GNN24 News

NNPCL: CSOs Pass Vote of Confidence on Mele Kyari’s Management, Says Recent Protest Meant To Disrupt Ongoing Reforms

NNPCL: CSOs Pass Vote of Confidence on Mele Kyari’s Management, Says Recent Protest Meant To Disrupt Ongoing Reforms

Coalition of Civil Society Organisations under aegis Good Governance Initiative For Development (GGID) have dismissed the recent protest against Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL) as a sponsored job to blackmail and descredit all efforts made to return the oil sector on right path of growth and development.

According bro the Coalition, the latest clamours for removal of Kyari,who has helped President Bola Tinubu’s Renewed Hope Agenda score huge wins in the petroleum sector is unnecessary.

Recalled that Some groups had mobilized other civil society groups to shut down the National Assembly complex on Tuesday with the Kyari-Must-Go protest.

The anti-Kyari protesters are demanding the immediate resignation of the NNPCL boss by the Presiden Bola AhmedTinubu.

But in a statement by the Coordinator of the Good Governance Initiative For Development, Comrade Yunusa Kabir Mohammed, the group said the call for Kyari’s resignation is nothing short of a blackmail of the NNPC boss who has engineered efforts that have made products available to Nigerians.

“This is undoubtedly sponsored by mischief makers who were bent on discrediting President Tinubu’s petroleum reforms agenda for the benefit of the masses.” It added .

While describing the protest as a clear case of internal sabotage orchestrated by individuals that are threatened by Kyari’s success, it dismissed the accusations raised as baseless and motivated by corrupt interests seeking to undermine the significant progress made in the oil and gas sector.
The statement reads : “Kyari’s leadership has driven crucial reforms, such as the transition of NNPC into a limited liability company, enhancing its financial viability and operational efficiency. Noting his resolve to tackle oil theft through strategic partnerships with security agencies has contributed significantly to enhancing Nigeria’s revenue base.

“Why do we allow anyone sabotage kyari’s genuine commitment to creating sustainable downstream sector, despite the challenges of fixing the refineries and efforts that have made products available to Nigerians.

“We express disappointment in those who have sought to discredit management of NNPCL , suggesting that the calls for Kyari’s removal are orchestrated by individuals benefiting from the previous corrupt practices in the sector.

“We therefore urge President Bola Tinubu to reject their demands because the reforms Kyari has implemented are essential for the continued development of the sector and the nation’s economic stability.

“It is obvious that the motivations behind this protest seem deeply entrenched in personal interest rather than collective welfare. The protests are based on misleading narratives and serve to undermine the significant reforms Kyari has implemented.”

“We stand in firm support of Mele Kyari and appeal to the President not to yield to these unfounded demands,as the nation cannot afford to reverse the gains made in the oil sector.”

CNG Buses:Free Transport Scheme and Governor Uba Sani’s Love for Workers

CNG Buses:Free Transport Scheme and Governor Uba Sani’s Love for Workers

On Saturday, May 29, 2024, Senator Uba Sani was sworn-in as the 10th democratically elected Governor of Kaduna State and with a mindset that “Leadership is not about a title or a designation, but about impact , influence and inspiration” as defined by a world leadership expert, Robin Sharma.

Since assuming office ,the former lawmaker, who represented Kaduna Central Senatorial District in the 9th Senate has demonstrated sound knowledge and character that revealed he understood the rudiments of governance. His response and approach to State matters shows he was prepared and committed to move the State to a greater heights of development . Little wonder, he didn’t waste time before he swung into action to commence implementation of his 7-Point agenda.

The 7-Point agenda with Acronym SUSTAIN was a carefully crafted document to address and cover the basic needs that will improve lives of citizens to engender growth and development. About 18 months in office as Governor of the former historical headquarters of northern region,the people are no doubt convinced that Governor Uba Sani meant business with the meticulous manner he has been implementing the SUSTAIN agenda, which covers the entire spectrum of security, human capital development, infrastructure development, Institutional development, as well as Trade and Investment.

It is in line with the high priority placed on workers and the need to cushion effect of hardship caused by the removal of petroleum subsidy ,Governor Uba Sani concluded arrangements to distribute CNG buses for free transportation In the first phase of the free transportation scheme, 100 free Compressed Natural Gas (CNG) buses for civil servants are ready for launch, with labour union and state transport agency to take charge of the operations, when they finally distribute them .

