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Lagos Ramps Up Institutional Capacity On Regulation Of Wash Sector

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Lagos Ramps Up Institutional Capacity On Regulation Of Wash Sector

…As LASWARCO undertakes a study tour of the world’s renowned National Water and Sanitation Council (NWASCO), the foremost regulator in Africa 

Olushola Okunlade Writes

The Lagos State Government through the Lagos State Water Regulatory Commission (LASWARCO) is poised to strengthen the regulatory framework and institutional capacity towards efficient and effective regulation of the Water, Sanitation, and Hygiene (WASH) sector with the overall objective of progressing towards universal access to water and sanitation services as enshrined in the United Nations SDG Goal 6.

To this effect, LASWARCO in collaboration with WaterAid Nigeria under the leadership of its Country Director, Evelyn Mere has embarked on a study tour of the National Water Supply and Sanitation Council (NWASCO) Zambia, in furtherance of its efforts to improve service delivery by the water and wastewater utilities.

Executive Secretary of LASWARCO, Mrs. Funke Adepoju, said the study tour to NWASCO which is reputed as a world-class regulator of water supply and sanitation services became expedient in view of the need to strengthen the institutional capacity of LASWARCO for WASH regulation in Lagos State for the supervisory oversight of the Service Provider (LWC) in a manner that will improve service delivery and pave the way for significant and sustainable engagement in water supply and wastewater management while protecting the interests of consumers.

“Regulatory effectiveness is a core driver of improved water and sanitation services. Active regulation involves incremental change, extensive consultation, and testing.

“As a Commission, we have a mandate under the Lagos State Environmental Management Protection Law (2017) to protect consumers interests regarding quality, price, and reliability of services provided by both the public and private operators, to review standards of performance of services towards license utilities, set tariffs, develop guidelines or provision of WASH facilities, establish and enforce standards for water supply or sanitation services with the aim of ensuring that water supply and sewerage services are properly carried out without compromising vital ecosystems.

“The ever-increasing population of Lagos State has undoubtedly put intense pressure on the institutions providing basic social services in the State. However, the State government is sparing no effort in providing affordable and equitable access to clean and safe drinking water for all residents by the administration of Mr. Babajide Olusola Sanwo-Olu as he is particularly committed to the wellbeing of residents and protecting the environment as enshrined in the health and environment component of the THEMES Agenda” she said.

