Transporters demand palliatives from enforcers of IPOB sit-at-home order

Transporters in Abia State have appealed to the enforcers of the weekly sit-at-home order in the South East to give them palliatives to cushion the effects of the lockdown on them.

The drivers made the appeal in interviews with the News Agency of Nigeria Correspondent in Umuahia.

Speaking in the state capital on Monday, they said the development was making things difficult for them.

They complained that the transport sector was the worst hit by the directive as their vehicles were usually attacked or vandalized, while passengers on the other hand hardly come out of their homes for fear of attacks. NAN reports that residents of the five South East states have been groaning under the frequent order by the proscribed Indigenous People of Biafra.

The residents have continued to comply with the Monday weekly order in spite of its suspension by IPOB, which directed that it should be observed only on the days its leader, Nnamdi Kanu, is to appear in court.

Kanu, who in the custody of the Department of State Services, is being tried for treason and among other charges.

Residents expressed worry that the weekly exercise would cripple the socio-economic activities in the region, known for commerce and trade.

Henry Okezie, Chairman, Abia State Drivers’ Welfare Union, said the exercise had dealt a deadly blow on the transport sector.

Okezie said: “This frequent sit-at-home is really affecting us because we can’t operate if we don’t see passengers.

“Most of our members have their vehicles on hire purchase, which means that we must work every day to meet the target.

“We are appealing to the enforcers of this exercise to give us some palliatives in order to cushion the effect.

“We have over 200 members at this Isigate Park in Umuahia whose buses are operating on Umuahia-Ikwuano and Umuahia-Ubakala routes.

“Each of us make a minimum of N10,000 daily.

“So any day we don’t work, we lose over N2 million on average.”

Okezie said they would continue to comply in fear with the directive because “some of …

Naira falls at parallel market against Dollar, Pound, Euro

The Naira on Thursday dipped further at the parallel market in Lagos against the dollar.

The Central Bank of Nigeria had a few months ago stopped the sale of FOREX to Bureau De Change operators.

It cited regulatory infractions by some of the members of the currency traders.

However, the impact of the ban is far from strengthening the naira against the dollar.

It lost N6 from N562 traded on Wednesday to exchange at N568 to the dollar, while the Pound Sterling and the Euro closed at N774 and N660 respectively.

Trading at the official Investors and Exporters window saw the Naira closing at N410 to the dollar as at Wednesday, while the Pound Sterling and the Euro closed at N567.67 and N485.53 respectively.

Data from the Central Bank of Nigeria also showed the Naira exchanged at 0.739 Kobo  to the CFA.

NAN reports that while the CBN is working hard to reduce inflation, experts believe a lot needs to be done in the management of the exchange rate.…