Apapa gridlock beyond traffic management, says FRSC sector commander – Newstrends
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Apapa gridlock beyond traffic management, says FRSC sector commander

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…seeks stakeholders’ support

The Lagos Sector Commander of the Federal Road Safety Corps, Olusegun Ogungbemide, has said the Apapa gridlock is a complex situation that requires continuous support of stakeholders in the transport sector to fully address.

He notes that the gridlock is beyond traffic management.

He stated this when the Transport Correspondents Association of Nigeria, Lagos chapter, visited the command at Ojodu, Lagos, on Thursday.

He said if all transport stakeholders collaborated with government officials, the gridlock would be a thing of the past.

He said enforcement could only take care of 15 per cent of traffic challenges, adding that collaboration with stakeholders would go a long way in solving the challenges in the state.

Ogungbemide said, “The problem of Apapa is beyond traffic management; we have economic boom but no boom for individuals in terms of infrastructure.

“A family of four can have their four cars parked along the road in front of their house without a car park. Some trailer operators think of the number of trailers to purchase but not thinking of parks.

“As long as there is the volume of traffic on Apapa routes, the traffic will still persist; Unless there is multi-modern transportation.”

He commended the management of the Nigerian Ports Authority and the Lagos State Government for the introduction of the Traffic Management and Enforcement Compliance Team.

He also lauded the Federal Government for building a new freight rail line directly from the ports, adding that it would help a lot in easing the Apapa gridlock.

The sector commander said the completion of the rehabilitation of the Apapa Tin-Can Island Port road would also help in solving the problem of traffic in Lagos.

Reacting to Monday and Tuesday’s gridlock in Apapa, Surulere and other parts of Lagos, Ogungbemide explained that the truck park at Lilypond was closed, which led to indiscriminate parking of trucks.

He said it was discovered recently that trucks carrying export goods were in large number on Apapa road.

He said the office had suggested that all the truck companies should form an umbrella body to enable government agencies to easily reach out to them.

Ogungbemide said over 89 BRT buses that could convey about 4,450 people got burnt as a result of the end SARS crisis making a lot of people to be stranded.

“The media has been assisting us in our operation and I must commend the collaboration with other transport agencies in Lagos State.

“Lagos State is very dynamic and I have determined to change Lagos traffic positively. Remember the tanker/gas incident at Kara, the press assisted in pushing our efforts, which made people to recognise our presence.”

Ogungbemide appreciated TCAN members for the visit and wished the Chairman of the Association, Mr Dele Aderibigbe, a quick recovery from an accident he had recently in Lagos.

Earlier, the Vice Chairman of TCAN, Benjamin Alade, assured the corps of prompt media coverage of its programmes towards a crash-free state.

 

 

 

 

 

 

 

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Nigeria’s oil production drops by 2.8 million barrels in one month 

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Nigeria’s oil production drops by 2.8 million barrels in one month 

The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has confirmed the data released by the Organisation of Petroleum Exporting Countries (OPEC), indicating a consecutive decline in Nigeria’s oil production for the second month in a row.

According to NUPRC reports, crude drilling operations in March saw a notable decrease, with production dropping from 1.42 million barrels per day (bpd) in January to 1.23 million bpd in March, marking a significant loss of approximately 2.8 million barrels over the month.

Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, acknowledged the declining trend, attributing it to issues on the Trans Niger Pipeline (TNP) and maintenance activities by oil companies in Nigeria during the period.

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However, beyond crude oil, condensate production, which typically falls outside OPEC’s quota calculation, also experienced a decline in March, further exacerbating Nigeria’s overall production slump.

Despite efforts to address the situation and restore production levels, challenges such as oil theft and dwindling investments continue to hinder Nigeria’s ability to meet its OPEC quota consistently.

The repercussions of Nigeria’s reduced production are compounded by surging global oil prices, fueled by escalating geopolitical tensions, notably the looming threat of conflict between Israel and Iran.

Nigeria’s oil production drops by 2.8 million barrels in one month

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Ore extols ex-NURTW President Yasin’s virtues at 68

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Ore extols ex-NURTW President Yasin’s virtues at 68

Acting President of the National Union of Road Transport Workers (NURTW), Alhaji Aliyu Issa Ore, has described the former president of the union, Alhaji Najeem Usman Yasin, as a trade unionist per excellence with worthy administrative experience.
He stated this in his goodwill message on the 68th birthday of Alhaji Yasin
Ore, a former chairman of the Kwara State council of the union, said the achievements he recorded while in Kwara were as a result of quality advice and guidance from Yasin.
Ore explained that Yasin’s tenure as president of the union witnessed tremendous development and growth of the NURTW.
“His tenure as president of the union recorded first-class growth.
“He took the union to the global stage. For the first time, our union became a strong member of International Transport Federation (ITF).
“Apart from getting international recognition, he also built zonal council offices for all the zones. Before he came in, our zonal councils usually operated from rented apartment but his administration acquired land and built befitting zonal offices for all our zonal councils.
“Again, Alhaji Yasin ensured that the national headquarters of the union assisted many state councils to build their own councils secretariat. Through his guidance, most state councils now operate from their own state councils.”
He recalled the peace enjoyed by members of the union under Yasin, saying this ensured that the body had perfect transition arrangements devoid of thuggery and shedding of blood.
“Before he came into office, our election or change of leadership was usually bloody. But he put a system in place that put an end to thuggery and other violence in the union,” he said.
Ore also said Yasin’s tenure boosted the education of members and workers by ensuring that the union secured partnership with National Open University of Nigeria (NOUN) which enabled members to acquire university education.
“Members of staff also enjoyed opportunities to go for training and workshops to boost their knowledge,” Ore stated.
He prayed that Almighty Allah would continue to preserve him to witness more years in good health.

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Naira could trade below ₦1,000/$ – Goldman Sachs

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Naira could trade below ₦1,000/$ – Goldman Sachs

The report, compiled by Goldman Sachs’ economists projected that, with the current upward swing of the naira in the foreign exchange market, the currency may exchange below ₦1,000 per dollar in the coming months.

The firm, in its March projection, said the naira would appreciate to N1,200 per dollar within the next 12 months.

However, it disclosed that the local currency surged 12% against the greenback, adding to a 1% increase in March.

According to the firm, the rally was supported by capital inflows and consecutive interest rate hikes, helping to recover from significant losses following two devaluations since last June.

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Speaking in an interview with Bloomberg on Friday, April 12, 2024, an economist at Goldman Sachs, Andrew Matheny, commended the Central Bank of Nigeria (CBN) for “continuing to hold the line.

“This probably can run further; we would see an extension of the move to 1,000 and maybe even sub-1,000,” Matheny said.

Goldman Sachs’ forecast comes amid a strong rally of the naira at both parallel and official sections of the foreign exchange market.

On Monday, April 8, 2024, the local currency exchanged for ₦1,230.61 at the official market and ₦1,200 at the parallel market.

In the past months, the apex bank has introduced several policy measures aimed at injecting stability into the FX market.

At the same time, the CBN continues to intervene by selling FX to Bureau De Change (BDC) operators at a revised rate, leading to further gains for the naira.

Naira could trade below ₦1,000/$ – Goldman Sachs

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