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MAN Urges CBN To Remain Resolute On Its New Policy On Forex

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Manufacters Association of Nigeria (MAN) has thrown its weight behind the recent policy of the Central Bank of Nigeria (CBN) to withdraw foreign exchange from Bureaux De Change (BDCs) in the country.

MAN President, Engr Mansur Ahmed said this yesterday in Ilorin, Kwara state capital at the Annual General Meeting (AGM) of Kwara and Kogi states branch of the association.

The MAN boss who lamented the effect of activities of the BDCs on the manufacturing sector further noted that CBN policy would temporarily hike exchange rate, the country’s economy would be better for it.

He said foreign is not a commodity that should be taken to the market and traded.

“In the last few months, there have been efforts by the central bank to control the flow of foreign exchange for us to get more Forex in the manufacturing sector.

“The decision by the CBN to withdraw supply of foreign exchange from the Bureaux De Change is one that the manufacturing sector is fully in support of.

“Foreign exchange is not a commodity that should be taken to the market and traded. Its availability is intended to allow those that are producing goods and services to bring in the necessary materials and equipment required in order to produce those goods and services at affordable prices”, he added.

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Engr Mansur said the action of the CBN on foreign exchange is most welcome even if it is belated.

He said “In this regard, I affirm the support of the MAN for this policy as well as others polices in the infrastructure sector executed by the FG. The art of getting foreign exchange in the market, to me does not make sense.

“And yet we know that this process has indeed made huge sum of forex into the BDCs. We do not see how that will help the economy.

“Certainly, if the foreign exchange is made available to our manufacturing companies, more young people will be employed and the companies will operate at higher capacity and more industries will be created while lot of the raw materials needed will be readily available

“So if you have to sell forex to traders in the market as if it is a commodity, you are denying the manufacturing sector these vital resources. The law of forex as it was being done is not sustainable.

“According to the CBN report, the number of BDCs exploded between 2005 and 2021 from 74 to over 6,000. Assuming giving $20,000 to BDCs weekly, this will amount to over $600m of forex weekly going into the market instead of going into industries to produce goods and services and create employment.

“How do you control the flow of forex in BDCs not to fall into the hands of those who will take it out of the country and go and stash in foreign bank or go to the hands of those who use it to buy weapon and make our lives miserable expanding the scope of terrorism and banditry?

“So we welcome this change by the CBN and ask that the central bank remain resolute. We are aware that this initiative was part of the reason for the recent hike in forex rate. We believe it is going to be temporary.
“Those who are using it for importation of drugs and arms and ammunition will pay anything to get it. Our message is that the CBN should remain resolute and continue to look for ways that those illicit flows can be contained for more forex to be directed to industries and to genuine legitimate users which it is supposed to be for”, he added.

Earlier, Kwara and Kogi state chair of MAN Bioku Rahmon urged the Federal Governemnt to apply quick remedies to support for the country’s industrialists.

Mr. Rahmon bemoaned the high and fast-rising Nigeria’s debt profile and sundry other challenging plaguing the manufacturing sector.

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League of Veteran Journalists Held Validation Meeting of a Draft Charter

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By Abbas Yushau Yusuf

The proposed League of Veteran Journalists of Kano State has held a validation meeting of a draft charter of the league.

Dr. Saminu Rijiyar Zaki, while presenting the draft at the League of Veterans held in Kano, said one of the requirements was that the members should be of the highest standard of integrity and should not affect the independence of the league.

Dr. Saminu, who is of the Department of Information and Media Studies, Faculty of Communication, Bayero University Kano, said there should be grounds for discipline for gross violation of the code of ethics.

He said for misuse of the league’s resources, complaints against any member should be written in person to the secretariat.

Comrade Ibrahim Abdullahi Waiya addressing the Press after the meeting

Comrade Ibrahim Abdullahi Waiya addressing the Press after the meeting

Executive Committee Adjudication
Should make a recommendation.

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A veteran journalist, Malam Nasiru Gwadabe, made observations and said the league should be addressed as the Forum of Media Stakeholders, not the League of Veterans, because it involves all sections of journalists.

