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FG to tackle flood-prone areas on Lagos-Ibadan rail line, Amaechi says

Published

4 years ago

April 11, 2021

The Federal Government will go the whole distance to put measures in place to address flooding on the Lagos-Ibadan rail line, Minister of Transportation, Rotimi Amaechi has assured.
Addressing journalists in Ibadan during the inspection of the project, Amaechi said the Ministry is keeping its eyes on possible areas of flooding along the line with the aim of ensuring uninterrupted running of train services which flooding can disrupt. This came against the backdrop of compliant by residents of communities along the route of incessant flooding of their environment due to upsurge in rainfall. According to the Minister, “the technical committee will resolve the case of overpass, the problem now is the flooding challenge which we asked the committee to address. Ajegunle community is complaining of the need to build overpass and we cannot build overpass everywhere.

“During the raining season, we will observe where the construction has led to flooding as the citizens that have given us land must enjoy the sacrifice they made and when it happens, we will correct those mistake.” He called on the Ministry of Works and Housing to expidite action on the processes of obtaining approval to construct access roads to the sub-stations along the corridor. “The rains are coming, so you must hasten up with the approval or the construction will linger till after September,” he advised. With work along the route almost completed, lack of access roads to the stations especially in Ogun and Oyo states remain a cause of worry. Nevertheless, Amaechi assured that a date for commissioning of the project is on the verge of approval by President Muhammadu Buhari. “If you look at level of work now, we cannot ask the president to commission this, but once we give the China Civil Engineering Construction Corporation, CCECC definite time, I know they will speed up. “There are some minor things they still need to put in place but it’s taking them time to do that. Some of those things should not take more than a day or two to put in place. So I am not so worried. “On port, I have asked the permanent Secretary to discuss with the Nigerian Ports Authority, NPA, as tanker drivers disrupted the movement of train into the port recently and we have to stop them now, or we stop the owner of that terminal,” he added. On the slow pace of work, Amaechi said at this point “we can say to ourselves that we have tried from coverting a bush into usage that will grow the Nigerian economy. For CCECC, I am sick and tired of them and that is why I asked them to see us on Wednesday. Although, most of the things remaining are minor and cannot delay the movement of goods. They have promised to finish up by the end of the month.” The Minister was accompanied on the inspection tour by Dr Magdalene Ajani, Permanent Secretary, Ministry of Transportation; Engr Fidet Okhiria, Managing Director, Nigeria Railway Corporation, NRC; Eric Ojiekwe, Director, Press and Public Affairs at the Ministry and top officials of the NRC.
-Vanguard

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CBN fines bank found hoarding cash N150m

Published

3 hours ago

December 22, 2024

Trends Admin

CBN fines bank found hoarding cash N150m

The Central Bank of Nigeria (CBN) has imposed a N150 million fine on a commercial bank for failing to dispense cash through its Automated Teller Machines (ATMs).

This action follows an unannounced inspection by the apex bank, which uncovered deliberate cash hoarding and ATM manipulation by the erring bank.

Sources within the CBN revealed that the sanctioned bank was caught disabling its ATMs, thereby denying customers access to their funds while prioritizing cash disbursements to select VIP clients.

A staff member of the CBN stressed that the apex bank would not tolerate such practices.

“The Bank will not spare any Deposit Money Bank (DMB) caught in the act of hoarding cash or found favoring VIP customers over other customers,” the official stated.

To this end, the CBN has intensified spot checks on banks nationwide, exposing various illicit cash-handling practices by some unscrupulous financial institutions.

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For now, the CBN is imposing financial penalties on defaulting banks. However, according to the official, the next phase of enforcement will include publicly naming and shaming offending banks and prosecuting implicated bank officials.

“This fine is just the beginning. The CBN is determined to hold banks accountable for any actions that undermine public trust and the integrity of the banking system,” the official added.

Despite the ongoing challenges, the CBN has reiterated its commitment to promoting cashless banking in the country.

Another senior official disclosed that the apex bank’s management is intensifying efforts to encourage the use of electronic channels for transactions.

“The frustration faced by account holders is undermining our push for a cashless economy. We are doubling down on initiatives to restore public confidence in electronic banking solutions,” the official said.

CBN fines bank found hoarding cash N150m

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Three days to Christmas, food prices, transport fares hit the roof

Published

3 hours ago

December 22, 2024

Trends Admin

Three days to Christmas, food prices, transport fares hit the roof

According to the Universal Declaration of Human Rights ,UDHR, Article 25(1), everyone has the right to standard of living adequate for their health and well-being, which includes access to food, clothing, and housing.

Similarly, the International Covenant on Economic, Social and Cultural Rights ,ICESCR, Article 11 emphasizes the right to an adequate standard of living, including sufficient food.

Furthermore, the Covenant recognizes the fundamental right to be free from hunger and advocates for measures both individual and international to eliminate hunger.

It is widely acknowledged that inadequate food availability can lead to health issues, as food is as essential to health as air is to breathing.

