Obasanjo Raises Alarm Over Increasing Poverty In Nigeria

Former President, Chief Olusegun Obasanjo has urged Federal, State and local governments "to do more in the area of employment" as too manyNigerians are suffering the consequences of poverty.Obasanjo warned that "if there is no job for the unemployed to feed themselves and also to contribute to the development of the country then, we will all be sitting on gun powder."Speaking very frankly, Obasanjo insisted:"If University education was not for development then, it was not serving any useful purpose, insisting that "It must be for development, personal, local, national and even global and that is very important."The former President who spoke at the 10th anniversary and 6th and 7th convocation ceremonies of Tai Solarin University of Education (TASUED), Ijagun, Ijebu Ode, Ogun State.He stated that education should be a meal ticketfor anybody that has it, adding that it is also a means for one to break the poverty circle.Obasanjo advised "I believe in lifelong education. Nobody should stop learning until he or she dies."

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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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