₦airaland Forum

nameo:
So Buhari just confirmed this.

The old #200 notes will remain legal tender, along with all the denominations of the new notes, until April 10. So the cash crunch affecting ordinary people will be eased.

But the old #1000 and #500 notes will no longer be legal tenders which implies that they will no longer be accepted by anyone altho they can still be redeemed at the central bank after filling some documents.

Like i said yesterday, Buhari obviously has intelligence that the billions of old notes that some politicians kept for vote buying are in the #1000 and #500 denominations. It can no longer be used for vote buying again and they would even need to explain when they try to exchange it at the CBN.

This new decision is a master class. The APC Govs can no longer complain cos the "excuse" of the suffering of the people has been taken care of whilst preventing vote buying using the old naira notes

christistruth01:
What is the guarantee Peter Obi will nottry to turn Nigeria into a Brewery full of Alcoholics not to talk of he himself being Power drunk

optionalY09:
Who is actually a terrorist, someone starving 220million people or someone asking for freedom for his people. use your head

ican2020:
Eat first

Foolishbuhari:
Don't be a fool on my mentions please. If you get a hard on with foolish news and misplaced priorities, take it far from here. If your brain doesn't tell you this is just an elaborate scheme to fleece the nation's purse, then you're dumber than I I actually give APC Cr3tins credit for.

Is Dangote refinery govt owned? Should a country of 200 million people depend on a private refinery for her petroleum products? Is it right?

Has the govt finished solving health care, education and hunger problems in the Country? As simple as those, they've been unable to fix it but you expect them to manufacture air crafts. Abeg carry your mumu far from here abeg.

Foolishbuhari:
We never produce aviation fuel finish, na plane we Wan produce. SMH

WesternOligarch:
Knew it would be located in the north even before I opened the thread. Consolidate their hold on the army and the defense industry.

gtrust:
Assembling NOT manufacturing
Nigeria never even get license sef

Magnus Fusion Sentinel
https://www.magnusaircraft.com/fusion_ul/img/6_background_mobil.jpg

Funding for the production of Hungarian Magnus Sentinel training and surveillance aircraft has been allocated by the Federal Government of Nigeria.

The Federal Executive Council (FEC) has approved the sum of N2.3 billion for the commencement of local building of the Magnus Aircraft at the Nigerian College of Aviation Technology, Zaria, Kaduna State.

Minister of Aviation, Hadi Sirika, disclosed this after the FEC meeting presided over by Vice President Yemi Osinbajo on Wednesday at the Presidential Villa, Abuja.

Mr Sirika expressed optimism that the Nigerian aviation industry would soon progress into full-scale local manufacturing of aircraft.

Nigeria will assemble the Sentinel variant locally, while Magnus will supply dozens of its aerobatic Fusion UL training aircraft.

In May last year, Magnus signed an agreement with Nigerian College of Aviation Technology (NCAT) for the assembly and sale of its Fusion UL model. DG NCAT Captian Alkali Modigbo, Senator Hadi Sirika, Nigeria’s Minister of Aviation, and László Boros CEO of Magnus Aircraft Zrt were present during the signing.

“I am happy to announce – today is the reality; we will indeed assemble the Magnus aircraft and will continue to do so and not too distant future by God’s grace, the industry of civil aviation will begin to manufacture right here in the country aircraft.

“But we are beginning by assembling these training aircraft and it will happen very soon.

“So, the memorandum has been passed in council; the manufacturer of the airplane is based in Hungary.

“And the total contract sum is N2.3 billion; the completion period is 18 months.’’

“We were all trained like that as pilots; but because airplanes become more and more technologically advanced, the need for spin and spin recovery didn’t arise, because they are becoming more and more sophisticated.

“But again, the world realised that we still get into spin or there is a need for this skill to be developed for recovery out of spin situation.

“So, most of manufacturers stopped producing trainers for that purpose; and so there are not many people now that do that manufacture.

“And the company, Messrs Magnus, realised that gap and started to produce airplanes that can get into spin and out of it, so that students can be trained on that.''

Magnus Fusion
https://www.magnusaircraft.com/fusion_ul/img/galeria_3.png


The minister said that due to the ministry’s maximum attention to safety, it believed that such training should come back to Nigeria’s aviation industry.

“So this airplane is fully aerobatic, goes into aerobatics; and I think the Nigerian Air Force and the Air Forces around the sub-region will be interested and excited by this development, we are taking the lead in civil aviation.''

“It is our intention to manufacture them here, and sell them out to where we’re interested around the world.''

“So this will happen here in Nigeria and we will fly them within the remaining four months that we have as a government.''

Nigeria and Hungary began collaborating in January 2021 to enhance pilot training, the operation and maintenance of Intelligence Surveillance and Reconnaissance (ISR) payload.

On 22 January, a Hungarian delegate consisting of the Hungarian Consul-General to Nigeria, Endre Peter Deri, and the Chief Executive Officer, Hungarian Magnus Aircraft Manufacturing Factory, Mr Laszo Boros, visited the Headquarters of the NAF in Abuja, and they were received by the Chief of the Air Staff (CAS), Air Marshal Sadique Abubakar.

Hungarian Magnus Aircraft inventory includes a civilian Fusion UL aircraft, and a militarized variant called Sentinel.

According to Magnus Fusion website, the Fusion UL comes “with its reinforced airframe and aerofoil design the aircraft is highly resistant and easily maneouverable at the same time. The composite airframe structure and the symmetrical aerofoil allows the aircraft to manoeuvre safely.”

“As a result of technology and design of the airframe structure its fuel consumption is extremely low, the aircraft consumes only 16 to 21 liters of 95 octane unleaded petrol per one hour flight.”

