Tag: road

  • Re-denomination, road to valuable naira

    SIR: The Nigerian currency has witnessed various forms of evolutions and inventions, but the problem that has accompanied the evolution and has grown into a major nightmare to the entire populace is the continuous loss in value of the naira which has in turn done a lot of damage to the economy both domestically and on the international scene.

    On August 14, 2007, the then CBN Governor, Professor Charles Soludo made a proposal to restructure the naira by dropping two zeros or moving two decimal points to the left which means that the N1,000, N500, N200, N100 notes will become N10, N5, N2 and N1 respectively and the reintroduction of the exiled coin denominations to take effect from August 1, 2008. This was part of the four point agenda set by the CBN aimed at making the Naira the reference currency in Africa as part of the vision 2020.

    The issue of re-denomination of currency is a policy that has been tried in various countries. Re-denomination was done in Turkey in 2005 by removing six zeros due to hyper-inflation and also Ghana in 2007 by removing four zeros. Other countries include; South Africa (1961), Ukraine (1996), Sierra Leone (1964), Sudan (1992), Australia (1966), Uruguay (1993), Bahamas (1966), Russia (1998), Poland (1995), Argentina (1983, 1985, 1992) and Peru (1985, 1991) among others.

    The idea of re-denomination was greeted with various critics and analyses from the populace. The idea was later buried by the then administration of the Umaru Musa Yar’Adua on the basis that the CBN governor was acting on his own without discussing and seeking permission from the presidency and an economic management team was set up to look into the issue with no single CBN member included; not even Charles Soludo himself. Notably, the idea was not widely accepted due to the manner in which the CBN boss announced the policy as it came as a shock to the entire populace and even the government itself.

    Given that the economy has taken a significant downturn due to the continuous decline in value of the naira compared to other foreign currencies i.e. dollar, pound, euro etc which in turn has led to the continuous hike in the prices of commodities and the higher denominations having lower purchasing power with these factors contributing to increased poverty rate, the re-denomination of the naira is mostly needed to increase the value of the naira.

    There is also the need to revive the coin denominations to better handle inflation. The re-introduction of the coins in lower denominations would ensure that there is a significant reduction in prices of commodities as the coin denominations would cater for the lower commodities and better manage inflation expectations. Commodities such as food items, books, accessories i.e. ear rings, necklace, shoes, slippers, phone chargers and other related items can be transacted in coins as the cost of production will be reduced and guarantee a stable market.

    The complicated task of dealing in large volume of denominations and the risk associated with it will be reduced. A commodity that is worth N5,000,000 for instance will be bought for just N50,000 and it will further encourage e-transactions and de-congestion in the banking halls.

    The idea of re-denomination in 2007 was understandably criticised mostly by the rich elite for the fear of reduction in value of their money but this is not the case as N50,000 would command the same value as N5,000,000. The fear of failure of the policy was also muted and why not? It failed six times in Brazil, but we should know that the fear of failure hinders progress.

    The issue of the increment in minimum wage which has become a frequent topic is due to the low purchasing power of higher denominations as a commodity bought for N2,000 five years ago can no longer be bought for N10,000. Re-denomination of the currency would help address the issue of consistent inflation and instability of the market and further aid in foreign exchange management.

    To alleviate poverty, increase the standard of living, control inflation and most importantly increase the value of the Naira, the issue of re-denomination has to be revisited, analysed and employed as the possible road to a valuable naira.

     

    • Adegunle Rotimi,<adegunlerotimi66@gmail.com>
  • Residents seek rehabilitation of market, road

    Residents of Johnson area of Somolu have urged concerned authorities to rehabilitate Somolu market and adjoining road.

    A resident, Ojo Mathew, said: “The market is always rowdy and one has to be vigilant as not to be robbed of one’s belonging. The road so very unkempt, the environment around food shops in the market is very bad and polluted as there are wastes littered around, with odour.”

    “The road in and out of the market is in a terrible shape and there is need to give them a facelift to enhance commercial activities. There is need to sanitise the market to make it a condusive place for traders and shoppers.”

    Another resident, Adewale Olabisi described the market road as pothole- ridden saying: “The market road is full of potholes and gullies. It is usually an eyesore during rainy period, hence, we are calling on concerned authroities to fix it up.

    “Also, there should be proactive evacuation of refuse in the market especially at the food stalls to prevent food items from being contaminated  by bacteria which might possibly lead to outbreak of disease.’

  • Ambode hailed over road

    Ambode hailed over road

    The Chairman of Badagry Local Government, Olusegun Onilude, has hailed Governor Akinwunmi Ambode and the people of Badagry, on the successful completion of Ajara-Agelasho-Poka-Erekiti road and bridge.

