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Stoppage of foreign exchange to BDCs: MAN applauds CBN decision

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Stephen Olufemi Oni, Ilorin

National President of the Manufacturers Association of Nigeria (MAN), Engr. Mansur Ahmed, has given support of his Association to the Central Bank Governor, Godwin Emefiele’s decision to withdraw foreign exchange from Bureaux De Change (BDCs) in the country.

The MAN boss, who lamented the effects of activities of the BDCs on the manufacturing sector said though CBN policy would temporarily hike exchange rate, said this would be temporary and at the end the country’s economy would be better for it.

Engr. Ahmed spoke in Ilorin, the Kwara state capital, at the Annual General Meeting (AGM) of Kwara and Kogi states branch of the association, stressing that foreign exchange is not a commodity that should be taken to the market and traded.

“The decision by the CBN to withdraw supply of foreign exchange from the Bureaux De Change is one that the manufacturing sector is fully in support of”, he enthused, adding: “Foreign exchange is not a commodity that should be taken to the market and traded. Its availability is intended to allow those that are producing goods and services to bring in the necessary materials and equipment required in order to produce those goods and services at affordable prices.”

Ahmed commended the efforts of the Governors of Kwara and Kogi states, AbdulRahman AbulRazaq and Yahaya Bello respectively, in improving infrastructure, including transport, energy and security, urging them to sustain and improve on the provision of these facilities within and around industrial areas.

In particular, the President stressed the need for the governors to direct attention to the Ajaokuta-Lokoja axis in Kogi state and the Avon road in Asa , Kwara state in order to boost industrial activities and expand opportunities for jobs and wealth creation activities for the citizenry in the two states.

“Other initiatives that will make your States more attractive to investors will include the establishment of industrial parks and expansion of skill acquisitions centres for the growing numbers of young peoplex, he added.

Lauding the two governors for their roles in resolving the haulage tax which had bothered manufacturers, MAN boss said it is imperative for government at all levels to engage and consult with the private sector more closely, noting that this would facilitate a shared understanding of what must be done to build resilience and emerge stronger.

In his welcome address, the Branch Chairman, Pharm. Bioku Rahmon, said there are certain wearying disorders which the government must quickly address in order to effectively provide a sustainable plate of support for Nigerian industrialists.

These, he said, “include high and fast rising debt profile of Nigeria which continues to weaken government’s capacity to build the infrastructure required by industries; mounting insecurity in Nigeria; sharp and continuous fall in the value of Naira; shrinking access to loan opportunities; lengthy processes and delays in the clearing of goods at the Nigerian Ports, multiple taxation, and scarcity of foreign exchange currency (Dollar).”

These disorders and other sundry matters, he said, constitute a great hindrance to the growth and development of private industries in the country, adding that government must holistically address these challenges if Nigeria is to develop economically and industrially.

The Chairman said: “Government which opened our door to to this continental competition owes us of only moral duty but also legal obligation to rescue us by providing the required infrastructural and institutional backups to enable us adapt to this Africa-wide competition.”

Rahmon commended Governor AbdulRazaq on his administration’s delivery of effective, efficient and people oriented service in the state, particularly the giant strides of the administration on the security front.

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Super Eagles: Chelle Explains Decision to Invite New Players

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Super Eagles head coach Éric Chelle has defended his decision to hand opportunities to several new players during the Unity Cup and the international friendly against Poland, saying the move is part of efforts to strengthen the national team.

According to DAILY POST, Chelle included eight home-based players in his squad for the Unity Cup invitational tournament as he continues to assess new talents capable of improving the team.

Players such as Femi Azeez, Owen Oseni, Arthur Okonkwo, and Rafiu Durosinmi all made their debut appearances during the competition.

Banik Ostrava defender Abdullahi Bewene also earned his first cap for the Super Eagles in the friendly against Poland, while Genk defender Christian Akpan received a late invitation for the upcoming friendly against Portugal.

Speaking to the Super Eagles media team, Chelle said the inclusion of fresh faces is aimed at raising the quality and competitiveness of the squad.