On her part, a retired staff of the State Ministry of Information and a veteran journalist, Maryam Yerima Muhammad, said the proposed funding of the association as provided in the draft charter is very serious.

She said most of the veterans are retired. How can a veteran contribute with the little pension he acquires monthly from retirement?

She called for subvention to be given to the league to operate.

A media scholar, Dr. Hassan Alhaji Yau, also proposed the establishment of an interim management committee of the league, in which a veteran with over fifty years’ experience, Malam Ahmad Aminu, was appointed as the chairman.

Closing the gathering, the State Commissioner for Information, Comrade Ibrahim Abdullahi Waiya, while addressing the press, said the League of Veteran Journalists in Kano will chart a new course for journalism in the state and Nigeria.

Media scholars from Bayero University who graced the occasion are Professor Hajara Umar Sanda, Professor Nura Ibrahim, Professor Hadiza Ibrahim, Malam Mukhtar Magaji, Associate Professor Gwani Ibrahim Siraj Adhama and Professor Hassan Yau.

Some of the veterans that graced the occasion are former President of the NUJ, Comrade Sani Zoro; former Chairman of NUJ Kano Council, Abbas Ibrahim; former Permanent Secretary Abubakar Rimi Television, Faruk Umar Usman; Alhaji Ahmad Aminu; Malam Bala Muhammad; Muhammad Sunusi Jibrin; Abdullahi Malam; Abba Murtala Yankaba; Muhammad Dahiru Sheka; Abdulkadir Kwakwatawa; Ibrahim Ahmad Karaye; Hajiya Aishatu Sule; Prince Ajayi Maimayatan; Ado Saidu Warawa; Bala Nasiru, among others.

Some of the journalists called for a comprehensive media policy in Kano that will guide the revival of the state’s comatose industries, religion, and culture.

The draft charter was adopted as moved by Malam Bala Muhammad of the Department of Mass Communication, Bayero University Kano, and was seconded by Malam Abdullahi Malam, a former bureau chief of the News Agency of Nigeria in Kano.

 

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Dangote Cement Making Measurable Impacts In Benue Host Communities — FG

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The Minister of Solid Minerals Development, Dr. Dele Alake, has said that Dangote Cement Plc is making measurable impacts in its Gboko Host Communities of Benue State.

At the commissioning of Dangote Cement’s multi-million-naira water projects, scholarship awards and youth skill acquisition programme, the minister commended the company for its impactful contributions to host communities.

He also commended the Industrial Training Fund (ITF) for partnering and supervising the training of youth during the skill acquisition programme.

Represented by an Assistant Director of Mines and Environmental Compliance, Benue State, Mrs. Adijatu Usman, the minister said Dangote Cement is meeting its obligations under the Community Development Agreement (CDA).

He said the CDA ensures that mining companies plough back part of their profits into their host communities.

He said: “I can tell you that the Dangote Cement has delivered several projects for its host communities.

“The project was a fall out of a Federal Government policy, for companies such as Dangote to give back to its host communities.

“It is a Federal Government policy for mining companies to reinvest part of their profits into host mining communities so as to impact the communities, and as a result of that policy we have had series of engagements with them.

“There are six of these communities here. We sat with them several times and these projects are certified community-based projects because the community agreed that they needed these projects. And we are here today because the projects have been completed.

“What we expect is for the communities to see these projects as their personal projects; own them, and protect them, so that they will be sustainable. That way there will be economic development within the communities.

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“We share in their joy as we present these projects to them, and we think that mining will be sustainable.”

Speaking at the commissioning and handover ceremony of the projects to the communities, Head of Social Performance at Dangote Cement Plant in Gboko, Dr. Johnson Kor, stated that the projects were delivered to communities that have challenge in access to good water supply.

Dr. Kor said: “We are here today to commission CDA projects that were earmarked for these host communities since last year December 2024. We have done many of them and these are the ones that have been completed, and they are water projects among them motorized and solar powered boreholes.

