Business & Economy
Gov.Sanwo-Olu slashes transport fare on Red Line by 30 per cent

By Our Reporter
Lagosians will have course to smile following the declaration by Lagos State Governor, Mr. Babajide Sanwo-Olu on Tuesday that Lagosians will now enjoy a 30 per cent reduction on the Red Line transportation fare.
The governor who disclosed this at the official commissioning of the Abule Egba Bus Terminal, said the fare was reduced because the state government wanted the Red Line transportation system to be accessible and affordable.
In his address at the Abule Egba Bus Terminal commissioning Sanwo-olu said, “About six years ago, we pledged to the people of Lagos State to upgrade our public transportation system with modern, sustainable infrastructure to enable them meet up their daily aspirations. Today, we are here in Agege to handover to the people another public infrastructure that will aid their seamless commuting from here to other parts of Lagos and perhaps to other parts of our country, Nigeria.
“This infrastructure reflects our commitment to continuously enhance public transportation systems, strengthening connectivity, and improving the overall experience for commuters. We are dedicated to taking ongoing steps to advance and modernize transportation across the State. In addition to the Blue and Red Rail Lines in operation, we have initiated moves to kick start the 68-kilometre Green Line from Marina to Lekki Free Zone and the 60-kilometre Purple Line from the Redemption Camp in Ogun State to Volkswagen area on the Lagos Badagry Expressway to connect with the Blue Line.
“You will recall that before the close of 2024, I signed a historic Memorandum of Understanding with the Ministry of Finance Incorporated (MOFI) and China Harbour Engineering Company (CHEC) to bring the Green Line to life. The Green Line will link Marina to key areas like Victoria Island, Lekki, Ajah, and other communities along the Lekki-Epe corridor and it is projected to move more than one million passengers daily when demand for its service peaks. The rail line is envisioned to redefine the public transport system in Lagos. “
Sanwo-Olu also noted that the rail systems are currently contributing to the mobility of Lagosians, adding that the state government will further enhance bus services
He said they are anticipating the arrival of new CNG (Compressed Natural Gas) buses and electric buses by the third quarter of 2025, saying the additions will expand the current fleet, increase availability of buses and reduce waiting time at bus stops for commuters.
Sanwo-olu noted that the infrastructure was made possible through the tax payer’s contributions in Lagos State urging Lagosians to safeguard these assets.
In her welcome address, the Managing Director of LAMATA, Mrs. Abimbola Akinajo said the vision of the State government is for a public transport system where all modes are integrated to allow easy commuting of Lagosians.
She noted that for over 20 years, the Lagos Metropolitan Area Transport Authority (LAMATA) has focused entirely on making the government’s vision reality.
“A good transport system has as its backbone sustainable infrastructure that will make seamless connectivity possible. This explains why this administration prioritizes Traffic Management and Transport as the first pillar of its T.H.E.M.E.S plus agenda.
“The Lagos State Government has been and is still investing in the provision of infrastructure for public transportation, including rail, bus services, and water. To properly coordinate bus operations in communities, bus terminals are provided. Bus terminals are important because they provide a central location for passengers to board and exit buses and connect to other forms of transportation, “ she said.
Akinajo further stated that till date, the Lagos State government has provided bus terminals in Ikeja, Oshodi Transit Interchange, Ajah, Oyingbo, Yaba, Ojota, Ifako Ijaiye and now at Abule Egba. Iyana Ipaja Bus terminal is currently under construction.
She noted that, like other terminals before , the Abule Egba terminal has loading bays, a terminal building with a customer service area, a waiting area, spaces for restaurants and other commercial services, offices for ground staff, public conveniences, a water treatment plant and provision for green energy among others.
Business & Economy
Hajj: CSO urges enlightenment for Nigerian pilgrims on currency denominations

