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Ex-finance Minister Blames CBN For New Naira Crisis

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A former Minister of Finance, Dr Idika Kalu, has faulted the logistics of the Central Bank of Nigeria for the crisis that has characterized the distribution of new N1000, N500 and N200.

Speaking on Channels Television on Friday, he noted that the new naira scarcity was a result of a huge logistic mistake.

He said, “It is obvious that what we are dealing with is huge logistic mistakes that have been made.”

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READ ALSO: Naira Scarcity: Protesters Attack Banks In Lagos

Kalu added that the CBN ought to have done its preliminary assessment of how long and what it would take to ensure the efficient distribution of the new notes.

“You have to assess the timing, which is predicated on how long it will take to do the exercise that you want to do. So, that is where it is really up to the central bank and its advisers to come up to the government to say, you have agreed we will do this. This is how much time we need, every aspect of it, procuring the papers for printing, whether it is imported or locally made, the printing process itself, the logistics of identifying the various constituencies, the banks, the communities, the rural areas and all segments of this country.

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“The people are not interested in all these details but you have to take into account how you are going to deliver. Is it by air, road, train or a combination of all that?,” he added.

He explained that the reason the new notes were not in banks when people needed them was due to poor logistics.

The logistics have to be very carefully put together. It is very apparent that we did not do that. I think the logistics are really the problem not the question of jurisdiction,” Kalu noted.

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He further faulted the CBN’s reasons for redesigning the old notes, stating that countries don’t change their currencies because they want to improve the effectiveness of monetary policies.

He also noted that there were other policies that the CBN and the Federal Government could have introduced if they wanted to tackle corruption and the high amount of currency in circulation.

Kalu also said that the naira redesign plan of the CBN would likely lead to a contraction in the economy.

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READ ALSO: VIDEO: Protest In Ibadan Over Naira Scarcity, Gunshots Heard

He further questioned the metrics of inflation used to measure the effectiveness of the naira redesign policy.

“If you curtail the money supply, it will bring down inflation. But they will have to check on what it does to production and employment. So, it is not a one-dimensional measure of success,” he said.

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He further described the naira redesign policy of the CBN as draconian, noting that there was something wrong with what the CBN was trying to do.

 

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Bauchi Govt Sensitises 14,000 LG Staff On Promotion Examination

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The Bauchi State Local Government Service Commission has conducted a 2-day Sensitisation workshop for 14,000 local government staff on how to excel in the forthcoming promotion examination.

Speaking before the commencement of the workshop, Alh. Abubakar Wabi, the Chairman, Local Government Service Commission, said that the importance of the workshop for the LG workers could not be over-emphasised.

He said according to the tenets of examination policy, the main thrust of the exam, apart from paving the way for promotion, was to acquaint the staff with regulatory professional and general knowledge.

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This, he added, contributed immensely in boosting their capacity and reading culture as well as increase effective performance of their duties for efficient service delivery.

READ ALSO:Bauchi Opens Portal To Employ 10,000 Citizens

According to him, the administration of Gov. Bala Mohammed of the state has resolved to sustain the examination policy and do everything within its reach to strengthen it for the benefit of civil servants and the Civil Service.

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The conduct of this sensitisation workshop is therefore a continued demonstration of the governor’s commitment and concern towards the upliftment of Local Governments as well as human capital development,” he said.

Also speaking, Mr Nasir Dewu, the Overseeing Permanent Secretary, Local Government Service Commission, said promotion examination has the main merit of keeping staff up-to-date with the staff regulations, procedures and General Knowledge.

These, he said, were vital for ensuring effective, efficient and productive Local Government Service.

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READ ALSO:Out-of-school: Group To Enroll Adolescent Mothers In Bauchi

“I am happy to inform you that the success witnessed in the 2023 edition of the examination held in 2024 is a further signal that the policy is a worthwhile one.”

He commended governor Mohammed for his commitment to ensure the examination policy’ success in the state.

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Dewu urged the participants to reciprocate the kind gestures of the governor by being more dedicated to duties as well as contributing immensely in the revamping efforts of the Local Government Service.

READ ALSO:Maternal Mortality: MMS Tackling Scourge —Bauchi Women Testify

In his address, Alh. Gambo Magaji, Dugge Management Services Limited (DMSL) the Consultant of the promotion examination, called on the participants to listen attentively to the papers that would be presented during the workshop.

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Magaji, who said that the resource persons were experienced retired and serving technocrats billed to prepare them for the examination and beyond, added that the examination questions won’t be outside of what they would be taught.

The sensitisation workshop was carried out to help the staff writing the 2024 promotion examination on December 27 to excel.

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Edo SSG Calls On Media To Support Govt Policies, Assures Better Welfare

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L-R: Government House Public Relations Officer (PRO); Chief Press Secretary to Governor Monday Okpebholo, Patrick Ebojele, Ph.D; Secretary to Edo State Government, Musa Ikhilor; Special Adviser to Governor Monday Okpebholo, Mr. Paul Ezewon during the courtesy visit.

The Secretary to the Edo State Government (SSG), Umar Musa Ikhilor, has called on members of the media to continue to support government policies and programmes through objective, professional and balanced reportage, describing them as critical stakeholders in governance.

Ikhilor made the call while receiving members of the Governor’s Press Crew, Edo State Government House, led by the Chief Press Secretary, Ebojele Akhere Patrick, PhD, who paid him a courtesy visit in his office as part of the season’s greetings.