    Onilude the people of Badagry are pleased with the governor that their long awaited expectation has been met.

    He said: “We know that the work has been in stages so far. First, we had the initial stage and then this second phase was approved and finally, it has now been completed. We are happy and we are also pleased that we have lived to see this happening at our own time. As you can see during our site inspection, the two bridges have been done along with some roads. We hope the remaining uncompleted part of the road which extends into some of the communities, will be done by the state government.

    “We are happy that progress is being made and we look forward to the governor for the approval of work on the Third phase which will be the last.”

    He said the road many advantages for the people of Badagry.

    “It links our communities in Ajara, Agelasho, Itoun, Agbovipe, Erekiti, Iragon, Iragbo and Ikoga together. If I want to go Ikoga now, I can drive down there in minutes instead of merry-go-round journey through the expressway, which will take hours. As it is now, we save time and fuel especially at this trying economic period. The road also boosts our businesses as the farmers are now able to easily take their produce to various markets,” he said.

    Baale of Erekiti Chief Wahab Ashade said prior to the road project, the wooden bridge constructed was shaky.

  • Fashola: Mokwa-Jebba road will be completed this year

    Fashola: Mokwa-Jebba road will be completed this year

    Minister of Power, Works and Housing Babatunde Fashola yesterday said the Mokwa-Jebba Road would be completed this year.

    He spoke at a  meeting with the leadership of the Petroleum Tanker Drivers of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and Nigerian Association of Road Transport Owners (NARTO) in Abuja.

    He said an alternative road has been constructed pending completion of the project.

    Fashola attributed the bad state of the road to severe weather conditions and transportation of excess goods, such as iron rods, heavy machineries and high tonnage materials.

    Fashola added that the ministry had planned to organise a workshop where all issues regarding the sector and other matters of concern to the unions was to be discussed.

    His words: “These are old friends, associates and partners in progress in the development of Nigeria but let me say very quickly, whenever there is a problem, strike must be the last result, it must not be the first.

    “The Tatabu road failed because of age and also ecological factor. Rain fell and it destroyed the bridge. We have seen that in Texas, California, they didn’t go on strike. It was an ecological problem, that is nature.

    “We responded. The road is blocked and it was within that period that the contractor had to move in his equipment. He has created a temporary route while reconstructing the bridge. Before end of the year, that bridge will be completed, you will have your way back.”

    The minister denied claims of corrupt practices in road projects execution.

    Speaking on excessive tonnage, he said: “I have written to Mr. President that even from the loading stations, ports, Nigeria National Petroleum Corporation  (NNPC),we will restrict certain vehicles from being loaded beyond a certain point.

    “Mr. President has approved but before we start implementing all of these, we thought we should have a workshop with you so that you know what we want to do.”

    Fashola added that the ministry could meet with the unions quarterly to effectively address all the problems confronting the sector and also present government policies on the sector.

    NARTO National President Dr. Kassim Ibrahim lauded the Federal Government for different road projects across the country.

    He admitted that aside poor road design and construction, poor road maintenance and use of low quality materials for construction, truck overloading was a major cause of bad road.

    Ibrahim urged the government to improve funding to the road sector while encouraging Public Private Partnership  (PPP) model to collectively develop the sector.

    He recommended the  ban on importation of 60,000 liters capacity tanks.

    He said trucks of 45, 000 liters should be adopted as maximum capacity to be allowed on roads across the country, adding that all tank manufacturers and fabricators should be warned against construction of truck body above 50,000 litres capacity.

    PTD Chairman Otunba Salimon Oladiti urged the government to expedite action on the Mokwa-Jabba roads.

    He emphasised need for a palliative measures for the benefits of the truck drivers.

  • FEC okays N25 billion for road, irrigation projects

    FEC okays N25 billion for road, irrigation projects

    •Releases $1 m for contraceptives since 2016

    The Federal Executive Council (FEC) has approved N25 billion for repairs of Hadejia-Nguru road, linking Jigawa and Yobe states and the completion of Gari irrigation projects to serve Kano and Jigawa states.

    Water Resources Minister Suleiman Adamu and the Minister of State for Power, Works & Housing counterpart, Mustapha Shehuri, made the disclosure yesterday at the end of the weekly FEC meeting.

    Adamu said that FEC approved N14.5 billion for the completion of Gari irrigation projects meant to serve Kano and Jigawa states, which according to him, had been abandoned since 2000 after it was over 50 per cent completed.

