• About
  • Advertise
  • Privacy & Policy
  • Contact
Thebizhub
2020 Banking Industry Report
  • Home
  • Economy
    • All
    • Breaking
    • Business
    • Economy
    • Latest
    • Markets
    • Nigeria
    • Politics
    • Regulations
    • Sports
    • Uncategorized
    Nigerians spend $39.66bn on foreign education, medical tourism – CBN report

    Understanding CBN Perspectives on RT200

    FMDQ Admits N53.2bn Bonds of Fidelity Bank, TSL SPV

    Investors Trade Foreign Exchange Worth N24.93trn in 5 Months on Growing Demand

    Six Years After Signing 1125mw Power Purchase Deals, 14 Firms Fail to Get Funding

    Experts seek options for N3.2tr mini-grid financial need in Nigeria

    Directorate pays N695m to 418 pensioners in three months

    PFAs stake N1 trillion on equities after 21 per cent YTD returns

    Fuel subsidy unsustainable, says FSDH

    FG spends N1.243tn monthly as fuel subsidy hits N600/litre – Operators

    Nigeria ranks low in World Bank projects’ implementation, says FG

    Fuel shortage, inflation’ll weaken Nigeria’s economic growth – World Bank

    Nigerians spend $39.66bn on foreign education, medical tourism – CBN report

    CBN dismisses report of stopping overseas school fees, Form A withdrawal

    CBN forex intervention hits $43.5bn in 15 months

    Recession worries weigh on euro as US stocks advance

    NLNG commits to supplying all LPG produced for domestic market

    NLNG commits to supplying all LPG produced for domestic market

    Trending Tags

    • Sports
      • All
      • Breaking
      • Business
      • Economy
      • Latest
      • Markets
      • Nigeria
      • Politics
      • Regulations
      • Sports
      • Uncategorized
      Nigerians spend $39.66bn on foreign education, medical tourism – CBN report

      Understanding CBN Perspectives on RT200

      FMDQ Admits N53.2bn Bonds of Fidelity Bank, TSL SPV

      Investors Trade Foreign Exchange Worth N24.93trn in 5 Months on Growing Demand

      Six Years After Signing 1125mw Power Purchase Deals, 14 Firms Fail to Get Funding

      Experts seek options for N3.2tr mini-grid financial need in Nigeria

      Directorate pays N695m to 418 pensioners in three months

      PFAs stake N1 trillion on equities after 21 per cent YTD returns

      Fuel subsidy unsustainable, says FSDH

      FG spends N1.243tn monthly as fuel subsidy hits N600/litre – Operators

      Nigeria ranks low in World Bank projects’ implementation, says FG

      Fuel shortage, inflation’ll weaken Nigeria’s economic growth – World Bank

      Nigerians spend $39.66bn on foreign education, medical tourism – CBN report

      CBN dismisses report of stopping overseas school fees, Form A withdrawal

      CBN forex intervention hits $43.5bn in 15 months

      Recession worries weigh on euro as US stocks advance

      NLNG commits to supplying all LPG produced for domestic market

      NLNG commits to supplying all LPG produced for domestic market

      Trending Tags

      • Markets
        • All
        • Breaking
        • Business
        • Economy
        • Latest
        • Markets
        • Nigeria
        • Politics
        • Regulations
        • Sports
        • Uncategorized
        Nigerians spend $39.66bn on foreign education, medical tourism – CBN report

        Understanding CBN Perspectives on RT200

        FMDQ Admits N53.2bn Bonds of Fidelity Bank, TSL SPV

        Investors Trade Foreign Exchange Worth N24.93trn in 5 Months on Growing Demand

        Six Years After Signing 1125mw Power Purchase Deals, 14 Firms Fail to Get Funding

        Experts seek options for N3.2tr mini-grid financial need in Nigeria

        Directorate pays N695m to 418 pensioners in three months

        PFAs stake N1 trillion on equities after 21 per cent YTD returns

        Fuel subsidy unsustainable, says FSDH

        FG spends N1.243tn monthly as fuel subsidy hits N600/litre – Operators

        Nigeria ranks low in World Bank projects’ implementation, says FG

        Fuel shortage, inflation’ll weaken Nigeria’s economic growth – World Bank

        Nigerians spend $39.66bn on foreign education, medical tourism – CBN report

        CBN dismisses report of stopping overseas school fees, Form A withdrawal

        CBN forex intervention hits $43.5bn in 15 months

        Recession worries weigh on euro as US stocks advance

        NLNG commits to supplying all LPG produced for domestic market

        NLNG commits to supplying all LPG produced for domestic market

        Trending Tags

        • Regulations
          • All
          • Breaking
          • Business
          • Economy
          • Latest
          • Markets
          • Nigeria
          • Politics
          • Regulations
          • Sports
          • Uncategorized
          Nigerians spend $39.66bn on foreign education, medical tourism – CBN report

