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SANWO-OLU CALLS FOR TECHNOLOGICALLY DRIVEN PUBLIC SERVICE

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Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu has stressed the need for the nation’s Public Service to be more innovative and technologically driven owing to its significant role in national development.
Speaking today through his deputy, Dr. Kadri Obafemi Hamzat at the Opening of the 42nd Meeting of the National Council on Establishment in Ikeja, the governor emphasized that “in the 21st Century where technology and innovation are the main drivers of development, our public service must not live in the past; it must reflect the new age and strive to be competitive as a foremost public service in the sub-region and Africa”.  
While stressing that the Public Service, no doubt occupies strategic position in governance as a result of the responsibilities entrusted in their care, Sanwo-Olu noted that no government can succeed in actualizing its vision and plan for the people without an effective, efficient and innovative public service charged with its responsibility of implementing government policies and programmes.
He disclosed that his administration accords conditions of service and staff welfare a pride of place in the state and is committed to ensuring that its serving and retired public servants are deservedly compensated and appreciated for their meritorious services.
The governor remarked that the state government is resolute in its conviction to bequeath a greater Lagos to both present and future generation.
Earlier in her address, the Head of the Civil Service of the Federation, Dr. Folasade Yemi-Esan stated that in line with its role as the engine room for national development, a modern Nigerians Civil Service must remain strategically positioned to develop and drive reforms that would have transformational impact on all sectors of the nation’s economy.
She emphasized that as service providers, civil servants must brace up to meeting the challenges of service delivery and other dividends of democracy to the rising population of the country.
Dr. Folashade Yemi-Esan added that arising from this challenge, the President Muhammadu Buhari led administration is putting in place, a number of mechanisms to drive its flagship digitalization project. According to her, this include the implementation of a service-wide Enterprise Content Management Solution (ECMS) which is aimed at digitizing records and automating workflow to achieve overall improvement in information sharing and collaboration across the Ministries, Departments and Agencies of government.
In addition, she disclosed that her Office is currently finalizing the development of Standard Operating Procedures (SOPs) for all processes ahead of the service-wide roll out for the Enterprise Content Management Solution (ECMs).
In his remarks, Lagos State Head of Service, Mr. Hakeem Muri-Okunola noted that meeting would avail the council the opportunity of midwifing the required improvement in the Civil Service delivery.
He stated that “It is clearly evident that yesterday’s skills have proved inadequate in addressing today’s issues. There is therefore no gainsaying that today’s knowledge and skills may not be sufficient in confronting tomorrow’s challenges”.
He also noted that the world is more dynamic than ever before, the pace of change is unbelievably fast and it is manifestly clear that the work would be significantly determined by emerging technologies”.
He stated the meeting presented a unique opportunity to interrogate and review the structure, processes and procedure in a way ‘that will enable the council engineer a more responsive Public Service Structure in which all Public Officers would be imbued with the core values of discipline, ethics and the highest standards of professionalism by default.

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Brands and Company

How Jumia stock is rebounding and gaining momentum 

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Commerce

The last four weeks has been that of uplift in fortune for holders of Jumia stock, and the development is rightfully drawing attention of stock-inclined minds:

Fruitful yuletide: The stock sold as high as $47 a day to Christmas and has hovered between $34 and $39 since December 11th 2020. On January 12th 2021, Jumia stock sold at $40 on the floor of New York Stock Exchange.

Unexpected positive turn in fortune: Jumia recorded a 12% drop in revenue in the first three quarters of 2020, but has made a 600% increase in stock price since then.  The best part is that the stock has sustained its good momentum for over a month.

Regret for doubters: Some investors who didn’t buy Jumia stock when it sold for just over $2 in March 2020 are beating up themselves for not taking advantage. Currently trading for just over $40, some holders see an opportunity to sell. But the next few months can also bring huge fortune for those who dare to hold.

 

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Bright prospect: Analysts ascribed the improvement to investors’ belief in Jumia’s potential and are willing to overlook lagging business results for the time being. For instance, a $5,000 investment in Amazon in 1997 will translate to more than $4 million today. The current good performance of Jumia stock is an indication that the brand holds the potential of being a replica of the Amazon story in Africa.

Opportunity for Africans: Jumia prides itself as Amazon of Africa. It could end up being a smart move for Africans who buy into the dream by owning part of a brand that identifies with them.

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Brands and Company

Covid-19 Second Wave: Online Shopping Still Among Measures To Limit Spread – Jumia CEO

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Covid-19

Jumia Nigeria CEO, Massiliano Spalazzi 

As authorities put measures in place to prevent rapid spread of covid-19 in the light of the second wave of the pandemic emanating from mutation variants of the dreaded virus, Jumia Nigeria CEO, Massiliano Spalazzi has highlighted the services of ecommerce platforms as one of the measures to help mitigate the spread among Nigerians.

While speaking on the crucial role and contributions of ecommerce in the present day socio-economic reality in Nigeria, Spalazzi said online shopping will help promote the adoption of social distancing measures and eliminate the contact risk associated with brick and mortar stores, as people can purchase different products of their choice and get them delivered from the safety of their home.

“Online shopping remains one of the ways individuals can take precautions to limit the spread of Covid-19. People are being urged to avoid large gatherings, and limit human contact as much as possible. Ecommerce platforms possess all these features that will help customers keep to the safety culture. From the comfort of their safety, customers can shop on the Jumia platforms, make payment through online payment solutions like JumiaPay and get them delivered via Jumia Express, or our contactless agents,” he said.

READ  Sanwo-Olu: Showing leadership during COVID-19 pandemic By Gboyega Akosile

He pointed out the crucial role played by ecommerce platforms during the 2020 Covid-19 lockdown. “What we have seen last year has been how relevant and important e-commerce was in serving the population during these tough times. We’ve seen many different situations happen from the Covid-19, which obliged people to be locked down and having to purchase their goods in a safe way.”

During the first wave of the pandemic, ecommerce platforms served as a veritable channel for brands and businesses to connect with their customers. Global brands such as Coca-Cola, Procter & Gamble, Reckitt Benkiser, Nestle, Unilever and other essential goods manufacturers partnered with Jumia for sales of their products.

Likewise, online retail platforms were key for the survival of food and grocery enterprises when sit-in services were prohibited with customers restricted by social distancing rule. It was a period where more customers boarded the ecommerce food service train and several local restaurants partnered with Jumia to keep their food, beverage and grocery service going during the lockdown.

READ  FLOTRADE Investment soars higher in Forex training and trading

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Brands and Company

Dangote Cement Successfully Purchased Shares Worth N9.77 Billion

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  1. Dangote Cement Successfully Purchased Shares Worth N9.77 Billion
Dangote Cement has announced the completion of the first tranche of its share buy-back programme.
Dangote Cement Plc has announced the completion of the first tranche
Cement, industry
of its share buy-back programme, as the cement behemoth bought back shares of the company worth N9.77 billion.
This announcement was made by the management of the company, in a recent statement issued and signed by the Deputy Company Secretary, Mr Edward Imoedemhe, today, 11 January 2021.
During the first tranche of the share buyback programme which commenced on Wednesday, 30 December 2020 and ended on Thursday, 31 December 2020, the company on the open market of the Nigerian Stock Exchange purchased 40,200,000 ordinary shares of the company at an average price of N243.02, representing 0.24% of the Company’s issued and fully paid ordinary shares.
What you should know
Following the conclusion of Tranche I, the total number of residual issued and fully paid outstanding shares of DCP amounts to 17,000,307,404.
However, the completion of the share buyback programme of the company does not portend any material impact on the Company’s financial position, and the operation of the company as a going concern.

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