General
Lagosians Blast Ambode Over Public Holiday Declared for Buhari’s Visit
By Modupe Gbadeyanka
On Tuesday, the Lagos State government declared Thursday, March 29, 2018 as work free day in the state to welcome President Muhammadu Buhari, who is on a two-day working visit to the metropolis.
A statement issued by Commissioner for Information and Strategy, Mr Kehinde Bamigbetan, explained that the holiday was to allow residents of the ‘Aquatic State’ come out enmasse to welcome the President.
In the statement, Mr Bamigbetan urged residents to adhere to the security guidance earlier announced to make the visit as peaceful and orderly.
While in Lagos, Mr Buhari will commission the new Ikeja Bus Terminal, attend a colloquium in honour of national leader of the All Progressives Congress (APC) and former governor of the state, Mr Bola Tinubu, and as well as embark on tour of the Eko Atlantic City, among others.
During the visit, traffic would be diverted in some routes and Commissioner of Police in the state, Mr Imohimi Edgal, during a press briefing yesterday at the Lagos House in Alausa, Ikeja, said adequate preparations have been made to mitigate the impact of the road diversions on residents, while access would be given to any emergency situation.
Mr Edgal, who addressed the briefing alongside heads of security and emergency agencies in the state, said, “To ensure smooth, security-free visit of the President, we would need to do some diversions.
“Some certain roads will be closed at certain times; some diversions will be made but I want to use this opportunity to appeal for the support and understanding of Lagosians that this temporary road closures and diversions might cause a little inconvenience.
“We want the people to bear with us to ensure that we all join hands together to make the visit of Mr. President not only hitch-free but also very memorable.
“The road closures and diversions will be very temporary and immediately the President leaves a certain location, that area will be opened very quickly for the general public. We have also made adequate arrangements to mitigate the impact of the closures on residents.”
He listed the areas to be affected to include Bank Anthony Way in Ikeja, Agege Motor Road, a section of Eko Hotel Road in Victoria Island and Old Marina in Ikoyi axis.
Besides, Mr Edgal said security arrangement was already in top gear and that people would see a lot of deployment of personal of both military and civil logistics adding that it is nothing to worry about.
“We have done the necessary threat assessments; we have reached out to all stakeholders in areas that we believe we should reach out to them to ensure their full cooperation. We are using this opportunity to call again on the Okada Unions and the National Union of Road Transport Workers that they must abide with the terms of agreement we reached during meetings with them regarding the visit.
“We will not want to see commercial motorcycles plying the prohibited routes of Agege Motor Road, Bank Anthony Way and anywhere on the Island. Should that order be disobeyed, we would be constrained to ensure that you are arrested with your motorcycles impounded.
“Whoever is also found as a passenger will also be arrested and prosecuted so do not patronize these Okadas on these prohibited routes not only for the purpose of the visit but also to ensure that Lagos State Laws on the regulation of commercial motorbikes are obeyed at all times,” Mr Edgal warned.
He added that three locations have been designated for all first emergency responders to station their equipment and officials including the Police, National Emergency Management Agency (NEMA), Lagos State Emergency Management Agency (LASEMA), LASAMBUS, Civil Defence, Fire Brigade, among others at Ikeja, Victoria Island and Free Trade Zone at Lekki-Akodo axis.
On the Apapa gridlock which has spilled over to other parts of the state, the police chief said while the Joint Task Force set up by the state government was already working to ensure free-flow of traffic, the government nonetheless has commenced the construction of a new Trailer Park in Ijora axis that can conveniently accommodate 2,800 trucks and tanker at a time.
“The Governor of Lagos State, Mr Akinwunmi Ambode, in collaboration with stakeholders, has identified a location known as the White Sand in Ijora axis and we have done an assessment of the place with my colleagues in other agencies and all shanties there have been destroyed.
“Now, the state government has given out the contract to a firm and they are now smoothening up the place. It has the capacity to take well over 2,800 trucks and tankers at the same time. Work is ongoing there at a very fast pace and I can assure Lagosians that very soon, the place will be completed and we intend to move all trucks, tankers to that location and as soon as that is done, we would have permanently take care of this trucks and tankers,” he said.
But reactions have trailed this announcement by the state government with some residents castigating Mr Ambode for declaring a public holiday to welcome the President.
They argued that it was wrong to shut down economy of a ‘mega city’ just because the President was commissioning a ‘mere’ bus terminal that has minute effect on the economy at large.
Furthermore, the critics said it was insensitive to declared Thursday a work free day when Friday and Monday have already been declared as public holidays by Federal Government to mark Easter break.
A journalist with Bloomberg, Mr Paul Wallace, who wrote on his Twitter page, “#Nigeria’s President #Buhari is going to be in #Lagos on Thursday for the first time in a while and Lagos State government has declared it a “work free day,” had many Nigerian lambasting Lagos Governor for the move.
“Senseless set of leaders, declaring work free day for failed president…Lagos is (an emoji showing a face with medical mask),” one of the commenters said.
Another said, “Declare a work-free day, just like that; this doesn’t add up as many businesses especially banks will be adversely affected with Friday and Monday already public holidays.”
“Grounding To A Halt Businesses On A Thursday For The Commissioning Of A “BUS TERMINAL” ??? Outright Rubbish!!!..” a commenter also wrote.
“Arrant nonsense! How does this even make sense to our government? Shutting down a state for a whole day just to commission a bus station! Gutted!” another person said.
General
Nigeria Suffers First National Grid Collapse of 2025
By Modupe Gbadeyanka
Residents of Nigeria experienced a power outage on Saturday, January 11, 2025, after the national grid collapsed.
It was the first that occurred this year and it happened at about 3 pm today, according to information gathered by Business Post.
