Connect with us

Business

Ex-presidential aspirant, Harry Akande, dies at 77

Published

on

A former presidential aspirant of the defunct All Nigeria Peoples Party (ANPP), Harry Akande, has died at the age of 77.

Akande, a business mogul and Agba Oye of Ibadanland, died on Saturday after a brief illness.

A relative of the deceased, Mr Olumide announced the passing of the Ibadan-born millionaire, describing his passing as a huge shock to his family, friends and associates.

Part of the statement read, “In the early hours of Saturday December 5, 2020, our patriarch Chief Harry Ayodele Akande passed away following a brief illness.

“Chief Harry Akande was an astute businessman of international repute whose legacy and influence cut across continents.

“But by far his greatest passion was for a better Nigeria that guaranteed equity and justice for all. It is our fervent hope that this will be a reality in the not too distant future.

“His passing is a huge shock to his immediate and extended family, friends and associates. We are all grappling to make some sense of it.

 “As we seek the repose of his gentle soul, we ask you to in turn to uphold us in your prayers while we pass through this very turbulent period of our lives occasioned by the loss of someone as dear as him.”

The Publisher of Ovation magazine, Dele Momodu, in a message on his Twitter handle, said, “Chief Harry Ayoade Akande, one of Nigeria’s richest men of his generation passed on this morning… Rest in Peace Sir…”

Akande reputed to be one of the richest men in Nigeria was the chairman of Akande International Corporation (AIC) with interest in healthcare, engineering, building construction and power.

Auto

Lagos rolls out cashless FLM buses, to replace okada in two months

Published

on

Lagos State Governor, Babajide Sanwo-Olu, has unveiled cashless First and Last Mile (FLM) buses that will ply inner routes expected to replace commercial motorcycles (okada) in the state.
A total of 300 FLM buses in the first phase of the scheme were rolled out on Tuesday out of the expected 5,000 units
Sanwo-Olu, while unveiling the FLM bus scheme at the Lagos State House, Ikeja, on Tuesday, said the need to phase out okada was the reason their introduction.
He said government would observe the operation of the FLM for two months to know its performance in meeting the needed demand before he would pronounce total ban on okada operation.

Continue Reading

Business

Kaduna dares labour, declares NLC president, others wanted

Published

on

Kaduna Government has declared National President of the Nigeria Labour Congress, Ayuba Wabba, and other members of the union wanted.
They were declared wanted for economic sabotage and attacks on public infrastructure under Miscellaneous Offences Act.
Governor Nasir El-Rufai, in a tweet on Tuesday, said, “Ayuba Wabba & others of @NLCHeadquarters declared wanted for economic sabotage & attacks on public infrastructure under Miscellaneous Offences Act.
“Anyone that knows where he is hiding should send a message to @MOJKaduna. KDSG. There will be a handsome reward!”
In another tweet, he said, “The reform of the size, cost & quality of over bloated, inefficient & barely educated public service is at stake here. We will neither retreat nor concede to any thoughtless & corrupt political hacks ever!”
The state government had said the five-day warning strike by the NLC, which began on Monday, would not distract it from its plan to sacking workers it could not accommodate in the civil service.
But Wabba, who addressed civil servants in the state on Monday, vowed to bring the El-Rufai’s administration to its knees until the sacked workers are recalled.

Continue Reading

Business

Lekki deep seaport project gets fresh $629m loan

Published

on

Lagos State Government says it has secured a loan of $629m to finance the ongoing Lekki deep seaport project.
The state Commissioner for Commerce, Industry and Cooperatives, Dr Lola Akande, disclosed this on Monday, at the 2021 ministerial press briefing to commemorate the second year in office of Governor, Bababjide Sanwo-Olu.
The Lekki deep seaport is being built over 90 hectares of land at the centre of the Lekki Free Trade Zone, approximately 60 kilometre east of Lagos. It is the first deep seaport to be built in Nigeria on Built Own and Transfer agreement.

It received an infusion of over US $221m equity funding from China Harbour Engineering Company last year.

According to Akande, the latest loan secured from China Development Bank, is to support, falicitate the construction, development of the giant project and early operation in year 2022 targeted period.
“Current completion percentage as at February 2021 stood at 47 per cent, trial operations of the port is slated for third quarter of year 2022 while commercial operations is slated for first quarter of year 2023,” she stated.
Akande explained that the project had provided job opportunities for 611 locals: 32 local skilled workforce, 513 local semi-skilled and 66 local un-skillled labour.

Construction of the initially budgeted $1.5 billon seaport began in December 2017 and the project is expected to be completed in 2023 after a review.
The multi-purpose Lekki port will have container, liquid and dry bulk terminals to serve container vessels of up to 8,000TEUs (20ft equivalent units), dry bulk vessels, and liquid bulk cargo vessels.
A nine kliometre-long and 19-metre deep navigation channel and a 600m-wide turning basin will be built to allow vessels to approach or leave the port.
A 1,500m breakwater structure and a 300m secondary breakwater structure will be constructed for safe handling of vessels. Other facilities at the port will include a 6km-long and 14.5m-deep approach channel, quay wall, cargo handling cranes, and three 19m-deep liquid jetties.
When operational, the Lekki deep seaport is expected to be one of the most modern ports in West Africa and support the growth of commercial operations in the region as well as serve as alternative to Apapa Ports.

Akande also spoke on the state of the ongoing construction of Dangote refinery and Petrochemical Industry at the LFTZ, saying the project which had generated over 1,000 jobs, is expected to commence operation by end of the second quarter of 2021.
Akande said that the construction of an integrated petroleum delivery system valued at $230m had been completed.
She said, “Total number of 40 free zone enterprises were in operation as at February 2021,1054 local employment generated between October 2020 and February 2921.
“Though Lagos State Government has no shares in Dangote Group, we stand to benefit from employment opportunities.”

Continue Reading

Trending