Responding, Ikhilor expressed gratitude for the gesture, noting that it was thoughtful and symbolic.

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According to him, the media plays an indispensable role in governance and public accountability.

He said, “Whatever it is that we do, it still will not matter much if we do not have you guys to be our eyes and our ears to report some of those things so that Edo people will be aware and people globally will be aware, and that is where you come in very important.”

READ ALSO:Edo Assembly Declares Okpebholo’s Projects Unprecedented

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The SSG further emphasized the strategic role of journalists, describing them as the fourth estate of the realm.

Ikhilor stated, “Because without the press, the government is blind, deaf and dumb. You are the ones we can see with and you are the ones we can hear with and talk with as well. So we consider you very critical stakeholders in the affairs of governance. That is the sincere sentiment of the government,”

He acknowledged the challenges faced by the media, particularly poor working conditions, and assured that the government was aware and already taking steps to address them.

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He said, “Your working conditions have not been the best one would have expected. These are some of the things we have made recommendations to His Excellency the Governor, and he has promised from next year, after this budget by January, with a new budget that is coming, there will be something substantial to cater for the media.”

READ ALSO:JUST IN: Okpebholo Assigns Portfolios To Commissioners, Makes Major Reshuffle 

Explaining the initial constraints of the administration, Ikhilor noted that spending was limited by budgetary provisions inherited at the time the government assumed office.

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He explained, “When we came in, we met a budget already prepared. We just tried and tinkered with it to pass it as at then November–December. Once you don’t have an appropriation, you can’t spend. That would be a criminal offence,”

The SSG urged journalists to remain professional and committed to truth, regardless of circumstances.

He said, “Your responsibility as a journalist, your first training, your first duty, is the pursuit of truth wherever you find it. Reporting should not be based on a special relationship. Professionalism actually means you are consistent and you deliver, whether the day is good or the day is bad.”

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He encouraged the media to continue to support government policies and programmes through accurate and diligent reporting, stressing the importance of teamwork in effective communication.

Commending the press crew, Ikhilor added, “I have seen exceptional reports from a lot of reporters here. Our camera men have done very well in terms of proper coverage. Everybody needs to work together as a team for the story to come alive and for the story to be complete.”

Earlier, while presenting a gift on behalf of the team to the SSG in appreciation of his leadership and support, the Chief Press Secretary, Ebojele Akhere Patrick, PhD, said, “In the spirit of the season, I present this to you on behalf of the Governor’s Press Crew in appreciation of your effort as the engine room of government.”

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Forest Reserve: Okpebholo Broker Peace Between Host Communities, Investors

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Governor Monday Okpebholo of Edo state on Wednesday brokered peace between host communities and investors on the use of government forest reserve land for agricultural purposes and investors.

The governor, who was represented by his deputy, Hon Dennis Idahosa, appealed to the various stakeholders to always tow the line of peace at all times

Okpebholo noted that by virtue of the Land Use Act, the land in dispute belongs to the Edo state government.

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The governor blamed activities of the previous administration of the state for the hostility between the investors and the host communities over the land that spreads across Ovia South West and Ovia North East Local Government Areas.

He accused the previous administration of arbitrarily allocating the said forest reserve to investors to without due consultation with host communities of Iguomon, Egbetta and Usen.

READ ALSO:Okpebholo Pledges To Clear Inherited Salary Arrears, Gratuities At AAU

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He stated that the meeting with stakeholders became expedient in order to straighten out facts and restrategize.

We had three investors that want to invest in oil palm production in the council areas, which is in line with the vision of Governor Monday Okpebholo to turn the state into investment heaven.

“Today, we met with the critical stakeholders of Ovia South West and Ovia North East to ensure all interests are captured.

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“The investors were here, the community leaders, led by the Elawure of Usen, Oba Wilson Oluogbe II, and Palace Chiefs all came.

“Initially, a 5 percent buffer was proposed by the previous administration, but based on the conversation we had today, the investors agreed to increase to 10 percent.

READ ALSO:Okpebholo Removes Itua As Chief Press Secretary

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Haven put into consideration that Ovia is an agrarian area, with 80 percent of people relying on subsistence farming for survival,” he stated.

Okpebholo maintained that part of the resolution involved the raising of a memorandum of understanding (MoU) by investors with their host communities to keep all parties involved in decision making.

IHe declared, “Our administration is people oriented. The interest of investors are paramount to us as well as the interest of our people.”

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The Secretary to the Edo State Government (SSG), Musa Ikhilor stated that before the said land allocation to investors, the previous administration was supposed to have carried out diligent studies and a NEEDS assessment in relations to the communities.

He said basic steps ought to have been followed, such as meetings with Community Development Associations (CDA) with agreements reached on community development.

READ ALSO:IYC Expresses Displeasure Over Okpebholo’s Neglect Of Edo Ijaw

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Historically, Ikhilor said Usen community started as a farm stead hence the need to carry such a community along in decision making on issues that affect their means of livelihood.

He further encouraged investors to engage in Corporate Social rlResponsibility (CSR) acts as well as put in place activities that promote job creation and general welfare of their host.

The Elawure of Usen, Oba Wilson Oluogbe II praised the Edo State Government for its intervention.

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He appealed for communities to be carried along when critical decisions are being made, especially on issues that affect their livelihood.

The investors, included: Nimbel Shaw Limited; Professional Support Farms Limited and Steve Integrated Limited, commended Edo state government for the peaceful resolution of the matter.

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