Day: 18 September 2022

How to make inland waterways profitable, for stakeholders

• As Nigeria loses over N100bn to under-utilisationNigeria is losing over N100 billion yearly to the under-utilization of her inland waterways, economists have said. This comes as Nigeria recorded a total foreign trade of N12.84 trillion in the second quarter of 2022, whereas the inland waterway, as a mode of transportation, contributing not a dime …

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LASTMA serves owners of heavy-duty vehicles, occupiers of Costain, Iganmu under bridge seven-day removal order

Lagos State Traffic Management Authority (LASTMA) has served a seven-day ‘Removal Order’ notice to owners/drivers of trucks, tankers, and trailers illegally parked under the Costain Bridge to the Iganmu Area of the State.   Special Adviser to the Governor on Transportation, Sola Giwa, who led officials of LASTMA to serve the notice in the area, said those …

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LASG orders tanker drivers, shanties’ occupiers under Costain Bridge to vacate

The Lagos State Government (LASG) has served a seven-day ‘Removal Order’ notice to owners/drivers of trucks, tankers, and trailers illegally parked under the Costain Bridge to the Iganmu Area of the state. The Special Adviser to the Governor on Transportation, Mr. Sola Giwa, led officials of the Lagos State Traffic Management Authority (LASTMA) to serve …

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Sanwo-Olu orders the removal of abandoned vehicles under bridges over a security threat, gridlock

*LASTMA issues 7-day noticeLagos State Governor, Babajide Sanwo-Olu, on Monday ordered the removal of all abandoned vehicles parked indiscriminately under bridges across the state. As a result, the Lagos State Traffic Management Agency (LASTMA), has issued a-7- day removal and compliance notice to owners of trucks and vehicles parked under Costain Bridge and other areas …

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Diesel hike: NRC reduces Lagos-Ibadan trips by 67%

The hike in diesel price has forced the Nigeria Railway Corporation to reduce the number of trips on the Lagos-Ibadan Train Service by about 66.67 percent, it was gathered on Tuesday. It was also learned that the corporation had sent recommendations to the Federal Ministry of Transportation for an adjustment in the transport fare on …

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Buhari inaugurates Lagos-Ibadan train service, security facilities today

The President, Major General Muhammadu Buhari (retd.), will on Thursday (today) pay a one-day official visit to Lagos State. Buhari is expected to inaugurate two projects under the Ministry of Transportation during the visit. He is expected first to inaugurate the commercial operation of the Lagos-Ibadan Rail line. The event is scheduled to take place …

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Lagos-Ibadan train: Diesel cost exceeds earnings by 135.3%

The amount spent daily on fueling the trains that operate on the Lagos-Ibadan Train Service is 135.3 percent higher than what the Nigeria Railway Corporation earns from the sale of tickets to passengers, it was learned on Friday. It was also gathered that the NRC had to reduce the trips on its Warri-Itakpe and Lagos-Ibadan train …

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