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MR. PRESIDENT; WITHHOLD ASSENT TO THE AMENDMENT OF THE CENTRAL BANK OF NIGERIA ACT

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MR. PRESIDENT; WITHHOLD ASSENT TO THE AMENDMENT OF THE CENTRAL BANK OF NIGERIA ACT

By: Michael Mike

Centre for Social Justices (CSJ) notes with regret the recent amendment to the Central Bank of Nigeria Act, increasing advances the CBN can grant to the Federal Government of Nigeria from 5 percent to 15 percent. The amendment contradicts best practices in fiscal responsibility and is an authorization of the Executive to create macroeconomic distortions through arbitrary and increased ways and means funding.

We recall that the extant S.38 of the CBN Act grants FGN access to ways and means financing in respect of temporary deficiency of budget revenue at such rate of interest as may be determined by CBN. The total amount of such advances outstanding shall not at any time exceed five per cent of the previous year’s actual revenue of FGN. All Advances made pursuant to this authority shall be repaid – (a) as soon as possible and shall in any event be repayable by the end of the Federal Government financial year in which they are granted and if such advances remain unpaid at the end of the year, the power of CBN to grant such further advances in any subsequent years shall not be exercisable, unless the outstanding advances have been repaid.

According to Senator Gobir said: “The very essence of this bill is to enable the federal government to meet its immediate and future obligation in the approval of the ways and means by the National Assembly and advances to the federal government by the Central Bank of Nigeria. This amendment is very consequential and it needs the support of us all. This is to enable the federal government to embark on very important projects that will inflate and rejig the economy.” However, the amendment is a misconceived route to meeting the needs and obligations of FGN and definitely cannot be the road to rejigging the economy. It will rather create new macroeconomic challenges.

Specifically, the following issues are noteworthy:

v If FGN has not been able to refund previous advances from the CBN at 5 percent of previous year’s revenue, what machinery did the amendment put in place to ensure that FGN will be in a position to repay 15 percent of previous years revenue by the end of its financial year?

v There is evidence that previous advances from the CBN were in excess of the 5 percent rule and instead of reforms to ensure conformity with fit and good practices, a leeway is provided for deepening fiscal mischief.

v Previous high levels of advances led the Executive to incur over N23trillion in ways and means which could not be repaid and had to be converted by the National Assembly to long term indebtedness contrary to the provisions of the CBN Act.

v S. 38 (1) of the CBN Act categorically states that such advance should be in respect to temporary deficiency of budget revenue and not as a means of funding the deficit budget as the Federal Government has resorted to in recent years. Over the years and in accordance with fit and good practices, ways and means has never been listed in the Appropriation Act as a source of funding the deficit.

v The option of resorting to ways and means to fund budgetary deficits further increases the already high inflation rate especially when done by printing money not backed by value. Thus, it erodes the value of the Naira, and real income; it reduces purchasing power of citizens.

v The amendment of the CBN Act did not follow due process; it was arbitrary and lacking in popular particpation. There was no opportunity of a public hearing and publicity, to give room for Nigerians to make inputs on this very crucial matter with potentials to negatively affect overall economic growth and general welfare of the people.

In the light of the foregoing, CSJ strongly appeals to President Bola Ahmed Tinubu to withhold assent to the bill. CSJ acknowledges the revenue challenges facing the nation but the implementation of this particular bill (if it becomes law) will create monumental macroeconomic challenges now and in the future.

Eze Onyekpere Sundayson Chidi
Lead Director Program Manager, Public Finance Management.

MR. PRESIDENT; WITHHOLD ASSENT TO THE AMENDMENT OF THE CENTRAL BANK OF NIGERIA ACT

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NIMC Unveils WhatsApp, Live Chat Platforms to Revolutionise NIN Customer Support

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NIMC Unveils WhatsApp, Live Chat Platforms to Revolutionise NIN Customer Support

By: Michael Mike

The National Identity Management Commission (NIMC) has launched new WhatsApp and live chat support channels to improve customer service and ease access to National Identification Number (NIN) enquiries for Nigerians and legal residents.

In a statement issued on Monday, the Commission said the initiative forms part of its ongoing digital transformation and service reform agenda under the leadership of Director-General and Chief Executive Officer, Abisoye Coker-Odusote.

According to NIMC, the newly introduced platforms are designed to provide faster, more convenient and real-time support services to the public, while reducing the need for physical visits to its offices.

The Commission stated that users can now access support through the live chat feature on its official website, NIMC Official Website, as well as through its official WhatsApp support line at +234 701 566 6971.

NIMC noted that the move aligns with the Renewed Hope Agenda of President Bola Tinubu, which seeks to improve efficiency in public service delivery through technology-driven solutions.

The Commission explained that the platforms would offer prompt responses to enquiries, real-time guidance, and verified information relating to NIN services and identity management matters.

It added that the reforms being championed by Coker-Odusote are aimed at expanding access to identity services, strengthening public confidence, and enhancing operational efficiency across the Commission’s activities.

NIMC also urged Nigerians and legal residents to utilise only its official communication channels and remain vigilant against misinformation and fraudulent activities.

