• About Us
  • Terms & Conditions
  • Contact Us
Sunday, April 18, 2021
Investogist
No Result
View All Result
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    Agric Commodities Trade among African Nations Gets a Boost by FAO, AU Partnership

    Agric Commodities Trade among African Nations Gets a Boost by FAO, AU Partnership

    Nigeria’s Inflation rate hits16.47%, the highest since May 2017

    Just in: Nigeria’s Inflation rate hits 18.17%, the highest in over four years

    Time Magazine to hold Bitcoin on its balance sheet

    Time Magazine to hold Bitcoin on its balance sheet

    Microsoft Acquires Nuance for $19.7 billion

    Microsoft Acquires Nuance for $19.7 billion

    Bitcoin hits $63K making new all-time high

    Bitcoin hits $63K making new all-time high

    US calls for pause of Johnson & Johnson Covid-19 vaccine after blood clot cases

    US calls for pause of Johnson & Johnson Covid-19 vaccine after blood clot cases

    Microsoft in talks to acquire voice company Nuance for $56 per share

    Microsoft in talks to acquire voice company Nuance for $56 per share

    NITT Set to Unveil Electric Vehicles

    NITT Set to Unveil Electric Vehicles

    China slams Alibaba record $2.8 bn fine in anti-monoploy probe

    China slams Alibaba record $2.8 bn fine in anti-monoploy probe

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Agric Commodities Trade among African Nations Gets a Boost by FAO, AU Partnership

    Agric Commodities Trade among African Nations Gets a Boost by FAO, AU Partnership

    Nigeria’s Inflation rate hits16.47%, the highest since May 2017

    Just in: Nigeria’s Inflation rate hits 18.17%, the highest in over four years

    Nigeria’s top five export and import partners

    Nigeria’s top five export and import partners

    FG approves 39 licences for fish importation

    Nigeria’s All-Commodity Group Index import rises as export declines

    3 Innovative Products for MSMEs by Devt Bank of Nigeria

    3 Innovative Products for MSMEs by Devt Bank of Nigeria

    NNPC Seals Contract with Tecnimont SpA to Rehabilitate Port Harcourt Refinery

    NNPC Seals Contract with Tecnimont SpA to Rehabilitate Port Harcourt Refinery

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Details of States and FCT domestic and external debt stock

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Exporters to Get N5bn Palliative through the EDF

    Exporters to Get N5bn Palliative through the EDF

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    SEC Engages CBN on Market Regulation for Cryptocurrencies

    SEC Engages CBN on Market Regulation for Cryptocurrencies

    Coinbase retreats after surging over 70% on NASDAQ debut

    Coinbase retreats after surging over 70% on NASDAQ debut

    DMO offers 16.3% rate FGN bond

    DMO offers 16.3% rate FGN bond for Subscription in April 2021

    Current Cryptocurrencies are destined to fail long term – Bank of England Governor

    Cryptocurrencies surge to new highs as Coinbase lists on NASDAQ

    Hybreed weekly Forex Forecast for the week ending 29th March to 2nd April 2021

    Hybreed market forecast for week ending 12th to 16th April 2021

    Binance launches stock tokens trade, starting with Tesla

    Binance launches stock tokens trade, starting with Tesla

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    Custodian Investment Plc slumps over 9% after price adjustment

    11 Plc (MOBIL) gives reason and timeline for delisting from NSE

    Market Spotlight: Suspension of trading in the shares of 11 Plc (MOBIL)

    Bitcoin fell below $32,000 on ‘double-spend’ report and possible ‘curtail’ by U.S lawmakers

    8 expert predictions ahead of Coinbase’s anticipated IPO this week

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    FY 2020: Unilever Nigeria Plc remains in loss despite revenue growth

    Q1 2021: Unilever Nigeria Plc rising cost wipes out 45.7% rise in revenue

    Agric Commodities Trade among African Nations Gets a Boost by FAO, AU Partnership

    Agric Commodities Trade among African Nations Gets a Boost by FAO, AU Partnership

    Nigerian Stock Exchange’s new look (NGX Group): Brand Identity and Website

    Nigerian Stock Exchange’s new look (NGX Group): Brand Identity and Website

    Rothschild Investment Corp acquires 250,000 and 8,000 shares in Grayscale’s ETH and Bitcoin Trusts

    Rothschild Investment Corp acquires 250,000 and 8,000 shares in Grayscale’s ETH and Bitcoin Trusts

    Here is when Seplat will release 2020 full year audited financial results

    Seplat issues notice of 8th AGM, change of company name among agenda

    NITT Set to Unveil Electric Vehicles

    NITT Set to Unveil Electric Vehicles

    400,000 Hectares of Land to Be Allocated to Agri Investors by Jigawa State Government

