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Flight Operations Begin at Abuja Airport’s New Terminal

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Nnamdi Azikiwe International Airport
  • Flight Operations Begin at Abuja Airport’s New Terminal

The newly inaugurated international terminal at the Nnamdi Azikiwe International Airport, Abuja, has officially been opened for operations as Asky Airlines began operations at the terminal on Sunday.

Asky Airlines’ B737-700 aircraft with flight number ET-AVP, which landed at the airport at 3:30 pm from Lome in Togo, had 91 persons on board comprising 85 passengers and six crew members according to the News Agency of Nigeria.

Commenting on the maiden flight, the Managing Director, Federal Airports Authority of Nigeria, Mr Saleh Dunoma, said the new terminal had been positioned to meet passengers’ expectations.

Dunoma said he expected other international airlines to move into the new terminal as soon as possible, saying it was a great departure from what was obtainable at the old terminal in terms of equipment and passenger facilitation.

According to him, other airlines have to key in because “you cannot compare this terminal and the old one because if you are looking for safety, passenger facilitation and comfort this is the place.”

The Regional General Manager, North Central, FAAN/Airport Manager, NAIA, Mr Sani Mahmud, said the maiden operation was hitch-free with the successful processing of 91 passengers on board Asky Airlines from Lome, Togo and the departing passengers to Ndjamena on the same flight.

Mahmud gave the assurance that all the facilities in the terminal had been tested and certified perfect to handle all international flights, adding that the commencement of operation by Asky was a confirmation.

According to him, WiFi is available and trolleys are also available for free in the terminal.

“We thank God for making it possible that today, we were able to commence flight operations in the new terminal of the NAIA that was inaugurated on December 20, 2018 by President Muhammadu Buhari.

“We sincerely appreciate all the stakeholders that made this possible and as you can see, all the agencies are on the ground for international operations.

“We want to assure Nigerians and the world that this terminal will be maintained beautifully because we have a very good strong team in this airport.

“This is the same team that certified this airport in 2017, won the best-improved airport in safety this year and also won the airport manager of the year back to back in 2017 and 2018,” he said.

A passenger, who is a Chadian and married to a Nigerian, Mr Patricia Monomon, said she was experiencing the best flight in Nigeria for the first time.

Monomon said the terminal could be described as one of the best anywhere in the world, saying it was a great achievement in the air transport sector.

She urged the government and the airport management to ensure that the facility was properly maintained to retain the standard, adding that the major problem in Africa was maintenance.

“The last time I travelled through this airport was like a nightmare but I can’t imagine the experience of today in this same airport because this time round, it is really fantastic.

“It paints a good image about the country because the airport is the first place you see in any country and it is the experience you get from the airport that will determine your view about the country.

“If you meet such facility at the airport on your arrival, you will feel relaxed,” she added.

Also Isidore Nwoko, a Nigerian technician based in Ndjamena, said he was delighted to see such an airport terminal in the country, saying he was angry that Nigeria could not afford to have a world-class airport before now.

According to him, he can be proud anywhere in the world that Nigeria now has a beautiful airport.

“As it is now, it is good and I am urging the government to ensure that this airport is maintained and kept it clean as it is today,” he said.

The Director/Chief Correspondent, China Radio International, Abuja Bureau, King Wang, said that Nigeria, being the most populous nation and number one economy in Africa, deserved nothing less than the new facility.

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

Economy

Inflation and Forex Mismanagement Drive Petrol Truck Prices from N7M to N25M

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Petrol Importation - investorsking.com

The Chairman of the Independent Petroleum Marketers Association of Nigeria in the Satellite Depot branch, Akin Akinrinade, has raised an alarm over the rising cost of petrol trucks in Nigeria.

According to Akinrinade, the cost of a petrol truck has surged from N7 million in May to an astonishing N25 million at present, attributed to inflation induced by poorly managed foreign exchange rates.

Akinrinade pointed out that the forex mismanagement has significantly impacted the landing cost of premium motor spirit (PMS), commonly known as petrol, consequently leading to a surge in pump prices.

The unstable business environment, coupled with the astronomical rise in expenses, has created challenges for marketers in the downstream oil sector.

Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), highlighted in October 2023 that foreign exchange challenges have hindered private companies from importing petroleum products.

As a result, the NNPCL has become the exclusive importer of petrol.

The decision to limit private entities from importing fuel comes after President Bola Tinubu’s initiatives aimed at deregulating the fuel market.

Initially, the plan was to allow private companies to import fuel starting June 2023, aligning with efforts to balance the market after removing petrol subsidies.

The ripple effects of the soaring petrol costs are already evident, with commercial transporters increasing fares, and private car owners seeking fuel-saving alternatives.

As Christmas approaches, the surge in demand for interstate travel is expected to further elevate costs, posing financial challenges for many Nigerians amidst stagnant income levels.

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Economy

Nigeria’s Presidential CNG Initiative Allocates N100bn for CNG Buses and EV Adoption

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powergas

The Presidential Compressed Natural Gas (CNG) Initiative has allocated N100 billion to expedite the deployment of CNG buses nationwide, according to a statement released on Wednesday.

The initiative, designed to catalyze an Auto-gas and Electric Vehicle (EV) revolution in mass transit and transportation, aims to enhance sustainability and cost-effectiveness.

The statement revealed that the fund would be instrumental in supporting the adoption of auto-gas and electric vehicles, signaling a commitment to a more sustainable and economical future in the transportation sector.

The Presidential CNG Initiative plans to leverage over 11,500 CNG and electric-fueled vehicles, along with the deployment of 55,000 conversion kits.

This strategic approach is intended to reduce transportation costs for Nigerians and mitigate the challenges posed by the rising cost of living.

Under the Renewed Hope Agenda, the Presidential CNG Initiative is dedicated to realizing the President’s vision, guided by its steering committee led by FIRS Chairman Zacch Adedeji.

The statement highlighted recent achievements, including strategic technical partnerships and the ongoing commissioning of CNG Conversion centers in key states such as Lagos, Abuja, Kaduna, Ogun, and Rivers.

Several more centers are slated for commissioning in the coming weeks, reflecting the initiative’s momentum and commitment to achieving its objectives.

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Economy

Nigeria’s Power Transformation: 53 Projects Worth N122bn on Track for May 2024 Completion

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power project

The Central Bank of Nigeria (CBN), in collaboration with the Transmission Company of Nigeria (TCN) and power distribution companies, is set to complete 53 power projects by May next year.

Valued at N122 billion, these projects aim to add over 1,000 megawatts to TCN’s wheeling capacity.

During a recent tour of three ongoing projects in Lagos, TCN’s Programme Coordinator, Mathew Ajibade, assured that the projects were not abandoned, refuting speculations.

He confirmed that work is progressing smoothly and is expected to be completed by May 2024, as initially planned.

Assistant Director/Head of Infrastructure Finance Office at the CBN, Tumba Tijani, highlighted the CBN’s support for the power sector, revealing that the bank released a loan at a 9% interest rate in August last year for the projects.

The funding, part of the Nigeria Electricity Market Stabilisation Facility-3, amounts to N122,289,344 and aims to address transmission/distribution bottlenecks, enhance supply to end-users, and unlock unutilized generation capacity.

Tijani disclosed that N85.43 billion has been disbursed into the Advance Payment Guarantee account of the 53 contractors responsible for executing the projects.

The comprehensive project list includes the delivery of power transformers, re-conductoring existing transmission lines, upgrading existing substations, and constructing 33KV line bays.

The initiative reflects a concerted effort to enhance Nigeria’s power infrastructure and meet growing energy demands.

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