Business
IPMAN Raises Alarm Over Pipeline Vandalism
The Independent Petroleum Marketers Association of Nigeria (IPMAN), Ejigbo Satellite Depot, has raised an alarm over incessant activities of pipelines vandalism at Idimu, Alimosho Local Council Development Area (LCGA) of Lagos State.
Its Chairman, Mr. Akin Akinrinade, lamented that some vandals, who were found scooping petrol on System 2B pipeline in front of Good Luck Estate, Idimu, absconded while security agents tried to apprehend them.
He said, “IPMAN Satellite Depot is constrained with heavy heart to announce the vandalism of the Nigerian National Petroleum Company Limited (NNPCL) pipeline at Idimu in Alimosho LCDA of Lagos State, in front of Good Luck Estate.
“This continuous vandalism is a setback to the effort of IPMAN and NNPCL to ensure uninterrupted supply of petrol to Lagos and the entire South-west region of Nigeria.
“It is noteworthy that a 33,000 litre truck with registration number JND 162 XA belonging to one R. A. Oluwakemi, a marketer, loading at Ibadan depot was apprehended at the scene of petrol scooping in Idimu.
“The truck which was painted in blue and white colour, with registration number JND 162 XA was apprehended at the scene of the vandalism”.
According to Akinrinade, IPMAN appreciated the effort of the security agencies in apprehending the culprits.
“We underscore the immediate effort of the Commissioner of Police, Lagos State, the Area Commander, Area ‘M’, Idimu.
“The Nigeria Security and Civil Defence Corps (NSCDC) and the Nigerian Navy are also appreciated for their efforts”, he said.
He, however, urged the security agencies involved in investigating the unpatriotic act to take the investigation to a logical conclusion and and ensure that justice is served appropriately.
He also called on Lagos State Government to be proactive in protecting the NNPCL pipelines within the State.
Akinrinade said the vandals absconded, while all their scooping equipments and the trucks were abandoned.
According to him, the items abandoned have been taken to Idimu Area “M” Command by the security agents.
“We appeal to the police to do justice and bring the culprits to justice. We at the Ejigbo Satellite Depot are ready to lend a helping hand to security agents in bringing pipeline vandalism to a halt.
“We have adopted a system that does not encourage vandalism. Security agents close to where pipeline network should also assist in patrolling around the axis”, he said.
Akinrinade advised that security agents, saddled with the responsibility of protecting the pipelines, to have relationships with IPMAN executives and the traditional rulers in those communities.
He called on the Federal Government to impose tougher penalties against petroleum pipeline vandals, saying the act affects the socio-economic growth of the nation, adding that IPMAN also support government’s efforts to ensure that the pipelines were continuously monitored.
MoniePoint Inc. a digital financial firm in Nigeria, has said it is empowering community pharmacists across the country with innovative payment solutions to improve access to drugs.
The financial firm said it had also provided loans for pharmacists under the aegis of the Association of Community Pharmacists of Nigeria (ACPN) to drive healthcare delivery in the country.
MoniePoint in a release titled, “Inside Nigeria’s community pharmacies: How Moniepoint drives healthcare access with payments and funding”, has reaffirmed its commitment to providing digital payment solutions to improve health outcomes in Nigeria.
The release examined how community pharmacies play a crucial role as vital access points for medical care in Nigeria, especially in areas with limited hospital or clinic access.
According to the release, the ACPN National Chairman, Ambrose Igwekwam, highlighted the critical role played by community pharmacies in Nigeria’s healthcare system over the years.
Igwekwam, however, expressed concerns over the challenges confronting the nation’s pharmaceutical industry which he said was hindering access to affordable medicines.
The pharmacist listed poor infrastructural systems, power, transportation, regulatory bottlenecks, importation dependency, and limited research opportunities as major challenges facing the pharmaceutical sector.
He also stressed the need for robust collaborative efforts with institutions like Moniepoint to strengthen the sector.
“As Nigeria continues to grow, improving local pharma manufacturing to meet the demands of this growth presents a key opportunity for us all.
“There is also the African Continental Free Trade Area Agreement, which is expected to boost our industry, especially when we start producing our drugs locally, which will provide the much needed foreign exchange from exports.
“We are also seeing advancements in digital health and technology which would hopefully deepen the practice of e-prescription in Nigeria”, the ACPN boss said.
Corlins Walter
In order to enhance customer service and streamline operations, the Chartered Insurance Institute of Nigeria (CIIN) has called on stakeholders in the insurance industry to embrace Artificial Intelligence (AI).
The President of the institute, Yetunde Ilori, made this call at the 2024 Office Representatives Committee (ORC) Workshop, organised by the institute, with the theme “AI and the Future of the Insurance Industry”, in Lagos.
Ilori at the event, emphasised the importance of AI adoption, noting that it was not a threat to jobs but rather a tool to improve efficiency across the insurance sector.
“It is not about AI taking over our jobs, but about us using AI to simplify processes and give maximum satisfaction to all the customers we serve whether as underwriters, brokers, loss adjusters, or in educating our members”, she said.
The workshop, which brought players in the insurance sector together, aimed to address how AI could be leveraged to transform business processes and improve customer interactions.
The Chairman of the ORC, Monica Nwachukwu, underscored the role of AI in modernising the industry, adding, “AI can automate customer and claims processes, allowing insurers to provide faster and more efficient services to their customers”.
She explained how AI could help extract data from legacy systems, enhancing decision-making processes.
“By integrating AI with APIs, insurers can feed valuable data into AI solutions to improve operations and customer service”, she added.
In his address, the Managing Partner of A4S and Training Heights, Orlando Odejide, stressed the need for companies to align their strategies with future technologies like AI, especially as they prepare for 2025.
“Any organisation that wants to grow into the future must have its strategic plan in place. If your strategy for 2025 is not ready, it should be done by October”, he advised.
He encouraged participants to think critically about how AI could be integrated into their business models to ensure they remain competitive.
“The idea is for you to use this workshop as a platform to think about your organization and how AI can help streamline your processes and improve growth”, Odejide noted.
In order to gain global respect and recognition, the National Space Research and Development Agency (NASRDA) has reaffirmed its determination to pursue its goal in ensuring that Nigeria’s space capabilities are recognised on the world stage.
The agency also reaffirmed its commitment to positioning Nigeria as a key player in the global space economy.
In a statement by the Director of Media and Corporate Communications, Dr. Felix Ale, NASRDA revealed that the Director-General of the agency, Matthew Adepoju, emphasised this during recent engagements at the 79th United Nations General Assembly and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and Global Alliance Business Association international conference in Michigan, United States.
The statement noted that Adepoju outlined a forward-thinking agenda, stressing the importance of Nigeria’s space programme as a leader in research, exploration, and technological innovation.
“Our goal is to ensure that Nigeria’s space capabilities are recognised on the world stage.
“We must foster collaborations with global space agencies to enhance our satellite capabilities and technological infrastructure”, he stated.
The NASRDA boss said the agency is focusing on enhancing satellite capabilities, expanding international collaborations, and leveraging space science for national development.
He said NASRDA will have no stone unturned in pursuit of excellence, ensuring the agency secures the necessary resources and recognition to propel it forward.
“The relationships we build today will pave the way for tomorrow’s advancements in space science.
“Innovation and progress thrive in an environment built on collaboration and inclusivity”, he stated.
He emphasised that with the support of the government, international partners, and a dedicated team, NASRDA is poised to make significant strides in the evolving global space landscape.
“We are on the brink of a new era for Nigeria’s space agency. Together, we will ensure our nation stands out in the global space economy”, he said.
Corlins Walter