Business
Sanwo-Olu moves to stop Tinubu, other ex-govs, deputies’ pensions
Former governors and deputies including Bola Tinubu, Babatunde Fashola and Akinwunmi Ambode, may no longer enjoy pensions if plans to repeal the Public Office Holder (Payment of Pension Law 2007) sail through.
The Lagos State Governor, Babajide Sanwo-Olu, gave the hint on Tuesday when he announced his intention to repeal the Public Office Holder (Payment of Pension Law 2007), which provides for payment of pension and other entitlements to former elected governors and their deputies.
The governor made this known on Tuesday while presenting the 2021 budget to the Lagos State House of Assembly.
He said the bill for that purpose would be sent to the state assembly.
“Mr. Speaker and Honourable members of the house, in the light of keeping the costs of governance low and to signal selflessness in public service, we will be sending a draft executive bill to the House imminently for the repeal of the Public Office Holder (Payment of Pension Law 2007), which provides for payment of pension and other entitlements to former governors and their deputies,” Sanwo-Olu said.
According to the Lagos Pension Law approved by former Governor Bola Tinubu in 2007, a former governor will enjoy the following benefits for life: Two houses, one in Lagos and another in Abuja; even as property experts estimate such a house in Lagos to cost about N500 million and that in Abuja to cost about N700 million.
Other entitlements include: Six brand new cars, replaceable every three years; furniture allowance of 300 per cent of annual salary to be paid every two years; and a pension of N2.5 million monthly amounting to about N30 million pension annually.
The former governor will also enjoy security details, free medicals including for his immediate families.
Other benefits are house maintenance worth 10 per cent of his annual pension; 30 per cent car maintenance; 10 per cent entertainment; 20 per cent utility, and several domestic staff.
Should the new arrangement succeed in Lagos, it would only be following a similar step taken by the Kwara State in 2018 when the state House of Assembly passed an amendment bill halting payment of pensions to former governors, deputy governors, and other political office holders after their tenure.
Former governors and their deputies from almost in all the 36 states of the federation enjoy similar jumbo pay.
A recent report by Blueprint newspaper catalogues a number of states where such largesse in the name of pensions for political office holders after leaving office is ‘legitimised’.
For instance, the report states in Rivers State, the law provides 100 per cent of annual basic salary for ex-governor and deputy; one residential house for former governor to be located anywhere of his choice in Nigeria; one residential house anywhere in Rivers state for the deputy; three cars for the ex-governor every four years; and two cars for the deputy every four years.
Furniture allowance for the governor is 300 per cent of annual basic salary every four years en bloc; as well as 10 per cent as house maintenance allowance.
In Akwa Ibom, the law provides for N200 million annual pension to ex governors and deputies. They enjoy a pension, for life, equivalent to the salary of the incumbent governor and deputy governor respectively.
Similarly, they are entitled to new official car and utility vehicle every four years; one personal aide and provision of adequate security; a cook; chauffeurs and security guards for the governor at a sum not exceeding N5 million per month and N2.5 million for the deputy governor.
There is also free medical service for governor and his spouse at an amount not exceeding N100 million for the governor per annum and N50 million for the deputy governor.
Also, there is a five-bedroom mansion in Abuja and Akwa Ibom and allowance of 300 per cent of annual basic salary for the deputy governor.
The ex-governor also takes a furniture allowance of 300 per cent of annual basic salary every four years in addition to severance gratuity.
The Kano State Pension Rights of Governor and Deputy Governor Law 2007 provides for 100 per cent of annual basic salaries for former governors and their deputies, with a furnished office as well as a six-bedroom house, ‘well-furnished’ four-bedroom for deputy, plus an office.
The former governor is also entitled to free medical service along with his immediate families within and outside Nigeria where necessary. It is same for deputy.
