By Ahmed Rahma
The Governor of Delta State, Mr Ifeanyi Okowa, has appealed to residents of the state, especially those in Agbor, to patronise the newly commissioned Park Vega Waterpark.
On Friday, December 4, 2020, several dignitaries from all walks of life converged to witness the opening of the park, which is regarded as the largest in West Africa.
The commissioning was done by Mr Okowa, who was represented by the Delta State Commissioner for Information, Mr Charles Aniagwu, a veteran journalist.
In his speech, the Governor said Park Vega Waterpark will boost tourism not only in Delta State but in Nigeria because of the facilities in the place.
He further said, “Park Vega Waterpark is in line with the Delta State development agenda that includes strategic wealth creation and transforming our environment by developing facilities.
“Those who will work here will no longer be classified as unemployed because they have created jobs for our unemployed children.
“I commended the Dein of Agbor for upholding our culture and thank the initiators of the Park Vega Waterpark vision for sighting it in Delta State as they could have taken it anywhere.
“I want to encourage others to start setting up complementary businesses near the Park to make Ewuru, Agbor to become a major town and urban centre.”
He added that, “The success of the park can only be guaranteed if we all patronise [it] by bringing our family, children, and encourage friends to also visit the park even if they live in Asaba.
“The good thing is that there is no place you will find a park as well built as Park Vega Waterpark that we are looking at in the country.”
Also speaking at the event, the Dein of Agbor, Mr Benjamin Ikenchukwu Keagborekuzi, thanked the initiators of the park for locating it in Agbor.
The traditional ruler prayed that “the project will grow from strength to strength,” appealing to residents of Agbor to “support the park.”
In her speech, the Managing Director of Park Vega waterpark, Mrs Nancy Orji, noted that the unveiling marks the beginning of a shift in the economy of Agbor and the state from an agrarian, oil, and government-funded economy to a private sector-driven economy.
“Park Vega Waterpark is a world-class waterpark, a member of IAAPA (International Association of Amusements Parks & Attractions) and WWA (World Waterparks Association), is set to be Nigeria’s and indeed, West Africa’s first International Standard Waterpark.
“We have already begun to receive commendations from these International associations for our dedication to pioneering the attraction industry in western Africa,” Mrs Orji said.
She added that “this waterpark is a tourist attraction and is, therefore, a core element of the tourism value chain because it’s a great motivator for tourism trips and expenditures and by extension, is capable of revitalizing local economies by pulling tourists across west Africa and Nigeria.
“Thus, increasing revenue for the government, local businesses and residents, in addition to providing direct and indirect jobs as professionals now come to Agbor look for work.”
Ebonyi Airport Will Attract Local, Foreign Investments—Sirika
By Aduragbemi Omiyale
The Minister of Aviation, Mr Hadi Sirika, has said the proposed airport in Ebonyi State will attract local and foreign investments to the south-east state.
The Minister said this when he received Governor Dave Umahi in his office in Abuja on Thursday to discuss the airport project.
He commended his guest for the foresight, describing the Ebonyi airport project as worthwhile.
According to him, the decision to build the airport is courageous as it will expose the state’s agricultural potential to the international market.
He told Governor Umahi that the administration of President Muhammadu Buhari has, since its inception, embarked on creating an enabling environment for the expansion of the aviation industry in Nigeria which has been severally acknowledged by the global aviation community.
The Minister also gave the assurance that the Ministry of Aviation will do whatever is required to bring the project to fruition, considering the prospects for employment generation.
Earlier, Governor Umahi had briefed the Minister on the progress of the airport project and said he remained committed to its successful completion, considering the expected benefits to the people of the state.
He expressed the appreciation of the state to the federal government, especially the Aviation Minister, for the encouragement and support in seeing the project to its present stage, assuring him that the airport, when completed, will meet all industry requirements.
Sustaining Nigeria’s Transport Sector Using Technology
An efficient transportation sector facilitates exchanges that result in the improvements of lives and economies globally. Every day, transport stakeholders develop new ways that support the sustainability of this sector. This stems from the knowledge that the movement of humans, goods and services remains a fundamental part of a country’s economy, and extensively, global economic growth.
