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Oshodi Transport Interchange will be Ready by October – Project Manager

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Oshodi Transport Interchange

The three terminals under construction at the ongoing Oshodi Transport Interchange will be ready by October this year, the project Manager, Mr Abiodun Otunola, has said.

Otunola, a civil engineer with PLANET PROJECTS Construction Company, the firm handling the job, told the News Agency of Nigeria (NAN) on Friday in Lagos that speedy work was ongoing at the site to ensure the projects were delivered at as scheduled.

According to him, 70 per cent of the work has been done as the projects consist of three terminals, for interstate, Bus Rapid Transit (BRT) and the third meant to serve the Lagos State entirely.

“The Oshodi transport interchange will be ready by October; we are working hard to ensure prompt delivery of the project.

“Everybody working here is a Nigerian and you can see the quality of the structures and work we are doing.

“There is no design like this anywhere in the world, it is unique and a peculiar structure due to the shape and geography of this place, Oshodi.

“We tailored the design to fit the geography of the environment, so we have three terminals that take care of interstate, the BRT and the one serving Lagos state itself,’’ he said.

The engineer said that the terminals were built in such a way that passengers could link one terminal from the other.

“With this, we are solving transport, environmental and security problems in Lagos State; Oshodi that I used to know is getting shape gradually, in a few months, you will see a new Oshodi,’’ he added.

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Otunola noted that Lagos residents deserved befitting and comfortable transportation facilities, especially at Oshodi, the hub and centre where people move to other states even to some West African countries.

“Before now, we discovered that there are about 17 different parks with no standard facilities like toilets, ticketing and adequate security personnel in place.

“There is no part of Nigeria that is not served from a particular spot at Oshodi, when some people say it is a mere bus stop, I laugh, they are not being realistic and not saying the truth.

“In western world, they call it terminals, either buses or train terminals with many facilities in place and I know Lagos is getting there very soon.

“So, it is going to be Lagos gift to Nigeria and the West Coast when it is fully done in terms of facilities, like Wifi, waiting area, ticketing booth, ATM points, loading bay, offices and conveniences.

“The size, population, complexity and number of destinations at the terminals are going to be more than 50 of present days motor park at Oshodi,’’ he noted.

According to him, the project will support economic development of the state and ensure that the growing population of the state have efficient public transport system.

He said that it would also ensure the safety and security of the residents as well as guarantee enhanced quality of life.

Mr Ladi Lawanson, the Commissioner for Transportation, had said that over 800 buses would be deployed to start operations at the recently inaugurated Ikeja Bus Terminal.

Lawanson spoke during a visit to both Ikeja and Oshodi Transport Interchange construction site recently.

According to him, the newly procured buses will enable efficient and effective transportation to classes of Lagos residents.

“The state government is coming with multi-modal and integrated transportation system which will take care of about four million people on a daily basis across the state.

“The idea is to cater for Lagos residents, especially the lower and middle classes, who cannot afford to fund their own cars every day.

“We should be expecting some buses like over 800 that Lagos State Government has procured to kick-start operation for the benefit of the residents,’’ he said.

He noted that Ikeja, the capital of Lagos State, had about 900,000 inhabitants.

“It is also a major transport hub on the Lagos mainland as it is amajor node of important corridors in Lagos such as Lagos-Abeokuta Expressway, Agege Motor Road, Mobolaji Bank Anthony Way, Oba Akran and Awolowo Way.

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EVENTS

Nigeria Selects “Mai Martaba” As International Feature Film (IFF) Contender For 2025 Oscars

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Mai Martaba as international feature film contender | fab.ng

The Nigerian Official Selection Committee has selected the epic Hausa film, Mai Martaba as its contender for the International Feature Film (IFF) category at the 97th Academy Awards. The Committee announced in an official statement that they selected the film to contend for the Oscars because of its theme and visual appeal.

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MUSIC

Don Jazzy Announces Tega Oghenejobo As The New President Of Mavin Records

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Tega Oghenejobo As The New President Of Mavin Records | fab.ng

On Tuesday, October 29, 2024, Michael Collins Ajereh, the visionary founder of Mavin (Records) Global, better known by his stage name Don Jazzy, announced a significant expansion within the company. He announced Tega Oghenejobo as the new president of Mavin Records.

Tega has been an integral part of Mavin’s journey. Now, his position as President has elevated his status in the company. In addition, he has been in the existing role of Chief Operating Officer (COO).

Don Jazzy expressed his admiration for Tega’s passion and resilience. He acknowledged his ability to spot these qualities in Tega from the early stages of their professional relationship.

He said,

I’m proud to announce @TEGAMAVIN expanded role as President and COO of Mavin. I am often praised for being able to spot and raise superstars, but I can proudly say the most genius thing I have done in my life was being able to spot the passion and resilience in Tega.”

“From the early days, I’ve watched him be curious about the business, build teams, develop executives, and ensure our talents have sustainable careers from the start. His commitment to growing Mavin and shaping the future of African music has been relentless, and I’m confident that with him in this role, we’ll continue to break new ground and achieve even bigger milestones for our artists and company,” he added.

Accepting the appointment gracefully, Tega Oghenejobo said,

“I’m honored to step into this new role as President & COO of Mavin Records. It means embracing new challenges, setting new goals, and reaching new heights. Thank you, Supreme Leader @donjazzy, for your unwavering belief and trust in me to lead the Mavin team.”

Check here for more updates.

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BUSINESS

Moniepoint Reaches African Unicorn Status With $110 Million Funding Boost

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Moniepoint reaches African unicorn status | fab.ng

Moniepoint Inc., a leading fintech company in Africa, has successfully raised $110 million in equity financing. This is to power the dreams of millions of businesses and their customers across the continent and the diaspora.

The Series C investment was led by Development Partners International’s African Development Partners (ADP) III fund. It is a premier fund focused on Africa.

Additionally, new investors joined the funding round. This includes a leading African private equity firm, Google’s Africa Investment Fund and Verod Capital. Existing investor, Lightrock, a global impact firm, also participated.

Tosin Eniolorunda and Felix Ike founded Moniepoint (formerly known as TeamApt) in 2015. Initially, it focused on providing infrastructure and payment solutions for banks and financial institutions. It has since grown into Nigeria’s leading business banking provider, trusted by millions of businesses.

The capital raised will be used to accelerate growth for Moniepoint across Africa.

Further, that entails building an all-in-one, seamlessly integrated platform for African businesses of all sizes. This platform will include services such as digital payments, banking, foreign exchange (FX), credit, and business management tools, making it a one-stop shop for business solutions.

Moniepoint’s exceptional contributions to Nigeria’s financial services sector have been widely acknowledged, along with its enviable track record of serving customers across Africa.

Each month, Moniepoint processes over 800 million transactions, with a monthly total value exceeding $17 billion, all while operating profitably.

Tosin Eniolorunda, Founder and Group CEO of Moniepoint Inc., expressed his excitement about the successful funding round and the company’s plans to expand its offerings and reach across the African continent.

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