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Treepz Partners CMS T&M to Digitise Transportation for 1.2M Customers Annually

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L-r: CMS T&M PRO, Yusuf Issa Lanre, G.M/Secretary Adegbola Mukaila, Treepz C0-founder & VP Products & Ops Afolabi Oluseyi, CMS T&M Director Alh. Ayinla Jimoh, Treepz Co-founder & President, Johnny Enagwolor, CMS T&M Managing Director Andrew Akhigbe, Treepz CEO & Co-Founder, Onyeka Akumah, CMS T&M V.C Alh. Lasisi Gbolagade, Treepz Co-founder & VP Customer Engagement, John Shaibu, CMS T&M Director Akarume Samson & Accountant, Oshisanya Lateef
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Treepz’s mission to provide commuters with convenient and affordable means of transportation within cities and across Africa, is further accomplished with its newest partnership with CMS Taxi and Motor Nigeria Limited (CMS T&M) in Lagos.

This partnership will see the CMS T&M passengers have access to a more convenient payment option and predictable travel times. The technology provided by Treepz will allow the CMS T&M management to manage their operations efficiently and digitise their ticketing systems to provide transparency for the bus operator.

CMS T&M is a 53-year-old licensed shuttle bus company that operates in the Central Business District of Lagos including Marina, Lagos Island, Victoria Island, Ikoyi and Lekki areas of Lagos State, with high-capacity buses and minivans.

With over 1.2 million passengers annually, CMS T&M provides conducive vehicles that ease the daily commute of workers, students, and traders within the city.

“At Treepz, our goal is to improve the public transportation system in Africa using technology and we are constantly looking out for opportunities to partner with major bus operators and state governments to digitise the transportation sector.

“By combining the expertise and technologies of Treepz, with CMS T&M’s 53 years of experience in public transportation and fleet management in Nigeria, we are on the right path to achieving this goal.

“I am particularly excited about the opportunity for this foremost transportation company to use Treepz technology to move away from cash-based payments, paper-ticketing and the general issues that come with this old way of buying bus tickets.

“CMS T&M will now move into the digital era with different ways for their 1.2 million annual customers to purchase their travel tickets while providing transparency and an efficient way to manage their operations with our technology.

“This will greatly improve the experience of daily commuters in Lagos and kick-start the digitalization of transportation systems across Nigeria” said Mr Onyeka Akumah, CEO & Co-Founder Treepz Inc.

Also speaking on the partnership, the CMS T&M Managing Director, Andrew Akhigbe, had this to say, “We are excited about our recent partnership with Treepz and can’t wait to power our CMS bus park using world-class technology with benefits occurring to both partners and commuters. Being a business of over 53 years, one of our goals is to drive a transparent operation system and Treepz helps us meet this using technology.”

Treepz shares a common goal with bus partners like CMS T&M to provide the most efficient and affordable bus travel solutions in parks and across bus-stops in cities in Lagos.

As a company, Treepz has continued to grow its impact on transforming the transportation sector with its technology currently deployed across Africa.

With operations in Ghana, Uganda and Nigeria, Treepz has introduced the Transportation Operator System to provide Bus Parks and Bus Operators with the necessary technology to digitise their services while increasing their customer base and managing their revenue.

As many transportation stakeholders look at how they move away from paper ticketing, cash-based transactions and understanding their customer inventory, bus operators are turning to Treepz to build the technology that will allow them reach their goals.

Beyond CMS T&M, over 12 bus operators have also partnered with Treepz including GUO Transport, Libra Motors, EFEX Transport Service, ABC Transport, Anambra Executive and a list of other intercity transporters with a combined 1,500 vehicles in their fleet.

Beyond transportation companies, Treepz continues to provide bus hiring services to schools for their school bus solutions, bus hire services to corporations for their staff bus solutions and technology to state governments to power their state transport systems.


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SEC Urges State Governments to Explore Investment Opportunities in Capital Market

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As part of strategies to harness the potentials inherent within the various states for wealth creation, the Securities and Exchange Commission (SEC) is to embark on investor education for state governments across the country.

Dr. Emomotimi Agama, the Director General of SEC, disclosed this during a meeting with a team from the World Bank Group and the International Finance Corporation (IFC)  in Abuja.

He stated that the Commission would approach the state governments to help them understand the many opportunities in the capital market, and strive to enhance their understanding of financial markets, investment strategies, and regulatory frameworks.

According to him, “Imagine setting up factories that will produce goods that can be exported and earning foreign exchange. A lot of Nigerians would be employed and that would lead to wealth creation and economic development.