Governor Uba Sani however, revealed reasons behind the scheme. According to him, the decision to provide free transportation for workers is in line with his administration’s commitment to the advancement of the interests of workers and improvement in the living conditions of the poor, vulnerable and enhancing their productivity.

Unfortunately, over the years it became somehow a norm for government to purchase vehicles for both intra and inter transport system and thereafter such vehicles due to bad maintenance culture are damaged beyond repairs. But to avoid a repeat of the lapse and mistake of the past ,it became clear that a Joint Management Committee consisting of representatives of organized labour (NLC and TUC) and the State Government will be set up to manage the Free Transportation Scheme for the civil servants.

The Governor didn’t stop only at providing free transportation for workers ,despite the meager funds available due huge debt incurred by the previous administration, he took the bold step to approve a new minimum wage of N72,000 for civil servants in the state, effective November 2024.

A feat workers across the 23 local government areas have applauded as they acknowledged as a lifelong commitment to promoting and protecting workers’ rights.

Corroborating the mood of workers over the cheering news of the approval of the 72,000 naira minimum wage , a statement released by the Chief Press Secretary to the governor, Malam Ibraheem Musa confirmed that the decision was obviously in line with the advancement of the interests of workers and improvement in the living conditions of the poor, vulnerable and underserved in Kaduna State.

An uncompromising evidence that Governor Uba Sani administration was dedicated to enhancing the welfare of ” our civil servants ” and improving their productivity,with assurance he will continue to fashion and implement policies and measures to bring succour to the people.

Body language of the Governor and committed efforts in recent days also show that he is living no stone unturned to make Kaduna a model for social welfare interventions by transforming the lives of the less privileged in the state .
A pointer to the commitment and resolve to change the narrative in governance architecture, Senator Uba sani made a surprise reception for the Minors released from Abuja as indication of steps towards social transformation .

The immeasurable spirit of the governor indicates a strong desire to engage the youths in the state towards productive venture. The governor promised that some of them will be given start-up capitals to commence trading, others will be taught skills and some will be given employment,’’ he added.
Recently, President Bola Tinubu ordered the release of the detained minors facing trial for treason on compassionate grounds and directed the government of Kaduna and Kano States to anchor the rehabilitation of the suspects so, they can be reintegrated into the social fabric of their respective communities and society at large.

In response to the directive of the President in line with his priority for welfare of citizens,the Governor immediately directed the Secretary to Kaduna State Government,Dr. Abdulkadir Muazu Meyere, Secretary to the Kaduna State Government to make necessary arrangements for the rehabilitation and proper reintegration to the Upon release.

The first measure taken was to ensure they all went through a medical examination and received psycho-social counseling,which focused on personal development and community contribution. It didn’t stop there, religious leaders were invited from both Islamic and Christian communities to counsel the children, emphasize the importance of faith and the dangers of negative influences.

Thereafter,“the Governor promised some of them start-up capital for trading, while others will be trained and offered employment. He also pledged his administration’s commitment to partnering with relevant stakeholders to support the freed suspects in completing their education or engaging in ventures that will positively impact their lives.

In addition, each of the freed Minors was handed a whooping hundred thousand naira (N100,000) and an android phone to commence a productive life envisaged to multiply for economic prosperity.

To ensure compliance to the gesture ,the government will monitor the conduct of each child, extending these benefits based on good behavior. Contact details, including addresses, phone numbers, and next-of-kin information, were recorded for easy tracking and follow-up.

Shehu Sani Says Tax Reform Bills are Not Inimical to North , Insists no region ‘ll be shortchanged

Shehu Sani Says Tax Reform Bills are Not Inimical to North , Insists no region ‘ll be shortchanged

Former senator who represented Kaduna Central in the National Assembly, Shehu Sani, has said the Tax reform Bills are not inimical to the North or any part of this country.

According to him , Its economically beneficial and fair to all parts, thus People should keep aside sentiments and read the Bill carefully.