Two drivers are also part of the former governor’s entitlement and a driver for his deputy; and personal staff below the rank of a Principal Administrative Officer and a PA not below grade level 10. There is a provision for a 30-day vacation within and outside Nigeria.
In Gombe, there is N300 million executive pension benefits for the ex-governor.
The Zamfara version of the law, signed in 2006, gives former governors pension for life; two personal staff; two vehicles replaceable every four years; two drivers; free medicals for the former governors and deputies as well as their immediate families in Nigeria or abroad.
The law also gives the former governors a four-bedroom house in Zamfara and an office, free telephone and 30 days paid vacation outside Nigeria.
In Sokoto, former governors and deputy governors are to receive N200 million and N180 million respectively, being monetisation for other entitlements which include domestic aides; residence and vehicles; that could be renewed after every four years.
Section 2 (2) of the Sokoto State Grant of Pension, Governor and Deputy Governor, Law, 2013, states that “the total annual pension to be paid to the governor and deputy governor, shall be at a rate equivalent to the annual total salary of the incumbent governor or deputy governor of the state respectively.”
Auto
Coscharis Motors launches new Renault Taliant at Abuja Motor Fair
Coscharis Motors launches new Renault Taliant at Abuja Motor Fair
One of the highlights of the just concluded Abuja International Motor Fair was the unveiling of a new model of Renault, Taliant, into the Nigerian market.
Coscharis, a leading automobile dealer and exclusive representative of the Renault brand in Nigeria, says the introduction of the new Renault model is a demonstration of its industry leadership and commitment to delivering quality, efficiency and innovation.
It said the event provided the rare opportunity to showcase the Taliant’s impressive features to lovers of new vehicles in Abuja, the nation’s capital.
Speaking at the event, Leticia Onuzulike, Branch Manager, Coscharis Motors Abuja, highlighted the Taliant’s unique features such as fuel efficiency, safety, comfort, ample storage capacity, high ground clearance, and a reliable suspension system.
Addressing the pressing concern of high fuel costs, Onuzulike said, “The major challenge amongst automobile enthusiasts in our market right now is the high cost of fueling their cars.
“Taliant has come to address that with its 1.0-litre turbocharged engine. This means that Taliant consumes far less fuel per kilometres compared to other cars in its class, helping you save significantly on fuel expenses.”
As part of the launch, Onuzulike announced an exclusive 10% discount for customers purchasing the Taliant or any other Renault variant displayed during the fair.
Director General of the National Automotive Design & Development Council (NADDC), Joseph Osanipin, commended Coscharis Motors for introducing the Taliant to the Nigerian market.
He advised the company to consider local assembly of the Taliant, stating: “Local assembly can reduce the car’s price, making it more affordable while boosting the local spare parts industry and creating jobs. NADDC is ready to partner with Coscharis to make this happen.”
The Taliant’s fuel efficiency was also applauded by CP James Nwokolo, Head of Transport, Force Headquarters, who spoke on its potential to reduce fleet operating costs.
He said, “The Taliant’s 1.0-litre turbocharged engine is a game-changer for fleet operators.
“This innovation will significantly cut fuel expenses, which is highly desirable in today’s economy.”
Brand Manager, Renault at Coscharis Motors Plc, Felix Mahan, announced that the auto firm had introduced a customer-friendly financing option through Coscharis Mobility.
He said, “With Coscharis Mobility, customers can access financing to purchase the Renault Taliant or other variants.
“This allows them to drive their car home immediately while arranging a flexible repayment plan that suits their convenience.”
Mahan also assured customers of exceptional aftersales support.
He said, “Coscharis Motors is fully equipped to handle all aftersales issues for the Taliant.
“With OEM-trained technicians, advanced tools, and readily available spare parts, our service centers across the country are prepared to meet all customer needs.”
According to the firm, Renault Taliant, designed with a muscular and dynamic exterior, combines innovation and elegance.
It says the vehicle striking C-shaped LED daytime running lights and sharp design lines exude confidence and set new standards in its class.
