After the demolition Traders at the Abattoir Market in the Ojokoro Local Council Development Area were jolted on Monday morning when the LCDA demolished a section of the market. Many of them said they lost their wares while some explained that they had bought some of the stalls outright from the Ojokoro LCDA. According to some of the affected traders, they had yet to get to the market when the demolition team, in company with a detachment of police from the Rapid Response Squad, arrived with a bulldozer. Those of them who were around said the demolition squad arrived around 8.30am, with the armed policemen taking positions at strategic points. The market located along the old Ota Road had become a heap of rubble when our correspondent got there at 12.00 noon. “They came around 8.30am and they started to demolish the market,” one of the affected traders, Mrs. Nike Bakare, said. “Some of us had just arrived when we saw the policemen...
The management of Eko Electricity Distribution Company (EKEDC) on Monday announced that beginning from May 3, there will be power rationing in Lekki, Ikoyi, Victoria Island and some parts of Ajah. This is contained in a statement by the General Manager, Corporate Communications Unit of EKEDC, Mr Godwin Idemudia, a copy of which was made available to News Agency of Nigeria (NAN) in Lagos. According to the statement, this is to enable the Transmission Company of Nigeria (TCN) to upgrade both Line 1 and Line 2 of Ajah-Alagbon transmission line from 132kv to 330kv. It stated that during the upgrade operation which would last between three to four weeks, the Lekki transmission injection sub-station which served those areas would be completely shut down. “To ensure that the areas are not completely out of supply during the duration of the upgrade operation, alternative power supply arrangement would be made through back-feeding operation to the areas from Alagbon Transmi...
The Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed that the Solid Minerals sector requires a robust fiscal regime built on comprehensive reform to expand the revenue generation base for the nation. The Acting Executive Secretary, NEITI, Orji Ogbonnaya Orji, who stated this during a courtesy visit to Minister of Solid Minerals Development, Kayode Fayemi, called on the ministry to commence a comprehensive programme for the mining industry in the phase of the collapse of oil prices. Orji explained that from the scoping study conducted and series of independent oil reports by NEITI, the solid minerals sector had contributed poorly to national purse in recent years and therefore requires extensive reforms to bolster activities in the industry. According to him, the NEITI reports indicated that, “the sector reforms should include periodic review of royalty rates to conform with market prices encouraging companies to declare accurately what they ear...
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