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Buhari Sets To Pay 1.6m Poor Households N10.000 Every Two Months

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Buhari Sets To Pay 1.6m Poor Households N10.000 Every Two Months
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Buhari Sets To Pay 1.6m Poor Households N10.000 Every Two Months

The President, Major General Muhammadu Buhari (retd.), has revealed that the Federal government will in October launch its N15 trillion infrastructure fund.

This as he urged commercial banks to join efforts with the government in alleviating poverty; adding that 1.6 million poor and vulnerable households, comprising more than eight million individuals are currently benefiting from the Conditional Cash Transfer programme which pays a bi-monthly stipend of N10,000 per household.

Buhari said this on Tuesday in Abuja while speaking virtually at the opening of the 14th Annual Banking and Finance Conference of Chartered Institute of Bankers of Nigeria.

Special Adviser to the President on Media and Publicity, Femi Adesina, disclosed this in a statement titled ‘President Buhari says 1.6m households, eight million individuals benefiting from conditional cash transfers’.

The President said the National Social Register of poor and vulnerable Nigerians had 32.6 million persons from seven million poor and vulnerable households identified, imploring bankers to play a stronger role in improving livelihoods.

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Buhari Sets To Pay 1.6m Poor Households N10.000 Every Two Months

He explained that ongoing efforts to reduce poverty in the country continue to grow, with 1.6 million poor and vulnerable households, comprising more than 8 million individuals currently benefiting from the Conditional Cash Transfer program, while N300 billion has been disbursed to farmers.

“From this number, 1.6 million poor and vulnerable households, comprising more than 8 million individuals, are currently benefiting from the Conditional Cash Transfer programmme, which pays a bi-monthly stipend of N10, 000 per household,’’ he said.

According to him, the National Social Investment Programme was the largest in Sub-Saharan Africa and one of the largest in the world.

“Some of the various initiatives embarked upon to boost Agric trade in Nigeria include the Anchor Borrowers Programme through which the Central Bank of Nigeria had made more than 300 billion Naira available to over 3.1 million smallholder farmers of 21 different commodities including Rice, Wheat, Maize, Cotton, Cassava, Poultry, Soybeans, Groundnut, Fish, cultivating over 3.8 million hectares of farmland.

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“It is on record that 80% of rice consumed in Nigeria is now produced locally.’’

The President said, in 2020, he approved the establishment of InfraCo Plc, a world-class infrastructure development vehicle, wholly focused on Nigeria, with combined debt and equity take-off capital of N15 trillion, managed by an independent infrastructure Fund Manager; to further strengthen recovery and empower more Nigerians.

“The Solar Power Naija project was launched in April 2021 with the aim of delivering 5 million off-grid solar connections to Nigerian households. In May 2021, the Rural Electrification Agency announced the planned deployment of solar-powered grids to 200 Primary Health Centres and 104 Unity Schools nationwide.

“Under the Family Homes Fund Limited, Social Housing programme incorporated by the Federal Government of Nigeria, more than two thousand hectares of land with title documents have been issued by 24 states with the capacity to accommodate about 65,000 new homes. The Central Bank of Nigeria is providing a N200 Billion financing facility, with a guarantee by the Federal Government,’’ he said.

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Referencing a report from the National Bureau of Statistics which revealed that Nigeria’s Gross Domestic Product grew 5.01 per cent in the second quarter of 2021, the President said, “This is cheery news and an indication that the efforts of this administration at repositioning the economy is paying off.”

He urged bankers and financial institutions to leverage the abundant business opportunities to grow the economy.

He implored financial institutions to play a stronger role in making sure the Nigerian Small and Medium Enterprises were fit for purpose, with support in full implementation of “Agreement”.

“Indeed financial intermediary could not be any more relevant than at a time like this. We need you, the banks, to drive value creation by developing new technologies, scaling payment infrastructure to serve the diversified economies expected to benefit from this Agreement,’’ he noted.

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Ibrahim Aliyu Becomes The New Emir Of Gaya After Hours Of Tussles

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Ibrahim Aliyu Becomes The New Emir Of Gaya After Hours Of Tussles
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Ibrahim Aliyu Becomes The New Emir Of Gaya After Hours Of Tussles

After keeping journalists for almost 8 hours in the Ante Chamber of Government House in Kano to receive the briefings of appointment of a new Emir of Gaya, the Government, announced Ibrahim Aliyu as the 2nd Emir of Gaya at about 3am, Sunday Morning.

The appointment which follows tussles, misunderstandings, disagreement and alleged fight between the State Secretary to the Government, Usman Alhaji who happens to be one of the Kingmakers in Gaya, and some top persons from the area, was said to have been settled by Governor Ganduje.

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Usman Alhaji, who briefed the Media, said, “the Kano State Governor said by the power vested on him, he appointed Ibrahim Aliyu as the new Gaya Emirate, an appointment that follows the recommendation of the Gaya five Kingmakers.”

Alhaji said, until his appointment, Aliyu was the Ciroman Gaya and the eldest son of his late father, Emir Ibrahim Abdulkadir who died late last week.

“Gaya emirate was amongst the fourth emirates created by Governor Ganduje in 2020, and his appointment was based on the powers vested on Governor Ganduje on the Kano Emirates Council Laws 2020 as amended”.

