Minister inspects Nigeria-assembled CNG buses, says transport costs to drop – Newstrends
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Minister inspects Nigeria-assembled CNG buses, says transport costs to drop

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CNG buses

Minister inspects Nigeria-assembled CNG buses, says transport costs to drop

Ahead of the roll-out of compressed natural gas (CNG)-powered mass transit buses meant for commuting nationwide, Finance Minister and Coordinating Minister of the Economy, Mr Olawale Edun, has inspected the assembly plant where the vehicles are being put together.

He expressed optimism that the buses when they hit the road would ease transportation and lead to a substantial slash in fares.

He expressed this view during his visit to the JET Motor Company Assembly Plant in Lagos.

The CNG buses are being mass produced under the Presidential CNG Initiative (PCNGi) as part of measures to reduce the high cost of living and curb inflation after the removal of fuel subsidy.

The Federal Government has promised to launch the first set of the CNG buses and tricycles by the end of this month (May).

Senior Special Assistant to the President on Media and Publicity, Temitope Ajayi, quoted the minister as saying, “I have come to see the CNG buses that Nigerians are asking about. I have seen them. “I have tested them and driven them. I have seen them being assembled. The benefits will soon be available to Nigerians.”

Edun highlighted the significant cost savings that CNG buses offer compared to their petrol-powered counterparts.

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“Two critical aims will be achieved. Whereas it costs about N55,000 to fill a 15-20 seater bus with petrol, it will cost between N12-15,000 to fill a CNG bus of the same capacity. This is three times, if not four times less.

“This is a huge savings that will help reduce transport costs and at the same time help reduce inflation,” he said.

According to him, the PCNGi is all about mass transit that is affordable, and praised JET’s employment of local talents in the assembly of the vehicles.

The Chairman and founder of JET, Chidi Ajaere, took the minister round the assembly plant during the visit.

Also on hand were the CEO of JET motor company, Engr Derek Ewelukwa, and other members of the JET team such as Sanjay Rupani of the Technical Development Department and Ebimo Ofongo, the plant manager.

Present also were Tosin Coker, Commercial Director at the PCNGi, and Joseph Osanipin, Director-General of the National Automotive Development and Design Council.

Ajaere commended President Bola Tinubu for his initiative in promoting local production of the CNG vehicles and the entire PCNGi team’s resolve to make the project a success.

JET was established in 2018 to build Electric Vehicles (EV) vans, pickups and CNG/Petrol buses tailored to meet Nigeria’s unique transportation needs.

Minister inspects Nigeria-assembled CNG buses, says transport costs to drop

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Senate okays bill for foreigners in Nigeria to obtain NIN

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Senate okays bill for foreigners in Nigeria to obtain NIN

The Senate has advanced a bill to grant all residents, including foreigners, the right to obtain and use the National Identification Number (NIN) sponsored by Deputy Senate President Barau I.

Jibrin (Kano North), the bill also aims to replace criminal penalties with administrative measures to ensure compliance without severe legal consequences.

Senator Cyril Fasuyi (Ekiti North) presented the bill’s principles, emphasizing the need to repeal the current Act and establish a new regulatory framework for the National Identity Management Commission (NIMC) to enhance its oversight and regulation of Nigeria’s ID system.

“The bill’s objectives include expanding the eligible registrants under the Nigeria ID System to achieve inclusivity and universal coverage,” Senator Fasuyi explained.

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“It allows all residents in Nigeria to obtain a National Identification Number (NIN) for official identification purposes.”

Furthermore, the bill proposes streamlined sharing of personal data with robust data protection measures to safeguard privacy and foster public trust in data handling.

It also enhances administrative enforcement powers to ensure timely compliance with ID registration requirements.

Importantly, the bill advocates for replacing criminal penalties with administrative measures for non-use of NIN, aiming to encourage compliance without burdening individuals with severe legal consequences.

After debates, the Senate proceeded to pass the bill, marking a significant step toward potential reforms in Nigeria’s identity management system.

Senate okays bill for foreigners in Nigeria to obtain NIN

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I never lobbied to extend my tenure — IGP Egbetokun

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Inspector-General of Police (IGP), Kayode Egbetokun

I never lobbied to extend my tenure — IGP Egbetokun

The Inspector General of Police, Kayode Egbetokun, has debunked reports alleging that he has been lobbying the National Assembly to tamper with the Nigeria Police Act 2020 to elongate his tenure and year of service of personnel in the force.

