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Even me wei stay at home sef know ICC meeting will hold.. how come you no know about the meeting? that means I'am more desearved to be in your position. Phone Calling... Voice: Saraki, you are invited to a party general meeting by Osinbajo Saraki: hmmm. I cannot be sumon by a mere commissioner Another Phone Calling... Voice: Saraki, you are invited to ICC meeting by his Excellency President Muhammadu Buhari Saraki: Hello.. hello.. I no hear this one bad network. hello Hang up. FREE ADVICE TO SARAKI: Never in your life messed up with Fulani man Sign: IBB |
I welcome you all with humility and gratitude to the very first Town Hall meeting we are hosting as a government. It is not yet one month since we were sworn-in, but to the extent that it has pleased Allah to bestow His grace upon us, we have set about doing the work of change that you mandated us to do. During the campaign, we promised that we shall be engaging and interacting with the public regularly. We pledged that we will provide you regular updates and listen to your feedback, including criticisms and suggestions. Here we are before you today to do as we pledged. As we have started, so we intend to continue, always striving to get better at achieving results. Immediately after we were sworn-in on 29 May 2015, we reported for duty with the sense of urgency that you demanded. As we expected, we met a state that is broke, and whose schools, hospitals and roads are in poor shape. We knew that a lot of sacrifice will be required to restore the state to good health. This government’s priority is actually growth and development in a safe and secure environment; because we understand that the things that matter are the public goods of quality schools, decent hospitals and good roads; we know that leaders must pursue the creation of a climate that promotes security, social harmony and is therefore conducive to bringing jobs and economic opportunity. Thus our first step was to announce that the deputy-governor and I will be taking a 50% pay cut. As we took briefings from the ministries, departments and agencies in our very first week, the depth of the financial problem became clearer to us as well as the impact the decades of impunity have had on the mental attitudes of the institutions that constitute the public service. As one astute observer of the situation commented recently, the public service does not serve the public; rather it considers itself as the public and thus serves only itself. We emphatically reject this mentality. The new government of Kaduna State has therefore declared that the resources of the state will be devoted to serving the public, with schools, hospitals and roads; aiding our farmers and doing our utmost to create jobs. To do that, we must cut the cost of running government. Ours will no longer be the state that has too little left for the needs of the majority of the people. That is our guiding principle as we reduce costs. And we have taken concrete action in this regard. We have restructured our ministries from 19 to 13. We have also decided that we will have only 13 commissioners, ten special advisers and 12 special assistants. You all remember that the previous government had 24 commissioners, 41 special advisers and about 400 special assistants. But good governance is not about recruiting vast numbers of political appointees. It is about the smallest number that can provide the quality of service that is required. We are saddened by the condition in which we found the state. But we shall never use that as an excuse for non-performance. It is our duty to do our best always. That is why we are finding creative even if difficult ways to deliver on our promises. What we have done In our first month, we have done the following things: Governance Reforms Prioritising the People: We have made clear our intention to devote a larger chunk of the state’s resources to providing public services. We have signalled that a government elected by majority vote should serve the majority. Pay cut: the governor and the deputy governor have taken a voluntary pay cut of 50%, and we have urged other political official holders, elected or appointed, to follow this example. Cost-cutting: ministries have been reduced from 19 to 13; while your government has committed to appointing only 13 commissioners and the handful of needed special advisers and special assistants. The selection of the Commissioners, Advisers and Assistants will be based on merit, capacity and experience because what is priority to us is getting the necessary skill sets that will facilitate moving the State forward. Biometric verification: Our government is already conducting biometric verification of its employees in order to update the payroll and provide reliable data as to the precise number of personnel in the public service. Two of Nigeria’s leading banks, UBA and Zenith, are working with us on this project. Tax Reform Committee: We have set up a committee chaired by Ifueko