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Calm Down, Infrastructure in Lagos is a Mess

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Lagos today has become somewhat hellish with too many infrastructure and security problems to contend with while those in governance play politics with practically everything.

Lagosians waited with bated breath and high hopes for a new lease of life, that the new dispensation led by Governor Babajide Sanwo- Olu, will herald transformation.

This is even more so when one considers the rhetoric that visited his campaign. That hope for many seems to have been extinguished as quickly as it was birthed.

In the past one year, the state has been plagued by a plethora of challenges ranging from insecurity, dilapidated roads across the length and breadth of the state, plus an archaic mode of transportation on the unmanned waterways where boat mishaps are recorded on a near-daily basis.

Even the viral video of a little boy seen pleading with his mum to calm down while he was being reprimanded for wrong doing became a political tool for relevance. With it, the governor thought it wise to jump on the trend by telling Lagosians to calm down, amid a Lagos with failed infrastructure and the attendant cost on residents.

A public analyst, Dipo Oni, could not contain his frustration with the poor Lagos Infrastructure during a chat with MoneyCentral as he noted that Life has become unbearable in the nation’s commercial capital.

“You move around the city and you are confronted by hoodlums in traffic. The area boy syndrome, coupled with the thuggery seen in parks and bus stops is now the uncomfortable norm to the extent that one wonders if the Governor is oblivious to the monsters on the road,” Oni said.

“Ikoyi and Victoria Island appear to be the only locations sheltered from this storm of hooliganism. But for how long more?”

He noted that commuters in Oshodi, Mile 2, Alakija, Okoko, Abule Egba, Iyana Ipaja, Orile, Coker, Surulere, Ajao, Ikeja, Festac, Ajegunle, and Oworonshoki on the outskirts of Lagos are smarting from the hardship inflicted by the gridlock resulting from the closure of 3rd Mainland due to ongoing repair work.

“There are reports of night time robberies executed by armed boys amid traffic gridlock and sometimes in broad light. They shatter windscreens, maim Drivers, commuters and passers-by and dispossess them of their valuables. The nightmare is best imagined”.

“The roads? Another kettle of fish! There’s an endless line of craters and articulated vehicles dominating a valuable portion of the highway on much of Apapa/Oshodi and Lagos/Badagry expressway. Another tale of sorrow for commuters who must ply that axis daily. Every now and then the Trailers and Truck which are not regulated despite existing laws guiding them, fall at will on numerous occasions causing untimely deaths with no consequence to the offenders.”

Oni, explained that, the vehicles are usually in deplorable conditions and are hardly registered or checked by the relevant agencies.

“What you see is that the authorities who should enforce the laws of road worthiness and traffic control like FRSC, VIO, LASTMA and the police allow them run dangerously on the roads as they prefer to harass passenger cars. Lagos State Government has also refused to deal with this problem decisively despite uncountable tragic incidences that has claimed many lives to date.”

He added that there was a recent visit by the governor’s representative to the mother of a promising young girl who lost her life to these daredevil trailers due to an unlatched container that claimed her live and that of her colleague while returning from work.

“A lot of promises were made during the visit to the grieving mother. Our collective wish is that all that was said and more should be done to resolve this major challenge so the gridlock and deaths caused by these death merchants be curtailed once and for all.”

Oni continued: “I tell you the sight of Lagos roads these days is an eyesore. The gridlock experienced is what makes Lagosians vulnerable to attacks. You then wonder what he was voted for. To assume the esteemed position, then come and play deaf and dumb to several SOS for a solution to the deplorable state of the so called smart city, with the battle against COVID 19 as a front for ineptitude. No, it is irresponsible to perpetually take people for a ride.”

According to Oni, the previous governor, Akinwunmi Ambode was no better as he also left the roads in a state of disrepair, while constantly blaming the rain and ignoring calls to fix Lagos.

The bad performance of these Governors has compelled a longing for the days of Babatunde Fashola, thereby making a myth out of the former Governor.

