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NTC to Regulate Transport Modes

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 Ms Bolanle Onagoruwa, acting director-general of the Bureau of Public Enterprises (BPE) has explained that the proposed National Transport Commission (NTC), is envisaged to be the economic regulator for the transport modes of roads, rail, air and marine.
According to her, the NTC Bill provides that the NTC will monitor and approve tariffs set by public and private transport service operators and operators of prescribed goods and services. It will also examine and resolve complaints, objections and disputes between Government agencies in the regulated transport industry on the one hand and concessionaires, licensed operators, users, shippers and consumers or any other person involved in the regulated transport industry on the other hand, using such dispute-resolution methods as the Commission may determine from time to time including mediation and arbitration.
Onagoruwa noted that while each of the agencies in the different modes, that is, the Nigerian Ports Authority (NPA), Nigerian Inland Waterways (NIWA), Nigerian Railway Corporation (NRC) and others will continue to perform technical regulatory functions as landlords, the NTC will have oversight functions over their technical regulation.
The BPE boss added that the privatization agency has completed work on the Railway Bill, the Road Sector Reform Bill, the Inland Waterways Bill, and the Ports and Harbour Bill.
She recalled that the NTC Bill is a direct product of the Transport Sector Reform Implementation Committee (TSRC) of the National Council on Privatisation (NCP) which was inaugurated in September 2000 under the chairmanship of the Transport Minister with membership drawn from key stakeholders and representatives of all the agencies in the transport sector.
The Bill “has derived strength from reports of many seasoned consultants and given validity and richness through the intensive stakeholders’ interfaces”, she said.
According to her, when established, the NTC will perform roles similar to those of the Nigerian Communications Commission (NCC) for the telecoms sector and the Nigerian Electricity Regulatory Commission (NERC) for the electric power sector.
The NTC Bill will establish the National Transport Commission as a corporate entity and an independent sector transport industry regulator. Among the functions of the commission will be to, create an economic regulatory framework for the provision of transport services and facilities which promote and safeguard competition; facilitate effective competition, promote competitive market conduct and ensure that the misuse of monopoly or non-transitory market power is prevented. It will also promote the financial viability of the regulated transport industry and related services,  and facilitate incentive for efficient long-term investment in Nigeria  for the provision of transport services and facilities.
The NTC shall be vested with powers to develop and monitor performance standards and indices relating to the quality of transport services and facilities provided to users, shippers and consumers in Nigeria having regard to best international performance indicators. It will also have the power to approve the presence of and monitor the activities of any Government agency so permitted to operate at ports, airports, rail and road stations and terminals.
It will enforce economic and technical regulatory provisions of all relevant legislation on the regulated transport industry including but not limited to legislation on ports, inland waterways, aviation, road and rail transport; and introduce guidelines, standards and regulations in respect of safety issues to be complied with by all Transport Operators.
The Federal Executive Council, mindful of the central and overriding role of the NTC in the whole reform process, is presently finalising the NTC Bill alongside other Reform Bills for transmission to the National Assembly for passage into law.

 

 

 


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Telecom

Airtel Boosts NIPR Public Relations Week with Onsite Unlimited Data Connection

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Telecommunications service provider, Airtel Nigeria has collaborated with the Nigeria Institute of Public Relations (NIPR) to provide with unlimited internet access at the institute’s inaugural edition of the Nigeria Public Relations Week.

The trailblazing event themed ‘Leveraging Public Relations as a Critical Asset for Nigeria’s Economic and Reputation Renaissance’ is set to run from Monday, April 22nd to Friday, April 26th, 2024, and will welcome thousands of delegates across Nigeria to the prestigious June 12 Cultural Centre, nestled in the heart of Abeokuta, the Ogun State capital.

Speaking on the strategic collaboration, Femi Adeniran, Director, Corporate Communications and CSR, Airtel Nigeria, expressed enthusiasm about the partnership, stating, “Airtel is proud to support the Nigeria Institute of Public Relations in its endeavor to advance the field of public relations.

“The relevance of public relations practice in Nigeria cannot be overstated, as it plays a vital role in shaping perceptions, managing reputations, and influencing public opinion. Hence, our support is a demonstration of our commitment to empowering individuals and organizations with innovative solutions that drive progress and create an enabling society.”