          Understanding CBN Perspectives on RT200

          FMDQ Admits N53.2bn Bonds of Fidelity Bank, TSL SPV

          Investors Trade Foreign Exchange Worth N24.93trn in 5 Months on Growing Demand

          Six Years After Signing 1125mw Power Purchase Deals, 14 Firms Fail to Get Funding

          Experts seek options for N3.2tr mini-grid financial need in Nigeria

          Directorate pays N695m to 418 pensioners in three months

          PFAs stake N1 trillion on equities after 21 per cent YTD returns

          Fuel subsidy unsustainable, says FSDH

          FG spends N1.243tn monthly as fuel subsidy hits N600/litre – Operators

          Nigeria ranks low in World Bank projects’ implementation, says FG

          Fuel shortage, inflation’ll weaken Nigeria’s economic growth – World Bank

          Nigerians spend $39.66bn on foreign education, medical tourism – CBN report

          CBN dismisses report of stopping overseas school fees, Form A withdrawal

          CBN forex intervention hits $43.5bn in 15 months

          Recession worries weigh on euro as US stocks advance

          NLNG commits to supplying all LPG produced for domestic market

          NLNG commits to supplying all LPG produced for domestic market

          Trending Tags

          No Result
          View All Result
          • Home
          • Economy
            • All
            • Breaking
            • Business
            • Economy
            • Latest
            • Markets
            • Nigeria
            • Politics
            • Regulations
            • Sports
            • Uncategorized
            Nigerians spend $39.66bn on foreign education, medical tourism – CBN report

            Understanding CBN Perspectives on RT200

            FMDQ Admits N53.2bn Bonds of Fidelity Bank, TSL SPV

            Investors Trade Foreign Exchange Worth N24.93trn in 5 Months on Growing Demand

            Six Years After Signing 1125mw Power Purchase Deals, 14 Firms Fail to Get Funding

            Experts seek options for N3.2tr mini-grid financial need in Nigeria

            Directorate pays N695m to 418 pensioners in three months

            PFAs stake N1 trillion on equities after 21 per cent YTD returns

            Fuel subsidy unsustainable, says FSDH

            FG spends N1.243tn monthly as fuel subsidy hits N600/litre – Operators

            Nigeria ranks low in World Bank projects’ implementation, says FG

            Fuel shortage, inflation’ll weaken Nigeria’s economic growth – World Bank

            Nigerians spend $39.66bn on foreign education, medical tourism – CBN report

            CBN dismisses report of stopping overseas school fees, Form A withdrawal

            CBN forex intervention hits $43.5bn in 15 months

            Recession worries weigh on euro as US stocks advance

            NLNG commits to supplying all LPG produced for domestic market

            NLNG commits to supplying all LPG produced for domestic market

            Trending Tags

            • Sports
              • All
              • Breaking
              • Business
              • Economy
              • Latest
              • Markets
              • Nigeria
              • Politics
              • Regulations
              • Sports
              • Uncategorized
              Nigerians spend $39.66bn on foreign education, medical tourism – CBN report

              Understanding CBN Perspectives on RT200

              FMDQ Admits N53.2bn Bonds of Fidelity Bank, TSL SPV

              Investors Trade Foreign Exchange Worth N24.93trn in 5 Months on Growing Demand

              Six Years After Signing 1125mw Power Purchase Deals, 14 Firms Fail to Get Funding

              Experts seek options for N3.2tr mini-grid financial need in Nigeria

              Directorate pays N695m to 418 pensioners in three months

              PFAs stake N1 trillion on equities after 21 per cent YTD returns

              Fuel subsidy unsustainable, says FSDH

              FG spends N1.243tn monthly as fuel subsidy hits N600/litre – Operators

              Nigeria ranks low in World Bank projects’ implementation, says FG

              Fuel shortage, inflation’ll weaken Nigeria’s economic growth – World Bank

              Nigerians spend $39.66bn on foreign education, medical tourism – CBN report

              CBN dismisses report of stopping overseas school fees, Form A withdrawal

              CBN forex intervention hits $43.5bn in 15 months

              Recession worries weigh on euro as US stocks advance

              NLNG commits to supplying all LPG produced for domestic market

              NLNG commits to supplying all LPG produced for domestic market

              Trending Tags

              • Markets
                • All
                • Breaking
                • Business
                • Economy
                • Latest
                • Markets
                • Nigeria
                • Politics
                • Regulations
                • Sports
                • Uncategorized
                Nigerians spend $39.66bn on foreign education, medical tourism – CBN report

