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Fire destroys 70 shops in Lagos market

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Fire destroyed at least 70 shops with goods worth several millions of naira at the Slade Market in the Shomolu area of Lagos State.

The fire, which started at 1.05am, was said to be due to a surge in voltage after power supply was restored to the area.

Director-General of the Lagos State Emergency Management Agency (LASEMA), Dr Olufemi Oke-Osanyintolu, said the agency responded to distress calls from the area at 1.05am.

“Upon arrival, we commenced fire suppression activities. The agency firefighters alongside the Lagos State and Federal Fire Services worked to complete thorough damping down exercise,” he added.

He said the initial post-disaster assessment indicated that 70 lock-up shops were affected while the extent of destroyed goods was still being assessed.

He implored residents to ensure their appliances are switched off once not in use to prevent voltage surge.

The Lagos State Fire and Rescue Service also confirmed that 70 shops were damaged in the fire outbreak.

The agency, however, said it prevented 101 shops from being razed.

Acting Head of the agency, Mrs. Margaret Adeseye, said the fire was put out by firefighters from the Ilupeju and Bolade Fire stations.

She said the average land area of 1,944 square metres, accommodating 171 shops of varying sizes, already had 70 of the shops engulfed by fire by the time the firefighters arrived.

“The affected shops, which had various items, including food, gas cylinders and other perishable goods, were severely damaged by the inferno,” she stated.

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FG’s latest external loan requests for 15 state projects – Presidency

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The Presidency has clarified that the the Federal Government’s latest external loan requests are for a total of 15 projects in the six geo-political zones of the country.

It stated that the projects would be financed with more than $4bn from multilateral institutions, under the 2018-2021 medium term (rolling) external borrowing plan.

Spokesman for the Presidency, Garba Shehu, in a statement said President Muhammadu Buhari had requested the Senate to approve sovereign loans of $4.054bn and €710m as well as grant components of $125m for the proposed projects.

According to the letter by the President, the sovereign loans will be sourced from the World Bank, French Development Agency (AFD), China-Exim Bank, International Fund for Agricultural Development (IFAD), Credit Suisse Group and Standard Chartered/China Export and Credit (SINOSURE).

Shehu said the President’s request to the Senate listed 15 proposed pipeline projects, the objectives, the implementation period, benefiting states, as well as the implementing ministries, departments and agencies.

A breakdown of the ‘Addendum to the Proposed Pipeline Projects for the 2018-2021 Medium Term (rolling) External Borrowing Plan’ shows that the World Bank is expected to finance seven projects including the $125m grant for ‘Better Education Services for All’.

The Global Partnership for Education grant is expected to increase equitable access for out-of-schoolchildren and improve literacy in focus states.

The grant, which will be implemented by the Federal Ministry of Education and the Universal Basic Education Commission (UBEC), will strengthen accountability for results in basic Education in Katsina, Oyo and Adamawa states.

Other projects to be financed by the World Bank are the State Fiscal, Transparency, Accountability and Sustainability Programme for Results as well as the Agro-Processing, Productivity, Enhancement and Livelihood Improvement Support Project.

The benefiting states for the agro-processing project are Kogi, Kaduna, Kano, Cross River, Enugu and Lagos with the Federal Ministry of Agriculture and Rural Development as the implementing ministry.

The objective of the project is to enhance agricultural productivity of small and medium-scale farmers and improve value addition along priority value chains in the participating states.

Similarly, the World Bank is also financing the Nigeria Sustainable Water Supply, Sanitation and Hygiene (WASH) project in Delta, Ekiti, Gombe, Kaduna, Katsina, Imo and Plateau states, for the next five years.

The project, when completed, is expected to improve rural water supply, sanitation and hygiene nationwide towards achieving Sustainable Development Goals (SDGs) for water supply and sanitation by 2030.

Under the external borrowing plan, the World Bank supported projects include Nigeria’s COVID-19 Preparedness and Response Project (COPREP), under the supervision of the Federal Ministry of Health and Nigeria Centre for Disease Control (NCDC).

The project, which has an implementation period of five years, will respond to threats posed by COVID-19 through the procurement of vaccines.

Furthermore, no fewer than 29 states are listed as beneficiaries of the Agro-Climatic Resilience in Arid Zone Landscape project, which is expected to reduce natural resource management conflicts in dry and semi-arid ecosystems in Nigeria.

The benefiting states for the project to be co-financed by World Bank and European Investment Bank (EIB) are Akwa Ibom, Borno, Oyo, Sokoto, Kano, Katsina, Edo, Plateau, Abia, Nasarawa, Delta, Niger, Gombe, Imo, Enugu, Kogi, Anambra, Niger, Ebonyi, Cross River, Ondo, Kaduna, Kebbi, Jigawa, Bauchi, Ekiti, Ogun, Benue, Yobe and Kwara.

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Photos: Kia dazzles Nigerian fans, unveils Sonet, Seltos compact SUVs

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Lovers of compact sport utility vehicles built with sophistication in Nigeria have two new stunning products to celebrate, coming from Kia Motors. They are the all-new Sonet and the high-tech Seltos.

The two models assembled in Nigeria and unveiled in Lagos on Friday to the motoring journalists are expected to substantially raise the market share of Kia in the compact SUV segment, which is fast becoming the toast of many new car buyers globally including Nigeria, especially young trendy people.

Details later…

 

 

 

 

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Southern govs okay VAT collection by state governments

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Governors of the southern states have agreed that collection of value-added tax (VAT) should be undertaken by state governments.

Chairman of the Southern Governors Forum and Governor of Ondo State, Rotimi Akeredolu, disclosed this on Thursday while reading a communique at the end of a meeting of the governors in Enugu.

The Federal Inland Revenue Service and some state governments are currently in court over VAT collection.

Rivers and Lagos state governments have enacted laws empowering their respective states to collect the tax (VAT).

Last week, the Court of Appeal directed states to maintain status quo on VAT collection pending the determination of an appeal filed by the FIRS.

Akeredolu said that the governors affirmed that the collection of VAT fell within the powers of state governments.

“We resolved to support the position that the collection of VAT falls within the powers of the state,” he said.

He also said, “The meeting reaffirmed its earlier commitment to fiscal federalism and emphasised the need to pursue its inclusion in the Nigerian Constitution through the ongoing constitutional amendment.”

Akeredolu urged states in the south to leverage the competence of their houses of assembly and representation at the national assembly to pursue the goal.

He said that the meeting reviewed the state of the nation and the progress made in the implementation of the ban on open grazing of cattle in the south of Nigeria.

He said, “The meeting expressed satisfaction with the rate at which states in the south of Nigeria are amending or enacting the anti-open grazing law.

“This aligns with the uniform template and aspiration of governors in the south and we encourage the states that have yet to enact the law to do so expeditiously.

“The meeting agreed to encourage the full operationalisation of the already agreed regional security which will share intelligence and collaborate toward the safety and security of the region.”

The meeting was attended by Ifeanyi Ugwuanyi of Enugu, Nyesom Wike of Rivers, Emmanuel Udom of Akwa Ibom, Babajide Sanwo-Olu of Lagos and Ifeanyi Okowa of Delta.

Others are Adegboyega Oyetola (Osun), Douye Diri (Bayelsa) and Dapo Abiodun (Ogun).

The deputy governors in attendance were Bisi Egbeyemi (Ekiti), Rauf Olaniyan (Oyo), Kelechi Igwe (Ebonyi), Ude Oko-Chukwu (Abia), Philip Shuaibu (Edo), Prof. Ivara Esu (Cross River) and Placid Njoku (Imo).

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