LAGOS RAMPS UP INSTITUTIONAL CAPACITY ON REGULATION OF WASH SECTOR …As LASWARCO undertakes study tour of world’s renowned National Water and Sanitation Council (NWASCO), the foremost regulator in Africa The Lagos State Government through the Lagos State Water Regulatory Commission (LASWARCO) is poised to strengthen the regulatory framework and institutional capacity towards efficient and effective regulation of the Water, Sanitation, and Hygiene (WASH) sector with the overall objective of progressing towards universal access to water and sanitation services as enshrined in the United Nations SDG Goal 6. To this effect, LASWARCO in collaboration with WaterAid Nigeria under the leadership of its Country Director, Evelyn Mere has embarked on a study tour of the National Water Supply and Sanitation Council (NWASCO) Zambia, in furtherance of its efforts to improve service delivery by the water and wastewater utilities. Executive Secretary of LASWARCO, Mrs. Funke Adepoju, said the study tour to NWASCO which is reputed as a world-class regulator of water supply and sanitation services became expedient in view of the need to strengthen the institutional capacity of LASWARCO for WASH regulation in Lagos State for supervisory oversight of the Service Provider (LWC) in a manner that will improve service delivery and pave the way for significant and sustainable engagement in water supply and wastewater management while protecting the interests of consumers. “Regulatory effectiveness is a core driver of improved water and sanitation services. Active regulation involves incremental change, extensive consultation, and testing. “As a Commission, we have a mandate under the Lagos State Environmental Management Protection Law (2017) to protect consumers interests regarding quality, price, and reliability of services provided by both the public and private operators, to review standards of performance of services towards license utilities, set tariffs, develop guidelines or provision of WASH facilities, establish and enforce standards for water supply or sanitation services with the aim of ensuring that water supply and sewerage services are properly carried out without compromising vital ecosystems. “The ever-increasing population of Lagos State has undoubtedly put intense pressure on the institutions providing basic social services in the State. However, the State government is sparing no effort in providing affordable and equitable access to clean and safe drinking water for all residents by the administration of Mr. Babajide Olusola Sanwo-Olu as he is particularly committed to the wellbeing of residents and protecting the environment as enshrined in the health and environment component of the THEMES Agenda” she said. Giving further details, Adepoju said: “The visit to Zambia is essentially to study and understand the basic factors responsible for the rapid progress achieved in regulating the WASH sector of the country in recent times, especially how the country responded to its WASH crisis and the steps taken to turn around their water supply and sanitation crisis, including the models applied, sources of funding, challenges faced and lessons learnt. “The visit also afforded us the opportunity to have a clear understanding of the policy statements in terms of content and context that generated a rapid positive response to reforming the WASH sector, as well as the processes and procedure that informed the positive response of both government officials and the citizenry to the reform. “We also shared notes on how Private Sector Engagement and intervention of non-state actors is operating in the WASH sector, especially the role of government as the regulator of Private Sector Engagement at ensuring the sustainability of the system, while also discussing how regulation through NWASCO is helping to improve access to clean water and management of wastewater in the country.” On his part, Permanent Secretary, Lagos State Office of Drainage and Water Resources, Engr. Lekan Shodeinde emphasized the need for regulation towards ensuring that operators are kept on their toes to provide the best services for consumers. “The monitors and inspectors from NWASCO are monitoring their people and ensuring that utilities are kept on their toes to do what they are supposed to do for the people. The bottom line is that the people should get the best service. “The level of dedication from the enforcement arm is awesome as all hands are on deck. It shows that a lot can be done for the water sector in terms of getting people access. The importance, therefore, of regulation is that it positively impacts service delivery. The good thing is that Lagos State already has a Regulatory Commission and part of strengthening the institution for better utility performance is the reason for this trip,” Shodeinde said. The visit to the Shimabala Pumping Station, Iolanda water intake and waterworks, booster Station at Chilanga, and the main Stuart Park Reservoirs in Lusaka waterworks revealed a hundred percent capacity utilization. The Lagos State delegation, led by Shodeinde, was received by the Permanent Secretary, Ministry of Water Development and Sanitation, Republic of Zambia, Joe Kalusa; The Managing of Director of the Lusaka Water and Sewage Company, Jonathan Kampata; the Director of the National Water and Sanitation Council (Regulator); the Director-General of the Water Resource Management Authority, and Country Director, WaterAid Zambia, Pamela Chisanga.
Left-Right: Pamela Chisanga, Country Director, WaterAid Zambia; Joe Kalusa, Permanent Secretary, Ministry of Water Development and Sanitation, Republic of Zambia; Funke Adepoju, Executive Secretary, Lagos State Water Regulatory Commission (LASWARCO); Engr. Lekan Shodeinde, Permanent Secretary, Lagos State Office of Drainage Services and Water Resources; and Evelyn Mere, Country Director, WaterAid, Nigeria, during a study by LASWARCO to Zambia at the weekend.

Giving further details, Adepoju said: “The visit to Zambia is essentially to study and understand the basic factors responsible for the rapid progress achieved in regulating the WASH sector of the country in recent times, especially how the country responded to its WASH crisis and the steps taken to turn around their water supply and sanitation crisis, including the models, applied, sources of funding, challenges faced and lessons learned.

“The visit also afforded us the opportunity to have a clear understanding of the policy statements in terms of content and context that generated a rapid positive response to reforming the WASH sector, as well as the processes and procedure that informed the positive response of both government officials and the citizenry to the reform.

“We also shared notes on how Private Sector Engagement and intervention of non-state actors are operating in the WASH sector, especially the role of government as the regulator of Private Sector Engagement at ensuring the sustainability of the system, while also discussing how regulation through NWASCO is helping to improve access to clean water and management of wastewater in the country.”

On his part, Permanent Secretary, Lagos State Office of Drainage and Water Resources, Engr. Lekan Shodeinde emphasized the need for regulation towards ensuring that operators are kept on their toes to provide the best services for consumers.

