Business

FG urges Nigerians to consider bicycles for transportation

Published

1 year ago

July 28, 2023 8:29 am

BodexNG

As part of efforts to promote a cleaner environment and healthy lifestyle, the Federal Ministry of Transportation has encouraged Nigerians to consider bicycles as alternative means of commuting.

The Director, Road Transport and Mass Transit Administration, Musa Ibrahim, who stated this at the one-day stakeholders sensitisation meeting held in Abuja, said the idea is to enhance and heighten the importance of cycling in Nigeria as it will obviously lead to a drop in road crash incidences.

Ibrahim noted that the stakeholders sensitisation meeting is in consonance with the World Bicycle Day that is marked annually on June 3 through a United Nations General Assembly (UNGA) resolution.

According to the Director, the World Bicycle Day recognises “The uniqueness, longevity and versatility of the bicycle as a simple, affordable, reliable, clean and environmentally fit sustainable means of transport, fostering environmental stewardship and health” hence the United Nations 2023 World Bicycle Day theme: ‘Riding Together for a Sustainable Future’.

Speaking further, the Director noted that proponents have equally encouraged the use of bicycles as a means of eradicating poverty, furthering sustainable development, strengthening education, including physical education, for children and young people; promoting health, preventing disease, and facilitating social inclusion.

Furthermore, on the importance of cycling in Nigeria, a proponent for Non-Motorised Transportation, NMT, the Chief Executive Officer, Ochenuell Mobility, Emmanuel John, in his presentation titled ‘Power of Cycling’, argued that cycling initiative extends beyond efforts to address climate change through cut down of carbon footprints.

In addition, John brought to fore that the Organisation for Economic Co-operation and Development, OECD, countries in a study, among others, outlined that most Africans countries throw away 3% of their Gross Domestic Product, GDP, to traffic congestion annually.

He proposed that developing an NMT travel culture in the country through the adoption of Green Corridors is a panacea to some of the identified drawbacks.

He pointed out that most of the challenges encountered with increased usage of motorised transportation will be reduced to a large extent if the Federal Government supports and adopts National Stakeholders Forum on Bicycle Transportation.

Business

Nigeria’s GDP rate grew by 3.46% in Q3 2024, says NBS

Published

19 mins ago

November 25, 2024 1:29 pm

BodexNG

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

Published

3 hours ago

November 25, 2024 11:01 am

BodexNG

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

Published

5 hours ago

November 25, 2024 9:16 am

BodexNG

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.”

Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others