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30% of Truck Drivers Have Vision Problems – FRSC

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  • 30% of Truck Drivers Have Vision Problems – FRSC

About 30 per cent of drivers of articulated vehicles have vision problems and can hardly see well at night, the Corps Marshal, Federal Road Safety Corps, Boboye Oyeyemi, has said.

He said this was the outcome of a recent research conducted by the corps following frequent road accidents involving trailers/tankers leading to loss of lives.

Oyeyemi who also lamented that the FRSC had lost 74 of its officials as a result to reckless acts of some drivers in the last 18 months, spoke on ‘Safety as an imperative for road cargo transportation’ at the Haulage and Logistics Magazine Annual Conference and Exhibition in Lagos.

He said, “We conducted a vision test on the highway and motor parks and we observed that 30 per cent of the articulated vehicle drivers had vision problems and that is also contributing to the crashes.

“We discovered during the interview session that they think if they use glasses, they will lose their jobs. Employers should be training their drivers and encouraging them to use glasses to enhance their driving skills.”

He expressed worry about the high rate of accidents involving tankers/trailers, attributing about 85 per cent of the road crashed to human errors.

Oyeyemi said, “Crashes involving articulated vehicles are much more distressing because of the higher rate in fatality and over all negative multiplier economic effects, asides environmental pollution.”

Specifically, he said the crashes were usually due to non-adherence to road traffic safety practices; inadequate driver’s training/certification and retraining leading to drivers’ errors; inadequate provision of tanker/trailers parks across the country; non adherence to safe laden/haulage practices /standards; non-functional weighbridges to assist in enforcement of axle-load compliance, including overload with sundry goods; aging trucks and lack of fleet renewal programmes; alteration of original design value of truck heads and/or trailer and poor state of the nation’s roads.

He, however, said the corps was determined fully enforced standards before and during loading as well as on transit and off-loading of cargoes.

“Fleet Operators should ensure the mandatory Use of Inflammable signs and retro-reflective tapes on all trucks to enhance visibility. All trucks with flammable contents must comply with the Agreement for Dangerous Roads (ADR) standards and fix necessary signs on trucks for recognition,” the corps marshal said.

He also advised truck owners to consider investing in on-board cameras and satellite tracking to monitor the behaviour of their drivers.

The Deputy General Manager at ABC Transport Plc, Verere Regha, spoke on ‘Achieving a culture of safety in cargo operations on Nigerian roads: the ABC Transport experience’.

He dwelt on preventive, predictive and corrective forms of maintenance.

According to Regha, preventive maintenance is carried out on all trucks based on a defined service interval, some of which are 5,000km, 10,000km or 15,000km, adding that brakes and clutch systems checks are done at every workshop visit in view of the importance of the systems.

Predictive maintenance, he said, was carried out when any premature failure of a vehicle component within the fleet was perceived.

The Managing Director of A&A Global Leasing Services, Mrs Oluwaseye Yomi-Soleye, spoke on the effects of bad roads, which he described as a major challenge for haulers.

The convener of the conference, Alfred Okugbeni, commended the intermodal transportation initiative of the government, which he noted would ensure smooth transportation and drastically reduce road accidents.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Point of Sale Operators to Challenge CAC Directive in Court

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Point of Sale (PoS) operators in Nigeria are gearing up for a legal battle against the Corporate Affairs Commission (CAC) as they contest the legality of a directive mandating registration with the commission.

The move comes amidst a growing dispute over regulatory oversight and the interpretation of existing laws governing business operations in the country.

Led by the National President of the Association of Mobile Money and Bank Agents in Nigeria, Fasasi Sarafadeen, PoS operators have expressed staunch opposition to the CAC directive, arguing that it oversteps its jurisdiction and violates established legal provisions.

Sarafadeen, in a statement addressing the matter, emphasized that the directive from the CAC contradicts the Companies and Allied Matters Act (CAMA) of 2004, which explicitly states that the commission does not have jurisdiction over individuals operating as sole proprietors.

“The order to enforce CAC directive on individual PoS agents operating under their name is wrong and will be challenged,” Sarafadeen asserted, citing section 863(1) of CAMA, which delineates the commission’s scope of authority.

According to Sarafadeen, the PoS operators are prepared to take their case to court to seek legal redress, highlighting their commitment to upholding their rights and challenging what they perceive as regulatory overreach.

“We shall challenge it legally. The court will have to intervene in the interpretation of the quoted section of the CAMA if individuals operating as a sub-agent must register with CAC,” Sarafadeen stated, emphasizing the association’s determination to pursue a legal resolution.

The crux of the dispute lies in the distinction between individual and non-individual PoS agents. Sarafadeen clarified that while non-individual agents, operating under registered or unregistered business names, are subject to CAC registration requirements, individual agents conducting business under their names fall outside the commission’s purview.

“Individual agents operate under their names and are typically profiled with financial institutions under their names,” Sarafadeen explained.

