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Lagos Partners CIG Motors To Acquire 5,000 Vehicles For Transport Sector [PHOTOS]

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The Lagos State Government has entered into a partnership with CIG Motors Company Limited to procure 5,000 brand new vehicles for its transportation system.

The agreement was signed at the Government House in Alausa, Ikeja, on Monday. Governor Babajide Sanwo-Olu revealed that Ibile Holdings Limited, a state-owned entity, played a crucial role in facilitating the partnership.

The project aims to revolutionize road transportation in Lagos, generating employment opportunities and stimulating economic growth for the state’s residents.

“Today, we’ve used our investment outfit called the Ibile Holdings and I think I need to thank them, the current management staff, for responding quickly to their bill to use our investment vehicle, the Ibile Holdings to execute what we believe will be a very successful joint venture,” the governor said.

“The joint venture between the Ibile Holdings and CIG Motors and CIG Motors Company Limited, GAC Motors, especially the brand, in the acquisition of 5,000 new vehicles within our land border.

“We started the first 1,000. We’ve seen how we did. We’ve provided jobs to our people. We’ve created an e-hailing service. But we realise that we need to tweak it.

“We need to provide a lot more fleets and we need to also push the brands to be more acceptable and to be able to move around in different groups and brands of the state.

“In that goal, the first order of vehicles was to see 2,000 coming and in that 2,000, we will be having electric vehicles. That has been the conversation.

“Also these vehicles, we imagine, will begin to change the carbon footprint that we’ve all been talking about as in the future of transportation, as in the future of energy transition, the future of climate change, until we don’t want to take the vaccine.”

Sanwo-Olu also announced plans to introduce carpooling and logistics services, as well as executive chauffeur and rental services, to complement the new transportation system.

“We’re actually a city that is proactive and that lives with other big and major cities of the world and so you will see that this partnership is not just an e-hailing service,” he added.

“It’s also to provide smart taxes for us to be able to do what we call carpool, for us to be able to solve logistic problems, for us to be able to solve delivery problems, and for us to also have executive chauffeur and reliable rental services.”

Sanwo-Olu added that the state plans to venture into air transportation.

“I think the only vertical, which I’m also going to announce here, is that we want to go into air transportation and for us, that will very quickly encircle everything in public transportation that you can imagine in the world,” the governor said.

“Lagos state is also looking at that and we’re doing extensive study, so when we say that we want to build an airport, we just don’t want to build an airport.

“We want to go into that means of transportation and begin and be able to do it and do it very, very well.”

Diana Chen, chairman of CIG Motors, expressed her excitement and honour to partner with the Lagos state government.

Chen commended the governor for his vision and commitment to developing the state’s transportation infrastructure.

She highlighted CIG Motors’ achievements in Nigeria, including the setting up of a fully automated assembly line for automobiles and the delivery of the first affordable brand new cars in the country.

Chen emphasised the company’s belief in keeping promises and delivering on commitments, despite challenges.

“This is our world. We keep our world as our mind. So, come this stage, we have another new and significant key partnership agreement signed today,” Chen said.

“I emphasise that this is an agreement. It’s not an MOU. That means it’s a really official authority and another highly competitive signing today.

“We, all our team here, even our great partner, Mr. Wang, he comes from China, representing JC International. They are giving us full support for this project. Our bank finance, our bank’s people, right? Your people, you know, this is a huge project.

“Mr. Henry, you know, we work together to raise the money from the capital markets. So, they are all my allies. They are all my allies to make sure this project must deliver in the next three, five years.

“In the next three to five years, we are talking to embark over 1 billion brand new cars driving on our east passport. With that 1 billion brand new cars driving on this passport, every chip, think about how much the economy will be.

“So, the GME of that project, we are talking very simple. Within five years or seven years, 1.3 billion USD, that’s our target for the team. We are talking about this one because we have a very strong sense of commercial business analysis.

“That’s why we are able to challenge that. Just contribute 20% GDP. The rest of our business people, our expertise, our international technology partner, to make sure with the deal of this project, we will help the country to revive the economy.”

BIG STORY

National Assembly Passes Life Imprisonment Bill For Nigerian Drug Traffickers

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In a bid to tackle drug-related crimes, the National Assembly has amended the National Drug Law Enforcement Agency (NDLEA) Act, introducing life imprisonment for drug offenders and traffickers.

