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Governors endorse CBN’s proposal for states to access N15Tn fund

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Governors of the 36 states under the auspices of the Nigeria Governors Forum (NGF) have endorsed the proposal of the Central Bank of Nigeria (CBN) for states to access N15trillion for national infrastructure funding through INFRACREDIT at a lower interest rate of five per cent.
Chairman of the Forum and Ekiti State Governor, Dr. Kayode Fayemi, who disclosed this yesterday in Abuja, maintained that members also endorsed the proposal by the National Infrastructure Investment Fund (NIIF), under the auspices of the Nigeria Sovereign Investment Authority (NSIA), to access a total sum of N2trillion at nine per cent interest.

According to him, the resolution came after Kaduna State Governor Nasir El-Rufai, who is the Chairman of the National Economic Council (NEC) Adhoc Committee on Leveraging Portion of Accumulated Pension Funds for Investment in NSIA, briefed the Forum on the proposals.

Fayemi noted that both were not mutually exclusive and could be adopted simultaneously with one streaming into the other, adding that the NGF has agreed to meet with. President Muhammadu Buhari as soon as possible to address security challenges across the country, particularly in the light of the recent massacre in Borno State.

Godwin Emefiele
CBN Governor

He said the Forum was intervening in resolving the lingering strike by the Academic Staff Union of Universities (ASUU) and has secured certain concessions from the Federal Government with the hope that the strike would be called off very soon.

The NGC chairman stated that members encouraged the Federal Government and ASUU to hasten the implementation of the truce elements in their resolutions, so as to allow schools to reopen immediately.

Other resolutions by the members, according to Fayemi, include: “Support the necessary reforms that will result in a Police Force that works for all.

“As an immediate to medium-term measure, members agreed to pay close attention to the conduct of Police officers across the country to get them and other internal security operatives fully back to work, as they have not been functioning to full capacity since the #EndSARS protests, with the attendant security exposure to the safety of lives and properties of the ordinary citizens.

Kayode Fayemi
Chairman, Nigeria Governors Forum

“Maintain its stance that stamp duties belong primarily to States and the various collection platforms are channels of payment to the States while aligning with the guidance provided by its lawyers and experts.

“Direct State attorneys general to review the Water Resources Bill and send their input to the Nigeria Governors’ Forum Secretariat as quickly as possible.

“Agree to keep active and operational, the State COVID -19 Task Force Teams and Emergency Operation Centers (EOCs), in addition to ensuring the prompt release of funds, as outlined in the State Incidence Action Plans (IAP), keeping temporary treatment centres open, ramping up COVID-19 testing across the country and support the planned ‘COVID-19 Testing Week’ to be launched by the PTF.

“Commit to achieving the second Eligibility Criteria (EC) requirement of publishing online, their approved FY21 Annual State Budget, prepared under the National Chart of Accounts, by January 31, next year.”

The governors also restated their commitment to implement reforms associated with the programme, including the deployment of a Geographic Information System (GIS) technology to support effective land administration and an efficient property tax system, as well as to inaugurate the NGF-NESG Economic Roundtable (NNER) Steering Committee, whose technical committee is to commence the implementation of the strategic plan, among others.

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Man punches nurse in the face multiple times after his wife is vaccinated for Covid

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Police are looking for a man in Canada they say punched a nurse in the face multiple times, knocking her to the ground after she administered a Covid-19 vaccine to his wife without his permission.

On Monday, around 9:15 a.m., a man walked into a Brunet Pharmacy in Sherbrooke, a city in southern Quebec, and accused a nurse in her 40s, who police have not named, of vaccinating his wife, Sherbrooke Police spokesman Martin Carrier told CNN.

“Right at the beginning, the suspect was very angry, very aggressive, he asked the nurse why she vaccinated his wife without approval, without his consent,” Carrier said. “And he punched her right in the face multiple times so the nurse didn’t have the time to defend or explain herself … and she fell to the ground and the suspect left running out of the drugstore.”

There are no laws in Canada that say individuals need their spouses’ permission to get vaccinated, and it is unclear if his wife had given consent.

The nurse was taken to a nearby hospital by ambulance where she was treated for the “multiple injuries to the face” he said.

As a result of the incident, the pharmacy told CNN partner, CBC, that they suspended vaccinations. CNN reached out to the pharmacy but they refused to comment on whether or not vaccinations were being administered Thursday.

Brunet Pharmacy’s parent company, The Jean Coutu Group Inc., also declined to comment but told CNN they “fully condemn this act which is unacceptable towards the pharmacy teams who have been providing essential services since the beginning of the pandemic.”

Canada has vaccinated 69.8% of its population, surpassing the US by 15.6%, according to data from Our World in Data, seen in CNN’s vaccine tracker.

Although most Canadians have welcomed public health measures and the country has one of the highest vaccination rates worldwide, case counts and hospitalizations are on the rise, according to the Public Health Agency of Canada, especially among younger, unvaccinated Canadians.

Police do not have a name or photo of the suspect or security footage of the incident, Carrier said. They do however have a description of the man and are hoping with the public’s help, they’ll be able to identify him and charge him with assault.

The suspect is described as, 30 to 45-year-old-man, 6-feet tall, medium build with darker skin, short brown hair, thick eyebrows, two small ear piercings on each ear and a tattoo on his hand that appeared to be in the shape of a cross, Carrier said

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NPA vows to upgrade country’s maritime hub status

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Rotimi Amaechi, Minister of Transportation

In a statement issued on Sunday in Lagos by NPA General Manager, Corporate and Strategic Communications, Mr Olaseni Alakija, Bello-Koko disclosed this in Abeokuta, Ogun,  at the first retreat for the reconstituted board of directors.

The theme of the retreat was “Expanding the Frontiers of Service Excellence.”

He noted that investments in modern deep seaports would attract very large merchant vessels with the attendant multiple socio-economic benefits, as well as boost port revenue performance.

The statement said Bello-Koko disclosed that a lot had been done, especially in the last few months, to resolve most of the identified constraints to the efficient movement of cargoes to and from ports.

Such efforts, he said, were in line with the new direction and measures being put in place to actualise NPA’s aspirations,

“Nigeria accounts for about 70 per cent of cargoes imported into West and Central Africa and the country controls an impressive stretch of the Atlantic Ocean.

“Nigeria’s rich aquatic endowments and her border with landlocked nations makes development of deep seaports a huge potential revenue earner for the nation.

“The move towards earning the status of hub in the region is in line with our new vision statement.

“This was adopted at the recent NPA Management retreat with the theme ‘To Be The Maritime Logistics Hub For Sustainable Port System In Africa,” he said.

The statement said the acting managing director described the board retreat as very timely, as it signposts a unity of purpose and shared vision.

According to him, the vision is one in which the executive management works closely with every section, unit, department, division and directorate and embraces an all-inclusive strategic outcome for the organisation with the requisite buy-in of the board.

“In appreciation of this, I will like to crave the understanding of the board with regards to the executive management’s limitations in actualising some of our goals and objectives, which I am sure distinguished board members must have noticed in the course of the tour of ports that preceded this retreat,” he added.

The NPA boss informed the board that recent interventions made by the authority had led to significant improvement in terms of ship and cargo dwell time at the ports.

He, however, explained that some of the benchmarks which were yet to be achieved were dependent on “externalities and variables” that required concerted inter-agency actions.

He said that NPA, despite dogged efforts, has yet to optimally achieve the said benchmarks due to systemic administrative constraints and red-tape.

He enumerated the constraints as conflicting directives from the agencies operating within the ports and reporting to different supervising ministries with jurisdictional overlaps and duplications of functions.

He informed the board that concerted efforts were being made to expand NPA’s revenue streams, in addition to revenue from traditional port operations.

According to him, unlike the practice in sister Francophone countries where government funds the dredging of ports, the NPA was responsible for funding its.

This, he said, has put a lot of strains on its resources and capacity to invest in critical port infrastructure.

“We are facing decaying port infrastructure, for example, sections of the quay aprons or walls at the Tin Can Island Port, Onne, Delta and Calabar Ports are collapsing and require huge funds to repair them.

