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Today's Headlines: Pressure On Me, Can’t Wait Till May 29 — Buhari; CBN Raises Rate To 18.5 %

Pressure On Me, Can’t Wait Till May 29 — Buhari

Photo Credit:Vanguard Newspapers

President Muhammadu Buhari on Tuesday night said he has been under intense pressure in the last few days of his administration and was earnestly looking to the next six days to exit power.

Buhari, who said he could only cope with the pressure of office, spoke at the commissioning ceremony of the Armed Forces Officers Mess and the last presidential/regimental dinner held in his honour by the Military High Command at new Mess, Asokoro in Abuja.

He said: “Please, I will like to digress a bit from the prepared speech. I apologise most sincerely for keeping you waiting for at least half an hour.

”Actually, I can hardly cope with the pressure and I’m desperately looking forward to the next six days, before saying good night at about 11pm.”

Earlier, Buhari charged the military, police, para-military, as well as other security and inte

lligence services not to relent in working to guarantee complete security in every area of the nation, even as he showed appreciation for the sacrifices they had already made.

CBN Raises Rate To 18.5

Photo Credit:Vanguard Newspapers

The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) from 18 to 18.5 per cent

The CBN Governor, Mr. Godwin Emefiele, disclosed this at the end of the Monetary Policy Committee meeting, in Abuja, this afternoon.

He said that the rate hiking strategy, which started in May last year, has been working by reducing the rate at which inflation has been rising in the country.

Mr. Emefiele also said that with the multi-billion dollar Dangote Refinery coming on stream, it was time to exit petrol subsidy.

He assured that the refinery which plans to export part of its products to other countries, would earn huge sums of foreign exchange for the country.

The CBN boss said that it would also ease the current pressure on the foreign exchange market.

According to him, going forward, the apex bank would reduce its quasi-fiscal interventions.

Photo Credit:Google

Buhari Orders Banks To Issue NIN Cards To Nigerians

Photo Credit:Punch Newspapers

The Federal Government says Nigerians can now request their commercial banks issue them with a debit card that doubles as their national identity card.

Prof Isa Pantami, Minister of Communications and Digital Economy, disclosed this on Wednesday in Abuja. He said this issuance comes at no cost

Pantami stated that the approval was obtained at the meeting of the Federal Executive Council, which was presided over by President Muhammadu Buhari at the Presidential Villa, Abuja.

He said the approval followed a memo from the National Identity Management Commission allowing banks to print multipurpose debit cards that double as National identity cards.

The Minister explained that” It is going to be a form of multipurpose card where it will serve as your national identity card on one hand and also your bank card on the other hand, either Mastercard, Visa or any other kind of card.”

According to Pantami, although the NIMC Act 2007 only mandates Nigerians to have a National Identity Number and not necessarily a printout card, demands for cards have swelled nonetheless.

Gbaja, Deputy Clash At Plenary

Photo Credit:Vanguard Newspapers

An unusual spat broke out at yesterday’s plenary in the House of Representatives between the speaker, Femi Gbajabiamila, and his deputy, Ahmed Idris Wase.

The bone of contention was an announcement on the early adjournment of Thursday’s plenary to enable the speaker and the members to attend the commissioning of the permanent site of the National Institute for Legislative and Democratic Studies, NILDS, along the airport road, Abuja.

Gbajabiamila before adjourning plenary yesterday, had asked that Order Paper for Thursday be made lighter, informing that the commissioning program to be done by President Muhammadu Buhari was fixed for 3 pm. The speaker, therefore, asked the Chairman of the House Committee on Rules and Business, Hassan Fulata, to ensure the Order Paper would not be heavy with activities. At that point, the Deputy Speaker, Ahmed Wase, said the House’s primary function was lawmaking, stressing that the commissioning of NILDS headquarters was not sufficient reason to adjourn the House early at 2pm.

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Armed Forces Military High Command Muhammadu Buhari


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