Business
Motorists, Commuters Worry Over Bad Roads, In PH
Motorists and commuters plying Rumuokoro, Rukpoku, Eliozu axis of the G. U. Ake Road in Port Harcourt have appealed to the Rivers State Government to expedite action on the construction of the road as its condition had been a great concern to the public, more so with the collapsed of the Airforce fly-over bridge along the Port Harcourt-Aba Expressway.
The Tide correspondent, who was at Airforce fly-over bus-stop along the express on Monday observed that commuters were stranded as most commercial drivers that ply that road could not due to the deplorable condition of the road while some drivers who managed to operate hiked the fare.
Speaking with The Tide, a driver, Mr Richard Olarepekun said it is not the fault of driver who hiked these fare because of the bad road, as some drivers from Rumuokoro to the Port Harcourt-Aba Expressway chargedN200.00 in the morning instead of the N100.00 normal fare. He appealed to the government for urgent repair of the road.
Also speaking, a resident of Rukpoku, Elder Jacob Nwiadu condemned the increased in fare as people suffering. He called on the government to come to their aid/
A student of Government Craft Centre (GTC), Port Harcourt, Precious Loveday said he went to school late because pf transportation problem at Eliozu axis and lamented that it would adversely affect his studies if the situation was not arrested earlier. “I used to pay N50 from Eliozu to this junction (Airforce fly-over), before but I paid N100 today because of the bad road and the collapsed fly-over,” he said. And enjoined to government of Rivers State to arrest the problem even at Rumuodara Road.
“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.
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“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.