An environmentalist, Mr Gafar Odubote, has suggested the recycling of organic wastes into manure for crop production to enhance the clean environment and boost food production.
He explained that the recycling of organic wastes to compost manure would be of dual benefits to the environment and the agriculture sector.
He said that an analysis of solid wastes by LAWMA in Lagos State revealed that 47 per cent of it was composed of biodegradable organic material and in some areas it could constitute as much as 55 per cent of the total waste stream.
“Biodegradable includes wastes from the kitchen, gardens, markets, restaurants and the agriculture sector among others.
“These wastes can be oxidised by natural microorganisms because they are derived from living organisms.
“The organic wastes can be compost as manure for farm production and refined into useful energy production such as in biomass and biofuel, which can be part of a sustainable energy mix.
“Organic waste can also be treated to make compost for soil manure and other soil conditioning products.
“Some countries have developed specialised infrastructures to recycle organic waste and recover material from a broader range of degradable organic carbon,” Odubote said.
He pointed out that challenges might be encountered in recycling organic wastes.
The environmentalist, therefore, called for all hands to be on deck to make the practice a reality.
“The key challenge to recycling organic wastes is the inability to sort them appropriately from various wastes streams right from home or point of generation.
“Also the fact that we do not have adequate infrastructure to selectively sort wastes from homes, require facilities to recycling them on a large scale without polluting the environment.
“Sending organic wastes to landfill, which we are currently experiencing, is causing harm to the environment.
“Organic wastes should be seen as an important resource that can be refined into marketable products that would generate revenue and employment opportunities.’’
The expert also called for intensive campaigns to advocate for the conversion of biodegradable domestic waste to manure for agricultural purposes and waste reduction in the country.
“Most awareness campaigns have focused on plastic wastes and recycling.
“It is equally important we sensitise people about organic waste and how we can have a rethink about it.
“There is a need for government and private organisations to increase investments towards developing facilities for recycling organic wastes.
“Recycling requires a lot of funding and we must get it right.
“While a plan should be put in place to out rightly ban organic wastes from landfills, stakeholders must collaborate in developing measures to reduce wastes,” he told NAN.
For example, he said that market people could be trained on how to properly handle and store organic products.
“We cannot keep doing the same thing the same way and expect a different result.
“It is high time we have a rethink about how we use our resources.’”
Edited By: Abiemwense Moru/Abdulfatah Babatunde (NAN)https://nnn.ng/expert-recommends-recycling-of-organic-waste-to-manure-for-crop-production/
NCDC announces 195 new COVID-19 cases, death toll hits 1,100
The NCDC made this known on its official twitter handle on Monday.
According to the agency, the new infection takes the total number of confirmed cases in the country to 57,437.
The health agency sadly reported two new deaths raising the death toll in the country to 1,100.
It also reported that 105 patients who had been treated and had also recovered from the infection were discharged across the country.
Among other states that recorded new cases were Rivers (12), Kaduna (8), Ondo (3), Bauchi (2), Edo (1), and Ogun (1).
According to the agency, till date, 57,437 cases have been confirmed, 48,674 cases have been discharged and 1100 deaths have been recorded in 36 states and the FCT.
The health agency said a multi-sectoral national emergency operation centre (EOC) activated at Level three, had continued to coordinate the national response activities across the country.
Meanwhile, the agency has warned that majority of Nigerian states were not testing enough.
It said, “We do not have enough data coming out of these states to ascertain if we are improving or not or where exactly we are.
“So we have to work together; in summary, it is way too early to make any interpretation whether we are flattening the curve or not.”
The NCDC appealed to more states to test consistently so that progress could be monitored on a national level.
Edited By: Ejike Obeta
NSE, others commit to expanding retail investment opportunities in capital market
The News Agency of Nigeria reports that the webinar was on “Capital Market Investing in a Digital Age”.
Mr Oscar Onyema, Chief Executive Officer, NSE, in his address, said that investor participation was crucial to sustainable economic growth.
Onyema said that the Exchange was committed to playing its role in advancing the Federal Government’s financial inclusion goals.
“Investor participation is central to the growth of sustainable development of any economy.
“NSE is committed to playing a critical role in the advancement of the FG’s financial inclusion goals.
“As part of our efforts to realise the objectives of the financial inclusion, we intend to facilitate conversations which will serve to equip existing and potential investors with the necessary skill to effectively manage and grow financial resources at their disposal.
“In these engagements, we will also expand the retail investment opportunities available in the capital market and the channels through which they can be accessed,” Onyema said.
“The outbreak of COVID-19 adversely affected the global economy in many ways and at different magnitude.
“The Nigerian capital market was also negatively affected, with the market witnessing a downturn in Q1 of this year.
“However, the market rebounded in Q2 and as a result the NSE all share index has recorded a 18.9 per cent increase from its position at the end of March.
“The market also witnessed the growth in the percentage value of equity transactions contributed by retail investors, currently at 29 per cent from 21.8 per cent in 2018 and 24.72 per cent in 2019,” he said.
