Business
Land Transportation: Operators Call For Regulatory Agency
Players in the transport
sector in the South East have called for an agency to regulate road transport as a measure to reduce the carnage on the roads.
Many of the stakeholders in the South-East, told newsmen yesterday that they were dismayed by the lack of regulations to check entry and exit in the road transport industry as obtained in the other transport sectors.
A cross section of the stakeholders who responded to a survey in Umuahia, expressed the need for the establishment of such an agency to regulate the activities of commercial transport operators in the country.
A commercial bus driver, Mr Augustine Eziyi, said that such an agency would help to regulate the activities of the various transport unions and ensure sanity in the sector.
Eziyi blamed reckless driving, driving under the influence of alcohol, touting on major roads and streets of Umuahia and Aba, among other challenges in the sector, on the absence of control over the operators.
“If there is an agency specifically in charge of land transportation in the country, drivers will be decent and disciplined in their operations,’’ he said.
He also attributed the problem bedeviling the sector to the lack of good education among the drivers, saying that the level of illiteracy was high among the commercial drivers.
Similarly, a senior staff member of the Federal Road Safety Commission (FRSC), who spoke to our source on the condition of anonymity, said that the commission was in a good stead to regulate the operations in the land transport sector.
He, however, expressed regret that the commission was hamstrung by the lack of funds to carry out its statutory functions, saying that it could effectively control the consumption of alcohol by drivers while on the wheel, if the resources were available.
In Awka, the Chief Executive Officer of GUO Transport Company, Chief Godwin Okeke, urged the Federal Government to convene a stakeholders’ meeting to sanitise the road transport business.
Okeke said that the road transport sector needed a regulatory body like the air and water sectors.
“A situation where all who have money just come in, buy vehicles and employ unqualified drivers has contributed to the increasing number of accidents being recorded on the high ways.
“This situation has created chaos in the sector. What the Federal Government should do is to bring everybody together in the transport industry in a conference or workshop to make suggestions on how best to sanitise the road transport sector,” Okeke said.
The transporter argued that by so doing, good policies on road transport would be formulated to accommodate the different groups and systems of operation in the country.
He suggested that the government could also boost the road transport sector by improving on the security on the roads, providing easy access to loans and ensuring good roads.
He said that if government tackled the three areas, the transport sector would further give a boost to the employment of youths.
A driver with the ‘God is Good Motors’ in Awka, Mr Tony Okafor, also said that the establishment of a regulatory body would make the road transport business more attractive and reduce touting.
“Anyone who wants to run a transport system will be guided on the required standard for the country, starting from the calibre of drivers, conductors and attendants to employ,” he said.
On his part, the Executive Secretary of ‘Arrive Alive Road Safety Initiative (AARSI)’, an NGO, Mr Ike Okonkwo, urged the government to implement all the road safety rules and regulations, to check the carnage.
Okonkwo decried the current rate of road accidents in the country, saying that advanced countries had reduced road accident to the barest minimum.
“I still wonder why we cannot replicate same here in the country with all the agencies we have on the roads.
“There is a need for the enforcement of the rules, to ensure that everybody complies with them.
Also commenting, Mr Ben Osaka, the Coordinator of the FRSC Special Marshals and Partners in Onitsha, underscored the need for more enlightenment of drivers’ unions, to check the intake of drugs and stimulants among their members.
Osaka also observed that some of the vehicles plying the roads were unserviceable and should be kept out of the roads.
“There is a need for enlightenment, especially for drivers of articulated vehicles, which the FRSC had already started.
“There should also be a ban on the sale of stimulants and alcohol, on the roads and in motor parks.
“The issue of speed limiters in vehicles must be implemented while sloppy areas of any road should have speed breakers and danger signs,’’ he said.
In Abakaliki, the stakeholders called for the establishment of an effective land transport policy to correct the numerous anomalies bedeviling the sector.
They remarked that the numerous challenges which included the carnage on the roads, poor conditions of the roads, and traffic congestion, among others could be prevented with an endearing land transport policy.
Chief Ike Ifediba, the former Chairman of the National Union of Road Transport Workers (NURTW), Ebonyi branch, noted that such policy would reduce the carnage.
“Road accidents account for many deaths in Nigeria; an effective road transport policy with appropriate punishments for defaulters, will ensure that motorists obey traffic regulations.
“Incidents such as the recent fuel tanker explosions in the country could have been prevented with such policies, as adequate regulations on all forms of road transportation would ensure sanity on the roads,” he said.
A staff member of the FRSC in Ebonyi who also spoke on the condition of anonymity, noted that such a policy would ensure the adoption of road transport regulations as obtained in developed countries.
“In these countries, there are stipulated periods for articulated vehicles and smaller vehicles to ply the roads which ensure sanity on the roads.
“Such policy, if in existence, would have prevented the fuel tanker carnage in Onitsha and other parts of the country which claimed many lives in broad daylight,” he said.
Mrs Patience Okpo, a commuter, noted that such a policy would ensure that the roads were well maintained to reduce the carnage and check traffic congestion.
“The policy will stipulate adequate regulations which will ensure that the government at all levels provide adequate infrastructure for the people while the commuters will stop acts such as littering and soil mining, among others, which destroy the roads,” she said.
