Naija News
FG Moves For ECOWAS Brown Card Full Implementation
The Federal Government has moved for the ECOWAS Brown Card full implementation, the Insurance Scheme to guarantee prompt compensation to victims of road accident within the ECOWAS member states.
Zainab Ahmed, the Minister of Finance, Budget and National Planning,speaking at the inauguration of Mr Ganiyu Musa, as the chairman of Council of Bureaux, ECOWAS Brown Card Insurance Scheme, in Abuja.
Minister of finance, In a statement on Wednesday, she said that, the existence of the scheme and its effective implementation would stimulate integration of the West African regional block preparatory to the full implementation of the African Continental Free Trade Area subscribed to by most of ECOWAS countries.
Zainab Ahmed, who was represented by Mr Sunday Thomas, the Commissioner for Insurance, National Insurance Commission, applauded the initiative that welcomed the free movement of goods and services within a sub-region and promotes intra-regional investments and cooperation.
She added it was a huge step in the right direction for economic integration.
According to her, the new chairman of the bureaux would be examining the appropriate governance for the National bureaux, she said, there were challenges that must be addressed if the objectives of the ECOWAS Brown Card Scheme was to be fully achieved.
She mentioned some of those challenges, include lack of respect for the agreement signed by members of the countries; delay in settlement of claims due to victims; and inadequate funding of the National Bureaux.
Others, she added, were lack of good technology application in the distribution and general implementation of the scheme, lack of public awareness and education; fraud in the acquisition of the certificate at the borders; inadequate commitment to reconciliation and cross settlement; among others.
Musa, in his acceptance speech, promised to address all the highlighted challenges bedevilling the success of the scheme, promising to leverage on the successes already recorded to reshape and foster the scheme among West African countries.
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Kogi state governor, Yahaya Bello, has approved the implementation of N30,000 as minimum wage for the workers in the state.
The secretary to the state government, Folashade Ayoade disclosed this on Tuesday after an extensive meeting with the organized labour in Lokoja
She blamed the delay in the implementation on the inability for the committee to meet regularly due to the covid-19 pandemic which has been overcome.
The SSG equally commended the organised labour for their understanding and patience, which she said has resulted into the signing of the implementation of the new minimum wage.
Read Also: FCTA Set to Implement Minimum Wage for FCT Workers
Author: Eunice Johnson, Abuja
The Central Bank of Nigeria (CBN) has put Deposit Money Banks (DMBs) on notice that it will stop selling forex to them by the end of 2022. CBN Governor Godwin Emefiele made this known in Abuja on Thursday at the end of the Bankers’ Committee Meeting where he also introduced the RT200 Programme.
Emefiele said the time had come for the banks to go out there and source for forex by funding entrepreneurs with ideas. The CBN, Emefiele said, will support the banks by granting rebates and other support until the banks find their feet in sourcing their forex by themselves.
He also disclosed that the apex bank’s policies and measures have led to a significant improvement in diaspora inflow from an average of US$6 million per week in December 2020 to an average of over US$100 million per week by January 2022. He added that the CBN would be reviewing these intervention programmes going forward to ensure that they continue to achieve the desired results.
He said international bodies, including some embassies and donor agencies, have been complicit in illegal forex transactions that have hindered the flow of foreign exchange into the country.
Read Also: CBN Encourages Nigerians to Accept E-Naira
Author: Gift Wada, Abuja
The Comptroller General of Customs Col. Hameed Ibrahim Ali (Rtd.) has approved the deployment of 37 Comptrollers to various Units, Departments and Commands across the country.
This was disclosed in a release signed on Tuesday by the Customs Deputy National, DC Timi Bomodi for the Comptroller General of Customs.
Among those deployed are the present National PRO of Customs Comptroller Joseph Attah who will assume the office of Area Controller of Kebbi Command, Comptroller AAS Oloyede who shall be moving from ICT/MOD to Tin Can Island Port Command, while Comptroller SI Bomoi to FCT Command. Other postings are Comptroller BA Jaiyeoba to Oyo/Osun Command, Comptroller A Dappa-Williams to Eastern Marine Command, Compt. MA Umar Kano/Jigawa, Compt. KC Egwuh ICT/MOD, Compt. LM Mark Enugu/Anambra/Ebonyi, Compt. T Tachio CTC Kano, Compt. AA Umar Western Marine, Compt. M Dansakwa North Eastern Marine, Compt. AC Ayalogu T & T and Compt. KD Ilesanmi will assume duty as Comptroller Board among others.
Ali in postings released on 7th of February, charged the newly posted Comptrollers to justify the confidence reposed in them by NCS Management by bringing to bear their years of experience and training in trade facilitation and anti-smuggling activities on their new assignment.
Given the enormous expectations of government regarding revenue generation in the current year, the Comptroller General reiterated the need for all Area Controllers and Unit heads to take full charge of the affairs of their Commands by ensuring absolute compliance with extant fiscal policies while leveraging on the efficient management of data to optimize trade facilitation and revenue collection.
Furthermore, the CGC directed all officers to be extremely vigilant in protecting the lives and wellbeing of Nigerians by ensuring the full fortification of our borders against the incursion of smugglers and other cross border criminals.
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