Business

Lagos Assembly Insists On Anti-Grazing

Lagos Assembly insists on anti-grazing law, reveals plans for ranching

The Lagos State House of Assembly has stated that the Prohibition of Open Cattle Grazing Bill, when passed, will ensure harmonious relationships between herders and farmers in the state.

The assembly made this known after the bill was read on the floor of the house for the second time, by the Acting Clerk, Mr Olalekan Onafeko, at plenary on Monday.

It said the bill would also protect the environment of the state and the SouthWest zone.

Speaker of the House, Mr Mudashiru Obasa, who described the Prohibition of Open Cattle Grazing Bill’ as timely, thereafter committed the bill to the Committee on Agriculture for public hearing.
The speaker also suggested that the bill should make provision for the registration of herders, and prepare them for ranching.

He said: “Allocating parcels of land is not enough, but there should also be training for those who will go into ranching, as ranching is expensive and requires adequate preparation.”

Concerning the VAT bill, he said it would further lead to increase in revenue and infrastructural development.

“This is in line with fiscal federalism that we have been talking about,” he said.

Speaking on the bill on open grazing, Mr Bisi Yusuff (Alimosho 1), lamented that farmers had continuously become afraid to visit their farms, thus causing shortage of food.

Yusuff also said many farmers had become indebted, as they now found it difficult to pay back loans they secured.

His position was supported by Mr Kehinde Joseph (Alimosho 2), who noted that the bill would ensure peaceful coexistence, reduce crime and help to guide activities of herders.

Also, Mr Gbolahan Yishawu (Eti-Osa 1), expressed support for the bill, noting that it would give a level of security to the state and help reduce economic losses.

He added that Lagos had 250 hectares of land in Ikorodu and another 750 hectares in Epe for ranching.

Business

Dangote Refinery reduces petrol price to N825 per litre

Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit, PMS, also known as petrol to N825 per litre from N835 per litre as competition continues in the domestic market.

Recall that last month, the 650,000 barrels per day refinery reduced the gantry price of petrol to N835 per litre from N865 per litre.

The latest adjustment is targeted at giving customers more value, as well as consolidating its leadership position in the domestic market.

Business

NIMC hikes NIN service fees, increases date of birth correction to N28,574

Federal Govt Launches NIN Diaspora Enrolment Centre In UAE

The National Identity Management Commission (NIMC) has announced a revised price list for National Identification Number (NIN) issuance and other related services.

On May 1, the NIMC announced a review of the pricing structure for all its services.

In its report on Saturday, the commission said the cost of correcting the date of birth on a NIMC slip has increased to N28,574, reflecting a 74.87 percent rise from the previous fee of N16,340.

According to the new price list, modifying other details such as name or address now costs N2,000 per transaction, up by 31.41 percent from the earlier fee of N1,522.

While initial NIN enrolment and issuance of slips remain free, NIMC said the reissuance of lost or damaged NIN slips now costs N600, an increase from N500.

Premium enrollment services offered at licensed lounges, visa centres, and pre-booked VIP services now cost N20,000, and VIP reissuance of NIN slips is priced at N3,500.

Additionally, the commission said the fee for retrieving a NIN via USSD services has risen to N50 from N20.

For Nigerians in the diaspora, NIMC said adult enrollment at regular service points in African countries now costs $50, enrollment for children is $30, and reissuance of NIN slips abroad is priced at $6.

According to NIMC, in African countries, the commission said correcting a date of birth now costs $55, and modifying other fields costs $10.

In non-African countries, the commission said name corrections are priced at $60, while other changes cost $20.

In its executive summary of the revised price list, NIMC explained that the adjustments considered the current inflation rate of 32.70 percent, saying most services were increased by at least 20 percent, with certain exceptions based on the nature of the service.

Business

NCAA sanctions Kenya Airways over passenger complaints

The Nigeria Civil Aviation Authority (NCAA) has sanctioned Kenya Airways for several consumer-related violations involving three passengers, including one Gloria Omisore.

This is contained in a statement on Friday by Michael Achimugu, Director of Public Affairs and Consumer Protection.

Achimugu stated the NCAA issued a sanction letter on Wednesday to Kenya Airways regarding the passengers’ complaints

“The infractions include failure to provide care, lack of transparency in carriage terms, poor communication with the Authority, and mishandling refunds and baggage.

“In accordance with the NCAA Regulations 2023, Kenya Airways must pay fines and compensate each affected passenger with 1,000 special drawing rights.

“The airline has seven days to comply. Failure to do so will result in more severe penalties,” Achimugu said