Q1-2021 was broadly defined by an upward reversal in the yield environment. The equity market, despite starting on a positive note, became hesitant at the end of the quarter as sell pressures began to filter into the bourse in February.
Notably, a reversal in fixed income yields at primary auctions triggered an upward repricing of yields in the secondary market. Consequently, investors began to reduce their equity exposures as they began to book their profits to stay at the short end of the yield curve as cash became king.
An upward repricing of yields has driven some equity selloffs
5-year trend of the NSEASI vs 10-year FGN Bond yield
Sources: FMDQ, Bloomberg, United Capital Research
This reflected in the performance of the NSEASI which dipped 3.0% in Q1-2021, closing at 39,045.13 pts.
Conversely, Bond yields advanced across all tenors, averaging 9.8% (as of Mar-2021) from 6.1% at the start of the year. Similarly, the average yield in the NTB space surged to 4.1% from 0.5% within the same period.
Clearly, a rotation from risker assets back to less risky assets is in full swing in the light of the increasing attractiveness of risk-free assets.
The peak of the reversal appears to be distant, but this depends on the outcome of the May MPC meeting as well as macroeconomic data supporting the economic recovery.
The decision of the MPC to maintain the status quo despite the fragile nature of the economy already indicates an unwillingness to go full-time pro-growth in the face of elevated inflationary pressures and FX instability.
Give or take, a more hawkish monetary policy tone from the MPC in May-2021 is expected to amplify yield reversal. This may further dampen sentiment for stocks and reinvigorate appetite for Bills.
Activities on the Nigerian Bourse Market today (Wednesday) closed on a positive note to halt the four consecutive days of bearish run, as market performance indices (NSE-ASI and Market Cap) grew marginally by 0.02%.
The performance was driven by investors renewed posItive sentiments in blue-chip stocks like NESTLE, MTNN, STANBIC, FLOUR MILLS and 9 others. However, the market breadth closed negatively, recording 26 losers against 13 gainers.
In summary, the All-Share Index (ASI) grew by 7.12 absolute points, representing an increase of 0.02%to close at 38,774.03 points. While the overall Market Capitalization value gained N3.87billion, representing a growth of 0.02%to close at N20.29 trillion.
STERLING BANK emerged as the top loser (by percentage points) for today, with a price depreciation of -9.47%, while JAIZBANKemerged as the top gainer (by percentage points) with a maximum price appreciation of +10.00%.
Today’s market gain was driven by price appreciation in large and medium capitalized stocks amongst which are; INITSPLC (+9.52%),ROYALEX (+8.33%), JAPAULGOLD (+8.16%), CHIPLC (+6.90%), FLOURMILLS (+6.90%), LINKASSURE (6.33%), NESTLE (+3.27%), STANBIC (+3.14%), AFRIPRUD (+2.86%), WEMABANK (+1.69%), and MTNN (+1.12).
The Naira at the official rate remains unchanged to close at N379.00/$1 as against last Thursday’s position.
The Investors and Exporters (I&E) FX window opened at N409.74 traded high at N419.30 and eventually closed at N411, representing 0.12% depreciation against Tuesday’s position. Also, a total of $40.80 million was transacted through the I&E window today.
MONEY MARKET
Overnight(O/N) rate closed at 13.50%, representing a 0.25% depreciation against last Thursday’s position, while Open Buy-Back (OBB) rate closed at 12.67%, representing a 0.83% depreciation as against yesterday’s position.
English clubs, Manchester United and Arsenal return to European action are among four unmissable quarter-final first-leg clashes exclusively live on StarTimes.
Since 1972, all permanent Manchester United managers have won at least one trophy in their stint with the Red Devils.
Ole Gunnar Solskjær is fast running out of options if he wants to ensure a continuation of this run in his third season in charge of the club.
Having taken over from Jose Mourinho (who won the Europa League, the League Cup and the Community Shield in his two and a half years in charge) in December 2018, the Norwegian’s best chance – and probably the only chance – for success this season is the Europa League.
On Thursday United are away to Spanish club Granada in the first leg of the quarter-final of the prestigious competition.
Granada, who entered the tournament in the 3rd qualifying round and have already played 13 Europa League matches, are enjoying their first-ever foray into European football.
If Solskjær is under pressure to do well, there is even more pressure on Arsenal manager Mikel Arteta. The Gunners slumped to a 3-0 home defeat against Liverpool on the weekend and are 10th in the league and seem unlikely to qualify for Europe next season. Unless, of course, they win the Europa League.