    400,000 Hectares of Land to Be Allocated to Agri Investors by Jigawa State Government

    Shareholder’s resolutions at Guaranty Trust Bank’s Annual General Meeting

    Shareholder’s resolutions at Guaranty Trust Bank’s Annual General Meeting

    NEXIM Inaugurates N10b Women & Youth Export Enhancement Facility

    NEXIM Inaugurates N10b Women & Youth Export Enhancement Facility

    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    Hybreed weekly Forex Forecast for the week ending 29th March to 2nd April 2021

    Hybreed market forecast for week ending 12th to 16th April 2021

    Hybreed weekly Forex Forecast for the week ending 29th March to 2nd April 2021

    Weekly forex forecast for week ending 5th to 9th April 2021

    Ethereum breaks above all time high in a bullish channel.

    Ethereum breaks above all time high in a bullish channel.

    Ripple confirms wedge break out targets 0.635 and 0.767

    Ripple confirms wedge break out targets 0.635 and 0.767

    Hybreed weekly Forex Forecast for the week ending 29th March to 2nd April 2021

    GBPCHE Break out, targets 1.31520

    RIPPLE(XRP) BREAK OUT COULD BE IN THE WORKS

    RIPPLE(XRP) BREAK OUT COULD BE IN THE WORKS

    Hybreed weekly Forex Forecast for the week ending 29th March to 2nd April 2021

    Hybreed weekly Forex Forecast for the week ending 29th March to 2nd April 2021

    Advocating for Nigerian Media Monitoring and Measurement Association (NiMMA)

    Advocating for Nigerian Media Monitoring and Measurement Association (NiMMA)

    Nigeria’s Inflation rate hits16.47%, the highest since May 2017

    US Consumer Price Index moderately stokes up by 0.4% in February 2021

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    Agric Commodities Trade among African Nations Gets a Boost by FAO, AU Partnership

    Agric Commodities Trade among African Nations Gets a Boost by FAO, AU Partnership

    Nigeria’s Inflation rate hits16.47%, the highest since May 2017

    Just in: Nigeria’s Inflation rate hits 18.17%, the highest in over four years

    Time Magazine to hold Bitcoin on its balance sheet

    Time Magazine to hold Bitcoin on its balance sheet

    Microsoft Acquires Nuance for $19.7 billion

    Microsoft Acquires Nuance for $19.7 billion

    Bitcoin hits $63K making new all-time high

    Bitcoin hits $63K making new all-time high

    US calls for pause of Johnson & Johnson Covid-19 vaccine after blood clot cases

    US calls for pause of Johnson & Johnson Covid-19 vaccine after blood clot cases

    Microsoft in talks to acquire voice company Nuance for $56 per share

    Microsoft in talks to acquire voice company Nuance for $56 per share

    NITT Set to Unveil Electric Vehicles

    NITT Set to Unveil Electric Vehicles

    China slams Alibaba record $2.8 bn fine in anti-monoploy probe

    China slams Alibaba record $2.8 bn fine in anti-monoploy probe

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Agric Commodities Trade among African Nations Gets a Boost by FAO, AU Partnership

    Agric Commodities Trade among African Nations Gets a Boost by FAO, AU Partnership

    Nigeria’s Inflation rate hits16.47%, the highest since May 2017

    Just in: Nigeria’s Inflation rate hits 18.17%, the highest in over four years

    Nigeria’s top five export and import partners

    Nigeria’s top five export and import partners

    FG approves 39 licences for fish importation

    Nigeria’s All-Commodity Group Index import rises as export declines

    3 Innovative Products for MSMEs by Devt Bank of Nigeria

    3 Innovative Products for MSMEs by Devt Bank of Nigeria

    NNPC Seals Contract with Tecnimont SpA to Rehabilitate Port Harcourt Refinery

    NNPC Seals Contract with Tecnimont SpA to Rehabilitate Port Harcourt Refinery

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Details of States and FCT domestic and external debt stock

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Exporters to Get N5bn Palliative through the EDF

    Exporters to Get N5bn Palliative through the EDF

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    SEC Engages CBN on Market Regulation for Cryptocurrencies

    SEC Engages CBN on Market Regulation for Cryptocurrencies

    Coinbase retreats after surging over 70% on NASDAQ debut

    Coinbase retreats after surging over 70% on NASDAQ debut

    DMO offers 16.3% rate FGN bond

    DMO offers 16.3% rate FGN bond for Subscription in April 2021

    Current Cryptocurrencies are destined to fail long term – Bank of England Governor