These where the days when roads were rehabilitated, new roads were constructed and ongoing projects were monitored zealously.

It might be too early to tell. Perhaps the Governor and his team could wake up from their slumber before the expiration of their remaining tenure in office.

Still this remains a tall order because the tell-tale signs of negligence of Lagos Infrastructure are there unless we see a drastic change, according to Oni.

A resident of Lagos, Segun Akanbi, lamented that, “the current Governor came in with a lot of promise, performed fairly but has now diverted focus to the fight against COVID 19 at the detriment of other aspects, especially roads.”

Investigations by MoneyCentral reporters that took a week to crisscross the megacity shows that there is almost no area in the state that is spared huge portions of bad roads, but the worst-hit locations are: Mile 2, Abule Ado, Alakija, Lagos-Abeokuta Expressway down to Ikeja Along, Lagos-Ibadan Expressway, Oworosoki- Oshodi Expressway, Oshodi-Apapa Expressway, Ikorodu Road, Lagos-Badagry Expressway, Funsho-Wiliams Avenue, by Costain area, which has been closed to traffic for construction work on the Costain bridge.

Others are: Kirikiri Road, Apapa, which has worsened traffic gridlock caused by truck operators who as noted earlier, have made the expressway, their parking lot. Other areas suffering similar fate are Satellite Town Road, Oriade LCDA, Otto-Wharf Boundary Road, Ajegunle, In Ajeromi- Ifelodun LGA. Chivita-Canoe Road, Oshodi-Isolo LGA, Isheri-Osun, LCDA, Ishawo, Road, Idimu Pipeline, Ikorodu, among others.

These days, it is also a dreadful experience for commuters and motorists who ply Lagos-Badagry Expressway due to several failed portions on both sides of the highway. A few weeks back this was worsened by persistent rainfall and resulting in the loss of valuable man-hours and revenue on an international route.

With the closure of the 3rd Mainland Bridge and inaccessibility of alternative roads left undone even after what amounted to a political speak by the governor, the pain has since doubled.

Analysts say the current neglect of Lagos Infrastructure is a bitter pill administered on all to curb the spread of COVID 19.

They say Government’s non-responsiveness is a demonstration of lack of vision and rather than ensure the continuance of road rehabilitation and construction during the lockdown, the State Government preferred to ignore such calls from technocrats and Nigerians.

It will be recalled that sometime in May, the governor encouraged the use of waterways. Yet the initiative has so far proved more of a publicity stunt than a serious attempt to solve the city’s chronic transportation problem aggravated by exponential population growth and flooding.

A recent study indicates that at least three of every ten years spent in Lagos is lost to traffic. It means Lagosians spend an average of seven hours 20 minutes in traffic every day.

An economic analyst, Kolapo Oluwo averred that the long hours spent daily in traffic with its attendant economic as well as health, emotional and relational costs are colossal.

“For a potential megacity and the economic hub of the country it shows ineptitude and lack lustre leadership, despite media campaigns and allusions to the contrary.”

He noted that: “Lagos is the commercial, economic, as well as financial capital of Nigeria accounting for over 50 percent of the industrial and commercial establishments, as well as 70 percent of manufacturing activities. In addition, it has the most active stock exchange in West Africa; its ports collectively handle about 75 and 90 percent of the country’s imports and non-oil exports by weight respectively. Even more, its international airport handles about 80 percent of airborne exports and imports and 80 percent of passenger movements in and out of the country.”

Oluwo Further said, “the state’s population has continued to grow rapidly – put at between six to eight percent per annum – and is a dragnet for school leavers and other economic migrants from other parts of the country. It is projected that the population of the city will grow to 36 million by 2050.”

An Economist, Emeka Ohanyere buttressed this saying despite its huge population and importance, road travel is the city’s most common and available means of transport. Rail and water transportation are meanwhile relatively under-developed in Lagos.

A $1.4 billion light rail system meant to help solve the traffic nightmare remains uncompleted 12 years after construction began.