Arsenal enjoy home advantage in the Emirates Stadium against Slavia Prague on Thursday and will be looking to ensure they travel to the Czech Republic with a lead a week later.
One of the reasons why Arsenal’s season has never quite reached the heights their fans expect is that star striker Pierre-Emerick Aubameyang has not been as lethal upfront as he used to be.
Having scored over 30 goals in all competitions last season, the Gabonese international currently stands on just 14.
Football fans will be able to watch all the best action from the exciting competition live and exclusively on StarTimes Basic Bouquet for N1700 monthly or Smart Bouquet for N2200 monthly.
To better understand the steps needed to help realize a lower-carbon future, it’s helpful, to begin with, some important context: the world’s growing need for energy.
Underpinning future energy demand is economic growth driven by an increasing population and growing prosperity. The continuing demand for our products is concentrated in three growing sectors: power generation, industrial, and commercial transportation.
Today, there is a lack of lower-emission alternatives to adequately meet the many needs in these sectors, which together account for 80 per cent of global energy-related CO2 emissions. We have spent decades researching new technologies to address this challenge, and recently created a new business, ExxonMobil Low Carbon Solutions, to commercialize key technologies from our extensive research and development portfolio.
For example, ExxonMobil Low Carbon Solutions is advancing plans for more than 20 new carbon capture and storage (CCS) opportunities around the world to enable large-scale emission reductions, building upon a Carbon Capture Venture we began in 2018.
We’re the global leader in carbon capture and have captured more than 40 percent of all the world’s captured anthropogenic CO2. ExxonMobil was the first company in the world to capture more than 120 million tonnes of CO2, equivalent to the annual emissions of more than 25 million cars.
We’ll also leverage ExxonMobil’s significant experience in the production of hydrogen which, when coupled with CCS, is likely to play a critical role in a lower-carbon energy system. Other low-carbon technology focus areas in our portfolio will be added as they mature to commercialization. We’re planning to invest $3 billion on lower-emission energy solutions through 2025 on top of $10 billion we’ve spent over the past two decades.
In other emission-reduction efforts, we are working to find new and better ways to monitor and reduce methane emissions, including via a collaboration with universities, environmental groups, and other industry partners. In 2019, we reduced our methane emissions nearly 18 percent across our U.S. unconventional operations, compared to 2016, when the Paris Agreement was signed.
Overall, our operating greenhouse gas emissions went down by 6 percent from 2016 to 2019, and we’ve laid out plans for further reductions by 2025.
While we will continue to advance these plans, there is also a clear role for the government – which brings us back to policy.
Durable, predictable, and cost-effective policies will be required to develop and deploy multiple needed low-carbon technologies at scale. Carbon pricing would send a clear signal through the market, creating incentives to reduce emissions. Such a signal will also incentivize and coordinate the research, investment, and technology development that is needed to bring about key solutions.
Putting a price on carbon will allow policymakers to eliminate the inefficient patchwork of regulations that is broadly recognized to be more expensive. Through the current approach, policymakers are putting a very high, but hidden, price on carbon that people can’t see and are unaware they are paying. An explicit price on carbon would be transparent, incentivize behaviour to reduce emissions, allow the market to function efficiently, and stimulate the cross-sector opportunities needed to uncover the largest emission reduction opportunities at the lowest cost.
API now joins major trade groups representing diverse industries in publicly backing carbon pricing. Collectively, they echo a report released last August in which the International Energy Agency noted, “Carbon pricing, in particular, is a useful tool to guide investment decisions, especially those that will have long-term impacts on future emissions.”
The Climate Leadership Council (CLC), of which ExxonMobil is a founding member, is similarly calling for the adoption of a carbon fee. As noted by the CLC, the Council’s bipartisan plan could cut U.S. CO₂ emissions in half by 2035, as compared to 2005 levels.
As the world increasingly focuses on addressing the biggest emissions challenges, a price on carbon is an important policy component that can aid in solving these challenges. We look forward to continuing our work with stakeholders to help move an effective policy solution forward.
Know What Your Buyers Look For – And How – To Reach Them Faster
As a sales leader, you might be focused on getting high-quality contact data for your prospects. Of course, being able to reach the right prospect quickly is critical to your ability to convert.
But another piece of the puzzle you might not be considering is keyword data and what that can communicate about your prospects.
Anyone who works in SEO can tell you that gaining insights into the words and phrases people use to search for information is a cornerstone of digital marketing. With good keyword data – coupled with thoughtful analysis – you can understand a lot about what people are looking for and why.
