Business

RTEAN Decries Poor Access Roads …Loses 400 Trucks In One Year

Published

9 years ago

May 8, 2017

The Road Transport Employers Association of Nigeria (RTEAN) has decried the poor state of port access roads in the country, saying members lost over 400 trucks in Apapa and Tincan Island ports axis in the last one year alone .

He added that some of the truckers have sold off their trucks as scraps due to lack of job and poor port access roads.

Lagos State chairman of RTEAN, Alhaji Musa Muhammed, stated this at the monthly news events of the Association of Maritime Journalist of Nigeria (AMJON), tagged monthly round table held in Lagos, recently.

Muhammed who was represented at the event by the State Public Relations Officer, Comrade Abayomi Afini, said that members plying their trade in the ports are leaving the business in droves because it is becoming increasingly unprofitable due to the very poor state of ports access roads and the downturn in the Nigerian economy which has, according to him, cut imports coming into the country through the seaports by about half.

He lamented that while the poor port access roads is damaging the vehicles daily, cost of acquiring new trucks has doubled even as cost of spare-parts has gone up by over 50 percent in the last one years.

Muhammed said, in Tincan and Apapa alone, I can count about 40 owners that are no more in business. I am talking of members that have about 10 to 15 trucks each.

“Our very bad situation is made worse by the fact that instead of the cost of freight going up following the rising cost of business, cost of freight is rather falling.

In 2007, for instance, we used to charge N160,000 for a 40 feet container to Ikeja, but today we charge N60,000 for the same 40 feet container to Ikeja because even as the cost of doing the business is very high, there is no business either because of government policies that have dried up imports to Nigeria,” he said.

He lamented that members of the Association are now selling their trucks and going into Commercial Bus Transportation Business.

“Infact it is more profitable to operate Keke Napep than to own a truck today in Nigeria”, he added.

Mohammed also said that the Nigeria Port Authority (NPA) deceived its members to subscribe to the N10,000 payments for stickers it introduced last year as a measure for minimum truck standardization in the port.

He added that lack of unity among the various Truck Owners Associations in the port contributed to NPA’s success in collecting the fee for the strckers even as he blamed the government for not sticking to the two recognized associations notable in the transport sector

He said, “Last year, NPA came up with the issues of stickers that has been there for six years but because there are many associations in the ports, that is why we have the problems we have today.

“If government has been dealing with the two major Associations, that is the National Union of Road Transport Workers (NURTW) and RTEAN, there wouldn’t have been the problems we have today in the ports. These two bodies are supposed to take care of all transport problems in the country; but today, we have so many associations.

“On the issue of the stickers we had several meetings with the MD and the General Manager, Western port of NPA, they told us that immediately we are able to pay the money, extortion would stopped at the gate but that has not stop”, he said.

Earlier, the Public Relations Officer had disclosed that the association has an internal standard assurance mechanism to make sure that members’ trucks met the required standard.

He said that the Association had always ensured that its members maintain their trucks and to make sure they are in good shape and they are complying with to the directive”.

He however denied the allegation that members of the association park their trucks indiscriminately on the roads thereby causing traffic gridlock, saying the reason why trucks litter the roads is because the terminal operators have failed to produce truck bays as well as the failure of the government to provide parking lot for trucks coming into the ports.

Nkpemenyie Mcdominic – Lagos

Business

Boat Mishap Kills Pastor, Wife And Church Members In Brass Water

Published

13 hours ago

May 18, 2026

The Tide

A boat accident in Bayelsa state has killed a serving Pastor, Wife and other church members along Brass waterways

The sad incident happened at Odioama in Brass local government area of Bayelsa State when the Pastor, wife and members of his church were in a programme.

?Tide confirmed that the lifeless body of the Pastor’s wife has been found and deposited in a mortuary while the remains of her husband ,the Pastor is yet to be recovered

as search party are still ongoing.

Although the real cause of the boat Mishap is not yet known as at the time of this report, our Correspondent gathered that the identities of the Pastor, wife and church members were not disclosed to the public.

The mishap, Tide gathered occurred on Friday morning when the church members were on a boat transit

The Bayelsa State government and the state police command are yet to issue official statement’s on the sad accident

By: CHINEDU WOSU

Business

Rivers Workers Seek Scrapping Of Contributory Pension Scheme

Published

13 hours ago

May 18, 2026

The Tide

The Rivers State Council of Nigeria Civil Service Union has called on the State Government to urgently scrap the contributory pension scheme, describing it as unfavourable to long-serving civil servants in the state.

Chairman of the union, Chukwuka Osuma, said this in an interview with newsmen in Port Harcourt, recently.

Osuma said the current pension structure has continued to worsen post-retirement hardship for workers.

He noted that the contributory pension scheme had failed to provide adequate retirement security for workers who had spent many years in service, especially those approaching retirement age.