“That is why the Commission will continue to emphasize education, because if they do not know, there is little they can do until they know. Sometimes it is not because they don’t want to do it, it is just because they don’t know and it is our responsibility to give this vital knowledge for wealth creation.There are some states in the country that are so rich but nothing is happening there. All of their wealth is in the ground.”

He added that the strategic approach will commence soon with the Executive Council of a state in northern Nigeria, to speak to them about the opportunities in the capital market.

“We will create guides, reports, and policy briefs that explain capital market opportunities for state governments, we will translate complex financial concepts into simple, actionable insights and we will use case studies from Nigerian states that have successfully raised capital through bonds or attracted investments in the capital market.

“We believe strongly that if we go out and speak to these people, get them into understanding exactly the benefits and how it is important, get them to manage their own assets meaningfully well, and harness them for greater economic growth for the states, things will begin to change, it is our responsibility to change the narratives and we will keep at it,” he said.

Speaking earlier, Mr. Tom Ceusters, Director, Treasury Market Operation IFC, said the delegation of the World Bank Group and IFC were on a  two weeks mission to Nigeria to have deep conversations with regulators and organisations in the financial sector with a view to coming up with plans to help their endeavours.


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Meta to Begin Layoffs Across All Operations from Today

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Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, is set to implement company-wide layoffs starting Monday, February 10, 2025.

Meta to Begin Layoffs Across All Operations from Today

Notifications will begin at 5 a.m. local time in most countries, including the United States.

However, due to local regulations, employees in Germany, France, Italy, and the Netherlands will be exempt from these cuts.

Staff in over a dozen countries across Europe, Asia, and Africa will receive their notifications between February 11 and February 18.

The layoffs are expected to affect approximately 5% of Meta’s workforce.

They will target the company’s lowest performers in what is termed “performance terminations.”

This move is part of Meta’s broader strategy to streamline operations and focus on key areas of growth.

Concurrently, Meta is expediting the hiring of machine learning engineers and other essential engineering roles.

The hiring process is scheduled to take place between February 11 and March 13, aligning with Meta’s strategic priorities for 2025.

Unlike previous company-wide layoffs, Meta plans to keep its offices open on Monday and will not issue any additional updates regarding the decisions.

The company has declined to comment further on the internal memos detailing these plans


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NEMSA, NAICOM Sign Agreement to Boost Electrical Safety, Insurance

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The Nigerian Electricity Management Services Agency has signed a Memorandum of Understanding with the National Insurance Commission to enhance electrical safety compliance in residential, commercial, and industrial buildings, as well as ensure adherence to insurance policy requirements for these structures.

A statement issued by Ama Umoren, NEMSA’s Head of Communications and Protocol Unit, on Sunday in Abuja, stated that the MoU establishes a collaborative framework between NEMSA and NAICOM to ensure that as a pre-condition, all electrical installations in residential, commercial, industrial premises, hazardous locations, industries and factories are duly certified by NEMSA before the Insurance Policy is processed by all Insurance Companies.

It stated further that the partnership between NEMSA and NAICOM aligned with the Federal Government’s commitment to strengthening the reliability and safety of Nigeria’s electricity sector.

The NEMSA’s Managing Director/Chief Executive Officer, Engr. Aliyu Tukur Tahir, while speaking during the signing ceremony, emphasised the importance of this collaboration in mitigating risks associated with electrical accidents and infrastructure failures.

“This partnership with NAICOM is a significant step towards ensuring that all electricity consumers, operators, and investors adhere to the highest safety and risk management standards.

”By integrating insurance compliance into electrical safety enforcement, we are safeguarding lives, investments, and the overall integrity of the power sector,” he stated.

Tukur, who is also the Chief Electrical Inspector of the Federation, said going forward, ‘’It will also be a requirement by NEMSA that all Facility Applicants of its statutory inspection, testing and certification, should ensure that their Facilities are insured with Insurance Companies, for safety and mitigation of risk.”

On his part, the Commissioner for Insurance and Chief Executive Officer of NAICOM, Mr Olusegun Omosehin, reiterated NAICOM’s commitment to ensuring that all power sector players embrace insurance as a critical risk management tool.

“Insurance plays a crucial role in cushioning the effects of electrical hazards and infrastructure-related incidents. Through this MoU, we will work closely with NEMSA to enforce compliance with relevant insurance policies, ensuring that the power sector operates with adequate risk mitigation mechanisms in place,” he said.

The collaboration will involve joint awareness campaigns, regulatory enforcement, and information-sharing initiatives to promote electrical safety and insurance adoption across the power sector.

This strategic partnership marks a milestone in the drive to enhance safety, reliability, and sustainability within Nigeria’s electricity industry and the country at large.


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