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FCT residents commend CBN’s compliance with S/Court order on old Naira notes
FCT residents commend CBN’s compliance with S/Court order on old Naira notes
Some residents in the Federal Capital Territory (FCT) have commended the Central Bank of Nigeria (CBN) over its compliance with the Supreme Court order on old Naira notes.
The residents, who spoke in separate interviews with the News Agency of Nigeria (NAN) on Tuesday in the territory, said the compliance was a step in a right direction to help cushion the hardship faced by Nigerians.
Accordingly, the CBN met with the Bankers‘Committee and has directed that the old N200, N500 and N1, 000 banknotes remain legal tender alongside the redesigned banknotes till Dec. 31.
The Supreme Court, had in the March 3 judgment ordered the Federal Government to accept the designed denominations of Naira notes as legal tender until Dec. 31.
However, neither President Muhammadu Buhari nor the CBN Governor, Godwin Emefiele, did not act on the ruling until when the presidency in a statement on Monday, absolved the presidency from non-compliance with the ruling.
Malam Garba Shehu, the Senior Special Assistant on Media and Publicity to the President, in a statement on Monday, said Buhari never told Emefiele and the Attorney-General of the Federation, Mr Abubakar Malami to defy any court order.
“The directive of the president following the meeting of the Council of State, is that the CBN must make available for circulation all money needed and nothing has happened to change the position, ” Shehu said.
However, according to the FCT residents, the compliance was a good decision as it would also afford some Nigerians, who are yet to open an account, the opportunity to do so seamlessly.
Reacting, Mr Emmanuel Nonso, a trader in Gwagwalada market said the compliance would give business owners an opportunity to open an account and have a POS machine for transactions.
“Even before now, we have no choice than to collect the old naira notes because we can’t afford to lose our customers, especially the perishable goods sellers among us.
“The development will give some traders, especially small businesses owners the opportunity to open an account and get a POS machine for transactions,” he said.
A motorcycle operator in Kuje Area Council, Mr Hassan Bell, said “we are happy with the decision because plenty passengers ask if we have POS or if we collect transfers.”
Mr Abraham Gado, another resident of Kuje said there was need for a National broadcast by Mr President to validate the compliance and install confidence on Nigerians.
Mrs Rosemary Adaji, a staff of Kwali Area Council, who hailed the compliance, said it would reduce tension and hardship faced by people in accessing the new naira notes.
A resident of Abaji Area Council, Mrs Eunice Madaki said that the decision was fair; adding that “so long they will make the money available in circulation to reduce the hardship.”
“It was difficult to access money from the commercial banks and POS operators, adding that some POS operators charge as high as N400 for N1000.
FCT residents commend CBN’s compliance with S/Court order on old Naira notes
Nigeria@65: FG’s programmes improving welfare of Nigerians- NOA
The National Orientation Agency (NOA), on Wednesday said that the Federal Government’s programmes and policies under President Bola Tinubu-led administration were improving the welfare of Nigerians.
Mrs Adaline Patari, the State Director of NOA, Gombe State office, stated this shortly after a road show to mark Nigeria’s 65th Independence Day anniversary in Gombe.
Patari said that programmes and policies of Tinubu-led administration had supported many Nigerians from the student’s loan to conditional cash transfer to support to small businesses amongst others.
She stated that the initiatives by the present administration had restored hope and put the country amongst serious countries pursuing better reforms to improve their economy while revamping infrastructure.
According to her, many undergraduates benefitting from the student’s loan scheme which has removed all financial hindrances impeding access to tertiary education now feel a sense of belonging.
She said that the programmes and policies of the Federal Government have benefitted many households and improved their welfare in line with the Renewed Hope Agenda of President Tinubu.
“The reforms of the Federal Government are working and many persons are proud to be Nigerians and more persons are now trying to do the right things as Nigerians.
“People are beginning to see themselves as proud Nigerians and that confidence of being a Nigerian is being restored.