                Understanding CBN Perspectives on RT200

                FMDQ Admits N53.2bn Bonds of Fidelity Bank, TSL SPV

                Investors Trade Foreign Exchange Worth N24.93trn in 5 Months on Growing Demand

                Six Years After Signing 1125mw Power Purchase Deals, 14 Firms Fail to Get Funding

                Experts seek options for N3.2tr mini-grid financial need in Nigeria

                Directorate pays N695m to 418 pensioners in three months

                PFAs stake N1 trillion on equities after 21 per cent YTD returns

                Fuel subsidy unsustainable, says FSDH

                FG spends N1.243tn monthly as fuel subsidy hits N600/litre – Operators

                Nigeria ranks low in World Bank projects’ implementation, says FG

                Fuel shortage, inflation’ll weaken Nigeria’s economic growth – World Bank

                Nigerians spend $39.66bn on foreign education, medical tourism – CBN report

                CBN dismisses report of stopping overseas school fees, Form A withdrawal

                CBN forex intervention hits $43.5bn in 15 months

                Recession worries weigh on euro as US stocks advance

                NLNG commits to supplying all LPG produced for domestic market

                NLNG commits to supplying all LPG produced for domestic market

                Trending Tags

                • Regulations
                  • All
                  • Breaking
                  • Business
                  • Economy
                  • Latest
                  • Markets
                  • Nigeria
                  • Politics
                  • Regulations
                  • Sports
                  • Uncategorized
                  Nigerians spend $39.66bn on foreign education, medical tourism – CBN report

                  Understanding CBN Perspectives on RT200

                  FMDQ Admits N53.2bn Bonds of Fidelity Bank, TSL SPV

                  Investors Trade Foreign Exchange Worth N24.93trn in 5 Months on Growing Demand

                  Six Years After Signing 1125mw Power Purchase Deals, 14 Firms Fail to Get Funding

                  Experts seek options for N3.2tr mini-grid financial need in Nigeria

                  Directorate pays N695m to 418 pensioners in three months

                  PFAs stake N1 trillion on equities after 21 per cent YTD returns

                  Fuel subsidy unsustainable, says FSDH

                  FG spends N1.243tn monthly as fuel subsidy hits N600/litre – Operators

                  Nigeria ranks low in World Bank projects’ implementation, says FG

                  Fuel shortage, inflation’ll weaken Nigeria’s economic growth – World Bank

                  Nigerians spend $39.66bn on foreign education, medical tourism – CBN report

                  CBN dismisses report of stopping overseas school fees, Form A withdrawal

                  CBN forex intervention hits $43.5bn in 15 months

                  Recession worries weigh on euro as US stocks advance

                  NLNG commits to supplying all LPG produced for domestic market

                  NLNG commits to supplying all LPG produced for domestic market

                  Trending Tags

                  No Result
                  View All Result
                  Thebizhub
                  No Result
                  View All Result
                  Home Business

                  Lagosians await multibillion naira light rail project amid worries

                  Punch | June 23, 2022
                  NRC commences cargo movement to Kaduna
                  0
                  SHARES
                  7
                  VIEWS
                  Share on FacebookShare on TwitterWhatsapp

                  The promise by Governor Babajide Sanwo-Olu of Lagos State that the multibillion blue light and red light intra-city rail system would be ready before the end of 2022 has brought the project to the front burner, FUNMILAYO FABUNMI reports

                  The light rail project of the Lagos State government has suffered several years of delay due to various reasons. It appears Lagosians have waited endlessly and stakeholders are raising questions about how long it will take the state government to deliver the project.

                  Obviously, the state government has made several promises on the timelines for its delivery which did not come to pass.

                  However, the Lagos light rail project has failed to see the light of the day, several years after it was birthed amid high expectations.

                  As a result, Sanwo-Olu’s promise that the project would be delivered later this year has been seen as a political statement. But top officials of the Lagos State government insisted that the governor meant what he said.

                  However, keen observers and stakeholders familiar with the project said it would take a miracle for the governor to keep the promise he had made to Lagosians and Nigerians in the general project.