The Fusion UL has been further developed by International Armour, a Greek company into the MF-212 ISR and attack aircraft.

According to the company’s brochure, the aircraft’s features include “Patrolling of guarded objects and territories,” “Detection and control of small maneuvering air targets” and “Countering illegal armed groups”.


Magnus Fusion Cockpit
https://pbs.twimg.com/media/D4gysaYXsAEUgro.jpg

The Nigerian Army has been marked to receive three MF-212 ISR and attack aircraft, while the Air Force will receive at least 20 of the ISR versions, in a deal that includes local assembly, maintenance, and overhaul of the aircraft.

The first of many Hungarian-made ISR-configured Fusion light combat and trainer aircraft arrived Nigeria in December 2022 to join the battle against insurgents.

On 8 December, Magnus Fusion aircraft (Reg: HA-XCN) arrived Abuja after departing Hungary on November 29th, thereby completing a 9 days long trip and covering a distance of 4147NM (7680km) to commence flight testing in African climate.

These acquisitions are funded under the 2023 Budget proposal submitted by Nigerian President Muhammadu Buhari to the National Assembly.

Conner44:
Yea my candidate is like the same buhari whom you love so much that you’ve voted for him twice with nothing to show for it.

You should go ahead and vote for my candidate too, you won’t lose anything new by doing so but can only gain whatever you have missed during this past 8 sorrowful years

oyebanji44:
So My brother what are we waiting for ? It means supporting another APC in power will solve the problem

oyebanji44:
If this man who couldn't pronounce insecurity believe buhari action towards electricity is still the best..



Then l would support APC presidential candidate so that the project can continue

Conner44:
This op is the same person who has been supporting the lifeless buhari even after he pronounces the word PEOPLE as FEE-FUU

Madness pro max

Rexymania:
How Burahi and Tinubu dey pronounce their own. You're a stupid foolish cheap attention seeker fool. You no go die well idiot

Betanaija42moro:
Uneducated, poor man like you wants to teach someone that went to Havard

Mfetenang:
That's how all IPOB people pronounce that word
Insecoooority

Bontafa:
If you like buy texcote or oil paint to paint soak away it is still a soak away.

Trying to use the media to paint Lagos safe will not stop the reality that crime rate is still high.

One thing I cannot argue with God how I wish instant karma just happens.

Maybe after your so called beautiful piece then you drive home and become a victim maybe you can call a spade what it is

For the third consecutive year, Lagos State has recorded no single case of armed robbery attacks on banks and other financial institutions operating within its boundary. The development hinted a significant improvement in security surveillance and the sustainability of measures adopted in checking organised crimes.

Governor Babajide Sanwo-Olu, on Thursday, shared the progress with stakeholders in the security circle and private sector donors at the 16th Town Hall Meeting on security organised by the Lagos State Security Trust Fund (LSSTF) at Civic Centre in Victoria Island.

Sanwo-Olu said his administration adopted a technology-driven strategy that enabled the security agencies respond proactively ahead of potential breaches at vulnerable spots, including a web of undercover operations to frustrate armed attacks on possible targets. This, he said, has bolstered the confidence of the financial institutions to freely move their cash around the State with limited risks.

The Governor said the collaborative security approach had yielded significant results in crime fighting, leading to a sharp reduction in rate of criminality across Lagos.

In the last 12 months, the State recorded only 21 incidents of armed robbery – the lowest rate in the last decades.

From last year November till date, the police and combined team of security agencies have foiled 149 armed robbery attempts across communities.

Sanwo-Olu said the State had not only boosted the morale of the security personnel with constant training and provision of equipment, but had also raised its capacity to contain emerging threats.

He said: “As a Government, our approach to security is holistic and collaborative. Our security policy is driven by the need to engender a wholly secure environment that enables the wellbeing, prosperity and fulfilment of all the residents. We consider no amount of investment too big to be put forward in ensuring the progress we have achieved since inception is sustained. In the last three and a half years, we have continued to maintain the record of zero incident of robbery attack on banks or any other financial institution operating in our State.''

“LSSTF has been at the forefront of these security efforts. Through the agency, we have continued to provide interventions to the police and other security agencies operating in Lagos in the areas that include operational capacity, training and logistics.

Our efforts have yielded encouraging results in crime fighting, as Lagos remains largely safe for business and living. This relative peace and safety that we have been experiencing in this massive mega city will not be compromised. We will continue to strengthen the security operation to ensure the progress recorded is not reversed.”

Next week, the Governor said Divisional Police formations will get 25 new pick-up trucks to assist in quick response to security threats in their areas of operation.

Sanwo-Olu said the State Government’s intention to employ digital surveillance in combating emerging crimes had started to take shape, given the phased rollout of technology tools, including high-definition cameras to monitor strategic locations across the State.

The Governor sent a loud warning to criminals still operating in Lagos to vacate the State before the law catches up with them. He pledged not to spare any effort in making the State unsafe and inhabitable for criminals...

He said: “I am sending a strong and loud message to all purveyors of crime and criminality in Lagos. We will stay ahead of your intentions and actions, and we will fight you with everything we have. There will be no room for actions that undermine our well-being and our capacity to achieve our dreams and aspirations.”

Hezzyluv:
Baba.... You contributed to it too. But you no wost reach worse.
2ruly this country's leadership has BIG problem. Even other countries are mocking us too Imagine Dubai of yesterday even Ghana wan dey shoe their selves wia we bcoz of Bad..... governance. Some electorates are not helping matters too.
...

muykem:
Nigerian legislatures will violently oppose this kind of bill.