Nigeria, South Africa strengthen defence partnership
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The Chief of Defence Staff, Gen. Christopher Musa, has called for reinforcement of ties between the Armed Forces of Nigeria and the South African National Defence Force towards addressing the multifaceted security challenges bedevilling the African continent.
Musa made the call during an official visit to the Chief of South Africa National Defence Force, Gen. Rudzani Maphwanya, in Pretoria, South Africa.
This was contained in a statement by the Acting Director, Defence Information, Brig.-Gen. Tukur Gusau, on Tuesday in Abuja.
Economy: Time for talking over for Tinubu
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AFTER one year in the saddle, the time for talking and making promises about the economy is over for President Bola Tinubu. Now is the time to deliver on his avowal to strengthen and rebuild the economy through the private sector.
The Nigerian economy is battling stormy headwinds. Glaring hyperinflation, acute electricity shortages, high energy costs, steep debt servicing, chronic unemployment, divestment of multinationals, shabby infrastructure, and low wages feature prominently. Although Tinubu inherited most of them, he can revitalise the economy by significantly reducing the footprints of the government in business.
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Hinting at an economic revamp by strengthening the organised private sector at the third edition of the Nigeria Employers’ Consultative Association summit in Abuja, the President reiterated that he has embarked on economic reforms since he assumed office.
Taraba College staff send SOS to Gov Kefas over unpaid remunerations
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Some staff of the Taraba State College of Agriculture, Science and Technology have pleaded with the state governor, Agbu Kefas, to come to their rescue by commencing the payment of their long-overdue monthly remuneration.
The staff, who claimed they were employed in 2022, said they have not been remunerated once since their employment nearly two years ago.
Pleading for anonymity, the disturbed staff, who spoke with our reporter on Tuesday in Jalingo, the state capital, expressed their frustration and depression over the non-payment of their salaries since joining the institution.
Non-bank transactions surge threatens W’Africa’s financial stability – Cardoso
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The Governor of the Central Bank of Nigeria, Yemi Cardoso, has raised concerns about the growing volume of financial transactions by non-bank and Other Financial Institutions, saying they pose significant risks to the stability of the West African financial stability.
He also emphasised the vital role of non-bank financial institutions in promoting financial growth and inclusion in the West African Monetary Zone.
Speaking at the 10th meeting of the College of Supervisors for Non-Bank Financial Institutions in Abuja on Monday, Cardoso noted that NBFIs provide essential financial services to underserved segments of the population, including small and medium-sized enterprises.