He further said , “There is nowhere in the document where any region will be shortchanged or taxes will be increased or jobs will be lost.Northern Governors should rescind their decision to reject the Bill,take time to read it and make inputs where necessary. NASS must treat this important Bill with all seriousness. JUST READ THE CONTENT OF THE BILL.”

Shehu Sani who posted his opinion about the tax reform bills On his X handle called on Northern governors to accept the tax reform bill presented by President Bola Tinubu and make inputs where necessary instead of raising stiff opposition against the bill.

Reacting to the recent rejection of the bill by the Northern Governors’ Forum (NGF), he posited that the bill will not impact negatively on the North or any part of the country but will rather be economically beneficial and fair to all the regions of the country.

He however, urged the Northern governors to put aside sentiments and read the bill thoroughly, noting that the bill is a comprehensive and bold move to harmonize, simplify tax administration and streamline its operations and enforcement.

His words: “The Tax Reform Bill is not inimical to the North or any part of this country.Its in fact economically beneficial and fair to all parts,” he wrote.

“People should keep aside sentiments and read the Bill carefully.Its a comprehensive and bold move to harmonise and simplify tax administration and streamline it’s operations and enforcement.

“The Bill will actually generate and safeguard more revenue to the states.It will also combat the corruption in the so called tax waivers granted to business cabals.

“There is nowhere in the document where any region will be shortchanged or taxes will be increased or jobs will be lost. Northern Governors should rescind their decision to reject the Bill, take time to read it and make inputs where necessary.

“NASS must treat this important Bill with all seriousness. JUST READ THE CONTENT OF THE BILL”.

North’ll Benefit Immensely From Tinubu’s Proposed Tax Reforms – NEDF

North’ll Benefit Immensely From Tinubu’s Proposed Tax Reforms – NEDF

…Forum Backs the Tax Reforms Policies

Northern Economic Development Forum (NEDF) has allayed fears raised by Northern governors and backed the new tax reforms policies initiated by President Bola Ahmed Bola Tinubu, saying the North will benefit from the reforms.

The Northern Governors had opposed the Tax Reform Bill, and asked the National Assembly to reject it on grounds that it will be against the interest of the people of the northern region

But the northern based development forum ,which expressed optimism about the reforms said, there is no cause for alarm as the proposed Tax laws as it will help to enhance and modernize Nigeria’s tax landscape.

President Bola Tinubu and the Federal Executive Council recently sponsored a bill to restructure and streamline tax processes, establish a unified revenue service, and simplify financial obligations for businesses and citizens.

However in a statement by Northern Economic Development Forum, there is a dire need to study and understand the proposed Bill before attacking it.

While stating that it has as concluded arrangements to mobilises support for the Tax Reform Bills via massive awareness campaign ,it insisted the reforms will engender development of the northern region and entire Nigeria.

The statement signed by Dr Mustapha Ibrahim Gusau explained key aspect of the four bills namely: Nigeria Tax Act; Nigeria Tax Administration Act, Nigeria Revenue Service (Establishment) Act, Joint Revenue Board (Establishment) Act,Nigeria Tax Bill noting that they are initiated to address potential misconceptions.

According to forum, available documents show that the new tax laws will not increase the number of taxes currently in operation, but are designed to optimize existing tax frameworks, not add complexity.

It stated further: “The laws will not increase the rate or percentage of any existing taxes.The intent is to ensure a more equitable distribution of tax obligations without increasing the financial burden on Nigerians.

“The laws will not lead to job losses; instead, they are structured to
stimulate new avenues for job creation, supporting a dynamic, growth-oriented economy.

“These laws will not eliminate or absorb the duties of any existing department, agency, or ministry. Rather, they aim to harmonize revenue collection and administration across the federation to drive cohesive and unified financial management.

” The bills will not create additional compliance requirements for small
businesses or individual taxpayers. They are aimed at simplifying compliance, particularly for SMEs, and fostering a more inclusive tax environment.

Speaking on its findings, the Forum revealed it will lead to Harmonization of Tax Laws ; Drives Efficiency and Modernization,Simplifies Laws and Ensures Synergy Across Revenue Collection Agencies and Ensures Efficiency in Government Spending and Savings.

