Connect with us
Switch
Advertisement
Crypto
Advertisement
Samsung
Advertisement
Polaris bank
Advertisement
Esetech
Advertisement
Payfarmer
Advertisement
Patricia
Advertisement
IZIKJON
Advertisement
Fidelity ads
Advertisement
Stallion ads
Advertisement
app

Business News

FAAN denies banning Uber, Bolt from operating inside airport after Nigerians protest 

The decision of the FAAN to ban ride-hailing operation inside the airport has generated criticism from Nigerians.

Published

on

FAAN denies banning Uber, Bolt from operating inside airport after Nigerians protest 

The decision of the Federal Airport Authority of Nigeria (FAAN) to ban ride-hailing operation inside the airport has generated criticism from Nigerians. The airport authority reportedly erected a signpost warning UberBolt (Taxify) and other ride-hailing drivers against operating in the airport or face fine charges of N10,000.

There has been disagreement between the airport authority and ride-hailing drivers who have often complained about their mistreatment at the airport by officials of FAAN.

The airport transportation system was initially operated by the traditional taxi driver before the advent of car-haling apps in Nigeria. But since the entry of the latter into the Nigerian market, the transport business in the airport has become competitive.

Car-hailing business: InDriver threatens Uber's and Bolt's operations with yellow-taxi's pricing model , Should Nigeria follow suit as Uber loses operating license in London?

Why ban car-hailing drivers?

It is believed that the operation of car-hailing drivers in the airport is affecting the gains of traditional taxi drivers who are registered association in the airport and also paying operational fees to the airport authority. Meanwhile, the ride-hailing app drivers are said to be operating in the airport without being regulated or licensed by the airport authority. This means they are not making payment to FAAN.

Specta

The competition has left the traditional taxi drivers redundant due to a decline in daily demand. Such a ban was expected to assist the traditional cab drivers. However, a further clampdown on operators in this market will discourage investors from investing to expand or discourage new player from entering the market because ride-hailing companies have been struggling in Nigeria in recent months. They are being hit with strict regulation or ban. The market is gradually becoming hostile for the operators who are being harassed by various authorities.

[READ MORE: FAAN, FCI to set up Lagos trade centre]

Reactions that trailed the FAAN ban claims

One Twitter user, who tweeted through his handle, @toni1billion, stated that the ban is “The handwork of Airports taxi who have been rendered jobless by digital transport disruption. @FAANews this is not global practice, stop acting like a local agency. @hadisirika.” 

Another Twitter user@nnwigene tweeted, “FAAN put up signs at the airport today saying Uber and Bolt are no longer allowed to pick up passengers in the premises. EASE OF DOING BUSINESS MY ASS.” 

While @HelloMilez advised riders and drivers on how to avoid being detected by the airport authority.

“If FAAN is trying to play smart by not allowing Uber/Bolt to operate, there’s always the joker. This is what you should do 1. Call your Uber/Bolt driver 2. Give them a detailed description of yourself 3. Run to them and shout “UNCLE” when they arrive 4. Enjoy your ride home.” 

@MustaphaNdajiwo also suggested that FAAN should monetise its partnership with car-hailing service rather than chase them out of the airport.

“Nonsense! in other countries they have designated spots. FAAN can actually make money from this by going into an MoU with Uber to collect a percentage as fees. But no, one guy that benefits from the resistance by traditional taxis will kill that opportunity for personal gains.” 

Coronation ads

Meanwhile, @Aeeshamoh said the decision by FAAN was because they owned some of the traditional taxi operating in the airport.

Crypto

“So FAAN Nigeria wants to start sanctioning Bolt and Uber drivers for airport pickups. This will solely be because most of their officers own the ridiculously expensive airport taxis that the majority have stopped patronizing. Everybody is selfish.” 

[READ ALSO: FAAN commences renovation of Enugu Airport)

Jaiz bank ads

Alleged sex for cab rides controversy rocks Bolt Nigeria 

Did FAAN bow to pressure? 

