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Business News

Louts, “Agbero” confront Opay, Gokada, and MAXng riders

A viral video online has suggested that some ‘Agberos’ are stopping popular motorbikes hailing services, Oride, Gokada, MAXng riders in Lagos demanding for N500 tax.

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A video that recently went viral on social media shows that some Area Boys, popularly known as Agberos, stopped the riders of popular motorcycle-hailing services, Oride, Gokada and MAXng, from operating along Ojuelegba part of Lagos State.

A passenger, who shared the video via her Twitter handle said the Area Boys were stopping the riders and demanding a sum of N500 from them.

She said the ‘Agberos’ interrupted her ride, and as a result, she couldn’t continue with her journey. She asserted that the Lagos State Government is not ready for evolution or business.

[READ ALSO: Court issues arrest warrant against Okocha for alleged tax evasion]

In 2012, Lagos State Government banned motorcycles from operating in over 467 areas in the State. This led to the emergence of the bike-hailing companies penetrating the market and offering over 20 million residents of Lagos options to their commuting life.

Lagos State is the biggest market for motorbike-hailing services in Nigeria and it is believed these bike-hailing services have obtained the rights to ply major roads, as their bikes are within the capacity specified by the Lagos Government.

Issue of tax: According to reports, Lagos State Government is not getting enough revenue from the them.

Most of these bike-hailing services are not registered under the Lagos state government but in the neighboring Ogun State. This is a source of worry for Lagos as most of them run in the State.

[READ MORE: OPay secures $50 million capital raise from Chinese investors]

An investigation carried by The Nation revealed that the riders of some of these companies such as ORide, U-Go Services, and MAX Okada have been serially harassed by men of the Vehicle Inspection Service (VIS) over the aforementioned issue and many have alleged that this must have resulted to the the situation being reported.

What this means for business: This issue posses serious loss for these companies if they are constantly harassed by ‘Agberos’. Customers of these popular services may not wish to use the services, knowing the danger ahead.

It is time these companies sorted out the problems and challenges facing them. They should work in accordance with the law and regulation guiding the State to avoid further harassment.

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Reactions: Many Nigerians on Twitter were livid over the issue, as they blamed the Lagos State Government for employing touts to control their affairs.

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Some argued that most of these motorbikes services pay taxes regularly to the government.

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See other reactions below.

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[READ FURTHER: Should Gokada and Max.ng be afraid of ORide?]

1 Comment

1 Comment

  1. Diego

    December 7, 2019 at 11:33 am

    I share your opinion for the most part, I presume that a few
    points are worth having a more thorough appearance to comprehend what is going on.

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Corporate Press Releases

AXA Mansard emerges Best Health Insurance Product Winner 2021

The winning product was the AXA Platinum Plus Cover which has been specially designed to provide a world-class health cover for the insurer’s customers.

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Health Management Organization, AXA Mansard Health Limited, recently announced that it has emerged as the winner of the best health insurance product of the year in the Insurance Product & Process section of the just concluded 11th Annual Global Banking and Finance Awards 2021.

The winning product was the AXA Platinum Plus Cover which has been specially designed to provide a world-class health cover for the insurer’s customers. With access to roam over 1,700 hospitals locally, care in India, UAE and South African hospitals and limited in-patient cover in the UK, France, and Germany for up to $1000 in healthcare benefits.

The product provides enrolees with benefits such as twenty-four-hour dedicated Telemedicine service, home vaccination service, free home delivery of special medications, partnership with healthy eating restaurants, and smarter budget-friendly discounts on healthy meals.

Speaking on the award, Chief Executive Officer, AXA Mansard Health Limited, Tope Adeniyi, said “We thank our highly esteemed customers for this prestigious award, as they are the reason, we passionately drive to improve our product offerings and execute innovative initiatives. This award is recognition of our unflinching commitment to our customers and an affirmation of our current position as the leading health insurance company in the country.”

AXA Mansard Health has a twenty-four-hour call centre, a team of highly trained and dedicated professionals, service portals at all AXA Mansard Welcome Centres nationwide and has deployed state-of-the-art technology to attain operational excellence while contributing to prompt service delivery and overcoming of challenges being encountered in the Nigerian health insurance industry.