Understanding what topics people search for and their frame of mind when searching – whether they’re searching for information or are researching a potential transaction – is the cornerstone of optimizing content for organic search. It’s also what drives paid search strategies, so marketers can wisely spend their ad dollars.
Understanding keywords also can be highly useful to sales leaders, though. Quality keyword data and analysis can speed prospecting by providing insights into buyer intent and when they’re in-market for what you want to sell.
When you know which buyers are in-market, you can:
More efficiently and effectively target prospecting
Prioritize your outreach
Avoid wasting time on unlikely prospects
Get to in-market buyers before your competition
Keywords as Buyer Intent Signals
Simply put, a keyword is a word or phrase someone uses to search for information. Certain types of words and phrases signal that someone is searching for a service or product. Additional words and phrases are indicators that the person searching is in a transactional state of mind rather than just seeking general information.
In other words, keywords can tell you when someone has started their buying journey.
For example, someone searching for “What is a widget?” is likely just trying to get educated about a topic. But when someone searches for a phrase like “widget company” then they’re more likely looking to purchase.
That’s a simplistic example of what is actually highly complex analysis, though, especially in the era of artificial intelligence and machine learning. With the power of AI, machine learning, and predictive analytics, you can automate the evaluation of countless keywords in what feels like the blink of an eye to gain faster insights into what buyers are thinking and doing.
You can gain insights into not only when and how buyers search for your product or service, but related terms or topics that add to the relevance of your analysis. Let’s say that you’re selling a credit card with airline miles as a reward. If your buyer has been searching for “vacation packages” or travel blogs in addition to searching for a credit card, then they might be just the buyer who needs what you offer – and are ready to sign up so they can book that vacation.
Again, that’s a simple example. With AI, you can unmask and evaluate potentially billions of digital signals to ID that buyer. Then you your sales team can reach out to that buyer – and other buyers showing relevant intent – to accelerate their buying journey and close the deal.
Use Your Buyers’ Language
To make the most of keywords as a buyer intent signal, you have to be plugged into how your buyers think about topics and the language they use to search for them. That means stepping back and taking an outside-in view of your prospects.
Some things to think about:
Avoid using your own jargon and instead, use natural language phrases and questions.
How would your prospects describe a product or solution they’re looking for? Hint. It’s probably not by the product name, especially if they’re just starting their journey.
Again, AI and machine learning can accelerate the identification and targeting of your prospect’s keywords. With the right algorithm, you can evaluate the meaning of keywords in context as words that are part of a page and glean better insights about intent.
D&B Buyer Intent uses unique, patented natural language processing and machine learning to read words on a page and link them to what buyers need and want. That includes understanding variations on a keyword or phrase.
For example, if the term “AWS” appears in an article or blog post online about cloud storage, we know it means “Amazon Web Services” because we’re seeing that keyword in context. We can also accurately screen out articles where AWS is mentioned but it actually refers to something else, like the Animal Welfare Society. When false positive matches on intent are screened out, you get leads that are more precise and accurate.
Your Turn to Reach Buyers When It Matters
Armed with this information, a sales leader could then generate a custom report to understand who their in-market buyers are – and get to them before the competition.
Global food and agri-business Olam International Limited today published its 2020 Annual Report, which outlines the Company’s financial and non-financial performance for the year. This includes how Olam:
Successfully navigated the pandemic to emerge stronger, delivering robust operational financial performance in 2020
Strong execution of the Group’s Strategic Plan to drive sustainable growth
Made significant progress on its Re-organisation Plan to unlock and maximise long-term sustainable value via carve-out, IPO and concurrent demerger of Olam Food Ingredients (OFI) and pursue similar strategic options for Olam Global Agri (OGA)
Continued to live out its Purpose of ‘Re-imagining Global Agriculture and Food Systems’
Sunny Verghese, Co-Founder and Group CEO of Olam, said:
“2020 was one of our strongest years on record as we delivered operating earnings growth of 36.0% to S$677.8 million even as we contended with the COVID-19 pandemic. We also made significant progress on our transformational Re-organisation Plan to unlock and illuminate the current value of our business and develop new strategic pathways that drive sustainable growth for the Group.
“As a new standalone operating group, OGA is uniquely positioned to meet the growing demand for food staples and feed across high-growth emerging markets. In the past year, our Rice brand distribution business broke records, our integrated flour and pasta manufacturing business became Nigeria’s leading pasta provider, and we are meeting the need for more traceable, sustainable agricultural commodities through platforms and initiatives like AtSource and the Sustainable Rice Platform.”
