Business
Lagos commuters lament as petrol scarcity bites harder
Many residents of Lagos were left stranded on Friday at various pick-up points as petrol scarcity continues to bite harder.
The petrol scarcity, which has lingered for over two weeks, has negatively impacted transportation in the state — leaving commuters scrambling for few available buses.
According to NAN, the situation is most distressing as activities for the 2022 Eid-el-Kabir celebration are in full swing.
The long stretch of Iyana Oworo down to Lagos/Ibadan expressway and inner roads were partially blocked due to long queues of motorists waiting to buy fuel from the few filling stations dispensing in the area.
Transport fares were also hiked for both intra-and inter-state commuting “under the guise of fuel scarcity” and the volume of people traveling to different destinations for the Sallah holidays.
The fare from Iyana Oworo to Berger which was formerly between N200 and N300 was increased to N500, while from the popular 7up bus stop to Mowe, formerly N300, was increased to between N600 and N700.
The inter-state commuting was not left out as transport fare from Lagos to neighbouring towns like Sagamu, Ijebu-Ode, which was formerly between N1,500 to N2,000 – from Berger – had been increased to N4,000.
Hafiz Taofeek said the fuel and transportation situation is taking a toll on preparations for the Sallah celebrations, especially in terms of purchasing food items and movement from one location to another.
He appealed to the government to proffer solutions to the situation.
Olakunle, a veterinary doctor, said commuting on Friday was “terrible” while narrating his experience moving from Lagos to Asese, a neighbouring Ogun community.
“My commuting experience today was terrible. I was expected to keep an appointment outside Lagos around Asese in Ogun state, and after spending three hours in the traffic, I had to turn back,” Olakunle said.
“I had to call my client to inform him of my decision to turn back because I won’t be able to make it down for my next trip.
“On my way back to Lagos, I spent another two hours in the traffic, now I am on my way to Akure for an engagement.
“We need the intervention of government so that the Muslim faithfuls can enjoy the Sallah holidays.”
Funmi Adegbola, another commuter, said almost all inner and access roads in Lagos were not immune to the traffic jam experienced on the major roads.
“I had a terrible experience today; I left home around 1.30 pm. On getting to Anthony Village, there was a downpour which caused traffic jam due to flash floods,” Adegbola said.
“It took about three hours to get to Otedola bridge from Anthony Village. Aside from the traffic, the bus fares were increased astronomically and I think this is not fair on us.
“This hardship is getting to us because almost every essential item is on the high side. Things are very expensive now.”
Femi Adeoya said Lagos had been hectic in recent days, adding that the situation needed government attention.
“Government needs to bring sanity to Lagos because things are not working as they should; the transport system in Lagos has been a mono system,” Adeoya said.
“Lagos is supposed to be a mega city as claimed, but it is turning into something else. Now, Lagos has been ranked as the second-worst city to live in the world.
“The government should review the mass transit bus arrangement which is almost collapsing. Today many commuters have been left stranded at the Bus Stop.
“In developed countries, their governments ensure they take charge of the city transportation, but Nigeria is yet to look in such direction.”
Tunde Babalola said it was difficult for him to get a bus from Ikotun to Cele Bus Stop and when a bus finally showed up, it was a struggle to get into it.
According to him, when he got to Cele, transiting from there to Oshodi was another hurdle and it took two hours of standing at the Bus Stop before he could get a bus to his destination.
Sarah Ejiogu, a civil servant, said she had to get into four different buses before she reached Iganmu, her place of work.
“Ordinarily, I get a straight bus from Ikeja to Costain but today, I had to keep breaking my journey because the buses were not available and I must be at work,” she said.
“I took a bus from Ogba where I reside to Ikeja, another to Maryland, then to Ojuelegba and got another to Costain.
“The drivers complained of unavailability of fuel and long queuing time at the filling stations.
“It is becoming unbearable. Government should please help the situation.”
Business
Nigeria’s GDP rate grew by 3.46% in Q3 2024, says NBS
The National Bureau of Statistics (NBS) says Nigeria’s annual gross domestic product (GDP) grew by 3.46 percent in the third quarter (Q3) of 2024.
The NBS, in its GDP report published on Monday, said the growth rate is higher than the 3.19 percent recorded in Q2 2024.
Business
Dangote refinery reduces ex-depot price of petrol to N970 for oil marketers
The Dangote Petroleum Refinery has announced a reduction in its ex-depot price of premium motor spirit (PMS), also known as petrol, to N970 per litre for oil marketers.
This is a cut from the refinery’s N990 ex-depot price announced earlier this month, according to a statement on Sunday.
The slash would help marketers save about N20 on each litre of petrol bought from the Lekki-based plant.
Anthony Chiejina, Dangote Group’s chief branding and communications officer, said the move is the refinery’s way of appreciating Nigerians “for their unwavering support in making the refinery a dream come true”.
“In addition, this is to thank the government for their support as this will complement the measures put in place to encourage domestic enterprise for our collective well-being,” the statement reads.
“While the refinery would not compromise on the quality of its petroleum products, we assure you of best quality products that are environmentally friendly and sustainable.
“We are determined to keep ramping up production to meet and surpass our domestic fuel consumption; thus, dispelling any fear of a shortfall in supply.”
Business
Allegation of missing fund untrue, says Access Bank
Access Bank Limited has dismissed as untrue allegations of missing fund and unethical behaviour.
The Bank in a statement said: “Our attention has been drawn to a video on social media wherein allegations of missing funds and unethical behaviour have been made against Access Bank PLC.
“First and foremost, we wish to emphasise that the safety and security of our customers’ funds are core priorities which we take seriously. Second, Access Bank Plc does not engage in or condone any unethical behaviour.
“In the instant case, the allegations of missing funds in the Bank are most untrue and baseless.
“There is no N500million or any other fund or amount missing from the subject customer’s account or from any other customer’s account with us.
“We and other independent stakeholders in the banking industry have thoroughly investigated these allegations and independently arrived at the same conclusions.
“Access Bank PLC operates with the highest ethical standards, and we protect our customers’ interests whilst also respecting privacy laws.
“Consequently, whilst we have engaged and will continue to engage with our customers, we must advise the public not to rely on or believe sensational and unverified claims that are designed to titillate and mislead the public.
“We remain committed to serving our customers.”
-
Business1 week ago
Lagos state government to commence upgrade of major junctions in Ikeja axis, seeks residents’ cooperation
-
Politics1 week ago
DSS operatives arrest man with bags of cash during Ondo guber
-
Celebrities1 week ago
Daddy Freeze, Akah Nnani clash over Emmanuel Iren
-
Special Features3 days ago
Iyabo Ojo, Brainjotter, Dayo Oketola, Penzaarville, Tomiwa and others to speak at the Bodex Social Media Hangout 5.0
-
News1 week ago
Alice Loksha, abducted UNICEF nurse, escapes captivity after 6 years
-
News1 week ago
Nnamdi Emeh: Suspect Facing Charges In Court, Process Independent Of Police Influence
-
Health1 week ago
Five ways to rid your home of ants
-
Politics1 week ago
Aiyedatiwa takes commanding lead in Ondo guber poll after winning 15 of 18 LGAs