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Soludo Announces Palliatives To Mitigate Fuel Subsidy Removal

By Tony Eri 

In a bid to mitigate the impact of the recent fuel subsidy removal, Anambra State Governor Prof. Charles Soludo has announced a series of palliative measures.

The measures include:

1. A 10% salary increase for all public servants and pensioners in the state.
2. A monthly flat non-taxable cash award of N12,000 for every pensioner and public servant in the state for the period September 2023 to December 2023.
3. Distribution of rice to over 300,000 households in the state.
4. Tax exemptions/reductions for hawkers, wheelbarrow and truck pushers, vulcanizers, artisans, okada drivers, petty traders, and transporters.
5. Free antenatal services and free delivery services for pregnant mothers in state primary health centers and general hospitals.
6. Repair/renovation of all serviceable Public Servants Staff Buses currently under the office of the Head of Service of Anambra State.
7. Application to purchase CNG-fueled buses for intra-state transportation.
8. Repair of existing and purchase of new water boats to ease transportation for citizens in the riverine local governments.

In the medium to long term, the governor also announced plans to:

9. Distribute one million oil palm and coconut seedlings per annum to over 100,000 households.
10. Establish a new industrial complex to process the products, thereby creating more jobs for youths.
11. Energize the One Youth Two Skills program by providing a mix of grant and soft loan schemes at a maximum interest rate of 9% per annum.
12. Complete the set-up and funding of the Ward-based Cooperative Initiative for micro-enterprises.
13. Roll out a very ambitious program to build/modernize the primary health centers (PHCs) in all the 326 wards.
14. Construct over 340km of roads across all the twenty-one local governments.
15. Improve the Ease of Doing Business in Anambra to attract private sector investment into the state.

Governor Soludo said that the palliative measures are aimed at cushioning the impact of the fuel subsidy removal on the people of Anambra State.

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Dollar To Naira Exchange Rate For Today 28 April 2024

Find below, the Dollar to Naira exchange rate for today, 28 April 2024.

Lifestyle Nigeria has obtained the official dollar to the naira exchange rate in Nigeria today, including the Bureau De Change (BDC) rate and CBN rates.

What Is The Official Exchange Rate For Dollar To Naira Today?

The exchange rate between the Naira and the US dollar according to the data released on the FMDQ Security Exchange, the official forex trading portal showed that the Naira opened at ₦1346.35 per $1 on Thursday, April 25, and closed at ₦1339.23 per $1 on Friday, April 26, 2024.

However, the Naira is trading as high as ₦1,300 per Dollar at the black market even though the Central Bank of Nigeria (CBN) announced the unification of all segments of the foreign exchange market.

The apex bank, had in a circular on Wednesday 14th June 2023, said all FX windows were now collapsed into the investors & exporters (I&E) window.

The statement read, “Abolishment of segmentation. All segments are now collapsed into the Investors and Exporters (I&E) window. Applications for medicals, school fees, BTA/PTA, and SMEs would continue to be processed through deposit money banks.

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Sierra Leone Energy Minister Resigns Over Electricity Crisis

Sierra Leone has been facing a severe electricity crisis for the past few weeks, leading to the resignation of its Minister of Energy, Kanja Sesay.

Lifestyle Nigeria reports that in his resignation letter, Sesay took full responsibility for the crisis.

As a result, the government has placed the energy ministry under the direct supervision of President Julius Maada Bio, who will be assisted by two other officials.

The electricity crisis came to an end after the government paid $18.5 million to two power providers, Turkish Karpowership and Transco-CLSG group. Sierra Leone owed the two producers $40 million.

Freetown and the cities of Bo, Kenema, and Koidu had been experiencing multi-day stretches without electricity since mid-April.

Karpowership confirmed the payment and has been supplying electricity to Sierra Leone since 2018 from a floating offshore unit.

However, it had reduced its capacity from 65 megawatts to just five in recent months due to payment issues. In September, it had cut supplies to Sierra Leone over unpaid bills.

It had also briefly cut power to Guinea-Bissau in October, citing a protracted period of non-payment as the reason.

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Hardship, Insecurity Fueling Mental Illness In Nigeria – Archbishop

The Catholic Archbishop of Kaduna, Most Rev. Matthew Man-Oso Ndagoso has said that hardship, insecurity and other challenges in the country are pushing so many Nigerians into mental disorder.

Archbishop Ndagoso said this at the 2024 Annual General Assembly of Catholic Archdiocese of Kaduna with the theme; ‘Integrating Mental Health Into Pastoral Care in the Archdiocese of Kaduna’.

The respected cleric said the country has in the last 13 years been going through insurgency, banditry, kidnappings for ransom, farmers/herders conflicts, ethno-religious conflicts, armed robbery, alcohol and substance abuse.

He noted that of late, very high cost of living,l caused mainly by the unplanned and hasty removal of fuel subsidy and the free floating of the Naira which led to its unimaginable devaluation have brought unprecedented and untold hardship on the vast majority of the citizenry, thereby causing mental and physical illnesses.

“Many people have lost, not only their sources of livelihood but above all their homes and ancestral lands. Acute hunger leading to malnutrition and death especially of children are the order of the day in our country today. Many are at a loss. Depression, anxiety and fear of the unknown are on the increase in the land,” the cleric said.

He further blamed insecurity for the people’s mental health, noting that “security challenges seem to be still in the thick of the woods.”

He lamented that the spate of kidnappings for ransom is on the increase in some rural communities.

“We must continue to be vigilant and work together with all security agents especially the local vigilante groups.

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