The Taliant is said to be available in two variants: Evolution and Techno, each offering unmatched value and performance.
L-R: Senior Sales Executive, Coscharis Motors Plc, Mrs. Patience Ugochukwu; Director General, National Automotive Design & Development Council, NADDC, Mr. Joseph Osanipin; Head, Auto Care/Consumer Products Division, Coscharis Motors Plc, Dr. Uzor Obuzor; Managing Director, BKG Exhibitions Ltd, Mr. Ifeanyi Agwu, during the unveiling of the new Renault Taliant, by Coscharis Motors Plc, at the Abuja International Motor Fair, in Abuja, recently.
Aviation
Aero slashes airfare to N80,000 on all local routes
Aero slashes airfare to N80,000 on all local routes
Fears of an increase in airfare during the Yuletide trips may have been alayed as Aero Contractors has announced a reduction in its fares for all travellers on domestic routes this period.
It said on Tuesday that’s travellers would pay a minimum of N80,000 for local flights this festive season.
Managing Director of the airline, Ado Sanusi, announced this at a press conference on Tuesday, adding that the ticket price would apply to all Aero’s routes.
Sanusi said through the gesture billed to end in January next year, the company aimed to give back to Nigerians and support them the during the Christmas season.
Aero’s economy ticket to Abuja from Lagos was N99,643, while business class ticket stood at N189, 167, before the airfares reduction.
Sanusi said, “We have understood the pains Nigerians have been going through because of the economic hardship, the high prices of tickets, and the holiday season is nearby.
“So, Aero contractors has decided to announce a Christmas initiative, we call them, pocket-friendly Christmas prices.
“These prices are designed to allow Nigerians to travel to all our destinations without paying too much. And this is in the spirit of giving, which is the spirit of Christmas.
“We believe that as a company, this is just a very old history of understanding its customers. We believe it’s time for us to give back to our customers.
“Our prices will start from N80,000 to all of our destinations, and we intend to make it affordable to flying public.
“And this is to allow the flying public/families to meet their loved ones during this Christmas season.”
Sanusi said the aviation firm had studied the economic situation of the country, stressing that Aero would still be profitable with the price cut.
He also said the three aircraft in the company’s fleet would be sufficient for all its operations.
The managing director urged other airlines in the country to also “give back to the customers”.
Auto
NAJA 2024 Auto Awards: Mitsubishi, JAC, Maxus challenge Toyota Hilux in pickup contest
NAJA 2024 Auto Awards: Mitsubishi, JAC, Maxus challenge Toyota Hilux in pickup contest
Will Mitsubishi L200 upstage Toyota Hilux as Nigeria’s Pickup of the year at the NAJA (Nigerian Auto Journalists Association) 2024 Auto Awards?
JAC T8 and Maxus’s T60 are two other strong contenders nominated along Mitsubishi L200 and Toyota Hilux for the coveted pickup of the year award this year.
This event, slated for December 11, 2024, is expected to highlight innovative designs, advanced technology, and the evolving preferences of Nigerian consumers in the utility vehicle segment.
Toyota’s Hilux, a household name synonymous with durability and performance in Nigeria, has historically held a strong grip on the pickup category.
However, competitors like Mitsubishi’s L200, JAC’s T8, and Maxus’s T60 are aiming to disrupt the market with offerings that promise superior value, innovative features, and competitive pricing.
The Mitsubishi L200 is entering the competition with a bold redesign, a robust turbo-diesel engine, and a reputation for reliability. The model boasts a sleek exterior, reinforced chassis, and cutting-edge safety features tailored for both urban and off-road environments.
Mitsubishi is also emphasizing fuel efficiency and a spacious interior to attract a broader consumer base, from businesses to adventure seekers.
Ford Ranger and Mitsubishi L200 have consistently challenged the Hilux.
