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Yuletide: Passengers Groan As Fares Double

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L-R: Governor of Central Bank of Nigeria, Malam Sanusi Lamido, Deputy Governor, Mr Kingsley Moghalu, Governor Peter Obi of Anambra State and the Minister of Finance, Dr Ngozi Okonjo-Iweala, at a meeting of the Economic Management Team in Abuja, last Monday.

L-R: Governor of Central Bank of Nigeria, Malam Sanusi Lamido, Deputy Governor, Mr Kingsley Moghalu, Governor Peter Obi of Anambra State and the Minister of Finance, Dr Ngozi Okonjo-Iweala, at a meeting of the Economic Management Team in Abuja, last Monday.

Passengers travelling out of Lagos State to parts of Western and Eastern Nigeria for the Christmas and New Year celebrations have been groaning, following the exorbitant fares charged by transport operators.

Some of the passengers who spoke with The Tide source in separate interviews, described the transport operators as ‘inhuman’ and ‘wicked’.

According to them, the attitude of raising fares during the Christmas was a sin of greed, extortion and covetousness, which God frowns at.

Reporters’ visits to Iyana-Ipaja, Oshodi, Ojota and Jibowu Motor Parks showed that many passengers were stranded following the exorbitant fares they never prepared for.

Joy Chukwu, a Benin-bound passenger, who said that the fare rose from N1,700 to N3,050, expressed sadness over the hike, which she described ‘ruthless’.

“I really felt bad about this excessive increase, of course, this is the festive period but the gap is abnormal,” Chukwu told newsmen.

Another Port Harcourt-bound lady, Miss Angela Oshie, who lamented over the inflation of fares, said that the fare rose from N3,200 to N7,000.

“Ordinarily, fares from Lagos to Port Harcourt used to be between N3,200 to N3,500 but this has gone up to N6,500, N7,000 is ridiculous,” Oshie said.

An Ado-Ekiti bound traveller, Mr Ola Ibitoye, who told reporters that the fare rose from N1,800 to N2,500, said it was outrageous.

“It is not easy at all, this is a gross extortion and God is not happy about it. We should not be extorting ourselves.

“Why should there be this kind of increase? Is Christmas not like any other day?” he asked.

Mr Ige Akinwumi, an Abakaliki-bound traveller, who said that the fare rose from N2,000 to N4,500, lamented over the increase, saying that drivers were greedy.

“No greedy man or woman will have enough; it is the blessing of the Lord that makes one rich, without adding sorrow, so they must know that they need to stop oppressing their fellow men.

“We use to board this bus for N2,000 before, getting here today and finding it at N4,500 is a surprise to me,” Akinwumi said.

Mrs Christiana Ikedi, a Warri-bound traveller, who noted that the fares rose from N2,000 to N4,000, said that the excessive fares would not bring any additional fortune to the transport operators.

“This cannot make drivers become rich overnight; it is not good at all, it is an oppression and man’s inhumanity to man,” Ikedi said. An Abuja-bound traveller, Miss Tracy Okeke, who said that the fare rose from N4,500 to N6,550, described it as outrageous.

“This is very embarrassing from our own people; the drivers don’t even consider that some of these buses belong to government.

The Tide source reports that fares from Lagos to Owerri, Abia, Enugu, and other eastern states rose from N3,500 to N6,500 at major parks in Lagos.

It was learnt that the transport fares in most of the motor parks across the state have gone up by more than 100 per cent because of the mass movement of passengers to other parts of the country for the festivities.

Reporters says that transport fares to Eastern Nigeria which were between N2, 500 and N3, 000 before the Christmas season, have increased to N6,000 and N7, 000.

Few of the transporters who spoke to reporters attributed the general fare increase to patronage and shortage of buses, as well as bad roads.

According to them, most of the drivers have to return to Lagos empty, without carrying passengers, because of the exodus out of Lagos.

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Niger Delta Investment Summit Targets $5bn Inflows, 500,000 Jobs

