Reps panel summons finance minister, accountant-general over failed mass transit schemes – Newstrends
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Reps panel summons finance minister, accountant-general over failed mass transit schemes



Reps panel summons finance minister, accountant-general over failed mass transit schemes

Minister of Finance, Wale Edu, and Minister of Trade and Investment, Doris Uzoka-Anite, are to appear before the House of Representatives committee investigating failed mass transit schemes in the country.

The committee also summoned Oluwatoyin Madein, accountant-general of the federation, and Folasade Yemi-Esan, head of civil service of the federation.

Chairman of the committee, Afam Ogene  issued the summon on Wednesday during a public hearing at the National Assembly, Abuja.

The committee said many mass transportation schemes initiated by the Federal Government had failed as a result of a lack of proper oversight by the supervisory authorities.

Ogene said the invited government officials were required to furnish the committee with information about the disbursement of funds for the various mass transit schemes which are not in operation.

The lawmaker said the committee was determined to ensure that all previous funds that “have gone out to different private operators of mass transit schemes are recovered and properly accounted for”.

He asked the clerk of the committee to invite the managing director of the Infrastructure Bank to also appear before the lawmakers.

“Let me warn that this invitation is not frivolous, this is an invitation extended to them by the house of representatives of the Federal Republic of Nigeria,” he said.

“If for any reason, any of them fail to honour this invitation, we shall invoke the full power of this committee as enshrined in the constitution of the Federal Republic of Nigeria as amended.”

On Tuesday, the committee met with Nyesom Wike, minister of the federal capital territory (FCT), and promised to support efforts to revamp and reorganise the Abuja transportation system.


Updated: FG, NURTW set to launch CNG initiative in Lagos



Updated: FG, NURTW set to launch CNG initiative in Lagos

The Federal Government in collaboration with the National Union of Road Transport Workers (NURTW) will Saturday launch the highly anticipated Compressed Natural Gas (CNG) initiative in Lagos State.

Apart from rolling out CNG-powered vehicles, the government has also unveiled plans to convert one million petrol and diesel vehicles to run on CNG.

Commuter vehicles belonging to members of recognised transport associations including NURTW are to be converted free of charge with FG bearing the cost 100 per cent.

The CNG initiative was first launched in Kaduna State, while the Lagos version is next in line for the roll-out.

This initiative aims to provide a cleaner, safer and more cost-effective alternative to traditional fuels for the transportation sector.

Speaking on the project, Chairman, Board of Trustees (BOT) of the NURTW, Alhaji Najeem Usman Yasin, said the CNG initiative is expected to significantly reduce greenhouse gas emissions, improve air quality, and enhance the overall transportation experience for millions of Nigerians.

He added that the project would create new job opportunities, stimulate economic growth, and contribute to the country’s sustainable development goals.

According to him, the Federal Government and NURTW have been working tirelessly to ensure the successful implementation of this project.

The launch event will be attended by dignitaries from the government, transportation sector, and other stakeholders.

With the CNG initiative, Nigeria is poised to join the ranks of countries leading in sustainable energy solutions.

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Carloha to gift ILOTBET UEFA EURO 2024 Winner Chery car



Carloha to gift ILOTBET UEFA EURO 2024 winner Chery car

A lucky person will on Thursday July 18 be presented with a brand new Chery vehicle for accurately predicting the teams qualifying from the group stage of the recently concluded UEFA EURO 2024 Championship.

The winner will be rewarded with a brand new Chery Tiggo 2 Pro, a stylish and versatile cross-over vehicle, known for its exceptional performance and advanced features.

Carloha Nigeria disclosed this in a pre-event press release obtained on Monday from the company.

It is the fallout of the partnership between Carloha, the exclusive importer and franchisee of Chery vehicles in Nigeria, and ILOTBET, a leading sports business company.

A statement by Caeloha said, “This exciting promotion, which commenced on May 31, 2024, and ended on July 10, 2024, before the beginning of EURO 2024, offers fans the chance to win Tiggo 2 Pro.

