Business
Awkuzu Street Residents Lament Two-Month Black Out
Residents of Awkuzu
Street in Mile One, Diobu, Port Harcourt, have lamented a two-month power outage as the Port Harcourt Electricity Distribution Company (PHED) insisted on payment of 60 per cent debt arrears before restoring light in the area.
Some of the electricity consumers in the area alleged that even when they had paid their bills up to date, the firm had continued to deny them supply.
One of the residents who identified herself as Comfort said the outage has become a big challenge as she could no longer run her business profitably in the area.
“I’m relatively new here but I am not owing PHED a kobo, but for nearly two months I have seen a flicker of light and this situation is frustrating my business”, she said.
The chairman, Awkuzu Light committee, Mr Etuk Umoetuk, who spoke to our correspondent yesterday said efforts to get PHED restore light in the area has remained unsuccessful.
He narrated that on 22nd June 2016, staff of PHED came and after testing the transformer, said it was faulty and beyond repair.
According to Umoetuk, “the company said they had no transformer to replace the faulty one for us and that the only option available was for us to pay at least 60 per cent of all the residents owe the firm.
The committee chairman alleged that while computing the 60 per cent of debt owed, the officials of PHED included the periods when there was blackout, a situation that was objected to, by the residents.
He said, a total of N9million was demanded from the residents and that included charges that were recorded at periods there was no light in the area.
Worried by the frustrating situation he said the residents mobilised in large number to state a protest to both the Moscow Road Head Office of the firm and its Business Centre office in D/Line but on seeing the crowd, the Divisional Police Officer of Mile One Area Command, advised them to send only ten representatives to the PHED offices instead of mass protest because of security situation a suggestion that was agreed.
According to him, at the D/Line office, the Business manager accused them of reconnecting those owing the firm each time field workers of PHED disconnected them.
“But the real situation is that after disconnecting customer that had not paid, staff of PHED normally turn back to reconnect them when they had been offered bribe,” Umoetuk alleged.
He said to raise the 60 per cent debt owed by residents of the street, the committee had started laying both those who are owing and those that are up to date in bill payment to pay as to enable them arrive at the amount demanded.
“Though PHED had promised restoring light but we are yet to see it,” he added.
Efforts to get response of the Corporate Communications Manager of PHED, Mr Jonah Iboma, could not yield result as he could not be reached through his phone line.
Chris Oluoh
Business
MoneyPoint Empowers Pharmacists With Payment Solutions
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
Business
Embrace AI, CIIN Urges Insurance Operators
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.
Business
NASRDA Reassures On Strengthening Nigeria’s Space Capability
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