Omogui, former chairman of the Federal Inland Revenue Service, to review our internal revenue generation structures, systems and laws. The committee will recommend ways by which we can improve our internally generated revenue. This will reduce our dependency on the federal government. We will be masters of our own fate. Transparency: We have signed up to Open Budget, a tool that enables you to track what we are doing with your money. Health Your government has already convened a summit of Kaduna State Healthcare partners to set out the state’s priorities in the Health Sector, and to also ensure that all funds in the health sector are streamlined to ensure an effective coordinated service delivery. The donor community and multilateral agencies attended, along with businesses that are active in the state’s health sector. Kaduna State has signed an Memorandum of Understanding with General Electric Healthcare to modernise our primary health centers and public hospitals. Both parties have committed to identifying the specific needs of the centers and hospitals, so that modern equipment can be installed to improve the diagnosis and management of patients. We have signed the 2015 Kaduna State- UNICEF 2015 workplan. The state government is ready with its counterpart funding for the agreed initiatives in healthcare, nutrition, HIV/AIDS, water, sanitation and child protection. Installation of two dialysis machines and the repair of three dialysis equipment at Barau Dikko Hospital. Arrangements are being made to purchase consumables for the next 12 months so that dialysis will be affordable to Kaduna citizens. Security Peace Committee: A committee, chaired by the respected General Martin Agwai, is working to identify the causes of conflict and insecurity in Southern Kaduna and thereafter recommend ways of tackling the problem. Interstate cooperation: Kaduna State is working with Zamfara, Katsina, Kebbi and Niger States to design a collective approach to common security challenges in the forest ranges that strides our respective States. A meeting is being held today with the respective State Governors and Security Agencies to advance the implementation of this initiative. Presidential support: Kaduna State has briefed and updated the president on the security challenges, and the president has pledged FG support for the comprehensive security plan. Relief: We have conducted multiple aerial surveys of the Birnin-Gwari area and have visited affected communities there and in Southern Kaduna, offering medical assistance and condolences. Prisons: we have visited prisons in Kaduna and Zaria, pursuing rehabilitation of facilities and decongestion. As a result of these efforts, 98 persons awaiting trial for minor offenses were released by the Chief Judge of Kaduna State. Infrastructure Zaria Water Project: We have ordered accelerated work to complete this project as a priority item for our government. We have visited the site of the project and reviewed it with the contractors. A firm decision has been taken to commit funds monthly so that the project can be completed by early 2018. The African Development Bank and Islamic Development Bank, the major funders of the project, have been consulted and they share our desire to speed-up completion. In addition, we are working on a project to upgrade the capacity to supply water to Kaduna residents through a new Kaduna Water Project. Job creation Kaduna Cabs: We have initiated a scheme to revive taxi services in our major urban centres. The aim is to create jobs for owner- drivers who will help improve the commuting experience with their comfortable cars and excellent customer service. The scheme is starting with 200 vehicles in Kaduna, and is being implemented in collaboration with Peugeot. We have already placed adverts to invite participation in the scheme. Indorama: Our drive to attract new investors to the state has attracted positive response from Indorama, a leading player in petrochemicals. They have selected Kaduna as their regional distribution centre. They will be building warehouses, fertilizer blending plant and a training centre in Kaduna. Shopping Mall: Our main urban centres, including the state capital Kaduna, are lacking modern shopping malls. We have indicated our readiness to partner with capable investors in this sector. Agriculture Fertilizer: One of our first actions in office was to stop the unfair practice of allocating subsidized fertilizer to prominent persons to the detriment of ordinary farmers. We launched the 2015 fertilizer sales season in Kachia with a clear structure that sells fertilizers to interested persons from designated sales point. We shall be reviewing and improving the process of procuring and distributing fertilizer to make access easier for the farmers. A New Agricultural Policy is being prepared with the aim of enhancing the capacity of the sector to create viable jobs; improve farm productivity and raise the involvement of Kaduna citizens in the value chain. Sanitation Clean city agenda: We have met the