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CBN urges FG to ensure massive infrastructural development



Emefiele Godwin CBN

The Central Bank of Nigeria (CBN) has urged the Federal Government to prioritise investment in infrastructure to improve the country’s business environment and boost economic growth.

Mr Godwin Emefiele, the CBN Governor made the call Tuesday night, November 23, in Abuja while reading the communique on the 282nd Monetary Policy Committee (MPC) meeting of the apex bank.

Emefiele said that the MPC observed the impact of poor infrastructure on rising domestic price levels.

He, however, commended the government’s effort at economic diversification while calling for more support to boost non-oil exports.

Also Read: Fani-Kayode debunks claims of arrest by EFCC

“The Committee commended the gradual diversification of the economy with the increased contribution of the non-oil sector to Government revenues.

“It called for more support to increase non-oil exports as a source of foreign exchange earnings into the economy.

“Members also reiterated the impact of poor infrastructure on rising domestic price levels, urging the Federal Government to prioritise investment in public utilities to improve the business environment.

“These include transportation networks, power supply, education, and health,” he said.

He suggested that funding for such projects could be sourced through equitable partnerships with foreign investors and Nigerians in the diaspora.

Emefiele explained that various intervention schemes by the apex bank in manufacturing, agriculture, healthcare, amongst others, have contributed immensely to growing the economy.

“Under the Targeted Credit Facility, the CBN has disbursed a total of N363.49 billion to 766,719 beneficiaries, comprising 638,070 households and 128, 649 small businesses.

“Under its Agribusiness Small and Medium Enterprise Investment Scheme (AgSMEIS), the bank has released N134.63 billion to 37,571 entrepreneurs,” he said.

He, however, noted the negative impact of COVID-19 on the global economy and called for a robust vaccination programme to stem the tide, especially with the emergence of new variants of the virus.

Meanwhile, the Federal Government (FG) via the National Oil Spill Detection and Response Agency (NOSDRA) has stated that it has rolled out strategies to tackle incessant oil spills in communities in the Niger Delta.

NOSDRA Director-General, Idris Musa, disclosed this at a one-day Community-based Disaster Risk Reduction (DRR) plan on Tuesday, November 23, in Port Harcourt, organised by NOSDRA to create awareness on the dangers of pipeline vandalism.

Represented by Mr Oladipo Obanuwa, NOSDRA’s Director, Asset Safety and Mitigation, Musa said the FG new strategy involves the deployment of its DRR plan to all states in the region.



Security forces kill 70 bandits in Niger forests, free 500 stolen cattle



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From John Adams, Minna

The total war against gunmen in Niger State declared by the state governor, Alhaji Abubakar Sani Bello two weeks ago has been yielding positive results, as the Joint Security Taskforce has neutralized over 70 armed bandits in the last one week.

The Joint Security Task Force, which also comprises special hunters in the state, have equally intercepted over 500 cattle.

The Joint Security Task Force has intensified it operation in the forests at Galadiman- Kogo, Kusasu, Alawa and Erena communities in Shiroro Local Government and Kutchi, Zagzaga, Guni and Katarma in Munya Local Government Area of the state.

The Commissioner of Local Government, Chieftaincy Affairs and Internal Security, Emmanuel Umar confirmed the on-going operation when he spoke with newsmen in Minna, saying that a number of the gunmen have met their waterloo in the hands of the Joint Security Task Force.

He pointed out that the recovery consisted of over 300 cows and over 200 sheep, adding that many more were still being recovered as the gunmen are on the run.

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All the animals, which were rustled by the gunmen, he said were being kept under the care of the Ministry of Livestock in the state, waiting for the owners to come forward to claim them.

He disclosed that a number of the gunmen were heavily neutralized while some members of the Joint Security Task Force were killed during the encounter with the gunmen.

While appreciating the sacrifice of the security men to the state and the country in general, the commissioner assured that the government would take care of the families of the slain officers.

Umar said the onslaught against the gunmen in the state would be a continuous exercise until the state is rid of all rustlers, kidnappers and other criminal elements.

A number of the gunmen were arrested during the gun battle; the commissioner however did not disclose the number of arrest made so far.


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Master plan: Abuja needs to be surveyed, says surveyor-general



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From Isaac Anumihe, Abuja

Following the increasing rate of violation of the master plan of the Federal Capital Territory (FCT), Surveyor General of the Federation  (SGoF), Abuduganiyu Adeyemi Adebomehin, at the weekend, stated the need to survey the entire Abuja for effective monitoring.

In a statement, Head of Press and Public Relations of Office of the Surveyor General of the Federation, Mr. Abu Michael, said that apart from the violation against the master plan of the country’s capital, there are other emerging inimical activities that might frustrate the developmental efforts of the government. The SGoF also noted that surveying the capital would equally help towards the even distribution of infrastructure and ensure good road network.

Speaking while playing host to the Chairman of the Nigerian Institution of Surveyors (NIS), Abiodun Peter Alonge, who led the Chairman of the Association of Private Practising Surveyors of Nigeria (APPSN), Solomon Olutokun with fresh officials of the FCT chapter to the Survey House in Abuja, Adebomehin called for the engagement of qualified surveyors in every stage of a project in the Federal Capital Territory (FCT) for seamless improvement and durability of projects.

According to him, surveying remains an integral factor to the growth and durability of especially projects of physical development because man uses earthly materials to improve his environment for beneficial living.

“Surveying gives man the idea of his land space, location and quantity of the material resources therein to enhance effective planning, utilisation of the resources and implementation.

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“It has been acknowledged that the most developed countries of the world today are the ones that ensured surveying in their development enterprise and placed high premium on the use of geospatial data and maps for planning and implementation,” he said.

Adebomehin observed that Abuja was still in its first and second stage of development and would require requisite geospatial inputs to achieve the desirable physical infrastructural arrangements and expansion for the entire Abuja.

He appealed to the NIS, APPSN and other surveying professional bodies to work in tandem with the Office of the Surveyor General of the Federation (OSGoF) towards providing the Federal Government the requisite geospatial data and models for the planning and implementation of projects for the proper development of the FCT and Nigeria as a whole.

Earlier, Alonge and Olutokun commended the giant strides recorded by Adebomehin within the few months he superintended over the activities of OSGoF. They commended his vision and efforts towards putting the country’s apex surveying and mapping office on world-class pedestal.


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Insecurity in schools: NSCDC sensitizes education stakeholders



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From Rose Ejembi, Makurdi

To forestall the increasing spate of insecurity in schools across the country, the Benue State Command of the Nigerian Security and Civil Defence Corps (NSCDC), has stressed the need for all security guards in all schools in the state to be duly registered and trained by licensed private guards. 

State Commandant of NSCDC, Dr. Philip Okoh stated this during a stakeholders’ meeting with key actors in the educational sector held at the state command of the Corps recently.

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Okoh, while addressing the stakeholders, said the training became necessary following reports of kidnapping and other vices linked to security guards in schools around the country and the need to prevent such occurrence in Benue.


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