Emefiele to Banks: Proffer Solution to FX Shortage Challenges them to meet forex needs of customers without relying on govt Nume Ekeghe The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele yesterday admitted that there is shortage of foreign
exchange to meet genuine import needs of Nigerians and challenged the financial institutions in the country to proffer solution to the problem. The CBN governor spoke
in Lagos at the 2022 Bankers’ Committee Retreat, with the theme, “Increasing the Productive Base of the Nigerian Economy and Non-Oil Export Revenues.” He said: “We must in an
attempt to walk towards diversifying the nation's economy think about how we are less reliant on crude revenues. We are in the business of servicing our customers and servicing
customers also entails that they have import needs and they need foreign exchange to conduct their import activities. “There is a clear shortage of foreign exchange today but yet
as bankers, we must meet the needs of our customers. The market is tight and I know we don't have a choice, we will have Continued on page 5
Military: Security Agencies Not Under Pressure to Scuttle 2023 Elections... Page 5 Saturday 10 December, 2022 Vol 27. No 10105
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WHO: Nigeria Accounted for 31% of Global Malaria Deaths in 2021
Onyebuchi Ezigbo in Abuja
Nigeria accounted for 31 per cent of malaria deaths recorded globally in 2021, the World Health Organisation L-R: Governor Babajide Sanwo-Olu of Lagos State; his Oyo State and Rivers State counterparts, Seyi Makinde and Nyesom Wike; as well as the Chairman, Body of Benchers, Chief Wole Olanipekun, at the conferment of Honourary Doctorate Degrees on the governors by Ajayi Crowther University, Oyo State...yesterday
Continued on page 5
IPOB, Amotekun, Ebubeagu May Spark Election Violence, US Democracy Institutes Alert If the election is perceived to be illegitimate, IPOB/ESN could gain significant traction, and potentially become ދdirectly involved in post-election violence. The proliferation of informal security elements such as Amotekun in the Southwest and Ebubeagu in the South-east further complicates security and increases opportunities for election violence ދ
Bennett Oghifo
Two United States-based Democracy institutions - the National Democratic Institute (NDI) and International Republican Institute (IRI) - have expressed concern about the activities of separatist groups and informal security outfits in the South-east and South-west of Nigeria, warning that they could be recipes for election violence in 2023. An international delegation of the NDI and the IRI raised the alarm in Abuja yesterday while presenting its second joint preelection assessment statement on Nigeria’s approaching 2023 elections. According to them, while the secessionist agitation by Indigenous Continued on page 5
CELEBRATING OONI… L-R: Wife of the Olu of Warri, Olori Ivie; His Majesty, Olu of Warri Kingdom, Ogiame Atuwatse III; Ooni of Ife, Oba Adeyeye Enitan Ogunwusi (Ọjájá II); and three of his wives, Olori Mariam, Olori Temitope and Olori Tobi Phillips, during Ooni’s 7th coronation anniversary in Ile-Ife… yesterday
FG Targets Additional 30,000MW of Electricity By 2030... Page 5