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Wike donates N200 million to Ariaria traders

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Gov Nyesom Wike of Rivers State, has donated a whopping N200 million largesse to traders affected by the on-going remodelling works at the Ariaria International Market, Aba, Abia State.

This was disclosed yesterday by Gov. Okezie Ikpeazu during while inspecting the progress of works at the A-Line section of the market.

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He explained that his Rivers State counterpart expressed his sympathy and support to the traders who were displaced as a result of the ongoing work.

Describing Wike as a dependable friend who has stood by him and Abia people, Ikpeazu explained that he had informed the Governor about the ongoing work and he pledged N200 million to assist the traders re-acquire their shops after the reconstruction.

He commended the contractor handling the remodeling works, Blessed Henken International Company, for working in line with specifications and interpreting the government’s vision for the market and urged him to increase the pace of work to ensure early completion.

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Ikpeazu explained that the quality of remodelling work at the market has vindicated his interventionist move to remodel Ariaria market after more than 40 years to make it a true international market.

The Governor who also donated N100 million to the traders explained that the donations are for the first 600 original shop allottees to enable them recommence business.

Ikpeazu also said he was working hard to complete the new Government House Umuahia before leaving office in May.

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“Yesterday, I inspected a brand new government house in Umuahia. The Dr. Okezie Ikpeazu administration is the one that will bequeath a new Government and remodeled A-line in Ariaria International market to the state.

” I take regular visits to inspect projects where I spend money. You need to put speed but don’t compromise quality because my people deserve the best.

“I told my friend, the Governor of Rivers State, Barr. Nyesom Wike, that I’m going to visit Ariaria traders. He was aware that Ariaria international market is being remodelled.

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” I have friends who can assist my people and one of them is Gov. Wike. He gave me a message for Ariaria traders. The message he asked me to deliver is that he will pay N500, 000 each for 400 original allottees who are affected by the remodelling works at the market.

“What this means is that he gave N200 million to the concerned traders. The contractor will have to deduct it from the money to be paid for shops by the traders.

“Yesterday, I also approved some money to the traders. I approved the sum of N100 million. This money will also be deducted from the money to be paid for the shops.

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“What the two donations mean is that the 600 traders have paid N500, 000 each for the shops. The traders will soon pack in and they will have money to do business. The remodeling of A-line in Ariaria market is almost completed.

“We have also done Faulks (Ariaria) road and we are committed to making life pleasurable for Ariaria traders.

“I will also help the traders to complete their secretariat and commission it. For those who are coming to campaign at Ariaria market, ask them what have they done to assist you?

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” Let them provide evidence of what they have done. Don’t allow them to come and deceive you with their sweet tongue and fake promises. 2023 is the time to show full working.

First Vice Chairman of Ariaria International Market, Chief Goddy Udunna , who spoke for the executives of the market, commended the Governor for the asphalting of Faulks road and the remodeling works which has changed the face of the market.

Earlier, some of the affected traders, Obi Collins and Chiabuto Anaba, lauded Ikpeazu’s efforts in remodelling the market and for his various road projects.

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They pledged support for his senatorial bid.

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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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