Connect with us

Headlines

CBN disburses N1.3 trn to support power supply in 5 yrs

Published

on

By Matthew Eloyi

The Central Bank of Nigeria (CBN) claims to have disbursed about N1.3 trillion to support the provision of power to Nigerians in the last five years.

Mr Godwin Emefiele, the CBN Governor, said this at a press conference following a meeting of the Bankers Committee in Abuja on Monday.

In his words, “So, what we are trying to say here is that the CBN has always been there to support the power sector.

‘’Like you all know, we have disbursed over N1.3 trillion in the last five years to support through the Generators or Discos or to acquire equipment or to buy meters or to improve what is being paid to electricity generating companies.”

Emefiele further said that the bank had disbursed N11.11 billion to power sector players under the Nigeria bulk electronic trading payments assurance facility, bringing the cumulative disbursement under this facility to N1.28 trillion.

He, however, pledged the apex bank’s commitment to continue to support Distribution Companies (DISCOs) to provide stable power supply to Nigerians.

He said that the apex bank would be engaging with the Power Minister and NERC to see what could be done to support them.

Emefiele also said that the bank would be providing interventions for the NNPC to ensure they import petroleum products that would end the shortage in the country.

He noted that the Minister of Finance was holding engagements with Monetary Policy Committee (MPC) towards ensuring adequate funding to make petroleum products adequately available in the country.

“We are also saying we will be engaging NNPC ourselves, if there’s any kind of intervention that we can provide to help make it easy for them to bring in these products, so that this shortage can stop.

“Then we will see that when supply increases, people are relatively confident that when they sell whatever they’re holding, be it petrol or diesel that they can easily go and replace them, then the arbitrary price increases will reduce.

“When arbitrary price reduces, of course, we can begin to see that there will be gradual moderation in the price of this product.

’’This would ultimately result in the moderation in the prices of other products that its price would have gone up as a result of the arbitrary increase in the price of these items.

“This is simply how we think CBN can work with them,’’ he said.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Headlines

NUC upgrades universities medical-related programmes

Published

on

The National Universities Commission (NUC) says it has upgraded some medical-related programmes in the Nigerian universities from Bachelor’s degree to doctoral status.

This is disclosed in a statement signed by the commission’s Acting Director of Public Affairs, Mrs Franca Chukwuonwo, and made available to newsmen in Abuja on Wednesday.

Chukwuonwo said the decision was driven by the need to incorporate more clinical and practical sessions, improve foundational course coverage, enhance clinical skills, and address all specialty areas comprehensively.

She noted that the upgrade aligned with global best practices for training professionals in these fields.

“This quest to upgrade the status of some medical-related programmes from Bachelor’s Degree to Doctor was borne out of the desire to incorporate more clinical/ practical sessions.

“It is to provide sufficient coverage of foundation courses, improve on clinical skills and cover all specialty areas.

“The trend seeks to also align with global best practices applicable in the training of professionals in these medical related programmes.

“Furthermore, the certificates obtained from the Nigerian University System (NUS) can be at par with those obtained in similar programmes from other climes” she said.

She added that it would also ensure the requisite harmonisation, mutuality and global competitiveness of Nigerian graduates in terms of certificates evaluation, employability and further studies in the relevant disciplines.

She listed the programmes upgraded as: Doctor of Pharmacy (Pharm D), Doctor of Physiotherapy (DPT), and Doctor of Optometry.

She added that the duration of the programmes was increased from five to six years to accommodate the additional courses and clinical incorporated into the curriculum.

“The general public and all stakeholders are hereby informed that the Doctor of Medical Laboratory Science (DMLS) programme does not exist in the NUC’s BMAS or CCMAS.

“And thus has not been captured as an upgraded programmes. Consequently, DMLS programme is not approved in any university in the country,” she said.

Continue Reading

Headlines

NCDC urges collaborative action on health emergencies

Published

on

Nigeria Centre for Disease Control and Prevention (NCDC) has reaffirmed the critical role of risk communication and community engagement in addressing public health challenges.

Dr Tochi Okwor, the Head of Disease Prevention and Control at NCDC, made this known during the reopening meeting of the National Risk Communication Technical Working Group (NRCTWG) in Abuja on Wednesday.

Okwor stressed the urgency of proactive measures to safeguard Nigeria against current and emerging health threats.

