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Federal University Of Technology Babura To Commence Academic Activities September

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Malam Adamu Adamu Minister of Education

 

The newly established university of technology, Babura in Jigawa state is to commence lectures and other academic activities in September this year.

The Vice Chancellor of the university, Professor Sabo Ibrahim Birnin-Kudu who made this known in a chat with newsmen on Wednesday, said academic activities in the university kicks up with two faculties.

He said the two faculties are the science and that of technology, while creation of the faculty of information technology (ICT) follows up early next year.

Professor Birnin-Kudu stated that, they have already secured a temporary site for the university’s take off in September this year through the Jigawa state government’s magnanimity.

2023:Over 300,000 Members Set To Join NNPP In Jigawa

According to him, though they have not formally introduced the university to the Joint Admission and Matriculations Board (JAMB), they will however, ask the exam body to allow them admit the first set of their students.

He said that a vast land has already been secured for the establishment of the university in Babura, the community where the university was officially established.

On accreditation of their courses, Professor Sabo said they will do all it takes to ensure all the courses introduced by the university get accredited by the National University Commissio (NUC) accordingly.

On academic staff to start with, the vice chancellor explained that they will employ qualified lecturers and also get some from other universities especially those nearby to have them to teach students on leave basis, while sponsoring those with master’s degree to go for doctorate courses in other universities.

He also cited the tremendous work of establishing a new university as a daunting task, as such, he called on the residents of Babura and Jigawa state in general to be rest assured of his friendship as the the vice chancellor.

Adding that, they should however, put it in their minds that being established by the federal government, the university is for all Nigerians and even foreigners who want to come for academic purposes.

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Breaking News On Dollar Sale

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The Central Bank of Nigeria (CBN) has announced plans to offer foreign exchange worth $20,000 to any eligible Bureau De Change operator across the country.

This comes more than two years after suspended former CBN governor Godwin Emefiele prohibited the sale of foreign exchange to BDC operators in that area of the FX market.

The apex bank revealed this in a new circular published and signed by the Director, Trade and Exchange Department, Hassan Mahmud on Tuesday.

The circular titled, “Sale of Foreign Exchange to Bureau de Change Operators to meet retail demand for eligible invisible transactions” said the move aimed at rectifying the persisting distortions in the retail segment of Nigeria’s foreign exchange market and bridging the widening gap in the exchange rate.

It said the allocation will be sold at a rate of N1,301/$, reflecting the lower band rate of executed spot transactions at the Nigerian Autonomous Foreign Exchange Market as of the previous trading day, dated February 27, 2024.

The circular read, “Following the ongoing reforms in the foreign exchange market, aimed at achieving an appropriate market-determined exchange rate for the Naira, the Central Bank of Nigeria has observed the continued price distortions at the retail end of the market, which is feeding into the parallel market and further widening the exchange rate premium.

To this end, the CBN has approved the sale of foreign exchange to eligible Bureau De Change to meet the demand for invisible transactions. The sum of $20,000 is to be sold to each BDC at the rate of N1,301/$- (representing the lower band rate of executed spot transactions at NAFEM for the previous trading day, as of today, 27th February 2024.

All BDCs are allowed to sell to end-users at a margin NOT MORE THAN one per cent (1 per cent) above the purchase rate from CBN.”

It further directed eligible BDCs to make Naira payments to the designated CBN Foreign Currency Deposit Naira Accounts and submit confirmation of payment, with other necessary documentation.

“All eligible BDCs are directed to make the Naira payment to the designated CBN Foreign Currency Deposit Naira Accounts and submit confirmation of payment, with other necessary documentation, for disbursement at the appropriate CBN Branches ABUJA, AWKA, LAGOS and KANO,” it added.

The CBN in frantic efforts to save the free fall of the naira has made a number of significant reforms towards addressing Naira depreciation, such as probing and clearing FX backlog, limiting forex for foreign education and medical tourism, increasing BDCs’ minimum share capital, and curbing FX speculators, among others.

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Northern Senators Commends ECOWAS Leaders For Lifting Sanctions On Niger Republic

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Abuja. – Today, the Northern Senators Forum expresses it’s heartfelt appreciation and commendation to the exceptional leaders of the Economic Community of West African States (ECOWAS) for their decisive action in lifting sanctions imposed on Niger Republic as a result of military takeover on 26th July, 2023. We are pleased to see that ECOWAS has responded to the progressive requests made by us individually and collectively on the subject matter, and we commend their prudent and compassionate approach in addressing these critical issues.

The Northern Senators Forum believes that the principled and empathetic decision made by ECOWAS to lift the sanctions on Niger Republic is a testament to the organization’s commitment to regional solidarity, cooperation, and respect for human rights. We understand that this action will go a long way in alleviating the suffering of the people of Niger Republic, as well as ensuring the restoration of stability and economic prosperity in our region.

We are particularly grateful that ECOWAS leaders have considered our pleas to restore electricity, open borders, and lift the sanctions on Niger Republic. These measures will not only have crucial humanitarian implications, but will also foster regional integration, trade, and cooperation. We firmly believe that this step taken by ECOWAS will positively impact the lives of the people of Niger Republic and Nigeria and facilitate the restoration of trust and harmony among all member states.

As representatives of the people and advocates for justice and democracy, we commend ECOWAS for their responsiveness and understanding of the immense challenges faced by our fellow West African nation. The Northern Senators Forum stands in solidarity with ECOWAS IN restoring democracy and rule of law in Niger Republic and other west African countries, and we are committed to working to promote stability, peace, and socio-economic development throughout the region.

The Northern Senators Forum urges the government of Niger Republic and its people to seize this opportunity to hasten the process of returning to democratic governance to build a stronger and more prosperous nation, harnessing their resilient spirit and unwavering determination. Furthermore, we urge all regional stakeholders to continue engaging in dialogue and pursuing peaceful solutions to address any remaining concern, fostering a harmonious environment for progress and development.

Finally, the Northern Senators Forum would like to reiterate its deep appreciation to ECOWAS leaders especially President Bola Ahmed Tinubu of Nigeria for their proactive and benevolent intervention in lifting the sanctions imposed on Niger Republic. We are confident that this decision will leave an indelible mark on the collective consciousness of all West African nations and serve as a shining example for resolving differences through dialogue and diplomacy.

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BREAKING: ECOWAS lifts sanctions against Niger, Mali, Burkina Faso

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President Bola Ahmad Tinubu addressing the Extraordinary meeting of ECOWAS heads of state in Abuja,Photo:Channels TV

 

The Economic Community of West African States (ECOWAS) has lifted sanctions imposed on Niger Republic, Mali, Burkina Faso, member nations that are ruled by military.

The authorities of ECOWAS on Saturday said the decision was based on humanitarian considerations, especially because of the Lenten period and the approaching month of Ramadan.

The regional bloc also lifted sanctions on Republic of Guinea-Bissau.

To invite all four countries to a meeting.

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