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APC Governors Oppose CBN’s February 10 Deadline for Old Naira Notes

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In a recent development, governors from Nigeria’s ruling All Progressives Congress (APC) have voiced their opposition to the Central Bank of Nigeria’s (CBN) February 10 deadline for the old N200, N500, and N1,000 naira notes to cease being legal tender.

The governors argue that the policy’s implementation has led to significant hardships for Nigerians, particularly in rural areas where access to banking services is limited.

The APC governors have expressed concerns that the scarcity of the new naira notes is disrupting daily life and economic activities. They highlight that many citizens are struggling to access cash, which is essential for their livelihoods.

In response to these challenges, the governors have sought a meeting with President Muhammadu Buhari to discuss the implications of the policy and to advocate for an extension of the deadline.


 

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Ngozi Okonjo-Iweala Says Nigeria Lacks a Maintenance Culture

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The Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, has spoken on Nigeria’s economy, stating that the country lacks a good maintenance culture.

She said “The fact is that endowments alone do not add value. Budgetary allocations alone do not lead to new roads or good maintenance.”

“We lack a maintenance culture in the country. I have to say that. I’m Nigerian, but we need that. We need better ports and digital infrastructure, and lower trade costs. Execution is what matters, and successful execution requires focus. It requires prioritisation.”


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Peter Obi Criticises President Tinubu’s Statement on Hunger

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Politician and former presidential candidate Peter Obi speaks on President Bola Tinubu’s comments regarding the rising hunger and worsening economic situation in Nigeria.

It can be noted that the President recently stated that hunger has always existed in Nigeria.

Peter Obi responded “I watched with deep concern the statement made by President Bola Tinubu to the Catholic Bishops, that there has always been hunger in Nigeria, even before he was born.”

“While it is true that hunger has been a part of human life and has existed in our country for decades, such a statement appears insensitive to the plight of the millions of Nigerians who face worsening economic hardship today.”


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Nigerian Army Launches New IED Training Programme

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Reports have been shared stating that the Nigerian Army has launched a new programme designed to train and improve the skills of engineers in tackling threats posed by Improvised Explosive Devices (IEDs).

The seminar is being organised by the 41 Engineer Brigade of the 1 Division Nigerian Army.

It was stated “Improvised Explosive Devices have become one of the greatest security threats confronting the Nigerian Army in ongoing counter-insurgency operations. Their widespread use has complicated military operations and humanitarian activities in conflict-affected areas.”


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