According to NIPR, through the PRWeek Organizing \Committee Chairman, Mr Yomi Badejo Okusanya, the NPRW will gather over 2,000 experts in the fields of economics, PR, and nation-building to discuss strategies for effectively communicating government policies and initiatives to the public.

Other activities at the NPRW will include conferences, the annual general meeting, workshops, induction of new members, breakout sessions with students as well as traditional rulers and a tour of some legacy projects in Ogun state.

With Airtel’s provision of onsite unlimited data connection, attendees and participants can enjoy unparalleled access to online resources, real-time updates, and interactive engagements throughout the duration of the event. This will significantly support the exchange of ideas, foster networking opportunities, and elevate the overall experience for all stakeholders involved.

Airtel Nigeria remains committed to offering unwavering support for initiatives aimed at driving innovation, collaboration, and nation-building.


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NCC Seeks Media Collaboration on Copyright Infringement

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The Nigerian Copyright Commission (NCC) has called for effective collaboration with the media in the country towards tackling the menace of copyright infringements.

The Director-General of the commission, Dr. John Asein, who made the call at a media parley in Ibadan, said while the commission has the power to arrest and prosecute people involved in copyright infringements, it still needs the support of journalists to achieve its aims, maintaining that copyright infringements have negative impact on authors and the society as a whole.

He said: “We need your support to stamp out copyright infringements. This means we all have responsibility.

“We have the power to search, arrest and prosecute. But, we rely on police, NSCDC and other security agencies so as to get it done. We have a good working relationship with the security agencies. The problem of enforcement is real.”

The Executive Secretary, Nigerian Publishers Association (NPA), Mr. Emmanuel Abimbola, in his contributions, urged governors of Southwest states to reduce fees charged on book review for publishers, stating that this will reduce cost of books in the markets which has become a burden to most parents in the country.

He insisted that fees charged on book review by government agencies particularly in the region is becoming exorbitant.

According to him, an official of one of the states once said that the exorbitant fee charged was a means of generating revenue which should not be so because education must be seen as a social service.

He said: “We don’t really have much problem with the government of other region because some of them only charge flat rate for the book review which we publishers are ready to cope with.

“However, we are calling on the government of states in the Southwest to stop the exorbitant fee, it is becoming too much, a situation whereby we are asked to pay N10,000 or N12,000 per book title, by the time you calculated it, it will be going to N2 to N3 million.


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Shareholders Approve $1.5bn Capital Raising for Access Holdings

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The shareholders of Access Holdings Plc have unanimously approved the company’s proposed capital raising of $1.5 billion through a bond or share sale and a further N365 billion via a Rights Issue to fund its ambitious growth plans.

The shareholders also ratified the appointments of Aigboje Aig-Imoukhuede, Olusegun Ogbonnewo, and Ojinika Olaghere as Non-Executive Directors.

The appointment of Aig-Imoukhuede as the Chairman of Access Holdings was praised by the shareholders, who pointed to his rich history of success with the institution, having transformed it into Nigeria’s biggest lender by market value alongside late Herbert Wigwe.

The shareholders stated that Aigboje’s leadership was instrumental in driving the institution’s growth during the 2004 recapitalisation of the banking industry led by the Central Bank of Nigeria (CBN) under the leadership of its former Governor, Prof. Charles Soludo.

“We are thrilled with Aigboje Aig-Imoukhuede’s return to the role of Chairman. His proven track record, experience, and strategic insights position him as the ideal leader to steer Access Holdings towards meeting its lofty targets.

During his tenure as CEO, particularly during the recapitalisation directive by the CBN, he steered Access Bank to raise an impressive $2 billion in capital, and this demonstrates his capacity to, once again, lead Access Holdings towards successfully achieving the objectives of our planned capital raise and Rights Issue targets,” said Chief Sunny Nwosu, Chairman Emeritus of the Independent Shareholders Association of Nigeria (ISAN).

In line with the Group’s strong financial performance, the payment of a final dividend of N1.80 kobo per every N0.50 kobo ordinary share for the 2023 financial year was approved, marking a 28 per cent improvement from the corresponding period in 2022.

 


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