Whilst thanking the organizers, Adeniyi noted that “the company is counting on the continued support of our stakeholders to continuously provide superior customer experience and to develop more innovative and value-adding products. We will continue to innovate, create new products, improve our product offering and refine our service delivery to ensure we continuously meet the changing needs of our customers”.

AXA Mansard Health Limited is the Health Maintenance Organization (HMO) arm of the AXA Mansard group of companies. The HMO is geared to promote her members’ wellbeing.

The HMO serves all clients across the country virtually and has established functional offices in Lagos (the head office), Abuja, Port-Harcourt, Enugu, with ongoing plans to open offices in other locations.

Global Banking & Finance Review is a leading Online and Print Magazine, which has evolved from the growing need to have a more balanced view, for informative and independent news within the financial community.

Since its inception in 2011, The Awards reflect the innovation, achievement, strategy, progressive and inspirational changes taking place within the Global Financial community. According to the magazine’s publishers the awards were created to recognize companies prominent in their areas of expertise and excellent in financial service delivery.

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Energy

NNPC to boost power generation with additional 5,000 megawatts to national grid

The NNPC has revealed plans to boost power generation with additional 5,000 megawatts of electricity to the national power grid.

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FG to give up majority stakes in its 4 refineries, to be privately managed, NNPC, Pipeline Vandalism: Stakeholder collaboration, critical to tame menace - Kyari, Nigeria explains when it will fully comply with OPEC+ output cut

The Nigerian National Petroleum Corporation (NNPC) has announced plans to boost power generation with additional 5,000 megawatts of electricity to the national power grid once the ongoing gas projects throughout the country are completed.

This follows progress being made on several gas projects, including the NLNG Train 7, with a foreign direct investment of between $3 billion and $5 billion.

According to a report from Thisday, this disclosure was made by the Group Managing Director of NNPC, Mallam Mele Kyari, while speaking at a virtual event organised by the Nigerian Gas Association (NGA), themed: “Powering Forward: Enabling Nigeria’s Industrialisation Via Gas,”

READ: General Electric rehabilitates 3 gas turbines at NDPHC power plants

Kyari, who was represented by the Chief Operating Officer, Gas and Power, Mr Yusuf Usman, said the NNPC was committed to fulfilling President Muhammadu Buhari’s directive to boost domestic gas supply.

Other gas projects listed by the NNPC boss include the AKK, which he described as one the largest and most aggressive gas infrastructure that has ever been embarked upon in Nigeria, stretching 614 km from Ajaokuta, Abuja, Kaduna and Kano, and Lot B of the OB3 gas project, which is already producing 125 mmscfd of gas.

He said the NNPC hopes to establish 2 gas hubs, one at Oben and the other at Brass, adding that one of the presidential mandates is to deliver on gas and power and create a market in the domestic environment that will consume the planned 4.5bcf of gas.

Kyari pointed out that the state oil giant and its partners are able to raise about $260 million within Nigerian merchant banks and 2 African banks for the Asa North gas project.

READ: Buhari flags off $2.8 billion gas pipeline project, biggest in Nigeria’s history

What the Group Managing Director of NNPC is saying

Kyari in his statement said, “At the moment, the power sector is challenged and all efforts have to be put in to unlock the liquidity in the downstream sector and expand the transmission network. This will enable us to sell the gas we have already invested in and enhance the economic prosperity of the country.

“Within the NNPC, we are looking to establish about five gigawatts of additional power into the network. So, NNPC is engaging with the stakeholders to resolve the power sector issue so that investment that has been made in generating gas can be realised.

He also stated that the NNPC had started creating a link between the domestic gas pipelines infrastructure and export gas pipelines to establish an outlet into the export route which will make the projects more bankable.

What this means

  • The actualization of this plan by the NNPC will give a much-needed boost to the power sector which has been facing serious crisis despite the rapidly growing economy.
  • Despite the power sector reform, which saw the Federal Government give up control of power generation and distribution but still retained transmission, the crisis in the sector still persists, with serious negative impacts on the agricultural, industrial and mining sectors. Even the Micro Small and Medium Enterprises are not saved from its crippling effects.
  • The addition of 5,000 megawatts of electricity, which is about half of what the country generates at the moment, will go a long way to help reduce the crisis in the power sector and boost the economy, which is still very fragile.

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