Connect with us

/">

BIG STORY

Sanwo-Olu Performs Ground Breaking Ceremony Of Lagos Rail Mass Transit Red Line Project [PHOTOS]

Published

on

History was made today (Thursday) in Lagos, with Governor Babajide Sanwo-Olu breaking the ground for the construction of the 37-km Rail Mass Transit Red Line, which will traverse from Agbado to Marina, moving more than one million commuters daily.

The rail corridor will be constructed in three phases. The first phase (Agbado-Iddo), which will be completed in 24 months, will be sharing the track with the Federal Government’s Lagos-Ibadan Railway Modernisation Project up to Ebute – Metta. It will have its dedicated track from Ebute – Metta to Oyingbo and reduce travel time from about two and a half hours to just 35 minutes. The passenger capacity of the first phase is 500,000 daily.

The ceremony was held at the proposed site of the Ikeja Train Station. It was witnessed by Minister of Transportation Rotimi Chibuike Amaechi, who was represented by the Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh.

To be fully operational in the last quarter of 2022, the Red Line, a project of the Lagos Metropolitan Area Transport Authority (LAMATA), will have eight train stations – from Agbado to Oyingbo.

The Red Line is to raise mass transportation capacity in the State, complementing the Blue Line that traverses from Okokomaiko to Marina. The Blue Line is at 78 percent completion.

Sanwo-Olu, who was at the event with the Deputy Governor, Dr. Obafemi Hamzat, handed cheques to property owners affected by the right-of-way, described the project as another initiative of his administration to deliver enduring infrastructure for the transport system and make Lagos a competitive megacity.

He said the traffic management and transportation pillar in his Government’s development blueprint – Project THEMES – was being implemented with the goal to develop an efficient and sustainable transportation model that would improve mobility, promote economic growth, and enhance the living conditions of residents.

He said: “Today’s flag-off of the construction of infrastructure for the standard gauge Red Line is another promise kept and it demonstrates, in practical terms, our commitment to achieve the objectives of traffic management and transportation pillar in our development agenda.

This is because we recognize the role which an efficient transportation system plays in enhancing people’s quality of life and as a major driver of socio-economic development.

“The State’s Strategic Transport Master Plan, which encompasses a number of projects that are germane to achieving our vision for a Greater Lagos, is founded on imperatives that seek to increase transport choices for all users and make the transit system integrated, attractive, convenient, affordable and accessible.

“Since efficient transportation is the backbone of any economy, we are happy to be committing this investment in our transport infrastructure, so that our people can meet their daily targets and aspirations. This all-important transport project we are all gathered to witness today represents a major step in this direction.”

Sanwo-Olu disclosed that the implementation of the Red Line was being supported under the Differentiated Cash Reserve Requirement (DCRR) programme – a financing package put in place by the State Government through the Central Bank Nigeria (CBN). The Governor expressed gratitude to President Muhammadu Buhari and the CBN Governor, Dr. Godwin Emefiele, for supporting the State in the bid to make the project a reality. He praised also the bankers who facilitated the funding.

To facilitate smooth operations of the Red Line, Sanwo-Olu said the State Government would be constructing ancillary infrastructure, including six overpasses at strategic level crossing points along the rail corridor to eliminate interactions between the rail system, vehicular and pedestrian traffic.

The overpasses will provide grade-separated crossings that will enhance safety for the rail system and road users.

Sanwo-Olu said: “The unique characteristics of the Red Line is its integration with the Ikeja Bus Terminal, Oshodi–Abule Egba Bus Rapid Transit (BRT) lane, the future Orange Line, which goes from Ikeja to Agbowa, and the General Aviation Terminal One of the Murtala Muhammed International Airport through a skywalk.

“Another unique feature of the Red Line is that all the stations have elevated concourses with either at grade island or side platforms for easy boarding and alighting of passengers. The Red Line also integrates with our Bus Terminals at Oyingbo, Yaba, Oshodi, Ikeja and Iju, giving modal options to our people in their daily commute, either for business or leisure.”

The Governor presented cheques of varying amounts as compensation to 25 residents whose properties, businesses, and accommodation will be affected by the project. Over 263 properties are affected. Many of the property owners and tenants were smiling as they got their cheques.

Commissioner for Transportation, Dr. Frederic Oladehinde, described the Red Line as a continuation of the implementation of the State’s Strategic Transport Master Plan, which made provision for six standard rail lines, one monorail, 14 BRT corridors, and over 20 waterway routes.

He said the intervention was a deliberate effort of the State Government and its development partners to make Lagos livable beyond the Year 2032.

Managing Director of LAMATA, Mrs. Abimbola Akinajo, said the project was a bold step and commitment of the Governor to solving transportation challenges in line with his administration’s development blueprint.

She noted that the construction would not be delayed by funding and human factors, as stakeholders were duly carried along in the projects.

The Lagos mass transit rail dream began in 1983 during the tenure of Alhaji Lateef Jakande, but it was stopped by the then Federal Government. Sanwo-Olu has vowed to ensure that the Blue Line and the Red Line are completed to the memory of the late Jakande.

BIG STORY

I Became Poorer After Ruling Imo For Eight Years —– Rochas Okorocha

Published

on

Former Imo Governor Rochas Okorocha has claimed he became poorer after ruling the state for eight years.

