News

Commissioner Unveils Waste Management Plans at Event

Published

3 months ago

July 18, 2024

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Commissioner Unveils Waste Management Plans at Event

…Govt to build waste-to-energy plants at Olusosun, Epe and Badagry

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

The Lagos State Commissioner for the Environment and Water Resources, Mr. Tokunbo Wahab, has unveiled plans to radically improve the waste management system in the state, at a Waste to Energy Summit themed, “Driving Environmental Sustainability”.

The event, organised by Rack Centre in partnership with the NYSC Community Development Service (CDS), at the Radisson Blu Hotel, Ikeja, brought together key stakeholders to discuss sustainable solutions to waste management challenges.

In his keynote address, Wahab, who was represented by the Managing Director/CEO of the Lagos Waste Management Authority (LAWMA), Dr. Muyiwa Gbadegesin, emphasised the need for proper dumpsite management to mitigate environmental hazards.

“When Olusosun was established, it was actually on the outskirts, but development caught up with it. There’s a lot of pressure on solid waste management, which is why we are working on reducing the amount of waste dumped on the Olusosun landfill through recycling initiatives,” he explained.

He further outlined LAWMA’s strategic plans to transform waste management in the state, by focusing more on recycling, introducing various initiatives such as development of compost and biogas plants, to reduce the volume of waste going to landfills.

“We are working on developing composting and biogas plants on the site. The future state is that we are going to decommission the Olusosun landfill; we are already in the process. Decommissioning the dumpsite is necessary to address long-term environmental and health impacts. In doing this, we are going to comply with international best practices”, he stressed.

Dr. Gbadegesin also announced plans to establish waste-to-energy plants across the state, “Waste-to-energy plants will be established at the Epe dumpsite. The plan is to have three waste-to-energy plants in the state at Badagry, Epe, and Olusosun. We are exploring other alternatives to be used as landfills since we are working on shutting down the Olusosun landfill.”

Dolapo Olaoluwa, the convener of the summit and a serving corps member, said he envisioned a gathering of key stakeholders to discuss solutions to the challenges posed by the Olusosun dumpsite and other waste management issues, as a way of contributing meaningfully to the community where he was serving.

Mr. Adetayo Odusole, Head Sustainability Coordination, Rack Centre, expressed their enthusiasm for sponsoring the event, noting that Rack Centre was pleased to support the initiative as it aligned with their goals of achieving a sustainable environment in the state, emphasising that achieving this required a collective effort.

Other speakers at the summit included: Ezekiel Egboye, Founding Executive and Chief Operating Officer, Rack Centre; Jide Onakoya, Chief Operating Officer, Elektron; Professor Emmanuel O. Ogolo, Professor of Atmospheric Physics (represented); Dr. Victor Abimbola Onifade, senior lecturer of Urban and Regional Planning; Olaide Ayodele-Taiwo; Assistant Chief Scientific Officer at the National Environmental Standards and Regulations Enforcement Agency (NESREA); and Yetunde Baderinwa, NYSC State Coordinator, Lagos State.

High point of the event was a panel discussion, where the stakeholders and experts discussed sustainable solutions to waste management challenges in the state.

News

The Pointer Award: Aniagwu hails Delta journalists

Published

24 hours ago

October 29, 2024

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The Pointer Award: Aniagwu hails Delta journalists

DAN DENT (ASABA)

Delta State Commissioner for Works (Rural and Riverine Roads) Mr Charles Aniagwu has sent a message of appreciation to journalists in the state and country for their support since coming into governance in 2015.

Aniagwu who was bestowed with The Pointer Newspaper Public Service Excellence Award at the 30th Anniversary of the newspaper held yesterday at Grand Hotel and Resorts, Asaba, dedicated the award to journalists in the state and country.

Aniagwu a former Commissioner for Information in the state, appreciated immediate past Governor of the State, Senator Dr Ifeanyi Okowa and his successor Rt. Hon. Sheriff Oborevwori for finding him worthy to serve amidst other qualified Deltans.

Speaking on the sidelines of the event, Aniagwu said, “Let me appreciate my bosses starting with Senator Dr Ifeanyi Okowa who gave me the privilege to serve as his Commissioner for Information and of course the privilege I also have at the moment under the distinguished leadership of Rt. Hon. Sheriff Oborevwori.

“For me to have that say in this state, I deeply appreciate these leaders because it is possible that if these positions that I had the privilege to hold is also extended to any other Deltan they could possibly perform even better than I did.

“But to be distinguished and recognised, I give God the glory and for me it is a reminder of the need to try as much as possible when you are given a responsibility to discharge it with the best of your ability.