In the third-quarter economic performance report for 2021 released by the Nigeria Bureau of Statistics (NBS), the growth in the non-oil sector cannot be overlooked, with the transportation sector also making significant leaps in the quarter, making it one of the fastest-growing sectors in Nigeria in Q3 2021.
The modes of transportation that made these impressive contributions to the economy were rail transport and pipeline (59.93 per cent), air transport (33.31 per cent), road transport (21.11 per cent), and water transport (16.30 per cent). For a country with over 200 million people, the need for a robust means of transportation cannot be overemphasized.
And this guides the federal government’s decision to put initiatives in place to close the gap in the transportation sector through a multi-modal transport system. Although these initiatives are yet to be unveiled, the Lagos State Government has embarked on its own ambitious multi-modal transport system in a bid to upgrade the state to smart city status.
According to the state government, there is fund available to complete the various projects, including the creation of rail lines for intracity trips and other works that will put the proper infrastructure in place for an efficient transport system in the state. To further drive this conversation on the importance of building a sustainable transport system in the metropolis, the Lagos Transport Fest, held on December 13, 2021, drawing stakeholders from both the public and private sector to discuss the way forward in improving Nigeria’s transport system.
The event focused on every aspect of transportation including road, rail, logistics, and ports, noting the importance of a cross-sector partnership to develop the transport sector. In the outline of the event’s agenda, one element made a repeated appearance: technology.
This highlights the fact that technology can bring about changes in the operations of businesses within the rail, maritime, aviation, and road modes of transportation. Technology has continued to prove itself a force to reckon with, evident in the unprecedented changes it has produced across sectors, and the transport sector in Nigeria is not any different.
These perceived and observed changes have led to a steady rise in its utilization, as digitization of processes in various economic quarters has become not just widely accepted but even encouraged. Speaking along these lines was one of the event’s sponsors, Interswitch, Africa’s leading digital payment company, who noted the effect of innovation on the country’s transport sector would increase accessibility to safe payment methods and the attendant ease for commuters.
The need for digitization in the transportation business became notable during the heat of the pandemic, as innovators devised new ways to conduct their businesses without the need for physical contact between individuals. This was especially observed in the logistics sector which saw more companies adopting technological solutions while minimizing physical contact.
In developed countries, other solutions such as robotics, drones, the Internet of Things (IoT) and Artificial Intelligence (AI) swiftly became a replacement for humans to reduce human contact and by extension, the spread of the virus.
Transportation and the AfCFTA
It would almost be remiss if there was no mention of Intra-African trade through the Africa Continental Free Trade Agreement (AfCFTA), which is expected to facilitate stronger trading relations between countries on the African continent. With this in view, experts have highlighted the deficits in the transportation sector that could hinder Nigeria – Africa’s current leading economy – from accessing its full potential, relegating it behind other smaller African nations with better systems in place.
However, giving reassurances of the country’s readiness to participate in this monumental intra-continental trade, the Minister of Transportation, Rotimi Amaechi, said, at a 2-day conference, that the federal government had taken seriously the business of transportation.
He noted that “The transportation sector is the most critical in implementing trade facilitation, enhancing regional integration is key to every other AfCFTA protocol. Hence, the Nigerian government has embarked on huge transport infrastructure investment across the country to ensure efficiency in the transportation sector.”
He also highlighted the importance of digitization in the sector as one of the major elements that require a sturdy infrastructure for successful intra-continental trading. The minister noted that his ministry was dedicated to improving digital services in the transport system through the automation of services.
In the same vein, analysts are projecting a boost in free trade in Africa through digitization. With about 36 countries ratified onto the AfCFTA, it is estimated that over 1 billion consumers on the African continent, with a growing Gross Domestic Product (GDP) of $3.4 trillion will be integrated.
However, the ever-fluctuating, dollar-reliant exchange rate system on the continent remains a challenge to trade within the continent. To address this, the African Export-Import Bank (Afreximbank), in collaboration with the West African Monetary Institute (WAMI), developed the Pan-African Payment and Settlement System (PAPSS) to facilitate cross-border payment between traders in Africa, which would involve participating central banks.
