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Lagos State aims for 52% clean energy BRT buses by 2050

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The Lagos State Government has set an ambitious target to significantly reduce carbon emissions and enhance sustainability in public transportation by aiming for 52% of the buses in the Bus Rapid Transit (BRT) system to be fuelled by clean energy by 2050.

This initiative is part of the recently unveiled Lagos State Transport Policy, which aims to ensure that the city’s transport system minimizes environmental impact.

According to Section 4.15: Environment, Climate Change, and Infrastructure Resilience, this plan, alongside efforts to reduce car trips to 2% of total trips of all travel and increase the use of biodiesel in freight vehicles by 2050, forms part of the broader Climate Action Plan to achieve a sustainable transport system in Lagos State.

The section of the policy further reveals that the Lagos State Government has already begun converting some BRT buses to run on gas fuel. This effort is expected to intensify, with new buses purchased by Lagos Bus Services Limited (LBSL) and private sector operators also expected to be gas-propelled.

“The Government has already commenced work on the conversion of some of the BRT buses to the use of gas fuel.

“This effort is expected to be intensified with new buses purchased by Lagos Bus Services Limited (LBSL) and the private sector operators expected to be gas propelled,” a portion of the policy read.

The Lagos State Government, in line with its vision to reduce carbon emissions and air pollution, plans to explore the potential of electrifying BRT buses, the policy also noted.

The Lagos State Transport Policy, particularly Table 5.1: Recommended Implementation Timeline for Key Actions, outlines a detailed plan to adopt cleaner fuels in the transport system.

Within the next two years, Lagos State will review the recommendations from the ongoing World Bank study on cleaner fuel strategies for Nigeria’s transport sector.

The state will establish its position on these recommendations, prepare a roadmap for implementation, and approve the necessary legislative and administrative frameworks.

Additionally, the Lagos State Government will monitor the lessons learned from converting some BRT diesel buses to gas operation. It will identify and implement priority public transport routes for cleaner buses and begin procuring and operating new cleaner vehicles for public transport, including BRT and other modes.

For the period between the next two to five years, the Lagos State Transport Policy indicates that the state will start implementing the agreed plans and strategies for using cleaner vehicles in public transport operations.

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Tinubu proposes two or three years interval to adjust minimum wages for Nigerian workers

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President Bola Tinubu recently proposed the idea of adjusting wages at shorter intervals of two or three years, instead of every five years.

He said this while expressing his concern for the welfare of Nigerian workers, whilst calling for realistic expectations regarding the minimum wage.

This was shared at a meeting with Members of organized labour on the new minimum wage at the State House, which had in attendance, the Secretary to the Government of the Federation, some ministers, heads of agencies, and aides to the president.

The meeting followed the president’s decision to engage more with stakeholders before making a definite decision on the matter.

According to President Tinubu,

“I pay attention to everything around me. A happy worker is a productive worker, and society depends on the productivity of the happy worker. You have to cut your clothes according to the available clothes.

“Before we can finalize the minimum wage process, we have to look at the structure. Why must we adjust wages every 5 years? Why not two? Why not three years? What is a problem today can be eased up tomorrow. We can take a surgical approach that is based on pragmatism and a deep understanding of all factors”.

The various stakeholders engaged in the discussion addressing the minimum wage affecting Nigeria’s economic challenges had this to say:

The President of the Trade Union Congress, Festus Osifo, said,

“As has been said in the meeting, we try to put issues on the table, issues that are biting Nigerians, the economic difficulties, and how the value of the Naira has also eroded.

“How this has affected the prices of commodities and goods in the market”.

The Nigeria Labour Congress Leader, Joe Ajaero, explained that in real terms, it was not a negotiation but a discussion which had reached an agreement. He noted that the status quo in terms of the amounts, N250,000 and N62,000, would remain until the conversation was finished.

