Nation
New Diaspora Remittances Policy Takes Effect, Dec 4 –Emefiele
The Central Bank of Nigeria (CBN), Mr Godwin Emefiele has announced that the new CBN policy to improve the Diaspora remittances into the country takes effect on December 4.
Emefiele made this in his remarks on “Improving remittance Inflows into Nigeria” obtained from the apex bank’s official website, Friday.
He said that policy measures were designed to boost and facilitate an efficient flow of remittances sent home by Nigerians in the Diaspora.
“In an effort to liberalise, simplify and improve the receipt and administration of the Diaspora remittances into Nigeria, CBN wishes to announce as follows:
“Beneficiaries of Diaspora Remittances through International Money Transfer Operators (IMTOs) shall henceforth receive such inflows in foreign currency (U.S. Dollars) through the designated bank of their choice.
“Such recipients of remittances may have the option of receiving these funds in foreign currency cash (U.S. Dollars) or into their ordinary domiciliary accounts.
“These changes are necessary to deepen the foreign exchange market, provide more liquidity and create more transparency in the administration of Diaspora Remittances into Nigeria,” he said.
Emefiele said that the changes would help finance a future stream of investment opportunities for Nigerians in the Diaspora, while also guaranteeing that recipients of remittances would receive a market-reflective exchange rate for their inflows.
“All Authorised Dealers and the general public should note that beneficiaries shall have unfettered access and utilisation to such foreign currency proceeds either in FX cash and/or in their Domiciliary Accounts,” he said.
He, however, said that some of the stakeholders had tried to frustrate the new policy measures, adding that the apex bank would resort to stiffer measures to ensure its implementation.
“In the course of following up on the implementation of the aforementioned new policies, the CBN observed some pushback by some of the International Money Transfer Operators (IMTOs) who were bent on undermining the new policies.
“This was the reason the CBN had to insist that all DMBs must close all Naira General Ledgers through which the Naira remittances were hitherto being carried out.
“In an effort to enable smooth implementation of the policy, the CBN has engaged with the commercial banks and the IMTOs to ensure that recipients of remittance inflows are able to receive their funds in the designated foreign currency of their choice.
“As a result of these engagements, which took place with major IMTOs and the Deposit Money Banks (DMBs), the stakeholders have committed that they would deploy all the necessary tools to ensure that these measures become effective from Friday, December 4.
“I, therefore, seize this opportunity to announce to Nigerians both at home and in the Diaspora that the policy of recipients receiving their monies from abroad kicks off on Friday,” he said.
Emefiele said that the changes came as a result of the bank’s internal review of the operations of IMTOs and the potential impact improved flows could have on the economy.
He said that the IT systems of the IMTOs (Western Union, Moneygram and Ria services) and the DMBs had been configured to begin such remittances.
He said that the new policy measures would help in providing a more convenient channel for Nigerians in the Diaspora to remit funds back to Nigeria.
“We will also ensure that these funds can contribute to the overall development of our economy,” he assured.
Nation
Maternal Mortality: RSG Identifies 6 High Risk Local Government Areas
The Rivers state Government has identified six local government areas with the highest burden of maternal and Neonatal mortality in the state.
State Commissioner for Health Dr Adaeze Chidinma Oreh said this in an interview with newsmen at the Maternal and Neonatal Reduction innovation initiative ( Mamii)Rivers state activation workshop and state engagement meeting in Port Harcourt.
The event was organized by The Federal Ministry of Health in conjunction with its Rivers state counterpart in Port Harcourt.
Dr Oreh also restated the preparedness of the state government to support current efforts by the federal government towards the reduction of maternal and infant mortalities in the country.
She mentioned the affected Local Government Areas to include, Andoni,Akuku Toru and Ahoada West
The rest according to the Commissioner are, Bonny, Etche and Emohua Local Government Areas.
She said the workshop will enable the team from the federal ministry of health and social welfare to brainstorm with the view to finding solution to the problem.
The Commissioner also gave reasons why the Mamii initiative was the best as far as finding solution to maternal mortality was concerned.
“The uniqueness of the Mamii initiative driven by the federal ministry of health and social welfare was that we used evidence to elicit the reasons for this deaths, so that the solutions will be context specific and tailored to the particular environment where those deaths are occuring
“For us in Rivers state we have six Mamii LGAs , nationally we we have 172 local government areas “the Commissioner said.
Earlier in her opening remarks,Dr Oreh said the state government is prepared to work with the federal ministry of health and social welfare to check the rate of maternal mortality in the state.
She commended The Minister of Health and Social welfare Professor Ali Muhammad Pategi for driving the Mamii initiative across the country and expressed optimism that the programm will see to the end of maternal mortality in the country.
Also speaking the National Coordinator Nigeria health sector Renewal Initiative Dr Adam Ahmed said Rivers state is the last state among Mamii states in the country to host the team.
He said the team will visit the affected Local Government Areas with the view to interacting with the people on how to check the trend.
He expressed the hope that with continuous efforts, maternal mortality will be checked.
Also speaking the permanent secretary Rivers state Ministry of Health Professor Justinah Jumbo said the government is not leaving any stone unturned towards reduction in maternal deaths.
The permanent secretary said Governor Siminalaye Fubara is a health friendly Governor who is desirous in improving the quality of health of Rivers people.
John Bibor
Nation
HoS Hails Fubara Over Provision of Accommodation for Permanent Secretaries
Nation
Rivers Crisis; CAN Seeks Divine Intervention …Declares One Day Fasting, prayers
The Christian Association of Nigeria (CAN) Rivers state has declared a one day fasting and prayer to seek divine intervention on the political crisis rocking the state.
The Association said this at a media briefing in Port Harcourt.
State chairman of the Association,Most Rev. Dokiboeriya B. Kaladokubo said the fasting and prayer which holds February 5th at the Ecumenical center Abonnema wharf was in furtherance of the Association peace, advocacy, good governance and political stability in Rivers state.
He said the Association has observed with disappointment the dangerous trend and and gradual descent of governance in Rivers state into uncertainty and near oblivion, adding that the trend has exposed Rivers citizens to insecurity, economic hardship, loss of livelihood and the destruction of lives and property.
Kaladokubo said the association has also watched with dismay the unfolding political crisis in the state, stressing “what we see today is not merely a disagreement among political actors,it is a dangerous drift that threatens the very foundation of governance, peace, security and the collective well-being of our people”
According to him,”as the custodians of the spiritual and moral conscience of Rivers state,we can not remain silent while the state is pushed steadily towards chaos, institutional breakdown and avoidable suffering
“We are not oblivious of the fact that Rivers state like some other states in the federation often experience tension between the Executive and the Legislature “adding”when disagreement escalate they can hinder governance, delay budgets ,erode public trust and impede peaceful, constructive development”
The Christian body stressed the need for parties involved in the conflict to seek for peaceful resolution, stressing that as Christians and children of God “we should seek the path of peace and reconciliation as Christ Himself taught us”it said
The Association further encourage the both arms of government to imbibe the spirit of forgiveness and prioritize good governance in Rivers state
“We also advised all the parties in these conflict to call their supporters to exercise restraint in all their utterances and de-escalate tension in the interest of peace in Rivers state ”
CAN also described as disturbing the role some elder statesmen and individuals in the state have played and continue to play in the crisis when they should have serve as voices of wisdom, restraint and unity
“Rather than guiding the process towards peace, some have taken sides,fueled division and encouraged instability becoming more dangerous than those currently holding power”,it said.
John Bibor
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