Business

Rivers Mot And Vehicle Enumeration

Published

17 years ago

October 23, 2009

The seriousness of correct statistics, data or databank in development activities, appraisals and projections has remained a strong point the world over. It is a matter that is totally beyond compromise in every part of the globe, where men and women of integrity and transparent purpose in leadership positions have vowed to move their people forward. The truth is that there is really nothing a government that truly means well for its people could do in the area of democratic planning and development, without the availability of accurate records and data on the different economic activities of its people. For a government to realise any worthwhile revenue in taxation, the importance of correct census figures of its men, women and children as well as private and corporate business operators and activities must be given the attention it deserves. This is applicable to election matters, and the number of primary, secondary and tertiary educational institutions to be built in different parts of a state. These issues cannot be dealt with in the absence of development statistics. The same scenario also applies to the unemployment status of a state or nation vis – a – vis available employment opportunities and the usually critical need to create more job chances.

Indeed, a situation where those in positions of authority work without any form of statistics or data on the development needs of their people in the areas of election, taxation and general infrastructural development is a fundamental explanation why development efforts have remained in a state of total disarray, over the years in parts of Nigeria and indeed the underdeveloped world. Hence, correct data provision and its uncompromised application to development policies and programmes of government is as critical as it is indispensable, if Nigerians must not continue to live in conditions of underdevelopment. The Rivers State Ministry of Transport (MOT) Commercial Vehicle Enumeration or Registration exercise is one of the development-prone efforts of the present administration expected to achieve a correct data of all categories of commercial vehicles in the state. The importance of such data cannot be over-emphasised in transport related-development initiatives of government. The pressure of vehicles on available infrastructure such as roads and parks in the state even makes the exercise more imperative. It would also assist government in embarking on appropriate expansion of transport infrastructures in the states for the good of the people.

At the end of the day, the data so collected from the exercise could be used to know how many vehicles operate in different parts of Port Harcourt and the entire state as well as the true identity of their owners and operators up to where they live as well as their villages, communities and states. Such data would definitely make it difficult for criminals to take to commercial vehicle business in Rivers State.

It would also enhance transport related tax computations and reduce the problems of tax evation because transportation is one single business activity that appears to have the largest operators, who for many years have remained elusive when the state is in need of their correct statistics for development plans and projections. Moreover, such data could also enable govermnent to eventually make touting become extinct in the state. This is because, if the state has correct data on transport operators in the different zones of the state capital and other parts of the state, there would be no need for any agency of government to employ the task force element in its tax activities in the sector. In an overall sense, the data collection process would make every other dealings with transporters in the state a lot easier in the years to come. Transport operators should therefore be strongly reminded that the era of task- forcing and touting is gradually being phased out in Rivers State, because the task -force system in our tax programmes has done more harm than good to the image of state governments across the country.

And it should be pointed out that when the idea of Commercial Vehicle Enumeration was mooted by the state Transport Ministry, no time was wasted in taking into cognizance the fact that stakeholders such as the National Union of Road Transport Workers must key into the advantages of the exercise for the right impact to be made. With time, the stakeholders talks with the Ministry on the enumeration programme also positively progressed to the need of installing world class taxi roof lights on all taxis, not only in Port Harcourt but the entire state. Beyond the obvious improvement of the aesthetics of the state capital arising from the presence of many taxis with bright roof lights, particularly at night, it would also enable commuters to easily identify a taxi from a distance to flag it down if they need to board one. In the spirit of participatory democracy, the issue of pricing for the registration exercise and the taxi roof light was also openly and actively debated with the unions taking the usual firm stand in the interest of their members”. At the end of the talkshop, an amicable agreement was reached on when both programmes of the state Transport Ministry in conjunction with the National Union of Road Transport Workers and other stakeholders should commence, as well as what should reasonably be paid by each category of commercial vehicle operators for the registration and taxi roof light.