” It will also Promotes Transparency and Integrity in Revenue Collected ,Updates Tax Laws to Reflect Present Realities,Aligns with International Standards and Broadens the Tax Base”.

The Forum therefore urged all Nigerians, especially northerners to embrace the reforms without stirring up unnecessary tension .

Rescue Movement Commends President Tinubu For Ordering The Immediate Release Of The Detained Minors.

Rescue Movement Commends President Tinubu For Ordering The Immediate Release Of The Detained Minors.

Rescue Movement For New Nigeria aka Rescue The Vulnerable Initiative, has given kudos to President Bola Ahmed Tinubu over his prompt action in giving order for the release of the detained minors as the presidency heard of the issue through public out cry.

This was disclosed in another statement issued and made available to pressmen by Rev Emmanuel Olorunmagba, the group National Director Media and Publicity; who had earlier issued a statement on behalf of the group, calling the attention of the presidency to the issue of the maltreatment of the minors who had been kept in prison for over three months. In the earlier statement, “Rescue Movement had described the maltreatment of the minors as ‘crime against humanity and calling on the federal government to immediately commencement investigation into the scenario as some of us still want to assume that such acts could be the handiwork of overzealous official.’ and concluded that earlier statement that, ‘we don’t only expect statement from the presidency over this dastardly acts, but appropriate action to really show that the actors are not acting on order from the presidency.’

“And, other notable Nigerians also raised alarm over the detaining and maltreatment of the minors.

“In a swift reaction, President Bola Tinubu directed the Attorney-General of the Federation to ensure the immediate and unconditional release of all the detained minors, without prejudice to whatever legal processes.

“Also the President mandated the Ministry of Humanitarian Affairs and Poverty Reduction to prioritize the immediate welfare of the minors and ensure they are reunited with their parents or guardians, no matter their location within Nigeria.

“The announcement by the Minister of Information and National Orientation, Mohammed Idris, to State House correspondents during an emergency briefing at the Aso Rock Villa, Abuja; also has it that ‘the President has also directed that all the law enforcement agents involved in the arrest and the legal processes will be investigated, and if there are any infractions found to have been committed by any official of Government, be it a law enforcement agent, or whoever that person may be, appropriate disciplinary action will be taken against him or her.'”

Commending the action, the clergy added that, “this is exactly and all that we demanded. And the president has by this action shown that he has listening ears and he is a father indeed.

“Our opposition is not just about criticism, but it’s about nation building, ensuring that a new Nigeria that we all can be proud of evolve, irrespective of who is at the helms of affairs. And we will continue to speak for the people with the sole aim of contributing towards building a great nation that will take her rightful place of pride among the Comity of Nations. And where the government gets it right, we will not hesitate to commend the government as we have done”, he concluded

CBN’s Drive for Local Currency Financing

CBN’s Drive for Local Currency Financing

By Nasir Dambatta

Critics of the Central Bank of Nigeria (CBN) have often voiced concerns regarding its policies and the perceived limitations they impose on the country’s economic growth. However, recent initiatives by the International Finance Corporation (IFC) to boost local currency financing provide a compelling case for the CBN’s proactive role in enshrining progress. The IFC’s focus on local currency financing highlights the importance of reducing dependence on foreign currency, mitigating exchange rate risks, and fostering an environment where small and medium-sized enterprises (SMEs) can thrive. This article explores how these five strategic areas reflect the CBN’s commitment to fostering a more resilient economy.

The Need for Local Currency Financing

Nigeria, like many emerging economies, faces significant challenges due to its reliance on foreign currency financing. Fluctuating exchange rates can create volatility, making it difficult for businesses to plan and invest. By promoting local currency financing, the IFC aims to provide stability, enabling companies to focus on growth rather than currency risks. This shift is essential not just for individual businesses but for the broader economic landscape, as it encourages more consistent investment patterns and fosters trust in the financial system.

Supporting Small and Medium-Sized Enterprises (SMEs)

SMEs are often considered the backbone of the Nigerian economy, accounting for a significant portion of employment and GDP. However, access to financing remains a considerable hurdle for many of these businesses. The IFC’s initiatives aim to bridge this gap by offering local currency loans tailored to the needs of SMEs. These loans reduce the financial burden associated with currency fluctuations, allowing businesses to invest in growth opportunities, hire more staff, and contribute to local economies.

