Each Lagos Commercial Bus To Pay N292,000 Annually Aside ‘Agbero’ Charges - AfrobadooTV
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Each Lagos Commercial Bus To Pay N292,000 Annually Aside ‘Agbero’ Charges

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The Lagos State Government has signed an agreement for the collection of what it called “Consolidated Informal Sector Transport Levy” designed to harmonise dues collected by government from commercial motorists at parks and garages.
The agreement was signed between the state government, local government, various transport unions and some government agencies.

According to the Commissioner for Finance, Dr. Rabiu Olowo, the levy pegged at a flat rate of N800, covers monies for the local government, clearing of waste from the motor parks, which was being paid to the Lagos State Waste Management Agency (LAWMA), and pollution, dues which were collected by Lagos State Environmental Protection Agency (LASEPA), among others.

According to Olowo, personal income taxes of the drivers will also be deducted from the N800 levy which commences with immediate effect

With this harmonised levy, each commercial bus driver is expected to pay N800 daily, which accumulates into N24,000 monthly and N292,000 in a year.

Though, the harmonised levy introduced by government does not affect tickets issued by the National Union of Road Transport Workers (NURTW).

Chairman of the Lagos State Chapter of NURTW, Alhaji Musiliu Akinsanya, popularly known as ‘MC Oluomo’ explained that the Union, in collaboration with the Road Transport Workers Union, (RTEAN), had approached the State Government to consolidate the fees collected by different LGAs and agencies to make collection easier for government.

He clarified that the new development affects only government levies but has nothing to do with the union dues charged.

The Special Adviser to the Governor on Transportation, Mr. Toyin Fayinka, stated that the development is the phase one approach towards total restructuring of the transport sector; saying it is expected to bring sanity to motor parks in line with best practices globally.

The Finance Commissioner admitted that bulk of monies collected as levies before now are lost to unknown agents.

He disclosed that research has shown that an average commercial bus pays at least N3,000 as due per day while some buses pay as high as N8,000 to N9,000.

While he described the new development as a form of revenue assurance, he assured that it would have a strong implication on reduction of levies paid by bus drivers at different points/parks before now.

He also said that it will drastically reduce the suffering of the people as it is expected to reduce the cost of road transportation.

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Bitfinex hold their first community hangout in Nigeria

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Bitfinex is one of the top and oldest trading platforms in the world. It is a trading platform for sophisticated and professional traders. After millions of secured transactions carried out on Bitfinex, communities have emerged from various parts of the world. These communities have expanded to multiple professionals helping each other grow on their crypto journey.
Time out in Bitfinex was created by and for the African community and it was graced with the attendance of two crypto industry leaders, Chuta Chimezie, the founder of Blockchain Nigeria User Group, and Linda I.A Obi founder of Techonomy.
The event began with a welcome and Introduction by Paolo Ardoino, the Chief Technology Officer for Bitfinex. Linda I.A Obi spoke on the inclusion and diversity of female representation in crypto-trading, crypto-trading techniques for beginners and advanced traders and she also shared the pros of trading with Bitfinex.
Chuta gave an insight on trading and blockchain in particular. He spoke about crypto in Africa and the need to position yourself rightly in the space by acquiring as many relevant skills as possible. Members of the community asked the speakers questions and were able to learn and gain a balanced view of the cryptocurrency industry as a whole and its future.
We are really excited that Bitfinex is finally coming to Africa.

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Elon Musk sells $7bn worth of Tesla shares

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Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings published on Tuesday, amid a high-stakes legal battle with Twitter over a $44 billion buyout deal.

The Tesla boss sold some 7.9 million shares between August 5 and 9, according to filings published on the Securities and Exchange Commission’s website.

“In the (hopefully unlikely) event that Twitter forces this deal to close and some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock,” Musk, the world’s richest man wrote on Twitter late Tuesday.

Twitter is locked in a legal battle with the mercurial Tesla boss over his effort to walk away from the April agreement to buy the company, and a judge has ordered that a trial will begin in October.

Musk has filed a countersuit, accusing Twitter of fraud and alleging the social media platform misled him about key aspects of its business before he agreed to a $44 billion buyout.

The move comes after Musk sold around $8.5 billion worth of shares in the electric carmaker in April as he was preparing to finance the Twitter deal. He tweeted at the time: “No further TSLA sales planned after today.”

AFP

 

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Crispy Juice introduces Super Combo package

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Crispy juice has extended their tentacles in the quest of satisfying their esteemed customers.

This package titled super combo comes with sandwich and juice and it’s sold for just N1,000.

According to them, this super combo is packaged to give unbeatable nutritious greatness.

This idea was borne out of consistent requests from their esteemed customers.

Interestingly, this package can be delivered everywhere in Lagos ranging from the island to the mainland.

Contact: IG: @crispy_juice1

Phone: 08121332085

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