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Nigeria Has Saved $21Bn Since Food Importation Cut – CBN Governor

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Nigeria Has Saved $21Bn Since Food Importation Cut - CBN Governor

Governor of the Central bank of Nigeria (CBN), Godwin Emefiele,  says the country has saved $21 billion since it began cutting its food importation in January 2015.

Emefiele, also said on Friday at the Annual Bankers’ Dinner in Lagos, that the country’s monthly Food Import Bill declined from more than $650 million to a $160 million between 2015 and this year.

He said the reductions in food import were markedly noticeable on rice, fish, milk, sugar and wheat. The CBN governor said  the policy would be maintained.

Emefiele also said the central bank, as an agent of development, and for its aim to ensure self-sufficiency to reduce the country’s dependence on imports, has strengthened its development finance activities.

Nigerian News

PPPRA Cautions Oil Marketers On Distorting Fuel Price

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PPPRA Cautions Oil Marketers On Distorting Fuel Price

The Petroleum Products Pricing Regulatory Agency on Tuesday cautioned oil marketers against distorting the approved pump price of petrol.

PPPRA secretary Abdulkadir Saidu says the agency is in charge of fixing the price of white petroleum products – petrol and kerosene, the approved cost of PMS at retail filling stations has not changed beyond N145 per litre.

Saidu has also advised oil marketers to ensure that there was no price distortion in their respective retail outlets, adding that PPPRA would continue to carry out its oversight function of monitoring depots and filling stations across the country.

He said this would ensure strict adherence to the regulated price and stop other forms of fraudulent practices at retail outlets.

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Nigerian News

NIM President Calls ON Political Leaders In Nigeria To Reveal Salaries And Allowances

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NIM President Calls ON Political Leaders In Nigeria To Reveal Salaries And Allowances

The president of the Nigerian Institute of Management, Professor Olukunle Iyanda, has called for the disclosure of remunerations of political leaders in the country.

He frowned on the refusal of national assembly members to reveal their salaries and allowances.

Speaking at the nim’s continuing learning and development programme in Abuja, Iyanda accused politicians of elevating themselves above service to the nation.

Iyanda lamented that Nigerian lawmakers are the highest paid in the world; yet, Nigeria is not among the top 10 richest nations.  He said they should not earn more than Federal Permanent Secretaries.

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Nigerian News

Gombe State Government Confirms Death Of 4 Lassa Fever Patients

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Gombe State Government Confirms Death Of 4 Lassa Fever Patients

The Gombe state government has confirmed the deaths of four Lassa fever patients from the 53 suspected cases recorded in the state.

Acting state epidemiologist, Nuhu Bille, has advised members of the public to imbibe the culture of reporting cases of fever to hospitals for adequate action and treatment.

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