News
Tragic Elevator Incident: Femclems Company consoles With family of Late Staff
The Management of Femclems Electrical Company regrets the unfortunate and tragic incident that led to the demise of one of our personnel that died from the injuries he sustained while dismantling an old elevator at the NYSC National Directorate Headquarters in Maitama, Abuja on Saturday, 26th October, 2024.
In a statement signed on Monday in Abuja by the Managing Director of Femclems Electrical Company Adebowale Clement revealed that, the deceased, Mr Dennis Micheal Wisdom was a dedicated staff of our organization.
According to the statement, the Femclems Electrical Company was certified in lift installation, maintenance and repairs at the UTC Training Center, Apapa, Lagos State in 1999, and was also registered with the Corporate Affairs Commission (CAC) since 2012.
“As at the time of the incident, a total of six persons with the requisite professional certifications were on duty, but Mr Dennis Micheal Wisdom died from the injuries he sustained from the accident.
“Enviable records of our previous engagements are verifiable at Agura Hotel, Abuja, Top Ranks Hotel Galaxy, Abuja and we have also worked with the UTC, WinCoTech Lifts Ltd among others.
“Our heartfelt condolences goes to the immediate and extended families of Mr Wisdom, his friends, acquaintances and NYSC Management over the unfortunate incident.
“May God Almighty repose his soul, grant him eternal rest and also give his relatives the fortitude to bear the irreparable loss.”
News
Ogunlesi backs Tinubu reforms as FIRS chairman Adedeji highlights export-led economy
Joel Ajayi
After a high-level meeting with President Bola Tinubu in Abuja, Nigerian-born global investor Adebayo Ogunlesi expressed renewed confidence in the country’s economic reforms, indicating potential mega investments across energy, aviation, and port sectors.
He was joined in that optimism by Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), who stressed that the reforms were laying the groundwork for an export-driven economy.
Speaking to journalists after the closed-door meeting, Ogunlesi praised the sweeping policy changes under Tinubu’s administration, including the removal of subsidies, tax reforms, and the revival of a refinery already exporting aviation fuel.
“We had an excellent meeting where we discussed how to put Nigeria front and center for international investment. The President was very encouraging, and we shared useful suggestions on driving economic growth,” Ogunlesi said.
Although he declined to reveal specific details, Ogunlesi confirmed that his firm is actively investing in Nigeria and assessing new opportunities.
“Watch this space. Nigeria is not yet the most exciting investment destination, but that’s what we are working on,” he teased.
Pressed on the sectors of interest, Ogunlesi highlighted energy, gas, aviation, ports, and renewables. Drawing on his firm’s experience with LNG projects in Texas and Australia, he noted Nigeria’s massive untapped gas reserves.
On aviation, he acknowledged his reputation as “the guy who bought Gatwick Airport” and signaled interest in similar ventures locally.
He also admitted that one of his companies operates ports in Cotonou and Lomé but none in Nigeria, a point Tinubu reportedly challenged him on.
“He forgave me but said, ‘you have to bring port investment to Nigeria,’” Ogunlesi recounted with a smile.
International investor Hakeem Bello-Osagie, who was also present, underscored the importance of diaspora participation in Nigeria’s growth story.
“When Nigerians at home and abroad invest in Nigeria, it sends a strong signal to the world,” he said, lauding Tinubu’s policies for making the country “investable.”
Echoing the sentiment, FIRS chairman Adedeji described the reforms as the foundation for an export-led economy.
“We’ve done the fundamentals, and now it is time to deliver growth,” he said.
With global players signaling confidence, the momentum for Nigeria’s economic repositioning is gaining ground, setting the stage for transformative investments in key industries.
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