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Govt Unveils New Jerseys For Edo Queen, Bendel Insurance, Introduces Sports In Primary, Secondary Schools Curriculum

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The Edo State Government says it has introduced sports as part of the curriculum in primary and secondary schools across the state as a fundamental step to cultivate young talents.

The governor of the state, Mr Godwin Obaseki who was represented by his deputy, Comrade Philip Shaibu, disclosed this at the New Festival Hall of the Government House, Benin City at a ceremony to unveil new Jerseys for the state’s football clubs, Edo Queens and Bendel Insurance.

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A Nigerian construction firm, Peculiar Ultimate Concern Limited is sponsoring the female Team, Edo Queens while Sterling Bank is sponsoring it’s male counterpart, Bendel Insurance.

He said the Godwin Obaseki led adminstration has been working on providing enabling environment that will ensuring the organized private sector takes over the exclusive funding of sport, particularly football as the case in other parts of the world.

The Deputy Governor told the gathering that the administration was plotting a graph that would ensure that sport funding in the state was taking over by the Private sector.

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“Now our graph is at between 90-10 and 80-20, but we are working towards a situation where the graph will be 10-90, meaning that government would only be responsible for 10% of the funding and the Private sector 90% until we achieve a situation where full value of the game is maximally explored, not just as entertainment, as viable commercial and income generating tool”.

He added: “In developing sports in Edo State, we have made it part of the curriculum in our primary and secondary schools. In our public schools, we will dedicate Wednesdays for sporting activities. It will also be part of the continuous assessment in our schools. The era for sports scholarship is back to Edo State.”

The Managing Director, Peculiar Ultimate Concern Limited Company, Engr Lanre Adeleke, who alongside his wife, Barrister Adeleke was at the unveiling of the new Jersey told the gathering that the sponsorship of the women’s football club was to further establish the company’s belief that patronage of the nation’s local content would not only reduce unemployment, but would also douse youth unrest and enhance the image of the country in the international space.

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Engr Adeleke believed that apart from this, “the sponsorship of a women football team by our company; which is purely Nigerian in all sense, is another major avenue to build capacity of women, show that women could do more unimaginable exploits and accelerate national development with their contributions in sport, academic and politics among others if given the opportunity”.

The Managing Director of Peculiar Ultimate Concern Limited also lauded the Edo State government under Governor Godwin Obaseki for his resolve to promote sport for development.

On his part, the Executive Director of Sterling Bank, Mr Tunde Adeola said the Bank would continue to invest in Bendel Insurance football team because the bank believed in its capacity to for quality football.

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The unveiling ceremony was witnessed by the secretary to Edo State Government, Hon Osarodin Ogie Esq, Chairman of the State Sport Commission, Hon Yusuf Alli, and Edo State Chief Judge, Hon Justice Joe Acha among other dignitaries including Ex-internationals and football enthusiasts.

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JUST IN: IMF ask CBN to extend Feb 10 deadline for old naira notes

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By Francesca Iwambe

The International Monetary Fund (IMF) has advised the Central Bank of Nigeria (CBN) to extend the February 10 deadline for the use of old naira notes if the difficulties in getting new notes persist.

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According to the IMF, the call become necessary as the development had led to the disruptions to trade and payments due to the shortage of new noted in the bank.

The call was contained in a statement made available to journalists on Wednesday.

“In light of hardships caused by disruptions to trade and payments due to the shortage of new bank notes available to the public, in spite of measures introduced by the CBN to mitigate the challenges in the banknote swap process, the IMF encourages the CBN to consider extending the deadline, should problems persist in the next few days leading up to the February 10, 2023 deadline,” the statement reads.

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BREAKING: Supreme Court suspends February 10 deadline for naira swap

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By Francesca Iwambe, Abuja

The Supreme Court of Nigeria has restrained the Central Bank of Nigeria (CBN) and Federal Government from ending the legal tender statuses of old N200, N500 and N1000 banknotes on February 10, 2023.

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The apex court made the order following the suit filed by three State governments challenging the Naira swap policy.

Recall that governments of Kaduna, Zamfara and Kogi States had approached the Supreme Court seeking an order to stop the policy.

Naijablitznews.com will bring you more details shortly

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CBN captures more Communities as currency swap is continuous in Taraba

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Emmanuel Awari-Jalingo

The Central Bank of Nigeria (CBN), on Friday extend her currency swap exercise to more Communities of Yorro, Ardo-Kola and Ibi local government areas of Taraba state.

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The Director Financial System Strategy, Central Bank of Nigeria, Ibrahim Hassan who disclosed this to our correspondent in Jalingo said, the development was in continuation of the CBN initiative targeted at ensuring that all rural dwellers in Taraba have their old naira notes swapped to new ones or deposited in banks before the extended CBN deadline for currency swap.

Hassan noted that the currency Swap Initiative was to help save communities who do not have access to bank, swap their old naira notes to the new notes.

“Just as we have been doing to ensure that people in the rural Communities of Taraba who do not have access to Bank have their old naira notes swap to new ones. CBN delegation have been drafted to more Communities of Yorro, Ardo-Kola and Ibi local to ensure success of the initiative.

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“CBN delegation for Yorro is led by Mr Jackson Imandi, the Deputy Director, the one Ardo-Kola is led by Mr. Kazeem Olatinmu while the one in Ibi local government is been led by the CBN Head of Banking Services in Taraba State, Hayatu Yahaya Shehu to ensure the villagers gain advantage of the Ten days extension for the currency swap” Hassan explained.

When contacted, the chief of Mumuye in Yorro local government, Ado Adamu Manang, that of Ibi, Abubakar Salihu Danbaw and some beneficiary of the exercise in Ardo-Kola local government, Mohammed Musa, Hafsatu Babangida and Isa Mahmud, commended the central Bank of Nigeria for the exercise as it was the best for villagers and promised to help create massive awareness for people to swap their old naira notes to the new ones.

According to them, businesses were already collapsing as people were no longer accepting the old naira notes even before the extended window.

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