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Business

President Buhari to flag-off Eastern rail corridor on March 2, 2021

President Buhari will perform the groundbreaking ceremony for the Eastern rail corridor on March 9, 2021.

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Amaechi proposes a capital budget of N205 billion for Ministry of Transportation in 2021, FG approves $3 billion Port Harcourt-Maiduguri railway and $462 million Bonny deep seaport, Banks to hold shipowners accountable for $200m CVFF disbursement. FG sets deadline for completion of Ibadan-Kano rail project, gives reason for delay 

The Federal Ministry of Transportation has announced that President Muhammadu Buhari will perform the groundbreaking ceremony for the Eastern rail corridor on March 9, 2021.

The rail project which has generated a lot of debate especially from that region is part of the Buhari-led administration’s railway modernization initiative.

According to a press statement issued by the Federal Ministry of Transportation on February 28, 2021, and signed by its Director for Public Relations, Eric Ojiekwe, the disclosure was made by the Minister of Transportation, Rotimi Amaechi, during an inspection tour to all the stations from Mobolaji Johnson Station at Ebute Metta to Ibadan station over the weekend.

Amaechi further disclosed that the President has also approved the redirecting of the Eastern line to 2 new spurs namely; Abakaliki, Ebonyi State and Awka, Anambra State.

READ: Nigerian-Canadian company to start gold export from Nigeria in June 2021

The Minister also mentioned that the Federal Government has approved the commencement of the Port Harcourt-Maiduguri rail project and is also negotiating loans for the Lagos-Calabar rail project.

On the take-off of the Ibadan-Kano rail project, Amaechi informed that the government is still seeking approval for a loan to enable it to take off.

Speaking on the Lagos-Ibadan rail project, the minister noted that he has challenged Messrs China Civil Engineering and Construction Company to deploy global acceptable safety and security standards for the project. He directed that a central cooling system be installed in all the major train stations along that route.

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READ: Finance Minister says asset sales not primarily for budget financing

This announcement by the ministry would come as a welcome relief to agitators from that region who complained about being left behind in the current administration’s railway modernization projects as rail projects are going on in other regions and none had taken off in the region.

The absence of a modern railway will adversely affect economic activities in the region.

In one of his engagements with the National Assembly, Amaechi, while denying exclusion of Eastern rail line from Port Harcourt to Maiduguri in the ongoing rail construction and modernization, said that the delay was due to bureaucratic bottlenecks caused by the Public Procurement Act.

Stanbic 728 x 90

 

Chike Olisah is a graduate of accountancy with over 15 years working experience in the financial service sector. He has worked in research and marketing departments of three top commercial banks. Chike is a senior member of the Nairametrics Editorial Team. You may contact him via his email- [email protected]

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    Business

    JAMB: How to register for the 2021 UTME examinations

    JAMB stated that the registration for the examinations has now commenced in full swing as all the issues have been resolved.

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    The Joint Admissions and Matriculation Board (JAMB) had about 3 weeks ago announced the commencement of the 2021 Unified Tertiary Matriculation Examination and Direct Entry registration exercise on April 8, 2021, to May 15, 2021, with National Identification Number (NIN) made mandatory at the point of registration.

    This was put on hold due to the exam body’s effort to ensure that candidates have access to its registration app for the 2021 UTME/DE and also finalise work on its pin vending process before the take-off of the exercise.

    However, in a new statement, the spokesperson for JAMB, Dr Fabian Benjamin, said the registration for the examinations has now commenced in full swings as all the issues have been resolved.

    JAMB in its public communications gave a guide on how to register for the UTME.

    READ: How to link your National Identity Number with your phone number

    How to register for the 2021 UTME

    • VALID, FUNCTIONAL E-MAIL, PHONE NUMBER: The applicants must have a valid and functional e-mail account in addition to an active phone number. This is relevant for registration and sending and receipt of information from JAMB.
    • NATIONAL IDENTIFICATION NUMBER (NIN): JAMB has made it mandatory for applicants or potential candidates to provide their NIN at the point of registration or enrolment.
    • VISIT JAMB WEBSITE: After having your email address and NIN, the applicant can proceed to the examination body’s website, where he/she can create a JAMB profile, preferably before buying the form.
    • CHECK JAMB iBass: After creating a profile, you are advised to check JAMB iBass to be sure of your eligibility to take this year’s examination. The information is provided on the official website of the exam body.
    • JAMB e-pin: After confirming your eligibility, you can go ahead to buy your 2021 JAMB e-pin registration from banks and other accredited outlets.
    • CBT CENTRE: Then, proceed to any accredited 700 computer-based test (CBT) centre with your personal details and your profile code.

    READ: JAMB sets date for 2021 UTME registration and examination, makes NIN mandatory

    What you should know

    JAMB a few days ago confirmed the commencement of registration for the 2021 UTME/DE examinations after the initial hiccup.

    It stated that applicants must provide NIN at the point of registration with the registration by Direct Entry candidates to run concurrently with that of UTME candidates.

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    JAMB also said that the mock examination is expected to hold on Friday, April 30, 2021, for those who indicate interest and are registered before April 24, 2021, with the registration fee for the application still N3,500 and N500 for recommended Reading Text.

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    Business

    Customs Apapa Command generates N159.58 billion revenue in Q1 2021

    Most revenues came through customs duty and charges.

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    Here's how much Lagos-Apapa Customs Command generated in 5 months

    The Nigeria Customs Service (NCS) Apapa Command stated that it has generated a revenue of N159.58 billion in the first quarter of 2021.

    This was disclosed by Ibrahim Yusuf, the Area Controller at Apapa Customs Command, in an interview with newsmen on Monday.

    He added that most revenues came through customs duty and charges, citing a 44.8% revenue increase on duty collection compared to the N110 billion generated in the same period in 2020.

    READ: Vitafoam declares N1.11 billion as profit in the first quarter of its financial year 2020/21

    “The difference recorded was made possible because of robust stakeholders engagement, officers’ resolve in discharging their duties and increased level of compliance in the trade zone,” he said.

    He added that the total seizure for the first quarter stood at 28 containers of goods with DPV (Duty Paid value) of N1.87 billion.

    “The containers had rice, wheat declared as supermarket items, medical soap declared as baking powder, tramadol and others.

    “These are all importations in breach of sections 46, 47 and 161 of the Customs and Excise Management Act CAP C45 LFN 2004 and Schedules 4 and 6 of the Common External Tariff (CET).

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    READ: Customs revenue rises by N200 billion to hit N1.5 trillion in 2020

    “These cases are at various stages of investigation and in due time will be revealed,” he disclosed.

    The Customs boss also revealed that exported goods from Apapa were valued at N41.55 billion in Q1 2021, including manufactured goods such as soaps, textiles, noodles, and agricultural products such as cashew nuts, hibiscus, sesame seeds and other mineral resources.

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