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FG Mulls N5000 Cash Transfer to Nigerians through NIPOST

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Federal government said it would soon commence the payment of N5000 to vulnerable poor Nigerians in three states, using the newly introduced financial services of the Nigeria Postal Services (NIPOST) for the cash transfer.

 

The government said the package is under the present administration’s social welfare programme to help the poor and the needy in the society.

 

Under the new contract, NIPOST is expected to dispense the N5,000 cash to the poor in three states including Nasarawa, Benue and Anambra.

 

Bisi Adegbuyi, postmaster general and chief executive officer of NIPOST, made the disclosure  in Oyo town at the occasion of 2018 World Post Day celebration.

 

He said NIPOST was able to win the contract due to its innovative programme and use of technology to advance its services to the people across the country.

 

He said ” For instance, the National Cash Transfer Office which caters for the vulnerable, the poor  in the society awarded NIPOST the job to transfer cash to the poor . They give them N5000, every month, and because NIPOST has transformed and leveraging on technology , we were  awarded  the cash disposal of N5000 in Benue, Nasarawa and Anambra . Who are we serving , we are serving the poor , the post is ready to deliver the goods to bring happiness .”

 

Present at the celebration are the Alaafin of Oyo , Oba Lamidi Adeyemi represented by the retired archbishop of Methodist Church Nigeria,  Ayo Ladigbolu , the Postmaster of the Federation, Barrister Bisi Adegbuyi, the Managing Director of Wema  Bank, Mr. Ademola Adebise , former Chairman of First Bank PLC, Rev. Akinboboye, NIPOST Zonal Manager , Mrs Ekeleme Kristie and Vice Chairman, Oyo East Local Government, Hon. Wahab Tajudeen .

 

Others included top security chiefs, school children, artisans and officials of Wema Bank and Keystone bank.

 

The Postmaster General in his speech informed the gathering that the present administration led by President Mohammadu Buhari has embarked on people oriented programme to improve the social welfare of the vulnerable poor in the country.

 

Speaking further on the 2018 World  Post Day with the theme ” The Post: Delivering good to the world” , Adegbuyi said ”  Its not just a question of NIPOST alone World Post Day is celebrated in 192 countries that belong to Universal Postal Union to bring to the fore the achievement of Post in the past year the agenda they have set for them in terms of renovation and all the likes.”

 

He further disclosed that NIPOST in its transformation drive has commenced financial services and e-banking to bring financial services to the rural people across the country.

 

”  But why we are here today is to flag off our agency banking in partnership with We a bank and Keystone bank. What is agency banking? It is aimed at bringing basic financial services to the people in semi urban areas and rural area. The financially excluded, the un-banked , the under- bank . They have been estimated to be around 41 percent of adults in Nigeria .

 

” It is also in line with the sustainable development goals of the United Nations. Governance is not for the rich but for the poor who live in the rural areas. Our people, artisans, women, men, laborers and others should have access to basic financial banking services. We are here to demonstrate to Nigerians that NIPOST has moved beyond mere letter delivery. We are going to financial services, you members of the press have seen it when we demonstrated account opening procedure where you can paid in deposit, you can do withdraw, how you can pay utility bills, WAEC, NECO.

 

“We also demonstrated that our E-money is ready. We must leverage on technology that trendy everywhere, that is enabling Post Offices who are ready to subscribe to 21st century postal administration.

 

We are just flagging it off. This is the first location; we will move from one location to the other. Nigeria is a massive country with 180million people. It’s a gradual process,” he said.

 

Earlier, the Alaafin of Oyo, Oba Lamidi Adeyemi commended NIPOST for its giant strides in recent years, describing the event as very significant in the history of the agency.

 

Speaking through his representative, Archbishop Ayo Ladigbolu, Oba Adeyemi said NIPOST has remained the only agency that has continued to connect the people, facilitating communication and enabling the people to stay in touch.

 

” But it has gone beyond that limit, today your money is save if you send it through NIPOST. It is a great pleasure to continue to identify and relate with NIPOST,” the royal father said.


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Adeleke Describes Adenuga’s Contribution to African Economy as Unquantifiable

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Senator Ademola Adeleke, the Osun State Governor, has described the Chairman of Globacom, Dr. Mike Adenuga, Jr., as an icon who has made enormous contributions to the development of Nigeria and Africa.

Speaking when he received the Public Sector team from Globacom in his office at Osogbo recently, the governor also commended the positive impact the company has made in the telecoms industry in terms of innovation and pricing.

He described Dr Adenuga as a great believer in Nigeria “whose impact on the Nigerian and the African economy cannot be quantified”.

Adeleke assured the Globacom team led by Niyi Odejobi of his government’s readiness to explore areas of business partnership with the company. “Be rest assured that this partnership is already a reality. We just need to work out the details”, Senator Adeleke noted.

