Business
Lagos reads riot act to motorcycle, tricycle operators, to enforce traffic laws in the state
Lagos State Government has read a riot act to motorcycle and tricycle operators, following the flagrant violation of traffic laws.
The Lagos State Government, on Thursday, November 19, 2020, read the riot act to motorcycle and tricycle operators, following the flagrant violation of the traffic laws and other anomalies on its roads.
This statement by the state government is coming after the recent clash between the Lagos State Task Force on Environment and Special Offences and okada riders in some parts of Lagos.
The warning was issued by the Lagos State Commissioner for Transportation, Dr Frederic Oladeinde, on Thursday, November 19, 2020, during a press conference on traffic rules violation, in Alausa, Ikeja.
According to Oladeinde, the state government was displeased at the non-compliance with the Transport Sector Reform Law (TSRL) 2018 which restricts the operations of commercial motorcycle riders, otherwise known as okada, and driving against traffic, known as one-way driving.
He noted that the restriction on them from plying 10 major highways, 40 bridges and roads within 6 local governments, and 9 local council development areas (LCDA) in the state was still in force.
While stressing the need for sanity on the roads within Lagos, Oladeinde said failure to comply with the law would attract sanctions as stipulated in the Transport Sector Reform Law 2018.
He also urged the media to do more by enlightening drivers on the dangers of one-way driving and said the time was up for traffic offenders.
He said, “Obedience to the law is paramount if we must build a state of our dreams. We all have joint responsibilities to make the state work for all.
“We hereby direct all law enforcement agencies, Lagos State Traffic Management Authority (LASTMA), Vehicle Inspection Service (VIS), Taskforce and the Nigerian Police to immediately and continuously embark on enforcement on all restricted routes.’’
Also speaking, the representative of the Road Transport Employers Association of Nigeria (RTEAN), Mr Ayinde Runmokun, said that most erring riders were alien to the union, and the union was concerned about flagrant disregard of the law by some motorists and riders.
The Deputy Chairman of the National Union of Road Transport Workers (NURTW), Alhaji Sulyman Ojora, during the press conference, assured Lagos State Government of the support and cooperation of the union in ensuring that traffic offenders are brought to book.
The Commissioner noted that all commercial transport operators must carry out their daily activities within the approved routes in Lagos State, adding that any motorist caught driving against traffic would face the maximum penalty and also be charged to the court of law, with penalties ranging from N20,000 to 3-months imprisonment.
He said, “In line with this administration’s plan to build Lagos that works for all, we are determined to continue to engage with the various transport unions and associations of tricycle and okada operators.
“In spite of all the efforts of Mr Governor to reform our transport sector, it is therefore disheartening to note a lot of our people are still going against the extant law of the state on transport operation and safe driving on our roads and in our communities to ensure their members cooperate with us in the process of ensuring public safety by abiding with the TSRL 2018 at all time.
“With the upsurge in the number of commercial motorcycle operators, we shall intensify our enforcement strategy. This we intend to carry out along with the various transport union leaders. We will set up a joint enforcement team to ensure that our roads are sanitized from the menace of okada riders.’’
Also speaking, the Special Adviser on Transportation to Governor Sanwo-Olu, Hon. Oluwatoyin Fayinka implored all road users especially commercial transport operators to be law-abiding. He said that these operators do not only violate the provisions of the Transport Sector Reform Law of Lagos State, 2018 with restriction of areas of operations but perpetuate crime using their motorcycles.’’
PRESS RELEASE
LASG READS RIOT ACT TO MOTORCYCLES, TRICYCLE OPERATORS
….Says restriction on Okada riders from plying bridges, major highways still in force
…Traffic offenders will face the maximum penalty, says Transport Commissioner #ForAGreaterLagos #rebuildlagos pic.twitter.com/TlnaS5ooxR— Gbenga Omotoso (@gbenga_omo) November 19, 2020
Business
President Buhari sends Finance Bill 2020 to Reps
2020 Finance Bill has been sent to the House of Representatives by President Buhari, for consideration and passage.
President Muhammadu Buhari has sent the 2020 Finance Bill to the House of Representatives for consideration and passage.
This was disclosed by the Speaker, Femi Gbajabiamila, when he was reading out Buhari’s letter at the opening of Tuesday’s plenary.
The bill proposes various amendments to existing tax laws and financial regulations in response to the negative impact of the COVID-19 pandemic on the economy and the current recession.
Follow the #HousePlenary live here. https://t.co/koq9nPSgJJ
— House of Reps NGR (@HouseNGR) December 1, 2020
Details later …
Business
Create enabling environment to boost investment in critical sectors – Ultimus Holding
Investment in critical sectors of the economy would not only create jobs for the youths but also help to improve economic prosperity.
Ultimus Holding, a Pan-African investment firm, has urged the Federal, State Governments to create an enabling environment to attract more investments across the critical sectors of the Nigerian economy.
