lcda meaning in nigeria

LCDA is listed in the World's largest and most authoritative dictionary database of abbreviations and acronyms The Free Dictionary List Of 57 Lgs, Lcdas Sole Administrators Swore In By Governor Ambode, Ogun LGA Election Results: APC Clears All 20 LGs, 37 LCDAs - Sotrueng, Ambode Swears In Sole Administrators For All LGAs, Ambode Appoints 57 Sole Administrators For LGAs,, Re: List Of 57 Lgs, Lcdas Sole Administrators Swore In By Governor Ambode, When Wike said we will resist the tyrant,this is what he meant. The State of Osun has 69 Local Government Areas, Local Council Development Areas and Area Offices. By July 25, the LCDA started enforcement. What is LCDA? “We thought that alone was enough,” Tina said, “until we got the circular.”, “It’s seriously crazy, that’s why we had to speak up this time [because] adding this to the bills we already pay is outrageous.”. Elected chairmen who govern within the stipulated tenure of … In a conversation with TechCabal, Lagos State Chairman of AMMBAN, Azeez Olowu said the issue was being handled. She was wearing white shorts, a blue jacket over a black top and had just dropped off her two-year-old child with a friend at Kuisebmond, eight minutes away.

With COVID-19 cases rising, will Nigerian schools fully reopen in 2020? Nairaland Forum / Nairaland / General / Politics / List Of 57 Lgs, Lcdas Sole Administrators Swore In By Governor Ambode (6407 Views), Ogun LGA Election Results: APC Clears All 20 LGs, 37 LCDAs - Sotrueng / Ambode Swears In Sole Administrators For All LGAs / Ambode Appoints 57 Sole Administrators For LGAs (2) (3) (4), When Wike said we will resist the tyrant,this is what he meant. That didn’t happen. The meaning of the LCDA is also explained earlier. The grassroots authorities see mobile money agents as just another group of people who should pay levies.

What is the meaning of LCDA? Although statistics are unavailable, the area is part of the larger Alimosho Local Government Area which had a population of 2.05 million in 2015; the highest in Lagos. There may be more than one meaning of LCDA, so check it out all meanings of LCDA one by one. As at June 2017, the Pharmacists Council Of Nigeria (P.C.N), the regulatory body of pharmacy education and regulation in Nigeria complained about the gap between the registered pharmacists and licensed ones.

If this alleged isolated case is not seriously opposed, there is a tendency that other grassroots governments across the country will impose their own levies on mobile money agents. She explains to TechCabal that there was no prior dialogue between mobile money agents in the area and local authorities. EFInA estimates that while 40% of adults had access to payments services, only 2% had access to either savings or lending providers. Every small business in this area – passenger motorcycles, taxis, informal traders, etc – is heavily taxed. On 11 July, mobile money agents in Agbado/Oke-Odo Local Council Development Area (LCDA), a suburban area in Lagos, received a notice. Subscribe here to get it directly in your inbox every Sunday at 3 pm WAT.
Responding on behalf of the appointees, Sole Administrator of Bariga LCDA, Mr. Sanya Osijo thanked Governor Ambode for counting them worthy to be part of the development of the State, assuring that they would go all out to offer good governance at the grassroots.

But in the Agbado/Oke Odo area, the government has a different understanding. The startup which launched in Lagos in September 2019 is a subsidiary of Crowdyvest Holdings, the parent company of agriculture investment platform, Farmcrowdy. TC's biggest stories delivered to your inbox>. On 11 July, mobile money agents in Agbado/Oke-Odo Local Council Development Area (LCDA), a suburban area in Lagos, received a notice. Opera did not mention the name of the company it exited. She told TechCabal that mobile agents were not expected to pay separate levies to operate. “They just sent the circular about two weeks ago that they’ll start locking up shops and kiosks and business places if we don’t pay before the July 25,” said a mobile money agent identified simply as Tina. Nigerian bus-hailing company, Plentywaka says it has completed over 190,000 trips by more than 40,000 riders in its first year. (Photo) / We Are Not Financially Independent ― INEC / Boko Haram: Crime Should Be Punished, Not Pampered By Oke Umurhohwo, Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10). Tina says she already pays over ₦27,000 annually as levies to local authorities for everything from her shop’s signboard to a tarpaulin extension outside her shop. With Nigeria’s rising cases, will the government consider cancelling the rest of the 2019 school year? Why Nigeria is a growth opportunity for Audiomack. He did not provide more details. This will be catastrophic to the financial inclusion goals pushed by the Central Bank of Nigeria (CBN). It had the 14th lowest revenue among the 57 LCDAs in Lagos. Parents have gradually become teachers homeschooling their children, while children are forgetting what school feels like as Nigeria’s coronavirus cases continue to rise.