This comes after the Senate and House of Representatives adopted the harmonised report on the amendment.

Senator Tahir Monguno, Chairman of the Senate Conference Committee, presented the report, highlighting that the amendment introduces stricter penalties to deter drug-related crimes.

“Any person who unlawfully engages in the storage, custody, movement, carriage or concealment of dangerous drugs or controlled substances and, while doing so, is armed with an offensive weapon or disguised in any manner, commits an offence under this Act and is liable, upon conviction, to life imprisonment,” Monguno said.

The Senate approved the amendment through a voice vote during Thursday’s plenary, which was presided over by Deputy Senate President Barau Jibrin.

In addition, the Senate passed the Revenue Mobilisation, Allocation, and Fiscal Commission Bill, 2024, aimed at replacing the 2004 RMAFC Act. Yahaya Abdullahi, Chairman of the Senate Committee on National Planning and Economic Affairs, stressed the need for the commission’s reform, citing Nigeria’s declining revenue and increasing population.

“The Act, last revised over 20 years ago, no longer reflects Nigeria’s evolving economic realities. This bill proposes additional funding and a restructured operational framework for the commission to improve its efficiency,” Abdullahi explained.

He further emphasised the need for adequate funding from the Federation Account for the RMAFC to effectively carry out its constitutional duties.

The bill, passed after deliberations and a majority vote, now awaits President Bola Tinubu’s assent to become law.

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UPDATE: We’re Ready To Provide Evidence For Trial Of Simon Ekpa — Enugu Government

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The Enugu State Government has expressed its readiness and willingness to provide evidence to assist in the prosecution of Simon Ekpa, who was arrested in Finland on Thursday over allegations of sponsoring terrorism in Nigeria.

Enugu State Government made this offer in a statement released by the Secretary to the State Government, Prof. Chidiebere Onyia, on Friday.

In the statement, the Enugu State Government also commended the Government of the Republic of Finland for the arrest of Ekpa, whom it described as “the Finland-based leader of the criminal gang, Autopilots.”

The Enugu State Government further referred to Simon Ekpa as “a common criminal, con man, and terrorist, who has no interest of Igbo people at heart.”

It added that Ekpa “is a murderer and fraudster, who delights in killing his people and living large off their misery.”

“Enugu State was ready and willing to provide evidence of Ekpa-sponsored atrocities against Ndigbo to aid his trial and conviction, whether in Finland or Nigeria.”

“The Enugu State Government welcomes the arrest of the Finland-based terrorist, Simon Ekpa.”

“His arrest and trial will no doubt go a long way in strengthening peace, security, and stability in all parts of the South East.”

“This arrest is in line with the demand of Governor Peter Mbah Administration, which has repeatedly made it known that Ekpa is a megalomaniac, common criminal, murderer, and fraudster, who takes joy in feeding fat on the manipulated emotions of Ndigbo and inflicting misery on the South East region.”

“Ekpa has for long, and unfortunately from Finland, made a living by creating a siege climate and mentality in the South East, destroying lives, property, and the Igbo trademark of entrepreneurship and hard work.”

“He thrives on manipulating, exploiting, and extorting the people on the pretext of fighting for their interest and for the restoration of Biafra,” the government said.

Ekpa was arrested and detained alongside four other suspects by the government of Finland on charges of sponsoring terrorism in Nigeria, according to local newspapers in the European country.

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BIG STORY

Much Ado About Meddlesome Minions, And Messengers Of Misinformation — By Tayo Williams

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There is a growing phalanx of pseudo-intellectuals parading the social media space with faux and fictitious knowledge of the indigenous oil and gas industry, and it is scary because of the grave danger they portend and present for the average Nigerian.

From X (formerly known as Twitter) to Facebook and even the photos and videos-sharing site, Instagram, they abound, in their inglorious number, lending their platforms to deliberately distort facts and spread misinformation especially to favour the narratives propounded by popular Nigerian businessman Aliko Dangote, owner of the Dangote Petroleum Refinery.

Since the refinery began operations earlier in the year, it has been one week, one controversy allegedly orchestrated by Dangote in a brazen attempt to arm-twist the Nigerian National Petroleum Corporation Limited, NNPCL, into playing by his rules.

