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Sanwo-Olu delivers opens 18.7km six-lane Eleko-Epe Expressway

Published

1 year ago

February 2, 2023

NewsDirect

…Governor upgrades rural road 40 years after, flags off project’s expansion to Abraham Adesanya Roundabout

First phase of the reconstruction and upgrading of the Eti Osa-Lekki-Epe Expressway has now been completed and delivered, with the infrastructure formally opened to vehicular traffic.

Lagos State Governor, Mr Babajide Sanwo-Olu was on Wednesday, accompanied by joyful residents to commission the 18.75-kilometre long stretch from Eleko to Epe T-Junction, turning a two-lane rural roadway to a six-lane rigid concrete carriageway.

The construction feat marked a significant improvement in the effort to redevelop the rural road, built over 40 years ago. Before reconstruction, the infrastructure was in decrepit shape due to upsurge in average daily traffic volumes, subjecting road users to delay and hardship.

The road upgrade to six lanes, with street lights installation and dedicated tracks for trailers, has changed the narrative and brought a huge relief to motorists plying the route.

After inaugurating the completed first phase of the road, Sanwo-Olu immediately flagged off the second phase of the road project, which will extend the construction from Eleko axis to Abraham Adesanya Roundabout.

The Governor, however, said the project’s second phase would be done in two segments for ease of funding and to reduce the traffic impact of the construction work on commuters.

The 18.6km first segment, Sanwo-Olu said, would take off from Eleko to Awoyaya and to critical sections around Majek and Ogidan. Second segment, which is 11km, will kick off at Ogidan to Abraham Adesanya Roundabout.

The Governor said the development marked another effort by his administration at investing in infrastructure that would impact positively on the socio-economic well-being of the residents.

Before the intervention, Sanwo-Olu said the expressway was in critical condition, creating agony for travellers and causing pain in the movement of goods and services.

He said: “Inauguration of this road project we are opening today is coming after 40 years the infrastructure was originally constructed as a rural cross-section without drain. Our administration flagged off the reconstruction and upgrading of the Eti-Osa-Lekki-Epe Expressway from the existing two-lane to a three-lane dual carriageway with a reinforced concrete pavement and with a lane in each direction dedicated for trucks to accommodate the envisaged axle loads.

“This event does not only mark the opening of Phase 1 of the project, we are also flagging off the commencement of the Phase 2 of the work. The entire project will set the Lekki-Epe corridor on the path of socio-economic prosperity and progress. This corridor is fast emerging as an urban economic hub. The growth must come with infrastructure investment that will support the development. The infrastructure will not only bring relief to residents plying the road, it will also ease the transportation of goods, while encouraging industrial development in the Lekki Free Zone.”

Sanwo-Olu urged residents to take ownership of the infrastructure, asking them to protect its facilities from vandals in order to continue to serve them.

He expressed appreciation to the Ibeju Lekki residents and Community Development Associations (CDAs) for their unflinching support and cooperation throughout the construction period of the first stretch.

The Governor also used the opportunity to appeal to motorists on the axis to be patient, given the perennial traffic being experienced along the Lekki-Epe Expressway occasioned by the ongoing construction of the project’s Phase 2 and the work on Regional Road.

Special Adviser to the Governor on Works and Infrastructure, Engr. Aramide Adeyoye, said the Eti Osa-Lekki-Epe Expressway was long overdue for upgrading, given its deplorable condition that reduced journey from 35 minutes to over four hours.

She said the commuters’ pains were compounded by upsurge in activities of Lekki recently commissioned Deep Sea Port, Dangote Refinery and other multinational businesses sites around the Lekki Free Trade Zone corridor.

Adeyoye said repairs hitherto carried out on the carriageway only delivered short-term and could no longer be sustainable, justifying the need for permanent solution to address drainages, outfalls and weariness.

She said: “The reconstruction of the Lekki-Epe Expressway is, no doubt, a laudable project that will impact positively the lives of residents, eliminate traffic gridlocks, drastically reduce the travel time of commuters, and businesses as well as improve the socio-economic activities around the axis. I, therefore, implore us all as stakeholders to take ownership of it and be wary of vandals by carefully guarding it so it can continue to serve us as long as we so desire.

Chairman of Ibeju Lekki Local Government Area, Hon. Abdullah Olowa, said the delivery of the first phase of the infrastructure had started changing residents’ agonising story, praising Sanwo-Olu for heeding the calls for restoration and expansion of the road.

The council boss said the project would further strengthen the historical bond between Ibeju Lekki indigenes and Epe people.

A fisherman and regular road user, Alani Bello, said: “The road had been impassable for many years, because of the pressure on it. We usually planned our journey ahead due to the gridlock. With the reconstruction of the road to six-lane, we now enjoy some relief, even though the work is yet to complete.”

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FG set to sell DisCos to reputable operators in three months — Adelabu

Published

20 hours ago

April 26, 2024

NewsDirect

The Minister of Power, Chief Adebayo Adelabu, has said that the federal government would sell off the five electricity Distribution Companies (DisCos) now under the management of banks and Asset Management Company (AMCON) in the next three months to reputable technical power operators.

Adelabu disclosed this to the members of the Senate Committee on Power who were on an oversight visit to the ministry in Abuja.

The Minister added that the energy distribution assets are technical and as such, they should be under the management of technical experts.

As it stands, Abuja Electricity Distribution Company (AEDC) is currently under the management of the United Bank of Africa (UBA), Fidelity Bank manages Benin Electricity Distribution Company, Kaduna Electricity Distribution Company, and Kano Electricity Distribution Company while Ibadan Electricity Distribution Company is under the AMCON management.