The most comprehensive roundup of technologyaround Africa, in your inbox, first thing in the morning. It is the closest to the people at the grassroots level.

Yet this is a slippery slope especially for a country with a history of rent-seeking. The merger between MumsVillage, a Kenyan company, and BabyBliss Nigeria is a demonstration of how e-commerce and Femtech will spread in Africa. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. See How To Advertise. Nairaland - Copyright © 2005 - 2020 Oluwaseun Osewa. All rights reserved. Hello, ICYMI; some (not so) humblebrag, Jack […]. The company recently released its financial report for the period between April 2020 and June 2020. WHAT IS THE FULL MEANING OF LCDA. At first, they organised themselves in a WhatsApp group chat, but the matter has now been taken up by the Association of Mobile Money & Bank Agents in Nigeria (AMMBAN). By enabling agents to carry out basic banking operations – money transfer, withdrawals and account opening – agency banking is crucial to financial inclusion in the country. MumsVillage and BabyBliss were each […], 22-year-old Shanon Wasserfall was last seen on April 9, 2020 at Walvis Bay, a port town in west central Namibia. According to a recent study by EFInA, monthly income of agents has dropped by almost 50% since the outbreak of COVID-19.

“But unfortunately we could not reach a conclusive decision,” it said.“In view of this, I will urge all AMMBAN members to keep calm and continue with their usual business but shun any form of circular related to levy collection or tax by any contractor from Agbado Oke-Odo LCDA till further notice.”.

The grassroots government of the area had introduced a new weekly levy of ₦600 for all mobile money agents. If that happens, the country could lose $134 million daily. Wasserfall was said to have informed her […]. The sixty-year-old bank is planning a restructuring and has already secured regulatory approval to operate as a holding company.

There are only ten bank branches catering for over 6,500 shops, markets and kiosks in the area.

In Nigeria, there are fears that the government may shut down the internet to disrupt the ongoing protests and dilute their impact. Around 60.1 million Nigerian adults are financially excluded according to EFInA [PDF]; meaning they have no bank accounts and are unable to access credit, insurance or basic banking services. (Photo), We Are Not Financially Independent ― INEC, Boko Haram: Crime Should Be Punished, Not Pampered By Oke Umurhohwo. APPROVED RATES CHARGEABLE IN LOCAL GOVERNMENTS IN LAGOS STATE This grassroots govt in Lagos is threatening Nigeria’s vision for financial inclusion, Business, Internet, Mobile, News, Products, startups, Technology, Airtel Africa’s revenue drops 5.3% QoQ as voice revenue continues to decline, Isis Nyong’o Madison: Building e-commerce for African women’s needs against all odds, Data: Internet shutdowns are expensive, Nigeria cannot afford one, After GTBank, Sterling Bank is restructuring into a holdings company, Amidst the pandemic, Plentywaka completes over 190,000 trips in its first year, Transsion’s half-year profits surge 33% despite COVID-19 pandemic, Opera exits a Nigerian venture, launches new fintech for emerging markets, After two years of development, MAX deploys its electric motorbikes in Nigeria. Mobile money agents are already suffering a significant impact as a result of the pandemic. A few mobile money companies like Paga have indicated that they were not informed about the new levy before it was enforced. “[We] have been inundated with distasteful reports of how local government councils/LCDAs officials and their contractors have been intimidating, disrupting and in many instances molesting our members and indeed, all Mobile Money and Bank agents across the country on the basis of the collection of levies and daily tolls,” AMMBAN wrote on July 27.
Till now you might have got some idea about the acronym, abbreviation or meaning of LCDA In a memo to members, AMMBAN said it was invited for a meeting with Agbado Oke Odo LCDA authorities on Monday, July 27.

The disclosure was made during the company’s second quarterly report for 2020. Nigerian mobility company, MAX has finally launched its electric motorcycles in the country after two years of development. LCDA definition / LCDA means? Transsion Holdings raked in revenue of 13.9 billion yuan ($2.02 billion) for the first six months of 2020, a 31.81% growth over H1 2019. Agent banking is one fix for these. “Any levy or toll outside [regular charges, levies and taxes] are devilish and anti-people,” it added. Its Android and iOS apps allow riders book seats and schedule their […].

Mobile money agents help to provide basic banking services to small businesses and individuals residing in the area. Norwegian software company, Opera, announced it has made a $6.1 million divestment from a Nigerian subsidiary. A predominantly rural neighbourhood with fewer well-connected road networks, the area generated ₦293.9 million revenue in 2015.

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