Nation
Scarce New Naira Notes After CBN Deadline Creates Uncertainty
																								
												
												
											Nigerians have continued to face challenges in their financial transactions due to inadequate circulation of the newly redesigned Naira notes.
This follows the February10 deadline for the legal tender status of the old notes which expired on Friday.
The Tide source reports that stakeholders across the country are expressing frustration in accessing the new Naira notes.
While traders and other small business owners have stopped accepting the old Naira notes across the country, Nigerians who are still in possession of the old notes are left stranded.
This is in spite of a Supreme Court ruling, which urged the Federal Government to accept the old notes as legal tender until Feb. 15.
The apex court’s ruling was on a suit brought before it by the governors of Kaduna, Kogi and Zamfara states, seeking to halt the Naira redesign policy.
The Supreme Court had in a unanimous ruling granted an interim injunction restraining the Federal Government from implementing the Central Bank of Nigeria (CBN’s) Feb. 10 deadline for the swapping of the old naira notes with the new ones.
A financial expert, Mr Okechukwu Unegbu, urged the government to obey the ruling.
Unegbu, who is a past President of the Chattered Institute of Bankers of Nigeria (CIBN), said there was no need for Nigerians to panic.
He said the law mandates the CBN to accept the old Naira notes in exchange for the new ones anytime they were presented.
He urged the apex bank to obey provisions of the act that set it up, adding that the Naira redesign policy and currency swap were supposed to be long term projects.
“The President should imstruct the CBN governor to hold on until when the Supreme Court will consider the matter on February 15.
“The apex bank should also obey Section 20 of the CBN Act, which provides that it should continue to accept the old notes for swap, even when they cease to be legal tender,” he said.
Meanwhile, the National Council of State on Friday, urged the CBN to immediately make enough of the new Naira notes available to Nigerians or resort to circulating the old notes.
Rising from a meeting presided by President Muhammadu Buhari, the council, however, declared its support for the Naira redesign policy.
It said that there was the need for the CBN to ensure adequate provision of Naira notes in the system.
The CBN has also assured Nigerians of its capacity to meet the country’s Naira demand.
It denied a report that had gone viral on the Internet that the Naira shortage was due to challenges faced by the Nigeria Security Printing and Minting Company (NSPMC).
According to a statement by Osita Nwanisobi, CBN’s Director, Corporate Communications Department, at no time did the apex bank make such disclosure.
“What the CBN governor told the National Council of State meeting was that the NSPMC was working on printing denominations of the Naira to meet the transaction needs of Nigerians.
“For the avoidance of doubt, the CBN remains committed to performing its monetary policy function as stipulated in the CBN Act.
“We also wish to reiterate that the NSPMC has capacity and enough materials to print the required indent of the Naira,” he said.
He said that the apex bank was working assiduously to increase the circulation of new notes in the country.
Similarly, the NSPMC also expressed its capacity to produce and circulate adequate quantities of the new notes.
According to a statement by the company’s Managing Director, Ahmed Halilu, NSPMC has made adequate arrangement to continously produce redesigned banknotes as well as other denominations in line with the CBN indent for the year.
###
Nation
Don Seeks Funding of Language Centres
A professor of English linguistics at the Rivers State University (RSU) Nkpolu Oroworukwu Port Harcourt, Prof. Isaac Enyi Ngulube, has advocated for better and improved funding for language centres in Nigeria, such as NINLAN Aba and Nigeria French Language Village, Badagry, for optimum value and effective local languages development.
He also called for funded research on the development of orthographies and language documents across the country to rescue local languages from extinction, as well as having a well-planned and implemented mother tongue education in all institutions in the country, from primary to tertiary.
Prof. Ngulube made with these assertions while presenting his inaugural lecture at the university’s 121st inaugural lecture with the topic “The Career of Rough Beats: Language, Literature and the Development of our Common Humanity” held in Port Harcourt, Wednesday.
The erudite scholar, in the lecture, stressed that the study of English language, linguistics, and literature is very broad, large, and difficult, adding that he overcame the rough roads through resilience and determination.
He described language as “a purely human and non-instinctive means of communicating ideas and emotions,” noting that “the word is a fundamental need in language; you cannot study language without the use of language.”
He urged parents to be cautious with their utterances, warning that “what they refer to their children as is what they will automatically end up becoming.”
He recommended a branded English language for every profession or course of study, stressing that embedding oral literature in the teaching of students from primary to tertiary level will enable them to know their traditions and roots of origin.