CCECC is constructing the 27k Blue line in two phases.

The first phase includes the National Theatre to Mile 2 section and the second involves the Mile 2 to Okokomaiko section.

Construction of the Blue line was initially expected to be completed by 2011 but has been delayed indefinitely due to funding issues.

“Years of political wrangling, massive corruption underinvestment and poor maintenance of existing transport infrastructure has seen Lagos lag behind other major global cities in the utilisation of efficient public transportation system such as urban rail system and modern high capacity buses. If the state is continually run in this manner, it might never attain the lofty new Lagos it craves,” Ohanyere said.

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Elon Musk’s Team Accuses FEMA of Misusing $59 Million to House Illegal Migrants in Luxury Hotels

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Elon Musk’s Team Accuses FEMA of Misusing $59 Million to House Illegal Migrants in Luxury Hotels

Elon Musk’s Team Accuses FEMA of Misusing $59 Million to House Illegal Migrants in Luxury Hotels

Elon Musk’s Department of Government Efficiency (DOGE) has made serious allegations against the Federal Emergency Management Agency (FEMA), claiming that the agency misused $59 million to accommodate illegal migrants in luxurious hotels.

 

The billionaire entrepreneur revealed this in a tweet on Monday morning, stating that the discovery was made last week. According to Musk, the funds were intended for American disaster relief but were instead diverted in violation of national regulations.

 

He wrote: “The @DOGE team just discovered that FEMA sent $59M LAST WEEK to luxury hotels in New York City to house illegal migrants. Sending this money violated the law and is in gross insubordination to the President’s executive order. That money is meant for American disaster relief and instead is being spent on high-end hotels for illegals! A clawback demand will be made today to recoup those funds.”

 

The revelation has sparked controversy, with critics arguing that FEMA’s allocation of funds should prioritize American citizens affected by disasters. The allegations have also intensified scrutiny on FEMA, which has faced previous accusations of financial mismanagement.

 

An inspector general audit recently revealed that FEMA mishandled nearly $10 billion in COVID-19 relief funds. The audit stated that $8.1 billion in costs remained questionable, while $1.5 billion was allocated prematurely and could have been better utilized for other emergencies.

 

As scrutiny mounts, former President Donald Trump has reportedly considered abolishing FEMA, describing the agency as “a disaster.” To address these concerns, Trump has established a council, led by Homeland Security Secretary Kristi Noem and Defense Secretary Pete Hegseth, to review FEMA’s operations and propose necessary reforms by late June.

 

The allegations against FEMA have triggered a broader debate on the proper allocation of taxpayer funds and the government’s role in disaster management. More updates are expected as the situation develops.

 

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Shepherd freight Cargo services Now in Lagos and Ibadan  Nigeria

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Shepherd freight Cargo services Now in Lagos and Ibadan  Nigeria.

