Afrigather World Financial institution : Petrol ought to promote for N750/L, NADDC to set requirements for Tokunbo automobiles, NPA intercept 413 faux quantity plates, Ikeja Overpass Bridge, news in the past week.
N650 Per Litre Not Good, Petrol Ought to Promote For N750 Per Litre – World Financial institution Advises FG
The World Bank has claimed that the Federal Authorities remains to be paying for gasoline subsidy as the value of Premium Motor Spirit (petrol) ought to be round N750 per litre, which is greater than the N650 per litre at present being paid by Nigerians.
The financial institution’s Lead Economist for Nigeria, Alex Sienaert, said this in Abuja final week throughout his presentation of the Nigeria Growth Replace, December 2023 version, titled ‘Turning The Nook (from reforms and renewed hope, to outcomes).
He mentioned :
“It does seem to be petrol costs are usually not absolutely adjusting to market situations, in order that hints on the partial return of the subsidy…assuming that importation is finished on the official FX charge.
“We expect the value of petrol ought to be round N750 per litre greater than the N650 per litre at present paid by Nigerians,” Sienaert mentioned.
Sanwo-Olu, Kwara State Gov. AbdulRasaq Commissions Pink Line Rail Ikeja Overpass Bridge
Lagos State Governor, Mr Babajide Sanwo-Olu on Tuesday commissioned the Lagos Rail Mass Transit (LRMT) Ikeja Overpass Bridge, marking it the fourth bridge to be commissioned alongside the Pink Line hall.
Sanwo-Olu, who was joined by the Governor of Kwara State, Mallam AbdulRahman AbdulRasaq, mentioned that the numerous milestone is a step nearer to the commissioning of your entire Pink Line Rail Undertaking in Lagos.
Talking on the newly constructed Ikeja Overpass, Sanwo-Olu mentioned :
“With the Ikeja Flyover’s commissioning, we’re witnessing the interconnection of crucial items in our transit community. These bridges underscore our dedication to environment friendly and protected transportation for all in Lagos.
The Ikeja Flyover and its counterparts—Yaba and Oyingbo bridges—are pivotal to the Lagos Rail Mass Transit Pink Line, which is ready to be prepared for a check run in December, 2023.
“Nigeria Received’t Be Dumping Floor For Previous Used Vehicles, NADDC To Set Minimal Requirements For Tokunbo Vehicles
The Nationwide Automotive Design and Growth Council (NADDC) has referred to as for a minimal requirements of used automobiles popularly often known as “Tokunbo” automobiles that will probably be allowed to enter the nation.
DG NADDC, Joseph Osanipin, made this suggestion on the assembly on “Public Sector Engagement on the Implementation of the NAIDP 2023-2023” held at Nicon Luxurious motels on Tuesday nineteenth December 2023.
Talking on the occasion, Osanipin, who frowned on the stage of influx of unroadworthy automobiles on the Nigeria roads, mentioned :
“There are some automobiles that aren’t worthy to be on our roads, in collaboration with the related businesses, we have now to specify the minimal requirements of automobiles that will probably be allowed to enter the nation”.
NPA Burst Syndicate Sabotaging Truck E-call Up System At Lagos Ports, Intercept 413 Faux Quantity Plates
The Nigerian Ports Authority (NPA) says it has burst a classy syndicate sabotaging the Truck Electronic Call-up system designed to finish the huge gridlock witnessed on the Lagos port roads.
In a press assertion, the Authority mentioned it intercepted 413 faux car quantity plates and 282 models of pretend Minimal Security Commonplace (MSS) stickers from the syndicate on the MPS pre-gate in Apapa.
“The Authority’s officers and safety brokers undertook a spot verify of the MPS Pregate the place a thoughts boggling discovery of 249 faux license plate numbers and 149 models of Minimal Security Commonplace (MSS) stickers have been found.
“Additional checks of the terminal led to a discovery of one other 164 items of auto quantity plates and 133 items of MSS Stickers that aren’t mounted on any truck in readiness to be deployed for proxy reserving,” it added.
