals, while it takes over five days to access and another four days to exit the ports.

Speaking to reporters, a retired director of the Nigerian Shippers Council, Mrs Dabney Shall-Homa, said slating congestion fee on Nigeria by foreign shipping companies is as a result of lack of efficiency on the country’s landside to complement efficiency on the seaside.

According to her, the fee is to tell Nigerians that there is a problem and to tell the country not to call vessel to its shores when its environment is not in a right state to receive it.

She said, “Shipping is a derived demand. If a shipping company wakes up today to increase cost, it is not just doing that unilaterally, neither is it increasing because it doesn’t know what to do. It is doing it while following internationally laid down procedures for increase”.

Although the maritime expert berated the shipping companies for not consulting the Nigerian Shippers Council before slating the fee, she blamed the development on government’s failure to build the nation’s infrastructure over the years.

She said, “To a large extent, they (shipping companies) have not been consulting with the Nigerian Shippers’ Council, the agency responsible for negotiating freight rates and all other charges in the industry however. If we don’t provide the road and the time the vessel uses to discharge cargoes, who will be responsible for demurrage on the ships and containers?”

“So, if the business and efficiency on the seaside is not matching efficiency on the landside there is bound to be problems. That is why you see shipping companies introducing surcharge. A congestion fee means there is a congestion. Unless there is no congestion you can argue it. Congestion fee is slammed when there is an incident and in this case there is an incident of not having roads.”

“Cargoes are piling up at the Quay apron and stacking area and are not being moved out or in. What it mean is that the ship will wait a longer time, longer period for it to be loaded and when it is discharging, sometimes the terminal will be full to capacity that it cannot hold anymore”.


Naira Firms At N363/$ As CBN Pushes In $195m

Naira Firms At N363/$ As CBN Pushes In $195m

The Central Bank of Nigeria (CBN) yesterday continued its intervention at the foreign exchange market injecting another $195 million into the inter-bank market to buy liquidity, even as the naira remained stable at the parallel market.

In spite of the intervention the value of the naira at the official market was down to N306 from N305.95 which it closed last week while it closed at N360.20 at the Investors and Exporters window.

Figures released by the CBN showed that it offered the total sum of $100million to the Wholesale segment, while the Small and Medium Enterprises (SMEs) segment received the sum of $50 million. The invisibles segment comprising tuition, medical payments and Basic Travel Allowance (BTA) received $45 million.

CBN’s acting director, Corporate Communications Department, Mr. Isaac Okorafor, said the intervention is in line with the CBN’s continual determination to ensure forex liquidity and satisfy legitimate demand.

Okorafor assured that the apex bank will continue to intervene in the nation’s forex market in order to sustain the liquidity in the market and guarantee the international value of the naira.

Meanwhile, the naira exchanged at an average of N363 to the dollar in the bureau de change segment of the market on Monday, November 13, 2017, maintaining its stability in the forex market.

Source: Leadership

Nigeria Gets $64.63m From Sale Of Power To Benin, Niger Republics

Nigeria Gets $64.63m From Sale Of Power To Benin, Niger Republics

The Federal Government has made $64.6 million revenue from sale of electricity to neighbouring Benin and Niger republics, Minister for Power, Works and Housing, Mr Babatunde Fashola, has said.

Fashola gave the figure in an address presented at the 21st meeting of the Power Sector Stakeholders Conference in Asaba.

The minister said that the government had made efforts to recover the huge debt owed by its international customers to reduce liquidity challenges in the power sector.

“Only recently, the federal government received the sum of $64.630.65 million from the republics of Benin and Niger for electricity power supplied to these two nations. It is our belief that our effort at recovering some of these debts owed by our international customers will help towards the reducing liquidity challenges we face in the power sector,” Fashola said.

He added that the monthly stakeholders’ conference was an avenue to assess and evaluate the progress of collective efforts at boosting power supply in the country. He listed some of the major challenges facing the sector to include estimated billing and inadequate prepaid meters for customers.

The minister also used the occasion to inaugurate the New Asaba Injection Substation, a 215 MVA substation expected to boost power supply to parts of Delta. Fashola said: “With today’s commissioning of the New Asaba 215 MVA interjection substation, there will now be more electricity for the people of Bonsac, Akwuebulu, Oduke and all other surrounding areas.”

He stressed that the federal government was working diligently towards connecting rural areas to the national grid and appealed to people in rural areas to be patient. ”To those communities that electricity power has not reached across the country, I implore you to be patient, because we have certainly not forgotten you. I want to assure you that one by one, we will get to you so that every community in Nigeria can enjoy electricity supply,” he said.

Earlier in an address, Mrs. Funke Osibodu, the Managing Director, Benin Electricity Distribution Company (BEDC), praised the initiators of the monthly stakeholders conference. She said that the meeting allowed stakeholders to critically analyse their challenges and efforts towards achieving a common goal for the development of the sector.

“This forum affords all of us an avenue to interact, understand each other and evaluate our common efforts and challenges towards achieving the goal of equitable power distribution to our people. Here at the Benin Electricity Distribution Company, we have started making progress in the area of load management and we have also improved our billing system,” Osibodu said.

Vanguard reports that the BEDC boss stated that the company, with franchise area covering Edo, Delta and Ondo states, had energised several communities that have been without electricity for years. She listed Ibusa and Ogwashi-Uku communities in Delta as some of the communities that BEDC has successfully energised. In his address, Gov. Ifeanyi Okowa of Delta, lauded BEDC for the inauguration and official switch-on of the New Asaba Interjection Substation, saying it would boost power supply in the area. Okowa, represented by the state Commissioner for Energy, Mr. Newworld Sufugha, expressed urged BEDC to focus on providing prepaid meters to its customers.