Interswitch, through some of its brands, has continued to enhance cross border payments – Quickteller, a borderless digital payment solution service and Verve card, a payment card issued in 8 African countries with acceptance in over 22 countries on the continent. These services and products are aiding payment between African traders, removing transaction barriers.
To take full advantage of this untapped market, countries would need to develop better transport infrastructure and systems and fortify payment systems to lessen the stress that comes with it, which will help to properly connect markets across the continent and achieve the overarching goal of a prosperous continent.
Enormous opportunities abound in the transport sector, but to tap into these there is the need for a concerted effort from stakeholders in both the public and private sectors to ensure that consumers have seamless experiences while moving goods, services, people and payments across borders.
New High-Speed Trains to Boost Lagos Urban Transportation
By Adedapo Adesanya
The Lagos State government has said the two newly acquired high-speed trains for its Red Line rail project will improve the state’s goal of achieving urban transportation as it will improve traffic management and transportation.
This was as Governor Babajide Sanwo-Olu completed the acquisition deal of the two sets of 10 cars Talgo 330 kilometre per hour trains on Tuesday at an event held inside the Milwaukee facilities of Spanish train manufacturer, Talgo Incorporated, in the United States.
Mr Gboyega Akosile, who is the Chief Press Secretary to Governor Babajide Sanwo-Olu, in a disclosure revealed that the trains will be heading to Lagos for the Red Line – a 37km track rail project which will have 11 stations and will be the first operational metro system in West Africa when completed.
“A train is not something you can just go on the shelf and pick up,” the Governor was quoted as saying at the event.
“We are very lucky to get brand new trains. We have seen our beautiful white and red trains. Coincidentally, the rail line is called Red Line and you can see they have given us the colour. We are just going to brand it and put up our seal there.
“We hope that this (purchase of the trains) will be the beginning of a mutually beneficial business relationship. Providing a source of livelihood for our citizens is all about providing jobs for our people and that is what we are doing. It is about ensuring that we can build our economy; people can move from one location to another, and businesses can grow.
“Part of what we have done in the last two and half years is to have what we call Integrated Urban Mass transportation system, where we will be using road infrastructure, waterway infrastructure, and rail infrastructure so that we can move over 20 million Lagosians within and around the city,” he added.
Governor Sanwo-Olu gave an assurance that the first phase of the Red Line would begin by the last quarter of 2022 or the first quarter of 2023, with a capacity of 500,000 passengers daily.
Like Our Facebook Page
Latest News on Business Post
- Ebonyi Airport Will Attract Local, Foreign Investments—Sirika January 20, 2022
- Proposed Amazon Headquarters in South Africa Under Threat January 20, 2022
- Zenith Bank to Give Akwa Ibom N4.7bn Loan for Auto Plant January 20, 2022
- Entries Open for Second ALAT Food Challenge January 20, 2022
- Nigerian Developer to Launch New First-person Shooter Game January 20, 2022
- Bisola Aiyeola to Host Season 5 of NdaniTV’s Real Talk January 20, 2022
- Nigeria Rakes N174.9bn from 2020 Marginal Field Bid Round January 20, 2022
- Simi, D’Banj Join Obi Asika as Nigerian Idol Season 7 Judges January 20, 2022
- Sustaining Nigeria’s Transport Sector Using Technology January 20, 2022
- New High-Speed Trains to Boost Lagos Urban Transportation January 20, 2022
Feature/OPED2 years ago
Davos was Different this year
Economy5 years ago
Kwara Disburses N1.7b For Projects
Travel/Tourism5 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
Technology1 year ago
How To Link Your MTN, Airtel, Glo, 9mobile Lines to NIN
Economy5 years ago
How To Identify Fake Naira Notes
Banking4 years ago
Sort Codes of GTBank Branches in Nigeria
Economy4 years ago
NSE Market Capitalisation Sheds N76b as Sell‐offs Persist
Economy4 years ago
FAAC: FG, States, LGs Share N655.18b in January