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Naira Redesign: Lagos Assembly Commends NASS

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Naira Redesign: Lagos Assembly Commends NASS

 

 

 

 

 

 

 

 

– Says Nigerians are suffering, economy in danger

 

 

 

 

 

 

 

 

 

 

Sahara Weekly Reports That The Naira redesign policy of the Central Bank of Nigeria (CBN) has brought mass suffering on the citizens of the country while the economy is in danger, the Lagos State House of Assembly has lamented.

 

 

 

 

Naira Redesign: Lagos Assembly Commends NASS

 

 

 

 

 

 

The lawmakers further noted that even though the policy was a good one, its timing was wrong as it had further thrown the country into economic chaos which could become difficult to resolve if urgent steps are not taken.

 

 

 

 

 

 

 

 

 

 

 

 

 

The CBN had announced a 10-day extension of the deadline for currency swap at the weekend, but at a sitting presided over by Speaker Mudashiru Obasa on Tuesday, the lawmakers urged the CBN to extend the deadline for currency swap as the policy had not helped the country.

 

 

 

 

 

 

 

 

 

 

 

 

Dr. Obasa noted that the concern of the lawmakers had to do with the pains, anguish and anger spreading among Nigerians over their inability to access the new currency.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

“Economists have said most times you cannot use new currency to control inflation, it doesn’t achieve the purpose most times,” Obasa said adding that the intention of the policy as claimed by CBN had been defeated owing to the various complaints from experts and people across the country.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Speaker said the CBN should have engaged stakeholders while citizens should have been adequately carried along rather than an ‘over-night’ policy by the CBN.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

“There are people in the rural areas. It is obvious that the additional 10 days is not even going to be enough.

 

 

 

 

 

 

 

 

 

 

 

 

 

“The idea is a good one but the way it is being implemented will have an adverse effect on the people.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

“We need to commend the National Assembly for showing quality representation and prompt action to intervene for an extension of the deadline.”

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Speaker said that in other countries, old currencies are not discarded in a rush, but allowed to gradually fade out of the system.

 

 

 

 

 

 

 

 

 

 

 

 

Hon. Rotimi Olowo, the lawmaker representing Somolu Constituency 1 who moved the motion, sought for an extension of the deadline till July 2023 in line with the resolution of the National Assembly, while noting the suffering the policy had brought on Nigerians.

 

 

 

 

 

 

 

 

 

 

 

 

 

Olowo complained about the unavailability of the new notes and the effect on the people, including small business owners and those in rural areas.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contributing to the motion, Hon. Saka Solaja, chairman of the House committee on public account for state, argued that financial policies are not implemented the way the CBN had gone about the Naira redesign.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

“We see videos of people beating themselves mercilessly at ATMs, yet there is no money,” he lamented while supporting the call for an extension of the deadline by the CBN.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

On his part, Hon. Richard Kasunmu (Ikeja II) argued that the timing of the policy was not right, especially as the country was still grappling with challenges of effective internet connectivity.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

He recalled how he spent five hours a day earlier trying to make an electronic transfer of ₦55,000 to resolve an emergency situation.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

“We should be looking at the larger Nigerian people. If we want to survive the Nigerian economy, this should not be a good time for such policy,” he said.

 

 

 

 

 

 

 

 

 

 

 

 

While Hon. Victor Akande (Ojo 1), argued that Emefiele breached a part of the CBN Act concerning the policy, Hon. Setonji David noted: “All over the world, CBN governors are economists, not bankers like Emefiele.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

“Our people are suffering and the money can’t be found at the ATMs. If you go to the ATMs, you would see how people are struggling,” he lamented.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The motion was passed by the Speaker after a voice vote of all the members at the sitting.

 

 

 

 

 

 

Eromosele Ebhomele

 

 

 

 

 

Chief Press Secretary to the Speaker of the Lagos State House of Assembly.

Sahara weekly online is published by First Sahara weekly international. contact saharaweekly@yahoo.com

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A Fresh Start with Thuli’s Hygiene Cleaning Services!

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… Rearrange, Refresh, Redecorate – The Thuli Way!”

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There Will Be Economic Turn Around In Nigeria – Dr Taye Olagoke, Baba Alakoso Sacred Cherubim and Seraphim Church of Nigeria

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There Will Be Economic Turn Around In Nigeria - Dr Taye Olagoke, Baba Alakoso Sacred Cherubim and Seraphim Church of Nigeria

.There Will Be Economic Turn Around In Nigeria – Dr Taye Olagoke, Baba Alakoso Sacred Cherubim and Seraphim Church of Nigeria

The Baba Alakoso of Sacred Cherubim & Seraphim Church of Nigeria, Prophet Dr. Clement Olatunji Taye Olagoke JP has enjoined Nigerians to believe in God , love one another and be steadfast because 2025 is a year of divine favour for all every one

Speaking through a new year message Olagoke said ,’as we enter 2025 believe in God because He has promised to establishment a new Nigeria where bandits and kidnappers would not have opportunity to operate again, where there will be no cause to cry or live in abject poverty again .

