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Naira Redesign: CBN Governor Fighting Back For Losing Presidential Bid —- Ganduje

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Governor of Kano State, Abdullahi Ganduje, said the untimely implementation of the naira swap policy, was deliberately done by the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, as a retaliation for his failed presidential bid.

Mr Ganduje stated this on Sunday during a campaign rally, held at Tsanyawa Local Government Area, his media aide, Abba Anwar, said in a statement.

“The CBN Governor is only doing this to confuse the forthcoming elections for no just reason.

” He (Mr Emefiele) has not been in good mood for long, because he failed to secure a presidential ticket on the platform of our great party, the APC,” Mr Ganduje told voters at the rally.

The governor said the Kano State government and the APC in the state are against the timing of the naira redesign policy of the CBN governor.

“Currency redesign is done across the globe, but not in the way we are witnessing in our country. The timing is wrong, the deadline given is very wrong and deliberate,” Mr Ganduje said.

Mr Ganduje said he is summoning bank managers in the state for a briefing with the aim of finding a solution to cushion the effects of the hardship caused by the scarcity of naira notes.

“They should come over and explain to us, why our people are still suffering over this issue of naira swap. And I will go to them individually to supervise what is happening and what,” the governor said.

Meanwhile, Mr Ganduje said the Kano government will distribute palliative to residents across the state to mitigate the suffering caused by the naira redesign.

“We have a plan in the pipeline to start distributing palliatives very soon across all the 44 local governments, to cushion the effect of the hardship caused by the CBN Governor, to our people,” the governor said.

Mr Ganduje visited the palaces of the district heads of Kunchi and Tsanyawa local governments. He urged community leaders to create awareness in their areas of influence that the hardship people face is caused by the CBN Governor, to confuse the democratic process.

The CBN announced the redesign of the three largest denominations of the naira – N200, N500, and N1,000 – in October. Many Nigerians have condemned the policy due to the scarcity of new notes.

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BREAKING: President Tinubu Appoints Kemi Nanna Nandap As Immigration Comptroller-General

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Nigeria’s President, Asiwaju Bola Ahmed Tinubu, has approved the appointment of Kemi Nanna Nandap as the comptroller-general (CG) of the Nigeria Immigration Service (NIS), effective from March 1.

Ajuri Ngelale, presidential spokesperson, in a statement on Wednesday, said Nandap will take over from Caroline Wura-Ola Adepoju, whose term in office will expire on February 29.

Before she was appointed as the CG, Nandap was the deputy comptroller-general in charge of the migration directorate of the service.

“The President anticipates that the new Comptroller-General will deepen the ongoing reforms in the service and create a robust mechanism for efficient and dedicated service delivery to Nigerians, as well as strengthen the nation’s security through proactive and effective border security and migration management,” the statement reads.

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FG Will Allow Massive Importation Of Cement If Prices Do Not Reduce Nationwide — Housing Minister Dangiwa Threatens Dangote, BUA, Others

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A day after the Nigerian government and major cement manufacturers in the country agreed to bring down the price of the product, Ahmed Dangiwa, the Minister of Housing and Urban Development, threatened the manufacturers that the government would allow massive importation of cement if the price was not reduced across the country.

Ahmed Dangiwa issued the threat on Tuesday in Abuja at a meeting with Cement and Building Materials Manufacturers.

It was gathered that major cement manufacturers in Nigeria, Dangote, BUA and Lafarge, at a separate meeting on Monday, agreed that the price of a bag of cement will not exceed between N7,000 and N8,000.

The resolution was reached following a meeting between the Minister of Works, David Umahi, the Minister of Industry, Trade and Investment, Doris Uzoka-Anite as well as representatives of BUA Cement, Dangote Cement, Lafarge and Cement Producers Association on Monday.

The price of a bag of cement, used for construction across Nigeria, has increased to about N13,000 in many parts of the country amidst a cost-of-living crisis that has led to spikes in the prices of goods and services across the country.