    Cryptocurrencies surge to new highs as Coinbase lists on NASDAQ

    Hybreed weekly Forex Forecast for the week ending 29th March to 2nd April 2021

    Hybreed market forecast for week ending 12th to 16th April 2021

    Binance launches stock tokens trade, starting with Tesla

    Binance launches stock tokens trade, starting with Tesla

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    Custodian Investment Plc slumps over 9% after price adjustment

    11 Plc (MOBIL) gives reason and timeline for delisting from NSE

    Market Spotlight: Suspension of trading in the shares of 11 Plc (MOBIL)

    Bitcoin fell below $32,000 on ‘double-spend’ report and possible ‘curtail’ by U.S lawmakers

    8 expert predictions ahead of Coinbase’s anticipated IPO this week

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    FY 2020: Unilever Nigeria Plc remains in loss despite revenue growth

    Q1 2021: Unilever Nigeria Plc rising cost wipes out 45.7% rise in revenue

    Agric Commodities Trade among African Nations Gets a Boost by FAO, AU Partnership

    Agric Commodities Trade among African Nations Gets a Boost by FAO, AU Partnership

    Nigerian Stock Exchange’s new look (NGX Group): Brand Identity and Website

    Nigerian Stock Exchange’s new look (NGX Group): Brand Identity and Website

    Rothschild Investment Corp acquires 250,000 and 8,000 shares in Grayscale’s ETH and Bitcoin Trusts

    Rothschild Investment Corp acquires 250,000 and 8,000 shares in Grayscale’s ETH and Bitcoin Trusts

    Here is when Seplat will release 2020 full year audited financial results

    Seplat issues notice of 8th AGM, change of company name among agenda

    NITT Set to Unveil Electric Vehicles

    NITT Set to Unveil Electric Vehicles

    400,000 Hectares of Land to Be Allocated to Agri Investors by Jigawa State Government

    400,000 Hectares of Land to Be Allocated to Agri Investors by Jigawa State Government

    Shareholder’s resolutions at Guaranty Trust Bank’s Annual General Meeting

    Shareholder’s resolutions at Guaranty Trust Bank’s Annual General Meeting

    NEXIM Inaugurates N10b Women & Youth Export Enhancement Facility

    NEXIM Inaugurates N10b Women & Youth Export Enhancement Facility

    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    Hybreed weekly Forex Forecast for the week ending 29th March to 2nd April 2021

    Hybreed market forecast for week ending 12th to 16th April 2021

    Hybreed weekly Forex Forecast for the week ending 29th March to 2nd April 2021

    Weekly forex forecast for week ending 5th to 9th April 2021

    Ethereum breaks above all time high in a bullish channel.

    Ethereum breaks above all time high in a bullish channel.

    Ripple confirms wedge break out targets 0.635 and 0.767

    Ripple confirms wedge break out targets 0.635 and 0.767

    Hybreed weekly Forex Forecast for the week ending 29th March to 2nd April 2021

    GBPCHE Break out, targets 1.31520

    RIPPLE(XRP) BREAK OUT COULD BE IN THE WORKS

    RIPPLE(XRP) BREAK OUT COULD BE IN THE WORKS

    Hybreed weekly Forex Forecast for the week ending 29th March to 2nd April 2021

    Hybreed weekly Forex Forecast for the week ending 29th March to 2nd April 2021

    Advocating for Nigerian Media Monitoring and Measurement Association (NiMMA)

    Advocating for Nigerian Media Monitoring and Measurement Association (NiMMA)

    Nigeria’s Inflation rate hits16.47%, the highest since May 2017

    US Consumer Price Index moderately stokes up by 0.4% in February 2021

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home Business

Now that Eto Has Cleared Apapa Roads

Monday, 1 March 2021, 11:22 pm
in Business, Technology
1
Now that Eto Has Cleared Apapa Roads
Share Share Share Share Send as Email

Any one familiar with buying and selling in Nigeria is directly or indirectly aware and affected by the at-a-point- insurmountable, perennial gridlock at the Apapa area of Lagos State. The gridlock was such that even pedestrians at some axis of the Apapa road network were held in traffic.

This, certainly, crippled business activities in the place. In order to survive, businesses have to relocate to other parts of the metropolis at an unplanned expense. Some left the state or even the nation entirely. Those who had no choice than to stay, especially the players in the shipping and logistics industry, had to relocate their families to the area in other to reduce the day-to-day hassles orchestrated by the night-and-day gridlock.

For businesses in the export/import industry, it was nightmarish. Cost of logistics and haulage rose astronomically. What takes a truck a night from Ilorin to Lagos; and by same evening, the truck has dropped cargo in the port, started rising from one week to two weeks, to one month… to three months. This was a major contributor to inflation and hike in prices of goods.

