Connect with us

Headline

World Breastfeeding Week: FG seeks citizens support against malnutrition

Published

on

World Breastfeeding Week: FG seeks citizens support against malnutrition

The Federal Ministry of Health has urged citizens to enable breastfeeding by supporting working parents with conducive workspaces to improve health of the baby and address malnutrition.

Ms Patricia Deworitshe, Director, Media and Public Relations in the ministry, made the call in a statement in Abuja ahead of the World Breastfeeding Week (WBW).

The World Breastfeeding Week is celebrated every Aug. 1 to Aug.7 across the world.

The theme for WBW 2023, “Enable Breastfeeding, making a Difference for Working Parents”, focuses on creating more awareness on breastfeeding support in workspaces.

Deworitshe, in the statement, also emphasised the benefits of breastfeeding on infants, young children, mothers, families and the society at large.

According to her, conducive environment will ensure optimal breastfeeding and increase productivity in the workplaces.

She stated: “In Nigeria, only two per cent of infants under age 6 months were found to be exclusively breastfed, while only 42 per cent were put to breast within the first hour of birth.

“To achieve a higher impact on malnutrition reduction such as stunting, the coverage of nutrition sensitive and nutrition specific interventions among the targeted population should be 80 per cent and above.”

She noted that balancing the demands of careers, domestic chores and maintaining the household were challenges affecting effective breastfeeding among working mothers.

She identified myths, early return to work after childbirth and lack of a conducive breastfeeding environment, especially for working mothers, as hindrances to breastfeeding.

Deworitshe stated that aggressive marketing of breastmilk substitutes among others also hindered breastfeeding of infants in Nigeria.

She said: “The Ministry also wishes to emphasise that working places should be made conducive to encourage breastfeeding as this will enhance productivity for these mothers, while assuring their nurturing role.

“Breastmilk is very nutritious and builds the immunity of the baby. It also protects babies from common diseases such as diarrhea and pneumonia.

“Much more, the bonding between mother and baby during breastfeeding improves emotional and social development of the child.

“The general public, is being reminded that breastmilk is the ideal food for infants, it is readily available, cheap, safe, clean and gives the first form of protection against many common childhood illnesses.”

The statement also emphasised the importance of breastfeeding within an hour of birth.

It stated that exclusive breastfeeding for the first six months and continued breastfeeding up to two years of age or beyond with the introduction of appropriate complementary food were very important.

Headline

Job Losses, Factory Closures Loom As Unsold Goods Pile Up — MAN

Published

on

AGAINST the backdrop of sustained pressure in the foreign exchange market and high cost of production, the Manufacturers Association of Nigeria, MAN has indicated that inventory of unsold goods is escalating to levels now threatening the existence of companies operating in the production sector of the economy with attendant job losses.

Findings show that as of the weekend the foreign exchange market had recorded over 254 per cent plunge in the value of the naira since flotation of the currency by the Central Bank of Nigeria (CBN) in June 2023.

Recall that the naira traded for N471 per dollar in the official I&E market on June 13, 2023 before the floatation of the currency, but exchanged for N1,665.50 to a dollar as at February 23, 2024 on the Nigerian Foreign Exchange Market (NAFEM), indicating a depreciation of more than 253.6 per cent over the eight-month period. The forex crisis is also stoking inflation, and coupled with high energy costs, purchasing power has continued plummet, stifling demand for goods.

Speaking on the impact of this development on the manufacturing sector, Director General, MAN, Segun Ajayi-Kadir, said: “There are reports that across the board, many warehouses and plants of many manufacturing firms are stockpiled with unsold goods manufactured last year. “The development is as a result of the devastating effects of the exchange rate crisis, inflation, fake and sub-standard goods, smuggling and other macro-economics challenges.”

Continue Reading

Headline

CBN Lifts Ban On BDCs, Introduces New Operational Mechanism

Published

on

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.

Continue Reading

Facebook

Trending