There Will Be Economic Turn Around In Nigeria - Dr Taye Olagoke, Baba Alakoso Sacred Cherubim and Seraphim Church of Nigeria

He added that God revealed to him that there will be economic turn around in the country called Nigeria if we can believe in Hm as a nation because he is ready to answer our prayers”.

Quoting from the scriptures the Baba Alakoso said ,”As I welcome you to 2025,”the Lord said unto us his people that he will swallow up death in victory; and the Lord God will wipe away tears from all faces; and the rebuke of his people shall He take away from the earth. Isaiah 25:8 our Lord God had spoken this for all Nigerians and we shall have no rebuke among nations .
“Happy new year and peaceful co-existence.”

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Celebrating The Women Behind The Music : The Members Of Elite Women Musicians Club Of Lagos

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Celebrating The Women Behind The Music : The Members Of Elite Women Musicians Club Of Lagos

In the pulsating heart of Lagos, the Elite Women Musicians Club of Lagos

stands as a beacon of unity and empowerment for female artists. This dynamic association, renowned for its diversity in musical genres, prides itself on bringing together talented women from all walks of musical life. Today, we celebrate its esteemed members, who number twenty-nine strong, each contributing uniquely to the vibrant tapestry of the Club.

 

Leading The Charge :

At the forefront of the Elite Women Musicians Club of Lagos Club is Alhaja Queen Isimot Abake Abiola PQ1st (Omo Opeki), the President. Her leadership is a source of inspiration for many, guiding the Club with a vision of inclusivity and excellence. Supporting her is Alhaja Queen Halimot Ayinla Omowura, the Vice President, whose dedication ensures the smooth operation and growth of the association.

 

Alhaja Badirat Adunni Olaniyan (Just Like That) serves as the Treasurer, managing the financial health of the Club with precision. The Social Secretary, Alhaja Aminat Babalola Balogun (Omotayebi, Iya Kekere Eko), brings vibrancy and connectivity, fostering a sense of community among the members. Asiwaju Yeye Tosin Eniba (Fuji Queen), the Secretary, ensures that the administrative duties are handled efficiently, supporting the organizational backbone of the Club.

Valued Members :

The Club’s strength lies in its diverse membership, each woman a luminary in her own right. The following are the distinguished members of the Elite Women Musicians Club of Lagos :

– Afonja Gbajoba

– Bisi Ewa Ogo Jesu

– Alhaja Jelilat Dupytie

– Ejire Akewi Oba

– Alhaja Aminat Itojuobi

– Alh. Fatimo Oseni Salawa Onigbongbo

– Alh. Tawakalitu Alagbada Tokotaya to nko Fuji

– Aishat Irepo Obi

– Olaleye Rahemot Arike (Akomolesin Agbaye)

– Alh. Dasola Abeke

– Ewebiyi Iya Oriki

– Ameerat Oninure

– Alh. Azeezat Otibiya

– Alh. Rukayat Bashirimi

– Alh. Mujidat Damilola

– Alh. Fatima Aljafaria, an Elder whose wisdom and experience enrich the Club.

– Alh. Taibat Omo Tayenfe

– Queen Muheenat Ijaodola

– Sakirat Yeye Oge

– Alh. Mariam Akiki Akanbi

– Queen Abebi Ayala

– Aweni Adepeju (Aweni Fuji)

– Fatimo Ajoke Cinderella

– Alh. Hafsat Sideeq, another Elder whose guidance is deeply valued.

 

A Legacy of Excellence :

The Elite Women Musicians Club of Lagos is more than just an association; it is a legacy of excellence, a network of powerful voices that harmonize to uplift and inspire. Each member, from the executives to the distinguished members, plays a crucial role in shaping the cultural and musical landscape of Lagos and beyond. Their combined efforts create a symphony of collaboration and mutual support, ensuring that the future of female musicians in Nigeria remains bright and promising.

 

As we celebrate these remarkable women, we also look forward to the new heights the Club will achieve under their leadership and unity. Their commitment to their craft and each other stands as a testament to the incredible power of music and the unwavering strength of women.

Celebrating The Women Behind The Music : The Members Of Elite Women Musicians Club Of Lagos

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