sanitation contractors and have expressed to them our dissatisfaction at the squalid state of our urban areas. We want our towns and cities to be clean, and we shall do it. Sports Kaduna has, for the first time in a long while, hosted an international football match when the Super Eagles played a friendly match with Chad at the Ahmadu Bello Stadium. Our people turned out to see the game, showing that Kaduna is a sports city. That impressive turnout has now placed us on the radar to host many competitive matches because the football authorities now know that our great people will actually come to the stadium, fill it up and cheer the players. What we intend to do In the following months, we shall be focused on the following issues: Education : we shall begin implementing our comprehensive agenda to improve education. School repairs, and the provision of facilities like furniture, water and toilets will begin as we fulfill our responsibility to provide a better learning environment. Alongside this, we shall begin to enhance the capacity and quality of the teachers generally, and we shall pay extra attention to getting more and better teachers in English, Maths and Science. Health: hospital upgrades, in terms of facilities and equipment, will be accelerated as our MoU with GE Healthcare is steadily implemented. We have a commitment to properly equipping our hospitals so that most of our people’s healthcare needs can be met by our own public hospitals. Township Roads : neighborhood and township roads in our major urban centres will be upgraded to the extent we can within this rainy season. Transport: our multilayer transport architecture will be executed. That includes preparations, studies and projects to put in place: – the new cab scheme and expanding to Zaria and Kafanchan, – a BRT system for mass transit starting with Kaduna, – a major project to establish Kaduna-Zaria light rail system between Shika and through the Kaduna Metropolis and up to the Refinery, – new bus and truck terminals in Kaduna, Tafa, Mararaban Jos and Zaria Security Comprehensive security plan for Southern Kaduna and the Birnin-Gwari/Giwa axis Forensic laboratory under the control of our State Internal Security outfit – Operation Yaki – to enhance the investigative capacity of law-enforcement agencies Clean Cities: We would not allow our urban centres to continue to be defaced by waste. We shall be improving waste collection, then we would introduce sanitary inspectors and engage the public in a voluntary commitment to make our cities clean. Rural and community development: Under the leadership of our Deputy Governor, we shall be mainstreaming the Millennium Village Pampaida programme as a viable model across our rural communities. It will have components to improve education, healthcare, rural roads and the farming activities that engage most of our rural residents. Job Creation : your government will undertake direct recruitment of qualified doctors, nurses and teachers to urgently raise the quality of service in our hospitals and schools. We shall also employ at least 50 youths per ward over the next four years, in our initial efforts for traffic control and environmental enforcement. But try as it might, government can only employ a minority of youths who need jobs. Thus we remain focused on creating a favourable climate for the private sector to create jobs. Textile Revival: We have the support of Mr. President to work on policies and schemes that will revive this sector as viable and sustainable employer of labour. We are cooperating with current and potential textile investors on a package that stimulates the value-chain from cotton farming to garmenting. There is so much to do, with fewer resources. But we have no option than to deliver quality performance for the people who have invested so much hope in us. We need your understanding and support for the difficult decisions that we must take if we are to serve you to the best of our ability. We will need committed people in and out of government to contribute to achieving the goals we have set out. We are not shrinking government for its own sake. We are making government leaner so that it can work better for you. Let us all make sacrifices for change. Above is the Keynote address by Nasir El- Rufai, Governor of Kaduna State, at the first Town Hall meeting of the APC Kaduna State Government, at the Hassan Katsina House, Kawo, Kaduna, on Saturday, 27 June 2015 http://blogs.premiumtimesng.com/?p=167964 cc: lalasticlala