“The monitors and inspectors from NWASCO are monitoring their people and ensuring that utilities are kept on their toes to do what they are supposed to do for the people. The bottom line is that the people should get the best service.

“The level of dedication from the enforcement arm is awesome as all hands are on deck. It shows that a lot can be done for the water sector in terms of getting people access. The importance, therefore, of regulation is that it positively impacts service delivery. The good thing is that Lagos State already has a Regulatory Commission and part of strengthening the institution for better utility performance is the reason for this trip,” Shodeinde said.

The visit to the Shimabala Pumping Station, Iolanda water intake and waterworks, booster Station at Chilanga, and the main Stuart Park Reservoirs in Lusaka waterworks revealed a hundred percent capacity utilization.

The Lagos State delegation, led by Shodeinde, was received by the Permanent Secretary, Ministry of Water Development and Sanitation, Republic of Zambia, Joe Kalusa; The Managing of Director of the Lusaka Water and Sewage Company, Jonathan Kampata; the Director of the National Water and Sanitation Council (Regulator); the Director-General of the Water Resource Management Authority, and Country Director, WaterAid Zambia, Pamela Chisanga.

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FBNHoldings Wins Two Awards At Nigerian Investor Value Awards

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FBNHoldings Wins "Best Performing Stock And Best Stakeholders’ Communications Of The Year" At NIVA Awards 2022

Best Performing Stock

Best Stakeholders’ Communications of the Year

Olushola Okunlade Writes

Nigeria’s leading financial services group and holding company, FBN Holdings Plc, has won two awards at the Year 2022 Nigerian Investor Value Awards (NIVA). The prestigious event, which was held last Saturday at the Lagos Continental Hotel, Victoria Island, Lagos was organised by BusinessDay, in collaboration with the Nigerian Exchange Limited.

The first award was in the Best Performing Stock, among the bank holding companies category. The statement from the organisers read that, FBNHoldings within the period under review, had the best share price performance with a capital gain of 59.44% and a total return of 65.73%. 

Best Stakeholders’ Communications of the Year was the second award. According to the organisers, the consideration for the award was predicated on the fact that ‘FBNHoldings has a high quality, information-rich annual report, timely quarterly results communication, and a comprehensive investor relations website.’ 

FBNHoldings Wins "Best Performing Stock And Best Stakeholders’ Communications Of The Year" At NIVA Awards 2022
Left-Right: FBNHoldings Plc’s team at the event, Bode Oguntoke, Head, Internal Audit, FBNH, Opeyemi Okojie, Head, Strategy & Corporate Development, FBNH, Wale Ariyibi, Chief Financial Officer, FBNH receiving the award from Jude Chiemeka, Divisional Head, Capital Markets, Nigerian Exchange Limited, Ogho Okiti, MD/CEO BusinessDay Newspaper, and Simisola Salami, Team Lead, Communications & Shareholders Engagement, Investor Relations FBNHoldings Plc at the year 2022 Nigerian Investor Value Awards which held at Lagos Continental Hotel, Kofo Abayomi Street, Lagos last Saturday.

Commenting on the awards, the FBNHoldings Group Managing Director, Nnamdi Okonkwo said; “we are delighted to have been recognised for the high returns the share price of our great institution provided to our shareholders and investors in the year. This remains consistent with our focus of enhancing shareholder value”. Adding further, Okonkwo posited that “winning the second award on stakeholders’ communication demonstrates the quality of our disclosure, the excellent relationship with our stakeholders and the strong Investor relations practice. This epitomises the value our Group brings across engagements with our various stakeholders, which helps to make ours, the brand of the first choice”.

The NIVA Awards are being held for the second year in a row. It was formerly the Top 25 CEOs Awards which was held for over eight years. These latest awards are coming on the back of the recent International Finance awards where FBNHoldings won two awards, Best Investor Relations – Banking – Nigeria and Most Diversified Financial Portfolio Services – Nigeria.

Know More About FBN Holdings Plc: FBN Holdings Plc. is the non-operating financial holding company of one of the largest banking and financial services organisations in Africa. A truly diversified financial services group that offers a broad range of products and services, including commercial banking, merchant banking, and asset management and insurance to millions of customers. FBNHoldings oversees business groups that collaborate to deliver innovative financial solutions.

