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FX Crisis: Dollar May Exchange For N4000 By End Of 2024 — Ozekhome Warns

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Human rights activist, Mike Ozekhome, says the Dollar may exchange for N4000 by the end of 2024 should the Naira keep falling against the Dollar at its current rate.

Ozekhome stated this in an interview on Channels Television on Tuesday.

The senior lawyer said there are no visible signs that the Naira won’t fall any further.

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He said, “Just today, we paid out another $400 million that was so identified. In terms of the reserves, it has gone up to $34 billion.

READ ALSO: Forex Crisis: EFCC 7,000-man Task Force Goes After Dollar Racketeers

“If we are not careful we will get to the situation in Ghana, where they were carrying cedis in baskets to the market to go and buy things and put in their pockets.”

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”Why have BDCssit under the trees and tables control our economy.”

Ozekhome stated that the government needs to do everything in its power to alleviate the suffering by going back to the drawing board.

He expressed surprise at the current administration blaming its predecessors for the economic state of the nation

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”But to me, it is most embarrassing when I see officials of this government blaming the Jonathan government that left office in 2015, nearly 10 years ago.

READ ALSO: Cooking Gas Price Rises By 38% To N16,250

”Ironically blaming his own predecessor whom they took over from in the APC government. I think everything has gone wrong,” he said

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Ozekhome noted that the current administration’s slogan of renewed hope translates to poverty.

This is not renewed hope, this is renewed poverty.”

Recall that recently, the scarcity and demand for dollars have led to a significant decline in the Naira. The problem according to analysts has been compounded by persistent foreign exchange supply challenges and a significant demand backlog.

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But, the CBN governor, Olayemi Cardoso, in his MPC meeting announcement on Tuesday said he ”will do what it takes” to address the monetary issue equally promising to generate more liquidity for the forex market.

”Before the end of this year, if we are not careful, the Naira may exchange for N4000 to the dollar because e there is nothing in place,” he added.

 

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Insecurity: Former NYSC Director Tasks Corps Members On Self, Environmental Consciousness

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A retired Director, Information and Public Relations, National Youth Service Corps (NYSC) Directorate Headquarters, Eddy Megwa, has called on all corps members serving in the country to take their personal security seriously, always be self and environmental conscious.

The former Director made the call at the Bauchi NYSC permanent orientation camp, Wailo, Ganjuwa Local Government Area of the state on Monday.

He warned that the times were evil, therefore vigilance, self consciousness and consciousness of the environment were of paramount importance.

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He also called on them to serve the nation with loyalty, commitment and zeal for patriotism, adding that no nation grew without the selfless service of the citizens and called on the corps members to rise up and make the desired change.

READ ALSO:FG Enlists NYSC Members In Campaign To Fight Small Arms, Light Weapons Proliferation In Northeast

I want to urge you all to deliberately work towards building a great nation of our collective dreams.

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“This is because if we have a country that is working very well, the youths will not be desperate about relocating to other countries of the world for greener pastures,” he said.

Megwa further discouraged the youth from illegal migration, describing it as a suicide mission as many of such ‘desperate people’ ended up losing their lives in the Sahara desert in the most gruesome manner.

The former NYSC Spokesman encouraged the corps members to strive for excellence in all they do and achieve even what their forebears could not achieve.

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“There are a whole lot of opportunities you have now and can leverage on which the older generation never had.”

READ ALSO: FG Approves New NYSC Mandatory Regulations

He told his audience not to put their names and their families into disrepute by getting themselves involved in crimes and other unwholesome activities.

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“The Skill Acquisition and Entrepreneurship Development programme of the NYSC is the panacea to graduate unemployment.

“I want to, therefore, advise you to take advantage of the programme by learning skills that will be useful to you in the future.”

Earlier, Mr Umoren Kufre, the state’s Coordinator of NYSC, appreciated the retired Director for the visit and words of motivation to both camp officials and corps members.

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He described the former Director as a living legend that shaped the NYSC Public Relations Unit to what it is today and left his footprints boldly.

