TOWARDS CHEAPER AND AFFORDABLE ROAD TRANSPORT: FG DISTRIBUTES 4,116 BUSES

October 7, 2016 AdminLeave a comment

A total of 4,116 buses valued at N37 billion have been delivered to beneficiaries nationwide under the Federal Government’s Public Mass Transit Revolving Fund (PMTF) Scheme. Adekunle Oyinloye, Managing Director of The Infrastructure Bank, said this in a paper he presented at a workshop for chief executive officers of mass transit companies in Abuja. Oyinloye said the buses were released […]

HOW N16BILLION MASS TRANSIT SURE-P FUND WAS SQUANDERED

June 7, 2016 AdminLeave a comment

Over N16billion of Subsidy Reinvestment and Empowerment Programme (SURE-P) funds released by the Goodluck Jonathan administration in 2012 for the Public Mass Transit Revolving Fund (PMTF) was squandered, the International Centre for Investigative Reporting icirnigeria.org has found. The fund, administered as a revolving loan by The Infrastructure Bank (TIB) was given out in form of Mass Transit Vehicles to 31 […]

INFRASTRUCTURE BANK RESTATES COMMITMENT TO COMPLETION OF LAGOS-IBADAN EXPRESSWAY

January 30, 2016 AdminLeave a comment

The Infrastructure Bank (TIB) has reassured motorists using the Lagos-Ibadan express road of speedy completion of the N167 billion road project. This was disclosed in a statement made available to the News Agency of Nigeria (NAN) in Lagos on Friday. The statement quoted the bank’s Managing Director, Mr. Kunle Oyinloye, as assuring motorists not to be despaired by the current […]

INFRASTRUCTURE BANK, MARINE EXPRESS PARTNER TO CONSTRUCT LAGOS METRO RAIL

May 31, 2015 AdminLeave a comment

The Marina Express Train Service Ltd (METSL) is to collaborate with The Infrastructure Bank (TIB) to construct the proposed Lagos Metro Rail Transit (LMRT) Red Line project. Minister of Transport, Sen. Idris Umar, stated this in Abuja at the ceding and handing over of the Right of Way (ROW) for the Iddo-Agbado Corridor for the proposed rail line. The proposed […]

LOCALLY-ASSEMBLED VEHICLES TO GET SPEED LIMITERS

As part of efforts to reduce the rate of speed-related accidents in Nigeria, the National Automotive Development and Design Council has directed all vehicle manufacturing plants in the country to install the speed-limiting device in their vehicles.
A deadline for compliance on the installation of the device in all vehicles being imported into the country has also been given.
AUTO POLICY CAUSING HIGH MARITIME JOB LOSSES – EXPERT

In a letter to President Muhammadu Buhari, a member of the Presidential Taskforce on Customs Reform, Mr. Lucky Amiwero, has called on the Federal Government to review the policy, due to its negative impact on the economy.
He said, “The impact associated with the implementation of the auto policy is as follows: the diversion of cars carrying vessel to neighbouring West African ports as a result of high tariff on imported vehicles; and the reduction of the maritime workforce by 70 per cent, which affects mostly licensed customs agents, importers, dealers and Nigerians abroad.”
UNDERSTANDING THE HISSING & SQUEAKY SOUND FROM TRUCKS

Ever wondered why trucks and buses make funny squeaking and hissing sounds? Well, the squeaking is the air escaping after braking and the hissing sound is the automatic bypass safety valves at work, ensuring the air pressure remains at the correct level.
Since a main advantage of air-brakes systems is their ability to use air to operate, the compressor is constantly kicking on and kicking off to refill the reservoirs with pressurized air. When the compressor builds too much air, the valves open, producing that loud hiss which probably gets some of us wondering…What the heck is leaking..lol!
SAFETY TIPS! COPING WITH POTHOLES

Hitting potholes can throw your vehicle\'s front end out of alignment. If you feel your car \"pulling\" during driving, that\'s a clue that you could have a problem.

Check the tread on your tyres. Uneven tread wear can be a sign of misalignment. If you hit a severe pothole, have the vehicle\'s alignment and tyre balance checked.

When you hit a pothole you can damage your tyre and/or the metal wheel of your vehicle. Keeping your tyres properly inflated will help reduce damage from potholes and other road hazards.

The impact of potholes on tyres increases dramatically with speed and can cause hidden, internal damage that could lead to tyre failure weeks, or even months, later. It\'s best to avoid potholes entirely, but if that\'s not possible, don\'t brake during the pothole impact. Instead, apply brakes before hitting a pothole and release them just before impact. Braking during the impact sets up the tyre and wheel assembly for a \"solid hit\" against the edge of the hole. Less severe damage occurs when a tyre is rolling than when it is skidding over a hole during braking.

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Tag: The Infrastructure Bank

TOWARDS CHEAPER AND AFFORDABLE ROAD TRANSPORT: FG DISTRIBUTES 4,116 BUSES

HOW N16BILLION MASS TRANSIT SURE-P FUND WAS SQUANDERED

INFRASTRUCTURE BANK RESTATES COMMITMENT TO COMPLETION OF LAGOS-IBADAN EXPRESSWAY

INFRASTRUCTURE BANK, MARINE EXPRESS PARTNER TO CONSTRUCT LAGOS METRO RAIL