“Tell them the folk stories and moonlight tales; you are sending them back to their people. You must be a human being first before becoming a medical doctor, engineer, or anything else,” Ngulube said.
He also called for better and improved production of quality language and literature teachers, provision of modern teaching/instructional materials, improved welfare packages for teachers, and provision of better infrastructure at both primary and secondary school levels.
He used the opportunity to appreciate the Vice Chancellor for the approval of the Department of English Language and Literature, adding that it had been his long-held dream for the university.
In his speech, the Vice Chancellor, Prof. Isaac Zeb-Obipi, while highlighting the lecture, opined that the lecturer x-rayed the lecturer’s journey into the study of English language, linguistics, and literature, describing the field as broad, large, and difficult, but with determination and focus, he was able to defeat the beasts he encountered on his way.
Zeb-Obipi agreed with the lecturer’s recommendations on ways to improve indigenous languages in the country and directed that modalities be worked out for the university to have the Department of English Language and Literature, among others.
He highlighted RSU’s recent victory in the Bilingual Community Project organized by the French Embassy, describing it as proof of the university’s rising excellence in language studies.
Nation
HYPREP, Contributing To National Peace, Development- Zabbey
														The Federal Government through the implementation of the various projects of the Ogoni cleanup programme is demonstrating a strong commitment to national peace and the development of Ogoniland.
The Project Coordinator of the Hydrocarbon Pollution Remediation Project(HYPREP), Prof Nenibarini Zabbey, who made this assertion at a two-day training on Mechanism for Alternative Dispute Resolution(ADR) and other Peacebuilding Techniques for Community Leaders In Ogoni, held in Port Harcourt, said through the ongoing environmental restoration effort, potable water provision, livelihood restoration, public health interventions, and the Ogoni Power Project, HYPREP is contributing to national peace and development.
He explained that by improving the living conditions in communities and creating new opportunities for young people, the Project is also reducing the social pressure that often fuels conflict, stressing that the Project is proud of this service to the Ogoni people and the nation.
Describing traditional leaders and stakeholders as peacebuilders and guardians of community harmony, Zabbey noted that the workshop would strengthen their capacities and reinforce the Ogoni dialogue process, which HYPREP continues to support in line with its mandate on peacebuilding.
He said HYPREP is actively promoting ADR alongside other mechanisms across its project sites and other areas of operation aimed at fostering unity, fairness, mutual respect and faster dispute resolution, stressing that these are qualities necessary for the future of Ogoni people and their communities.
He further indicated that the Minister of Environment and Chairman of HYPREP’s Governing Council, Malam Balarabe Abbas Lawal is disposed to promoting peace and stability across Ogoni communities and HYPREP project sites.
The Project Coordinator, therefore, charged Ogoni leaders to be mindful of their actions, words and body language, as what they say or do can either promote peace or fan the embers of conflict.
Continuing, he stated thus,”We must always ask ourselves: Is my position on this matter in the people’s interest? Does it promote unity and progress? Will it enhance development?”
The Project Coordinator assured the participants that HYPREP is working tirelessly in line with the directive of President Bola Ahmed Tinubu’s Renewed Hope Agenda for the accelerated implementation of the Ogoni cleanup programme and ensure that its benefits reach the grassroots where they are needed most.
Stressing the need for Ogoni leaders and stakeholders to explore communication and trust options to prevent disputes from degenerating into violence, the Project Coordinator noted that it was time for all Ogonis to be united for development, leaving behind perceptions that do not serve collective progress.
Similarly, the Director of the Centre for Peace and Security Studies of the University of Port Harcourt, Prof Chioma Daisy Onyige, said the workshop is a strategic platform aimed at strengthening the capacity of traditional institutions and community leaders to sustain peace, foster dialogue and promote non-adversarial engagements in the implementation of the Ogoni cleanup programme.
Prof Onyige noted that the Ogoni leadership structure commands deep respect and legitimacy, and strengthening their capacity in ADR methods such as mediation, negotiation, dialogue, facilitation, and consensus building means strengthening the foundation of peace in the region.
Participants, comprising traditional rulers and key stakeholders in Ogoni, commended HYPREP for the initiative, and assured it of their continuous support to the Project by providing an enabling atmosphere for the smooth implementation of the cleanup project in Ogoniland.
