The Stakeholders Alliance for Corporate Responsibility (SACA) has faulted the Nigerian government and multinational oil companies operating in the Niger-Delta over health hazards associated with exploitation and exploration activities. Newsmen learnt that SACA was formed and registered in Nigeria by an Irish Priest, Reverend Fr. Kevin O’ Hara, as a Non-Governmental Organisation in 2012 to find solutions to environmental problems inherent in the exploitation and exploration of oil by multinationals operating in the Niger-Delta region. Speaking to journalists at the inauguration of the group’s “Project Management Committee (PMC),” the Executive Director, SACA, Kingsley Ozegbe, hinted that statics available to his organisation through researches carried out revealed that in 2012 alone, about ...
Analysts have expressed concerns over a recent claim that the federal government resorted to printing money to augment the monthly allocation to the three tiers of government, warning that it could heighten inflationary pressure with dire consequences for the country’s exchange rate and economy. The analysts, in separate interviews with newsmen, warned that a sustained policy of printing the currency, if not well managed, would hurt the economy. The concern came on the heels of recent revelation by Governor of Edo State, Mr. Godwin Obaseki, that due to the dwindling revenue in the face of declining oil revenue arising from the growing sources of alternative sustainable energy, the federal government had to print money to augment the amount available for sharing by the federal, state and lo...
A Civil Society Organisation, CSO, Yiaga Africa, on Monday, demanded effective monitoring and evaluation of COVID-19 vaccination and also strengthening the nation’s health sector. This was stated by the Director of Programmes, Yiaga Africa, Cynthia Mbamalu, while speaking on the need for the vaccination to be guided by certain principles that would bring about the inclusion of all citizens in the process. Mbamalu said: “The conversation is important to ensure that the whole process of vaccination is guided by certain principles and every aspect of society is catered for. In the implementation of vaccines in Nigeria, we need to deploy effective monitoring and evaluation systems that will help document how well we have done, document the learning, and how we can improve on the system. “Beyon...
The International Criminal Police Organisation (INTERPOL) has warned against the purchase of COVID-19 vaccines online. INTERPOL noted that criminals have started producing and selling fake vaccines through online platforms. The law enforcement organisation, in a statement published on its website, said members of the public that purchase such fake vaccines are at risk of serious health hazards. “With criminal groups producing, distributing and selling fake vaccines, the risks to the public are clear: these can include buying a product which not only does not protect against COVID-19, but poses a serious health hazard if ingested or injected. Such products are not tested, regulated or safety-checked,” the statement read. “Legitimate vaccines are not for sale. They are strictly administered ...
Coronavirus: CBN doubles loan disbursement to N300 billion – bank governor
The Central Bank of Nigeria (CBN) says it plans to double the Targeted Credit Facility (TCF) from the initial N149.21 billion to N300 billion following the resounding success recorded in the disbursement of the Covid-19 loans to the applicants. In his keynote address at the 2nd virtual seminar for Finance Correspondents and Editors at the weekend, the Governor said the Bank took the decision in order to accommodate many more beneficiaries as well as boost consumer expenditure which would positively stimulate the economy. He disclosed that the CBN initially created a N150 billion Targeted Credit Facility (TCF) for affected households and small and medium enterprises through the NIRSAL Microfinance Bank, adding that already, N149.21 billion has been disbursed to 316,869 beneficiaries. “Given...