Additionally, the stakeholders at the instance of the ministry also further agreed that all payments be paid into a government designated bank account, contrary to any form of raw cash transactions, which it was noted breeds corruption. Drawing from this people-oriented scenario of public policy implementation as being canvassed. by the present administration, there is no reason whatsoever why any responsible commercial transport operator in Port Harcourt, and indeed the entire state, should not willingly key into the programme of repositioning the fortunes of the transport industry in the state. The state Transport Ministry as the regulator of the industry in the state has also begun.” an intensive media campaign to further enlighten commercial vehicle operators in the state on the importance of the MOT Vehicle Enumeration Exercise and Taxi Roof Light initiative. Coming from such atmosphere of mutual understanding, oneness and trust between the Ministry of Transport and the unions, among other stakeholders, on how to achieve for the state one of the best transport situations in the country, the onus is now squarely on the operators not to drag the state behind and become a cog in the wheel of progress in the transport sector.

It is also well deserving, that the leadership of the National Union of Road Workers and other stakeholders in the industry particularly in Rivers State be commended for their total support and commitment to the laudable efforts of the present administration to provide an efficient, effective and affordable as well as beautiful transport reform programmes for the state. We commend all commercial vehicle operators who have willingly gone to the state Ministry of Transport Office, at Moscow Road, to pay for the registration and the taxi roof light as law abiding citizens, while those who are yet to comply should follow their good example. So far, the ministry, in alliance with the National Union of Road Transport Workers, has established a total of ten commercial vehicle registration centres in Port Harcourt and its environs to make the process easy for commercial vehicle operators in the state. The appeal, therefore, is that they should do well to live up to their promise of sustaining the tempo of co-operation with the state Ministry of Transport to move the transport industry in Rivers State to the next level, for the good of the operators and best corporate image for the government and people of the state.

Onyije is Press Secretary to Rivers State Commissioner for Transport

Dike Onyije

Business

Association Seeks Intervention to Save Domestic Airlines

Published

4 days ago

August 10, 2026

The Tide

The Vice Chairman of the Airline Operators of Nigeria (AON) and Chairman of Air Peace, Mr. Allen Onyema, has called on the Federal Government to urgently intervene in the nation’s aviation industry, warning that several domestic airlines may cease operations if the current challenges confronting the sector are not addressed.

Onyema gave the warning at the public presentation of the book, Pathways, Pilgrimage and Destiny: The Biography of Alhaji Muneer Bankole, held in Lagos and was obtained in Port Harcourt, at the weekend.

He described the aviation industry as being highly capital-intensive with relatively low financial returns, stressing that domestic airline operators are grappling with severe economic pressures that threaten their continued existence.

According to him, the industry has reached a critical stage and requires immediate government intervention to avert the collapse of many indigenous carriers.

Onyema warned that unless decisive measures are taken within the next 30 days, several Nigerian airlines could be forced to shut down their operations due to the harsh operating environment.

He also cautioned aviation labour unions against any planned picketing of airlines over the alleged non-remittance of the five per cent Ticket Sales Charge, saying such action could disrupt flight operations across the country.

The Air Peace Chairman maintained that if any airline was singled out for industrial action, other domestic operators would stand in solidarity, arguing that labour unions should not be used as instruments for resolving debt-related disputes between airlines and government agencies.

He lamented that more than 50 Nigerian airlines had folded over the years despite the success of many of their promoters in other sectors of the economy, attributing the trend to the difficult business environment in the aviation industry.

While reaffirming the commitment of airline operators to support government revenue generation, Onyema stressed that policies capable of crippling airline operations should be reviewed in the interest of the sector.

He noted that a thriving aviation industry remains critical to national economic growth, employment generation and improved connectivity across the country.

The AON Vice Chairman urged the Federal Government to engage relevant stakeholders and adopt sustainable measures that would strengthen the operational capacity and financial stability of indigenous airlines.

He expressed optimism that with timely policy support and constructive engagement between government and industry stakeholders, the nation’s aviation sector would overcome its current challenges and continue to contribute meaningfully to Nigeria’s socio-economic development.

