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FG Set To Lower Fare Cost For E-Hailing Ride With CNG Fuel

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The Federal Government on Friday moved to significantly lower the cost of fare charged by E-hailing taxis with a 50 percent conversion discount to Compressed Natural Gas, CNG.

Programme Director/CEO, Presidential Compressed Natural Gas Initiative, PCNGI, Engr Michael Oluwagbemi stated this on Friday while appearing on Arise TV program, He highlighted the significance of the e-hailing taxi service in the economy, disclosing that in 2020, the sector generated $290 million in revenues with seven million people using the service.

We’ve Activated Conversion Centers In Seven States Lagos,FCT, Oyo, Nasarawa, Niger Kaduna and Ogun State. We expect before the end of the year we should be in fifteen States.We are expanding our footprint every day . We have over 50 conversion center sign up under the Conversion Incentive Program ( CIP) we are so building capacity by training the technicians we are working with Ministry of Labor and Transportation ministry in that regards .

Oluwagbemi said: “Indeed, we know that transportation is responsible for about 14% to 15% of an average family’s spending. It contributes about 1.5% to the overall economy, with an average of 5.1% growth on a year-to-year basis

He pointed out that in Nigeria the vehicle-to-population ratio is about 60 vehicles to 1,000 people “with 41.1% of the about 12 million vehicles in Nigeria are privately owned, with vehicle ownership concentrated in our urban areas.

This means that the real opportunity for moving people around in an environment where there is no vehicle ownership is this ride-share technology that has become available across the land in the last 10 years. The global ride-hailing market is valued at about $130 billion as of 2020, and is anticipated to reach a value of $230 billion by 2026, registering about 8.75% growth between 2021 and 2026.

In 2020, revenues generated in Africa alone from the ride-share industry was about $2.5 billion, with Nigeria accounting for about $292 billion of that, and also accounting for 15% of the 48.6 million people that use ride-shares.

“This is quite significant. That means Nigeria accounts for about 7 million people using ride-share that used ride-share in 2020. Our young people in our cities, from Lagos to Ibadan, to Ilorin to Ado Ekiti, to Lokoja, Abuja, Kaduna, Kano, Uyo, Ife Port Harcourt, Aba, Onitsha, all the way to Benin City, to Maiduguri, all utilize ride-share services

Oluwagbemi explained that the use of CNG would reduce cost of fueling for the cab drivers by about 70 percent, significantly lower their cost of operation and fare price for passengers.

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Maiduguiri Flooding: Tinubu Directs NEMA to Provide Adequate Assistance to Borno Victims

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President Tinubu has voiced his concern regarding the flooding in Maiduguri and has committed to providing federal assistance.

In statement released by Bayo Onanuga, Special Adviser to the President on Information & Strategy, Tinubu, “President Bola Tinubu expresses deep concern about the flooding in parts of Maiduguri, the capital of Borno State.

“The worst flood in recent decades has displaced thousands of residents and affected facilities such as the Post office and the Maiduguri Teaching Hospital.

“President Tinubu extends his heartfelt condolences to the government and people of the State, especially to the families that have lost their means of livelihood due to the disaster triggered by the overflow of the Alau Dam.

“While relevant authorities are still assessing the damage wrought by the flood, the President calls for the immediate evacuation of people from affected areas.

“President Tinubu assures Governor Babagana Umara Zulum that the Federal Government is ready to collaborate to address the immediate humanitarian needs of the affected people.

“He orders the National Emergency Management Agency to assist the flood victims.”

The President remains committed to mobilising federal resources to support the state during this difficult time.

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2024 National Honours: Tinubu Approves Commencement of Selection Process

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The President of Nigeria, Bola Tinubu, has approved the commencement of 2024 National Honours Award to Nigerians and friends of Nigeria who have contributed to the development of the country.

The Minister of Special Duties and Intergovernmental Affairs, Zaphaniah Jisalo, disclosed this at a meeting with management staff of the ministry on Tuesday in Abuja.

Mr Jisalo said that the Federal Government would also honour Nigerians who have distinguished themselves in their various fields of endeavours.
The minister explained that the forms and processes leading to the award of national honours were free of charge, adding that people should desist from paying for national honuours.
“By this information, the public is to watch out for calls for nominations and present individuals who have distinguished themselves by uplifting the nation and its people.

“This is in accordance with the National Honours Award Act 2004. The Act took retrospective effect from 1963, “he said.

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Maiduguiri Flood: NEMA Moves To Evacuate Residents

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The National Emergency Management Agency has announced that they have initiated the evacuation of residents from Maiduguri’s impacted flooded communities and are actively working to provide food, shelter, and medical care.

In statement released by Zubaida Umar, Director General, National Emergency Management Agency,

He said,“In response to the unfortunate flooding situation in the Maiduguri metropolis of Borno State, which started last weekend and increased in the early hours of Monday, 9th September 2024, resulting from excess waters from the Alau Dam, we have begun the evacuation of residents of the affected communities and working on provision of food, shelter, and medical assistance.

“One of the spillways of Alau Dam collapsed, leading to a significant increase in water flow downstream and exacerbating the flooding in surrounding areas.

“The areas impacted by the incident include Shehuri, parts of the Government Residential Area (G.R.A.), Gambomi, Budum, Bulabulin, Adamkolo, Millionaires Quarters, Monday Market and Gwange.

“Borno State Government has opened up Bakassi Camp to accommodate those displaced by the flood. We are working, alongside the Borno State Emergency Management Agency, in providing humanitarian assistance to the distressed in the camp.”

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