While Nigerians wait to see if Monday’s agreement with the cement manufacturers will be implemented, the government on Tuesday warned that it might open the borders for cement importation if manufacturers of the product fail to bring down the prices.

Mr Dangiwa expressed concerns that in the past couple of months, the country had witnessed an alarming increase in the prices of cement and other building materials.

“Clearly, this is a crisis for housing delivery. An increase in essential building materials means an increase in the prices of houses,” the minister said.

“We are not the only country facing these challenges, many countries are facing the same type of challenges that we’re facing, some even worse than that.

“But, as patriotic citizens, we have to rally round the country when there is crisis, to ensure that we do our best to save the situation,” he said.

Mr Dangiwa said the cement manufacturers are enjoying the benefits of government policies.

“The government stopped importation of cement in other to empower you to produce more and sell cheaper,” he said.

“Otherwise the government can open the borders for mass importation of cement, the price will crash, but you will have no business to do.”

He said the reasons given by cement manufacturers for the price increase – the high cost of gas and manufacturing equipment – were not enough for such astronomical pricing.

While cement manufacturers can control the prices they sell the product, wholesalers and retailers often, arguably based on their operational costs, sell at prices of their choosing.

Mr Dangiwa, however, said the government wants the manufacturers to compel the wholesalers and retailers to sell at fixed prices.

He expressed his displeasure at the position of the Cement Manufacturer Association of Nigeria (CEMAN) that the association “does not interfere with the pricing of cement.”

He said the association should not just fold its arms when things were going wrong.

“One person cannot be selling at N3500 per bag and another selling at N7000 per bag and you cannot call them to order,” he said.

“The association is expected to monitor price control, otherwise the association has no need to exist.”

Earlier, the Executive Secretary of CEMAN, Salako James, said the housing policy of the administration of President Bola Tinubu was laudable and every responsible Nigerian has to key into it.

He, however, identified some areas of concern and appealed to the government to look into them to tackle the issue of cement pricing.

Mr Salako identified the challenges of gas supply to heavy users like the cement industry and urged the government to create a window whereby gas will be bought with Naira instead of dollars.

He also complained about the distribution channel, stressing that there was a great difference between the price from the manufacturers and the market price.

He, therefore called for government intervention to help stabilise the situation and bring sanity to the economy.

At the end of the meeting, the minister directed that a committee should be constituted to review the situation and come out with implementable resolutions that would benefit the common Nigerian.

The three major cement producers, Dangote Plc, BUA Plc and Lafarge Plc were represented as well as other industry stakeholders.

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Labour Party’s National Chairman Julius Abure Arrested In Edo [VIDEO]

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Julius Abure, the National Chairman of the Labour Party, has been arrested by security operatives in Edo State.

Abure, on Wednesday, was arrested a few days before the party’s primary election in Edo State.

It was gathered that he was arrested by operatives of the Zone 5 police headquarters in Benin, Edo State.

A crowd had gathered at the entrance, with only police officers and a few VIPs allowed inside.

It was gathered that his arrest was the result of a petition forwarded to the Zone from the office of the Inspector General of Police in Abuja.

Abure was captured in viral videos and pictures being forcibly handled by police officers, while his supporters from the LP party tried to intervene to stop his arrest.

Confirming the incident, the Police Public Relations Officer of the Zone, Tijani Momoh, said, “There is a standing order for now that nobody should come in.

“Yes, the Labour Party National Chairman is here and it has to do with a petition that was referred to this office from the Inspector General of Police.

“It was referred to Zone 5 from the IG’s office, he is with us but I cannot give the contents of the petition right now.”

When asked if he was being detained or just to take his statement, Momoh said, “I don’t know for now.”

Abure has been having running battles with some members of the party in the state over allegations of substituting candidates in the 2023 general election without the consent of the affected aspirants, an allegation he has denied.

It was also gathered that the arrest may be connected to the factional crisis rocking the party as a factional national youth leader was recently brutalised by some suspected members of the party.

Abure has also come under fire for allegedly mishandling party funds.

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