The Minister of State for Labour and Productivity, Nkeiruka Onyejeocha emphasized the positive outcome of the meeting saying, “When father and children talk, you know what it is. That’s just exactly what has happened, and it took us almost like an hour. I believe that it’s all for good”.

The Minister of Information and National Orientation, Mohammed Idris in a similar vein, indicated that the president was keeping to his promise to consult.

He emphasized, “He doesn’t just want to take any decision. It’s a decision that affects all of us, so he is consulting with the sub-nationals. Consultation with the organized private sector is ongoing. You have also seen that this consultation with organized labour has also happened today. They’ve asked for a week. Like I said earlier, we’re going to meet with them again. Hopefully, we’ll have something that all of us will agree on.

Albeit, Nigerians will be looking forward to next week when these engagements will be concluded, and a decision taken.

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Naira falls to N1,561/$ in official market — lowest in three months

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Naira appreciates to N1,419/$ at official market

The Nigerian naira fell to N1,561 against the dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Wednesday.

The rate represents a loss of 1.88 percent from the figure (N1,532) recorded on July 9.

According to data from FMDQ Securities Exchange, a platform that oversees foreign exchange (FX) trading in Nigeria, the local currency hit an intra-day trading high of N1,585 and a low of N1,475.

The current FX figure represents the lowest since March 18 when the naira exchanged at N1,572 to the greenback.

At the parallel section of the market, the local currency traded at N1,550 on Wednesday — depreciating by 0.65 percent from N1,540 on July 9.

Currency traders, known as bureau de change (BDC) operators, quoted the buying rate at N1,530 and the selling price at N1,550 — leaving a profit margin of N20.

TWO-DAY DEPRECIATION

The local currency has witnessed marginal fluctuations in both the parallel and official markets within the last two days.

At the official market, the local currency depreciated to N1,523 on July 8 — from N1,509/$ on July 5 — and further tumbled to N1,532 on July 9.

It recorded a marginal appreciation to N1,523 per dollar on July 8 at the parallel market — from N1,525 on July 5.

However, the rally was quickly reversed on July 9, with the currency sliding to N1,540.

The two-day depreciation of the naira comes amid a recorded a rise in the external reserves of Nigeria.

The external reserves of one of Africa’s largest economies increased to $35.05 billion on July 8 — the highest since May 30, 2023.

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Iwalewa Davies Launches New Entertainment Venture “Iwalewa Unlimited” with “Cocktail of Fun”

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Iwalewa Davies, a distinguished serial entrepreneur and mass communicator, is thrilled to announce the launch of her new entertainment platform, “Iwalewa Unlimited.”

This exciting venture will host a monthly event series called “Cocktail of Fun,” designed to bring together people who are passionate about fun, music, and socialising.

In a message, Yeye Davies expressed her enthusiasm for the new project, stating, “After a series of deliberations, I have concluded that a gathering of happy people seeking unlimited fun will not be a bad idea. ‘Cocktail of Fun’ is my new baby, and I am also using this moment to inform you about the birth of ‘Iwalewa Unlimited.'”

The debut event of “Cocktail of Fun” is set to take place on Wednesday, 31st July, at the exclusive Bite Billionaires Lounge on Adeniyi Jones, Ikeja.

This launch event promises an evening filled with entertainment and networking opportunities as attendees “meet, merry, and connect.”

As part of the celebration, Iwalewa Davies has carefully selected three of Nigeria’s fastest rising musicians—Precious Adedoyin, Ola Liberty, and Tunde Stainless—to perform live.

“What is Iwalewa Unlimited without a live band?” she remarked. “Trust me, the night is going to be fun-filled.”

Future events hosted by Iwalewa Unlimited will continue to feature a diverse array of talented artists, ensuring that each gathering offers a unique and memorable experience.

The event is supported by Otunba Femi Davies, City People Entertainment, MetroNews Media Hub, Freelanews, John Friday Entertainment, Tobi Dash, Dejaai and a host of others.

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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

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