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CBN Extends Deadline for Old Naira Use Till February 10

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CBN Extends Deadline for Old Naira Use Till February 10

The Central Bank of Nigeria (CBN) has extended the deadline for the use of the old notes till February 10, 2023.

The CBN Governor, Godwin Emefiele, announced the extension in a statement signed on Sunday.

He explained that the apex bank has sought approval from President Muhammadu Buhari to extend the deadline for the use of the old notes by 10 days.

“Based on the foregoing, we have sought and obtained Mr President’s approval for the following:  A 10-day extension of the deadline from January 31 to February 10 to allow for the collection of more old notes legitimately held by Nigerians,” the statement read.

“A 7-day grace period, beginning from February 10 to February 17, in compliance with Sections 20(3) and 22 of the CBN Act allowing Nigerians to deposit their old notes at the CBN after the February deadline when the old currency would have lost its Legal Tender Status.”

Read Also: Kano stops Buhari’s visit, cites security reason

The CBN Governor also solicited the cooperation of all Nigerians in ensuring a hitch-free process for the implementation of the policy.

Before the apex bank extended the use of the naira note, many Nigerians experienced difficulty in lodging their old banknotes.

The scramble by many Nigerians to meet the initial January 31 deadline has been chaotic as many of them flood banking halls with huge cash in old notes to exchange them with new ones.

Others are seen in long queues at the few ATM points having the new naira notes in different parts of the country to have access.

The naira redesign was greeted by criticism by some Nigerians, including the presidential candidate of the ruling All Progressives Congress (APC), saying the policy was intended to scuttle his presidential ambition.

CBN Extends Deadline for Old Naira Use Till February 10

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NASENI awards N70.5m grants to 6 female engineers

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NASENI awards N70.5m grants to 6 female engineers

National Agency for Science and Engineering Infrastructure (NASENI), through the Presidential Implementation Committee on Technology Transfer (PICTT), has awarded a N70.5 million grant to six female engineers.

This is contained in a statement issued by NASENI’s Director of Information, Olusegun Ayeoyenikan, on Wednesday in Abuja.

Ayeoyenikan said the grants were awarded to the six winners under the Developing Engineering Leaders Through Her (DELT-Her) project, with a call for proposals launched as part of NASENI’s Delta-2 programme.

He recalled that on March 8, the agency had introduced the DELT-Her project, aimed at addressing gender imbalance in the engineering and technology-based businesses in Nigeria.

The Executive Vice-Chairman of NASENI, Mr Khalil Halilu, represented by the Coordinating Director of the Planning and Business Development Directorate, Dr Nonyem Onyechi, noted that the DELT-Her initiative sought to empower young women in engineering and technology.

He stressed the importance of providing women with necessary tools, platforms, and support to excel in the fields that had traditionally been male-dominated.

“I encourage the awardees to see their success as a beacon for others and a commitment to fostering environments where women can thrive in engineering and technology,” Halilu said.

Chairman of PICTT, Dr Mohammed Dahiru, said that after evaluating over 120 applications, six innovative projects were selected for funding, with each receiving grants, technical support, and partner connections for commercialisation.

Dahiru added that some of the awardees had also been selected to participate in the upcoming AFRI Lab Annual Gathering in Cape Town, South Africa, based on their projects.

The grant recipients, with their projects, included: Rukkaya Abdulmutalib, ‘Artificial Intelligence Censored Machine to Monitor Soil Health for Green-Houses (N3 million) and Patience Ibrahim-Janda, ‘Automobile Brake Pads produced from Organic Waste (N10 million).

Others were: Amina Khaleel, ‘Drone for Intelligent ReaL-time Security and Target Tracking’ (N17.5 million) and Kudirat Jimoh, ‘Electronic Training Board/Device for Science and Engineering Students’ (N16.5 million).

The remaining grant recipients were: Ikechukwu Francisca, ‘Automatic Bambara Flour Processing Machine’ (N8.5 million) and Abisola Olayiwola ‘Solar-powered Snail Shelling Machine’ (N15 million).

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Ododo flags off construction of 20km Obajana-Uro-Aku rural road

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Ododo flags off construction of 20km Obajana-Uro-Aku rural road

Gov. Usman Ododo of Kogi State, on Wednesday, flagged off the construction of a 20 kilometre Obajana-Uro-Aku rural road linking parts of Lokoja and Adavi local government areas.

The News Agency of Nigeria (NAN) reports that the project was part of interventions by the Rural Access and Agricultural Marketing Project (RAAMP) supported by the World Bank Group and other stakeholders.

The 20km road was the first phase of an over 65km network of rural roads in the state aimed at creating access to farms, farming communities, and markets to ensure food security in the state.

Gov. Ododo, while flagging off the construction, emphasised the pivotal role of rural roads in the development agenda of his administration.

Ododo stated that rural roads would not only enhance transportation but would serve as catalysts for rural economic growth and food security in the state.

“This administration believes that rural roads will provide access and connectivity to farmers and traders as part of his administration’s broader strategy to enhance rural development and bring governance closer to the people.

“We are appealing to benefiting communities to take ownership of the project and ensure its good usage and management,” he said.

The governor, however, advised contractors handling the project not to divert project funds but should demonstrate a high level of integrity and professionalism.

Commissioner for Rural and Energy Development, Mr Abdulmutalib Mohammed, said the project was meant to benefit farmers by reducing the cost of transportation.

In his remarks, the National Coordinator of RAAMP, Mr Aminu Bodinga, represented by Mrs Joy Amadi, commended Gov. Ododo for his unwavering commitment to rural development.

Bodinga noted that rural development would enhance connectivity and access to markets, social services, and opportunities that were previously out of reach by rural dwellers.

The State Coordinator of the project, Mr Sheidu Obansa, said the network of rural roads would expose the communities to opportunities and promote agricultural development in the state.

The Olu of Oworo, Muhammed Baiyerohi, commended Gov. Ododo on the road project and noted that the project would enhance agricultural development and reduce vehicular traffic along Obajana Road.

The Apata of Apata, Oba Frederick Balagun, who spoke on the development, said the initiative would help rural dwellers, who are mostly farmers and traders in the state.

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Alia appoints Adagba as BENDISMEA DG

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Alia appoints Adagba as BENDISMEA DG

Gov. Hyacinth Alia of Benue State has approved the appointment of Mr Solomon Adagba as the Director General of Benue State Digital Infrastructure Services Management Enforcement Agency (BENDISMEA).

Alia, in a statement by his Chief Press Secretary, Sir Tersoo Kula, on Wednesday in Makurdi, said that the appointment was with immediate effect.

While congratulating  Adagba on his new role, the governor  charged him to always put the state first in all considerations in the course of his duty.

He advised the new DG to ensure that he focused firmly on the vision and mission of the administration.

Adagba, a member of the Nigeria Computer Society and Computer Professionals, holds a Masters Degree in Computer Science from the University of Nigeria, Nsukka.

“He has extensive knowledge and experience in computer and digital infrastructure management.

“The agency was created alongside Benue Digital Infrastructure Company with the aim to establish and enforce regulations governing the deployment and management of digital infrastructure within the state.

“It is to ensure compliance with local and national standards and also monitor the usage and maintenance of digital infrastructure, ensuring that service providers adhere to regulations and standards.

“Additionally, it could address any violations or issues that arise, among many other functions,” the statement added.

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