Connect with us

News

LAGOS ASSEMBLY ADOPTS RECOMMENDATION OF ILUBIRIN FORESHORE ESTATE

Published

on

LAGOS ASSEMBLY ADOPTS RECOMMENDATION OF ILUBIRIN FORESHORE ESTATE
IMG-20200921-WA0044
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
Members of the Lagos State House of Assembly during Plenary on Thursday, adopted the resolution of the Committee on Public Private Partnership concerning the Joint Venture Agreement of Ilubirin Foreshore between the Lagos State Government and First Investment Development Company (FIDC) Real Estate Limited.
It would be recalled that the House at its plenary session on Monday, 2nd February, 2021 mandated the Committee to look into a letter sent by Mr. Babajide Sanwo-Olu, Governor of the State requesting for the ratification of the House on a Joint Venture Agreement for the Establishment and Development of Ilubirin Foreshore Estate by First Investment Development Company (FIDC) Real Estate Limited and consider the concession agreement and report its findings to the House.
Presenting the report of its findings, Chairman of the Committee on Public Private Partnership,  Hon. Sa’ad Olumoh established that the Committee invited stakeholders and deliberated on the contract agreement and submissions were made by stakeholders with special focus on the terms and conditions vis-à-vis its overall benefits to the State.
He further stated that the Committee observed that ” A joint venture agreement exists between Lagos State Government, through Ibile Holdings Ltd and First Investment Development Company (FIDC) Real Estate Limited, through Ilubirin Foreshore Projects Ltd (a Special Purpose Vehicle) formed as a legal entity by the State Government and FIDC for this specific project; the agreement is on a public private partnership  meant to design, develope, finance, constructs, manage and maintenance of Ilubirin Foreshore Estate Project and its ancillary facilities (472 residential and commercial units of apartments) at the Ilubirin Foreshore Area of Lagos Island”.
All the relevant government agencies such as the Ministries of Housing and Justice as well as Office of Public-Private Partnership and Ibile Holdings Ltd considered the project and of the opinion that “it is a viable solution to the housing needs of people in the State; due process was followed by the Office of Public Private Partnerships in selecting First Investment Development Company (FIDC) Real Estate Limited for the project”. He maintained.
Hon. Olumoh while stating the enormous benefits of the project added that the project is another opportunity to fulfill government programmes and policies which geared towards making life more meaningful for the people of Lagos State; create more jobs and boost social economic opportunities in the State and also a veritable step towards realizing the smart city status envisaged for Lagos.
The parties have adhered to the provision of Section 26 of the Public Private Partnership Law by forwarding the agreement on the development of Ilubirin Housing Estate to the House before implementation” and are expected to bear their individual cost and expenses as incurred by it in connection with the agreement, except otherwise agreed by parties in writing. He explained.
In his contributing, Hon. Abiodun Tobun commended the Committee for the thorough presentation of the report which covers the scope of the assignment given by the Leadership of the House.
Hon. Ibrahim Layode also affirmed that the Committee has done the beat given to them

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

NITDA Issues Guidelines for IT Projects, Regulatory Instruments

Published

on

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

As part of effort to gaar up The National Information Technology Development Agency (NITDA), the agency is seeking public feedback on several draft documents related to Information Technology (IT) projects and regulations.

August24news.com gathered that this aligns with NITDA’s commitment to an open and collaborative rulemaking.

The legal Documents Open for Public Review are Guidelines for Licensing IT Projects Clearance Compliance Assurance Firms 2024; Regulatory Guidelines for Electronic Invoicing in Nigeria; Guidelines for Software Development; and
Guidelines for Software Testing.

NITDA is also proposing the amendment of the Guidelines for Clearance of IT Projects for Federal Public Institutions (FPIs). guidelines, initially issued in 2018.

The Guidelines for Licensing IT Projects Clearance Compliance Assurance Firms 2024 aims to ensure that IT projects within Federal Public Institutions (FPIs) are managed and implemented according to approved and established standards, regulations, and best practices.

The instrument will regulate and professionalise the clearance of IT projects, ensuring that FPIs IT projects and initiatives are effectively conceptualised, designed, evaluated, and compliant with relevant Federal Government extant rules and standards in line with the Federal Government’s digital infrastructure goals and the Renewed Hope Agenda.

The Regulatory Guidelines for Electronic Invoicing is designed to promote transparency and deepen the use of technology for e-government automation as well as support the fiscal development of Nigeria through prudent administration of government revenue.

The guidelines will improve tax compliance, enhance efficiency and enhance standardisation and interoperability, thereby ensuring that Nigeria is ready for international digital commerce.

The Guidelines for Software Development establishes the minimum requirements for the development of software to be used by Nigerian government entities.

It ensures that all software meets quality, security, and operational standards, promotes the growth of the local software testing market, and enhances the efficiency and effectiveness of government services.

The objectives of the guideline are to ensure that software is fit-for-purpose, meeting functional and non-functional requirements, and protect government institutions from operational risks through security, reliability, and performance standards.

To Participate:
These draft documents have undergone internal review and stakeholder consultations. NITDA now invites the public to contribute their feedback by reviewing the documents available for download at: https://nitda.gov.ng/draft-regulatory-instruments/
Public participation is crucial for NITDA to develop comprehensive and effective regulatory instruments.

By considering diverse perspectives, NITDA can ensure these guidelines best serve the needs of the IT industry and promote the development of a thriving digital economy in Nigeria.


Stakeholders are advised to send in their review to regulations@nitda.gov.ng on or before 26th November 2024.

