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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.
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I Was Expelled From School Because Of Fela Kuti – Movie Director, Andy Boyo
Renowned movie director and patron of the Directors Guild of Nigeria (DGN), Andy Boyo, has shared how he was expelled from school because of the legendary Fela Anikulapo Kuti.
Fela, a Nigerian artist and political advocate, passed away in Lagos, Nigeria, in 1997 at 58
Fela is seen as the main creator of Afrobeat, a Nigerian music style that mixes West African rhythms with American funk and jazz.
Boyo, however, is preparing to bring the iconic life of the Afrobeats legend to the silver screen in a much-awaited biographical film.
After three years of planning, Boyo has obtained the rights to the music and is ready to begin filming in Nigeria, the UK, and the US in 2025.
Rumours suggest the high-profile movie will have an extensive cast, including 27 actresses portraying Fela’s wives.
Boyo, recognized for his successful films such as “Untamed” and “Spirit of Assassins,” will also direct, write, and produce the biographical film.
Speaking on his love for Fela and the project he is working on.
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‘‘Not an inch of our land will be ceded to Lagos, Ondo” – Gov Abiodun
Ogun Governor, Dapo Abiodun, has assured the people of Waterside Local Government that his administration would not cede any part of the state to other states in the country.
Governor Abiodun gave the assurance at a meeting with representatives of the local government, made up of traditional rulers, technocrats, and prominent government functionaries, at Government House, Abeokuta.
The former Commissioner for Education, Science and Technology, Prof. Segun Awonusi, said the governor has taken note of reported incursions into parts of the state from neighbouring states and has taken steps to address the issue.
Prof. Awonusi said: “We have come here to discuss the affairs of the local government with the governor. We appreciate him for what he has done so far, and we urge him to do more.
“Because of reports of incursions from Lagos and Ondo states on Ode-Omi and Makun to seize parts of our land, the governor has promised that he will ensure that not an inch of Ogun State is lost to any other state.
“He has also promised to provide adequate security so that our people can live in peace.”
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Tinubu’s Tax Reform Bill Doesn’t Discriminate Against The North -Shehu Sani
“The Tax reform Bill is not inimical to the North or any part of this country. Its in fact economically beneficial and fair to all parts. People should keep aside sentiments and read the Bill carefully. Its a comprehensive and bold move to harmonise and simplify tax administration and streamline it’s operations and enforcement.
“The Bill will actually generate and safeguard more revenue to the states. It will also combat the corruption in the so called tax waivers granted to business cabals. There is nowhere in the document where any region will be shortchanged or taxes will be increased or jobs will be lost.
“Northern Governors should rescind their decision to reject the Bill, take time to read it and make inputs where necessary. NASS must treat this important Bill with all seriousness. Just read the content of the Bill.” -Senator Shehu Sani
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