Air Peace Sacked Pilots Amid Plunge in Revenue
Air Peace, Nigeria’s largest local carrier, has joined numbers of numerous airlines laying off pilots and staff amid dwindling revenue and operating routes due to the negative impacts of COVID-19 on the airline financial status.
In a statement released on Monday, August 3, 2020, Air Peace said it took a painful but right decision given the present circumstance the airline has found itself.
“This decision was taken for the greater good of the company and its almost 3000 workforce, the affected pilots inclusive,” the airline stated.
“The airline cannot afford to toe the path of being unable to continue to fulfill its financial obligations to its staff, external vendors, aviation agencies, maintenance organisations, insurance companies, banks and other creditors hence the decision to restructure its entire operations with a view to surviving the times.”
The statement also disclosed that salaries being paid to all staff were reviewed, the new salaries reflect a zero per cent to forty per cent cut of the former salary depending on the salary grades of every staff.
“Even after the cuts, it was obvious that for us to be able to sustain our operations and survive the times, some jobs must inevitably have to go.”
Allen Onyema, the Chief Executive Officer, Air Peace, had called on the Federal Government in July to support airlines in the aviation sector and prevent massive job loss in the sector.
That was after the Internation Air Transport Association (IATA) said Nigerian airlines lost about $2.09 billion in revenue in the month of April and June due to COVID-19 pandemic, saying the government needs to support airline companies.
Nigerian Breweries Picks Hans Essaadi to Replace Borrut Bel as MD/CEO
Nigerian Breweries, the largest brewing company in Nigeria, has appointed Mr. Hans Essaadi as the Managing Director and Chief Executive Officer (CEO) effective 31st, July 2021.
Mr. Essaadi will replace Mr. Jordi Borrut Bel, the current Managing Director and Chief Executive Officer of Nigerian Breweries who will be completing his tenure on the 30th of July, 2021.
Mr. Borrut Bel is expected to take up another assignment within the Heineken Group, hence why the Board accepted his letter of resignation.
Mr. Hans Essaadi Profile
Mr. Essaadi, is currently the Managing Director of Al Haram Beverages, the HEINEKEN Operating Company (“OpCo”) in Egypt and joined the HEINEKEN Group as a Sales Representative in 1991.
He subsequently took up increasingly senior roles within the Group in Sales, Export and Marketing. He commenced his international career with HEINEKEN Puerto Rico as the Country Manager, and thereafter became the General Manager, Brau Union International, the HEINEKEN OpCo in Austria.
Before his current role in Egypt, he was General Manager, Siroco (the HEINEKEN Joint Venture with the Emirates in Dubai) and Managing Director, HEINEKEN Malaysia Berhad, a listed company in Malaysia.
The Board is pleased to have a person of Mr. Essaadi’s experience and knowledge to take up the position of Managing Director/CEO of the Company and to continue the turnaround work started by Mr. Borrut Bel.
Osinbajo, Others Launch Smart Card Factory in Lagos, First in Sub-Saharan Africa
It’s the first in sub-Saharan Africa and one of the three such cutting-edge facilities on the continent, with top prime global certifications for smart card manufacturing and it is based in Lagos, Vice President Yemi Osinbajo relished yesterday afternoon while touring SecureID company’s premises, and affirmed Nigeria’s extremely bright economic future, which he said cannot be aborted despite current challenges.
According to him, “the economic future of our nation is extremely bright. Yes, we have challenges today and they may look daunting. But let me assure you that these issues will be resolved. The march of this nation to its manifest destiny as Africa’s leading economic power will not be aborted. We are more than able to overcome.”
An impressed Osinbajo said the Buhari administration in “following the recommendation of the Presidential Economic Advisory Council, has determined that manufacturing will be our main focus in bringing about dynamic growth, jobs and exports. This will mean retooling our business environment for greater competitiveness, especially with the take-off of the African Continental Free Trade Area agreement.
“We are rethinking our tax regimes, sorting out external and internal trade issues, getting our regulatory authorities; SON, NAFDAC, and even Customs, to see their roles more as business facilitators rather than policemen or revenue generators. Our environment must be friendly for local businesses first, foreign investments will follow enthusiastically.”
Commenting on the efforts of the administration to position the country as a leading economic beacon on the continent, the VP also stated that the Buhari administration was ramping up efforts in improving the country’s infrastructure and digital space.
He said, “aside from the work we are doing with other infrastructure such as rail, roads and power we are committed to a plan of democratizing broadband connectivity. Our program, which we have reiterated in our Economic Sustainability Plan, is broadband connectivity for all by 2023.
“The Federal Ministry of Communications and Digital Economy launched the National Broadband Plan which is designed to deliver data download speeds across Nigeria of a minimum 25mbps in urban areas and 10mbps in rural areas, with effective coverage available to at least 90% of the population at affordable prices by the target date. Broadband connectivity is as important as electricity in the digital age, unlike electricity we do not have to make several mistakes before getting it right.”
