Ayeiroyin

The return of President Muhammadu Buhari from the United Kingdom on Friday has brought stability into the polity. Says the Abia former governor, Dr Orji Kalu.  Kalu told newsmen in Lagos on Sunday that Nigerians were happy that the president was back in good health. The News Agency of Nigeria (NAN) reports that the president went on vacation to the UK on Jan. 20, and also met with his doctors during the trip before returning on Friday. Kalu said: “Now that the president is back, I am very happy; we have been praying. “Both Christians and Muslims have been praying because the country has been so polarised that the fabrics of our nation have been eaten with tribalism and religion. “So I am very happy that the president is back and I want him to listen to his doctor’s advice and continue to take his medication, if any’’. The former governor noted that the president had kept his campaign promise of restoring peace to the North Eastern part of the country, which had been...

Banks  are awash with dollars, as the Central Bank of Nigeria (CBN) continues to support the naira. The banks have cleared the backlog of requests for foreign currencies for basic travel allowance, school fees and medicals. A banker told NAN that his bank had so much dollars that its marketers were asked to encourage customers to request for the greenback. The source said that the bank wanted to avoid a situation where it would be forced to return excess Forex to the CBN. Doing so would force the CBN to reduce the quantity of Forex sold to the bank. Another source from First Bank said following the CBN intervention, the bank had succeeded in clearing all pending requests for Forex as far back as September, 2016. Also, a source in Guaranty Trust Bank commended the decision of the CBN to flood the market with Forex, thereby allowing the banks to meet legitimate requests from its customers

Federal Government, yesterday, released its Economic Recovery and Growth Plan, ERGP, with a view to restore macro-economic stability and driving various sectors towards achieving the nation’s full economic potentials.  The core vision of the plan is sustained inclusive growth through structural economic transformation, with emphasis on improving both public and private sectors’ efficiency in order to increase national productivity and achieve sustainable diversification of production.  The document, released yesterday by the Minister of Budget and National Planning, Senator Udoma Udo Udoma, read:  “The Plan envisages that by 2020, Nigeria would have made significant progress towards achieving structural economic change with a more diversified and inclusive economy.  “Overall, the Plan is expected to deliver on five key broad outcomes, namely:  A stable macro-economic environment, agricultural transformation and food security, sufficiency in energy (power ...

Valiant Asiwaju Bola Ahmed Tinubu pledged has pledge his loyalty to the president and the All Progressive Congress member in a statement to debunk Thisday’s story published yesterday. The statement titled: “Response to Thisday false news report” added that the former Lagos State governor was neither planning a team nor holding consultations with the intention of planning any presidential campaign. It also said Tinubu would never join the Peoples Democratic Party (PDP) or any mega party, having laboured hard to bring the APC to life and power. The statement said: “The front page story of the February 28 Thisday newspaper alleging that Asiwaju Bola Tinubu is actively planning a presidential run is an example of bad fiction masquerading as professional journalism. According to Tinubu's Media Office Asiwaju will never stand in any contest against the President Muhammadu Buhari or back his antagonist. “The story is a manufactured tale weaved by its authors to try t...

Lagos State have seized over 4000 commercial motorcycles for disobedience of State Traffic Law 2012 which will lead to the crushing and recycling. The Commissioner of police, Fatia Owoseni recently declared this yesterday when having an interview with reporters   at the Olusosun Refuse Dumpsite in Ojota that the clampdown on Okada was a fall out of the government’s renewed resolve to address the security issues since criminals operate mostly with okada He said that the state traffic law prohibits Okada and tricycles also known as Keke Marwa from operating in 495 of the 9200 roads and routes across the state, which Lekki and Victoria Island axis confined. He said Governor Akinwunmi Ambode has oreder the police and other security agencies to engros in solid operation to enable the law erect. The Commissioner said: “It would not be one-off. So far, we have impounded about 500 motorcycles since we started our renewed efforts and we now have a total of about 4, 000 bikes ready ...

" I will accept that my generation had done a number of wrong things. But, we must have done some good things as well. “My own generation fought for the unity of Nigeria, You cannot deny that". This recently said by the Ex Nigeria President, Olusegun Obasanjo,  in Kaduna at the one-day Trade Fair seminar of Kaduna Chamber of Commerce, Industry, Mines and Agriculture, KADCCIMA,  said Nigeria was yet to get  the right leadership that will move it to true development.  Obasanjo annouce he had identified the pitfalls inhibiting the nation’s growth and development.  According to him “Look, don’t worry unduly about the mistake the generation before you had made.  When people talk to me and said ‘yes, you are wrong. " There are many things we must have done wrong but we fought for the unity of this country"  “In addition, my generation laid the foundation of democracy in the country. Our democracy is not perfect, our democracy is a journey and n...

The Independent National Electoral Commission (INEC) chairman, Prof. Mahmood Yakubu, said that his commission won't engross Nigerian companies in any electoral materials because of what it absorb. He stated this while responding to questions from members of the House of Representatives Committee on Electoral Matters during the 2017 budget defence yesterday in Abuja. Prof.  Yakubu said much as the commission would wish to engage Nigerian companies, it was practically impossible to do so for fear of disappointment, considering the time frame and the volume of work involved. “Yes we should look inward, but there are issues such as the volume you have to produce within a short time. If you engage local companies, you may realise that they don’t have the capacity to produce large number within a short period. “There’s also the Nigerian problem. People will quickly go and register a patent and make claims. Some of the procurements are time bound. We can’t allow somebody to ho...