“It is this second category of agents that the Corporate Affairs Commission can enforce the law on.”

Moreover, Sarafadeen highlighted the integral role of sub-agents within the PoS ecosystem, noting that they function as independent branches of registered companies and should not be subjected to the same regulatory scrutiny as non-individual agents.

“Sub-agents are not carrying out as an independent company but branches of a company,” Sarafadeen clarified, urging for a nuanced understanding of the operational dynamics within the fintech and agent banking industry.

In addition to challenging the CAC directive, Sarafadeen emphasized the need for regulatory bodies to prioritize addressing broader issues affecting businesses in Nigeria, such as the high failure rate of registered enterprises.

“The Corporate Affairs Commission should prioritize addressing the alarming failure rate of registered businesses in Nigeria, rather than targeting sub-agents,” Sarafadeen asserted, calling for a shift in regulatory focus towards fostering a conducive business environment.

As PoS operators prepare to navigate the complex legal terrain ahead, their decision to challenge the CAC directive underscores a broader struggle for regulatory clarity and accountability within Nigeria’s burgeoning fintech sector.

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NNPC E&P Ltd and NOSL Begin Oil Production at OML 13, Akwa Ibom State

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NNPC Exploration and Production Limited (NNPC E&P Ltd) and Natural Oilfield Services Limited (NOSL) have commenced oil production at Oil Mining Lease 13 (OML 13) located in Akwa Ibom State.

The announcement came through a statement signed by Olufemi Soneye, the spokesperson of NNPC E&P Ltd, highlighting the collaborative effort between the flagship upstream subsidiary of the Nigerian National Petroleum Corporation (NNPC) and NOSL, a subsidiary of Sterling Oil Exploration & Energy Production Company Limited.

The production, which officially began on May 6, 2024, saw an initial output of 6,000 barrels of oil. The partners aim to ramp up production to 40,000 barrels per day by May 27, 2024, reflecting their commitment to enhancing Nigeria’s crude oil production capacity.

Soneye said the first oil flow from OML 13 shows the dedication of NNPC E&P Ltd and NOSL to drive growth and development in Nigeria’s oil and gas sector.

He stated, “The achievement does not only signify the culmination of rigorous planning and execution by the teams involved but also represents a new era of economic empowerment and development opportunities for the host communities.”

For Nigeria, the commencement of oil production at OML 13 holds immense significance. It contributes to the country’s efforts to increase its oil production capacity, essential for meeting domestic energy needs and driving economic growth.

Moreover, Soneye reiterated NNPC E&P Ltd and NOSL’s commitment to operating in a safe, environmentally responsible, and community-beneficial manner.

This partnership underscores their dedication to sustainable practices and fostering positive impacts in the local communities where they operate.

The commencement of oil production at OML 13 marks a pivotal moment in Nigeria’s oil and gas industry, signifying not only increased production capacity but also the collaborative efforts between industry players to drive growth and development in the nation’s vital energy sector.

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Nigerian Artists’ Spotify Revenue Surges by 2,500% in Seven Years

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Nigerian musicians have experienced a shift in their fortunes on the global streaming platform Spotify with revenue surging by a 2,500% over the past seven years.

This meteoric rise shows the growing importance of digital platforms in propelling the country’s vibrant music industry onto the international stage.

According to Spotify’s annual report titled “Loud & Clear,” Nigerian artists collectively earned N25 billion from the platform in 2023 alone.

This figure represents a doubling of earnings compared to the previous year and a jaw-dropping increase of 2,500% since 2017.

The report further highlights the widening reach and impact of Nigerian music, revealing that more artists than ever before are now reaping rewards from their streaming activity.

In 2023, three times as many Nigerian artists earned over N10 million compared to 2018, reflecting the growing appetite for Nigerian music both at home and abroad.

Jocelyne Muhutu-Remy, Spotify’s managing director for Sub-Saharan Africa, hailed the growth in royalties earned by Nigerian artists on the platform as a testament to their talent, creativity, and global appeal.

She emphasized Spotify’s commitment to supporting African creators and pledged to continue investing in Nigerian artists to sustain this momentum.

Despite these gains, Nigerian artists’ earnings on Spotify still represent only a fraction of the platform’s total payout.

In 2023, Spotify paid out $9 billion in royalties globally with Nigerian artists accounting for a modest share of approximately $28.65 million.

A recent analysis revealed that South Africa remains the dominant force in Africa’s music streaming landscape, commanding a substantial portion of the region’s total music revenue.

However, Nigeria’s rapid ascent signals a shifting dynamic with the country’s music industry poised for even greater prominence on the global stage.

The International Federation of the Phonographic Industry (IFPI) corroborated this trend in its 2024 report, identifying the Sub-Saharan African market as the world’s fastest-growing music revenue market.

The report attributed this growth to the surge in paid streaming services, which contributed significantly to the region’s overall music revenue.

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