The bank and the non-bank subsidiaries of the holding company operating in Nigeria, as well as through overseas branches, subsidiaries, and representative offices across the world. The companies in the FBNHoldings Group include; First Bank of Nigeria Limited (FirstBank), a commercial bank with operations in 10 countries; the Merchant Banking and Asset Management business of FBNHoldings, which comprises FBNQuest Merchant Bank Limited, FBNQuest Capital Limited, FBNQuest Trustees Limited, FBNQuest Asset Management Limited, FBNQuest Funds Limited, and FBNQuest Securities Limited.

In the Insurance business line, the 20-year-old Insurance broking Company, FBN Insurance Brokers Limited is a subsidiary of the FBN Holdings Plc offering broking and advisory services to the Group’s captive businesses and other clients.          

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Alliance For Youth Nigeria Equips Youth Across The Country For Employment

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Alliance For Youth Nigeria Equips Youth Across The Country For Employment

…Alliance for Youth Nigeria is investing in young Nigerians, equipping
them with the right skills, and information to thrive and succeed in the world of work – Uwadoka

Olushola Okunlade Writes 

Alliance for Youth Nigeria equips youth across the country for employment

Over 200 fresh graduates across Nigeria have received employability skills training facilitated by the Alliance for Youth Nigeria. The training comprised Building Winning Resumes, Career Positioning, Personal Brand Marketing, Personal Effectiveness, Time
Management, and Starting the Career Journey among others.

In addition, the best performers will benefit from internship and mentoring opportunities in the six companies that form part of the Alliance. At the end of the training, some participants of the training also had the unique opportunity of partaking in job interviews and placements, progressing on their career journeys.

Alliance For Youth Nigeria Equips Youth Across The Country For Employment
Left-Right: Mrs. Omomene Odike, CEO, U-Connect Human Resources Limited Edidiong Peters, Public Affairs Specialist, Nestlé Nigeria PLC Victoria Uwadoka, Corporate Communications, and Public Affairs Manager, Nestlé Nigeria PLC; Second Row Left-Right: Oyinlola Lawal, Youth Engagement Analyst, Jobberman Nigeria Damilola Odubanjo, Learning, and Development Associate, Jobberman Nigeria Olugbenga Alabi, Category and Marketing Manager, Coffee, Nestlé Nigeria PLC Uche Aso, Head, Learning and Development, U-Connect Human Resources Limited Lanre Coleman, Head, Recruitment and Outsourcing, U-Connect Human Resources Limited.
Alliance For Youth Nigeria Equips Youth Across The Country For Employment

Launched in August 2021, the Alliance is a business-driven movement of organizations passionate about working together to help young people around the country get the necessary skills to thrive in the world of work. Members of the Alliance for Youth Nigeria include Nestlé Nigeria, Jobberman Nigeria, Sterling One Foundation, Big Bottling Company, the United Nations Global Compact Network Nigeria, and U-Connect HR Limited, with Lagos State Employment Trust Fund and Activate Success International as partner organizations.

The member and partner organizations have positioned themselves to invest in joint and individual projects to give young Nigerians meaningful work experience, internships, readiness-for-work training, and mentoring opportunities in line with the United Nations Sustainable Development Goal 8 – to promote sustained, inclusive, and sustainable economic growth, full and productive employment, and decent work for all by 2030.

The employability skills training is one of the projects of the Alliance designed to meet the target of reaching more than 250,000 young Nigerians with employability and entrepreneurial skills to enable them to secure gainful employment or set up businesses of their own within 3 years. This objective, which was announced during the launch of the Alliance, is in line with their commitment to work together to address the challenges of youth unemployment in the country with the associated social and economic impact.

Alliance For Youth Nigeria Equips Youth Across The Country For Employment
Tosin Babasanya-Craig, Country Manager, Performance Fact Inc. facilitating one of the Alliance for Youth Nigeria sessions to equip youth across the country for employment.

