Business
VP Urges Obedience, Sacrifice To Allah
Vice President Goodluck Jonathan has called on Muslims in the country to let the obedience and sacrifice to the Almighty Allah be their watchword.
Vice President Jonathan made the call at Abuja Central Mosque yesterday during this year’s Eid el Kabir celebration.
He noted that the willingness of Prophet Abraham to sacrifice his son Isaac was the height of obedience to Allah on how to achieve greatness, adding that the gesture is being remembered by Muslims by the slaughtering of cows, sheeps and goats during festive periods.
The Vice President noted that the fact that about one third of the meat would be eaten by the family, while the remaining two thirds would be given to friends, well wishers and the poor symbolizes the actual willingness to give out things by the Muslims from their hearts in obedience to Allah’s command.
In his own message the Senate President, Mr David Mark urged Nigerians to imbibe the virtue of sacrifice, tolerance and peaceful co-existence.
Senator Mark also called on Nigerians to be guided by the holy teachings of Prophet Mohammed which among others preaches love, peace and unity.
He also reassured Nigerians of the Senate’s commitment to impact positively on the lives of the citizens, adding that the Senate would pass the 2010 budget soon and fast-track other bills in line with the delivery of dividends of democracy.
Earlier he said that the Senate would co-operate and collaborate with the positive guidelines at all levels.
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.