They all found themselves under the new management arrangement owing to their inability to repay their loans.

He informed the committee that tough decisions on the DisCos have become necessary because the entire Nigerian Electricity Supply Industry (NESI) fails when they refuse to perform.

According to him, the ministry will prevail on the Nigerian Nigerian Electricity Regulatory Commission (NERC) to revoke underperforming licenses and also change the management board of the DisCos if it becomes the solution.

Adelabu said, “Lastly, on distribution. Very soon you will see that tough decisions will be taken on the DisCos. They are the last lap of the sector. If they don’t perform, the entire sector is not performing.

“The entire ministry is not performing. We have put pressure on NERC, which is their regulator to make sure they raise the bar on regulation activities.

“If they have to withdraw licenses for non-performance, why not? If they have to change the board of management, why not?

“And all the DisCos that are still under AMCON and Banks, within the next three months, they must be sold to technical power operators with good reputations in utility management.

“We can no longer afford AMCON to run our DisCos. We can no longer afford the banks to run our DisCos. This is a technical industry and it must be run by technical experts.”

The Minister also noted that it has become necessary to reorganise the DisCos for efficiency.

He stressed that Ibadan DisCo is too large for one company to manage.

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Five arrested for attacking, injuring four LASTMA officers

Published

20 hours ago

April 26, 2024

NewsDirect

…Operational vehicles damaged

…54 trucks impounded for illegal parking

Five miscreants have been arrested for assaulting and injuring LASTMA personnel during an enforcement operation in the Oba Akran Avenue area of Ikeja, Lagos and the state government has finalised preparations to prosecute them

Firector of Public Affairs and Enlightenment of LASTMA, Mr. Adebayo Taofiq, disclosed this in a press statement made available to journalists on Thursday.

According to him, April 23, LASTMA operatives conducted an operation to remove illegally parked Viju Milk trucks on Oba Akran Avenue in response to numerous complaints from the public about the trucks causing traffic congestion.

During the operation, four LASTMA officers sustained serious injuries from weapons wielded by Viju Milk truck drivers and local miscreants.

“While LASTMA operational vehicles were vandalised, 54 Viju Milk truck were evacuated by LASTMA during the enforcement operations.”

He said, “The police, working alongside LASTMA, arrested five of these individuals namely: Falomo Oluwafemi, Afeniyi Stephen, Olamide Adekunle, Chukwu Guaja Eze and Adeshina Sulaimon, seized various weapons including broken bottles, iron rods, charms, knives, and cutlasses.”

The injured LASTMA officers were promptly taken to the hospital for medical attention.

Hon. Sola Giwa, the Special Adviser to the Governor on Transportation, stated that the arrested individuals would be prosecuted by the government as a deterrent to others.

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Hardship: FG kicks off N100bn consumer credit scheme

Published

2 days ago

April 25, 2024

NewsDirect

…Civil servants to benefit in first phase

By Grace Olatundun

The Federal Government of Nigeria has kicked off the N100 billion Consumer Credit Scheme for Nigerians as a tool to alleviate the escalating economic hardship in the country.

In a press statement on Wednesday by the President’s spokesperson, Ajuri Ngelale, he disclosed that interested Nigerians are expected to visit the portal of Nigerian Consumer Credit Corporation before May 15, 2024.

The President noted that the “consumer credit serves as the lifeblood of modern economies, enabling citizens to enhance their quality of life by accessing goods and services upfront, paying responsibly over time. It facilitates crucial purchases, such as homes, vehicles, education, and healthcare, which are essential for ongoing stability and the pursuit of their aspirations.

“Individuals build credit histories through responsible repayment, unlocking more opportunities for a better life. The increased demand for goods and services also stimulates local industry and job creation.”

The President stated further that every hardworking Nigerian should have access to social mobility, with consumer credit playing a pivotal role in achieving this vision.

“The Nigerian Consumer Credit Corporation (CREDICORP) achieves its mandate through the following: Strengthening Nigeria’s credit reporting systems and ensuring every economically active citizen has a dependable credit score. This score becomes personal equity they build, facilitating access to consumer credit, Offering credit guarantees and wholesale lending to financial institutions dedicated to broadening consumer credit access today and Promoting responsible consumer credit as a pathway to an improved quality of life, fostering a cultural shift towards growth and financial responsibility.

“In line with the President’s directive to expand consumer credit access to Nigerians, the Nigerian Consumer Credit Corporation (CREDICORP) has launched a portal for Nigerians to express interest in receiving consumer credit.

“This initiative, in collaboration with financial institutions and cooperatives nationwide, aims to broaden consumer credit availability.

“Working Nigerians interested in receiving consumer credit can visit www.credicorp.ng to express interest. The deadline is May 15, 2024.

“The scheme will be rolled out in phases, starting with members of the civil service and cascading to members of the public,” the statement read.

Recall that two months ago, a presidential spokesman, Bayo Onanuga, announced that the Federal Executive Council had given the nod for the establishment of the Consumer Credit Scheme.

He said the President’s Chief of Staff, Femi Gbajabiamila, will lead a committee that includes the Budget Minister, Attorney-General, and Coordinating Minister of the Economy and Finance to make the scheme a reality.

In March, the Chairman of the Federal Inland Revenue Service Chairman, Zacch Adedeji, said the Nigerian government would unveil its proposed N100 billion consumer credit loan in a few days.