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Vice President, Yemi Osinbajo, said it is not going to be business as usual in running the affairs of the country. He stated that anyone caught creating loopholes in order to siphon public funds would face the consequences. Osinbajo who made this known while speaking at the 3rd Annual Christopher Kolade’s lecture on business integrity in Lagos, pointed out that weak public and private institutions, corrupt practices coupled with ineffective public policies had remained the bane of economic stability in the country. The Vice President whose address dwelt on “Beyond Compliance: Imbibing a Culture of Business Integrity,” said integrity should be an acceptable standard and aspiration of every business leader. Osinbajo said, “The most important thing is to do things right. It is important that we comply with the rule of law. There is need to ensure that people’s rights are not trampled on. And there is need to ensure that people face the consequences for wrongful actions. That balance is necessary. “The administration will ensure that loopholes compliance are plugged and those responsible for creating loopholes will face the consequence.” “The greater good of the company also means the greater good of many people, their lives and families. The question is, how do we respond to the ethical dynamics of poverty and corruption when it concerns our friends, ethnic or religious groups?” Painting a gloomy picture on the poser raised by the vice president, the Former Nigerian High Commissioner to the United Kingdom, Dr. Christopher Kolade, lamented that many Nigerians no longer stand on the side of what is right. Kolade averred that the country was a difficult place to practise integrity because corruption was perceived as the right way of life. “We use corruption in our conversations than we talk about integrity. Integrity should feature more in our conversations. Integrity is meant to be natural to human beings,” Kolade said. http://leadership.ng/news/443176/create-corruption-loopholes-go-to-jail-osinbajo |
The Aridolf hotel in Yenagoa that is Allegedly Owned By First Lady Patience Jonathan is an unlikely monument to kitsch on a reclaimed swamp in Nigeria’s oil-producing Niger delta…… The Aridolf hotel in Yenagoa is an unlikely monument to kitsch on a reclaimed swamp in Nigeria’s oil-producing Niger delta. In the lobby, Louis XIV furniture is accompanied by bowls of plastic fruit, faux Dutch landscapes and a grotesquely gaudy chandelier. The hotel Is redolent of the riches on display in a region that for half a century has generated the bulk of Nigeria’s wealth. Only a decade and-a-half ago there was just one petrol pu mp in Bayelsa state, which produced a quarter of Nigeria’s 2m barrels per day of oil, and Yenagoa, the state capital, was a string of tin-roofed shacks. Resentment at the region’s under-development erupted in violence, with militants blowing up pipelines and kidnapping oil workers. Today, Yenagoa is a sprawling construction site. But the Aridolf, which is owned by Patience Jonathan, wife of the outgoing president, is symptomatic of how superficial progress has been in addressing the festering sense of marginalisation in the region, which remains desperately impoverished despite benefi ting from a tide of petrodollars in recent years. cc lalasticlala
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I dont believe you are a practicing Muslim If not, of what reason do you get to date a non-Muslim in the first place. If you dont want to marry a married man then you have to wait for some time... I am sure your right person will come by Allah's grace. |
Go go go PMB/GMB sky no be limit We love you and we pray for you |
Nigeria’s four refineries will resume production next month, a spokesman for the state-run oil group said Thursday, raising hope of an end to perennial petrol shortages that have plagued Africa’s largest crude producer. “The refineries at Warri, Port Harcourt and Kaduna will resume next month after a successful turn-around-maintenance (overhaul) of their facilities,” Ohi Alegbe of the Nigerian National Petroleum Corporation (NNPC) told AFP. “The turn-around-maintenance has been on for some time. We did not just want to make any noise about it. The refineries will start production as soon as they have delivery of crude oil for refining,” he said. The NNPC has four refineries — two in Port Harcourt in the south, one in northern Kaduna and another in southern Warri, with a combined installed capacity of 445,000 barrels per day. A network of pipelines and depots located throughout the country link these refineries. Nigeria’s Refineries Nigeria produces a massive two million barrels of crude oil a day, but has to export it due to a lack of working refineries. It then imports fuel back into the country at international market prices — a situation blamed on corruption and mismanagement. To cushion the blow on the general population, the government sells fuel on the streets at subsidised prices, and makes up for the higher amounts spent by importers by reimbursing them the difference — a system seen as rife with false claims and overpayments. Last month, a crippling fuel shortage almost grounded Nigeria to a halt, as fuel importers and marketers shut their depots to protest some $1 billion (900 million euros) in unpaid reimbursements. http://www.newsheadlines.com.ng/latest-news/2015/06/19/goodnews-nigerias-4-refineries-to-resume-production-next-month-nnpc-official/ |
Some one should read the text, make an audio recording and send it to me via whatsapp @08034***051. I have no time to read this rubbish. |
Oyefoods:Thank God i have family who can tech me some manners unlike you who is a product of baby factory! |
Oyefoods:your dislike for PMB/GMB will do you no good. you will die with hypertension |
NobleG1:i am still on my point.. you are an a**hole. relocating chiefs is one of many. Tell me what strategy your hero, the clueless had while he was on power. |
Hmm, i know right now TANoids are busy with their calculator. Checking Mrs. Buhari |
NobleG1:You are turning from bad to worse. Must you know all the plans GMB/PMB has in respect to BH? Didn't you hear that he had a secret meeting with chief of staff? Good government always have a secret plan against pessimists people like you. Stop opening your dirty mouth because no one will tell you strategies and plans on ground. Telling to public is like telling to Shekau you fool. |
ChimaAdeoye:I don't know what to say to you about this question. But what i surely know is that PMB/GMB is your President like it or not |
NobleG1:You are more st*pid than you look. Do yoi think he went there just to cheer up with his co-presidents? he went to get their cooperation in tackling BH by given their supports via controlling their borders and stopping any possible means of supplying funds, food and weapons to BH. All you know is to criticize GMB/PMB which will always put you in shame. |
NobleG1:you are too dumb to understand how important his travelling was. wasn't he there (Chad and Niger) for the purpose of ending BH? wasn't he there at Germany for the interest of the nation. Come back to your sense and embrace reality. PMB/GMB is the man! |
NobleG1:wetin concern you? with or without cabinets PMB IS THE MAN |
Bifwoli:See yourself. You cannot write a good grammar but you are challenging others. Let me quote you direct.... "I highly doubt you can even decipher what....." Let me correct you. It should be "doubted". Is like your English teacher mama peace never teach you past tense. And this "can" in the sentence is opposite to what you want to say... but "can't" would have been better. See, you don't correct my English but i corrected yours. So, i thing you are more deserved to go to school than me. |
asunaobi:And who made the thing you are using to type any nonsense in Nairaland. As if your mama and papa create am |
Oyefoods:what is wrong with you eyes? Cant you see how passionate he is. I think you need Opera Glasses |
Ifebazz:Scrutinise topics? From which country you came from? Why not SCRUTINICE THE TOPIC because my topic is one and specific. Is Mama peace your English Teacher or what? You dont know Grammer but you want to open your mouth to challenge others. So pity. I wrote "You are once a dictator" not "you are once dictator" as you quoted. When you want to quote somebody make sure you quoted him correct. And if you think my English is incorrect then provide the correct one lets see. |
idee91:soon |
heryeendey:Indeed |
cc: lalasticlala do the needful |
Buhari you are once a dictator but now you are the most reliable and trusted politician you are an exemplary. carry go Baba. One love Mr. President
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More
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cc lalasticlala |
The stadium is filled up. Change is here!
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Who is to be blamed for lack of spirit and moral amongst our soldiers? Government or the Army? Cc: lalasticlala
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An extraordinary meeting of Heads and Government of the Lake Chad Basin Commission and Benin has approved that Nigeria retains the position of the force commander in the war against Boko Haram until the end of the mission. It also approved that the slot of the deputy force commander and chief of staff be rotated between Cameroun and Chad every twelve months. Their decision followed an earlier rejection of a rotational six-month tenure of the Multi- National Joint Task Force’s Commander, by Nigeria’s President Muhammadu Buhari. Mr. Buhari suggested instead that Nigeria heads the force for the period of the war against the insurgents since it was providing the bulk of troops. Mr. Buhari had earlier argued that such a process will undermine the military’s capacity to sustain the push against the insurgents “who also have the uncanny ability to adapt and rejig their operational strategies”. “This command will be to the effectiveness of military strategy, since Nigeria will be providing the bulk of the troops and the main theatre of the war is on Nigerian soil,” he said. A Nigerian, Tukur Buratai, a major general, had only last week been appointed the force commander of the Multi-National Joint Task Force, The summit which held at the Presidential Conference Lodge of the Nnamdi Azikiwe International Airport, Abuja was attended by, Mahamadou Issoufou, President of Niger Republic; Idriss Deby, President of Chad; and Boni Yayi, President of Benin Republic. The Cameroonian President, Paul