Business
National Assembly tackles Amaechi over Nigeria-Niger Republic rail line, others
The Senate and House of Representatives Joint Committees on Land and Marine Transport on Thursday protested against the proposal of the Minister of Transport, Rotimi Chibuike Ameachi, to construct a standard gauge for the Kano-Maradi rail line while an old narrow gauge was planned for other parts of Nigeria.
The lawmakers became angry when Amaechi presented the 2022 budget proposal of his ministry before the Joint National Assembly Committee.
While presenting the budget, Amaechi said, “The construction of Kaduna-Kano railways to link up the Abuja-Kaduna rail line has commenced. Survey and design for Ibadan-Minna-Abuja is ongoing.
“Construction of the 284 kilometres Nigeria-Maradi (Niger Republic) standard gauge rail line enabling interconnectivity with countries in the West Africa sub region for the promotion of trade and commerce.
“This important contribution by Nigeria would be mutually beneficial by adding to the economic growth of the two countries, Niger and Nigeria.”
Chairman of Senate Committee on Marine Transport, Senator Danjuma Goje, and House Committee Chairman, Mr Pat Asadu, kicked against the marginalisation of other regions of the country in the rail line construction.
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Both Chairmen queried the minister why he was not constructing uniform rail lines across the country.
They also asked him to explain the rationale behind the modern standard gauge being proposed for the Kano-Maradi rail line when he was constructing the old narrow gauge in other parts of Nigeria.
The Chairman, Committee on Port, Pat Asadu, who opened the floor after the minister presented the budget to the committee, specifically asked why he was constructing modern rail line in one place and old rail lines in other parts of the country.
He said, “Looking at your key railway projects which you’ve highlighted, I think they are worth the spend.
“We are now looking at the difference between project D which is the construction of 284 kilometers Nigeria-Maradi railway standard world class line against Project C where you talked about the total rehabilitation and reconstruction of Port Harcourt to Maiduguri eastern rail network defined as narrow gauge.
“For a segment of this country that is known for trade and commerce, they need railway as they need air.
“Why is the ministry doing a 287 kilometers of railway track from Kano to Maradi that you will fund with Nigerian money borrowed for Nigerians to be paid by our children to do a world class railway to Maradi.
“I also know the economy of Niger Republic and I believe the economy of the South-East is bigger than that of Maradi. I am not even talking of South-South.
“So what policy guide, what need assessment, what study of federal character integration would make the Ministry of Transportation to put 284 kilometers railway from the end of the North to Maradi and then constructing a narrow gauge in the South-East and South-South.
“This to me is why the integration of this country will always be challenged because things are done with so much impunity. This is our commonwealth.
“So if we approve this budget for you, you will go and do Kano-Maradi standard rail line and do a narrow gauge rehabilitation for the South-East. My heart bleeds.
“Instead of doing the right thing, you are now giving us this one as what will enhance the economy of Niger and Nigeria, while the economy of Nigerians especially those who have the containers and who are always on the road are given a narrow gauge rehabilitation.”
Similarly, Danjuma Goje, said, “I concur with you because we have consistently challenged the minister.
“Why will you give those of us from the eastern part of Nigeria, from South-East, North-Central, North-East the archaic, old modern narrow gauge, then you are now spending a lot of money to do the modern standard gauge to another country.
“Are people from the South-East, North-Central and North-East not Nigerians? Why should there be double standard in this matter?
“That is why we are quarreling. You are telling us you are designing Ibadan to Abuja, you are doing Kaduna to Kano, you are doing Abuja to Itakpe and to Warri.
“What wrong did the South-East, North-Central and North-East, particularly the South-East, Benue, Plateau, Taraba, Bauchi, Gombe, Borno and Adamawa. What is wrong with us?
“Are we not Nigerians? I completely concur with Honourable Pat Asadu, 100 per cent.”
Ameachi, while responding to issue raised by the committee, said the difference between the narrow gauge and standard gauge was speed, adding that the country might not get the money to build standard gauge across the country.
He said that the negotiation for loan for the construction of Kano- Maradi standard gauge line was about to be completed.
He also clarified that his ministry was yet to get money for Kano-Kaduna, Port Harcourt-Maiduguri railway projects.
On the economic justification for constructing the $1.3bn Kano-Maradi rail, Ameachi said the project was not based on sentiments but economic benefits for the country.
Business
Naira depreciates again, trades at N1,402/$
Naira depreciates again, trades at N1,402/$
The Nigerian currency, naira, on Thursday slightly depreciated at the official market, trading at N1,402.67 to the dollar.
Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the naira lost N11.71
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This represents a 0.84 per cent loss when compared to the previous trading date on Tuesday April 30, when it exchanged at 1,390.96 to a dollar.
However, the total daily turnover increased to 232.84 million dollars on Thursday, up from 225.36 million dollars recorded on Tuesday.
Meanwhile, at the Investor’s and Exporter’s (I&E) window, the naira traded between 1,445.00 and N1,299.42 against the dollar.
Naira depreciates again, trades at N1,402/$
Auto
Appeal court takes over NURTW case as NIC withdraws
Appeal court takes over NURTW case as NIC withdraws
The National Industrial Court has withdrawn from a case involving Alhaji Najeem Usman Yasin, Board of Trustees chairman of the National Union of Road Transport Workers (NURTW), and Alhaji Tajudeen Ibikunle Baruwa’s ambition to return as president of the union over lack of jurisdiction.
The industrial court’s decision was made to avoid conflict with the Court of Appeal, where the matter is already being heard.
Before the NIC announced its decision to hands-off the case, the defendants’ counsel, Mr. O.I. Olorundare SAN, had informed the court that the matter is currently before the Court of Appeal, Abuja division, and that the industrial court could not continue to adjudicate on the same matter.
The counsel cited authorities to support his claim, adding that the National Industrial Court does not have concurrent jurisdiction with the Court of Appeal.
The presiding judge, O.O. Oyewunmi, struck out the case, stating that the Appeal Court had taken over the matter and that the Industrial Court must respect the hierarchy of courts.
Alhaji Yasin and six others took the case to the Appeal Court, challenging the decision of the industrial court recognising a delegates’ conference held on May 24, 2023, where Baruwa was proclaimed as President of the union for a second term in office.
With the latest NIC judgement, both parties will now proceed to defend their positions at the Court of Appeal and await the final judgement.
Business
Multichoice shuns court order, proceeds with increase of DSTV, Gotv packages
Multichoice shuns court order, proceeds with increase of DSTV, Gotv packages
Despite the intervention of the CCPT, Multichoice Limited has proceeded to increase packages price for DSTV and GOTV as announce on Wednesday last week.
Newstrends had earlier reported that the corporation announced that the new rates will go into effect on Wednesday, May 1, 2024, in a statement.
Meanwhile, on Monday, MultiChoice Nigeria Limited was ordered by the Competition and Consumer Protection Tribunal (CCPT) in Abuja to suspend the planned prices and tariffs hike on packages and services.
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The three-member tribunal, presided over by Saratu Shafii, gave the interim order following an ex-parte motion moved by Ejiro Awaritoma, counsel for the applicant, Festus Onifade.
News prices includes: DStv, Premium bouquet, the price moved from N29,500 to N37,000; Compact+ from N19,800 to N25,000; Compact from N12,500 to N15,700; Confam from N7,400 to N9,300, among others.
For GOtv users, Supa+ increased from N12,500 to N15,700; Supa moved from N7,600 to N9,600; Max from N5,700 to N7,200; Jolli, from N3,950 to N4,850, among others.
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