In a bid to rid the state of this menace, the LASG, in December 2020, requested to handle the management of inbound and outbound trucks including the general traffic within Apapa. The FG granted that wish. They came up with an electronic version of calling up trucks to enter the ports (Tincan and Apapa) to either drop or load cargo. They designed and came up with the Eto App through which truckers get the all-clear signal to enter the port. This e-call up system worked wonders within a few days of coming into effect. The App commenced on the 27th of February, 2021 with a warning from NPA that failure for truckers, both owners and drivers, to download and register on the App would mean denial of access into the port.

Residents and business owners/operators in Apapa are testifying to the fact that the area is as free as it used to be. There is total free flow of traffic. Kudos to Eto.

The question then arises as to timing. Does it mean that Eto must be ‘born’ in 2021? Is Eto a harbinger of a 2023 message? Why have we not intuited into developing Eto ever since 2015 or 2014 when this menace was at its seminal stage? Why would Nigerians go through this ordeal week in week out with no solution in view?

Other questions that come to mind circulate around the so-called task force that made some whooping revenue from the daily tolls they collect? Will they allow this initiative to stabilize or are they already concocting a reprisal?

The trucks that blocked every nook and cranny of Apapa, where have they been shifted to? Can the designated bays, like the Lilypond, contain all of them or have they been shifted to the Satellite Town area of the state? If the latter is the case, are the residents less human?

What of the many businesses that wrecked due to the gridlock? Who will compensate or rescue them? Will the cost of haulage from Ilorin to Apapa come back to N80k – N100k from near N1m it grew to at some point? Can the prices of goods in the market normalize? How does this affect the forex rate?

The glaring truth is that when we deliberately allow aberrations to linger, they become norms and difficult to erase. Most times, we even lose memories of what the status quo ante used to be.

This is a call on NPA and the LASG to collaboratively sustain whatever propels Eto’s successes. If there is a template, this team should not lose sight of it. Stick to the program and let our hopes of ending this gridlock not fade into thin air.

Azuka Edokobi
Azuka Edokobi

Azuka Edokobi is a Writer and Entrepreneur

Related Posts:

  • Breakdown of 44 roads FG is constructing with N162.5bn Sukuk Funds in the six geopolitical zones
    Breakdown of 44 roads FG is constructing with…
Previous Post

Total transaction on the Nigerian Bourse declined by 13.7% MoM

Next Post

Dennis Olisa raises his stake in Zenith Bank Plc

Next Post
Sunny Anene raises his stake in United Capital Plc

Dennis Olisa raises his stake in Zenith Bank Plc

Comments 1

  1. Avatar Engr Ichie says:
    2 months ago

    I hope this has come to stay. Our politicians knows exactly how to fix nigeria, but they are just evil and wicked.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
List of Dividends announced in 2021, qualification and payment dates

List of Dividends announced in 2021, qualification and payment dates

SEC Engages CBN on Market Regulation for Cryptocurrencies

SEC Engages CBN on Market Regulation for Cryptocurrencies

FY 2020: Unilever Nigeria Plc remains in loss despite revenue growth

Q1 2021: Unilever Nigeria Plc rising cost wipes out 45.7% rise in revenue

Agric Commodities Trade among African Nations Gets a Boost by FAO, AU Partnership

Agric Commodities Trade among African Nations Gets a Boost by FAO, AU Partnership

FY 2020: Unilever Nigeria Plc remains in loss despite revenue growth

Q1 2021: Unilever Nigeria Plc rising cost wipes out 45.7% rise in revenue

Agric Commodities Trade among African Nations Gets a Boost by FAO, AU Partnership

Agric Commodities Trade among African Nations Gets a Boost by FAO, AU Partnership

SEC Engages CBN on Market Regulation for Cryptocurrencies

SEC Engages CBN on Market Regulation for Cryptocurrencies

Nigerian Stock Exchange’s new look (NGX Group): Brand Identity and Website

Nigerian Stock Exchange’s new look (NGX Group): Brand Identity and Website

Investogist
info@investogist.com

Follow us

Categories

  • Africa
  • Agriculture
  • Budgets
  • Business
  • Columnists
  • Commodities
  • Companies
  • Cryptocurrencies
  • Economic Data
  • Economy
  • Editorials
  • Financial Education
  • Football
  • Forex
  • Industry
  • Investogist Business Saturday
  • Markets
  • Nature
  • News
  • Nigeria
  • Op-ed
  • Opinion & Analysis
  • Policies
  • Rates & Bonds
  • Sports
  • Stocks/Equities
  • Technology
  • Travel & Tours
  • Vacancies
  • World

Quick Links

  • News
  • Economy
  • Markets
  • Business
  • Opinion & Analysis
  • Travel & Tours

Newsletter

Copyright © 2021 investogist.com, All Rights Reserved

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

No Result
View All Result
  • Home
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies

Copyright © 2021 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist