Politics
Nigerian Senate urges CBN to Relax Forex Policy
He gave this charge during a meeting with the Managing Director of the International Monetary Fund, IMF, Christine Lagarde, disclosing that small businesses were being made to suffer unnecessarily as a result of the policy.
He called on the apex bank to introduce a more flexible foreign exchange regime and reduce the present restrictions on the autonomous market, which does not allow business men bring in foreign exchange or utilise what they have in their accounts.
The Senate President had equally canvassed a similar view at a private meeting with CBN Governor, Mr. Godwin Emefiele, during which he implored him to consider the effects of the present forex regime on small businesses which were dying, following dwindling crude oil revenue.
Saraki also told Lagarde that “The IMF should support our CBN to bring in low interest loans to SMEs. We need to encourage entrepreneurs and make most of our new graduates job creators rather than job seekers. This is an area where we need the financial support and technical assistance of the IMF.”
He explained that his office had received numerous complaints from small business owners, complaining that their businesses were being threatened by the huge bottlenecks now involved in doing business.
“As legislators, we play an important role in making our people understand IMF’s advice, policy trade-offs, consultations and other engagements, so that ownership, transparency and accountability are brought to bear on economic policy choices.
“The Nigerian legislature strongly believes that having a collaborative working relationship with the Executive Branch of government brings development closer to the people.
“Since the advent of the new administration, we have worked closely to stabilize the economy and steady the fiscal environment. This, we have indeed demonstrated by the speedy passage of the Medium Term Expenditure Frame Work (MTEF) and recently in the postponement of our recess in order to receive President Muhammadu Buhari to present the 2016 Appropriation Bill.
“The purpose of our Legislative Agenda is to enable us focus our lawmaking in areas that will help create jobs, expand our infrastructure base and make our economy work for the benefit and happiness of the majority of our people.
“Pivotal to the attainment of this objective is the state of the Nigerian business environment. In collaboration with major stakeholders, the 8th Senate is presently signing a memorandum of understanding on Enhancing Nigerian Advocacy for Better Business Environment Project, a National Assembly business and investment roundtable initiative, with developmental organizations”, the Senate President said.
The Senate President used the occasion to call on the Central Bank of Nigeria (CBN) to ensure that in reacting to recent developments in the economy, it does not devalue the Naira for the mere sake of devaluation.
News
Nigerian Army Lacks Equipment to Combat Boko Haram – Governor Zulum

Governor Babagana Zulum of Borno State has raised concerns over the Nigerian Army’s insufficient equipment in the fight against Boko Haram insurgents. According to him, the insurgents are now leveraging advanced technology, putting Nigerian soldiers at a disadvantage.
“Recently, I met with the Chief of Army Staff who revealed that the Army needs 32 drones to effectively combat the insurgency,” Zulum said. “Each drone costs about $5.5 million. We must pool resources to acquire them and prioritize national security.”
The governor also stressed the importance of transparent procurement processes. “We need to focus on direct, government-to-government procurement of military equipment, both hardware and software, to ensure value for money,” he said. “Contractors often fail to deliver when funds are handed over to them.”
Zulum called for unity and cooperation between the federal and state governments. “If we are truly committed, this insurgency can be ended in six months. We must not politicize security issues. The Federal Government must listen and act.”

News
Tinubu’s Reforms Have Significantly Reduced Poverty in Northern Nigeria — Governor Uba Sani

Governor Uba Sani of Kaduna State has lauded President Bola Ahmed Tinubu for what he described as transformative efforts that have led to a significant reduction in poverty across Northern Nigeria, particularly in the North-West region.
Speaking on the impact of federal government interventions under the current administration, Governor Sani noted that prior to President Tinubu’s tenure, poverty levels in the region were alarmingly high, with estimates ranging between 65 and 70 percent.
“Over the last two years, President Tinubu has initiated key reforms and strategic interventions that go far beyond short-term relief measures,” the governor stated. “We are not merely referring to palliatives — we are talking about deep, structural support that addresses the root causes of poverty.”
Governor Sani emphasized that no administration in recent memory has committed as robustly to agricultural development as that of President Tinubu. He highlighted various initiatives, including extensive fertilizer distribution, financial assistance to smallholder farmers, and large-scale monetary support allocated without political bias.
“These initiatives have not only boosted agricultural productivity but have also contributed to job creation, improved rural infrastructure, and the overall reduction of poverty in many communities,” he added.
The governor concluded by asserting that these targeted interventions are laying the groundwork for sustainable economic growth and social inclusion, especially in underserved and rural areas.

News
Wike Urges PDP to Clarify Zoning Arrangement Ahead of 2027 Presidential Election

Former Governor of Rivers State, Nyesom Wike, has called on the leadership of the Peoples Democratic Party (PDP) to be transparent with Nigerians regarding the zoning of its presidential ticket ahead of the 2027 general elections.
Speaking on the party’s internal crisis and past decisions, Wike criticized the PDP for allegedly abandoning its established tradition of power rotation between the North and South. He recalled that in 2023, despite the understanding that once a particular region produces the party chairman, the other should produce the presidential candidate, some leaders chose to manipulate the process for selfish reasons.
“They refused to zone the presidency and allowed aspirants from the same region to emerge as both party chairman and presidential candidate,” he said. “We warned them then that ignoring zoning would have consequences, but they dismissed it with arrogance.”
Wike further questioned the party’s current stance as it heads into its national convention. He alleged that there are attempts to zone the party chairmanship to the South again, which, he believes, would be a strategic move to deny the South the presidential ticket in 2027.
“Why not come out now and declare that the South will produce the 2027 presidential candidate, especially since the South currently holds the national presidency?” he queried. “This continued game of political trickery will only lead to another disaster for the party.”
He urged PDP leaders to abandon what he described as political “smartness” and embrace openness and fairness. “Let Nigerians know where the party stands now. Don’t wait until it backfires again and start pointing fingers. I’m saying it clearly — I won’t support this kind of manipulation,” Wike warned.

-
News1 year 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
-
Home9 years ago
News Channel claims Donald Trump is an orphan from Pakistan,share alleged childhood photo
-
Home9 years ago
Another $175m Found in Patience Jonathan’s wife’s firm’s Bank Account
-
Home9 years ago
Oil Spillage: House of Reps Member Shares Photos of the Water her Constituents Drink .
-
Home8 years ago
Zara Buhari & Ahmed Indimi’s Wedding Access Card
-
News7 years ago
The Best Video You’ve Seen Today?
-
Sport7 years ago
Modric, Marta Wins 2018 FIFA Best Player Of The Year Awards ⚽️