She acknowledged the foundational work of the first Risk Communication Lead at NCDC, whose leadership facilitated the establishment of the NRCTWG in June 2018.

She said “this multispectral platform has since played a pivotal role in coordinating responses to public health emergencies across ministries, departments, agencies and partners.”

She highlighted the multiple health challenges the country continues to face, including annual outbreaks of Lassa fever, cholera, cerebrospinal meningitis and the growing threat of antimicrobial resistance, which she referred to as “the silent pandemic.”

She also raised concerns about looming threats such as the re-emergence of Ebola, the Marburg virus, and the ongoing response to human metapneumovirus.

“Our preparedness and response efforts hinge on effective risk communication and community engagement.

“This is not just about sharing information but ensuring the right information reaches the right people at the right time, inspiring trust and action,” she said.

She stressed the devastating consequences of misinformation, citing the saltwater bath rumours during the Ebola outbreak and the conflicting narratives during the COVID-19 pandemic.

“These instances highlight the critical need for harmonised, evidence-based communication to manage health emergencies effectively,” she added.

Nma Ogbonna, Head of Health Promotion at the Federal Ministry of Health, commended efforts in risk communication, particularly in public health emergency surveillance at airports.

Ogbonna revealed the ministry’s active involvement, including an information committee focused on risk communication.

However, she acknowledged gaps in formal reporting and expressed the need for better documentation and collaboration with international partners to strengthen Nigeria’s public health response.

Dr Olufemi Ayoola, Director of Health and Social Care at the National Orientation Agency (NOA), expressed gratitude for past collaborations that have nurtured growth.

Ayoola highlighted professional advancements within the team and reaffirmed the commitment of the Agency under new management to strengthen partnerships, including with NCDC, for continued public health progress.

Mrs Maureen Kojo, Chief of Animal Health at the Federal Ministry of Livestock Development (FMLD), announced that the Ministry has notified all 36 states and the FCT to be on alert and take preventive measures to avoid the spread of anthrax.

Kojo said that a surveillance team has been deployed to the states and RCCE activities have begun to educate and raise awareness about the disease.

Mr Yunus Amadou, State Facilitator,

UNICEF, emphasised using the meeting as a platform to reflect on past achievements, identify areas for improvement, and strategize for greater impact in the future.

Amadou acknowledged the hard work, collaboration, and commitment of stakeholders in protecting Nigerians’ health and well-being, urging continued collective efforts to make a difference.

Ms Racheal Abujah, Senior Health Correspondent at the News Agency of Nigeria (NAN), underscored the importance of transparent communication and accurate reporting in public health efforts.

Abujah stated that collaborative efforts, such as those between NCDC, NOA, and international partners, are crucial in building trust and ensuring effective risk communication, particularly during health emergencies.

Additionally, she highlighted the role of the media in disseminating clear, reliable information to the public, reducing misinformation, and driving community engagement to improve health outcomes in Nigeria.

Continue Reading

Headlines

Tanker explosion kills driver, injures 1 in Ibadan

Published

on

A tanker loaded with Premium Motor Spirit (PMS) has exploded, killing its driver and injuring one other person in Ibadan.

Mr Yemi Akinyinka, General Manager (GM), Oyo State Fire Service Agency, confirmed the incident in a statement made available to newsmen on Wednesday in Ibadan.

He explained that the tanker lost control, rammed into two other trucks, and somersaulted into a nearby pit before bursting into fire.

The GM said the incident resulted in the death of the tanker driver and injured the motor boy.

“The incident happened around Fijabi House, Agbowo, Ojoo/Iwo Road Expressway.

“The agency received a distress call about the fire incident at exactly 2.45 a.m. through a telephone call.

“The service swiftly deployed personnel to the scene and curtailed the fire from spreading to the nearby residential area.

“On arrival, we met three trucks of 20-metre distance from one another involved in the fire incident,

“The driver was burnt to death while the motor boy was rescued alive and taken to the University College Hospital (UCH), Ibadan, for treatment,” he said.

Akinyinka stressed that the tanker was utterly destroyed by the fire while the other two trucks were rescued by the agency’s personnel.

“The agency’s Director of Operations, Mr Ismail Adeleke with team members, the police, and some other security agencies were at the scene to prevent a breakdown of law and order,” he said.

Continue Reading

You May Like

Copyright © 2024 Acces News Magazine All Right Reserved.

Verified by MonsterInsights