He stated this during an interview on Channels Television.

Okorocha, who represents the Imo West senatorial district, denied allegations he acquired properties with government funds.

He explained he had always been a successful person before coming into office in 2011 and dared anyone to come forth with evidence that he mismanaged funds meant for the government.

He said: “I challenge anybody to prove that I acquired any property with any government fund.

“I think people have forgotten that I was Rochas before becoming the governor of Imo State; I think they have forgotten completely.

“If anything, becoming a governor made me even poorer than what I was in the past. I don’t know whether I acquired any property here in Abuja, there is none.”

He stated that during his two-term as Governor, he built the best international cargo airport and police command in the country as well as 27 hospitals, a new Government House, a new Court, and a new prison complex, among others.

Speaking on his encounter with the Economic and Financial Crimes Commission (EFCC), he said: “I said to them (EFCC) that I have not come to respond to your call because there is already a matter in court and once a matter is sub judice, you cannot talk about it.

“Imo State government has taken me to court on the same subject matter and we are at the Federal High Court in Abuja on the same subject matter.

“EFCC is doing their job because if there is no report, they can’t nose into whatever you are doing; EFCC is not witch-hunting, they are acting on a petition being written by somebody.”

 

Continue Reading

BIG STORY

I’ve Not Declared Interest In 2023 Presidential Race —– Osinbajo

Published

on

The Office of the Vice President says permutations around the 2023 presidential race are a distraction as Vice President Yemi Osinbajo has not declared interest to contest.

Laolu Akande, the spokesperson to Mr Osinbajo, said in a statement on Monday in Abuja that the Office of the Vice President had no connection with an online attempt to rally support for him (Osinbajo).

“The attention of the Office of the Vice President has been drawn to a website: supportosinbajo.ng that is calling on Nigerians to join a volunteer group mobilizing support for Osinbajo ahead of the 2023 presidential election.

“Details of this website and the solicitation of the group are currently trending on WhatsApp with a suggestion that Osinbajo has “quietly” declared interest in the 2023 election.

“The Office of the Vice President is not in any way connected to this website or the group behind it and considers such an enterprise an unnecessary distraction.

“Osinbajo has not declared any interest whatsoever in the 2023 election; but he is rather focused on working in his capacity as vice president in the current administration to address all the compelling issues in the country and concerns of Nigerians, including finding effective and lasting solutions to the security challenges.

“Therefore, we ask that people desist from such unhelpful permutations while we all deal together with the challenges confronting us as Nigerians, and resolve them for the benefit of our people, peace, and prosperity in the land.’’

Mr Osinbajo was the running mate of President Muhammadu Buhari in the 2015 and 2019 presidential elections.

He had served as attorney general and commissioner for justice in the administration of former Lagos State governor, Bola Tinubu, who is reputed to be his political ally.

There are indications that Mr. Tinubu is warming up to run for president in 2023, though he is yet to confirm it.

 

(NAN)

Continue Reading

BIG STORY

BREAKING: EFCC Takes Over Nestoil Boss, Ernest Azudialu’s Ikoyi Residence

Published

on

Nestoil and NECONDE Boss, Ernest Azudialu, is caught up in the turbulence of steep and unforgiving commerce and the sad fact is that he lacks the instinct and judgment required to wade through the scary storm.

Yes, the truth dawned on the Anambra State-born flamboyant dude in a moment of profound terror.

According to The Capital, Azudialu’s massive mansion located in the pristine and prosperous Modupe Alakija Crescent formerly known as Ikoyi Crescent has been sealed by the Economic and Financial Crimes Commission, EFCC.

A reporter who was at the house affirmed that the anti-graft agency’s red ink embarrassingly announcing that the property was under investigation is boldly written on the building.

Whether Azudialu and his family can access the home is, however, not certain as at press time. What is sacrosanct, though, is that the property he calls home is now a subject of investigation by the EFCC.

This is coming at a time when the residents of the very serene and exclusive neighbourhood and Lagosians conversant with happenings in high society felt that what happened to Festus Fadeyi, the chairman of Pan Ocean Corporation, an indigenous independent oil and gas company, would not have an encore there. Fadeyi’s mouth-watering mansion, which had served as his family home for several decades in the same street, was confiscated by the Assets Management Corporation of Nigeria, AMCON, last year. The federal government agency took over Fadeyi’s Pan Ocean Corporation’s assets and its subsidiaries over bank loans totaling about N240billion.

Now, it is the turn of Nestoil’s Azudialu. This has left high-profile residents of Ikoyi shell-shocked because he was perceived to be a decent businessman despite his la Vida loca lifestyle. Although the reasons behind the EFCC’s action are sketchy, there are speculations that he is under investigation for financial crimes.

A while ago, he ran into stormy waters with a foremost commercial bank, which solely financed his Nestoil Towers straddling Akin Adesola and Saka Tinubu Streets in Victoria Island.

The allegation then was that he defaulted in servicing the facility that he obtained to build the towers.

In the past dispensation of former President Goodluck Jonathan, he benefited from juicy contracts and basked in luxury accruable from his position as Nestoil boss and a player in Nigeria’s oil industry. As cool cash flowed into his accounts, Ernest developed a taste for expensive luxury and soon he was known for his obsession with aircraft and his penchant for acquiring private jets and pricey automobiles.

Continue Reading

Most Popular