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NiMet Predicts Three-day Sunshine, Cloudiness From Monday

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The Nigerian Meteorological Agency (NiMet) has predicted sunshine and haziness from Monday to Wednesday across the country.‎

NiMet’s weather outlook released on Sunday in Abuja envisaged sunny skies over the entire northern region throughout the forecast period on Monday.‎

It envisaged ‎sunny skies with patches of clouds over the entire central region.‎”For the southern region, ‎cloudy atmosphere with sunshine intervals is anticipated over the region with slim chances of isolated thunderstorms over parts of Akwa Ibom, Bayelsa, and Cross River during the afternoon to evening hours,” it said‎According to NiMet, dust haze is anticipated over Kebbi, Zamfara, Sokoto, Katsina, Kano, Jigawa, Borno, and Yobe on Tuesday throughout the forecast period.‎It anticipated sunny skies with cloud patches over the entire central region.

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READ ALSO:NiMet Forecasts Rain, Flash Floods Nationwide

“For ‎southern region, ‎cloudy skies are expected over the region with slim prospects of isolated thunderstorms over parts of ‎Cross River during morning hours.‎” Isolated thunderstorms are anticipated over parts of Delta, Ogun, Ondo, Lagos, Bayelsa, Rivers, Akwa Ibom and Cross River later in the day,” it said.‎

The agency predicted dust haze over the northern region throughout the forecast period on Wednesday.‎NiMet anticipated a sunny and hazy atmosphere over the entire central region.‎”For the southern region, cloudy atmosphere are over the region in the morning hours.‎

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“Later in the day, isolated thunderstorms with moderate rains are anticipated over parts of Lagos, Ondo, Oyo, Osun, Ogun, Ekiti, Edo, Delta, Bayelsa, Cross River, Akwa Ibom, and Rivers ” it said.

READ ALSO:NiMet Forecasts Rain, Flash Floods Nationwide

NiMet urged the public to drive under the rain with caution and to take necessary precautions as ‎dust particles would be in suspension over the northern region.

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NiMet advised people with asthmatic health conditions and other respiratory issues to be cautious of the present weather ‎conditions.

‎”Airline operators are advised to get airport-specific weather reports (flight documentation) from NiMet for effective planning in their operations.‎” Residents are advised to stay informed through weather updates from NiMet – visit our website – www.nimet.gov.ng.

 

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MOWAA: Why I Will Not Appear Before Edo Assembly Panel — Obaseki

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The immediate past governor of Edo State, Godwin Obaseki, has given reasons he would not appear before the Edo State House of Assembly Ad-hoc Committee set up to investigate funding and ownership of the Museum of West African Arts (MOWAA) and the Radisson Blu Hotel.

The Edo Assembly set up the panel following a request by Governor Monday Okpebholo that the Assembly should probe funding and ownership of the projects.

Amongst what the governor requested the Assembly to investigate is the state government’s N3.8bn investment in the MOWAA and N28bn in Radisson Hotel.

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Former Governor Obaseki is scheduled to appear before the Committee on Thursday, December 4th, 2025.

READ ALSO:Edo Assembly Invites Obaseki, Others For Questioning Over MOWAA

The Committee, had in a letter signed by its Secretary, Bekisu Oshone Wilson, said attendance by Obaseki and others were required as part of the committee’s investigation.

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Obaseki, who spoke through his media adviser, Crusoe Osagie, said it was offensive and laughable for the Assembly to invite him over a matter that was already in court.

He said the Edo Assembly should learn to know how the law works.

The former Edo Governor said he could not be subjected to answering separately on the same issue.

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READ ALSO:MOWAA Authorities Shun Edo Assembly Committee, Give Reason

It is subjudice for the former Governor to appear before the Edo Assembly in a matter already in court.

“Why subject him to another round of questioning on the same issues?”

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Management of MOWAA had also refused to appear before the Edo Assembly Ad Hoc Committee.

Its Counsel, Olayiwola Afolabi, said the Assembly could only make recommendations but that the Court would make the final decision on the issues.

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