News
CBN Was Wrog to Have Devalued Naira – Buhari
President Muhammadu Buhari is unhappy with the Central Bank of Nigeria, CBN, over what he called ”the ruthless devaluation of the Naira.”While speaking at the Ramadan breaking of fast with members of the business community ,on Monday, the president condemned “the ruthless devaluation of naira,’’ saying that he was yet to be convinced about the economic benefits of the exercise.He said
“How much benefits have we derived from naira devaluation in the past?
“I don’t like the returns I get from the CBN because that coupled with the demand that let us devalue the naira. In August 1985, the naira was N1.3k to a dollar, now you need N300 or N350 to a dollar.“What do we derive from that, how much benefit can we derive from this ruthless devaluation of the naira?“I’m not an economist neither a businessman, I fail to appreciate the economic explanation.“What has happened to us now is that we have maneuvered ourselves into a mono-economy which led to the collapse we are seeing now.“A lot of responsibilities now fall on your shoulders. You have a lot of investments, a lot of people you employ,’’ he told the businessmen.
News
FG Raises Duty Tour Allowances, Others for Public Officials
The Federal Government has approved an upward review of allowances for officers in public service.
Some of the allowances under review include Duty Tour Allowance, transport allowances, uniform allowances, and overtime allowances.
The decision was reached at the 46th meeting of the National Council on Establishment, chaired by the Head of the Civil Service of the Federation, Didi Walson-Jack.
The NCE, which serves as the highest policy-making body for public service matters, is chaired by the Head of the Civil Service of the Federation and includes the Heads of Service from the 36 states and the Federal Capital Territory.
The meeting was preceded by a two-day technical session chaired by the Permanent Secretary, Service Policies and Strategies Office.
News
Soun of Ogbomoso Urge Subjects Resident In Plateau To Promote Unity, Peace
The Soun of Ogbomosoland, Oba Ghandi Afolabi Olaoye has tasked the people of Ogbomosoland residing in Plateau State to unite and corporate with the government.of day both at the state and federal so as to move the Nation forward.
Oba Olaoye who gave the charge at grand reception organised to welcome him to Plateau State by the sins and daughters of Ogbomosho land residing in Plateau State advocated for national unity and peace of the nation.
” I urge you all to cooperate with the Government of the day and respect constituted authorities. “
” I implore that we sustain our exemplary good work ethics and strive to uphold the integrity of the land at all times,”
Olaoye urged the sons and daughters of Ogbomoso residing in the state to join hands in supporting his quest to develop the town.
He said, “To achieve this, it’s crucial that the indigenous people embrace their town with love and pride. I believe this is the foundation for meaningful growth.
He said to achieve a great country, Nigerians must commit to patriotism and rededication to the ideals of nation-building.
Speaking further, Oba Olaoye said” I did not know I was going to be King, until God revealed it to me, and that was the reason why I left the United States of America. “
Oba Olaoye emphasized that his aim is to put Ogbomosho in its rightful place and that there is the need for the people in the town to unite with him for the development of the town and that it was God that sent him to rebuild the city and to work for the progress of the city.
“ We are working to ensure that Ogbomosho would be different. In terms of development, Ogbomoso will be different in terms of peace, Ogbomoso will be different. I want you to know it is a new thing in Ogbomosoland.
“We cannot solely rely on the government. While the government will contribute significantly, much of the effort will come from us. It is time for us to unite, roll up our sleeves, and work together to develop our town.”
Speaking earlier the Asiwaju Yoruba of Plateau Chief Olajide Olagbemiro welcomed the Traditional ruler to the state and restated their commitment to peaceful coexistence with their host communities.
Jide said, “The Yourbas are peaceful people who obey constituted authorities .
We would continue to stay peaceful with our host communities, he added.
Our correspondent reports that the Soun of Ogbomosholand also paid a courtesy call on his Royal highness Da Jacob Gyang Buba, the Gbong Gwom Jos.
Foreign
BREAKING: Namibia Elects First Female President
Namibia’s ruling SWAPO party was declared winner Tuesday of last week’s disputed elections, ushering in the southern African country’s first woman president after a disputed vote that the main opposition has already said it does not recognise.
Vice-President Netumbo Nandi-Ndaitwah took just over 57 percent of ballots followed by the candidate for the main opposition Independent Patriots for Change (IPC) with 25.5 percent, the election authority announced.
Nandi-Ndaitwah, 72, becomes the first woman to rule the mineral-rich southern African country that has been governed by the South West Africa People’s Organisation (SWAPO) since independence in 1990.
The November 27 election was extended twice as logistical and technical problems, including a shortage of ballot papers, led to long queues.
Some voters gave up on the first day of voting after waiting for up to 12 hours.
The IPC has already said this was a deliberate attempt to frustrate voters and it would not accept the results of the elections.
Its presidential candidate Panduleni Itula, 67, said last week there were a “multitude of irregularities”.
No matter the result, “the IPC shall not recognise the outcome of that election”, he said on Saturday, the last day of the extended vote.
Opposition Rejects Poll
Itula said the IPC would “fight… to nullify the elections through the processes that are established within our electoral process”.
An organisation of southern African human rights lawyers serving as election monitors said the delays at the ballot box were intentional and widespread.
The Electoral Commission of Namibia (ECN) admitted to failures in the organisation of the vote, including a shortage of ballot papers and the overheating of electronic tablets used to register voters.
Of the nearly 1.5 million registered voters in the sparsely populated country, nearly 77 percent had cast ballots in the presidential vote, it said Tuesday.
The election was seen as a key test for SWAPO after other liberation-era movements in the region have lost favour with young voters.
In the past six months, South Africa’s African National Congress lost its parliamentary majority and the Botswana Democratic Party was ousted after almost six decades in power.
Namibia is a major uranium and diamond exporter but analysts say not many of its nearly three million people have benefited from that wealth in terms of improved infrastructure and job opportunities.
Unemployment among 15- to 34-year-olds is estimated at 46 percent, according to the latest official figures from 2018, which is almost triple the national average.
Nandi-Ndaitwah, a SWAPO stalwart known by her initials NNN, will be among the few women leaders on the continent.
The conservative daughter of an Anglican pastor, she became vice president in February this year.
-
News10 months ago
Hardship: We Plan To Establish A National Commodity Board To Crash Food Prices – VP Shettima
-
News7 years ago
Blog Reader; Samson Osagiede Celebrates Fiancè Benedicta Daniels’s Birthday With Sweet Words
-
Home8 years ago
News Channel claims Donald Trump is an orphan from Pakistan,share alleged childhood photo
-
Home8 years ago
Oil Spillage: House of Reps Member Shares Photos of the Water her Constituents Drink .
-
Home8 years ago
Another $175m Found in Patience Jonathan’s wife’s firm’s Bank Account
-
Home8 years ago
Zara Buhari & Ahmed Indimi’s Wedding Access Card
-
News7 years ago
The Best Video You’ve Seen Today?
-
Sport6 years ago
Modric, Marta Wins 2018 FIFA Best Player Of The Year Awards ⚽️