While commending the efforts of the founder and Managing Director of SecureID, Kofo Akinkugbe, VP. Osinbajo described the SecureID facility as a place of history, innovation and creativity.
He said, “This world-class manufacturing facility is reputed to be the first certified smartcard manufacturing plant in sub-Saharan Africa, the only smart card production and personalization plant in West Africa and one of only six on the continent and one of only 80 in the world.
“The facility serves 21 countries across Africa and is fully certified by major commercial card companies – VISA, Verve and MasterCard. SecureID has shown that this country can be at the cutting edge of development in technology and digital enterprises. The world in which companies like SecureID operate, providing comprehensive end-to-end payment, identity management and digital security solutions is one that thrives on innovation.”
Continuing, the VP said, “the company has in these few years of her existence provided notable innovative offerings to the financial services sector, telecommunications, government, education, healthcare and private enterprises. Equally remarkable is the fact that with this facility, the company can produce all the payment cards, SIM cards, loyalty cards and the various identity management cards (residency cards, voter registration cards, drivers’ license and national identity cards) required here in Nigeria, with the capacity to spare.
“Congratulations also for your successes in getting the certifications that will help to meet the demands of customers, such as Global System of Mobile Applications (GSMA), Visa International, MasterCard Incorporated, Verve, Card Quality Management (CQM), and ISO 9001/2015 for Smart Card Manufacturing and Personalization of credit and debit cards.
“In particular, we must also congratulate SecureID for earning the GSMA certificate last year; this is a world-class security requirement for SIM card manufacturing and personalization. Your rapid expansion is also worthy of commendation, especially as you have added a number of subsidiaries, one of which is the digital arm of the business: SID Digital, while the other is involved in transport payment infrastructure. This has put the company in good stead to provide services ranging from identity management to tax collection, school management systems, health management systems, digital cards for the banks and, of course, e-ticketing for all forms of transportation, including road, rail and water.”
Speaking earlier at the event, the founder of SecureID, Kofo Akinkugbe, highlighted the significance of the Vice President’s visit, noting that the VP has come to see some of the much-touted potential being realized. She added that SecureID was a good entrepreneurial story of an abiding faith in God and the nation, proving the viability of investing and staying in the course.
Akinkugbe commended the federal government for establishing institutions and agencies to support and encourage start-ups, MSMEs and other enterprises that had offered assistance to the company.
The representative of the Governor of Lagos State, the Anglican Bishop of Lagos State, Humphrey Olumakaiye, alongside other top government functionaries, also attended the event.
Accompanying the Vice President was the Minister of State, Ministry of Foreign Affairs, Zubairu Dada; Deputy Chief of Staff to the President, Office of the Vice President, Ade Ipaye; and the Economic Adviser to the President, in the Office of the Vice President, Adeyemi Dipeolu.
Senior Special Assistant to the President, Media and Publicity
Office of the Vice President
Bayelsa, Akwa Ibom Partners Ibom Air
The Bayelsa State Government has opened partnership discussions with its Akwa Ibom counterpart on the use of the new domestic carrier, Ibom Air to start commercial flight operations at the Bayelsa International Airport.
Speaking as the leader of a high-powered delegation from Bayelsa at a meeting in Uyo, the Akwa Ibom State capital, the Deputy Governor, Senator Lawrence Ewhrudjakpo, noted that the choice of Ibom Air was informed by proximity and good bilateral relations between the two states.
Ewhrudjakpo, in a statement by his Senior Special Assistant on Media, Mr. Doubara Atasi, explained that Akwa Ibom has proved itself as a dependable neighbour to Bayelsa in so many ways over the years, which must be reciprocated “in the spirit of give and take”.
He expressed optimism that the partnership deal would soon be sealed for the airline to commence flights to and from Bayelsa, Lagos and Abuja, describing the two routes as the highest in traffic for the people of the state.
The Deputy Governor assured Bayelsans and members of the public of the present administration’s commitment to ensure smooth operations at the state airport, which is adjudged to be one of the best in the country by the Nigerian Civil Aviation Authority (NCAA).
According to him, the state government was applying the business principle of, “starting small to grow big,” by going for a 50-Seater aircraft in its present deal with Ibom Air to promote socioeconomic activities in the state.
Ewhrudjakpo, who likened efforts for acquiring the operational licence to Nelson Mandela’s “Long walk to Freedom”, however, added that government, had plans to do business with other airlines in the near future.
“Basically, we are here to discuss how we can have mutually beneficial partnership with your airline, IbomAir. And our target is on any of your aircraft that has the capacity of about 50 seaters because we don’t want to start too big,” he said.
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