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Delta Line Shares Divested to Make it Profitable—Okowa

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By Modupe Gbadeyanka

Delta State Governor, Mr Ifeanyi Okowa, has explained why his administration decided to divest shares of the state-owned transport company, Delta Line, to a private organisation.

In a statement issued in Asaba, the Executive Assistant to the Governor on Communications, Barrister Fred Latimore Oghenesivbe, emphasised that Delta Line was not outrightly sold to God is Good Motors as being peddled on social media.

According to him, government is making solid plans to divest part of its shares in the transport company to pave the way for joint ownership with the highest bidder, adding that the divestment of shares became necessary to make the company viable and better managed by tested and trusted stakeholders in the transportation sector.

“The state government is not comfortable with the poor financial status of Delta Line despite the huge investments in billions of Naira pumped into it in the past; a development so frightening due to inability of the company management to pay staff salaries and maintain its fleet let alone making profit for government.

“Similar transport companies in the state and elsewhere managed by private investors are doing very well, declaring huge profits year after year while Delta Line continue to degenerate; and all efforts put in place to make the company viable proved abortive hence government decided to divest part of its shares and partner with professional managers in the transport sector to manage Delta Line efficiently and profitably.

“The huge leakage of funds became unbearable which led to the sack of various key management staff of the transport company and strict checks and balances were introduced. These measures could not also solve the problems as rogue elements within the system quickly devised new unscrupulous methods of stealing money.

“The company was unable to save money to pay backlog of salaries and entitlements and therefore could not function effectively and efficiently without partial funding by government,” he said.

On the allegation that the Delta State Chapter of the Nigerian Labour Congress (NLC) offered N2 billion in its bid but government decided to sell its shares to God is Good Motors, Mr Oghenesivbe explained that there is no concrete evidence that NLC presented financial statements showing capacity to pay for the shares, adding that it is hazy as to NLC strict compliance with the bid.

On the unconfirmed rumour that some members of Delta State Chapter of the All Progressives Congress (APC) are planning to stage protest to force government to reverse its decision to stop the divestment process, Mr Oghenesivbe said the decision subsists and cannot be put on hold or jettisoned for any reason whatsoever, adding that the divestment is a well throughout strategy to revive Delta line, manage it efficiently, imbibe good corporate governance and make profits for government and other shareholders.

“APC Delta is completely out of the political radar in the state hence its leaders and docile handful of members want to busy themselves with a matter that was well deliberated upon and proper decisions taken for the interest of the state and Deltans.

“APC should concentrate on how to manage its three years old internal crisis rather than meddle with issues of good governance alien to the party’s (APC) mediocre leaders and their overzealous followers in Delta State.

“The co-shareholders saddled with the responsibility of managing Delta Line shall retain the work force after critical staff audit and competence evaluation exercise expected to weed out ghost workers and redundant human elements in the now unprofitable transport company.

“There is nothing to worry about because the name and corporate colours of Delta Line shall be retained, operational routes and scope of daily commercial and administrative activities sustained and modified except for strategic restructuring as may be effected by the new managers for the purposes of good corporate governance and viability,” the statement added.

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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Interswitch Digitises Nigeria’s Interstate Travel With Ticket Vending Platform

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Interswitch

By Modupe Gbadeyanka

Nigeria’s interstate transport ecosystem has been digitalised by the introduction of a ticket vending platform by one of Africa’s leading integrated payments and digital commerce companies, Interswitch.

This comprehensive digital solution was designed to transform ticketing, streamline operations, and enhance service delivery.

At the core of the solution is a secure, token-based system that allows travellers to purchase digital tickets across multiple channels, including web, mobile, and dedicated point-of-sale (POS) devices deployed at transport terminals.

These tokens serve as verifiable digital vouchers, which are validated and redeemed at boarding points, significantly reducing inefficiencies associated with manual ticketing, cash handling, and fragmented sales processes.

It was developed as both an operational management system and a digital marketplace to allow transport operators, particularly small and medium-scale businesses, to digitise their end-to-end processes while connecting to a broader customer base through the Quickteller ecosystem.

With this innovation, operators can seamlessly create and manage routes, oversee terminal activities, track sales, and access real-time performance insights from a single, centralised platform.

It also introduces a marketplace experience that enables travellers to search, compare, and select transport options across multiple operators based on routes, schedules, and pricing. This not only simplifies journey planning but also promotes transparency and choice for commuters.