Furthermore, by providing tailored financial products, the IFC is encouraging a culture of entrepreneurship and innovation within Nigeria. This support can catalyze a new generation of businesses, ultimately driving job creation and economic development.

Strengthening Local Financial Institutions

For local currency financing to be effective, it is crucial that local financial institutions are equipped to handle these transactions. The IFC’s collaboration with Nigerian banks is a significant step towards enhancing their capacity to offer local currency products. By working directly with these institutions, the IFC is helping to build a robust financial infrastructure that can serve the diverse needs of businesses across the country.

This collaboration involves not only providing capital but also technical assistance and training for bank staff. By investing in the capabilities of local banks, the IFC is fostering a more resilient financial ecosystem that can better respond to the demands of the market. This approach not only benefits businesses but also strengthens the overall economy by ensuring that financial institutions can operate effectively and sustainably.

Developing Local Financial Markets

A critical aspect of the IFC’s strategy is the development of local financial markets, including the promotion of local bond markets. By creating instruments that allow businesses and governments to raise capital in local currency, the IFC is laying the groundwork for a more dynamic investment landscape. This shift is vital for attracting both domestic and international investors who are increasingly looking for opportunities that minimize currency risk.

Moreover, a well-developed local financial market can help in mobilizing domestic savings, which are essential for sustainable economic growth. By encouraging local investments, the IFC is not only providing immediate financial support but also fostering a culture of investment that can yield long-term benefits for the Nigerian economy.

Policy Advocacy and Regulatory Frameworks

The IFC’s work extends beyond direct financial support; it also involves engaging with policymakers to create an enabling environment for local currency financing. By advocating for regulatory reforms that promote transparency and reduce barriers to entry, the IFC aims to ensure that local currency financing becomes a viable option for more businesses.

These efforts are critical, as a supportive regulatory framework can enhance investor confidence and attract more capital into the economy. By working collaboratively with the CBN and other governmental bodies, the IFC is playing a pivotal role in shaping policies that can drive economic growth and stability.

Partnerships for Greater Impact

The complexities of promoting local currency financing require collaboration among various stakeholders. The IFC recognizes this and actively seeks partnerships with other international organizations, development finance institutions, and local actors. By pooling resources and expertise, these partnerships can amplify the impact of local currency financing initiatives.

Such collaborations not only enhance the effectiveness of individual projects but also promote knowledge sharing and best practices across the financial sector. This holistic approach is essential for addressing the multifaceted challenges facing Nigeria’s economy and can lead to more sustainable development outcomes.

Significantly, the IFC’s commitment to boosting local currency financing in Nigeria is a clear indication of the potential for positive change within the country’s economic landscape. By focusing on supporting SMEs, strengthening local financial institutions, developing financial markets, advocating for policy reforms, and fostering partnerships, the IFC is aligning its efforts with the broader objectives of the CBN. Critics of the apex bank should recognize that these initiatives reflect a genuine commitment to fostering economic progress and resilience.

As Nigeria continues to navigate the complexities of its economic environment, the importance of local currency financing cannot be overstated. By embracing these changes and supporting initiatives that promote stability and growth, the CBN and its partners can pave the way for a more prosperous future for all Nigerians. The journey towards economic resilience may be challenging, but with continued efforts in local currency financing, Nigeria is well-positioned to realize its potential.

ZAINAB MUSAWA: Celebrating An Amazing Amazon

OPINION:

ZAINAB MUSAWA:

Celebrating An Amazing Amazon

In the annal of public service, few individuals weave threads of compassion, innovation, humility and transformative leadership as brilliantly as Hajia Zainab M. Musawa. Flashback, her journey is not merely a chronicle of administrative roles, but a formidable narrative of commitment to societal upliftment and empowerment.

Hajia Zainab’s distinguished path of public service began at the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development, where she served as a technical adviser to the Honourable Minister.

In this role, she demonstrated her remarkable ability to translate policy into impact that becomes visible to all and sundry.

Under her guidance, the Government Enterprise and Empowerment Programme (GEEP) became a lifeline for over 350,000 vulnerable individuals across Nigeria’s 774 local government areas. This provided micro-loans that transformed economic prospects for countless families. Isn’t that amazing of Zainab?

