Business
Stakeholder Okays FG’s Plan To Reintroduce Toll Gates
The proposed re-in
troduction of Toll Gates in highways across the federation has been described as a step in the right direction.
A renowned stakeholder in road transportation, Chief Ignatius Agboure who made the remark in a chat with our correspondent in Port Harcourt yesterday said the move would boost the revenue of the federal government adequately.
Agboure said the re-introduction of highway tolling, if properly managed, would raise additional funds for the government to finance road infrastructure as well as ensure efficient in road maintenance and security.
According to him, when re-introduced, there would be job creation, security on the road, maintenance of the nation’s road infrastructure, in the country and also ensure sanity on our highways.
The stakeholder noted that if the Federal Government re-introduce the toll gate there would be availability of fund to fix all highways, complete on-going inter-state roads as well as construct more roads pointing out that it would also check traffic gridlock on the roads.
He also noted that funds generated from the toll gate would boost the economy, limit sped on the highway, and ease transportation, urging other stakeholders to support the Federal Government on this project.
Agboure reiterated that all federal roads and highways should be maintained and rehabilitated before they embarked on the re-introduction of the toll gate system.
He also called for accountability of funds realized from the gates so that it could be ploughed back to keep the roads in motorable condition.
Collins Barasimeye
“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.