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NSITF MD Faleye mourns Versatile Journalist, Sylvester Enoghase

B y Afolabi Oyekunle. The Managing Director/Chief Executive Officer, Nigeria Social Insurance Trust Fund (NSITF), Barrister Oluwaseun Faleye has expressed sadness over the death of the Labour Editor/Group Business Editor, Daily Independent Newspapers, Mr. Sylvester Enoghase. Barrister Faleye, in a personal condolence message, described the late editor as an exceptional journalist even as he consoled the family over the demise of their breadwinner. The condolence message read in part, “The Managing Director/Chief Executive Officer (CEO), Barrister Oluwaseun Faleye, and the entire Management and Staff of the Nigeria Social Insurance Trust Fund (NSITF) received with profound shock and sadness the news of the passing of Mr. Sylvester Enoghase, Labour Editor and Group Business Editor of Daily Independent Newspaper. "Mr. Enoghase was an exceptional journalist, a committed advocate for workers' welfare, and a steadfast ally of the Nigerian labour movement".  The NSIT...
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Agbado-Oke Odo LCDA, first among others in Environment cleanliness.

By Afolabi Oyekunle. Efforts of the present administration in Agbado-Oke Odo LCDA led by Hon. Jimoh Ejigbadero to ensure a clean environment in the markets, business places, and communities are  yielding positive results that the LCDA could be termed the cleanest in Lagos state. This is coming from the Executive Vice-chairman of the LCDA, Honourable Yusau Adetunji Shobayo who also double as Supervisor for Environment.   Honourable Shobayo while speaking with Focus News said the LCDA is prioritising a clean environment  and  doing well in ensuring there is no environment hazards as it has seen to regular cleaning of the markets, garages and clearing of refuses in the drainages. Hon. Shobayo at the May monthly environment exercise. He said prior to the coming of the present administration in the LCDA, the environment was not in good condition. To ensure a healthy and  clean environment,  Honourable Shobayo said a task force had been formed to...

EJIGBADERO-LED ADMINISTRATION COMMENCES CONSTRUCTION OF CLASSROOM BLOCKS AT AFRICAN CHURCH PRIMARY SCHOOL, TOMIA, KOLA

By Afolabi Oyekunle. In its desire to ensure befitting and conducive learning environment, the administration of Mayor Jimoh  Ejigbadero in the Agbado-Oke Odo LCDA has commenced the construction of new classrooms blocks at African Church Primary School, Tomia, at Kola bus stop.   On-going construction. This is contained in a press release by the Chief Press Secretary to the Executive Chairman, Agbado/Oke-Odo LCDA, Ojo Samuel Oluwafemi   According to the release, the construction is also part of the administration ongoing commitment to improving educational infrastructure and creating a more conducive learning environment for pupils within the LCDA. "Education remains a critical pillar of sustainable development, and the administration recognizes the importance of providing modern and functional facilities that support effective teaching and learning. The new classroom blocks are designed to address infrastructure needs within the school while enhancing th...

Blue Lagos Initiatives partners LASHMA to extend quality health care to People of 152 Coastal Arears in Lagos state.

By Afolabi Oyekunle. Blue Lagos Initiatives has secured a major healthcare partnership with the Lagos State Health Management Agency (LASHMA) aimed at expanding access to quality healthcare services in Lagos State's riverine and coastal communities through the rollout of a Telemedicine Scheme. The collaboration was reached during a strategic meeting between the Blue Lagos delegation led by its Convener, Mr. Saheed Adesanya, and the management team of LASHMA led by the Permanent Secretary, Dr. Emmanuella Zamba.  The meeting focused on exploring innovative healthcare solutions for underserved communities and strengthening access to essential medical services across Lagos State. As part of the partnership, plans are underway to deploy telemedicine services across 152 riverine and coastal communities, enabling residents to consult healthcare professionals remotely and access medical advice, referrals, follow-up care, and other vital health services without the challenges of...

Democracy is here to stay, despite challenges: Honourable Yusau Shobayo.

B y Afolabi Oyekunle. June 12 is a significant day in Nigeria, to mark democracy and commemorate the historic 1993 Presidential election annulled by the Military regime of General Ibrahim Babaginda.  To millions of people, the peaceful election was won by Chief Moshood Kashimawo Abiola,but was annulled by the military regime. Unfortunately Chief Abiola lost his life while in detention. Since the annulment of the June 12 election, Nigerians have seen several civilian governments despite some challenges that threaten democracy such as insurgency, rigging of elections and religious bigotry. Speaking on Democracy in the country so far, a committed, versatile politician, the Executive Vice Chairman of Agbado-Oke Odo LCDA, Honourable Yusau Kehinde Shobayo while speaking to FocusNews said the country is progressing vast under democracy and many people have realised there is no alternative to it, and advised the people to continue to believe in it. Honourable Yusau ...

PenCom: Pension assets rise to over ₦32 trillion naira.

By Afolabi Oyekunle The National Pension Commission says Nigeria’s pension assets have risen to over ₦32 trillion, equivalent to 10.4% of Gross Domestic Products. PenCom Director-General Omolola Oloworaran said this in Abuja while receiving a delegation from Kenya’s Retirement Benefits Authority for a four-day study visit. Pencom DG Omolola Oloworaran Represented by the Director of the Surveillance Department, Abdulrahaman Muhammad Saleem, the Director General highlighted the remarkable growth recorded under Nigeria’s CPS since its introduction. She said growth in pension assets over the years reflects the sustained success of the country’s pension reform implemented since 2004. She said the industry’s growth has been driven by consistent regulatory reforms, stronger governance standards and enhanced supervisory mechanisms designed to protect contributors’ funds and improve retirement outcomes. The Director General described the Federal Government’s recent settlement of ...

Contributory Pension Scheme is failing Pensioners says Public Analyst

By Afolabi Oyekunle A 𝘗𝘶𝘣𝘭𝘪𝘤 𝘗𝘰𝘭𝘪𝘤𝘺 𝘈𝘯𝘢𝘭𝘺𝘴𝘵 & 𝘎𝘰𝘷𝘦𝘳𝘯𝘢𝘯𝘤𝘦 𝘚𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘴𝘵, 𝗦𝗵𝗮𝘁𝗮𝗺𝗶 𝗧. 𝗕𝘂𝗺𝗯𝗮 has faulted the inconsistent in the Contributory Pension Scheme.  He said under the scheme, the senior citizens are being systematically impoverished by a financial model that fails to account for macroeconomic volatility. He posited that while the National Pension Commission (PenCom) frequently celebrates the growth of total pension assets, now exceeding ₦30 trillion, the purchasing power of the individual retiree is being aggressively eroded. "The system may have eliminated the long physical queues of the old Defined Benefit era, but it has replaced them with a quiet, digitized destitution."   Consider the empirical flaws currently affecting our retirees: • 𝗧𝗛𝗘 𝗡𝗘𝗚𝗔𝗧𝗜𝗩𝗘 𝗥𝗘𝗔𝗟 𝗥𝗘𝗧𝗨𝗥𝗡𝗦: In the recent fiscal cycle, many Pension Fund Administrators (PFAs) reported returns on Fund II (the default fund f...