Speaking at the opening session of the training, Victoria Uwadoka, Corporate Communications, and Public Affairs Manager, Nestlé Nigeria PLC said, “I am delighted that yet again, the Alliance for Youth Nigeria is investing in young Nigerians, equipping
them with the right skills and information to thrive and succeed in the world of work. At Nestlé, we believe that society cannot thrive if we fail to offer a future for the young generations. The Alliance will continue to work together with other stakeholders in line with the United Nations Sustainable Development Goal 8 in fulfilling the huge target we
have committed to and I encourage young people around the country to take advantage of the available opportunities”.

Also speaking at the training, Mrs. Omomene Odike, CEO U-Connect Human Resources Limited, congratulated the youth for their interest and dedication to achieving their career and business goals demonstrated by their participation in the training. She further highlighted the value-adding opportunity of job interviews and placements provided by her organization for participants of the training, urging them to take maximum advantage of the offer.

According to Innih Ikhide, Youth Engagement, and Learning Manager Jobberman Nigeria, “Jobberman is dedicated to creating increased pathways for young people to access dignified livelihoods for a better Nigeria”.

For Naomi Nwokolo, Executive Director, United Nations Global Compact Network Nigeria, “The active engagement of youth in sustainable development efforts is central to achieving sustainable, inclusive, and stable societies by the year 2030, and averting the worst threats and challenges to sustainable development, including the impacts of unemployment. The beneficiaries of the training have shown a willingness to improve their skills and attain professional development and are now more equipped for successful participation in job recruitment processes”.

On behalf of other participants, Adasa Okandiji, commended the member companies for the excellent upskilling platform provided to equip and better position young Nigerians for a productive career, now and in the future. She expressed her readiness and that of other participants, to fully utilize the value-adding information obtained in creating their desired future. She also called on youth across the country to be deliberate about seeking out and taking advantage of existing opportunities, particularly that provided by the Alliance.

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FBNHoldings Wins “Best Performing Stock And Best Stakeholders’ Communications Of The Year” At NIVA Awards 2022

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FBNHoldings Wins "Best Performing Stock And Best Stakeholders’ Communications Of The Year" At NIVA Awards 2022

…FBNHoldings Plc Wins NIVA Awards

Olushola Okunlade Writes

FBNHoldings Plc has won two awards, Best Performing Stock and Best Stakeholders’ Communications of the Year at the 2022 Nigerian Investor Value Awards (“NIVA”) which was held at Lagos Continental Hotel, Lagos last Saturday, May 14th, 2022.

According to the organizers, “Best Performing Stock and Best Stakeholders’ Communications of the Year Award” was conferred on FBN Holdings Plc for proven the resilience of its business model, and recovery capacity across all verticals it participates in, and strategic opportunism in new growth areas.

This award is in recognition of the indelible contributions of FBNHoldings Plc and its subsidiaries to the economic growth of Nigeria, throughout its 128 years of existence; representing all that is enviable about the financial services industry in Nigeria, reinventing itself to transform into a digital bank with sprawling footprints across the country and Africa.

FBNHoldings Wins "Best Performing Stock And Best Stakeholders’ Communications Of The Year" At NIVA Awards 2022
Left-Right: FBNHoldings Plc’s team at the event, Bode Oguntoke, Head, Internal Audit, FBNH, Opeyemi Okojie, Head, Strategy & Corporate Development, FBNH, Wale Ariyibi, Chief Financial Officer, FBNH receiving the award from Jude Chiemeka, Divisional Head, Capital Markets, Nigerian Exchange Limited, Ogho Okiti, MD/CEO BusinessDay Newspaper, and Simisola Salami, Team Lead, Communications & Shareholders Engagement, Investor Relations FBNHoldings Plc at the year 2022 Nigerian Investor Value Awards which held at Lagos Continental Hotel, Kofo Abayomi Street, Lagos last Saturday.

FBN Holdings Plc has been providing exceptional services to its customers, bringing mainstream banking to Nigeria’s 774 LGAs. Through its Agent Banking Platform, they empower people and transform lives. Its shareholders remain key to its success story and every day it strives to deliver quality returns on its investment whilst strengthening the fundamentals of the business through smart investment in technology, our people, and process. As a business, it also prioritizes Nigeria’s Economic, Social, and Governance practices to ensure the sustainability of the environment.”

The company has won many awards for its portfolio.

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