Good morning Nigeria, welcome to GWG roundup of top newspaper headlines in Nigeria for today, Wednesday, 25th January 2023.
1. Fuel Scarcity: President Buhari Heads 14-Man Committee
A 14-man Steering Committee has been constituted to find lasting solutions to the problems surrounding the supply and distribution chain of petroleum products in the country.
The committee which was set up by President Muhammadu Buhari would be chaired by himself and co-chaired by the Minister of State for Petroleum Resources, Chief Timipre Sylva.
The committee has the mandate to among other things ensure transparent and efficient supply and distribution of petroleum products across the country.
2. Senate Gives CBN Fresh Directive On Deadline For Old Naira Notes
The Senate has asked the Central Bank of Nigeria (CBN) to extend the deadline for the circulation of old naira notes by six months.
The lawmakers during plenary on Tuesday said the apex bank should shift its deadline till July 31, 2023.
During a debate on a motion sponsored by Senator Sadiq Suleiman Umar (APC, Kwara) at Tuesday’s plenary, the lawmakers pointed out that the new notes were not enough in circulation, and the January 31st deadline was not feasible as it could lead to chaos in the country.
3. National Assembly Sends 35 Constitutional Bills To Buhari For Assent
The National Assembly on Tuesday disclosed that thirty-five constitutional amendment bills have been passed by state assemblies.
The 9th senate led by Ahmad Lawan asked the clerk to transmit 35 bills out of the 44 constitutional amendment bills to President Muhammadu Buhari for assent.
Among the proposed legislations not approved by the state assemblies are bills seeking financial and legislative autonomy for local governments.
The resolution to transmit the bills to Buhari for assent was passed at Tuesday’s plenary following the adoption of a motion by Ovie Omo-Agege, deputy senate president, and 66 other lawmakers.
4. No Extension Of Deadline For Old Naira Notes – Emefiele Insists
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said that there is no going back on the date set to withdraw the legal tender status of the old naira notes.
Emefiele made this known on Tuesday during the first Monetary Policy Committee meeting of 2023 after the Senate’ bid to extend the deadline for the circulation of old naira notes by six months.
Emefiele said that 90 days is enough for everyone who still has the old currency to deposit it in the banks.
According to him, the apex bank stopped banks from paying new notes over the counter because they were not paying to the vulnerable people that needed the new notes.
5. Buhari Seeks Senate Confirmation For Arase As Police Service Commission Chairman
The President of Nigeria, Muhammadu Buhari has written to the Senate, seeking the approval of the lawmakers on the appointment of Solomon Arase, as the chairman of the Police Service Commission (PSC).
President’s request was contained in a letter read before the legislators during Tuesday’s plenary by Senate President Ahmad Lawan.
Arase is a former Inspector-General of Police (IGP)and retired about one year after President Buhari assumed office.
Quoting sections 153 (1) and 154 (1) of the constitution as amended in his letter, Buhari asked the upper legislative chamber to confirm Arase as the PSC chairman.
6. CBN Increases Interest Rate To Control Inflation
The Central Bank of Nigeria (CBN) has increased the benchmark interest rate to 17.5 percent on Tuesday.
CBN’s policy-setting committee increased the monetary policy rate (MPR) from 16.5 percent to 17.5 percent at its first meeting of the year in Abuja earlier today.
Every other interest rate employed in an economy is based on the monetary policy rate (MPR), which serves as the foundational interest rate for the whole economy.
The CBN Governor, Godwin Emefiele, who announced the new interest rate while reading the communiqué from the meeting, said the committee decided to increase the interest rate to “aggressively” control inflation.
7. End Your Court Case, Let Us Talk About It In Our Sitting Room – Tinubu Begs Former Minister, Uche Ogah
Presidential candidate of the All Progressives Congress (APC), Bola Tinubu has pleaded with the former minister of state for Steel and Mines Development, Dr. Uche Ogah to put an end to all court cases he filed over the Abia state governorship primaries and come and meet him to talk over the matter.
Ogah had earlier filed a suit challenging Ikechi Emenike as the governorship candidate of the party.
Weighing in on the differences between the two men at the Abia State APC presidential and governorship campaign flag-off at the Umuahia township stadium on Tuesday, Tinubu explained that his position over the governorship dispute is clear to all as Chief Ikechi Emenike has gotten the governorship flag of the party and should be supported to win the election.
8. INEC: We Will Not Take Any Excuse – Cherubim And Seraphim Church Leader Sends Message To FG
The leader of the Cherubim and Seraphim Unification Church of Nigeria, Prophet Adegboyega Alao has asked the Federal Government to withdraw security personnel attached to Very Important Persons (VIPs) and deploy them to provide security for the officials and facilities of the Independent National Electoral Commission (INEC).
The clergyman stated this during a press briefing heralding the church’s annual general conference on Monday.
9. NPC Commences Training For 2023 Census
In preparation for the 2023 population and housing census scheduled to begin from March 29 to April 2, 2023, the National Population Commission has commenced the training of functionaries for the exercise across the country.
In a statement issued by the Director of Public Affairs, Isiaka Yahaya, noted that the training, which commenced on Monday, started with the training of census specialised workforce and facilitators who will in turn train enumerators, supervisors, field coordinators, data quality assistants and data quality managers.
10. Fire Guts Anambra Plaza, Razes Phone Shop
Fire has gutted the second floor of Ezenwa Plaza, opposite Eke Awka Market, Anambra State.
It was gathered that the fire which occurred late Tuesday, emanated from one of the shops in the plaza as a result of suspected power surge.
It was gathered that a shop was badly burnt because of combustible nature of phones, phone batteries and other accessories that were sold there. The fire also affected some of the roofing sheets of the building.
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