A. Shekhar, Chief Executive Officer of OFI, said:
“OFI’s first year as a separate operating group was a truly exciting one as we overcame the challenges posed by the pandemic in H1 and delivered a resilient all-round performance in H2. We also continued to invest in attractive growth segments like our acquisition of a leading US-based chilli pepper business, as well as greenfield investments for manufacturing soluble coffee in Brazil and Dairy ingredients in New Zealand.
“OFI’s ‘on-trend value-added portfolio allows us to offer our customers more choices, including sustainably sourced and traceable Food & beverage ingredients, as well as innovative end-use application solutions.
We are also reaching new customers by expanding our capabilities in targeted end-use categories like Bakery, Confectionery, Beverages, Snacks and Culinary. We remain excited and optimistic about the future growth prospects for OFI as we progress towards the proposed carve-out and concurrent demerger and listing by H1 2022.”
Re-imagining Global Agriculture and Food Systems to create value across Capitals
Our Purpose of ‘Re-imagining Global Agriculture and Food Systems’ continues to be a key contributor to our strategy and guide what we do to meet the food, feed and fibre needs of a growing global population while creating long-term value for all. Key highlights include:
~773,000 smallholders receiving sustainability support with over 60 customer and NGO partnerships for livelihoods alone; a further 2.6 million farmers in India are benefiting from AgriCentral, our farmer services platform in India
~33% reduction in GHG intensity for Olam processing emissions
Committing over US$7 million of in-kind and financial support, benefiting over 11.5 million people across 33 countries amid COVID-19
Piloting an Integrated Impact Statement (IIS) case study in Vietnam to understand Human Capital Accounting (HCA)
Leading LIBOR transition with a landmark loan and Singapore’s first Overnight Rate Average (SORA)-pegged club loan of S$200 million, setting the pace for the industry’s future syndicated SORA loans
Pioneering sustainable financing with the first sustainability linked fixed-rate note issuance in Asia (ex-Japan)
Responding to the Task Force on Climate-related Financial Disclosures (TCFD), initiating a Climate Change Scenario Analysis to better understand, assess and act on climate-related risks
Achieving inclusion in the FTSE4Good Index Series, reflecting our strong Environmental, Social and Governance (ESG) credentials, which will further catalyse responsible investments
Being awarded Kincentric Best Employer – Regional Asia Pacific, China, Vietnam, Great Place To Work – Brazil, Great Place To Work and Great Place to Learn – Singapore and HR Asia Magazine’s Best Companies to Work for – Vietnam
Over the past year, we’ve spent a lot of time on our digital devices and this will often have resulted in an increased volume of data and a need for additional storage.
Data can mean important personal documents, that work project you have been working on over the last few weeks or even treasured photographs that capture important moments in your life.
With data living everywhere, regular backups can be essential in protecting yourself from the loss of valuable files as well as in minimizing the damage that can be caused by malware that encrypts your data.
Many of us have found ourselves in that regrettable situation where we dropped a smartphone or spilled coffee on our laptop, leaving us with that nervous wait to find out if our device still works and has our saved data. At best it is an inconvenience and at worst lost data will require considerable time and effort to be recovered if it is even possible.
With malware attacks increasing over the last year and more people online than ever before, backups have become even more important. As smartphones have become an essential tool in our lives it comes as no surprise that these devices are a prime target for criminals; leading to an increase in theft. If phones aren’t recovered and the data hasn’t been backed up, then every memory on that device is gone.
As the pace of digital growth and transformation is increasing, we rely heavily on the convenience, speed and efficiency of our digital devices to help us work, live and play. This requires greater awareness on not only about backing up our data but ensuring we use the best technology to help us do that.
Western Digital has built a trusted reputation among consumers and businesses alike with its range of storage options. As we become increasingly mobile, reliable portable external storage has become a necessity. You don’t have to know any of the technical details to become a boss of the backup because Western Digital makes backing up your work simple — so you can focus on living. Just plug, install and relax to begin saving the content you make every day, like pictures, videos and more. Though features like auto-back up require some configuration and additional steps but once activated are easy to navigate. You pick the drive that’s right for you, and Western Digital can handle the rest with a range of devices in a variety of sizes and capacities, so you can find the storage solution that suits your data needs.