NIMC Unveils WhatsApp, Live Chat Platforms to Revolutionise NIN Customer Support

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Troops Neutralised Over 250 Terrorists, Recovered 150 Weapons in Sector 2 Operations — Commander

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Troops Neutralised Over 250 Terrorists, Recovered 150 Weapons in Sector 2 Operations — Commander

By: Zagazola Makama

The Commander of Sector 2, Operation HADIN KAI, Brig.-Gen. Beyidi Martins, says troops operating within the sector have neutralised more than 250 Boko Haram and ISWAP fighters during sustained offensive and defensive operations across Yobe and parts of southern Borno.

Martins disclosed this on Tuesday during a media briefing in Damaturu, where he highlighted major operational achievements recorded within the sector’s Area of Responsibility (AOR).

He said the achievements were made through a combination of kinetic and non-kinetic operations aimed at degrading the operational capability of terrorists and restoring security across critical locations.

According to him, troops carried out deep penetration and clearance operations into previously inaccessible terrorist enclaves within the Timbuktu Triangle, including Buk, Chileria, Kafa, Abbagajiri and Maisani.

He stated that over 50 terrorists were neutralised during offensive operations conducted within the Timbuktu Triangle, Bulabulin Forest and other identified hideouts.

Martins further disclosed that troops also foiled coordinated attacks on military formations at Kukareta, Forward Operating Base (FOB) Azir, Gonori, Buni Gari and Katarko, among other locations.

He said the failed attacks resulted in more than 200 terrorist casualties.

“In the course of these operations, troops recovered over 150 assorted weapons and large quantities of ammunition from the terrorists,” he said.

The commander listed some of the recovered items to include AK-47 rifles, PKT machine guns, Rocket Propelled Grenade (RPG) tubes, hand grenades, mortar bombs, motorcycles, communication gadgets and Improvised Explosive Device (IED) materials.

He added that troops also discovered and destroyed terrorist life-support structures, detention facilities, IED fabrication sites and Vehicle-Borne Improvised Explosive Devices (VBIEDs) in Chileria, Buk and other identified locations.

Martins said intelligence-driven operations had equally disrupted terrorist logistics networks, leading to the arrest of more than 30 suspected logistics suppliers, couriers and collaborators.

According to him, troops intercepted drugs, Premium Motor Spirit (PMS) and medical supplies suspected to be destined for insurgent groups.

The commander attributed the successes to sustained offensive pressure, improved intelligence gathering and stronger collaboration between troops and local communities.

He reaffirmed the commitment of Sector 2 troops to sustaining operations aimed at eliminating remaining terrorist threats within the North-East theatre.

Troops Neutralised Over 250 Terrorists, Recovered 150 Weapons in Sector 2 Operations — Commander

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Sector 2 Repairs 30 Battle-Damaged Vehicles, Expands Surveillance in Anti-Terror War

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Sector 2 Repairs 30 Battle-Damaged Vehicles, Expands Surveillance in Anti-Terror War

By: Zagazola Makama

The Commander of Sector 2, Operation HADIN KAI, Brig.-Gen. Beyidi Martins, says the Nigerian military has significantly enhanced operational mobility and surveillance capacity in the North-East through the repair of battle-damaged equipment and deployment of modern combat enablers.

Martins stated this on Tuesday during a media briefing in Damaturu while outlining operational and non-kinetic achievements recorded by the sector.

He said the sector successfully overhauled and repaired 30 battle-damaged and burnt armoured and tactical vehicles previously considered beyond economic repair.

According to him, the refurbishment programme has improved operational lift capability and increased firepower available to troops operating across the sector.

The commander said the initiative was part of efforts to sustain combat operations without waiting for prolonged procurement processes for new platforms.

He explained that the sector also procured critical operational equipment within available resources to improve troop effectiveness and communication.

The items, he said, included Night Vision Goggles (NVGs), surveillance cameras, tactical drones, Starlink communication systems, radios, repeaters, floodlights and inverters.

Martins noted that the equipment had enhanced surveillance capability, troop coordination and operational response within difficult terrains across the Area of Responsibility.

He added that troops also sustained Counter-IED and shoulder-clearance operations along major highways, particularly the Maiduguri-Damboa and Biu-Damboa routes, to improve troop mobility and reduce ambushes and roadside bomb attacks.

On non-kinetic operations, the commander said the sector intensified stakeholder engagements with community leaders, traditional rulers, youth groups and religious leaders to strengthen civil-military relations and improve intelligence sharing.

He said troops also provided armed escorts for commuters and humanitarian organisations along vulnerable corridors, including the Maiduguri-Damboa, Damaturu-Maiduguri and Biu-Damboa roads.

According to him, Sector 2 conducted regular farm patrols to protect farmers during cultivation activities and supported reconciliation efforts between farmers and herders in flashpoint communities.

Martins said the sector further collaborated with the International Committee of the Red Cross (ICRC), NGOs and Civil Society Organisations (CSOs) on humanitarian support, sensitisation campaigns and training on international humanitarian law.

He also commended vigilantes and Hybrid Forces for their contributions to intelligence gathering and deep insertion operations within difficult terrains.

The commander assured that troops would continue to sustain offensive operations and strengthen collaboration with communities to consolidate gains recorded in the fight against insurgency.

Sector 2 Repairs 30 Battle-Damaged Vehicles, Expands Surveillance in Anti-Terror War

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