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Nigeria civil service records tremendous improvement under Yemi-Esan – Perm Sec.



Dr Folasade Yemi-Esan

Dr Sani Gwarzo, Permanent Secretary, Ministry of Humanitarian Affairs, Disaster Management and Social Development, has scored the nation’s Public Service high, considering numerous achievements under the leadership of Dr Folasade Yemi-Esan.

Gwarzo made the commendation at Juma’ah Prayer to mark the Civil Service Week, at the National Mosque Abuja on Friday.

He, therefore, called on all Muslim Faithful and all Nigerians to pray for the sustainability of the sector, being the engine room of the nation’s economy.

“The civil service has recorded tremendous improvement under the leadership of Dr Folasade Yemi-Esan and I cannot enumerate the number of areas of achievements to include digitisation of the civil service, performance management system.

“For the first time in history of Nigeria the office of the HOCSF does not work on paper, it is paperless at the moment.

“Everything you do, you interacts in that office, every approval process, every procedure is digitally maintained and that efficiency has also transcended down to the Ministries, ” Gwarzo said.

Dr Muhammad-Kabir Adam, Chief Imam of the National Mosque, in his sermon titled, ”Stand up to help one another”, called on Nigerians to try as much as they could to assist others who are struggling to live at such a difficult period we are in the country.

“The sermon of today is calling on Nigerians to stand to help one another. If you have, you also need to assist anyone that have not so that the life will be better for all as we are living together in this part of the world-that is Nigeria.

“Nigeria is our country, therefore, we have to assist one another. That is the main theme of the sermon of today. “

He also used the occasion to pray for all civil servants and leaders in the sector, tasking them to put more efforts to sustain their good works.

“We pray specially for the civil service celebration week. The civil service is the workforce of the country, they are the one that steering the management of this country.

“We call on them to continue to deliver good services as we regard them as representatives of Allah in their affairs. What they are doing is sacrificial services to the country, ” he said.



Hardship: Protesters Defy Police Warning, Hit Lagos Streets



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



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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