But that is considered an offence,” Afeez explained, saying that officials were “very aggressive” and there was no way to talk to them about the charges. The rule of thumb says the lower the leverage ratio, the better. Get the scoops and market intelligence that can helpyou make better investment decisions right in yourmailbox. Waterways: Lagos v Federal High Court - who won? 2018-04-19T16:23:07-04:00 One driver who identified himself as only Tunde said the top echelons of the union are people who are rewarded by politicians for their service. Their number can unleash violence,” Odewumi said. In Yoruba, agbero means “to carry passengers”, but this does not connote what the agberos do. September inflation was pegged at 13.7%, its highest since February 2018 there is already considerable strain on healthcare due to the pandemic and the exposure of the populace during the #endsars protests and counter-protests could spike up the COVID-19 numbers once again. ... are being carried out for the 896km Lagos – Abuja high speed, 240km Lagos – Benin, 360km Ajaokuta – Jakwa – Baro- … READ: Leaked memo: CBN instructs banks to block bank account of 38 companies for “forex abuse”. Early in August, he was involved in a brawl with some agberos at Fadeyi, a bus stop along the route he was taking to Oyingbo. within the state. These in our view, are the reasons why the funds that have been pumped into agriculture via different intervention schemes such as Anchors Borrowers Program (ABP) and Commercial Agricultural Credit Scheme (CACS) have yielded limited results and remain riddled with repayment controversies. Summarily, with cash, you must be aware of the implication in terms of cash flow, liquidity, and leverage. The unfortunate resolve of both sides to fight to the finish without giving room for dialogue could lead to another lockdown of economic activities as witnessed in Edo, where a 24hr curfew has been declared; Lagos where schools and businesses have shut down; Osun, Ekiti, Plateau, Imo and the FCT where business activities have come to a grinding halt. When asked if the union had helped him pay the fine, he shook his head. The inhabitants must be presented with a transport system that moves with the speed of light, encouraging more deals to be closed, more commercial activities and ultimately more money to the government. We also note that motorcycle and tricycle drivers contribute significantly to the notorious traffic situation in Lagos as many of them do not get any formal training and as such do not understand traffic signs and rules. Learn how your comment data is processed. The cyber warfare being threatened by both sides could also have far-reaching effects on the liquidity of our financial institutions as their customers opt for crypto wallets as safe haven for their funds and as punitive measure for brands they perceive as not being supportive towards their cause. The only exception from this provision is a motorcycle used for mail distribution, which is prohibited from carrying passengers. “We work in fear; it is as though we are thieves. Learn how your comment data is processed. News. Not all personnel in the task force are police officers, there are also paramilitary personnel [that work in the task force],” Adejobi said. Operators/Companies must collaborate with LAWMA for prompt waste disposal at their respective terminals; Nigeria as a whole has no policy that guides the transport sector and in high population density cities like Lagos, with a rising scourge of unemployment … A series of monetary and fiscal policies saw to it that more funds were made available to the real sector; delinquent loans were restructured to keep from becoming bad; the free fall of the Naira was staved off and key industries were supported through Government’s special intervention programs. These men, mostly clad in white and green uniforms but sometimes in plain clothes and carrying sticks or canes, collect dues from motorcycle, tricycle, and danfo bus drivers on behalf of the drivers’ union – a toll that allows them to pick up passengers. Some analysts say the challenges in the transport industry are rooted in the evolution of Nigeria’s socioeconomic landscape, and that the steady rise in unemployment after the country’s gradual economic downturn in the 1980s led to the birth of the agbero phenomenon. “The yellow [danfo] buses have higher frequency than the BRT, they are more flexible and move into routes that the large BRT cannot move into, they adapt with demands. He added that vehicles used for the transportation of food items and other services must be disinfected before gaining access into the State’s border and when leaving, under strict monitoring by relevant government agencies.
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