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Access Bank Eases Traffic in Oniru With Better Road Network

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By Modupe Gbadeyanka

In order to make life meaningful to residents and commuters around the Victoria Island–Lekki Axis by reducing travel time and decongest traffic in the area, Access Bank Plc has improved and expanded the existing roads in the vicinity.

The new road network was commissioned on Thursday by the Lagos State Governor, Mr Babajide Sanwo-Olu, who was full of appreciation for the gesture.

The Victoria Island and Lekki axis are two of the most commercial areas in Lagos State, witnessing a huge daily exchange of economic activities and as a result, commuters.

About 40 per cent of the employed population in the formal sector in Lagos work in Victoria Island, and a good percentage of these workers have their offices situated around the Oniru axis.

Expressing optimism about how the new and expanded road network will impact the lives of workers and commuters in the region, Mr Sanwo-Olu said, “I am glad that we achieved more than just creating a world-class road network. We have improved the drainage system of the community, reduced traffic and this has shown our drive to make the life of Lagosians easier.

“I am absolutely delighted with Access Bank as they have continued to support Lagos State Government and working with us on numerous projects across the State.

“Herbert Wigwe and his team have worked really hard to bring this project to life and have supported us on other projects like this. We appreciate the Bank for its contribution to public infrastructure improvement”

The Group Managing Director of Access Bank, while speaking at the commissioning yesterday, stated that, “At the heart of Access Bank’s business operations is our commitment to offering ‘More’ to our customers and more extensively, positively affecting the communities in which we operate.

“Our track record speaks for itself as we have successfully executed similar projects in Oyin Jolayemi Street, Danmole Street and other areas. Indeed, community and social impact have become enshrined parts of our DNA as a Bank.

“We appreciate the Lagos State Government, led by Mr Sanwo-Olu, for the incredible support received during the execution of this project.

“Our commitment to facilitating a greater Lagos will not end here and I am truly excited about the infrastructural, technological and social advancements that our partnership will foster.”

Having moved its corporate head office from Danmole Street, Victoria island to Oniru, Access Bank undertook a feasibility study on how to best to make for ease of movement.

In line with this, the bank has created new concrete-based road networks in the Oniru area, improving and expanding the existing roads.

It was gathered that the project was executed by renowned engineering firms, Craneburg Construction Company and Planet Projects Limited (PPL).

Access Bank Oniru

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Dangote Becomes Largest Operator of CNG Trucks With $280m Investment

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Dangote Trucks CNG

By Aduragbemi Omiyale

Over $280 million has been invested by Dangote Cement Plc in compressed natural gas (CNG) technology and infrastructure to enhance energy efficiency and drive economic growth in Nigeria.

The cement maker turned to CNG in demonstration of its support for President Bola Tinubu’s drive for cheaper and cleaner fuelling alternatives for all Nigerians.

At a recent event, the President emphasised the urgent need for Nigeria to utilise its vast natural gas resources in the transportation sector.

He stated that CNG transportation is an economic necessity for Nigeria, signalling a significant shift in the country’s approach to public transportation and energy use.

This has spurred Dangote Cement to adopt CNG, reflecting its dedication to mitigating climate change and supporting a transition to a low-carbon economy, making it the largest operator of CNG trucks in the country.

The chief executive of Dangote Group, Mr Aliko Dangote, said his company’s investments in CNG are also in line with Nigeria’s Nationally Determined Contribution (NDC) under the Paris Agreement, which aims for net-zero emissions by 2060.

“In this pursuit of transition to clean energy, we are optimistic of a remarkable accomplishment by President Tinubu, as he has taken the lead in the nation’s drive towards energy efficiency. This presupposes private sector intervention to support this noble idea initiated by the President,” he stated.

The businessman noted that the firm’s early adoption of CNG has made it the largest operator of CNG trucks in Nigeria, emphasising that the initiative is a boost to Mr Tinubu’s quest towards enhancing the nation’s energy independence and contributing to a more secure energy future.

“We are now using CNG vehicles, especially with the new policy of the federal government, launched under the Renewed Hope Agenda by President Tinubu. We are committed to a cleaner and greener future,” Mr Dangote said.

On his part, the chief executive of Dangote Cement, Mr Arvind Pathak, said the cement miller aims to acquire 100 per cent CNG trucks as part of a long-term plan to transition its entire fleet to CNG.