King Onunwor

Business

CBN Reforms Impact Consumers As Dollar Card Spending Limits Rise

Published

4 days ago

August 10, 2026

The Tide

The Central Bank of Nigeria’s (CBN) foreign exchange reforms are beginning to deliver tangible benefits to consumers, as banks expand international spending limits on naira cards amid improved liquidity in the foreign exchange market.

The new limit represents a sharp increase from the $6,000 quarterly cap introduced in November 2025 and is 20-times higher than the $1,000 quarterly limit announced in July 2025.

The move comes as analysts point to a more liquid foreign exchange market following reforms introduced by the CBN over the past three years.

“This reflects the improved liquidity in the foreign exchange market. It also shows the focus of banks in maximising income from card payments,” said Ayokunle Olubunmi, head of Financial Institutions Ratings at Agusto & Co.

Muda Yusuf, chief executive officer of the Centre for the Promotion of Private Enterprise (CPPE), said the increase in card spending limits reflects the significant improvement in liquidity and confidence in Nigeria’s foreign exchange market.

“It’s an indication that the liquidity in the foreign exchange market has improved significantly and we can see that from the stability of the exchange rate. We can also see that reflected in our foreign reserves. All of these things reflect the level of confidence,” Yusuf said.

According to him, businesses and individuals are no longer under pressure to obtain foreign exchange for legitimate transactions, unlike in the past when access to dollars was constrained.

“It also means that citizens and those who use foreign exchange are no longer desperate about foreign exchange usage. Whether you want to use it through your card or access it for international trade, there is no anxiety, there is no pressure and there is no desperation.

All of these things have arisen because the level of confidence in the foreign exchange market and the outlook for the market have been very reassuring,” he said.

Yusuf added that the adjustment of international spending limits by banks demonstrates growing confidence in the sustainability of the foreign exchange market reforms.

“That is why we are seeing all these positive developments around the use of the naira card abroad and the limits that are now being adjusted by banks. It is a very good development and I hope we can sustain it. I am confident we will.”

The increase follows a series of policy changes by the apex bank aimed at deepening the foreign exchange market and improving access to foreign currency for legitimate transactions.

Under the CBN’s Foreign Exchange Manual, Fourth Edition, the maximum tuition fee remittance for Nigerian students pursuing undergraduate and postgraduate studies abroad was raised to $25,000 per semester, from the previous $15,000.

“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.

The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.

Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.

According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.

The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.

Business

WEC: FG Inaugurates Governing Board … As Nigeria Rejoins Council

Published

4 days ago

August 10, 2026

The Tide

Nigeria has rejoined the World Energy Council (WEC) with the inauguration of a National Member Committee and Governing Board to strengthen the country’s participation in global energy policy and investment discussions.

The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.

The Governing Board is chaired by the Chairman of Waltersmith Petroman Oil Ltd., Abdulrazaq Isa, while a former Chief Upstream Investment Officer of NNPC Ltd., Bala Wunti, will serve as the inaugural Chief Executive Officer.

Other members of the board are Prof. Wumi Iledare, Dr Mustapha Abdullahi, Mrs Aisha Farida Katagum, Dr Ainojie Irune, Dr Emmanuel Okon, Dr Victor Ekpenyong and Dr Imamuddeen Talba.

The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, who disclosed this in a statement, last Thursday, said the board comprises of experts in energy policy, regulation, investment, operations, research, technology and enterprise development.

Welcoming Nigeria into the council, Wilkinson said the country’s membership would strengthen its contribution to global energy discourse.

Wilkinson noted that “Nigeria has a significant leadership role to play within the global energy community.

“Nigeria has a significant leadership role, and the Member Committee will help bring that expertise and voice onto the world stage at the Riyadh World Energy Congress in April 2027 and beyond.

“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.

“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.

“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.

Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.

The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.

He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.

The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.

“This system will be capable of driving economic growth and shared prosperity.”

According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.

Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.

Nigeria has been a member of the council with the Nigerian National Committee originally approved and established on April 6, 1960 before its re-establishment and expansion this year.

The renewed membership would provide an independent, technology-neutral platform bringing together government, industry, academia, finance and civil society to address Nigeria’s energy security, energy equity and environmental sustainability.