Business
Building Under High Tension Lines: PHED Lauds CRSG’s Initiative
The Port Harcourt Electricity Distribution Company, (PHED) has commended the intervention of the Cross River State Government in ensuring that those found to have contravened safety standards by building or erecting structures under PHED’s high tension lines were advised to vacate immediately.
The Chief Executive Officer, PHED, Naveen Kapoor who made the commendation during a safety meeting with stakeholders held recently in Port Harcourt, said it was a right move in the right direction.
Kapoor noted that any government desirous of safeguarding the lives of its citizens in terms of unwarranted deaths from electrocution would not leave any stone unturned.
The PHED boss’ expression is coming on the heels of the recently circulated release by the Cross River State Government, which was made available to his office.
The Tide learnt that Cross River State through the Ministry of Information and Orientation, has directed all illegal occupants under the high tension lines to vacate or face appropriate sanctions.
The Commissioner of the Ministry, RoseMary Archibong, said that the Government has observed with dismay the flagrant abuse of the right of way of PHED’s high tension lines by some members of public despite several calls and directives by Government Agencies that they should desist from building any structure or carrying out trading under high tension lines.
Structures like buildings, shops, drinking parlours, viewing centres and trading activities along Atekong Avenue by Mariam, Akim Market, Etta Agbor, UNICAL Gate, Atimbo by Access Road, Ika-Ika Oqua Market, Nyahasang and Golden/Mount Zion would be affected by the government’s directive.
Other areas are Barracks Road/Bogobiri Suya, 8 Miles market by First Bank, Old Odukpani Road, Essien town, Ikot Ishie, Ikot Ansa, Ikot Effanga and Eburutu Barracks Junction.
They have contravened the safety standards and thereby put the lives of the citizens at the risk of electrocution.
“‘Government hereby strongly advises all concerned as a matter of urgency in their own interest to remove every structure under the high tension lines in Calabar or face the appropriate sanctions.
“Every life is important to this Government and must be protected”, Mrs. Archibong concluded.
It would be recalled that 8 people lost their lives and 11 others sustained various degree of electrical injuries when UNICAL 11kv lines snapped and rested on top of a football viewing centre at Nyahasang on 20th April 2017.
A similar incidence also occurred on Cameroon 11kv feeder on 21st October 2017 where a nursing mother and a-100 level student of Cross River State University of Technology lost their lives.
However, in order to further improve the safety standards not only in Calabar, the management of Port Harcourt Electricity Distribution Company, PHED, has embarking on re-stringing/re-conductoring of the age long network.
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