    The project, he explained, was one of the 116 abandoned projects inherited by the ministry and among the top priority projects of the government because of its capacity to serve 2,000 hectares.

    Shehuri said that the Council also approved N10.5 billion for the repair of Hadejia-Nguru road linking Jigawa and Yobe states.

    He said the 30-kilometre road project had been awarded to a civil engineering company, Mothercat.

    Also speaking, the Minister of Heath, Prof. Isaac Adewole, said that the Federal Government had released $1 million for the delivery of contraceptives for the enhancement of quality family planning among Nigerians since 2016.

    According to him, procurement for the implementation of the plan led by a committee chaired by a director in the ministry had equally been secured.

    He said that the ministry had submitted nine proposals which had been approved by the Council since 2016.

    According to him, following a presidential approval of the joint venture agreement between the federal government and May & Baker for the production of local vaccines, a board had been constituted on January 19 to oversee the venture and consequently, Nigeria will begin to produce its vaccines within the next two years.

     

     

     

  • The media and road to Kigali

    The media and road to Kigali

    When the Rwanda madness boiled over, a local radio it was that directed the grim orgy of point-and-kill.

    Here, “point-and-kill” is leisure lingo for local pepper soup gourmets.  But the Kigali party was a grisly affair.

    So, when Radio Mille Collines belted out the order, “Cut down the tall trees!”, “Crush the cockroaches!”, the globe was awake to perhaps the greatest horror since Hitler.

    The “tall trees” were the tall, gangling Tutsi, who though a minority, monopolized political power.  Their hunters were the Hutu, the bitter majority, bent on throwing off the Tutsi yoke.

    When the smoke cleared, on the Rwanda genocide of April-July 1994, Radio Television Mille Collines rebranded the media as nation wrecker, from nation builder.

    Yet, its hate  broadcast lasted one year: July 1993 to July 1994.

    The Rwanda genocide would be 24 years this year.  But the Nigerian media appears to have learnt nothing from the Rwanda media’s road to catastrophe.

    This is clear from the base role the media had played — and continue to play — in the crises, real or contrived, that have faced the Muhammadu Buhari presidency.

    For President Buhari, it has been one year, one major crisis: Niger Delta Avengers bombing expedition (2015/2016), Nnamdi Kanu IPOB’s ferocious harvest of hate (2016/2017) and the herdsmen killing spree (2018).

    In all of these, the media would appear bent on stoking the fires, than snuffing them out.

    The especial grouse appears the president’s Fulani nativity; which a hysterical segment — more or less the bulk of the southern press — appears determined to scapegoat and demonize to the hilt.

    Media-bred hate can only build a road to Kigali, paved with innocent skulls, blood and gore.  After Rwanda, should any country ever traverse this route?

    Still, make no mistake.  Nigeria is a federation of many ethnic nations, each with its cherished world views and idiosyncrasies; not to talk of mutual but thick prejudices, fanned by ancestral feuds, real or apocryphal.

    Such feuds and prejudices, therefore, bob up in the media, no matter how careful the gatekeepers are.

    Besides, all politics is local.  So, it is a function of the willy-nilly federalization of the Nigerian media that Daily Trust, for instance, would push for northern interests, just as The Punch would for the West, Daily Sun for the Igbo South East; just as Vanguard would cast its lot with the southern, oil-rich minorities, in the fierce contestation for plums, in the Nigerian space.

    The media, as traditional champion of local rights, fits pat into that fray, in the best tradition of crusading journalism.

    But crusading for rights is one thing.  Recklessly baiting catastrophe, is another.  In handling these crises, the media has tended towards the second than the first.

    The result is a media roaring as rabid ultra-nationalists and ethnic chauvinists; spreading hate, baiting doom and pushing a poisoned pool of bigotry, to the unwary, as an immaculate spring of fairness.

    Take the opener of the crises, the bombing spree of the so-called Niger Delta Avengers.

    Now, this was a criminal gang drafted — or which drafted itself — into the political space, following the the loss of presidential power, by local boy, Goodluck Jonathan; and resultant loss of gravy, by local parasites.

    That appeared the make-good of the threat to make Nigeria ungovernable, should President Jonathan be voted out.  The tragi-comedy, of one government becoming a fugitive to another, added to the suspect Avengers campaign.

    While the bombs boomed, Government Ekpemupolo aka Tompolo vanished, a fugitive from the law, wanted for alleged jumbo sleaze. It would appear a legitimate supposition, therefore, to claim that the Avengers bombing had more to do with covering Tompolo’s tracks, than fighting for Niger Delta rights.

