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“Stop disturbing BDCs, they are not the cause of dollar rise’-Peter Obi cautions FG

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By Emmanuel Agaji

The main opposition Voice and the Labour Party Presidential Candidate in last year’s general election, Peter Obi has advised government agencies arresting Bureau de Change operators to stop because they are not the problem of the naira fall or dollar rise.

Obi said in his X handle on Sunday that the action is primitive goes to show a poor understanding of the problems.

According to the LP leader, the recent reported attacks and disruption of the business activities of Bureaux de Change (BDCs) operators in different urban centers across the country by Government Agencies, are ill-advised and wrongly directed.

“Rather than solve the problem, the action will further escalate and worsen the exchange rate situation
in the country.

“The BDCs are not the primary suppliers of forex nor do they create demand. They only provide a market to sellers and buyers of foreign currency.

“They are part and parcel of every economy and can be found even in the developed economies of the world.

“To think that the BDCs are the cause of the declining value of the Naira is a smack on rational economic thinking.

“The only way to shore up the value of our currency is to move the country from consumption to production, especially export-led production, and fight corruption, which allows unproductive money to pursue the available supply of foreign currency.

“As long as Nigeria remains an unproductive economy and corruption continues unfettered with people in possession of unproductive excess cash, the value of our currency will continue to depreciate.

“It’s important therefore that government authorities properly understand the workings of a modern economy and channel their efforts accordingly, and stop ridiculing the nation in the eyes of global economies.

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Nigerian Army wins 2024 national shooting competition

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The Nigerian Army has emerged as the champion of the 2024 National Open Shooting competition.

The Chief of Naval Staff (CNS), Vice Admiral Emmanuel Ogalla, sponsored the national open shooting championship.

The Nigerian army won a total of 10 medals in all at the end of the five-day National Championship held at the indoor sports hall of Moshood Abiola Stadium (Package B) in Abuja.

This was disclosed in a release on the Official Twitter Account of the Nigerian Army, @HQNigerianArmy, late Monday night, April 15, 2024

The press release:

The Nigeria Army have emerged champions of the 2024 National Open Shooting Championship sponsored by the Chief of Naval Staff (CNS), Vice Admiral Emmanuel Ogalla.

Nigeria Army won a total of 10 medals consisting of 7 gold, 1 silver and 2 bronze at the end of the five-day National Championship held at the indoor sports hall of Moshood Abiola Stadium (Package B) in Abuja.

The Acting Director of Physical Training, Nigerian Army, Brigadier General Abdulrahim Bello commended the shooters for putting up brilliant displays at the Championship. Brig Gen Bello said the performance of the team has further shown that the Army remains the leading agency in shooting, promising that the Nigerian Army will continue to support the growth of sports.

He said, “The Chief of Army Staff (COAS), Lieutenant General Taoreed Lagbaja will be impressed that the Nigerian Army emerged winners of the National Shooting Championship.

I want to congratulate the shooters who represented the service at the championship because they put a brilliant display against their opponents.

“The Nigeria Army will ensure we continue to give support to our athletes in order to get maximum output. We have loads of sporting activities in the coming months and I want to assure you that the Nigerian Army will not relent in the quest to dominate Nigeria and Africa at large”.

The team Capture/Coach, Major Oluremi Olusegun also appreciate Brigadier General Bello for his consistent support and guidance given to the team.

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Despite Claims Of Subsidy Removal, Tinubu Has Spent Trillions Of Naira Since May 2023 To Subsidise Same Fuel – El-Rufai Blasts President

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Nasir El-Rufai, the immediate past governor of Kaduna State, has stated that the President Bola Tinubu-led administration has been subsidising petrol known as Premium Motor Spirit (PMS) since its inception in May 2023.

He affirmed that the development has so far cost the present administration trillions of naira since inception, adding that if not because of the subsidy payments, the price of petrol per litre could have been much higher than the diesel.

Diesel is currently sold above N1000 depending on the location, compared to PMS which is about N600 to 750 per litre.

El-Rufai made this known while speaking on Monday in Maiduguri, Borno State at the occasion of a Capacity Building Workshop at the International Conference Centre, Musa Usman Secretariat, Maiduguri.

The workshop is meant for Enhancing Skills of Government Officials in Policy Implementation and Productive Human Management Resources for honourable Commissioners, Chief Advisers and Special Advisers, Senior Technical Advisers, to Governor Babagana Zulum, Heads or Chief Executives of Agencies and Departments, Tertiary Institutions and local government Chairmen.

El-Rufai said, “A good leader must be decisive and have the ability to make good decisions, trustworthy, empower others irrespective of political, religious or ethnic considerations, have clear communication skills and resilient in all ramifications.

“Though it is too early to judge the present administration, it is just been there for only nine (9) months, and you know leadership is work in progress, you start something as I said in my speech, you start a policy because you are absolutely sure is the right policy, but in the course of implementation, if you see bottlenecks, you modify, because the key word in leadership in my view is not ideology or anything, is pragmatism.

“You should always be pragmatic. You are not God, only God is perfect, so as a good leader, when you make a policy and you started implementing, and it doesn’t seem to work well, you should have the humility to stand back and said, this is not working.

“For example, if you appoint a person to a position and he is not performing to expectation, you should have the humility to say look, I need a better person to do the job perfectly. Leadership is a continuous thing and in a term of four years, you can’t assess a government of nine months.

“But as I also said earlier during my presentation, the removal of fuel subsidy by the present administration is another good policy by President Tinubu. I have always supported withdrawal of fuel subsidy.

But as you can see, in the course of implementation, the government has now realised that the subsidy has to be back, because right now, we are paying a lot of money amounting to trillions of naira for subsidy even more than before, because the impact has been seen and the packages of support that will reduce the impact have not been effective in reducing the impact, and so, the federal government has to backpedal by subsidising petrol. Many people don’t know this.”

“If they want to know whether there is fuel subsidy or not, they should compare the prices of petrol and diesel per litre. This is because, under normal circumstances, petrol is supposed to be more expensive than diesel. As it is, diesel is above N1000, while petrol stood at about N600 per litre. So we are still subsidising for fuel in Nigeria.” He stated.

 

 

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Reps South Wes Caucus Condemn Activities of Acclaimed Yoruba Nation Agitators

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By Gloria Ikibah
The South West Caucus of the House of Representatives has condemned in strong terms the recent activities carried out by acclaimed Yoruba Nation Agitators, which have caused unrest and pose a threat to the peace and stability of our region.
This was contained in a statement signed  by Leaderof Southwest Caucus/Deputy Chief Whip, Rep. PAdewunmi Oriyomi Onanuga, Chairman, Southwest Caucus, Rep. Abiodun James Faleke and Secretary General, Southwest Caucus, Rep. Taofeek Ajilesoro on Monday in Abuja.
The statement reads: “As representatives of the people, we stand firmly against any form of unlawful behavior and violence that undermines the rule of law and the unity of our country, Nigeria. It is essential that all grievances and demands be addressed through peaceful and lawful means, respecting the rights and well-being of all citizens.
“We urge all parties involved to engage in constructive dialogue, prioritize the welfare of our people, and work towards finding peaceful and lasting solutions to any grievances,” said Rt. Hon.Dr Abiodun James Faleke, Chairman of the South West Caucus of the House of Representatives. “Violence and lawlessness have no place in our society, and we call on all individuals to uphold the principles of peace, unity, and respect for the rule of law.
“The South West Caucus remains committed to upholding the values of democracy, justice, and unity in our region and the country at large. Together, we can overcome challenges and build a better future for all”.
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