Famous Worldwide freight and Cargo Service Provider Shepherd freight & Cargo service has added another feather to its reliable and Trusted cargo service around the world with a new office in Lagos and Ibadan.
Known for its effective Trusted, Reliable, Safe and Fast efficient services in Cargo world, the Company is now in Lagos at No 28 Eniola street Beechan by Local Airport in Ikeja Lagos, while it’s Ibadan office is located at Transformations store Adjacent Elebu Junction Akala expressway Ibadan the Oyo state Capital.
Under the Leadership of a successful Nigerian entrepreneur based in the United Kingdom Mr Kolawole Kehinde somosu explained that Shepherd freight Cargo Service will be unique in its services in Nigeria, why because the company is determined to brings new I novation into the cargo and freight forward services in Nigeria and totally Modernized Narrative in the Business, We want to bring in New strategy whereby you monitor all your goods in our Possession from the Point of Pick up and delivery with a Guarantee of safe delivery says the chairman CEO of Shepherd Freight and Cargo service Mr Kolawole Kehinde somosu.
Shepherd Freight and Cargo services will be providing 7 days a week dependable services with Free delivery in the following Areas, Peckham, New Cross, Deptford, Surreys, Quays, Brixton, Elephant and Castle, Oval Stockwell all in the UK.
The management of Shepherd Freight and Cargo services also re affirmed that any customers that introduce a friend will get 10% Discount in his or her next Shipment.
While highlighting other Benefits to be enjoyed by Shepherds Freight and Cargo services customers, the management also remarked that, there will be specific discounts every Friday (TGIF) saying as a Customer you can make payments either with Naira or Pounds sterling depending on your wishes, our charges are reasonable and affordable.
To send your Goods from Ibadan or Lagos to London you can contact Lagos office or call Mr Sani on 08022794066
09150721011
Or Asiwaju on
08033153061
Ibadan Office called Mr Alabama
07043675932
07051233520
London Office called Mr Shepherd
07944761788
0794906564
The London Office is located at safe stores selfstorages (Unit1031)737 Old Kent road London SE 15IJL
Our email is
Shepherd freight Cargo services Now in Lagos and Ibadan  Nigeria
Don’t be left out of our yearly Promos,Shepherd Freight and Cargo Service 2025 New Year Promo is currently running from January 12 – February 17 2025

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Access Holdings: Imprints of a Thriving Banking Powerhouse

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Access Holdings: Imprints of a Thriving Banking Powerhouse, By Bolaji Israel

Access Holdings has continued to evolve and reinforce its corporate stature as a formidable force in Nigeria’s financial sector, demonstrating capacity for relentless growth, resilience and ambition through strategic expansion and innovative approaches. The entity owes its significant bulk to the Access Bank Group, supported by other allied services firms.

Also known as Access Corporation, the group has grown over the last 35 years to emerge as Nigeria’s largest financial holding company, offering services such as commercial banking, lending, payment, insurance, and asset management.

Though Access started off as a corporate bank, it swiftly expanded into personal and business banking in 2012, solidifying its role as a well rounded financial solutions provider.

In his memoir, ‘Leaving the Tarmac: Buying a Bank in Africa, ‘ Aigboje Aig-Imoukhuede detailed how himself and his partner, Herbert Wigwe walked the delicate path of buying Access Bank and never looked back since.

The bank’s acquisition in March 2022 by the maverick duo of Aig-Imoukhuede and Wigwe, which changed its entire growth, profit and branding trajectory as well as its merger with Diamond Bank in 2019 which shot up its customer base to over 42 million, granting it a status of the largest bank in Africa by customer base and the largest in Nigeria by assets, form a part of its remarkable and turnaround milestone.

With a keen focus on digitisation-driven growth and customer satisfaction, it has not only solidified its status in Nigeria but has also set its sights on becoming a formidable player in the international banking arena.

The group’s growth and expansion drive has been marked by a series of strategic acquisitions and mergers aimed at enhancing its market presence and delivering value to customers. In 2021, Access Bank acquired African Banking Corporation (ABC Holdings), a move that significantly bolstered its operations in Southern Africa. This acquisition allowed Access Bank to enter markets such as Botswana, Mozambique, and Zambia, thereby enhancing its regional footprint and customer base.

In addition to its African ventures, Access Holding has been eyeing opportunities in Europe and Asia. Recent announcements highlight the bank’s interest in potential partnerships and acquisitions that could facilitate its entry into these lucrative markets. The bank’s management has stated, “We are committed to diversifying our operations and exploring new markets that align with our growth strategy.”

The results of the expansion efforts have been promising. For the year ending 2023, Access Holding reported a staggering 300 percent growth in profit after tax to N612.4 billion, from N204.1 billion in 2022. This represents the largest profit ever recorded by the company, under the leadership of its late co-founder, Herbert Wigwe.

It revenue soared by 80% to N2.6 trillion, from N1.4 trillion in 2022 while assets rose by 78% to N26.7 trillion, from N14.99 trillion in 2022, marking a significant growth trajectory that positions Access Holding as one of Nigeria’s largest and most influential banks.

