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Lagos launches seven high-capacity boats, to open new water routes

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In a move to boost water transportation, the Lagos State Governor, Bababjide Sanwo-Olu, has launched seven high-capacity boats and announed plans to renovate 15 jetties as well as open new water travel routes aimed at attracting more people into the transport mode to reduce traffic congestion on the road.
He also inaugurated cowry cards at the Cowries Jetty of the Lagos State Waterways Authority in Ikoyi, Lagos.
The governor, who was represented by his deputy, Obafemi Hamzat, urged the people to embrace water transportation “as it remains the fastest, most reliable and safest means of transportation within the state”.
He said, “The procurement of these high-capacity boats is in fulfilment of our promise to double the number of boats in the LAGFERRY fleet within the shortest time, enhance the capacity of ferry services for efficient service delivery.
“We are also launching the cowry card for water transportation to create a seamless payment scheme for our multimodal transportation system, which is gradually taking shape as we have begun the integration of our rail lines, bus terminals and waterways.”
He urged the organised private sector to invest in water transportation, noting that the economic potential was limitless.
The governor said, “I assure you that we will continue to support private sector participation in water transportation by putting in place the most appropriate regulatory framework for high returns on investment.
“We are building and rehabilitating 15 jetties across the state, and dredging our waterways to open up more jetties.
Our people have nothing to fear when they board our ferries.”
According to him, in the last one year, LAGFERRY has moved over 500,000 passengers across our waterways, including the Super Eagles, who were successfully ferried to and from Benin Republic for their AFCON qualifying match.
He said, “In addition to commuting people, it is heartwarming to know that LAGFERRY promotes tourism and commerce by providing logistics solutions to business owners who move their trucks and cargoes through the waterways within Apapa and through regular charter services.”
The current administration in state, he added, would continue to prioritise absolute safety on the state waterways by ensuring total compliance with safety protocols and
regulations including regular use of life jackets by both operators and
passengers, conducting seaworthiness inspections bi-annually, and removing wrecks from navigable channels.
“We have concluded plans to boost our water transportation safety measures and protocols with the deployment and installation of technological devices for improved navigation, the development of nautical charts and the purchase of state-of-the-art patrol boats and safety equipment to upgrade LASWA’s SAR unit,” Sanwo-Olu said.
Managing Director of LAGFERRY Abdoulbaq Ladi-Balogun, said the seven new boats brought the total number of boats to 20 running concurrent commercial operations.
He said, “This is the first time we are going to have a total of 20 boats running concurrent commercial operations. The seating capacity of the 19passenger boats currently stands at 710.”
“Mr Governor’s commitment and promise to continue to patronise local manufacturers of boats has ensured the construction of these seven new boats by local boat builders.
“The boats are built to international standard and equipped with modern gadgets like Wi-Fi, GPS, Echo Sounder, VHF radio, USB charging ports, 13-amp sockets, TV and radio, tool box, first aid box, fire extinguishers.”
He noted with the unwavering support of the governor, his administration’s commitment to create an instant alternative to road transport.
He also stressed the need to ensure Lagos benefits from the Blue Ocean Economy with a global asset base of over $24tn, generating at least $2.5tn each year from the combination of fishing and aquaculture, shipping, tourism, and other activities.
The governor said, “To date, we have moved over 41,040 trucks from our terminal. Over 2,308 cleared goods containers have been received from the port and well over 941 containers have been loaded back to the ports.
“We have also been able to create 284 employment directly and indirectly, and of course, paying taxes to the coffers of the state.
“LAGFERRY, as at yesterday, (Monday), after 317 days of operations, has ferried over 524,000 passenger with an increasing daily average passenger flow of over 1,500. “12 passengers boats have collectively ran 7,061 hours spanning 286,280 kilometers for 10,182 trips.
“We boast of an impressive safety record as we can proudly tell you that we have never recorded any accident since the agency started commercial operations on February 6, 2020. With the kind approval of Mr. Governor, all passengers on the boats of LAGFERRY can now enjoy insurance cover on all trips.”
Some of the new routes recently approved by the governor are Badagry- Liverpool – CMS; Agbara-Ojo- Liverpool – CMS; Agbowa Ikosi – Ebute Ero – CMS; Ilaje Bariga – Ebute Ero – CMS – Falomo – Victoria Island; Epe – Victoria Island – Falomo; Bayeku – Oke Ira Nla – Badore; Badore – Falomo – CMS Marina; Ibeju Lekki – Falomo.

