Politics
New Naira: Buhari To Decide In Seven Days
President Muhammedu Buhari has pleaded with the citizen of the country to grant him a seven day period to resolve the problem of cash scarcity which has been an issue since the implementation of the Re-designed note in the country.
Buhari made this statement in a meeting with Governor forum on Friday, at the presidential villa. The meeting was intended to find solutions to the lingering situation which has become a threat in the transformation of the economy of the country.
In his statement, Buhari said, the implementation of the new currency will boost the country’s economy as well as provide a long term benefits to the people. He further express doubt on banks commitment in the success of the re-design policy.
“Some banks are inefficient and only concerned about themselves”, said the President, “even if a year is added, problems associated with selfishness and greed won’t go away.” He said.
He said he had seen cash shortages and hardship to local businesses and ordinary people as reported by newsmen and gave assurances that the balance of seven of the 10-day extension will be used to crack down on whatever stood in the way of successful implementation.
“I will revert to the CBN and the Minting Company. There will be a decision one way or the other in the remaining seven days of the 10-day extension,” the President was quoted to have said in a statement by his spokesman, Garba Shehu.
The governors however told the President that, while they agreed that his decision on the renewal of currency was good and they are fully in support, its execution had been botched and their constituents were becoming increasingly upset.
They further said that, as leaders of the government and party in their different states, they were becoming anxious about a slump in the economy and the series of elections that are coming.
They requested the President to use his powers to direct the concurrent flourish of the new and old notes till the end of the year.
The President said when he considered giving approval to the policy, he demanded an undertaking from the CBN that no new notes will be printed in a foreign country and they, in turn, gave him assurances that there was enough capacity, manpower and equipment to print the currency for local needs. He said he needed to go back to find out what was actually happening.
In the quest to ramp up the push against the negative effects of climate change, Osun State Governor, Senator Ademola Adeleke has approved changes in the leadership of the state’s climate change team.
Consequently, Gov Adeleke directed the abolition of the office of Senior Special Assistant on Climate Change and the redeployment of the SSA on Climate Change, Prince Moruf Adedapo, out of the sub sector to the pool of SSAs.
To add bite to the changes, Gov Adeleke also directed the movement of the office of the consultant to the state on climate change and renewable energy from the Ministry of Environment to the Governor’s Office.
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Biztellers reports that with the changes, the consultant, Prof Chinwe Obuaku will henceforth be reporting to Gov Adeleke directly.
A government statement underpins these to “a strategy to give bite to the administration’s push to fast track implementation of adaptation and mitigate climate actions”.
As part of the leadership reforms, Gov Adeleke further directed that liaison between the state government and federal agencies as well as development partners on climate matters should be coordinated by the state consultant.
It was gathered that stakeholders would henceforth be relating with the state consultant on climate related matters as the office of SSA on Climate Change no longer exists.
Osun State Governor, Senator Ademola Adeleke has expressed the view that his administration is an agent of development that has positively touched all sectors of the Osun society within just two years in office.
He made the pronouncement while presenting Budget 2025 tagged “Budget of Sustainable Growth and Transformation” to the State House of Assembly, with members of the State Executive Council present at an annual event hosted by the House Speaker, Right Honourable Adewale Egbedun.
Gov Adeleke noted that “the total size of the Budget 2025 is Three Hundred and Ninety Billion, Twenty-Eight Million, Two Hundred and Seventy-Seven Thousand, Seven Hundred and Forty Naira Only (390,028,277,740.00).
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“The expenditure comprises Capital Expenditure of One Hundred and Forty-Four Billion, Two Hundred and Thirty-One Million, One Hundred and Eighty-Three Thousand, Eight Hundred Naira (N144,231,183,800.00), Recurrent Expenditure of Two Hundred and Forty-Five Billion, Seven Hundred and Ninety-Seven Million, Ninety-Three Thousand, Nine Hundred and Forty Naira Only (N245,797,093,940.00).
“Recurrent Expenditure is divided into Personnel cost, which is made up of salaries and allowances, as well as Pensions and Gratuities and stands at One Hundred and Two Billion, Eight Hundred and Ninety-Five Million, Eight Hundred and Twenty-One Thousand, Ten Naira Only (₦102,895,821,010.00).
The balance of One Hundred and Forty Two Billion, Nine Hundred and One Million, Two Hundred and Seventy Two Thousand, Nine Hundred and Thirty Naira Only (₦142,901,272,930.00) is set aside.
“Our Revenue consists of Recurrent Revenue, where Government share of FAAC is One Hundred and Ninety-Six billion, Seven Hundred and Seventy-Eight Million, Nine Hundred and Seventy-Five Thousand, One Hundred and Eight Naira Only (₦196,778,975,180.00 and Independent Revenue is One Hundred and Nine Billion, Eight Hundred and Seventy Million, Nine Hundred and Thirty-Two Thousand, Eight Hundred and Thirty Naira Only (₦109,870,932,830.00).
Other receipts from development partners are Fifty-Three Billion, Three Hundred and Seventy-Seven Million, Two Hundred and Forty-Four Thousand, Six Hundred and Ten Naira Only (₦53,377,244,610.00).”
He affirmed that his administration has recorded unprecedented progress across the sectors which will be unveiled in details during the midterm anniversary holding for a week later this month, submitting a synopsis to the Assembly.
According to the Governor, “our administration has reduced rural Health Access gap by 40% through rehabilitation of over two hundred Primary healthcare centers; We have increased health care access to all pensioners from less than 10% to 90% within two years;
“We closed road infrastructure gap and deficit by 50% from 80%; we took agric mechanization from 0% to 35%; We built digital economy policy structures from 0% to 55%; We built public service integrity from 25% to almost 70%;
“We expanded local content from 0% to 75%; We built climate agenda from 0% to over 70%; We raised state financial support for cooperative societies from 0% to 66%; We expanded financial support to ward cooperative societies from 0% to over 60%;
“We built Ilesa University from 15% to over 90%; We redeveloped Odeomu Cooperative College to HND institution; We increased Osun Google coverage from 20% to 65%; We launched phased bursary award from 0% to 40%; We liquidated 40% of inherited salary debt;
“We paid up over 35% of inherited pension debt; We improved School infrastructure by over 40 percent; We enhanced rural Infrastructure by over 40 percent with over 300 completed rural projects”, the Governor affirmed, adding that “Osun State has not taken any loan (External or Domestic).
“We rely solely on the prudent management of available resources to meet the yearnings and aspirations of the good people of Osun State. This is our goal and with God on our side we will not derail”, the Governor told the lawmakers.
Edo State Governor, Senator Monday Okpebholo, has announced a sweeping dissolution of executives across all state boards of government agencies and parastatals.
In a statement released by Chief Press Secretary, Fred Itua, the governor confirmed that the affected officials are to vacate their positions immediately.
The decision, which was made public on Wednesday, also impacts Permanent Secretaries who were appointed from outside the Edo State Public/Civil Service, as well as political appointees across various government departments.
Governor Okpebholo directed that all outgoing officials hand over government property in their possession to the highest-ranking public officer within their respective agencies or departments.
“It is hereby announced for the information of the general public that the Governor of Edo State, His Excellency, Senator Monday Okpebholo, has approved the dissolution of executives of all boards, agencies, and parastatals in Edo State Public Service with immediate effect,” the statement read.
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