Business
High Airfare Prevents Nigerians From Travelling For Christmas
High cost of air ticket on Nigeria- South Africa route has scuttled the plans of many Nigerians resident in the country to travel home for the Christmas.
Some of them, who spoke to newsmen in Johannesburg, said they were disappointed at the high cost of fare, which in some cases went up by more than 200 per cent.
“It is unbelievable that the cost of ticket between Johannesburg and Lagos now goes for as much as 2,000 Rand which would be about N300, 000, the same ticket you could get for less than 700 Rand or less (N120.000.00),” Dotun Olubadejo a medical doctor told reporters.
He said apart from the high cost of the ticket it was also difficult to secure a seat for the return journey, which would be risky if one was to resume work immediately after the holiday.
‘’Having weighed all the options, I decided to celebrate the Christmas here, ’’ Olubadejo said.
Chidi Okereke, a businessman, also said that some of the airline operators were exploiting the desperation of intending travellers to extort money from them.
“My brother, it is tough, if you are desperate to travel to Nigeria now you have to pay extra, some airline operators are making money out this situation.
“It is either they tell you that there is no seat the day you want to go or no seat the day you want to come back. But once you offer to pay them something extra they will make seat available on the days you want. So, if you want travel, you have to play ball.
“It is mandatory for some of us to travel either for family engagement or for the feeling of being with your people during the festive period.
“Some people save money for this annually. In my own case I have to go because I will turn 40 on December 28, and I just completed my house in the village to mark my birthday,’’ Okereke said.
Paul Ajuluchukwu, said he was eager to travel with his South African wife to meet his family in Nigeria for the first time.
“I have been in this country for about 10 years now and I married a South African two years ago, and she wants to meet my people at home.
“Christmas period is the best time for me to take her and my children home because every member of my family will be home for Christmas and that will provide her the opportunity to know about my culture.
“But the price I’m paying is too much, all my savings for the year is going into this, due to high cost of tickets. The airfare for the four of us including the children is about N800, 000. 00.
‘’What do I do, I had promised my family that we will all celebrate Christmas in Nigeria,’’ Ajuluchwu said.
An officer at the Nigerian Consulate in Johannesburg, who spoke on condition of anonymity, said they received more than 1,000 applications for visas and other travel-related documents between October and December.
“We have been working round the clock since October trying to make sure that Nigerians or non Nigerians willing to travel during the Christmas period are not denied the opportunity.
“Some Nigerians coming to the Consulate are here for either loss of their passports or renewals. We ensure that we attend to those of them with genuine requests,” he said.
Meanwhile, business and commercial activities in Johannesburg and Pretoria are paralysed because of the Christmas celebrations as all the shops and offices were closed except a few restaurants that remained open for business.
Some of the residents of Johannesburg who spoke to our source said that Christmas was very important to South Africans.
“They don’t joke with Christmas in South Africa. It is a big thing here, the whole of the city is almost empty as you can see for yourself. They have all gone home. People have been leaving Johannesburg for their villages about two weeks before Christmas,’’ Alfred Luke a resident of Johannesburg said.
Reports say that there has also been an increase in the number of road accidents following mass movement of people going to celebrate Christmas in their villages.
According to the Department of Transport more than 800 lives had been lost as a result of road accidents since the beginning of December.
Business
Food Vendors, Others Relocate To New Site At PH Airport
The raging controversy between the Port Harcourt International Airport Management and restaurants/canteen operators and theirallies over relocation has been brought under control, as the operators have commenced relocation to their structures at the new site.
Recall that there had been serious feud over a directive by the Manager of the airport, Mr. Michael Area, for food vendors and their allies to relocate to the new site.
They insisted that the new site was too distant and hence, would negatively affect patronage from customers, with possible loss.
They further also insisted that it wouldcost them much money to put up another structure, given the economic situation in the country, since the airport management did not build any structure for them, apart from providing the empty land they have to also pay for.
The situation had led to flexing of muscles, which made the Airport Manager to order for sealing of all shops, resulting in scarcity of food, as airport users could not find a place to eat, apart from the only Genesis fast food spot available.
As at last Friday, The Tide observed that most of the food vendors had transferred their structures to the new place, and had started doing business there already.