Ibrahim Aliyu Becomes The New Emir Of Gaya After Hours Of Tussles

The Kingmakers are Alhaji Usman, the leader, Madakin Gaya Wada Aliyu, Makaman Gaya, Barr. Bashir Albasu AIG rtd, Turakin Gaya, Jafar Usman.

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He said they spent two days selecting the new Emir.

Late Emir of Gaya, Alhaji Abdulkadir who died late last week was the oldest Emir having and oldest Emirates in northern Nigeria.

Late Alhaji Abdulkadir, who had been on the throne of Sarkin Gaya since 1990 held several traditional positions to include district head of Kunchi and that of Minjibir, among others. He was one of the four emirs elevated to first class emirs by the Ganduje administration after the creation of Rano, Gaya, Bichi and Karaye emirates in 2019.

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Zamfara Extends Network Shutdown By Two Weeks As Insecurity Worsens

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Zamfara Extends Network Shutdown By Two Weeks As Insecurity Worsens
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Zamfara state has extended the shutdown of all telecommunications sites in the state, as directed by the Nigerian Communications by two more weeks Chrysora Media reports

Chrysora Media had exclusively reported on September 4 that a leaked memo signed by the Executive Vice-Chairman of the NCC, Prof Umar Danbatta, which was addressed to one of the telecom operators on Friday, stated that the immediate shutdown of all telecommunications services had become necessary due to the insecurity in the state.

In the letter titled, ‘Re: Shutdown of all telecom sites in Zamfara State’, the NCC boss stated that the shutdown, which was to last from September 3 to September 17 in the first instance, was to enable relevant security agencies to carry out required activities towards addressing the security challenge in the state.

The memo partly read, “In line with the requirement, you are hereby directed to shut down all sites in Zamfara State and any site(s) in neighbouring states that could provide telecommunications service in Zamfara State. The site shutdown is for two weeks (September 3 – 17, 2021) in the first instance. Your urgent action in this regard is required.”

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According to PUNCH report on September 5 reported the action taken by the NCC was its response to a request letter from the Office of the Governor of Zamfara State to the Ministry of Communications and Digital Economy.

Sunday PUNCH had subsequently reported that over 240 base stations were shut down in Zamfara State.

Prior to the network shutdown, Zamfara State and some other states in the North-West, including Kaduna, Katsina and Sokoto as well as Niger State in the North Central had come under heavy attacks from the bandits. Apart from invading schools to kidnap schoolchildren coupled with the abduction of women and men for ransoms, the bandits had also killed several residents and security agents.

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Zamfara Extends Network Shutdown By Two Weeks As Insecurity Worsens

The bandits have also become more brazen as they shot down a fighter jet belonging to the Nigerian Air Force on July 18. Even though the pilot of the aircraft, Flight Lieutenant Abayomi Dairo, was able to escape, the bandits continued their attacks on him until he was able to escape.

NAF spokesperson, Edward Gabkwet, said in a statement, “On 18 July 2021, at about 12.45 pm, a Nigerian Air Force Alpha Jet aircraft, returning from a successful air interdiction mission between the boundaries of Zamfara and Kaduna State, came under intense enemy fire which led to its crash in Zamfara State.

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“Luckily, the gallant pilot of the aircraft, Flight Lieutenant Abayomi Dairo, successfully ejected from the aircraft. Using his survival instincts, the pilot, who came under intense ground fire from the bandits, was able to evade them and sought refuge in nearby settlements awaiting sunset.

“Using the cover of darkness and his phone set for navigation, Flight Lieutenant Dairo was able to elude several bandits’ strongholds and manoeuvred his way to a Nigerian Army Unit, where he was finally rescued.”

The activities of the bandits reached their crescendo on August 24 when the armed criminals in the early hours of the day assaulted the country’s military college, Nigerian Defence Academy, in Kaduna and killed two officers while they kidnapped one senior officer, Major Christopher Datong.

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Emefiele: What Buhari Govt Needs To Address Nigeria’s Infrastructure Deficit

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Emefiele: What Buhari Govt Needs To Address Nigeria’s Infrastructure Deficit
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Emefiele: What Buhari Govt Needs To Address Nigeria’s Infrastructure Deficit

Godwin Emefiele, Governor of the Central Bank of Nigeria, CBN, on Saturday, disclosed what the President Muhammadu Buhari-led Federal Government needs to address the country’s infrastructural deficit.

Emefiele disclosed that the Buhari-led Federal Government needs US$100 billion annually to address the nation’s infrastructure deficit.

The CBN governor disclosed this at the 30th Anniversary Conference and Awards of the Finance Correspondents Association of Nigeria (FICAN) in Lagos, NAN reports.

The News Agency of Nigeria (NAN) reports that the two-day conference has “Financing Infrastructure and SMEs for Inclusive Growth in Post-COVID-19 Economy”, as theme.

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Represented by the Director of Corporate Communications Department of CBN, Mr Osita Nwanisobi, Emefiele said: ”In Nigeria, the current level of infrastructure deficit is a major constraint to economic development and attainment of growth average rate of at least five to seven per cent required to boost productivity and sustainable growth for businesses.

”According to the World Development Indicators (2019), 56.20 per cent of Nigerians have access to electricity, while electric power consumption stood at 144.52 kWh per capita as of 2018.

”While infrastructure deficit in Nigeria is estimated to be about 1.2 per cent of GDP, it is projected that the Federal Government needs to commit about US$100 billion annually to address the nation’s infrastructural deficit.”

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