National Assembly Seeks to Ban Local Transactions in Foreign Currency
The bill seeking to prohibit the use of foreign currency in Nigeria has scaled first reading in the House of Senate.
The bill, titled “A Bill for an Act to Alter the Central Bank of Nigeria Act, 2007, No. 7, to Prohibit the Use of Foreign Currencies for Remuneration and Other Related Matters,” was sponsored by the Chairman of the Senate Committee on Reparations and Repatriation, Senator NED NWOKO.
The proposed legislation is aimed at ensuring all payments including salaries and other transactions are done using the local currency, Naira.
Obong Victor Attah Tasks Ibom Golf Resort to Attract International Competition to the Facility
Former Governor of Akwa Ibom State, Architect Obong VICTOR ATTAH, has urged management of Ibom Golf and Country Club, to introduce international flavour to Ibom Golf competition by inviting renowned world class golfers in order to give the golf course the exposure it deserves.
Speaking at the recent 86th birthday anniversary celebration organized in his honour by members of Ibom Golf and Country Club, in Uyo, the former Governor also known as the Father of Modern Akwa Ibom, suggested that the state government also bring in Polo and fishing competition as that would get more attraction to the State.
Meanwhile, in an interview with newsmen, the Captain of Ibom Golf and Country Club, ISUA ARCHIBONG, explained that they chose to celebrate the former Governor whom they call Arc of Ibom Golf, during his birthday period for giving them a place where they can have fun for their wellbeing, network with all classes of people by arranging a tournament to honour him.
Similarly, Chairman of the Central planning Committee, SAMUEL THOMAS, said it has become a tradition to celebrate the living sage who, as Governor twenty-two years ago, built for Akwa Ibom State, the best Golf Course in West Africa and to which Akwa Ibom is the toast of golfers and for golfers in Nigeria and outside.
He used the opportunity to thank all their sponsors including Ibom Air, Nsik Motors, Ubotex, E-Motion, Equatorial Trust Goddy’s Chemical, the planning committee as well as the Club management whom he described as exceptional.
Federal Government Disburses N40b to Small Businesses in Nigeria
The Federal Government in collaboration with the Bank of Industry (BoI), has disbursed 40 billion naira to 810,945 Micro, Small and Medium entrepreneurs (MSMEs) in 774 Local Government Areas across the country.
According to the bank, the disbursement is under the 50 billion naira Presidential Grants and Loans Scheme to meet the needs of one million SMEs in the country.
Flagging off the disbursement at a Town Hall meeting, in Maiduguri, Borno state, the BoI State Manager, MUKHTAR MUSA disclosed that the Bank and National Assembly have targeted traders, Information and Communication Technology (ICT) providers, transporters, and artisans in the various trades of profession.
In a breakdown of the disbursement, MUSA said that 70 percent of the loans and grants are for youths and women, while 10 per cent each were also allocated to people with disabilities, pensioners and vulnerable groups in the six geopolitical zones.