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Dollar May Hit N2,000 Before Christmas — Atiku’s Aide Warns As Naira Crashes To N1,310

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Daniel Bwala, one of the spokespersons for former Vice President Atiku Abubakar, has expressed concerns that the Nigerian Naira may face a daunting depreciation, possibly reaching an alarming exchange rate of N2,000 to a US dollar before the upcoming Christmas season.

The prediction is coming amid the continued free fall of the naira at the unofficial market.

Bwala lamented that despite President Bola Tinubu’s inauguration of former World Bank official, Wale Edun, as Nigeria’s Minister of Finance and Coordinating Minister of the Economy, along with Yemi Cardoso as Governor of the Central Bank of Nigeria (CBN), the country has not seen substantial improvements in its economic conditions.

Taking to social media, Bwala tweeted, “The way the economy is sinking, if serious care is not taken, by Christmas, the dollar would sell for N2,000. Everything rises and falls on the naira value.”

The former opposition Peoples Democratic Party (PDP) presidential spokesman questioned the effectiveness of the high-profile appointments made by Tinubu, stating, “Where are the Wale Edun and Yemi Cardoso of this world that they told us one will walk on waters and the other would turn water to wine? Big, big grammar, but no single sign of light at the end of the tunnel. Largest cabinet in the world, but only one minister is working; Dr. Olubunmi Tunji-Ojo, Minister of Interior.”

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FG Raises Duty Tour Allowances, Others for Public Officials

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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.

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Soun of Ogbomoso Urge Subjects Resident In Plateau To Promote Unity, Peace

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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.

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BREAKING: Namibia Elects First Female President

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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.

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