Last year, the nation recorded about 12 grid collapse that almost embarrassed the government, which later set up a team to look into the causes of the frequent collapse of the grid.
It was later that today’s incident occurred after power generation went down from 2,111.01 megawatts at 2:00 pm to about 390.20 megawatts by 4:55 pm.
This development caused a cut in power supply in most parts of the country, but the situation has been brought under control, with electricity restored in most affected areas.
General
Tinubu Seeks Increase to $2bn Naira-Yuan Currency Swap Deal
By Adedapo Adesanya
President Bola Tinubu on Thursday urged the Chinese government to increase the $2 billion currency swap between Nigeria and the Asian nation to enhance trade between the two countries.
He also called for an upward review of the $50 billion aid package for Africa, which China’s President Xi Jinping announced last year.
Recall that China and Nigeria recently renewed their currency swap agreement, valued at 15 billion Yuan (approximately $2 billion), to enhance trade and investment.
According to a statement signed by his media aide, Mr Bayo Onanuga, the President made this appeal and more while receiving the Minister of Foreign Affairs of China, Mr Wang Yi, at the State House Abuja on Thursday.
The President said increasing the level of currency swaps will speed up the infrastructural development in Nigeria and deepen the strategic bilateral relations.
“We still demand more in the area of currency swap. The level you have approved as a government for Nigeria is inadequate considering our programme. If you can increase that, it will be well appreciated. Our bond should grow stronger and become unbreakable,” the President was quoted to have said in a statement
President Tinubu noted that the continent’s infrastructural needs would require more commitment, urging a review of the amount to reflect the continent’s reality.
“I am happy you are part of China’s highest decision-making body. We will want you to use your position to influence improved project funding. First, I say yes to the 50 billion dollar support, and thank you for contributing to African growth.
“The infrastructural needs of Africa are greater than that, and we want to move as rapidly as our other counterparts. All share your vision of rapid development. Africa values the relationship with China, and we seek deeper collaboration for infrastructural development,” he stated.
President Tinubu also called on China to support Nigeria’s bid for a permanent United Nations Security Council seat.
“You are a member of the UN Security Council. We want you to use your influence to ensure Nigeria secures the seat,” the President said.
The Nigerian leader thanked President Xi Jinping for his warm reception during his visit to China last year.
He said Africa, particularly Nigeria, was prepared to meet developmental goals and contribute counterpart project funding
“We are ready to move and reach the various developmental goals. Due to our deliberation, we signed many MOUs and planned many action programmes.
“My visit during FOCAC was a good experience. We signed several comprehensive MOUs during the visit. We planned several programmes of action. As a result of that deliberation, I made sure that immediately after I returned, I appointed one of the best brains available to coordinate Nigeria-China relations, Mr Joseph Tegbe. He will work to actualise various MOUs and promote a greater understanding of developmental programmes.
“It is good that you came at such a critical time. My visit to China was a good experience. Once again, accept my sympathy for the earthquake in Tibet. It was a natural disaster that nobody expected. We commend your government for the rapid reaction to protect lives.
On his part, Mr Yi said Chinese investments in the country would focus on employment generation and infrastructural development. He said the Chinese National Development Bank had started funding some development projects.
He said the Chinese Government would support including an African country in the UN Security Council, adding that “it was a historical injustice by the world that should be corrected”.
“We stand with Africa, and we will not support a country that invades another country,” he stated.
The foreign minister said China would welcome Nigeria’s membership in the BRICS and participation in the global development mechanism.
He said China fully supported Mrs Ngozi Okonjo-Iweala, the Director General of the World Trade Organisation (WTO), for a second term in office.
The minister also lauded President Tinubu for his visionary leadership and consistency in projecting Africa’s needs, which require China’s support.
General
Nigeria Receives $52.88m Assets Linked to Diezani Alison-Madueke
By Adedapo Adesanya
Nigeria has received $52.88 million recovered Galactica assets linked to a former Minister of Petroleum, Mrs Diezani Alison-Madueke, from the United States Government.
The Attorney-General of the Federation and Minister of Justice, Mr Lateef Fagbemi (SAN) disclosed this at the formal signing ceremony of the asset agreement between Nigeria and the US in Abuja on Friday.
Delivering his remarks, Mr Fagbemi explained that $50 million of the recovered assets will be deployed through the World Bank to the development of the rural electrification project and the remaining $2 million will be deployed to the International Institute of Justice to expand the Justice system and also counter corruption.
Mr Fagbemi noted that the asset return marks a milestone in the ongoing collaboration between Nigeria and the US in combating corruption and upholding the rule of law
He said the event is also a significant effort by President Bola Tinubu to address the issue of corruption.
Meanwhile, in his remarks, the United States Ambassador to Nigeria, Mr Richard Mills called for the monitoring and effectively utilizing the recovered assets by the Ministry of Justice to benefit Nigerians.
Mrs Diezani Alison-Madueke has been accused of abusing her power when she was petroleum minister under the administration of former President Goodluck Jonathan in Nigeria, including accepting financial rewards for awarding multi-million-pound contracts.
In 2023, the United Kingdom National Crime Agency (NCA) alleged that Mrs Alison-Madueke benefited from at least £100,000 ($127,000) in cash, chauffeur-driven cars, flights on private jets, luxury holidays for her family, and the use of multiple London properties.
Other charges against her also detail financial rewards, including furniture, renovation work and staff for the properties, payment of private school fees, and gifts from high-end designer shops such as Cartier jewellery and Louis Vuitton goods, the NCA said.
Since she left office, she has been dogged by corruption allegations but denies the charges.
The 63-year-old woman has been on bail since first being arrested in London in October 2015.
The US Department of Justice has recovered assets totalling $53.1 million linked to Mrs Alison-Madueke’s alleged corruption.
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