Continue Reading

News

Pernod Ricard’s CEO for Africa and Middle East Visits Nigeria, Reinforcing Market Commitment Amidst Dynamic Landscape

Published

on

Pernod Ricard’s CEO for Africa and Middle East Visits Nigeria, Reinforcing Market Commitment Amidst Dynamic Landscape

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Pernod Ricard, the world’s second-largest wine and spirits company, reaffirmed its dedication to Nigeria’s thriving market through a recent visit by Africa and Middle East CEO, Selcuk Tumay, accompanied by Chief Financial Officer Africa, Nevzat Akkiz, and Managing Director Africa, Sola Oke.

Pernod Ricard’s Africa and Middle East CEO, Selçuk Tümay (center), with Pernod Ricard Nigeria Management Team, MD, Pernod Ricard Africa and CFO, Pernod Ricard Africa and Middle East, Nevzat Akkız, during the recent visit of Selçuk Tümay to Pernod Ricard Nigeria.

The visit began with a business review at Pernod Ricard’s Lagos office, assessing regional performance and strategic planning.  A “Meet and Greet” session recognized local employees’ talents, fostering conviviality.

An immersion into the Nigeria’s vibrant retail landscape followed with an open market visit to Oke-Arin Market, guiding discussions on adapting marketing strategies. Retail partnerships were reinforced by visits to top stores, enhancing in-store experiences.  At night-time, On-trade visits showcased Pernod Ricard’s premium offerings.  The Key Distributors were not left out during the visits. These visits underscored collaborative relationships for a brighter future.

Selcuk Tumay stated, “Despite Nigeria’s complexities, especially foreign exchange volatility, we are optimistic. Adapting strategies will drive growth, support local partners and deliver exceptional consumer experiences.”

Exploring operational excellence: Pernod Ricard’s Africa and Middle East CEO, Selçuk Tümay, during a recent visit to Pernod Ricard Nigeria’s warehouse.

Building on success in Turkey and the Middle East, where innovative marketing and strategic partnerships fuelled double-digit growth, Pernod Ricard applies these learnings to Nigeria.

“We can leverage Turkey’s and the Middle East’s successes and best practices to navigate Nigeria’s challenges and unlock opportunities,” added Selcuk.

Continue Reading

News

SUNU Nigeria’s Free Mammogram/Breast cancer Screening Receives Positive FeedbackSUNU Nigeria

Published

on

SUNU Nigeria’s Free Mammogram/Breast cancer Screening Receives Positive FeedbackSUNU Nigeria –

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

SUNU Assurances Nigeria Plc, a leading insurance company and SUNU Health Nigeria Limited, a reputable health maintenance organization (HMO) in Nigeria, has received overwhelming positive feedback from beneficiaries of its recent free 3D mammogram-breast cancer screening initiative.

The program was launched to raise awareness about breast cancer and provide early detection services, was widely lauded by participants.As gathered, SUNU Nigeria remains committed to promoting preventive healthcare and empowering women.

Through the offering of free breast cancer screenings, the company aims to reduce the burden of breast cancer and improve the overall health and well-being of Nigerian women.

The initiative, which took place at DIAMED Centre, located at heart of Lekki, Lagos, attracted a large number of women from diverse backgrounds.

The screening process, which included mammograms and clinical breast examinations, was conducted by experienced medical professionals.Mrs Ajayi Funmilola, one of the 100 women who benefited from the screening exercise expressed her gratitude to the company.

“I’m so grateful to SUNU Nigeria for providing this free advanced mammogram screening. Of course, early detection is key, and this initiative has given me peace of mind.

Thank you for prioritizing women’s health”.Another beneficiary, Arogudade Feyisayo said, “The 3D mammogram screening offered by SUNU Nigeria was a game-changer.

It was a quick, painless, and thorough experience. I’m incredibly grateful for this opportunity to benefit from this initiative, I hope the company continue to be productive as they continue and increase the tempo in the future”.

“I’m incredibly happy to have had the opportunity to undergo a free 3D mammogram screening. It’s heartwarming to see a company like SUNU Nigeria prioritizing women’s health. May God continue to bless and prosper your organization,” commented Mrs. Olabisi Ajayi.

Commenting on the initiative, Mrs. Yusuf Japari, Head of Corporate Services at SUNU Assurances Nigeria Plc, highlighted the importance of corporate social responsibility, stating that the free mammogram screening is just one example of the company’s commitment to improving public health.

Mrs Yusuf stated, “At SUNU Nigeria, we believe in giving back to the community. By providing free 3D mammogram screenings, we’re not just offering healthcare; we’re empowering women to prioritize their health and well-being.

We are committed to continuing these initiatives to improve public health.”Dr. (Mrs.) Abiola Olorode, CEO of Diamed Centre stated that her facility is proud to partner with SUNU Nigeria to offer free breast cancer screenings during Breast Cancer Awareness Month. “By joining forces, we aim to promote early detection, educate women about breast cancer prevention, and ultimately save lives. We thank SUNU Nigeria for their commitment to improving public health and for sharing our vision of a healthier future.” SUNU Nigeria, encompassing SUNU Assurances and SUNU Health, is dedicated to improving as well as adding comfort to the lives of Nigerians.

SUNU Assurances offers reliable insurance coverage, while SUNU Health provides cost-effective healthcare solutions.

Continue Reading

Trending

Copyright © 2021 All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from August24news.com
This Website is designed and Managed by: August 24 Communications Nigerian Limited (RC: 798585)