The platform also supports corporate and institutional users by enabling bulk token purchases, offering a flexible and efficient solution for organisations managing employee or group travel.

In addition, it delivers value to regulators and stakeholders within the transport ecosystem by providing access to structured data and actionable insights that can support oversight, licensing, and consumer protection efforts.

“Transportation remains a critical backbone of Nigeria’s economy, yet much of the sector still operates with fragmented systems and manual processes that limit efficiency and growth.

“With the Ticket Vending Platform, we are introducing a scalable digital infrastructure that empowers transport operators to modernise their operations, expand their reach, and deliver a more seamless experience to travellers.

“Beyond ticketing, this is about creating a connected ecosystem, one that brings together operators, commuters, and regulators on a unified platform, while driving transparency, efficiency, and long-term value across the industry,” the Managing Director for Industry Ecosystems at Interswitch, Ms Chinyere Don-Okhuofu, said.

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FRSC, Brewery Companies Renew Pact to Tackle Drink-Driving

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FRSC Brewery Companies

The Federal Road Safety Corps (FRSC) has renewed a strategic partnership with major brewing companies in Nigeria to intensify efforts against drunk driving and improve road safety nationwide.

The renewed Memorandum of Understanding (MoU), signed with members of the Beer Sectoral Group (BSG), extends the collaboration for another five years, with both sides pledging to deepen public awareness, enforcement and community engagement.

FRSC Corps Marshal, Shehu Mohammed, said the partnership underscores the importance of synergy between government and the private sector in addressing road crashes, particularly those linked to alcohol consumption.

He stressed that saving lives on Nigerian roads requires sustained collaboration, adding that the corps would continue to work with industry players to promote responsible behaviour among motorists.

Speaking on behalf of the BSG, Managing Director of Nigerian Breweries Plc and Chairman BSG, Thibaut Boidin, said the renewal reflects the industry’s commitment to sustained collaboration with regulators. He cited previous joint campaigns, including the Don’t Drink and Drive Campaign, as impactful, adding that the next phase would focus on expanding reach and strengthening implementation.

Also speaking, the Managing Director of Guinness Nigeria, Girish Sharma, said the industry remains committed to supporting initiatives that promote safer roads. He noted that while alcoholic beverages are often blamed for road crashes, the real issue lies in irresponsible consumption, particularly drinking and driving.

“We are here to work with you and ensure that this programme grows bigger and delivers real impact. Saving lives is what matters most,” he said.

Similarly, the chief executive of International Breweries Plc, Mr Nicholas Kade, commended the FRSC for its dedication, describing the corps’ efforts as critical to making communities safer. He said the brewing industry would continue to support initiatives that promote responsible drinking and road safety.

The Executive Director of the Beer Sectoral Group, Ms Abiola Laseinde, described the renewal as a milestone in public-private collaboration.

She said the partnership had driven nationwide campaigns against drunk-driving, influenced behaviour and reached millions of Nigerians with road safety messages.

Ms Laseinde added that both parties would scale up interventions in the next five years to further reduce crashes and promote responsible alcohol consumption.

The FRSC and BSG’s partnership has been central to national campaigns discouraging drunk-driving, with stakeholders expressing optimism that the renewed agreement will deliver stronger outcomes.

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NRS Denies Introduction of New Vehicle Tax from July 1

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new vehicle tax

By Modupe Gbadeyanka

The Nigeria Revenue Service (NRS) refuted reports making the rounds on social media that the federal government plans to introduce a new tax on vehicles from July 1, 2026.

Mr Dare Adekambi, who serves as the Special Adviser to the NRS Chairman, Mr Zach Adedeji, and spokesperson for the organisation, said in a statement that the government was not planning to introduce the vehicle tax as claimed.

He described a viral infographic purporting the policy as false and misleading, urging members of the public to disregard it.

Mr Adekambi advised citizens to only rely on information from the NRS, urging them to follow the company its official handles on all social media platforms and its website for accurate information about tax and its activities.

In the infographic, motorists were directed to pay an unspecified vehicle tax rate online or at approved banks and agencies. The website listed as NRS’s was the old one, http://www.firs.gov.ng and not the new http://www.nrs.gov.ng created after it was rebranded.

“The NRS wishes to state categorically that the information did not emanate from the service or any government agency.

“Citizens are, therefore, advised to disregard the fabricated messages designed to mislead the public and instead rely on official government channels for information on government policies,” Mr Adekambi said in the statement.

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