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African Economist Calls Motives of agitating ruling party governors on Currency Redesign into Question

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Dr. Mustapha Akinkunmi, an African economist has berated the governors of the ruling party for their silence about the kidnap of the Chibok girls in the country.

During a recent chat on Channels TV’s breakfast show “Sunrise,” African economist, Dr. Mustapha Akinkunmi, spoke on the recent Naira redesign policy and the resultant effects on Nigerians.

It would be recalled that on the night of 14-15 April 2014, 276 mostly Christian female students aged from 16 to 18 were kidnapped by the Islamic terrorist group, Boko Haram from the Government Girls Secondary School in the town of Chibok in Borno State.

Dr. Akinkunmi who was reacting to the governors’ quick response to the issue of cash scarcity in the country also slammed them for their failure to comment on the Central Bank of Nigeria’s (CBN) action of printing more money than it was allowed according to the CBN Act.

He said:

“They didn’t talk about the Chibok girls, they didn’t talk about the kidnappings but they are now talking about cash. Let’s look at the issue of this cash carefully, before the ruling party, the cash in circulation was about 1.4 trillion, in September last year, it was about 3.4. Keep in mind that we have inflation and recession.”

During the “Sunrise,” interview, he lauded Nigeria’s apex bank, the Central Bank of Nigeria (CBN) for the “great policy” but also faulted it for failing to ensure the tech aspect needed to match the success of the policy was not in place.

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Shettima returns to Nigeria, meets US Secretary, Campbell

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Vice-President Kashim Shettima on Tuesday returned to Nigeria after representing President Bola Tinubu at the just concluded International Development Association (IDA21) Summit, held in Nairobi, Kenya.

This is contained in a statement issued by Mr Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications, Office of the Vice-President.

Nkwocha said on arrival at the NnamdiAzikiwe International Airport, Abuja, Shettima met behind closed doors with the United States Deputy Secretary, Kurt Campbell, and his team.

“Among issues discussed at the meeting were security, bilateral relations, shared visions, technologicalcooperations, economic and mutual partnership.

“Both countries pledged to work more on deepening their bilateral relationships and their connectivity.”

Deputy Secretary Campbell has been in Nigeria where he was the co-chair of the sixth U.S.-Nigeria Binational Commission (BNC) with Foreign Minister, Amb. Yusuf Tuggar.

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FG approves salary increase for civil servants

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The Federal Government has approved 25 percent and 35 percent of salary increase for civil servants on the remaining six Consolidated Salary Structures.

The Head of Press, National Salaries, Incomes and Wages Commission (NSIWC), Mr Emmanuel Njoku, said this on Tuesday in Abuja.

“The Federal Government has approved an increase of between 25 percent and 35 percent in salary increase for Civil Servants on the remaining six Consolidated Salary Structures.

“They include Consolidated Public Service Salary Structure (CONPSS), Consolidated Research and Allied Institutions Salary Structure (CONRAISS) and Consolidated Police Salary Structure (CONPOSS).

“Others are: Consolidated Para-military Salary Structure (CONPASS). Consolidated Intelligence Community Salary Structure (CONICCS) and Consolidated Armed Forces Salary Structure (CONAFSS).

“The increases will take effect from January 1,” he said.

According to Njoku, the Federal Government has also approved increases in pension of between 20 per cent and 28 per cent for pensioners on the Defined Benefits Scheme.

He said this was in respect of the above-mentioned six consolidated salary structures and would also take effect from January 1.

He said the move was in line with the provisions of Section 173(3) of the 1999 Constitution of the Federal Republic of Nigeria (as amended).

The official recalled that those in the Tertiary Education and Health Sectors had already received their increases.

“This involves Consolidated University Academic Salary Structure (CONUASS) and Consolidated Tertiary Institutions Salary Structure (CONTISS) for universities.

“For Polytechnics and Colleges of Education, it involves the Consolidated Polytechnics and Colleges of Education Academic Staff Salary Structure (CONPCASS) and Consolidated Tertiary Educational Institutions Salary Structure (CONTEDISS).

“The Health Sector also benefitted through the Consolidated Medical Salary Structure (CONMESS) and Consolidated Health Sector Salary Structure (CONHESS),” Njoku said.

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LASG disburses N849.6m scholarships, bursaries for 10,066 tertiary students

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By Sodiq Adelakun

The Lagos State Government has demonstrated its commitment to providing affordable and quality education to its residents by approving and disbursing a total sum of N849,555,000 in scholarships and bursaries to 10,066 students in its tertiary institutions.

This was announced by the Commissioner for Tertiary Education, Mr. Tolani Sule, on Tuesday at the 2024 Ministerial Briefing held at the Bagauda Kaltho Press Centre, Alausa, Ikeja.

According to Sule, the Babajide Sanwo-Olu-led administration’s commitment to education is evident in its T.H.E.M.E.S plus Agenda, which prioritises effective and affordable education for all residents.

He noted that Lagos state-owned tertiary institutions did not participate in the recent workers’ strikes, demonstrating the government’s dedication to education development.

“Not going on strike when all other tertiary institutions were on strike is a feat that we pride ourselves on.

“This is to further show that our able governor does not pay lip service to the agenda.

“We know it will keep getting better, we are proud of all our institutions.

“Lagos State University is the oldest institution but new institutions are catching up,” he said.

Recall that the ministerial briefing began on April 24.

It will continue until May 29, with ministries giving accounts of their stewardships in the last one year of Gov. Sanwo-Olu’s second term in office.

“The sum of N335,600,000 was approved for 1,591 undergraduates and PhD recipients as 2022/2023 Scholarship Award as well as the 2022/2023 Governor’s Discretionary Awards.

“Also, N513,955,000 was approved for 6,884 in bursary award for undergraduates and law school students.

“A total of N849,555,000.00 was released in 2023 for 8,475, making a total of 10,066 as beneficiaries of the scholarship and bursary,” he said.

Sule mentioned that the state government is focusing on promoting extensive reading among students by rehabilitating and digitising 300 secondary schools and 40 public libraries.

“The reading culture isn’t what it used to be. This is why the administration deemed it necessary to ensure that students have access to these facilities.

“When we digitalised these libraries, we dedicated power generating sets. Monthly, there is N250,000 set aside and given to these secondary schools with digitalised libraries so they would run seamlessly.

“When policies are made, we consider how it will succeed; so, this was well planned out because we have a target,” he said.

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