 

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Photos: Coscharis rolls out new Land Rover Discovery Sport, Jaguar F-Pace

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Coscharis Motors on Wednesday unveiled the 2021 edition of the Land Rover Discovery Sport and Jaguar F-Pace at its Lekki-Epe Expressway head office, Lagos.
Detailed reports later…

 

 

 

 

 

 

 

 

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CBN fixes N1m application fee for payment service firm

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Anyone intending to set up a payment service holding company will have to pay a mandatory application fee of N1m, the Central Bank of Nigeria has announced.
This, it said, was part of the guidelines for the establishment and regulation of payments service holding companies in Nigeria.
Musa Jimoh, CBN’s director of payments system management department, stated this in a circular.
The guidelines require companies that intend to offer both switching and processing, and mobile money services to set up a PSHC structure.
“This arrangement would prevent commingling of activities, facilitate management of risks and enable the Central Bank of Nigeria exercise adequate regulatory oversight on all the companies operating within the Group (PSHC),” the circular stated.
The CBN said promoters of a PSHC would be required to submit a formal application for the grant of a licence.
But it said the application process would be in two phases: approval-in-principle (AIP) and a final licence.
According to the guidelines, the capital requirement to apply for an AIP is “a non-refundable application fee of N1,000,000.00 (One Million Naira only) or such other amount that the CBN may specify from time to time; payable to the Central Bank of Nigeria, through electronic transfer.
“Not later than six (6) months after obtaining the AIP, the promoters of a proposed PSHC shall submit an application to the CBN for the grant of a final licence.
“The application shall be accompanied with non-refundable licensing fee of N5,000,000.00 (Five Million Naira only), or such other amount that the CBN may specify from time to time, payable to the Central Bank of Nigeria by electronic transfer.”
The apex bank explained that a PSHC would be set up for the purposes of making and managing equity investment in two or more companies being its subsidiaries, which are payments service providers across three categories: mobile money operations, switching and processing, and payment solution services.
It said, “PSHC shall be non-operating, existing solely to carry out investment in approved subsidiaries without engaging in the day-to-day management and operations of subsidiaries.
“It shall have a board size of between 5 and 10 or as determined by applicable CBN Corporate Governance Guidelines.”
The CBN added that no PSHC is allowed to borrow from the Nigerian banking system for the purpose of capitalising itself or any of its subsidiaries.

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UAE lifts ban on transit flights from Nigeria, others

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The United Arab Emirates has announced the exclusion of some countries from which entry has been prohibited, including India, Pakistan, Sri Lanka, Nepal, Nigeria and Uganda, as of August 5.
These categories of travellers named are those with valid residency permits who have received full vaccination doses in the UAE and 14 days have passed since receiving the second dose and who have vaccination certificates approved by the official authorities in the country.
Others are medical personnel working in the country will be excluded, including doctors, nurses, technicians from the vaccinated and non-vaccinated, and those working in the educational sector in the country who teach in universities, colleges, schools and institutes from the vaccinated and non-vaccinated categories.
Students studying in the country and humanitarian cases (vaccinated or not vaccinated) who hold valid residency, workers in federal and local government agencies, and cases of completing treatment in the country, whether they are catering or not, will be excluded.
All of these categories will be required to submit a request on the website of the Federal Authority for Identity and Citizenship to obtain the necessary approvals in addition to vaccination certificates certified by the concerned authorities in the country for the categories from which these certificates are required.
The excluded groups will be obligated to submit a prior (PCR) laboratory test within (48) hours from the date of departure, provided that the tests are from accredited laboratories, bear a QR Code, and conduct a quick laboratory test before boarding the plane.
In addition to applying precautionary and preventive measures to receive arrivals, including quarantine and PCR checks upon and after arrival, in addition to follow-up and health monitoring of arrivals.
Travel will resume for transit passengers from all countries from which transit passengers were previously suspended, provided that the traveler’s last destination is accepted and a laboratory examination is submitted within 72 hours from the time of departure, and the country’s airports will allocate special lounges for transit passengers.

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