Spread Love not Noise at Valentine – LASG urges Residents

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The Lagos State Government has appealed to residents of the State, particularly the leisure and entertainment business operators to comply with environmental laws guiding their businesses during the forthcoming Valentine’s day celebration, urging them to “spread love and not noise.”

This appeal was contained in a statement jointly released by the General Manager, Lagos State Environmental Protection Agency (LASEPA), Dr. Dolapo Fasawe and the Director-General, Lagos State Safety Commission (LSSC), Mr. Lanre Mojola at Ikeja.

The statement enjoined the public, particularly the owners of event centres as well as leisure, hospitality and entertainment facilities who plan to organise or host events, to consider the environment and safety of the people by obtaining necessary permits in order to operate in a friendly and safe environment.

Recalling that Valentine’s day is celebrated all over the world as a day specifically set aside for expressing love, the statement warned against activities that could be harmful or sow seeds of hate rather than love.

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The GM, LASEPA affirmed that “The message of St. Valentine is to spread love and friendship with the motive of promoting harmony, unity and peaceful relationship through love, perseverance, tolerance and selfless actions. If our deeds contradict the reason for the celebration and impose unnecessary hardship on our supposed friends and allies, then we have failed to observe the tenets of St. Valentine”.

Noting that “We cannot separate noise from celebrations but we can do the needful by operating within approved decibels, thereby reducing the negative effects of noise pollution on everyone”, Fasawe warned leisure business owners not to cut corners but to obtain permits and operate within the prescribed noise standards as failure to comply will attract serious consequences.

She maintained that previous annual celebrations of Valentine’s day had been characterised by jamborees, concerts and parties which, if not regulated, could cause serious havoc on the environment and innocent citizens of the State.

Read Also:  Konga Travel Shares True Meaning Of Valentine, How To Celebrate It

Fasawe asserted that “permits are no licence to make noise and there is always a provision for revocation, where the noise exceeds the permissible standards”.

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On his own part, the DG, LSSC expressed displeasure at the nonchalant attitude of entertainment business operators to the safety of their clients, especially during celebrations and fiestas.

“Since safety doesn’t go on holiday and accidents occur unannounced, there’s a need to ensure the safety of our clients and customers while within our premises and this can only be achieved if we put adequate safety measures in place to ensure total compliance with all safety regulations”, Mojola explained.

According to him, most event centres have less capacity for the multitude of guests invited, with little or no arrangement for safety measures, especially with no provision for escape routes in case of emergency incidents.

The DG reaffirmed that obtaining safety permits reduce risk of unforeseen accidents or fatalities, maintaining that officials of the Commission are well trained to plan alongside with entertainment business owners to ensure hitch-free events.

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Latest News

Singapore Employees Lack Retirement Support From Companies While Financial Wellbeing Becomes a Top Priority: Aon Survey

SINGAPORE - Media OutReach - 14 April 2021 - Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, has released the findings of the 2021 Trends in Retirement & Financial Wellbeing survey for Singapore.

Working adults in Singapore ranked retirement planning as their top priority but an alarming 80% underestimate how much they really need to retire. While retirement support from employers is also lacking, further challenges remain around transparency in group retirement plans' investment offerings and employees foregoing long-term perspectives to seek short-term gains.

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Ashley Palmer, Regional Managing Partner, Retirement & Investments, Asia for Aon, said, ""Employers can have a significant impact on how much their employees save by instilling smart habits and healthy money behaviours. The right long-term savings vehicles, effective communications and financial tools will help Singapore's workforce be more financially resilient in the wake of the COVID-19 pandemic."

The survey identifies three main themes in financial wellbeing and retirement support for Singapore employees.

Financial wellbeing support is the new employee expectation. As a result, close to 40% of employers rank an employee financial wellbeing strategy as their highest priority, followed by emotional and mental wellbeing support. The survey shows that 70% of Singapore employers will formulate or execute financial wellbeing programmes throughout 2021, in line with employee expectations. Companies also view offering a financial wellbeing programme critical in increasing employee engagement and remaining competitive in the talent market.

There is an increasing trend of employer-led supplementary savings plans. Currently, 22% of companies surveyed offer Central Provident Fund (CPF) top-up contributions to citizens and Permanent Residents. But, close to 40% of the working population in Singapore are foreigners who do not have access to CPF and are likely to have foregone their retirement benefits in their home countries. To bridge this gap, and to provide equitable retirement benefits to all employee groups, close to 50% of the organisations surveyed offer supplementary retirement benefits to their foreign staff. Financial services firms are leading in this practice, followed by the technology and the healthcare sectors.

Promisingly, a third of organisations in Singapore are prioritising a thorough review of their supplementary retirement arrangements in 2021.

Alicia Brittain, Senior Consultant & Actuary, Retirement & Investments, Singapore for Aon, said, "Forward-looking companies first need to understand the financial worries of their employees and identify the gaps in their benefits offering. The most effective approaches are aimed at changing individual behaviours towards money and savings and providing accessible programmes and vehicles to deliver sustainable change. For example, when organisations provide retirement benefits as cash-in-lieu, it is most likely immediately spent and so does not form part of an emergency fund or long-term savings for the employees' retirement years. Supplementary retirement plans solve this issue and are more flexible and cost effective - and can also offer contributions above the monthly CPF wage cap to increase employee savings."

Employees in Singapore lack a well-defined default investment strategy. Less than 30% of the surveyed companies in Singapore currently offer their employees an investment choice in their retirement plans, and only 15% of retirement plans have a default investment fund. This leads to employees selecting their own optimal investment funds. They may lack experience in understanding investments, which can lead to misallocating their money and result in inadequate retirement savings or excessive risk taking.

Brittain added, "The key to protecting employees and adding value to savings in any defined contribution retirement plan is a well-defined default investment strategy. This includes frequent performance monitoring, actively managing investment risks and dynamically reducing investment risk as employees move towards retirement."

Notes to Editors

The Aon 2021 Trends in Retirement & Financial Wellbeing for Singapore survey was designed to help organisations understand the unique retirement and financial needs of their Singapore workforce. This tri-annual survey was completed by organisations with employee populations ranging from five to over 4,000 and are based in Singapore. Responding Rewards and Benefits Leaders, HR and Finance Professionals provided feedback and insight on their organisations' financial wellbeing and retirement programmes, interests and concerns. Click here for the full report.

About Aon

Aon plc (NYSE: AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.

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Spread Love not Noise at Valentine - LASG urges Residents - Brand Spur
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