                  Officials close to the project said it was nearly impossible for the government to deliver the project by the last quarter of this year.

                  The officials, who spoke on condition of anonymity because they were not authorised to speak on the matter, argued that many of the rail stations were not ready while also noting that several aspects of the infrastructure were yet to be constructed.

                  One of the top officials said, “I wonder how the state government will fulfil its promise to deliver the project by the last quarter of this year. This is a huge project that has several aspects. It will be difficult to deliver it by year-end.

                  “For example, many of the rail stations are yet to be completed. This is in addition to the fact that other major aspects of the infrastructure projects are yet to be ready. Several other things are yet to be on the ground. I wonder how this will happen.”

                  Another top official close to the Lagos State Metropolitan Agency said if the project would come on stream by December, the state government ought to have commenced the recruitment of personnel that would run the project by this time.

                  He wondered how this would happen when nothing of such was happening.

                  “Rail system relies on a significant number of personnel to run effectively. By now, they should have commenced the recruitment of personnel but nothing like that is happening now. To me, this December date appears like a political statement,” he said.

                  However, some stakeholders have defended the state government, insisting that the state government would fulfil its promise.

                  Several stakeholders have however spoken about the project.

                  The Secretary-General of the Nigeria Union of Railway Workers, Segun Esan, in a chat with The PUNCH, believed the December date is feasible.

                  He said, “Lagos State government, for what it is, is a very serious government; it is a people-centred government. The Lagos State government is taking the act of governance as a serious business. So, knowing the government to have cultivated this attitude, I don’t have any reason to doubt the promised date of delivery of the light rail system.

                  “I have had a number of instances to support my position about how the government has been committed to its efforts of bringing about an effective rail transport system that will serve as a kind of infrastructural backup to the transport economy of Lagos State which happens to be highly cosmopolitan. So, I don’t have any doubt in my mind. The experience I’ve personally had with the Lagos State government proves to be that it is a government that says it as it is and does it as it says.”

                  He added, “So, on the delivery date the state has promised, I have no doubt in my mind except for natural reasons like rainfall or anything that can be attributed to weather conditions which usually stop engineering work. Outside that, I really don’t see the Lagos State government reneging on its promise to deliver a complete rail transport system in the last quarter of this year.

                  “With this in mind, I think we should also join in good solidarity and support the government in any way we can to deliver on its promise.”

                  A former railway analyst and President, of Campaign for Democracy, Adebayo Obatungashe, also believes the project’s December date is feasible. He, however, said the ongoing political activities might affect the delivery date.

                  He said, “There is nothing that is not achievable, it depends on the level of the work that has been done. Also, when you look at the political climate, you will observe that elected leaders or representatives work for only three years and use the last year for electioneering ahead of the next voting cycle.

                  “The campaign season is here already. As a result, the possibility of completing the project is low. However, if funds are released to the contractor handling the project, works will go on.

                  “Since the contractor and state government know the value of the job and what it takes to complete it, I believe it is between the two parties to know the possibility of completing the project.  I cannot say in a very categorical manner whether the project will be completed or not.”

                  When contacted for reaction, the spokesperson for LAMATA, Mr Kolawole Ojelabi, said, “The governor has already given his word, and when you look at the rate of construction, we will meet up with that mandate. “

                  The idea of a metro line for Lagos State was conceived and initiated by the first civilian governor, Alhaji Lateef Jakande (1979-1983). When Jakande initiated the metro line in 1983, it was meant to be delivered in 1986, with all the paper works done while the contractor was ready to be mobilised to the site. However, the project was yet to begin when the military coup headed by then Major-General Muhammadu Buhari took place. The project could not continue.

                  However, the scheme was later abridged. The present light rail project has been colour-coded in different phases, comprising the Blue Line (Mile 2 to Marina); Red Line (Agbado to Marina); Purple Line (Redeemed to Ojo); Yellow Line (Otta to Iddo); Brown Line (Mile 12 to Marina); Orange Line (Redeemed to Marina) and Green Line (Marina to Lekki). The construction of the Blue Line, which covers 27 kilometres, started during the administration of former Governor Babatunde Raji Fashola and is being handled by the China Civil Engineering and Construction Corporation.

                  The contract includes the fundamental design and development of the rail infrastructure, while the construction is also being done in phases. The first phase includes the National Theatre to Mile 2 section and the second involves the Mile 2 to Okokomaiko phase.

                  The rail project, which was initially scheduled for completion in 2011, has recorded some failed delivery dates.