    Yet, much of the South-South media, with most of the southern media in tow, framed this ultra-dangerous precedent as some Niger Delta liberation struggle. It was not.

    Now, resorting to violence, just because you lost a free election, is an atrocious precedent, which an enlightened media ought to slam as a concerned and concerted bloc.

    If today, a southern group resorted to bombing just because it lost an election, what stops a northern group following the same formula tomorrow?

    After the Avengers, came the IPOB campaign — a rabid, hate-filled denunciation of the rest of Nigeria.  Though popular among the plebs in South East streets, it put the Igbo and their interests at loggerheads, with other parts of Nigeria.

    Again, the southern media cheered on this madness, until another lunatic fringe from the North gave the Igbo residents there an  1 October 2017 exit deadline — or else!  That triggered a chain of events that eventually turned Nnamdi Kanu a fugitive from the law.

    The herdsmen killings, that broke with the new year, put the president exactly where his traducers want him — the hysterics against Fulani criminality, with not a few even suggesting presidential complicity and sweeping ethnic guilt by association!

    Again, no pity for killer herdsmen.  Killing is a grievous crime that must be stiffly punished by the state.

    But to now frame it as an exclusive Fulani crime is the apex of stupidity.  Yet, that’s the line much of the southern media push — and with such hate, rabidity and brazenness.

    But the terrible news just broke that Islamic State (IS) fanatics, with their penchant for vicious killing, may just be operating in Nigeria.

    That doesn’t automatically put in the clear, the criminal colony of herdsmen.  But it shows the folly — and danger — of a one-track media criminalization of a group, when others could well be the culprit.

    Besides, in the present seasonal hate-for-hate orchestra, the herdsman and the media could well be two sides of the same hateful coin.

    The herdsman unleashes terror in the grisly field.  The media counters, with own fervency, in the air, in the press and, of course, in the (anti)social media.

    It is terror for terror (just like an eye for an eye that makes everyone blind), that dooms all.

    Such rabidity should be infra-dig for the media, except Nigeria is doomed to the road to Kigali.

     

    Between Fafowora and Opaleye

     

    Last week was, for Ripples, a sumptuous feast in humanity, from a young old man; and an old young man.

    Young old man, Ambassador Oladapo Fafowora, 77, consultant to The Nation Editorial Board, retired — and was his sent-forth an event to remember! That was January 17.

    Old young man, Abolade Opaleye, Esq., maritime lawyer and family man extraordinaire, turned 60.  It was January 19, and all roads led to the Oriental Hotel, Lekki, for a sumptuous birthday bash, with class and glitz.

    But what made it for Ripples was the gush of testimonies, about the duo, on their humanity, their decency, their hearts of gold!

    Ambassador, happy retirement sir.  They don’t make them that suave any more.  To Opaleye, old young man, well, life begins at 60 — so no retirement for you yet.

    Thank you both for being a riveting tutorial in basic humanity. Would sure love to be like you when I grow up!

  • Five die in Lagos-Ibadan road crash

    Five die in Lagos-Ibadan road crash

    • 13 others injured

    Five persons, including a baby, have died in a road crash at the Ogere (Ogun State) stretch of the Lagos-Ibadan Expressway.

    Thirteen others were injured.

    The accident, which occurred early yesterday, involved a Mazda bus, registered as DDA 121 XA and a truck, marked: MGD 129 ZF.

    It was learnt that the driver of the bus lost control, veered off his lane and crashed into a packed trailer by the roadside.

    Five of the passengers were said to have died on the scene.

    The Sector Commander of Ogun State Command of Federal Road Safety Corps (FRSC) Clement Oladele said the bus carried 18 passengers and was travelling from Ibadan to Lagos.

    Oladele said three men, one woman and a male child died in the accident while six men , two women and five male children were injured.

    The FRSC chief blamed the accident on dangerous driving and failure to follow road safety rules by the bus driver.

    He said: “Failure to follow road safety rules caused the accident. Immediately the incident happened, the driver of the commercial bus ran away.

    “A man-hunt has been launched to arrest the driver and charge him for dangerous driving leading to the death of some of his passengers.

    “The injured have been taken to the Olabisi Onabanjo University Teaching Hospital (OOUTH) at Sagamu and Vitory Hospital at Ogere for treatment. The remains of the dead passengers have been deposited at a morgue at Ipara in Ogun State.”

  • Dickson to drive on new road today

    Dickson to drive on new road today

    Bayelsa State Governor Seriake Dickson is set to give a unique Christmas gift to the people of Aleibiri, Ofoni, Ayamasa Angalabiri and other neighbouring communities on Sagbama-Ekeremor road.