Biya, was represented by Mebe Ngo’o Edgard Alain, minister delegate at the presidency in charge of Defence Deliberations at the summit focused on The Security Situation in the Lake Chad Basin, the Immediate Operationalization of the Multinational Joint Task Force and the Adoption of Emergency Development Plan. They were preceded by a preparatory meeting of the Ministers of Defence, the Chiefs of Defence Staff and Heads of Security and Intelligence Services of the LCBC member States and Benin. The heads of state and government of the LCBC and Benin Republic acknowledged with satisfaction the success recorded on military operations jointly conducted in the field by the coalition of the troops from Cameroun, Niger, Nigeria and Chad which have significantly broken down the military capability of Boko Haram terrorist group. However, they agreed on the need to keep up the drive marked by solidarity in action by taking decisive measures in order to totally curb Boko Haram insurgency. According to a communique released at the end of the one day summit, the Heads of State agreed on the need to support military operations with an emergency development plan in favour of vulnerable populations in the region in order to fight against the root causes of insecurity relating to poverty. At the end of their deliberations, the Heads of State also approved the Concept of Operations Strategic and Operational and related documents of the MNJTF for the fight against Boko Haram terrorist group. Approval was also given for the immediate deployment of the MNJTF HQ at N’Djamena (Chad) by implementing its human, logistic and financial requirements as well as the deployment of the national contingents to the MNJTF under the operational command of the MNJTF commander assisted by his joint headquarters by July 30, 2015. The leaders also approved $30million for the installation and equipping of the MNJTF HQ. MNJTF will require $30 million in the next one year to reduce terrorism in Nigeria’s north-east and neighbouring countries to its barest minimum, the executive secretary of the Lake Chad Basin Commission, Sanusi Abdullahi, had said on Wednesday, at the end of a two-day meeting of the Ministers of Defence and top military officials of the LCBC, in Abuja. The leaders approved the establishment of the executive secretariat as the headquarters of the mission and the executive secretary of the LCBC to be the head of mission. It requested the African Union’s support to the MNJTF in its operations, logistics and general mission support; by mobilizing financial support. The heads of state also resolved to seek the support of strategic partners, notably European Union, France, United Kingdom and United States of America in favour of the MNJTF. It also requested the president of the UN Security Council to make a declarative statement in support of MNJTF Operations against the Boko Haram terrorist group. The Emergency Plan for Development in the Lake Chad Basin, was also adopted at the summit. http://www.premiumtimesng.com/news/ headlines/184843-chad-cameroun-others- adopt-buharis-proposal-for-nigeria-to-lead- boko-haram-war.html
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An extraordinary meeting of Heads and Government of the Lake Chad Basin Commission and Benin has approved that Nigeria retains the position of the force commander in the war against Boko Haram until the end of the mission. It also approved that the slot of the deputy force commander and chief of staff be rotated between Cameroun and Chad every twelve months. Their decision followed an earlier rejection of a rotational six-month tenure of the Multi-National Joint Task Force’s Commander, by Nigeria’s President Muhammadu Buhari. Mr. Buhari suggested instead that Nigeria heads the force for the period of the war against the insurgents since it was providing the bulk of troops. Mr. Buhari had earlier argued that such a process will undermine the military’s capacity to sustain the push against the insurgents “who also have the uncanny ability to adapt and rejig their operational strategies”. “This command will be to the effectiveness of military strategy, since Nigeria will be providing the bulk of the troops and the main theatre of the war is on Nigerian soil,” he said. A Nigerian, Tukur Buratai, a major general, had only last week been appointed the force commander of the Multi-National Joint Task Force, The summit which held at the Presidential Conference Lodge of the Nnamdi Azikiwe International Airport, Abuja was attended by, Mahamadou Issoufou, President of Niger Republic; Idriss Deby, President of Chad; and Boni Yayi, President of Benin Republic. The Cameroonian President, Paul Biya, was represented by Mebe Ngo’o Edgard Alain, minister delegate at the presidency in charge of Defence Deliberations at the summit focused on The Security Situation in the Lake Chad Basin, the Immediate Operationalization of the Multinational Joint Task Force and the Adoption of Emergency Development Plan. They were preceded by a preparatory