Lawmaker says CBN contradicts itself on cashless policy and proposed N5000 note

The chairman, House of Representatives Committee on Media, Zakari Mohammed, on Thursday condemned the policy of  Central Bank of Nigeria (CBN) on the proposed N5000, wondering if the CBN is insisting on migrating Nigeria to a cashless economy, “why then is the same CBN proposing the creation of the N5000 denomination? he asked.

He further stated that this does not only show confusion but shows contradiction on the part of the CBN, adding that “such a move as at now is not necessary” he said, speaking on behalf of the House of representatives.

Mr. Mohammed added that the resolution of the House of Representatives is always respected despite claims that the House resolutions are not bidding on the executive arm of government.

Analyst muses over CBN planned currency restructuring

There’s been a whole lot of uproar over the current currency restructuring plan of the Central Bank of Nigeria (CBN) with the proposition of N5000 denomination.

Penalize non-performing ministers, labour leader tells Jonathan

The National Vice Chairman of the Nigerian Labour Congress, Isa Aremu on Friday threw his weight behind the signing of performance contract between President Goodluck Jonathan and the members of his cabinet.

Mr Aremu said that performance should be tied to reward and sanctions.

The NLC Vice President spoke as a guest on Channels Television’s breakfast programme, Sunrise Daily.

Performance contract not associated with budget criticism – Shamsudeen Usman

The Minister of National Planning Commission, Shamsudeen Usman on Friday denied claims that the signing of  performance contract between President Goodluck Jonathan and the ministers was as a result of the criticisms over poor budget implementation.

According to the minister, the move is to create a result-oriented government and ensure service delivery and accountability of leadership.

The minister  spoke as a guest on Channels Television’s morning programme, Sunrise Daily.

Economy: President Jonathan given pass mark by CAGG

A non-government agency, The Concerned Advocacy for Good Governance (CAGG) has scored the administration of President Goodluck Jonathan high on the economic growth and high employment rate the country is witnessing.

Mr.Olusegun Bamgbose who represented the group who also is the National Coordinator of the same group gave the Federal Government thumbs-up while addressing newsmen in Aba today saying the inflation has successfully been kept under control by the current administration as services rendered and goods are having stable rates and the states now has more resources at their disposal.

Also Bamgbose commended the administration for the initiation of the Youth Enterprise with Innovation in Nigeria (You WIN); the programme responsible for the mass creation of jobs for Nigerians as unemployment in the country has reduced to some level and if the programme is properly managed youth unemployment will be a thing of past in Nigeria, he concluded.

On the issue of making Nigerians not feel the pinch of the fuel subsidy removal, he said President Jonathan promised to provide vehicles which will be taken to the whole states in the federation and true to his words, he fulfilled that promise to cushion the effects of the removal.

Though, Bamgbose pointed out that the greatest challenge plaguing the Jonathan’s administration is the lack of security in the whole country as security has been porous thereby giving way to several lapses which cost the loss of many lives in the country, he however pleaded with the President Jonathan to do something about the state of insecurity in the country so as to further strengthen the economy of Nigeria.

Focus on the economy: Jonathan has done well in certain areas – Noel Akpata

Noel Akpata, an economist took a look at the implications of the President Goodluck Jonathan’s speech on democracy day on the 29th of May 2012 as regards the economy with the Sunrise Daily crew, as he was asked that all the talks about economic growth in the country are just about figures and the impact is not felt by the ordinary Nigerian.

Noel said he wants to be optimistic concerning the present happenings economically in the country for it does not pay Nigerians to see things in a negative manner as he was quickly asked by Chamberlain Usoh the main anchor of Sunrise daily if the word is being Negative or realistic economically, but Noel stuck to his choice of being optimistic that Nigerians should look at the events in a beneficial manner to every Nigerian as the result will soon materialise.

He also spoke on the renaming of Unilag to MAU that the students should realise that it’s just a name and does not change the status of the higher institution around the world.

Fuel Subsidy Report:Those indicted should be prosecuted – Joel Odunmakin

A lot of controversies has greeted the fuel subsidy probe report submitted by the Farouk Lawan led-committee.

The Chairman of the committee that conducted the probe has claimed that there were calls from some quarters to influence the report.

The House of Representative has adopted some of the recommendations in the report while the debate is still going on some before the report will be passed to the executive arm of government for implementation.

In the studio of Sunrise Daily today, is the leader of Campaign for Democracy,Joel Okei Odumakin, to relate with the crew on the fuel subsidy report as the Save Nigeria Group (SNG) has issued a two-week ultimatum for the implementation of the report or a call of massive protest will be made by the group.

A focus on the economy of Nigeria

Business Morning presenter;Esther Ugbodaga had business analyst/CEO Bismarck Rewane to analyse the country’s economic performance in the first quarter of the year 2012.

Okorocha to establish Imo airline

The Imo state government on Monday signed a Memorandum of Understanding with the business community of the Republic of Kosovo in Europe to partner in the establishment of the Imo state airline company.

Briefing Government House correspondents in Owerri the Imo state capital, the state governor, Rochas Okorocha said that his one week business and economic trip to Europe was basically to attract foreign investors to the state.

Mr Okorocha said that the imo state government has signed “a Memorandum of Understanding with the business community of the Republic of Kosovo majorly for the purpose of industrialization and the establishment of Imo state airlines” in Owerri.

He said that the multimillionaire investment project will signal the commencement of a viable and beneficial business relationship between Imo state and the Kosovo business community.

The governor also said that from the business trip, Imo state is expected to begin to unfold plans to develop various sectors of the economy such as agriculture, construction, tourism, commerce, and power generation through Independent Power Plant (IPP).