According to him, these highlight the market’s resilience in time of adversity and is a testament of market stakeholders’ ability to adapt.
Onyema said that digital technology played a significant role in achieving the positive results recorded in the NSE so far.
He said that technology had helped to make significant services more easily accessible.
Mr Laolu Martins, Managing Director and Chief Executive Officer, NISL, said that it had become imperative to ensure that retail investors were made aware of the opportunities inherent in the capital market.
Martins said that for retail investors, navigating through the web of processes in the capital market was usually difficult, thereby discouraging them from investing.
He said: “The general belief is that retail investors are often left behind and do not have enough knowledge on the workings of the capital market.
“NISL is a securities trading company, financial advisory service, offering consulting solutions to corporate bodies across the value of activities on the stock exchange.
“In order to invest properly, all investors need to carry out some sort of financial planning, no matter how small or big.
“We realised that for retail investors, it is usually difficult for them to navigate through these web of processes and other issues that create a bottleneck or discourage investors.”
Martins said that some processes that create difficulties for investors include budgeting, investment, savings, risk management and liquidity management.
“At NISL, we have enough expertise to ensure that we help our investors navigate through this web of terms and processes to ensure that their investment is rewarding,” he said.
Martins said the reason for the webinar was to expose some of the investment opportunities for retail investors.
“This webinar is to enlighten the investing public, retail investors, that they can buy bonds in the NSE and it is like lending your money to a company or a government entity.
“It is advisable that retail investors should approach their stockbrokers to guide them in which bond they should invest in,” he said.
Mr Femi Balogun, Head, Market services Department, NSE, spoke on the importance of market data in guiding investors’ decision.
“Market data is important to the investment of an intending investor.
“Some people are good at picking stocks, but If you use data to drive your decision in conjunction with your expertise, you make a better informed decision on your investment,” he said.
Amolegbe said that the Exchange had always provided avenues that would support and ensure a seamless investing process for retail and other investors.
Edited By: Tayo Ikujuni/Oluwole Sogunle
Tinubu hails wife at 60
Sen. Bola Tinubu, National Leader, All Progressives Congress (APC), has felicitated with his wife, Sen. Oluremi Tinubu, as she clocks 60.
Tinubu, in a tribute on Monday in Lagos, praised the Sen. representing Lagos Central Senatorial District for her perseverance, endurance and independent character.
He appreciated her commitment, humanitarian care for both young, the elderly and the needy, especially for the people of her senatorial district.
The APC leader described Sen. Tinubu as her greatest friend, ally and supporter even at mostly difficult times.
“We are a living symbol of love, care, perseverance and commitment. There are so many moments, twists and turns in our lives.
“During the dark days when democracy was assaulted in this country, we suffered a lot, the family suffered and as a result of that, she was in America while I was criss-crossing Europe.
“It was a very trying period for every one of us as my wife single handedly raised our children.
“We endured and got through all the turbulence and today we are still in positions to serve our nation and serve our people,” he said
The former governor of Lagos who expressed happiness as his wife attained 60, thanked God for sparing their lives and preserving their love together.
“This moment when Nigeria is 60, my wife is also 60. It is a wonderful thing.
“We mark the day with soberness. Soberness because many people pray to live to see today but they could not.
“The pandemic has taken away some of our friends, those close to us.
“Today, some people are still lying critically ill in the hospital. Some children have become orphans as a result of what is happening around the country.
“So, it is a sombre celebration on the occasion of her 60th.
“For Nigeria, turning 60 is also a moment for reflection about all that we have been through and where we are,” he said
Tinubu added that he wished his wife to live longer and for her legacy to be great.
“My wish is for her to live longer, for her legacy to be great, be in good health and continue to enjoy the fruit of her labour.
“I pray she enjoys her children, grandchildren and for all of us to live in good health,” he said.
Edited By: Wale Ojetimi
NCAA to revoke erring airlines license over non-compliance with COVID-19 protocols
The NCAA Director General, Mr Musa Nuhu, issued the warning in a letter to all operators (DG39/20) with reference /11/16/267, dated Sept. 21, on Monday in Lagos.
The News Agency of Nigeria reports that the title of the letter was “Non-Compliance with COVID-19 Protocols’’.
Nuhu said the warning was necessary because some domestic airlines had been flouting the protocols.
The director general added that continuity in that line would attract severe penalties, including revocation of approval.
According to him, the continuous non-compliance with the COVID-19 protocols will attract severe penalties up to and including cancellation of approval to resume domestic operations.
He said: “It has been brought to the notice of the Nigerian Civil Aviation Authority that some domestic airline operators have not been complying with the COVID-19 protocols.
“Approval for resumption of domestic operations are predicated on compliance with the above protocols.”
Nuhu added that this was a warning to all domestic operators who were not in compliance to desist from such acts immediately.
Edited By: Idonije Obakhedo