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Oborevwori pledges fairness, just in projects distribution in Delta

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Sheriff Oborevwori

Gov. Sheriff Oborevwori of Delta has pledged to be fair and just in the distribution of infrastructural development projects and political appointments in the state.

The governor gave the assurance at a public presentation of a book on Sen. Ifeanyi Okowa’s stewardship as Delta governor, on Wednesday in Asaba.

The book titled; “Hope and Fulfilment” in Asaba, was co-authord by Messrs Olisa Ifeajika, Frank Igwebueze, Sunny Ogefere, Chukwudi Abiandu, Pius Mordi, Felix Ofou, Nelson Egware and Mr Kingsley Kwubosu.

Oborevwori said all parts of the state would be adequately carried along in his M.O.R.E Agenda for the state.

He held that his administration would not only consolidate on the achievements recorded by the Okowa led administration in the state but would do more for the people and residents of the state.

He also pledged that more appointments would be made in due course and had enjoined those who have not been given appointment not to despair.

He said those waiting should continue to work with the state government in order to expand the frontiers of sustainable development in the state.

According to him, some of the Commissioners designate are people with vast wealth of experience in public life and the younger ones.

He said that those with immense wealth of experience were expected to mentor the younger ones in the discharge of their duties.

Oborevwori applauded the authors for their painstaking research and efforts in putting together, the book which chronicled the massive developmental strides of the Okowa led administration in the state.

He also commended Okowa for his outstanding accomplishments in the governance of the state for eight years.
“We shall be fair and just in the distribution of infrastructural development projects and political appointments across the state.

“This administration will not only consolidate on the legacies of the Sen. Ifeanyi Okowa led administration, we shall improve on them (legacies) and do more for the people.

“I want to appeal to Deltans that appointment are still coming. If you don’t get appointment today, tomorrow may be your turn,” Oborevwori said.

In his remarks, Okowa expressed appreciation to the authors of the book written in his honour.

He thanked the people of the state for the cooperation given to his administration which, he said, enabled it to succeed.

Okowa said that the success story of his administration was made possible by a combination of the collective efforts of the people that worked with him and the cooperation of the people of the state.

“I am actually very honoured to speak at this event. I am very happy that we have started mentoring our youths and l thank our Gov. Oborevwori for being part of the mentorship.

“When you look at the list of Commissioners designate, you will realise that there are about 10 people who are less than 40 years of age on the list,” he said.

The ceremony was chaired by Vice Chancellor, Delta State University, Abraka, Prof. Andy Egwunyenga, while the book reviewer was Prof. Emmanuel Ufuophu-Biri, Rector, Delta State Polytechnic, Otefe-Oghara.

They said, “Hope and Fulfilment” was a compendium that chronicled the landmark achievements of the Okowa led administration in the state.

Ufuophu-Biri, who applauded the authors of the book for their dedication and commitment in writing the book, said; “the book is a must read for everybody.”
In their separate goodwill messages, Chief Eze Nnajiofor, Charles Aniagwu, Chief Funkekeme Solomon, Fidelis Tilije, Reps. Ndudi Elumelu, Prof. Sam Oyovbaire and Chief Arthur Akpowowo, described Okowa as a good leader who had impacted positively on the lives of the people.

Earlier, one of the authors, Mr Olisa Ifeajika, Chief Press Secretary to the former governor, said the book chronicled the massive infrastructural and human capital development achievements of the Okowa led administration in the state.

He said that it was put together to immortalise the phenomenal accomplishments of Okowa in the eight years of his administration.

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Hardship: Protesters Defy Police Warning, Hit Lagos Streets

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Residents have hit the streets of Lagos State to protest against the increasing spike in the price of food and the high cost of living in the country.

The protest was facilitated by a human rights group identified as the “Take It Back Movement.”

This comes against the warning issued by the Lagos State Commissioner of Police, Adegoke Fayoade, on Sunday.

The protesters were seen carrying placards of various inscriptions at Ojuelegba Under Bridge area of the state to express their grievances.

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CBN Lifts Ban On BDCs, Introduces New Operational Mechanism

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In a major development aimed at financial stability and strengthening the naira, the Central Bank of Nigeria (CBN) plans to resume its weekly intervention in the country’s foreign exchange (FX) market through the Bureau de Change (BDC) operators.

In 2021, the central bank, in a bid to achieve its mandate of safeguarding the value of the local currency, ensuring financial system stability, and shoring up external reserves, announced the immediate discontinuance of foreign currency sales to Bureau de Change (BDC) operators in the country.

However, the resumed intervention, which would reportedly commence today for funding as well as Tuesday for collection, will see the apex bank inject FX into the subsector in a bid to rescue the naira from further depreciation against major currencies, particularly the US Dollar. The collection will be at designated CBN branches in Lagos, Abuja, Kano, and Awka, while details of the naira accounts to be credited for funding bidding will also be made available today.

CBN is also expected to publish the list of eligible BDCs to benefit from its funding using certain compliance criteria.National Executive Council of Association of Bureau De Change Operators of Nigeria (ABCON) hinted on the latest developments through a memo to its members over the weekend.

The association also warned members that it will no longer be business as usual under the new supervisory regime of the central bank, as any infringement or infraction would result in outright revocation of license and prosecution.

ABCON said through the association’s various engagements with the central bank, in conjunction with ABCON’s strategic partners, CBN had agreed to its request, under the bank’s supervision, to inject liquidity into the market through a weekly intervention beginning today.

CBN assured ABCON that the new circular on the Revised Regulatory and Supervisory Guidelines to BDCs, which was introduced over the weekend, was only a draft exposure that required the association’s inputs before the release of the final guidelines by the apex bank.

To that effect, the letters of the guidelines were not cast in stone, the association’s leadership told its members, who had been worried over the sweeping reforms in the document, which, among other things, prescribed N2 billion and N500 million minimum capital for national and state BDCs, respectively.

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