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Police Blamed for Soaring Keke Transport Fares in Rantya, Jos

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Residents of Rantya and the State Low-Cost community are raising serious concerns over the rising cost of living in the area, with transportation emerging as one of the biggest challenges. Many locals say the situation has become unbearable, especially for those who rely daily on commercial tricycles (popularly known as Keke) for short-distance movement.

A typical example of the problem is the cost of short trips within the community. Passengers are reportedly charged as much as ₦200 for distances many consider easily walkable, with drivers offering little room for negotiation. “It’s a ‘pay or leave it’ situation,” one resident lamented, noting that fares in Rantya are significantly higher than in other parts of Jos.

For longer routes, the disparity becomes even more striking. A trip from Rantya to Miango Junction—barely 3.6 kilometers—costs ₦400 during the day and rises to ₦500 at night. In contrast, commuters say they pay just ₦200 for a much longer distance, from Old Airport Junction to Maiadiko in Rayfield, estimated at about 11 kilometers. This sharp difference has left many questioning what exactly is driving the inflated prices in Rantya.

Following a surge in complaints, PlateauReports conducted an investigation into the matter, speaking with both residents and Keke operators. While drivers acknowledged that fares in the area are unusually high, they insisted the situation is beyond their control.

“It is true our prices here are higher than in other places, but it is not our fault,” said Gyang, a Keke driver operating in the area.

Several other drivers echoed this sentiment, pointing fingers at the activities of police officers and other security agencies along Rantya Road as the major cause of the price hike. According to them, frequent stops, checks, and penalties imposed by law enforcement officers have significantly increased their operating costs.

One driver, Salisu, explained that Keke operators are constantly under pressure. “The police are always on our case, looking for one fault or another. No matter how small the offence, you will pay heavily for it,” he said. He added that unlike in other parts of the state, drivers on Rantya Road must ensure all their documents are perfectly in order at all times or risk being penalized.

Another operator revealed that enforcement goes beyond documentation. “Your Keke can be impounded for the type of passengers or goods you carry. Sometimes, it is even seized without a clear reason, and you must pay a lot of money to get it back,” he claimed.

Drivers say these repeated encounters with law enforcement have forced them to increase fares as a way of covering the extra costs they incur daily. “What can we do?” one driver asked. “The price we charge is mainly to help us survive the expenses caused by the police.”

The situation has continued to generate frustration among residents, many of whom are calling on the relevant authorities to intervene. They argue that while law enforcement is necessary for maintaining order, excessive or unfair practices should not translate into hardship for ordinary citizens.

As complaints grow louder, stakeholders are urging a balanced approach—one that ensures security without placing an undue financial burden on transport operators and commuters alike. Until then, residents of Rantya may continue to bear the brunt of what appears to be a systemic issue affecting both mobility and livelihoods in the area.

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Business

Tinubu speaks on Africa’s new credit rating agency

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President Bola Tinubu has welcomed the planned launch of the African Credit Rating Agency (AfCRA), saying Africa needs financial institutions that better understand the continent’s economies and risks.

The African Union has announced that the agency will officially launch on 7 October in Port Louis, Mauritius.

President Tinubu said the development was another step towards building African financial institutions capable of providing more accurate assessments of the continent’s economies.

The president disclosed this in a post on his official X account on Thursday, recalling that he had advocated for an African credit rating agency in a February 2026 Financial Times article.

He said he also raised the issue at the Africa CEO Forum in Kigali, Rwanda, in May, where he called for Africa to develop financial institutions that understand its economic realities.

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“Africa is not asking for favourable ratings. We are asking for fair ratings, grounded in our fundamentals and in the reforms our economies are actually carrying out,” he said.

Why the agency matters

Credit ratings influence how investors assess the risk of lending to countries and companies. They can also affect borrowing costs and the amount of capital available to governments and businesses.

African governments have repeatedly raised concerns about what they describe as an “Africa premium”, under which African countries may face higher borrowing costs because of how investors perceive the continent’s risks.

The three major global rating agencies, including Fitch, Moody’s and S&P Global Ratings, currently play a major role in assessing African sovereign and corporate borrowers.

President Tinubu, in an article published by Financial Times, argued that African economies were paying too much to borrow because international assessments did not always adequately capture their economic realities.

He cited a 2023 United Nations Development Programme estimate that shortcomings in credit ratings cost African countries about $75 billion annually through higher interest payments and foregone lending.

He also argued that commodity-dependent African economies could be particularly exposed to downgrades during global market downturns, even when their reserves, fiscal positions, and debt profiles remained manageable.

The proposed agency is therefore expected to provide an Africa-focused alternative by taking greater account of local economic conditions and reforms.

The African Union has said that AfCRA will operate alongside existing global rating agencies rather than replace them.

Tinubu seeks investor confidence

In his statement Thursday, the president said the establishment of an African rating agency should not be interpreted as a demand for preferential treatment.

READ ALOS: US court case on Tinubu’s past forfeiture is civil, not criminal matter – Presidency

Rather, he said, the agency must provide assessments based on economic fundamentals and the reforms being implemented by African countries.

He pointed to Nigeria’s experience, arguing that improvements in economic data, fiscal transparency and reforms had contributed to recent upgrades by international rating agencies.

However, he acknowledged that the credibility of AfCRA would ultimately depend on the quality and independence of its assessments.

“AfCRA must now earn the confidence of global capital. That confidence will rest on its independence and the rigour of its work,” he noted.

The launch is scheduled for 7 October in Mauritius, with President Tinubu saying he looks forward to the development.


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Business

NAICOM Launches ISSP to Deepen Penetration, Boost Confidence

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BY NKECHI NAECHE-ESEZOBOR—Nigerian Insurance industry regulator, the National Insurance Commission (NAICOM), on Thursday in Abuja launched the Insurance Sector Strengthening Programme (ISSP), a new initiative aimed at accelerating the transformation of the industry and Nigeria in general.

The Commissioner for Insurance/CEO, NAICOM, Mr. Olusegun Ayo Omosehin, disclosed this today in Abuja during the official unveiling, he said the programme responds to persistent challenges facing the sector, including low insurance penetration despite Nigeria’s large economy, widespread underinsurance, limited public awareness of insurance products, and untapped opportunities among women, youth, and small businesses.

According to him, the  ISSP is built around six pillars: Advocacy and Policy, Awareness and Education, Capacity Building, Gender Inclusion, Youth Engagement, and MSME and Value Chain Development.

He noted that the programme places strong emphasis on public education and financial literacy, arguing that insurance uptake is closely tied to consumer trust and understanding.

He further  highlighted plans for professional training to strengthen technical expertise across the industry, alongside targeted efforts to bring more women and young people into the insurance space through tailored products and career opportunities.

He said the initiative would extend risk protection to Micro, Small, and Medium Enterprises (MSMEs), which he described as key drivers of employment and economic productivity but currently underserved by insurance.

The Commissioner linked the ISSP to the broader Nigeria Insurance Industry Reform Agenda (NIIRA 2025), stating that it supports goals such as deepening penetration, enhancing professionalism, strengthening consumer protection, and increasing the sector’s contribution to economic growth.

While pledging NAICOM’s continued support for innovation, Omosehin stressed that growth must be matched by strict adherence to prudential standards, transparency, and prompt claims settlement, adding that market expansion would not be permitted at the expense of solvency or public trust.

He described the launch as the beginning of a new chapter for insurance in Nigeria, one built on collaboration among regulators, operators, professional bodies, development partners, and the media to expand access and rebuild public confidence in the sector.

The post NAICOM Launches ISSP to Deepen Penetration, Boost Confidence appeared first on Business Today NG.

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