Opinion

Experts say Cash withdrawals, ATMs limits heavy blow on looters, kidnappers, others

Experts say Cash withdrawals, ATMs limits heavy blow on looters, kidnappers, others

Economic experts have said that the Central of Nigeria, CBN, revised policy on cash withdrawals is a heavy blow to looters of government funds, kidnappers, and fraudsters. A breakdown of CBN’s revised guidelines on the practical implementation of the naira redesign policy stated that starting from 9th January 2022, Automated Teller Machines, ATM/ Point of Sales, and POS withdrawals would be limited to N20,000 Per Day. The notification also disclosed that Automated Teller Machines, ATM, will dispense N200 and downward denominations, and defaulters of maximum deposit limit will have to pay 5 percent and 10 percent, respectively, as charges. It…
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133 million poverty index: Twists, turns as FG, States trade blame

133 million poverty index: Twists, turns as FG, States trade blame

The recent report by the Nigeria Bureau of Statistics (NBS) that about 133 million Nigerians live in poverty is generating serious controversy, with the Federal and State governors now trading words. Recall that in the early month of November, NBS disclosed that 133 million Nigerians were multi-dimensionally poor, saying that the figure represents 63 percent of the country’s population. The report blamed the country’s rising poverty on poor access to education, living standards, health, employment, and security. It further indicated that 65% of the country’s poor people (86 million) live in the North, whereas 35% (nearly 47 million) live in…
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MUK Promises To Review ASOPADEC Bill, Seeks For Inclusion Of Ukwa East

MUK Promises To Review ASOPADEC Bill, Seeks For Inclusion Of Ukwa East

The 2023 Abia state governorship candidate of the Action Peoples Party (APP), Chief Mascot Uzor Kalu, has promised to review the bill setting up the Abia State Oil Producing Area Developing Commission (ASOPADEC) for the inclusion of Ukwa East L.G.A. Chief Kalu made this known yesterday in the Ohuru Nkporobe Autonomous Community of Ukwa East after his attention was drawn to the four uncapped oil wells of the community. The former Chief of Staff to the Abia State Government, who admitted that he never knew Ohuru had oil wells when he initiated the executive bill for the formation of ASOPADEC,…
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2023 Abia Guber: Mascot Uzor Kalu Is Our Choice — Abia Indigenes In Diaspora

2023 Abia Guber: Mascot Uzor Kalu Is Our Choice — Abia Indigenes In Diaspora

Abia indigenes in the diaspora have endorsed Chief Mascot Uzor Kalu, the Action People's Party (APP) candidate, for the 2023 governorship election in Abia State. The Abia indigenes from the 17 local government areas of Abia State, resident in Benin Republic disclosed this in a statement released on Monday morning and signed by Hon. Chief Paul O. Uche, Chairman Abia State in Diaspora Cotonou, Benin Republic; The former Chairman, Umuahia Community Cotonou, Hon.Uwakwe E.; Chairman and Secretary General, Nkporo Community Cotonou, Mr. Aso Igwe and Mr. Patrick Ude. They stated that the group took the position during the Abia indigenes…
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We’ll Change The Fortunes Of This State, Mascot Uzor Kalu Guarantees Ukwa East

We’ll Change The Fortunes Of This State, Mascot Uzor Kalu Guarantees Ukwa East

The infrastructural, economic, and human capital fortunes of Abia state will soon change for the better, as the state's governorship candidate of the Action Peoples Party (APP), Chief Uzor Kalu, has expressed the readiness of his party to turn around the nosedived fortunes of the state to the benefit of the Ukwa bloc and other parts of the state. Speaking at Ukwa East L.G.A. yesterday for his ongoing ward-round tour, the former Chief of Staff to the Abia State Government outlined several economic projects that would be sited in the area, which, according to him, will change the fortunes of…
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