                  On assumption of office in 2015, the former Governor of Lagos State, Akinmunmi Ambode, promised that the project would be delivered in 2016, but this was never achieved.

                  In 2019, when Sanwo-Olu was handed the baton, he assured Lagosians that it would be ready on schedule.

                  Early this year, the governor restated his commitment that the project would be delivered by the last quarter of the year 2022.

                  He said, “Our promise on the blue and the red line is still on course. We believe that before the end of this year, we will see the trains on top of the tracks. That is our commitment, and we will begin to monitor and check ourselves.

                  “It is a landmark project that we are truly proud of. Our contractors are very committed; and they have assured us that whatever it takes they will complete all the projects on schedule and on budget,” the governor said while inspecting the project early in January.

                  To show his commitment to the project, the governor earlier in the year paid a visit to the factory of Talgo Incorporated, a train manufacturing company in Milwaukee, the largest city in the United States state of Wisconsin, to attend a ceremony ‘marking the purchase of two Series 8 trains’ for the red line project.

                  According to Milwaukee Public Radio, the two trains were originally designed for a high-speed rail line to connect Madison and Milwaukee in the US, but the Lagos State Government was able to defeat others competing for the trains.

                  The trains are set to become part of ‘West Africa’s first operational metro system.’

                  Previous Post

                  Telcos shake off SIM-NIN losses, recover 16million subscribers

                  Next Post

                  NLNG commits to supplying all LPG produced for domestic market

                  Admin

                  Admin

                  Next Post
                  NLNG commits to supplying all LPG produced for domestic market

                  NLNG commits to supplying all LPG produced for domestic market

                  Opinion Poll

                  Aligning Strategy with Finance to Create Value for Shareholders.Aligning Strategy with Finance to Create Value for Shareholders.Aligning Strategy with Finance to Create Value for Shareholders.
                  FSDHFSDHFSDH
                  • Trending
                  • Comments
                  • Latest
                  Google.org Launches COVID-19 Tool

                  Women Rights among Nigeria’s Most Searched Google Terms in March

                  April 8, 2021
                  SIMS Nigeria announces maiden White Friday sales

                  SIMS Nigeria announces maiden White Friday sales

                  February 18, 2022
                  W/Bank’s net commitment to Nigeria hits $11bn

                  World Bank: Nigeria Going through Its Worst Unemployment Crisis

                  July 23, 2021
                  Banks’ earnings hit N2.64tn in nine months – Reports

                  Access Holdings, ETI, Others Sees 52% Increase in Interest Expense as Customers’ Deposit Soar

                  June 22, 2022
                  Nigerians spend $39.66bn on foreign education, medical tourism – CBN report

                  Understanding CBN Perspectives on RT200

                  June 29, 2022
                  FMDQ Admits N53.2bn Bonds of Fidelity Bank, TSL SPV

                  Investors Trade Foreign Exchange Worth N24.93trn in 5 Months on Growing Demand

                  June 29, 2022
                  Six Years After Signing 1125mw Power Purchase Deals, 14 Firms Fail to Get Funding

                  Experts seek options for N3.2tr mini-grid financial need in Nigeria

                  June 28, 2022
                  Directorate pays N695m to 418 pensioners in three months

                  PFAs stake N1 trillion on equities after 21 per cent YTD returns

                  June 28, 2022

                  Recent News

                  Nigerians spend $39.66bn on foreign education, medical tourism – CBN report

                  Understanding CBN Perspectives on RT200

                  June 29, 2022
                  FMDQ Admits N53.2bn Bonds of Fidelity Bank, TSL SPV

                  Investors Trade Foreign Exchange Worth N24.93trn in 5 Months on Growing Demand

                  June 29, 2022
                  Six Years After Signing 1125mw Power Purchase Deals, 14 Firms Fail to Get Funding

                  Experts seek options for N3.2tr mini-grid financial need in Nigeria

                  June 28, 2022
                  Directorate pays N695m to 418 pensioners in three months

                  PFAs stake N1 trillion on equities after 21 per cent YTD returns

                  June 28, 2022
                  Thebizhub

                  Powered by Agusto & Co.

                  • About
                  • Advertise
                  • Privacy & Policy
                  • Contact

                  ©2019 Thebizhub.ng .All Rights Reserved

                  No Result
                  View All Result
                  • Home
                  • Economy
                  • Sports
                  • Markets
                  • Regulations

                  ©2019 Thebizhub.ng .All Rights Reserved