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Vandals destroyed newly completed second Niger bridge

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Investigations carried out by newsmen have shown that some unknown persols have reportedly vandalized the newly completed second Niger bridge.

Star news gathered that some road fittings installed on the newly inaugurated Second Niger bridge have been stolen by vandals.

A source in the works ministry confirmed the theft on Wednesday, says the expansion joint walkway on axis 330 of the bridge had been stolen.

The source said, “Unfortunately, It’s true. The stolen fitting is an element from the expansion joints of the bridge. Drivers on that road have to be careful as the damaged part can cause discomfort to motorists.”

Another source who spoke to our correspondent supported the claim, saying supervising engineers are not happy about the incident.

Former president, Muhammadu Buhari, had on May 23 commissioned the N336 billion bridge, virtually alongside seven other infrastructural projects.

Former Minister of Works and Housing, Babatunde Fashola, announced the completion of the bridge at a briefing in October 2022 after almost five decades of failed promises by successive administrations.

Efforts to reach the ministry spokesperson, Blessing Adams-Lere, for official confirmation, proved abortive, as phone calls were not responded to as of press time.

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IMF Urges Stronger Social Safety Nets to Maximize AI’s Benefit

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International Monetary Fund
– IMF warns of job losses and inequality from generative AI
– Fiscal policy crucial for equal distribution of AI benefits
– Upgrades to social protection and tax systems necessary

The International Monetary Fund (IMF) has sounded the alarm on the potential negative effects of generative AI on jobs and wealth inequality. To mitigate these effects, the IMF recommends implementing stronger social safety nets and fiscal policies.

Accordingly, governments should consider new measures to raise revenue and support workers who lose their jobs due to AI. This includes investing in sector-based training to prepare workers for the jobs of the future.

The IMF emphasizes that fiscal policy has a major role to play in ensuring a more equal distribution of AI’s benefits. However, this requires significant upgrades to social protection and tax systems worldwide.

As the IMF notes, “Fiscal policy has a major role to play in supporting a more equal distribution of gains and opportunities from generative AI.” They argue that more generous unemployment insurance and investment in sector-based training are necessary to prepare workers for the changing job market.

The IMF advises against a special tax on AI products, instead suggesting that corporate tax breaks that encourage job displacement should be reconsidered. Strengthening taxes on capital income could help offset rising wealth inequality.

 

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Police Probe US Businessman’s Sudden Demise in Lagos Hotel

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– US-based businessman Onyejekwe Izuchukwu found dead in Lagos hotel
– Police investigation underway to determine cause of death
– Autopsy to be performed to reveal more details

The Lagos State Police Command has launched an investigation into the sudden death of Onyejekwe Izuchukwu, a 62-year-old US-based businessman. Izuchukwu’s body was discovered in his hotel room in Ikoyi on June 9, 2024.

According to a source, Izuchukwu had been staying at the hotel since June 6, engaging in business activities. Tragically, his lifeless body was found by a cleaner on the floor of his room.

The hotel’s management reported the incident to the police, who have commenced an investigation into the circumstances surrounding Izuchukwu’s death. A doctor was called to the scene and confirmed the businessman’s demise.

Izuchukwu was a prominent figure in the oil and gas industry, having served as President of Bits and Drilling Tools, a division of Schlumberger. His death has sent shockwaves through the industry.

“The command has commenced an investigation into the case,” said Police Public Relations Officer, Benjamin Hundeyin. “Izuchukwu’s corpse has been deposited in a morgue in Ikeja for autopsy.”

 

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