Force Public Relations Officer, ACP Olumuyiwa Adejobi, disclosed the IGP’s denial in a statement, saying it is vital to clarify unequivocally that the bill was originally introduced during the 8th Assembly but did not progress beyond the initial stages before the Assembly’s dissolution.  It is standard legislative practice to review and update laws to align with current national realities.

The proposed amendment seeks to extend the years of service for police officers from 35 to 40 years, and the age limit from 60 to 65 years.

Adejobi said:  “The Nigeria Police Force is deeply perturbed by the dissemination of false information across various media platforms, notably the distorted publication by an online media, regarding the proposed amendment to the Nigeria Police Act 2020.

“The misleading publications alleged that IGP Kayode Adeolu Egbetokun personally initiated this bill to prolong his tenure as the 22nd indigenous Inspector General of Police, and has allegedly invested significantly in lobbying lawmakers to facilitate its passage.’

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Egbetokun decried a situation where certain media outlets and their sponsors had chosen to propagate baseless accusations, ignorantly disregarding the fact that any modification to existing legislation was designed to enhance its effectiveness and relevance.

The statement read: “To understand the true motivations behind this initiative, one needs only look at the Inspector General of Police steadfast commitment to reforming the Nigeria Police Force.

“His advocacy for this bill stems from a genuine belief in its potential to improve the conditions of service for police officers and thereby bolster security nationwide, rather than seeking personal gain. It comes from the place of duty rather than benefit.“

“Furthermore, it is important to note that the tenure of an Inspector General of Police is already prescribed as four years, with the President being the sole authority empowered to remove an IGP before the completion of his tenure.

”Furthermore, the Nigeria Police Force called on the public to exercise caution and discernment when consuming information, particularly from sources known for sensationalism and unverified claims.

“Such misinformation not only misleads but also detracts from constructive dialogue and efforts towards meaningful police reform.”

I never lobbied to extend my tenure — IGP Egbetokun

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Despite generating $1tn in 40 years, Nigeria’s debt rose to $91.46bn — Agbakoba

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Dr. Olisa Agbakoba

Despite generating $1tn in 40 years, Nigeria’s debt rose to $91.46bn — Agbakoba

Human rights activist and senior lawyer, Dr. Olisa Agbakoba, SAN, yesterday, said Nigeria’s public debt rose to $91.46 billion (N121.67 trillion), despite its ability to generate $1 trillion in 40 years.

Agbakoba identified the alleged exclusion of Nigerians from key value chains, weak enforcement of local content laws, incorporation of foreign agreements, tax avoidance and corruption as possible reasons for the development.

He also called for the implementation of new measures, including the increase of Nigerians’ participation in legal services, shipping, banking, insurance, drilling, oil field services and engineering within the oil and gas industry.

In his presentation, titled ”The Paradox of Nigeria’s Oil and Gas Industry: A Policy Paper”, at an engagement with the media in Lagos, Agbakoba, said: “Over the past 40 years, the cumulative revenue from oil and gas has exceeded $1 trillion, an amount that should have been sufficient to transform the nation’s economy and infrastructure.

“Yet, Nigeria consistently resorts to borrowing, with the total public debt standing at N121.67 trillion ($91.46 billion) as of March 31, 2024, according to the Debt Management Office, DMO.

“There are 36 value chains related to crude oil exploration, with at least seven crucial ones largely excluding Nigerian participation: Legal, shipping, banking, insurance, drilling, oil field services, engineering and construction.

“Over $1 billion worth of legal work is lost to foreign firms annually due to a perception of superior expertise and international experience.

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“Nigerian shipping companies are not engaged to ship crude oil products due to the absence of a legal framework for developing a national fleet of vessels, leading to significant loss of potential revenue and employment opportunities.

“Funds from crude oil production are often domiciled in foreign banks, sometimes held for months before remittance to the Central Bank of Nigeria, depriving Nigerian banks of substantial business and the economy of potential multiplier effects.

“The Nigerian insurance industry plays a very insignificant and limited role in the oil and gas Industry.

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