Whether we want to enjoy our collection of movies and music or have enough space to save those photos we took during a recent staycation, storage must go where we go. This is where the ultra-thin and modern design of WD’s My PassportTM external storage delivers exceptional performance. Extra protection is provided by the built-in AES hardware encryption to help keep your personal data safe. My Passport portable storage is ready right out of the box including all necessary cables. It is available in capacities from 1TB to 5TB* based on your need as well as a choice of blue, white, red, and classic black colors. Mac users do not miss out either with the My Passport for Mac.
For exceptional performance look to Western Digital’s new portable SSD portfolio offering outstanding storage capacity. Save time storing and transferring data with powerful NVMe™ solid state performance featuring up to 2000MB/s** read and up to 2000MB/s** write speeds on the new SanDisk Extreme Pro® Portable SSD. The latest My Passport SSD from WD also offers blazing fast NVMe TM technology with a bold metal design that is both stylish and durable. The drive is shock and vibration resistant and drop resistant up to 6.5 feet (1.98m), and comes in a range of colors including Gray, Blue, Red, Gold and Silver.
Recognizing the extension of your PC to include smartphones and other devices, Western Digital has also developed a range of versatile and flexible mobile storage solutions. The SanDisk Ultra® Dual Drive Luxe USB Type-C™ Flash Drive is equipped to easily move files between USB Type-C smartphone, tablets and Macs and USB Type-A computers, freeing up valuable space. With automatic back-up for photos, videos, music, documents and contacts with the SanDisk® Memory ZoneTM app1 for Android™ (available on Google Play™) you can manage your device’s memory and content effortlessly. With up to 1TB* of storage, files can be moved quickly with up to 150MB/s** read speeds. It is also small enough to be hooked up to a keyring, so it is always with the user.
For Apple users, invest in the iXpand Flash Drive Go from SanDisk. Designed to be the perfect companion for their iPhone or iPad2, the iXpand Go Flash Drive offers an easy way to free up space, automatically backs up the camera roll3, and even lets users watch popular-format videos straight from the drive. From there, you can transfer the files onto a Mac computer or PC or store them on the drive. Files are password protected so personal content remains private4. Available in sizes ranging from 64GB to 256GB* means there is an option for every requirement
To learn more about the range of storage options available for Western Digital, please visit:
Before 2020 ended, ExxonMobil announced plans to reduce greenhouse gas emissions from its operations over the next five years.
As 2021 unfolds, those plans will be at the forefront of our minds, guiding our strategy and operations. The following are a few highlights outlining our emission-reduction plans:
We plan to reduce Upstream GHG emissions intensity by 15-20% compared to 2016 levels.
We plan to reduce methane emissions intensity by 40-50% and decrease flaring intensity across our global operations by 35-45% compared to 2016 levels.
Photo by Marcin Jozwiak
These plans cover Scope 1 and 2 emissions from assets operated by the company and are expected to reduce absolute greenhouse gas emissions by an estimated 30% across the company’s Upstream business. We’ve also started providing Scope 3 emissions earlier this month in our Energy & Carbon Summary, which we’ll continue to do on an annual basis.
Our 2025 emission-reduction plans, which were developed as part of our planning and budgeting process, are designed to be credible and tangible. Looking beyond 2025, I am hopeful that our company will be well poised to bring forth new scalable solutions to further mitigate GHG emissions while providing affordable, reliable energy that upholds economies and living standards.
In the short term, the 2025 reduction plans we’ve outlined are projected to be consistent with the trajectories of a 2-degree pathway, a vision articulated in the Paris Agreement that translates to about a 10% reduction in global GHG emissions by 2025 versus 2016 numbers. Solving the dual challenge requires all of us to be in this together, and companies like ours can bring unique strengths and scale that help put societies on a path to a lower-carbon tomorrow.
How are we expecting to achieve these plans?
A significant portion of this reduction will come from our unconventional Upstream production in the U.S., where we are continuing to reduce flaring and methane emissions.
To this end, in collaboration with others in the space, we have developed a series of industry-leading best practices, including increasing leak detection and repair, improving inspections with advanced technologies, and retiring high-bleed pneumatic devices (nearly 100% of these devices were phased out from our U.S. unconventional operations as of 2020).
We’ve also offered a methane regulatory framework to encourage governments to enact similar requirements across the industry while working with universities to advance research and monitoring networks.
Similarly, our Downstream and Chemical operations will continue to focus on improving energy efficiency, increasing cogeneration at manufacturing facilities, and applying new technologies and techniques that reduce emissions.