“We have analysed our game over the past year and have tried to bring in players who can help the team grow,” Chelle said.

“We need to improve because, for me and for everyone, it is often the smallest details that make the difference between being the best team and winning a trophy.”

The Malian tactician has continued to experiment with his squad since taking charge, with a focus on building a stronger and more competitive team ahead of future international competitions.

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“I Left the Frying Pan for Hellfire” — Senatorial Aspirant Laments Exit from APC to NDC

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Ehiozuwa Agbonayinwa, an aspirant for the Edo South Senatorial seat under the platform of the Nigeria Democratic Congress (NDC), has expressed deep frustration over his experience in the party, describing his defection from the All Progressives Congress (APC) to the NDC as “moving from the frying pan into hellfire.”

Speaking on Arise NewsNews Day programme on Friday, the former member of the House of Representatives alleged that despite winning the party’s senatorial primary election, he is now being prevented from appearing on the ballot.

Agbonayinwa further accused the NDC’s national leader, Senator Seriake Dickson, of reneging on earlier encouragement for him to contest the Senate seat on the party’s platform. According to him, Dickson personally persuaded him to purchase the party’s expression of interest and nomination forms, only to later deny ever doing so.

“I have moved from the frying pan into hellfire,” Agbonayinwa said.

“After efforts to reach a consensus failed, we proceeded to a direct primary election. Party leaders brought all the aspirants together and encouraged us to step down for one another, but no agreement was reached.

“We went through a rigorous process. I understand the party is relatively new, but in all my years in both the APC and PDP, I have never witnessed this kind of situation. The primary election was held on May 29, and as of June 5, the results have still not been officially announced.”

The former lawmaker said he was particularly disappointed by the role allegedly played by Dickson, whom he described as a longtime friend and respected associate.

“Before joining the NDC, I reached out to Senator Seriake Dickson and later visited him at his residence. During our discussion, he asked why I could not pursue a Senate seat under the NDC platform.

“At the time, I was considering contesting for the House of Representatives, but after his suggestion, I told him I would consult with my political leaders. After doing so, I informed him of my decision and thanked him. To my surprise, the same person who encouraged me to obtain the nomination form has now claimed he never made such a recommendation,” he stated.

Agbonayinwa maintained that the handling of the primary election process has left him frustrated and disillusioned, raising concerns about transparency and internal democracy within the NDC.

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Some Nigerians Have Turned Insecurity Into a Commercial Venture — PDP Chieftain

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A chieftain of the Peoples Democratic Party (PDP), Anthony Ehilebo, has expressed concern over the worsening security situation in Nigeria, alleging that some individuals now view insecurity as a profitable enterprise.

Speaking on News Central’s Politics HQ on Friday, Ehilebo said the failure of authorities to bring perpetrators of major terrorist attacks and kidnappings to justice has contributed to the continued spread of insecurity across the country.

He cited the abduction of schoolgirls in Borno State and the attack on students in Buni Yadi as examples of incidents in which those responsible have not been adequately held accountable.

“When Boko Haram kidnapped girls in Borno State, till today we have not found those responsible and held them to account. Buni Yadi happened and nobody was held to account, and it spread to other schools,” he said.

Ehilebo noted that insecurity in Nigeria has evolved into different dimensions, including terrorism driven by extremist ideology and criminal activities motivated by financial gain.

“There are multiple facets and there is one that is solely domiciled within terrorism and if you look at the literal translation of Boko Haram, it means western education is haram according to radical Islamic teachings,” he stated.

He also alleged that some people now engage in kidnapping and related crimes for economic reasons, citing a recent case involving a senior special assistant in a state government who was reportedly arrested for allegedly staging her own abduction in an attempt to obtain ransom from the government.

“It has now become an industry and a commercial venture for some and for some it has become literally a religious thinking process,” he said.

The PDP chieftain argued that the lack of consequences for criminal acts has encouraged the persistence of insecurity, stressing that stronger political will is required to address the challenge effectively.

“The bottom line that has kept this is the consequence, which is almost driven by political will,” he added.

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