Ehingbeti Will Drive Good Policy Environment, Attract Investment-Cardoso
The Co-Chair of Ehingeti 2021, the Lagos Economic Summit, holding from February 16 to 18, 2021, Mr. Yemi Cardoso has said the summit will bring about a good policy environment and attract investment to the state.
He noted that an excellent coordination of private-public relationship could signal stability to investors.
During an interactive session with journalists held via a virtual platform to discuss the significance and contributions of the private sector-led participatory forum yesterday, Cardoso said Ehingbeti is an ingenuous socio-economic apparatus that has contributed significantly to the development of Lagos State in the last 20 years.
“Ehingbeti is not a talk-shop where people gather to say nice things to themselves and depart. It is a platform for discussion of very serious issues about the socio-economic and infrastructural development of Lagos State. In fact, call it the planning board for gradual evolution of Lagos State into the desired shape and standard because deliberations at Ehingbeti feed into the Lagos Master Plan and implementations are monitored by multiple stakeholders”, he explained.
“As a participatory forum, Ehingbeti brings multiple stakeholders together to dialogue and listen to another. The dialogue results in understanding and consensus building. This an agreement to work together because of the shared vision established through the dialogue at Ehingbeti. At the end of these dialogues, communiqués would be issued and the parties begin to execute agreed programmes and monitor progress”, he added.
“With the monitored implementation, the public sector acquires a new sense of operations and while the private sector feels secure with the accountability signaled by the process”, he said.
He noted that about 17 communiques, jointly agreed by both the private and public sectors were issued in the first or second edition of Ehingbeti.
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Acknowledged as the first institutionalized economic forum by any state in Nigeria, Ehingbeti is a public-private sector roundtable that started as a collaborative effort between Lagos State Government and Business Club Ikeja. Since the inaugural summit in 2000, the summit has gained useful insights from innumerable business and political leaders, renowned economists, notable development experts and outstanding scholars, who have participated from different parts of the world.
Ehingbeti is an ingenuous socio-economic apparatus that has contributed significantly to the evolution of Lagos State into a major economy in sub-Saharan Africa and an admirable mega-city, with expanding potential. The summit, hosted by successive governments in Lagos State since the beginning of the 4th republic, has consistently redefined the dynamics of public-private sector collaborations for development across social and economic indices in Lagos State.
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BREAKING: PDP Suspends Anyim, Fayose
Former governor of Ekiti State, Ayodele Fayose; former president of the Senate, Pius Anyim; Prof Dennis Ityavyar and Aslam Aliyu were on Thursday suspended from the Peoples’ Democratic Party (PDP).
The PDP made the suspension on Thursday after an extensive review of the affairs of the party, pursuant to the provisions of the PDP Constitution (as amended in 2017).
The PDP also referred the Governor of Benue State, Samuel Ortom, to the National Disciplinary Committee over his reported involvement in anti-party activities.
This was disclosed in a statement signed by the National Publicity Secretary, Debo Ologunagba.
“The PDP urges all leaders, critical stakeholders and teeming members of our party across the country to remain united and focused at this critical time,” the statement added.
BREAKING: Ekweremadu, Wife Found Guilty Of Organ-trafficking In UK
A United Kingdom court has found former Deputy Senate President, Senator Ike Ekweremadu, 60, his wife Beatrice, 56, and Dr Obinna Obeta, 50, guilty of an organ-trafficking plot, which saw them bring a 21-year-old man to the UK
They were convicted of conspiring to exploit the man from Lagos for his kidney, reports the BBC.
Prosecutors told the Old Bailey the organ was to be removed and given to the couple’s daughter, Sonia, aged 25.
She was cleared of the same charge.
The victim, a street trader from Lagos, was brought to the UK last year to provide a kidney in an £80,000 private transplant at the Royal Free Hospital in London.
They were later arrested at the airport while trying to leave the UK.
NLC Orders Workers To Shut CBN Offices Nationwide Over Naira Scarcity
Worried about the continued scarcity of naira, the Nigeria Labour Congress (NLC) has officially declared a nationwide . The national president of the union, Joe Ajaero, gave the directive during a media briefing in Abuja.
Ajaero also directed that affiliate unions constituting the NLC should be on standby for picketing exercises across all branches of the Central Bank of Nigeria nationwide.
The NLC earlier issued a seven-day ultimatum to the Federal Government to end the petrol and cash scarcity being experienced in the country.
Ajaero told journalists on Wednesday that the industrial action became the last resort of the NLC following the expiration of the ultimatum.
He said the decision to picket the CBN branches became necessary as the federal government and the CBN had failed to show any commitment to addressing the situation.
Ajaero lamented that despite the Supreme Court order that the old N200, N500 and N1000 notes remain legal tender until December 31, 2023, the situation kept getting worse.
He said workers could not access cash to pay fares to work.
He also criticised the pricing irregularities in the petroleum sector.
“Last week, we gave an ultimatum for the review of the cash crunch bedevilling the country, but we have discovered to our dismay that as at this moment not much effort has been made to ameliorate the situation. Government is still foot-dragging on these issues we raised,” Ajaero said.
“Based on this, we met again this morning to review our position and resolved that by Wednesday next week all CBN branches will be picketed. Workers are directed to stay at home too because people cannot eat, workers can no longer go to the office, we have been pushed to the wall.
“We have decided to take our destiny in our hands, we have mobilised our workers on this exercise.”
The NLC has no fewer than 43 affiliate unions which include, but not limited to, the Academic Staff Union of Universities, the Nigeria Union of Pensioners, and the National Union of Road Transport Workers.
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