    He will today drive in a convoy of small cars to Aleibiri, Ofoni, Ayamasa Angalabiri and other neighbouring communities on  Sagbama-Ekeremor road.

    During the ride to Ofoni community in October, he promised that he will drive in a convoy of small cars to Aleibiri in Ekeremor Local Government on December 25  to celebrate Christmas with members of the communities.

    Dickson said the visit to Aleibiri and neighbouring communities was in fulfilment of a promise he made  on October 14 that cars would be driven for the first time in over 40 years to Aleibiri in December.

    He broke a 40-year-old jinx on October 14 when he drove to Aleibiri and neighbouring communities in a convoy of Sport Utility Vehicles (SUVs).

    The governor promised during the visit that his administration will ensure that smaller cars are driven to Aleibiri in December.

  • Senator assures on Lagos-Ibadan road completion

    •N20.5b in 2018 budget for dual carriageway

    The ongoing Lagos-Ibadan express road repairs will soon be completed, the senator representing Lagos West, Solomon Adeola, has said.

    Adeola assured the residents that work on the dual carriageway, being undertaken by Julius Berger Nigeria Plc and Reynolds Construction Company Limited, will be completed, hopefully, in 2018.

    The assurance is coming on the heel of controversy trailing alleged reduced funding for the busy road in the 2018 budget.

    The Lagos West lawmaker noted that ample provisions (N20.5 billion) were made for the road in the 2018 budget proposal.

    A statement by his media aide, Kayode Odunaro, said the senator, who is the Chairman of Senate Committee on Local Content and a member of the Senate Finance Committee, was reacting to the recent condemnations of the Executive and the National Assembly over the reduction of a proposed N31 billion to N10 billion in the 2017 budget and the failure of a proposed virement before the presentation of the 2018 budget proposals.

    Adeola was quoted to have said that with the President’s presentation of the 2018 budget, “the issue of virement is now in abeyance with the issue still trapped in legislative process of the National Assembly”.

    He added: “Following the President’s presentation of the 2018 budget proposal, our focus is now on how to appropriate funds for the Lagos-Ibadan express dual carriageway as the virement requested by the Executive as well as supplementary budget suggested by some of us did not see the light of day with the year almost gone.”

    The senator expressed happiness that the 2018 budget proposal under consideration made ample provisions for the expressway, which serves as a major road network for economic activities in Nigeria.

    He added that efforts would be made to ensure that the provisions are passed and strict implementation enforced for the completion of the project.

    Aseola said: “In all, N20.5 billion was made for the dual carriageway in the 2018 proposal. For Section 1 of the project, N9 billion was proposed while Section 2 of the project has N11.5 billion. We will consider an increase, if possible, in view of debt from unpaid completion certificates already executed on the two sections to see contractors back to site and working fully early next year.”

  • Driver killed, another injured in road crashes

    Driver killed, another injured in road crashes

    A bus driver identified as Ifeanyi died yesterday on the Third Mainland Bridge after his vehicle collided with a Toyota Camry saloon car.

    The accident occurred around 3pm.

    It was gathered that the Camry, marked FKJ441CN, which was heading to Obalende, had a break failure, rammed into a stationary  bus (LSR531XT) and killed Ifeanyi on the spot.

    The car driver was said to have sustained serious injuries and was treated by officials of the Lagos State Ambulance Service (LASAMBUS).

    According to a witness, officials of the Lagos State Emergency Management Agency (LASEMA) evacuated the body and towed the vehicles off the road for free flow of traffic.

    Meanwhile, another young man escaped death by whiskers at Tollgate in Alausa after a container fell on his car.

    It was gathered that the truck was being chased by officials of the Federal Road Safety Commission (FRSC), who fled as soon at the accident occurred.

    A motorist, who witnessed the incident, said the container flattened the vehicle.

    He said: “It is just God. The accident occurred less than a minute after the young man dropped off three passengers he had in the car. FRSC officials were chasing the truck. It seems they stopped the truck driver and he refused to obey.

    “They pursued and tried to block him. He swerved to avoid them and that was how the load tripped and the 20ft container fell on the car.

    “As usual, the FRSC people sped off immediately. Those FRSC people at Ojota need to be investigated for untoward activities. They engage in indiscriminate arrest of vehicles and extortion.”

    LASEMA General Manager Adesina Tiamiyu said the body was handed over to the State Environmental Health Management Unit (SEHMU).

    He appealed to motorists to always apply caution, noting that the agency had attended to more than five accident cases yesterday