“With the increasing pressure to remit more revenue to the Consolidated Revenue Fund (CRF) of the federation, it has become very difficult to have sufficient funds to attend to these decaying facilities.

“There is then the need to explore alternative funding sources outside the traditional port service offerings,” he stated.

Bello-Koko explained that the authority was blessed with prime real estates which could serve as alternative funding sources outside the regular budget.

“NPA has a lot of high value landed properties in Onne, Snake Island, and Takwa Bay that are designated free trade zones.

* Apapa Wharf

“They are mostly allocated but burdened by poor arterial road network and other infrastructure to make them attractive for private investments which would bring good revenue to the authority and the Federal Government.

“Management will need the support of the board to drive the process of alternative revenue sources to actualise the lofty aspirations of the authority,” he said.

The Acting MD also disclosed that management had opened correspondence with some multilateral financial institutions such as the French Development Agency (AFD), African Development Bank (AfDB), European Investment Bank (EIB) and Sanlam Infraworks (a Central Bank of Nigeria approved fund manager for InfraCorp).

He explained that these were all part of plans to access long term low interest credits for port infrastructure upgrades and expansion.

“In making the Nigerian seaports more business friendly, we have been able to deploy technology to address the perennial traffic gridlock that has been frustrating the conduct of business around the Lagos ports corridor.

“A software application code named “eto” is gradually restoring sanity to trucking business despite the initial teething problems and resistance by vested interests hitherto profiting from the chaos.

“The authority has accredited 33 private truck terminals within the Lagos area, in addition to the Lily Pond Truck Transit Park and Tin Can Island Port Truck Transit Park, to ensure trucks do not park indiscriminately on the access roads.

“The trucks would only be allowed to transit to the port after obtaining electronic tickets via the “eto” call-up platform and the authority is collaborating with the Lagos State Government to ensure enforcement and compliance with the e-call up system, he said.

He added that other solutions being implemented was the push to link all seaports to the national rail network, as well as optimise the use of the inland waterways through the transfer of cargo or containers via barges.

Bello-Koko said that currently the authority was streamlining barge operations to ensure efficiency, safety and cost effective cargo delivery for increased port revenue.

He said that the Bonny Seaport project in Rivers, boosted by two major railway projects, would massively transform the economic landscape of the country, particularly the South-South and South-Eastern regions.

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BREAKING: Former CBN Deputy Governor Obadiah Mailafia Dies at 64

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A former Deputy Governor of the Central Bank of Nigeria, Dr. Obadiah Mailafia, has passed on at the age of 64.

Mailafia, who was a columnist with The PUNCH was said to have died at midnight after a brief illness.

The former deputy governor, who was the Presidential candidate of the African Democratic Congress in the 2019 election, was a known government critic and had advocated for public sector and exchange rate reforms.

Mailafia was born on December 24, 1956, in the Sanga Local Government Area of Kaduna State.

He later graduated top of his class at Ahmadu Bello University, Zaria, in 1978 with a First Class B.Sc.Honours Social Sciences degree (Politics, Economics, and Sociology). He also has an M.Sc. from the same institution.

He subsequently won a French Government Scholarship to France, where he earned a Certificate in French Language and Civilisation from the University of Clermont-Ferrand in 1985.

Mailafia later proceeded to the United Kingdom as a Foreign and Commonwealth Office Scholar at Oriel College, earning a DPhil from the University of Oxford in 1995.

He joined partisan politics in 2018 amid the rising killings in Southern Kaduna.

Despite losing, he remained an ardent government critic and got into trouble with the regime of the President, Major General Muhammadu Buhari (retd.), when he alleged that a northern governor was a Boko Haram commander.

This earned multiple invitations by the Nigeria Police Force, forcing him to recant his statement.

In his last interview with The PUNCH, Mailafia said the refusal of the CBN to sell foreign exchange to bureau de change operators may not yield the expected result because corrupt bankers would frustrate it while the BDC operators were being shielded by a “Jigawa cabal”.

He had also lamented that Nigeria was operating a “dollarised” economy which was hampering economic growth.

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