Connect with us
Paramount
Advertisement
Ican
Advertisement
IZIKJON
Advertisement
Polaris bank
Advertisement
Binance
Advertisement
Esetech
Advertisement
Patricia
Advertisement
Fidelity ads
Advertisement
Stallion ads
Advertisement
app

Business

FG urges contractors to complete Ebute Meta–Apapa seaports railway extension by January 2021

The Federal Government has charged contractos to complete the Ebute Meta–Apapa seaports railway extension by January 2021.

Published

on

The Federal Government announced it has charged the APM Terminals in Apapa to allow China Civil Engineering Construction Company (CCECC) ensure the completion of Ebute Meta – Apapa seaports railway extension by January, 2021.

This was disclosed by Transport Minister, Rotimi Amaechi,  on social media and in a statement released by the Ministry of Information after the Minister visited the terminal on Saturday.

READ: Lagos-Ibadan Railway: NRC acquires 24 coaches for operations starting next month

The Minister warned that the January date for the commissioning of Apapa extention 2 railway with the Lagos -Ibadan railway was very important to the FG.

In a social media post, he said, “We analysed the synergy between the ports & the rail lines, decongesting Apapa port; and looked at a detailed plan for offloading cargo unto the trains. We expect them to increase their speed at the Apapa axis & reach completion before commissioning”

READ: Lekki Port to commence operations by 2022

Amaechi added that moving cargo through rail will reduce the gridlock in Apapa.

“The moment we begin movement of cargo from Lagos to Ibadan, then the Lagos gridlock will reduce drastically and that’s my objective in January. 

“We have already told the President, that we are commissioning in January. Now, I am working towards that time. We must achieve that time,” he added.

READ: PoS transactions hit N1.64 trillion in 5 months, highest in 4 years

What you should know 

  • Nairametrics reported that The Federal Government revealed that the perennial traffic in Apapa and its environs is expected to come to an end within the first quarter of 2021.
  • FG added that sorting out the gridlock and other issues in the ports and along that corridor would ensure the utilization of the benefits in the AfCFTA to the country.
  • The Transport Minister also disclosed that the Lekki Deep Seaport in Lagos must become operational in 2022.

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Your email address will not be published.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.

Business

More Nigerians don’t trust government, fear losing jobs more than COVID-19 – Report

The 2021 Edelman Trust Barometer has revealed that Nigerians trust NGOs, businesses more than they trust the government.

Published

on

Cross section of Nigerians

A recent survey has revealed that only 24% of Nigerians have trust in the government which is one of the lowest rates in the world. The report also stated that Nigerians have more fear of job losses than Covid-19.

The was revealed in the 21st Edelman Trust Barometer Survey Report on Nigeria unveiled virtually by Edelman and its Exclusive Nigerian Affiliate, Chain Reactions Nigeria, in Lagos on Tuesday, 23 February 2021.

Presenting the 2021 Nigeria findings with the theme: ‘Pandemic’s Ongoing Impact on Trust’, CEO of Edelman Africa, Jordan Rittenberry, noted that Nigerians are looking to civil society organisations and businesses to assist the government in uplifting communities and driving positive change.

The 2021 Edelman Trust Barometer Report revealed that “out of the four institutions of government, business, media and Non-Governmental Organisations (NGOs), Nigerians trust civil society organisations the most, with businesses coming second.” 

Highlights of the survey include:

  • Most Nigerians expressed distrust for the media and returned the lowest trust quotient in the world for government with 24%.
  • Nigerians overwhelmingly placed the highest Trust in their ‘employers’, and in the process revealed their expectations for CEOs and business leaders to be more pro-active in speaking out on societal issues (92%) and driving positive change (79%) rather than wait for government.
  •  Nigerians fear losing their jobs more than they fear coronavirus, with a high degree of vaccine hesitancy revealed, as only 26% expressed readiness to take the COVID-19 vaccine when made available.

Laolu Akande, the Senior Special Assistant on Media to Vice President Yemi Osinbajo said: “Distrust in government is not peculiar to Nigeria. However, the government does have the responsibility to up its game in communication, to demonstrate responsibility and responsiveness.”

Akande cited the acclaimed National Social Intervention Programmes, and the COVID-19 Survival Fund as some evidence of the Muhammadu Buhari administration’s unprecedented responsiveness to Nigerians.

In case you missed it

Nairametrics reported last month that only 68.8% of Nigerians believe Covid-19 is real. While 39.9% of Nigerians say they will take the vaccine, 63.3% are opposed to another lockdown, in a report by SBM Intel

Continue Reading

Business

SEC denies knowledge of Oando shareholder’s court case

SEC has denied ever being served with court processes with respect to the purported matter at the FCT High court.

Published

on

unclaimed dividend, SEC restrains fintech company, Chaka from advertising or offering for sale shares

The Securities and Exchange Commission (SEC) has denied the claim by one of Oando Plc’s shareholders, Engr Patrick Ajudua, that he won a court case against the capital market apex regulator.

SEC disclosed in a statement it issued and seen by Nairametrics on Wednesday that there was never a time it was served with court processes with respect to the purported matter at the FCT High court.

It stated, “The attention of the Securities and Exchange Commission (the Commission) has been drawn to several publications in the media, where it is reported that a shareholder of OandoPlc, purportedly obtained a judgment from the Federal Capital Territory High Court against the Commission.

“The Commission wishes to inform the general public that it was never at any time served with court processes with respect to the purported matter at the FCT High court. The Commission will consequently take all necessary steps to verify and set aside the purported decision of the said Court.”

What you should know

  • On Tuesday, Ajudua, reportedly won a legal suit, which was filed at the High Court of the FCT against SEC, according to Nairametrics.
  • He filed that the directive of the SEC suspending Oando’s Annual General Meeting is in breach of his right to freedom of association as guaranteed under Section 40 of the Nigerian Constitution and Articles 9, 10 & 11 of the African Charter on Human and Peoples Rights.
  • In the said hearing presided over by Honorable Justice O. A Musa, all cases filed were granted in his favor.

Continue Reading
Advertisement




Advertisement

Nairametrics | Company Earnings