The situation is exacerbated by the rising costs of healthcare, which are increasingly out of reach for many due to ongoing inflation.

Difficult situations

In Nigeria, harsh economic conditions are forcing households into difficult situations, with many going to bed hungry due to skyrocketing food prices. With Christmas just three days away, our correspondents visited local food markets in Lagos and Abuja to see how citizens are coping with the rising cost of goods and services.

In the locations, buyers and sellers expressed their frustrations over the increasing prices of food items.

At Agric Market in Ikorodu, Mummy Somto, lamented that she had never witnessed such high prices in her lifetime.

She noted that a chicken that cost N15,000 last year now sells for N35,000, with only older layers available for N15,000.

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“What will that do for my family? We have never seen it like this in Nigeria. I hope this hope is the hope,” she said.

At Mile 12 International Market, trucks filled with perishable goods such as tomatoes, peppers, onions, cucumbers, potatoes, carrots, cabbages, and other vegetables were lined up for unloading while eager buyers waited nearby.

When asked about the high prices despite the abundance of food, truck owner Alhaji Shehu, explained that the situation arose from expenses related to diesel, farm security, police and military checkpoints before reaching Lagos.

He mentioned spending between N500,000 and N800,000 per truck, which inevitably raises prices.
“This is our business, and we are not pleased with the high costs either. If I sell my goods, I still need to buy what I don’t sell. It’s suffocating us. I also commend the buyers,” Shehu added.

Bags of rice

Mrs. Bukky Osagie, a rice vendor at Mike 12, shared her concerns about escalating prices: “Last December, a bag of rice was between N65,000 and N70,000. Today, it’s from N95,000 depending on the brand. Traders are exhausted. People are buying half bags because they can’t afford full ones. They also need to buy additional items. How do people survive this trend? This has to stop if the government truly cares for its citizens.”

At Daleko Market, Mrs. Hannah, was seen pricing vegetable oil when she declared, “Whether the devil likes it or not, we will celebrate with our families and share love during this season. We will just have to adjust our spending according to our means.”

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As of the time of filing this report, a 25-liter container of vegetable oil was selling for between N86,000 and N95,000 depending on the brand.

Garri was priced at N56,000, while Ijebu Gaari was N58,000.

A carton of satchel tomatoes ranged from N8,800 to N9,200 while a pack of spaghetti cost N23,000.
70 grams of noodles were priced between N9,800 and N10,500. A roll of curry or thyme sold for N550 each, while small bulbs of onion reached as high as N200, making them almost unaffordable for many.

Christmas cheer

In Abuja, soaring food prices and steep transportation costs are casting a shadow over Christmas celebrations for many families.

The cost of essential holiday items, such as poultry, has surged, with chickens priced between ¦ 15,000 and ¦ 25,000, and turkeys reaching up to ¦ 130,000 in some markets.

Sunday Vanguard learned that rising feed prices, transportation costs, and supply chain disruptions are driving these increases.

Additionally, a 50-kg bag of rice now costs between ¦ 94,000 and ¦ 125,000, a significant leap from previous months.

Transportation fares have also skyrocketed, with transport fare from Abuja to major cities such as Lagos, Port Harcourt, and Enugu increasing from 15 percent to 35 percent in the past month.

For instance, a trip from Abuja to Lagos by road, which previously cost ¦ 28,000–¦ 35,000, now ranges between ¦ 46,500 and ¦ 60,000.

Three days to Christmas, food prices, transport fares hit the roof

VANGUARD

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Three Ogun varsity students die in auto crash

Published

3 hours ago

December 22, 2024

Trends Admin

Ogun State Command Police Public Relations Officer, SP Omolola Odutola

Three Ogun varsity students die in auto crash

The Police Command in Ogun State has confirmed the death of three university students in a single-vehicle accident on the Ilisan-Ago-Iwoye Road.

In a statement issued on Saturday, the command’s spokesperson, SP Omolola Odutola, revealed that the victims were suspected to be students of Olabisi Onabanjo University (OOU), Ago-Iwoye.

The incident, which occurred around 3:30 p.m. on Friday, involved an Opel car with registration number AAA-126 HE. The vehicle was reportedly driven by Adekunle Adebiyi, a resident of 5 Sunmibare Street, Awa Ijebu.

“The accident was caused by overspeeding, leading to the driver losing control and the vehicle flipping into the bush,” Odutola explained.

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She further disclosed that one male passenger, whose identity is yet to be confirmed but is believed to be an OOU student, died on the spot. His body was taken to the mortuary at General Hospital, Ijebu Ode.

“Two female students from Olabisi Onabanjo University — Dada Oluwanifesimi, 18, and Miracle Daniel, 19 — were rushed to Love and Care Hospital but sadly passed away while receiving treatment,” she added.

The vehicle involved in the crash has been recovered and is now in police custody.

Odutola assured the public that further updates on the tragic incident would be provided and advised motorists to adhere to traffic regulations, particularly during the festive season.