According to him, civil servants who had served for more than 20 years were among the worst affected under the scheme, insisting that many retirees could no longer cope with prevailing economic realities.

He also informed that the Union has made moves to showcase their concerns, pleading with Governor Siminalayi Fubara to abolish the pension policy and introduce a more favourable arrangement for affected workers.

“The union was not opposed to pension reforms, the contributory scheme should only apply to newly employed workers or those with fewer years in service”, he said.

Osuma explained that workers who had already spent decades in the civil service ought to remain under a more secure pension structure capable of guaranteeing stability after retirement.

The labour leader further noted that inflation and the rising cost of living had continued to erode the value of retirement savings, thereby increasing the suffering of pensioners across the country.

He also appealed to the state government to consider extending the years of service in the civil service from 35 to 40 years and the retirement age from 60 to 65 years.

Osuma argued that such adjustment had become necessary in view of present-day economic realities and changing conditions in the workplace.

The unionist also reviewed that similar policies had already been adopted in some sectors and jurisdictions, expressing optimism that the State could also implement the reforms for the benefit of workers.

He however, commended Governor Fubara for approving an N85,000 minimum wage for workers in the state, noting that the amount was above the national benchmark of N70,000.

Osuma also acknowledged the government’s efforts in the area of workers’ promotions and bonuses, but insisted that pension reforms and extension of years of service remained critical to the long-term welfare and stability of civil servants in Rivers State.

By: King Onunwor

Business

FG Begins South-West Tour To Promote New Cooperative Bank

Published

6 days ago

May 13, 2026

The Tide

The Federal Government has launched the South-West zonal engagement and ministerial advocacy tour on the Cooperative Bank of Nigeria share capital mobilisation, sensitisation and cooperative sector digitalisation.

Reports say the initiative was launched through the Federal Ministry of Agriculture and Food Security.

According to reports, the advocacy tour, organised by the ministry’s Federal Department of Cooperatives, began on Monday in Lagos.

Speaking at the event, the Minister of State for Agriculture and Food Security and Supervising Minister of Cooperative Affairs, Dr Aliyu Abdullahi, said the initiative was part of President Bola Ahmed Tinubu’s Renewed Hope Agenda.

Abdullahi described the exercise as a strategic effort to reposition the cooperative sector as a key driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity.

“Today represents a defining moment in our collective determination to reposition the cooperative sector as a major driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity,” he said.

The minister noted the modern cooperative movement in Nigeria originated in the South-West following the 1934 Strickland Report, which led to the enactment of the Cooperative Societies Ordinance of 1935.

According to him, the decision to commence the sensitisation and share capital mobilisation tour in the region is symbolic, as it marks a return to the roots of cooperative development in the country.

Abdullahi said the advocacy tour was a direct outcome of resolutions reached at the 8th Regular Meeting of the National Council on Cooperative Affairs held in Abuja in March 2026.

He said the council approved the Renewed Hope Cooperative Reform and Revamp Programme, a comprehensive framework designed to strengthen the cooperative sector and align it with the administration’s goal of building a one-trillion-dollar economy.

“The reform programme focuses on seven strategic pillars, including governance reforms, cooperative financing and the establishment of the Cooperative Bank of Nigeria, digitalisation, capacity building, value chain development, inclusion of youths, women and persons with disabilities, and strategic partnerships,” he said.

He said the establishment of the Cooperative Bank of Nigeria and the digitalisation of the cooperative sector were the two major transformational initiatives under the programme.

“The Cooperative Bank of Nigeria is aimed at rebuilding a strong cooperative financial system capable of supporting cooperators, farmers, artisans, traders, SMEs, youths, women and persons with disabilities with accessible and affordable financial services,” he said.

Abdullahi emphasised that the proposed bank would be government-enabled but not government-funded.

“Government is not establishing the bank as an owner, nor will it rely on Treasury Single Account funds.

“The role of government through the FMAFS is to provide policy support, stakeholder coordination, regulatory facilitation and an enabling environment under the Renewed Hope Cooperative Reform and Revamp Programme,” he said.

Also speaking, the Lagos State Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs Folashade Ambrose-Medebem, reaffirmed the state government’s commitment to cooperative sector transformation.

She described cooperatives as critical tools for promoting inclusive growth, grassroots productivity, food security, financial inclusion and community wealth creation.

Ambrose-Medebem said Lagos State would continue to support reforms and collaborate with stakeholders to ensure the successful implementation of the Renewed Hope Cooperative Reform and Revamp Programme (2025–2030).

“Together, let us build a cooperative ecosystem that is modern, transparent, digitally enabled, financially inclusive and globally competitive.

“Let us build cooperatives that not only mobilise savings, but also mobilise prosperity,” she said.