“When such recognition is coming from my colleagues, you know the journalism profession is one critical profession that tries to examine what people do.

“So when you have your colleagues who are in the same profession agreeing that you have done well, all you need do is to give glory to God and also appreciate them for the support they extended to you.

“In my sojourn as Chief Press Secretary and the Ministry of Information I really enjoyed the support of my colleagues both those in the media and those managing the media houses, my colleagues in Government and the state.

“I give God all the glory for the kind of support I have continued to enjoy since coming into this state for the purpose of working for the state government in 2015. I feel quite excited about this recognition and I do not take it for granted.”

Speaking on the journey so far for The Pointer Newspaper, Aniagwu commended the paper for weathering the storm over the years.

“I have had the privilege of presiding over the affairs of the paper and I can tell you that there a whole lot of misunderstanding around the operations of the newspaper.

“So much needs to be done especially as they are still printing through a third party process, it will be better if we can provide them with a good printing press, so that they begin to print for themselves.

“The moment they can print the paper by themselves, it will make it easier to increase the print run, it becomes easier to be in control of their speed as well.

“Once that is done and a proper distribution facility is provided, the paper can then have their independence to go and generate their own money and ensure they remit something to the state government.

“But I can tell you that the way they are now if thatASABA assistance is not given, they may still continue to struggle to be able to meet up.

“Looking at the conditions they operate, you will appreciate the women and men who work in that establishment that they are actually putting in a lot to be able to produce on daily basis.”

News

Transcorp Plc Completes Share Capital Reconstruction to Enhance Shareholder Value

Published

2 days ago

October 28, 2024

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AJAGBE ADEYEMI TESLIM

News

Transcorp Group Announces Further Impressive Financial ResultsQ3 2024 Figures Reveal 133% Revenue Growth and 303% Surge in Profits

Published

2 days ago

October 28, 2024

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Transnational Corporation Plc (Transcorp Group), Nigeria’s leading listed conglomerate, has reported its financial results for the third quarter ending September 30, 2024, showcasing remarkable year-on-year growth.

The Group’s Q3 2024 unaudited results demonstrate strength across key financial performance measures, highlighting the success of its growth-driven strategy.

In Q3 2024, Transcorp Group achieved revenue of N298 billion, a 133% increase from N128 billion recorded in the same period of 2023. Profit before tax (PBT) increased by a remarkable 303%, to N105.5 billion, compared to N26.2 billion recorded in Q3 2023, further solidifying the Group’s position in Nigeria’s business landscape.

Key Financial Highlights:

Revenue Growth: 133% increase, rising to N298 billion from N128 billion in Q3 2023.

Profit Before Tax: Surged by 303% to N105.5 billion in Q3 2024, from N26.2 billion in the same period last year.

Total Assets: Grew by 29%, increasing from N530 billion in December 2023 to N684 billion in Q3 2024.

Shareholders’ Funds: Increased by 34%, from N187 billion in December 2023 to N251 billion in Q3 2024, driven by profit accreting to retained earnings.

Operating Expenses: Increased by 38% to N32 billion in Q3 2024, compared to N23 billion in the previous year, reflecting the impact of inflation on the cost of operations.

Net Finance Cost: Increased by 12% to N12 billion in Q3 2024, from N10 billion in Q3 2023, due to rising interest rates.
Owen Omogiafo, OON, President/Group Chief Executive Officer, Transcorp Group, attributed the Group’s exceptional performance to its focus on innovation, operational excellence, and ability to navigate a complex market environment.

She said: “We are proud of our consistent year-on-year growth. This remarkable financial performance is a reflection, once again, of our vision and spirit of execution. As we approach year end, we will focus on enhancing operational efficiency, investing in high-growth sectors, and delivering long-term value to our shareholders. We are investing for the future, particularly in the energy and hospitality sectors, delivering for our shareholders and our nation.”

About Transnational Corporation Plc

Transnational Corporation Plc (“Transcorp”) is one of Africa’s leading, listed conglomerates, with strategic investments in the power, hospitality, and energy sectors, driven by its mission to improve lives and transform Africa.

Transcorp’s power businesses – Transcorp Power Plc and Transafam Power Limited – provide over 20% of Nigeria’s installed power capacity. Transcorp is committed to developing Nigeria’s domestic energy value chain, through its investments in OPL28 and its renewable energy drive through Transcorp Energy Limited. The Group’s hospitality business, Transcorp Hotels Plc, owns the iconic Transcorp Hilton Abuja, Nigeria’s flagship hospitality destination.

www.transcorpgroup.com