Good Move!! Dangote To Give 500mw Electricity To 4 States

President, Dangote Group of Companies, Alhaji Aliko Dangote has pledged to construct a 500 megawatt power plant for Kano, Katsina, Jigawa and Kaduna states.In his address at the 36th Kano Trade Fair held in Kano, the executive director stakeholders management, Engr. Mansur Ahmad who represented Aliko Dangote at the occasion stated that power plant is a deliberate attempt to support local economy and wealth creation.Engr. Mansur maintained that without power industries and commerce will cripple and businesses will tremendously decline and that has been the situation in Kano for decades, saying anything to be done to revive such would have to be done now than anytime.The Executive Director revealed that they were currently discussing with the Kano State government on the 500 mega watt power supply and final agreement will be sign in few weeks to come.According to him, Dangote has been providing support areas of health and education in Kano, adding that in the next few weeks they are goingto hand over six out of the health care facilities built and were completed to Kano government.In his words Dangote group has done quite a lot of intervention across the federation, sighting the example of Ebola case were Dangote group expended over a billion naira to control it's spread and another billion naira support to Internally Displaced Persons, IDP's in especially the north east.

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EMIR OF KASTINA TELLS PRESIDENT BUHARI TO SIGN PEACE CORPS BILL

The Emir of Katsina, Abdulmumini Usman, has declared support for the Peace Corps bill passed by the National Assembly. The bill, which seeks to turn the Peace Corps, a non-government organisation, into a government paramilitary agency, has elicited mixed reactions from Nigerians. Proponents see it as an avenue to create jobs for thousands of youth while critics describe as a duplication of functions already being performed by existing agencies and creation of another bureaucracy at a time the country is finding it difficult to pay workers' salaries. The bill was opposed by existing military and security institutions in Nigeria and the Peace Corps leader Dickson Akoh is currently being prosecuted for alleged fraud. Apart from lawmakers, the bill is also supported by some prominent Nigerians including the Minister of Sports, Solomon Dalung, who also asked Mr. Buhari to sign to it. The News Agency of Nigeria reports that the Katsina emir made a similar call on the president on Thursda...

AKEREDOLU, KEKEMEKE AND OTHERS BID MRS FAGUNWA GOODBYE

CBN Says It Can’t Reverse The Ban On ATM Card Use Abroad

The decision of Deposit Money Banks, DMBs, to place a restriction on the use of ATM cards abroad by bank customers is due to scarcity of foreign exchange, the CBN has said.The CBN said although it sympathizes with Nigerians for the sufferings they are experiencing in carrying out transactions abroad, it can't reverse the decision of DMBs and the CBN is in support of it as it would assist in reducing the pressure on the Naira.The Director, Monetary Policy Department, CBN, Mr. Moses Tule, explained that the restriction might continue until Nigeria could increase its foreign exchange earnings. He said if banks had not taken the decision to restrict the use of the ATM cards abroad, some of them would current be experiencing challenges meeting the overseas demand of their customers.May GOD help Us.. AMEN!!!

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