When Katsina State Governor, Malam Dikko Umaru Radda appointed her as the Commissioner of Women Affairs, Zainab Musawa’s passion erupted like a transformative force. Guess what? She didn’t just occupy an administrative position; she breathed new life into a ministry that had previously languished in bureaucratic inertia.

Her strategic roadmap was not just a document but a dynamic blueprint for change. It focuses on gender mainstreaming and inclusion that aligned perfectly with Federal Government of Nigeria policies.

To crown this achievement, Hajia Zainab initiated the establishment of the gender-based violence center in Katsina State— call it sanctuary of hope or justice, it’s never a mismatched.

Today, the center has handled over 900 cases of violence, with most resulting in convictions. For survivors of abuse—women, children, and vulnerable individuals who had long suffered in silence—this center became more than an institution; it became a beacon of hope and healing.

Now, Hajia Zainab’s wing extended beyond institutional frameworks. She personally oversaw the renovation and equipping of critical infrastructure: the women’s multipurpose centre, Kankia groundnut processing women centre, and family support program schools in Katsina and Daura. These weren’t mere construction projects, but strategic investments in women’s empowerment and educational quality.

As a mark of recognition for exceptional contributions to Katsina state development, Hajia Zainab was awarded the best performing commissioner for 2023/2024. The award which many praised and described as a well-deserved acknowledgment of her relentless dedication to the underprivileged.

Transitioning to her role as Commissioner of Basic and Secondary Education, Hajia Zainab Musawa continued her trajectory of transformative leadership. In just four weeks, she digitized data for over 31,000 teachers—a monumental step towards modernizing educational infrastructure. Breaking new ground, she conducted the first-ever comprehensive workshop and competency test for secondary school management, involving 1,300 school leaders.

Waxing stronger in credibility, excellence and performance, Hajia Zainab Musawa emerged as Nigeria’s Best Commissioner at the prestigious National Leadership Awards on the 30th October, 2024. The award was presented by the People’s Parliament Nigeria in collaboration with Leadership Awards Ltd. No doubt, this recent award strengthen the earlier mark of honor she received as Katsina State’s Best Commissioner for 2023/2024.

Governor Dikko Umaru Radda as the Executive Servant of Katsina State, has consistently celebrated Musawa’s remarkable feats. Describing her role as a shining example of purposeful public service. Her work transcends traditional administrative boundaries. It embodies a holistic approach to societal development.

Hajia Zainab M. Musawa represents more than an accomplished public servant. She is a catalyst of change, a visionary who sees potential where others see challenges, and a leader who transforms systemic constraints into opportunities for growth and empowerment. Her legacy is not written in official records alone, but in the lives transformed, the voices amplified, and the potential unleashed across Katsina State. Indeed, she’s an amazing Amazon.

To me, I’ll say, from here; up, up and up Hajia Zainab Musawa the amazing amazon.

*Ibrahim Kaula Mohammed is the *Chief Press Secretary to the Governor of Katsina State*

Shehu Sani Condemns Involvement of Minor in Protest , Tells FG to Release those Arrested

Shehu Sani Condemns Involvement of Minor in Protest , Tells FG to Release those Arrested

Senator Shehu Sani has described as most unfortunate and shameful for country’s democracy, the arrangement and participation of minors in protest.

The former lawmaker,who represented Kaduna Central Senatorial zone in the 8th Senate however, urged the federal government to withdraw the charges against them and return them to their states .

Senator Shehu Sani who is also a human rights activist stated this via his X handle today .

His words : “The arrangement of those minors for their participation in protest is most unfortunate and shameful for our country’s democracy.The FG should withdraw the charges against them and return them back to their states.”

FCAPT: A LEARNING INSTITUTE WITH DIFFERENCE.

FCAPT: A LEARNING INSTITUTE WITH DIFFERENCE.

BY COMRADE MUSA MOHAMMED

“The visiting journalists haven assessed these gigantic achievements called on the Federal government to partner seriously with the present leadership in the institution, because of it’s beautiful and transforming programmes that deserves commendation”.