Those conversant with the modus operandi of Dangote and his refinery say the long-drawn warfare with every institution and individual in the oil and gas value chain is nothing but a self-seeking and mindless profit maximisation tactic.

Whilst nobody begrudges Dangote’s drive for profit as a businessman, perhaps he needs to be reminded that the NNPC has a mandate to ensure and provide energy security in a way that is affordable and sustainable for the generality of Nigerians. And, the NNPCL management has declared in very unambiguous terms that it would not pander to the din of the market whether orchestrated by Dangote, his rampaging minions or anyone else.

The truth, however, is that there is an increasing army of vacuous, vicious, and vile individuals strutting the social media space defending and propagating outright and outlandish falsehoods. Of particular concern is one Kelvin Emmanuel who has become the unofficial mouthpiece of the Dangote Refinery. Going from one media house to the other, he pulls figures out of the air and projects obnoxious untruths on hapless Nigerians. With the backing of his paymaster’s billions, it is no surprise that this otherwise irrelevant and fatuous character now commands appearances on major television stations.

But it is on X that he has made lying glibly and gratuitously the Holy Grail. He once premised Dangote’s inability to secure feedstock for his refinery on the government and the NNPCL. While peddling this untruth, he conveniently forgets that the refinery had a seven-year window, during its construction phase, to lock in feedstock supplies that could last a minimum of five years. Dangote did none of that. As it would later unfold, his game plan, which Emmanuel glossed over, was to monopolise equity oil and production quotas to serve his business interests.

Another deliberate misinformation from the Dangote camp was the allegation that International Oil Companies (IOCs) and other industry players were trying to sabotage his interests. Apart from being an investor in the Dangote Refinery, the NNPC still supplies gas to various Dangote companies across Nigeria. How can anyone or any institution jeopardise their investment? What further proof of faith does Dangote and his minions need to know that the NNPC is their cheerleader, and is here to make operating in the industry seamless and a win-win for all?

Echoing Dangote’s baseless stance, Emmanuel also called for the sack of Mr. Farouk Ahmed, Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), regulators of Nigeria’s midstream and downstream value chain. By Emmanuel’s warped reckoning, Ahmed had no locus to speak against Dangote or his enterprise because the latter questioned the quality of the product from Dangote Refinery and other local refineries in comparison with imported ones. Of course, Emmanuel’s was a lone voice in the wilderness because those who understand the invaluable role that the NMDPRA plays in the industry did not as much as dignify his tirade with a glance.

In a robust response to Emmanuel’s groundswell of egregious lies, Ibrahim Y. Kabo, a petroleum engineer based in Abuja, described him as “Someone who has not seen the inside of a refinery before Dangote built one, let alone understood the mechanism of the energy industry, …(yet) assuming the role of an authority in oil and gas matters.”

He went further to lampoon Emmanuel for stating that only Dangote Refinery’s products meet specifications while others are all sub-standard. “The obvious question is: whose specifications? For a refinery that has barely made four of seven pre-inauguration certifications, it sounds somehow laughable to suddenly assume the role of regulator in an industry you’ve barely entered,” Kabo said.

In the article, entitled, “The Hand of Aliko, the Voice of Kelvin: Inside Dangote Refinery’s Media Stunt Lab”, Kabo declared that from all Emmanuel’s interviews and pretensions to be an industry expert, one thing is obvious: “He lacks an understanding of both the mandate and the reach of NNPC as a national oil company.”

Kabo adds that, “Downstream is the least of NNPC’s business interests. The mandate, as per PIA (Petroleum Industry Act), is to facilitate both the extraction and commercialization of Nigeria’s oil and gas resources. 20 billion dollars may be a lot, but NNPC and industry regulators routinely handle projects of that magnitude. At best, Dangote and (Emmanuel’s) ranting are an irritation. I believe that’s why NNPC openly declared it was not interested in being Dangote’s off-taker.”

Like the Yoruba saying goes, derision does not stop the sweetness of the honey. The meddlesome minions and messengers of misinformation can continue dancing naked in the marketplace, but what is most important is that the NNPCL has assured that it will not cease doing everything in its capacity “to harness the possibilities of oil and gas, address energy demand and drive the national economy, and become the number one oil producer and supplier in Africa.”

 

Tayo Williams is a Lagos-based media executive

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