Business
MoneyPoint Empowers Pharmacists With Payment Solutions
MoniePoint Inc. a digital financial firm in Nigeria, has said it is empowering community pharmacists across the country with innovative payment solutions to improve access to drugs.
The financial firm said it had also provided loans for pharmacists under the aegis of the Association of Community Pharmacists of Nigeria (ACPN) to drive healthcare delivery in the country.
MoniePoint in a release titled, “Inside Nigeria’s community pharmacies: How Moniepoint drives healthcare access with payments and funding”, has reaffirmed its commitment to providing digital payment solutions to improve health outcomes in Nigeria.
The release examined how community pharmacies play a crucial role as vital access points for medical care in Nigeria, especially in areas with limited hospital or clinic access.
According to the release, the ACPN National Chairman, Ambrose Igwekwam, highlighted the critical role played by community pharmacies in Nigeria’s healthcare system over the years.
Igwekwam, however, expressed concerns over the challenges confronting the nation’s pharmaceutical industry which he said was hindering access to affordable medicines.
The pharmacist listed poor infrastructural systems, power, transportation, regulatory bottlenecks, importation dependency, and limited research opportunities as major challenges facing the pharmaceutical sector.
He also stressed the need for robust collaborative efforts with institutions like Moniepoint to strengthen the sector.
“As Nigeria continues to grow, improving local pharma manufacturing to meet the demands of this growth presents a key opportunity for us all.
“There is also the African Continental Free Trade Area Agreement, which is expected to boost our industry, especially when we start producing our drugs locally, which will provide the much needed foreign exchange from exports.
“We are also seeing advancements in digital health and technology which would hopefully deepen the practice of e-prescription in Nigeria”, the ACPN boss said.
Corlins Walter
Business
Embrace AI, CIIN Urges Insurance Operators
In order to enhance customer service and streamline operations, the Chartered Insurance Institute of Nigeria (CIIN) has called on stakeholders in the insurance industry to embrace Artificial Intelligence (AI).
The President of the institute, Yetunde Ilori, made this call at the 2024 Office Representatives Committee (ORC) Workshop, organised by the institute, with the theme “AI and the Future of the Insurance Industry”, in Lagos.
Ilori at the event, emphasised the importance of AI adoption, noting that it was not a threat to jobs but rather a tool to improve efficiency across the insurance sector.
“It is not about AI taking over our jobs, but about us using AI to simplify processes and give maximum satisfaction to all the customers we serve whether as underwriters, brokers, loss adjusters, or in educating our members”, she said.
The workshop, which brought players in the insurance sector together, aimed to address how AI could be leveraged to transform business processes and improve customer interactions.
The Chairman of the ORC, Monica Nwachukwu, underscored the role of AI in modernising the industry, adding, “AI can automate customer and claims processes, allowing insurers to provide faster and more efficient services to their customers”.
She explained how AI could help extract data from legacy systems, enhancing decision-making processes.
“By integrating AI with APIs, insurers can feed valuable data into AI solutions to improve operations and customer service”, she added.
In his address, the Managing Partner of A4S and Training Heights, Orlando Odejide, stressed the need for companies to align their strategies with future technologies like AI, especially as they prepare for 2025.
“Any organisation that wants to grow into the future must have its strategic plan in place. If your strategy for 2025 is not ready, it should be done by October”, he advised.
He encouraged participants to think critically about how AI could be integrated into their business models to ensure they remain competitive.
“The idea is for you to use this workshop as a platform to think about your organization and how AI can help streamline your processes and improve growth”, Odejide noted.
Business
NASRDA Reassures On Strengthening Nigeria’s Space Capability
In order to gain global respect and recognition, the National Space Research and Development Agency (NASRDA) has reaffirmed its determination to pursue its goal in ensuring that Nigeria’s space capabilities are recognised on the world stage.
The agency also reaffirmed its commitment to positioning Nigeria as a key player in the global space economy.
In a statement by the Director of Media and Corporate Communications, Dr. Felix Ale, NASRDA revealed that the Director-General of the agency, Matthew Adepoju, emphasised this during recent engagements at the 79th United Nations General Assembly and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and Global Alliance Business Association international conference in Michigan, United States.
The statement noted that Adepoju outlined a forward-thinking agenda, stressing the importance of Nigeria’s space programme as a leader in research, exploration, and technological innovation.
“Our goal is to ensure that Nigeria’s space capabilities are recognised on the world stage.
“We must foster collaborations with global space agencies to enhance our satellite capabilities and technological infrastructure”, he stated.
The NASRDA boss said the agency is focusing on enhancing satellite capabilities, expanding international collaborations, and leveraging space science for national development.
He said NASRDA will have no stone unturned in pursuit of excellence, ensuring the agency secures the necessary resources and recognition to propel it forward.
“The relationships we build today will pave the way for tomorrow’s advancements in space science.
“Innovation and progress thrive in an environment built on collaboration and inclusivity”, he stated.
He emphasised that with the support of the government, international partners, and a dedicated team, NASRDA is poised to make significant strides in the evolving global space landscape.
“We are on the brink of a new era for Nigeria’s space agency. Together, we will ensure our nation stands out in the global space economy”, he said.
Corlins Walter