Investigation conducted by teaming journalists has shown that significant achievements have been achieved in federal college of Agriculture, under the present administration of Dr. Muhammad Yusha’u Gwaram.

A team of journalists concerned with the development of education particularly in the North visited the institute in kano state, were they assess the achievements made so far under the able leadership of Dr. Yusha’u.

with simple view to encourage the leadership and for others to emulate “FEDERAL COLLEGE OF AGRICULTURAL PRODUCE TECHNOLOGY”, a learning institute with difference”.

The investigative reporting conducted by the journalists, has shown that one of the gigantic achievements recorded was employment and deployment of additional qualified academic and non academic staff.

This no doubt will help in meeting up the demand of qualified staff in the institute.

The achievements recorded so far in the institution (FCAPT KANO ), is highly commendable.

For an institution of this magnitude to achieve the required success staffing is vital to this situation.

Similarly, investigation has shown that additional commitment was made by the leadership of the institution engaged sponsorship in training, conferences, and workshops with a view to boost academic excellence, whereby many academic staff enjoyed.

The leadership of the institute engaged in regular promotion of staff.

Dr. Yusha’u Gwaram’s emergence as substantive Provost in 2020 by the immediate-past President Muhammadu Buhari, has brought serenity by setting new path for the institution looking at the infrastructural and academic development his administration has recorded in the last two years, is a big development and testimony.

Also, to meet the standard of a developed learning institute that can compete with others globally, Dr. Yusha’u Gwaram was able to recruit more than 200 newly appointed staff both academic and non-academic.

Further investigation conducted by the visiting journalists, discovered that many projects were put in place by the present leadership of the College (institution), through IGR. Few are infrastructural developments, etc.

Disciplines and academic performances are the core of our today’s education.

However, our findings clearly showed that the Provost ( DR. YUSHA’U GWARAM) inculcate discipline among the staff and the students, encouraged in controlling students behaviour which boost their morals and general academic performance.

The visiting journalists haven assessed these gigantic achievements called on the Federal government to partner seriously with the present leadership in the institution, because of it’s beautiful and transforming programmes that deserves commendation.

IFC, CBN JOIN FORCES TO BOOST PRIVATE SECTOR WITH $1BN FUNDING

IFC, CBN JOIN FORCES TO BOOST PRIVATE SECTOR WITH $1BN FUNDING

By Nasir Dambatta

The International Finance Corporation (IFC) has announced the signing of an agreement with the Central Bank of Nigeria (CBN) aimed at boosting local financing to support the growth of private enterprises.

As a member of the World Bank Group, IFC revealed in a statement on Monday that the partnership seeks to provide over $1 billion in financing in the upcoming years. The collaboration will help manage currency risks and increase investments in the naira across key sectors of the economy, including agriculture, housing, infrastructure, energy, small and medium enterprises (SMEs), as well as the creative and youth economy.

IFC also highlighted its active investment portfolio in Nigeria, which stands at $2.13 billion, making it the second highest in Africa.

The statement further noted, “IFC aims to significantly scale up its financing of critical sectors in Nigeria, with a goal of providing more than $1 billion in the coming years.

“Many of these sectors require local currency financing, and IFC’s partnership with the CBN is a key tool in expanding access.”

Makhtar Diop, managing director of IFC, commented on the partnership, emphasising its intent to address funding options. He stated that increasing access to affordable local currency financing for small businesses is vital to meet the rising demand for diverse funding options and to better manage currency risk.

“Our partnership with the Central Bank of Nigeria will enhance lending in Nigerian naira, fostering economic growth and creating jobs across the country,” he added.

Olayemi Cardoso, governor of the CBN, expressed that the agreement will significantly bolster the nation’s economic growth. He described the initiative as a groundbreaking effort that will unlock essential long-term local currency financing for private enterprises in Nigeria at economically viable rates.

Cardoso stated, “This collaboration marks significant progress in the CBN’s commitment to delivering innovative development initiatives through reputable third-party service providers, moving beyond traditional intervention programmes.

“It will serve as a catalyst for economic growth and advance the Federal Government’s agenda for economic diversification.”

Additionally, IFC affirmed its intention to continue utilising innovative financial instruments and strengthening partnerships to meet the increasing demand for local currency financing in emerging markets.