Hours after the ban announcement trended online, FAAN reacted via its official Twitter account to a comment, stating that the message on the signpost carrying its logo did not originate from FAAN. The airport authority said, “Uber, bold and taxify are free to drop passengers at our airports.” FAAN didn’t deny the existence of the billboard inside the airport. It rather said, “The signpost has been removed, be assured the issue would be addressed.”

 

Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ). In the era of media convergence, Olalekan is a valuable asset, with ability to curate and broadcast news. His zeal to write was developed out of passion to shape people’s thought and opinion; serving as a guideline for their daily lives. Contact for tips: [email protected]

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Financial Services

Union Bank Nigeria Plc issues disclaimer against purported sale of owner’s stake

Union Bank has rejected claims that its majority shareholder, Atlas Mara is considering selling its 50% stake.

Published

on

Union Bank's statement

The Union Bank of Nigeria Plc has today issued a disclaimer against an unsubstantiated publication by one of Nigeria’s leading online news site, that its principal owner is considering selling its 50% stake in the firm.

The disclaimer was signed by the bank’s secretary, Somuyiwa Sonubi and sent to the Nigerian Stock Exchange, as seen by Nairametrics.

Recall that a few days ago, some online news website had reported that Union Bank’s principal owner, Atlas Mara is considering selling its stake in the firm, after receiving bids from local banks. The report has it that Atlas Mara engaged the services of a financial advisor, Rothschild & Co to consider the deal.

In a bid to shed more light on the issue and allay the fears of stakeholders, Union Bank dismissed the claims, describing it as a mere ‘rumour and speculation’. It went further to advise relevant stakeholders which comprises of the members of the public, its customers, NSE and other regulatory bodies to disregard the speculation in its entirety.

Corroborating the stand maintained by the bank, Atlas Mara also rejected the report. It clarified the issue of contracting external advisers, noting that it was in line with the Board’s decision to explore a wide range of strategic options.

Specta

An excerpt of the disclaimer issued by the firm reads: “While it is the Company’s practice to refrain from comment on market rumours or speculation, we believe it is important to note that Atlas Mara has not received any offers from any local Nigerian bank or other bank wishing to acquire the Company’s stake in Union Bank of Nigeria (“UBN”). As previously announced to the market in 2019, the Board of the Company has been exploring a wide range of strategic options with the assistance of external advisers. That process is still underway and the Company’s strategic objectives have not changed.’’

What you should know

  • Atlas Mara is currently the biggest shareholder in Union Bank of Nigeria, with a stake of 49.97% (approximately 50%).
  • Union Bank Nigeria Plc share price closed trading today, January 27, 2021 at N5.7, down by 3.39%. It also has a market capitalization of about N165.99 billion.
  • Based on the current market capitalization, the stake of Atlas Mara translates to approximately N82.9 billion.

Continue Reading

Economy & Politics

House of Reps Speaker assures that the PIB will be passed in April 2021

Femi Gbajabiamila has revealed that the lower legislative chamber intends to pass the PIB in April 2021.

Published

on

House of Reps determined to resolve ASUU issues and empower youths - Gbajabiamila , #EndSars: House of Reps to draft new Police legislation in 30 days, Speaker Gbajabiamila asks NLC to suspend strike, offers palliatives, #EndSARS: House of Representatives will do everything to deliver a policing system that works - Gbajabiamila

The Speaker of the House of Representatives, Femi Gbajabiamila, has revealed that the lower legislative chamber intends to pass the Petroleum Industry Bill (PIB) in April 2021.

The assurance by the Speaker follows so many years of delay in the passage of the bill, which is expected to encourage investment into the oil industry, due to political disagreements and objections from International Oil Companies.

This disclosure was made by Gbajabiamila, while speaking at the 2-day public hearing organized by the house Adhoc committee on PIB on Wednesday, January 27, 2021.

The Speaker pointed out that although the timeframe for the passage of the Bill is short, he assured that it will receive the thoroughness it deserves and as well, made a commitment on behalf of the house to pass the legislation in April.