Meanwhile, customers have started settling down at the new location as they were seen patronising shops for foods and drinks, in spite of the distance.
Few of the remaining structures at the old site, The Tide further gathered, will also be removed as quickly as possible, and the owners are making efforts to get funds for the job to be done.
One of them, Mrs Aka Love explained that she was going to relocate to the new place before the end of March.
Currently, business activities at the old site have come to null, as the place which was usually a beehive of food, drinks and relaxation, has completely winded down.
By: Corlins Walter
Business
MOWCA Strengthens Maritime Crime Prevention
Secretary General of the Maritime Organisation of West and Central Africa (MOWCA), Dr. Paul Adalikwu, has stepped up interaction with the United States Government to lift restrictions placed on some member countries allegedly implicated in illicit shipping activities.
Adalikwu, who led a delegation from the MOWCA Secretariat to the US Embassy in Abidjan for a first leg of the strategic consultation aimed at promoting seamless participation of MOWCA countries in international trade within the global maritime space, reiterated the organisation’s commitment to the best ethical and lawful maritime practices.
Addressing the U.S Ambassador to Côte d’Ivoire, H.E Mrs Jessica Davis Ba, the MOWCA SG stated the organisation’s interest in promoting the International Ship and Port facility Security (ISPS) code which aims at enhancing security of vessels and their ports of call.
He expressed the commitment of MOWCA in promoting environmentally friendly, safe and cost effective shipping without any encumbrance that may limit the economic potential of member countries.
Dr Adalikwu recalled that at the instance of the U.S. Department of State invitation, MOWCA participated in the 2023 Registry Information Sharing Compact (RISC) Conference in Larnaca, Cyprus, on February 28–March 1, 2023, and a virtual meeting held on June 6 2023, with Mrs Jennifer Chalmers, Officer in change of Counterproliferation Initiative.
He recalled The U.S. DOS willingness to support MOWCA’s effort for preventive maritime security through the establishment of the Center for Information and Communication (CINFOCOM) with the aim to ensure a maritime situational awareness domain within MOWCA’s member states’ waters.
He added that MOWCA under his watch is committed to training and retraining of maritime practitioners and experts to enhance the human capital capabilities of member states.
The CINFOCOM will help prevent transnational crimes committed at sea like sanctions evasion by North Korea and other state actors, who exploit poor enforcement due diligence by ship open registries to circumvent United Nations and U.S. trade restrictions.
By: Nkpemenyie Mcdominic, Lagos
Business
Nigeria’s Public Debt Hits N97.3trn – DMO
The Debt Management Office (DMO) has hinted that Nigeria’s public debt increased by 10.7 per cent from N87.87 trillion in the third quarter of last year, to N97.34 trillion as at December 31, 2023.
DMO, in an update data released last Friday, said the increase in the debt stock was largely due to new domestic borrowing by the Federal Government to part finance the deficit in the 2024 Appropriation Act and disbursements by multilateral and bilateral lenders.
The office noted that the N97.3 trillion public debt comprises of domestic debt of N59.12 trillion and external debt of N38.22 trillion. The sum of $3.5 billion was used to service external debt during the review period.
“Nigeria’s Public Debt Stock as at December 31, 2023 was N97.34trillion or $108.229 billion. This amount comprises the domestic and external debt stocks of the Federal Government of Nigeria (FGN), the 36 States Governments, and the Federal Capital Territory (FCT).
“There was an increase of N9.43 trillion over the comparative figure for September, 2023, which was largely due to new domestic borrowing by the FGN to part finance the deficit in the 2024 Appropriation Act and disbursements by multilateral and bilateral lenders.
“At N59.12 trillion, total domestic debt accounted for 61 percent of the total public debt stock, while external debt at N38.22 trillion accounted for the balance of 39 percent.
“Consistent with the debt management strategy, Nigeria’s external debt stock was skewed in favour of loans from multilateral (49.77 percent) and bilateral lenders (14.02 percent) or total of 63.79 percent which are mostly concessional and semi-concessional.
“Whilst the DMO continues to employ best practice in public debt management, the recent and on-going efforts of the fiscal authorities to shore up revenue will support debt sustainability”, DMO stated.
By: Corlins Walter
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