“Community Development Agreement was entered in collaboration with the Federal Ministry of Solid Minerals Development and the host communities, the stakeholders and the Plant.

“It is a five-year agreement, and this is the first year and by next year we will be going into the second round and as you can see, we are also working on some electricity projects which are yet to be completed.

“These are areas where they hardly get water, despite having hand dug wells, they are perennially in need of water and some of them are using water from the streams or river because of their proximity to River Benue.

“Therefore, we felt there was need to provide water for them, and they are happy with this kind of gesture exhibited by the Dangote Cement Plc.

“The boreholes are located in Pass Brother, Mbaakpoghol-Mbatyu; Mbaswa-Mbatser and Agboghol-Amua communities.”

District Head of Mbaakpoghol-Mbatyu, Chief Kunav Anum, observed that as a community, his people were very happy to have one of the boreholes located in the community.

He said: “We are very excited. We didn’t know that this would happen so soon in this community. It came as a surprise, so we are grateful to Dangote Cement Plc for the gesture.”

The monarch said the community had accessed electricity earlier through Dangote Cement, even as he pledged that the community would continue to support the company.

A statement from the company had said: “In further demonstration of this commitment, the scholarship fund has this year been reviewed upward to ₦28,800,000.00, and its scope expanded to cover all six host communities, strictly in line with the provisions of the Community Development Agreement (CDA). This deliberate expansion reflects our desire to ensure equity, inclusiveness, and shared benefits across all our immediate communities.

“The company has executed several projects, with others still ongoing, including the Women Empowerment Programme, the Farmers Empowerment Programme and the Youth Empowerment Programme, all aimed at improving livelihoods in the host communities.”

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Ex-Running Mate of Peter Obi, Datti Baba Ahmed, Declares Interest for Presidency

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By Yusuf Danjuma Yunusa

Senator Datti Baba-Ahmed, the Labour Party’s 2023 vice-presidential candidate, formally declared his intention on Wednesday to run for president in the 2027 elections. The announcement was made during a gathering at the party’s national secretariat in Abuja and comes amid ongoing realignments within Nigeria’s opposition.

Baba-Ahmed’s declaration follows closely on last week’s departure of former presidential candidate Peter Obi from the Labour Party to the African Democratic Congress–a move that has sparked debate over the future of the party and opposition dynamics ahead of the next general election.

Addressing supporters, Baba-Ahmed stressed that his presidential ambition predates the 2023 polls and is not a reaction to Obi’s exit.

“I have decided to contest for the presidency in 2027. I am not following anyone’s trajectory or stepping into anyone’s shoes,” he stated.

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“Before His Excellency Peter Obi filed for the presidency, I had already aspired to the office. The records are there.”

He recalled contesting the Peoples Democratic Party’s presidential primary in October 2018 before later joining forces with Obi under the Labour Party in 2023.

“I saw a rare opportunity for national unity in Peter Obi’s candidacy, and that is why I decided to flow with it,” Baba-Ahmed explained.

Responding to questions about identity and eligibility, he affirmed: “I am a practising Muslim and a Hausa man, but first I am a Nigerian. The constitution grants me the right to contest. I am doing this because Nigeria needs help.”

However, he noted that he would await official party and electoral guidelines before further campaign steps: “As a law-abiding citizen and loyal party member, I will wait for INEC’s timetable and the Labour Party’s call for aspirants.”

In his response, Labour Party National Chairman Julius Abure commended Baba-Ahmed for his loyalty amid speculation of defection. He highlighted that key figures, including Abia State Governor Alex Otti, also remain with the party.

“On the night Peter Obi defected, Dr. Baba-Ahmed called to confirm he was not leaving the party–the platform through which we secured millions of votes in 2023,” Abure said.

He added that Baba-Ahmed had proposed and helped organize the unity meeting held at the party secretariat.

“The Labour Party is intact,” Abure asserted. “We will not let Nigerians down. We remain united and committed to offering a genuine alternative.”

Baba-Ahmed’s entry adds a new layer to the emerging 2027 presidential contest, signaling early positioning and potential reshaping of opposition alliances.

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