Chief Executive Officer, Ultimus Holding, Dr. Ifeanyi Odii, explained to Nairametrics that investment in critical sectors of the economy would not only create jobs for the youths but also help to improve the economic prosperity of Nigeria and the continent as a whole.
He called on the government in different economies within the continent to continue to support the expansion plans of private sector by creating an enabling environment for businesses to thrive.
He said, “We are quite confident that Africa holds great potential for economic growth and as such would continue to play a leading role in harnessing the opportunities that could make the continent an economic superpower.
“We are quite optimistic about Nigerian economy given the abundance of available opportunities. As a business, we would continue to explore different areas in the rapidly evolving growing economies, not only to make a statement as a brand, but to contribute to further expansion. Moving forward, we would be making massive investments in sub-Saharan Africa that are targeted at addressing the peculiar needs of the African market.”
He further noted that the company is strategically seeking opportunities for new businesses in strategic sectors, which would guarantee huge returns on investment while also acquiring businesses that visibly deliver solid value for its esteemed customers.
“Currently, Africa remains a strategic market for our business. We cannot afford to relax because we are aware of the impact significant investments would have on business growth and socio-economic development in Africa as a whole. We believe investment in critical sectors of the economy would not only create jobs for the youths but also help to improve the economic prosperity of the continent as a whole,” he added.
On its investments in the healthcare sector (Viarmor Healthcare), Vice President, Ultimus Holdings, Mr. David Ewemie explained that its fully integrated medical support company has signed a strategic partnership with renowned global brands to give it an innovative edge “in our quest to making lives better by providing innovative medical equipment and efficient healthcare services for everyone. Some of our devices – include: Air purifiers & Emergency mobile ventilators.”
Business
Ministry of Youth and Sports, ITF sign MOU to facilitate training of 23,000 youths
Ministry of Sports and ITF have signed an MOU to train 23,000 youth from each State and FCT in 21 different vocational skills.
The Ministry of Youth and Sports Development and the Industrial Training Fund (ITF) have signed an MoU for skills training and empowerment of Nigerian youths in the 36 States and the FCT.
According to the tweet by the Minister of Youth and Sports Development, Sunday Dare, the youths will be trained in 21 different vocational skill areas.
Yesterday in Jos, Plateau State, the DG, ITF and myself signed an MOU to train 23,000 youth-600 youth from each State and FCT. Training will be in 21 different vocational skills areas under the Youth Skills and Enterprenuership Program, Y-SEP. Thanks ITF for this partnership pic.twitter.com/ybaoRCpndR
— Sunday Dare (@SundayDareSD) December 1, 2020
This agreement, however, is a follow up to a request for collaboration from the Federal Ministry of Youth and Sports Development and the ITF to organize a Youth Skills Development and Entrepreneurship Programme (YOSDEP).
According to the press release, the 23,310 trainees in the 36 States of the Federation and the FCT will receive core training across key trade areas like Agro-Allied, Catering (Hospitality), Autonomics, Welding, Masonry, Carpentry, Plumbing, Tiling/POP, Painting, Electrical Installation, Information and Communication Technology, Facilities Management Technology, and Electrical/Electronics Technology PLC among others.
(READ MORE: FG launches application for N75 billion Youth Investment Fund at 5% interest, how to apply)
Speaking shortly after signing the MoU at the ITF headquarter in Jos, the Minister, Federal Ministry of Youth Sports Development, Mr. Sunday Dare commended President Muhammadu Buhari for his commitment to youth development in the country.
He pointed out that Nigeria has the pool of resources to upskill the youths in the country and this is expected to provide them with all that is needed to be productive in order to strengthen the resilience of the economy.
What they are saying
The Minister of Youth and Sports Development, Sunday Dare, said: “This MOU will facilitate the training of 23,000 youths, 600 youth from each state and the FCT. The training will be in 21 different vocational skills areas under the Youth Skills and Entrepreneurship Program, Y-SEP. Thanks to ITF for this partnership.”
The Director-General of the Industrial Training Fund, Sir Joseph Ari said:
“The implementation of this programme will be for the duration of three months, 30 trainees per trade and 23,310 trainees in the 36 states of the federation and the FCT. We will be adopting both Digital, Green and Brown field approach in the implementation to ensure that the trainees are exposed to new trends in technology, and that they have practical hands-on approach which is necessary for impactful Skills Acquisition.”
CUTIX Plc posts N1.83 billion revenue in Q2 2020, up by 57.8% Y-o-Y
President Buhari sends Finance Bill 2020 to Reps
NNPC to provide free conversion services to motorists to switch from PMS to autogas
Senate confirms 6 NERC commissioners, drops Chairman-nominee
Ecobank is “Agric Lender of the Year 2020” – BAFI Awards
COVID-19 Update in Nigeria
Daily Parallel Market Exchange Rate – ₦495/$1
Frantic CBN allows diaspora remittances to be withdrawn in dollars and sold anywhere including black market
CBN issues subtle warning explaining how domiciliary accounts should be used
Ripple opens last billion XRP for 2020, worth over $662 million
