Business
Lekki Toll Plaza: LASG, LCC Engage Stakeholders, Seek Understanding
…LCC restates its commitment to quality service in the Lekki corridor
Lagos State Government has urged the people of the State, especially the residents of Lekki and Ikoyi, to show understanding ahead of the proposed reopening of the Lekki-Ikoyi Link Bridge Toll Plaza by the Lekki Concession Company Limited (LCC).
The appeal was made by Lagos State Commissioner of Information and Strategy, Mr. Gbenga Omotosho, and his counterparts in Transport, Dr. Fredericks Oladehinde as well as Home Affairs, Prince Anofi Elegushi respectively during a stakeholders’ meeting held on Wednesday at The Lekki Coliseum in Lekki Phase 1, Lagos.
They assured the residents that Lagos State Government will look into all the requests and recommendations made by the stakeholders and respond appropriately.
The stakeholders meeting which was held to engage key residents on LCC’s plan to reopen the Lekki-Ikoyi Link Bridge Toll Plaza was attended by key stakeholders which included, the President of Lekki Estates Residents and Stakeholders Association (LERSA), Olorogun James Emadoye; human rights activists, the media and several other residents of Lekki, among others.
Responding to the key stakeholders who expressed their views about the LCC decision to reopen the Lekki-Ikoyi Link Bridge Toll Plaza in April, Omotoso commended the speakers and implored them to show some understanding with the Lagos State Government.
He said: “We are here to seek your understanding as a government about the matter at hand. We are also citizens of Nigeria. We are all Lagosians. I have listened to all of you talking about our rights, privileges, and how government should be responsible for everything. I also feel that as citizens, we should have some responsibilities.
“Lagos is a city of about a 25million people and out of the 25million people there are about six million taxpayers and among six million taxpayers, only a 4.2million are active taxpayers. So, let us reflect on all these things. I know how people feel and I understand what has been said but I believe that the matter at hand is about seeking your understanding. It is a matter of showing some compassion for people who have one thing or another to do with this company.”
Dr. Oladehinde who also appealed to the people not to be shortsighted said the decision of the government is not to punish people but to create an enabling environment for more jobs through private sector participation.
“What Lagos State is trying to do is to create an enabling environment to create more jobs and when you create more jobs. We should not be shortsighted. The only way to create jobs is to create an environment where we can attract the private sector to build more infrastructure in the state. Let us look at the issue from the view that we are trying to resuscitate the economy of Lagos State,” he said.
Also speaking, the Commissioner for Home Affairs, Prince Anofi Elegushi, said the purpose of the stakeholders’ meeting was to engage key stakeholders on the matter of reopening the Lekki-Ikoyi Link Bridge Toll Plaza.
He appealed for cooperation from the people, saying “we must all work together.”
In his address, the Managing Director/CEO of Lekki Concession Company Limited (LCC), Mr. Yomi Omomuwasan, said the resumption of operations was necessary for the company not to default on its payment of local and international loans as well as to cater to the welfare of its workers.
He said LCC has also introduced new technology and innovations to make movement at the Toll Plaza seamless and faster for commuters
Speaking earlier some of the speakers expressed their views about the plan to reopen the toll plaza, pleading with the State Government to halt the process for now.
The residents based their plea on the harsh economic situation in the country, saying that the tolling would aggravate the situation. In his response, Omotoso appealed to the residents to consider the number of Lagosians, whose sources of livelihood also depend on the Tollgate.
Meanwhile, the Lekki Concession Company has stated that tolling will kick off officially on the 1st of April but motorists will be given two-week free access at the toll plaza. According to Omomuwasan, payments for access will start on the 14th of April, 2022.
Rashidat Okunlade Writes
Mr Olaniyi Toluwalope, Managing Director and Chief Executive Officer, eTranzact International PLC, has bagged Business Day’s Top 25 CEOs award in recognition of his company’s stellar performance on the Nigerian Stock Exchange.
Speaking during the award ceremony last weekend in Lagos, the publisher, Business Day Media Ltd., Mr. Frank Aigbogun stated that the award is more than just a recognition ceremony, but a reward for excellence, innovation, and drive for positive change.
According to the publisher, the eTranzact boss and other awardees have demonstrated extraordinary leadership, resilience and relentless pursuit of a result of success and this remarkable achievement in growing market value within the period of review stands them out as industry leaders, serving as a beacon of inspiration, admiration and respect from their peers and stakeholders alike.
“This has made us gather to celebrate your achievements, passion, and your dedication to excellence. As we recognize the countless hours of hard work, sleepless nights, and sacrifices that go into building and leading a successful business, your resilience in the face of challenges is truly commendable and it is an honour to acknowledge and celebrate your triumphs,” he concluded.
Responding after the award, Mr Olaniyi Toluwalope said the award is a testament to what they have been doing in the financial technology sector within the past 20 years.
Left-Right: Mr. Frank Aigbogun, Publisher BusinessDay presenting Mr Olaniyi Toluwalope : MD/CEO, eTranzact Plc the award recognition of the company’s stellar performance on the Nigerian Stock Exchange during the Top 25 CEOs Award in Lagos.etra
Toluwalope said: “This award means a lot to us since we began the journey of transformation as an organisation a couple of years ago.”He believed the board, the management, and the entire team have worked very hard to reimagine strategy, focusing extensively on execution capability. “We have built more partnerships, deepened our collaboration with the government, private sector, with lots of our financial service partners. The quality of products and solutions we offer coupled with the investment we have made in technology infrastructure is the outcome of all we are seeing now in terms of our improvement and top performance.”
“As one of the top fintech companies in the country, having been around for over 20 years, doing great things and setting new standards and creating pioneer products and solutions, these are the things that have created the pillars which we stand on today, which is what is creating this visibility and identification we are seeing and benefiting from,” he said. It is worth noting that, eTranzact under the leadership of Mr. Toluwalope recorded the highest-ever profitability in the 20-year history of the company in its 2022 financial year.
The company is already on the upward trajectory to build on the gains of the performance by continually providing world-class solutions and products to its discerning clients which cuts across both public and private sectors.
…as BusinessDay honour Top 25 CEOs
Rashidat Okunlade Writes
Nnamdi Okonkwo, Group Managing Director of FBN Holdings Plc, has bagged outstanding CEO in the just concluded Top 25 CEOs Awards organized by BusinessDay that was held at the Ballroom of the Federal Palace Hotel, Victoria Island, Lagos last Saturday.
Left-Right: Adewale Arogundade, Acting Company Secretary, FBNHoldings, Tolu Oluwole, Head, Investor Relations, FBNHoldings, Nweke (Junior), former Director General, Nigerian Economic Summit Group, Oyewale Ariyibi, Executive Director, Finance FBNHoldings, Frank Aigbogun, Publisher, BusinessDay, and Wasiu Shafe, Financial Controller, FBNHoldings.
In this year’s edition of the BusinessDay Top 25 CEOs, the publication recognised 25 Chief Executive Officers and Managing Directors of various listed firms on the Nigerian Stock Exchange (NGX) who experienced outstanding financial development and also made important contributions to their respective industries.
FBNHoldings team that graced the event are Adewale Arogundade, Acting Company Secretary, FBNHoldings, Tolu Oluwole, Head, Investor Relations, FBNHoldings, Nweke (Junior), former Director General, Nigerian Economic Summit Group, Oyewale Ariyibi, Executive Director, Finance FBNHoldings, Frank Aigbogun, Publisher, BusinessDay, and Wasiu Shafe, Financial Controller, FBNHoldings.
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