Business
Lagos state govt proposes 50 percent increase on waste collection bill over diesel price hike
The Lagos Waste Management Authority (LAWMA) says the agency is considering a 50 percent increase in the waste collection bill for residents of the state.
Ibrahim Odumboni, managing director of LAWMA, announced the development on Wednesday at a media briefing in Lagos.
Odumboni said the proposed price increase is due to the high cost of operations by private sector participants (PSP).
According to him, the cost of diesel used by PSP operators increased from N278 per litre in January to about N875, representing 300 percent increment.
”We are in the process of having an extensive pricing review for PSP services offered to the households, knowing fully well the economic reality,” he said.
”Also, we are not introducing any change that will turn away consumers of our product.
”While the high cost is about 300 percent, we are proposing 50 percent increase across board.”
Odumboni also said the state is providing additional subsidies for diesel for PSPs, adding that Lagos generates 13,000 metric tonnes of wastes daily, and the waste collection trucks are run with diesel.
He appealed to Lagos residents to patronise PSP operators instead of the illegal cart pushers, saying such persons dump refuse indiscriminately.
Odumboni said the agency is also considering the use of compressed natural gas (CNG) to power PSP trucks to address the problem of high energy cost.
He warned that households found to be without waste bins risk sanction from October 1, adding that it is wrong for a compound of several houses to have just one waste bin.
”If you don’t have a bin from October 1, you may be prosecuted,” he said.
According to him, sanitary officers will go round from house to house to advocate on the importance of adopting a bin and sorting of wastes.
According to him, the agency is working on the creation of transfer loading stations (TLS) in all the LGAs of the state, for fast and smooth evacuation of waste around the metropolis.
In his remarks, David Oriyomi, president of Association of Waste Managers of Nigeria (AWAMN), said the high cost of diesel is negatively affecting their operations.
The Naira yesterday depreciated to N1,770 per dollar in the parallel market from N1,750 per dollar last weekend.
Similarly, the Naira depreciated to N1,675.62 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.
Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,675.62 per dollar from N1,652.62 per dollar last weekend, indicating N23 depreciation for the naira.
The volume of dollars traded (turnover) fell by 55.2 percent to $108.79 million from $243.05 million traded last week Friday.
Consequently, the margin between the parallel market and NAFEM rate widened to N117.38 per dollar from N97.38 per dollar last weekend.
The Nigeria National Petroleum Company Limited (NNPCL) has confirmed that the Port Harcourt Refinery in Rivers State has commenced crude oil processing.
The Chief Corporate Communications Officer of the compaanyy, Femi Soneye, broke the news on Tuesday.
Soneye revealed that the refinery will operate at 60 percent capacity and process 60,000bpd.
https://twitter.com/FM_Soneye/status/1861330633831620917?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1861330633831620917%7Ctwgr%5E776845f88f6fa6dd3c70082f4da1ee2632656999%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.vanguardngr.com%2F2024%2F11%2Fbreaking-port-harcourt-refinery-begins-crude-oil-processing%2F
“Today marks a monumental achievement for Nigeria as the Port Harcourt Refinery officially commences crude oil processing. This groundbreaking milestone signifies a new era of energy independence and economic growth for our nation,” Soneye said on Tuesday.
“Hearty congratulations to President Bola Ahmed Tinubu, the NNPC Board, and the exceptional leadership of GCEO Mele Kyari for their unwavering commitment to this transformative project. Together, we are reshaping Nigeria’s energy future!”
Soneye added that truck loading will commence on Tuesday (today), adding that the NNPCL is also “working tirelessly to bring the Warri Refinery back online soon”.
The National Bureau of Statistics (NBS) says Nigeria’s annual gross domestic product (GDP) grew by 3.46 percent in the third quarter (Q3) of 2024.
The NBS, in its GDP report published on Monday, said the growth rate is higher than the 3.19 percent recorded in Q2 2024.
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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.
She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others
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