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The Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) has unveiled the plans to host a major economic and investment summit aimed at attracting five billion dollars, ( N7 trillion) investments in addition to creating about 500,000 jobs over the next five years.
The Chairman of NDCCITMA Board, Ambassador Idaere Ogan, disclosed this in Port Harcourt, recently.
Ogan stated  that the initiative is designed to reposition the Niger Delta as a viable destination for sustainable economic growth and development.
He explained the summit would bring together investors, policymakers, manufacturers and business leaders from within and outside Nigeria to explore opportunities across key sectors of the regional economy.
According to him, the event is expected to attract high-profile participation, with President Bola Tinubu billed as Special Guest of Honour, while the Prime Minister of Barbados, Mia Amor Mottley, is expected to deliver the keynote address.
Ogan said the summit would focus on critical sectors including agriculture, manufacturing, logistics and the blue economy, which he described as areas with significant untapped potential.
He called on state governments, development partners and private sector stakeholders to support the initiative, stressing that collective efforts are required to unlock the region’s economic prospects.
 NDCCITMA chairman further stated that improving security conditions and increasing economic confidence in the Niger Delta have made the region more attractive to both local and foreign investors.
He emphasised that ongoing economic reforms at the national level have also contributed to creating a more favourable investment climate.
Also speaking, the Chairman of the Summit Organising Committee, Dr. Solomon Edebiri, said the event would prioritise the growth of small and medium-scale enterprises (SMEs) across the region.
He noted the summit would provide a strategic platform for networking, business partnership and policy dialogue aimed at strengthening the private sector.
Edebiri disclosed that findings from a recent business roundtable revealed significant untapped investment opportunities, which the summit seeks to harness through targeted collaborations.
He revealed that the event would feature exhibitions of viable projects, facilitate business-to-business and business-to-government engagements, and also promote innovations across multiple sectors.
According to him, the expected outcomes of the summit include job creation, increased industrial activity and improved livelihoods for people in the Niger Delta.
To build momentum ahead of the event, NDCCITMA said the body would embark on awareness roadshows across states in the Niger Delta, as well as in Lagos and Abuja, to attract broad participation.
King Onunwor
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NPA Targets N1.489tn Revenue In 2026

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The Management  of Nigerian Ports Authority (NPA) has set N1.489 trillion as its Internally Generated Revenue (IGR) target for the 2026 fiscal year.
NPA says the figure represents an increase of N21 billion over the N1.468 trillion target for 2025, which the agency exceeded with an actual revenue of N1.97 trillion.
 The Managing Director NPA, Dr Abubakar Dantsoho, stated this  during the agency’s 2026 budget defence before the Senate Committee on Marine Transport.
Dantsoho said  the authority was set to begin groundbreaking projects for the modernisation of Apapa and Tin Can Island ports to enhance global competitiveness.
According to him, of the projected revenue: N945 billion is allocated for capital projects, N447.5 billion for operating expenses, and
N90.6 billion for remittance into the Consolidated Revenue Fund (CRF).
The MD explained that the budget was anchored on the mantra, “Consolidation, Renewed Resilience and Shared Prosperity.”
Dantsoho said that the modernisation of Apapa and Tin Can Island ports were flagship projects aimed at boosting revenue.
“Apapa and Tin Can Island ports are old and no longer adequate for modern global port operations.
“Apapa Port is about 100 years old, while Tin Can Island Port is over 50 years old, with limited capacity for handling modern vessels and cargo volumes.
“Groundbreaking for their modernisation will commence within the next two to three weeks,” he added.
On the Treasury Single Account (TSA), Dantsoho said all revenues generated by the NPA are paid directly into the account managed by the Central Bank of Nigeria (CBN).
“We do not retain any funds. The Central Bank is the signatory and we must apply for funds whenever needed,” he explained.
Earlier in his remarks,Chairman of the Senate Committee on Ports, Sen. Wasiu Eshinlokun (Lagos Central), said the committee’s oversight function was collaborative rather than adversarial.
“Our goal is to work with you to strengthen institutional capacity, eliminate inefficiencies and ensure that every naira appropriated serves the public interest,” he said.
Chinedu Wosu
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NPF Disburses ?21.68m  To Fallen Heros’ Families …Reinforce Welfare Commitment 

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Nigeria Police Force has disbursed a total of ?21,678,120 to the deceased police officers families in Rivers State as part of ongoing welfare interventions by the force.
The gesture formed a major highlight of the activities marking  the 2026 National Police Day celebration in the state, underscoring renewed institutional focus on personnel welfare and post-service support systems.
The Commissioner of Police, Olugbenga Adepoju, who presided over the cheque presentation ceremony, said the initiative reflects the Force’s commitment to honouring officers who paid the ultimate price in their line of duty.
He explained that the financial support is designed to cushion the economic burden faced by bereaved families, while also reinforcing confidence among serving personnel about the Force’s long-term welfare structure.
Adepoju conveyed the sympathy of the leadership of the Nigeria Police Force to the beneficiaries, noting that the sacrifices of fallen officers remain invaluable to national security and public safety.
The police boss further stressed that sustained welfare interventions are critical to boosting morale, enhancing productivity, and strengthening institutional loyalty within the Force.
He reiterated that the welfare scheme aligns with broader reforms aimed at repositioning the Nigeria Police Force as a responsive and people-oriented institution.
Beneficiaries of the cheques commended the Inspector-General of Police, Olatunji Rilwan Disu, for prioritising the welfare of officers and their families through consistent and impactful interventions.
They described the initiative as timely and compassionate, noting that it would go a long way in alleviating financial pressures arising from the loss of their loved ones.
The families also acknowledged ongoing reforms under the current police leadership, which they said have strengthened trust, improved service delivery, and enhanced the overall image of the Force.
The Rivers State Police Command reaffirmed its commitment to sustaining similar initiatives as part of efforts to uphold the dignity, sacrifice, and legacy of officers who served the nation with distinction.
King Onunwor
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