Business
Transport Firm Spends N6.2m On Speed Limiters
The Bauchi State Transport Company, operators of the Yankari Mass Transport has said that it has spent N6.2 million in purchasing and installing speed limiters in its vehicles.
The Operations Manager of the company, Alhaji Mohammed Jibrin, said this in an interview newsmen in Bauchi, yesterday.
Jibrin said the gadgets were purchased at the cost of N40,000 per unit.
“We purchased the speed limiters from the list of 60 vendors recommended by the Federal Road Safety Commission (FRSC).
“We have 65 serviceable vehicles and so far, we have installed about 40 units; the remaining 25 gadgets are ready and any moment from now, the vendors will start installing them in the remaining vehicles.
“The gadgets are not costly, considering the fact that human lives are priceless. It is cost effective if it can save the lives of 14 passengers in a bus.
“To us, the gadgets are very vital, even though, some drivers will not like to be restricted to a limit of 100km per hour but some of the passengers we interviewed said they were very happy about the development,’’ Jibrin said.
The manager said that the introduction of the gadgets was a good omen for the company because the drivers could not exceed 100km per hour.
He said the limiters would also save fuel; wear and tear of the vehicles, making them last longer.
The Tide garthered that the House of Representatives’ resolution of June 23, 2016, approved the introduction of speed limiters in accordance with the extant provisions of the FRSC Establishment Act (2007).
Consequently, the FRSC embarked on extensive consultation with relevant stakeholders and elaborate Public Education programmes.
The FRSC on Oct. 1, 2016, commenced a subtle enforcement of the speed limiting device in all commercial vehicles across the country.
That is those who did not install the device were not punished but rather educated on its benefits.
The commission said the decision was predicated on the analysis of data generated from Road Traffic Crashes (RTC) around the country.
He said the analysis overtime revealed that speed and the involvement of commercial vehicles consistently accounted for about 60 per cent of RTC in Nigeria.
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FG Fixes Uniform Prices for Housing Units Nationwide, Approves N12.5m For 3-bedroom Bungalow ……..Says Move To Enhance Affordability, Ensures Fairness
“The approved selling prices are as follows: One-bedroom semi-detached bungalow, N8.5 million; two-bedroom semi-detached bungalow: N11.5 million and three-bedroom semi-detached bungalow, N12.5 million,” the statement added.
Minister of Housing and Urban Development, Ahmed Dangiwa, stated that priority in the allocation of the housing units would be given to low and middle-income earners, civil servants at all levels of government, employees in the organised private sector with verifiable sources of income, and Nigerians in the Diaspora who wish to own homes in the country.
The Permanent Secretary in the ministry, Dr. Shuaib Belgore, explained that several payment options have been provided to make the houses affordable and flexible. These include outright (full) payment, mortgage, rent-to-own scheme, and installment payment plans.
The ministry further announced that the sale of the completed housing units across the northern and southern regions will soon commence.
“Applications can be made through the Renewed Hope Housing online portal at www.renewedhopehomes.fmhud.
The ministry, however, clarified that the approved prices apply strictly to the Renewed Hope Housing Estates which are funded through the ministry’s budgetary allocation, as against the Renewed Hope Cities in Karsana Abuja, Janguza Kano, Ibeju Lekki, Lagos which are being funded through a Public Private Partnership (PPP).