Resource persons who presented thought-provoking lectures at the workshop included the Dean of the Faculty of Postgraduate Studies of the University of Port Harcourt, Prof Kinikanwo Anele; Prof Olariwanju Lawal; Prof Chioma Daisy Onyige; and Dr Gbenemene Kpae; among others.
Nation
Ogoni Cleanup Programme, Enabling Pathways To Development Of Ogoni – Zabbey
														With significant achievements recorded across thematic areas of the Ogoni cleanup programme being executed by the Hydrocarbon Pollution Remediation Project (HYPREP), the Project Coordinator of the Project, Prof Nenibarini Zabbey, has said that all these are enabling pathways to the development of Ogoniland.
This is coming on the heels of milestone achievements in the following areas and their impact on Ogoni communities. They are mangrove restoration which is 94 percent complete; shoreline remediation which stands at 67.1 percent; and the phase 2 land remediation progressing to 36.55 percent.
Moreso, HYPREP has constructed 14 water facilities, providing potable water to 40 communities. With the commissioning of the water schemes in Bane and Gwara communities, the number of communities with access to clean and safe drinking water will be 45. The process of operationalising the Centre of Excellence for Environmental Restoration (CEER) which is at 92 percent complete, is ongoing. The same for the Ogoni Power Project which is progressing with wayleave compensation and construction works at Bodo and Wiiyaakaara substations ongoing
Similarly, the Ogoni Specialist Hospital and Buan Cottage Hospital are at 76.8 percent and 98.7 percent respectively.
This is alongside other public health interventions and the Human BioMonitoring Survey also in progress.
Under the livelihood
programme, over 7,000 direct jobs have been created for Ogoni women and youths, while over 5,000 have been trained in multiple skills and provided start-up kits, workshops, education grants, scholarships and other empowerment programmes. This quarter, training will commence in other demand-driven skill areas, such as cybersecurity, full-stack development, mud logging, software development, commercial diving, and underwater welding.
Zabbey had reeled out these achievements, during the third quarter interactive session between the Project Coordination Office engagement with Ogoni youths in Port Harcourt on Friday, in line with HYPREP’s strategic stakeholders policy to provide an interface opportunity to abreast Ogoni youths on the Project’s activities, while garnering their feedback.
Zabbey noted that, “This
quarterly engagement was,therefore, designed as an inclusive strategy to ensure that youth voices are heard, concerns are addressed, and progress updates are provided transparently. Also, it reflects our firm belief that a project of this magnitude must be people-centred, accountable, and participatory”.
” I am delighted to inform you that the Project remains on course to achieve its mandate as outlined in the UNEP Report on the Ogoni environment and the official gazette establishing HYPREP. HYPREP is committed to transparency and accountability in the implementation of the cleanup projects and activities”, he said.
He stressed that HYPREP’s achievements are pathways to a better Ogoniland, assuring that the Project’s goals are aimed at benefiting all categories of Ogoni youths, whether in business, farming, advocacy, education, entrepreneurship or community development.
”This Project belongs to all of you, and its success depends mainly on your participation, unity and constructive engagement. And with your support, we are confident that all challenges will be addressed in the overall public interest,” Zabbey said.
The Project Coordinator urged Ogoni youths to continue to support the Project by promoting peace, discouraging misinformation, and collaborating with project teams working in the communities, and address challenges through dialogue, rather than confrontation.
Prof Dinebari Badey, a Professor of Development Sociology in the University of Port Harcourt, delivered the keynote address, linking the nexus between HYPREP and youths in the development of Ogoniland through unity of purpose while Engr Solomon Akere, gave a talk on Ogoni youths in business.
Participants raised questions concerning the maintenance of the water projects, remediation efforts, and compensation for the Right of Way (RoW), among others.
In attendance were management staff of HYPREP who provided responses to the interventions.
- 
																Politics1 day ago
PDP, NNPP, Others Blame Tinubu For Defections To APC
 - 
																	
										
																			Business1 day agoFG Approves ?758bn Bonds To Clear Pension Backlogs, Says PenCom
 - 
																	
										
																			Rivers1 day agoFarmlang Int’l School Aims To Build Champions, Thinkers
 - 
																Nation22 hours ago
Don Seeks Funding of Language Centres
 - 
																	
										
																			Sports1 day agoPalace End Winless Run After Beating Brentford
 - 
																	
										
																			Maritime1 day agoMWUN Sues For Strict Safety Regulations In Port Operations
 - 
																Politics1 day ago
CSO Seeks Review Of Judgment Sacking Zamfara Rep For Joining APC
 - 
																	
										
																			Oil & Energy1 day agoNCDMB/Renaissance/PETAN Engage 100 Youths In Graduate Internship Programme
 
