News
Governor Sanwo-Olu Visits China Railway Rolling Stock Corporation
……………………..We’ll deliver additional rolling stocks in December – Train manufacturers
Lagos State Governor Mr. Babajide Sanwo-Olu, on Sunday visited the headquarters of China Railway Rolling Stock Corporation in Dalian, China to conclude transactional conversations with the top management of the company, on the purchase of rolling stock for the Blue and Red rail lines in the State.
Governor Sanwo-Olu during the meeting expressed his government’s commitment to reducing the traffic congestion in Lagos in line with the Traffic Management and Transportation, which is the first pillar of the THEMES+ developmental agenda.

The Governor charged the China Railway Rolling Stock Corporation, who delivered those of the Blue Line train to deliver additional rolling stock for the Red and Blue lines before the end of the year.
The company in their response to the Governor’s request assured that the additional rolling stock, which the Lagos State Government procured from China for the Blue and Red lines would be delivered in December.
They also expressed their commitment to continuous partnership and relationship with the Lagos State government in rail transportation.

Governor Sanwo-Olu, who is currently in China with some top government officials on a working visit, said Lagos will ensure the deployment of modern technology in infrastructural development.
He said: “We are at the Dalian train manufacturing plant. They are manufacturers of the existing Blue Line trains. We have also come here to order new rolling stock for both the Red Line and additional rolling stock for the Blue Line.
“It is a very impressive facility. They have been in this business for over 100 years. And they are indeed one of the foremost and known train coaches manufacturers in the world. As you can see, these are all finished products that have been done for other cities. And I am sure, like you have seen the red ones, the ones for Lagos too, will be on this track very soon.
“We are indeed excited that we are also bringing the technology back to us in Lagos. They have agreed with us, and given the number of rolling stock we are procuring, there is a need for us to have a joint maintenance conversation. And we have seen that indeed, when we collaborate like this, we are not just doing procurement, we are actually doing knowledge and skill transfer. Lagos still expects a whole lot more.
“A train is not something you just buy off the shelf. We were not as lucky as when we were in Milwaukee, which was produced for a particular city, but we had to just pay the premium and take it off. It usually takes between two to three years for you to finish the manufacturing because each one of them has its specifications, the platform and the load that you require.
“They have done the Blue line before. So, in less than a year, we are going to still have a tough discussion with them. Before the end of the year, we are expecting that some of the rolling stock will start coming in. And the final bid should come in early next year. We are ready for them. This is the best we can get in terms of delivery time.”
Governor Sanwo-Olu also disclosed that President Bola Tinubu will flag off the Red Line in last week of February based on expectations from the President.
He said: “We are ready for the flag off of the Red Line. We are waiting for Mr. President. The President is still promising us this month February for us to formally flag it off. We have started doing a lot of testing.
“We have some rolling stocks already. We have started doing some bit of testing and if the President is able to check his calendar and give us last week in February, we are waiting for him. And thereafter, we would probably cross the ‘t’ and dot the ‘i’ to ensure that we have enough safety to begin to carry passengers.”
News
Senate confirms Oyedele as minister
During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.
The Senate has confirmed the nomination of Taiwo Oyedele as Minister of State for Finance.
His confirmation comes after two hours of screening as lawmakers grilled him on various aspects of the economy.
Oyedele’s screening followed a motion moved by Opeyemi Bamidele, the Senate leader, after he called for the suspension of the Senate rule to allow strangers to come into the chamber.
During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.
Oyedele was escorted to the chamber by Bashir Lado, the Special Adviser to the President on the National Assembly ( Senate), alongside others.
His screening followed President Bola Tinubu’s letter to the Senate on Tuesday, requesting his confirmation as a minister.
Tinubu had, on March 3, nominated Oyedele, who currently serves as chairman of the presidential committee on fiscal policy and tax reforms, as Minister of State for Finance.
News
Tinubu appoints Lamido Yuguda as CBN’s Deputy Governor
Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.
PRESIDENT Bola Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN)
The appointment is in accordance with Section 8(1) of the Central Bank of Nigeria Act, 2007.
This was disclosed on Wednesday by the presidential spokesman, Bayo Onanuga.
The President charges Yuguda to discharge his responsibilities with renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth.
Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.
He is an alumnus of Ahmadu Bello University, where he graduated in 1983 with a B.Sc. in Accountancy.
In 1991, he obtained a master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom.
He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a CFA charterholder.
He began his career in 1984 at the Central Bank of Nigeria (CBN) as a Senior Supervisor in the Foreign Operations Department.
He also worked as an economist in the Africa Department of the International Monetary Fund from 1997 to 2001, when he returned to the CBN.
He retired from the CBN in 2016, after he had served as Director of the Reserve Management Department for six years.
News
JUST IN: IGP Disu Assigns Portfolios to New DIGs
DIG Zachariah Fera Achinyan has been deployed to Legal Services, DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.
The Inspector-General of Police (IGP) Olatunji Disu has assigned the new Deputy Inspectors -General of Police (DIGs) their duties responsibilities.
Sources said that the DIGs were assigned departments based on their areas of competence.
DIG Zachariah Fera Achinyan has been deployed to Legal Services,
DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.
Similarly, DIG Margaret Agebe Ochalla has been posted to the Force Criminal Investigation Department (FCID);
DIG Mohammed Abdul Sulaiman to Finance and Accounts; DIG Kenechukwu Onwuemelie will oversee the Force Intelligence Department (FID); DIG Fayoade Adegoke will head Information and Communication Technology, while DIG Umar Shehu Nadada has been posted to Operations departments.
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