Business
Abuja Rail Mass Transit project 95% completed – Wike
The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike says the Abuja Rail Mass Transit (ARMT) project is 95 per cent completed and will be ready for inauguration in May.
Wike stated this when the Belgium Ambassador to Nigeria, Mr Daniel Bertrand, visited him in Abuja on Wednesday.
The minister explained that the feat was part of efforts to improve public transportation in the federal capital, Abuja.
“When we came on board, we found out that the Abuja Light Rail was not functional and we felt that it will be a good thing for the people, if we decongest the city by putting it to function.
“So, President Bola Tinubu directed that whatever can be done, should be done, so that in his one year in office, the light rail will come on board for the use of the residents.
“The people can use it going out of the city, going to the airport and other area councils, and instead of going with their vehicles they can take the train.
“I can announce to you that we are almost there. The company handling the project, China Civil Engineering Construction Corporation (CCECC), is almost 95 per cent completed.
“By the grace of God, we believe that in May, Mr President will inaugurate it,” the minister said.
Wike added that discussion was on-going with private investors to change the mode of public transportation in the FCT.
He acknowledged that the deficit in public transportation constituted a security challenge in the city, adding that most of the operators were not registered.
He expressed concern that most residents did not know the vehicle they were boarding, adding that efforts were on-going to ensure all public transport operators were registered.
The minister added that the government had concluded plans to build taxi and bus terminals where residents could patronise registered and identified operators.
He further said that the construction of the terminals would commence in the next one month, with the approval of the Bureau of Public Procurement.
The minister also said that discussion was on-going with the Inspector General of Police, the Director-General, Department of State Services, and cattle herders on ways to stop open grazing in the city.
He explained that the discussion was to get the herders to understand why they should not rear cattle within the city.
“I can tell you that it is not what we want, but believing that the matter will be resolved and alternative will be provided for the herders to rear their cattle,” he said.
Wike also sought partnership with the Belgian government on security and agriculture.
Earlier, the Ambassador said that the visit was to get to know the minister’s plans in mass public transportation, update on the Abuja Light Rail project and the stand on open grazing in the city.
Bertrand expressed satisfaction with developments in the FCT, particularly the green vegetation and trees as well as less traffic.
He said that the Belgian government was open for partnership on areas of mutual benefits. (NAN
The Nigerian National Petroleum Company Limited (NNPCL) has announced the appointment of a new eight -man Senior Management Team.
The appointment followed the recent announcement followed the appointment of the Group Chief Executive Officer (GCEO) and Board of Directors.
Disclosing this in a statement on Friday, NNPCL Chief Corporate Communications Officer, Olufemi Soneye, said the appointments all take immediate effect.
“Following the appointment of the Group Chief Executive Officer and Board of Directors, the Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the appointment of a new 8-man Senior Management Team on Friday,” he stated.
“The team which will be headed by the GCEO, Mr Bashir Bayo Ojulari, has Rowland Ewubare as Group Chief Operating Officer; Adedapo Segun as Group Chief Financial Officer; and Olalekan Ogunleye as Executive Vice President Gas, Power & New Energy.
“Other members of the team are: Udy Ntia as Executive Vice President Upstream; Mumuni Dangazau as Executive Vice President Downstream; Sophia Mbakwe as Executive Vice President Business Services; and Adesua Dozie, as Company Secretary & Chief Legal Officer. All appointments are with immediate effect.”
Ngozi Okonjo-Iweala, the director-generaI of the World Trade Organisation (WTO), says the recent tariffs announced by the United States (US) will have significant implications for global trade and economic growth prospects.
On April 2, President Donald Trump announced sweeping global tariffs on all imports into the US, imposing 14 percent on Nigeria.
In a statement on Thursday, Okonjo-Iweala said the WTO secretariat is closely monitoring and analysing the measures announced by the nation.
The WTO DG said many members have “reached out to us”, adding that the secretariat is actively engaging with them in response to their questions about the potential effect on their economies and the global trading system.
“The recent announcements will have substantial implications for global trade and economic growth prospects,” the economist said.
“While the situation is rapidly evolving, our initial estimates suggest that these measures, coupled with those introduced since the beginning of the year, could lead to an overall contraction of around 1% in global merchandise trade volumes this year, representing a downward revision of nearly four percentage points from previous projections.”
Okonjo-Iweala expressed concern over the decline and the potential for escalation into a tariff war with a cycle of retaliatory measures that could lead to further declines in trade.
“It is important to remember that, despite these new measures, the vast majority of global trade still flows under the WTO’s Most-Favored-Nation (MFN) terms,” she said.
“Our estimates now indicate that this share currently stands at 74%, down from around 80% at the beginning of the year. WTO members must stand together to safeguard these gains.”
According to the WTO DG, trade measures of this size have the potential to create significant trade diversion effects.
Therefore, she called on members to “manage the resulting pressures responsibly to prevent trade tensions from proliferating”.
“The WTO was established to serve precisely in moments like this — as a platform for dialogue, to prevent trade conflicts from escalating, and to support an open and predictable trading environment,” Okonjo-Iweala said.
She encouraged members to utilise the forum to engage constructively and seek cooperative solutions.
By Abubakar Yunusa
The Association of Labour Veteran and Trade Union Assembly has voiced its support for President Bola Tinubu’s economic reforms, claiming that food prices have significantly decreased across the country.
In a statement issued on Thursday, the union’s interim president, Comrade Isa Tijjani, acknowledged the initial economic hardship faced by Nigerians at the beginning of Tinubu’s administration but insisted that government efforts had led to tangible improvements.
“At the start of this administration, the cost of food soared, and the nation was filled with cries of hunger and complaints. People were urged to be patient as the government worked towards solutions,” Tijjani said.
“Now, the President and his aides have worked tirelessly, and prices have come down drastically. However, I have yet to hear words of appreciation for their efforts. Recognising their achievements will encourage them to do even more for the nation.”
Tijjani, a former national vice-president of the Nigeria Labour Congress, urged Nigerians to differentiate between constructive criticism and unwarranted opposition.
He emphasised that engaging with the government in a respectful and solution-oriented manner would yield better results than resorting to hostility.
“The President of this country today is Alhaji Bola Ahmed Tinubu. Advising him in a humble and respectful manner will be more productive than adopting a confrontational stance. Constructive engagement achieves more than threats and name-calling,” he added.
Tijjani also condemned the recent act of violence in Edo State, describing it as a cowardly attempt to incite division and instability in Nigeria.
He welcomed the swift response of both the President and the Governor of Edo State in addressing the situation and called for the perpetrators to be brought to justice.
The labour leader further urged union members to participate in the upcoming General Executive Council meeting, where the union’s position on national issues will be formalised and disseminated at all levels of governance, from the state to the local and ward levels.
The Tinubu administration has faced criticism over the country’s economic challenges, including inflation and currency depreciation. However, government officials have maintained that their policies will yield long-term benefits for Nigeria’s economy.