“The ‘Predict and Win’ promo invites football enthusiasts to predict the exact bracket of teams qualifying from the group stage of the UEFA EURO 2024 Championship.”

The highlight of this promotion is the prize-giving ceremony of the Tiggo 2 Pro, which will take place at Carloha’s Showroom on July 18, 2024.

This gesture typifies the generosity of Chery Group and its contribution to the development of sports and also its dedication to enhancing the overall fan experience.

“We are delighted to partner with ILOTBET on this innovative promotion that combines the thrill of football with the excitement of winning a fantastic prize,” said Mr. Joseph Omokhapue, the Marketing Director of Carloha Nigeria. “The Chery Tiggo 2 Pro is a perfect match for the energy and enthusiasm of football fans, and we look forward to seeing who will drive away in this smart technology.”

This collaboration with Chery aims to enhance the experience for football fans by offering an enticing incentive to participate in the UEFA EURO 2024 Championship predictions.

According to the firm, the partnership between Chery and ILOTBET brings added excitement to the UEFA EURO 2024 Championship and offers the yearning football fans an incredible opportunity to win a top-of-the-line Chery Tiggo 2 Pro.

“Chery Motors, a leading name in the automotive industry known for its innovation and commitment to excellence, has long been synonymous with high-quality vehicles that combine style, performance, and advanced technology,” the firm added.

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We’re committed to Tinubu’s Pi-CNG initiative, says Cedric Masters Group



We’re committed to Tinubu’s Pi-CNG initiative, says Cedric Masters Group

Cedric Masters Group says it is committed to achieving the mandate of President Bola Ahmed Tinubu towards the conversion of internal combustion engine (ICE) vehicles to Compressed Natural Gas (CNG) considered cheaper and cleaner to run.

Amselm Ilekuba, Chairman and chief executive of the group who disclosed this also said Cedric Masters Group is lucky to be among the first promoters of the Pi-CNG initiative of President Tinubu.

He said apart from creating huge employment for Nigerians with other positive spin-off effects and businesses, he would in collaboration with his technical team transfer the CNG conversion skill acquired at the CNG Centre in Texas, Houston.

This, he pointed out, was one of the core areas that would generate massive jobs for the people.

The Cedric Masters Group boss made this commitment when he received Joseph Osanipin, director-general of the National Automotive Design and Development Council (NADDC), and his team during a facility tour of the upcoming local automobile assembler located along the Lekki-Ajah Expressway, Lagos.

The NADDC DG accompanied by Sani Musa, the director of policy and planning and other staff of the agency, on Monday this week embarked on a tour of some auto assembly plants in the South-West.

Cedric Masters Group is a conglomerate that is also into automobile and component parts.

The company manufactures component parts from its facility in the South-East while for proximity and business expansion purposes, it is setting up its assembly plant in Lagos.

Cedric Autos got the assembly licence with a clear mandate from the NADDC to start rolling out locally assembled vehicles from the plant within 18 months.

Ilekuba expressed delight over the visit by the auto assembly regulatory agency, adding that the physical construction of the plant, the cable laying were in progress.

He said, “I am happy that they have come today to see how far we have gone with the physical construction, the cable laying; the equipment and every other facility has started coming. What we are waiting for now is the installation of all the equipment by our foreign partners.”

The full set of state-of-the-art automobile assembly equipment to be installed comprises automatic assembly line, post floor plate car lift with Solemoid unlock, scissor lift, four post flour plate car lift for 4-wheel alignment, semi automatic tyre changer, wheel balancer, air conditioning handling system and screw air compressor complete set-split type.

Others are movable manual hydraulic jack, foldable shop crane, transmission jack, hand hydraulic table truck, mobile pneumatic oil filling machine, paint spray booth, rear axle distribution rack, cargo lift, component of rain test (water nozzle and booster pump) and forklift.

Meanwhile, Cedric Masters said it started its staff recruitment and training in the past months with payment in preparation for a official roll-out of the brand to Nigerians very soon.

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