Bad road, multiple checkpoints compounding Apapa gridlock, says NPA MD – Newstrends
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Bad road, multiple checkpoints compounding Apapa gridlock, says NPA MD

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Acting Managing Director of the Nigeria Ports Authority, Mohammed Bello-Koko, has lamented the agonising gridlock on the Apapa road leading to the ports, which has lingered despite various measures made to address the problem.
Although he said the electronic call-up (of trucks) introduced by the authority had brought some sanity into the system, he noted that bad Tin Can road and multiple checkpoints were frustrating the effort.
Bello-Koko, who spoke with newsmen in Lagos, said the gridlock had defied solutions “for more than 10 years now.”
He said, “The Tin Can corridor is bad. We have had discussions with the Federal Ministry of Works and Housing to ensure that the construction company deploys its gadgets to start construction around that area.
“We have also complained about multiple checkpoints which we have tried to reduce because it is bringing a lot of extortions and creating a lot of traffic.
“The final issue is the stakeholders themselves; they need to buy into this. I keep saying that the worst of ETO is better than the best of the last system that we were using.”
He said as much as priority should be given to the export cargo, the gridlock at Apapa area had made this a difficult task.
He said, “One of the first executive actions I took when I was appointed was to visit the Tin Can Apapa corridor to ensure that the right things are done and the right infrastructure is deployed. We are getting there gradually.
“We have put in some measures to minimise the congestion in and around the ports. NPA was using a manual manifest and call-up system, which was not very effective because of human interference. We have brought in ETO (electronic call-up system) to ensure smooth inward and outward movement of cargo from the port.”
The NPA boss also said, “The idea was to ensure that all trucks coming in are supposed to move from trailer parks to Lilly Ponds than to the port.
“They were supposed to have deployed some physical and electronic infrastructure but that was not done. When I was appointed, I gave them an ultimatum to ensure that those items were installed as quickly as possible. I can assure you today that there has been more deployment of assets by TTP.
“I also requested that we need to sit down and reappraise what they have achieved. incidentally. ETO was 90 days old when I resumed. We analyzed to see where we are, what has been achieved and we identified where the gaps were. So, what I did was push for immediate implementation of the agreement between us and TTP.”
Bello-Koko also spoke on enforcement, adding, “We liaised with the Lagos State Government to ensure that we have the right security operatives on the ground.
“We have also collaborated with Lagos State Government through Lagos State Transport Management Agency, LASMA, which has brought sanity to the system.
“Because of our intense focus, there is improvement. There is a better flow of traffic. But let me finally say that the major hindrance to ETO is the road.
He said some people were sabotaging the NPA’s efforts, saying, “What we have observed is interference by government agencies and the stakeholders themselves.
“Rather than pay the ETO ticket, they find a way to bring in military men. You find out that at night, military men escort vehicles which is sabotage.
“The stakeholders need to buy into the ETO system. We have had town hall meetings with stakeholders to let them understand that this is a system that we are not going to change. The world has gone automated, so we need to reduce human interference.”

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CBN directs banks to start deducting cybersecurity levies from customers

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CBN directs banks to start deducting cybersecurity levies from customers

The apex bank announced this on Monday, May 6, 2024, in a circular signed by Chibuzor Efobi, Director of Payments System Management, and Haruna Mustafa, Director of Financial Policy and Regulation.

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Forex: FG to delist naira from P2P platforms

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Forex: FG to delist naira from P2P platforms

The Federal Government is set to delist the naira from all Peer-to-Peer platforms to reduce the manipulation of the local currency value in the foreign exchange market.

Director General of the Securities and Exchange Commission, Emomotimi Agama, made this known on Monday at a virtual conference with blockchain stakeholders.

The goal of this resolution is to combat manipulation of the value of the local currency in the foreign exchange market.

In past months, the nation’s regulatory bodies have started looking into and closely examining cryptocurrency exchanges.

This is part of a number of regulations to be rolled out in the coming days.

He said, “That is one of the things that must be done to save this space. The delisting of the naira from the P2P platforms to avoid the level of manipulation that is currently happening.

“I want your cooperation in dealing with this as we roll out regulations in the coming days.”

The SEC DG decried how some market players were manipulating the value of the naira.

This, he said, was why the commission was “seeking collaboration and help in making sure that the crypto environment is respected globally”.

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Ikeja Electric cuts tariff for Band A customers

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Ikeja Electric cuts tariff for Band A customers

The Ikeja Electricity Distribution Company has announced a reduction in the tariff for customers under Band A classification from N225 per kilowatt-hour to N206.80kw/h

This is coming about a month after the Nigerian Electricity Regulatory Commission (NERC) approved an increase in electricity tariff for customers under the Band A category to N225 per kwh — from N66.

The commission has clarified that customers under Band A receive between 20 and 24 hours of electricity supply daily.

Ikeja Electric said in a circular on Monday the cut in the new tariff rate would take effect from May 6, 2024.

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