He urged telecommunications companies to strengthen ties with the state government, adding that “the subnational entities are where your market is. Even though the regulatory body is national, your market base remains the states and the local governments. You must deliberately prioritize partnership with the state government.

“The telecom community must understand that giving full support to the states in terms of payment of right taxes and corporate social responsibility is an investment in your market. The more robust the state governments are, the more buoyant your market will be,” the governor said.

In his own remarks, Odejobi pledged Globacom’s support for the growth and development of Osun State, adding that it would deploy various internet and digital infrastructure to promote governance and businesses in the state.


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Foodstuff Store introduces Innovative Recycling Program

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Foodstuff Store, an AgriTech company on Wednesday announced the introduction of its innovative recycling program. The expansion of the corporate mission to include waste management and recycling solutions underlines the company’s commitment to sustainability and environmental responsibility.

Foodstuff Store is providing a way by which their customers who are provided with wholesome and fresh food products directly from farmers can now dispose of their plastic wastes as an added service, thereby reducing their ecological footprint.

For every waste item delivered for recycling by customers, they’ll receive a credit that can be used for a next purchase at the Foodstuff Store.

Not only will this ensure a contribution to a cleaner environment, but it will also provide a way to incentivise their efforts towards adopting sustainability practices.

“We are thrilled to offer our customers a convenient way to recycle and contribute to a cleaner Nigeria and a cleaner planet,” says Diana Tenabe, Chief Operating Officer at Foodstuff Store. “By offering rewards for recycling, we hope to incentivize eco-conscious behavior within our communities in Nigeria.”

Nigeria faces a significant challenge with plastic pollution. The prevalence of single-use plastics, which is caused by widespread use of sachet water pouches, plastic shopping bags, and take-away containers, leads to massive waste generation. There are also recycling capacity challenges in Nigeria, where only a small percentage of plastic waste gets recycled.

Additionally, indiscriminate disposal of plastics and other waste materials contributes to overflowing landfills with plastics, clogged drainages that lead to flooding, and harming marine life.

Foodstuff Store believes that by working together with its customers, it can create a positive impact on the environment. This new program allows customers to enjoy the quality products and services they expect from Foodstuff Store, while also contributing to a more sustainable future.


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Edenlife Opens the first Homemade Outlet Store in Oniru, to open 49 more Across the Country 

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Homemade by Eden, the food retail business of Nigerian home concierge startup, Edenlife has marked a significant step towards National expansion with the launch of its first Outlet store in Oniru, Lagos State. This move signals the company’s commitment to bringing its signature homemade meals directly to consumers across the country.

Commenting on the launch of the Oniru Outlet, Nadayar Enegesi, CEO of Edenliife stated, ‘’At Eden Life, it’s in our DNA to adapt and meet the evolving needs of our consumers.

The new outlet store by Homemade exemplifies this commitment. These outlet stores will deliver delicious, home-cooked meals to its customers and create job opportunities in logistics and tech support, driving local economic growth.

By sourcing fresh ingredients from smaller Nigerian farms, we strengthen the agricultural sector and ensure a reliable supply chain. And there’s more to come we have plans to launch mobile kitchens in other strategic locations across the nation.

It’s a win-win situation – our customers enjoy a taste of home, we create jobs, empower local businesses, and contribute to a stronger Nigerian economy.’’

The establishment of these outlet stores translates to new job opportunities in logistics and potentially tech support for the mobile units. Additionally, the focus on fresh, local ingredients could encourage partnerships with smaller Nigerian farms, strengthening the agricultural sector and supporting local food production.

This localized approach to food delivery keeps money circulating within communities and fosters a more sustainable economic ecosystem.

Speaking at the launch event on Friday, May 10, 2024, Orafiri Adoki, Business Lead of Homemade stated that some of Nigeria’s food culture has not been fully explored.

She stated, “Nigeria has such a rich culture around food, which has not been explored to its maximum. So, with the launch of the Homemade outlet, we hope to introduce some of the meals Nigerians are used to at home while providing creative and innovative ways to enjoy these meals,” .

As Nigeria’s e-commerce sector continues to evolve, Eden Life’s innovative approach positions the company as a frontrunner in driving industry growth and reshaping consumer expectations. By providing a seamless omnichannel shopping experience, Edenliife not only captures market share but also cultivates meaningful connections with Nigerian consumers.

Nigeria’s e-commerce industry has been experiencing a boom in recent years, driven by factors like increasing internet penetration, smartphone adoption, and a growing young population. The e-commerce market in Nigeria is estimated to be around USD 8.53 billion in 2024.

It is expected to grow at a compound annual growth rate (CAGR) of 11.82% during the forecast period (2024-2029), reaching approximately USD 14.92 billion by 2029. E-commerce is expected to continue its strong growth trajectory in Nigeria, presenting immense potential for e-commerce platforms like Edenlife to capitalize on the rising demand for convenient and affordable food options.


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