By Abdul-Ganiyy Akanbi,Abuja
A faith-based registered Civil Society Organization, CSO, that reports and advocates for workable Hajj policies, the Independent Hajj Reporters, IHR, has called on the States’ Muslim Pilgrims Welfare Boards, SMPWBs to conduct a special enlightenment programme to intending pilgrims on Saudi Arabian currency denominations.
The group, in a statement signed and released on Friday by its national coordinator Ibrahim Muhammad, said: “Now that the Central Bank of Nigeria, CBN has approved the payment of 2025 Hajj BTA via cash payment in US dollars, we call on States Muslim Pilgrims Welfare Boards, agencies and Commission to organize a special enlightenment program to educate Nigerian pilgrims on currency denominations especially on the exchange rates between US dollars and Saudi Riyals.”
It added: “Most of the Nigerian pilgrims are not conversant with foreign currencies especially US dollars and Saudi Riyals, and can hardly identify the value of each denomination unless they are guided during hajj, where hundreds of thousands of pilgrims engage in financial transactions.
“Given the above, Nigerian pilgrims should also be shown the Saudi Riyals currency denomination so that they can be able to identify such whenever they need to change US dollars to Saudi Riyals or make a purchase using either of the two currency denominations.
“This call is important due to past experiences where some dubious Saudi-based individuals shortchanged our dear pilgrims whenever they make purchases or try to convert their BTA to US dollars.”
IHR warned that Nigerian female pilgrims who patronize unregulated dental services to change their teeth as soon as they arrive in Madinah are more vulnerable to being shortchanged.
The group also pleaded with airlines to use the onboard educational system to educate pilgrims on the same subject as a way of corporate social responsibility to help mitigate the risks of financial losses on the part of intending pilgrims.
“Understanding denomination in today’s currency circulation is crucial as it serves as the foundation of all monetary transactions worldwide. It will enable pilgrims to comprehend the value of their BTA.
“According to the Central Bank of Saudi Arabia, SAMA, the most-exchanged foreign currencies during Hajj are the US dollar, the euro, the Singapore dollar, the Indian rupee, the Indonesian rupiah, the Emirati dirham and the Malaysian ringgi,” IHR stated.
Business & Economy
BOSG. trains 150 Almajirai in vocational skills


Recipients at the Almajirai Vocational center in Borno state
Business & Economy
$530million Agro project: North East Caucus in NASS kicks against exclusion of zone …calls for immediate inclusion

By George Mgbeleke
The North East Caucus in the National Assembly on Thursday in Abuja , kicked against exclusion of the zone from the $530million Special Agro – Industrial Processing Zones ( SAPZ), being implemented by the Federal Government of Nigeria .
The Caucus which comprises the entire Senators and Honourable members of the House of Representatives from the Six States in the zone , declared that it was unacceptable to them that none of the states , is included and accordingly requested for inclusion by President Bola Tinubu .
Rising from an emergency meeting at the Senate wing of the National Assembly which lasted for about two hours , the caucus through its Chairman , Senator Muhammad Danjuma Goje , lamented that despite the North East been the first in Livestock and Agriculture generally in the country , none of its six states , is picked among the eight states in the country where the special project is being implemented .
Goje at the press briefing said : ” The emergency meeting held today by all the federal lawmakers from the North East geo – political Zone comprising Adamawa , Bauchi, Borno , Gombe, Taraba and Yobe States was convened sequel to the exclusion of our zone from the all-important programme of the Federal Government, the Special Agro-Industrial Processing Zones (SAPZ), despite the enormous potential of our zone in all spheres of agriculture and livestock of the Federal Republic of Nigeria.
“In view of the seriousness of this matter, the members of our caucus, even though the parliament is on recess, cut short their holidays to attend this meeting and express our reservations about our region’s exclusion from the programme.
“For a start, $530 million is to be provided by the Federal Government, the African Development Bank (AfDB), the Islamic Development Bank (IsDB), and the International Fund for Agricultural Development (IFAD) for the SAPZ programme.
On Tuesday, April 8, 2025, His Excellency, the Vice President, Kashim Shettima, GCON, in Kaduna State, flagged off the construction of Phase 1 of the SAPZ as part of the present administration’s plan to industrialise Nigeria’s agricultural sector and create sustainable jobs.
Seven states and the Federal Capital Territory (FCT) have been selected for the programme. The North West and South West have two processing zones each – Kaduna, Kano, Ogun, and Oyo states. The South South, South East and North Central have one processing zone each.
“Despite its enormous agricultural potential, the North East is conspicuously missing from the list of states allocated the processing zones.
” SAPZs aim to transform Nigeria’s agriculture landscape through innovation, private-sector investments, and strategic public partnerships.
The zones are designed to create agro-industrial hubs that integrate farmers with processors, reduce post-harvest losses and expand rural economic opportunities.
“Geographically, the North East is the largest geopolitical zone in the nation, covering nearly one-third of Nigeria’s total area of 272,451 km2 (105,194sq mi). Our potential in all aspects of the agricultural sector cannot be overemphasised.
“At the end of the meeting, we resolved as follows: (i) Lament the exclusion of the North East Geopolitical Zone from the processing zones despite its enormous agricultural potential cutting across all sector value chains.
(ii) Appeal for the immediate inclusion of the North East Geo-political Zone in the Special Agro-Industrial Processing Zones (SAPZ). This is not only for fairness and inclusivity but for the actualisation of the lofty ideals of the present administration to industrialise Nigeria’s agricultural sector and create sustainable jobs in the country.
(iii)Commend the President and Commander-In-Chief of the Armed Forces of the Federal Republic of Nigeria, His Excellency Bola Ahmed Tinubu, GCFR, for making this programme a reality.
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