meeting of the Ministers of Defence, the Chiefs of Defence Staff and Heads of Security and Intelligence Services of the LCBC member States and Benin. The heads of state and government of the LCBC and Benin Republic acknowledged with satisfaction the success recorded on military operations jointly conducted in the field by the coalition of the troops from Cameroun, Niger, Nigeria and Chad which have significantly broken down the military capability of Boko Haram terrorist group. However, they agreed on the need to keep up the drive marked by solidarity in action by taking decisive measures in order to totally curb Boko Haram insurgency. According to a communique released at the end of the one day summit, the Heads of State agreed on the need to support military operations with an emergency development plan in favour of vulnerable populations in the region in order to fight against the root causes of insecurity relating to poverty. At the end of their deliberations, the Heads of State also approved the Concept of Operations Strategic and Operational and related documents of the MNJTF for the fight against Boko Haram terrorist group. Approval was also given for the immediate deployment of the MNJTF HQ at N’Djamena (Chad) by implementing its human, logistic and financial requirements as well as the deployment of the national contingents to the MNJTF under the operational command of the MNJTF commander assisted by his joint headquarters by July 30, 2015. The leaders also approved $30million for the installation and equipping of the MNJTF HQ. MNJTF will require $30 million in the next one year to reduce terrorism in Nigeria’s north-east and neighbouring countries to its barest minimum, the executive secretary of the Lake Chad Basin Commission, Sanusi Abdullahi, had said on Wednesday, at the end of a two-day meeting of the Ministers of Defence and top military officials of the LCBC, in Abuja. The leaders approved the establishment of the executive secretariat as the headquarters of the mission and the executive secretary of the LCBC to be the head of mission. It requested the African Union’s support to the MNJTF in its operations, logistics and general mission support; by mobilizing financial support. The heads of state also resolved to seek the support of strategic partners, notably European Union, France, United Kingdom and United States of America in favour of the MNJTF. It also requested the president of the UN Security Council to make a declarative statement in support of MNJTF Operations against the Boko Haram terrorist group. The Emergency Plan for Development in the Lake Chad Basin, was also adopted at the summit. http://www.premiumtimesng.com/news/headlines/184843-chad-cameroun-others-adopt-buharis-proposal-for-nigeria-to-lead-boko-haram-war.html
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Jaiz Bank Plc, has declared a profit of N157.7 million for the financial year ended December 2014. By this, the bank has broken even after three years of operations as the first and only fully fledged non-interest bank in Nigeria. Chairman of the bank, Dr Umaru Abdul Mutallab, while speaking at the bank’s third annual general meeting, in Abuja, yesterday said the profit was a feat considering that there was no platform yet for the bank to make income from its treasury management activities due to the absence of Sharia complaint liquidity instruments in the market. According to Mutallab, Jaiz Bank could not invest in the normal treasury bills, bonds among others as they do not meet the ethical requirements of the bank. He therefore called for a national Sukuk bond, that would give them a wider range of investment opportunities. Also speaking, managing director and chief executive officer of the bank, Muhammad Nurul Islam, said the profitability was driven by continuing revenue growth, disciplined cost management and lower financing impairment expenses. Islam said the bank limited its expenditure growth to only 20 per cent, even expanded its branch network from 10 to 15 during the 2014 financial year. Shareholders of the bank, while commending the bank for the profit, however, called on the management to work seriously towards recapitalising it to fast-track its expansion to other parts of the country. The bank with 17 branches currently operates as a regional bank, licensed to operate in the north-west and north- eastern parts of the country, and seeks to increase the number to 25 by the end of this year. During the year under review, the bank grew its total assets by about 24 per cent from N33.9 billion in 2013 to N42 billion in 2014. Also, total earnings grew by 114 per cent from N11.5 billion to N24.5 billion, while total income increased by 220 per cent from N915 million to N2.94 billion by December 2014. According to the MD, the bank provided financing to about 1, 076 projects valued at N22.2 billion in 2014, as against 375 valued at N10.5 billion the previous year. http://leadership.ng/news/439795/jaiz-bank-breaks-even-records-n158m-first-profit cc lalasticlala |