But with innovations and strategic market moves, JAC and Maxus are positioning their pickup models as serious contenders in this competitive space.
JAC and Maxus are introducing alternatives that are generating buzz at the 2024 NAJA Auto Awards, which celebrate outstanding achievements in the Nigerian automobile industry.
JAC’s T8 pickup and Maxus’s T60 are being touted as key challengers to Toyota’s stronghold. Both brands have focused on blending modern technology, durability, and affordability to appeal to Nigerian consumers, particularly small business owners, fleet operators, and those seeking a vehicle that balances performance with cost-effectiveness.
The JAC T8, known for its sleek design and robust performance, has attracted attention with its impressive features and value proposition.
Experts believe that its combination of power, modern aesthetics, and an affordable price point could give the Toyota Hilux a run for its money.
Maxus, a subsidiary of the Chinese automotive giant SAIC Motor, has also emerged as a formidable player in the Nigerian pickup truck segment with the T60.
Maxus’s T60 offers a spacious cabin, impressive towing capacity, and a solid build designed for the Nigerian terrain.
The brand’s marketing strategy focuses on durability, fuel efficiency, and cutting-edge technology—attributes that could redefine the expectations for pickup trucks in the country.
While the nominees for the flagship “Car of the Year” category are still under wraps, other category contenders have been unveiled. These nominations highlight the industry’s best in manufacturing, innovation, and service delivery.
In the Heavy-Duty Truck of the Year category, JAC, FAW, and Howo Sinotruk are set for a fierce contest.
The Assembly Plant of the Year for cars sees local players Innoson Vehicle Manufacturing, GAC Motors, and Mikano Motors competing for the top spot.
Similarly, Lanre Shittu Motors (LSM), Dangote Sinotruk West Africa Ltd, and Perfection Motors are vying for supremacy in the Truck Plant of the Year category.
Chisco Transport, GUO Transport Company and Okeyson Transport have been shortlisted for the transport company of the year award.
The Mini-Bus Assembly Plant of the Year includes nominees such as Jet Systems, Innoson, and Nord, while the Product Launch of the Year features entries like the Toyota Land Cruiser Prado, Toyota Rumion, Toyota Belta, and the Suzuki Vitara.
Luxury enthusiasts will see Mercedes Benz S-Class as a strong contender for Luxury Brand of the Year, while Mercedes Benz GLE, BMW X7, and Range Rover Autobiography are competing in the Luxury SUV of the Year category.
In the Compact SUV of the Year, nominees include the Kia Sonett, Changan CS35, and Hyundai Venue, while the Toyota Land Cruiser Prado, Chery Tiggo Pro 2, and Nord A9 are vying for the Outstanding Entrant of the Year.
Theodore Opara, Chairman of the awards committee, explains the growing significance of these awards, saying, “Winning a NAJA Award is not just about prestige; it’s about solidifying a brand’s position in an increasingly competitive and challenging market.”
According to Mike Ochonma, NAJA Chairman, “Brands that were previously not dominant in the market are now making bold moves through customer engagement and leveraging digital platforms to enhance the purchasing experience.”
-
metro12 hours ago
Building collapse: Lagos BCPG takes campaign to block makers, holds practical demonstration Wednesday
-
Politics2 days ago
2027: Ambode’s Lagos gov campaign poster surfaces
-
metro12 hours ago
JUST IN: Police arrest Obi loyalist, Dele Farotimi, over alleged UBA Chairman Elumelu’s petition
-
metro1 day ago
In biggest assets recovery, govt official forfeits estate with 753 duplexes to EFCC
-
metro1 day ago
Nigerian actress joins US Army
-
News2 days ago
We were living ‘fake life’ before fuel subsidy removal, Forex rate unification – Tinubu
-
metro2 days ago
Robbers attack Nigerian football club travelling for league match
-
International3 days ago
Sex workers get maternity leave, pensions in Belgium under new law
You must be logged in to post a comment Login