He disclosed that the CNG infrastructure investments have positively influenced Nigeria’s transition to cleaner fuels, adding that the CNG station at Obajana, capable of refuelling over 3,000 trucks, exemplifies this commitment, with a second station currently under development in Ibese to support fleet operations further.

“By mid-2026, Dangote Cement aims to operate a fleet predominantly powered by CNG. To facilitate this transformation, we are investing in expanding our CNG fuelling infrastructure, ensuring that our growing fleet has reliable access to CNG as our fuel,” Mr Pathak said.

He added that plans are afoot to aggressively pursue this timeline of deployment, beginning from the first quarter of 2025, saying, “We are keeping our eyes on the ball to ensure that we do not miss our target dates of full compliance.”

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Lagos Red Rail Line to Begin Full Passenger Operations October 15

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By Adedapo Adesanya

The Lagos State Government has announced that the Red Rail line will begin full passenger operations on Tuesday, October 15, 2024.

This was disclosed by the Managing Director of the Lagos Metropolitan Area Transport Authority (LAMATA), Mrs Abimbola Akinajo.

“Full passenger operations on the Lagos Rail Mass Transit (LRMT) Red Line will commence on Tuesday, October 15, 2024, Managing Director of Lagos Metropolitan Area Transport Authority (LAMATA), Engr. Abimbola Akinajo affirmed today,” a public notice from the agency read.

According to LAMATA, Governor Babajide Sanwo-Olu, members of his executive council, and other dignitaries will launch the passenger operations and ride with commuters on the first fee-paying passenger trip.

Mrs Akinajo said that train services would commence daily from Agbado at 6.00 am.

“Before now, trips have emanated from Oyingbo at 9.00 am. The first train therefore got to Agbado at 10.07 am. The adjusted timetable foreshadows upcoming commercial passenger operations commencing on Tuesday, 15th October 2024,” the agency said.

He explained that the new timetable was the outcome of data gathered through the series of tests, including that for the non-fee-paying passengers. According to him, the new timetable gives priority to the origin trips from Agbado where riders live and work at Ikeja, Oshodi, and Lagos Island.

“For passengers whose journeys terminate on Lagos Island, buses will be available at Oyingo bus terminal for them to complete their journeys,” LAMATA said.

“It would be recalled that infrastructure for the Red Line was commissioned by President Bola Ahmed Tinubu on 29th February 2024. The Red Line’s first phase spanning 27 kilometres has eight stations at Oyingbo, Yaba, Mushin, Oshodi, Ikeja, Agege, lju, and Agbado.”

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FRSC to Announce New Rates for Driver’s Licence, Number Plates

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By Modupe Gbadeyanka

The Federal Road Safety Corps (FRSC) has said it would update members of the public on the new rates for driver’s licences and number plates.

On Wednesday, the agency, through its social media platforms, released a revised rate for the items, attributing the increase to the Joint Tax Board (JTB).

However, after removing the information from its platform, it issued a rejoinder, claiming the image of the JTB was added to the notice “in error.”

In the now-deleted flyer, the road safety organisation said from November 1, 2024, to obtain a 3-year motor vehicle driver’s licence, applicants will pay N15,000, while the 5-year licence will cost N21,000.

As for the 3-year motorcycle and tricycle driver’s licence, it will now be N7,000 and N11,000 for the 5-year licence.

It also said the standard private vehicle number plate will cost N30.000, the standard commercial vehicle number plate will also be N30,000, while the fancy vehicle number plate will cost N400,000.

In addition, the motorcycle number plate will be N12,000, the articulated vehicle number plate will be N90,000, the deal motor vehicle number plate will be N100,000, the government fancy motor vehicle number plate will be N120,000, the government standard number plate will be N80,000, the government fancy motorcycle number plate is N50,000, and the government standard motorcycle number plate will beN20,000.

But in its rejoinder signed by its Assistant Corps Marshal for Corps Public Education Officer, Mr Olusegun Ogungbemide, on Thursday, the agency said, “Recall a flyer earlier released on revised rates for number plates and driver’s licence bearing JTB logo, which was earlier released on FRSC social media page, the corps wishes to inform the general public to disregard the content of the flyer, particularly as it relates to the JTB logo, which was added in error.

“Further information on the revised rates will be made available to the public in due course. The Corps regrets any inconveniences caused by the release.”

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