“Today, many Nigerians are benefitting from the programmes of the current administration, this means that the country is now working for them,” she said.
While acknowledging that there were still challenges that needed to be addressed, Patari said, at 65, we have made tremendous progress especially working together in peace and unity.
She urged Nigerians to continue to support Tinubu administration’s programmes towards building a better country that works for all Nigerians.
The state director said that with the necessary reforms being carried out and already yielding results in the economic, agriculture, security and other sectors, more Nigerians would be prouder to be Nigerians in the future.
“Today, the country is progressing and we are united; we are now prouder to be Nigerians and I can tell you that the labour of our heroes past, indeed is never in vain,” she added.
Commending the contributions of youths to national development, Patari urged them to have a positive mind-set towards Nigeria and to always express optimism of a better Nigeria for everyone.
Patari also lauded the renewed strength with which NOA under the Director General of the agency, Malam Lanre Issa-Onilu was being driven.
She said that government’s policies and programmes were getting more supports from Nigerians because of the constant engagements of Nigerians by the NOA nationwide.
The event also featured sensitisation of residents on Federal Government’s policies, programmes and the need for the people to support the current administration’s Renewed Hope Agenda
Nigeria@65: FG’s programmes improving welfare of Nigerians- NOA
Nigeria, European Union hold inaugural Trade and Investment Dialogue
By: Michael Mike
Senior Government officials of the Federal Republic of Nigeria and the European Union (EU) have today met in Abuja to assess the vibrant economic partnership between the two parties and chart a way forward.
The inaugural Nigeria-EU Senior Officials Trade and investment Dialogue (TID) was anchored by the Permanent Secretary, Federal Ministry of Industry, Trade and Investment (FMITI), Ambassador Nura Abba Rimi, and Director of the European Commission’s Directorate-General for Trade and Economic Security (DG TRADE), Ms Dora Correia,
The Minister of Industry, Trade and Investments, Dr. Jumoke Oduwole, and the EU Ambassador to Nigeria and ECOWAS, Gautier Mignot,, welcomed the launch of the Dialogue, which they said underscored the growing importance attached to trade and investment in the EU-Nigeria partnership.
This Senior Officials’ meeting marks an important step in strengthening the trade and investment partnership between the EU and Nigeria, and provided opportunity for the officials to exchange views on areas of mutual interest; address potential challenges and explore opportunities for further collaboration.
Discussions focused on a range of issues, including trade and investment policy, cooperation on market access barriers and requirements, preferential trade and investment arrangements, investment, collaboration within the World Trade Organization (WTO), regulatory measures that could impact trade and investment, and the identification of trade and investment-related development cooperation areas.
Both sides expressed their interest to continue the Dialogue, with the second TID billed to take place in Brussels, Belgium, in 2026, on a date to be jointly decided.
Nigeria, European Union hold inaugural Trade and Investment Dialogue
FG Declares Wednesday, Oct. 1 Public Holiday to Marks 65th Independence Anniversary
By: Michael Mike
The Federal Government has declared Wednesday, 1st of October as a public holiday to commemorate Nigeria’s 65th Independence Anniversary.
The Honourable Minister of Interior, Hon. Olubunmi Tunji-Ojo, who made the declaration on behalf of the Federal Government, congratulated all Nigerians both at home and in the diaspora on this historic occasion.
Tunji-Ojo, in a statement by the Permanent Secretary, Ministry of Interior, Dr. Magdalene Ajani, enjoined citizens to continue to uphold the patriotic spirit, unity, and resilience that have sustained the nation since independence in 1960.
He urged Nigerians to further keep faith in the Renewed Hope Agenda of President Bola Tinubu, which is anchored on national rebirth, economic transformation, and collective prosperity.
The Minister expressed confidence that, with the cooperation of all Nigerians, the country will continue to grow stronger in peace, progress, and development.
He wished Nigerians a happy and memorable 2025 Independence Day celebration.
FG Declares Wednesday, Oct. 1 Public Holiday to Marks 65th Independence Anniversary
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