What the Speaker House of Representatives is saying

Gbajabiamila, in his statement, said, ‘’I thank the Chairman and the committee for the dedication and efforts thus far. I have confidence that they will deliver on this critical National Assignment within the time we have set. I look forward to presiding over the consideration of the committee’s report.’’

Specta

“We intend to pass this bill by April. That is the commitment we have made. Some may call it a tall order, but we will do it and we will do it with every sense of responsibility without compromising the thoroughness of the work that will be done.’’

‘’A lot of work has gone into the preparation of this bill but it’s not straight-jacketed, the idea of the public hearing is to have interests that may have not been accommodated prior to the introduction to the Bill to lend their voices,’’ he added.

While speaking at the occasion, the Chairman of the Adnoc Committee on PIB, who is also the Chief Whip of the House of Representatives, Mohammed Tahir Monguno, said that as we gather here today, we may differ in opinions and background but the truth is the passage of this Bill is long overdue.

What you should know

  • It can be recalled that the Senate President, Ahmad Lawan, had a few days ago while speaking at the 2-day public hearing organized by the senate on the PIB, said the upper legislative chamber is looking at passing the Bill in April or May.
  • He noted that the non-passage of the PIB had been a major drag on the industry over the years, significantly limiting its ability to attract both local and foreign capital at a time that when other countries are scrambling to exploit their oil and gas resources.
  • The PIB is a Bill that seeks to provide Legal, Governance, Regulatory Fiscal Framework for the Nigerian Petroleum Industry.
  • On November 24, 2020, the PIB was debated, it passed the second reading and then referred to the Adhoc, Committee on the Bill.

Continue Reading

Coronavirus

NASS directs Health Ministry to suspend disbursing N10bn on Covid-19 vaccine production

NASS has ordered the Ministry of Health to suspend expenditures regarding the N10 billion released for funding of Covid-19 vaccines.

Published

on

AstraZeneca suspends COVID-19 vaccine final stage trial over safety concerns, COVID-19: J&J starts vaccine trials on humans after success on monkeys

The National Assembly has asked the Federal Ministry of Health to suspend further action on plans to spend the sum of N10 billion released by the Federal Ministry of Finance to fund the production of Covdi-19 vaccines.

This follows the dissatisfaction of the National Assembly Joint Committee on Health with the explanation of the Minister of Health, Osagie Ehanire, on how to utilize the N10 billion.

According to a report from Channels, this disclosure was made by the Chairman Senate Committee on Health, Ibrahim Oloriegbe, during an interaction between members of the committee and the representatives of the Federal Ministry of Health.

Ehanire was at the meeting with other representatives which includes the Minister of State for Health, Olorunnimbe Mamora; the Permanent Secretary of the Ministry, and the Director-General of the National Primary Healthcare Development Agency Faisal Shuaib.

What the Chairman National Assembly Joint Committee on Health is saying

Oloriegebe said the committee is dissatisfied with the explanation of the Minister and has directed that the money should not be spent until the Ministry can state clearly, what the money will be used for.

Specta

He said, “This N10billion is just given to you, with due respect, with what you have given to us, you don’t have a specific detailed plan for it. Our decision, for now, is that you can’t spend it (the money) until you provide us with a satisfactory answer. Once you provide us with the details then we will invite all the necessary persons.’’

What you should know

  • It can be recalled that the Minister of Health, Osagie Ehanire, a few days, during one of the briefings of the Presidential Task Force on Covid-19 revealed that the sum of N10 billion had been released for the local production of Covid-19 vaccine.
  • He said the money was part of an agreement between the Federal Government and a foreign partner, May and Baker plc for the production of bio vaccines and added that the health ministry is acting on a Memorandum of Understanding (MoU) between the Federal Government and the foreign partner for the production of the bio vaccines.
  • Director-General of the Budget Office, Mr. Ben Akabueze, representing the Finance Minister during a meeting with the Joint Committee said that the N10 billion it released for vaccine development is not only for the production of Covid-19 vaccines.

Continue Reading
Advertisement




Advertisement