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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.

READ:  Nigerian Senate Urges President Buhari To Sign 2018 Electoral Bill Immediately

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.

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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.

READ:  Senate Asks NNPC, CBN To Explain Withdrawal Of $1.2b

Nigerian News

Goodluck Jonathan Denies Dumping PDP

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Goodluck Jonathan Denies Dumping PDP

Former president Goodluck Jonathan has denied rumours he had dumped the People Democratic Party.

The former president said he has no reason to quit the Peoples Democratic Party (PDP), or retire from politics for now.

READ:  NDIC Explains Why CBN Revoked Licences Of Micro Finance Banks And Mortgage Banks

He made the statement through his media adviser, Ikechukwu Eze, in reaction to a report by an online publication claiming the former president had resigned from PDP and quit politics.

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Eze’s statement described the news as fake, saying it was a “calculated attempt to rubbish the elder statesman”

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Nigerian News

Supplementary Elections: Presidency Urges APC Candidates To Work And Earn People’s Mandate

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Supplementary Elections: Presidency Urges APC Candidates To Work And Earn People's Mandate

President Mohammadu Buhari has charged all APC candidates in states where supplementary elections would hold to work hard to earn the people’s trust and mandate.

The presidency warned state governors against having any thoughts that the president would influence the decision of the people.

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It also warned political leaders to desist from making inflammatory statements capable of inciting the citizenry to violence ahead of Saturday’s supplementary elections.

The presidency said some party leaders expected that Buhari would abuse his office by usurping the powers of INEC to turn the table in their favour.

READ:  Amosun, Okorocha Dismiss "Bad Losers" Tag

Party leaders in the six states were advised to work hard to earn the people’s votes on Saturday.

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Nigerian News

Gbenga Daniel Quits Politics, Shows Interest In APC

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Gbenga Daniel Quits Politics, Shows Interest In APC

Ogun State former governor Gbenga Daniel has shown interest in joining the All Progressives Party.

Gbenga Daniel resigned from the Peoples Democratic Party (PDP), on Saturday saying he was quitting politics.

READ:  Amosun, Okorocha Dismiss "Bad Losers" Tag

But on Sunday, after meeting with his supporters, Daniel said he was considering their plea that he ‘lead them into APC.’

Apart from governing Ogun under the PDP, Gbenga Daniel was the chief campaign strategist for the PDP presidential candidate, Atiku Abubakar, in last month’s election.

READ:  Okorocha's Name Missing On INEC's List Of Senators-Elect

Daniels also supported Ogun APC governorship candidate, Dapo Abiodun, in the governorship election in the state.

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