Leading Force in Financial Sector

Access Holding’s influence in the financial sector extends beyond its impressive growth metrics. The bank has taken on a leading role in advocating for financial inclusion and economic empowerment across Nigeria and Africa. Through various initiatives, Access Holdings is committed to providing access to banking services for underserved populations, thereby contributing to the broader goal of economic development.

The bank’s emphasis on technology and innovation has positioned it as a leader in the digital banking space, setting benchmarks for other financial institutions to follow. By continuously enhancing its service offerings and embracing new technologies, Access Holding is shaping the future of banking in Nigeria and beyond.

Innovations and Technological Advancements

Access has prioritized innovation as a cornerstone of its growth strategy. Over the past two years, the bank has invested heavily in upgrading its technology infrastructure to provide customers with seamless and efficient banking experiences. The launch of a robust digital banking platform is a clear testament to this commitment. The improved platform allows customers to perform a wide range of transactions, from fund transfers to bill payments, all from the convenience of their mobile devices.

The bank’s mobile banking app has also seen significant upgrades, incorporating features such as biometric authentication, personalized financial insights, and enhanced security protocols. These innovations have resulted in a marked increase in user engagement, with over 10 million active users reported in 2024.

Moreover, Access has revitalized its Point of Sale (POS) services to cater to the growing demand for cashless transactions. The bank has deployed thousands of POS terminals across Nigeria, facilitating secure and efficient payment solutions for businesses and consumers alike.

Leadership and Succession

The unfortunate demise of Dr Herbert Wigwe, CFR, the Company’s founding Group Chief Executive Officer and former Group Managing Director of its flagship subsidiary, Access Bank Plc on Friday, February 9, 2024, in a helicopter accident in the United States of America, would have constituted a permanent clog for any company without a formidable structure.

Access Holdings has however been able to rise above the dark moment and steadied the ship with the return of Aigboje Aig-Imoukhuede as Chairman and emergence of Bolaji Agbede as GCEO. The swift realignment is a clear testament to the group’s ability to deftly manage succession.

Growth Outlook and Ambition

Access growth results and targets highlight its ambitious nature. The banking group aims to achieve a market capitalization of ₦10 trillion by 2025, with plans to expand its customer base to over 50 million across its operational territories. This ambition is supported by strategic partnerships and potential mergers, not only within Nigeria but globally.

Analysts have noted that Access Holdings is well-positioned to capitalise on the growing demand for financial services across Africa and beyond. With a solid foundation and an eye on expansion, the bank is poised to become a leading financial institution on the global stage.

The landscape of mergers and acquisitions in the banking sector has been vibrant, and Access Holdings is keen on exploring potential opportunities. In Nigeria, the banking industry has witnessed a wave of consolidation, with several banks seeking to enhance their market positions through strategic mergers. Access has expressed interest in potential acquisitions that align with its growth strategy, particularly in the areas of technology and customer service.

Globally, the banking group is also exploring partnerships that can facilitate its entry into new markets. The management has indicated that Access Holding is open to collaborating with fintech companies and other financial institutions that can complement its service offerings and enhance customer value.

Awards and Commendations

Access Corp’s commitment to excellence and innovation has earned it numerous accolades over the past year. The bank was recognized as the “Best Bank in Nigeria” at the Global Finance Awards, a prestigious honour that underscores its leadership position in the industry. Additionally, the bank received the “Most Innovative Bank” award at the African Banking Awards, highlighting its commitment to embracing technology and improving customer experiences.

These awards reflect a solid dedication to maintaining high standards of service and its ability to adapt to the rapidly changing financial landscape.

Access Holdings trajeectory stands as a testament to what can be achieved through strategic expansion, innovation, and effective leadership. With its aggressive growth strategy, commitment to technological advancement, and dedication to customer satisfaction, it is firmly establishing itself as a thriving banking conglomerate.

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