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Professor Osibanjo Says African Development Relies on Good Governance

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Professor Osibanjo Says African Development Relies on Good Governance

Vice-President Yemi Osibanjo laid emphasis on African Development replying on Good Governance

On African Development – According to a statement on Saturday by his Senior Special Assistant on Media and Publicity, Mr. Laolu Akande, the Vice President said this in a lecture titled “The Challenges of Human Development in 21st Century Africa” which he delivered at the Oxford University, United Kingdom, on Friday.

Professor Osibanjo Says African Development Relies on Good Governance

CAPTION: (Stock Photo) Professor Osibanjo on African Development – PHOTO CRED: TheNation

Osinbajo said human capital development must be a priority of public policy of governments across Africa to effectively tackle poverty and improve long-term development on the continent.

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STILL ON AFRICAN DEVELOPMENT BY VP OSIBANJO

“All over Africa, the political will to better the lot of our restive populations is evident, innovative ideas are also in abundance; if we keep our focus, especially on good governance, the next two decades may truly be the African decades,” he said.

Osinbajo highlighted ongoing efforts of the Nigerian government and the progress it has made in improving the country’s Human Capital Development indices and investment climate, as well as the impact of the National Social Investment Programmes.

He said while non-governmental and philanthropic organisations help to bridge development gaps through various interventions, governments have a major moral duty to ensure human capital development is its major priority as tackling poverty will boost growth and development across different sectors.

“Governments are also best placed to deploy the public policy tools required to bring about synergy between growth objectives and social needs,” he said, while calling on African governments to prioritise investments in its people.

He said the present administration’s N-SIP was among its far-reaching policies in this regard, noting that it will continue to make policies and initiatives to improve human capital development in Nigeria.
The Vice President noted that a major plank of the Federal Government’s approach to empowerment “is to improve financial inclusion.”

“Our Government Enterprise and Empowerment Programmeis an important tool for financially empowering small businesses, artisans, market women, petty traders, and table top traders,” he said.

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Labour Force

Kogi Governor Approves Implementation of N30,000 Minimum Wage for workers

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Kogi Governor Approves Implementation of N30,000 Minimum Wage for workers

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

 

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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

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Finance

CBN to End Forex Sales to Commercial Banks in 2022

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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.

 

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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

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Customs Corner

Customs CG Deploys 37 Comptrollers as Comptroller Attah Heads Kebbi Command

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Customs CG Deploys 37 Comptrollers as Comptroller Attah Heads Kebbi Command

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.

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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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Customs Raises Concerns over Finance Act as Senate Sets N3trn Target for Revenue Agencies

Comptroller Ali Ibrahim Assumes Duty as New Customs FOU Zone ‘C’ Boss

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