One example I wrote about recently is the redesigned hydrocracking system we deployed in Rotterdam that won an Edison Award from the R&D Council of New Jersey. In the past few years, my team has developed novel materials, liquid separation membranes, and gas-treating technologies that can achieve significant greenhouse gas reductions.
A case in point is Celestia™, a breakthrough catalyst that can help refiners efficiently remove sulfur and other impurities from diesel, an essential fuel for commercial transportation while using less energy and creating fewer emissions.
Our efforts to reduce emissions in the short term run parallel to our commitment to finding solutions in the long term.
Today, our eyes are focused on the technological advancements that will be crucial to achieving society’s net-zero ambitions. These include carbon capture and storage, low-carbon hydrogen production, advanced biofuels and energy-efficient manufacturing.
Importantly, these research directions represent technologies that apply to three sectors of energy use (commercial transportation, power generation and industrial manufacturing) that currently have only limited viable solutions for reducing emissions. For instance, CCS, a technology that the IPCC has identified as necessary in every projected 2-degrees pathway, can be deployed at power and industrial facilities.
On that note, ExxonMobil has captured more CO2 than any other company since the inception of the technology. And with our ongoing collaborations with companies like Global Thermostat and Fuel Cell, as well as more than 80 universities around the world, we are uniquely positioned to bring this portfolio of technologies to a greater scale.
Like I’ve said before, solving the dual challenge will require conviction, ingenuity and, most importantly, collaboration. The plans for 2025 we’ve outlined, coupled with insights from our recent Energy & Carbon Summary, represent our progress and vision.
Within the oil and gas sector, we’re working toward industry-leading GHG performance across our businesses by 2030. And as societies continue to deploy renewables like solar and wind, we will support this transition to lower-carbon systems by focusing on technologies that mitigate emissions from the existing energy infrastructure.
I am both enthused and prepared for the work ahead as we approach the next five years.
By Dr. Vijay Swarup, Vice President of Research and Development, ExxonMobil
Studio Press Plc wishes to notify The Nigerian Stock Exchange (NSE), and the investing public that at the Board of Directors’ Meeting of Studio Press Nigeria PLC held on Tuesday, 30″ March, 2021, the retirement of Mr. Davis O. Onifade, Non-Executive Director of the Company was accepted by the Board with effect from 31°t December, 2020, having attained the age of seventy years.
The Board of Directors of the Company acknowledge and sincerely express their gratitude to Mr. Davis Onifade for his service and immense contributions to Studio Press Nigeria PLC, while he was on the Board and wish him all the best in his future endeavours.
Studio Press (Nigeria) Plc is a printing and manufacturing company in Nigeria involved in lithographic printing and manufacturing cartons, light packaging materials and labels. The company is produces nylon and poly wrappers using flexo printing. Studio Press Nigeria Plc is a subsidiary of Rommac Agencies Limited. The company’s head office is in Lagos, Nigeria.
Salako made the submission recently in Lagos while delivering her keynote address at the World Consumer Rights Day Symposium 2021, organised by the Brand Journalists Association of Nigeria (BJAN).
Speaking on the title:“Tackling Plastic Pollution: Challenges, Opportunities And Solutions”, Salako said sound pollution is one of the pollutants that make the environment unhealthy and because we live in the same environment it tends to affect some of our lifestyles.
Photo by Tope. A Asokere
According to her, any sound that will have to force one to raise his or her voice before speaking- that is sound pollution and unfortunately, all that is present in Nigeria, especially in Lagos State and we have not been paying particular attention to that.
“For us in Nigeria, we don’t know that the density of our voices is higher, which is as a result of what is called sound pollution. And, there is a lot of that going on in Lagos especially,” she said, adding; “because of the pollution that we live with, the average Nigerians scream”.
Continuing she said, you know all those people who put out loud sound, churches and mosques included, they all constitute what is known as noise pollution, such are not helping the environment and that is why there are laws against those actions, she observed.
She defines pollution as the introduction of harmful materials into the environment, called pollutants and pollutants can be natural, such as volcanic ash, or they can be created by human activities. “A whole lot of the ones we are dealing with now are created by human activities, especially the household waste generated by individuals,”she said.
The consumer rights activist noted that, as the world becomes ‘westernized’, coupled with the ‘on the go lifestyle’ which requires easily disposable products, more waste are being generated. And if innovative ways are not created to mop up these wastes from the system, they find their way to the environment destroying the ecosystem and putting animals and human life at risk.
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