Industry, other sectors lose N30bn annually to accidents

The Nigerian industry and other sectors lose about N30 billion annually to prevalence of accidents, Chairman, Lagos State Branch of the Institute of Safety Professionals of Nigeria (ISPN), Engr. Timothy Iwuagwu has said.

Speaking at the fifth edition of the award in Lagos recently, Iwuagwu said, “In terms of naira and kobo, we are losing N30 billions if not trillions to safety challenges annually especially looking at the gross negligence among operating firms across the country “

He explained that safety in the country was still evolving, despite peculiar challenges as a developing nation, and arguably still in the formative stage.

Iwuagwu noted that the reason for Access Bank Plc has said its e-wallet services have helped to increase financial inclusion of Nigerians at the rural areas in the country.

Chinedu Onuoha, the Head, Business Development and Planning, at Access Bank in an interview with Daily Trust said : “What we are trying to do is to ensure that every Nigerian who can earn a living was access to financial services.”

Onuoha said the e-wallet is a different type of account designed for customers who for some reason do not have some things that are required for Know your this was because there is no current national legislation that mandates stakeholders and regulators on safety adherence, saying with the absence of strict regulations, health and safety are approached and seen as actions relegated to use of common-sense practice by most employers and businesses.

Promoters of the Nigeria safety awards for excellence hall of fame (9jasafe) said the absence of strict regulations is making employers to adopt only common sense practice to ensure health and safety.

The Lagos chairman of the safety institute bemoaned the sorry state of safety regulation in the country, saying that failure of will power had relegated the safety sector to the background despite the laws being there. customer (KYC) and the other types of bank accounts.

He said the bank has 15-18 million customers who can use this mobile wallet to pay bills like paying the mechanic, bricklayers and water in a safe and cost effective manner.

Onuoha said customers are able to fund their e-wallet by going to outlets which are close to 20,000 or service agents which are over 100 000 around the country.

He also drummed up the Awuf berekete initiative, which is intended to encourage those that have funds but have abandoned it for a long time to start transacting.