News
FG Raises Concern Over Ozone Layer Depletion
The Minister of State for Environment, Dr Ishaq Salako, on Saturday in Abuja raised concerns over the level of ozone layer depletion in the country.
Salako said this at the 2023 World Ozone Day Celebration which is marked on Sept. 1 annually.
The News Agency of Nigeria (NAN) reports that the theme is “Montreal Protocol: fixing the Ozone layer and reducing Climate Change”.
The minister, who was represented by Mr Charles Ikeah, Director of Pollution Control and Environmental Health Department in the Ministry, said the Federal Government was committed to phasing out ozone layer depleting substances.
He noted that the ministry had been in collaboration with stakeholders in mitigating ozone depleting substances.
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Salako gave assurance that the ministry would soon train technicians on how to handle ozone reduction equipment in an attempt to totally phase out ozone layer depletion equipment.
He pledged the ministry commitment to the Montreal Protocol to ensure a sustainable environment in the country.
The Permanent Secretary of the ministry, Alhaji Ibrahim Yusufu, said that scientific studies over the years had shown that human activities of the use of some depleting chemicals had led to the depleting of the ozone layer.
Yusufu, who was represented by Mr Olubunmi Olusanya, a director in the ministry, further noted that public awareness on the need to safeguard the ozone layer for our overall health is pertinent.
“All importers of ozone depleting chemicals should desist from the importation of such, all technicians and engineers should avoid the use of ozone depleting substances in their operations and sought alternatives,” he appealed.
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The permanent secretary urged members of the public to patronise all ozone friendly substances and support the government’s fight against ozone layer depletion.
The National Ozone Officer in the ministry, Mr Idris Abdullahi, said that the ozone layer was an important layer that must not be depleted because of the dangers associated to the depletion.
Mr Ahmed Ibrahim, Coordinator, Nigeria Association of Refrigerators and Air -conditioning Practitioners, said the association had been collaborating with stakeholders to reduce ozone layer depletion.
“We are sensitising manufacturers of refrigerants to manufacture ozone friendly refrigerants.
“We will like to appeal for Refrigeration and Air-conditioner village, where all our members can have a good practice of their craft in Refrigeration and Air-conditioning,” he said.
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Mr Oluyomi Banjo, a representative of the United Industrial Development Organisation (UNIDO), said that the ozone layer was a protective blanket in the stratosphere that protects us from harmful radiations, particularly the ultraviolet (UV) rays.
“However, man’s quest for industrialisation has seen the development and production of chemicals that depletes the ozone layer.
“It is expected to restore the stratospheric ozone layer by 2065, avoiding 443 million cases of skin cancer, approximately 2.3 million skin cancer deaths.
“I reaffirm UNIDO’s commitment towards supporting the Nigerian government to promote Inclusive and Sustainable Industrialisation Development without compromising the environment,” he assured.
News
Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses
The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.
DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.
A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.
READ ALSO:Xenophobic Attacks: Oshiomhole Tells FG To Retaliate Against South African Companies In Nigeria
“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.
“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.
“This contradiction will no longer be tolerated,” the statement said.
News
N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs
First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.
The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.
At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.
Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.
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Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.
“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.
“Women-led enterprises are critical to economic activity, yet they face structural barriers.
This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”
“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).
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“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”
Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.
Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.
Applications for the zero-interest loan are now open.Apply now.
News
Xenophobic Attacks: Oshiomhole Tells FG To Retaliate Against South African Companies In Nigeria
Senator Adams Oshiomhole has called on the Federal Government to retaliate against South African businesses operating in Nigeria following the recent attacks on Nigerians in South Africa.
Speaking during plenary on Tuesday, Oshiomhole said the Federal Government should consider revoking the working license of South African owned companies such as MTN and DSTV.
He argued that Nigeria must respond firmly to what he described as persistent hostility against its citizens.
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“I am not going to shed tears. If you hit me, I hit you. I think it is appropriate in diplomacy. It is an economic struggle,” Oshiomhole said.
He argued that while some South Africans accuse Nigerians of taking their jobs, Nigerians should return home and take over employment opportunities created by major South African companies operating in the country, including MTN and DSTV.
“When we hit back, the President of South Africa will not only talk but will also go on his knees to recognise that Nigeria cannot be intimidated.
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“We will not condone any life being lost. If a crime has been committed under the South African law they have the right to bring any such person to justice, but to kill our people as if we are helpless, we will not allow that,” Oshiomhole added.
DAILY POST reports that several Nigerians in South Africa have reportedly been attacked, and their businesses destroyed, in ongoing xenophobic attacks in the country.
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